TODAY'S BUSINESS HEADLINES

Philippine gov't should bankroll planned LNG terminal -- IFC exec 17-Sep-14, 6:34 PM | Darwin G. Amojelar, InterAksyon.com

Building a subway will solve congestion at MRT3, says Japanese expert 17-Sep-14, 6:11 PM | Darwin G. Amojelar, InterAksyon.com

August sales of car importers' group up 26 pct 17-Sep-14, 5:21 PM | Chelsea Cruz, InterAksyon.com

PH stock market advances for a second session 17-Sep-14, 4:48 PM | Darwin G. Amojelar, InterAksyon.com

Meralco backs bid to make permanent WESM secondary price cap 17-Sep-14, 4:23 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Asia's billionaires see fastest wealth growth: report 6:48 pm | Agence France-Presse sia's billionaires led by Chinese tycoons enjoyed the fastest increase in their wealth this year compared to their peers in the rest of the world, a report said Wednesday.

Philippine gov\ Philippine gov't should bankroll planned LNG terminal -- IFC exec 6:34 pm | Darwin G. Amojelar, InterAksyon.com According to the IFC, governments in other countries took the lead in building their liquefied natural gas receiving terminals.

Building a subway will solve congestion at MRT3, says Japanese expert Building a subway will solve congestion at MRT3, says Japanese expert 6:11 pm | Darwin G. Amojelar, InterAksyon.com The government can expand the MRT3's capacity by only 20 percent, according to JICA.

August sales of car importers\ August sales of car importers' group up 26 pct 5:21 pm | Chelsea Cruz, InterAksyon.com Both the passenger car and light commercial vehicle segments fueled the increase in sales last month.

TV5 allotting up to P700M for shift to digital TV TV5 allotting up to P700M for shift to digital TV 5:08 pm | Darwin G. Amojelar, InterAksyon.com The company aims to roll out its digital TV platform in three years.

PH stock market advances for a second session PH stock market advances for a second session 4:48 pm | Darwin G. Amojelar, InterAksyon.com Investors welcomed the Chinese central bank's stimulus to the world's second largest economy.

Meralco backs bid to make permanent WESM secondary price cap Meralco backs bid to make permanent WESM secondary price cap 4:23 pm | Euan Paulo C. Añonuevo, InterAksyon.com The secondary price cap is a scheme that guarantees electricity prices at the spot market don't shoot up.

Boulevard Holdings to revive construction of Puerto Galera resort 4:20 pm | Darwin G. Amojelar, InterAksyon.com Boulevard Holdings to revive construction of Puerto Galera resortConstruction of Friday's Puerto Galera was put off because of the onslaught of Typhoon 'Yolanda'.

A. Brown sells shares in Monte Oro to Apex Mining 4:13 pm | Darwin G. Amojelar, InterAksyon.com A. Brown sells shares in Monte Oro to Apex MiningIn turn, A. Brown will acquire a 6.24 percent stake in Apex Mining.

Fed could hint on rate-hike plans as it prepares for policy turn 3:10 pm | Reuters Fed could hint on rate-hike plans as it prepares for policy turnAll eyes are on the U.S. central bank issuing a policy statement that could lay important groundwork.

Local carriers cancel flights to China amid travel advisory 2:00 pm | Darwin G. Amojelar, InterAksyon.com Local carriers cancel flights to China amid travel advisoryCebu Pacific and Tigerair Philippines have cancelled 149 charter flights to and from mainland China due to the travel advisory issued by Beijing against Manila.

Electric coops asked to submit regular report on power plant operations 1:21 pm | Euan Paulo C. Anonuevo, InterAksyon.com Electric coops asked to submit regular report on power plant operationsUnder Memorandum No. 2014-020, all electric cooperatives in the country are to provide a report on their power facilities.

Philpost chief becomes 1st Asian member of global group of postal banks 12:55 pm | InterAksyon.com Philpost chief becomes 1st Asian member of global group of postal banksThe Philpost chief is also the only female member of the board.

Asia shares rise on Fed, China policy speculation 12:47 pm | Reuters Asia shares rise on Fed, China policy speculationThe market is betting that the US Fed will keep a pledge to maintain low rates.

Americans' incomes still stagnant after recession 12:36 pm | Reuters Americans\Median household incomes in the U.S. rose by a statistically insignificant rate last year.

Calpers dumps hedge funds citing cost, to pull $4 billion stake 12:31 pm | Reuters Calpers dumps hedge funds citing cost, to pull $4 billion stakeCalpers is the largest U.S. pension fund.

UK-based ResDiary, local firm launch online booking for restaurants 12:22 pm | Darwin G. Amojelar, InterAksyon.com UK-based ResDiary, local firm launch online booking for restaurantsOnline restaurant booking specialist ResDiary and Govago have teamed up to offer digital solutions to local restaurants.

OECD unveils proposals to curb corporate tax avoidance 11:29 am | Reuters OECD unveils proposals to curb corporate tax avoidanceThe new rules are aimed at eliminating the corporate practice of shifting the tax burden to tax havens.

Mitsubishi leads $600 million investment in Indonesia plant, new car 11:09 am | Reuters Mitsubishi leads $600 million investment in Indonesia plant, new carThe new Indonesian plant will manufacture multi-purpose vehicles that will be sold in the Philippines and elsewhere in Southeast Asia.

Agriculture sustains P409.7M in losses from Typhoon 'Luis' 9:11 am | Orti Despuez, InterAksyon.com Agriculture sustains P409.7M in losses from Typhoon \Rice production incurred the heaviest loss at P270.27 million.

AirAsia Zest cancels Boracay-China flights after travel advisory 6:28 pm | Darwin G. Amojelar, InterAksyon.com AirAsia Zest cancels Boracay-China flights after travel advisoryAirAsia Zest flights from Boracay to Shangai and Beijing will be cancelled.

Emperador mulls two-thirds debt financing for Whyte & Mackay acquisition 6:20 pm | Krista Angela M. Montealegre, InterAksyon.com Emperador mulls two-thirds debt financing for Whyte & Mackay acquisitionEmperador expects to close the transaction in the next few weeks.

PNoy clears higher fees for overstaying cargo 6:06 pm | Darwin G. Amojelar, InterAksyon.com PNoy clears higher fees for overstaying cargoThe higher surcharge is meant to discourage importers from keeping their cargo longer than necessary at the Port of Manila.