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By Roderick T. dela Cruz
Pilipino Telephone Corp., a subsidiary of Philippine Long Distance Telephone Co., will exit from the mobile phone business to serve as the investment arm of the PLDT group in the energy sector.
Customs collections down 7% in two months
By Lawrence Agcaoili
Collections of the Bureau of Customs fell nearly 7 percent in the first two months of the year as the Philippines started to feel the full impact of the global economic meltdown.
BSP eyes further monetary easing to boost growth
The Bangko Sentral, which cut its key interest rate to a 16-year low this month, needs to consider easing monetary policy further to boost economic growth, Deputy Gov. Diwa Guinigundo said yesterday.
eTelecare gets Peek as new foreign client
Business process outsourcing company eTelecare Global Solutions has secured a new client, which invented a $49 handheld mobile device, used exclusively for e-mail messaging.
Alliance Tuna infuses additional capital to raise stake in Indon unit to 80%
By Jenniffer B. Austria
Canned tuna exporter Alliance Tuna International Inc. is increasing its stake in an Indonesian subsidiary.
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