Business

Govt picks 5 schemes to decongest MM

By
0

Railways, roads, bridges and ports part of the plan The Duterte administration is set to launch five infrastructure projects ex-pected to decongest Metro Manila road traffic. The projects are: The North-South Railway Project (NSRP)-South Line; the Metro Manila Bus Rapid Transit (BRT)-EDSA project; Bonifacio Global City (BGC)-Ortigas link bridge; common…

By
0

SHARE prices on the Philippine Stock Exchange drifted down on Tuesday, pulling the benchmark market index, PSEi, down by 46.03 points (0.58 percent) to close at 7,935.18 and the broader All Shares index down 24.07 points (0.51 percent) to 4,698.94. Market watchers had predicted earlieer that Monday’s modest upturn will…

By
0

The International Monetary Fund (IMF) will soon come up with a higher growth forecast for the Philippine economy to reflect the strong second-quarter gross domestic product (GDP). “The second-quarter GDP outturn in the Philippines was somewhat faster than anticipated in our 6 percent growth forecast for 2016,” Shanaka Jayanath Peiris,…

By
0

Luxury residential sales in the Asia Pacific region saw minimal gains in the second quarter of the year, with Manila and Beijing posting significant price growths, according to a report by Jones Lang Lasalle (JLL). “Of the eight featured markets, only Beijing and Manila saw price growth above 1 percent…

By
0

THE Board of Investments (BOI) has entered into a memorandum of understanding with the United Nations Development Programme (UNDP) for a baseline survey on inclusive business (IB) among Philippine companies. The Business+Philippines is a survey on IB developed by UNDP Istanbul International Center for Private Sector in Development (IICPSD). It…

By
0

TOURIST arrivals in Davao City are expected to double during the Kadayawan Festival 2016 with hotel occupancy rates already reported at 100 percent, an official of the Department of Tourism (DOT) said. “We consulted with the hotel industry. Last call, in July, many of them were already reporting 100-percent occupancy…

By
1

Senator Cynthia Villar, chairperson of the Senate Committee on Environment and Natural Resources, is pushing for more investment in downstream processing in the mining industry to generate more employment. “There is no denying the fact that the mining industry generates employment and helps in poverty reduction measures of the government.…

By
0

OIL refiner and retailer Petron Corp. is planning to raise P40 billion in new capital through bond issues for refinancing existing indebtedness and to fund working capital requirements. The company has filed an application on Monday seeking the approval of the Securities and Exchange Commission (SEC) to raise the money…

By
0

AYALA-LED Bank of the Philippine Islands (BPI) on Tuesday announced it is acquiring a minority equity stake in microfinance-oriented Rizal Bank Inc. (RBI) as part of its vision to be the leading bank with strong focus on financial inclusiveness and sustainable growth. RBI, a member institution of CARD Mutually Reinforcing…

By
0

LISTED tech firm Xurpas Inc. has acquired the remaining 35 percent stake in Fluxion Inc. for P45 million in a move that is expected to complement Xurpas’ operations in developing content for its celebrity games segment. In a disclosure to the Philippine Stock Exchange, Xurpas said it acquired 1.607 million…

1 2 3 1,729