By Leslie D. Venzon MANILA, Oct. 30 (PNA) — Listed technology solutions provider DFNN Inc. expects gaming revenue to increase three-fold next year as it triples the growth of electronic gaming machines…
Category: Business & Economy
Meralco eyes technical partnerships with DUs next year
By Juzel L. Danganan MANILA, Oct 30 (PNA) – Manila Electric Company (Meralco) chairman Manny Pangilinan said the firm is eyeing technical partnerships with some distribution utilities (DUs) for next year. ”We’re…
8990 Holdings sells PhP1-B receivables for homes to BPI Family Savings Bank
MANILA, Oct. 29 (PNA) — Mass housing developer 8990 Holdings Inc. has signed a deal to sell PhP1-billion receivables for homes to thrift bank arm of the Ayala-led Bank of the Philippine…
Holcim Philippines’ Q3 profit doubles to PhP1.53-B
MANILA, Oct. 29 (PNA) — Cement manufacturer Holcim Philippines Inc. earned PhP1.53 billion in the third quarter, doubling its previous year’s PhP721.96 million, as sales surged amid heavy cement demand from sustained…
PSEi down after Fed hints at possible interest rate hike
MANILA, Oct. 29 (PNA) — Local share prices extended slump on Thursday after the Federal Reserve signaled it may raise interest rates as early as December. The barometer Philippine Stock Exchange index…
Phl coffee industry leaders see a flourishing specialty coffee market
By Digna D. Banzon DAVAO CITY, Oct 29 (PNA) — Leaders of the coffee industry are campaigning for farmers to produce more beans for the flourishing specialty coffee business. Philippine Coffee Board,…
SM’s Sy: Malls will thrive despite challenges posed by social media
MANILA, Oct. 28 (PNA) — Malls, which belong to the so-called “brick-and-mortar” businesses, will continue to “click” despite the evolving retail landscape which is enabled by the explosion of digital formats. Addressing…
UKTI backs PROINSO’s entry to PHL mart
By Ma. Cristina C. Arayata MANILA, Oct 28 (PNA) — The UK Trade and Investment (UKTI) in Manila, on Wednesday, expressed its support to PROINSO’s entry to the Philippine market. PROINSO, a…
Philex Petroleum losses down to Php 118.1 M in Q3
MANILA, Oct. 28 (PNA) — Philex Petroleum Corp. incurred a consolidated net loss of Php 118.1 million for the nine-month period ending Sept. 30, 2015, compared to a net loss of Php…
Semirara Giant Clam Hatchery wins in ASEAN Energy Awards
By Juzel L. Danganan MANILA, Oct 28 (PNA) — Semirara Mining and Power Corporation (SMPC) clinched the first runners-up award in the Corporate Social Responsibility (CSR) category of the 2015 ASEAN Energy…
United Holdings to bid out EPC for 8.4-MW hydro power project by November
By Juzel L. Danganan MANILA, Oct 28 (PNA) – United Holdings Power Corp. (UHPC) will bid out the engineering, procurement and construction (EPC) contract for its 8.4-megawatt (MW) Upper Maladugao hydro power…
PSEi snaps 6-day climb
By Leslie D. Venzon MANILA, Oct. 28 (PNA) — Philippine equities snapped out a six-day gain on Wednesday as investors pocketed gains after companies reported mixed earnings and as they awaited the…
Imports grow by 4.1% in August 2015; Holiday and onset of election season expected to boost imports further
MANILA, Oct 27 (PNA) — Philippine merchandise imports increased by 4.1 percent in August 2015 on the back of higher payments for raw materials, intermediate goods, and consumer goods, according to the…
U-Hop still hopeful its TNC application will be granted
By Azer N. Parrocha MANILA, Oct 27 (PNA) — Filipino-developed app-based shuttle service U-Hop on Tuesday expressed hope that its application as a Transport Network Company or TNC will eventually be granted…
Gov’t debts down to 36.2% of GDP as of June 2015
MANILA, Oct 27 (PNA) — As of June 2015, the General Government (GG) debt stood at Php 4.7 trillion, a 4.1 percent increase from the Php 4.5 trillion recorded as of the…