TODAY'S BUSINESS HEADLINES

NGCP: Sabotage caused line tripping that isolated plants from Mindanao grid Thu, Jul 21, 2016, 9:24 PM | Juzel L. Danganan, Philippines News Agency | InterAksyon.com

Philippine stocks breach 8,100-mark Thu, Jul 21, 2016, 7:53 PM | Leslie D. Venzon, Philippines News Agency

Tiger Resort investing nearly $3B for 1st phase of Okada Manila Wed, Jul 20, 2016, 4:23 PM | Beverly Natividad, Bloomberg TV Philippines

DENR stops Nickel Asia's Hinatuan Mining from exporting ore to China Thu, Jul 21, 2016, 5:13 PM | Shyla Francisco, Bloomberg TV Philippines

BPO sector seen thriving as some economies slow; Concentrix to hire 14K people in 3 years Wed, Jul 20, 2016, 3:46 PM | Dale de Vera, Bloomberg TV Philippines

Clark braces for alternative gateway role amid worsening air traffic congestion at NAIA 9:34 am | Gerard de la Peña, Bloomberg TV Philippines While Clark can't replace NAIA given its present capacity, Clark authorities say they are ready for more flights coming in and out of the airport.

GMA victory in SC draws mixed reactions from businessmen GMA victory in SC draws mixed reactions from businessmen 7:58 am | Beverly Natividad, Bloomberg TV Philippines The release on Thursday of former president Gloria Macapagal Arroyo after four years of detention drew mixed reactions from businessmen, some of whom saw it…

Court of Appeals junks Globe\ Court of Appeals junks Globe's plea to stop PCC review of SMC deal 7:30 am | Jose Bimbo F. Santos, InterAksyon.com The Court of Appeals has denied Globe Telecom’s petition to prevent the Philippine Competition Commission from reviewing its joint P69.1-billion acquisition with PLDT of San…

Peso ends week sideways vs US dollar amid drop in US initial jobless claims Peso ends week sideways vs US dollar amid drop in US initial jobless claims 11:07 pm | Joann Santiago, Philippines News Agency The unexpected drop in initial jobless claims in the US in the week ending July 16, 2016 backed the greenback but the Philippine peso remained…

Philippines\ Philippines' oil still in troubled waters after South China Sea ruling 7:34 pm | Enrico Dela Cruz, Reuters The Philippines, eager to resume development of vital oil and gas reserves off its coast, will likely need to reach an accord with a Chinese…

BSP exec eyes at least 7% growth for PHL in Q2 2016 BSP exec eyes at least 7% growth for PHL in Q2 2016 6:50 pm | Joann Santiago, Philippines News Agency A growth of at least seven percent is being considered by monetary officials on the Philippines’ second quarter 2016 economic expansion as manufacturing, vehicles and…

COCKTALES | Ayala prices Park Central penthouse at - gulp! - P477M COCKTALES | Ayala prices Park Central penthouse at - gulp! - P477M 6:23 am | Victor C. Agustin Less than two years after it sold a Fort penthouse for a record P200 million, Ayala Land is back with a bigger bang, offering a…

DTI drafts MOA with police for businesses behind substandard products 12:50 am | Michelle Orosa-Ople, Bloomberg TV Philippines DTI drafts MOA with police for businesses behind substandard productsThe Department of Trade and Industry is drafting a memorandum of agreement with the Philippine National Police, to enlist the help of authorities in its enforcement activities against retailers and manufacturers of substandard products.

Peso ends slightly higher amid greenback's strength 9:40 pm | Joann Santiago, Philippines News Agency Peso ends slightly higher amid greenback\The Philippine peso ended Thursday sideways to the US dollar, buoyed by the planned additional stimulus package in Japan.

NGCP: Sabotage caused line tripping that isolated plants from Mindanao grid 9:24 pm | Juzel L. Danganan, Philippines News Agency | InterAksyon.com NGCP: Sabotage caused line tripping that isolated plants from Mindanao gridPower-grid operator National Grid Corp. of the Philippines (NGCP) cut the power connection of two units of the Agus hydroelectric plants, which have a total capacity of 82 megawatts (MW), from the Mindanao grid after a tree branch attached to a rope damaged the power plants' transmission lines.

Philippine stocks breach 8,100-mark 7:53 pm | Leslie D. Venzon, Philippines News Agency Philippine stocks breach 8,100-markThe local stock barometer breached the 8,100-mark for the first time this year on Thursday on the back of positive market sentiment towards the new administration and second-quarter corporate earnings.

DENR stops Nickel Asia's Hinatuan Mining from exporting ore to China 5:13 pm | Shyla Francisco, Bloomberg TV Philippines DENR stops Nickel Asia\The Department of Environment and Natural Resources has suspended Nickel Asia unit Hinatuan Mining from exporting ore drawn from its Manicani mine in Eastern Samar.

Singapore seizes nearly $180M linked to Malaysia fund 4:05 pm | Agence France-Presse Singapore seizes nearly $180M linked to Malaysia fundSingapore revealed Thursday it had seized nearly $180 million in assets through its investigations into suspected fraud and money-laundering related to scandal-tainted Malaysian state fund 1MDB.

Pensions of AFP, PNP to take up bulk of their budget in 6 years 3:26 pm | Shyla Francisco, Bloomberg TV Philippines Pensions of AFP, PNP to take up bulk of their budget in 6 yearsBudget Secretary Benjamin Diokno is proposing to pass a law to tweak the pension scheme for new military and police recruits, in order to avert the huge impact on future outlays of ballooning pensions, which are now indexed to salaries of incumbents.

CAB not keen on backing calls to enact into law Air Passengers Bill of Rights 2:50 pm | Gerard dela Peña, Bloomberg TV Philippines CAB not keen on backing calls to enact into law Air Passengers Bill of RightsThe Civil Aeronautics Board is not keen on supporting calls to enact into law the Air Passengers Bill of Rights.

US moves to seize $1B in assets of Malaysian 1MDB fund 8:20 am | Douglas Gillison, Agence France-Presse US moves to seize $1B in assets of Malaysian 1MDB fundThe US Justice Department on Wednesday moved to seize more than $1 billion in assets including luxury real estate and a jet allegedly bought with money pilfered from the 1MDB state investment fund.

PSEi closes at new high for 2016 on corporate earnings 9:57 pm | Leslie D. Venzon, Philippines News Agency PSEi closes at new high for 2016 on corporate earningsPhilippine stocks closed at another record high for the year on Wednesday on positive second-quarter corporate earnings.

Philippine peso weakens to P47-level vs US dollar 9:22 pm | Joann Santiago, Philippines News Agency Philippine peso weakens to P47-level vs US dollarInvestors’ risk appetite waned due partly to the recent drop in oil prices, weakening the Philippine peso against the US dollar to the P47-level Wednesday.

DENR chief stops Hinatuan Mining from transporting nickel ore stockpile 8:13 pm | Lilybeth G. Ison, Philippines News Agency DENR chief stops Hinatuan Mining from transporting nickel ore stockpileEnvironment Secretary Regina Paz Lopez has ordered the Hinatuan Mining Corp., an affiliate of Nickel Asia Corp., to stop the removal and loading of the mining wastes from Manicani mine in Guian, Eastern Samar to prevent further environmental degradation as a result of excessive soil extraction.

Tiger Resort investing nearly $3B for 1st phase of Okada Manila 4:23 pm | Beverly Natividad, Bloomberg TV Philippines Tiger Resort investing nearly $3B for 1st phase of Okada ManilaTiger Resort is investing close to $3 billion to develop the first of four phases of Okada Manila, with Japanese tycoon Kazuo Okada banking on the Philippines becoming a casino resort hub in the region to compete with the likes of Macau.

BPO sector seen thriving as some economies slow; Concentrix to hire 14K people in 3 years 3:46 pm | Dale de Vera, Bloomberg TV Philippines BPO sector seen thriving as some economies slow; Concentrix to hire 14K people in 3 yearsBPO firm Concentrix plans to recruit 14,000 employees over the next three years for its voice and non-voice services.

Chamber of Mines: ready for 'airtight' audit 11:06 am | Lilybeth G. Ison, PNA Chamber of Mines: ready for \The Chamber of Mines of the Philippines (COMP) said Tuesday it is ready for an 'airtight' audit to be implemented by the Department of Environment and Natural Resources (DENR).

Ex-central bank gov, PHL ambassador to US joins FWD Life's local board 1:45 am | InterAksyon.com Ex-central bank gov, PHL ambassador to US joins FWD Life\FWD Life Insurance Corporation, the fastest growing insurance company in the Philippines, announced Tuesday the appointment of Ambassador Jose L. Cuisia, Jr. as Non-Executive Director of the Board, effective July 2016.