By Leslie D. Venzon MANILA, Nov. 27 (PNA) — The Philippine economy accelerated by 5.3 percent in the third quarter of 2014 from seven percent during the same period last year, mitigated…
Category: Business & Economy
Meralco signs PSA with EDC’s Bacman Geothermal Inc. for 50 MWs
MANILA, Nov. 26 (PNA) — The Manila Electric Company (Meralco) has signed a Power Supply Agreement (PSA) for 50 Megawatts (MW) with Energy Development Corporation’s (EDC’s) Bacman Geothermal Inc (BGI). ”BGI shall…
EDC unit seals power supply deal with MERALCO
By Leslie D. Venzon MANILA, Nov. 26 (PNA) — Listed Energy Development Corp.’s (EDC) subsidiary concluded on Wednesday the execution of an agreement for the supply of electricity to the Manila Electric…
Phoenix Petroleum to sell Php1.5-B commercial papers
MANILA, Nov. 26 (PNA) — Publicly-listed independent oil company Phoenix Petroleum Philippines Inc. (PPPI) will issue short term commercial paper (STCP) of up to Php1.5 billion, proceeds from the offering will be…
PHL to attract more FDIs for hosting APEC Meetings in ’15 — Oxford
MANILA, Nov. 26 (PNA) — Foreign direct investments (FDIs) to the Philippines are expected to increase vis-à-vis the country’s hosting of the Asia Pacific Economic Cooperation (APEC) Summit Meetings 2015. Oxford Business…
Solar Philippines targets 100 MWs for 2015
By Juzel L. Danganan MANILA, Nov 25 (PNA) — As the Luzon summer reserve deficit comes nearer and nearer, Solar Philippines targets 100 Megawatts (MWs) worth of photovoltaic installations by 2015, according…
PHL posts trade surplus in September
By Kris M. Crismundo MANILA, Nov 25 (PNA) — The Philippines has posted trade surplus of USD280.97 million in September 2014, a turnaround from last year’s deficit of USD663 million. This is…
Honda PHL eyes 20% sales growth on CRV
MANILA, Nov. 25 (PNA) — The local arm of Japanese car maker Honda Motor Co., Ltd. is eyeing to increase the sale of Honda CRV in the Philippine market after launching the…
PTT eyes more transactions with generation and mining sectors by 2015
By Juzel L. Danganan MANILA, Nov. 25 (PNA) — Thailand’s state-owned PTT Philippines Corporation Plc. is eyeing more mining and power plant fuel supply transactions by 2015, said PTT Phils Corp Plc…
Imports growth to remain positive in 2014; despite decline in September – NEDA
MANILA, Nov. 25 (PNA) — Imports growth is seen to remain positive for 2014 albeit its recorded contraction by 2.6 percent in September, according to the National Economic and Development Authority (NEDA)….
PSBank ranked by Asian Banker as Strongest Savings Bank in the country
MANILA, Nov 24 (PNA) — Philippine Savings Bank (PSBank), the savings bank arm of the Metrobank Group, was ranked fifth strongest bank in the Philippines by The Asian Banker in its AB500…
Foreign flows, earnings seen to continue driving the PHL stock market
By Leslie D. Venzon MANILA, Nov. 24 (PNA) — The Philippine stock market will continue to offer long-term potential even as it consolidates, with foreign flows and third-quarter corporate earnings still the…
PHL stocks continue to recover
MANILA, Nov. 24 (PNA) — Local share prices staged a good recovery on Monday after China reduced interest rates over the weekend. The barometer Philippine Stock Exchange index (PSEi) increased 48.95 points…
Energy chief reiterates new terms for Malampaya
By Juzel L. Danganan MANILA, Nov 24 (PNA) — Energy Secretary Carlos Jericho Petilla has repeated that terms with Shell Philippines Exploration BV (SPEX) as an operator of Service Contract (SC 38)…
BOC revenue growth streak continues for 10th straight month
MANILA, Nov. 24 (PNA) — The Bureau of Customs (BOC) posted an increase of 22.6 percent in its collection of over Php34 billion for the month of October as compared to the…