By Azer N. Parrocha MANILA, June 28 (PNA) — Singapore Airlines (SIA) on Sunday announced that it is set to launch its new concept SilverKris Lounge at Ninoy Aquino International Airport (NAIA)…
Category: Business & Economy
RP Energy studying to shrink capacity to 300 MW from 600 MW
By Juzel L. Danganan MANILA, June 28 (PNA) — Meralco-led Redondo Peninsula Energy Inc. (RP Energy) is planning to shrink its power capacity from 600 Megawatts (MWs) to 300 MW, due to…
Economists eye hike in BSP rates in H2 ’15 on expected faster inflation rate
By Joann Santiago MANILA, June 25 (PNA) — Economists expect a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the second half of 2015 even after monetary officials keep…
Strong domestic demand, low inflation made BSP keep rates steady
By Joann Santiago MANILA, June 25 (PNA) — The still robust domestic demand along with low inflation environment made the Bangko Sentral ng Pilipinas (BSP) keep rates steady Thursday. Thus, the overnight…
Megaworld’s GERI to spend add’l PhP7-B to build new township in Iloilo
By Leslie D. Venzon MANILA, June 25 (PNA) — Global-Estate Resorts Inc. (GERI), a subsidiary of property firm Megaworld Corp., is spending an additional PhP7 billion to transform its 173-hectare Sta. Barbara…
Aurora Partners formed to develop solar projects in South Asia, including PHL
By Juzel L. Danganan MANILA, June 25 (PNA) – Asia Green Capital Partners and Juwi Renewable Energies Pte Ltd. have created Aurora Partners Pte. Ltd, a joint-venture company, to develop solar photovoltaic…
Corporate profits up 14% to Php158-B in Q1
By Leslie D. Venzon MANILA, June 25 (PNA) — The combined net income of companies listed at the Philippine Stock Exchange (PSE) surged by 13.9 percent in the first quarter mainly driven…
Fitch Ratings maintain ’15, ’16 growth forecast for PHL
By Joann Santiago MANILA, June 23 (PNA) — Fitch Ratings continues to forecast a 6.3 percent and 6.2 percent expansion for the Philippine economy for 2015-16 but cited the problem on public…
IBPAP on track with 1.21-M employment target in 2015
By Kris M. Crismundo MANILA, June 23 (PNA) — The country’s information technology-business process outsourcing (IT-BPO) industry is on track to hit 1.21 million employment this year. Information Business Processing Association of…
PSE index slips ahead of BSP meeting
MANILA, June 23 (PNA) — Local share prices returned to the 7,500 level on Tuesday ahead of the Bangko Sentral ng Pilipinas (BSP) policy meeting. The barometer Philippine Stock Exchange index (PSEi)…
PHLs seizes 2nd spot for biggest geothermal capacity in the world at 1.9 GW – REN21
By Juzel L. Danganan MANILA, June 23 (PNA) – The Philippines seized the second spot for the biggest geothermal capacity in the world for 2014, with a total capacity of 1.9 Gigawatts…
BDO-Amex offers rebates for cardholders
MANILA, July 23 (PNA) — An official of Sy-led Banco de Oro Unibank (BDO) is optimistic on the continued rise of credit card issuance citing that Filipinos are becoming mature on their…
PHL’s BPO services can be expanded through AEC – IBPAP
By Kris M. Crismundo MANILA, June 23 (PNA) — The country’s business process outsourcing (BPO) sector can further expand services it offers as the ASEAN Economic Community (AEC) takes effect by the…
Teleperformance opens 16th office in PHL, bullish on expansion outside NCR
By Kris M. Crismundo MANILA, June 23 (PNA) – World’s leading business process outsourcing (BPO) company, Teleperformance, remains bullish in the Philippine market as it opened its 16th office in the country…
Asia GDP grows 6 %: ADB
QINGDAO, Shandong Province, (PNA/Xinhua) — The Asian Development Bank estimates the overall GDP growth of Asian countries for 2015 will be around 6 percent, making it once again the fastest-growing continent in…