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BSP survey shows business optimism at all-time high in 2Q

San Miguel acquires a third of chairman's cement company

AboitizPower to spend P125 billion on new plants

PSEi slides near 7,300-mark as investors worry over poor China factory data, end to Fed bond-buying

Peso slumps to 41.6:$1 level

VIDEO: PH chromite smuggled out to China via Zambales?

InterAksyon.com means BUSINESS

MANILA, Philippines – Huge quantities of chromite, an element used to produce stainless steel, are apparently being spirited out of the country for export to China through Zambales.

A News5 crew encountered truckloads of the metal on the highway in Zambales, but when they followed the trail to a pier, security guards at the pier denied that any loading operation was ongoing.

China has in recent years been going farther overseas to source vital raw materials, especially metals, needed for its burgeoning industries.

Local Customs officials, meanwhile,  denied there was any smuggling from the Zambales pier.

InterAksyon.com means BUSINESS

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