AYALA Land, Inc. (ALI) has submitted an application to the Securities and Exchange Commission (SEC) for the country’s maiden real estate investment trust (REIT) offer.
MANILA Water Co., Inc. (MWC) incoming investor Razon-led Prime Metroline Holdings, Inc. is doing a mandatory tender offer of the water company’s shares as part of its acquisition.
IN A briefing in Makati City yesterday, the real estate consultancy services firm Colliers International Philippines said travel restrictions on China due to the novel coronavirus may lead to a shrinking of the Philippine Offshore Gaming Operators (POGOs) sector and a resultant increase in vacancy rates, especially in the Bay Area.
SM Prime Holdings, Inc. has appointed Jose Mari H. Banzon as the new president of its residential property business SM Development Corp. (SMDC).
THE PHILIPPINES has space to adopt expansionary fiscal and monetary policy if risks to economic growth emerge, the International Monetary Fund (IMF) said, even as it expects expansion to improve this year amid downside risks.
JAPAN-BASED Rating and Investment Information Inc. (R&I) has upgraded the Philippines’ credit rating on the back of its positive growth performance, healthy fiscal conditions and its infrastructure development drive.
THE COUNTRY’S dollar reserves slipped at end-January as the government paid its foreign exchange obligations, latest central bank data showed.
THE SPREAD of the novel coronavirus (2019-nCoV) is estimated to hurt the economic growth by 0.3% if the outbreak stays longer or until June largely due to impact on tourism sector, according to preliminary estimates by the National Economic and Development Authority (NEDA).
LOCAL POLITICAL units of areas with popular tourist destinations are imposing restricted entry rules amid the continued threat of the novel coronavirus.
PRESIDENT RODRIGO R. Duterte has issued the order for the implementation of the national zoning plan to contain the spread of the African Swine Fever (ASF).
SANITARY INSPECTIONS for small businesses will soon be devolved to local government units (LGUs) from the Food and Drug Administration (FDA), with Quezon City piloting the program.
THE DEPARTMENT of Justice (DoJ) has ordered a probe on immigration officials allegedly involved in human trafficking and escort services.
THE PHILIPPINE Innovation Act set for implementation could improve the innovation environment in the country, Socioeconomic Planning Secretary Ernesto M. Pernia said, with expenditure on science and technology to increase and be in line with its ASEAN peers.
THE outsourcing sector faces employment concerns as it aims for the higher end of its growth projection.
A LEGISLATOR has filed a bill seeking to lower the price of medicines and medical equipment.
DESPITE the reported increase in the number of dairy animals, this is not enough to reach the desired local milk sufficiency level, the Commission on Audit (COA) said.
THE INSURANCE Commission (IC) has issued a show cause order against pre-need company Prime Care Kaagapay Life Plan, Inc. (Prime Care Kaagapay) on questions of fraud after bank records did not match the company’s claims.
BANKS did not tap the rediscount window of the Bangko Sentral ng Pilipinas for the whole month of January.
THE PESO strengthened on Friday on prospects of another rate cut this year and amid developments in the trade talks between the world’s two biggest economies.
THE HOME Development Mutual Fund (Pag-IBIG Fund) booked a higher income in 2019 on the back of loan payment collections.
THE MAIN INDEX maintained its 7,500 support level at the close of the trading week amid a flat turnout after Friday’s session.
Noting PearlPay’s rising success in reaching parallel communities in the Philippines, Plug and Play Indonesia saw the opportunity to extend the digital toolkit PearlPay provides to Indonesia’s over 1,000 rural banks.
"Life as a startup, especially those with less than three (3) years, is about survival. One of the keys to surviving is to ally and to help each other through stormy weather. But life itself is not all about survival, but having a sense of purpose and develop a friendship with the people that we can grow with, people that will help us become a better version of ourselves."
https://youtu.be/f5K2tsZzhUQ AS SUNFLOWERS, petunias, bonsai plants, and rose cacti decorate the public spaces in the city of Baguio at this time of the year when...
SIX FILIPINO passengers who were on the two domestic flights taken by the Chinese couple who tested positive for the novel coronavirus have shown symptoms of the infection, according to the police unit assisting in the contact tracing.
THE Philippine central bank cut benchmark interest rates on Thursday to take advantage of slower price increases and shield the economy from the effects of a deadly coronavirus outbreak.
A CORONAVIRUS outbreak that has killed hundreds and sickened thousands more in China could dent growth in the next two quarters by an average...
A CORONAVIRUS outbreak that has killed hundreds and sickened thousands more in China could dent growth in the next two quarters by an average 0.3 percentage point each, the central bank said yesterday.
TYPICAL HOUSEHOLDS can expect a P118 cut in their monthly bills for February after new power supply deals helped bring down the cost of electricity, the country’s largest distribution utility said on Thursday.
SAN MIGUEL Corp. (SMC) has secured the registration for its $3-billion (about P152.22 billion) bond program that will finance its infrastructure projects and refinance existing obligations.
PRESIDENT Rodrigo R. Duterte has ordered the Bases Conversion and Development Authority (BCDA) to a two-hectare land in Makati City’s central business district into a bankable project that will benefit military personnel.
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TAGUM Global Medical Center, Inc. (TGMC) has filed an application with the country’s corporate regulator to conduct a P1-billion initial public offering (IPO).
THE Manufacturers Life Insurance Co. (Phils), Inc. or Manulife Philippines has disputed the antitrust watchdog’s charge that the insurance company participated in anti-competitive agreements.
LOGISTICS company United Parcel Service, Inc. (UPS) is looking to roll out more service enhancements this year as it aims to boost its support for small and medium-sized enterprises (SMEs) in the Philippines.
FILINVEST Development Corp. (FDC) has submitted its registration statement with the Securities and Exchange Commission (SEC) for its planned offer of up to P15-billion fixed-rate bonds.
A DOCUMENTARY film festival has successfully reached its fundraising goal to bring home some of the oldest existing documentaries on the Philippines which are stored in the British Film Institute.
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Thursday said its container terminal in Buenos Aires, Argentina signed a contract with Taiwanese shipping line Evergreen Marine Corp. Taiwan Ltd. to launch shipping service to Asia and the Far East.
AS SUNFLOWERS, petunias, bonsai plants, and rose cacti decorate the public spaces in the city of Baguio at this time of the year when it holds the Panagbenga Festival, visitors learn that neither earthquakes nor viruses can keep a good city down.
FLAG CARRIER Philippine Airlines (PAL) will be deploying “special flights” between Manila and Xiamen on Monday next week to carry stranded passengers after their flights were canceled when President Rodrigo R. Duterte ordered a travel ban.
INDIA’S CENTRAL BANK left interest rates unchanged for a second straight meeting, while keeping the door open for more easing to support the economy when inflation eases.
KIRK DOUGLAS, the cleft-chinned movie star who fought gladiators, cowboys, and boxers on the screen and the Hollywood establishment, died on Wednesday at the age of 103, his son Michael Douglas said.
A COMMUNITY coalition supporting the Australian firm OceanaGold is registering at the Securities and Exchange Commission while disputes on the mining company’s local operations continue.
PALO ALTO, Calif. — The Federal Reserve is looking at a broad range of issues around digital payments and currencies, including policy, design and legal considerations around potentially issuing its own digital currency, Governor Lael Brainard said on Wednesday.
WASHINGTON -- The US Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc. executive from the banking industry over his role in Malaysia’s multi-billion-dollar 1MDB corruption scandal.
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