TODAY'S BUSINESS HEADLINES

President Aquino cites country’s gains from US’ MCC Compact grant Wed, May 25, 2016, 1:55 AM | Leslie D. Venzon, Philippines News Agency

SWIFT to unveil new security plan after hackers' heists Tue, May 24, 2016, 10:21 AM | Huw Jones and Tom Bergin, Reuters

PNoy receives P40-B dividends from GOCCs, thanks them for complying with tough reforms Mon, May 23, 2016, 4:13 PM | InterAksyon.com | With Roices Naguit, News5

Business confidence more bullish for Q2 2016: BSP survey 2:35 am | Business outlook on the economy was more bullish for Q2 2016, with the overall confidence index (CI) rising to 48.7 percent from 41.9 percent for Q1 2016, according to a survey conducted by the Bangko Sentral ng Pilipinas.

Australia eyes talks with PAL for direct Manila-Adelaide flights Australia eyes talks with PAL for direct Manila-Adelaide flights 10:41 pm | Kris M. Crismundo, Philippines News Agency An Australian official is eyeing to have direct flights between Manila and Adelaide which will open more opportunities in tourism, education and business for the…

Cyber firms say Bangladesh hackers have attacked other Asian banks Cyber firms say Bangladesh hackers have attacked other Asian banks 7:09 pm | Dustin Volz and Jeremy Wagstaff, Reuters Hackers who stole $81 million from Bangladesh's central bank have been linked to an attack on a bank in the Philippines, in addition to the…

BOI-approved investments up 64% in first 4 months of 2016, to generate 16,366 jobs BOI-approved investments up 64% in first 4 months of 2016, to generate 16,366 jobs 5:57 pm | InterAksyon.com BOI-approved investments in the first four months of the year reached P117.26 billion, up by 64 percent compared to the P71.62 billion posted in the…

Unionbank beefs up defenses vs money laundering, cyber attacks Unionbank beefs up defenses vs money laundering, cyber attacks 5:17 pm | Gerard S. de la Peña, News5 Aboitiz-led Union Bank of the Philippines is set to spend P1 billion this year in order to beef up its defenses against money laundering and…

COCKTALES | Sleeper Dominguez stock soars to speculative high amid Duterte appointment COCKTALES | Sleeper Dominguez stock soars to speculative high amid Duterte appointment 6:34 am | Victor C. Agustin A hardly-traded stock, PTFC, has surged and hit the price ceiling in four trading days since May 11 after incoming President Rodrigo Duterte announced that…

Pnoy sets sweeping review of PHL energy policy; reliance on coal to be cut Pnoy sets sweeping review of PHL energy policy; reliance on coal to be cut 12:58 am | InterAksyon.com As the country transitions to a new administration, expect a sea change in the national energy policy, specifically, a reduction in reliance on coal, despite…

In Ecuador cyber heist, thieves moved $9 million to 23 Hong Kong firms 12:21 am | Clare Baldwin and Nathan Layne, Reuters In Ecuador cyber heist, thieves moved $9 million to 23 Hong Kong firmsCyber thieves who stole $12 million from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity, according to previously unreported court filings and judicial rulings.

Oil prices jump above $50 for first time this year 8:54 pm | Agence France-Presse Oil prices jump above $50 for first time this yearOil prices jumped Thursday above $50 for the first time this year as a long-lasting global supply glut shows increased signs of easing.

Duterte vows economic growth outside of 'dead' Philippine capital 5:25 pm | Agence France-Presse Duterte vows economic growth outside of \Incoming Philippine president Rodrigo Duterte pledged Thursday to spread economic activity beyond the overpopulated capital of Manila, calling it a 'dead' city overrun by shantytowns.

Aquino unveils P3.3-B water transmission project in Bulacan 3:08 pm | Emil G. Gamos, PNA Aquino unveils P3.3-B water transmission project in BulacanPresident Benigno S. Aquino III on Thursday assured residents of Metro Manila, Bulacan, Rizal and some parts of Cavite of adequate and uninterrupted supply of potable surface water as he led the unveiling of the P3.3-billion water transmission project at the Ipo dam here.

2GO posts P412M, 37% profit growth in Q1 2016 2:40 pm | InterAksyon.com 2GO posts P412M, 37% profit growth in Q1 2016Logistics giant 2GO Group Inc. sustained its growth streak by posting a hefty 37% surge in its net income before tax to P412.4 million in the first quarter of 2016 from P301.2 million over the same period last year, according to the company’s consolidated quarterly financial report.

Apple supplier in China replaces 60,000 employees with robots 11:26 am | Philippines News Agency, Sputnik Apple supplier in China replaces 60,000 employees with robotsThe Foxconn Technology Group (Hon Hai Precision Industry Co.), an Apple Inc. supplier, has replaced 60,000 factory employees with robots, the MarketWatch reports citing Chinese media.

Jollibee to pour P260 million into poultry processing plant project with Cargill 9:34 am | Leslie D. Venzon, Philippines News Agency Jollibee to pour P260 million into poultry processing plant project with CargillHome-grown fastfood giant Jollibee Foods Corp. (JFC) will invest P260.1 million in the joint venture with Cargill Philippines Inc. to build and operate a poultry processing facility in Santo Tomas, Batangas.

Aquino signs law giving more protection to 50 million deposit account holders 8:19 am | Philippines News Agency Aquino signs law giving more protection to 50 million deposit account holdersMillions of bank depositors stand to benefit from the new law recently signed by President Aquino III giving depositors more protection.

FMIC, UA&P economists optimistic on sustained rise of PHL economy in Q2 '16 9:05 pm | Joann Santiago, Philippines News Agency FMIC, UA&P economists optimistic on sustained rise of PHL economy in Q2 \Economists of First Metro Investment Corp. (FMIC) and the University of the Asia and the Pacific (UA&P) forecast a sustained growth of the economy in the second quarter of 2016 as they expect the low inflation environment to boost domestic spending.

PHL stocks extend rally near 7,500 7:49 pm | Philippines News Agency PHL stocks extend rally near 7,500The local bourse rallied for the third consecutive day on Wednesday amid optimism on the US economy. The barometer Philippine Stock Exchange index (PSEi) zoomed 107.63 points or 1.46 percent to 7,463.95 from previous day’s 7,356.72 finish.

Oil prices push closer to $50, US crude hits highest in seven months 2:37 pm | Reuters Oil prices push closer to $50, US crude hits highest in seven monthsOil futures pushed closer to $50 a barrel on Wednesday, with US crude hitting its highest in over seven months after industry data suggested a larger-than-expected drawdown in US crude inventories last week.

Stung by loss of secrecy at home, Swiss banks run into trouble in Asia 6:23 am | Joshua Franklin, Saeed Azhar and Anshuman Daga, Reuters Stung by loss of secrecy at home, Swiss banks run into trouble in AsiaRegulators' closure of the Swiss BSI bank's Asian outpost for failing in its duty to prevent money-laundering has highlighted the risks of hunting wealthy clients farther afield as Swiss banks' traditional line in hiding money from foreign tax men is choked off.

President Aquino cites country’s gains from US’ MCC Compact grant 1:55 am | Leslie D. Venzon, Philippines News Agency President Aquino cites country’s gains from US’ MCC Compact grantPresident Benigno Aquino III said on Tuesday millions of Filipinos are benefitting from the $434-million grant assistance from the United States Millennium Challenge Corporation (MCC) Compact grant available for projects specifically targeted to reduce poverty in the country.

US TSA starts security assessment of NAIA 1:30 am | Richie Lopa, InterAksyon.com US TSA starts security assessment of NAIAThe Transportation Security Administration (TSA) of the United States Government begins this week its inspection of the Ninoy Aquino International Airport (NAIA) to ensure that the Philippines' premier airport meets international safety standards.

Slow but steady recovery seen for mining 6:04 pm | Shyla Francisco, Bloomberg TV Philippines Slow but steady recovery seen for miningThe Mines and Geosciences Bureau is optimistic about the early recovery in mining production, and is eyeing a 20 to 23 percent growth in the value of metal output, reversing the 23-percent contraction in 2015.

Kiosked to invest US$10M in Asia Pacific through 2017 4:28 pm | InterAksyon.com Kiosked to invest US$10M in Asia Pacific through 2017Kiosked's investment comes at a time when the digital publishing sector in the Asian market continues to expand, embracing digital display, video, mobile, and so-called 360° advertising units.