MANILA, March 11 (PNA) — Aboitiz Power Corporation’s (APC’s) net income went down by 10 percent from Php 18.6 billion in 2013 to Php 16.7 billion in 2014. “APC reported a percent…
Category: Business & Economy
Registering for GIs on local goods, services improve PHL export value to EU
By Kris M. Crismundo MANILA, March 11 (PNA) — The Philippines must prepare its goods and services to be registered for geographical indications (GIs) in order for the country to improve export…
PHL stocks slip below 7,800 after Wall Street decline
By Leslie D. Venzon MANILA, March 11 (PNA) –- The local stock market fell below 7,800 level on Wednesday, dragged down by Wall Street’s decline overnight, as investors were worried about rising…
Shell to explore options on Pandacan
By Juzel L. Danganan MANILA, March 11 (PNA) — Shell Companies in the Philippines (SCIP) said Wednesday it will explore legal options on the Supreme Court’s (SC) final decision regarding the Pandacan…
IT-BPM industry speaks on incentives rationalization
By Kris M. Crismundo MANILA, March 11 (PNA) — The information technology-business process management (IT-BPM) industry has its position on the rationalization of fiscal incentives being pushed by the Committee on Ways…
Globe leads PHL broadband with 22% revenue growth
By Azer N. Parrocha MANILA, March 11 (PNA) — Broadband revenues of Ayala-led Globe Telecom Inc. (Globe) rose to Php 12.7 billion last year, up by 22 percent from Php 10.4 billion…
Ayala Land P6-B development in Bacolod seen to generate at least 4,000 jobs
BACOLOD CITY, March 5 (PNA) -– The P6-billion shopping mall, hotel, and residential condominium development of Ayala Land Inc. (ALI) in this city dubbed Capitol Central is expected to generate at least…
Globe, Google partnership allows free Internet access on android phones
By Azer N. Parrocha MANILA, March 5 (PNA) — Ayala-led Globe Telecom Inc. (Globe) announced on Thursday that it has partnered with the United States internet-service company Google to allow its customers…
First PHL subway, vehicle inspection system projects endorsed for President’s approval
TAGAYTAY CITY, March 4 (PNA) — The Public-Private Partnership (PPP) Center will endorse two infrastructure projects, including the Php 370-billion Mass Transit System Loop (MTSL), for approval by the National Economic and…
SM profit jumps to Php28.4-B in 2014
By Leslie D. Venzon MANILA, March 4 (PNA) — Philippine conglomerate SM Investments Corp. (SM) booked a 3.65-percent increase in profit in 2014 on the back mainly of its banking and property…
Iloilo BPO firms employ 10,500; need 5,000 more
ILOILO CITY, March 4 (PNA) — The business process outsourcing (BPO) industry in this city presently employs some 10,540 workers and still looking for 5,000 qualified individuals. Joeven C. Tansi, deputy executive…
Home builder plans to build 2nd MRB project in Davao City
DAVAO CITY, March 4 (PNA) — One of the country’s biggest home builders is exploring the possibility of putting up its second medium rise building (MRB) project in downtown Davao City. While…
Robinson Malls to house DTI, SB Corp business centers in Sta Rosa, Cainta and Dasmariñas
By Robert Maico CALAMBA City, Laguna March 4 (PNA) — Department of Trade and Industry (DTI) Calabarzon informed Philippine News Agency (PNA) that business centers of the Department of Trade and Industry…
Business group supports CENECO move to extend delivery date of local power producer
BACOLOD CITY, March 3 (PNA) — The Metro Bacolod Chamber of Commerce and Industry (MBCCI) expressed support to the move of Central Negros Electric Cooperative (CENECO) giving extension to the delivery date…
DTI Calabarzon sets new record as tops in business name registration
CALAMBA CITY, Laguna, March 3 (PNA) –- The Department of Trade and Industry (DTI) office in Calabarzon reported to have the highest number in new business name registrations, overtaking the National Capital…