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Investment approvals by the Board of Investments soared to an all-time high this year, surpassing by nearly a quarter the full year target of P500 billion.

Flag carrier Philippine Airlines has obtained the go-signal of the Securities and Exchange Commission to undergo equity restructuring to eliminate its deficit as of last year.

Stock investors went back looking for bargains yesterday, pushing the benchmark Philippine Stock Exchange index to rally to the 8,400 level anew.

Columns

He had grey-white hair around his balding scalp. He had a back severely hunched and he walked very slowly that one might hear the creak of old bones with each step. One would have to get so close to him to hear his voice, which was almost a whisper.

We give way to our readers once again. This time, we share two views: one comes from Willy Arcilla commenting on the Philippine economy as a whole and the other is from Cesar Ortiz on the efforts of a cooperative to champion savings in the country. Please read on.

Latest Business News

There are many stumbling blocks besetting the Duterte administration’s Build BuildBuild program, but the government is hoping to finish at least half of the 75 planned projects by the end of President Duterte’s term in 2022, Finance Secretary Carlos Dominguez said.

Alsons Consolidated Resources Inc. of the Alcantara Group is looking to raise up to P2.5 billion from the sale of commercial papers to refinance existing debts.

Petron Corp. is looking to nearly double the capacity of its existing Bataan refinery after it made an offer to Philippine National Oil Co. to develop the 220-hectare energy city government property in Limay, Bataan.

The government remains keen on pushing through with the privatization of the United Coconut Planters Bank, the Department of Finance said last week.

The country’s export group is expecting a robust turnout for merchandise exports this year with a double-digit growth forecast, supported by the continued recovery of major markets, the depreciation of the peso against the dollar, and efforts to double funding for overseas product promotions.

The weakening of the peso against the dollar coupled with stronger demand have raised expectations for Philippine electronics exports this year, a group representing the country’s key semiconductor industry said.

The country’s inflation rate may exceed 3.4 percent this year due to the impact of higher oil prices as well as the wage hike in Metro Manila, according to the Bangko Sentral ng Pilipinas.

The Bureau of the Treasury is planning to increase the issuance of Treasury bills in 2018 to take advantage of the high demand for short-term securities.

The Bangko Sentral ng Pilipinas (BSP) is revising its assumptions on the country’s external payments position to take into consideration recent developments affecting the domestic economy.

The Philippines is reviving its plan to join the Trans-Pacific Partnership (TPP) even as the mega-trade deal pushes through without the US, the Department of Trade and Industry said.

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