By Azer N. Parrocha MANILA, July 8 (PNA) — Smart Communications, Inc. (Smart) value brand Talk ‘N Text (TNT) has recorded over 4.5 million Filipinos using the app, Internet.org since its launch…
Category: Business & Economy
BPI Capital official eyes private sector-issued infrastructure bond by end-’15
By Joann Santiago MANILA, July 3 (PNA) — A BPI Capital executive is optimistic that an infrastructure bond will be initially issued in the Philippines by end-2015. BPI Capital Officer-in-Charge and Managing…
DOE orders distribution utilities to add provision penalty for gencos that fail to supply capacity
By Juzel L. Danganan MANILA, July 7 (PNA) — The Department of Energy (DOE) has ordered distribution utilities (DUs) to add a provision penalty on power supply agreements (PSAs) for generation companies…
PSEi extends slump
By Leslie D. Venzon MANILA, July 7 (PNA) — Share prices at the Philippine Stock Exchange (PSE) extended their losing streak on Tuesday, as investors awaited further developments days after Greeks rejected…
Risk-off sentiment results to sideways close of Php vs USD
By Joann Santiago MANILA, July 7 (PNA) — The sideways close of the Philippine peso to a greenback registered anew Tuesday as investors continue to move to safer haven in the midst…
Cebu City to award sale of 45.2 hectares of SRP lots before month’s end
CEBU CITY, July 7 (PNA) — The Cebu City government’s committee on awards is targeting to award the sale of 45.2 hectares of lots at the South Road Properties (SRP) to its…
ARMM to showcase halal initiatives in Davao festival
COTABATO CITY, July 7 (PNA) — The Autonomous Region in Muslim Mindanao (ARMM) will showcase its halal-related policies during the 1st Mindanao Halal Festival to be held at the Abreeza Mall in…
PSE index hits 3-week low after Greek referendum outcome
MANILA, July 6 (PNA) — Local equities on Monday closed to its lowest in three weeks along with other Asian markets, after Greek voters rejected a bailout package proposed by its European…
DOE targets launch of two CNG refuelling stations next year
By Juzel L. Danganan MANILA, July 6 (PNA) — Undersecretary Donato Marcos said the Department of Energy (DOE) is targeting to launch two Compressed Natural Gas (CNG) refuelling stations next year, allowing…
Ayala, MPIC in talks with possible partners for PPP Legazpi rail project; San Miguel keen to bid for project
MANILA, July 6 (PNA) — Ayala Corp. (AC) and Metro Pacific Investments Corporation (MPIC) on Monday confirmed that they are in talks with potential partners for the Php177-billion Philippine National Railway South…
Oil firms cut pump prices by at least 65 centavos per liter
By Juzel L. Danganan MANILA, July 6 (PNA) — Oil firms cut pump prices of petroleum products by 65 centavos per liter on Tuesday. Pilipinas Shell Petroleum Corp. (PSPC), PTT Philippines, Seaoil…
8990 Holdings to invest PhP4.3-B to build fifth housing project in Davao
By Leslie D. Venzon DAVAO CITY, July 5 (PNA) — Listed mass housing developer 8990 Holdings Inc. is investing PhP4.3 billion to develop a 100-hectare property into its fifth residential project here,…
‘Tagbilaran more than just a gateway’
By Angeline Valencia TAGBILARAN CITY, Bohol, July 5 (PNA) — Tagbilaran City will no longer be just the gateway to Bohol, but a destination itself. Gov. Edgar Chatto emphasized this as he…
Shell depleting fuel stocks in Pandacan oil depot to comply with SC order for November
By Juzel L. Danganan MANILA, July 5 (PNA) — Pilipinas Shell Petroleum Corporation (PSPC) said it will try to meet the Pandacan oil depot exit deadline set by the Supreme Court (SC)…
DOST, PTV Network ink co-location deal boosting wi-fi project
MANILA, July 3 (PNA) — Government-owned People’s Television (PTV) Network and the Department of Science and Technology – Information and Communications Technology Office (DOST-ICTO) recently inked an agreement for a 25-year co-location…