MANILA, June 30 (PNA) — The locally listed Calata Corporation and Japanese firm Marubeni Corporation have entered into an agreement to test the latter’s chemical products in the local market. In a…
Category: Business & Economy
PEZA signs MOA with FDA to simplify licensing, inspection, registration processes
MANILA, June 30 (PNA) — The Philippine Economic Zone Authority (PEZA) on Monday signed a memorandum of agreement with the Food and Drugs Administration (FDA) to streamline processes in licensing, inspection, and…
Megawide, PhilCarbon eye to develop RE projects
MANILA, June 30 (PNA) — Publicly-listed Megawide Construction Corporation and PhilCarbon Inc. are eyeing to develop renewable energy (RE) projects in the country. In a disclosure to the Philippine Stock Exchange (PSE)…
PHL is rising economic tiger in Asia, says Spanish envoy
By Marilyn E. Galang BALER, Aurora, June 30 (PNA) — The Philippines is now emerging as the “rising economic tiger of Asia” from being the “sick man of Asia,” Spanish Embassy Charge…
PHL exporters urged to look into increasing specific trade concerns
By Kris M. Crismundo MANILA, June 28 (PNA) — Philippine exporters were urged to look into increasing specific trade concerns (STCs) in the global market to continue and enhance trade ties with…
Sta. Lucia Land gets Php 130-M reservation sales on lake community in Iloilo
MANILA, June 26 (PNA) — Sta. Lucia Land Inc. (SLI) has registered a total of Php 130 million worth of reservation sales for its Green Meadows Iloilo Phase I, the listed firm…
Stocks, peso up anew
MANILA, June 26 (PNA) — The country’s stock market continued to rise and the peso performed better on Thursday on back of better outlook for the global economy. The Philippine Stock Exchange…
EEI Corporation signs NEPC Power Construction Corporation to build new coal-fired power plant
MANILA, June 26 (PNA) — The Equipment Engineers Inc (EEI) Corporation has signed with the First Northeast Electric Power Engineering (NEPC) Power Construction Corporation to be the company’s contractor for the construction…
President Aquino graces 25th anniversary of Megaworld Corporation
MANILA, June 26 (PNA) — President Benigno S. Aquino III on Wednesday graced the 25th anniversary celebration of property developer Megaworld Corporation and lauded the company for its achievements and contribution to…
Stocks up, peso ends Wednesday sideways vs USD
MANILA, June 25 (PNA) — The Philippine Stock Exchange index (PSEi) sustained its gains Wednesday and the peso closed sideways to a US dollar. The main stock index rose by 0.61 percent…
Metro Pacific Investments Corporation to buy 5 percent of Meralco
MANILA, June 24 (PNA) — Metro Pacific Investments Corporation (MPIC) on Tuesday announced its intention to solely purchase the 5 percent stake in Meralco (Manila Electric Company) from their joint venture with…
Habito eyes PHL growth between 6.8-7.5% in ‘14
By Joann Santiago MANILA, June 24 (PNA) — The reconstruction and rehabilitation spending along with continued resiliency of remittances from Filipinos overseas made former National Economic and Development Authority (NEDA) Director General…
Changes in foreign ownership rule not the only way to help boost FDIs to PHL
By Joann Santiago MANILA, June 24 (PNA) — The Philippines has gone a long way in attracting foreign direct investments (FDIs) with the 2013 expansion posted at 24 percent year-on-year. Data released…
PHL economic growth attracts investors to come here, Japanese businesses in ASEAN say
By Kris M. Crismundo MANILA, June 24 (PNA) — The Philippine economic growth is attracting investments in the country, said Federation of Japanese Chamber of Commerce and Industry in ASEAN (FJCCIA) at…
Aboitiz Power buys LiMA Utilities Corp for PhP1.3-B
MANILA, June 19 (PNA) — The Aboitiz Power Corporation (AP) bought Aboitiz Land’s Batangas-based LiMa Utilities Corporation (LUC) for Php1.3 billion based on a disclosure with the Philippine Stock Exchange (PSE) Thursday….