P24-B loan signed for LRT-1 extension

February 12, 2016 10:29 pm

Work on delayed PPP could start later this year Work on the Light Rail Transit Line 1 (LRT-1) extension to Cavite could finally start in the second half of this year, Ayala Corp. and Metro Pacific Investments Corp (MPIC) said … Read more »

Yellen: No negative interest rates for US

February 12, 2016 10:27 pm

WASHINGTON, D.C.: Janet Yellen said on Thursday (Friday in Manila) that the Federal Reserve had no plans to move toward negative interest rates, following the Swedish central bank’s rate cut deep into negative territory. But Fed Chair Yellen expressed “surprise” … Read more »

Business groups hit regulatory policies

February 12, 2016 10:26 pm

Business groups want the Trade department and a public-private competitiveness body to review regulatory policies perceived as detrimental to companies, particularly small and medium enterprises (SMEs). In a joint position paper, the Philippine Exporters Confederation (PhilExport), Philippine Chamber of Commerce … Read more »

Labor turnover rate improves in MManila

February 12, 2016 10:26 pm

Employment in Metro Manila’s large enterprises improved during the third quarter of 2015, the government reported on Friday, with services sector posting the highest growth. The Philippine Statistics Authority said its latest Labor Turnover Survey (LTS) found the turnover rate … Read more »

Outsourcing demand to boost real estate market

February 12, 2016 10:25 pm

Huge demand from business process outsourcing (BPO) firms will continue to grow the country’s real estate market this year, BDO Capital and Investment Corp. said. In a statement Friday, the investment banking arm of BDO Unibank Inc. said BPO companies … Read more »

Coal plant operational by 2019

February 12, 2016 10:23 pm

CONSTRUCTION of the country’s first supercritical coal-fired power plant is already underway in Quezon and should start providing efficient and reliable baseload power supply by the first half of 2019. San Buenaventura Power Ltd. (SBPL) is building a 500-MW (gross) … Read more »

First Metro targets retail market

February 12, 2016 10:22 pm

STOCK broker First Metro Securities Brokerage Corp. is targeting to attract a good portion of the retail investor market which is expected to see exponential growth in the next few years amid rising incomes and the availability of online and … Read more »

BOI seeks ‘inclusive business’ policies

February 12, 2016 10:16 pm

The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade and Industry (DTI), is gathering representatives of various government agencies next week to discuss and generate comments and recommendations on the DTI’s proposed … Read more »

Next govt should focus on transportation PPPs

February 12, 2016 10:14 pm

Transportation-related infrastructure that enhances connectivity and interconnectivity should be the next administration’s priority, Cosette Canilao, the public-private partnership’s (PPP) chief said on Thursday. With just five months left before the Aquino administration’s term ends, Canilao said the next administration must … Read more »

Roxas Hldgs Q1 net swings to P125-M loss

February 12, 2016 10:13 pm

SUGAR refiner Roxas Holdings Inc. (RHI) swung to a net loss of P124.83 million in its first fiscal quarter ending December 31, 2015 from a net profit of P8.8 million a year earlier due to insufficient cane supply and defective … Read more »



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