TODAY'S BUSINESS HEADLINES

Over 100 cruise calls scheduled to dock in PHL this year – DOT Fri, Jan 13, 2017, 11:24 PM | Philippines News Agency

China posts worst export fall since 2009 as fears of US trade war loom Fri, Jan 13, 2017, 10:31 PM | Elias Gleen and Sue-lin Wong, Reuters

CONSUMER POWER OUTLOOK | Record low rates in January, spike in March Fri, Jan 13, 2017, 2:38 PM | Gerard de la Peña, Bloomberg TV Philippines | Ernie Reyes, InterAksyon.com

We'll pay for medical bills of Bataan folk near coal plant, even if it's 'galis aso' - SMC's Ang Thu, Jan 12, 2017, 2:56 PM | Shyla Francisco, Bloomberg TV Philippines

PHP up, PSEi down on investors disappointment on Trump's presscon Fri, Jan 13, 2017, 12:33 AM | Philippines News Agency

Oil firms to cut pump prices Tuesday 6:26 pm | Philippines News Agency Oil firms will roll back pump prices on Tuesday, following international market trends.

House okays grant of new 25-year franchise to Smart House okays grant of new 25-year franchise to Smart 6:08 pm | Lira Dalangin-Fernandez, InterAksyon.com The House of Representatives has approved on third and final reading House Bill No. 4637 giving Smart Communications, Inc. a fresh 25 years in its…

S. Korea prosecutors seek arrest of Samsung heir S. Korea prosecutors seek arrest of Samsung heir 5:30 pm | South Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country's president impeached,…

Congress would rather focus on tax collection inefficiency than back new taxes Congress would rather focus on tax collection inefficiency than back new taxes 2:50 pm | Lira Dalangin-Fernandez, InterAksyon.com Not in a hurry to pass new tax measures, the House of Representatives will instead train its sights on tax collection efficiency of concerned agencies…

COCKTALES | New Pacifica owners distance selves from Yuchengco, Romero COCKTALES | New Pacifica owners distance selves from Yuchengco, Romero 12:29 pm | Victor C. Agustin The new majority owners of the shell company Pacifica, the Yu/Dato group, clarifies that they are neither lawyers of, or partners of, Congressman Mikee Romero.

South Korea prosecutors to decide Monday on Samsung heir arrest South Korea prosecutors to decide Monday on Samsung heir arrest 12:01 am | Agence France-Presse South Korean prosecutors investigating a major influence-peddling scandal involving impeached President Park Geun-Hye said they would decide Monday whether to arrest the heir to the…

PH to put forward MSME initiatives in ASEAN 2017 PH to put forward MSME initiatives in ASEAN 2017 9:26 pm | Philippines News Agency The Philippines will be putting forward initiatives to strengthen the capacity of micro, small, and medium enterprises (MSMEs) during the 2017 ASEAN Summit.

Duterte secures highest ODA levels at P1 trillion in short period - DOF 2:44 pm | Philippines News Agency Duterte secures highest ODA levels at P1 trillion in short period - DOFPresident Rodrigo Duterte has raised the highest amount of Official Development Assistance (ODA) for the Philippines at close to P1 trillion in only seven months of his administration, according to the Department of Finance.

Nasdaq hits record; bank earnings validate Wall St. rally 4:58 pm | Reuters Nasdaq hits record; bank earnings validate Wall St. rallyWall Street has surged since President-elect Donald Trump's unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks.

FOCUS | China’s Xi meets Davos elite as voters revolt 12:00 pm | Jitendra Joshi, Agence France-Presse FOCUS | China’s Xi meets Davos elite as voters revoltXi Jinping will become the first Chinese president to attend the forum when he gives a keynote speech on Tuesday that is expected to extol Beijing's efforts to negotiate new types of regional trade deals shorn of US influence.

Canada's oil sands must be phased out - Trudeau 10:40 am | Agence France-Presse Canada\Canada must 'phase out' Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday.

Over 100 cruise calls scheduled to dock in PHL this year – DOT 11:24 pm | Philippines News Agency Over 100 cruise calls scheduled to dock in PHL this year – DOTA total of 117 cruise calls with an estimated 86,000 passengers are scheduled to dock in the Philippines this year, the Department of Tourism (DOT) revealed on Friday.

China posts worst export fall since 2009 as fears of US trade war loom 10:31 pm | Elias Gleen and Sue-lin Wong, Reuters China posts worst export fall since 2009 as fears of US trade war loomChina's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.

PSEi, PHP end the week down on markets' concerns 7:49 pm | Philippines News Agency PSEi, PHP end the week down on markets\Net foreign selling in the Philippines’ equities market resulted in its third straight loss for the year on Friday and the peso’s weakness against the US dollar.

CONSUMER POWER OUTLOOK | Record low rates in January, spike in March 2:38 pm | Gerard de la Peña, Bloomberg TV Philippines | Ernie Reyes, InterAksyon.com CONSUMER POWER OUTLOOK | Record low rates in January, spike in MarchPower rates will fall to their lowest in over seven years this month, but could surge in March due to maintenance work on the Malampaya natural gas facility.

PHP up, PSEi down on investors disappointment on Trump's presscon 12:33 am | Philippines News Agency PHP up, PSEi down on investors disappointment on Trump\The Philippine peso improved against the greenback Thursday but the local stock market ended on the red on investors’ disappointment on the first press conference of US president-elect Donald Trump.

PHL registers $354-M net hot money inflow in 2016: BSP data 12:19 am | Joann S. Villanueva, Philippines News Agency PHL registers $354-M net hot money inflow in 2016: BSP dataInvestor confidence in the Philippine economy remains, as shown by the reversal to net inflows of foreign portfolio investments in the country in 2016.

WATCH | Tokyo pledges P434-B development aid to Manila; 5 agreements signed 10:33 pm | Cielito M. Reganit and Jelly F. Musico, Philippines News Agency | Maricel Halili, News5 WATCH | Tokyo pledges P434-B development aid to Manila; 5 agreements signedJapan on Thursday pledged to provide JPY 1 trillion (PHP 434 billion) in development aid to the Philippines and help its partner overhaul its infrastructure as the two countries seek ways to further strengthen bilateral ties.

Power rates to drop by P0.27/kWh 6:53 pm | Philippines News Agency Power rates to drop by P0.27/kWhElectricity rates will decrease by P0.27 per kilowatt-hour (kWh) this month due to a drop in generation charge, the Manila Electric Co. (Meralco) said Thursday.

We'll pay for medical bills of Bataan folk near coal plant, even if it's 'galis aso' - SMC's Ang 2:56 pm | Shyla Francisco, Bloomberg TV Philippines We\The DENR will facilitate the transfer of an ash stockpile located inside Petron's Bataan refinery, which residents in Limay town blame for a rash of ailments. The company has denied responsibility and president Ramon Ang said they will foot medical bills of complainants even if it's scabies.

With globalization’s limited success, countries should invest more in people - Nobel laureate 8:15 am | Jose Bimbo F. Santos, InterAksyon.com With globalization’s limited success, countries should invest more in people - Nobel laureateGlobalization has been credited for helping create unprecedented prosperity but has also failed to substantially cut inequality, especially in emerging countries.

Peso, PSEi retreat ahead of Trump presscon 9:19 pm | Philippines News Agency Peso, PSEi retreat ahead of Trump pressconProfit-taking reigned in the currency and equities markets Wednesday, reversing the gains of both the peso and the Philippine Stock Exchange index (PSEi).

Samsung heir becomes suspect in S. Korea political scandal 5:34 pm | Agence France-Presse Samsung heir becomes suspect in S. Korea political scandalSamsung heir Lee Jae-Yong has become a criminal suspect in a widening probe into the corruption and influence-peddling scandal engulfing impeached South Korean President Park Geun-Hye, prosecutors said Wednesday.