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Light Rail Manila’s directive is to rehabilitate the 20 stations and train cars of LRT1 in 18 months and extend the line from Baclaran to Bacoor, Cavite By Chrisee Dela Paz Published Mon, Feb 6, 2017 7:14 PM http://www.rappler.com/business/160632-lrt1-doroteo-jose-renovation-lrmc MANILA, Philippines – The group of Metro Pacific Investments Corporation (MPIC) and Ayala Corporation is spending […]
By Jess Diaz (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/08/1670178/house-panel-moves-include-casinos-amla-coverage MANILA, Philippines – The House of Representatives has moved closer to including casinos in the coverage of the Anti-Money Laundering Act (AMLA). Eastern Samar Rep. Ben Evardone, who chairs the committee on banks and financial intermediaries, said yesterday his panel has “agreed […]
By Lawrence Agcaoili (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/business/2017/02/08/1670007/ongpins-leisure-facilityeyes-more-members MANILA, Philippines – The Alphaland City Club of businessman Roberto Ongpin is bullish on its prospects this year, banking on the country’s robust economic growth. Nicholas “Nic” Belasco, general manager of Alphaland City Club, said in an interview the City Club Alphaland […]
Cathy Yang, ABS-CBN News Posted at Feb 07 2017 04:17 PM Updated as of Feb 07 2017 05:11 PM http://news.abs-cbn.com/business/02/07/17/bpos-unlikely-to-leave-ph-due-to-trump-megaworld MANILA – US President Donald Trump’s tough rhetoric is unlikely to drive American companies to shut their outsourced operations in the Philippines, a property developer said Tuesday. Labor costs in the Philippines are equivalent to […]
ABS-CBN News Posted at Feb 07 2017 02:49 PM Updated as of Feb 07 2017 02:59 PM http://news.abs-cbn.com/business/02/07/17/robinsons-to-operate-go-lokal-store-trade-dept MANILA – Robinsons Department Store has agreed to operate Go Lokal! a shop that supports small businessmen, the Department of Trade and Industry said Tuesday. The Go Lokal! shop will open at Robinsons Place Manila in March, […]
Cathy Yang, ABS-CBN News Posted at Feb 07 2017 04:56 PM Updated as of Feb 08 2017 07:48 AM http://news.abs-cbn.com/business/02/07/17/alliance-global-bets-hotel-expansion-on-tourism-boom MANILA – Alliance Global is expanding its hotel portfolio, hoping to cash in on the overhaul of the country’s tourism infrastructure, a company official said Tuesday. Megaworld Corp. is opening Savoy hotels in Manila and […]
By Keith Richard D. Mariano Posted on February 08, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=8990-Holdings-targets-42%-rise-in-profit-as-it-launches-8-projects&id=140300 8990 HOLDINGS, Inc. is targeting a 42% surge in earnings this year, with the launch of eight residential developments previously stuck in the permitting stage, and three other projects expected to deliver P3.7 billion in sales. The listed mass housing developer looks to book […]
ABS-CBN News Posted at Feb 07 2017 06:51 PM http://news.abs-cbn.com/business/02/07/17/land-registration-woes-setting-back-philippine-economy Registering land in the country has proven to be a headache, and this inept system is turning off investors, one expert has said. Ian Lloyd, senior land administration and management specialist at Land Governance Innovations, said only Indonesia and Cambodia are worse than the Philippines […]
By Jess Diaz (The Philippine Star) Updated February 8, 2017 – 12:00am http://www.philstar.com/business/2017/02/08/1670004/house-oks-bill-reducing-estate-tax-uniform-6 MANILA, Philippines – The House of Representatives approved on second reading on Monday night a bill cutting the estate tax to a uniform six percent. The House passed another bill that grants an amnesty in the payment of estate taxes for 2016 […]
US President Donald Trump’s “America first” protectionist policy will inflict losses on the Philippines’ two biggest sources of dollars—the business process outsourcing (BPO) industry and remittances from Filipinos, London-based economic research firm Capital Economics said Friday. “Mexico and China were the focus of Donald Trump’s anti-free trade rhetoric on the campaign trail. But the Philippines […]
