MANILA, March 27 (PNA) — Globe Telecom was cited as one of the best managed public companies in the Philippines and in the region, according to a survey by FinanceAsia Magazine among…
Category: Business & Economy
Filinvest pays off 10-hectare SRP lot
CEBU CITY, March 27 (PNA) — Real estater giant Filinvest Land Inc. (FLI) has paid off the 10-hectare lot in the South Road Properties (SRP) after its area general manager, Allan Alfon,…
Philjets optimistic with aerospace industry in PHL
By Kris M. Crismundo MANILA, March 27 (PNA) — Local aerospace industry player, Philjets Group, is optimistic with the aerospace industry in the country as it eyes to double its sales this…
BSP cuts ’15, ’16 inflation projection
By Joann Santiago MANILA, March 26 (PNA) — Lower-than-forecast hike in minimum wage in the National Capital Region (NCR) was attributed as among the reasons for the drop in the Philippine central…
PHL stocks hit 20th record high for 2015
By Leslie D. Venzon MANILA, March 26 (PNA) –- The local stock market surged near 7,900 on Thursday, its 20th record for this year, as the status quo on monetary policy encouraged…
San Miguel posts 244% growth in recurring net income
MANILA, March 26 (PNA) — Diversified conglomerate San Miguel Corp. (SMC) posted a whopping 244-percent surge in profit in 2014 on the back of significant growth across its traditional and new businesses….
Globe extends Free Facebook offer until May 15
MANILA, March 26 (PNA) — After inking an agreement with the leading social media app to make internet.org available to its customers, Globe Telecom Inc. (Globe) on Thursday announced that it has…
Robinsons same-store sales growth projection remains at 2-3%
MANILA, March 26 (PNA) — Robinsons Retail Holdings Inc. (RRHI), the country’s second largest multi-format retailer, expects same-store sales growth this year at 2.0 to 3.0 percent — similar to the growth…
Robinsons Retail to hit 1M loyalty card membership in 2015
MANILA, March 26 (PNA) — Robinsons Retail Holdings Inc. (RRHI), the country’s second largest multi-format retailer, targets to end this year with one million memberships in its loyalty card — Robinsons Rewards…
EPI completes test drill on 40-MW geothermal project in Oriental Mindoro
GUIMARAS, March 26 (PNA) — Emerging Power Inc. (EPI) has completed the test drill for its 40-Megawatt (MW) Montelago geothermal project in Oriental Mindoro. ”EPI has conducted a successful exploration drilling of…
BSP eyes March ’15 inflation range within 2.1-2.9%
MANILA, March 25 (PNA) — The country’s inflation rate is seen to stay within the 2.1-2.9 percent range in March 2015. In a text message to reporters Wednesday, Bangko Sentral ng Pilipinas…
Meralco inks partnership agreement with Cainta for ‘Kuryente Load’, 3 other projects
By Juzel L. Danganan MANILA, March 25 (PNA) — The Manila Electric Company (Meralco) signed Wednesday a partnership agreement with the municipality of Cainta to promote “Kuryente Load” and three other projects….
Ayala Land launches Cebu Php8-B mixed-use project
MANILA, March 25 (PNA) — Property giant Ayala Land, Inc. (ALI) has broken ground on the Php8-billion integrated mixed-use development in Cebu City. The 2.2-hectare project, Central Bloc, will be composed of…
Megaworld’s profit soars 139% to Php21.6-B
MANILA, March 25 (PNA) — Andrew Tan-led property developer Megaworld Corp. posted a whopping 139-percent surge in profit in 2014 on the back of record earnings. In a statement to the Philippine…
President Aquino wants MSMEs to take leading role in country’s growth
By Jelly F. Musico MANILA, March 24 (PNA) -– President Benigno Aquino III on Tuesday underscored the need for micro, small, and medium enterprises (MSMEs) to take a leading role in the…