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By Keith Richard D. Mariano Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Okada-Manila-defers-opening-to-March&id=140615 OKADA MANILA is formally opening next month with the commencement of casino operations catering to high rollers and the unveiling of the two-hectare dancing fountain, indoor beach and other facilities under its first phase. In a statement issued on Friday, Tiger Resorts, Leisure & […]
By Helen Flores (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/14/1672066/prepare-big-one MANILA, Philippines – Residents of Metro Manila and nearby provinces should prepare for the “Big One,” a magnitude 7.2 earthquake to be generated by the West Valley Fault, which is ripe for movement. Amid the devastation caused by the magnitude 6.7 earthquake […]
PRA names 96 reclamation ventures February 10, 2017/ http://www.tribune.net.ph/business/pra-names-96-reclamation-ventures The Philippine Reclamation Authority (PRA) has identified 96 reclamation ventures in varying stages of evaluation or approval along with 487 unauthorized projects that the government plans to either seek reimbursement from or take back the lands through forfeiture proceedings. Speaking at the 40th anniversary celebration of […]
By MAYVELIN U. CARABALLO, TMT on February 10, 2017 / http://www.manilatimes.net/dof-approves-20-reclamation-projects/311433/ The Department of Finance has given the Philippine Reclamation Authority (PRA) the green light for 20 of 96 reclamation projects in the pipeline, which could generate hundreds of billions of pesos worth of public assets and help modernize some of the country’s vital ports. “We cannot overstate […]
The decision by Nikkei 225-listed Nisshinbo Holdings marks the first time a Japanese company has publicly abandoned a Mexican facility in response to the new US president’s protectionist outbursts BY AGENCE FRANCE-PRESSE Published Thu, Feb 9, 2017 4:45 PM http://www.rappler.com/business/160960-japan-firm-drops-mexico-plant-plan-over-trump-warnings TOKYO, Japan – A top Japanese company said on Thursday, February 9, it had dropped […]
By AP (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670684/us-judge-blocks-anthem-cigna-merger SACRAMENTO, Calif. – A federal judge on Wednesday rejected Anthem Inc.’s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. US District Judge Amy Berman Jackson said the merger would […]
Philippine Daily Inquirer 12:28 AM February 10, 2017 https://business.inquirer.net/224315/bsp-raises-inflation-forecasts-2017-2018 Inflation this year and next year are expected to pick up faster than earlier expected due to higher oil prices as well as a weaker peso, Bangko Sentral ng Pilipinas officials said Thursday. During the meeting of the Monetary Board, the BSP’s highest policymaking body, the […]
By Lawrence Agcaoili (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670656/bsp-keeps-rates-steady MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) yesterday kept its monetary policy unchanged, as expected, despite the growing upward pressure on inflation as well as the challenging global economic environment. BSP officer-in-charge Nestor Espenilla Jr. said the central bank’s Monetary […]
By Mary Grace Padin (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670673/business-groups-press-passage-tax-reforms MANILA, Philippines – A group of foreign and local business organizations is urging the government to swiftly approve the Comprehensive Tax Reform Program (CTRP) and 11 other legislative proposals aimed at improving the business climate to sustain the growth momentum and […]
Christine Murray and Alexandra Alper, Reuters Posted at Feb 09 2017 11:06 AM http://news.abs-cbn.com/business/02/09/17/high-spirits-as-mexicos-jose-cuervo-prices-ipo-at-top-of-range-sources MEXICO CITY – The initial public offering for tequila maker Jose Cuervo priced at the top of the expected range at 34 pesos per share, two people said on Wednesday, marking the first Mexican IPO since Donald Trump won the US […]
