By Juzel L. Danganan MANILA, May 27 (PNA) – OrionGroup International Inc., an American renewable energy (RE) firm and First Solar Inc., the world’s largest solar developer, have formed FSO Energy Solutions…
Category: Business & Economy
Pacific Online Systems Corp. renews partnership with Globe Business
MANILA, May 27 (PNA) — Globe Business, the corporate ICT arm of Globe Telecom, once again gained the trust of Pacific Online Systems Corporation (POSC) as the management systems and software provider…
Cebu Pacific to fill over 100 cabin crew vacancies in recruitment fairs in key cities
By Azer N. Parrocha MANILA, May 27 (PNA) — Low-cost carrier Cebu Pacific Air (CEB) on Wednesday said that it will conduct a nine-city recruitment fair in the coming weeks to fill…
Rockwell Land sets Php13-B 2015 capex to ramp up project launches
MANILA, May 27 (PNA) — Lopez-led Rockwell Land Corp. is almost doubling its capital expenditure budget this year to Php13 billion from last year’s Php8.7 billion, as it ramps up project launches…
IMF maintains PHL growth forecast at 6.7%; raises inflation outlook on impact of El Nino
By Leslise D. Venzon MANILA, May 26 (PNA) — The International Monetary Fund (IMF) has maintained its growth projection for the Philippines this year at 6.7 percent despite a weak global economy….
PSE monitors developments in GREEN even with trading suspension
MANILA, May 26 (PNA) — The Philippine Stock Exchange, Inc. (PSE) continues to monitor the developments involving Greenergy Holdings Incorporated (GREEN) even as trading of its shares has been suspended. “A trading…
PHL economy to expand 6.5% to 7% in Q1 — FMIC, UA&P
By Leslie D. Venzon MANILA, May 26 (PNA) — The Philippine economy is expected to grow 6.5 percent to 7 percent in the first quarter due to higher infrastructure spending and good…
Alveo Land sees Php3.7-B in sales from new Laguna residential project
MANILA, May 26 (PNA) — Listed property giant Ayala Land Inc. affiliate Alveo Land expects to generate Php3.7 billion in sales with the launch of the 40-hectare fifth residential subdivision project in…
APEC ministers agree on Free Trade Area study completion next year
BORACAY ISLAND, Aklan, May 25 (PNA) — Trade officials meeting for the APEC Ministers Responsible for Trade (MRT) agreed to complete the study on the Free Trade Area in the Asia Pacific…
PHL among world’s fastest growing economy
MANILA, May 25 (PNA) — The Philippines is among the top five countries in the world with fastest economic growth both in medium and long term, according to United States-based think tank…
Lack of leads drive PHL stocks down for 3rd day
MANILA, May 25 (PNA) — Share prices at the Philippine Stock Exchange (PSE) fell for a third day in the absence of new leads ahead of the release of the country’s first-quarter…
APEC trade ministers to endorse action agenda to globalize MSMEs
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 24 (PNA) — Trade ministers from the 21 Asia-Pacific Economic Cooperation (APEC) members Sunday agreed to endorse to their leaders the adoption of an…
Ang serious on bank gas and Malampaya bid
By Juzel L. Danganan MANILA, May 24 (PNA) –- San Miguel Corporation (SMC) President Ramon Ang said the firm is serious on both its Malampaya bank gas and Malampaya pipeline bids. ”We’ll…
ACR open to partners for 105-MW San Ramon Power Inc coal fired power plant
By Juzel L. Danganan MANILA, May 24 (PNA) – Alsons Consolidated Resources Inc. (ACR) is open to a partnership on its 105 Megawatt (MW) San Ramon Power Inc. (SRPI) coal fired power…
Citicore Power targets RE power capacity of 322 MW by 2020
By Juzel L. Danganan MANILA, May 24 (PNA) – Citicore Power, a subsidiary of Citicore Investments Holdings, Inc. (CHI), targets a renewable energy capacity of 322 Megawatts (MWs) by 2020, according to…