By Leslie D. Venzon MANILA, April 26 (PNA) — The Villar family’s retail arm All Value Holdings Corp. is investing about Php 12 billion to put up 30 to 40 more AllHome…
Category: Business & Economy
Economic managers eye “A” level investment grade for PHL
By Joann Santiago MANILA, April 24 (PNA) — Philippines’ economic managers are now eyeing an “A” category investment grade for the country in the medium term after Standard & Poor’s (S&P) on…
S&P keeps PHL’s ‘BBB’ rating, eyes sustained growth growth for the economy
By Joann Santiago MANILA, April 24 (PNA) – Standard&Poor’s (S&P) on Friday maintained its investment grade rating of ‘BBB’ with “stable” outlook for the Philippines after noting that strong fundamentals will enable…
Fitch affirms ratings of PHL’s BPI, BDO, Metrobank
By Joann Santiago MANILA, April 24 (PNA) — Fitch Ratings on Friday affirmed its ratings on Philippines-based banks Bank of the Philippine Islands (BPI), Banco de Oro Unibank Inc. (BDO) and Metropolitan…
Lending, deposit-taking businesses boost BDO 2014 profit to record level
MANILA, April 24 (PNA) — Listed BDO Unibank Inc. (BDO) posted an 18-percent increase in net income in 2014 on the back of the strong performance of its lending and deposit-taking businesses….
SLTEC completes construction of first unit
MANILA, April 24 (PNA) — South Luzon Thermal Energy Corp. (SLTEC), a joint-venture between Trans-Asia Oil, Energy Development Corporation (EDC) and Ayala Corporation, has completed the construction of its first 135-Megawatt (MW)…
Moody’s Analytics eye further rise of PHL GDP in Q1 ’15 to7.3%
By Joann Santiago MANILA, April 24 (PNA) — Sustained improvement of government spending and infrastructure investment among others made Moody’s Analytics forecast a 7.3 percent expansion of the Philippine economy in the…
PHL inflation eases at 2.4% in Q1 2015
By Kris M. Crismundo MANILA, April 24 (PNA) — The Philippines’ headline inflation rate for January to March 2015 period has eased to 2.4 percent, the Bangko Sentral ng Pilipinas (BSP) reported…
Globe Business boosts productivity of IT solutions firm with Google Apps
MANILA, April 24 (PNA) — Globe Business, the corporate ICT arm of Globe Telecom, is leading the adoption of cloud services in the PH enterprise industry as it offers Google Apps services…
Globe inks deal with Rocket Internet’s Lazada
MANILA, April 23 (PNA) — Ayala-led Globe Telecom on Thursday announced that it has sealed a deal with top online retailer and marketplace Lazada to bring its mobile wallet, GCASH to the…
Cebu Pacific plans to expand its flights to Australia
By Azer N. Parrocha MANILA, April 23 (PNA) — Low-cost carrier Cebu Pacific announced on Thursday its plan to expand its flight services in Australia on the back of growing passenger traffic….
Roxas Pacific Bioenergy Corp signs P46.72-M purchase deal with Valmayor Ventures
By Juzel L. Danganan MANILA, April 23 (PNA) — Roxas Pacific Bioenergy Corporation, a subsidiary of Roxas Holdings Inc., has signed a Php 46.72 million purchase deal with Valmayor Ventures, Inc. for…
PHL stocks recover near 7,900 mark
MANILA, April 23 (PNA) — Local share prices recovered from a three-day slump and returned near the 7,900 level on Thursday, tracking United States (US) markets. The barometer Philippine Stock Exchange index…
Gabon, Africa consortium targets oil production of 25,000 barrels per day by November
By Juzel L. Danganan CATICLAN, April 22 (PNA) — The Gabon consortium is targeting to boost its oil production to 25,000 barrels per day from its current output of 19,000 barrels per…
Ayala Land plans to build a mall complex bigger than SM Mall of Asia
By Christopher Lloyd T. Caliwan MANILA, April 22 (PNA) — Mayor Edwin L. Olivarez announced that Ayala Land Inc., the property development arm of the Ayala group, has joined the action at…