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Top Business News

The government is set to borrow P195 billion from domestic sources through the issuance of Treasury bills and Treasury bonds in the third quarter, the Bureau of the Treasury said yesterday.

Melco Resorts and Entertainment Philippines Corp., the operator of City of Dreams Manila, is doubling its authorized capital stock in preparation for future fund raising opportunities.

The local stock market tracked positive sentiments abroad to start the week on a strong note.

Columns

Solid Group Inc., which made big waves when they launched the country’s first truly Filipino phone brand MyPhone, is once again showing all and sundry that innovation is in their DNA.

Mistakes in proper names are almost unforgivable. In my column last week, the president of the ADB’s name Takehiko Nakao was mistaken.

It’s been almost one year since President Duterte assumed office with a very loud promise for change.

Latest Business News

Manulife Asset Management and Trust Corp., the asset management arm of Manufacturers Life Insurance Co. Inc., has received a certificate of authority to engage in trust and other fiduciary business in the Philippines from the Bangko Sentral ng Pilipinas.

Flag carrier Philippine Airlines has expanded operations in Tagbilaran in Bohol through the launch of two new flights.

The National Grid Corp. of the Philippines is preparing to formalize its agreement for the government’s national broadband program by using the fiber optics network in the transmission grid to improve internet speed in the country.

Philex Mining Corp. hopes to continue taking care of the environment beyond what is required by law as it spent P89.53 million, or 20.5 percent of its total budget of P436.94 million for this year’s environmental and enhancement projects, including the management of land and water resources, hazardous waste, and air quality, as well as the third-party monitoring of mine facilities.

The Department of Environment and Natural Resources is set to release next month the final assessment of the mining contracts which have been ordered suspended and canceled by the agency’s former secretary Gina Lopez in an intensified government crackdown on mines deemed destructive to watersheds.

The government is set to break ground next month on the P13-billion second phase of the Balog-Balog Multipurpose Project in Tarlac, one of the country’s most expensive irrigation projects.

Export earnings from abaca products fell 1.52 percent in January, mainly due to lower shipment volume of cordage and fiber craft products, the Philippine Fiber Industry Development Authory said yesterday.

Trade Secretary Ramon Lopez justified on Tuesday that presidential foreign trips are “very productive visits” as international commitments and business investments flourished after President Rodrigo Duterte led this year’s Association of Southeast Asian Nations summit.

Exporters are calling on both the public and private sector to implement reforms necessary to help boost exports as they set their sights on achieving an ambitious $100-billion revenue target over the medium term.

The electronics and semiconductor industry is seeking more government support as the country’s top exporter moves to slash significantly its import dependence.

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