Global shares lower in muted trading ahead of Thanksgiving

TOKYO—Global shares were mostly lower in muted trading last Monday ahead of the Thanksgiving holidays in the United States, as gloom carried over from...

PHL continues to bleed dollars in October

The balance of payments (BOP), or what is left after the country’s foreign-currency expenses are deducted from its foreign-exchange earnings, stood as a deficit...

Hiked pensions boost 9-month SSS benefits payout

The benefit payouts of the Social Security System (SSS) increased by more than 30 percent to P127 billion as of the third quarter that...

Fintech firm preselling cryptocurrency for retail markets

Fintech service firm Appsolutely begins preselling LoyalCoin (LYL) cryptocurrency as a prelude to its token-generating event on December 11. Appsolutely will release 4.75 billion...

Professional group, ING Bank name Limcaoco CFO of the Year

Global financial-services firm ING Bank and finance professionals group Financial Executives Institute of the Philippines (Finex) announced on Monday Teodoro K. Limcaoco of Ayala...

Maynilad prepares for delay in Kaliwa Dam construction

MAYNILAD Water Services Inc. (MWSI) said it may put up a third water-treatment plant in Putatan, Muntinlupa, if it sees further delays in government’s...

Automobile firms post high sales in 10 months

COMBINED sales of car companies increased by 16 percent from January to October, according to the Chamber of Automotive Manufacturers of the Philippines Inc....

Oil companies cut prices at pumps

AFTER five consecutive weeks of oil-price hikes, four companies announced on Monday a reduction in their respective products that will take effect at 6 a.m. on...

Udenna expands property business via Clark purchase

THE Udenna Group is expanding its real-estate portfolio with the strategic acquisition of a 177-hectare prime property development within the Clark Freeport Zone. Clark Global...

SE Asia’s economic boom reaches Thailand

AN economic boom that’s reverberated across Southeast Asia has finally crossed over to Thailand. The economy, which has lagged its neighbors this decade, is projected...

Cambodia’s top court orders opposition party dissolved

PHNOM PENH, Cambodia—Cambodia’s Supreme Court ordered the country’s main opposition party to be dissolved last Thursday, dealing one of the most crushing blows yet...

PHL selling 1.4B RMB or P10.7B panda bonds

The Department of Finance (DOF) said the grants China provided to the Philippines, as well as its support in the planned panda bond sale,...

Real-time posting of SSS member contribution begins next year

The Social Security System (SSS) will begin so-called real-time posting of member-contribution payments under its electronic collection system (e-CS) by January next year that...

Manila’s turn to host customs meeting in 2018

The Bureau of Customs (BOC) said the Philippines will host a working meeting with the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-Eaga) in 2018,...

Proposed OFB marketed as inclusive lender

Finance Secretary Carlos Dominguez III last Sunday welcomed Malacañang’s approval of the acquisition of the Philippine Postal Savings Bank (PPSB) by the Land Bank...

Piñol wants NFA to procure other farm goods

The chief of the Department of Agriculture (DA) is requesting President Duterte to issue an executive order (EO) that would restore the powers of...

Asean summit done—and now?

The Association of Southeast Asian Nations summit and the bilateral talks with cooperating nations, from Japan to Australia, from the European Union (EU) to...

Metro Pacific to float bonds, list hospital units to raise funds

SYDNEY, Australia—Metro Pacific Investments Corp. (MPIC), a conglomerate that is into most profitable businesses in the Philippines, said it will make its maiden bond...

PSE nets P707M in Jan-Sept on sale of Tektite office space

THE Philippine Stock Exchange Inc. (PSE), the operator of the country’s equities market, said its net income grew 46 percent (PSE) in the nine...

MetroPac Water targets ‘dozens’ of water districts

SYDNEY, Australia—Metropac Water Investments Corp., the water unit of conglomerate Metro Pacific Investments Corp. for operations outside Metro Manila, may take over or partner...