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Peso firms in thin trading as US, China resume trade talks

THE peso firmed against the dollar on Friday as the announcement of trade talks between China and the United States next week encouraged some risk-on sentiment on the market, though trading came in a narrow range and volume declined. The post Peso firms in thin trading as US, China resume trade talks appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Security Bank may go branch-lite for underserved areas

SECURITY Bank Corp. is considering establishing more branch-lite units to expand its network to untapped and unbanked areas. The post Security Bank may go branch-lite for underserved areas appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

UCPB first-half profit little changed on increased provisions

UNITED Coconut Planters Bank (UCPB) said net profit was flat in the first half with operating income growth tempered by higher provisioning for loan losses. The post UCPB first-half profit little changed on increased provisions appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

1.125M kilos of smuggled sugar recommended for auction

THE Sugar Regulatory Administration (SRA) has recommended to the Bureau of Customs (BoC) that it auction the 1.125 million kilos of smuggled refined sugar in the bureau’s custody. The post 1.125M kilos of smuggled sugar recommended for auction appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Labor advisory out on workers’ pay on Aug. 21

THE Department of Labor and Employment (DoLE) issued Labor Advisory No. 12 on Thursday, advising employers to pay their employees accordingly on August 21, a regular holiday falling on a special non-working holiday in observance of the Muslim Feast of Sacrifice or Eid al-Adha and Ninoy Aquino Day. The post Labor advisory out on workers’ pay on Aug. 21 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

Flights canceled, rerouted, delayed after aircraft stalls at NAIA runway

A CHINESE passenger plane went off a runway at the Ninoy Aquino International Airport, the Philiippines’ main gateway, on Thursday night amid heavy rains, causing the cancelation or delay of many flights and the airport’s overcrowding as of Friday evening, Aug. 17. The post Flights canceled, rerouted, delayed after aircraft stalls at NAIA runway appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

Vitarich Q2 profit drops sharply as costs rise

VITARICH Corp. said it posted a second-quarter net profit of P338,000 in the second quarter, down sharply from P49.80 million reported a year earlier, as gross sales slipped while operating expenses climbed. The post Vitarich Q2 profit drops sharply as costs rise appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

STI says new-campus building program in full swing

STI Education Systems Holdings, Inc. said its expansion is in “full swing” with new campuses in various stages of construction, bringing the company’s asset base to nearly P1.6 billion. The post STI says new-campus building program in full swing appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

Ayala Land to raise P8 billion from five-year bond issue

AYALA Land, Inc. plans to raise P8 billion by issuing fixed-rate retail bonds with a maturity of five years which will be listed on the bond exchange, the company told the stock exchange on Friday. The post Ayala Land to raise P8 billion from five-year bond issue appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

PDEx year-to-date bond listings top P120-B after SMC Global issuance

THE listing of SMC Global Power Holdings Corp.’s P15-billion fixed-rate bonds on Friday brought the year-to-date new listings at the bond exchange at P120.92 billion, officials of Philippine Dealing & Exchange Corp. (PDEx) said. The post PDEx year-to-date bond listings top P120-B after SMC Global issuance appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

FEMSA exits PHL, sells back stake in Coca-Cola bottling operations

MEXICO’s Coca-Cola FEMSA will sell its controlling stake in its Philippine operations to the Coca-Cola Co., which will take over operations here via its Bottling Investments Group (BIG), the Coca-Cola Co. said. The post FEMSA exits PHL, sells back stake in Coca-Cola bottling operations appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

Bargain hunt fuels recovery

LOCAL EQUITIES rebounded on Friday, as traders hunted for bargains and as optimism returned amid eased US-China trade tensions. The post Bargain hunt fuels recovery appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

NEDA body endorsing MRT-3 rehab deal to Duterte for approval

USERS of the Metro Rail Transit Line 3 (MRT-3) can expect relatively trouble-free commuting along this railway by 2021, under the timetable of a rehabilitation project that edged closer to final approval late this week. The post NEDA body endorsing MRT-3 rehab deal to Duterte for approval appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

Central bank sees inflation closer to 6% this month

THE OVERALL RISE in prices of widely used goods can be expected to creep closer to six percent this month before peaking in September, the head of the Bangko Sentral ng Pilipinas (BSP) said in a forum on Friday. The post Central bank sees inflation closer to 6% this month appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: FinanceAug 17th, 2018Related News

DPWH: Kennon Road, 10 other Luzon roads remain closed due to repairs

The Department of Public Works and Highways (DPWH) on Friday, Aug. 17, has issued an advisory on the extended closure of Luzon roads due to repairs. “Eleven road sections in Luzon are still impassable to vehicles due to debris flow, collapsed road, damaged slope protection, soil collapse, and flooding brought by monsoon rains,” the DPWH […] The post DPWH: Kennon Road, 10 other Luzon roads remain closed due to repairs appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Former DFA chief on China: We cannot remain silent

By Camille A. Aguinaldo Former Foreign Affairs Secretary Albert F. Del Rosario on Friday, Aug. 17, reiterated that the Philippines should not remain silent with China’s “non-adherence to the law.” In his speech during a forum organized by Stratbase, Mr. Del Rosario said the Philippines should act “with peaceful resistance against threats” the country’s sovereign […] The post Former DFA chief on China: We cannot remain silent appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

De Lima seeks probe of PhilHealth’s P4.75-billion net loss in 2017

Senator Leila M. De Lima has filed a resolution seeking investigation on the P4.75 billion net loss incurred by the Philippine Health Insurance Corp (PhilHealth) in 2017. “It is imperative that government continues to deliver an effective health insurance program and social protection mitigating mechanisms helping individuals and their households reduce the impact of future […] The post De Lima seeks probe of PhilHealth’s P4.75-billion net loss in 2017 appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Tugade: 2017 license plate backlog to be cleared by November

The Department of Transportation (DOTr) said it will clear its 2017 license plate backlog by November this year as license plates are now being manufactured in the country. In an interview with One News, Transportation Secretary Arthur P. Tugade said the department is targeting to clear the backlog on issuing vehicle license plates for 2017 […] The post Tugade: 2017 license plate backlog to be cleared by November appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Customs files raps vs alleged smugglers of sugar, illegal drugs

By Camille A. Aguinaldo The Bureau of Customs (BoC) filed on Thursday, Aug. 16, five criminal complaints before the Department of Justice (DoJ) against alleged importers of smuggled sugar and illegal drugs. Vecaba Trading owner Vedasio Cabral Baraquel was charged with violation of Republic Act No. 9165 or the Comprehensive Dangerous Drugs Act for importing […] The post Customs files raps vs alleged smugglers of sugar, illegal drugs appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News

Groundbreaking for Marawi rehab project moved to September

By Charmaine A. Tadalan Task Force Bangon Marawi (TFBM) on Friday, Aug. 17, moved its target groundbreaking of the Marawi rehabilitation from August to September as it finalizes deal with developer Power China. “We are now saying that it will be on Sept. 19, the groundbreaking, But it will not affect our target deadline of […] The post Groundbreaking for Marawi rehab project moved to September appeared first on BusinessWorld......»»

Source: Bworldonline BworldonlineCategory: NewsAug 17th, 2018Related News