TODAY'S BUSINESS HEADLINES

PH stock market falls in thin trading ahead of PNoy's SONA 28-Jul-14, 4:49 PM | Krista Angela M. Montealegre, InterAksyon.com

Holcim Philippines' 2Q earnings growth lags revenue, as power costs offset strong sales 28-Jul-14, 4:03 PM | Krista Angela M. Montealegre, InterAksyon.com

Meralco reports weak demand in 1H, expects 'Glenda' to soften 3Q results 28-Jul-14, 3:45 PM | Euan Paulo C. Añonuevo, InterAksyon.com

Gov't reverts to budget deficit in June as spending surges 28-Jul-14, 11:23 AM | InterAksyon.com

Absence of trading gains pulls down BDO's 6-month net income 28-Jul-14, 10:36 AM | Krista Angela M. Montealegre, InterAksyon.com

Araneta Group spending P30B for 20-year redevelopment of Araneta Center 11:13 pm | Darwin G. Amojelar, InterAksyon.com The Araneta Group has allotted P30 billion over a period of 20 years for the redevelopment of Araneta Center.

LTFRB gives unlicensed trucks-for-hire another month to secure permit LTFRB gives unlicensed trucks-for-hire another month to secure permit 11:03 pm | Darwin G. Amojelar, InterAksyon.com LTFRB extends by another month moratorium on apprehension of unlicensed trucks-for-hire.

Metro Pacific not rushing sale of stake in tollways unit Metro Pacific not rushing sale of stake in tollways unit 10:51 pm | Darwin G. Amojelar, InterAksyon.com MPIC is in no hurry to pare down stake in tollways unit.

IRC Properties soon to close property deal with Ayala Land IRC Properties soon to close property deal with Ayala Land 6:02 pm | Krista Angela M. Montealegre, InterAksyon.com IRC Properties Inc expects to soon close a deal with a unit of Ayala Land Inc for its sprawling property in Binangonan, Rizal.

SM Prime likely grew faster in 2Q, says exec SM Prime likely grew faster in 2Q, says exec 5:49 pm | Krista Angela M. Montealegre, InterAksyon.com SM Prime expects growth to have quickened in the second quarter compared with the first three months of the year.

With new default looming, Argentina urges calm With new default looming, Argentina urges calm 8:13 am | Paula Bustamante, Agence France-Presse Argentina admitted Monday it may default on some of its debts but downplayed the consequences, just two days before time expires in negotiations with hedge…

POST-SONA2014 | Debt watchdog lists 3 gut issues for transformation POST-SONA2014 | Debt watchdog lists 3 gut issues for transformation 7:52 am | Freedom from Debt Coalition Did DAP reduce debt? Should Congress grant the Executive's plan for emergency powers to avert power outages next year? What major budget reforms must be…

PNoy's family, other controlling shareholders sell sugar heirloom 7:23 pm | Krista Angela M. Montealegre, InterAksyon.com PNoy\The family of President Benigno Aquino III and other controlling shareholders of Central Azucarera de Tarlac Inc (CAT) have divested their stake for P1.80 billion.

VIDEO | Businessmen welcome PNoy's SONA pledge to continue reform 7:17 pm | Darwin G. Amojelar, InterAksyon.com VIDEO | Businessmen welcome PNoy\(UPDATE - 9:00 p.m.) Members of the business community lauded President Aquino's fifth SONA as he promised to continue reforms despite the controversies hounding his administration.

San Miguel, Lucio Tan Group in talks for PAL buyout 6:05 pm | Darwin G. Amojelar, InterAksyon.com San Miguel, Lucio Tan Group in talks for PAL buyoutSan Miguel Corp is in talks for the sale of its 49-percent stake in PAL back to the Lucio Tan Group.

8990 Holdings to build P25B worth of residential units 5:49 pm | Krista Angela M. Montealegre, InterAksyon.com 8990 Holdings to build P25B worth of residential units8990 Holdings Inc will add more than P25 billion worth of units to its inventory.

Hefty cut in price of gasoline set 5:38 pm | Euan Paulo C. Añonuevo, InterAksyon.com Hefty cut in price of gasoline setOil companies announce price rollback.

Philippines' demographic 'sweet spot' to peak in 2045, says PSA 5:24 pm | Darwin G. Amojelar, InterAksyon.com Philippines\Working-age Filipinos to comprise two-thirds of population by 2045.

Hotel for businessmen to rise in Araneta Center by early 2015 5:08 pm | Darwin G. Amojelar, InterAksyon.com The Araneta Group expects to open an upscale business hotel at the Araneta Center no later than the first quarter of 2015.

PH stock market falls in thin trading ahead of PNoy's SONA 4:49 pm | Krista Angela M. Montealegre, InterAksyon.com PH stock market falls in thin trading ahead of PNoy\PSEi drops in thin trading ahead of President Aquino's 5th SONA.

Ayala Land seeks more time to complete due diligence on Puerto Azul 4:28 pm | Krista Angela M. Montealegre, InterAksyon.com Ayala Land seeks more time to complete due diligence on Puerto AzulAyala Land is suing for more time to value portion of Puerto Azul the company plans to buy.

Holcim Philippines' 2Q earnings growth lags revenue, as power costs offset strong sales 4:03 pm | Krista Angela M. Montealegre, InterAksyon.com Holcim Philippines\Holcim Philippines registers strong second-quarter sales but power costs trimmed profitability.

Meralco reports weak demand in 1H, expects 'Glenda' to soften 3Q results 3:45 pm | Euan Paulo C. Añonuevo, InterAksyon.com Meralco reports weak demand in 1H, expects \Weak demand tempers Meralco's first-half profit.

Security Bank plans additional P20 billion fund-raising 3:30 pm | Krista Angela M. Montealegre, InterAksyon.com Security Bank plans additional P20 billion fund-raisingSecurity Bank is raising P20 billion from the sale of LTNCDs.

Gov't reverts to budget deficit in June as spending surges 11:23 am | InterAksyon.com Gov\The government's budget deficit expanded more than six-fold last month, erasing the surplus enjoyed at end-May.

Basic Energy's Indonesian joint venture nears completion of drilling in fourth well 10:45 am | Euan Paulo C. Añonuevo, InterAksyon.com Basic Energy\Basic Energy Corp's subsidiary is nearing completion of drilling activity in another oil well in Indonesia.

Absence of trading gains pulls down BDO's 6-month net income 10:36 am | Krista Angela M. Montealegre, InterAksyon.com Absence of trading gains pulls down BDO\BDO's profit fell 22 percent in the first six months of the year in the absence of extraordinary trading gains.

10 projects that just might solve Mindanao's power crisis 10:18 am | Euan Paulo C. Añonuevo, InterAksyon.com 10 projects that just might solve Mindanao\For much of PNoy's first 3 years in office, Mindanao's power sector has been in crisis, spurring investment in what is hoped could finally solve the region's problems.