Displaying all posts for Business

Strong Peso Hurting Overseas Workers' Families

MANILA, PHILIPPINES: Jasmine Cordero, whose husband works in New Zealand, feels bad that the value of the US dollar against the peso is declining. “Before, I could receive between 10,000 pesos (US$246.39) and 15,000 pesos ($369.59) a month from him. Now, its less than that,” Cordero of Tacloban City said. Read more »

World's cheapest car unveiled in India

New Delhi: India’s India’s Tata Motors Ltd unveiled the world’s cheapest car on Thursday, bringing car ownership closer to millions of consumers. The four-seater Nano will have a dealer price of 100,000 rupees ($2,500), and will go on sale later this year. It costs less than half of India’s Read more »

Microsoft sued for copyright violation in Philippines

MANILA, Dec. 17 (Xinhua) — A Philippine college on Monday accused global software giant Microsoft Corp. of allegedly reproducing the school’s copyrighted materials without consent. According to the online edition of the Philippine Daily Inquirer, Southeastern College (SEC) filed the case at a regional court in Metro Manila against the Read more »

Gov’t loses Danding shares in San Miguel

By SANDY ARANETA The Sandiganbayan First Division dismissed Wednesday the government’s claim to 17-percent stake in San Miguel Corp. making its chairman Eduardo “Danding” Cojuangco the undisputed owner of the stocks.

Wanted: Filipino investments

By Cielito Habito — Philippine central bank figures released last week tell us that inflows of net foreign direct investment (i.e., not counting portfolio investments or “hot money”) from January to July grew a whopping 70 percent over the same period last year, even better than the 50-percent growth posted Read more »

Gap to Open Stores in the Philippines

Gap Will Begin to Open Gap and Banana Republic Stores in Philippines NEW YORK (Associated Press) – Apparel retailer Gap Inc. on Tuesday said it agreed to open Gap and Banana Republic stores in the Philippines.