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Megaworld to speed up office space, retail projects in 2016

MANILA, Dec. 8 (PNA) — Property developer Megaworld Corp. is accelerating its office and retail space launches next year in a bid to further build its recurring income portfolio, optimistic…

PSEi declines to 6,800 level

MANILA, Dec. 8 (PNA) — Local share prices extended its losing streak to a fifth day on Tuesday, tracking a slump in the United States (US) markets amid concerns about…

Barclays still discounts hike in BSP rates despite inflation uptick in November ’15

By Joann Santiago MANILA, Dec. 4 (PNA) — An economist of banking giant Barclays continues to discount any adjustment in the central bank’s key rates this year despite an uptick…

Business confidence in PHL hit 2-yr high in Q4 ’15

By Joann S. Villanueva MANILA, Dec. 4 (PNA) — The Christmas season and election-related spending boosted businessmen’s outlook resulting to the two-year high overall business expectation survey (BES) confidence index…

Government spending hits highest year-on-year Q3 growth

MANILA, Dec. 7 (PNA) — National government spending continued to pick up with another two-digit year-on-year growth of 16.6 percent this September to wrap up a strong quarterly growth of…

PSEi extends decline

MANILA, Dec. 7 (PNA) — Local share prices ended lower for the third straight day on Monday, as investors stayed cautious ahead of next week’s decision of the Federal Reserve…

T-bill rates rise

MANILA, Dec 7 (PNA) — Rates of 91-, 182-, and 364-day Treasury bills (T-bills) rose Monday at the Bureau of Treasury’s (BTr) auction. The 91-day T-bills rate increased to 1.836…

Peso ends sideways vs. USD; PSEi on the red

By Joann Santiago MANILA, Dec. 3 (PNA) — The Philippine peso ended Thursday sideways to a US dollar while the local bourse finished on the red, both partly due to…

PHL microfinance loans reach Php 10.4 B

By Joann Santiago MANILA, Dec. 3 (PNA) — Microfinance loan portfolio in the Philippines continue to rise with the end-June 2015 level reaching Php 10.4 billion, Bangko Sentral ng Pilipinas…

8990 Holdings gearing up for overseas expansion

By Leslie D. Venzon MANILA, Dec. 3 (PNA) — Philippine mass housing developer 8990 Holdings Inc. is in talks with listed Singaporean company to form a joint venture to build…

Max’s Restaurant expands presence in US

MANILA, Dec. 3 (PNA) — Max’s Group, Inc., the country’s largest casual dining restaurant company, is set to further expand its presence in the United States. In a disclosure to…

PHL stocks rally on December’s first trading day

By Leslie D. Venzon MANILA, Dec. 1 (PNA) — The Philippine stock market opened the month on a high note rallying above the 7,000-level, bolstered by pent-up buying due to…

Emperador buys Fundador, 3 other int’l liquor brands

By Leslie D. Venzon MANILA, Dec. 1 (PNA) — Philippine brandy giant Emperador Inc. has sealed a deal with Beam Suntory to acquire the company’s Spanish brandy and sherry business,…

Cosco 9-month profit up 18% to Php3.01 B

MANILA, Dec. 1 (PNA) — Cosco Capital Inc., the retail holding firm of Lucio Co, has reported a record net income to equity holders of Php3.01 billion for the first…

NHMFC offers 6-month moratorium for victims of typhoon Lando

MANILA, Dec. 1 (PNA) — Borrowers of the National Home Mortgage Finance Corp. (NHMFC) affected by super typhoon Lando can now avail of a 6-month moratorium on their payables. All…