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Top Business News

BPI Sinag, one of BPI Foundation’s social innovation platforms, continues to empower social entrepreneurs in the Philippines.

Korean manufacturing companies in the Philippines are packing up and leaving the country for Vietnam where they see lower costs and an easier way of doing business.

Term deposit rates moved sideways yesterday as banks anticipate a higher demand for cash ahead of the long weekend as well as higher lending, the Bangko Sentral ng Pilipinas said.


In 2006, more than a decade ago, the highly moving documentary “An Inconvenient Truth” swept the world with its message of global warming and the threat of climate change on Earth.

As another week has quickly passed us by, we are getting closer to the ASEAN Business Awards Gala Night this coming September!

Latest Business News

Pryce Corp. is expanding the capacity of its liquefied petroleum gas (LPG) terminals to solidify its position as one of the country’s major distributors of cooking gas in Visayas and Mindanao, company officials said.

State-run Power Sector Assets and Liabilities Management Corp. expects the privatization of the 650-megawatt (MW) Malaya Thermal Power Plant in Rizal to proceed this year to be able to close the sale in 2018, its top official said.

The Department of Public Works and Highways is seeking a consultant for the feasibility study of the Quezon-Bicol Expressway project, which is being pursued as a regular solicited public-private partnership project.

The strong economic expansion in the second quarter gives monetary authorities flexibility to keep an accommodative monetary policy stance, according to the Bangko Sentral ng Pilipinas.

The Bangko Sentral ng Pilipinas (BSP) is expected to turn haw-kish and deliver a rate hike in the fourth quarter amid rising inflation and the continued weakening of the peso against the dollar, ING Bank and ANZ Bank said over the weekend.

The government’s rightsizing program will be high on the priority list of reforms under the Duterte administration, but would not result in mass layoffs, said Socioeconomic Planning Secretary Ernesto Pernia.

The Asian Development Bank (ADB) has signed an agreement with South Korea-based Green Climate Fund (GCF) to scale up its climate finance delivery in developing member countries.

Net profit of San Miguel Corp. unit South Luzon Tollway Corp. (SLTC) declined 19 percent to P750.61 million in the second quarter from P926.50 million a year ago due to higher cost of service.

The Philippine Retirement Authority (PRA), an attached agency of the Department of Tourism(DOT),  hopes to attract 10,000 new members this year.

Flag carrier Philippine Airlines (PAL) is allowing passengers to use the internet for free for 30 minutes or 15 MB on its flights and to surf longer for the rest of the trip at 50 percent off, as part of improving its service.


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