By Leslie D. Venzon MANILA, June 8 (PNA) — MPCALA Holdings Inc. (MPCALA), a subsidiary of Metro Pacific Tollways Corporation (MPTC), has won the bid to develop the Cavite-Laguna Expressway Project (CALAX)….
Category: Business & Economy
Vivant Energy Corp. acquires 15 percent of Delta P Inc
By Juzel L. Danganan MANILA, June 8 (PNA) – Vivant Energy Corporation has acquired 15 percent of Delta P Inc. — the largest independent power producer in Palawan since 1997. ”Vivant Energy…
SM hikes investment in SM Seaside City complex in Cebu to PHP30B
CEBU CITY, June 8 (PNA) — A key official of SM Prime Holdings said the company is increasing its investment for the development of SM Seaside City complex in Cebu City’s South…
First Gen to seek USD 150-200M for Sta. Maria natural gas project
By Juzel L. Danganan MANILA, June 7 (PNA) – First Gen Corporation President and Chief Operating Officer (COO) Francis Giles Puno said the company will raise around USD 150 million to USD…
Smart revamps Infinity postpaid plans
MANILA, June 6 (PNA) — Telco giant Smart Communications has revamped its Smart Infinity postpaid plans offering a new range of premium postpaid plans for all its customers. Smart Infinity now offers…
CAAP lifts Skyjet’s suspension
MANILA, June 6 (PNA) — The Civil Aviation Authority of the Philippines (CAAP) has lifted the suspension of the Airline Operator’s Certificate (AOC) of airline company, Magnum Air (Skyjet) Inc. CAAP director…
Napocor dispatches Power Barge 113 to Camotes Island
MANILA, June 5 (PNA) – The National Power Corp. (Napocor) has dispatched Power Barge 113 to Camotes Island, Cebu, to help stabilize the power supply in the area. ”Power Barge 113 will…
Inflation dips to lowest level in 20 years — NEDA
By Leslie D. Venzon MANILA, June 5 (PNA) — Philippine inflation rate fell to its lowest level in 20 years, dragged by ample supply of key food items and lower electricity and…
Php581-B freed up for new programs in 2016 — DBM
MANILA, June 4 (PNA) — There will be more room in the 2016 national budget for new socio-economic programs, thanks to a new budgeting approach by the Department of Budget and Management…
Peso slips vs USD in line with regional trend
MANILA, June 4 (PNA) — The dollar ended Thursday a tad better against the Philippine peso as investors took a wait-and-see stance vis-a-vis developments on Greece’s debt payment talks. The local unit…
PHL’s ICT-BPM industry on track to hit employment, revenue goal in 2015
CEBU CITY, June 4 (PNA) — The country’s Information technology-business process management (IT-BPM) industry is on track to meet its employment and revenue goal this year as it continues to strengthen its…
BPI Foundation launches business plan contest in Baguio
BAGUIO CITY, June 4 (PNA) — The Bank of the Philippine Islands Foundation (BPIF) will launch the BPI Sinag Challenge, a partnership with the Ateneo Center for Social Entrepreneurship (ACSEnt) in Baguio…
Potato Corner eyes to reach 100 int’l stores in 2015
By Kris M. Crismundo MANILA, June 4 (PNA) — Homegrown brand Potato Corner targets to reach 100 stores in the global market by the end of this year, Potato Corner Chief Executive…
8990 Holdings to spend Php850-M on first medium-rise condo in Muntinlupa
By Leslie D. Venzon MANILA, June 4 (PNA) — Listed mass housing developer 8990 Holdings Inc. is spending Php850 million to fund the construction of its first medium-rise condominium complex near the…
British SMEs keen on exploring opportunities in PHL
By Kris M. Crismundo MANILA, June 3 (PNA) — The British Chamber of Commerce (BCC), the largest business network in United Kingdom, wants British small and medium enterprises (SMEs) to explore trade…