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Leo Rey faction firms up hold on Yanson group

The original management of Vallacar Transit Inc. has firmed up its control of the country’s largest bus transport group, with Leo Rey Yanson havRead More

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S&P 500 spins lower in choppy trading as New! 2020-02-20 17:27:43NEW YORK  — U.S. stocks spun lower in a dizzying day of trading Thursday as worries about the viral outbreak that started in China knocked

Foreign investment pledges doubled in ’19 New! 2020-02-20 15:55:51Commitments of foreign investors to set up shop in the Philippines climbed to a record high P390.1 billion last year, the Philippine Statistics Author

Summer is coming, and with it comes power New! 2020-02-20 15:50:14The government needs a strategy to address a “power shortage looming over the Luzon grid in the coming summer of 2020,” according to Natio

All eyes on 3rd telco as China-backed firm New! 2020-02-20 15:45:49The country’s third major telco, Dito Telecommunity, could take its first paying subscribers by March 2021—delaying a debut that was antic

PSEi adds 0.22% as investors pick clues from New! 2020-02-20 15:40:17Shares of broadcasting giant ABS-CBN Corp. rebounded by 20.44 percent on Thursday on speculation that a shutdown might be averted by a last-minute pus

‘Hot money’ fled PH in Jan due to New! 2020-02-20 15:35:23Philippine financial markets saw an exodus of short-term investments in the first month of the year, which the central bank attributed to a slew of ad

PH spent more dollars than it earned in New! 2020-02-20 15:30:08The Philippine economy returned to red in terms of the amount of dollars it spent in the first month of this year, outpacing the amount it earned in i

Gold line signed: PH exempts small miners from New! 2020-02-20 15:25:39Starting next month, the Bureau of Internal Revenue (BIR) will exempt from taxes small miners supplying gold to the Bangko Sentral ng Pilipinas (BSP).

World Bank OK of $500-M loan seen in New! 2020-02-20 15:20:34The $500-million loan being sought to further strengthen the Philippines’ resilience to natural disasters will finally be up for World Bank appr

The shrimp plan and other road maps New! 2020-02-20 15:15:07We need road maps to boost agriculture growth. Today, we are hardly growing, we are close to the bottom in the Southeast Asian region. In 1987, after

The heat is on New! 2020-02-20 15:10:17Unsmoke: If you don’t smoke, don’t start; if you smoke, quit; if you can’t quit, change. That is what tobacco giant Philip Morris In

WB: Making PH roads safe to generate $45.63B 2020-02-20 04:20:12Most motorists consider roads in the Philippines as unsafe and could welcome a World Bank (WB) initiative to establish a lead agency to lay out a nati

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Dito’s telco launch moved to March 2021 New! 2020-02-20 11:00:00Consumers hoping for a “better” telecommunications service from new major player Dito Telecommunity will have to wait for another year.

DOT spearheads month-long mall sale nationwide New! 2020-02-20 11:00:00The Department of Tourism is spearheading a month-long nationwide mall sale in March, dubbed as the first Philippine Shopping Festival, aimed at encou

DM Wenceslao hikesprofit by 24% to P2.4 billion New! 2020-02-20 11:00:00D.M. Wenceslao & Associates Inc. reported a net income of P2.37 billion last year, up 24 percent on strong revenues.

Share prices sustain upward momentum New! 2020-02-20 11:00:00The local stock market managed to sustain its upward momentum yesterday although gains were tempered by some profit taking.

Philippines open to FTA, higher GSP+ with EU New! 2020-02-20 11:00:00The Philippines remains interested in having a free trade agreement with the European Union and increasing utilization of the trade preference progra

Meralco accepts DOE terms for CSP New! 2020-02-20 11:00:00Energy Secretary Alfonso Cusi said Manila Electric Co. has accepted the agency’s terms in its competitive selection process for greenfield capa

Metrobank income up 27% to P22 billion in New! 2020-02-20 11:00:00Earnings of Metropolitan Bank & Trust Co. jumped by 27.5 percent to P28.06 billion last year from P22.01 billion in 2018 amid the consistent impro

MPIC invests P250 million for majority stake in New! 2020-02-20 11:00:00Metro Pacific Investments Corp., the listed tollways and infrastructure conglomerate of tycoon of Manuel V. Pangilinan, is expanding its hospital port

BIR exempts small-scale gold miners from taxes New! 2020-02-20 11:00:00In line with efforts to shore up the country’s foreign exchange reserves, the Bureau of Internal Revenue is now exempting small-scale miners f

Gag Order New! 2020-02-20 11:00:00In past decades, when the quality of our national leaders was a lot higher than it is now, there is always a challenge to defend one’s position

Stocks, bonds or art? 2020-02-19 11:00:00Art world sophisticates will flock to the Art Fair Philippines 2020 today for the strictly invitation-only collectors preview.

NHMFC securitizes P270 million housing bonds 2020-02-19 11:00:00National Home Mortgage Finance Corp. closed its BALAI bonds 1 securitization transaction worth P270.25 million.

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DOH 7 to vaccinate 18K Mandaue children against 2020-02-19 10:47:00HE Department of Health (DOH) 7 aims to vaccinate 18,000 children under five years old in Mandaue City against poliomyelitis, a viral disease that inv

Medical student held for attack on woman he 2020-02-19 05:17:00A MEDICAL student from Nigeria who has earned a reputation of getting too frisky when drunk was arrested after an attempted rape of another student.Th

Charred human remains found in Gestopa’s house 2020-02-19 04:02:00A NEIGHBOR of the Gestopas in Barangay Centro, Mandaue City found a scorched body that could be the remains of John Jeric Gestopa Suson, a 21-year-old

SK chief, ex-tanod nabbed for drugs 2020-02-18 22:27:00THE chairperson of the Sangguniang Kabataan (SK) in Barangay Lawaan III in Talisay City was arrested together with her father, a former chief tanod, i

Attend pre-departure seminars, OFWs urged 2020-02-18 12:03:00THE Department of Labor and Employment (Dole)-Central Visayas urged overseas Filipinos workers (OFWs) working in Hong Kong and Macau to attend pre-dep

Talisay ‘habal-habal’ drivers get permits 2020-02-17 10:22:00HABAL-HABAL drivers in the rural areas of Talisay City will be subject to random inspections of their license and motorcycle registration.This, after

Relocation of residents eyed for Butuanon 2020-02-17 09:14:00COMPANIES that release their wastewater to the Butuanon River and nearby homes not fitted with toilets are among the reasons the waterway is polluted

Retired judge, wife killed in dawn fire 2020-02-16 19:01:00A FIRE that broke out on Zamora St. in Barangay Centro, Mandaue City early Monday morning, Feb. 17, 2020, claimed the lives of an elderly couple.The v

Quarantined passengers sent home after complaints 2020-02-13 11:41:00GOV. Gwendolyn Garcia said the Mactan-Cebu International Airport Authority already made travel arrangements for quarantined passengers from Mindanao t

Labella plans to buy more bulletproof vests 2020-02-13 11:27:00THE death of P/MSgt. Maximino Macua during a drug bust has pprompted Cebu City Mayor Edgardo Labella to consider buying additional bulletproof vests f

Cebu City mayor bans pork from Mindanao 2020-02-13 11:18:00CEBU City Mayor Edgardo Labella has signed Executive Order 44, series of 2020, banning the entry of live hogs, pork products and byproducts from Minda

Love in the time of Corona 2020-02-13 10:27:00BE CAREFUL who you go out with on Valentine’s Day.Beyond the normal qualifications of a good date comes a new criteria for dating, this time, fr

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S&P reduces ’20 growth forecast on virus threat 2020-02-19 07:50:11Debt watcher S&P Global Ratings on Wednesday reduced its 2020 growth forecast for the Philippines to 6.1 percent from the previous estimate of 6.2

SMC open to new design of MRT-7 in 2020-02-19 07:45:10San Miguel Corp. said Wednesday it is open to a revision of the design of the Metro Rail Transit Line 7  station in  Quezon Memorial Circle

Metro Pacific back in property business, signs Dusit 2020-02-19 07:40:09Infrastructure conglomerate Metro Pacific Investments Corp. is returning to the property business with a P1.6-billion investment agreement with Dusit

PCC clears AC Energy’s solar plant deal 2020-02-19 07:35:08The Philippine Competition Commission said Wednesday it approved the acquisition of the shares of Philippine Investment Alliance for Infrastructure fu

PPA’s income climbed 31% to P7.28b in 2019 2020-02-19 07:30:07State-run Philippine Ports Authority said Wednesday it recorded a 31-percent increase in net income  to a record P7.28 billion in 2019.

Stocks rally; ICTSI, Ayala Land up 2020-02-19 07:25:06The stock market rallied Wednesday as hopes the deadly new coronavirus will have only a short-term impact on corporate earnings and economic growth pr

SEC clears SMC unit’s bond issue worth 2020-02-19 07:20:05The Securities and Exchange Commission approved the P15-billion maiden bond offering of San Miguel Food and Beverage Inc., the food and beverage subsi

Ayala’s IMI posts net loss of $7.78m on 2020-02-19 07:15:04Integrated Micro-Electronics Inc., a unit of Ayala Corp., registered a net loss of $7.78 million in 2019, a reversal from a profit of $47.18 million i

Taal victims receive AXA payment relief 2020-02-19 07:10:03AXA Philippines extended the due date for premium payments of customers who may have been affected by the Taal volcano unrest to 90 days, instead of t

Air Asia begins flights to GenSan from Clark 2020-02-19 07:05:02Air Asia Philippines said it will mount flights to General Santos from Clark and Cebu starting March 29 this year. 

St. Luke’s leases 13-ha. property in Aseana City 2020-02-18 07:30:15Property developer D.M. Wenceslao & Associates Inc. said Tuesday it agreed to lease a 13,896-square-meter lot in Aseana City to St. Luke’s M

Stocks close flat; ICTSI climbs 2020-02-18 07:25:58The stock market closed flat Tuesday in mixed trading amid fears over the wider impact of the new coronavirus on corporate earnings and economic growt

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Govt needs to focus on telecom sector's sustainability, 2020-02-19 08:37:55He said Airtel has already announced its plans to pay the dues that arose from the apex court ruling

Tears and defiance at Shaheen Bagh as SC 2020-02-19 08:30:15The Supreme Court-appointed interlocutors visited Shaheen Bagh on Wednesday to initiate talks with the protesters after the court suggested that the a

Coronavirus outbreak: Govt recommends ban on export of 2020-02-19 08:30:00The active pharmaceutical ingredients and formulations include common antibiotics and vitamins

Challenges galore for financial institutions amid liquidity crunch: 2020-02-19 07:32:11The rating agency expects the real GDP growth to slow to 4.6 per cent in 2019-20 from 6.8 per cent in 2018-19, led by a squeeze in credit availability

Coronavirus outbreak to have limited impact on India, 2020-02-19 07:30:57Only a couple of sectors in India are likely to see some disruptions but alternatives are being explored to overcome those issues, he said

Donald Trump's India visit: Key India-US defence deals 2020-02-19 06:40:17Speaking on his planned India visit, Foreign Secretary Shringla said President Trump would be accompanied by a high-level delegation

Sanofi, US govt join hands to expedite development 2020-02-19 06:30:56Sanofi plans to further investigate an advanced pre-clinical SARS vaccine candidate that could protect against COVID-19

Can Gadkari come to explain govt proposal for 2020-02-19 06:26:11A bench, headed by Chief Justice S A Bobde, enquired from Nadkarni as to whether the minister can come over for an interaction to assist this court

Aurobindo Pharma soars 19% as Unit IV receives 2020-02-19 06:24:11The Company has received the Establishment Inspection Report (EIR) with Voluntary Action Initiated (VAl) status from the US Food & Drug Administra

GST 'biggest madness of the 21st century', says 2020-02-19 06:10:47He also demanded that former Prime Minister, late P V Narasimha Rao, be given the highest civilian award, the Bharat Ratna, for the reforms he introdu

INX Media case: Former NITI Aayog CEO Sindhushree 2020-02-19 06:01:53The court had earlier reserved its order on bail applications moved by six bureaucrats who were part of the FIPB panel which granted approval to INX M

22nd Law Commission, Rs 4,558 cr for dairy 2020-02-19 06:01:24The second phase of Swachh Bharat will start soon, Javadekar added

Trading Economics

Philippines up to One Day Interbank Rate 2020-02-18 01:06:00Philippines up to One Day Interbank Rate increased to 3.66 percent on Tuesday February 18 from 3.47 percent in the previous trading day. Interbank Rat

Philippines Remittances 2020-02-16 23:11:00Remittances in Philippines increased to 2902000 USD Thousand in December from 2372398.50 USD Thousand in November of 2019. Remittances in Philippines

Philippines - Credit Rating 2020-02-15 19:00:00Standard & Poor's credit rating for Philippines stands at BBB+ with stable outlook. Moody's credit rating for Philippines was last set at Baa2 w

Philippines Personal Income Tax Rate 2020-02-13 10:56:00The Personal Income Tax Rate in Philippines stands at 35 percent. Personal Income Tax Rate in Philippines averaged 32.38 percent from 2004 until 2019,

Philippines Sales Tax Rate - VAT 2020-02-13 06:54:00The Sales Tax Rate in Philippines stands at 12 percent. Sales Tax Rate in Philippines averaged 11.87 percent from 2006 until 2020, reaching an all tim

Philippines Corporate Tax Rate 2020-02-12 11:18:00The Corporate Tax Rate in Philippines stands at 30 percent. Corporate Tax Rate in Philippines averaged 31.63 percent from 1997 until 2020, reaching an

Philippines Exports 2020-02-11 05:12:00Exports in Philippines increased to 5742289.74 USD Thousand in December from 5596481.56 USD Thousand in November of 2019. Exports in Philippines avera

Philippines Imports 2020-02-11 05:12:00Imports in Philippines decreased to 8219979.76 USD Thousand in December from 8938342.63 USD Thousand in November of 2019. Imports in Philippines avera

Philippines Balance of Trade 2020-02-11 03:17:00Philippines recorded a trade deficit of 2477690.01 USD Thousand in December of 2019. Balance of Trade in Philippines averaged -411922.68 USD Thousand

Philippines Foreign Direct Investment 2020-02-10 05:16:00Foreign Direct Investment in Philippines increased by 623 USD Million in November of 2019. Foreign Direct Investment in Philippines averaged 373.53 US

Philippines Overnight Lending Facility Rate 2020-02-08 05:19:00Lending Rate in Philippines decreased to 4.25 percent in February from 4.50 percent in January of 2020. Lending Rate in Philippines averaged 10.02 per

Philippines Interbank Loans 2020-02-08 05:17:00Loans To Banks in Philippines decreased to 225908.23 PHP Million in December from 253435.09 PHP Million in November of 2019. Loans To Banks in Philipp

Reuters: Business News

Samsung Electronics names non-executive director as board chairman New! 2020-02-21 00:45:42Samsung Electronics Co Ltd said on Friday it has named a non-executive director as board chairman for the first time, to increase transparency and in

Outbreak will not change China's commitments to buy New! 2020-02-21 00:14:11The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world's two largest economies in J

Asian funds seek a sheltered shore in U.S. New! 2020-02-20 23:52:28Asian shares were under water on Friday as fears over the creeping spread of the coronavirus sent funds fleeing to the sheltered shores of U.S. assets

Oil falls as coronavirus spread beyond China heightens New! 2020-02-20 23:08:18Oil prices fell on Friday amid concerns over fuel demand as the coronavirus epidemic spread further beyond China, while major crude producers stood pa

Telus says 5,000 jobs at risk if forced New! 2020-02-20 21:35:34Telus Corp could cut 5,000 jobs and C$1 billion in investments over the next five years if the Canadian telecom operator is forced to slash prices by

Airbus investing up to 1 billion euros in New! 2020-02-20 21:19:18Airbus SE plans to invest between 500 million euros and 1 billion euros ($539 million-$1.08 billion) this year on its A220 passenger jet program, Ch

Morgan Stanley's Gorman charts ambitious course with $13 New! 2020-02-20 20:17:16Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisitio

Branson targets younger cruise crowd with DJs, tattoos New! 2020-02-20 20:00:25British entrepreneur Richard Branson will unveil the "Scarlet Lady" on Friday, a 60,000 tonne cruise liner complete with a tattoo studio and yoga de

T-Mobile, Sprint amend merger terms, SoftBank takes a New! 2020-02-20 19:21:33T-Mobile US and Sprint Corp said on Thursday that they had agreed on new merger terms that would reduce the stake of major Sprint shareholder SoftBa

New Mexico AG sues Google for collecting school New! 2020-02-20 19:19:30New Mexico Attorney General Hector Balderas on Thursday sued Alphabet Inc's Google search engine, alleging that its educational software collects yo

Dropbox shares rise after upbeat results, share buyback New! 2020-02-20 18:25:55Dropbox Inc on Thursday reported a better-than-expected quarterly profit, raised its outlook for operating margin and announced a $600 million share b

Wall St. eases, led by tech decline on New! 2020-02-20 18:21:58U.S. stocks fell on Thursday, led by declines in technology heavyweights, after reports of new coronavirus cases in China and other countries intensif

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