February 20, 2017, 4:32 pm
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Business News

Salary hike average slows down to 5%

The average salary increase in the private sector has slowed down to five percent in the last two years, but still more than double the average inflation for the same period.

City of Dreams makes up for Melco’s Macau dearth

Melco Crown Entertainment Ltd. reported that operations from the City of Dreams Manila is making up for the lower contribution of its Macau operations.

Bet for BSP chief vows to ease bank secrecy

A contender to become the next Bangko Sentral ng Pilipinas governor said he would push for the relaxation of the country’s bank secrecy law to facilitate the investigation of money laundering cases.

Gov’t to revamp military, police pension

The Duterte administration will prioritize the review of the pension system of  the military and police force and will look for other sources other than the budget.

Megaworld plans for IT boom in Iloilo

ILOILO CITY. --  Megaworld Corp. is confident of the continued robustness of the outsourcing industry in the  Philippines as it fast tracks completion of  various office projects at the 72-hectare Iloilo Business Park here. 

PH: Ayala hub for car exports

The Ayala Group is expanding its manufacturing business preparing the Philippines as its hub for car exports. Ayala has under its wing four brands, Honda, Volkswagen, Isuzu and KTM. 

Granting of power permits to be eased

The Department of Energy plans to facilitate the granting of licenses and permits to power projects to hasten the integration of the island grids.

Young buyers harder to impress

Filipinos belonging to the so-called Generation Z – those aged 16 to 19 – are harder to impress in comparison to the older generations, a new AdReaction study from Kantar Millward Brown shows.

DOF sees quick rebound for cars after higher tax

While there may be an initial slowdown in car sales if the proposed increase in  car excise taxes is imppassed into law, the Department of Finance (DOF) is confident of a quick recovery.
 

Phoenix Semiconductor to invest P8.5B

Phoenix Semiconductor Philippines Corp. (PSPC), supplier to Samsung Electronics, is pouring an additional $170 million (P8.5 billion)  investment for an expansion project inside the Clark Freeport zone.

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Front Page

Column of the Day

Trillanes to Duterte: Sign waiver of bank secrecy law addressed to BPI

By ELLEN TORDESILLAS | February 20,2017
429 View(s) 0 Comment(s)
‘Trillanes did not fall into the trap of Duterte diverting the issue with his personal insults to him.’

Opinion of the Day

More on the DeLima-Trillanes team

By DAHLI ASPILLERA | February 20, 2017
495 View(s) 0 Comment(s)
‘Sen. Trillanes to President Duterte: “Disclose your bank account deposits!’