March 27, 2017, 6:35 pm
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Business

Business

Ayala ramps up RE portfolio

By Ruelle Albert Castro | March 27, 2017
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Ayala Corp. expects to ramp up its renewable energy (RE) holdings   in the next four years as the company pushes to raise its attributable power portfolio to 2,000 megawatts (MW) from the current 1,300 MW. 
 

Fitch downgrades Saudi Arabia

March 24, 2017
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DUBAI- Fitch Ratings cut its assessment of Saudi Arabia’s credit quality on Wednesday, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans.

Amazon to buy ME online reta

March 24, 2017
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DUBAI- Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said on Wednesday.

SE Asia stocks up on Wall St.

March 24, 2017
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Southeast Asian stock markets rose in line with Asian peers on Thursday, reversing the previous session’s losses on cues from Wall Street which ended mixed overnight with an upside bias.

Oil bounces off Nov lows

March 24, 2017
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SINGAPORE- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.

BIR files P9.5B tax evasion ca

by ASHZEL HACHERO on March 23, 2017
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The Bureau of Internal Revenue (BIR)  yesterday filed a P9.564-billion tax evasion case before the Department of Justice against cigarette maker Mighty Corp. and its officials for  using bogus tax stamps on their products to evade the payment of excise tax to the government.

PH businesses most optimistic

March 23, 2017
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The Philippines emerged as the most optimistic country in Asia in a poll that measured the business sentiment at Asia’s top companies.

Q1 GDP seen at above 6.5%

by ALBERT CASTRO on March 23, 2017
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First Metro Investment Corp. expects the economy to grow more than 6.5 percent for the first quarter of the year.

BSP seen to keep rates steady

March 23, 2017
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The Bangko Sentral ng Pilipinas is unlikely to pull the rate-hike trigger at its policy meeting today, but may signal its readiness to act soon to keep accelerating inflation in check.

Exports still growth driver i

March 23, 2017
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Despite the dramatic decline in global trade coupled with protectionist forces in advanced global economies, exports will remain a major growth driver for most Asian economies such as the Philippines, according to an economist from the Asian Development bank (ADB).

PH bond issuance stands at P4.

by ALBERT CASTRO on March 23, 2017
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Bond issuance in the Philippines now stands at a cumulative P4.87 trillion ($98 billion) as it grew 2.3 percent in the fourth quarter of last year compared to the prior year, according to the Asian Development Bank (ADB). 

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Front Page

Column of the Day

Duterte immobilized

By DODY LACUNA | March 24,2017
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‘He should deter the AIDS outbreak victimizing the youth whom he has pledged to protect always.’

Opinion of the Day

Reviving Laguna de Bae (2)

By DAHLI ASPILLERA | March 27, 2017
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‘Industry and residents must be disciplined; penalized. “We are doing all these for the local subsistence fishermen.” – Jaime Medina, LLDA general manager.’