BACOLOD CITY, March 20 (PNA) — Considered the biggest real estate investment in Negros Occidental so far, Megaworld Corp.’s Php 35-billion development projects in this city are expected to create new business…
Category: Business & Economy
Booming PHL construction activities attracts growth of foreign players
MANILA, March 20 (PNA) — Foreign players in the Philippine market that are supplying for construction industry are also benefitting from the booming sector. Embassy of Malaysia Trade Office (MATRADE) Manila commissioner…
Resorts World Manila operator’s profit hits Php5.45B in 2014
By Leslie D. Venzon MANILA, March 20 (PNA) — Travellers International Hotel Group, Inc. (TIHGI), owner and operator of Resorts World Manila (RWM), posted a doubling of profits in 2014 driven by…
PHL earns USD 90-M in world’s largest food expo
MANILA, March 20 (PNA) — The country’s initial earnings at the Gulfood 2015 — the world’s largest annual food and hospitality show held in Dubai — reached USD 90 million, said Department…
Palace official vows sustained efforts to fuel PHL’s economic growth
By Joann Santiago MANILA, March 19 (PNA) — A Palace official on Thursday said fiscal reforms and efforts to further improve Philippines’ competitiveness will continue to be implemented to sustain the economy’s…
Megaworld to build 2 Bacolod townships for Php35-B
MANILA, March 19 (PNA) — Listed property developer Megaworld Corp. is investing Php35 billion in the next 10 years to build two townships in Negros Occidental. In a statement to the Philippine…
PSE index regains 7,800 level on Fed’s interest rates stance
MANILA, March 19 (PNA) –- The local stock market rallied back to the 7,800-mark on Thursday along with global markets, as investors cheered the Federal Reserve’s statement that indicated a slower pace…
Economic managers cite Fitch’s new affirmation of PHL’s credit ratings
By Joann Santiago MANILA, March 18 (PNA) — Philippine economic officials on Wednesday hailed Fitch Ratings affirmation of the country’s credit ratings. This after the debt watcher affirmed the country’s ‘BBB-‘ long-term…
Fitch Ratings affirms ‘BBB’ ratings on PHL
By Joann Santiago MANILA, March 18 (PNA) — Fitch Ratings on Wednesday affirmed its investment grade ratings on the Philippines on the back of sustained improvement in the country’s economic fundamentals. To…
Avida Land office condominium project eyes Php4.4-B in sales
MANILA, March 18 (PNA) — Avida Land Inc., the mid-market brand of listed property giant Ayala Land Inc., targets to generate Php4.4 billion in sales from its new office condominium project located…
Peso further weakens vs U.S. dollar
MANILA, March 18(PNA) — The Philippine peso depreciated anew to a dollar Wednesday as investors await announcements from the Federal Open Market Committee (FOMC) after its two-day meeting ends later in the…
Roxas Pacific Bioenergy Corp acquires 26.70% of San Carlos Bioenergy Inc.
MANILA, March 18 (PNA) — Roxas Holdings Inc.’s subsidiary Roxas Pacific Bioenergy Corporation (RPBC) has signed an agreement to acquire 26.70 percent of San Carlos Bioenergy Inc (SCBI). ”Please be informed that…
Consumer awareness level at its peak in 2 years
MANILA, March 17 (PNA) — Consumer awareness level of Filipinos has reached its highest in two years according to the Department of Trade and Industry (DTI). In an e-mail, DTI said the…
Petron’s income drops to Php3-B in 2014 due to oil price crash
MANILA, March 17 (PNA) — With the crash of oil prices in the second half of 2014, Petron Corporation’s income also dropped from Php5.1 billion in 2013 to Php3 billion in 2014….
PSE index recovers
MANILA, March 17 (PNA) –- The local stock market recovered from a two-day slump on Tuesday, tracking Wall Street’s lead ahead of United States Federal Reserve’s meeting this week. The benchmark Philippine…