TODAY'S BUSINESS HEADLINES

New breed of investors embrace China's white-knuckle ride Sun, Feb 7, 2016, 7:14 PM | Jessica Macy Yu, Reuters

End-January 2016 GIR level reaches $80.16B Fri, Feb 5, 2016, 5:10 PM | InterAksyon.com

China grapples with contradictions over currency Sun, Feb 7, 2016, 12:20 PM | Julien Girault, Agence France-Presse

Meralco to hike electricity rate by P0.42/kWh Fri, Feb 5, 2016, 6:42 PM | Juzel L. Danganan, Philippines News Agency

200,000 more Maynilad customers in 2015 Fri, Feb 5, 2016, 11:59 AM | InterAksyon.com

Globe sets lower capex of $750M for 2016; posts 23% hike in net income 5:59 pm | Daryl Gutierrez, InterAksyon.com Globe Telecom Inc. on Monday said it will spend up to $750 million for capital expenditure this year, lower than the $850 million capex of last year.

US hopeful Argentina can reach deal with holdout creditors US hopeful Argentina can reach deal with holdout creditors 9:11 am | Agence France-Presse The United States voiced optimism Sunday that Argentina will be able to settle its long debt battle with "holdout" creditors, following a landmark offer from…

FOCUS | As Big Oil shrinks, boards plot different paths out of crisis FOCUS | As Big Oil shrinks, boards plot different paths out of crisis 6:42 am | Ron Bousso and Terry Wade, Reuters As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades, boards have adopted contrasting strategies to lead them…

New breed of investors embrace China\ New breed of investors embrace China's white-knuckle ride 7:14 pm | Jessica Macy Yu, Reuters A new breed of small investor is riding China's rollercoaster stock markets, looking for a quick buck and thriving on the volatility that has sent…

China forex reserves fall almost $100B in January China forex reserves fall almost $100B in January 6:02 pm | Agence France-Presse China's foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said Sunday, as Beijing sells dollars to…

China grapples with contradictions over currency China grapples with contradictions over currency 12:20 pm | Julien Girault, Agence France-Presse China is struggling to reconcile its push for economic reforms and a freely traded currency with curbing massive outflows of capital sparked by worries over…

Unpaid and angry, some Chinese workers ditch holidays to protest Unpaid and angry, some Chinese workers ditch holidays to protest 5:04 pm | Reuters Many workers with unpaid wages at an apartment complex construction site in Hebei province are not joining China's legion of migrant workers returning home to…

Meralco to hike electricity rate by P0.42/kWh 6:42 pm | Juzel L. Danganan, Philippines News Agency Meralco to hike electricity rate by P0.42/kWhThe Manila Electric Company (Meralco) said it will increase the overall rate of its electricity prices by P0.42 per kilowatthour (kWh) to P8.82 per kWh this month, mainly due to the generation charge.

End-January 2016 GIR level reaches $80.16B 5:10 pm | InterAksyon.com End-January 2016 GIR level reaches $80.16BThe country's gross international reserves (GIR) stood at US$80.16 billion as of end-January 2016, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr. announced Friday, citing preliminary data.

Banks' NPL ratio improves amid growth in loans 4:35 pm | InterAksyon.com Banks\The ratio between the gross non-performing loans (NPLs) of universal and commercial banks (U/KBs) and their total loan portfolio (TLP) stood at 1.77 percent as of end-October 2015, an improvement from the 1.82 percent at end-September.

200,000 more Maynilad customers in 2015 11:59 am | InterAksyon.com 200,000 more Maynilad customers in 2015Maynilad Water Services, Inc. (Maynilad) served 30,472 new accounts in 2015, effectively servicing an additional 208,818 people in its service area, the West Zone concessionaire reported Thursday.

US small businesses boost hiring in January, but cite problem finding qualified workers 10:39 am | Reuters US small businesses boost hiring in January, but cite problem finding qualified workersUS small businesses stepped up hiring in January after taking a pause in December and many continued to point to difficulty finding qualified workers, a survey showed on Thursday.

NGCP schedules 12-hour power interruption in parts of Mindanao Sunday 8:24 pm | Philippines News Agency NGCP schedules 12-hour power interruption in parts of Mindanao SundayThe National Grid Corporation of the Philippines (NGCP) on Thursday announced a 12-hour blackout in some parts of Mindanao on Sunday due to “regular maintenance” of its major transmission lines.

NEDA Board okay for LRT-7 to lapse Feb. 19; San Miguel's next move awaited 6:45 pm | Daryl Gutierrez, InterAksyon.com NEDA Board okay for LRT-7 to lapse Feb. 19; San Miguel\More than 15 months after giving government a performance undertaking for the P62.7-billion MRT Line 7 project, San Miguel's Universal LRT Corp. has yet to complete financial closure, raising the possibility of construction delays should it fail to meet the February 19 deadline.

Pacific Rim nations sign US-led TPP amid protests 9:17 am | Agence France-Presse Pacific Rim nations sign US-led TPP amid protestsThe US-led Trans-Pacific Partnership, one of the biggest trade deals in history, was signed in New Zealand on Thursday by all 12 member nations amid loud protests.

UN expert: TPP 'fundamentally flawed' 6:34 am | InterAksyon.com UN expert: TPP \United Nations human rights expert Alfred de Zayas called on governments not to sign the Trans-Pacific Partnership (TPP) without reaffirming their human rights treaty obligations and their recent pledges to achieve the Sustainable Development Goals.

Ayalas, SMC group, MPIC join 2 foreign firms buying bid documents for North-South Railway 11:51 pm | Daryl Gutierrez, InterAksyon.com Ayalas, SMC group, MPIC join 2 foreign firms buying bid documents for North-South RailwayFive local and foreign firms have purchased bid documents for the North-South Railway Project, the biggest rail infrastructure project under the Public-Private Partnership (PPP) program.

Cebu Pacific reports 9% hike in passenger traffic in 2015 11:42 pm | Daryl Gutierrez, InterAksyon.com Cebu Pacific reports 9% hike in passenger traffic in 2015The country's largest budget airline on Wednesday reported a 9 percent increase in passenger traffic in 2015, exceeding its target of 18 million passengers.

Peso weakens vs USD as oil prices fall anew 8:20 pm | Philippines News Agency Peso weakens vs USD as oil prices fall anewThe Philippine peso shed P0.12 against the greenback Wednesday on higher risk aversion after oil prices fell below US$30 a barrel again.

PSE gets Best Stock Exchange in Southeast Asia award 7:35 pm | InterAksyon.com PSE gets Best Stock Exchange in Southeast Asia awardThe Philippine Stock Exchange, Inc. (PSE) was recently adjudged Best Stock Exchange in Southeast Asia by institutional investment magazine Alpha Southeast Asia.

Court nixes TRO bid of stock brokers, dealers against implementing rules of 2015 SRC 6:45 pm | InterAksyon.com Court nixes TRO bid of stock brokers, dealers against implementing rules of 2015 SRCSaying a group of stock brokers and dealers had failed to show damage and the need for urgency, a Mandaluyong court has rejected their bid to stop implementation of certain provisions of the Amended Implementing Rules and Regulations of the Securities Regulation Code (SRC), or Republic Act 8799.

ChemChina's $43-B bid for Syngenta is largest acquisition by Chinese firm 5:40 pm | Reuters ChemChina\China's state-owned ChemChina will make an agreed $43 billion bid for Swiss seeds and pesticides group Syngenta, the companies said on Wednesday, marking the largest ever overseas acquisition by a Chinese firm.

Asian stocks tumble, safe assets shine as oil retreats 3:16 pm | Reuters Asian stocks tumble, safe assets shine as oil retreatsAsian shares tumbled on Wednesday as oil prices dropped for a third day, prompting investors to seek shelter in safe-haven assets and lifting bonds and gold to multi-month highs.