By Azer N. Parrocha MANILA, Aug. 20 (PNA) — The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday awarded ride-sharing service companies GrabCar and Uber partners their provisional authorities (PA) to…
Category: Business & Economy
AUB net interest income up 17%
MANILA, Aug. 19 (PNA) — Bucking the continuous decline in domestic interest rates and the squeeze on loan margins, publicly listed AUB (Asia United Bank) and its subsidiaries posted a net interest…
LTFRB okays Uber as Transport Network Company
By Azer N. Parrocha MANILA, Aug. 19 (PNA) — After filing its accreditation to legally operate as a Transport Network Company (TNC) earlier this week, ride-sharing service Uber on Wednesday immediately got…
Low cane supply pulls down Roxas Holdings’ profit by 28%
By Leslie D. Venzon MANILA, Aug. 19 (PNA) — Listed sugar miller Roxas Holdings, Inc. (RHI) on Wednesday said its profit declined by 28 percent as of third quarter ending June 2015…
8 firms interested in building and operating five regional airports
By Azer N. Parrocha MANILA, Aug 17 (PNA) — Eight firms on Monday submitted pre-qualification documents to the Department of Transportation and Communications (DOTC) for the Development and Operations and Maintenance (O&M)…
PSEi falls for 4th day to 7,300 level
MANILA, Aug. 17 (PNA) — Philippine equities extended their losses to a fourth day on Monday on the absence of new leads as investors unloaded with the first-half earnings season nearing its…
LRWC profit hits PhP 454-M in H1
MANILA, Aug. 17 (PNA) — Leisure & Resorts World Corporation (LRWC) grew its first-semester profit by 50 percent to PhP 454 million on the back mainly of robust growths of online and…
LRTA: Beep cards usable in all LRT-2 stations, all southbound LRT-1 stations
MANILA, Aug. 17 (PNA) — A transport official clarified on Monday that while beep cards are currently available and usable in all Light Rail Transit Line 2 (LRT-2) stations, the cards are…
Oil firms hike kerosene prices by 20 c/ltr and diesel by 35 c/ltr
By Juzel L. Danganan MANILA, Aug. 17 (PNA) – Oil companies will raise prices of kerosene by 20 centavos per liter and diesel by 35 centavos per liter effective Tuesday. In separate…
(News Feature)BuB fuels tofu-making industry in Valenzuela
By Sammy F. Martin MANILA, Aug. 15 (PNA) — The Bottom-up Budgeting (BuB) of the national government drove 26 individuals to fight poverty by making them busy while earning for their livelihood…
(News Feature)IRRI: El Niño puts uncertainty to rice supply in global mart
By Kris M. Crismundo MANILA, Aug. 15 (PNA) — The Philippine-based International Rice Research Institute (IRRI) has discussed the possible effects of El Niño in the rice market in the latter part…
APEC pushes developments in 5 areas through S&T in higher education
By Kris M. Crismundo MANILA, Aug. 15 (PNA) — Member economies of the Asia Pacific Economic Cooperation (APEC) will pursue developments in five key areas through science and technology in higher education….
MRT-3 train car prototype finally arrives
By Azer N. Parrocha MANILA, Aug. 15 (PNA) — The Metro Rail Transit 3 (MRT-3) prototype train car finally arrived Friday after undergoing inspection in Dalian, China last month. Department of Transportation…
PHL to capitalize on APEC partnership on science and technology in higher education
By Kris M. Crismundo MANILA, Aug 14 (PNA) — The Asia Pacific Economic Cooperation (APEC) agreed on Friday to intensify cooperation on science and technology in education and the Philippines should take…
Peso ends week sideways on drop in US’ initial jobless claims, rise in retail sales
MANILA, Aug 14 (PNA) – – Positive economic reports from the US resulted to the general strengthening of the dollar resulting to the sideways close of the Philippine peso on Friday. The…