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Greenergy acquires Prime Media Holdings

Greenergy Holdings Inc., a listed company led by businessman Antonio Tiu, has moved a step closer in its plan to build a smart city in Rizal as part of ongoing efforts to bring development to the countryside......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Hot money reverses to net outflow in H1

More foreign capital exited the Philippines in the first half, reaching $720.98 million or a reversal of the net inflow of $322.87 million in the same period last year, according to the Bangko Sentral ng Pilipinas......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

DA mulls limiting MDM imports to end-users

The Department of Agriculture plans to limit who can import mechanically deboned meat, the raw material for processing, a move which stakeholders called as anti-small and medium businesses......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Dominguez: No need to review rice tariff law

There is no need to review the Rice Tariffication Law, the Department of Finance (DOF) said yesterday, as it noted that prices of rice have declined with the liberalization of rice imports......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Toyota unveils P1-B press line for body shell

The local unit of Japanese automaker Toyota Motor Corp. has inaugurated a P1 billion high technology press line for the production of large body shell parts, enabling the firm to meet the required localization target of the Vios car model under the government’s Comprehensive Automotive Resurgence Strategy (CARS) Program......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

ADB trims Philippines growth forecast to 6.2%

The Asian Development Bank (ADB) has trimmed anew its growth forecast for the Philippines this year due to the dismal economic output in the first quarter......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Meralco seeks regulatory approval for P15.19 B emergency capex

Manila Electric Co. (Meralco) is seeking regulatory approval for its urgent capital spending next year......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

ICTSI tapped to take over Brazil port

International Container Terminal Services Inc. (ICTSI) of billionaire Enrique Razon Jr. is bolstering anew its global operations as it is poised to take over the concession rights to operate and develop a container terminal in the port of Rio de Janeiro City, Brazil......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

PLDT defers 5G launch to next year

Telco giant PLDT Inc. is deferring to next year the commercial rollout of its 5G services next year to have clearer view of the use cases for the new technology......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Stocks bounce back on foreign buying

The stock market bounced back yesterday after two days of losses albeit small as it returned to positive territory......»»

Source: philstar philstarCategory: finance6 hr. 43 min. ago Related News

Term deposit yields higher

Term deposits yielded higher rates across the board on Wednesday amid the strong inflows of funds into the financial system as easing inflation and dovish US Federal Reserve give the Bangko Sentral ng Pilipinas (BSP) more room to ease policy stance......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

NLEX starts P1.6-B SFEX expansion plan

Metro Pacific Tollways Corp. unit NLEX Corp. has commenced with the P1.6-billion capacity expansion of the Subic Freeport Expressway (SFEX), which is expected to further ease travel in and out of the Subic Bay Freeport......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Government set to impose SRP on imported rice

The government will impose a suggested retail price (SRP) for imported rice as farmers sought intervention amid the continued decline in farm gate prices due to the liberalization of the industry......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Metropolitan Insurance conservatorship lifted

The Insurance Commission (IC) has lifted its conservatorship order against Metropolitan Insurance Co. Inc. after a Hong Kong-based firm agreed to infuse additional capital in the local insurer......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

IRR issued for Ease of Doing Business Act

The much-awaited implementing rules and regulations (IRR) for the Ease of Doing Business (EODB) Act, which provides a required period for government transactions to be completed, was finally signed by the Anti-Red Tape Authority (ARTA), Department of Trade and Industry (DTI) and Civil Service Commission (CSC) yesterday......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Pag-IBIG multi-purpose loans hit record P25.6 B

Pag-IBIG Fund disbursed an all-time high of P25.57 billion in multi-purpose loans (MPL), otherwise known as cash loans, for the benefit of 1,227,023 members during the first half of 2019......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Villar-owned AllHome plans stock market debut in October

Home furnishing chain AllHome Corp. announced it was looking to raise up to P20 billion ($404 million) via initial public offering this year, possibly making it the first company to debut on the stock market in 2019......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Cebu Landmasters eyes Xavier-Ateneo property

Cebu Landmasters Inc. (CLI) is eyeing to develop a 63.5-hectare property of Xavier University – Ateneo de Cagayan in Cagayan de Oro City into a premier university town......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Business groups urge veto of Security of Tenure bill

A broad coalition of business groups yesterday urged President Duterte to veto the Security of Tenure (SOT) bill and instead modernize labor regulations to suit the needs of labor-intensive industries......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News

Trump’s new tariff threat sends stocks tumbling anew

The stock market continued to retreat yesterday, two days after Monday’s rally......»»

Source: philstar philstarCategory: finance18 hr. 56 min. ago Related News