MANILA, May 3 (PNA) – The Department of Energy (DOE) has launched a Renewable Energy (RE) permit monitoring website or Energy Vehicle One Shared System (EVOSS) Wednesday, that will help speed up…
Category: Business & Economy
Robinsons Land embarks on doubling profits by 2019
MANILA, June 3 (PNA) — Gokongwei-led Robinsons Land Corp. (RLC) is expanding aggressively its mall, hotel, residential and office portfolio with the goal of doubling its profit over the next five years…
CAMPI welcomes EO for new car perks regime
MANILA, June 2 (PNA) — The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) has welcomed Executive Order No. 182 which implements the Comprehensive Automotive Resurgence Strategy (CARS) Program signed by…
PHL insurance industry posts 32.52% net income hike in Q1 ’15
By Joann Santiago MANILA, June 2 (PNA) — The Philippines’ insurance industry posted a 32.52 percent year-on-year expansion in net income in the first quarter of 2015. Insurance Commission (IC) preliminary data…
Vista Land okays tender offer for USD 450-M notes issued by subsidiary
By Leslie D. Venzon MANILA, June 2 (PNA) — Listed property developer Vista Land & Lifescapes Inc. on Tuesday said its board approved wholly-owned subsidiary VLL International, Inc.’s (VLLI) offer to buy…
PSEi slumps to 7,551
MANILA, June 2 (PNA) — Local share prices fell sharply again in thin trading to the 7,500 level on Tuesday after the Federal Reserve made indications toward an interest rate hike. The…
PHL to continue pursuing economic reforms to speed up spending, boost economic growth –NEDA
By Leslie D. Venzon MANILA, June 2 (PNA) — The Philippine government will continue to aggressively pursue economic reforms especially in public financial management to speed up spending and stimulate economic growth…
CARS program to contribute 1.7% in domestic expansion -Valte
By Joann Santiago MANILA, June 2 (PNA) — The government’s Comprehensive Automotive Resurgence Strategy (CARS) program is seen to contribute about 1.7 percent of domestic output, Deputy Presidential Spokesperson Abigail Valte said…
SMC, Ayala-Metro Pacific keen on Php170-B PPP Manila-Legazpi south line railway project
LEGAZPI CITY, June 2 (PNA) — The Php 170-billion South Line Railway project under a Public-Private-Partnership scheme is open for investors, Albay Gov. Joey Sarte Salceda said Tuesday. Salceda said the Department…
PAL adjusts London schedule for connecting passengers’ advantage
By Azer N. Parrocha MANILA, June 1 (PNA) — Flag carrier Philippine Airlines (PAL) announced on Monday that it has adjusted the operating times of its four-times-weekly service between Manila and London….
Bargain-hunting lifts PHL stocks
MANILA, June 1 (PNA) — Continuing bargain-hunting following last week’s losses further lifted the local stock market on Monday. The benchmark Philippine Stock Exchange index (PSEi) surged 89.91 points or 1.19 percent…
BSP eyes 1.6-2.4% inflation for May ’15
By Joann Santiago MANILA, May 27 (PNA) — The Bangko Sentral ng Pilipinas (BSP) continues to see within-target inflation for the Philippines with the May 2015 range projected between 1.6-2.4 percent. In…
PSEi falls to 4-month low on Wall St. slump, revised Q4 GDP
By Leslie D. Venzon MANILA, May 27 (PNA) — Local share prices fell to their lowest in four months, tracking the downturn in the United States market, ahead of the release of…
Meralco preparing for possible killer quake
By Juzel L. Danganan MANILA, May 27 (PNA) – The Manila Electric Company (Meralco) is preparing for the aftermath of the predicted “Big One”, a possible 7.2 magnitude earthquake along the West…
Universal Robina aggressively expanding in PHL, other Southeast Asian nations
MANILA, May 27 (PNA) — Gokongwei-led food and beverage manufacturer Universal Robina Corp. (URC) is aggressively expanding in the Philippines and overseas especially in Southeast Asian countries to keep pace with the…