TODAY'S BUSINESS HEADLINES

China's Hong Kong to ink FTA with ASEAN by 2016 - chief executive 6:54 am | Philippines News Agency | Xinhua China's Hong Kong Special Administrative Region is expected to sign a free trade agreement (FTA) with the Association of Southeastern Asian Nations (ASEAN) by 2016, Chief Executive Leung Chun-ying said on Sunday.

ASEAN integration seen to increase demand for high-skilled Pinoys ASEAN integration seen to increase demand for high-skilled Pinoys 6:10 am | Leslie D. Venzon, Philippines News Agency The forthcoming integration of the 10-member ASEAN Economic Community (AEC) can increase the demand for high-skilled Filipino workers abroad.

Single toll collection to stay for motorists passing through NLEX, SCTEX Single toll collection to stay for motorists passing through NLEX, SCTEX 7:05 pm | Cassandra Lee, InterAksyon.com The scheme is meant to make travel between NLEX and SCTEX seamless.

5 Hollywood-style studios ready by yearend, says ABS-CBN 5 Hollywood-style studios ready by yearend, says ABS-CBN 6:51 pm | Cassandra Lee, InterAksyon.com Another five sound stages will be complete by next year.

Asean, EU seek to jump-start free-trade talks Asean, EU seek to jump-start free-trade talks 6:44 pm | Agence France-Presse The EU launched trade talks in 2007, but broke them off in 2009 largely because of human rights concerns in Asean member Myanmar.

Maybank\ Maybank's Philippine unit grows profit by more than twofold 6:34 pm | InterAksyon.com Its lending business grew by nearly a third year-on-year.

Puerto Princesa inaugurates solar panels atop City Hall Puerto Princesa inaugurates solar panels atop City Hall 4:15 pm | Philippines News Agency The solar panels can produce 78 kWp at a cost of P8 per kWh.

Propmech installs second solar power rooftop for ADB 4:02 pm | InterAksyon.com Propmech installs second solar power rooftop for ADBThe 110.7-kWp facility complements the first one, which has 571.2-kWp in capacity.

Banks now less generous in lending even to businesses 9:48 pm | InterAksyon.com Banks now less generous in lending even to businessesSurvey respondents blamed their stinginess to less tolerance for risk and stricter BSP regulations.

Manila Water firms up venture into retail business 4:22 pm | InterAksyon.com Manila Water firms up venture into retail businessSubsidiary Total Solutions bagged FDA clearance to market its purified bottled water.

Federal Resources' board just handed over majority ownership to LBC 3:45 pm | InterAksyon.com Federal Resources\Federal Resources' board issued new shares, giving LBC a 59-percent stake in the dormant listed firm.

First unit of Ayala, Trans-Asia joint venture power plant in Batangas goes online 2:47 pm | InterAksyon.com First unit of Ayala, Trans-Asia joint venture power plant in Batangas goes onlineThe output of the plant will be sold to consumers who qualify under the open access scheme.

Tech triumvirate propels Nasdaq, S&P to record highs 2:11 pm | Reuters Tech triumvirate propels Nasdaq, S&P to record highsMicrosoft, Amazon, Google and Starbucks accounted for the bulk of the Nasdaq's rise on Friday.

Lending business boosts BDO's first-quarter net income 11:25 pm | InterAksyon.com Lending business boosts BDO\BDO's board set a full-year profit guidance of P25.1 billion.

Philippine stocks, most other Southeast Asian bourses up on firmer oil prices 9:34 pm | Reuters Philippine stocks, most other Southeast Asian bourses up on firmer oil pricesThe Philippine stock index rose 0.7 percent to 7,947.25, its highest close since April 16.

Megawide consortium signs contract for Metro Manila's first transport terminal PPP project 8:08 pm | Cassadra Lee, InterAksyon.com Megawide consortium signs contract for Metro Manila\Construction is scheduled to begin no later than December.

APEC kicks off survey looking into potential of integrated auto market 8:01 pm | Philippines News Agency APEC kicks off survey looking into potential of integrated auto marketToday's concluding session of the Automotive Dialogue approved the template for the survey.

ABS-CBN sees lower ad revenue boost from 2016 elections 7:36 pm | Cassandra Lee, InterAksyon.com ABS-CBN sees lower ad revenue boost from 2016 electionsLine-up of potential presidential candidates harbinger of less placements, says chairman Eugenio Lopez III.

Philippines aims for 'A' credit score after S&P keeps investment grade rating 7:21 pm | InterAksyon.com Philippines aims for \According to S&P, low income and developing institutional and governance framework are hampering policy responsiveness.

President Aquino sees sustained rise of FDIs to the Philippines 3:41 pm | Philippines News Agency President Aquino sees sustained rise of FDIs to the PhilippinesCiting the investors' faith in the country's good-governance thrust, President Benigno Aquino III predicts a sustained strong growth of foreign direct investments.

Nasdaq sets closing record 10:07 am | Reuters Nasdaq sets closing recordIts new record close of 5,056.06 capped a slow, unsteady climb since it touched a 2002 low of 1,114.11.

Philippines' chief economist pushes Asean collaboration beyond trade, investment 9:16 pm | Rain Castro, InterAksyon.com Philippines\Areas for collaboration include disaster risk management, social protection, data management and local institutional capacity building.

GUESS | How much is China's territorial incursion costing Philippine economy? 5:48 pm | Orti Despuez, InterAksyon.com GUESS | How much is China\The economic cost applies not only to the Philippines, but also to the world's marine biodiversity.