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TMPC boss sees 2014 sales exceeding target

MARKET leader Toyota Motor Philippines Corp. (TMPC) said total domestic industry sales may exceed the 250,000-unit target this year, and reach as much as 260,000 units on the back of the steady yearlong uptick in demand. “As I look at the trend right now, it’s...

Economists now see 2014 inflation at 4.4%

INFLATION was seen breaching the upper limit of the 2015 target recalibrated to only 4 percent, as price pressures were to remain elevated over the policy horizon even though this year’s target was likely to remain within bounds, the Bangko Sentral ng Pilipinas (BSP)...

Generation charge to go up in October

OCTOBER bills of Manila Electric Co. (Meralco) customers indicate an uptick in generation charge for the supply month of September. “We are looking at a slight upward adjustment in the generation charge,” Meralco Spokesman Joe Zaldarriaga said. Last month Meralco customers consuming 200 kilowatt-hour (kWh) a...

A nude awakening

THE naked truth is that Bench is still the most desirable underwear brand this side of Calvin Klein and Victoria’s Secret. That was my assessment, days before the lifestyle brand’s denim and underwear show at the Arena in the Mall of Asia complex,...

(Sfera) comes to Manila

WE waged a revolution to free ourselves as a colony of Spain—and that freedom won centuries ago now allows us to embrace our former colonizer by way of food, fashion and, yes, especially fashion. After global Spanish brands, like Zara, Mango, Bershka, Massimo Dutti, Stradivarius...

Govt sets rollout of 17 PPP projects worth P553B in ’15

THE lack of infrastructure has always been one of the weak spots of the Aquino administration and, with the Philippine economy expanding at rates that the country’s current facilities could no longer accommodate, the government had vowed to be more aggressive in pushing...

Economists: Inflation likely eased to 4.2%-5% in September

THE country’s inflation rate is seen to slow down in September this year due to the convergence of lower food prices and favorable base effects in the last quarter of the year, economists said. According to economic experts polled by the BusinessMirror, inflation will...

Mob attacks HK protesters as students shelve talks

HONG KONG'S pro-democracy demonstrators were attacked by hundreds of men at two sites in the city, prompting student leaders to shelve talks with the government aimed at ending weeklong street protests still engulfing the city. The city’s embattled leader, Leung Chun-ying, appealed for calm...

60+ companies keen on P122.8-B Laguna Lakeshore Expressway project–Canilao

AFTER drumming up support from investors on Friday, the government received an overwhelming response from more than 60 companies that expressed keen interest on participating in the auction for the P122.8-billion Laguna Lakeshore Expressway-Dike Project, the largest key infrastructure contract to date. Public-Private Partnership...

Malaysian investment bank lauds BSP’s inflation targeting policy

MIDF Amanah Investment Bank Bhd. said the Bangko Sentral ng Pilipinas’s (BSP) inflation targeting policy is successful in anchoring inflation expectations. MIDF said nominal wage growth has gone down and has been recording muted increase in recent years. Inflation is likely to be within...

Surge of hiring cuts U.S. jobless rate to 5.9 percent

WASHINGTON—A surge in hiring last month helped drive the nation’s unemployment rate down to a six-year low of 5.9 percent—within striking distance of what economists consider a healthy level. The encouraging numbers—contained in the last government report on unemployment before the midterm elections—pushed...

Inflation highest in Yolanda-hit Central Visayas, BSP report shows

THE Yolanda-stricken Central Visayas has been found to be experiencing the highest acceleration in consumer prices, necessitating the need for assistance and access to resources this year, the Bangko Sentral ng Pilipinas (BSP) said. In a report published recently, the central bank said that...
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