February 20, 2017, 2:20 pm
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Business News

BIR forces retirement of 300 e

February 16, 2017
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At least 300 employees of the Bureau of Internal Revenue have already left the agency as a result of an on-going crackdown on graft and corruption, Commissioner Caesar Dulay told lawmakers yesterday.

Ayala sets P88B capex; nets P2

by Ruelle Albert Castro on February 16, 2017
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Ayala Land Inc.plans to spend P88 billion this year, up three percent percent from last year’s P85.4 billion. The company also reported profit growth of 19 percent last year to P20.91 billion from P17.63 billion.

EXCEEDS FORECAST: OFW remittan

February 16, 2017
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Money sent home by overseas Filipinos (OFWs) reached a new record last December, causing the full-year total to breach the 4 percent growth forecast of the government.

Pagcor income up 18%

February 16, 2017
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The Philippine Amusement and Gaming Corp.’s (Pagcor ) net income in 2016 rose 18 percent to P4.46 billion from P3.78 billion.

PLDT to complete P1B Agusan, D

February 16, 2017
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PLDT Inc., said it expects to complete this year its P1 billion fiber-optic cable link that directly connects the provinces of Agusan to Davao.  This will boost the capacity and strengthen the resiliency of its network, connecting more homes and businesses in Mindanao. 

Basic buys into Thai company

February 16, 2017
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Listed power development firm Basic Energy Corp. (BEC) has finalized the subscription of shares of stock with Thai company Vintage Engineering Public Co. Ltd. (VTE) for a strategic partnership to pursue exploration, development and production of renewable energy resources in the Philippines and abroad. 

Insular offers plan for criti

February 16, 2017
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Insular Life recently introduced a new, stand-alone yearly renewable term plan that provides a monthly allowance for three years from the time a critical illness is diagnosed.  There are 35 critical illnesses covered under this plan. 

Cebgo now flies to Masbate, Ta

February 16, 2017
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Cebu Air Inc., said its budget carrier Cebgo said it is now flying to Masbate and Tablas as it expands its network to two of the fast-rising areas in Luzon. It made its maiden flight for the two  destinations yesterday, February 15,2017. 

$10B PROJECTS FIZZLE OUT: DENR

by Jed Macapagal on February 15, 2017
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The Department of Environment and Natural Resources (DENR) yesterday cancelled 75 mining contracts, 24 percent of the existing 311 contracts given by the government.

DOF forecasts higher inflation

by ANGELA CELIS on February 15, 2017
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Inflation would be higher in the coming months but would remain within the government target of two to four percent.

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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
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‘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
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‘Sen. Trillanes to President Duterte: “Disclose your bank account deposits!’