Ayala Corp. gets 43.3 percent stake in online fashion platform
February 23, 2017
Ayala Corp. signed a deal recently to get 43.3 percent ownership in BF Jade E-Service Philippines, which owns and operates Zalora Philippines, the country’s biggest online fashion platform. In a disclosure to the Philippine Stock Exchange on Thursday, Ayala Land
5 MICC teams to conduct fact-finding, science-based review of DENR orders
February 23, 2017
The multi-stakeholder Technical Working Group of the Mining Industry Coordinating Council (MICC) is forming five technical groups that will conduct an “objective, fact-finding, science-based” review of the orders by the Department of Environment and Natural Resources (DENR) on closure or
Peso gains slightly but still at 10-year lows
February 22, 2017
The peso gained on Wednesday but remained at 10-year lows as it closed at P50.23 against the US dollar. On Tuesday, the peso closed at P50.25 after falling to an intraday 10-year low of P50.33. The peso went past the
Philippine, Israel officials explore expansion of agri cooperation, investments in BPO
February 22, 2017
Israel has expressed its continuing support to develop the Philippines’ farm sector by proposing to expand its exchange program for Filipino agricultural students who want to learn from Tel Aviv’s expertise and advanced technologies in agriculture, a statement from the
NEDA Board approves Philippine Development Plan 2017-2022
February 21, 2017
The National Economic and Development Authority (NEDA) Board officially approved the Philippine Development Plan 2017-2022 on Monday. The Philippine Development Plan (PDP) 2017-2022 is the first medium-term plan to be anchored on a national long-term vision. The PDP also takes
(UPDATE) Peso hits new 11-year low of P50.25 against US dollar
February 21, 2017
The peso closed at a new 11-year-low of P 50.25 against the US dollar even as the central bank said it will be ready to act when foreign currency movements are “disruptive or excessive.” The peso closed at P50.23 against
Local gov’t treasurers see P821m losses from closure, suspension of mining projects
February 20, 2017
An order of the Department of Environment and Natural Resources (DENR) to shut down or suspend the operations of 28 mine sites across the country will cost 17 affected cities and municipalities in 10 provinces over P821 million annually in
(UPDATE) Peso falls to new 11-year low
February 20, 2017
The Philippine peso closed at a new 11-year low of P50.23 against the US dollar in heavy volume on Monday at the Philippine Dealing System. Volume jumped to $723 million from $532 million as the currency finished at its lowest
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