Business

PH eco freedom rank zooms up

January 28, 2015 8:48 pm

One of 10 countries with fastest improvements in status The Philippines is one of the 10 countries with the fastest improvements in scores for “economic freedom” in 2015, US-based think tank Heritage Foundation said in a report. In the “2015 … Read more »

Jan inflation seen within 1.8%-2.7%

January 28, 2015 8:46 pm

The country’s headline inflation rate likely fell within the range of 1.8 percent to 2.7 percent in January as price pressures continued to ease according to Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. Tetangco in a text message … Read more »

ADB funds Cebu airport upgrade

January 28, 2015 8:43 pm

Project financing wrapped up at P23.3B The Asian Development Bank (ADB) has approved a $75-million (P3.3 billion) loan for the expansion and renovation of Mactan-Cebu International Airport to boost passenger traffic, support inclusive growth, and mark the first large-scale public-private … Read more »

Analysts see ‘14 GDP at 5.7%-6%; below govt target

January 28, 2015 8:37 pm

Analysts said the Philippine economy in 2014 likely grew at a slower pace than the official target of 6.5 percent to 7.5 percent as the agriculture sector remained weak and as fiscal spending remained sluggish. Despite their shared view that … Read more »

Security Bank raises $300M

January 28, 2015 8:35 pm

Security Bank Corp. has tapped the international markets to raise $300 million via a five-year dollar-denominated bond issue to finance expansion plans and for other corporate purposes. In a statement, the bank said it has completed the issuance of $300 … Read more »

Getting around financial inclusion hurdles

January 28, 2015 8:34 pm

In a recent study conducted by the Asian Development Bank, the Philippines turned out to be well behind its regional peers when it comes to financial inclusion. According to the study, the Philippines was at the 120th spot, while its … Read more »

Stocks sustain record-breaking rise

January 28, 2015 8:31 pm

Philippine equities rose further into record territory in Wednesday’s trade, with expectations of positive economic growth for the fourth quarter of last year sustaining investor interest despite losses on Wall Street overnight. The Philippine Stock Exchange index (PSEi) gained 30.61 … Read more »

Shell to complete 3 projects in 2015

January 28, 2015 8:30 pm

Pilipinas Shell Petroleum Corp. expects to complete three major projects this year starting with the P6-billion import terminal in Cagayan de Oro. The other two projects include the Malampaya platform and the upgrade of its Batangas refinery. The three projects … Read more »

RCBC okays Cathay Life’s P17.9B stake in bank

January 28, 2015 8:28 pm

The board of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) on Wednesday approved Cathay Life Insurance Co. Ltd.’s bid to acquire a 20 percent stake in the bank in line with RCBC’s fundraising for its core equity tier 1 capital … Read more »

Megaworld’s Binondo Tower to open in 2017

January 28, 2015 8:27 pm

Megaworld Corp. is set to open its P4.5-billion condominium tower in Chinatown, Binondo in Manila by the first quarter of 2017. “The project is on schedule,” said Wilson Sy, head of sales and marketing of Megaworld’s Chinatown Group, noting that … Read more »





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