Diokno assures Immigration personnel of enough funds to pay for overtime

February 24, 2017

Budget Secretary Benjamin Diokno said there are funds for allowances of employees of the Bureau of Immigration (BI) who render overtime services. In a statement on Friday, Diokno said ““a total of P224.835 million has been appropriated in the FY

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PSE net income 3% up in 2016

February 24, 2017

The Philippine Stock Exchange Inc. said Friday it posted a net income of P701.54 million in 2016 three percent higher than P682.61 million in 2015. The increase was driven by a four percent growth in operating revenues to P1.26 billion

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IMF mission forecasts higher inflation for 2017

February 24, 2017

The International Monetary Fund (IMF) sees inflation rising to 3.6 percent in 2017 even as the outlook for the Philippine economy continues to be favorable. Inflation last January was at 2.8 percent, a two-year high, from year-ago figure of 1.8

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Semirara Mining and Power Corp income hits record high P12B

February 24, 2017

Integrated energy company Semirara Mining and Power Corp. hit all-time- high net income of P12 billion in 2016, a 42 percent improvement from P8.47 billion the previous year. Higher coal and power sales accounted for the record performance, a disclosure

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Metrobank registers P18.1 billion profit in 2016

February 24, 2017

Metropolitan Bank & Trust Company  (Metrobank) reported a consolidated net income of P18.1 billion in 2016, it said in a disclosure to the Philippine Stock Exchange Friday. Net income in the fourth quarter alone was at P5.5 billion, three higher

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Groups back finance department’s call for lower estate tax, one-time amnesty

February 24, 2017

The National Tax Research Center (NTRC) and several groups have expressed their support for a legislative proposal granting a one-time amnesty on estate tax payments and  lowering its rate  from the current 5-20 percent to a  flat 6 percent, as

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Stocks, peso end a bit higher

February 23, 2017

Stocks closed slightly higher on Thursday as the Philippine Stock Exchange index settled 31.11 points up to end at 7, 335.56 points. The broader market was mixed with 92 gainers and 82 losers while 51 issues were unchanged. Volume rose

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Ayala Corp. gets 43.3 percent stake in online fashion platform

February 23, 2017

Ayala Corp. signed a deal recently to get 43.3 percent ownership in BF Jade E-Service Philippines, which owns and operates Zalora Philippines, the country’s biggest online fashion platform. In a disclosure to the Philippine Stock Exchange on Thursday, Ayala Land

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