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Several domestic flights have been canceled on Monday as tropical depression Urduja maintains its strength and barrels toward northern Palawan.

The Bangko Sentral ng Pilipinas (BSP) expects sustained growth in foreign direct investment (FDI) inflows as well as lower net outflow of foreign portfolio investments next year amid the country’s strong macroeconomic fundamentals and the ramp up of infrastructure investments.

Share prices are expected to test the 8,600 level this week as market investors welcomed Congress’ move to ratify the Tax Reform for Acceleration and Inclusion (TRAIN), the Duterte administration’s tax reform package.


Last week, the first package of government’s comprehensive tax reform program was ratified by the bicameral committee of Philippine lawmakers. This caused the PSEi to go up 1.2 percent last Thursday and close at 8,461 on P1.1 billion of net foreign buying.

Here we are furiously debating the national security consequences of China Telecom being allowed here to be the third telco. Yet, I heard from a highly informed source that China Telecom isn’t even interested to come… for good business reasons.

Latest Business News

The government’s tax reform program could help lift up to 250,000 Filipinos out of poverty over the next six years, the National Economic and Development Authority (NEDA) said.

More Filipino households receiving remittances from loved ones abroad are turning to savings, the results of a quarterly survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.

The Philippines will push for the protection of farm products as well as advocate for micro, small and medium enterprises (MSME) in the ongoing Ministerial Conference of the World Trade Organization, Trade Secretary Ramon Lopez said.

Ayala-led Manila Water Co. Inc. (MWC), proponent of a water service project in Leyte, has committed to boost investments and assured there would be no tariff adjustments in the first two years of the project as the company focuses on improving service.

The Department of Energy (DOE) is declaring the planned $2-billion liquefied natural gas (LNG) terminal part of the lineup of projects of national significance under Executive Order 30.

Listed property developer Century Properties Group Inc. (CPG) has already pre-sold P1.7 billion worth of residential units of its Batangas mixed-use tourism development.

The Department of Finance (DOF) has ordered the Bureau of Internal Revenue (BIR) to look into the possibility of settling its pending and future tax disputes with state corporations.

Five of the seven firms which submitted bid documents for the design, engineering and construction of the new passenger terminal building of Clark Airport have advanced to the next stage of the tender.

Ayala Land Inc. (ALI), the property arm of the Ayala Group, is sticking to its 2020 revenue targets even with the sale of Family Mart and the possible sale of QualiMed.

Manila Electric Co. (Meralco) is asking the government to reconsider the increase in coal excise tax as the impact will mostly be felt by consumers through higher electricity rates.


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