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By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:12 AM February 10, 2017 https://business.inquirer.net/224303/residential-condo-market-rebounds After four straight years of decline, property developers in Metro Manila sold more residential condominium units to homebuyers ahead of completion in 2016, even as they launched fewer projects for preselling, property consulting firm Colliers Philippines said. The rebound was mainly attributed by […]
House Minority Leader Danilo Suarez tells Globe and Smart to address complaints on poor cellphone signal and slow Internet services Mara Cepeda Published 4:15 PM, February 08, 2017 Updated 4:15 PM, February 08, 2017 http://www.rappler.com/nation/160848-poor-globe-smart-signal-congress-can-revoke-telco-franchise-suarez MANILA, Philippines – House Minority Leader Danilo Suarez warned Globe Telecom and Smart Communications that Congress can revoke their franchises […]
Cathy Yang, ABS-CBN News Posted at Feb 08 2017 12:28 PM http://news.abs-cbn.com/business/02/08/17/remittances-may-slow-if-slapped-with-tax-lbc-warns MANILA – Fewer people will send money if government pushes through with its plan to tax remittances, one of the country’s largest cargo and money forwarding services said Wednesday. The levy on overseas and domestic remittances is part of President Rodrigo Duterte’s reform […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:10 AM February 09, 2017 https://business.inquirer.net/224247/psei-ends-lower-investors-await-4th-quarter-profit-reports The local stock barometer weakened for a second straight day Wednesday as investors digested fresh leads from the fourth-quarter local corporate earnings reporting season. The main-share Philippine Stock Exchange index (PSEi) shed 27.82 points or 0.38 percent to close at 7,234.82. Elsewhere in […]
By Lawrence Agcaoili (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670305/phl-vulnerable-shift-us-outsourcing-policy MANILA, Philippines – A shift in US policy under the Trump administration may hit the Philippines’ outsourcing industry, Moody’s Investors Service said yesterday. In a report titled “Challenging Global Environment to Test Asia’s Robust Credit Fundamentals,” Moody’s said significantly reduced US engagement […]
By Richmond Mercurio (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670294/us-firms-will-not-abandon-phl MANILA, Philippines – The Management Association of the Philippines (MAP) believes American companies will not abandon great opportunities present in the Philippines because of US president Donald Trump. Trump made a call to American companies to bring manufacturing back to the US. […]
By Audrey Morallo (philstar.com) Updated February 8, 2017 – 4:11pm http://www.philstar.com/business/2017/02/08/1670264/mining-closures-suspensions-cost-lgus-over-p650m MANILA, Philippines— The Department of Finance estimates that the Department of Environment and Natural Resources order to close or suspend the operations of 28 mines across the country will cost affected local government units over P650 million annually. Based on an initial report by […]
By Imee Charlee C. Delavin Posted on February 09, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Port-cargo-volume-up-12%-in-2016&id=140372 THE VOLUME of cargo passing through the country’s ports rose 12% in 2016, the Philippine Ports Authority (PPA) reported, mainly due to increasing trade and the growing economy. Throughput hit 249.567 million metric tons (MMT) during the year, against the 2015 volume of 223.672 MMT. […]
ABS-CBN News Posted at Feb 08 2017 08:47 PM http://news.abs-cbn.com/business/02/08/17/more-intl-flights-seen-to-fly-out-of-clark MANILA – More international airlines are planning to use Clark airport amid efforts to decongest the Ninoy Aquino International Airport (NAIA), Clark International Airport Corp. president Alexander Cauguiran said Wednesday. The airport is rapidly expanding, recording nearly a million passengers last year with over 6,200 […]
By Richmond Mercurio (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670290/motorcycle-sales-zoom-2016 MANILA, Philippines – The Philippine motorcycle industry continued to race past other markets in Southeast Asia, posting the fastest growth last year. Data from the ASEAN Automotive Federation showed motorcycle sales in the country zoomed 34 percent to 1.14 million units in […]
