By Azer N. Parrocha MANILA, May 14 (PNA) –Tigerair Philippines, a wholly- owned subsidiary of low-cost carrier Cebu Pacific, has rebranded itself as Cebgo this week, complete with Cebu Pacific’s colors and…
Category: Business & Economy
San Miguel reports PHP6-B profit for Q1
MANILA, May 14 (PNA) — Diversified conglomerate San Miguel Corp. (SMC) said its profit surged slightly to PHP6 billion in the first quarter despite the inventory losses incurred by fuel and oil…
MRC Allied forms subsidiary to engage in power business
By Juzel L. Danganan MANILA, May 14 (PNA) — Property developer MRC Allied Inc. has fully entered the power industry business after it formed Menlo Renewable Energy Corporation. ”Please be advised that…
Semirara Mining’s net income up 24% to PhP 2.5 B
By Juzel L. Danganan MANILA, May 14 (PNA) — Semirara Mining and Power Corp.’ net income rose to Php 2.5 billion in the s first quarter this year, 24 percent from Php…
PSALM bids out fuel supply deal for 4 power plants
MANILA, May 14 (PNA) — The Power Sector Assets and Liabilities Management Corporation (PSALM) has start the bidding for a total of 9.04 million liters fuel supply deal for four power plants….
Megaworld profit up 12.48% to PhP2.35-B in Q1
MANILA, May 13 (PNA) — Property giant Megaworld Corp. said on Wednesday its profit surged by 12.8 percent in the first quarter of 2015 on strong residential sales and leasing income from…
Masinloc signs supply deal with 8 electric cooperatives in North Luzon at Php 4/kWh
MANILA, May 13 (PNA) — Masinloc Power Partners Co. Ltd. (MPPCL) has signed a power supply deal with eight electric cooperatives in North Luzon, with a contract rate of Php 4 per…
PSEi returns to 7,800 level
MANILA, May 13 (PNA) — Share prices on the Philippine Stock Exchange (PSE) sustained a third day of slight uptrend and regained the 7,800-mark on Wednesday, driven by positive sentiment over corporate…
Phoenix Petroleum declares dividends for preferred shares at Php 2.06
MANILA, May 13 (PNA) — Phoenix Petroleum Philippines has declared its dividends for preferred shares at Php 2.06, a rate of 8.25 percent. “We would like to inform the Exchange that the…
PHL stocks sustain gains
MANILA, May 12 (PNA) — The local stock market ended higher for a second day on Tuesday, albeit modest ones, on expectations the Bangko Sentral ng Pilipinas’ (BSP) decision will keep its…
PSE all set for June 1 launch of new trading system
MANILA, May 12 (PNA) — The Philippine Stock Exchange, Inc. (PSE) will start using its new trading system, the PSEtrade XTS on June 1, 2015. The new trading engine developed by NASDAQ…
D&L Industries hikes capex to Php340 M
By Leslie D. Venzon MANILA, May 12 (PNA) — D&L Industries, a listed food and plastic input manufacturer, is increasing its capital expenditures (capex) this year by 20 percent to Php340 million…
Enfinity Global to build wind project in PHL
MANILA, May 12 (PNA) – Enfinity Philippines, a subsidiary of Enfinity Global, will build a wind project in the Philippines. ”We have around the world wind projects, actually we signed for a…
Globe, LINE offer discounted calling rates to Globe, TM customers in PHL
MANILA, May 12 (PNA) — Discounted calling rates may be availed of by Globe and Touch Mobile (TM) customers beginning Tuesday following the signing of a new partnership between telco giant Globe…
Crown Asia Chemicals profit nearly doubles in Q1 to Php17.2-M
By Leslie D. Venzon MANILA, May 11 (PNA) — Listed plastic compound and pipe manufacturer Crown Asia Chemicals Corp. (Crown) on Monday said its profit in the first quarter nearly doubled on…