MANILA, July 11 (PNA) — Oriental Mindoro Rep. Reynaldo Umali, chairman of the House Committee on Energy, on Saturday said that barring unforeseen events, there will be no more power shortage in…
Category: Business & Economy
PAL to hold cabin crew recruitment in Bacolod next month
MANILA/ July 11 (PNA) — Flag carrier Philippine Airlines (PAL) on Saturday will hold a cabin crew recruitment event in Bacolod City next month. In a statement, PAL said that this will…
Provincial gov’t plans to bring North Borneo gas & oil to Southern Palawan
By Celeste Anna R. Formoso PUERTO PRINCESA CITY, July 11 (PNA) — The Palawan government is exploring the possibility of bringing the North Borneo oil and gas to the southern part of…
BSP to launch credit surety fund in Zambales
MANILA, July 10 (PNA) — The Bangko Sentral ng Pilipinas (BSP), in partnership with the Provincial Government of Zambales, will launch the Zambales Credit Surety Fund (Zambales CSF) on Monday at the…
Peso gains vs USD
MANILA, July 10 (PNA) – – The Philippine peso improved against the dollar Friday when it ended the week at 45.125 from 45.21 in the previous trading. A trader attributed this to…
PSEi slightly up for 2nd day
MANILA, July 10 (PNA) — Local share prices posted a marginal gain for a second day as investors sought out bargain stocks. The benchmark Philippine Stock Exchange index (PSEi) advanced 14.90 points…
MPIC unit pays gov’t Php 5.4 B in concession fee for CALAx project
By Leslie D. Venzon MANILA, July 10 (PNA) — Infrastructure conglomerate Metro Pacific Investments Corp.’s (MPIC) subsidiary, MPCALA Holdings Inc., initially paid the government on Friday a concession fee of Php 5.4…
ERC approves Meralco’s lower distribution charge
By Luzel L. Danganan MANILA, July 10 (PNA) – The Energy Regulatory Commission (ERC) on Friday temporarily allowed the Manila Electric Company (Meralco’s) to lower its distribution charges by 17 centavos per…
Toyota PHL eyes next 1-M sales in less than 10 years
By Kris M. Crismundo MANILA, July 10 (PNA) — Toyota Motor Philippines Corp. (TMPC) targets to sell its next one million unit sales in 10 years, faster that its first one million…
FDIs post USD 382-M Net Inflows in April 2015; January-April level reaches USD 1.2 B
MANILA, July 10 (PNA) — Foreign direct investments (FDI) continued to post net inflows amounting to USD 382 million in April 2015, as all FDI components remained in positive territory during the…
BSP holds 12th Awards Ceremony and Appreciation Lunch for Stakeholders
MANILA, July 9 (PNA) — As part of the Bangko Sentral ng Pilipinas’ (BSP) celebration of its 22nd anniversary, the BSP will hold the 2015 Awards Ceremony and Appreciation Lunch for Stakeholders…
ING economist sees PHL economy to grow 6% in Q2 ’15
By Joann Santiago MANILA, July 9 (PNA) — An economist of ING Bank Manila sees a six percent growth of the Philippine economy in the second quarter of this year. “Growth prospect…
Ethiopian Airlines’ inaugural flight lands in NAIA Terminal 1
By Azer N. Parrocha MANILA, July 9 (PNA) –Ethiopian Airlines, Ethiopia’s flag carrier, finally touched down at the Ninoy Aquino International Airport (NAIA) Terminal 1 Thursday night marking its inaugural flight to…
Peso almost unchanged vs. USD
By Joann Santiago MANILA, July 8 (PNA) — The Philippine peso was little changed to a greenback Wednesday as European leaders discuss how to deal with Greece’s debt situation. It ended the…
Shell sees improved income for 2015
By Juzel L. Danganan MANILA, July 8 (PNA) — Pilipinas Shell Petroleum Corp. (PSPC) is expecting better revenues for the first half this year, compared to the huge losses in 2014. “We…