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  • Japan-funded projects for signing in Q1 2019

    January 16, 2019 8:15 AM 458

    More flood control and road projects are set to be funded by Japan this year MANILA, Philippines – Three loan agreements with Japan are set to be formalized this 1st quarter of 2019, said the Department of Finance (DOF). The Japan International Cooperation Agency (JICA) will be funding the North-South Commuter Railway extension project, the 4th phase

  • Elections, infra push to boost PH economy in 2019 – First Metro

    January 15, 2019 10:38 AM 348

    First Metro Investment Corporation expects economic growth and lower inflation, but a weaker peso in 2019 MANILA, Philippines – Infrastructure projects, improved consumer spending, and the upcoming elections will help boost the economy in 2019, Metrobank's investment arm First Metro Investment Corporation said on Tuesday, January 15. First Metro said the recovery

  • Hanjin crisis threatens banks' credit ratings – Moody's

    January 15, 2019 7:26 AM 213

    Debt watcher Moody's says the loan exposure of 5 Philippine banks is a credit negative and will drive credit costs higher MANILA, Philippines – The loan exposure of 5 of the country's biggest banks to South Korean shipbuilder Hanjin Heavy Industries and Construction Philippines may drag down their credit ratings and drive credit costs higher, the latest

  • Ivanka Trump to help U.S. choose candidate for World Bank

    January 15, 2019 6:53 AM 227

    Jessica Ditto, the White House Deputy Director of Communications, says reports that Ivanka Trump 'is under consideration are false' WASHINGTON DC, USA – President Donald Trump's daughter and advisor Ivanka will help the United States choose its candidate to lead the World Bank but she will not be the one, the White House said on Monday, January 14. Treasury

  • Dennis Uy's Phoenix Petroleum, China's CNOOC get nod for LNG terminal

    January 14, 2019 11:35 AM 209

    The Department of Energy grants Tanglawan Philippines LNG Incorporated the notice to proceed to build a liquefied natural gas terminal in Batangas The joint venture of Dennis Uy's Phoenix Petroleum and China National Offshore Oil Corporation (CNOOC) was given the green light to establish a liquefied natural gas (LNG) terminal in Batangas. In a disclosure

  • Big-time oil price hike set for January 15

    January 14, 2019 10:57 AM 210

    The Department of Energy says the increase is due to oil-producing countries cutting their output to stabilize global prices MANILA, Philippines – Pump prices are set to spike on Tuesday, January 15, as oil-producing countries like Saudi Arabia cut their output to prevent oversupply. Shell, Petron, Caltex, Flying V, Unioil, Seaoil, Total, PTT Philippines

  • Pernia expresses worry over weak Philippine exports

    January 10, 2019 11:24 AM 149

    Socioeconomic Planning Secretary Ernesto Pernia says the government should support local businesses to make them globally competitive "Simplifying loan processes, provision of financial literacy trainings, and facilitation of linkages between MSMEs and large corporations are some ways to spur the internationalization of MSMEs," Pernia said. The comments

  • Cebu Pacific has new baggage rules starting January 15

    January 10, 2019 6:22 AM 136

    Passengers can purchase baggage allowance from booking up to 4 hours before their flight MANILA, Philippines – Budget airline Cebu Pacific will be implementing a new check-in baggage policy starting January 15. Cebu Pacific said passengers can purchase baggage allowance from booking up to 4 hours before their flight. Cebu Pacific added that for connecting

  • #AskTheTaxWhiz: Annual submissions to the BIR

    January 9, 2019 7:00 AM 146

    The Philippine Tax Whiz discusses the documents you need to submit to the Bureau of Internal Revenue this January Yes. First, you have to submit an Inventory List of finished goods, work in progress, raw materials, supplies, and stock-in trade. The Inventory List is due every January 30. Furthermore, the self-employed and professionals (SEPs) will need to submit

  • Low prices leave Benguet vegetables rotting

    January 9, 2019 6:40 AM 147

    Long lines of vegetable trucks wait to unload their produce – only to be told that the prices are too low BAGUIO, Philippines – At this time of the year, the agriculture story in Benguet would be about frost nipping at cabbage and other vegetables. Instead, the untold stories are more chilling. At the Benguet Agri-Pinoy Trading Center (BAPTC) and the La Trinidad