By Juzel L. Danganan MANILA, Sept 20 (PNA) — Emerging Power Inc (EPI) is gearing up for the construction of its substation for its 150-megawatt (MW) solar and wind project in Subic,…
Category: Business & Economy
PHL focuses facilitating MSMEs in food processing, agribusiness
By Kris M. Crismundo ILOILO CITY, Iloilo Sept 20 (PNA) — The Philippine government aims to facilitate micro, small, and medium enterprises (MSMEs) in food processing and agribusiness to achieve inclusive growth….
What’s the shape of your cookie?
By Ma. Cristina C. Arayata MANILA, Sept 20 (PNA) — In an industry where there is tight competition, how can one excel and make a difference? While passion plays a very important…
DOE sees decision for B5 by end 2015
MANILA, Sept 20 (PNA) — The Energy department said it sees a decision could be reached by the end of the year for the increased biodiesel blend of 5 percent (B5). “The…
PSE trading participants compliant with required liquid reserves amid market volatility
By Leslie D. Venzon MANILA, Sept. 20 (PNA) — The trading participants (TPs) of the Philippine Stock Exchange (PSE) remain compliant with the minimum required liquid reserves, indicating their strong financial resiliency…
Peso improves anew vs. USD
MANILA, Sept. 17 (PNA) — The Philippine peso sustained its rally against the greenback on Thursday following the release of a report on the slowdown in the United States inflation rate in…
San Miguel welcomes CSP, vows to bid on all offers
By Juzel L. Danganan MANILA, Sept. 17 (PNA) – San Miguel Corp. has welcomed the Competitive Selection Process (CSP), which backs the lowest offer price for electric cooperatives and distribution utilities (DUs)…
Petron’s refinery upgrades reach 98% recovery
By Juzel L. Danganan MANILA, Sept 17 (PNA) – Petron Corp’s upgraded refinery has reached 98 percent of its recovery ahead of their 2016 expectations, said San Miguel Corp (SMC) president and…
Therma South announces fulll operations of one of two energy power units in Davao City Friday
DAVAO CITY, Sept. 17 (PNA) — AboitizPower has declared full commercial operations for the first of two 150-MW unit of its Therma South Energy Project in Davao City starting Friday. The power…
UCPB respects SC decision; clarifies claim on coco levy
By Lilybeth G. Ison MANILA, Sept. 17 (PNA) — The United Coconut Planters Bank (UCPB) has said it respects the Supreme Court (SC) decision junking its petition claiming ownership over a portion…
Xurpas buys 51% equity stake in IT services provider for Php 900 M
By Leslie D. Venzon MANILA, Sept. 16 (PNA) — Listed technology company Xurpas Inc. has closed a deal to acquire a 51-percent equity stake in Yondu Inc., a wholly owned subsidiary of…
Mining, metals prices to recover by 2019, expert says
By Lilybeth G. Ison MANILA, Sept. 16 (PNA) — An international mining and metals market expert said on Wednesday gold, silver, platinum, aluminum, copper, lead, nickle, tin and zinc prices will recover…
AFFI sees sustained growth for franchise industry
MANILA, Sept 16 (PNA) — The Association of Filipino Franchisers Inc, (AFFI) has seen the franchise industry to sustain its growth for the next few years. AFFI Chairman of the Board Armando…
Gov’t financing down to a net of PHP 20B in July ’15
MANILA, Sept. 16 (PNA) — Philippine government borrowings fell in July 2015 as the country continues to strengthen its fiscal position. Bureau of the Treasury (BTr) data show that net financing in…
PAL to kick off Manila-Sydney daily flights next month
By Azer N. Parrocha MANILA, Sept. 16 (PNA) — Flag carrier Philippine Airlines (PAL) on Wednesday announced that it has increased frequencies between Manila and Sydney, Australia by shifting from the current…