By Juzel L. Danganan MANILA, March 17 (PNA) – Manila Electric Company (Meralco) Vice President and Economics Utility Head Larry Fernandez confirmed Tuesday that generation charge will increase by 46 centavos per…
Category: Business & Economy
Strong consumer demand lifts Cosco profit by 20% to PHP4B in 2014
MANILA, March 17 (PNA) — Lucio Co’s listed retail conglomerate Cosco Capital Inc. on Tuesday said its profit soared by 20 percent in 2014 due to the strong consumer demand. In a…
Barclays eyes recovery of OFW remittance inflows in February ‘15
By Joann Santiago MANILA, March 16 (PNA) — Growth of remittance inflows to the Philippines posted its six-year low of 0.5 percent year-on-year in January 2015 but Barclays said this is not…
BDO Unibank raising Php 5-B from LTNCD issue
By Leslie D. Venzon MANILA, March 16 (PNA) — Listed BDO Unibank Inc. started issuing on Monday another tranche of long-term negotiable certificates of deposit (LTNCD) to raise up to Php 5…
GCash, Gate Distribution Inc. and ECPay seal deal for more cash-in outlets in PHL
By Azer N. Parrocha MANILA, March 16 (PNA) — Globe Telecom Inc. subsidiary and operator of GCash, G-Xchange (GXI) announced on Monday its partnership with Gate Distribution Inc. and ECPay in line…
PHL share prices extend slump
MANILA, March 16 (PNA) –- Local share prices extended their slump to a second straight day on Monday, as investors await interest rate decision at the United States Federal Reserve’s meeting this…
PHL to pursue more reforms to boost growth, cut poverty –NEDA
By Leslie D. Venzon MANILA, March 13 (PNA) — The Philippine government will continue pursuing reforms, including reducing further the cost of doing business, in an effort to support economic growth crucial…
First Gen profit up 64% in 2014; Avion gas-fired plant ready this year
By Leslie D. Venzon MANILA, March 13 (PNA) — First Gen Corp., the power generation firm of the Lopez Group, booked a whopping 64-percent surge in profit in 2014 on the back…
PNB ATMSafe can help bank depositors deal with ATM theft
MANILA, March 13 (PNA) — With the recent news of widespread ATM scams across the country, securing your ATM card has never been this necessary. As reported by various media outlets, hundreds…
Finance Sec. Purisima lauds SEC and CISI collaboration
MANILA, March 13 (PNA) — Finance Secretary Cesar V. Purisima lauded the agreement between the Securities and Exchange Commission (SEC) and the Chartered Institute for Securities and Investment (CISI) to explore areas…
Lower oil prices to buoy exports revenue amid strong peso
By Kris M. Crismundo MANILA, March 13 (PNA) — The decrease in oil prices that will result to lower prices of electricity and production cost to exporters will keep afloat exports revenue…
Paramount earmarks Php 600M for 3 residential projects in south Cebu
By Eddie O. Barrita CEBU CITY, March 12 (PNA) — Cebu-based developer Paramount Property Ventures Inc., (PPVI) has earmarked some Php 600 million for capital expenditures (capex) this year for the development…
AEV to finish construction of 8-MW biomass power plant by 2016
By Juzel L. Danganan MANILA, March 12 (PNA) — Aboitiz Equity Ventures subsidiary, Aseagas Corporation will finish its construction of an 8-Megawatt (MW) biomass power plant by 2016, according to its Chief…
Filinvest to launch Php16-B residential projects this year; profit up 16% in 2014
By Leslie D. Venzon MANILA, March 12 (PNA) — Filinvest Land, Inc. (FLI), the real estate firm subsidiary of Gotianun-led Filinvest Development Corp., targets to launch an additional Php16 billion worth of…
Real property developer targets Php2-B production in SoMin this year
DAVAO CITY, March 12 (PNA) — After a good production year in 2014, the Filinvest Land Inc. (FLI) increased its production for Southern Mindanao this year to Php2 billion. Filinvest First vice…