MANILA, July 10 (PNA) — Trans-Asia Oil and Energy Development Corporation (TA) has landed three hydropower service contracts with a total supply capability of 320 Megawatts (MWs) located in Luzon. Based on…
Category: Business & Economy
PHL industry production surpasses 10% growth forecast
By Kris M. Crismundo MANILA, July 10 (PNA) — Industry production in May 2014 has increased by 13.8 percent, surpassing the 10 percent growth forecast of Moody’s Analytics. In Monthly Integrated Survey…
PHL FDIs reach USD 597M in April ’14, end-April net inflow at USD 2.4B
By Joanne Santiago MANILA, July 10 (PNA) — Significant jump in investments in private company-issued debt instruments helped boost foreign direct investments (FDIs) to the Philippines in April 2014. Data released by…
PHL exports grow by 6.9% in May ’14
MANILA, July 10 (PNA) — Philippine exports grew by 6.9 percent in May 2014 and overall outlook for the rest of the year continues to be upbeat, according to the National Economic…
DBM releases P3-B for agri equipment, facilities
By Lilybeth G. Ison MANILA, July 9 (PNA) — The Department of Budget and Management (DBM) has released some P2.94 billion to the Department of Agriculture (DA) to fund the construction and…
Japan’s R&I further upgrades investment grade rating for PHL
By Joann Santiago MANILA, July 9 (PNA) — Japanese debt watcher Rating and Investment Information Inc. (R&I) on Wednesday upgraded a notch its investment grade long-term foreign currency issuer rating on the…
Megaworld builds P45-B McKinley West beside Forbes Park
MANILA, July 8 (PNA) — Catering to Metro Manila’s upscale market, property giant Megaworld is developing McKinley West, an “ultra high-end” township on a 34.5-hectare former JUSMAG property in Fort Bonifacio that…
Manulife Philippines Group ranks 3rd for combined total premium income in 2013
MANILA, July 8 (PNA) — The Manulife Philippines Group – composed of The Manufacturers Life Insurance Co. (Phils.), Inc. (“Manulife Philippines”) and Manulife Chinabank Life Assurance Corporation (“MCBL”) – ranked 3rd in…
Greenergy Holdings Inc. purchases 27-M shares from Agrinurture Inc.
MANILA, July 8 (PNA) — Greenergy Holdings Incorporated (GHI) has purchased 27 million shares from an Agrinurture Inc (ANI) stockholder, worth P113,744,736 million. Based on a disclosure with the Philippine Stock Exchange…
Security Bank raises P10B from sale of Basel III Tier 2 Notes
MANILA, July 7 (PNA) — Security Bank Corporation (Security Bank) was able to raise P10 billion after offering 10-year Basel III-compliant Tier 2 Notes. In a disclosure with the Philippine Stock Exchange…
China Bank gets regulator’s thumbs up to declare cash dividend
MANILA, July 7 (PNA) — China Banking Corporation (China Bank) has received the approval of the Bangko Sentral ng Pilipinas (BSP) for the declaration of cash dividend. In a disclosure with the…
NDC, PNOC RC to put up mini-hydropower plant
MANILA, July 7 (PNA) — Department of Trade and Industry’s (DTI) attached agency, National Development Company (NDC), and the Philippine National Oil Company Renewables Corporation (PNOC RC) will partner to put up…
EDC’s Bacman Unit 2 goes offline for the whole of July
By Juzel L. Danganan MANILA, July 7 (PNA) — The 20-megawatt (MW) Unit 2 generating facility of the Energy Development Corporation’s (EDC’s) Bacon-Manito (Bac-Man) Geothermal Production Field in Bicol Region is undergoing…
PHL manufacturing growth seen at 10%
MANILA, July 4 (PNA) — Moody’s Analytics, a division of Moody’s Corporation, has forecast that the Philippines’ manufacturing sector to grow by 10 percent for the month of May. This is prior…
Vitarich completes 15-year corporate rehab, seeks court approval
MANILA, July 4 (PNA) — Locally listed feeds maker Vitarich Corporation has completed its 15-year corporate rehabilitation proceedings which started in 2007 and now seeks for court’s approval for early rehabilitation exit….