TODAY'S BUSINESS HEADLINES

Philippine stocks return above 8,100-level after Japan launches stimulus package Wed, Jul 27, 2016, 7:36 PM | Leslie D. Venzon, Philippines News Agency

Duterte seeks constitutional amendments to help ease people’s plight Tue, Jul 26, 2016, 7:39 AM | Lira Dalangin-Fernandez, InterAksyon.com

Philippines' oil still in troubled waters after South China Sea ruling Fri, Jul 22, 2016, 7:34 PM | Enrico Dela Cruz, Reuters

SWS SURVEY | Filipinos’ optimism on quality of life, economy hits new record highs 11:24 pm | Leslie D. Venzon, Philippines News Agency Filipinos’ optimism about the quality of their lives and the economy reached new record highs during the second quarter of 2016, the private polling firm Social Weather Stations (SWS) said.

POEA suspends deployment of OFWs to four ‘broke’ Saudi firms POEA suspends deployment of OFWs to four ‘broke’ Saudi firms 12:22 am | Ferdinand G. Patinio, Philippines News Agency The Philippine Overseas Employment Administration (POEA) has suspended the deployment of newly-hired and returning workers to four companies suffering financial problems in Saudi Arabia.

MPIC acquires Marikina hospital for P993.4 M MPIC acquires Marikina hospital for P993.4 M 8:57 pm | Leslie D. Venzon, Philippines News Agency Metro Pacific Hospital Holdings Inc. (MPHHI), the healthcare holding company of listed conglomerate Metro Pacific Investments Corporation (MPIC), on Friday completed the acquisition of 93-percent…

PHL stocks extend slump on disappointing Japanese stimulus PHL stocks extend slump on disappointing Japanese stimulus 8:34 pm | Leslie D. Venzon, Philippines News Agency The local stock market extended its losing streak, closing below the 8,000-mark on Friday after the Bank of Japan (BOJ) expanded modestly its monetary easing…

New York Fed asks Philippines to recover Bangladesh money New York Fed asks Philippines to recover Bangladesh money 7:05 pm | Krishna N. Das, Serajul Quadir The Federal Reserve Bank of New York has asked the Philippines' central bank to help Bangladesh Bank recover the $81 million that was stolen by…

China oil giant CNOOC warns of $1.2-B first-half loss China oil giant CNOOC warns of $1.2-B first-half loss 3:26 pm | Agence France-Presse China's main offshore oil and gas producer CNOOC will lose more than $1 billion in the first half of this year because of low oil…

PLDT, Smart willing to provide free access to hotlines \ PLDT, Smart willing to provide free access to hotlines '911' and '8888' 1:12 am | Ma. Cristina C. Arayata, Philippines News Agency Telecommunications provider PLDT and its mobile subsidiary Smart are willing to provide free access to hotlines "911” and "8888" if the government will require them…

PH peso ends Thursday better vs US dollar on steady Fed rates 10:16 pm | Joann Santiago, Philippines News Agency PH peso ends Thursday better vs US dollar on steady Fed ratesThe Philippine peso gained against the greenback Thursday after the Federal Reserve kept rates steady despite the improving labor market conditions in the US.

Globe set to appeal CA's denial of TRO bid vs PCC review 7:32 pm | Jose Bimbo F. Santos, Bloomberg TV Philippines Globe set to appeal CA\Globe Telecom CEO Ernest Cu said they are prepared to appeal the denial by the Court of Appeals of their petition for a temporary restraining order against the Philippine Competition Commission's review of Globe and PLDT's P69.1-billion buyout of San Miguel telco assets.

MOST EXPENSIVE CONDO | Ayala Land starts selling Park Central Towers units 6:58 pm | Cristina Lazo, Bloomberg TV Philippines MOST EXPENSIVE CONDO |  Ayala Land starts selling Park Central Towers unitsAyala Land Premiere will start selling its Park Central Towers, a project valued at P20.5 billion, its most expensive project to date.

In clash of billionaires, Bloomberg calls Trump White House race 'a con' 6:09 pm | Reuters In clash of billionaires, Bloomberg calls Trump White House race \New York media mogul Michael Bloomberg assailed fellow billionaire Donald Trump on Wednesday, calling his US presidential race a 'con' and ripping into his history of bankruptcies and lawsuits.

Lopez strikes note of caution on proposal limiting ore processing in-country 4:00 pm | Shyla Francisco, Bloomberg TV Philippines Lopez strikes note of caution on proposal limiting ore processing in-countryThe proposed ban on export of raw ores, to mandate the processing of minerals in the country, may not be a good move, as this only creates low-paying jobs, says DENR Secretary Gina Lopez. She is also open to lawmakers' proposal to require legislative franchises for miners.

DOE told to give DFA technical info on Recto Bank, as freeze on exploration stays 3:40 pm | Michelle Orosa-Ople, Bloomberg TV Philippines DOE told to give DFA technical info on Recto Bank, as freeze on exploration staysThe moratorium on exploration activities at Recto Bank remains until further notice from the President, despite the favorable ruling from the UN arbitral tribunal on the West Philippine Sea, the Department of Energy said.

WATCH | DOLE issues memorandum prohibiting ‘Endo’ in some companies 1:28 am | JV Arcena, News5 WATCH | DOLE issues memorandum prohibiting ‘Endo’ in some companiesWorkers are now assured of job security after the Department of Labor and Employment (DOLE) issued a memorandum which prohibits the so-called “end of contract” (Endo) or contractualization scheme practiced in some labor intensive industries.

DMCI Holdings to foray into low-cost housing 10:38 pm | Leslie D. Venzon, Philippines News Agency DMCI Holdings to foray into low-cost housingDiversified engineering conglomerate DMCI Holdings Inc. (DMCI) is jumping on low-cost housing bandwagon to support continued growth.

Japan PM unveils $266-B stimulus plan to boost economy 10:14 pm | Agence France-Presse Japan PM unveils $266-B stimulus plan to boost economyJapan's government Wednesday announced a stimulus package worth more than 28 trillion yen ($266 billion) in its latest attempt to fire up the lukewarm economy, with the central bank expected to unveil its own measures this week.

Cebu Pacific breaks 10-M mark in passenger volume for Jan.-June 2016 10:07 pm | InterAksyon.com Cebu Pacific breaks 10-M mark in passenger volume for Jan.-June 2016Leading carrier Cebu Pacific flew over 10 million passengers from January to June this year, an increase of 9% over the same period in 2015. On average, flights were 87% full during these months.

Angara wants to create Mindanao Rail Corporation 9:04 pm | Ernie Reyes, InterAksyon.com Angara wants to create Mindanao Rail CorporationIn response to President Rodrigo Duterte’s pronouncement, Senator Juan Edgardo “Sonny” Angara on Wednesday filed a bill creating the state-owned Mindanao Railways Corporation, a move he likened to laying the first administrative track in building a railway in the world’s 10th most populous island.

Philippine stocks return above 8,100-level after Japan launches stimulus package 7:36 pm | Leslie D. Venzon, Philippines News Agency Philippine stocks return above 8,100-level after Japan launches stimulus packageLocal share prices returned to the 8,100-level on Wednesday after Japan launched an economic stimulus.

SC reverses 2015 ruling vs GMO field trials 4:57 pm | Brian Maglungsod, InterAksyon.com SC reverses 2015 ruling vs GMO field trialsThe SC has reversed its 2015 decision temporarily halting the field testing, propagation and importation of GMOs in the country, saying the assailed DA order had been superseded by a joint 2016 circular by five departments, setting a different guideline and framework for the trials.

Charge onion smugglers for economic sabotage, group urges Customs' Faeldon 1:50 pm | InterAksyon.com Charge onion smugglers for economic sabotage, group urges Customs\An agriculture industry group urged Customs Commissioner Nicanor Faeldon Wednesday to file economic sabotage charges against the firms allegedly responsible for the attempt to smuggle 87 container vans of onions into the country, saying this could be a 'litmus test' for the Duterte government.

BSP eyes July inflation between 1.5% and 2.4% due to higher electricity, rice prices 9:44 pm | Joann Santiago, Philippines News Agency BSP eyes July inflation between 1.5% and 2.4% due to higher electricity, rice pricesHigher electricity and rice prices in July made the Bangko Sentral ng Pilipinas (BSP) forecast inflation for the month to stay within 1.5-2.4 percent.

Peso gains strength Tuesday vs US dollar as Fed meeting starts 7:34 pm | Joann Santiago, Philippines News Agency Peso gains strength Tuesday vs US dollar as Fed meeting startsThe Philippine peso proved its strength against the greenback Tuesday after it ended the trade sideways after the Federal Reserve's two-day meeting started.