TODAY'S BUSINESS HEADLINES

Oil firms to hike prices of gasoline, kerosene on Tuesday Mon, Feb 20, 2017, 7:27 PM | InterAksyon.com

Kraft withdraws $143-B offer to merge with Unilever Mon, Feb 20, 2017, 9:13 AM | Carl O'Donnell, Reuters

BSP chief conferred Oustanding Achievement Award by HK's FinanceAsia Mon, Feb 20, 2017, 5:40 AM | InterAksyon.com

URC, Vitasoy Group in joint venture Sat, Feb 18, 2017, 9:52 AM | InterAksyon.com

WATCH | Lopez rushing moves against miners because she 'doubts CA will confirm' her Wed, Feb 15, 2017, 11:12 PM | Shyla Francisco, News5 | InterAksyon.com

Trade, investment growth boost EU-ASEAN ties to historic high - EU ambassador 5:11 pm | InterAksyon.com Trade and investment opportunities between the European Union and the Association of Southeast Asian Nations, two major blocs which mark the 40th year of relations in 2017, are robust and hold much promise, according to EU Ambassador Franz Jessen.

COCKTALES | PNoy\ COCKTALES | PNoy's comms team morphs into 'crisis' PR firm 2:56 pm | Victor Agustin Aquino administration spokespersons Edwin Lacierda, Abigail Valte, and Manuel Quezon III have formed the DDI-TBM Consultancy Corp. doing business as DDI Strategic Communications, pitching their…

PSEi sustains rise, PHP weakens due to uncertainty in global financial markets PSEi sustains rise, PHP weakens due to uncertainty in global financial markets 8:26 pm | Joann Santiago, Philippines News Agency The local equities market registered mixed performance Tuesday but the Philippine peso continues to be injured by the sustained strength of the US dollar.

Landbank\ Landbank's 2016 net income up 2% 7:59 pm | Joann S. Villanueva, Philippines News Agency Double digit increases in assets and deposits slightly pushed Land Bank of the Philippines' (Landbank) net income by 2 percent last year.

With half of metallic mines in Caraga, DOF sees DENR crackdown cutting deeply With half of metallic mines in Caraga, DOF sees DENR crackdown cutting deeply 3:48 pm | Shyla Francisco, Bloomberg TV Philippines Over half the country's metallic mines are found in the Caraga region. The Finance department says three towns will be most affected as mining accounts…

Global arms sales reach highest level since end of Cold War: study Global arms sales reach highest level since end of Cold War: study 1:48 am | Philippines News Agency | Xinhua Global arms trade in the last five years has reached its highest point since the end of the Cold War, with the United States remaining…

DENR Chief Lopez stands by call to shut mines as review begins DENR Chief Lopez stands by call to shut mines as review begins 12:35 am | Manolo Serapio Jr., Reuters Department of Environment and Natural Resources (DENR) Secretary Regina Lopez said on Monday she stands by her decision to shut more than half the country's…

Oil firms to hike prices of gasoline, kerosene on Tuesday 7:27 pm | InterAksyon.com Oil firms to hike prices of gasoline, kerosene on TuesdayOil companies will increase gasoline prices by P0.25 per liter and kerosene prices by P0.15 per liter effective on Tuesday (Feb. 21).

Jack Ma's Ant Financial invests in Globe Telecom's Mynt 4:29 pm | Jose Bimbo F. Santos, InterAksyon Jack Ma\Jack Ma's Ant Financial Services has invested an undisclosed amount in Globe Telecom's Mynt in exchange for a minority interest.

Kraft withdraws $143-B offer to merge with Unilever 9:13 am | Carl O\'Donnell, Reuters Kraft withdraws $143-B offer to merge with UnileverUS food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target.

BSP chief conferred Oustanding Achievement Award by HK's FinanceAsia 5:40 am | InterAksyon.com BSP chief conferred Oustanding Achievement Award by HK\Central bank Governor Amando M. Tetangco, Jr. was conferred the 2016 Outstanding Achievement Award by Hong-Kong-based publication FinanceAsia for his contributions to Philippine economic development and the improvement of central banking standards in the region.

With copper exports halted by new mining rules row, Freeport Indonesia CEO quits 9:29 am | Reuters With copper exports halted by new mining rules row, Freeport Indonesia CEO quitsChappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua.

LRT Line 2 Extension won't be completed till 2019 10:05 am | Gerard dela Peña, Bloomberg TV Philippines LRT Line 2 Extension won\It looks like it will take until 2019 before commuters can use the LRT Line 2 extension instead of later this year as originally targeted. The reason for the delay: contracts that were split, allegedly to favor small-scale bidders.

URC, Vitasoy Group in joint venture 9:52 am | InterAksyon.com URC, Vitasoy Group in joint ventureUniversal Robina Corp (URC) in the Philippines and Hong Kong's Vitasoy Group have established a joint venture anchored on the Philippines' long-term growth prospects as a market for high-quality, nutritious and sustainable food and beverage products.

Peso slides to more than 10-year low vs US dollar; PSEi finishes in the red 10:27 pm | Philippines News Agency Peso slides to more than 10-year low vs US dollar; PSEi finishes in the redLower-than-expected initial jobless claims in the US along with the sustained rise of US Treasury rates weakened both the Philippine peso, which closed to its weakest since November 2006, and the local equities market Friday.

PCCI backs lowering of corporate and personal income tax 7:53 pm | Kris M. Crismundo, Philippines News Agency PCCI backs lowering of corporate and personal income taxThe Philippine Chamber of Commerce and Industry (PCCI) is supporting the Duterte administration’s tax reform measures, noting these policies will boost the economy.

Samsung chief Jay Y. Lee arrested as South Korean corruption probe deepens 7:14 pm | Hyunjoo Jin and Joyce Lee, Reuters Samsung chief Jay Y. Lee arrested as South Korean corruption probe deepensSamsung Group chief Jay Y. Lee was arrested on Friday over his alleged role in a corruption scandal rocking the highest levels of power in South Korea, dealing a fresh blow to the technology giant and standard-bearer for Asia's fourth-largest economy.

Malampaya maintenance work completed: DOE 6:55 pm | Philippines News Agency Malampaya maintenance work completed: DOEDepartment of Energy (DOE) Secretary Alfonso Cusi on Friday announced that the maintenance work on the Malampaya natural gas facility, scheduled from Jan. 28 to Feb. 16, has been completed.

Alvarez files bill replacing ERC with Board of Energy 'within control' of President 11:48 am | Lira Dalangin-Fernandez, InterAksyon.com Alvarez files bill replacing ERC with Board of Energy \Speaker Pantaleon Alvarez has filed a bill seeking to abolish the Energy Regulatory Commission (ERC), which earlier got the ire of President Rodrigo Duterte because of allegations of corruption.

PH posts US$301.33-M net hot money inflow in January '17 11:18 am | Joann Santiago, PNA PH posts US$301.33-M net hot money inflow in January \Data released by the Bangko Sentral showed that foreign portfolio investments, otherwise known as hot money due to the speed it comes in and out of an economy, registered US$301.33 million net inflows, a turnaround from the $129.85 million net outflows same period last year.

PSEi recovers, peso ends sideways amid rising US Treasury yields 7:57 pm | Joann Santiago, Philippines News Agency PSEi recovers, peso ends sideways amid rising US Treasury yieldsInvestors continue to offload their holdings of Philippine stocks as US Treasury yields continue to climb but the local bourse’s main index recovered after a two-day slide while the peso remained resilient.

DTI's Lopez to businessmen: Diversify your market 12:35 pm | InterAksyon DTI\Department of Trade and Industry Secretary Ramon Lopez suggested that Filipino businessmen should take advantage of growth opportunities with the country's long time trade partners.

WATCH | Lopez rushing moves against miners because she 'doubts CA will confirm' her 11:12 pm | Shyla Francisco, News5 | InterAksyon.com WATCH | Lopez rushing moves against miners because she \Environment Secretary Gina Lopez has admitted she is rushing a series of controversial decisions because she doubts she could be confirmed by the Commission on Appointments where her nomination has been formally opposed by the mining industry.