Business and Economy

May home sales up from April and year ago, Canadian Real Estate Association says

OTTAWA — The Canadian Real Estate Association says home sales for May were up compared with April and a year ago. The association says home sales though its Multiple Listing Service system were 5.9 per cent higher compared with April and 4.8 per cent higher compared with a year ago. The national average price for …

Gov. Villafuerte seeks RDC endorsement of CamSur express tollway project

LEGAZPI CITY -– Camarines Sur governor Miguel Luis Villafuerte has asked the Bicol Regional Development Council (RDC) to endorse to the national government as a priority project the proposed Camarines Sur Express Tollway Project to fast track its development. In his recent letter to Albay Governor and RDC Chairman Joey Salceda, copy of which was obtained …

GM recalling Camaros for ignition switch problem

DETROIT — Ignition switches once again are causing problems for General Motors. This time the company is recalling nearly 512,000 Chevrolet Camaro muscle cars from the 2010 to 2014 model years because a driver’s knee can bump the key and knock the switch out of the “run” position, causing an engine stall. That disables the …

Gadget Watch: Huawei’s Mate2 phone good at $299

NEW YORK — Mention Huawei in the U.S., and you’re likely to get a blank look. Either that person has never heard of the Chinese phone maker or has heard something about security concerns raised by lawmakers in Washington. Huawei Technologies Co. believes it can overcome all that as it makes a bigger push in …

Jimmy Scott, jazzman with ethereal voice, dies at 88

LAS VEGAS — Jimmy Scott, a jazzman with an ethereal man-child voice who found success late in life with the Grammy-nominated album “All the Way,” has died. He was 88. Scott died in his sleep Thursday at his Las Vegas home, said his wife, Jeanie Scott. He had battled health problems stemming from a genetic …

Illegal recruiters managed to infiltrate job fairs — DOLE-NCR

MANILA — Illegal recruiters managed to infiltrate job fairs organized by the Department of Labor and Employment (DOLE). Nelson Hornilla, acting Director of DOLE – National Capital Region (NCR), noted that this happened in previous job fairs but they were able to stop them. “There were instances where you can see some that are distributing …

Mitsubishi, Siemens considering joint bid for units of French engineering firm Alstom

TOKYO—The possible bid by Mitsubishi Heavy Industries for turbine businesses of French engineering firm Alstom is part of Japan’s effort to carve out a share of the lucrative global energy infrastructure business. Mitsubishi and German rival Siemens AG said Wednesday they are considering a joint bid for parts of Alstom and will decide by Monday …

PHL-EFTA to ink Joint Declaration on Cooperation this month

MANILA — The Philippines and European Free Trade Association (EFTA) will sign Joint Declaration on Cooperation (JDC) on June 23 during the EFTA Ministerial Meeting in Iceland, Department of Trade and Industry (DTI) said. EFTA is composed Iceland, Liechtenstein, Norway, and Switzerland. Through the JDC, the Philippines and the four mentioned countries will expand trade …

Phl’s debt payment down by 32%

MANILA — The total debt payment of the government fell to nearly 32% during the first quarter this year as principal debt payments also made a significant decline during the review period, Bureau of Treasury’s latest data showed. This year’s payment is down to P174.19 billion in the first four months from January to May …

Phl’s ‘BBB’ rating gets affirmation

MANILA — A Japanese agency affirmed the country’s ‘BBB’ rating with a stable outlook, despite noting constraints on the country’s challenging investment environment. Despite the affirmation, Japan Credit Rating Agency Ltd. said in a statement published by the Philippine Star that the ratings are particularly constrained by the “inadequate infrastructure albeit improving partially such as …

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