The Daily Manila Shimbun

 

Metro Pacific says it still keen on contract to operative five regional airports despite changes in terms   

January 15, 2017

Metro Pacific Investments Corp. said it remains keen on a contract to operate and maintain five regional airports despite changes in terms. “It looks like its a major change from what it was. But we will still look at it,”

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Philippines wants to channel 1 trillion yen ODA to Mindanao, northern areas: official

January 15, 2017

The Philippine government wants to allocate Japan’s one trillion yen or about $9-billion pledge of assistance to projects that will bring development in Mindanao and northern part of Luzon, an official said. In a press conference in Davao City on

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Philippines renews calls to Japanese firms to invest

January 13, 2017

DAVAO CITY- Philippine officials renewed on Friday their call to the Japanese locators to invest in the country, including Mindanao. In a business forum in Waterfront Insular Hotel , Trade and Industry Secretary Ramon Lopez cited several opportunities for investors

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Stocks dip for the third session

January 13, 2017

Stocks closed lower for the third straight session on Friday as the Philippine Stock Exchange Index closed 26.03 points down to  end 7,238.52 points. Volume was  1.43 billion  shares valued at P5.37 billion from Thursday’s  turnover of 2.68 billion shares

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San Miguel spending up to P281 billion up to 3 years expand existing business

January 13, 2017

San Miguel Corp. said it would be spending up to P281 billion over the next three years to fund the expansion of its existing businesses. Ferdinand  Constantino, chief finance officer and treasurer of San Miguel Corp. told the stock exchange

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86% of households don’t have a deposit account: central bank survey

January 13, 2017

Eighty-six percent of households do not have a deposit account which means the remaining 14 percent save their money in banks, a central bank survey said Friday. In its 2014 consumer finance survey, it said the “foremost reason cited by

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Stocks end lower for second straight day

January 12, 2017

Stocks closed lower for the second straight trading session on Thursday as the Philippine Stock Exchange index ending 57.27 points down to finish at 7,264.55. Volume increased at 2.68 billion shares worth P5.95 billion from Wednesday’s 1.74 billion shares valued

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Foreign portfolio investments yielded $354 millions of inflows in 2016

January 12, 2017

Foreign portfolio investments last year yielded net inflows of $354 million, reversing outflows of $600 million in 2015, the central bank said Thursday. The inflows were largely due to an initial public offering by an industrial company, equity investments in

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