Business

Harbour Centre’s P2-B land sale in peril

MANILA -- The Harbour Centre Port Terminal Inc. (HCPTI) is considering the possibility of rescinding the PHP2-billion sale of its land property to Port Capital SEA. The One Source Port Services Inc. of...

HSBC ups GDP forecast for next year

MANILA - - Banking giant HSBC revised upwards its growth forecast for the country's Gross Domestic Product (GDP) for 2017 and 2018 given the sustained improvement of the domestic economy. HSBC, in...

2 Chinese firms keen on power, infra projects in PH

MANILA -- Two major Chinese companies have expressed keen interest to partner with the construction arm of the Aboitiz Group to build power and infrastructure projects in the Philippines. Shandong Electric Power...

Tax reform package to help workers, spur growth: Dominguez

MANILA -- All working Filipinos will benefit from the approval of the first tax reform package and its recent ratification, Finance Secretary Carlos Dominguez III said it is an achievement since the...

Udenna to build P302-B central business district in Clark

MANILA -- Udenna Corporation, the holding company of businessman Dennis Uy, will invest USD6 billion (roughly PHP302.6 billion) in the next 10 years to develop a 179.5-hectare property within the Clark...

Peso stays firm vs. USD; PSEi slips after 2-day rally

MANILA - - The Philippine peso ended the week little changed against the US dollar but the main equities index ended its rally due to profit-taking. The local currency finished Friday at...
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