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  3. February

February 2017

Eco-tourism is doable in Philippines: tour operator

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 […]

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Green projects seen to fill up job losses from mine closures

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 […]

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House approves bill exempting gifts worth P100k from donor’s tax

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 […]

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Peso hits fresh 10-year low of 50.27:$1

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 […]

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Mixed results in T-bill auction

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. […]

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PSEi ends lower as local bourse tracks regional weakness

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 […]

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Tax reform seen to push PSEi beyond 8,000

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 08:36 AM February 27, 2017 http://business.inquirer.net/225332/tax-reform-seen-push-psei-beyond-8000 Enacting the tax reform program this year is the key catalyst that would bring the Philippines to a new economic “supercycle” that could lift the main stock barometer beyond the 8,000, the chief of BPI Securities said. Michaelangelo Oyson, in an investors briefing […]

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Cement sales rise 6.6% in 2016

By Richmond Mercurio (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676367/cement-sales-rise-6.6-2016 MANILA, Philippines – The local cement industry finished 2016 with higher sales despite a slowdown in the fourth quarter due to unfavorable weather conditions. The Cement Manufacturers Association of the Philippines (CeMAP) said cement sales last year rose 6.6 percent to 25.96 […]

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Gas prices to go down, diesel up on Tuesday

ABS-CBN News Posted at Feb 27 2017 07:43 PM http://news.abs-cbn.com/business/02/27/17/gas-prices-to-go-down-diesel-up-on-tuesday MANILA (UPDATE) – Gasoline prices will go down while diesel prices will go up on Tuesday, oil companies said Monday. Petron, Shell Philippines, SEAOIL, and Flying V said prices of gasoline will go down by P0.40 per liter while diesel prices will go up by […]

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PPA says options open for Sasa port

By Imee Charlee C. Delavin Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Economy&title=PPA-says-options-open-for-Sasa-port&id=141349 THE GOVERNMENT is still open to “any privatization” option for the Sasa Port redevelopment after the project is withdrawn from the list of public-private partnership (PPP) projects approved by the previous administration’s National Economic and Development Authority (NEDA) Board. The Philippine Ports Authority (PPA) […]

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