By Filane Mikee Z. Cervantes MANILA, Sept. 28 (PNA) — Top universities and major Information Technology-Business Process Management (IT-BPM) industries have formalized their common intent to formulate key policy reforms to develop…
Category: Business & Economy
PSEi down 1.47% on concerns about US interest rate
MANILA, Sept. 28 (PNA) — Local share prices retreated for fifth day to 6,800-level on Monday after Federal Reserve chair Janet Yellen signaled a hike in United States interest rates will be…
PDEx may miss Php200-B bond listings target amid global market volatility
By Leslie D. Venzon MANILA, Sept. 28 (PNA) — The Philippine Dealing and Exchange Corp. (PDEx) expects to fall short of its Php200-billion worth of corporate bond listings target this year in…
PNOC seeks approval of alternate routes for Bat-Man natural gas pipeline
By Juzel L. Danganan MANILA, Sept. 28 (PNA) – The Philippine National Oil Company (PNOC) is seeking the approval for other potential routes of the Bat-Man natural gas pipeline. ”They will present…
DOE OKs grid impact study of 400-MW San Miguel unit project
By Juzel L. Danganan MANILA, Sept. 28 (PNA) – The Department of Energy (DOE) has issued the clearance for Strategic Power Development Corp. (SPDC) to undertake a grid impact study (GIS) for…
PSALM weighing decision on bidding for capacity of 210-MW SPI
By Juzel L. Danganan MANILA, Sept 27 (PNA) – The Power Sector Assets and Liabilities Management (PSALM) is still weighing its decision on the deferment for the bidding of the 210-MW capacity…
First Gas Power to bid out EPC for LNG terminal next year
By Juzel L. Danganan MANILA, Sept 27 (PNA) — First Gas Power Corp., a subsidiary of First Gen Corp., will bid out the engineering, procurement and construction (EPC) contract for its Liquefied…
Global Business Power gearing up 40-MW biomass project with Roxas Holdings
By Juzel L. Danganan MANILA, Sept 27 (PNA) – Global Business Power Corp. (GBPC) and Roxas Holdings Inc. are gearing up for the construction of its 40-megawatt (MW) biomass project located in…
Fitch Ratings cites need for real estate price index for PHL
By Joann Santiago MANILA, Sept. 25 (PNA) — Lack of data on property prices and affordability indicators hinders Fitch Ratings to properly assess credit growth on real estate but cited that central…
SEC approves DMCI’s Php1-B home saver bonds
By Leslie D. Venzon MANILA, Sept. 25 (PNA) — The Securities and Exchange Commission (SEC) has approved the plan of DMCI Holdings Inc. (DMC) to issue up to Php1 billion worth of…
Fitch changes outlook on PHL to ‘positive’
By Joann Santiago MANILA, Sept. 24 (PNA) — Fitch Ratings on Thursday gave the Philippines’ credit rating a “positive” outlook, an improvement from “stable”, on back of the economy’s proven resiliency against…
BSP adjusts inflation projections for ’15, ’16
MANILA, Sept. 24 (PNA) — Monetary officials on Thursday cut anew their average inflation forecast for the Philippines for 2015-16 given the continued drop of oil prices, which is affecting prices of…
PHL economy will remain top performer in Southeast Asia in 2015 –report
By Leslie D. Venzon MANILA, Sept. 24 (PNA) — Expanding government spending and slightly higher exports will enable the Philippine economy to expand at 6.2 percent in 2015 and remain as a…
100-MW Avion natural gas power plant to come online by year end
By Juzel L. Danganan MANILA, Sept. 24 (PNA) — The 100-megawatt (MW) Avion natural gas power plant in Batangas, owned by power generation firm First Gen, which is supposed to be the…
DBCC to review GDP growth, exports targets
By Leslie D. Venzon MANILA, Sept. 23 (PNA) — The inter-agency Development Budget Coordination Committee (DBCC) will meet this month to review the country’s economic growth and export targets this year in…