TODAY'S BUSINESS HEADLINES

COCKTALES | PNoy's comms team morphs into 'crisis' PR firm Wed, Feb 22, 2017, 2:56 PM | Victor Agustin

Global arms sales reach highest level since end of Cold War: study Tue, Feb 21, 2017, 1:48 AM | Philippines News Agency | Xinhua

URC, Vitasoy Group in joint venture Sat, Feb 18, 2017, 9:52 AM | InterAksyon.com

WATCH | Lopez rushing moves against miners because she 'doubts CA will confirm' her Wed, Feb 15, 2017, 11:12 PM | Shyla Francisco, News5 | InterAksyon.com

WALL BRAWL | Defiant Mexico warns of retaliation vs US border tax 9:35 am | Frank Jack Daniel, Reuters An emboldened Mexico hardened its opposition to President Donald Trump on Friday by saying it would retaliate if the United States imposed a border tax and that it can afford to lose financial aid that might be pulled to pay for a border wall.

Philippine Stock Exchange nets P701 million in 2016 Philippine Stock Exchange nets P701 million in 2016 9:17 pm | Leslie D. Venzon, Philippines News Agency The Philippine Stock Exchange Inc. (PSE) on Friday said its profit surged by 3 percent to P701.54 million in 2016 on the back of higher…

Peso ends week flat at P50.21 as PSEi succumbs to profit-taking Peso ends week flat at P50.21 as PSEi succumbs to profit-taking 8:05 pm | Joann Santiago, Philippines News Agency The Philippine peso finished the week flat at P50.21 from P50.22 Thursday, partly due to the dollar's retreat following US President Donald Trump's comment that…

COCKTALES | Manny Villar finds a money machine in the business of death COCKTALES | Manny Villar finds a money machine in the business of death 12:20 pm | Victor C. Agustin The business of death is proving to be a steady if unglamorous money machine for former Senate President Manuel Villar Jr.

Oil futures rise after report shows drop in stockpiles Oil futures rise after report shows drop in stockpiles 8:44 pm | Reuters Oil futures climbed nearly 1 percent after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global…

PSEi up anew; peso little changed amid dovish Fed outlook PSEi up anew; peso little changed amid dovish Fed outlook 7:09 pm | Philippines News Agency Investors’ sentiment was up Thursday, boosting the local equities market after the minutes of the Federal Open Market Committee (FOMC) meeting last January 31 to…

Matching session touts opportunities for both Japan, PH businesses Matching session touts opportunities for both Japan, PH businesses 2:56 pm | Beverly Natividad, Bloomberg TV Philippines New business opportunities were highlighted during a networking session organized by Security Bank and Japan's Mitsubishi UFJ Financial Group.

Chinese commerce minister abruptly postpones PH trip: sources 2:15 pm | Manuel Mogato, Reuters Chinese commerce minister abruptly postpones PH trip: sourcesChina's commerce minister decided at the last minute to postpone an official trip to the Philippines on Thursday to sign about 40 joint projects worth billions of dollars, sources at the Philippines trade and finance ministries said.

Upbeat Wall Street boost PSEi; peso little changed vs US dollar 8:32 pm | Philippines News Agency Upbeat Wall Street boost PSEi; peso little changed vs US dollarConsolidation was up Wednesday resulting to the sideways close of the Philippine peso to a US dollar while the Philippine Stock Exchange index (PSEi) tracked improvements in Wall Street.

Trade, investment growth boost EU-ASEAN ties to historic high - EU ambassador 5:11 pm | InterAksyon.com Trade, investment growth boost EU-ASEAN ties to historic high - EU ambassadorTrade and investment opportunities between the European Union and the Association of Southeast Asian Nations, two major blocs which mark the 40th year of relations in 2017, are robust and hold much promise, according to EU Ambassador Franz Jessen.

COCKTALES | PNoy's comms team morphs into 'crisis' PR firm 2:56 pm | Victor Agustin COCKTALES | PNoy\Aquino administration spokespersons Edwin Lacierda, Abigail Valte, and Manuel Quezon III have formed the DDI-TBM Consultancy Corp. doing business as DDI Strategic Communications, pitching their Malacanang experience and their political and media connections to their target clients.

PSEi sustains rise, PHP weakens due to uncertainty in global financial markets 8:26 pm | Joann Santiago, Philippines News Agency PSEi sustains rise, PHP weakens due to uncertainty in global financial marketsThe local equities market registered mixed performance Tuesday but the Philippine peso continues to be injured by the sustained strength of the US dollar.

Landbank's 2016 net income up 2% 7:59 pm | Joann S. Villanueva, Philippines News Agency Landbank\Double digit increases in assets and deposits slightly pushed Land Bank of the Philippines' (Landbank) net income by 2 percent last year.

With half of metallic mines in Caraga, DOF sees DENR crackdown cutting deeply 3:48 pm | Shyla Francisco, Bloomberg TV Philippines With half of metallic mines in Caraga, DOF sees DENR crackdown cutting deeplyOver half the country's metallic mines are found in the Caraga region. The Finance department says three towns will be most affected as mining accounts for 50 present of their revenues.

Global arms sales reach highest level since end of Cold War: study 1:48 am | Philippines News Agency | Xinhua Global arms sales reach highest level since end of Cold War: studyGlobal arms trade in the last five years has reached its highest point since the end of the Cold War, with the United States remaining the world's largest weapons exporter, a study said on Monday.

DENR Chief Lopez stands by call to shut mines as review begins 12:35 am | Manolo Serapio Jr., Reuters DENR Chief Lopez stands by call to shut mines as review beginsDepartment of Environment and Natural Resources (DENR) Secretary Regina Lopez said on Monday she stands by her decision to shut more than half the country's operating mines and bar mining in watershed zones as an inter-agency panel began a review of her actions.

Oil firms to hike prices of gasoline, kerosene on Tuesday 7:27 pm | InterAksyon.com Oil firms to hike prices of gasoline, kerosene on TuesdayOil companies will increase gasoline prices by P0.25 per liter and kerosene prices by P0.15 per liter effective on Tuesday (Feb. 21).

Jack Ma's Ant Financial invests in Globe Telecom's Mynt 4:29 pm | Jose Bimbo F. Santos, InterAksyon Jack Ma\Jack Ma's Ant Financial Services has invested an undisclosed amount in Globe Telecom's Mynt in exchange for a minority interest.

Kraft withdraws $143-B offer to merge with Unilever 9:13 am | Carl O\'Donnell, Reuters Kraft withdraws $143-B offer to merge with UnileverUS food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about whether Kraft could turn its focus to another target.

BSP chief conferred Oustanding Achievement Award by HK's FinanceAsia 5:40 am | InterAksyon.com BSP chief conferred Oustanding Achievement Award by HK\Central bank Governor Amando M. Tetangco, Jr. was conferred the 2016 Outstanding Achievement Award by Hong-Kong-based publication FinanceAsia for his contributions to Philippine economic development and the improvement of central banking standards in the region.

With copper exports halted by new mining rules row, Freeport Indonesia CEO quits 9:29 am | Reuters With copper exports halted by new mining rules row, Freeport Indonesia CEO quitsChappy Hakim, chief executive of miner Freeport-McMoran Inc's Indonesian unit, has resigned, the company said on Saturday, after the parent firm declared force majeure on copper concentrate shipments from its Grasberg mine in Papua.

LRT Line 2 Extension won't be completed till 2019 10:05 am | Gerard dela Peña, Bloomberg TV Philippines LRT Line 2 Extension won\It looks like it will take until 2019 before commuters can use the LRT Line 2 extension instead of later this year as originally targeted. The reason for the delay: contracts that were split, allegedly to favor small-scale bidders.

URC, Vitasoy Group in joint venture 9:52 am | InterAksyon.com URC, Vitasoy Group in joint ventureUniversal Robina Corp (URC) in the Philippines and Hong Kong's Vitasoy Group have established a joint venture anchored on the Philippines' long-term growth prospects as a market for high-quality, nutritious and sustainable food and beverage products.