TDF auction undersubscribed

MANILA - - Rates of the central bank’s Term Deposit Facility (TDF) registered mixed results Wednesday even as both the seven- and 28-day facilities were undersubscribed.Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday showed that weighted average accepted yield of the... Read More

Unisys Corp.’s Digistics bags customer choice award

SINGAPORE / Medianet International-AsiaNet/ --Unisys Corporation ( has won the Customer Choice Award for IT Service Provider of the Year at the recently concluded Payload Asia Awards.The New York-listed firm (NYSE: UIS) got the prize for its Digistics... Read More

PH inflation rises to 3.5% in October

MANILA -- The country’s inflation rate slightly rose to 3.5 percent last October, a percentage point higher than the previous month’s 3.4 percent.The Philippine Statistics Authority (PSA), an attached agency of the National Economic and Development Authority (NEDA), said the faster price... Read More

Ayala Land net income up 18%

MANILA -- Property giant Ayala Land Inc. (ALI) grew its profit by 18 percent in the first nine months of 2017, driven by strong residential sales.ALI told the local bourse its net income reached PHP17.8 billion in January to September from PHP15.08 billion during the same period last... Read More

South Cotabato papaya invades South Korea

GENERAL SANTOS CITY -- The popular fresh solo papaya of Tupi town in South Cotabato has finally reached the fruit market of South Korea.Milagros Casis, Department of Agriculture (DA) Region 12 director, said Tuesday Tupi papaya producers had made their first shipment to South Korea last week through... Read More

6 firms named best employers in PH for 2017

MANILA -- Six companies were named as Best Employers in the Philippines for 2017 by Aon, a leading global professional services firm for risk, retirement, and health solutions.On Tuesday, Aon awarded the firms American Express International Inc., DHL Express Philippines Corp., Home Credit... Read More

IT-BPM readies investments on artificial intelligence

MANILA -- The Philippines’ Information Technology and Business Process Management (IT-BPM) industry is readying investments on artificial intelligence (AI) to seize opportunities from digital technology.Contact Center Association of the Philippines (CCAP) President Jojo Uligan said on the... Read More

Gov't welcomes private firms' support for Marawi rehab

MANILA -- The government welcomes private sector support in its rebuilding efforts in war-stricken Marawi City, as it prepares a preliminary programming for the PHP5-billion fund earmarked for the reconstruction and repair until the end of the year.“Whether the national government welcomes... Read More

Anflo eyes huge China market for premium bananas

DAVAO CITY – Homegrown conglomerate Anflo Group of Companies, through its newest subsiduary, the Anflo Banana Corp. (ABC), has partnered with a global agricultural firm to penetrate what is touted as the biggest and most flourishing China market for premium bananas.The Davao-based banana firm... Read More

Peso slightly down vs. USD ; PSEi ends flat

MANILA - - The Philippine peso stayed firm Tuesday but the Philippine Stock Exchange index (PSEi) ended flat as investors continue to weigh the impact of recent developments overseas as well as some domestic factors.The local unit finished the day at 51.33, compared to 51.28 Monday.A trader... Read More

Japan reassures commitment to boost Myanmar’s infra dev’t

The Japanese government has reassured its commitment to help develop the infrastructure of Myanmar to attract foreign direct investments in the country."We will continue to contribute to Myanmar's infrastructure development with Japan's wealth ofexperiences, technologies, and know-how of quality... Read More

BSP to introduce 'Branch Lite' concept

MANILA -- The Bangko Sentral ng Pilipinas (BSP) is giving banks more leeway to cater to more people, especially in unbanked cities and municipalities, through the introduction of what will be known as Branch Lite units.In her speech during the Chamber of Thrift Banks (CTB) general membership meeting... Read More

IMF keeps strong growth outlook for PH economy

MANILA -- International Monetary Fund (IMF) remains optimistic on the sustained strong expansion of the Philippine economy but cited the possible impact of external developments as a downside risk to domestic growth.In a statement after the recent IMF Team Article IV Consultation, the multilateral... Read More

BOI okays P30-M coco project in Davao del Sur

MANILA -- The Board of Investments (BOI) has approved the PHP30-million project of All Bright Resources International Inc. to produce and export coco coir and coco peat.In a statement Tuesday, BOI said the project is qualified under the 2017 Investment Priorities Plan (IPP) for the production and... Read More

Century Pacific posts flat 9-month profit

MANILA -- Canned food firm Century Pacific Food, Inc. (CNPF) on Monday said profit grew slightly in the first nine months of 2017 on the back mainly of sustained double-digit growth in its branded consumer food business.Consolidated net income rose by 2 percent to PHP2.2 billion for January to... Read More

PSEi recovers; peso slightly weakens on positive US jobs report

MANILA - - The Philippine Stock Exchange index (PSEi) finished the week’s first trading day up but the peso finished a little weaker against the greenback on back of the positive US jobs report last October.PSEi recovered from another slip last Friday and ended Monday at 8,523.07 points, up... Read More

PH proposes 6 more priority infra projects for China funding

MANILA -- The Philippine government has identified at least six infrastructure projects, bulk of which is located in Mindanao, under the second basket of projects it would propose for possible funding by China.“There is a long list (of projects) but we have prioritized six, possibly four from... Read More

SM Prime’s 9-month profit surges 15%

MANILA -- Profit of Sy family-led property giant SM Prime Holdings Inc. grew by 15 percent in the first nine months of 2017 on strong mall revenues.SM Prime told the local bourse its net income reached PHP20.05 billion in January to September from PHP17.45 billion last year.SM Prime’s... Read More

Security Bank net income up 12% year-on-year in September

MANILA -- Robust loan growth boosted Security Bank Corporation’s (Security Bank) net income in end-September 2017 to PHP7.4 billion, up 12 percent year-on-year.“This result was driven by a 24 percent or PHP2.8 billion increase in net interest income to PHP14.3 billion,” the bank... Read More

ASEAN leaders urged to fast track ease of doing business

MANILA -- The ASEAN Business Advisory Council (BAC), the voice of businesses in the 10 ASEAN member states, have urged ASEAN leaders to fast-track enforcement of initiatives to further ease doing business in the region.ASEAN BAC Chairman Jose Maria Concepcion said the ease of doing business is... Read More