By Leslie D. Venzon MANILA, Feb. 17 (PNA) — Listed seafood processor Alliance Select Foods International Inc. on Tuesday said it expects to raise up to Php 1 billion from its stock…
Category: Business & Economy
DOE to auction off Renewable Energy sites on Feb. 23
By Juzel L. Danganan MANILA, Feb. 16 (PNA) — The Department of Energy (DOE) will hold its first Renewable Energy (RE) service contract (SC) bidding , through Open and Competitive Selection Process…
PHL stocks climb to 11th record high this year
MANILA, Feb. 16 (PNA) –- The local stock market reached a new record high on Monday near 7,800, its 11th so far this year, on strong domestic growth prospects and global uptrend….
Ayala Land sees 20% profit growth this year
By Leslie D. Venzon MANILA, Feb. 16 (PNA) — Property giant Ayala Land, Inc. (ALI), the property firm of the Ayala conglomerate, expects an average 20-percent profit growth this year as the…
10-MW hydro power project to push through in Ilagan City
By Villamor Visaya Jr. CITY OF ILAGAN, Feb. 16 (PNA) — The ten-megawatt hydro-electric power plant in this city will push through as approved despite the withdrawal of the same oil development…
PEMC ready to lower cap on Retail Competition, Open Access to 750-kW from 1-MW
By Juzel L. Danganan MANILA, Feb. 15 (PNA) — The Electricity Market Operator, Philippine Electricity Market Corporation (PEMC) is ready to lower the Retail Competition and Open Access (RCOA) cap to 750-kilowatts…
Northwind to put up solar project on wind farm lot in Bangui, Ilocos Norte
By Juzel L. Danganan MANILA, Feb. 15 (PNA) — Northwind Power Development Corporation is planning to put up a 2-Megawatts (MW) solar project in their wind farm lot in Bangui, Ilocos Norte,…
Cebu hotel maintains rosy outlook in 2015
By Eddie O. Barrita CEBU CITY, Feb. 15 (PNA) — The Cebu City Marriott Hotel maintains a rosy outlook for the hotel business this year, projecting a growth of 4.5 percent, an…
Robinsons Land to open Robinsons Galleria Cebu later this year
CEBU CITY, Feb. 15 (PNA) — Real estate giant Robinsons Land Corp. (RLC) will open Robinsons Galleria Cebu, its biggest mall outside Metro Manila, later in the year. Robinsons Galleria Cebu, which…
Puregold acquires Aurora’s 1st shopping mall cum commercial complex
By Jason de Asis BALER, Aurora, Feb. 15 (PNA)–NE Baler, the first shopping mall cum commercial complex in the province is now under a new management. Retail magnate Lucio Co of the…
Trans-Asia surrenders Benguet Hydropower Service Contract to DOE
By Juzel L. Danganan MANILA, Feb. 13 (PNA) -– Trans-Asia Oil and Energy Development Corporation has surrendered its 10-megawatt (MW) Benguet Hydropower Service Contract (SC) with the Department of Energy (DOE). ”Please…
Life insurance industry posts rise in ’14 net income
By Joann Santiago MANILA, Feb. 13 (PNA) — Net income of the Philippines’ life insurance industry further expanded in 2014 as more Filipinos realize the importance of having peace of mind during…
PSE index hits 10th record high
By Leslie D. Venzon MANILA, Feb. 13 (PNA) –- Local share prices continued their bull run and closed to their tenth record high this year near 7,800 on Friday, as investors cheered…
CA orders inspection of PHC books
By Perfecto T. Raymundo MANILA, Feb. 13 (PNA) — The Court of Appeals (CA) has upheld the ruling of a Makati City Regional Trial Court (RTC) ordering the inspection of books of…
PSE index surges anew above 7,700
By Leslie D. Venzon MANILA, Feb. 12 (PNA) –- The local stock market surged and regained the 7,700 level on Thursday after the central bank decided to maintain its key policy rates….