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By: Ben O. de Vera Philippine Daily Inquirer 06:42 PM March 23, 2017 http://business.inquirer.net/226654/bsp-extends-deadline-exchanging-old-bills-june-30 Due to public clamor, the Bangko Sentral ng Pilipinas has extended to June 30 the deadline for those who still have in their possession old banknotes launched over two decades ago to exchange their old bills before they ultimately lose value. […]
ABS-CBN News Posted at Mar 23 2017 11:26 AM http://news.abs-cbn.com/business/03/23/17/manila-is-worlds-92nd-most-expensive-city-the-economist MANILA – The Philippines is the 92nd most expensive city in the world, according to a study by The Economist magazine. Singapore is the world’s most expensive while Alamaty in Kazakhstan is the last expensive out of 133 countries in the publication’s 2017 World Cost […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:14 AM March 24, 2017 http://business.inquirer.net/226674/call-centers-cite-growth-jobs-ph The call center sector is expected to hit about $20.4 billion in revenues in the next six years, accounting for over half of the total target of the information technology and business process management (IT-BPM) industry. This was just a conservative […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:15 PM March 23, 2017 http://business.inquirer.net/226643/bloomberry-back-profitability Solaire Resort & Casino developer and operator Bloomberry Resorts Corp. chalked up a net profit of P2.23 billion last year, a turnaround from P3.37 billion net loss in the previous year, on the back of record gaming volumes and revenues. In a press […]
By Mary Grace Padin (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683926/p30-b-retail-t-bonds-public-auction MANILA, Philippines – The government will sell P30 billion in three-year retail treasury bonds (RTB) to the general investing public next week, the Bureau of the Treasury (BTr) announced yesterday. The three-year fixed retail bonds will be offered to small investors […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:21 PM March 23, 2017 http://business.inquirer.net/226645/psei-climbs-back-7300 The local stock barometer bounced back to the 7,300 level on Thursday as investors scouted for bargains while global equities stabilized after a recent sell-off. The main-share Philippine Stock Exchange index recouped 46.1 points or 0.64 percent to close at 7,301.03, tracking rebound […]
By Louella Desiderio (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683930/citylink-buses-tap-beep-cards MANILA, Philippines – Citylink buses plying the Newport City to Eastwood City route and vice-versa are now accepting the beep card as payment for distance-based fare, AF Payments Inc. (AFPI) said. “We have added another reason for Filipinos to own and enjoy […]
By Czeriza Valencia (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683932/3-infra-projects-shift-oda-funding MANILA, Philippines – As more government-to-government financing options become available for local infrastructure projects, the Investment Coordination Committee (ICC) of the National Economic and Development Authority (NEDA) has shifted the financing mode for three major infrastructure projects to official development assistance (ODA). […]
By: Ed Margareth Barahan INQUIRER.net 04:52 PM March 23, 2017 http://business.inquirer.net/226649/lrt-mrt-common-station-gets-neda-body-ok The National Economic and Development Authority’s (Neda) investment coordinating body on Thursday approved the configuration for the common station project which would connect the Metro Rail Transit (MRT) line 3, the Light Rail Transit (LRT) line 1 and the soon-to-rise MRT line 7 together. […]
By Danessa Rivera (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683927/aboitiz-power-raising-p30-b-projects MANILA, Philippines – Aboitiz Power Corp. is raising up to P30 billion through the issuance of fixed-rate retail bonds within the year to finance ongoing and future projects. AboitizPower said yesterday its board has cleared the issuance of up to P30 billion […]
