By Azer N. Parrocha MANILA, Sept. 5 (PNA) — Autre Porte Technique Global Inc. (APT Global) will remain the maintenance provider of the Metro Rail Transit (MRT) 3 after its contract was…
Category: Business & Economy
DBS sees PHL August ’14 inflation to hit 5%
By Joann Santiago MANILA, Sept. 4 (PNA) — DBS Bank forecasts the August 2014 rate of price increases in the Philippines to hit five percent, the upper end of the government’s three…
Lopez’s FPH to join bidding for PPP water supply project in Bulacan
MANILA, Sept 4 (PNA) — Lopez-led First Philippine Holdings Corporation (FPH) will join bidding for a public-private partnership water supply project in Bulacan, the listed firm disclosed at the Philippine Stock Exchange…
Aboitiz Power closes offer for P10-B long-term bonds
By Juzel L. Danganan MANILA, Sept. 4 (PNA) — Aboitiz Power Corporation has closed the offering for fixed rate retail Series B bonds that will have an annual interest worth 6.1 percent….
First Philippine Holdings Corp to bid for Bulacan Bulk Water Supply Project
MANILA, Sept. 4 (PNA) — First Philippine Holdings Corporation (FPHC) has announced its upcoming bid for the Bulacan Water Supply Project, along with an unnamed partner. “The Board of Directors of First…
Adjudication of terminal market stalls nears completion
By Lydia C. Pendon ILOILO CITY, Sept. 3 (PNA)– Adjudication of more than 1,000 market stalls at the Iloilo terminal market will soon be completed and city mayor Jed Patrick Mabilog will…
BSP launches exhibit on financial fraud and scam
CEBU CITY, Sept. 3 (PNA) — The Bangko Sentral ng Pilipinas launched in Cebu Tuesday an exhibit to increase public awareness on financial fraud and scam. BSP assistant governor Johnny Noe Ravalo…
Purisima forecasts influx of more foreign investors to PHL vis-à-vis hike in global competitiveness position
By Joann Santiago MANILA, Sept. 3 (PNA) — Finance Secretary Cesar Purisima is confident of the entry of more foreign investments in the Philippines following further improvement in the country’s ranking in…
Century Properties raises Php2.7-B from maiden retail bond offering
MANILA, Sept. 2 (PNA) — Locally-listed property firm Century Properties Group Inc. has raised a total of Php2.7 billion funds after the completion of maiden bond retail offering. “The company initially targeted…
PSEi up, peso down on external factors
By Joann Santiago MANILA, Sept 2 (PNA) — A play of anticipations for a possible cut in the European Central Bank’s (ECB) key rates and the political worries in China among others…
Globe Telecom showcases LTE CA, LTE eMBMS technologies in forum
MANILA, Sept. 2 (PNA) — Globe Telecom on Tuesday forum showcased the latest Long-Term Evolution (LTE) technologies in line with its advocacy to promote and develop innovative products and services. LTE is…
DOE wants review of SC ruling on use of Malampaya fund
By Juzel L. Danganan MANILA, Sept. 2 (PNA) — The Department of Energy (DOE) urged for a review of the Supreme Court (SC) ruling regarding the use of Malampaya fund, in order…
Abad optimistic on increasing budget gap via higher spending on infra, social protection programs
By Joann Santiago MANILA, Sept 2 (PNA) — While some advance countries are trying to address ballooning budget deficit the Philippines, on the other hand, is facing some hurdles on meeting its…
PHL yet to consider retaliation on tobacco case vs. Thailand
By Kris M. Crismundo MANILA, Sept. 1 (PNA) — The Philippines has yet to consider asking the World Trade Organization (WTO) for retaliation against Thailand on tobacco case. In a WTO meeting…
BOC seven-month revenue collection grows 18%
MANILA, September 1 (PNA) — Revenue collection of the Bureau of Customs (BOC) in the first seven months of 2014 grew by 18 percent or Php203.86 billion year-on-year. In a statement, the…