Category archives for: Business

Volkswagen tells gov’t: ‘Make up your mind’

Manila Bulletin (Original link) Volkswagen Philippines sees tripling of its sales this year from over  600 unit sales last year to become a major player in five years even as it urged government to make up its mind to make manufacturing  a priority to be able to vie for the German carmaker’s  car manufacturing hub […]

Business seeks tax reforms

by MAYVELIN U. CARABALLO Reporter Manila Times (Original link) Simpler, lower, competitive rates proposed The Tax Management Association of the Philippines (TMAP), in a proposal filed with the Ways and Means Committees of both Houses of Congress, is pushing for reforms that will bring about lower and competitive income taxes and a simpler way of […]

DTI sees lower prices this year

DTI

by Bernie Magkilat Manila Bulletin (Original link) Trade and Industry Secretary Gregory L. Domingo said prices of goods and commodities should be cheaper this year because of the significant drop in fuel prices but said that some manufacturers are sure to use the port congestion issue as an alibi in not passing on savings to […]

Bank risks assessed

By MAYVELIN U. CARABALLO reporter Manila Times (Original link) BSP requires reports on securities licenses The Bangko Sentral ng Pilipinas (BSP) has issued a new regulation requiring banks to submit full reports on their securities dealings and the corresponding licenses granted them by the Securities and Exchange Commission, the Bureau of Treasury and other regulatory […]

Stocks close at record high

Manila Times (Original link) Shares rose in Friday trade on general optimism fueled by overnight gains on the US markets and investor interest sustained by the Philippines’ lower-than-expected December inflation. The benchmark Philippine Stock Exchange index (PSEi) finished at a new high of 7,402.72, up 35.09 points or 0.48 percent. It broke the previous record […]

Century posts P15-B pre-sales from 2015 property projects

By James Loyola Manila Bulletin (Original lin) Century Properties Group Inc. has pre-sold R15 billion worth of condominium units in six residential buildings scheduled for completion in 2015 on the back of continuous strong demand from the overseas Filipino market. The firm said in a disclosure to the Philippine Stock Exchange that reservation sales came […]

UPDATE: PH shares close at record high

By KRISTYN NIKA M. LAZO REPORTER Manila Times (Original link) (Updates with details, analyst comments) Philippine shares rose in Friday trade, driving the benchmark index to a new record close after it hit an all-time intraday high on optimism fueled by overnight gains on the US markets and easing domestic inflation. The benchmark Philippine Stock […]

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