We are pleased to announce that the 1st quarter 2017 property market report is now available. Commercial real estate services company Colliers International, in a recently released report, identified key issues and opportunities in the Philippine property market particularly in office, residential, and retail segments. Metro Manila office net take up reached 81,400 sq m of […]
SPYBITS By Babe G. Romualdez (The Philippine Star) Updated May 11, 2017 – 12:00am http://www.philstar.com/business/2017/05/11/1698677/tourism-could-go-down-year One of the most popular destinations among domestic and foreign tourists is Palawan, which made it to the top 15 of Travel and Leisure’s “World’s Friendliest Islands” list. However, the US Embassy recently issued a travel advisory — warning its […]
P10-a-liter excise tax included in first package of tax reforms By: Ben O. de Vera Philippine Daily Inquirer 12:42 AM May 11, 2017 http://business.inquirer.net/229273/tax-sugar-laden-drinks-set Sugar-sweetened drinks will soon be slapped a P10-a-liter excise tax as the House ways and means committee has included the measure in its revised substitute bill containing the first package of […]
By Delon Porcalla (The Philippine Star) Updated May 11, 2017 – 12:00am http://www.philstar.com/headlines/2017/05/11/1698862/house-panel-oks-bill-national-id-system MANILA, Philippines – A committee of the House of Representatives unanimously approved yesterday the proposed establishment of a national ID system. The administration measure got the go signal from the House committee on population and family relations headed by Laguna Rep. Sol […]
The rollout of the new driver’s license will start in August, the Land Transportation Office says Camille Elemia Published 8:07 PM, May 09, 2017 Updated 6:47 AM, May 10, 2017 http://www.rappler.com/nation/169379-senate-driver-license-validity-5-years MANILA, Philippines – The bill seeking to extend the validity of driver’s licenses from 3 to 5 years has hurdled the committee level and […]
By: BEN O. DE VERA Philippine Daily Inquirer 12:40 AM May 11, 2017 http://business.inquirer.net/229271/net-foreign-investments-11-1st-2-months Net inflows of job-generating foreign direct investments (FDIs) jumped 11 percent to $1.05 billion at the end of the first two months on sustained investor confidence in the economy, the Bangko Sentral ng Pilipinas said yesterday. The end-February FDIs exceeded a year […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:24 AM May 11, 2017 http://business.inquirer.net/229256/psei-back-7700-level-investors-look-profit-recent-plays The stock barometer slid back to the 7,700 level on Wednesday as domestic investors mostly pocketed recent gains while foreign players scouted for bargains. The main-share Philippine Stock Exchange index (PSEi) tumbled by 129.33 points or 1.63 percent to close at 7,794.17 as […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 06:40 AM May 11, 2017 http://business.inquirer.net/229278/pse-oks-eagles-p9-2b-ipo The Philippine Stock Exchange approved on Wednesday an initial public offering of up to P9.2 billion planned by Eagle Cement Corp., one of the country’s leading cement-makers. Eagle plans to sell 500 million common shares by way of primary offer for up to […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 05:25 PM May 10, 2017 http://business.inquirer.net/229232/pse-oks-cebu-landmasters-p3-8b-ipo The Philippine Stock Exchange has approved the initial public offering (IPO) of as much as P3.8 billion planned this month by Cebu Landmasters Inc., Metro Cebu’s leading housing developer. In an offering circular from the PSE, Cebu Landmaster’s offering will run from May […]
ABS-CBN News Posted at May 10 2017 12:22 PM http://news.abs-cbn.com/business/05/10/17/uber-offers-6-seater-vehicles MANILA – Ride-sharing app Uber on Tuesday announced it was rolling out an option that lets users book vehicles that can carry up to six passengers. Starting Friday, May 12, users can request an AUV through UberXL, which would be cheaper than booking two UberX […]