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Top Business News

The Bangko Sentral ng Pilipinas (BSP) is in no hurry to lower the banks’ reserve requirement so as not to send mixed signals to the financial markets.

The national government spent P536.66 billion for debt payments in 2016, up slightly 0.5 percent from P534.14 billion in 2015, data from the Bureau of the Treasury (BTr) showed.

Philippine Airlines (PAL) is set to take in a strategic investor from the airline industry as early as the first-half of this year, its top official said.

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Last March 15, the Fed raised its benchmark interest rate by 25 bps.

The good news is… President Duterte has recognized the risk to our political and economic stability that the impeachment calls will bring.

Latest Business News

Conglomerates are placing bigger bets in the lucrative and less regulated logistics and e-commerce industries as part of plans to grow even bigger.

Del Monte Pacific Ltd. (DMPL) is increasing its sales in China as part of efforts to grow the business.

Even with the change in name, PXP Energy Corp. will continue to focus on existing oil and gas projects while scouting for renewable energy (RE) developments this year.

Mannage Resources Trading Corp. (MRTC) has been given the go signal to withdraw and sell to the domestic market some 20,000 metric tons of steel imported from China.

The wireless unit of PLDT Inc. is aiming to increase 4G or Long Term Evolution (LTE) coverage to a total of 785 municipalities by the end of this year.

Eagle Cement Corp. (ECC), the soon-to-list cement company of the Ang family, expects to dominate the industry by 2020 in terms of capacity as it conquers the Visayas and Mindanao region with a new cement plant in Cebu and terminals across the two islands, its top official said.

The Center for Global Best Practices is holding a seminar titled, “Refresher Course on Business English for Professionals and Executives” on April 27 and 28 at the Marriot Hotel, Resorts World Complex, Pasay City.

Qiān suàn wàn suàn bù zhí tiān yì huá, a Chinese proverb meaning a thousand or ten thousand schemes are no match to one stroke of heaven. John Steinbeck’s own take — “The best laid schemes of mice and men often go awry.

SBS Philippines Corp., a listed chemical trading company, will diversify its business to include acquiring or participating in investments in property related assets.

The Energy Regulatory Commission (ERC) needs to form a policy in centralizing the competitive selection process (CSP) which will create a level playing field for distribution utilities (DUs) and electric cooperative (ECs) in securing power supply deals with generation companies.

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