TODAY'S BUSINESS HEADLINES

BSP sees turnaround in BOP in 2H on higher capital inflows 22-Jul-14, 6:29 PM | Scarlet Venilia, InterAksyon.com

7Eleven Philippines sets aggressive expansion amid entry of new players 22-Jul-14, 5:44 PM | Krista Angela M. Montealegre, InterAksyon.com

NLEX-SLEX Connector Road project faces roadblock after DOJ requires Swiss challenge 22-Jul-14, 5:18 PM | Darwin G. Amojelar, InterAksyon.com

Luzon power supply up as 2 First Gen plants back online nearly a week after 'Glenda' 22-Jul-14, 11:09 AM | Euan Paulo C. Añonuevo, InterAksyon.com

Pure Foods hikes flour production as it gears up for ASEAN integration 22-Jul-14, 10:38 AM | Krista Angela M. Montealegre, InterAksyon

Emergency powers vital to prevent brownouts in 2015 - Petilla 7:49 am | Juzel L. Danganan, Philippines News Agency Energy Secretary Jericho Petilla has stressed that his proposal to give President Benigno Aquino III emergency powers was vital to prevent brownouts from occurring in 2015.

Moody\ Moody's trims Philippine growth forecast, but retains credit outlook 6:29 am | Scarlet Venilia, InterAksyon.com Moody’s Investors Service has cut its growth forecast for the Philippines, but is keeping its positive outlook on the country's credit rating.

Business groups lobby for independent entity to monitor tobacco firms\ Business groups lobby for independent entity to monitor tobacco firms' tax compliance 5:57 am | Rain Castro, InterAksyon.com Business groups have asked the government to appoint a third party who will monitor tax compliance among cigarette companies.

ADVISORY | Meralco restores power in 97 pct of franchise a week after \ ADVISORY | Meralco restores power in 97 pct of franchise a week after 'Glenda' 8:45 pm | InterAksyon.com Power restoration work by Manila Electric Co (Meralco) has led to the resumption of service in nearly 97 percent of its franchise area. But the…

DTI allows modest markup for convenience stores in typhoon-hit areas DTI allows modest markup for convenience stores in typhoon-hit areas 8:08 pm | Chelsea Cruz, InterAksyon.com Price freeze covers convenience

Cebu Pacific, Tigerair seal interline agreement Cebu Pacific, Tigerair seal interline agreement 7:53 pm | Darwin G. Amojelar, InterAksyon.com Cebu Pacific and Singapore-based Tigerair enter into interline agreement, creating the biggest network of flights from the Philippines to anywhere in Asia.

SEC approves PNB\ SEC approves PNB's capital increase 6:55 pm | Krista Angela M. Montealegre, InterAksyon.com Philippine National Bank (PNB) has secured the approval of the Securities and Exchange Commission to hike its capital as part of its merger with Allied…

GOOD NEWS | GSIS pushes back housing loan restructuring deadline to Dec 29 6:49 pm | Likha Cuevas-Miel, InterAksyon.com GOOD NEWS | GSIS pushes back housing loan restructuring deadline to Dec 29he Government Service Insurance System (GSIS) has extended for the third time the deadline for the housing loan remedial and restructuring program until December 29 this year to accommodate more applicants.

BSP sees turnaround in BOP in 2H on higher capital inflows 6:29 pm | Scarlet Venilia, InterAksyon.com BSP sees turnaround in BOP in 2H on higher capital inflowsExpect a bump in the country's balance of payments (BOP) starting July, says Bangko Sentral chief Amando Tetangco.

Real estate purchases fuel increase in banks' 1Q consumer loans 5:54 pm | Scarlet Venilia, InterAksyon.com Real estate purchases fuel increase in banks\Real estate acquisitions fueled the increase in banks' consumer loans in the first quarter of the year, according to the Bangko Sentral ng Pilipinas (BSP).

7Eleven Philippines sets aggressive expansion amid entry of new players 5:44 pm | Krista Angela M. Montealegre, InterAksyon.com 7Eleven Philippines sets aggressive expansion amid entry of new playersThe Philippine licensee of the 7-Eleven chain of convenience stores is expanding its network to keep its dominance of the local market amid the entry of new players.

NLEX-SLEX Connector Road project faces roadblock after DOJ requires Swiss challenge 5:18 pm | Darwin G. Amojelar, InterAksyon.com NLEX-SLEX Connector Road project faces roadblock after DOJ requires Swiss challengeNLEX-SLEX Connector Road faces new delay after DOJ orders Swiss challenge for project.

Geopolitical worries weigh on Philippine share prices 4:29 pm | Krista Angela M. Montealegre, InterAksyon.com Geopolitical worries weigh on Philippine share pricesPhilippine share prices hardly moved on Tuesday as geopolitical concerns weighed on sentiment and kept investors on the sidelines.

PNoy signs 'Lemon Law' - Bam 3:12 pm | Ernie Reyes, InterAksyon.com PNoy signs \President Benigno Aquino III has signed the Philippine Lemon Law of 2014, which protects consumers who buy defective vehicles, his cousin, Senator Bam Aquino, said Tuesday.

5 top consumer concerns of Filipinos (and 3 things they're doing to address them) 2:09 pm | Arnold S. Tenorio, InterAksyon.com 5 top consumer concerns of Filipinos (and 3 things they\Filipinos grew more optimistic in the second quarter of the year, even as the outlook among their Asean neighbors turned bearish.

LTFRB issues special permits for 12,500 buses for Iglesia celebrations 1:34 pm | Darwin G. Amojelar, InterAksyon.com LTFRB issues special permits for 12,500 buses for Iglesia celebrationsThe Land Transportation Franchising and Regulatory Board on Tuesday said it will issue special permits to 12,500 buses nationwide to transport an estimated one million members of Iglesia ni Cristo (INC) for the church's centennial anniversary on Sunday.

Luzon power supply up as 2 First Gen plants back online nearly a week after 'Glenda' 11:09 am | Euan Paulo C. Añonuevo, InterAksyon.com Luzon power supply up as 2 First Gen plants back online nearly a week after \First Gen Corp has brought back its two natural gas plants in Batangas online after the facilities were cut off from the Luzon grid by Typhoon Glenda.

Metrobank sells Tier 2 notes anew 10:50 am | Krista Angela M. Montealegre, InterAksyon.com Metrobank sells Tier 2 notes anewMetropolitan Bank & Trust Co (Metrobank) is returning to the debt market to issue a new series of debt notes starting July 28 in compliance with the Basel 3 capital framework.

Pure Foods hikes flour production as it gears up for ASEAN integration 10:38 am | Krista Angela M. Montealegre, InterAksyon Pure Foods hikes flour production as it gears up for ASEAN integrationSan Miguel Pure Foods Company Inc. said it will add 1,800 metric tons to its daily capacity with the expansion of its flour milling capacity in Batangas this September and the construction of two new plants in strategic areas in the country.

Stocks indexes fall, bonds gain on escalating Ukraine, Gaza concern 10:21 am | Caroline Valetkevitch, Reuters Stocks indexes fall, bonds gain on escalating Ukraine, Gaza concernMajor global stock markets fell and bond prices rallied on Monday as worries over conflicts in the Gaza Strip and Ukraine raised uncertainty for investors and kept them away from riskier assets.

Clark eyed as international gateway under airport plan, says DOTC 10:03 am | Darwin G. Amojelar, InterAksyon.com Clark eyed as international gateway under airport plan, says DOTCThe Department of Transportation and Communications (DOTC) is pushing Clark as an international gateway alongside the Ninoy Aquino International Airport (NAIA) and Sangley Point.

BIG MAC FROM THE FLOOR | Yum, McDonald's apologise as new China food scandal hits 10:02 am | Adam Jourdan and Lisa Baertlein, Reuters BIG MAC FROM THE FLOOR | Yum, McDonald\Yum Brands Inc and McDonald's Corp are facing a new food safety scare in China, denting the fast-food companies' efforts to shore up reputations and businesses that were hurt by a 2012 safety scandal in one of their biggest markets.

Leisure Resorts seals acquisition of Pagcor e-Games operator 11:14 pm | Krista Angela M. Montealegre, InterAksyon.com Leisure Resorts seals acquisition of Pagcor e-Games operatorLeisure and Resorts World Corp (LRWC) has sealed a deal to acquire the leading operator of Philippine Amusement & Gaming Corp's (Pagcor) e-Games stations.