By Kris M. Crismundo MANILA, April 8 (PNA) — Providing services platform will expand the use of electric vehicles in the country, Japanese firm Global Mobility Service (GMS) said in a press…
Category: Business & Economy
210-MW coal-fired plant in Sarangani province ready for commercial operations
By Juzel L. Danganan MANILA, April 8 (PNA) – Sarangani Energy Corp. (SEC), a subsidiary of Alsons Consolidated Resources Inc., is ready to put into commercial operations its 210-megawatt (MW) coal-fired power…
Eaton opens second plant in PHL
By Kris M. Crismundo MANILA, April 8 (PNA) — Irish power management firm Eaton has opened its second manufacturing facility in the Philippines that will cater to its electrical business. Eaton expands…
Economic managers eye good GDP for PHL in Q1 ’15, full-year
By Joann Santiago MANILA, April 8 (PNA) — Economic managers are confident of sustained recovery of the Philippine economy this 2015, thus, they maintained the seven to eight percent growth target for…
MRC Allied in talks with seven local, foreign firms for its planned 50-MW solar project in Cebu
By Juzel L. Danganan MANILA, April 7 (PNA) — MRC Allied Inc., a publicly listed property development firm, plans to expand into power generation business using unused portion of its land bank…
Globe gains foothold in local telco industry, says exec
MANILA, April 7 (PNA) — Even if it started as a challenger brand, Globe Telecom Inc. has slowly gained a foothold in leadership in the local telecommunications industry for its financial growth…
PHL stocks hit 26th record high
MANILA, April 7 (PNA) –- Philippine stocks closed a new record high for seven trading days in a row this year, driven by positive sentiment over corporate earnings and upbeat United States…
DTI to SMEs: Push for higher product standards
MANILA, April 7 (PNA) — Local small and medium enterprises (SMEs) are urged for higher product standards for them to be more competitive in the local and world market. “Aside from exposing…
Ford PHL Q1 2015 sales surge 43%
By Kris M. Crismundo MANILA, April 7 (PNA) — Sales of American automaker Ford Motor Company in the Philippine market surged by 43 percent to 5,273 units in January-March 2015, from 3,692…
Barclays discounts cut in BSP rates this ’15
By Joann Santiago MANILA, April 7 (PNA) — UK-based Barclays does not foresee any downward movement in the Bangko Sentral ng Plilipinas’ (BSP) policy rates this year but instead a possible hike…
PSE index closes above 8,000 for the first time in 2015; hits 25th record high
MANILA, April 6 (PNA) –- Local share prices broke the 8,000 mark for the first time, hitting their 25th record close for the year, as investors bet on the favorable impact of…
Ayala Land unit buys 9.16% stake in Malaysian property firm
By LeslieD. Venzon MANILA, April 6 (PNA) — Property giant Ayala Land Inc. (ALI) on Monday said it acquired a minority stake in Malaysian property development company, GW Plastics Holdings Bhd., in…
Malampaya consortium kicks off bidding process for bank gas
By Juzel L. Danganan MANILA, April 6 (PNA) — The Malampaya consortium has started the bidding process for its leftover bank gas with a total capacity of 227.995 petajoules. In an invitation…
Trans-Asia planning to put up 120-MW wind farm in Cagayan
MANILA, April 5 (PNA) — Trans-Asia Renewable Energy Corporation (TAREC) is planning to put up a 120-megawatt (MW) wind farm in Ballesteros, Cagayan, according to the company’s President and Chief Executive Officer…
FMIC upgrades PHL growth forecast for 2015 to 7.5%-8.0%
By Leslie D. Venzon MANILA, April 5 (PNA) — First Metro Investment Corp. (FMIC), the investment banking arm of the Metrobank Group, has upgraded its forecast for Philippine economic growth to 7.5…