TODAY'S BUSINESS HEADLINES

New breed of investors embrace China's white-knuckle ride Sun, Feb 7, 2016, 7:14 PM | Jessica Macy Yu, Reuters

End-January 2016 GIR level reaches $80.16B Fri, Feb 5, 2016, 5:10 PM | InterAksyon.com

China grapples with contradictions over currency Sun, Feb 7, 2016, 12:20 PM | Julien Girault, Agence France-Presse

Meralco to hike electricity rate by P0.42/kWh Fri, Feb 5, 2016, 6:42 PM | Juzel L. Danganan, Philippines News Agency

200,000 more Maynilad customers in 2015 Fri, Feb 5, 2016, 11:59 AM | InterAksyon.com

5 PPP projects worth P40 B to be completed by June 1:26 am | Leslie D. Venzon, Philippines News Agency The government expects to complete five public-private partnerships (PPP) projects worth a total of about P40 billion before the term of the Aquino administration ends by June.

BSP lowers average inflation forecasts for 2016 BSP lowers average inflation forecasts for 2016 10:38 pm | Joann Santiago, Philippines News Agency Philippine monetary officials cut their average inflation forecast for 2016 due to the impact of lingering low oil prices.

MB decides to keep key policy rates unchanged MB decides to keep key policy rates unchanged 6:41 pm | InterAksyon.com The Monetary Board has decided to maintain key policy rates at 4.0 percent for overnight borrowing or reverse repurchase (RRP) facility; and at 6 percent…

Thais register 70,000 foreign workers in scandal-mired seafood sector Thais register 70,000 foreign workers in scandal-mired seafood sector 6:40 pm | Agence France-Presse Thai authorities have registered more than 70,000 previously undocumented foreign workers in its fishing industry, navy officials said Thursday, part of a bid by the…

FDIs grow 16.4% in November 2015; Jan.-Nov. total is 3.4% lower at $5.5B FDIs grow 16.4% in November 2015; Jan.-Nov. total is 3.4% lower at $5.5B 5:56 pm | InterAksyon.com Foreign direct investments (FDI) registered net inflows of US$464 million in November 2015, higher by 16.4 percent than the year-ago level, the central bank reported,…

MB lifts restrictions on setting up new banks MB lifts restrictions on setting up new banks 3:20 pm | InterAksyon.com The Monetary Board (MB) has approved the gradual lifting of the moratorium on the granting of licenses for the establishment of new banks.

Dollar sinks in Asia as Fed boss dampens chance of rate hike Dollar sinks in Asia as Fed boss dampens chance of rate hike 2:36 pm | Agence France-Presse The dollar retreated across the board in Asia Thursday after comments from Federal Reserve boss Janet Yellen on the weak global economy suggested the central…

BSP warns vs 'fraudulent' bank 11:44 am | InterAksyon.com BSP warns vs \The Bangko Sentral ng Pilipinas warned the public Thursday against falling for what it called the 'unauthorized banking activities of Global Investment Bank or GIB Philippines Bank Limited.'

DA executive: Mindanao farmers producing 'ukay-ukay' GM corn seeds 2:10 pm | Diego Mora, InterAksyon.com DA executive: Mindanao farmers producing \A Department of Agriculture official discloses that farmers in Mindanao have been producing their own version of genetically-modified corn using both Bacillus thuringiensis (Bt) and Roundup Ready (RR) corn seeds.

BOI to further pursue Industry Roadmapping 1:26 pm | InterAksyon.com BOI to further pursue Industry RoadmappingThe Board of Investments will continue sustaining last year's interventions aimed at elevating the development and growth of the local industries as competitive players in the global market.

CEB hails ASEAN Open Skies protocol 1:07 pm | InterAksyon.com CEB hails ASEAN Open Skies protocolCebu Pacific welcomes the ratification of the ASEAN Open Skies agreement, which allows designated carriers of ASEAN countries to operate unlimited flights between capitals, leading to better connectivity and more competitive fares and services.

Asian markets extend rout as volatility returns 11:15 am | Agence France-Presse Asian markets extend rout as volatility returnsAsian stock markets took another battering Wednesday, with Tokyo leading another day of sharp losses as investors grow increasingly worried about the world economy and the possibility of a global recession.

Tacloban eyes immediate release of P391-million bank loan for infra 9:32 am | Philippines News Agency Tacloban eyes immediate release of P391-million bank loan for infraThe city government of Tacloban City is optimistic that the Land Bank of the Philippines will release the P391 million loan recently approved by the city council before midyear.

DOF economist forecasts sustained low inflation environment in 2016 12:37 am | Joann Santiago, Philippines News Agency DOF economist forecasts sustained low inflation environment in 2016An official of the Department of Finance (DOF) continues to see a low inflation environment for the Philippines this 2016 due to lower oil prices and the impact of low commodity prices in the international market.

Tap P2.5-billion President's contingency fund for OFWs displaced by oil price drop: Recto 6:45 pm | Ernie Reyes, InterAksyon.com Tap P2.5-billion President\The P2.5-billion contigency fund of President Aquino should be used to help returning overseas Filipino workers as thousands of OFWs are being laid off in the Middle East as steadily declining oil prices impact their employers in oil-revenue-dependent economies.

Mitsubishi PHL eyes export market 3:49 pm | Kris M. Crismundo, PNA Mitsubishi PHL eyes export marketMitsubishi Motors Philippines Corp. (MMPC) will take advantage of the Comprehensive Automotive Resurgence Strategy (CARS) Program by exporting in outbound markets, its President and CEO Yoshiaki Kato said.

Asian stocks extend global rout as traders flee to safety 2:00 pm | Agence France-Presse Asian stocks extend global rout as traders flee to safetyTokyo stocks led a rout across Asian markets Tuesday, while Japanese government bond yields turned negative, the dollar dived against the yen and gold jumped as fears about the global economy sent investors scrambling to safety.

PHL inks pact on 'unli' flights to ASEAN neighbors 12:29 pm | Daryl Gutierrez, InterAksyon.com PHL inks pact on \The Philippines has signed a multilateral agreement for unlimited flights to neighboring countries, a setup seen paving the way for cheaper flights in the region in 2016.

Globe sets lower capex of $750M for 2016; posts 23% hike in net income 5:59 pm | Daryl Gutierrez, InterAksyon.com Globe sets lower capex of $750M for 2016; posts 23% hike in net incomeGlobe Telecom Inc. on Monday said it will spend up to $750 million for capital expenditure this year, lower than the $850 million capex of last year.

US hopeful Argentina can reach deal with holdout creditors 9:11 am | Agence France-Presse US hopeful Argentina can reach deal with holdout creditorsThe United States voiced optimism Sunday that Argentina will be able to settle its long debt battle with "holdout" creditors, following a landmark offer from Buenos Aires.

FOCUS | As Big Oil shrinks, boards plot different paths out of crisis 6:42 am | Ron Bousso and Terry Wade, Reuters FOCUS | As Big Oil shrinks, boards plot different paths out of crisisAs oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them out of the crisis.

New breed of investors embrace China's white-knuckle ride 7:14 pm | Jessica Macy Yu, Reuters New breed of investors embrace China\A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent others scurrying to the exit clutching their stomachs.

China forex reserves fall almost $100B in January 6:02 pm | Agence France-Presse China forex reserves fall almost $100B in JanuaryChina's foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said Sunday, as Beijing sells dollars to stop the yuan from depreciating further.