By Joann Santiago MANILA, Sept. 23 (PNA) — An economist of Standard Chartered Bank does not foresee any movement in the Bangko Sentral ng Pilipinas (BSP) key rates before any increase in…
Category: Business & Economy
MPIC acquires 45% of Vietnam toll road firm
MANILA, Sept. 23 (PNA) — Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) on Wednesday announced it has completed a deal to acquire 45 percent of toll road company located in Ho Chi…
Beep cards usable in MRT-3 starting Oct. 3
By Azer N. Parrocha MANILA, Sept. 23 (PNA) — Passengers taking the Metro Rail Transit 3 (MRT-3) will soon be able to use beep cards as the new system is expected to…
PSEi retreats on global uncertainty
By Leslie D. Venzon MANILA, Sept. 23 (PNA) — Local share prices retreated to the 6,900 level on Wednesday, tracking regional markets, as investors worried over external uncertainties. The barometer Philippine Stock…
First Gen inks US$ 200-M loan with BDO Unibank
MANILA, Sept. 23 (PNA) — First Gen Corp. has signed Wednesday a US$ 200-million term loan agreement with BDO Unibank, Inc., for its subsidiaries’ capital requirements. In a disclosure from the Philippine…
Malacanang not worried on ADB’s cut in ’15 PHL growth forecast
By Joann Santiago MANILA, Sept. 22 (PNA) — A Palace official is not disturbed about the decision of the Manila-based Asian Development Bank’s (ADB) to cut its growth forecast for the Philippines…
LTFRB to hear plea for cancellation of Uber’s accreditation on Wednesday
MANILA, Sept. 22 (PNA) — The Land Transportation Franchising and Regulatory Board (LTFRB) is set to hear the petition of a transport group to cancel Uber’s accreditation on Wednesday (Sept 23). “LTFRB…
Peso, PSEi down on Fed rate hike expectations
By Joann Santiago MANILA, Sept. 22 (PNA) — Both the Philippine peso and the Philippine Stock Exchange index (PSEi) inched down Tuesday after some Federal Reserve officials indicated support for a hike…
Fujisan keen on developing projects in SPUG areas
By Juzel L. Danganan MANILA, Sept. 22 (PNA) – Fujisan Solar and Wind Energy Corp., has expressed interested in developing solar and wind projects in Small Power Utilities Group (SPUG) areas, the…
Monte Solar taps Conergy to build 18-MW solar farm in Negros Oriental
By Juzel L. Danganan MANILA, Sept. 22 (PNA) – Monte Solar Energy Inc., a joint venture company between Bronzeoak Philippines and AC Energy Holdings Inc., has hired German-firm Conergy as the contractor…
DOT plans to roll out separate rating system for hostels, pension houses, home-stays
By Azer N. Parrocha MANILA, Sept. 21 (PNA) — There is very little chance for budget accommodations such as hostels, pension houses, home-stays, and the like to receive even one star from…
PHL to hold 2nd ASEAN Fixed Income Summit
MANILA, Sept. 21 (PNA) — Philippines, through the National Home Mortgage Finance Corp. (NHMFC), will host the 2nd ASEAN Fixed Income Summit (AFIS) on Sept. 28 at the Diamond Hotel in Manila….
San Miguel threatens to sue PSALM over Sual’s contracted capacity
By Juzel L. Danganan MANILA, Sept 20 (PNA) — San Miguel Corp (SMC) has threatened to sue the Power Sector Assets and Liabilities Management Corp (PSALM) over the sudden change in the…
Japan still upbeat with PHL’s business environment
By Kris M. Crismundo MANILA, Sept 20 (PNA) — Japanese firms remain optimistic with the business environment in the Philippines, Japan Chamber of Commerce and Industry (JCCI) Executive Director Nobuo Fujii said….
Beep cards now usable in all LRT-1, LRT-2 stations
MANILA, Sept. 20 (PNA) — All stations of the Light Rail Transit Lines 1 and 2 (LRT-1, LRT-2) are now selling beep cards after the LRT-1 completed on Sunday the activation of…