By Joann Santiago MANILA, Feb 24 (PNA) — The health of the Philippines’ banking system has, time and again, proven itself. In the recent global financial crisis, resiliency of the country’s banks…
Category: Business & Economy
BCDA wants contracts to develop first phase of Clark Green City signed this year
By Leslie D. Venzon MANILA, Feb. 23 (PNA) — Several local and international real estate developers have expressed interests in mixed-use developments, as the government gears up for the 254-hectare first phase…
PSEi hits new record as it tracks Wall Street
By Leslie D. Venzon MANILA, Feb. 23 (PNA) — The local stock market carved its 15th record high this year with a slight rise on Monday, its fifth day in a row,…
Meralco cannot assure zero brownouts with ILP
By Juzel L. Danganan MANILA, Feb. 23 (PNA) — The Manila Electric Company (Meralco) cannot assure a zero brownout during the summer months even with the participation of firms in the Interruptible…
Globe only SEA country telco shortlisted in PR Awards 2015
By Azer N. Parrocha MANILA, Feb. 23 (PNA) — Ayala-led Globe Telecom Inc. (Globe) on Monday announced that the telco was shortlisted in a prestigious public relations (PR) awards ceremony this year….
Cebu Pacific to sell six Airbus A319 aircraft to US airline company
By Azer N. Parrocha MANILA, Feb 23 (PNA) — Low-cost carrier Cebu Pacific on Monday said that the company is set to sell six of its Airbus A319 aircraft to a subsidiary…
Meralco energy sales up by 3.2 percent in 2014, from 34,084 to 35,160 GWh
By Juzel L. Danganan MANILA, Feb 23 (PNA) — The Manila Electric Company’s (Meralco’s) energy sales went up by 3.2 percent in 2014 from 34,084 to 35,160 Gigawatthours (GWh) in 2013. ”The…
Strong sales lift Jollibee’s 2014 profit by 12.7% to Php5.3-B
By Leslie D. Venzon MANILA, Feb. 23 (PNA) — Listed fast food giant Jollibee Foods Corp. (JFC) posted a 12.7-percent surge in profit in 2014 on the back of robust sales growth…
ERC awards Certificate of Compliance to EDC for 150-MW Burgos Wind Project
By Juzel L. Danganan MANILA, Feb. 19 (PNA) — The Energy Regulatory Commission (ERC) has awarded a Certificate of Compliance (COC) to the Energy Development Corporation (EDC) for the operation of its…
PHL stocks log 13th record high in 2015
By Leslie D. Venzon MANILA, Feb. 18 (PNA) –- The local stock market breached Wednesday the 7,800-mark, its 13th record close this year, supported by the country’s strong fundamentals and healthy corporate…
DavNor tops BOI-facilitated investments in 2014
DAVAO CITY, Feb. 18 (PNA) — The amount of investments poured in Davao del Norte topped among all projects facilitated by the Board of Investments (BOI) in the region in 2014. In…
E-Vehicle Alliance sets 4th Electric Vehicle Summit
MANILA, Feb. 18 (PNA) — The Electric Vehicle Alliance (EVA) is now gearing up for the 4th Electric Vehicle Summit that will be held at the Meralco Multi-purpose Hall in Ortigas Avenue,…
RHI, GBPC set to roll-out 40-MW La Carlota biomass project
By Leslie D. Venzon MANILA, Feb. 18 (PNA) — Listed sugar group Roxas Holdings, Inc. (RHI) and Global Business Power Corporation (GBPC) are gearing up to roll out the 40-megawatt cogeneration facility…
PHL posts USD136-M BOP surplus in January ’15
MANILA, Feb. 18 (PNA) — The Philippines registered a USD 136 million in its balance of payments (BOP) position in the first month of 2015. Data released by the Bangko Sentral ng…
Nido Petroleum completes buy-out of Galoc Production Company WLL
By Juzel L. Danganan MANILA, Feb 17 (PNA) — Australian firm Nido Petroleum Ltd. has completed the buy-out of Galoc Production Company WLL from Otto Energy Limited, increasing its stakes in the…