By Juzel L. Danganan MANILA, Nov 24 (PNA) — Aboitiz Power Corp. has assured 96 megawatts (MWs) for the Interruptible Load Program during the foreseen Luzon’s reserve deficit, coming from Retail Electricity…
Category: Business & Economy
The 19-year old Orange apps CEOJade Dela Cruz Miguel
MANILA, Nov 23 (PNA) — “Never stop learning because life never stops teaching.”–those are the words from a saying which the 19-year old CEO shared to his fellow students in a university…
Palace sees continues business confidence for PHL
MANILA, Nov. 22 (PNA) — The Palace said it expects business confidence in the Philippines to continue in the coming years after a new survey found high expectations for the Philippines. The…
Ayala Land to venture into Php 6-B ‘mixed-use’ development at Cebu I.T. Park
CEBU CITY, Nov. 22 (PNA) — Ayala Land Cebu will venture into a Php 6-billion “mixed used development” of Block No. 10 of the Cebu I.T. Park in Barangay Lahug, Cebu City,…
BOI lays new rules for 2014 IPP
By Kris M. Crismundo MANILA, Nov 22 (PNA) –The Board of Investments (BOI) has revised the rules in implementing the 2014 Investments Priorities Program (IPP)in a move to create a more productive…
PHL can benefit on G20’s move to cut remittance cost
By Kris M. Crismundo MANILA, Nov. 18 (PNA) — The G20 economies are eyeing to slash remittance cost in which the Philippines can take advantage of. Australian Embassy Economic Counsellor in Manila…
PSEi closes higher for a third day
MANILA, Nov. 18 (PNA) — Local share prices extended their winning streak for a third day on Tuesday as foreign investors continue to pour in funds into the stock market. The barometer…
MIAA plans to reopen bidding for Php 480-M CCTVs
By Azer N. Parrocha MANILA, Nov. 15 (PNA) — It will take longer for the Ninoy Aquino International Airport (NAIA) to acquire new closed circuit television surveillance (CCTV) systems, an airport chief…
Marubeni Corporation offers to build 200 MW plant in exchange for good Natural Gas price
By Juzel L. Danganan MANILA, Nov. 16 (PNA) — Marubeni Corporation is offering to build a 200 Megawatt (MW) Natural Gas Plant, in exchange for a good gas supply price from the…
PSEi seen to hit 7,400 by year-end; 7,800 in 2015
By Leslie D. Venzon MANILA, Nov. 16 (PNA) — The benchmark Philippine Stock Exchange index (PSEi) is expected to hit 7,800 next year after regaining the 7,400 level by the end of…
First Metro ends the 3rd quarter of 2014 with Php 1.87-B income
MANILA, Nov. 12 (PNA) — First Metro Investment Corporation, the investment banking arm of the Metrobank Group, realized consolidated net income of Php 1.87 billion for the third quarter of 2014, Php…
Aboitiz inks agreement with American firm to develop 300MW solar farm in PHL
By Juzel L. Danganan MANILA, Nov 12 (PNA) – Aboitiz Renewables Inc., a subsidiary of Aboitiz Power Corporation, has signed a joint-framework agreement with SunEdison Inc. to put up a 300 Megawatt…
Globe’s net income in the first 9 months of the year up by 198%
MANILA, Nov. 12 (PNA) — Globe Telecom, Inc. on Tuesday announced that its net income surged to Php 10.5 billion in the first nine months of the year, 198 percent higher against…
PHL APEC hosting, infrastructure spending seen to boost 2015 economic growth
By Leslie D. Venzon MANILA, Nov. 12 (PNA) — The Philippines hosting of the Asia Pacific Economic Cooperation (APEC) Summit and higher infrastructure spending are crucial for achieving a seven to eight-percent…
AGPI investing Php459M to put up 11 power plants in Palawan
By Juzel L. Danganan MANILA, Nov. 12 (PNA) –AQA Global Power Inc. (AGPI), a local firm engaged in construction and power generation, is studying the possibility of putting up 11 hydroelectric power…