‘Good reception’ seen as RTB sale begins
THE FIRST DAY of sale of the three-year retail Treasury bonds (RTB) bared strong demand for the debt papers amid ample liquidity in the market.
Infrastructure, other capital outlays surge
STATE SPENDING on infrastructure and other capital outlays nearly doubled in April as the government ramped up construction and improvement of roads and flood control systems and bought more equipment for its schools, the Budget department reported on Wednesday.
BSP readies regular poll on bankers’ outlooks
THE BANGKO SENTRAL ng Pilipinas (BSP) will conduct a regular poll to get bank executives’ outlook on economic growth and business prospects.
URC to build P1-B Vita Soy facility
UNIVERSAL ROBINA Corp. (URC) is investing around P1 billion to build a new facility that will locally produce its Vita Soy drinks, its chairman said.
Meralco to build microgrids outside franchise area
MANILA ELECTRIC Co. (Meralco) plans to build microgrids outside its franchise area to serve communities that remain without access to electricity, its president said.
VLL to end year with 30 malls
VISTA LAND & Lifescapes, Inc. (VLL) targets to have 30 Vista Malls by the end of 2018, located near its master planned projects to support the needs of its residents.
PhilCare rolls out OFW plan
PHILHEALTHCARE, INC. (PhilCare) is rolling out a new product catering to overseas Filipino workers (OFWs) starting with those based in Israel, as part of the firm’s venture into alternative market segments to expand their coverage.
Consultations geared up prior to bidding on 3rd telco player
THE TERMS of reference (ToR) for the bidding on the third major telecommunications player are being finalized as government agencies aim to resolve issues on the additional player.
House panel mulls local tax shield for firms in line with TRAIN 2
THE HOUSE committee on ways and means will look into how businesses in the Philippines can be shielded from dealing with varying tax schemes among local government units while still rationalizing fiscal incentives under the second package of the tax reform program.
Duterte reaffirms ‘entire island’ of Boracay to go under land reform
AMID REHABILITATION efforts in the tourist island of Boracay, President Rodrigo R. Duterte said on Wednesday, “I’m declaring land reform for the entire island of Boracay.”
BSP requires longer-term liquidity buffer
THE BANGKO SENTRAL ng Pilipinas (BSP) has approved new guidelines that will require banks to hold ample liquidity buffers covering a whole year, in keeping with global standards for a solid asset base.
Finance dep’t disputes fall in Philippines’ competitiveness rank
THE DEPARTMENT of Finance (DoF) on Tuesday disputed the International Institute of Management Development’s (IMD) latest World Competitiveness Rankings report that saw the Philippines’ dropping nine rungs, arguing that this was not consistent with data.