Investors swamp 5-year RTB auction

MANILA -- Banks on Monday swamped the Bureau of the Treasury’s (BTr) rate-setting auction for five-year Retail Treasury Bond (RTB) where PHP130-billion worth of debt paper was issued, higher than the PHP30 billion initial offering. Coupon rate of RTB stood at 4.625 percent, lower than the... Read More

Unisys poll: Well-planned cloud migration gets firms eyed savings

BLUE BELL, Pa, USA/Medianet International-AsiaNet/ --Organizations that conducted a thorough return on investment (ROI) analysis before embarking on their cloud migrations were 44-percent more successful in realizing their cost-savings expectations than those that did not, according to a new Unisys... Read More

ASEAN, China, Japan, S. Korea call for open trade system

MANILA -- Japan, China, South Korea and member states of the Association of Southeast Asian Nations (ASEAN) have emphasized the need to pursue an open trading system for the region to allow sustainable growth of trade and investments.In a joint statement released on Monday, the ASEAN and the Plus... Read More

Taiwanese firm offers 'cyanide-free' technology for ore extraction

MANILA -- Taiwanese firm Xin Ye Industry, Ltd. is offering mining companies operating in the Philippines with a "green" technology as it is set to build a second of its about PHP20 million ore stripping facility in the country.A subsidiary of Taiwan Xinye Precious Metal Technology Co., Ltd., the... Read More

ASEAN seen to continue attracting FDIs -- UNCTAD

MANILA -- The 10-member state Association of Southeast Asian Nations (ASEAN) is seen to continue attracting foreign direct investments (FDIs), according to the ASEAN Investment Report (AIR) 2017 of the United Nations Conference on Trade and Development (UNCTAD).The UNCTAD reported that despite the... Read More

NegOcc to develop own hog feeds to save on production cost

BACOLOD CITY -- The Provincial Veterinary Office (PVO) here is working with hog raisers in Negros Occidental to develop a local feed formulation to save on production cost.PVO head Dr. Renante Decena on Monday said up to 80 percent of the raisers’ expenses goes to feeds thus, they should be... Read More

Inclusive digital economy for PH urged

MANILA -- The Philippines needs to improve adoption of digital and financial services to reap the benefits of digital economy and make it inclusive.Philippine Institute for Development Studies (PIDS) President Gilberto Llanto said governments are using digital infrastructure to improve the delivery... Read More

IMF exec cites measures vs possible overheating of PH economy

MANILA -- An increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates is needed if, indeed, signs of overheating in the domestic economy is present.This was pointed out by IMF Resident Representative to the Philippines Yongzheng Yang, who raised the possibility of overheating if the... Read More

Analysts see higher year end economic growth

MANILA -- The higher-than-expected 6.9 percent output of the Philippine economy in the third quarter of 2017, which is still among the highest in Asia, made some analysts consider an increase, while some even hiked, their full year growth projection.Market consensus is 6.6 percent while average... Read More

MWSS cites Manila water’s sustainability programs, CSR projects

MANILA -- The Metropolitan Waterworks and Sewerage System (MWSS) has acknowledged Manila Water’s sustainability programs that made an impact on water provision, water education and environmental protection.“We believe that the overall efforts of Manila Water, our reliable partner over... Read More

MRC, China partner to explore liquefied natural gas projects

MANILA -- A memorandum of understanding (MOU) between publicly-listed firm MRC Allied Inc. and Beijing-based China Energy Engineering Corporation Limited (CEEC) has been signed, confirming both parties’ interest in exploring and developing liquefied natural gas (LNG) projects in the... Read More

China, ASEAN, UNDP jointly launch financing blueprint

JAKARTA, -- China, ASEAN and the United Nations Development Program (UNDP) jointly launched a collaborative report on 2030 Sustainable Development Goals (SDGs) financing in ASEAN on Friday, outlining ways to finance projects to deliver the UN's SDGs program in the region.Entitled "ASEAN-China-UNDP... Read More

8990 Holdings starts P5-B preferred shares offering

MANILA -- Listed mass-housing developer 8990 Holdings Inc. on Friday rolled out PHP5-billion preferred shares in line with its bid to generate fresh funds for expansion.The preferred share issuance is cumulative, non-voting, non-participating, non-convertible, redeemable peso-denominated with an... Read More

Financial literacy services eyed for Mideast OFWs

BAY, Laguna – Plans are afoot to expand the micro-finance group’s financial literacy services for Overseas Filipino Workers (OFWS) in Dubai and other neighboring emirates in the Middle East.Dr. Jaime Aristotle B. Alip, founder and chairman of the Center for Agriculture and Rural... Read More

CLI inks P4-B deal for Davao mixed-use project

MANILA -- Listed homegrown property developer, Cebu Landmasters Inc. (CLI), has signed a joint venture agreement with two firms to build a PHP4-billion mixed-use project in Davao City.CLI is set to expand its footprint in Mindanao with the signing of a deal with Yuson Strategic Holdings Inc. and... Read More

PSEi recovers; peso dips on US tax reform dev't

MANILA - - The Philippine Stock Exchange index (PSEi) recovered Friday after a four-day slip and the peso finished the week little changed against the greenback on positive reports on the proposed tax reforms in the US.The main equities index rose to 8,311.98 points, up 1.27 percent or 104.64... Read More

Zamboanga records 1,000 businesses in 'negative list'

ZAMBOANGA CITY -- The local government has recorded in its "negative list" more than 1,000 business establishments operating in this city.Benjie Barredo, City Permits and Licensing Division chief, on Friday disclosed that establishments included in the list do not have business permits since they... Read More

PSE profit up 45.9% in first 9 months

MANILA -- The Philippine Stock Exchange, Inc. (PSE) on Friday said its profit surged 45.9 percent in the first nine months of the year, boosted by revenues from the sale of its Tektite office space.PSE net profit reached PHP707.35 million in January to September from PHP484.71 million in the same... Read More

DTI chief welcomes high Q3 GDP growth

MANILA -- Department of Trade and Industry (DTI) Secretary Ramon Lopez has welcomed the 6.9-percent gross domestic product (GDP) growth for the third quarter of this year, which exceeded market expectations.Lopez told reporters Friday that the contribution of manufacturing sector to the expansion of... Read More

T-bill rates rise across the board Thursday

MANILA - Average rates of the Philippines’ Treasury bills (T-bills) rose Thursday following the higher-than-expected rise of domestic output for the third quarter of the year, which remains among the highest in the region.Rate of the benchmark paper, which on Thursday was cut to 89-day instead... Read More