MANILA, Oct. 3 (PNA) — Property conglomerate SM Prime Holdings, Inc. clinched three major awards recognizing its malls in China. SM Prime was awarded with the Mall China Golden Mall Awards 2014…
Category: Business & Economy
PLDT Group extends free Internet offer to postpaid and broadband subscribers till January
MANILA, Oct. 3 (PNA) — The Philippine Long Distance Telephone Company (PLDT) announced Friday that its free Internet offer to all of their prepaid, postpaid and broadband subscribers is extended from November…
Export Development Council sees above 8% exports revenue in 2014
By Kris M. Crismundo MANILA, Oct. 3 (PNA) — The Export Development Council (EDC) is seeing exports revenue to grow by more than 8.0 percent this year, Department of Trade and Industry-Bureau…
PTT Phils sells 4M liters of Jet Fuel to Cebu Pacific
MANILA, Oct 2 (PNA) — PTT Philippines has sold 4 million liters of jet fuel to Cebu Pacific, worth Php 170 million, which will be delivered in a year’s time. “Three hundred…
PHL game development industry attracts global interest in Canada roadshow –DTI
By Kris M. Crismundo MANILA, Oct. 2 (PNA) — The country’s game development industry has attracted the interest of the global players at the External Development Summit (XDS) in Vancouver, Canada, the…
PHL shares plunge anew on Fed concern
By Leslie D. Venzon MANILA, Oct. 3 (PNA) –- Local share prices plunged for a second day on Thursday concerns over the end of the United States Federal Reserve’s bond buying program….
Domestic trade up 16% in Q2 to Php170-B
By Kris M. Crismundo MANILA, Oct 2 (PNA) — Value of commodity flow in the domestic market during the second quarter of the year has increased by 16.4 percent to Php170.2 billion…
Completion of US$ 1.1-B Bayshore City Resorts World seen to boost PHL tourism
By Leslie D. Venzon MANILA, Oct. 1 (PNA) — Travellers International Hotel Group Inc. on Wednesday started the construction of the US $ 1.1-billion Bayshore City Resorts World at the Entertainment City…
PSALM turns over Naga Power Plant to Salcon Corporation
MANILA, Oct. 1 (PNA) — The Power Sector Assets and Liabilities Management (PSALM) Corporation on Thursday (25 September 2014) turned over the 153.1-megawatt (MW) Naga Power Plant to its new owner, SPC…
MRT-3 simplified bidding avoided interruption of train services — Abaya
By Sammy F. Martin MANILA, Oct. 1 (PNA) — Transportation and Communications Sec. Joseph Emilio Abaya on Wednesday said he was forced to arrange a simplified bidding on the maintenance service for…
Manufacturing to continue to lead PHL growth this year — DTI
MANILA, Oct. 1 (PNA) — Food and electronics will be among the top driver of the manufacturing sector, which in turn will continue to propel the country’s economic growth for the remaining…
NEDA chief: Gov’t needs Php2.06 trillion to fund 952 infra projects
By Kris M. Crismundo MANILA, Sept. 30 (PNA) — The Philippine government’s 952 infrastructure projects for the second half of President Benigno S. Aquino III’s term requires an investment of some Php2.06…
Peso recovers vs USD, PSEi further rise
By Joann Santiago MANILA, Sept. 30 (PNA) — Investors’ decision to take profit enabled the Philippine peso to recover despite breaching the Php45-level to a dollar mid-trade and the local bourse to…
BIR targets to issue BCC by November/December ‘14
By Joann Santiago MANILA, Sept. 30 (PNA) — The Bureau of Internal Revenue (BIR) targets to release by November or December this year the Broker Clearance Certificate (BCC) in line with the…
DOTC still pushing Sangley as general aviation hub
By Azer N. Parrocha MANILA, Sept. 30 (PNA) — The Department of Transportation and Communications (DOTC) on Tuesday maintained it is still pushing efforts to turn Sangley Point in Cavite into a…