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Local banks continued to tighten their credit standards for real estate loans to corporations in the fourth quarter of 2017, results of a Bangko Sentral ng Pilipinas (BSP) survey showed.

Volume of cargo at the country’s ports registered flat growth from January to November last year, according to the Philippine Ports Authority.

The stock market may finally breach the 9,000 mark soon following the strong performance of the benchmark index in the latter part of last week.


Last week, the Department of Finance (DOF) submitted the second package of the Duterte administration’s comprehensive tax reform program to Congress. The second tranche of tax reform is envisioned to be revenue neutral as it aims to lower corporate income taxes and rationalize fiscal incentives.

The start of a new year is a good way to see where we are as far as pending government promises and projects are concerned. There are plus and minuses… developments that give us hope and those that make us more cynical.

Latest Business News

The Bangko Sentral ng Pilipinas is set to issue tighter regulations requiring financial institutions, particularly banks, to elevate the level of their cybersecurity standards.

The Philippine Stock Exchange index went down yesterday as investors decided to take profits once again, analysts said.

The government spent P142.1 billion for infrastructure projects in the third quarter, up 15.4 percent from P123.2 billion in the same period last year, the Department of Budget and Management reported yesterday.

As it continues to police its ranks, the country’s mining industry is set to adopt Canadian practices, which have been globally recognized for its standards.

Tan-controlled Philippine National Bank raised P6.35 billion from the issuance of long-term negotiable certificates of time deposits, more than double the issue size of P3 billion.

A Brown Co. Inc. is entering the renewable energy sector with around 120 megawatts of hydropower projects under development, its top official said yesterday.

Media and entertainment firm ABS-CBN Corp. has entered into an agreement with digital television operator StarTimes to air more Kapamilya programs across Sub-Saharan Africa.

SBS Holdings and Enterprises Corp., a wholly owned subsidiary of listed chemicals company SBS Philippines Corp., continues to strengthen its property business through the acquisition of more land.

The Bangko Sentral ng Pilipinas is set to put in place a fresh wave of foreign exchange liberalization measures aimed at facilitating the ease of doing business in the country.

MRC Allied Inc. is in talks with XRC Mall Developer Inc. to put up solar rooftop panels in its community malls.


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