Business

‘Hot’ money flows to 3 new listings

December 18, 2014 8:48 pm

The Bangko Sentral ng Pilipinas on Thursday reported that ‘hot’ money flowed to three new listings at the Philippine Stock Exchange. The new investments reverse the September to October outflow in portfolio investments to an inflow of $368.92 million last … Read more »

Foreign investment pledges drop 44%

December 18, 2014 8:48 pm

Investment pledges for the Philippines from foreigners slumped 44 percent to P18.3 billion in the third quarter from P32.9 billion last year. The pledges were tallied by seven Investment Promotion Agencies (IPA) including the Board of Investments (BOI), Clark Development … Read more »

Another page turns in the Terminal 3 saga

December 18, 2014 8:47 pm

Second of three parts Lucrative airport project is quickly mired in dispute and dubious activity In part one of this special report, the story of how NAIA-3 was conceived as public-private partnership project for a consortium of the Philippines’ leading … Read more »

Room for growth for ‘expensive’ mart

December 18, 2014 8:46 pm

The Philippine stock exchange index is seen to range from 7,500 to 7,700 points next year, better than the current level of 7, 200 points despite current apprehensions due to falling oil prices. Raul Ruiz, RCBC Securities vice president and … Read more »

Stocks follow US gains

December 18, 2014 8:46 pm

The local equities closed higher yesterday, up by close to one percent, following foreign markets’ appreciation of a favorable US Federal Reserve meeting. Worries brought falling global oil prices remained a concern. The Philippine Stock Exchange index (PSEi) gained 63.07 … Read more »

‘Patient’ US Fed keeps rate flat

December 18, 2014 8:45 pm

WASHINGTON, D.C.: The US Federal Reserve made no changes to its monetary policy on Wednesday (Thursday in Manila), saying it can remain “patient” before moving to raise interest rates and normalizing its easy-money stance. In a policy statement at the … Read more »

Cebu sets land auction

December 18, 2014 8:44 pm

Cebu City: The Cebu City government is set to bid out two lots amounting to 45 hectares of land within its 300-hectare reclaimed South Road Properties (SRP)—home of SM’s 30-hectare Seaside mall—to contribute to the local government’s funds next year. … Read more »

Century Pampanga presales hit P1.6B

December 18, 2014 8:44 pm

Century Properties Group Inc. (CPG), said its two residential towers in San Fernando, Pampanga have already raked in P1.6 billion in the first three months of pre-selling. The two towers, Monaco and Bali, are part of the Resort Residences within … Read more »

NTC orders unli promo kept for holidays

December 18, 2014 8:43 pm

The National Telecommunications Commission yesterday ordered all telephone companies to provide “unlimited” service promotions during the holidays. The NTC said that all “unli” promos s including internet/broadband access service offerings shall not exclude 23 to 26, December 30 to 31 … Read more »

ADB cuts PH growth outlook

December 17, 2014 9:12 pm

The Asian Development Bank (ADB) has cut its growth outlook for Philippines this year by 0.2 percentage points from 6.2 percent to 6 percent saying slower growth in the third quarter will drag full-year estimates. The Philippines’ six percent growth … Read more »





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