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Duterte off to India Jan. 24

By Arjay L. Balinbin PRESIDENT Rodrigo R. Duterte is scheduled to fly to India on Wednesday, Jan. 24, to attend the ASEAN-India Commemorative Summit (AICS) on Jan. 25 and India’s Republic Day celebration on Jan. 26. According to Assistant Secretary Ma. Hellen B. De La Vega, head of the Office of the ASEAN Affairs at […] The post Duterte off to India Jan. 24 appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Ayala reorganizing energy holdings into thermal, renewable businesses

AYALA Corp. is restructuring its energy business by creating two wholly owned platforms to house its investments in renewable energy and thermal energy, the diversified conglomerate told the stock exchange on Friday. AC Energy Holdings, Inc., its holding firm handling its investments in the sector, will be retained, it added. “Ayala will retain AC Energy […] The post Ayala reorganizing energy holdings into thermal, renewable businesses appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Oriental Petroleum shareholder vote fails on lack of quorum

ORIENTAL Petroleum and Minerals Corp. said it failed to secure the required attendance for a valid vote to amend its secondary business purpose to include power generation. In a disclosure to the exchange Friday, the company said: “The meeting was adjourned to a later date due to lack of quorum. The Corporation will send out […] The post Oriental Petroleum shareholder vote fails on lack of quorum appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Gov’t to require telcos to lease common towers

By Patrizia Paola C. Marcelo, Reporter THE government will implement a common tower policy, which will require current telecom operators to lease cell towers from tower companies instead of building their own sites. Presidential Assistant for Information and Communications Technology (ICT) Ramon Jacinto and Department of Information and Communications Technology (DICT) Officer-in-Charge and Undersecretary Eliseo […] The post Gov’t to require telcos to lease common towers appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Davao City business chamber pushes for development of economic zones

By Carmelito Q. Francisco and Maya M. Padillo, Correspondents DAVAO CITY — The business sector has called on the city government to push for the creation of economic zones to lure more investors, especially foreigners. Arturo M. Milan, incoming president of the Davao City Chamber of Commerce and Industry, Inc., said that since last year, […] The post Davao City business chamber pushes for development of economic zones appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

BIR: Annual ITR deadline still April 15, but Q1 returns for self-employed is on May 15.

By Elijah Joseph C. Tubayan, Reporter THE Bureau of Internal Revenue (BIR) on Friday said the deadline of filing for annual tax returns is still on April 15, as the tax reform law only adjusted the schedule for the first quarter tax returns of self-employed individuals and professionals. “The Bureau of Internal Revenue (BIR) is […] The post BIR: Annual ITR deadline still April 15, but Q1 returns for self-employed is on May 15. appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

BoP deficit doubles in 2017 after posting Dec. surplus

THE balance of payments (BoP) position returned to a surplus in December, although the deficit widened over the course of 2017, the Bangko Sentral ng Pilipinas (BSP) said on Friday. BoP, a measure of the relative size of incoming and outgoing funds flows, was at a $917-million surplus in December, against a $214 million deficit […] The post BoP deficit doubles in 2017 after posting Dec. surplus appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Peso closes stronger on weak US data, Federal gov’t shutdown fears

THE peso strengthened against the dollar on Friday, with the US currency falling back after weak US housing data, amid fears of a Federal government shutdown. The peso closed at P50.72 against the dollar, compared with P50.80 on Thursday. The peso’s closing price was also its opening price, and was at its strongest intraday at […] The post Peso closes stronger on weak US data, Federal gov’t shutdown fears appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Government to terminate contract with airport services provider

By Patrizia Paola C. Marcelo, Reporter THE Manila International Airport Authority (MIAA) will no longer renew its contract with Miascor Groundhandling Corp., following a reported incident of baggage theft. MIAA General Manager Eddie V. Monreal said in a letter dated Jan. 19 to Miascor that its lease and concession agreement will no longer be renewed, […] The post Government to terminate contract with airport services provider appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Bourse recovers to post weekly gain

ANTICIPATION of relatively fast Philippine fourth-quarter gross domestic product(GDP) growth and China’s better-than-expected (GDP) expansion for the same period fueled local stocks to recover from two days of decline and end the week up, as Friday saw four of the six sectoral indices close with gains and foreigners remaining net buyers for the sixth straight […] The post Bourse recovers to post weekly gain appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

BSP survey shows credit standards holding steady in Q4

BANKS generally maintained their credit standards in the fourth quarter, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP), though banks that chose to ease lending norms outnumbered those moving to tighten. The fourth quarter 2017 Senior Bank Loan Officers’ Survey showed that “most of the respondent banks continued to maintain their […] The post BSP survey shows credit standards holding steady in Q4 appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

‘Strong’ demand marks Duterte’s second global bond sale

THE DUTERTE ADMINISTRATION’S second global bond offer met “strong” demand, enabling the government to raise some $750 million in new money, the Finance department said in a press release on Friday. “The strong support that this 10-year global bond float has received in the international capital markets is a testament to the deepening investor confidence […] The post ‘Strong’ demand marks Duterte’s second global bond sale appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

PPA: Cargo volume from January to November 2017 almost flat

By Patrizia Paola C. Marcelo, Reporter TOTAL cargo volume from January to November 2017 posted flat growth, registering a 0.81% increase. In a statement, the Philippine Ports Authority (PPA) said that total cargo volume in the country from January to November 2017 registered an almost flat growth of 0.81%, to 227.312 million metric tons (mmt) […] The post PPA: Cargo volume from January to November 2017 almost flat appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

LandBank angles for majority in fixed-income bourse

By Elijah Joseph C. Tubayan, Reporter THE LAND BANK of the Philippines (LandBank or LBP) is considering acquisition of a majority stake in the Philippine Dealing System Holdings Corp. (PDS) at a time the Philippine Stock Exchange (PSE) has been moving to do the same. An unsigned Jan. 16 letter from LandBank President and Chief […] The post LandBank angles for majority in fixed-income bourse appeared first on BusinessWorld......»»

Source: bworldonline bworldonlineCategory: financeJan 19th, 2018Related News

Philippine farm output rises in 2017

MANILA, Philippines — Typhoons that came late last year failed to dampen the Philippine agriculture sector, which significantly recovered in 2017 after suffe.....»»

Source: philstar philstarCategory: financeJan 19th, 2018Related News

Moody s sees 6.7 percent GDP growth for Philippines in Q4 2017

MANILA, Philippines — The Philippine economy likely grew 6.7 percent during the last three months of 2017 on account of strong domestic demand, Moody’s Analy.....»»

Source: philstar philstarCategory: financeJan 19th, 2018Related News

Peso weakens to 50.80: $1

MANILA, Philippines — The peso continued to weaken yesterday, closing 9.50 centavos lower at 50.80 from Wednesday’s close of  50.705 to $1......»»

Source: philstar philstarCategory: financeJan 18th, 2018Related News

Hot money outflow hits $205 M in 2017

MANILA, Philippines - Foreign portfolio investments or hot money recorded an overall net outflow of $205.03 million in 2017, a reversal of the net inflow of.....»»

Source: philstar philstarCategory: financeJan 18th, 2018Related News

Israel commits to develop Philippine dairy program

MANILA, Philippines - Experts from Israel are coming to the Philippines next week to help the Department of Agriculture (DA) implement its flagship dairy pro.....»»

Source: philstar philstarCategory: financeJan 18th, 2018Related News

Government earmarks P2 B for MSME development

MANILA, Philippines - The government has earmarked P2 billion this year for the development of micro, small, and medium enterprises (MSMEs)......»»

Source: philstar philstarCategory: financeJan 18th, 2018Related News