No immediate financial impact on PH – UK envoy

June 27, 2016 9:51 pm

BRITAIN’S controversial exit from the European Union (EU), the so-called Brexit, is a source of uncertainty for the Philippines and its financial markets, but should not have an immediate or significantly negative effect, the UK’s envoy to the Philippines said. … Read more »

Peso sinks to 2-mth low at P47.03:$1

June 27, 2016 9:46 pm

The Philippine peso returned to P47:$1 level on Monday, hitting a nearly two-month low against the US dollar as the Brexit continues to affect foreign exchange trading. The currency fell to P47.03 to $1, losing 8 centavos from its P46.95 … Read more »

PSEi bounces back from Friday shock

June 27, 2016 9:45 pm

Local share prices bounced back on Monday, gaining more than a percent as foreign funds made a run for emerging markets including the Philippines, seeking a safe haven in the wake of the recent decision of the United Kingdom to … Read more »

Education gaps hampering AEC labor integration

June 27, 2016 9:44 pm

Uneven education standards in the Philippines and other Association of Southeast Asian Nations (Asean) are an obstacle to the Asean Economic Community’s aim to integrate labor markets in the region, Fitch-owned BMI Research said in a new report. This analysis … Read more »

Beep card can now be used for BGC buses

June 27, 2016 9:41 pm

The commuters can now use the magnetic beep card for the Bonifacio Global City (BGC) buses. The beep card, which is mostly used in the country’s mass railways systems, is now available as in all seven routes of the BGC … Read more »

Incoming DTI chief adds a major trade bureau

June 27, 2016 9:40 pm

The incoming secretary of the Department of Trade and Industry (DTI) has added a bureau to the department, one that will attend to the special concerns of investors and enterprises. According to the updated DTI directory as of June 24, … Read more »

‘Nissan buy-in not to affect Mitsubishi PH’

June 27, 2016 9:40 pm

TOKYO, Japan: Mitsubishi Motors Corp. (MMC) chairman and chief executive officer Osamu Masuko on Monday assured that the operations of Mitsubishi Motors Philippines Corp. (MMPC) will not in any way be adversely affected by Nissan Motor Co.’s plan to buy … Read more »

SM on track with mall expansion

June 27, 2016 9:38 pm

SY-LED SM Prime Holdings Inc. is on track with its goal of having 75 malls by the end of 2018 as it is set to open three more malls within the year, according to a top company official. Hans Sy, … Read more »

Pryce sees P900-M profit this year

June 27, 2016 9:37 pm

PRYCE Corp., a listed company mainly engaged in the retail of cooking gas and property development, said its net income for 2016 year could hit P900 million, which would enable it to finally declare cash dividends after emerging from corporate … Read more »

Stocks bounce after Brexit vote

June 27, 2016 9:35 pm

HONG KONG: The pound fell Monday to around 30-year lows but most Asian stock markets rebounded from hefty losses fuelled by Britain’s decision to leave the European Union, despite fears of months of uncertainty. Sterling plunged two percent in early … Read more »


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