By Ferdinand G. Patinio MANILA, June 17 (PNA) — The Commission on Elections (Comelec) said that Smartmatic – Total Information Management (TIM) Corp. has purchased the bidding documents for the refurbishment of…
Category: Business & Economy
PHL’s 3-year T-bond rate up
MANILA, June 16 (PNA) — Average rate of the Philippines’ three-year Treasury bond (T-bond) rose Tuesday, which National Treasurer Roberto Tan pointed out is within expectations. The rate of the debt paper…
Bargain-hunting lifts PHL stocks back to 7,500
By Leslie D. Venzon MANILA, June 16 (PNA) — Philippine share prices rebounded and regained the 7,500 level on Tuesday on bargain hunting after previous day’s decline. The main index surged 49.32…
SSI Group sets Php3.7-B capex for store expansion over next 2 years
MANILA, June 15 (PNA) –- The country’s largest specialty store retailer SSI Group Inc. has earmarked over Php3.7 billion for its capital expenditures in the next two years to fund aggressive nationwide…
PSE index pulls back on US slump
By Leslie D. Venzon MANILA, June 15 (PNA) — Local share prices declined anew on Monday, taking its cue from the Wall Street. The barometer Philippine Stock Exchange index (PSEi) lost 47.56…
Solar Philippines and Megawide affiliate targets completion of three projects by December
By Juzel L. Danganan MANILA, June 15 (PNA) – Solar Philippines Inc. and Megawide Construction Corporation affiliate Citicore Power targets to complete the installation of its three solar projects, with a capacity…
Investing in Clark Green City, why not?
By Kris M. Crismundo MANILA, June 15 (PNA Newsfeature) — The state-owned Bases Conversion and Development Authority (BCDA) has an ambitious land development in Central Luzon, the 9,450-hectare Clark Green City. BCDA…
Maibarara consortium proves 10 MW of capacity for expansion
MANILA, June 15 (PNA) – PetroGreen Energy Inc-led Maibarara Geothermal Inc. (MGI) has proven 10 Megawatts (MW) of capacity for its expansion project, according to a disclosure from the Philippine Stock Exchange…
Mackay Green Energy to develop 32 MW biomass projects in Mindanao
By Juzel L. Danganan MANILA, June 14 (PNA) – Mackay Green Energy Inc. Chairman and Chief Executive Officer (CEO) James Mackay said the company will develop 32 Megawatts (MWs) of biomass projects…
WB official eyes better turnout for PHL economy after a blip in Q1
By Joann Santiago BAGAC, Bataan, June 11 (PNA) — A World Bank (WB) executive sees a turnaround for the Philippine economy in the second to fourth quarters of 2015 partly due to…
JG Summit sees 13-15% core earnings growth amid robust economy
By Leslie D. Venzon MANILA, June 11 (PNA) — Gokongwei-led conglomerate JG Summit Holdings Inc. is expecting to post 13 to 15-percent growth in core net income in 2015 as its food,…
Petroenergy sells 10 percent stake in PetroGreen to EEI Power Corp for P206 million
By Juzel L. Danganan MANILA, June 11 (PNA) – Petroenergy Resources Corporation has sold 10 percent in PetroGreen Energy Corporation to EEI Power Corporation for Php 206 million, according to a disclosure…
PHP back in 45-level ahead of US’ May ’15 retail sales report
By Joann Santiago MANILA, June 11 (PNA) — The Philippine peso ended Thursday at 45-level against the dollar, the second time it did this week, ahead of the release of US’ May…
PSE to launch new stock market trading engine on June 22
By Leslie D. Venzon MANILA, June 11 (PNA) — The Philippine Stock Exchange, Inc. (PSE) will launch its much-awaited new stock market trading system – the PSEtrade XTS- on June 22. The…
BSP approves EastWest’s insurance brokerage undertaking
MANILA, June 11 (PNA) — The Bangko Sentral ng Pilipinas has approved EastWest Bank’s initial equity investment in its wholly-owned insurance brokerage, EastWest Insurance Brokerage Inc. (EWIB). The BSP approved the EastWest’s…