TODAY'S BUSINESS HEADLINES

WATCH | Construction of LRT-MRT common station starts Dec. 2017 Wed, Jan 18, 2017, 7:11 PM | Aerol B. Patena, Philippines News Agency | Gerard dela Peña, News5

CONSUMER POWER OUTLOOK | Record low rates in January, spike in March Fri, Jan 13, 2017, 2:38 PM | Gerard de la Peña, Bloomberg TV Philippines | Ernie Reyes, InterAksyon.com

Real estate industry to sustain growth this year - Santos Knight Frank Wed, Jan 18, 2017, 4:22 PM | Jose Bimbo F. Santos, InterAksyon.com

PSEi ends five-day slide, peso remains intact Wed, Jan 18, 2017, 8:12 PM | Joann S. Villanueva, Philippines News Agency

Makati extends deadline of tax payments, filing of applications for renewal of permits 11:51 am | InterAksyon.com The Makati City Council has passed an ordinance extending the deadline of payment of taxes and fees without penalties or surcharges up to January 31, 2017.

PSEi ends five-day slide, peso remains intact PSEi ends five-day slide, peso remains intact 8:12 pm | Joann S. Villanueva, Philippines News Agency US President-elect Donald Trump’s comment that the greenback is “too strong” ended the Philippine Stock Exchange index’s (PSEI) five straight days of decline, as the…

WATCH | Construction of LRT-MRT common station starts Dec. 2017 WATCH | Construction of LRT-MRT common station starts Dec. 2017 7:11 pm | Aerol B. Patena, Philippines News Agency | Gerard dela Peña, News5 After being stalled for several years, the construction of a common station that will connect the Light Rail Transit (LRT) and the Metro Rail Transit…

Real estate industry to sustain growth this year - Santos Knight Frank Real estate industry to sustain growth this year - Santos Knight Frank 4:22 pm | Jose Bimbo F. Santos, InterAksyon.com The real estate industry is seen to sustain its growth this year, largely backstopped by the continued expansion in the outsourcing sector according to newly…

NTC, DILG agree to draft policies to expedite issuance of LGU permits for cell sites NTC, DILG agree to draft policies to expedite issuance of LGU permits for cell sites 2:22 pm | Aerol B. Patena, Philippines News Agency The National Telecommunications Commission (NTC) and the Department of Interior and Local Government (DILG) have agreed to draft policies that would streamline local government units…

WATCH | Small traders feeling the crunch after ‘5-6’ lending scheme stopped WATCH | Small traders feeling the crunch after ‘5-6’ lending scheme stopped 11:04 pm | Dale de Vera, News5 Some businessmen engaged in micro, small and medium enterprises (MSMEs) are feeling the crunch after the Indian nationals, whom they rely for readily available credit…

Peso, PSEi weaken ahead of UK PM’s speech on Brexit Peso, PSEi weaken ahead of UK PM’s speech on Brexit 10:39 pm | Philippines News Agency Risk-off sentiment increased further Tuesday ahead of the Brexit speech of Britain Prime Minister Theresa May resulting to the fifth straight day of loss for…

SC tells DOE, ERC to comment on petition limiting retail power suppliers to 23 3:32 pm | JV Arcena, News5 SC tells DOE, ERC to comment on petition limiting retail power suppliers to 23The Supreme Court has directed the DOE and ERC to comment on the petition for certiorari and TRO filed against the Retail Competition and Open Access (RCOA) policy, which petitioners said violates the power consumers' constitutional right to freedom of choice.

PHL enjoys strong confidence of China, Japan through large investment, aid pledges 10:05 pm | Joann Santiago, Philippines News Agency PHL enjoys strong confidence of China, Japan through large investment, aid pledgesFinance Secretary Carlos Dominguez III on Monday said the Philippines’ growth path got a further boost following huge investments and aid pledges by economic leaders China and Japan.

Oil firms to cut pump prices Tuesday 6:26 pm | Philippines News Agency Oil firms to cut pump prices TuesdayOil firms will roll back pump prices on Tuesday, following international market trends.

House okays grant of new 25-year franchise to Smart 6:08 pm | Lira Dalangin-Fernandez, InterAksyon.com House okays grant of new 25-year franchise to SmartThe House of Representatives has approved on third and final reading House Bill No. 4637 giving Smart Communications, Inc. a fresh 25 years in its franchise.

S. Korea prosecutors seek arrest of Samsung heir 5:30 pm | S. Korea prosecutors seek arrest of Samsung heirSouth Korean prosecutors on Monday sought the arrest of the heir to the Samsung empire over a scandal that has seen the country's president impeached, in the latest setback for the giant conglomerate.

Congress would rather focus on tax collection inefficiency than back new taxes 2:50 pm | Lira Dalangin-Fernandez, InterAksyon.com Congress would rather focus on tax collection inefficiency than back new taxesNot in a hurry to pass new tax measures, the House of Representatives will instead train its sights on tax collection efficiency of concerned agencies amid reports of low collection rate, Speaker Pantaleon Alvarez said.

COCKTALES | New Pacifica owners distance selves from Yuchengco, Romero 12:29 pm | Victor C. Agustin COCKTALES | New Pacifica owners distance selves from Yuchengco, RomeroThe new majority owners of the shell company Pacifica, the Yu/Dato group, clarifies that they are neither lawyers of, or partners of, Congressman Mikee Romero.

South Korea prosecutors to decide Monday on Samsung heir arrest 12:01 am | Agence France-Presse South Korea prosecutors to decide Monday on Samsung heir arrestSouth Korean prosecutors investigating a major influence-peddling scandal involving impeached President Park Geun-Hye said they would decide Monday whether to arrest the heir to the giant Samsung group over alleged bribery.

PH to put forward MSME initiatives in ASEAN 2017 9:26 pm | Philippines News Agency PH to put forward MSME initiatives in ASEAN 2017The Philippines will be putting forward initiatives to strengthen the capacity of micro, small, and medium enterprises (MSMEs) during the 2017 ASEAN Summit.

Duterte secures highest ODA levels at P1 trillion in short period - DOF 2:44 pm | Philippines News Agency Duterte secures highest ODA levels at P1 trillion in short period - DOFPresident Rodrigo Duterte has raised the highest amount of Official Development Assistance (ODA) for the Philippines at close to P1 trillion in only seven months of his administration, according to the Department of Finance.

Nasdaq hits record; bank earnings validate Wall St. rally 4:58 pm | Reuters Nasdaq hits record; bank earnings validate Wall St. rallyWall Street has surged since President-elect Donald Trump's unexpected election victory on optimism he will cut corporate taxes, spend on infrastructure and deregulate banks.

FOCUS | China’s Xi meets Davos elite as voters revolt 12:00 pm | Jitendra Joshi, Agence France-Presse FOCUS | China’s Xi meets Davos elite as voters revoltXi Jinping will become the first Chinese president to attend the forum when he gives a keynote speech on Tuesday that is expected to extol Beijing's efforts to negotiate new types of regional trade deals shorn of US influence.

Canada's oil sands must be phased out - Trudeau 10:40 am | Agence France-Presse Canada\Canada must 'phase out' Alberta's oil sands and end the country's dependence on hydrocarbons, Prime Minister Justin Trudeau said on Friday.

Over 100 cruise calls scheduled to dock in PHL this year – DOT 11:24 pm | Philippines News Agency Over 100 cruise calls scheduled to dock in PHL this year – DOTA total of 117 cruise calls with an estimated 86,000 passengers are scheduled to dock in the Philippines this year, the Department of Tourism (DOT) revealed on Friday.

China posts worst export fall since 2009 as fears of US trade war loom 10:31 pm | Elias Gleen and Sue-lin Wong, Reuters China posts worst export fall since 2009 as fears of US trade war loomChina's massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017.

PSEi, PHP end the week down on markets' concerns 7:49 pm | Philippines News Agency PSEi, PHP end the week down on markets\Net foreign selling in the Philippines’ equities market resulted in its third straight loss for the year on Friday and the peso’s weakness against the US dollar.