Business

Aquino signs sin tax reform into law

President Aquino signs the sin tax reform bill into law, one of the landmark measures of his administration.

BPO building to rise in Bonifacio Global City

MANILA, Philippines - Another building dedicated to companies engaged in business process outsourcing (BPO) will soon rise in Bonifacio Global City, Taguig.

S&P raises outlook on PH

MANILA, Philippines (UPDATE) - Standard & Poor's on Thursday upgraded its outlook on the Philippines' credit rating to positive.

Business as usual for S.Korea's chaebol under Park

SEOUL - A Park will be back in South Korea's presidential mansion come February, and the big businesses, or chaebol, that dominate the country's economy will be breathing a sigh of relief that her left-wing challenger did not win Wednesday's presidential vote.

BSP extends period of addt'l loan limit for PPP-engaged firms

MANILA, Philippines - The Bangko Sentral ng Pilipinas has extended an amendment for banks' single borrower's limit (SBL) as bulk of government's public-private partnership (PPP) projects remain in the pipeline.

PNoy says sin tax law an 'early Christmas gift'

MANILA, Philippines (UPDATE) - President Aquino on Thursday signed the sin tax reform measure into law with legislators including Senate President Enrile looking on

Ayala Land still waiting for Ortigas family's decision

MANILA, Philippines - Will it be the Ayala group or SM group that will get the Ortigas property business?

Globe completes tender offer for Bayan notes

MANILA, Philippines - Ayala-led Globe Telecom, Inc. has successfully completed its tender offer for Bayan Telecommunications, Inc.'s debt papers.

PH not mulling holding period for portfolio flows - BSP

MANILA - The Philippine central bank is not considering imposing a mandatory holding period for foreigners' portfolio investments as a way to control strong capital inflows that have made the peso outperform most Asian currencies this year, the governor told Reuters.

Hyundai recalls 13,500 Veloster cars in US

Hyundai Motor Co. is recalling about 13,500 of its 2012 Veloster models with sunroofs that may shatter while the car is moving, the company and U.S. safety regulators said.