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Stocks sink deeper into bear territory

The stock market continued to bleed yesterday, sinking deeper into bear territory as investors dumped more Philippine equities on rising uncertainties......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

BOI approvals rise 28%, PEZA down in 4 months

New projects registered with the Board of Investments grew by over a quarter in the first four months, while investment pledges approved by the Philippine Economic Zone Authority contracted by more than half on lingering concerns over the government’s second tax reform package......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

Investment bankers see further rate hike

Investment banks said the Bangko Sentral ng Pilipinas may further raise interest rates as the back-to-back hikes in May and June are not enough to curb inflationary pressures......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

Del Monte income drops to P2.6 billion on higher expenses

Del Monte Philippines Inc., the second largest subsidiary of Del Monte Pacific Ltd., reported a lower net income of P2.6 billion for fiscal year ending April 2018, down by P100 million due to higher interest expenses......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

10 big infrastructure projects to commence within 2018

Construction of 10 infrastructure projects with a total cost of P59.76 billion are slated to commence this year, according to the Department of Finance......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

Cynthia Villar eyes P10-billion subsidy under rice tariffication bill

Senate agriculture committee chairperson Cynthia Villar plans to include a P10 billion government subsidy in the pending rice tariffication bill in a bid to boost the competitiveness of rice farmers......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

DOF to fasttrack overhaul of military pension fund

President Duterte has asked the Department of Finance and other concerned agencies to fasttrack the formulation of a masterplan to overhaul the military’s pension system, Finance Secretary Carlos Dominguez said......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

NLEX gets go signal for P25-billion bonds

NLEX Corp., the toll road operator of the MVP Group, has received the green light from the Securities and Exchange Commission to issue fixed rate bonds amounting to P25 billion......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

DOF chief urges foreign funds to invest in Build Build Build

Finance Secretary Carlos Dominguez is urging foreign pension funds and sovereign wealth funds to take part in the government’s massive infrastructure program......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

Dennis Uy joins another Ongpin-run firm

Davao-based businessman Dennis Uy has joined another Ongpin-led company, Alphaland Corp. as a director......»»

Source: Philstar PhilstarCategory: Finance14 hr. 58 min. ago Related News

Comment on Foreign direct investments surge by Foreign direct investments in the Philippines

[…] FOREIGN direct investments surged in March from a year ago and from the preceding month on the back particularly of equity capital placements amid sustained confidence in Philippine prospects, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. Read the full story. […].....»»

Source: Bworldonline BworldonlineCategory: Finance21 hr. 10 min. ago Related News

Comment on BSP could maintain policy for now — poll by Analysts’ expectations on policy rates-Times of News Philippines

[…] THE BANGKO SENTRAL ng Pilipinas (BSP) may find room to keep interest rates unchanged this week amid signs that inflation may be slowing, economists said in a poll even as they kept the window open for another hike later this year. Read the full story. […].....»»

Source: Bworldonline BworldonlineCategory: Finance21 hr. 10 min. ago Related News

Comment on Philippines losing digital edge — IMD by 2018 IMD world digital competitiveness ranking-Times of News Philippines

[…] FRESH from a drop in overall competitiveness position last month, the Philippines suffered a similar fall in the digital field in an annual report of the International Institute for Management Development (IMD). Read the full story. […].....»»

Source: Bworldonline BworldonlineCategory: Finance21 hr. 10 min. ago Related News

Interest rates raised anew on inflation risks

The Bangko Sentral ng Pilipinas yesterday delivered back-to-back rate hikes as inflation expectations remain elevated for this year as well as the risk of possible second-round effects from ongoing price pressures......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

Bears take over as index plunges to 15-month low

The local stock market officially slipped into bear territory yesterday ahead of the policy meeting of the Bangko Sentral ng Pilipinas......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

Banks swarm 7-day term deposits

Term deposits yesterday continued to fetch mixed results as investors picked up shorter-dated debt instruments while waiting for the results of the rate-setting meeting of the Bangko Sentral ng Pilipinas......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

Laguna firms cry foul over endo tag

Over 40 Laguna-based companies have cried foul after being accused by the government of practicing the outlawed end-of-contract or “endo” scheme, the Employers Confederation of the Philippines said......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

IRC gains traction in $3.7-billion Makati rail project

IRC Properties Inc. has been granted original proponent status for a proposed $3.7 billion intra city rail transport system in Makati......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

Pepsi decries NWRB closure of Muntinlupa plant’s deep wells

Pepsi-Cola Products Philippine Inc.’s regrets the move of the National Water Resources Board to seal off its deep wells located in the company’s Muntinlupa plant......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News

Ayala Land Inc. investing P20 billion for Davao estate development

Ayala Land Inc. is investing P20 billion over 10 years for the development of Azuela Cove, a 25-hectare master-planned estate in Davao......»»

Source: Philstar PhilstarCategory: FinanceJun 21st, 2018Related News