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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 […]
http://www.philstar.com/business/2017/02/04/1668760/pcc-reviewing-overall-competition-landscape MANILA, Philippines – The Philippine Competition Commission (PCC) is completing a review of the country’s overall competition landscape to ensure industries and businesses do not fall victim to anti-competitive behaviors. Under the National Competition Policy Review, the PCC is seeking to identify the various anti-competitive practices in different sectors of the economy, as well […]
http://www.bworldonline.com/content.php?section=Finance&title=Yields-flat-on-dovish-Fed&id=140146 YIELDS on government securities (GS) ended almost flat last week on “dovish” Federal Reserve statements on its planned interest rate hikes this year and expectations of upbeat non-farm payrolls data. Bond yields, which move opposite to prices, increased by an average of 2.86 basis points (bps) week on week, according to data from the […]
http://www.bworldonline.com/content.php?section=Finance&title=Rates-of-3-year-bonds-to-climb&id=140147 TREASURY BONDS (T-bonds) on offer tomorrow are expected to fetch higher yields, tracking the direction of US Treasuries, mainly due to negative market sentiment caused by political noise abroad as well as domestic concerns on cash supply and the normalization of inflation. The government plans to raise as much as P15 billion in tomorrow’s […]
http://www.philstar.com/business/2017/02/06/1669377/index-may-hover-between-7000-and-7400-week MANILA, Philippines – The benchmark Philippine Stock Exchange index is expected to hover between 7,000 and 7,400 as market investors continue to wait for fresh leads, possibly coming from corporate earnings results for 2016, analysts said. “Chartwise, the week’s close at 7,226.70 continue to suggest the market to range between 7,000 and 7,400 levels […]
http://www.bworldonline.com/content.php?section=Corporate&title=SMC-acquires-Australia%E2%80%99s-Portavin-in-overseas-push&id=140141 DIVERSIFIED conglomerate San Miguel Corp. is expanding its packaging business overseas further with another acquisition: Portavin Holdings Pty. Ltd. of Australia. In a statement issued over the weekend, the Philippine conglomerate announced its international business San Miguel Yamamura Packaging International Ltd. (SMYPIL) has purchased 100% of shares in Portavin. SMYPIL, through its subsidiary San […]
https://business.inquirer.net/224109/ngcp-vows-unified-power-grid-2020 The National Grid Corporation of the Philippines has completed the first step toward unifying the nation’s three power grids after a recently conducted hydrographic survey found the country’s western seaboard suitable for the laying of a Visayas-Mindanao submarine power cable. This route—beginning in Cebu and terminating in Dipolog and slated to cost the company […]
https://business.inquirer.net/224115/gsis-profit-hits-p57b-eyes-investments-renewable-energy The Government Service Insurance System (GSIS) profit rose by over a fifth to P57 billion last year as revenues rose on improved market conditions. But the state-run pension fund will not rest on its laurels as it eyes more investments in infrastructure, especially renewable power projects, to sustain its fund life. GSIS officer-in-charge Nora […]
http://www.philstar.com/business/2017/02/06/1669381/pure-energy-eyes-500-mw-5-years MANILA, Philippines – Pure Energy Holdings Corp. is eyeing more investments in the renewable energy sector – apart from hydropower ventures – as it looks to have a 500 megawatts (MW) of total capacity in five years, company officials said. Pure Energy is looking at forming a basket of renewable energy projects such as […]
http://www.philstar.com/business/2017/02/05/1669096/dmci-bags-mindoro-transmission-upgrade MANILA, Philippines – DM Consunji Inc. and SL Development Construction Corp. have bagged contracts to upgrade transmission line projects in Mindoro to improve the reliability and reduce systems loss in the island. DM Consunji Inc. won the bid for the rehabilitation of the 69kV 44 kilometer Calapan–Bansud transmission line, expansion of the Bansud and […]
