By Juzel L. Danganan MANILA, Nov 4 (PNA) – AES Philippines said Wednesday it has started the construction of a 10-megawatt (MW) energy storage facility in Masinloc, Zambales. The facility, which is…
Category: Business & Economy
Negosyo Center sets series of trainings in Zamboanga City
ZAMBOANGA CITY, Nov. 4 (PNA) -– The Negosyo Center, in keeping with its mandate, has lined up series of trainings for this month in this city. The Center’s mandate is to provide…
Property developer Italpinas sees profits doubling in 2016
By Leslie D. Venzon MANILA, Nov. 4 (PNA) — Property developer Italpinas Development Corp. (IDC), which is planning to list in the local bourse next month, expects to almost double its profits…
Banking, property businesses lift SMIC’s 9-month profit by 7%
MANILA, Nov. 4 (PNA) — Philippine conglomerate SM Investments Corporation (SMIC) grew its profit by 7 percent in the first nine months of 2015 due to higher contribution from banking, property and…
PHL software industry sees up to 25% growth in 2015
By Kris M. Crrismundo MANILA, Nov. 4 (PNA) — The local software industry is projected to grow by 20 to 25 percent this year with recent developments in the domestic market, Philippine…
10 Facts on APEC Initiatives for Micro, Small, and Medium Businesses
By Kris M. Crismundo MANILA, Nov. 3 (PNA) — With the Asia Pacific Economic Cooperation (APEC) 2015 theme of “Building Inclusive Economies, Building a Better World”, the Philippines — as this year’s…
PSEi extends rally on Wall St. gains
By Leslie D. Venzon MANILA, Nov. 3 (PNA) — Local share prices extended their winning streak to a second session above 7,200-level on Tuesday on upbeat market sentiment after a rally on…
PEZA-like zones eyed in ARMM
By Kris M. Crismundo MANILA, Nov. 3 (PNA) — While waiting for the enactment of the Bangsamoro Basic Law (BBL), the government must look into some initiatives to increase economic development in…
Bloomberry posts PHP1.5-B loss in Jan-Sept
MANILA, Nov. 3 (PNA) — Bloomberry Resorts Corporation, owner and operator of Solaire Resort and Casino and Jeju Sun Hotel & Casino, booked a net loss of PHP1.51 billion in first nine…
EPI, NPC ink subsidy agreement for two ECs in Mindoro
By Juzel L. Danganan MANILA, Oct. 30 (PNA) — Renewable energy developer Emerging Power, Inc. (EPI) and state-owned National Power Corporation (NAPOCOR) signed the Universal Charge for Missionary Electrification (UCME) agreement with…
NEA first GOCC to bag Island of Good Governance
By Juzel L. Danganan MANILA, Oct 30 (PNA) – The National Electrification Administration (NEA) was recognized as the first government owned and controlled corporation (GOCC) to bag the Island of Good Governance…
Domestic liquidity continues to expand in September
MANILA, Oct. 30 (PNA) — Preliminary data show that domestic liquidity (M3) grew by 8.5 percent year-on-year in September 2015 to reach Php7.8 trillion. This was slightly slower than the 9.0-percent expansion…
Bank Lending continues to grow
MANILA, Oct. 30 (PNA) — Growth of outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the BSP, slowed down to 12.5 percent in September from 14.1 percent in…
DHL Express invests almost Php80-M in new south service center
MANILA, Oct 30 (PNA) — DHL Express, the world’s leading services and logistics provider, has invested Php79.2 million in a new South Service Center in Las Piñas City to expand its network…
Gains from City of Dreams lift Belle Corp’s profit by 80%
MANILA, Oct. 30 (PNA) — Belle Corporation, a property and gaming unit of SM Investments Corp., booked an 80-percent increase in profit in the first nine months of 2015 on the back…