TODAY'S BUSINESS HEADLINES

Manila slips in ranking of global cities, but holds promise in next decade 17-Apr-14, 11:30 PM | Darwin G. Amojelar, InterAksyon.com

Your share of the national debt in February: P60,559 16-Apr-14, 10:03 PM | Rain Castro, InterAksyon.com

FEU board approves creation of basic education arm 16-Apr-14, 4:33 PM | Krista Angela M. Montealegre, InterAksyon.com

PAL's losses widen on costlier jet fuel, maintenance expenses 16-Apr-14, 4:24 PM | Darwin G. Amojelar, InterAksyon.com

Manila slips in ranking of global cities, but holds promise in next decade 11:30 pm | Darwin G. Amojelar, InterAksyon.com Manila’s ranking among the world's "global cities" fell by 12 notches in 2014, but according to a US-based consulting firm the Philippine capital is likely to progress in the next decade.

BSP expects foreign investments to support economic growth moving forward BSP expects foreign investments to support economic growth moving forward 5:53 pm | Maricel E. Burgonio, InterAksyon.com The Bangko Sentral ng Pilipinas (BSP) expects foreign direct investments (FDI) inflows to continue, thus providing a boost to the country’s economic growth.

Amid dipping power reserves, gov\ Amid dipping power reserves, gov't mulls higher installation cap for solar projects 5:00 pm | Euan Paulo C. Añonuevo, InterAksyon.com The government may allow a bigger number of solar power facilities to enjoy tariff incentives on account of the large number of proponents of such…

Jollibee board clears P800-million loan from BPI Jollibee board clears P800-million loan from BPI 4:34 pm | Krista Angela M. Montealegre, InterAksyon.com Jollibee Foods Corp (JFC) is borrowing P800 million from Bank of the Philippine Islands.

Megawide profit jumps more than a third on completion of first PPP project Megawide profit jumps more than a third on completion of first PPP project 4:05 pm | Krista Angela M. Montealegre, InterAksyon.com Megawide Construction Corp grew its profit by more than a third after the company completed its first classroom project under the government’s Public-Private Partnership (PPP)…

GOOD NEWS | GSIS cuts down paperwork for claiming benefits 10:39 am | Llikha Cuevas-Miel, InterAksyon.com GOOD NEWS | GSIS cuts down paperwork for claiming benefitsThe Government Service Insurance System (GSIS) announced that it has whittled down the document requirements needed by members for claiming benefits, saving members, pensioners and other claimants time and energy accomplishing these.

Your share of the national debt in February: P60,559 10:03 pm | Rain Castro, InterAksyon.com Your share of the national debt in February: P60,559Each Filipino's share in the national debt went down last February.

DOE to auction off 15 coal mines next month 5:59 pm | Euan Paulo C. Añonuevo, InterAksyon.com DOE to auction off 15 coal mines next monthThe Department of Energy (DOE) will offer new coal concessions to prospective investors during the fifth installment of the Philippine Energy Contracting Round (PECR).

Bayan ramps up campaign against cable thieves 5:21 pm | Darwin G. Amojelar, InterAksyon.com Bayan ramps up campaign against cable thievesBayan Telecommunications Inc is intensifying its nationwide campaign against cable thieves in a bid to resolve rampant pilferage of telecom copper cables.

NGCP to replace Panay Island transmission line 5:05 pm | Euan Paulo C. Añonuevo, InterAksyon.com NGCP to replace Panay Island transmission lineThe National Grid Corp of the Philippines (NGCP) will soon replace the Panit-an-Nabas transmission line, one of the power facilities that sustained heavy damage during the onslaught of Typhoon Yolanda last November.

TRAVEL WARNING | Brace for the summer heat 'inside' NAIA 1 4:38 pm | Darwin G. Amojelar, InterAksyon.com TRAVEL WARNING | Brace for the summer heat \UPDATE 6:08 PM- Travelers going through NAIA 1 be warned: You just might get a whiff of the summer heat even before leaving for your destination. President Aquino, who inspected NAIA terminals on Wednesday, apologized for the matter.

FEU board approves creation of basic education arm 4:33 pm | Krista Angela M. Montealegre, InterAksyon.com FEU board approves creation of  basic education armThe board of Far Eastern University (FEU) approved the creation of a new subsidiary that will offer basic education.

PAL's losses widen on costlier jet fuel, maintenance expenses 4:24 pm | Darwin G. Amojelar, InterAksyon.com PAL\Losses at Philippine Airlines (PAL) ballooned in the first nine months of its fiscal year ending March amid costlier jet fuel and higher maintenance expenses.

Asia United Bank plans purchase of branch licenses 4:20 pm | Maricel E. Burgonio, InterAksyon.com Asia United Bank plans purchase of branch licensesAsia United Bank (AUB) plans to expand its network by acquiring restricted branch licenses.

PH stock market nears 9-month high after Wall Street gains, China growth data 4:10 pm | Krista Angela M. Montealegre, InterAksyon.com PH stock market nears 9-month high after Wall Street gains, China growth dataThe Philippine benchmark index on Wednesday closed at its highest level in nearly nine months ahead of the Holy Week break, buoyed by a rally in property shares and gains on Wall Street with investors digesting the latest data on China’s economic growth.

China economic growth slows to 18-month low in first-quarter 4:03 pm | Reuters China economic growth slows to 18-month low in first-quarterChina's economy grew at its slowest pace in 18 months at the start of 2014, but did a touch better than expected and showed some improvement in March, suggesting Beijing will not rush to follow up recent steps to support activity.

Higher sales, lower costs lift Splash's 1Q net income 3:55 pm | Krista Angela M. Montealegre, InterAksyon.com Higher sales, lower costs lift Splash\Higher sales and lower costs boosted Splash Corp’s profit in the first quarter of the year.

Sta Lucia Land posts flat earnings, hikes capex 3:48 pm | Krista Angela M. Montealegre, InterAksyon.com Sta Lucia Land posts flat earnings, hikes capexSta Lucia Land Inc (SLI) raised its capital expenditure budget for 2014 after registering flat earnings last year.