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By Janine Marie D. Soliman with Reuters Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Peso-slips-as-market-seeks-leads&id=140578 THE PESO slid against the dollar yesterday as investors were on a wait-and-see mode for the US administration’s revelation of its “phenomenal” tax reform plan amid a lack of leads. The local unit closed at P49.92 versus the greenback on Monday, six centavos […]
By Janine Marie D. Soliman Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Yields-on-T-bills-climb-on-rate-hike-fears&id=140580 THE GOVERNMENT raised only P10.36 billion from its auction of Treasury bills (T-bills) yesterday after it decided to partially award all three tenors despite strong demand as banks asked for higher returns due to market cautiousness over faster domestic inflation and global uncertainties. The […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:06 AM February 14, 2017 https://business.inquirer.net/224530/local-stocks-start-week-higher-encouraging-news-u-s-china The local stock barometer started the week on an upbeat note, tracking an upswing in US and regional markets driven by investors’ optimism on US President Trump’s tax reform plan and his recent meeting with Japan Prime Minister Abe. The Philippine Stock Exchange […]
By Iris Gonzales (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/business/2017/02/14/1671913/mighty-mulls-ipo MANILA, Philippines – Mighty Corp., the Bulacan-based cigarette company owned and operated by Filipino-Chinese businessmen Ceasar and Alex Wongchuking, is considering embarking on an initial public offering (IPO). “Going public, that’s one of the options we’re considering but there’s no decision on […]
ABS-CBN News Posted at Feb 13 2017 11:15 AM http://news.abs-cbn.com/business/02/13/17/audiowav-eyes-china-southeast-asia-with-p266-b-ipo MANILA – Technology company AudioWav Media Inc. said it was targeting expansion in China and Southeast Asia with its initial public offering scheduled next month, where it hopes to raise as much as P2.66 billion. AudioWav curates audio, visuals and scents for retail spaces to […]
By: Ronnel W. Domingo Philippine Daily Inquirer 12:03 AM February 14, 2017 https://business.inquirer.net/224524/maynilad-invests-p4b Maynilad Water Services is investing P4 billion this year in its nonrevenue program to further cut down losses due to leaks, illegal taps and faulty metering. Of the amount, P2.7 billion is allotted for pipe replacements in Quezon City, Navotas, Valenzuela, Pasay, […]
By Imee Charlee C. Delavin Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=ICTSI:-End-of-Brunei-contract-won%E2%80%99t-affect-financial-performance&id=140617 PORT GIANT International Container Terminal Services, Inc. (ICTSI) said the expiration of its contract to operate the Brunei port will have minimal effect to its financial performance. ICTSI Senior Vice-President for Asia Pacific Christian R. Gonzalez said the listed port operator owned by tycoon […]
RG Cruz, ABS-CBN News Posted at Feb 14 2017 02:16 AM http://news.abs-cbn.com/business/02/13/17/dof-says-cars-will-be-affordable-despite-excise-tax MANILA – Finance Secretary Carlos Dominguez on Monday said an excise tax on vehicles won’t make all automobiles beyond affordable. “Most expensive cars will be charged higher excise rates to ensure progressively. When taken as part of the package, most cars will still […]
By: Miguel R. Camus Philippine Daily Inquirer 12:04 AM February 14, 2017 https://business.inquirer.net/224528/mactan-intl-airport-eyes-links-australia-europe The country’s second-busiest air gateway, the Mactan Cebu International Airport, wants a bigger slice of the international market, eyeing links to Australia and Europe in the next two years. The airport, where a brand new terminal will open by 2018, also wants […]
By Louella Desiderio (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/business/2017/02/14/1671907/cebu-airport-targets-12-hike-passenger-arrivals-year MANILA, Philippines – The operator of the Mactan-Cebu International Airport (MCIA) is aiming for a 12 percent increase in passenger arrivals at the airport this year amid efforts to promote the opening of new routes. In a statement yesterday, GMR-Megawide Cebu Airport […]
