MANILA, Oct. 10 (PNA) — Aboitiz Power Corporation is supporting the Department of Energy’s (DOE’s) conservation efforts through an energy saving plan called “Cebu Unplugged.” “We fully support the Department of Energy’s…
Category: Business & Economy
PHL’s 7-month net FDI inflows surge by 56% to USD 4-B
By Kris M. Crismundo MANILA, Oct. 10 (PNA) — The country’s net foreign direct investment (FDI) inflows in the first seven months of the year surged by 56.1 percent to USD 4.0…
Exports up by 10.5% to USD5.47-B in August
By Kris M. Crismundo MANILA, Oct 10 (PNA) — Exports of goods in August 2014 has increased by 10.5 percent to USD5.47 billion against last year’s same period of USD4.96 billion, the…
PSEi slips below 7,200 as it tracks Wall Street
By Leslie D. Venzon MANILA, Oct. 10 (PNA) –- Local shares tumbled anew on Friday, spurred by a negative lead from Wall Street. The barometer Philippine stock exchange index (PSEi) declined 34.54…
First Philippine Holdings Corp wins case at ICC vs Korean firm
MANILA, Oct. 9 (PNA) — After two years of court hearings, First Philippines Holdings Corporation (FPHC) has won the case against Korean firm Nexolon Corporation Limited at the International Chamber of Commerce…
Manila Water invests P35M in subsidiary
MANILA, Oct. 8 (PNA) — The Manila Water Company Inc. will invest P35 million to its wholly-owned subsidiary. In a disclosure to the Philippine Stock Exchange, Manila Water said its Board approved…
PHL companies expanding presence in UK
By Leslie D. Venzon MANILA, Oct. 8 (PNA) — At least three Filipino companies are expanding their presence in the United Kingdom (UK), affirming their global capabilities. Iain Mansfield, director of the…
Inflation eases to 4.4% in September
MANILA, Oct 8 (PNA) — Headline inflation in September 2014 has eased to 4.4 percent after two consecutive months of hitting the fastest inflation rate for this year at 4.9 percent in…
AirAsia Zest offers promotional fares to celebrate 3rd ‘Best Low-Cost Airline’ win
By Azer N. Parrocha MANILA, Oct. 6 (PNA) – AirAsia Zest announced on Monday that it will start to offer promotional fares for both domestic and international destinations to celebrate yet another…
Bullish outlook seen for PHL stock market
By Leslie D. Venzon MANILA, Oct. 6 (PNA) — The Philippine stock market is expected to show bullish performance until the end of the year and will continue this feat into 2015…
Private sector slightly hikes inflation outlook for ’14 to 4.4%
By Kris M. Crismundo MANILA, Oct. 5 (PNA) — Analysts have projected a slight acceleration in inflation for the full year of 2014, according to the Bangko Sentral ng Pilipinas (BSP) Private…
Ayala Corp. ramps up energy portfolio to help meet PHL’s future electricity demand
By Leslie D. Venzon MANILA, Oct. 5 (PNA) — The power unit of diversified conglomerate Ayala Corp. is venturing into various power projects, including a bigger one with installed capacity of 1,200…
BOI reports Php5.5-B investment in Cebu in Q1 of 2014
CEBU CITY, Oct. 5 (PNA) — The Board of Investments (BOI) office in Cebu registered a total investment of Php5.5 billion for the first quarter of this year. In the January-March quarter,…
Puregold to hold 1st KAINdustriya Convention
By Kris M. Crismundo MANILA, Oct 4 (PNA) — After 11 years of successfully holding Aling Puring Convention for sari-sari store owners, retail giant Puregold will now hold the 1st KAINdustriya Convention…
Bargain-hunting, Wall Street rally lift PHL shares
By Leslie D. Venzon MANILA, Oct. 3 (PNA) — The Philippine stock market rebounded on Friday on bargain-hunting after a two-day slump. The benchmark Philippine stock exchange index (PSEi) increased 50.77 points…