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Chinese firms scout Philippine prospects in Cebu summit By Richmond Mercurio (The Philippine Star) Updated April 5, 2017 – 12:00am MANILA, Philippines – More Chinese companies want to take part in the country’s growing economy as close to 100 investors will participate in the 12th ASEAN Finance Ministers’ Investors Seminar in Cebu this week […]

Daily News

Avida Land eyes P3.6 B sales By Iris Gonzales (The Philippine Star) Updated March 30, 2017 – 12:00am MANILA, Philippines –  Avida Land, the middle-income housing subsidiary of property giant Ayala Land Inc., is targeting P3.6 billion in sales from its projects in South Luzon. The company launched the second phase of the 21-hectare […]

BSP extends deadline for exchanging old bills to June 30

By: Ben O. de Vera Philippine Daily Inquirer 06:42 PM March 23, 2017 Due to public clamor, the Bangko Sentral ng Pilipinas has extended to June 30 the deadline for those who still have in their possession old banknotes launched over two decades ago to exchange their old bills before they ultimately lose value. […]

Call centers cite growth, more jobs in PH

By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:14 AM March 24, 2017 The call center sector is expected to hit about $20.4 billion in revenues in the next six years, accounting for over half of the total target of the information technology and business process management (IT-BPM) industry. This was just a conservative […]

Bloomberry back to profitability

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:15 PM March 23, 2017 Solaire Resort & Casino developer and operator Bloomberry Resorts Corp. chalked up a net profit of P2.23 billion last year, a turnaround from P3.37 billion net loss in the previous year, on the back of record gaming volumes and revenues. In a press […]

P30-B retail T-bonds up for Public auction

By Mary Grace Padin (The Philippine Star) Updated March 24, 2017 – 12:00am MANILA, Philippines –  The government will sell P30 billion in three-year retail treasury bonds (RTB) to the general investing public next week, the Bureau of the Treasury (BTr) announced yesterday. The three-year fixed retail bonds will be offered to small investors […]

PSEi climbs back to 7,300

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:21 PM March 23, 2017 The local stock barometer bounced back to the 7,300 level on Thursday as investors scouted for bargains while global equities stabilized after a recent sell-off. The main-share Philippine Stock Exchange index recouped 46.1 points or 0.64 percent to close at 7,301.03, tracking rebound […]

Citylink buses tap beep cards

By Louella Desiderio (The Philippine Star) Updated March 24, 2017 – 12:00am MANILA, Philippines –  Citylink buses plying the Newport City to Eastwood City route and vice-versa are now accepting the beep card as payment for distance-based fare, AF Payments Inc. (AFPI) said. “We have added another reason for Filipinos to own and enjoy […]

3 infra projects shift to ODA funding

By Czeriza Valencia (The Philippine Star) Updated March 24, 2017 – 12:00am MANILA, Philippines –  As more government-to-government financing options become available for local infrastructure projects, the Investment Coordination Committee (ICC) of the National Economic and Development Authority (NEDA) has shifted the financing mode for three major infrastructure projects to official development assistance (ODA). […]

LRT-MRT common station gets Neda body OK

By: Ed Margareth Barahan 04:52 PM March 23, 2017 The National Economic and Development Authority’s (Neda) investment coordinating body on Thursday approved the configuration for the common station project which would connect the Metro Rail Transit (MRT) line 3, the Light Rail Transit (LRT) line 1 and the soon-to-rise MRT line 7 together. […]