MANILA, Feb. 10 (PNA) — Publicly-listed property developer Century Properties Group expects Php2.5 billion in sales from its new office developments as it continues expanding its commercial property portfolio on the back…
Category: Business & Economy
Cebu Pacific passenger target hits 17.5% growth
MANILA, Feb. 10 (PNA) — Low-cost carrier Cebu Pacific has acquired a 17.5 percent growth of passengers flown in 2014, compared to its data in the same period in 2013. “Last January,…
Globe board OKs cash dividend for shareholders
By Azer N. Parrocha MANILA, Feb. 10 (PNA) — Ayala-led Globe Telecom on Tuesday said it has approved the distribution of a cash dividend of Php 20.75 per common share. The telco…
PSEi posts another record-high, peso down
By Joann Santiago MANILA, Feb 9 (PNA) — The local bourse ended Monday’s trade at another record-high despite the weakening of the Philippine peso. The Philippine Stock Exchange index (PSEi) gained 0.70…
Meralco targets 27 projects for 2016 CAPEX application for ERC’s approval
MANILA, Feb. 9 (PNA) — The Manila Electric Company (Meralco) is targeting 27 projects for its 2016 Capital Expenditures (Capex) plan, according to its filed Capex application to the Energy Regulatory Commission…
DBS eyes no change in BSP’s key rates this week
MANILA, Feb. 9 (PNA) — Bright prospects for the Philippines’ economy this year along with low-inflation environment made DBS discount any changes in the Bangko Sentral ng Pilipinas’ (BSP) key rates this…
PSEi slumps on overseas developments
MANILA, Feb. 5 (PNA) –- Local share prices retreated anew on negative developments overseas. The barometer Philippine Stock Exchange index (PSEi) lost 41.82 points to 7,674.24 from 7,716.06 close. Jun Calaycay, analyst…
RFM’s net income rose 10 percent to Php 863 M in 2014
By Leslie D. Venzon MANILA, Feb. 5 (PNA) — Net income of food and beverage company RFM Corp. reached Php 863 million in 2014, a 10-percent increase from Php 784.54 million the…
Oscar Sarmiento Construction bags EPCC deal for 6-MW Malogo Hydroelectric Power Plant in Silay , Negros Occidental
By Juzel L. Danganan MANILA, Feb 5 (PNA) — Vivant-Malogo Hydropower Inc. (VMHI) has signed the Engineering, Procurement, Construction and Commissioning (EPCC) contract for the 6-megawatt (MW) Malogo Hydroelectric Power Plant, according…
PTT Phils to supply Cebu Pacific with Php 5-B worth of Jet A-1 fuel this year
By Juzel L. Danganan MANILA, Feb. 5 (PNA) — Under a signed deal, PTT Philippines will supply Cebu Pacific with 225 million liters of Jet A-1 fuel for this year, worth Php…
Internet provides small businesses, entrepreneurs big opportunities, says Google policy manager
CLARK FREEPORT, Angeles City, Feb. 4 (PNA) — The Internet is becoming an important and growing driver of the global economy, a policy manager for Google’s Public Policy and Government Affairs said…
Gov’t eyes allowing domestic-oriented firms in PEZA
By Kris M. Crismundo MANILA, Feb. 4 (PNA) — The government considers giving incentives to companies catering to the domestic market inside the Philippine Economic Zone Authority (PEZA) which will also enjoy…
PHL stocks hit 8th all-time high above 7,700 on bullish sentiment
By Leslie D. Venzon MANILA, Feb. 4 (PNA) –- The stock market rallied to its eighth record close this year after reaching above 7,700 level on Wednesday, as investors bet on the…
Moody’s eyes rise of cross-border issuance among PHL companies
By Joann Santiago MANILA, Feb. 4 (PNA) — Moody’s Investors Service forecasts more cross-border issuance among Philippines’ corporates in the near term with demand for these instruments remaining strong on back of…
High energy cost affecting country’s information technology – business process management competitiveness
CLARK FREEPORT ZONE, Angeles City, Feb. 4 (PNA) — The Philippines is losing to India in some areas in information technology and business process management (IT-BPM) because of the high cost of…