By Robert Maico CARMONA, Cavite City, Feb. 26 (PNA) — BEMAC Electric Transportation Philippines, Inc. will increase production of its e-vehicles (EVs) at its Carmona, Cavite plant, from 500 to 1,000 units…
Category: Business & Economy
DTI welcomes completion of ATI’s system upgrading of container terminal in Batangas
BATANGAS CITY, Batangas, Feb. 26 (PNA) — The Department of Trade and Industry (DTI) welcomes the completion of the system upgrading by the Asian Terminals Inc. (ATI) of the Batangas Container Terminal,…
Metro Pacific sets Php58.2-B capex for 2015; profit up 18% in 2014
By Leslie D. Venzon MANILA, Feb. 26 (PNA) — Infrastructure conglomerate Metro Pacific Investments Corporation (MPIC) is increasing its capital expenditure to 6.2 percent to Php58.2 billion this year, bulk of the…
IT jobs pay highest salary — JobStreet.com
By Kris M. Crismundo MANILA, Feb 26 (PNA) — Job positions in information technology (IT) pay the highest salary, according to JobStreet.com’s 2015 Salary Report. In a briefing on Thursday, JobStreet.com marketing…
Ayala Land unit sees Php4.4-B sales from Makati office condominium dev’t project
MANILA, Feb. 26 (PNA) –- Listed property giant Ayala Land Inc. affiliate Alveo Land expects Php4.4 billion in sales from its first office condominium development project located at its mixed-use development, Circuit…
PSE index sets 17th record close
MANILA, Feb. 25 (PNA) –- The local stock market notched its 17th all-time high on Wednesday after Federal Reserve chair Janet Yellen signalled likelihood of interest rate increases. The benchmark Philippine Stock…
Meralco seeking joint-venture partner in 1,200-MW Atimonan coal power project
By Juzel L. Danganan MANILA, Feb 25 (PNA) — The Manila Electric Company-Powergen Corporation (MGen) is seeking a joint-venture partner for its 1,200-megawatt (MW) Atimonan Coal-Fired Power Project in Quezon province, announced…
BSP need not to hike rates when Fed does –- HSBC economist
By Joann Santiago MANILA, Feb. 25 (PNA) — An HSBC economist said the Bangko Sentral ng Pilipinas (BSP) does not need to adjust its key rates once the Federal Reserve does since…
PHL stocks hit 16th record close
MANILA, Feb. 24 (PNA) –- Local share prices rallied Tuesday to new all-time high, its sixth day in a row, as investors placed bets on lower oil prices. The barometer Philippine Stock…
Lepanto initiates arbitration proceedings vs DENR for non-renewal of MPSA
By Juzel L. Danganan MANILA, Feb. 24 (PNA) — Lepanto Consolidated Mining Co. will initiate the arbitration proceedings against the Department of Environment and Natural Resources (DENR) for not renewing the firm’s…
54-MW wind farm connects to Meralco’s transmission line
MANILA, Feb. 24 (PNA) — Alternergy Wind One Corp’s 54-Megawatt (MW) wind farm has successfully connected to Manila Electric Company’s (Meralco’s) transmission line. ”Last week, the Pililla wind farm successfully interconnected with…
New real estate player pours P5B to build 1,600 seaside condo units in Lapu-Lapu
CEBU CITY, Feb. 24 (PNA) — A new player in Cebu’s real estate industry will invest P5 billion to develop 1,600 seaside condominium units inside an old resort in Lapu-Lapu City. Tytans…
Trans-Asia Oil-Energy Development Corporation reports net income of Php180-M
MANILA, Feb. 24 (PNA) — Trans-Asia Oil-Energy Development Corporation (EDC) has earned Php180 million in 2014, according to a disclosure with the Philippine Stock Exchange (PSE). ”Please be informed that at the…
Forum Energy postpones oil survey in Recto Bank
By Juzel L. Danganan MANILA, Feb. 24 (PNA) — Forum Energy Plc. has postponed its oil and gas survey in the disputed Recto Bank in the West Philippine Sea during summer upon…
BSP open to keep key rates steady in most of 2015
By Joann Santiago MANILA, Feb. 24 (PNA) — The current low inflation environment along with strong domestic growth and low oil prices give the Bangko Sentral ng Pilipinas (BSP) a leeway to…