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Credit to Author: The Manila Times| Date: Tue, 23 Apr 2019 16:30:32 +0000

More than $10 billion in trade and investment agreements will be brought home by President Rodrigo Duterte after he visits Beijing this week, the Trade department claimed on Tuesday. “In…READ

The post PH, China to ink $10B in deals – DTI appeared first on The Manila Times Online.

Credit to Author: AGENCE FRANCE-PRESSE| Date: Tue, 23 Apr 2019 16:27:05 +0000

BEIJING: President Xi Jinping will lead a hard sales push at a Beijing summit this week, to corral more countries into a global infrastructure project at the core of China’s superpower ambitions…READ

The post Belt and Road push wins fans but criticism persists appeared first on The Manila Times Online.

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Tue, 23 Apr 2019 16:25:50 +0000

Banks are still not providing enough loans to micro, small and medium enterprises (MSME) sector, data from the Bangko Sentral ng Pilipinas (BSP) showed. A total of P547.785 billion was…READ

The post Banks’ MSME lending still short – BSP data appeared first on The Manila Times Online.

Credit to Author: ANGELICA BALLESTEROS, TMT| Date: Tue, 23 Apr 2019 16:24:54 +0000

THE stock market finished slightly lower on Tuesday in in a day of mixed Asian results, which analysts blamed on the lack of market-moving developments ahead of major earnings results….READ

The post PSEi drops 0.17%, lack of leads cited appeared first on The Manila Times Online.

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Tue, 23 Apr 2019 16:20:47 +0000

Better tax perks were assured to Japanese firms by the Department of Finance (DoF) to encourage them to invest more in the Philippines. The DoF said it recently assured Japanese…READ

The post DoF allays investor fears over incentives reform appeared first on The Manila Times Online.

Credit to Author: TYRONE JASPER C. PIAD| Date: Mon, 22 Apr 2019 16:30:23 +0000

Competition authorities are investigating whether power outages earlier this month were deliberately caused to drive up electricity prices. “The recent spate of scheduled and forced outages in Luzon by different…READ

The post Power plant outages trigger collusion probe appeared first on The Manila Times Online.

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Mon, 22 Apr 2019 16:26:21 +0000

The peso dropped back to the P52:$1 level on Monday, hitting a two-week low as the dollar gained strength on anticipation of fresh US economic growth data. The currency, which opened…READ

The post Peso drops to P52:$1 as US dollar strengthens appeared first on The Manila Times Online.

Credit to Author: TYRONE JASPER C. PIAD| Date: Mon, 22 Apr 2019 16:24:10 +0000

Rebates to be paid out by Ayala-led Manila Water Co. Inc. will be significantly higher than initially estimated, the company’s chief said on Monday. “From P150 million, it will definitely…READ

The post Rebates to ‘hover around’ P500M appeared first on The Manila Times Online.

Credit to Author: LISBET K. ESMAEL| Date: Mon, 22 Apr 2019 16:21:29 +0000

Last month’s water crisis has highlighted the need to immediately implement the Ease of Doing Business (EoDB) law, business and industry groups said, with mandated transaction deadlines seen hastening the…READ

The post Implement EoDB law – biz groups appeared first on The Manila Times Online.

Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Mon, 22 Apr 2019 16:20:26 +0000

American firms have been urged take advantage of the Philippines’ continued economic growth by investing in infrastructure projects and other sectors, the Finance department said. Finance Secretary Carlos Dominguez 3rd,…READ

The post Finance chief urges US firms to invest in PH appeared first on The Manila Times Online.