TODAY'S BUSINESS HEADLINES

HAPPY KAPATID NETWORK | TV5 management, union upbeat over new labor accord Thu, Apr 28, 2016, 7:05 PM | Tricia Aquino, InterAksyon.com

Teleperformance opens 17th site in the country Thu, Apr 28, 2016, 6:19 PM | Jose Bimbo F. Santos, InterAksyon.com

STATEMENT | ADB mouths sustainability, but finances 'clean coal' Thu, Apr 28, 2016, 3:44 PM | Asian Peoples Movement on Debt & Development (APMDD) | Freedom from Debt Coalition (FDC)

ANALYSIS | Expect the economics of the next administration to be more of the same Wed, Apr 27, 2016, 11:17 AM | Sonny Africa, executive director IBON

PSEi down for 6th day on Wall St. fall 11:41 pm | Philippines News Agency The local stock barometer extended its losing streak into a sixth day on Friday, tracking a decline in Wall Street. The Philippine Stock Exchange index (PSEi) lost 3.27 points to 7,159.29 from previous day’s 7,162.56 finish.

ExxonMobil earnings plummet 63% on plunging oil prices ExxonMobil earnings plummet 63% on plunging oil prices 10:27 pm | Agence France-Presse US energy giant ExxonMobil reported Friday that first-quarter earnings dived 63 percent to $1.8 billion due to plunging oil prices.

EFTA abolishes all customs duties for PHL products with new free trade pact EFTA abolishes all customs duties for PHL products with new free trade pact 9:34 pm | Philippines News Agency Philippine products, including industrial goods as well as fish and other marine products, can access European Free Trade Association (EFTA) States duty-free after the two…

China\ China's Baosteel Group denies US Steel accusation that it stole commercial secrets 6:56 pm | Ruby Lian and Manolo Serapio Jr., Reuters China's Baosteel Group said on Friday that accusations by US Steel Corp against the company, including that it had stolen commercial secrets, were groundless and…

AF Payments signs partnerships with bus operators for beep card AF Payments signs partnerships with bus operators for beep card 3:04 pm | InterAksyon.com Commuters now have additional use of the beep cards if they're not taking the MRT or LRT trains: the contactless beep card may now be…

Colombia and Panama agree on financial information-sharing deal Colombia and Panama agree on financial information-sharing deal 1:16 pm | Reuters Colombia and Panama will sign a financial information-sharing deal aimed at helping Bogota combat tax evasion, the two Central and South American countries said late…

\ 'WE COMPLY WITH THE LAW' | SM Group, cited often as practitioner of 'ENDO,' corrects the record 1:08 pm | Cristina Lazo, Bloomberg TV Philippines | InterAksyon.com The SM Group is often painted as the poster outfit for contractualization, with critics saying it has posted consistent, robust growth by keeping costs low…

Taiwan extends recession as exports fall again 11:32 am | Agence France-Presse Taiwan extends recession as exports fall againTaiwan's economy shrank in the first quarter of 2016, figures showed Friday, prolonging a recession that began last year, as exports fell by double digits.

Duterte open to 'toning down' Constitution to accommodate foreign investors 1:23 am | Philippines News Agency Duterte open to \PDP-Laban standard bearer and Davao City Mayor Rodrigo Duterte said he is open to "toning down" the Constitution to accommodate foreigners interested to own and establish businesses in the Philippines.

Biz groups lament populist, simplistic stance vs contractualization, say it'll hurt bottomlines 1:08 am | Shyla Francisco, Bloomberg TV Philippines Biz groups lament populist, simplistic stance vs contractualization, say it\The business community is lamenting the populist stand that the five presidentiables took in last Sunday's (April 24) debate, when they all said they wanted to put an end to contractualization.

HAPPY KAPATID NETWORK | TV5 management, union upbeat over new labor accord 7:05 pm | Tricia Aquino, InterAksyon.com HAPPY KAPATID NETWORK | TV5 management, union upbeat over new labor accordUPDATED - In a ceremonial signing at the office of Labor Secretary Rosalinda Baldoz, TV5 management and union leaders forged Thursday a memorandum of agreement leading to a new CBA in the Kapatid network.

PNoy visits pre-Labor Day job fair in Mandaue City 6:30 pm | Philippines News Agency PNoy visits pre-Labor Day job fair in Mandaue CityPresident Benigno S. Aquino III on Wednesday visited a pre-Labor Day Job and Career Fair here, which offered Cebuanos nearly 18,000 jobs.

Teleperformance opens 17th site in the country 6:19 pm | Jose Bimbo F. Santos, InterAksyon.com Teleperformance opens 17th site in the countryTeleperformance, the country's second biggest outsourcing company, has opened its 17th site in the country and is set to open two more within the year.

MONEY LAUNDERING | AMLC sues PhilRem principals for skirting regulations 4:49 pm | Brian Maglungsod, InterAksyon.com MONEY LAUNDERING | AMLC sues PhilRem principals for skirting regulationsThe Anti-Money Laundering Council accused PhilRem, as remittance agent, of commingling funds and made it extremely difficult to trace the source and flow of the funds involving $81 million in stolen Bangladeshi money.

STATEMENT | ADB mouths sustainability, but finances 'clean coal' 3:44 pm | Asian Peoples Movement on Debt & Development (APMDD) | Freedom from Debt Coalition (FDC) STATEMENT | ADB mouths sustainability, but finances \ADB has been significantly involved in facilitating private finance flows to support private investments that have multiplied peoples' hardships and contributed to exacerbating the climate crisis through continued funding of the dirtiest of fossil fuels – coal.

China's HNA to buy Carlson Hotels in acquisition binge 1:31 pm | Agence France-Presse China\Chinese conglomerate HNA will buy US-based Carlson Hotels, owner of the Radisson brand, the companies announced, as it looks to build its presence in the American market.

Lufthansa delays Brussels Airlines acquisition decision after attacks 11:53 am | Agence France-Presse Lufthansa delays Brussels Airlines acquisition decision after attacksGermany's Lufthansa has postponed until September a decision on the acquisition of Brussels Airlines following last month's deadly attacks on the Belgian capital, the airline said on Wednesday.

P182 million in losses for sugar, molasses in Negros Occidental due to dry spell: SRA 11:29 am | Philippines News Agency P182 million in losses for sugar, molasses in Negros Occidental due to dry spell: SRAThe Sugar Regulatory Administration (SRA) has reported P182 million in losses for sugarcane and molasses in Negros Occidental due to prolonged dry spell associated with El Nino.

Risks from upcoming polls remain small vis-à-vis PHL economic outlook: HSBC report 12:54 am | Joann Santiago, Philippines News Agency Risks from upcoming polls remain small vis-à-vis PHL economic outlook: HSBC reportA report by banking giant HSBC discounts big risks on the Philippines’ economic outlook vis-à-vis the upcoming national polls on May 9, citing that investors prefer continuity of current policy, which they see on most of the candidates.

Biz groups find Duterte okay, but short on economic details 12:25 am | Jose Bimbo F. Santos, InterAksyon.com Biz groups find Duterte okay, but short on economic detailsBusinessmen said they were generally satisfied with what they heard from Mayor Rodrigo Duterte's speech before them at Makati though the presidential aspirant only provided passing remarks about his economic agenda.

CORRECTED | Q1 net loss of Philex Petroleum, not Phoenix, drops to P11.8M year-on-year 10:27 pm | Philippines News Agency CORRECTED | Q1 net loss of Philex Petroleum, not Phoenix, drops to P11.8M year-on-yearThe net loss of Philex Petroleum Corp. -- not Phoenix Petroleum as earlier reported -- fell from P20.4 million for the first quarter of 2015, to P11.8 million for the same period this year. The Philippine Stock Exchange on Thursday corrected an earlier PNA story posted here.

ANALYSIS | Expect the economics of the next administration to be more of the same 11:17 am | Sonny Africa, executive director IBON ANALYSIS | Expect the economics of the next administration to be more of the sameAs the campaign enters its final stretch it's become clear that the candidates are actually not that different from each other … Without exception, they all embrace and uphold neoliberal economic policies that enrich a few but keep the national economy backward and Filipinos in poverty.

Gov't to save P1.3B from PAL discount on domestic airline travel 11:45 pm | Lira Dalangin-Fernandez, InterAksyon.com Gov\For 2016, the government has a P10.3 billion budget for domestic airline travel. But, an agreement with the country’s flag carrier, Philippine Airlines (PAL), will give it a savings of as much as P1.3 billion, the Department of Budget and Management (DBM) said.