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By: Miguel R. Camus Philippine Daily Inquirer 03:45 PM February 15, 2017 http://business.inquirer.net/224608/dotr-reviews-san-miguels-p700b-bulacan-airport MANILA — Conglomerate San Miguel Corp.’s new international “aerotropolis” in Bulacan province would cost about P700 billion to build and can be completed within six years. Those were some of the details revealed on Wednesday by Department of Transportation (DOTr) Undersecretary Roberto […]
By DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:28 AM February 16, 2017 http://business.inquirer.net/224633/ayala-land-nets-p20b Property giant Ayala Land Inc. breached the P20-billion profit milestone last year, as the double-digit expansion in earnings from residential development and mall operations brought net profit to a new record. ALI grew its net profit last year by 19 percent to P20.9 billion. […]
By Catherine Talavera (The Philippine Star) Updated February 16, 2017 – 12:00am http://www.philstar.com/business/2017/02/16/1672580/ayala-leisure-unit-spending-p15-b-9-new-seda-hotels MANILA, Philippines – The hotel and resorts arm of Ayala Land Inc. is spending P15 billion over the next two years for the development of nine hotels under its Seda brand. In a media briefing yesterday, Seda group director for sales and […]
By Iris Gonzales (The Philippine Star) Updated February 16, 2017 – 12:00am http://www.philstar.com/business/2017/02/16/1672585/megaworld-expand-san-antonio-residence-project MANILA, Philippines – Megaworld Corp. is expanding San Antonio Residence, its upscale residential project in Makati City. The company will add 478 additional units that will comprise the development’s “East Wing.” According to the plan, the East Wing will feature the Morning […]
By Edu Punay (The Philippine Star) Updated February 21, 2017 – 12:00am http://www.philstar.com/business/2017/02/21/1674204/thailand-gears-level-4-upgrade BANGKOK – Thailand has geared up for another economic upgrade – a fourth one designed to put it at the center of the Southeast Asian region. Prime Minister Gen. Prayut Chan-o-cha said Thailand 4.0, an economic model focusing on innovation-driven economy especially […]
By E.J.C. Tubayan Posted on February 21, 2017 http://www.bworldonline.com/content.php?section=Economy&title=ADB-says-reforms-will-make-taxation-more-progressive,-sustain-growth&id=140984 THE Asian Development Bank (ADB) said the focus of tax reforms on increasing the excise on key goods will make the system less regressive, helping improve the business environment while sustaining growth. In a recent meeting with Finance Secretary Carlos G. Dominguez III, ADB President Takehiko Nakao […]
By Raynan F. Javil Posted on February 21, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Employers-say-profit-sharing-proposal-hurts-small-businesses&id=140985 THE Employers’ Confederation of the Philippines (ECoP) said a proposal to enact into law profit sharing will hurt the country’s micro, small and medium-sized enterprises (MSMEs) Under House Bill 2625, filed by Buhay party-list Rep. Jose Lito L. Atienza, all profitable businesses are required to annually […]
By: Ben O. de Vera Philippine Daily Inquirer 05:52 PM February 20, 2017 http://business.inquirer.net/224902/peso-weakens-50-231 MANILA — The peso on Monday further weakened against the US dollar, closing at 50.23:$1 to fall to over 10-year low again. At the Philippine Dealing System, the peso hit an intraday low of 50.23:$1 and a high of 50.05:$1 after […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:08 AM February 21, 2017 http://business.inquirer.net/224942/local-investors-push-market-higher-bullish-sentiment-wall-street The local stock barometer firmed up Monday as investors took heart from buoyant sentiment in Wall Street. The main-share Philippine Stock Exchange index (PSEi) added 36.4 points or 0.5 percent to close at 7,281.19. “The PSEi aligned with US markets, which rose to […]
By Danessa Rivera (The Philippine Star) Updated February 21, 2017 – 12:00am http://www.philstar.com/business/2017/02/21/1674203/doe-pushes-info-drive-wesm-mindanao MANILA, Philippines – The Department of Energy (DOE) is strengthening its information campaign in pushing for the Wholesale Electricity Spot Market (WESM) in Mindanao. The DOE has been conducting preparatory activities for the launch of WESM Mindanao, in coordination with the Philippine […]
