TODAY'S BUSINESS HEADLINES

PNoy orders halt to excessive local taxation of Napocor-contracted power plants 31-Oct-14, 9:26 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Government extends effectivity of lower price cap at electricity spot market 31-Oct-14, 4:34 PM | Euan Paulo C. Añonuevo, InterAksyon.com

PH stock index returns above 7,200-mark 31-Oct-14, 4:15 PM | Krista Angela M. Montealegre, InterAksyon.com

Philippines, Malaysia seal deal to double Manila-Kuala Lumpur flights 31-Oct-14, 10:40 AM | Darwin G. Amojelar, InterAksyon.com

China's October factory growth unexpectedly slips to five-month low 10:38 am | Reuters The official purchasing managers' index eased to 50.8 from 51.1 in September, but above the 50-point level that separates growth from contraction.

Dow, S&P 500 end at record highs; BoJ move adds fuel to rally Dow, S&P 500 end at record highs; BoJ move adds fuel to rally 10:05 am | Reuters The BOJ board voted to accelerate purchases of Japanese government bonds while tripling its purchases of exchange-traded funds and real-estate investment trusts.

Japan\ Japan's central bank shocks markets with more easing as inflation slows 9:27 am | Reuters Japan government signaled its readiness to ramp up spending to boost the economy.

Cebu bus rapid transit project bags World Bank financing Cebu bus rapid transit project bags World Bank financing 11:33 pm | InterAksyon.com Once completed in 2018, the BRT is expected to field 433,000 trips a day, resulting in savings of 25 minutes of travel and P7.50 in…

SM\ SM's Sy-Coson touts Philippines' economic gains 10:50 pm | Krista Angela M. Montealegre, InterAksyon.com Investment horizons should go beyond three years, according to the eldest daughter of mall magnate Henry Sy Sr.

Australia\ Australia's OceanaGold turns in a profit from Philippine copper-gold mine 10:34 pm | Orti Despuez, InterAksyon.com Besides the Didipio mine in Nueva Vizcaya, OceanaGold is also exploring in a second mine in northeastern Mindanao.

These 4 Philippine property stocks are worth buying now These 4 Philippine property stocks are worth buying now 10:10 pm | Krista Angela M. Montealegre, InterAksyon.com Maybank ATRKE identified the four as Ayala Land, SM Prime, Megaworld and Filinvest Land.

PNoy orders halt to excessive local taxation of Napocor-contracted power plants 9:26 pm | Euan Paulo C. Añonuevo, InterAksyon.com PNoy orders halt to excessive local taxation of Napocor-contracted power plantsThe move is aimed at ensuring LGUs don't scare off power sector investors.

Korean firm pays full price upon takeover of Angat hydropower plant 4:42 pm | Euan Paulo C. Añonuevo, InterAksyon.com Korean firm pays full price upon takeover of Angat hydropower plantK-Water bid for the facility for $441 million.

Government extends effectivity of lower price cap at electricity spot market 4:34 pm | Euan Paulo C. Añonuevo, InterAksyon.com Government extends effectivity of lower price cap at electricity spot marketThe price cap is meant to shield consumers from price spikes at the Wholesale Electricity Spot Market.

PH stock index returns above 7,200-mark 4:15 pm | Krista Angela M. Montealegre, InterAksyon.com PH stock index returns above 7,200-markAnalysts said investors were positioning ahead of the release of more corporate earnings results.

Payment of loan from BDO, not Metrobank, priority for Del Monte Pacific 3:33 pm | Krista Angela M. Montealegre, InterAksyon.com Payment of loan from BDO, not Metrobank, priority for Del Monte PacificThe fruit canner is raising funds from the sale of preferred shares to settle debt.

Bayantel takeover needs no legislative approval, says Globe 3:06 pm | Darwin G. Amojelar, InterAksyon.com Bayantel takeover needs no legislative approval, says GlobeGlobe cites the case of PLDT's acquisition of Digitel from the Gokongweis in 2011.

Price of LPG cut 1:17 pm | Euan Paulo C. Añonuevo, InterAksyon.com Price of LPG cutThe rollback will result in a P77 reduction in the price of every 11-kilogram LPG.

Philippines' 5th biggest rice importer sued for smuggling 12:20 pm | InterAksyon.com Philippines\Intercontinental Grains allegedly smuggling

Money supply growth slows further at close of third quarter 11:16 am | InterAksyon.com Money supply growth slows further at close of third quarterThis is the third month that domestic liquidity expansion has stayed below 20 percent.

World Bank grants $300-million loan to boost Philippines' development efforts 10:59 am | InterAksyon.com World Bank grants $300-million loan to boost Philippines\This is the World Bank's third development policy loan to the Philippines.

Philippines, Malaysia seal deal to double Manila-Kuala Lumpur flights 10:40 am | Darwin G. Amojelar, InterAksyon.com Philippines, Malaysia seal deal to double Manila-Kuala Lumpur flightsBesides doubling the flights between their capitals, both countries agreed to unlimited flights between cities other than their capitals.

Asia shares edge up on brightening U.S. prospects, BOJ awaited 10:35 am | Reuters Asia shares edge up on brightening U.S. prospects, BOJ awaitedMSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 percent in early trade.

Investors lend DoubleDragon more than enough to bankroll property projects 10:28 am | Krista Angela M. Montealegre, InterAksyon.com Investors lend DoubleDragon more than enough to bankroll property projectsThe real estate venture of Jollibee and Mang Inasal's founders raised P7.4 billion, higher than the original plan of P6.5 billion from the sale of 7-year corporate notes.

World Bank to cut 500 jobs in some units as part of revamp 10:04 am | Reuters World Bank to cut 500 jobs in some units as part of revampThe cuts represent about an 11 percent reduction in the 4,500-employee workforce of the bank's internal-facing divisions, including finance, human resources, research and security.

Wall St. up on GDP, earnings; fund year-end lifts winners 9:46 am | Reuters Wall St. up on GDP, earnings; fund year-end lifts winnersDespite the bullish data and the Federal Reserve's Wednesday statement indicating the economy is strengthening, gains on the S&P 500 were led by healthcare and utilities, traditionally defensive sectors.

Trade, defense buoy U.S. economy, but some weakness creeps in 9:23 am | Reuters Trade, defense buoy U.S. economy, but some weakness creeps inGross domestic product grew at a 3.5 percent annual pace, the Commerce Department said on Thursday. However, the pace of growth in business investment, housing and consumer spending slowed from the second quarter.