By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:04 AM March 14, 2017 http://business.inquirer.net/226098/sm-beats-friday-blues-psei-7200-anew The stock barometer climbed back to the 7,200 level on Monday as leading conglomerate SM Investments recouped most losses from Friday’s sell-off. The main-share Philippine Stock Exchange index (PSEi) gained 86.82 points or 1.21 percent to close at 7,233.09 on the first day […]
By: Ben O. de Vera Philippine Daily Inquirer 01:06 AM March 14, 2017 http://business.inquirer.net/226102/btr-awards-p15b-treasury-bills Sustained robust market demand for government securities made the Bureau of the Treasury award all of the P15 billion in treasury bills offered Monday. The Treasury sold P6 billion in 91-day IOUs at an average rate of 2.374 percent. Tenders for […]
MANILA, Philippines – The research arm of the Fitch Group said the proposed tax reform program would allow the Duterte administration to ramp up infrastructure spending without risking macroeconomic instability. BMI Research said the first out of four proposed tax reform packages introduced by the Department of Finance (DOF) would be positive for revenue growth. […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 07:59 AM March 09, 2017 http://business.inquirer.net/225824/alveo-ayala-lands-biggest-brand-year Property developer Alveo Land plans to bring to the property market a record-high P40 billion worth of inventory this 2017, the year when it will reach a turning point in history to become Ayala Land’s biggest brand in terms of earnings contribution. In […]
The CA rules that Makati committed forum shopping when it filed an appeal before the Pasig RTC and the CA itself Lian Buan Published 9:05 PM, March 09, 2017 Updated 1:03 AM, March 10, 2017 http://www.rappler.com/nation/163751-taguig-makati-fort-bonifacio-ca MANILA, Philippines – The Court of Appeals (CA) granted the motion of the Taguig City government to dismiss Makati […]
By Keith Richard D. Mariano Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Luxury-Anya-Resort-to-open-in-Tagaytay-in-April&id=141961 ROXACO LAND Corp. is opening its first luxury resort under the Anya brand next month, paving the way for the development of vertical residences worth around P1.2 billion within the same property in Tagaytay City. In a media briefing in Makati City on Thursday, the […]
By Keith Richard D. Mariano with Krista Angela M. Montealegre Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=PSE-expects-deal-for-BAP%E2%80%99s-stake-in-PDS-to-be-completed-by-May&id=141962 THE PHILIPPINE Stock Exchange, Inc. (PSE) will have closed its acquisition of the Bankers Association of the Philippines’ (BAP) stake in Philippine Dealing System Holdings Corp. (PDS) before May ends. In a regulatory filing on Thursday, the operator of the […]
By D.M. Uy Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Auto-sales-still-up-in-February-despite-slump-in-passenger-cars&id=141963 AUTO SALES continued to rise in February but slowed to a single-digit growth rate, dragged by a contraction in sales of passenger cars, industry data showed on Thursday. Data jointly released yesterday by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:19 PM March 09, 2017 http://business.inquirer.net/225840/sec-oks-megaworlds-p30b-debt-offer The Securities and Exchange Commission has approved a plan by tycoon Andrew Tan-led property developer Megaworld Corp. to raise as much as P30 billion from the local debt market over the next three years. The first tranche of the offering is worth up […]
By Ian Nicolas P. Cigaral Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Economy&title=China-firms-keen-on-prison,-integrated-city-PPP-projects&id=141998 SOME Chinese companies are “interested” in public-private partnership (PPP) projects in the Philippines particularly in building “integrated” cities and developing regional prison facilities here. In a press briefing at Malacañang on Thursday, PPP Center Executive Director Ferdinand A. Pecson said that while his agency has […]