MANILA, March 24 (PNA) — President Benigno Aquino III on Tuesday reiterated the government’s commitment to put in necessary infrastructure that would ensure the sustained growth of the domestic economy. In his…
Category: Business & Economy
Conglomerates laud government’s PPP initiative
MANILA, March 24 (PNA) — Philippine conglomerates participating in the major infrastructure projects under public-private partnership (PPP) scheme on Tuesday lauded the government for carrying out successful PPP projects, noting its implementation…
SMC set to undertake Php 13.1-B SLEX extension project
TIAONG, Quezon, March 24 (PNA) — Diversified conglomerate San Miguel Corporation (SMC) is undertaking the Php 13.1-billion Southern Luzon Expressway-Toll Road 4 (SLEX TR4) project, a four-lane, 58-kilometer highway extending from Santo…
Shell, Seaoil to rollback gas by P1.10/liter, diesel by .95 centavos/liter
By Juzel L. Danganan MANILA, March 23 (PNA) — Pilipinas Shell Petroleum Corp. (PSPC) and Seaoil Philippines Inc (SPI) will rollback pump prices of gasoline by Php1.10 per liter and diesel by…
Smart offers bigger data volume allowance for early customers of Samsung Galaxy S6, S6 edge data plans
MANILA, March 23 (PNA) — Smart Communications, Inc. (Smart) on Monday announced that it is giving early customers of the new Samsung Galaxy S6 and S6 edge smartphones significantly more data volume…
Record sales lift Robinsons Retail’s profit by 30%
MANILA, March 23 (PNA) — Robinsons Retail Holdings Inc. (RRHI) of retail tycoon John Gokongwei posted a 29.5-percent increase in profit in 2014 driven by strong sales which climbed to a record…
Globe bags multiple Stevies, Quills for its customer experience initiatives
MANILA, March 23 (PNA) — Ayala-led Globe Telecom Inc. (Globe) has bagged a number of coveted Stevie and Quill awards for its innovative and relevant engagements for its customers. Launched in 2014…
Meralco targets 100,000 additional prepaid meters this year
By Juzel L. Danganan MANILA, March 23 (PNA) – Manila Electric Company (Meralco) is targeting to have another 100,000 prepaid meters for this year, on top of its previous 40,000 meters filed…
PSE index extends rally to sustain 7,800-mark
MANILA, March 23 (PNA) — Philippine share prices sustained its win streak for a third day on Monday following the United States’ equities rally. The benchmark Philippine Stock Exchange index advanced 22.11…
Meralco opens for local partners on 1,200-MW Atimonan coal power plant
By Juzel L. Danganan MANILA, Mar 22 (PNA) – Manila Electric Company (Meralco) Chairman Manny Pangilinan said the company is open for local partners for its 1,200 Megawatt (MW) Atimonan coal power…
Insurance firm eyes OFWs as clients for its online app
By Digna D. Banzon DAVAO CITY, March 22 (PNA) — The first online insurance store is eyeing the Overseas Filipino Workers (OFWs) as market for its first online application to avail of…
PPA reports net income of PhP 4.26-B for 2014
By Priam F. Nepomuceno MANILA, March 22 (PNA) — Despite congestion woes affecting its Manila facilities, the Philippine Ports Authority (PPA) recorded a net income of PhP 4.26 billion for 2014, or…
Ayala to invest Php8B for new mall, hotel, BPO towers in Cebu
By Eddie O. Barrita CEBU CITY, March 22 (PNA) — Real estate giant Ayala Land Inc. will invest around P8 billion for a 2.2-hectare mixed-use project inside its own development, the 24-hectare…
Globe, PLDT cited as among ‘best managed’ telcos in PHL
By Azer N. Parrocha MANILA, March 21 (PNA) –FinanceAsia Magazine cited two Philippine telecommunication companies as among the best managed public companies in the country and in the region. FianceAsia said a…
PHL exporters urged to explore Sweden’s booming food market
MANILA, March 21 (PNA) — Philippine exporters are urged to explore the booming food market in Sweden. Department of Foreign Affairs (DFA) International Economic Relations undersecretary Laura del Rosario mentioned that there…