By Leslie D. Venzon MANILA, July 29 (PNA) — Philippine equities finished almost unchanged Wednesday after two days of losses in the absence of fresh leads. The barometer index gained slightly 3.80…
Category: Business & Economy
Vista Land says work ongoing for phase one of Vista City project’s Ecohub
MANILA, July 29 (PNA) — Vista Land & Lifescapes Inc. on Wednesday it has made progress in implementing the first phase of its Php50-billion Vista City project’s Ecohub situated in southern Mega…
PhilJets expands services, aircrafts
MANILA, July 29 (PNA) — Local aerospace industry player Philjets Group has expanded its services after acquiring an Aircraft Maintenance Organization (AMO) license and adding a new aircraft — a Robinson R44…
Young trader sees entry of Ayala Group in Legazpi mall business as both boon, bane
LEGAZPI CITY, July 29 (PNA) — A young businessman here welcomes the construction of a Php1.6-billion commercial complex at the heart of the city with mixed feelings of optimism and pessimism. A…
Peso still in 5-yr low vs. dollar
By Joann Santiago MANILA, July 28 (PNA) — The Philippine peso ended Tuesday sideways against the greenback a day after closing at its five-year low on back of investors’ anticipation on the…
Ayala Land’s new Php11.5-B luxury residence in BGC enjoys brisk sales
By Leslie D. Venzon MANILA, July 28 (PNA) — Ayala Land Premier (ALP), the luxury real estate unit of Ayala Land Inc., is reporting robust sales of its newly-launched Php11.5-billion luxury residences…
DOTC wants MRT-3 owner to drop raps vs. addition of 48 train cars
By Azer N. Parrocha MANILA, July 28 (PNA) — Taking its cue from Pres. Benigno S. Aquino III’s last State of the Nation Address (SONA) on Monday, the Department of Transportation and…
Cebu Capitol posts PHP1.421-B revenue in first half of 2015
CEBU CITY, July 28 (PNA) — The Cebu provincial government posted a total revenue collection of PHP1.421 billion for the first half of this year, an official said. Acting Cebu Provincial Treasurer…
PHL stocks slip below 7,500
MANILA, July 28 (PNA) — Local share prices declined below the 7,500-mark on Tuesday as investors continued to follow leads from developments abroad ahead of a two-day Federal Reserve meeting. The Philippine…
ADB announces increased funding for host Philippines
MANILA, July 28 (PNA) — Asian Development Bank (ADB) President Takehiko Nakao today met with Philippine Finance Secretary Cesar V. Purisima to discuss ADB’s deepening partnership with and increased funding for the…
Six firms interested in modernizing Davao Sasa Port
By Azer N. Parrocha MANILA, July 28 (PNA) — Six firms have expressed strong interest in the Davao Sasa Port Modernization Project, the first Public-Private-Partnership (PPP) project in Mindanao under the Aquino…
Enfinity backs use of solar hybrids to solve power supply shortage in SPUG areas
By Juzel L. Danganan MANILA, July 28 (PNA) – Enfinity Philippines, a subsidiary of Belgian-firm Enfinity Corp., supports the Department of Energy (DOE) proposal of using solar hybrids to solve the power…
Foreign, domestic investments surge during Aquino administration
By Kris M. Crismundo MANILA, July 27 (PNA) — Investment inflows from foreign and domestic firms increased during the past five years of the Aquino administration. President Benigno S. Aquino III, during…
Oil firms to cut gas and diesel products by 60c/ltr Tuesday
By Juzel L. Danganan MANILA, July 27 (PNA) — Oil firms will likely cut gas and diesel products by 60 centavos per liter on Tuesday. In an advisory, Petron Corporation, Phoenix Petroleum…
BSP eyes July ’15 inflation between 0.5-1.3%
By Joann Santiago MANILA, July 27 (PNA) — Rate of price increases for July 2015 is seen to stay below the government’s full-year target at between 0.5-1.3 percent on sustained drop in…