Business

LOOK: Proposed location of LRT-MRT common station

MANILA (UPDATE) - An agreement to build a common rail station that will connect three major train lines in Quezon City was signed on Wednesday, ending a seven-year deadlock.

13th month pay may be slapped with tax under reform push

MANILA (2nd UPDATE) - A draft of President Rodrigo Duterte's tax reform program that was submitted to Congress seeks the lifting of tax exemption on workers' 13th month pay.

Nickel holds near 7-week high as Philippine crackdown deepens

London nickel futures held near seven-week highs early on Wednesday after the Philippines said 20 more mines may be suspended for environmental violations, threatening supply from the world's top nickel ore exporter.

Stock picks: Ayala Land, SM Investments, Globe, Manila Water

BPI Securities head of research Haj Narvaez recommends property and consumer stocks as he urged investors to “wait and see” how the government’s crackdown on unsafe mining will play out.

Philippine economy slips in global competitiveness ranking

The Philippine economy has become less competitive globally, weighed down by a slow and corrupt bureaucracy and creaking infrastructure, the World Economic Forum said Wednesday.

Paghina ng piso, pabor sa pamilya ng mga OFW

Bahagyang bumawi ang piso kontra dolyar kanina. Nagsara ito sa P48.17 kumpara sa P48.25 kahapon. 

Operasyon ng 20 minahan, pinapasuspindi ng DENR

Bagsak ang kalahati sa 41 minahan sa bansa na sumailalim sa audit ng Department of Environment and Natural Resources. 

Standard Chartered probed in U.S. for Indonesia 'bribes'

Standard Chartered acknowledged Tuesday it was being investigated by the U.S. Department of Justice over claims that an Indonesian subsidiary had paid bribes to secure contracts.

PSEi is Asia's worst performer as foreign funds continue exit

Philippine shares once again underperformed the rest of Asia as foreign funds continued to exit the local stock market.

PH becoming harder to sell to investors, businessmen say

European businessmen in the Philippines want clearer investment guidelines from the government.