ABS-CBN News Posted at Mar 23 2017 11:26 AM http://news.abs-cbn.com/business/03/23/17/manila-is-worlds-92nd-most-expensive-city-the-economist MANILA – The Philippines is the 92nd most expensive city in the world, according to a study by The Economist magazine. Singapore is the world’s most expensive while Alamaty in Kazakhstan is the last expensive out of 133 countries in the publication’s 2017 World Cost […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 07:59 AM March 09, 2017 http://business.inquirer.net/225824/alveo-ayala-lands-biggest-brand-year Property developer Alveo Land plans to bring to the property market a record-high P40 billion worth of inventory this 2017, the year when it will reach a turning point in history to become Ayala Land’s biggest brand in terms of earnings contribution. In […]
By Ian Nicolas P. Cigaral Posted on March 10, 2017 http://www.bworldonline.com/content.php?section=Economy&title=China-firms-keen-on-prison,-integrated-city-PPP-projects&id=141998 SOME Chinese companies are “interested” in public-private partnership (PPP) projects in the Philippines particularly in building “integrated” cities and developing regional prison facilities here. In a press briefing at Malacañang on Thursday, PPP Center Executive Director Ferdinand A. Pecson said that while his agency has […]
ABS-CBN News Posted at Mar 09 2017 05:48 PM http://news.abs-cbn.com/business/03/09/17/50-infrastructure-projects-worth-p472-b-in-the-works-ppp-center MANILA – The Public-Private Partnership Center has 50 projects worth over P470 billion planned for the next few years, the head of the infrastructure agency said Thursday. The projects include five regional airports and the construction of the North Luzon Expressway and South Luzon Expressway […]
ABS-CBN News Posted at Feb 27 2017 11:01 AM http://news.abs-cbn.com/business/02/27/17/eco-tourism-is-doable-in-philippines-tour-operator MANILA – The Philippines seeks to grow tourist arrivals while preserving the environment and reversing destruction wrought in the past, one of the country’s largest tour operators said Monday. Mangroves are being replanted across the country, dynamite fishers have been retooled as whale-watching guides, and […]
By Czeriza Valencia (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676353/green-projects-seen-fill-job-losses-mine-closures MANILA, Philippines – Job losses from mine closures can be easily replaced by green projects approved by the environment department, said Socioeconomic Planning Secretary Ernesto Pernia. While there is still no full tally of the total number of workers to be affected […]
HB 4903 also seeks to simplify the donor’s tax rate for gifts worth more than P100,000 to 6% Mara Cepeda Published 7:00 PM, February 27, 2017 Updated 7:00 PM, February 27, 2017 http://www.rappler.com/nation/162729-house-approves-bill-exempting-gifts-donors-tax MANILA, Philippines – The House of Representatives approved on 3rd and final reading a bill seeking to exempt gifts worth P100,000 and […]
Weakness traced to political uncertainty in PH, interest rate direction and Trump speech in US By: Ben O. de Vera Philippine Daily Inquirer 12:12 AM February 28, 2017 http://business.inquirer.net/225376/peso-hits-fresh-10-year-low-50-271 Uncertainty in local politics coupled with the global markets’ anticipation of US President Trump’s first speech before the US Congress pulled the peso to a new […]
By Mary Grace Padin (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676344/mixed-results-t-bill-auction MANILA, Philippines – Interest rates on Treasury bills (T-bills) were mixed in yesterday’s auction amid strong demand from participating banks. The benchmark 91-day T-bills fetched a rate of 2.36 percent, 10.8 basis points higher than the previous yield of 2.252 percent. […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:02 AM February 28, 2017 http://business.inquirer.net/225358/psei-ends-lower-local-bourse-tracks-regional-weakness The local stock barometer slipped Monday, tracking a regional downturn ahead of a closely monitored speech by US President Donald Trump. Slipping for the second session in a row, the Philippine Stock Exchange index (PSEi) lost 26.52 points or 0.37 percent to close […]