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The Bangko Sentral ng Pilipinas (BSP) expects a higher net outflow of foreign portfolio investments or hot money this year due to a series of rate increases by the US Federal Reserve.

The Management Association of the Philippines (MAP) named recently Maynilad Water Services president and CEO Ramoncito “Mon” Fernandez as president for 2018, the 69th person to hold the post since MAP’s inception in 1950.

The Department of Tourism (DOT) is eyeing to boost marketing initiatives to the Indian market as it inks an agreement with a Singaporean air carrier.


Motorcycles have become a common mode of transportation in many countries, not only because they are affordable, consume less fuel, entail low maintenance costs, but more so, because they are convenient given the worsening traffic situation.

Posting sources of joy on social media is difficult to resist.

The time is early December.

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The local insurance industry continued to expand as players recorded a total net income of P27.86 billion in the third quarter, 21.88 percent up from P22.85 billion in the same period last year, the Insurance Commission reported yesterday.

Electric vehicle maker EMotors Inc. has entered into a partnership with Globe Telecom and the W Group to create a benchmark for cashless payment for private electric transport in the country.

Chelsea Logistics Holdings Corp. has acquired more vessels as it pursues its goal to become the country’s prime mover of vital goods, cargoes and people.

Listed Vitarich Corp., one of the country’s pioneers in poultry and feeds manufacturing, has slashed its expected income for the year to P150 million from P300 million due to the bird flu incident during the second semester.

Fullerton Healthcare Corporation Limited (Fullerton Health) announced on December 11 an agreement enabling it to acquire a 60-percent stake in Intellicare Group, one of the leading managed care providers in the Philippines. 

The bicameral conference committee has approved the exemption of the first P250,000 annual taxable income for salary earners.

The unemployment rate in the country slightly increased in October 2017 compared to the same period last year, the Philippine Statistics Authority reported Tuesday.

The Philippines continued to book higher foreign direct investments for the fifth straight month, surging 61.8 percent in September on the back of the country’s strong macroeconomic fundamentals and high growth prospects.

Visitor receipts surged 36.28 percent in the first nine months, driven by the influx of higher-spending Chinese tourists into the country.

The stock market cheered the credit rating upgrade which the Philippines received yesterday, the first upgrade under the Duterte administration.


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