MANILA, Feb. 4 (PNA) — Lucio Co’s listed retail conglomerate Cosco Capital Inc. has acquired five commercial properties located in central and northern Luzon. In a disclosure to the Philippine Stock Exchange,…
Category: Business & Economy
Stable power supply, good business environment key to keep PHL economy alfoat
By Juzel L. Danganan MANILA, Feb 4 (PNA) — Energy Undersecretary Zenaida Monsada said stable power supply and a good business environment is vital for the Philippine economy’s gains. ”There are only…
Meralco to add FIT all charge at Php0.04 per kWh this Feb
By Juzel L. Danganan MANILA, Feb. 3 (PNA) — The Manila Electric Company (Meralco) will add the renewable energy (RE) Feed-In-Tariff (FIT) allowance charge of Php0.04 per kilowatthour (kWh) to its consumer…
Aboitiz Power to spend Php 52B to surpass 2,000 MW generating capacity in five years
By Juzel L. Danganan MANILA, Feb. 3 (PNA) – Aboitiz Power Corp. (APC), through its mother company Aboitiz Equity Ventures (AEV), will spend Php 52 billion to hike its power generating capacity…
Make manufacturing as economy’s backbone, PCCI’s Yao says
By Kris M. Crismundo MANILA, Feb. 3 (PNA) — Manufacturing sector should be the backbone of the Philippine economy in order to trickle down the effect of robust gross domestic product (GDP)…
Shareholders sell 5% stake in GT Capital for US$ 222.9-M
MANILA, Feb. 3 (PNA) — GT Capital Holdings, Inc. on Tuesday said its largest shareholders Grand Titan Capital Holdings, Inc. and Ty family members together sold their five-percent stake in the conglomerate…
PSE index extends losses amid profit-taking
MANILA, Feb. 3 (PNA) –- Profit-taking pulled local share prices lower for the second straight session on Tuesday. The benchmark Philippine Stock Exchange index (PSEi) fell 17.56 points to 7,613.15 from previous…
Manila Water’s 950,000 connections now serve 1.24M households in East Zone
MANILA, Feb. 3 (PNA) — Manila Water, an Ayala-led East Zone concessionaire, has installed a total of 27,332 new water service connections in 2014 as part of its continued efforts to further…
Tata Motors considers manufacturing in PHL
By Kris M. Crismundo MANILA, Feb. 2 (PNA) — Indian automaker Tata Motors Ltd. considers manufacturing its vehicles in the Philippines pushed by its increasing sales in the local market. Tata Motor’s…
Century Properties pre-sells 94% of ultra-luxury condominium project in Makati
MANILA, Feb. 2 (PNA) — Century Properties Group, Inc. on Monday said it has pre-sold 94 percent of the total inventory of its ultra-luxury condominium development Trump Tower located in Makati, two…
PHL stocks retreat from record highs
MANILA, Feb. 2 (PNA) –- Local share prices retreated anew as investors pocketed their gains after last week’s record highs, with losses in the United States and European markets overnight also affecting…
Metrobank, UA&P eye recovery of PHL economy in Q4 ‘14
MANILA, Jan 28 (PNA) — Higher electricity sales and double-digit average exports growth in the fourth quarter of 2014 made economists of Metrobank and the University of Asia & the Pacific (UA&P)…
Peso ends sideways vs. USD ahead of FOMC decision, PHL GDP report
By Joann Santiago MANILA, Jan 28 (PNA) — Foreign capital continues to flock to the Philippines to fuel the local currency and the local bourse. This resulted to the peso ending Wednesday…
Megawide-led consortium amends loan deal with banks for Cebu airport project with ADB participation
By Leslie D. Venzon MANILA, Jan. 28 (PNA) — The joint venture of Megawide Construction Corp. and India-based GMR Infrastructure has amended the omnibus loan and security agreement (OLSA) with a consortium…
Exports, consumer spending seen boosting PHL economy in 2015
By Leslie D. Venzon MANILA, Jan. 28 (PNA) — The Philippine economy is expected to strengthen its growth this year on the back of robust consumption and exports data. “We expect more…