TODAY'S BUSINESS HEADLINES

PSEi remain firm, PHP touches 50-level vs US dollar Thu, Jan 19, 2017, 10:14 PM | Philippines News Agency

WATCH | Construction of LRT-MRT common station starts Dec. 2017 Wed, Jan 18, 2017, 7:11 PM | Aerol B. Patena, Philippines News Agency | Gerard dela Peña, News5

CASH SUBSIDY | Govt eyes safety net vs excise taxes Thu, Jan 19, 2017, 5:16 PM | Lira Dalangin-Fernandez, InterAksyon

Real estate industry to sustain growth this year - Santos Knight Frank Wed, Jan 18, 2017, 4:22 PM | Jose Bimbo F. Santos, InterAksyon.com

COCKTALES | Muji, left behind by Uniqlo, set to slash local prices by 20% 10:06 am | Victor C. Agustin The iconic Japanese household and apparel company plans to slash retail prices by 20 percent and expand its local offerings to boost flagging sales.

Foxconn CEO says investment for display plant in US would exceed $7 billion Foxconn CEO says investment for display plant in US would exceed $7 billion 10:32 pm | Reuters Foxconn, the world's largest contract electronics maker, is considering setting up a display-making plant in the United States in an investment that would exceed $7…

Trump trade strategy starts with withdrawal from TPP Trump trade strategy starts with withdrawal from TPP 11:00 am | David Brunnstrom, Reuters The administration of US President Donald Trump said on Friday its trade strategy to protect American jobs would start with withdrawal from the 12-nation Trans-Pacific…

Fears of economic \ Fears of economic 'race to bottom', strong dollar in Davos 12:34 am | Ben Hirschler and Noah Barkin, Reuters A strengthening dollar and a 'race to the bottom' on taxes, deregulation and trade policy are the major risks to an otherwise brightening global economy,…

Farm output declines 1.11% in Q4 2016 due to typhoons Farm output declines 1.11% in Q4 2016 due to typhoons 8:42 pm | Leslie D. Venzon, Philippines News Agency The agriculture sector contracted by 1.11 percent in the fourth quarter of 2016 due to devastation brought about by typhoons, bringing the 2016 growth at…

Peso recovers vs US dollar; PSEi ends 5-day rally Peso recovers vs US dollar; PSEi ends 5-day rally 6:57 pm | Joann S. Villanueva, Philippines News Agency Jitters on the policies that the US government will implement under US President-elect Donald Trump, who will have his inauguration Friday, and the dovish statement…

Businessman nabbed as SSS heightens campaign vs delinquent employers Businessman nabbed as SSS heightens campaign vs delinquent employers 12:16 pm | Gerard dela Pena, News5 A businessman was arrested Thursday at his home in an exclusive village in Makati City by police for not remitting the Social Security System premiums…

Florida-based BPO plans to open 2 more facilities, double employment in PHL 10:39 pm | Kris M. Crismundo, Philippines News Agency Florida-based BPO plans to open 2 more facilities, double employment in PHLCustomer Contact Channels (C3), a Florida-based business process outsourcing (BPO) firm, targets to open two new facilities in the Philippines in two years, and to double the number of its employees in the next five years.

PSEi remain firm, PHP touches 50-level vs US dollar 10:14 pm | Philippines News Agency PSEi remain firm, PHP touches 50-level vs US dollarIncreased risk-off sentiment on fears of a “hard Brexit” along with Federal Reserve chairperson Janet Yellen’s statement on the growth of the US economy further weakened the Philippine peso to the 50-level to a dollar Thursday but the local bourse posted gains.

SM's China performance gets nod from ASEAN business players 6:47 pm | InterAksyon.com SM\SM Prime Holdings was declared one of the 2016 Top 10 successful ASEAN Enterprises Entering China. The award was given by the China-ASEAN Business Council.

CASH SUBSIDY | Govt eyes safety net vs excise taxes 5:16 pm | Lira Dalangin-Fernandez, InterAksyon CASH SUBSIDY | Govt eyes safety net vs excise taxesDepartment of Finance Undersecretary Karl Kendrick Chua says an estimated 10 million households will get a cash subsidy of P300 each per week for a period of one year once the excise tax goes into effect.

WATCH | MMDA to launch EDSA southbound zipper lane; looks to private groups for help in traffic 3:54 pm | Clara Masinag, InterAksyon.com | Renz Ongkiko, News5 WATCH | MMDA to launch EDSA southbound zipper lane; looks to private groups for help in traffic(UPDATED W/VIDEO) The dry-run of the zipper lane on the southbound lane of EDSA will start Friday (January 20), as authorities aim to ease traffic during the morning rush hours for motorists going straight to the Makati area.

Netflix adds 7 million subscribers in global expansion 3:19 pm | Agence France-Presse Netflix adds 7 million subscribers in global expansionNetflix added a record seven million subscribers over the past quarter as part of its global expansion drive, fueling a surge in revenue and profit for the streaming television giant.

Makati extends deadline of tax payments, filing of applications for renewal of permits 11:51 am | InterAksyon.com Makati extends deadline of tax payments, filing of applications for renewal of permitsThe Makati City Council has passed an ordinance extending the deadline of payment of taxes and fees without penalties or surcharges up to January 31, 2017.

PSEi ends five-day slide, peso remains intact 8:12 pm | Joann S. Villanueva, Philippines News Agency PSEi ends five-day slide, peso remains intactUS President-elect Donald Trump’s comment that the greenback is “too strong” ended the Philippine Stock Exchange index’s (PSEI) five straight days of decline, as the peso finished little changed to the dollar.

WATCH | Construction of LRT-MRT common station starts Dec. 2017 7:11 pm | Aerol B. Patena, Philippines News Agency | Gerard dela Peña, News5 WATCH | Construction of LRT-MRT common station starts Dec. 2017After being stalled for several years, the construction of a common station that will connect the Light Rail Transit (LRT) and the Metro Rail Transit (MRT) will start in December 2017.

Real estate industry to sustain growth this year - Santos Knight Frank 4:22 pm | Jose Bimbo F. Santos, InterAksyon.com Real estate industry to sustain growth this year - Santos Knight FrankThe real estate industry is seen to sustain its growth this year, largely backstopped by the continued expansion in the outsourcing sector according to newly launched firm Santos Knight Frank.

NTC, DILG agree to draft policies to expedite issuance of LGU permits for cell sites 2:22 pm | Aerol B. Patena, Philippines News Agency NTC, DILG agree to draft policies to expedite issuance of LGU permits for cell sitesThe National Telecommunications Commission (NTC) and the Department of Interior and Local Government (DILG) have agreed to draft policies that would streamline local government units issuance of permits for building additional cellular sites throughout the country.

WATCH | Small traders feeling the crunch after ‘5-6’ lending scheme stopped 11:04 pm | Dale de Vera, News5 WATCH | Small traders feeling the crunch after ‘5-6’ lending scheme stoppedSome businessmen engaged in micro, small and medium enterprises (MSMEs) are feeling the crunch after the Indian nationals, whom they rely for readily available credit through the so-called “5-6” lending scheme, stopped operating.

Peso, PSEi weaken ahead of UK PM’s speech on Brexit 10:39 pm | Philippines News Agency Peso, PSEi weaken ahead of UK PM’s speech on BrexitRisk-off sentiment increased further Tuesday ahead of the Brexit speech of Britain Prime Minister Theresa May resulting to the fifth straight day of loss for the Philippine Stock Exchange index (PSEi) and depreciation of the peso.

SC tells DOE, ERC to comment on petition limiting retail power suppliers to 23 3:32 pm | JV Arcena, News5 SC tells DOE, ERC to comment on petition limiting retail power suppliers to 23The Supreme Court has directed the DOE and ERC to comment on the petition for certiorari and TRO filed against the Retail Competition and Open Access (RCOA) policy, which petitioners said violates the power consumers' constitutional right to freedom of choice.

PHL enjoys strong confidence of China, Japan through large investment, aid pledges 10:05 pm | Joann Santiago, Philippines News Agency PHL enjoys strong confidence of China, Japan through large investment, aid pledgesFinance Secretary Carlos Dominguez III on Monday said the Philippines’ growth path got a further boost following huge investments and aid pledges by economic leaders China and Japan.

Oil firms to cut pump prices Tuesday 6:26 pm | Philippines News Agency Oil firms to cut pump prices TuesdayOil firms will roll back pump prices on Tuesday, following international market trends.