By Janine Marie D. Soliman with Reuters Posted on May 03, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Peso-touches-P50:$1-level-ahead-of-Fed-meet&id=144585 THE PESO dropped on Tuesday, but managed to hold on to the P49-per-dollar level after breaching the P50 mark intraday, amid heightened caution among market players ahead of the US Federal Reserve’s two-day policy meeting. The peso closed at P49.99 against the […]
By DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 04:00 AM May 03, 2017 http://business.inquirer.net/228677/ph-stocks-back-7700-level The local stock barometer climbed back to the 7,700 level on Tuesday as many investors bet on favorable local corporate earnings for the first quarter. The main-share Philippine Stock Exchange index added 42.09 points or 0.55 percent to close at 7,703.10, tracking mostly upbeat […]
By Arra B. Francia Posted on May 03, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=financial-service-aggregator-expresspay-plans-p528-m-ipo&id=144579 FINANCIAL service aggregator Expresspay, Inc. is planning to make its debut on the stock market this year with an initial public offering (IPO) for as much as P528 million. Expresspay sought the Securities and Exchange Commission’s approval to list on the Small, Medium and […]
By Azer N. Parrocha/PNA (philstar.com) Updated May 2, 2017 – 7:45pm http://www.philstar.com/headlines/2017/05/02/1696063/dot-more-ro-ro-trips-boost-asean-tourism MANILA, Philippines (Philippine News Agency) — After launching the Roll-on-Roll-off (Ro-Ro) trips between the Davao and General Santos City seaports and Bitung, Indonesia, the Department of Tourism on Tuesday said that it is looking forward to the upcoming launch of Ro-Ro trips between […]
By DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 04:02 AM May 03, 2017 http://business.inquirer.net/228681/semirara-investing-p5b-expand-production Consunji-led Semirara Mining and Power Corp. plans to invest P5 billion this year and next to increase its coal production capacity to a maximum of 16 million metric tons. The increase in capacity seeks to “take advantage of favorable coal prices and local market […]
By Czeriza Valencia (The Philippine Star) Updated May 3, 2017 – 12:00am http://www.philstar.com/business/2017/05/03/1696071/poorest-regions-take-p157-b-infrastructure-projects MANILA, Philippines – Thousands of infrastructure projects collectively valued at P157.44 billion will be rolled out in the country’s poorest region under the reinstated Three-Year Rolling Infrastructure Plan (TRIP) for 2018 to 2020, the National Economic and Development Authority (NEDA) said yesterday. […]
ABS-CBN News Posted at May 02 2017 09:13 PM http://news.abs-cbn.com/business/05/02/17/5-big-corporate-mergers-and-acquisitions-in-ph-in-past-year MANILA – Mergers and acquisitions have been moving as the Philippines’ billionaires seek to capitalize on the momentum of one of the fastest-growing economies in the world. Here is a list of notable mergers and acquisitions in the Philippines in the last 12 months. —————– […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:08 AM May 03, 2017 http://business.inquirer.net/228689/century-buys-hunts-gokongwei The country’s leading canned food producer Century Pacific Food Inc. (CNPF) has expanded its food portfolio with the acquisition of the Philippine license for pork and beans brand “Hunt’s” from the Gokongwei-led group. CNPF has struck a deal to purchase the rights to […]
By Catherine Talavera (The Philippine Star) Updated May 3, 2017 – 12:00am http://www.philstar.com/business/2017/05/03/1696086/italpinas-mulls-sale-preferred-shares MANILA, Philippines – Listed greenbuilder Italpinas Development Corp. (IDC) is eyeing a preferred share offering this year to raise funds for future landbanking initiatives. In a briefing Tuesday, IDC chairman and CEO Romolo Valentino Nati said the preferred share issuance would likely […]
‘If you don’t give back the land to the government, then I will ask the Filipino people to occupy the lands that are in your hands,’ the President tells ‘oligarchs’ Pia Ranada Published 9:35 PM, May 01, 2017 Updated 9:41 PM, May 01, 2017 http://www.rappler.com/nation/168546-duterte-private-companies-government-lands-occupy DAVAO CITY, Philippines – If private companies don’t give back […]