MANILA, June 10 (PNA) — Globe Business continues to manifest its commitment to the sustainability and conservation of our country’s biodiversity as its partnership with the Philippine Eagle Foundation (PEF) come to…
Category: Business & Economy
PHL stocks bounce on bargain hunting
By Leslie D. Venzon MANILA, June 10 (PNA) — Philippine share prices recovered on Wednesday as investors went bargain-hunting after the bellwether index retreated to five-month low. The Philippine Stock Exchange index…
Century Properties to complete 6 residential projects worth over Php15-B
MANILA, June 10 (PNA) — Century Properties Group, Inc. is set to complete six residential projects this year with total sales value of over Php15 billion. These projects are Milano in Century…
Petron to expand Port Dickson Refinery in Malaysia
By Juzel L. Danganan MANILA, June 10 (PNA) – Petron Corporation will expand its Malaysian refinery, but not bigger than the Limay, Bataan refinery expansion from 120,000 to 180,000 barrels per day….
PHL franchising industry urged to tap agri sector
by Kris M. Crismundo MANILA, June 10 (PNA) — Senator Cynthia Villar urges players in the local franchising industry to tap the agriculture sector and expand to agri-business franchising in order to…
Bloomberry bullish on local, East Asian markets
By Kris M. Crismundo MANILA, June 10 (PNA) — Bloomberry Resorts Corp., the owner and operator of Solaire Resorts and Casino, is optimistic in its local business as well as expanding in…
PHL auto sales sustain double-digit growth
By Kris M. Crismundo MANILA, June 9 (PNA) — The country’s automotive industry remains bullish after sustaining a double-digit sales growth for five consecutive months. Chamber of Automotive Manufacturers of the Philippines,…
SMC to invest Php32B to boost food business
By Leslie D. Venzon MANILA, June 9 (PNA) — Philippine diversified conglomerate San Miguel Corp. (SMC) is investing Php32 billion to boost its food business in the next three years, as it…
Peso back at 44-level vs. USD
MANILA, June 9 (PNA) — The Philippine peso ended Tuesday sideways to a dollar but ended the day at 44-level after closing at 45-level a day ago. It finished the trade at…
NREB considering 2 GWh solar target capacity by 2030
By Juzel L. Danganan MANILA, June 8 (PNA) – The National Renewable Energy Board (NREB) is considering a 2 Gigawatthour (GWh) solar target capacity by 2030, according to its Chairman Pete Maniego…
3 Japanese consortiums eye Manila-Clark rail projects
By Kris M. Crismundo MANILA, June 9 (PNA) — Three Japanese consortium are eyeing for the rail projects under the state-owned Bases Conversion and Development Authority (BCDA), its President and Chief Executive…
Ayala Land to complete office towers, malls at Php80-B Arca South dev’t in 2017
By Leslie D. Venzon MANILA, June 9 (PNA) — Property giant Ayala Land, Inc. (ALI) expects to complete the construction of two office towers and a mall by 2017, a component of…
Meralco given go signal to collect Php908.6-M for over/under recoveries from 2003-2010
By Juzel L. Danganan MANILA, June 8 (PNA) — The Manila Electric Company (Meralco) has been given the go-signal by the Energy Regulatory Commission (ERC) to collect Php908.6 million worth of over/under…
PSE index declines on US rate hike fears
MANILA, June 8 (PNA) — Local share prices declined below 7,500-mark on Monday, its lowest level in 19 weeks, following weakness overnight in the United States (US) market. The barometer Philippine Stock…
D&L Industries raises capital to Php18-B through stock dividend
MANILA, June 8 (PNA) — D&L Industries, a listed food and plastic input manufacturer, will increase its capitalization by whopping 350 percent from Php4 billion to Php18 billion through stock dividend. Shareholders…