By Digna D. Banzon DAVAO CITY, March 3 (PNA) — Davao City’s flowering and ornamental plants are not only a passion for Dabawenyos but also livelihood provider to garden makers or landscapers…
Category: Business & Economy
Bayantel rehab will benefit consumers, telco industry — Globe
MANILA, March 3 (PNA) — Rehabilitation of a public utility is a matter of high state concern, two bigtime telecommunications companies stressed in a joint comment submitted to the Court of Appeals…
PSE index extends gains
MANILA, March 3 (PNA) –- The local stock market extended its winning streak to a second day on Tuesday ahead of the release of the February inflation rate. The benchmark Philippine Stock…
Ayala Land unit sees sustained growth in 2014 at 20%
By Leslie D. Venzon MANILA, March 3 (PNA) — Listed property giant Ayala Land Inc. affiliate Alveo Land expects to maintain its high growth trajectory of at least 20 percent this year…
Aquino administration fires up PHL economy, foreign chambers say
MANILA, March 3 (PNA) — The current administration led by President Benigno S. Aquino III has provided the country a good platform to further leap its economic growth, leaders of the Joint…
SM Group to expand food retail operations in South
By Eddie O. Barrita CEBU CITY, March 2 (PNA) — The SM Group wants to expand its food retail operations in the country’s south, including Cebu as it seeks to get new…
Filinvest to start building six-tower Php4-B high-end Lapu-Lapu residential project in Q2
By Eddie O. Barrita CEBU CITY, March 2 (PNA) — Real estate giant Filinvest Development Corp. (FDC) said it would start building its six-tower high-end residential project in Lapu-Lapu City in the…
Globe partners with Huawei to be the first telco to adopt the SingleSON solution
By Azer N. Parrocha MANILA, March 2 (PNA) — Ayala-led Globe Telecom Inc. (Globe) announced on Monday that it has formalized its newest collaboration with a leading global information and communications technology…
STEAG Unit 2 completes maintenance shutdown
By Juzel L. Danganan MANILA, March 2 (PNA) — German-firm STEAG State Power Inc. (SPI) has completed its maintenance shutdown on its second unit at 6:08 a.m., Monday, fully stabilizing 105-Megawatts (MWs)…
Foreign investments in IPAs reached Php187-B in 2014
By Kris M. Crismundo MANILA, March 2 (PNA) — The Philippine government’s seven investment promotion agencies (IPAs) had drawn a total of Php186.94 billion worth of foreign investments for the full-year of…
Oil price drop dampens Shell’s profits for 2014
By Juzel L. Danganan MANILA, Feb. 27 (PNA) — Pilipinas Shell Petroleum Corp. (PSPC’s) President Ed Chua sees the company’s net loss for 2014 will likely be bigger than the Php 1.2-billion…
GSIS posts 215.8% jump in ’14 net income
By Joann Santiago MANILA, Feb. 27 (PNA) — The Government Service Insurance System (GSIS) reported on Friday a 215.8 percent hike in its net income in 2014 to PhP 140 billion from…
3 real estate giants, holding firm form consortium for Php123.8-B PPP Lakeshore project bid
By Leslie D. Venzon MANILA, Feb. 27 (PNA) — Three real estate giants and a holding firm of the Philippines have formed a consortium to bid for the Php123.8-billion Laguna Lakeshore Expressway…
Ayala Land to hold groundbreaking rites for Bacolod project on March 5
BACOLOD CITY, Feb 27 (PNA) — Property giant Ayala Land Inc. (ALI) will hold the groundbreaking rites for its multi-billion development project on the Capitol property here on March 5. The development…
Meralco to subscribe 300-million shares from Comstech Integration Alliance Inc
MANILA, Feb. 27 (PNA) — The Manila Electric Company (Meralco) will subscribe to 300-million new shares from Comstech Integration Alliance Inc (Comstech) through a shareholder’s agreement (SHA) signed on Thursday. ”Under said…