By Juzel L. Danganan MANILA, Sept. 16 (PNA) – Local IT solutions firm WIT (We are IT) Philippines, Inc., and Japanese solar developer Eguchi Holdings Co. Ltd. have signed a joint venture…
Category: Business & Economy
Aboitiz, Irish partner CRH buy Lafarge assets
By Leslie D. Venzon MANILA, Sept. 15 (PNA) — Listed holding firm Aboitiz Equity Ventures Inc. (AEV) and Irish building materials group CRH plc on Tuesday closed a deal to acquire Philippine…
Mining investments fall short by 76% in ’14
By Lilybeth G. Ison MANILA, Sept. 15 (PNA) — A total of USD 693 million or 76 percent short of the original projection of USD 3 billion mining investments in the Philippines…
EDC taps Hyundai and Galing Power for 31-MW Bac-Man 3 construction
MANILA, Sept 12 (PNA) — Energy Development Corp. (EDC) has tapped Hyundai Engineering Co., Ltd. and Galing Power & Energy Construction Co. Inc., for the engineering, procurement and construction (EPC) of its…
DOTC allots Php29.9B for transport projects in 2016
By Azer N. Parrocha MANILA, Sept. 15 (PNA) — The Department of Transportation and Communications (DOTC) said on Tuesday that it will set aside a total of Php 29.9 billion for various…
SMC threatens to sue PSALM for alleged contract breach
By Juzel L. Danganan MANILA, Sept 15 (PNA) – Food and beverage conglomerate San Miguel Corp.(SMC) threatens to sue the state-owned Power Sector Assets and Liabilities Management Corp. (PSALM) for alleged breach…
Alliance Global Group sets Php200-B capex until 2018
By Leslie D. Venzon MANILA, Sept. 15 (PNA) — Andrew Tan-led conglomerate Alliance Global Group Inc. (AGI) is earmarking over Php200 billion for capital expenditure (capex) over the next three years until…
Shell, Eastern Petroleum to hike gas prices by 10 c/ltr
By Juzel L. Danganan MANILA, Sept 14 (PNA) – Pilipinas Shell Petroleum Corp. and Eastern Petroleum said they will hike their gasoline prices by 10 centavos per liter on Tuesday. Shell will…
MPIC-Ayala takes over LRT-1 operations, maintenance
By Azer N. Parrocha MANILA, Sept 14 (PNA) — The Light Rail Manila Consortium (LRMC), led by Metro Pacific Investments Corp. (MPIC) and Ayala Corporation, took over the operations and maintenance of…
PHL stocks breach 7,000 level
By Leslie D. Venzon MANILA, Sept.14 (PNA) — Share prices breached the 7,000-level anew on Monday, as investors continued buying into the market amid expectations the United States Federal Reserve may maintain…
Higher GDP growth feasible through public spending
By Filane Mikee Cervantes MANILA, Sept. 12 (PNA) — Despite the less than stellar economic performance of the ‘rising star’ economy in the first half of 2015, the Philippines still has a…
Solar Philippines, Pioneer offer insurance for solar rooftops
By Juzel L. Danganan MANILA, Sept. 11 (PNA) — Solar-developer Solar Philippines and insurance-firm Pioneer is now offering “Solar Protect”, an insurance policy for solar rooftops. ”Solar Protect allows households with solar…
Therma South to start commercial operations next week
By Juzel L. Danganan MANILA, Sept 11 (PNA) – Mindanao-based Therma South Inc., is scheduled to start commercial operations next week with its first 150-megawatt (MW) unit, said Aboitiz Power Corp. president…
IPPA contract termination with SPPC for Ilijan to prevent government losses – PSALM
By Juzel L. Danganan MANILA, Sept 11 (PNA) – The Power Sector Assets and Liabilities Management (PSALM) stressed the decision to terminate the Independent Power Producer Administrator (IPPA) contract of South Premiere…
Cebu Pacific adds 3 new int’l routes starting Dec 17
By Azer N. Parrocha MANILA, Sept. 10 (PNA) — Low-cost carrier Cebu Pacific on Thursday announced that it will add three new international routes starting Dec 17. The airline company is set…