Philippine peso hits 3-week high

The Philippine peso rose to its strongest in more than three weeks on Thursday as better than expected economic growth data boosted chances for a further rate hike, while capital inflows fuelled further gains in most emerging Asian currencies.Full article

Top Stories

Trans-Asia to open Batangas coal plant in Q4

As of 08/28/2014 4:08 PM
MANILA, Philippines – Trans-Asia Oil and Energy Development Corp. said it expects to start operations of the first unit of its coal-fired power plant in Batangas by the end of the year in time for the expected power shortage in the summer of 2015. Full article

Diokno: Philippine economy is slowing down

As of 08/28/2014 3:52 PM
Former Budget Secretary and UP economist Benjamin Diokno had a different view of the Philippines' second quarter GDP results.   Full article

Cebu Pacific named official PH carrier to Canada, New Zealand

As of 08/28/2014 3:35 PM
MANILA, Philippines – Cebu Pacific has been designated as an official Philippine carrier to New Zealand, Myanmar, and Canada, the Civil Aeronautics Board (CAB) said. Full article

Clark Water to invest P3.9-B in freeport zone

As of 08/28/2014 3:05 PM
MANILA, Philippines - Clark Water said it will invest P3.98 billion in its concession area in Clark Freeport and Special Economic Zones through 2040. Full article

Ex-bank manager's bail request denied by RTC

As of 08/28/2014 2:00 PM
 A court in Tarlac City denied the petition for bail of a former bank, who was accused of qualified theft. Full article

Dentist faces P31.64-M tax evasion rap

As of 08/28/2014 2:00 PM
MANILA, Philippines – A dentist from Caloocan City is facing tax liabilities amounting to P31.64 million, according to the Bureau of Internal Revenue (BIR). Full article

Henry Sy is Philippines' richest man for 7th straight year

As of 08/28/2014 12:45 PM
Mall magnate Henry Sy is the Philippines' richest man for the 7th consecutive year, according to Forbes magazine. Full article

BDO apologizes for service interruption

As of 08/28/2014 12:35 PM
MANILA, Philippines - Sy-led BDO Unibank on Thursday apologized to its customers for the service interruption in its ATMs and other banking services. Full article

RICH LIST: The 50 richest in the Philippines

As of 08/28/2014 11:38 AM
(UPDATE) – Forbes magazine on Thursday released its list of the 50 richest Filipinos for 2014. Full article

Balisacan: Slow state spending is a cause of concern

As of 08/28/2014 11:25 AM
 The slowdown in state spending in the second quarter is a "cause for concern" but the government can catch up on its expenditure plans, with overall growth still likely to hit the target for the year, Arsenio Balisacan, socioeconomic planning secretary, said on Thursday. Full article


RICH LIST: The 50 richest in the Philippines

Henry Sy

(UPDATE) – Forbes magazine on Thursday released its list of the 50 richest Filipinos for 2014.

Business Specials

5 investments you can make with P20,000 or less

5 investments you can make with P20,000 or less

We've put together a list of investments you can make with P20,000 that are financially better for you than going on a shopping spree.