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Category: Business & Economy

LRTA to announce pre-selling of LRT-1 ‘beep cards’ next week

Posted on August 8, 2015

By Azer N. Parrocha MANILA, Aug. 8 (PNA) — The Light Rail Transit Authority (LRTA) will likely announce next week the date for pre-selling of beep cards for the Light Rail Transit…

PAL Holdings revenue up by 14% to Php 55.94-B

Posted on August 7, 2015

By Azer N. Parrocha MANILA, Aug 7 (PNA) –PAL Holdings Inc., Philippine Airlines’ parent company, on Friday posted a 14 percent increase in profit to Php 55.94 billion for the first half…

LRT-1 to pilot ‘beep cards’ starting this weekend

Posted on August 7, 2015

By Azer N. Parrocha MANILA, Aug 7 (PNA) — Out with the old, in with the new—Light Rail Transit Line 1 (LRT-1) stations will also start implementing the new beep card ticketing…

NEDA sees ASEAN integration to boost PHL manufacturing industry

Posted on August 7, 2015

By Leslie D. Venzon MANILA, Aug. 7 (PNA) — The government will continue implementing business-friendly governance and policy reforms to attract and sustain investments, even as the country faces the transition to…

Strong sales lifts Universal Robina’s profit by 11.8%

Posted on August 7, 2015

MANILA, Aug. 7 (PNA) — Listed food and beverage firm Universal Robina Corp. (URC) booked an 11.8-percent hike in profit for the first nine months of 2015 fiscal year on the back…

San Miguel Pure Foods’ profit up 5% to Php1.8 B in H1

Posted on August 6, 2015

By Leslie D. Venzon MANILA, Aug. 6 (PNA) — Net income of San Miguel Pure Foods Company Inc. rose to Php 1.8 billion in the first half of this year, up five…

Meralco to cut power bills by 26 c/kWh this month

Posted on August 6, 2015

By Juzel L. Danganan MANILA, Aug. 6 (PNA) – Power bills will go down by 26 centavos per kilowatthour (kWh) for residential customers, the Manila Electric Company (Meralco) said Thursday. ”Meralco announced…

PSEi snaps 6-day climb, succumbs to profit-taking

Posted on August 6, 2015

By Leslie D. Venzon MANILA, Aug. 6 (PNA) — Philippine equities snapped a six-day advance Thursday on profit-taking and fears of a possible United States (US) interest rate hike. The barometer Philippine…

MPIC scraps investment dealt with GGI Energy

Posted on August 6, 2015

By Juzel L. Danganan MANILA, August 6 (PNA) — Metro Pacific Investments Corp. said it has terminated its investment agreement with GGI Energy Pte. Ltd due to the lack of compliance on…

PetroSolar taps Conergy to build 50-MW solar-powered plant in Tarlac

Posted on August 5, 2015

By Juzel L. Danganan MANILA, August 5 (PNA) – German-firm Conergy on Wednesday said it will build the 50-megawatt (MW) Tarlac Solar Power Project (TSPP) for PetroSolar Corp., a subsidiary of PetroGreen…

Peso sheds vs. USD on Fed exec comments

Posted on August 5, 2015

By Joann Santiago MANILA, Aug 5 (PNA) — A statement by Federal Reserve Bank of Atlanta President Dennis Lockhart about a possible hike in Fed rates in September ended the Philippine peso’s…

Max’s Group to put up 10 Yellow Cab Pizza stores in UAE

Posted on August 4, 2015

MANILA, Aug. 4 (PNA) — Listed casual dining firm Max’s Group, Inc. (MGI) will build 10 Yellow Cab Pizza stores in the United Arab Emirates (UAE) within the next five years as…

Holcim buys Lafarge assets for Php3-B

Posted on August 4, 2015

MANILA, Aug. 4 (PNA) — Holcim Philippines Inc. will acquire Philippine assets of Lafarge for Php3.09 billion in line with the global merger of their parent firms. In a disclosure to the…

Globe Telecom’s net income rises to Php 8.7B

Posted on August 4, 2015

By Azer N. Parrocha MANILA, Aug 4 (PNA) — Telco giant Globe Telecom on Tuesday said its net income reached Php 8.7 billion in the first half of this year, up by…

MLM defends industry (News Feature)

Posted on August 3, 2015

By Kris M. Crismundo MANILA, Aug 3 (PNA) — With the recent news on networking scams, a multi-level marketing (MLM) company defends the industry. Forever Rich Philippines, Inc., Chief Executive Officer Susan…

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