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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.

Robinsons Land Corp. is opening its second mall in Tacloban, three years after Super Typhoon Yolanda battered the city and the rest of the province of Leyte.


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.

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Customers are expected to bear the brunt of the Court of Appeals’ decision reversing the Energy Regulatory Commission’s order which voided the sharp spike in spot market rates in December 2013.

The Asian Development Bank has upgraded its 2017 and 2018 economic growth forecasts for the Philippines, with infrastructure investments seen to continue playing an important role in the country’s development.

The balance of trade swung to a higher 28 percent deficit in October as imports continued to outpace exports, the Philippine Statistics Authority reported.

The Philippines inched closer to its plan to bring in cattle from Latin American nations after the World Organization for Animal Health laid down guidelines that will allow the country to import the breeding materials.

The stock market went back to negative territory yesterday, a day after the Philippines received a credit rating upgrade.

Listed Rizal Commercial Banking Corp. yesterday turned the tables on Bangladesh Bank, saying the negligence of the foreign bank led to the $81 million cyber heist in February last year.

The Bangko Sentral ng Pilipinas said the possible interest rate hike by the US Federal Reserve this week would have muted impact on the financial markets as this has already been discounted by the market.

The country’s manufacturing output declined in October, driven by a slowdown in chemical production, the Philippine Statistics Authority reported yesterday.

Ayala-owned AC Energy Holdings Inc. has raised its attributable capacity to 1,600 megawatts (MW) after securing project financing for its Dinginin coal-fired power project.

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.


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