TODAY'S BUSINESS HEADLINES

PSEi posts gains, peso down to 7-year low Wed, Sep 28, 2016, 7:23 PM | Philippines News Agency

US fines RBS bank $1.1B over pre-crisis mortgages: company Wed, Sep 28, 2016, 3:26 PM | Agence France-Presse

Nickel output may fall by half as 20 more miners face suspension Wed, Sep 28, 2016, 4:02 PM | Shyla Francisco, Bloomberg TV Philippines

MVP Group completes DPWH requirements for NLEX-SLEX connector road Mon, Sep 26, 2016, 7:14 PM | InterAksyon.com

PHL, China can keep active economic exchange beyond maritime row: GMA Mon, Sep 5, 2016, 2:21 PM | Lira Dalangin-Fernandez, InterAksyon.com

Diokno nixes US hand in weakening peso, says market behavior logical 9:19 am | Ernie Reyes, InterAksyon.com | With a New5 Report President Duterte has pointed to external factors in the continuing decline of the peso, but DBM Secretary Diokno dismissed the notion that the US and other European countries manipulated the flight of foreign investments which resulted in the peso weakening to 7-year lows.

Peso slide pushing up power generation charge, may impact Oct. rates Peso slide pushing up power generation charge, may impact Oct. rates 8:49 am | Michelle Orosa-Ople, Bloomberg TV Philippines The peso depreciation may lead to higher power rates for October. Meralco's head of utility economics Larry Fernandez said the company has noticed 'upward pressure'…

OPEC members okay surprise oil output cut OPEC members okay surprise oil output cut 8:14 am | Agence France-Presse The Organization of Petroleum Exporting Countries (OPEC) agreed Wednesday to cut oil production, ministers said, in a surprise move aimed at boosting persistently weak crude…

BSP exec says Philippine peso remains strong amid depreciation BSP exec says Philippine peso remains strong amid depreciation 7:16 am | Joann Santiago, Philippines News Agency A ranking central bank official said the Philippine peso remained strong despite recent depreciation and traced this weakness to negative sentiments due to domestic and…

Think tank encourages more careful, calibrated foreign policy for PHL Think tank encourages more careful, calibrated foreign policy for PHL 10:37 pm | Joann S. Villanueva, Philippines News Agency A domestic think tank said careful pronouncements and calibrated actions by the government are needed to encourage more countries to partner with the Philippines.

PSEi posts gains, peso down to 7-year low PSEi posts gains, peso down to 7-year low 7:23 pm | Philippines News Agency The local bourse ended Wednesday with gains but the peso fell anew to its seven-year low due to higher-than-expected consumer confidence print in the US…

Nickel output may fall by half as 20 more miners face suspension Nickel output may fall by half as 20 more miners face suspension 4:02 pm | Shyla Francisco, Bloomberg TV Philippines The country's nickel output could be cut by more than half should the Department of Environment and Natural Resources decide to suspend 20 more mining…

US fines RBS bank $1.1B over pre-crisis mortgages: company 3:26 pm | Agence France-Presse US fines RBS bank $1.1B over pre-crisis mortgages: companyRoyal Bank of Scotland on Wednesday said it had agreed to a fine of $1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis.

'KAPATID, ANGAT LAHAT': Presidential adviser Joey Concepcion's 3-part plan for MSMEs 1:17 pm | Tricia Aquino, InterAksyon.com \President Rodrigo Duterte has 'approved the whole idea' of Presidential Adviser on Entrepreneurship Joey Concepcion to make business sustainable for micro, small, and medium enterprises: a program dubbed 'Kapatid, Angat Lahat', which aims for prosperity for all.

WB unanimously reappoints Jim Yong Kim president 12:39 pm | Agence France-Presse WB unanimously reappoints Jim Yong Kim presidentThe board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced Tuesday.

Canada approves $36-B Petronas LNG project 10:53 am | Agence France-Presse Canada approves $36-B Petronas LNG projectCanada approved Tuesday a Can$36 billion ($27 billion USD) project by Malaysia's Petronas to build a liquid natural gas pipeline along its Pacific Northwest coast, a massive project targeting Asian markets.

Threat of suspension looms over 20 metallic mines 7:57 am | Catherine J. Teves, PNA Threat of suspension looms over 20 metallic minesTwenty of 41 metallic mines in the country face possible suspension of operations for supposed non-compliance with relevant laws and regulations.

IMF hikes growth forecasts for Philippines for ’16, ‘17 11:03 pm | Joann Santiago, Philippines News Agency IMF hikes growth forecasts for Philippines for ’16, ‘17The International Monetary Fund (IMF) has revised upwards its growth projections for the Philippines this year and next year due to strong domestic output in the first half of 2016 brought largely by robust expansion in consumption and investments.

Duterte admin eyes P8.2-T spending budget for infra projects in next 6 years 9:44 pm | Jelly F. Musico, Philippines News Agency Duterte admin eyes P8.2-T spending budget for infra projects in next 6 yearsThe administration of President Rodrigo Duterte is eyeing an ambitious P8.2 trillion budget for infrastructure projects in the next six years to help boost the economy.

Peso inches up Tuesday vs US dollar as PSEi remains on the red 8:38 pm | Joann Santiago, Philippines News Agency Peso inches up Tuesday vs US dollar as PSEi remains on the redThe Philippine peso inched up against the US dollar on Tuesday as the Philippine Stock Exchange index (PSEi) remained on the red in reaction to the US presidential debate.

DOE not ruling out smuggling in oil price riddle: rising in Luzon-Visayas, but low in Mindanao 3:54 pm | Michelle Orosa-Ople, Bloomberg TV Philippines | InterAksyon.com DOE not ruling out smuggling in oil price riddle: rising in Luzon-Visayas, but low in MindanaoAnother fuel price hike was implemented Tuesday morning, but the price hike per se is not the focus in the energy sector now: it's the puzzle of pump prices staying at low levels in Mindanao as they increase in Luzon and the Visayas. The DOE is investigating, including the possibility of smuggling.

SM Supermalls gets Brand of the Year Award in prestigious WBA rites in London 2:39 pm | InterAksyon.com SM Supermalls gets Brand of the Year Award in prestigious WBA rites in LondonSM Supermalls received the prestigious Brand of the Year Award under the National Tier 2016-2017, at the recent World Branding Awards rites - an exclusive black tie gala dinner at the iconic Kensington Palace in London.

Duterte to open PH to more investors from China, Russia 11:24 pm | Jelly F. Musico, Philippines News Agency Duterte to open PH to more investors from China, RussiaPresident Rodrigo R. Duterte said on Monday he will invite more investors from China and Russia amid reports that businessmen from the United States and the European Union have expressed concerns about alleged extrajudicial killings of drug suspects in the Philippines.

Oil firms to hike pump prices of gasoline, diesel by P0.25/ltr effective Tuesday 9:48 pm | Sharifeh B. Roda, Philippines News Agency Oil firms to hike pump prices of gasoline, diesel by P0.25/ltr effective TuesdayMajor and independent oil companies will hike pump prices of both gasoline and diesel by P0.25 per liter effective Tuesday.

PHP weakens to 7-yr low; PSEi on the red ahead of OPEC meeting, US presidential debate 8:24 pm | Joann Santiago, Philippines News Agency PHP weakens to 7-yr low; PSEi on the red ahead of OPEC meeting, US presidential debateForeign selling in the local bourse due to combination of factors resulted in the weakest close of the Philippine peso since September 2009 and another drop in the Philippine Stock Exchange index (PSEi) Monday.

MVP Group completes DPWH requirements for NLEX-SLEX connector road 7:14 pm | InterAksyon.com MVP Group completes DPWH requirements for NLEX-SLEX connector roadUPDATED - The MVP Group's tollways and road infrastructure arm has formally submitted to the Department of Public Works and Highways the Post-Award Requirements for the construction and operation of the 8-kilometer NLEX-SLEX Connector Road.

Smoke forces PAL flight to Japan to turn back 5:39 pm | Agence France-Presse Smoke forces PAL flight to Japan to turn backSmoke from an air vent forced a Philippine Airlines flight to Japan to turn back just minutes after taking off on Monday, aviation officials said.

SEC to take up Shell IPO application 2:54 pm | Cristina Lazo, Bloomberg TV Philippines SEC to take up Shell IPO applicationThe Securities and Exchange Commission (SEC) may take up Pilipinas Shell's nearly P30-billion application for an initial public offering soon, an official said. The goal is to have an IPO by November 10.