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By: Fe Marie Dumaboc Inquirer Visayas 06:40 AM February 21, 2017 http://business.inquirer.net/224961/cebu-city-assures-filinvest-land-refund-cancelled-land-deal CEBU CITY — Cebu City Mayor Tomas Osmeña has assured Filinvest Land, Inc. (FLI) of a refund after it withdrew from a deal for the purchase of the 19.2-hectare lot at the South Road Properties (SRP). FLI senior vice president for VisMin Tristan […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 03:10 AM February 21, 2017 http://business.inquirer.net/224946/filinvest-backs-p6-76-b-cebu-project The Gotianun-led Filinvest consortium has backed out of a P6.76-billion deal to buy a 19.2-hectare reclaimed property from Cebu City, citing the local government unit’s failure to deliver its end of the bargain. In a disclosure to the Philippine Stock Exchange on Monday, […]
By Delon Porcalla (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/14/1672097/house-oks-10-year-passport-validity MANILA, Philippines – The House of Representatives voted last night to approve on third and final reading a measure that seeks to extend the current five-year validity of Philippine passports to 10 years. Presided over by House Deputy Speaker Sharon Garin, 216 […]
By Delon Porcalla (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/14/1672087/house-approves-amnesty-tax-bills MANILA, Philippines – The House of Representatives last night approved on third and final reading two consolidated measures seeking to grant amnesty in the payment of estate taxes and simplifying the estate tax rate. These are House Bill 4814 or the proposed […]
By Janine Marie D. Soliman with Reuters Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Peso-slips-as-market-seeks-leads&id=140578 THE PESO slid against the dollar yesterday as investors were on a wait-and-see mode for the US administration’s revelation of its “phenomenal” tax reform plan amid a lack of leads. The local unit closed at P49.92 versus the greenback on Monday, six centavos […]
By Janine Marie D. Soliman Posted on February 14, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Yields-on-T-bills-climb-on-rate-hike-fears&id=140580 THE GOVERNMENT raised only P10.36 billion from its auction of Treasury bills (T-bills) yesterday after it decided to partially award all three tenors despite strong demand as banks asked for higher returns due to market cautiousness over faster domestic inflation and global uncertainties. The […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:06 AM February 14, 2017 https://business.inquirer.net/224530/local-stocks-start-week-higher-encouraging-news-u-s-china The local stock barometer started the week on an upbeat note, tracking an upswing in US and regional markets driven by investors’ optimism on US President Trump’s tax reform plan and his recent meeting with Japan Prime Minister Abe. The Philippine Stock Exchange […]
By Iris Gonzales (The Philippine Star) Updated February 14, 2017 – 12:00am http://www.philstar.com/business/2017/02/14/1671913/mighty-mulls-ipo MANILA, Philippines – Mighty Corp., the Bulacan-based cigarette company owned and operated by Filipino-Chinese businessmen Ceasar and Alex Wongchuking, is considering embarking on an initial public offering (IPO). “Going public, that’s one of the options we’re considering but there’s no decision on […]
ABS-CBN News Posted at Feb 13 2017 11:15 AM http://news.abs-cbn.com/business/02/13/17/audiowav-eyes-china-southeast-asia-with-p266-b-ipo MANILA – Technology company AudioWav Media Inc. said it was targeting expansion in China and Southeast Asia with its initial public offering scheduled next month, where it hopes to raise as much as P2.66 billion. AudioWav curates audio, visuals and scents for retail spaces to […]
By: Ronnel W. Domingo Philippine Daily Inquirer 12:03 AM February 14, 2017 https://business.inquirer.net/224524/maynilad-invests-p4b Maynilad Water Services is investing P4 billion this year in its nonrevenue program to further cut down losses due to leaks, illegal taps and faulty metering. Of the amount, P2.7 billion is allotted for pipe replacements in Quezon City, Navotas, Valenzuela, Pasay, […]
