US jobless rate dips, marking end of recession
US employers sharply scaled back layoffs in July, and the unemployment rate dipped for the first time in 15 months, sending a strong signal that the worst recession since World War II is finally ending.
Farmers rally behind SRA chief
Members of the Bukidnon Mill District Development Foundation Inc. have expressed their complete and unwavering support to Sugar Regulatory Administration (SRA) chief Rafael Coscolluela in the latter’s “earnest, untiring, and firm endeavors for the success of the Philippine sugar industry.”
PLDT taps Oracle anew for productivity solutions
Global software giant Oracle has provided the country’s leading telecommunications firm Philippine Long Distance Telephone Co. (PLDT) its Siebel CRM solutions to increase productivity and strengthen its competitiveness.
US agricultural technology eyed to boost RP farm output
The government is exploring possible applications of available agricultural technologies developed by the US Department of Agriculture (USDA) to further increase farm production and raise income in the countryside.
Insular Life targets up to 10% growth in premium income
Insular Life Assurance Co. Ltd. said it aims to expand its total premium income this year by eight to 10 percent from the P5.9 billion recorded in 2008.
BSP backs adding Cory image to P500 bill
The Bangko Sentral ng Pilipinas (BSP) supports proposals to have the P500 bill bear the late President Corazon Aquino, BSP Governor Amando Tetangco Jr. said.
SM Prime income rises to P3.4 billion in first half
Bucking a global slowdown, shopping mall giant SM Prime Holdings Inc. reported an eight percent increase in its net income during the first half of the year as rental revenues increased with the addition of four new shopping centers.
SSS cuts interest rates of social, business loans
The Social Security System (SSS) has reduced the interest rates of its social and business loans to boost its lending facilities, its top official yesterday announced.
RP market tipped to trace corporate results
MANILA – The release of corporate earnings reports next week will likely determine the direction of Philippine share prices, after a bout of profit-taking, analysts said on Friday.
Unilever profit down 17% in second quarter
Unilever NV PLC, the maker of Dove soap, Lipton tea and Ben & Jerry’s ice cream, said Thursday profit fell 17 percent in the second quarter as its margins eroded amid the economic downturn.