By Juzel L. Danganan MANILA, May 17 (PNA) — Solar Philippines President Leandro Leviste said the firm will develop USD 480 million worth of projects, with an operation target by the first…
Category: Business & Economy
Globe posts Php 4.4-B mobile data revenues
By Azer N. Parrocha MANILA, May 16 (PNA) — Ayala-led Globe Telecom has posted mobile data revenues of Php 4.4 billion in the first quarter of the year, maintaining its dominance in…
Cebu developer to market furnished condos
By Eddie O. Barrita CEBU CITY, May 16 (PNA) — Officials of a Cebu-based developer are eyeing to capture the market for ready-for-occupancy condominium units in Cebu City’s urban districts. Farrah Mayol,…
405-MW Misamis coal-fired power plant to alleviate Mindanao power shortage in 2016
By Juzel L. Danganan MANILA, May 15 (PNA) — FDC Utilities Inc. (FDCUI), a subsidiary of Filinvest Development Corporation (FDC), announced Friday that its 405-megawatt (MW) FDC Misamis coal-fired power plant is…
Housing developer 8990 Holdings on track to hit PhP10-B revenue target for 2015
MANILA, May 15 (PNA) — Listed mass housing developer 8990 Holdings Inc. is optimistic about achieving its projected PhP10-billion revenue this year, banking on the country’s expanding economy. Its total revenues from…
Napacor to spend Php 106.2B in subsidy to boost capacities of power plants in five provinces
By Juzel L. Danganan MANILA, May 15 (PNA) -– Five areas are expected to boost the subsidy expenses of the National Power Corp.’s (Napocor) power plants by Php 1.062 billion. ”The proposed…
Aboitiz Equity Ventures keen to invest in acquiring Lafarge’s cement operations
By Leslie D. Venzon MANILA, May 15 (PNA) — Philippine conglomerate Aboitiz Equity Ventures, Inc. (AEV) is in talks with a global building materials company for possible investments in the acquisition of…
Air transport business lifts JG Summit profit by 11.2% in Q1
MANILA, May 15 (PNA) — Gokongwei-led conglomerate JG Summit Holdings Inc. on Friday said its first-quarter profit surged by 11.2 percent on the back mainly of air transportation business. In a disclosure…
Vista Land to launch Php40-B worth of housing projects in 2015; sets Php25.1-B capex
MANILA, May 15 (PNA) — Villar-led property holdings group Vista Land & Lifescapes, Inc. will launch Php40 billion worth of projects this year on expectations that housing demand will remain robust ahead…
PHL stocks higher near 7,900 on Wall St. rally
MANILA, May 15 (PNA) — Share prices at the Philippine Stock Exchange (PSE) closed higher near the 7,900-mark on Friday weeks ahead of the release of the country’s first-quarter economic output, helped…
Globe sustains leadership in mobile data business
MANILA, May 15 (PNA) — Globe Telecom has maintained its dominance in mobile data business in the first quarter of this year after posting mobile data revenues of Php 4.4 billion, double…
Monetary Board hikes inflation forecasts for 2015, 2016
By Joann Santiago MANILA, May 14 (PNA) — The central bank’s policy-making Monetary Board (MB) on Thursday revised upwards its inflation forecasts for this and next year due partly to the impact…
Weak US retail sales boost peso
By Joann Santiago MANILA, May 14 (PNA) — The Philippine peso posted a two-week high at 44.54 Thursday on disappointing US retails sales data for April 2015. It appreciated by Php 0.18…
Global-Estate’s profit up 35% to PhP 139 M
By Leslie D. Venzon MANILA, May 14 (PNA) — Global-Estate Resorts Inc. (GERI), the country’s biggest developer of integrated tourism estates, posted a 35-percent surge in profit in the first quarter of…
Extra wide-bodied Airbus A350-900 to visit PHL next week
By Azer N. Parrocha MANILA, May 14 (PNA) — The Airbus’ next-generation Airbus A350-900 XWB (extra wide body) is set to visit Manila next week, the Manila International Airport Authority (MIAA) confirmed…