By Azer N. Parrocha MANILA, July 4 (PNA) — Travelers at the Ninoy Aquino International Airport (NAIA) Terminal 2 may now choose from a new selection of drinks, snacks and meals with…
Category: Business & Economy
Meralco subsidiary bags MRT-3 power systems contract
By Azer N. Parrocha MANILA, July 3 (PNA) –The Department of Transportation and Communications (DOTC) awarded to MRAIL, Inc., a subsidiary of Manila Electric Co. (Meralco), the contract for another maintenance component…
BPI Capital 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…
Bidding for NAIA bus services now open –LTFRB
By Azer N. Parrocha MANILA, July 3 (PNA) — The bidding for the bus airport services for the Ninoy Aquino International Airport (NAIA) is now open, the Land Transportation Franchising and Regulatory…
DOE okays reassignment of Cosco’s participating interest on six projects to Alcorn
By Juzel L. Danganan MANILA, July 3 (PNA) – The Department of Energy (DOE) has approved the reassignment of participating interest of Cosco Capital Inc. on six exploration projects to Alcorn Petroleum…
Bakers to DTI: Focus flour, bread prices probe on millers
By Kris M. Crismundo MANILA, July 2 (PNA) — The Philippine Baking Industry Group (PhilBaking) said that the Department of Trade and Industry (DTI) should focus its probe on flour and bread…
PIP signs guidelines to secure fuel supply in Manila during times of disasters
By Juzel L. Danganan MANILA, July 2 (PNA) — The Philippine Institute of Petroleum (PIP) signed Thursday the guidelines for securing fuel supply in Metro Manila during times of disasters. “The implementing…
Singapore stocks end up 0.42 pct
SINGAPORE, July 1 (PNA/Xinhua) — Singapore shares closed 0.42 percent higher on Wednesday, after Greece became the first developed economy to default on a loan with the International Monetary Fund (IMF), perhaps…
Greece in arrears to IMF, heading to default
ATHENS, July 1 (PNA/Xinhua) — Greece on Wednesday became the first developed country in arrears to the International Monetary Fund (IMF) after World War II, heading to an abrupt default and possible…
Filinvest Land wins bid for 19-hectare Cebu Property
MANILA, July 1 (PNA) — Property developer Filinvest Land, Inc. (FLI) and its subsidiaries and affiliates won the bid for the 19.24-hectare lot located at South Road Properties (SRP) owned by Cebu…
Bulgaria sets up coordinating council to prepare for eurozone membership
SOFIA, July 1 (PNA/Xinhua) — Bulgarian government established on Wednesday a coordinating council to prepare the country for membership in the eurozone, officials said. The council, chaired by the minister of finance,…
OMECO expects power supply to stabilize by October
By Juzel L. Danganan MANILA, July 1 (PNA) – Occidental Mindoro Electric Cooperatives Inc. (OMECO) expects power supply to stabilize by October 2015, with the National Power Corp. (Napocor) targeting to normalize…
Petron cuts LPG prices by 45c/ltr
By Juzel L. Danganan MANILA, June 30 (PNA) — Petron Corp. has cut Liquefied Petroleum Gas (LPG) prices by 45 centavos per kilogram (kg) effective Wednesday. Petron will lower prices by Php…
Century Pacific Food scouts for acquisitions of other businesses
By Leslie D. Venzon MANILA, June 30 (PNA) — Century Pacific Food Inc. (CNPF), the country’s largest canned food company, is scouting for potential acquisitions in a bid to grow profit by…
Dollar retreats on Greek debt crisis developments
MANILA, June 30 (PNA) — Markets’ wait-and-see stance on developments in Greece and its creditors resulted to the appreciation of the Philippine peso Tuesday, in line with regional trend. The local unit…