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Ayala Land enters co-working space biz

By Krista Angela M. Montealegre Posted on March 18, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Ayala-Land-enters-co-working-space-biz&id=142370 PROPERTY giant Ayala Land, Inc. (ALI) has ventured into the development of co-working spaces through Clock In, riding on the robust demand from start-up companies and freelancers. Francis D. Roxas, head of operations and leasing at Ayala Land Offices, said in a briefing late […]

Philippines: STI to raise $99m; Century Pacific debuts on FTSE Apac index

Philippines: STI to raise $99m; Century Pacific debuts on FTSE Apac index

Tomas S. Noda III March 13, 2017 http://www.dealstreetasia.com/stories/philippines-sti-to-raise-99m-century-pacific-debuts-in-asia-pacific-equity-market-67316/ STI Education Systems Holdings Inc is aiming to raise up to $99.3 million (P5 billion) via bond sale while Century Pacific Food Inc (CNPF) has made its debut on the Asia-Pacific equity market. Century Pacific debuts on Asia-Pacific equity market Century Pacific Food Inc (CNPF), the Philippines’ […]

15 big-ticket infra projects lined up for loan financing

By Czeriza Valencia (The Philippine Star) Updated March 14, 2017 – 12:00am http://www.philstar.com/business/2017/03/14/1680786/15-big-ticket-infra-projects-lined-loan-financing MANILA, Philippines – The National Economic and Development Authority (NEDA) has lined up 15 big-ticket infrastructure projects for loan financing, three of which are planned to be implemented within the first three years of the Duterte administration. To be prioritized in securing […]

Luxury Anya Resort to open in Tagaytay in April

Luxury Anya Resort to open in Tagaytay in April

By Keith Richard D. Mariano Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Luxury-Anya-Resort-to-open-in-Tagaytay-in-April&id=141961 ROXACO LAND Corp. is opening its first luxury resort under the Anya brand next month, paving the way for the development of vertical residences worth around P1.2 billion within the same property in Tagaytay City. In a media briefing in Makati City on Thursday, the […]

Venezuela is down to its last $10 billion

by Patrick Gillespie   @CNNMoney March 1, 2017: 12:09 PM ET http://money.cnn.com/2017/03/01/news/economy/venezuela-cash/index.html?section=money_topstories Venezuela only has $10.5 billion in foreign reserves left, according to its most recent central bank data. For rest of the year, Venezuela owes roughly $7.2 billion in outstanding debt payments. In 2011, Venezuela had roughly $30 billion in reserves. In 2015, it […]

Fed trumps Trump as dollar, US Treasury yields soar

Jemima Kelly, Reuters Posted at Mar 01 2017 06:37 PM http://news.abs-cbn.com/business/03/01/17/fed-trumps-trump-as-dollar-us-treasury-yields-soar LONDON – The dollar and U.S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S. President Donald Trump’s first speech to Congress and more on what they see as a growing chance of a U.S. interest rate hike […]

FAST FACTS: Main points of Trump’s speech to U.S. Congress

Here are the main points of US President Donald Trump’s first speech to the US Congress, outlining his ambitious agenda By Rappler.com Published Wed, Mar 1, 2017 1:30 PM http://www.rappler.com/world/regions/us-canada/162879-fast-facts-trump-speech-congress-main-points WASHINGTON DC – US President Donald Trump outlined an ambitious agenda for his government Tuesday, February 28 (Wednesday, March 1 in Manila), during an address […]

House OKs death penalty

By Delon Porcalla (The Philippine Star) Updated March 2, 2017 – 12:00am http://www.philstar.com/headlines/2017/03/02/1677123/house-oks-death-penalty MANILA, Philippines – Stiff resistance put up by pro-life lawmakers failed to stop the House of Representatives from approving on second reading last night the measure restoring the death penalty, but only for drug offenses. The approval of a controversial measure pushed […]

Duterte signs Paris climate deal

(UPDATED) The Office of the President submits the signed ‘Instrument of Accession’ to the Senate for concurrence on Wednesday, March 1 Pia Ranada Published 8:19 AM, March 01, 2017 Updated 3:47 PM, March 01, 2017 http://www.rappler.com/nation/162865-duterte-signs-paris-agreement-climate-change MANILA, Philippines (UPDATED) – Despite his misgivings, President Rodrigo Duterte has signed the Paris Agreement on Climate Change. Executive […]

Luzon placed on second-highest power alert

ABS-CBN News Posted at Mar 01 2017 11:57 AM Updated as of Mar 01 2017 02:21 PM http://news.abs-cbn.com/business/03/01/17/luzon-placed-on-second-highest-power-alert MANILA – (UPDATE) The second highest alert was raised in Luzon on Wednesday due to thin power reserves, the Department of Energy said. The “yellow alert,” which means reserves have dipped below the required level, was in […]