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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.

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The country’s economy likely grew by 6.7 percent in the last quarter of 2017, according to Moody’s Analytics.

The Philippines now has a very slim chance of being stripped of its Generalized Scheme of Preferences Plus (GSP+) status with the European Union (EU) following a positive assessment which highlighted the Philippines’ progress in areas of labor rights and corruption.

Philippine Airlines (PAL) is suspending its Cebu-Singapore flight operations in March, but increasing the frequency of the Cebu-Bangkok service as part of rationalization of routes.

Sy-led BDO Unibank Inc. has paid clients reported to have been victimized by skimming.

The Philippine Stock Exchange (PSE), operator of the local bourse, was caught by surprise on Friday after the Land Bank of the Philippines announced it was buying a controlling stake in the Philippine Dealing System Holdings Corp. (PDSHC), which operates the country’s fixed income exchange.

Economists of private banks expect inflation to climb this year due to the implementation of the tax reform law, rising global oil prices, weakening peso and higher public spending, according to a survey by the Bangko Sentral ng Pilipinas (BSP).

Nickel Asia Corp. saw a nine percent hike in export sales in 2017 owing to higher prices of nickel in the world market and a favorable exchange rate.

New York-based Wolfgang’s Steakhouse continues to expand its presence in the Philippines as it opens its second branch, prompted by the strong market reception for its brand.

Listed miner Oriental Peninsula Resources Group Inc. is venturing into the power generation business, particularly eyeing investments in renewable energy.

Andrew Tan-led property giant Megaworld Corp. has already sold over 250 commercial prime lots in its proposed central business district in Cavite.


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