MANILA, Dec 11 (PNA) — Roxas Holdings Inc (RHI) and Global Business Power Corporation (GBPC) has inked a Memorandum of Understanding (MOU) for the Front-End Engineering Design (FEED) study of a 40…
Category: Business & Economy
Globe pushes for greener cell sites
By Azer N. Parrocha MANILA, Dec. 11 (PNA) — Telco giant Globe Telecom Inc. (Globe) on Thursday said it has equipped majority of its cell sites with various solutions that further strengthen…
Six companies exhibit solar products at DOE headquarters
MANILA, Dec. 11 (PNA) — For the 2014 Solar Expo, six companies have exhibited their solar products at the Department of Energy (DOE) headquarters Thursday. In a statement Thursday, the DOE said…
BSP cuts inflation forecast for 2014-16 as risks become more manageable
By Joann Santiago MANILA, Dec. 11 (PNA) — Philippine monetary officials on Thursday slashed their inflation projection for 2014 to 2016 based on their assessment of a more manageable inflation environment in…
Globe customer base grows 18% to 45.4 M
By Azer N. Parrocha MANILA, Dec. 10 (PNA) — Ayala-led Globe Telecom Inc. (Globe) on Wednesday said that it has sustained its customer growth momentum during the first nine months this year,…
Philex Mining Corp and Silangan Mindanao Exploration Company issues P 7.2 billion worth of convertible notes
MANILA, Dec 10 (PNA) — Philex Mining Corporation and Silangan Mindanao Exploration Company Inc (SMECI) have approved the issuance of Php 7.2 billion worth of convertible notes. “The Board of Directors of…
PHL stocks slip below 7,200
MANILA, Dec. 9 (PNA) –- The local stock market fell for a third day below 7,200 on Tuesday following a sell-off on Wall Street. The barometer Philippine Stock Exchange index (PSEi) lost…
RCBC chief eyes BSP to keep rates steady
By Joann Santiago MANILA, Dec 9 (PNA) — Further deceleration of the country’s inflation rate made Rizal Commercial Banking Corporation (RCBC) President and Chief Executive Officer (CEO) Lorenzo Tan forecast that monetary…
Filinvest raises Php7-B from bond sale
MANILA, Dec. 4 (PNA) — Filinvest Land Inc., the property development unit of the Gotianun family, successfully raised Php7 billion from the issuance of unsecured fixed-rate peso retail bonds. “The bonds were…
Globe’s revenues breach Php10-B mark in Q3
MANILA, Dec. 4 (PNA) — Ayala-led Globe Telecom Inc. on Thursday announced that its revenues breached the Php10 billion mark for the first nine months of the year, making it the dominating…
Php15 B worth of Luzon hydro power projects in the pipeline
By Juzel L. Danganan MANILA, Dec 4 (PNA) — Fifteen billion pesos worth of hydro-electric power projects in Luzon rated at 100 megawatts (MWs) are in the pipeline for AVGarcia Power Systems…
ERC awards provisional authority for Trans-Asia’s 54 MW San Lorenzo Wind Farm Project grid connection
MANILA, Dec 4 (PNA) — The Energy Regulatory Commission (ERC) has awarded a provisional authority for Trans-Asia Renewable Energy Corporation’s (TAREC) 54-megawatt (MW) San Lorenzo Wind Farm Project to connect it to…
PHL GDP growth at above 6% until 2016 — ICAEW report
By Kris M. Crismundo MANILA, Dec. 4 (PNA) — The Philippine economy will remain as the fastest growing economy in Southeast Asia until 2016, the Institute of Chartered Accountants in England and…
Globe Telecom revamps management team
MANILA, Dec. 3 (PNA) — Globe Telecom on Wednesday said that it has made some changes in its management this month. In a statement, the Ayala-led telco said that its Senior Advisor…
Cebu Pacific offers lower fares for direct HK-Boracay flights
MANILA, Dec. 3 (PNA) – Low-cost carrier Cebu Pacific Air on Wednesday introduces its latest seat sale on its thrice weekly direct services to Kalibo, the international gateway to Boracay. As part…