TODAY'S BUSINESS HEADLINES

PHL gets highest rate in migration governance study: 'The Economist' Tue, Aug 23, 2016, 6:53 PM | Sammy Martin, Philippines News Agency

'Missing' coins make sellers anxious as no-shortchanging law takes effect Aug. 16 Sun, Aug 14, 2016, 10:34 PM | Michelle Orosa-Ople, Bloomberg TV Philippines | InterAksyon.com

Mining sector wants to amend Mining Act to allow LGUs to get taxes ASAP Tue, Aug 23, 2016, 6:04 PM | Shyla Francisco, Bloomberg TV Philippines | InterAksyon.com

DOTr bares new plans to ease NCR traffic congestion Mon, Aug 15, 2016, 3:57 PM | Gerard dela Peña, Bloomberg TV Philippines

WHO ARE THE PHILIPPINES' WEALTHIEST? Forbes Philippines Rich List released 6:00 pm | InterAksyon.com The Forbes Philippines Rich List was released Thursday (Aug. 25), with retail tycoon Henry Sy, Sr. topping the list for nine years in a row.

US banking regulators focused on cyber security after SWIFT attacks US banking regulators focused on cyber security after SWIFT attacks 5:37 pm | Reuters US banking regulators said on Wednesday they are focused on cyber security risks and controls for US financial institutions after attacks earlier this year involving…

NTT sets up local unit, eyes computing needs of large enterprises NTT sets up local unit, eyes computing needs of large enterprises 3:52 pm | Jose Bimbo F. Santos, Bloomberg TV Philippines Japanese firm NTT Data Asia Pacific has set up a Philippine unit by buying a local IT company for an undisclosed amount.

PSEi closes lower Wednesday PSEi closes lower Wednesday 10:09 pm | Philippines News Agency The Philippine Stock Exchange Index (PSEi) closed Wednesday at 7,866.13, falling by 69.05 points from the previous day’s 7,907.08.

NEDA: A family of 4 needs P120,000/month to live their desired life, but we can make that cheaper NEDA: A family of 4 needs P120,000/month to live their desired life, but we can make that cheaper 9:23 pm | Tricia Aquino, InterAksyon.com A Filipino family of four will need P120,000 per month so that they can achieve their desired life, as defined by a survey by the…

PHL gets highest rate in migration governance study: \ PHL gets highest rate in migration governance study: 'The Economist' 6:53 pm | Sammy Martin, Philippines News Agency Widely respected British news magazine, “The Economist,” recently recognized the Philippines for having a well-developed migration policy governance.

Mining sector wants to amend Mining Act to allow LGUs to get taxes ASAP Mining sector wants to amend Mining Act to allow LGUs to get taxes ASAP 6:04 pm | Shyla Francisco, Bloomberg TV Philippines | InterAksyon.com The mining industry is suggesting an amendment to the Philippine Mining Act to allow local government units to directly receive taxes paid by the mining…

Tax hike for oil products to push up prices of basic goods: Bayan Muna 3:34 pm | Diego Mora, InterAksyon.com Tax hike for oil products to push up prices of basic goods: Bayan MunaA proposed tax increase for oil products is counterproductive and will negate any relief people could get from the reduction of personal income and corporate taxes, according to a party-list lawmaker.

Beyond war on drugs, business sees Duterte setting up economic boom 7:39 am | Karen Lema, Reuters Beyond war on drugs, business sees Duterte setting up economic boomWhile Duterte may be getting headlines for a bloody war against drug dealers and users, less attention has been paid to one of Asia's few economic success stories.

FOCUS | US banks want to cut branches, but customers keep coming 6:42 am | Dan Freed, Reuters FOCUS | US banks want to cut branches, but customers keep comingDespite banks' nudging toward online tools, many US customers are not ready to give up regular visits to their nearest branch, complicating the industry's efforts to slim down.

Dominguez: 5.1% GDP expansion in H2 enough to sustain 2016 growth targets 11:38 pm | Joseph Albert A. Gamboa, PNA Dominguez: 5.1% GDP expansion in H2 enough to sustain 2016 growth targetsThe country needs only to sustain a 5.1-percent expansion in gross domestic product (GDP) for the second semester to achieve the government's growth target of 6 to 7 percent for 2016.

Pinoy visitors to Japan grow 45%; firm sets up hotels eyeing them, SE Asians 11:26 pm | InterAksyon.com Pinoy visitors to Japan grow 45%; firm sets up hotels eyeing them, SE AsiansEnticingly cheap air fares, relaxed visa issuance, improved checkbooks for Filipino travelers and greater cultural interest in Japan are among the factors accounting for a whopping 45-percent hike in the number of Filipinos going to their East Asian neighbor.

PSEi closes at 7,981.21 points on bargain hunting from investors 9:29 pm | Philippines News Agency PSEi closes at 7,981.21 points on bargain hunting from investorsThe benchmark Philippine Stock Exchange Index (PSEi) closed Monday at 7,981.21 points, up 50.46 points from last Friday’s 7,930.75, on bargain hunting from investors.

Faeldon names Customs official receiving multi-million monthly payoff in BOC 6:56 pm | Cielito M. Reganit, Philippines News Agency Faeldon names Customs official receiving multi-million monthly payoff in BOCCustoms Commissioner Nicanor Faeldon on Monday named a Bureau of Customs (BOC) official allegedly receiving monthly bribe money from smugglers amounting to millions of pesos since 2012.

China, Japan firms interested to construct Mindanao Railway System: NEDA 6:23 pm | Philippines News Agency China, Japan firms interested to construct Mindanao Railway System: NEDAConstruction corporations from China and Japan are interested to implement the 2,000-kilometer Mindanao Railway System proposed to run from Davao to the eastern part of Mindanao.

P39-B mega harbor project a big ticket to 'Global Mindanao' 6:05 pm | Philippines News Agency P39-B mega harbor project a big ticket to \Port developer and operator Mega Harbour Port and Development Corporation Inc. has expressed optimism on the realization of a 'Global Mindanao' as the company is set to implement the P39-billion mega harbor project in Davao City.

Personal, corporate income tax cuts eyed, but higher VAT, new taxes seen 4:58 pm | Lira Dalangin-Fernandez, InterAksyon.com Personal, corporate income tax cuts eyed, but higher VAT, new taxes seenThe Duterte administration is poised to lower personal and corporate taxes to allow wage earners to have a bigger take-home pay, but new taxes and the expanded VAT could diminish this impact.

Oil firms to hike pump prices Tuesday 1:47 pm | Philippines News Agency Oil firms to hike pump prices TuesdayOil companies will hike pump prices by more than P1 per liter effective Tuesday morning.

High wages flash recession warnings in Singapore 12:48 pm | Reuters High wages flash recession warnings in SingaporeSaladStop owner Adrien Desbaillets has eased off on expansion plans for his organic food chain in Singapore because high wages are pressuring profit margins at a time when the affluent city state is grappling with low growth and slack global demand.

FOCUS | How companies are cashing in on Pokemon Go 8:01 pm | Agence France-Presse FOCUS | How companies are cashing in on Pokemon GoPokemon Go has sent millions of people onto the streets in a worldwide hunt for virtual monsters -- and from neighborhood restaurants to multi-national corporations, businesses smell a profit.

Trump companies owe $650 million: NY Times 6:21 am | Agence France-Presse Trump companies owe $650 million: NY TimesCompanies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported Saturday.

BIR to auction off seized and forfeited properties from tax evaders 7:34 pm | Philippines News Agency BIR to auction off seized and forfeited properties from tax evadersThe Bureau of Internal Revenue (BIR) will put on the auction block next month properties seized from taxpayers who failed to pay their taxes.

Abaca export earnings up 27.7% to $31.51M in Q1 9:23 pm | Philippines News Agency Abaca export earnings up 27.7% to $31.51M in Q1Philippine export revenues from abaca fiber and other manufactures surged 27.7 percent in the first quarter of 2016 on the back of increased demand for abaca pulp.