8990 eyes P4 billion in sales from Tondo project

Mass housing developer 8990 Holdings, Inc. looks to generate P4 billion in sales from its Tondo project this year, noting the uptick in demand...

Foreign direct investments surge

FOREIGN direct investments surged in March from a year ago and from the preceding month on the back particularly of equity capital placements amid sustained confidence in Philippine prospects, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.

DoF seeks to improve carriers’ tax

THE GOVERNMENT is reviewing the common carriers tax imposed on international air and sea cargo vessels in hopes of ensuring a level playing field and improving the country’s competitiveness in the sector, the Department of Finance (DoF) said in a statement on Monday.

Malaysia’s Mahathir says growing economies need trade protection

TOKYO -- Growing nations like Malaysia need different trade protections and, while Kuala Lumpur is not against trade pacts such as the Trans Pacific Partnership, the TPP must be renegotiated, Malaysian Prime Minister Mahathir Mohamad said on Monday.

MPIC unit completes deal for Vietnam water firm

A UNIT of Metro Pacific Investments Corp. (MPIC) has completed the acquisition of a 49% stake in Vietnamese company that will allow its expansion into the Southeast Asian country’s industrial water concessions, the listed company told the stock exchange on Monday.

Ready for takeoff? More females training to be pilots

MORE WOMEN are earning their wings now, not as Victoria’s Secret fashion models but as pilots. Flight school Alpha Aviation Group (AAG) in Clark, Pampanga is saying it is preparing to train more women to become pilots.

DMWAI’s lower IPO price may spark interest

PROPERTY DEVELOPER and construction firm D.M. Wenceslao & Associates, Inc. (DMWAI) has priced its initial public offering (IPO) at a discount, which analysts said would make the offer more attractive to investors given the persistent volatility in the stock market.

Treasury bills on offer partially awarded

THE GOVERNMENT partially awarded the Treasury bills (T-bill) it offered on Monday to temper the rise in rates as yields bid by banks climbed across all tenors amid slower-than-expected inflation.

Rediscount borrowings climb to P1.266 billion

BANKS SECURED bigger loans under the central bank’s peso rediscount window in May to fund more commercial lending and asset purchases at a time of higher borrowing costs.

DBM’s Diokno says not yet time to lower value-added tax rates

THE GOVERNMENT will let the comprehensive tax reform proposals run their course first before studying the possibility of a lower value-added tax (VAT) rate, the Budget secretary said.