MANILA, May 7 (PNA) — Local share prices retreated along with other Asian markets after Federal Reserve Chair Janet Yellen warned of the risks from “quite high” stock prices but are not…
Category: Business & Economy
Globe, Disney seal deal to provide Filipinos with Disney movies, games
MANILA, May 7 (PNA) — Telco giant Globe Telecom on Thursday announced that it has sealed a multi-year deal with Walt Disney Company Southeast Asia to provide Filipinos with digital content featuring…
PHL needs to address constraints to sustain economic growth
By Kris M. Crismundo MANILA, May 7 (PNA) — The Philippines remains to be an investment destination in the region with its economic development, however, key constraints should be address in order…
Higher loans, deposits growth boost Security Bank Q1 profit by 135%
MANILA, May 7 (PNA) — Publicly-listed Security Bank Corp. booked a whopping 135-percent surge in profit in the first quarter of 2015, boosted by higher loans and deposits growth. In a disclosure…
Mining companies paid PHP14.5-B taxes in 6 years, says MGB
BAGUIO CITY, May 7 (PNA) -– In terms of taxes, mining companies operating in the Cordillera Administrative Region (CAR) contributed more than PhP14.55 billion to the national coffers in six years, data…
Enfinity Global earmarks 33% of global projects this year to PHL, worth Php 8 B
By Juzel L. Danganan MANILA, May 6 (PNA) — Belgian-firm Enfinity Global will build a third of its global projects this year in the Philippines, through solar panels with a capacity of…
Universal Robina profit up 4.3% to Php6.49 B
By Leslie D. Venzon MANILA, May 6 (PNA) — Profits of snack and beverage giant Universal Robina Corp. (URC) surged 4.3 percent in the first half of fiscal year 2015 ending March…
PHL stocks fall below 7,900, track Wall Street
MANILA, May 6 (PNA) — The local stock market tumbled anew on low volume after a strong recovery, tracking overnight decline in United States equity markets. The barometer Philippine Stock Exchange index…
Banking, property businesses lift SM’s Q1 profit by 8.1%
MANILA, May 6 (PNA) — Tycoon Henry Sy-led conglomerate SM Investments Corp. (SM) booked an 8.1-percent increase in profit in the first quarter of 2015 on the back of banking, property and…
EDC poised to hold first major overseas drilling campaign by October
By Juzel L. Danganan MANILA, May 6 (PNA) -–Energy Development Corp. (EDC) is set to start drilling a geothermal well in Mariposa, Chile on October 2015, to assess the steam availability. ”We…
US-based enterprise security opens in PHL
By Kris M. Crismundo MANILA, April 27 (PNA) — United States-based enterprise security firm, Palo Alto Networks, opens in the Philippines in line with its expansion of operations in Asia Pacific. “The…
PHL stocks continue rally for 3rd day
MANILA, April 27 (PNA) –- Local share prices sustained their win streak for the third straight day Monday, as investors positioned for first-quarter corporate earnings and with gains overnight on Wall Street….
Meralco 2015 Q1 income up 8%
MANILA, April 27 (PNA) — The Manila Electric Company (Meralco) has gained Php 4.4 billion for the first quarter of 2015, an increase of eight percent compared to the same period last…
PetroGreen to complete feasibility study for solar project by Q3
By Juzel L. Danganan MANILA, April 26 (PNA) — PetroGreen Energy Corp., a wholly-owned subsidiary of Petroenergy Resources Corp. (PERC), is targeting to complete the feasibility study for its solar project by…
EPI taps Iceland Drilling for its Montelago Geothermal Power Project
By Juzel L. Danganan MANILA, April 25 (PNA) — Emerging Power Inc. (EPI) has tapped Iceland Drilling Corp. (IDC) as the drilling contractor for its 40-megawatt (MW) Montelago Geothermal Power Project in…