DAVAO CITY, June 30 (PNA) — The Davao Small and Medium Enterprises (SMEs) which export products to various international markets are urging the government to implement the Sasa Port Modernization project here…
Category: Business & Economy
PhilRealty forays into energy, other sectors outside real estate
MANILA, June 30 (PNA) — Listed high-end real estate developer Philippine Realty and Holdings Corp. (PhilRealty) on Tuesday announced its foray into energy and other sectors outside real estate, as it makes…
EPI hikes capital stocks to Php 2.4 B
By Juzel L. Danganan MANILA, June 30 (PNA) – Shareholders of Emerging Power, Inc. (EPI), a renewable energy company, have approved an increase in its authorized capital stocks from Php 500 million…
NREB re-files FIT rate proposal for wind at Php7.93 per kWh from Php8.49 per kWh
By Juzel L. Danganan MANILA, June 29 (PNA) — The National Renewable Energy Board (NREB) has re-filed to the Energy Regulatory Commission (ERC) its proposed Feed-in-Tariff (FIT) rate for wind at Php7.93…
PHL stocks retreat anew to 7,500-mark
MANILA, June 29 (PNA) — Philippine equities retreated to the 7,500-level anew on Monday, fuelled by fears of a Greek imminent debt default. The barometer stock exchange index declined 54.67 points to…
Expert: Lifting of banking sanctions a national success
TEHRAN, June 29 (PNA/IRNA) — A capital market expert believes that lifting of sanctions, especially banking sanctions is a national success, expressing hope that with finalization of agreements, the country’s economy will…
Hollande urges Greeks to resume debt talks before negotiations’ closure
PARIS, June 29 (PNA/Xinhua) — French President Francois Hollande on Monday expressed hope that Athens would resume debt negotiations for last-minute breakthrough in the few hours before the talks would be definitely…
Malaysia hopes Greece will solve debt crisis
KUALA LUMPUR, June 29 (PNA/Bernama) — International Trade and Industry Minister Datuk Seri Mustapa Mohamed is hopeful that Greece will find concrete solutions to revive its debt-laden economy. “In the event there…
Russian gas for China to flow through power of Siberia pipeline in 2018
MOSCOW, June 29 (PNA/Sputnik) — The Power of Siberia gas pipeline delivering Russian fuel to China will go into exploitation in 2018 and will be synchronized with China’s infrastructure, according to government…
(Update) Oil firms cut gas prices by Php1.05/liter, diesel by Php0.15c/liter Tuesday
MANILA, June 29 (PNA) -– Oil firms have cut gas prices per liter by Php1.05 and diesel by Php0.15 centavos per liter on Tuesday. Petron Corporation, Pilipinas Shell Petroleum Corporation (PSPC), Phoenix…
Max’s Group on track to open 90 stores in 2015
MANILA, June 29 (PNA) — Listed Max’s Group Inc., the country’s leading casual dining operator, is on track to open 80 to 90 new stores in 2015, as it takes advantage of…
DILG Chief vowed Mindanaoan business owners to redeem their land’s promise toward progress and prosperity
By Christopher Lloyd T. Caliwan MANILA June 28 (PNA) — Secretary of Interior and Local Government Manuel “Mar”Roxas advice Mindanaoan business owners to redeem their land’s promise, progress, and prosperity to inclusive…
PhP1.1-M worth of shabu, 6 kilos of marijuana seized from 2 male suspects in General Santos City – PDEA
By Christopher Lloyd T. Caliwan MANILA, June 28 (PNA) — Philippine Drug Enforcement Agency (PDEA) Director General Undersecretary Arturo Cacdac Jr. announced the arrest of two suspected male pushers in a buy-bust…
IMF approves USD 506 mn for Pakistan
ISLAMABAD, June 28 (PNA/PTI) — The IMF has approved over USD 506 million loan tranche to cash-strapped Pakistan as part of a three-year bailout programme to support the country’s economic reforms and…
SUWECO switches on 8.8-MW diesel fired power plant in Tablas, Romblon
ROMBLON, June 28 (PNA) — Sunwest Water and Electric Company (SUWECO) has switched-on Sunday its 8.8 Megawatts (MWs) diesel fired power plant in Tablas, Romblon; expected to improve the lives of more…