TODAY'S BUSINESS HEADLINES

Ratings agencies rip into UK's credit score after Brexit vote Tue, Jun 28, 2016, 10:53 AM | Andy Bruce, Reuters

COCKTALES | Cuisia balks at Duterte offer of term extension, cites Yasay as problem Mon, Jun 27, 2016, 7:40 AM | Victor C. Agustin, InterAksyon.com

DOE assessing coal needs of energy firms after Indonesia's ban Tue, Jun 28, 2016, 3:36 PM | Michelle Orosa-Ople, Bloomberg TV Philippines | InterAksyon.com

PROGRESS FOR WHOM? | Incoming NEDA chief eyeing new metric for economic growth Fri, Jun 24, 2016, 11:47 AM | Beverly Natividad, Bloomberg TV Philippines

BSP eyes 1.5-2.4% inflation rate for June 2016 Tue, Jun 28, 2016, 6:00 PM | Philippines News Agency

COCKTALES | Jollibee treasurer makes P60M mid-year bonanza flipping company stock 6:16 am | Victor C. Agustin The treasurer of Jollibee received P60 million in cold cash when he unloaded in three trading days a total of 305,380 Jollibee shares for between P235 and P239 a piece.

PHL stocks seen to surge 15% to 25% during first year of Duterte presidency PHL stocks seen to surge 15% to 25% during first year of Duterte presidency 2:13 am | Leslie D. Venzon, Philippines News Agency The benchmark Philippine Stock Exchange index (PSEi) is projected to reach a new all-high to breach the record high 8,100-mark during the first year of…

Megaworld subsidiary GERI to spend additional P5B on hotels Megaworld subsidiary GERI to spend additional P5B on hotels 1:34 am | Leslie D. Venzon, Philippines News Agency Tourism and leisure township developer Global-Estate Resorts, Inc. (GERI), a subsidiary brand of property giant Megaworld, will spend an additional P5 billion to complete four…

Philippine Airlines income jumps more than six-fold Philippine Airlines income jumps more than six-fold 12:25 am | Agence France-Presse Once-troubled flag-carrier Philippine Airlines (PAL) on Thursday announced a 560 percent jump in its "comprehensive income" for 2015, signalling a remarkable recovery after a huge…

PSEi hits highest intraday level in 2016 PSEi hits highest intraday level in 2016 6:12 pm | InterAksyon.com The Philippine Stock Exchange index surged to its highest intraday level for the year at 7,980.75, up by 182.22 points or 2.34 percent from Wednesday's…

DENR TURNOVER | Paje sees Lopez continuing greening, coastal programs; mining reforms DENR TURNOVER | Paje sees Lopez continuing greening, coastal programs; mining reforms 1:08 pm | Shyla Francisco, Bloomberg TV Philippines | InterAksyon.com The National Greening Program, Coastal Resource Management Program, coral reef rehabilitation, and biodiversity conservation -- these are just some of the programs that the outgoing…

Lilia de Lima retires after 21 years as head of PEZA Lilia de Lima retires after 21 years as head of PEZA 10:26 pm | Kris M. Crismundo, Philippines News Agency Philippine Economic Zone Authority (PEZA) Director General Lilia B. de Lima announced her retirement Wednesday, a day before President Benigno S. Aquino III steps down…

PHL stocks rally ahead of Duterte inauguration 9:21 pm | Leslie D. Venzon, Philippines News Agency PHL stocks rally ahead of Duterte inaugurationLocal share prices rallied near the 7,800-mark on Wednesday as it tracked the upbeat global markets days after the British exit ‘Brexit’ vote and ahead of President-elect Rodrigo Duterte’s inauguration.

Hot govt bonds in Brexit chill signal confidence in new PHL regime: market veteran 5:05 pm | Kathleen Martin, Bloomberg TV Philippines | InterAksyon.com Hot govt bonds in Brexit chill signal confidence in new PHL regime: market veteranThe Brexit chill has made government bonds even hotter, as demand for the securities more than tripled at Tuesday's auction, pushing yields lower.

Airbnb to be valued at $30 bn after additional investment: report 2:59 pm | Agence France-Presse Airbnb to be valued at $30 bn after additional investment: reportAirbnb is in talks to secure a new round of investment that would value the company at around $30 billion, the New York Times reported on Wednesday.

PDIC launches social media accounts 10:34 am | InterAksyon.com PDIC launches social media accountsThe Philippine Deposit Insurance Corporation has launched its official Facebook page, www.facebook.com/OfficialPDIC, and Twitter account, @OfficialPDIC, to engage the public, address the information needs of depositors, and increase public awareness on deposit insurance.

EU leaders tell Britain to exit swiftly, market rout halts 12:05 am | Michael Holden and Elizabeth Piper, Reuters EU leaders tell Britain to exit swiftly, market rout haltsEuropean leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.

3 sectors need boost to achieve faster PHL economic growth 8:04 pm | Kris M. Crismundo, Philippines News Agency 3 sectors need boost to achieve faster PHL economic growthNational Competitiveness Council (NCC) Philippines co-chair Guillermo M. Luz has identified three sectors that successors of President Benigno S. Aquino III need to boost in order to achieve faster economic growth.

PHL stocks dip on profit-taking as 'Brexit' continues to agitate global financial markets 7:34 pm | Leslie D. Venzon, Philippines News Agency PHL stocks dip on profit-taking as \The local stock market tumbled anew on Tuesday, as investors pocketed gains after last week’s British exit, ‘Brexit,’ vote continued to agitate the global financial markets.

Peso gains vs US dollar as Brexit developments continue to unfold 6:38 pm | Philippines News Agency Peso gains vs US dollar as Brexit developments continue to unfoldUncertainties remained due to the Brexit but the Philippine peso moved in line with regional currencies’ rally to the US dollar.

BSP eyes 1.5-2.4% inflation rate for June 2016 6:00 pm | Philippines News Agency BSP eyes 1.5-2.4% inflation rate for June 2016Tuition increases for school year 2016-'17 are seen as among the reasons for an uptick in inflation rate for June 2016, the Bangko Sentral ng Pilipinas (BSP) said Tuesday.

Benign inflation to remain supportive of PHL expansion - DOF exec 4:11 pm | Philippines News Agency Benign inflation to remain supportive of PHL expansion - DOF execAn official of the Department of Finance (DOF) is optimistic of the continued growth of the economy, supported by a low inflation rate environment and an appropriate monetary policy stance.

DOE assessing coal needs of energy firms after Indonesia's ban 3:36 pm | Michelle Orosa-Ople, Bloomberg TV Philippines | InterAksyon.com DOE assessing coal needs of energy firms after Indonesia\The Department of Energy will be asking generation companies to submit a tally of coal supply inventory, particularly the shipments that have not yet arrived in the Philippines.

US-based BPO Affinion opens first site in the Philippines 1:13 pm | Jose Bimbo F. Santos, InterAksyon.com US-based BPO Affinion opens first site in the PhilippinesUS-based business process outsourcing company Affinion Group has opened its first call center facility in the Philippines that will service its Asia Pacific operations.

Ratings agencies rip into UK's credit score after Brexit vote 10:53 am | Andy Bruce, Reuters Ratings agencies rip into UK\Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week's vote to leave the European Union would hurt its economy.

VW to pay $15 billion to settle emissions scandal in US: report 7:37 am | Agence France-Presse VW to pay $15 billion to settle emissions scandal in US: reportVolkswagen's cost for ending civil lawsuits over its emissions-cheating scandal has grown to $15 billion, Bloomberg News reported Monday on the eve of the automaker's court deadline to file a settlement.

BGC Bus riders may now use beep™ card 10:58 pm | InterAksyon.com BGC Bus riders may now use beep™ cardBonifacio Global City employees, residents and visitors may now use the beep™ card in all seven BGC Bus routes, AF Payments Inc. announced after completing a two-week trial.

Peso recovers vs US dollar, ends Monday sideways 7:29 pm | Philippines News Agency Peso recovers vs US dollar, ends Monday sidewaysThe Philippine peso recovered to the US dollar in the afternoon trade Monday enabling it to end the day sideways after opening the week at the P47 level.