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Weakness traced to political uncertainty in PH, interest rate direction and Trump speech in US By: Ben O. de Vera Philippine Daily Inquirer 12:12 AM February 28, 2017 http://business.inquirer.net/225376/peso-hits-fresh-10-year-low-50-271 Uncertainty in local politics coupled with the global markets’ anticipation of US President Trump’s first speech before the US Congress pulled the peso to a new […]
By Mary Grace Padin (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676344/mixed-results-t-bill-auction MANILA, Philippines – Interest rates on Treasury bills (T-bills) were mixed in yesterday’s auction amid strong demand from participating banks. The benchmark 91-day T-bills fetched a rate of 2.36 percent, 10.8 basis points higher than the previous yield of 2.252 percent. […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:02 AM February 28, 2017 http://business.inquirer.net/225358/psei-ends-lower-local-bourse-tracks-regional-weakness The local stock barometer slipped Monday, tracking a regional downturn ahead of a closely monitored speech by US President Donald Trump. Slipping for the second session in a row, the Philippine Stock Exchange index (PSEi) lost 26.52 points or 0.37 percent to close […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 08:36 AM February 27, 2017 http://business.inquirer.net/225332/tax-reform-seen-push-psei-beyond-8000 Enacting the tax reform program this year is the key catalyst that would bring the Philippines to a new economic “supercycle” that could lift the main stock barometer beyond the 8,000, the chief of BPI Securities said. Michaelangelo Oyson, in an investors briefing […]
By Richmond Mercurio (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676367/cement-sales-rise-6.6-2016 MANILA, Philippines – The local cement industry finished 2016 with higher sales despite a slowdown in the fourth quarter due to unfavorable weather conditions. The Cement Manufacturers Association of the Philippines (CeMAP) said cement sales last year rose 6.6 percent to 25.96 […]
ABS-CBN News Posted at Feb 27 2017 07:43 PM http://news.abs-cbn.com/business/02/27/17/gas-prices-to-go-down-diesel-up-on-tuesday MANILA (UPDATE) – Gasoline prices will go down while diesel prices will go up on Tuesday, oil companies said Monday. Petron, Shell Philippines, SEAOIL, and Flying V said prices of gasoline will go down by P0.40 per liter while diesel prices will go up by […]
By Imee Charlee C. Delavin Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Economy&title=PPA-says-options-open-for-Sasa-port&id=141349 THE GOVERNMENT is still open to “any privatization” option for the Sasa Port redevelopment after the project is withdrawn from the list of public-private partnership (PPP) projects approved by the previous administration’s National Economic and Development Authority (NEDA) Board. The Philippine Ports Authority (PPA) […]
By Louella Desiderio (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676346/new-timeline-regl-airports-ppp-released MANILA, Philippines – The Department of Transportation (DOTr) has released the indicative timeline for the development, operations and maintenance of the P108 billion regional airports project under the public-private partnership (PPP) program, with the submission of qualification documents scheduled in April, and […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:07 AM February 28, 2017 http://business.inquirer.net/225368/p321-m-coconut-processing-plant-rise-palawan Lionheart GPPAC Farmers Corp. will soon build a P321-million coconut processing plant integrated with a hybrid coconut plantation in Palawan, the Board of Investments (BOI) said on Monday. In a statement, the BOI said the project was approved under the Investment […]
By Keith Richard D. Mariano Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Century-Properties-targets-first-time-homebuyers-&id=141361 CENTURY PROPERTIES Group, Inc. is launching its residential line catering to first-time homebuyers within the second quarter, as it expands its portfolio consisting mostly of luxury and mid-priced condominiums in Metro Manila. The listed property developer made the announcement about three months after partnering […]
