MANILA, July 4 (PNA) — Inflation rate slowed to 4.4 percent in June 2014 from 4.5 percent in May, supporting a manageable and within-target outlook for the year, according to the National…
Category: Business & Economy
FPH extends buy-back program till July 2016
By Juzel L. Danganan MANILA, July 3 (PNA) — The First Philippine Holdings Corporation (FPH) is extending the implementation of the company’s buy-back program from July 2014 till 2016, based on a…
PSEi up amid inflation worries; peso ends sideways
MANILA, July 3 (PNA) — The Philippine stock market as well as the peso continued to enjoy on Thursday the recent positive manufacturing reports overseas despite concerns on possible uptick of domestic…
Greenergy Holdings Inc. purchases 310-M unissued shares of Sunchamp Real Estate Development Corp.
MANILA, July 3 (PNA) – Greenergy Holdings Inc. (GHI) has purchased 310 million unissued shares of Sunchamp Real Estate Development Corp., according to a disclosure to the Philippine Stock Exchange (PSE) Thursday….
Palace conducting review of SMC’s bid for CALAX project
By Leslie D. Venzon MANILA, July 3 (PNA) — Malacanang is reviewing the appeal of conglomerate San Miguel Corp. (SMC) to reconsider its bid for the P35.4-billion Cavite-Laguna Expressway (CALAX) project. “In…
Greenergy Holdings Incorporated executes deeds with ThomasLloyd Cleantech
By Juzel L. Danganan MANILA, July 2 (PNA) — Philippines’ Greenergy Holdings Incorporated (GHI) has executed its deed of absolute sale with German firm ThomasLloyd Cleantech Infrastructure Fund GMBH (CTF) for Biomass…
EDC appoints Wilfredo Malonzo as Head of Strategic Contracting
MANILA, July 2 (PNA) — The Energy Development Corporation (EDC) has appointed Wilfredo Malonzo, outgoing vice president for Supply Chain Management Group, as the new Head of Strategic Contracting. Based on a…
Peso, stocks up on positive manufacturing data overseas
MANILA, July 2 (PNA) — Both the Philippine peso and the local bourse posted improvements Tuesday on back of the report about US manufacturing sector’s expansion last June. The peso ended at…
Singapore’s Interflour Group pours in $ 30-M investment in Subic
By Malou Dungog SUBIC BAY FREEPORT, July 2 (PNA) — Singapore-based Interflour Group Pte Ltd. (Interflour), one of the producers of the finest flour in the world, will be building its Philippine…
Greenergy Holdings Incorporated sells 60 percent stake at Biomass Holdings Inc. to Thomas Lloyd Cleantech
MANILA, July 1 (PNA) — Greenergy Holdings Incorporated has fully sold their dominating stake of 60 percent in Biomass Holdings Inc. to Thomas Lloyd Cleantech Infrastructure Fund, based on a disclosure with…
PHL, EFTA economic ties seen to boost after JDC signing
By Kris M. Crismundo MANILA, July 1 (PNA) — As the Philippines and four-member states of the European Free Trade Association (EFTA) inked a Joint Declaration on Cooperation (JDC) during the last…
SPC to build two 100-megawatt power plants in Naga City, Cebu
CEBU CITY, July 1 (PNA) — The SPC Power Corp. Tuesday announced its plan to build two Greenfield 100-megawatt (MW) power plants inside the Naga Power Plant Complex in the City of…
BPI exec eyes up to 75 bps hike in domestic interest rates in next 12 months
By Joann Santiago MANILA, July 1 (PNA) — An executive of the Bank of the Philippine Islands (BPI) forecasts up to 75 basis points increase in domestic interest rates in the next…
PSE to use NASDAQ technology by mid-‘15
MANILA, July 1 (PNA) — The Philippine Stock Exchange (PSE) will again change it trading platform by the middle of 2015 by adopting NASDAQ OMX technology in lieu of NSC V900 of…
MIAA, air carriers ink agreement including terminal fee in airline ticket costs
By Azer N. Parrocha MANILA, July 1 (PNA) — After a series of negotiations, the Manila International Airport Authority (MIAA) and international air carriers signed on Tuesday an agreement including terminal fee…