Economic Growth Depends on Infrastructure Boost

MANILA, Philippines – Economic expansion of the Philippines is greatly weighed on the ability of Duterte administration to make its infrastructure projects happen. A BMI Research analyst stated that infrastructure boost in the country could keep up the growth of the economy while...

Philippine Stock Exchange: Wrap-Up Report – January 5, 2017

MANILA, Philippines – The Philippine Stock Exchange Index (PSEi) extended its rally for the third consecutive day. The index rose by 178.49 points to close at 7,209.44, higher by 2.54 percent. At one point, the market even reached a high of 7,280, an intraday rise of about...

Sun Life to Redeem $800M Debentures

MANILA, Philippines – Sun Life Financial Inc. (PSE:SLF) announces to redeem Series 2012-1 Subordinated Unsecured 4.38% Fixed/Floating Debentures worth $800 million. In a disclosure to the Philippine Stock Exchange (PSE), Eric Weinheimer, Sun Life Vice President and Associate...

Federal Reserve Sees Inflation Risk Under Trump

The majority of the United States Federal Reserve officials consider that the economy of the country would expand faster due to the new administration’s fiscal policies, and many are anticipating quicker hikes in interest rates. These were revealed by the central bank’s meeting...

SSS Eyes New Method for Pension Contribution and Benefits

MANILA, Philippines – Social Security System (SSS) is planning to raise the pension funds and contributions through an indexation scheme as it targets to streamline the changing economic climate of the country. Emmanuel F. Dooc, SSS President and Chief Executive Officer, revealed...

San Miguel Spearheads Davao Projects

MANILA, Philippines – San Miguel Pure Foods Company, Inc. (PSE:PF) spearheads the approved investments in Davao region for the first 10 months last year with its feed mill worth P2.24 billion. The Board of Investments indicated in its report that it has provided the green light...

Listed Companies Face Stricter Government Standards

MANILA, Philippines – Listed firms in the Philippines must comply with more stringent standards by the government this year, which are geared towards their fluidity to specify the best solution to adopt such regulations. The Code of Corporate Governance for Publicly Listed...

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