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Samurai bond to finance Nanpeidai rehab

Part of the proceeds of the Philippine government’s planned USD500-700 million Samurai bond issuance this 2018 will be used to finance the rehabilitation of the state-owned asset in Nanpeidai, Shibuya in Japan.

Indian firm wants to join PH telco market — Duterte

President Rodrigo R. Duterte announced on Tuesday, Feb. 20, that an Indian firm is seeking to invest in the Philippines’ telecommunications industry.

Bourse expected to weather global volatility

Philippine equities are unlikely to return to bear territory for some time despite volatility in global markets, with the country’s long-term economic growth prospects remaining intact against a backdrop of normalizing interest rates and mounting inflation pressure, stock market analysts said on Tuesday.
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DICT issues draft rules for 3rd telco player

The government's bid to improve telecommunications services in the country has taken a step forward with the Department of Information and Communications Technology’s (DICT) release on Monday of draft criteria for selecting the third major service provider.

Udenna to challenge PCC decision to void KGLI-BV deal

The Udenna Group on Monday called "unduly harsh and uncalled for" the Philippine Competition Commission's (PCC) decision declaring void Udenna’s acquisition of KGL Investment B.V. for non-notification of the transaction with the PCC.

Australia, US, India and Japan in talks to establish Belt and Road alternative: report

Australia, the United States, India and Japan are talking about establishing a joint regional infrastructure scheme as an alternative to China’s multibillion-dollar Belt and Road Initiative in an attempt to counter Beijing’s spreading influence, the Australian Financial Review reported on Monday, citing a senior US official.
Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December.

Brisk sales boost Ayala Land’s 2017 profit by 21%

Property giant Ayala Land Inc. (ALI) on Wednesday said its profit grew 21 percent to PHP25.3 billion in 2017, as property sales and leasing revenues picked up.

Several large Makati firms sued for tax evasion

Several firms based in Makati City, including a company engaged in building power plants, were sued for tax evasion by the Bureau of Internal Revenue.
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PSBank branches closed for Chinese New Year

All PSBank branches will be closed on February 16 for the Chinese New Year but the bank said all its 609 ATMs will be online and PSBank Mobile and PSBank Online (Internet banking) will remain available.

Jollibee nets P7.1B in 2017

Homegrown fast-food giant Jollibee Foods Corp. (JFC) posted a 15-percent increase in profit in 2017 to PHP7.1 billion after opening its highest number of new stores.

January 2018 inflation uptick not due to TRAIN: DOF exec

Businesses’ compliance with higher taxes on cigarettes - and not the impact of tax reform - is the main factor behind the big jump of the Philippines’ inflation rate in January 2018 to 4 percent from 3.3 percent in December 2017.

SEC warns public vs unregistered retail trade firms

The Securities and Exchange Commission (SEC) has warned the public against dealing with unregistered entities, wholly or partly owned by foreign nationals, engaging in retail trade.