MANILA, Oct. 20 (PNA) — The Monetary Board (MB) has approved major amendments to the regulations governing credit-risk taking activities of banks and quasi-banks (B/NBQBs) following a comprehensive policy review undertaken by…
Category: Business & Economy
Cityland Inc. gets SEC nod for P1.8-B debt paper sale
By Leslie D. Venzon MANILA, Oct. 19 (PNA) — Cityland Incorporated has secured approval from the Securities and Exchange Commission (SEC) to sell P1.8 billion worth of short-term commercial papers (STCPs). Based…
Megaworld subsidiary ventures into P1-B residential project in Bacolod, Talisay cities
By Nanette L. Guadalquiver BACOLOD CITY, Oct 18 (PNA) — Suntrust Properties Inc. entered into a P1-billion joint venture agreement with the Lacson family for the development of an integrated residential project…
Peso closes sideways vs USD anew
MANILA, Oct. 16 (PNA) — Traders remain wary on the path of global growth and this resulted to the sideways close of the Philippine peso to a US dollar Thursday. The local…
Foreign portfolio investments grow in Sept. ’14
MANILA, Oct. 16 (PNA) — Foreign portfolio investments registered in September 2014 amounted to US$ 2.1 billion, reflecting a slight improvement (3.8 percent) from the previous month’s level. Year-on-year, however, registered investments…
SSI Group embarks on aggressive network expansion
MANILA, Oct. 16 (PNA) — Specialty retailer SSI Group Inc., which is set to debut on the stock exchange next month, will embark on aggressive network expansion in the next two years,…
Purisima proposes anew ‘Passport for Funds’ idea
By Joann Santiago MANILA, Oct. 15 (PNA) — Finance Secretary Cesar Purisima on Thursday presented anew his proposal to have a global tax identification number (TIN), which he dubs as “Passport for…
MinDA, DOE launch web portal for RE projects in Mindanao
DAVAO CITY, Oct. 14 (PNA) — An online web portal designed to track and monitor renewable energy (RE) projects in Mindanao was launched at the Diamond Hotel, here Monday, in line with…
Basic Energy Corporation’s third well reaches target depth
MANILA, Oct. 14 (PNA) — Basic Energy Corporation’s third well (BES-3) in Indonesia, with Petrosolve Sdn Bdn of Malaysia, has reached its target depth of 460 meters. ”PT Basic Energi Solusi, a…
PHL shares plunge on overseas concerns
MANILA, Oct. 13 (PNA) — Local shares incurred sharp losses on Monday on overseas concerns, pulling the index below the 7,000 territory. The benchmark Philippine stock exchange index (PSEi) plunged 199.26 points…
Peso ends Monday sideways vs. USD
MANILA, Oct. 13 (PNA) — The Philippine peso closed sideways to a US dollar Monday partly due to foreign selling in the domestic stocks market. The local unit ended the week’s first…
Nickel Asia shipments up 165% in Jan-Sept
MANILA, Oct. 13 (PNA) — Listed Nickel Asia Corp. (NAC) on Monday said the value of its shipments surged by a whopping 165 percent in January to September, boosted by higher ore…
DOJ orders probe into alleged NBI and ‘Miss Arlene’ extortion activities
MANILA, Oct. 12 (PNA) — The Department of Justice (DOJ) has ordered an investigation into allegations of extortion activities of some National Bureau of Investigation (NBI) personnel in connivance with a certain…
Let’s make the Bangsamoro work — business leaders
MANILA, Oct. 12 (PNA) — More business leaders are getting excited on the business and economic opportunities that are expected to open up with the establishment of the Bangsamoro. “What the government…
PTT Phils, Shell to rollback oil prices
By Juzel L. Danganan MANILA, Oct 11 (PNA) — PTT Philippines and Pilipinas Shell Power Corporation (PSPC) will rollback oil prices on Sunday. PTT Philippines and PSPC will reduce their gas prices…