Money
Tax reforms seen cleared by midyear
The Finance Department expressed optimism the proposed Comprehensive Tax Reform Program will be passed into law by the middle of...
Ayala earned P26b in 2016
Conglomerate Ayala Corp. registered a net income of P26 billion in 2016, an increase of 17 percent from a year...
Auto firms eye lower tax rate
The local automotive industry asked the government to consider its proposal for a seven-tier tax system that will serve as...
AirAsia’s PH unit registers P3-b loss
The Philippine unit of Southeast Asia’s largest budget carrier said it reduced its net loss last year, on higher passenger...
SMC selling P15-b bonds
Conglomerate San Miguel Corp. plans to raise another P12 billion to P15 billion from the issuance of fixed-rate bonds to...
’16 foreign investments hit $7.9b, topped target
NET inflow of foreign direct investments in 2016 reached $7.9 billion, surpassing the target of $6.7 billion, on investors’ sustained...
ATI’s net profit up 7.8% to to P1.91b
Asian Terminals Inc. said Friday net income in 2016 rose 7.8 percent to P1.91 billion from P1.77 billion in 2015...
Ayala Land to issue P7-b, 10-year bonds
Ayala Land Inc. plans to issue P7 billion in 10-year fixed rate bonds to partially finance the company’s P88-billion capital...
BSP readies circular on money laundering
The Bangko Sentral ng Pilipinas will soon issue a circular that will strengthen regulations on anti-money laundering. Bangko Sentral Deputy...
Megaworld’s P30-b bond program cleared
The Securities and Exchange Commission on Thursday approved the plan of property developer Megaworld Corp. to issue P30 billion worth...
Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.