By Leslie D. Venzon MANILA, April 12 (PNA) — Camella, the flagship brand of listed property developer Vista Land & Lifescapes Inc., is planning to launch over Php60 billion worth of projects…
Category: Business & Economy
PNB signs Php 1.2-B loan term deal with MORESCO I
MANILA, April 10 (PNA) — The Philippine National Bank (PNB) and Misamis Oriental 1 Rural Electric Service Cooperative, Inc. (MORESCO I) signed a loan agreement of up to Php 1.2 billion, 10-year…
PHL stocks hit 27th record close above 8,100
MANILA, April 10 (PNA) — Local share prices surged to record level anew above the 8,100 mark on Friday, tracking the rise on overseas markets. The barometer Philippine Stock Exchange index (PSEi)…
BOI releases ’14-16 IPP guidelines
By Kris M. Crismundo MANILA, April 10 (PNA) — The Board of Investments (BOI) has approved the 2014-2016 Investment Promotions Plan (IPP) general policies and specific guidelines, which are now available on…
GCash customer base up by 25%
By Azer N. Parrocha MANILA, April 10 (PNA) — Globe Telecom Inc.’s wholly-owned subsidiary G-Xchange Inc. (GXI) that operates mobile money service GCash, has posted a 25 percent upturn in its customer…
Ayala Group boosting energy, infrastructure projects
By Leslie D. Venzon MANILA, April 10 (PNA) — Conglomerate Ayala Corp. is boosting its new portfolio of businesses in power generation and transport infrastructure as it targets ramping up profit to…
Belgian business group eyes PHL port industry, trade
By Azer N. Parrocha MANILA, April 10 (PNA) — The Philippine Port Authority (PPA) on Friday said that several business groups from Belgium are looking at opportunities in the Philippines not only…
BOI-approved investments in Q1 2015 up by 17%
MANILA, April 10 (PNA) — The Board of Investments (BOI) has approved more projects in January to March 2015 which translates to higher investment approvals and more job generation. BOI Managing Head…
DOST-3 helps Central Luzon MSMEs to be more competitive thru SET-UP
CITY OF SAN FERNANDO, Pampanga, April 10 (PNA) –The Department of Science and Technology (DOST) Region III is continuously assisting micro, small and medium enterprises (MSMEs) in Central Luzon to acquire technology…
Megaworld’s GERI profit up 151% in 2014
By Leslie D. Venzon MANILA, April 10 (PNA) — Global-Estate Resorts Inc. (GERI), the Philippines’ leading tourism estate developer, posted a whopping 151-percent in profit in 2014 on the back of robust…
Ayala Corp. interested to join Php 107.7-B South Railways project
By Johnny C. Nunez LEGAZPI CITY, April 9 (PNA) — Albay, together with whole Bicol Region, gets a big boost from Ayala Corp.’s expressed interest in the Php 170.7-billion Philippine Railways South…
Power firm eyes plants in Bohol, Leyte
By Eddie O. Barrita CEBU CITY, April 9 (PNA) — The Global Business Power Corporation (GBPC) is planning to build power plants in Bohol and Leyte to addres future needs of additional…
Economic managers want tax package to offset cut in revenue target for ‘15
By Joann Santiago MANILA, April 8 (PNA) — Economic managers are proposing a tax package that would offset the proposed cut in government revenues for 2015. This after the inter-agency Development Budget…
Crown Asia reveals business plans, strategies
By Ma. Cristina C. Arayata MANILA, April 8 (PNA) — “We believe that we should always be one step ahead our competitors,” noted Derrick Villanueva, general manager, Crown Asia Chemicals Corp.’s Pipe…
GCash, RCBC jointly expand reach of mobile financial services in PHL
By Azer N. Parrocha MANILA, April 8 (PNA) — Globe Telecom Inc.’s (Globe) wholly-owned subsidiary, G-Xchange Inc. (GXI) and Rizal Commercial Banking Corp. (RCBC) have sealed a deal to expand customer reach…