TODAY'S BUSINESS HEADLINES

PHL nickel ore output in Q3 drops 16% as Duterte's green clampdown bites Mon, Dec 5, 2016, 10:35 PM | Manolo Serapio Jr., Reuters

Senate approves AIIB treaty Tue, Dec 6, 2016, 12:33 PM | Ernie Reyes, Interaksyon.com

BTr rejects bids for 4-yr T-bond Tue, Dec 6, 2016, 7:53 PM | Joann Santiago, Philippines News Agency

DBM eyes P200-B supplemental budget for DICT's national broadband network Wed, Dec 7, 2016, 5:49 PM | Ernie Reyes, InterAksyon.com

Q and A | Ex-NEDA chief Neri: Govt must succeeed in both tax reform, infra 2:34 pm | Beverly Natividad, Bloomberg TV Philippines Romulo Neri went back to the private sector after serving various stints in government, most notably as National Economic and Development Authority director general under President Gloria Macapagal Arroyo. Here he shares his views on the Duterte administration's priorities.

PSEi up, peso down on disappointing Aussie GDP report PSEi up, peso down on disappointing Aussie GDP report 6:50 pm | Philippines News Agency While the Philippine Stock Exchange index(PSEi) exhibited strength on Wednesday, the Philippine peso fell against the US dollar as most Asian currencies weakened due to…

Power rates up by P0.10 per kWh for Dec. Power rates up by P0.10 per kWh for Dec. 6:32 pm | Philippines News Agency Power bills will increase by P0.10 per kilowatt hour (kWh) to P8.36, driven by the generation charge this December, the Manila Electric Co. (Meralco) said…

EU fines Credit Agricole, HSBC, JPMorgan for Euribor fixing EU fines Credit Agricole, HSBC, JPMorgan for Euribor fixing 6:23 pm | Reuters The European Commission fined banks Credit Agricole, HSBC and JPMorgan Chase a total of 485 million euros ($520 million) for their part in a cartel…

DBM eyes P200-B supplemental budget for DICT\ DBM eyes P200-B supplemental budget for DICT's national broadband network 5:49 pm | Ernie Reyes, InterAksyon.com The Department of Budget and Management is eyeing to submit a P200-billion supplemental budget to Congress to set up a national broadband network (NBN), newly…

Removal of rice import quota seen to lower rice prices Removal of rice import quota seen to lower rice prices 10:34 pm | Leslie D. Venzon, Philippines News Agency The lifting of quantitative restrictions (QR) on rice imports next year can lower prices of locally grown rice which may bode well for the country’s…

Economists see hike in BSP key rates in ’17 as inflation sustains rise Economists see hike in BSP key rates in ’17 as inflation sustains rise 9:44 pm | Joann Santiago, Philippines News Agency Economists see hikes in the Bangko Sentral ng Pilipinas’ (BSP) key rates starting the second quarter of 2017 after Philippine inflation rate rose to within-target…

SMC donates P1 B for construction of more gov't drug rehab centers 8:45 pm | Aira May Dizon, Philippines News Agency SMC donates P1 B for construction of more gov\Conglomerate San Miguel Corp. (SMC) on Tuesday formally handed over its P1-billion donation to the government for the construction of additional drug rehabilitation facilities in the country.

BTr rejects bids for 4-yr T-bond 7:53 pm | Joann Santiago, Philippines News Agency BTr rejects bids for 4-yr T-bondThe Bureau of the Treasury’s (BTr) auction committee on Tuesday rejected bids for the four-year Treasury bond (T-bond) after banks asked for higher yields.

Asian stocks post biggest daily gain in two weeks 2:36 pm | Saikat Chatterjee, Reuters Asian stocks post biggest daily gain in two weeksAsian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum to be overdone, with robust US economic data also helping sentiment.

Senate approves AIIB treaty 12:33 pm | Ernie Reyes, Interaksyon.com Senate approves AIIB treatyTwenty senators have approved the Articles of Agreement of the China-led Asian Infrastructure Investment Bank, Senator Loren Legarda said on Tuesday.

South Korean industry titans get parliamentary tongue lashing in scandal probe 9:32 am | Hwang Sunghee, Agence France-Presse South Korean industry titans get parliamentary tongue lashing in scandal probe(UPDATE - 3:28 p.m.) South Korea's most powerful tycoons, including de facto Samsung chief Lee Jae-Yong, stammered and squirmed Tuesday under a verbal assault from a parliamentary committee probing a corruption scandal that has riveted the nation.

SRA warns of fake sugar import certificates 7:48 am | InterAksyon.com SRA warns of fake sugar import certificatesThe Sugar Regulatory Administration bared the existence of fake certificates to import a total of 40,000 metric tons of sugar and said it would 'not take this incident lightly and will launch an investigation into these irregularities.'

NVAP hits move to delay unitary tobacco tax system 12:06 am | InterAksyon.com NVAP hits move to delay unitary tobacco tax systemA group of laryngeal cancer survivors has warned against moves by some tobacco companies to stop a unitary tax system on tobacco products that was scheduled to start January 2017.

PHL nickel ore output in Q3 drops 16% as Duterte's green clampdown bites 10:35 pm | Manolo Serapio Jr., Reuters PHL nickel ore output in Q3 drops 16% as Duterte\The Philippines' output of nickel ore fell 16 percent in the third quarter from a year earlier, government data showed on Monday, after the world's top supplier of the metal suspended some mines in a clampdown on environmental violations.

PSEi, PHP weaken ahead of Fed meeting 8:09 pm | Philippines News Agency PSEi, PHP weaken ahead of Fed meetingAnticipations for a Federal Reserve rate hike mid-December increased volatility in both the local bourse and the currency market Monday.

COCKTALES | Shop pa more? Local banks raise credit card rates 9:57 am | Victor C. Agustin, InterAksyon.com COCKTALES | Shop pa more? Local banks raise credit card ratesThe major local banks have started increasing the finance rates they slap on credit card purchases ahead of the anticipated US Fed decision to raise this month its benchmark, historic low, interest rates.

Philippines seeks Bangladesh help on $81-M heist 7:20 pm | Agence France-Presse | With InterAksyon.com Philippines seeks Bangladesh help on $81-M heistThe Philippines has asked Bangladesh to share details of its investigation into an $81-million cyber-heist from the Bangladesh central bank after the proceeds ended up in Manila, the finance department said Sunday.

Malaysian firm bullish on P1.5-B Nueva Ecija IT hub 10:57 am | Philippines News Agency Malaysian firm bullish on P1.5-B Nueva Ecija IT hubA Malaysian conglomerate which bankrolled the P1.5-billion government center cum information technology (IT) hub in Nueva Ecija province is bullish over the prospects of a project amid fears it might fail due to its remote location and other constraints.

DPWH, DTI team up in developing infra projects that boost industry 9:28 am | Shyla Francisco, Bloomberg TV Philippines DPWH, DTI team up in developing infra projects that boost industryThe Departments of Trade and Industry (DTI) and of Public Works and Highways (DPWH) have teamed up to give priority to infrastructure projects that can help local manufacturers, as economic managers see the sector eventually overtaking services as main driver of growth.

New govt blueprint for decent employment envisions 7.5M jobs by 2022 12:36 am | InterAksyon.com New govt blueprint for decent employment envisions 7.5M jobs by 2022A new government blueprint for decent job creation through employment and entrepreneurship from 2017 to 2022 was adopted at the conclusion Friday (Dec. 2) of the two-day Trabaho, Negosyo at Kabuhayan (TNK)-Employment and Livelihood Summit.

RHI posts 451% jump in net income to P102M 12:00 am | InterAksyon.com RHI posts 451% jump in net income to P102MRoxas Holdings, Inc. announced its audited financial and operating results for Crop Year ended September 30, 2016, posting a 451-percent rise in consolidated net income of P102 million, over the P18.5 million recorded a year earlier.

DBP supports pipe fitting business, grants P5-M loan to firm 11:46 pm | InterAksyon.com DBP supports pipe fitting business, grants P5-M loan to firmThe Development Bank of the Philippines (DBP) has granted a P5-million loan to Tung Fong Industrial Co., Inc. to finance the manufacture, and increased production output, of its stainless steel buttweld pipe fittings product.