By Leslie D. Venzon MANILA, Nov. 17 (PNA) — The local stock market ended a nine-day losing streak on Tuesday as it tracked a rally in the United States and Asian bourses…
Category: Business & Economy
Uber to offer one-day chopper service in PHL on Nov. 21
By Azer N. Parrocha MANILA, Nov. 17 (PNA) — Application-based ride-sharing service Uber is offering a one-day chopper experience, UberChopper this weekend. Uber said it has partnered with a local company that…
Uber exec lauds Abaya for being first DOTC chief to roll out ride-sharing regulations in PHL
By Azer N. Parrocha MANILA, Nov. 16 (PNA) — Uber Vice President of Policy and Strategy David Plouffe on Monday praised Department of Transportation and Communications (DOTC) Secretary Joseph Emilio Abaya for…
BCDA ties up with Swedish gov’t, firms to develop Clark Green City
By Kris M. Crismundo MANILA, Nov. 16 (PNA) — The state-owned Bases Conversion and Development Authority (BCDA) has tied up with Swedish government-owned IVL Swedish Environmental Research Institute (IVL) and two Swedish…
DMCI Holdings sees record profit at Php12-B in 2015
By Leslie D. Venzon MANILA, Nov. 16 (PNA) — Diversified engineering conglomerate DMCI Holdings, Inc. expects a record profit of Php12 billion this year, 25 percent higher from previous year’s Php10 billion,…
Remittances to PHL bounce back in September ’15
By Joann Santiago MANILA, Nov. 16 (PNA) — Cash remittances from Filipinos overseas posted a big jump in September 2015 when it grew by 4.3 percent year-on-year against the previous months 0.6…
First Gen net income down by 26% or USD 43-M YoY
MANILA, Nov. 16 (PNA) – Lopez-led First Gen Corp. has posted a lower net income attributable to equity holders of the parent at USD 120 million for the past nine months this…
Philippines remains attractive to APEC investors –CEO survey
By Leslie D. Venzon MANILA, Nov. 16 (PNA) — The Philippines remains an attractive investment destination among companies from the Asia-Pacific Economic Cooperation (APEC) economies given its large domestic market and high…
Ayala Land eyes Php90-B capex in 2016
By Leslie D. Venzon MANILA, Nov. 15 (PNA) — Property giant Ayala Land Inc. (ALI) is planning to earmark up to Php90 billion in capital expenditures for 2016 to support continued aggressive…
House approves renewal of Millawave franchise for another 25 years
MANILA, Nov. 15 (PNA) — The House of Representatives has approved on second reading a measure renewing the franchise of the Millawave Systems Corporation (Millawave) to construct, establish, install, maintain and operate…
Asia-Pacific free trade area should override TPP, other trade deals
MANILA, Nov. 14 (PNA/Sputnik) — The Beijing-promoted Free Trade Area of the Asia-Pacific (FTAAP) between all 21 member states of the Asia-Pacific Economic Cooperation (APEC) organization should have priority over other trade…
Housing developer 8990 Holdings’ 9-month profit hits Php3.2 B
By Leslie D. Venzon MANILA, Nov. 13 (PNA) — Listed mass housing developer 8990 Holdings Inc. posted a 12-percent increase in profit in the first three quarters of 2015 on the back…
Cebu Pacific offers 50% off seat sale on all destinations until weekend
MANILA, Nov 13 (PNA) — Low-cost carrier Cebu Pacific (CEB) is offering a 50 percent off discount to passengers who purchase seats until this weekend or until seats last. CEB said that…
PHL October ’15 hot money returns to net inflows
MANILA, Nov. 13 (PNA) — The Philippines’ foreign portfolio investments posted a reversal in October 2015 after netting inflows amounting to US$ 28 million, the second net inflows since February this year…
Php 12-B project eyes PEZA accreditation
ILOILO CITY, Nov. 13 (PNA) — This southern city is perking up with a soon to be Information Technology Park in a 16-hectare mixed use area along the Benigno Aquino Avenue in…