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By AP (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670684/us-judge-blocks-anthem-cigna-merger SACRAMENTO, Calif. – A federal judge on Wednesday rejected Anthem Inc.’s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation. US District Judge Amy Berman Jackson said the merger would […]
Philippine Daily Inquirer 12:28 AM February 10, 2017 https://business.inquirer.net/224315/bsp-raises-inflation-forecasts-2017-2018 Inflation this year and next year are expected to pick up faster than earlier expected due to higher oil prices as well as a weaker peso, Bangko Sentral ng Pilipinas officials said Thursday. During the meeting of the Monetary Board, the BSP’s highest policymaking body, the […]
By Lawrence Agcaoili (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670656/bsp-keeps-rates-steady MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) yesterday kept its monetary policy unchanged, as expected, despite the growing upward pressure on inflation as well as the challenging global economic environment. BSP officer-in-charge Nestor Espenilla Jr. said the central bank’s Monetary […]
By Mary Grace Padin (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670673/business-groups-press-passage-tax-reforms MANILA, Philippines – A group of foreign and local business organizations is urging the government to swiftly approve the Comprehensive Tax Reform Program (CTRP) and 11 other legislative proposals aimed at improving the business climate to sustain the growth momentum and […]
Christine Murray and Alexandra Alper, Reuters Posted at Feb 09 2017 11:06 AM http://news.abs-cbn.com/business/02/09/17/high-spirits-as-mexicos-jose-cuervo-prices-ipo-at-top-of-range-sources MEXICO CITY – The initial public offering for tequila maker Jose Cuervo priced at the top of the expected range at 34 pesos per share, two people said on Wednesday, marking the first Mexican IPO since Donald Trump won the US […]
By Louise Maureen Simeon (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670676/sl-agritech-defers-p8-b-public-offer MANILA, Philippines – Hybrid rice and seeds producer SL Agritech Corp. has pushed back its planned initial public offering to early next year to raise as much as P8 billion, its top official said. SL Agritech chairman and CEO Henry Lim […]
By the staff 12:32 AM February 10, 2017 https://business.inquirer.net/224317/biz-buzz-fake-infra-news Infrastructure firm Citra recently announced that it was expanding its toll assets and other infrastructure-related businesses here and in Indonesia. In the Philippines, it has submitted an unsolicited proposal for the P50-billion, 17.7-kilometer Manila-Taguig Expressway. In Indonesia, it said it would raise as much as $3.8 […]
By Danessa Rivera (The Philippine Star) Updated February 9, 2017 – 12:00am http://www.philstar.com/business/2017/02/09/1670299/pnoc-keen-lng-hub-batangas MANILA, Philippines – State-run Philippine National Oil Co. (PNOC) is keen on pursuing plans to develop liquefied natural gas (LNG) facilities in its property in Mabini, Batangas, its top official said. The Mabini property is the most practical and pragmatic location to […]
By Louella Desiderio (The Philippine Star) Updated February 10, 2017 – 12:00am http://www.philstar.com/business/2017/02/10/1670672/globe-paypal-tie MANILA, Philippines – Globe Telecom Inc. and digital payments provider PayPal have forged a partnership to enable freelancers and businesses to easily withdraw funds. With this partnership, micro, small and medium enterprises (MSMEs) and freelancers in the country now have a platform […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 02:21 PM February 09, 2017 https://business.inquirer.net/224282/ayala-invests-medgrocer The Ayala group has expanded its footprint in the healthcare space by investing in MedGrocer, a local start-up ePharmacy service provider. In a disclosure to the Philippine Stock Exchange on Thursday, Ayala Corp. said its wholly-owned unit Ayala Healthcare Holdings Inc. (AC Health) […]
