By Leslie D. Venzon MANILA, Nov. 16 (PNA) — The benchmark Philippine Stock Exchange index (PSEi) is expected to hit 7,800 next year after regaining the 7,400 level by the end of…
Month: November 2014
Sultan Kudarat police on alert ahead of 16th Kalimudan Festival
TACURONG CITY, Nov. 16 (PNA) – Police authorities in Sultan Kudarat have tightened security measures ahead of the 16th Kalimudan Festival celebrating the 41st anniversary of the province. The week-long merriment will…
Australia says G20 to surpass extra 2% growth target
BRISBANE, Australia, Nov. 16 (PNA/Xinhua) — Australia said on Sunday that the G20 nations would surpass a target to lift global growth by an additional 2 percent by 2018 as world leaders…
Pres. Aquino signs EO 173 granting reduction of real property taxes on IPPs
MANILA, Nov. 16 (PNA) – President Benigno S. Aquino III has signed Executive Order No. 173 granting reduction and condonation of real property taxes and interests as well as penalties assessed on…
DAR turns over Php37-M worth of projects in Biliran
ALMERIA, Biliran, Nov. 12 (PNA) – The Department of Agrarian Reform (DAR) has turned over more than Php37- million worth of rural development projects in two Biliran towns. Ismael Aya-ay, DAR assistant…
Solon lauds Ilocos wind power project
BURGOS, Ilocos Norte, Nov. 12 (PNA) — A lawmaker from the second district of Oriental Mindoro has lauded the operation of Ilocos wind power project, with the recent commission of the 150-megawatt…
ARMM children to fly kites to show stand vs violence, conflict
COTABATO CITY, Nov. 12 (PNA) — More than 13,000 children from the Autonomous Region in Muslim Mindanao (ARMM) will simultaneously fly their kites from their assigned areas on November 25 to amplify…
First Metro ends the 3rd quarter of 2014 with Php 1.87-B income
MANILA, Nov. 12 (PNA) — First Metro Investment Corporation, the investment banking arm of the Metrobank Group, realized consolidated net income of Php 1.87 billion for the third quarter of 2014, Php…
Aboitiz inks agreement with American firm to develop 300MW solar farm in PHL
By Juzel L. Danganan MANILA, Nov 12 (PNA) – Aboitiz Renewables Inc., a subsidiary of Aboitiz Power Corporation, has signed a joint-framework agreement with SunEdison Inc. to put up a 300 Megawatt…
Globe’s net income in the first 9 months of the year up by 198%
MANILA, Nov. 12 (PNA) — Globe Telecom, Inc. on Tuesday announced that its net income surged to Php 10.5 billion in the first nine months of the year, 198 percent higher against…
President Aquino hopes Congress would focus on important legislation
BEIJING, China, Nov. 12 (PNA) — President Benigno S. Aquino III said he wished the Senate investigation on Vice President Jejomar Binay would conclude soon so legislators could focus on pressing issues….
PHL APEC hosting, infrastructure spending seen to boost 2015 economic growth
By Leslie D. Venzon MANILA, Nov. 12 (PNA) — The Philippines hosting of the Asia Pacific Economic Cooperation (APEC) Summit and higher infrastructure spending are crucial for achieving a seven to eight-percent…
ASEAN’s efforts at economic integration create more opportunities for businesses
SINGAPORE, Nov. 12 (PNA/Bernama) — The Association of South-East Asian Nations’ (Asean) efforts at economic integration have helped to anchor the grouping’s relevance to the world, said Singapore Minister for Trade and…
AGPI investing Php459M to put up 11 power plants in Palawan
By Juzel L. Danganan MANILA, Nov. 12 (PNA) –AQA Global Power Inc. (AGPI), a local firm engaged in construction and power generation, is studying the possibility of putting up 11 hydroelectric power…
Phl stocks surge on upbeat US market, domestic earnings
By Leslie D. Venzon MANILA, Nov. 12 (PNA) –- The local stock market advanced on Wednesday for a second straight day of domestic corporate earnings and tracking rally in the United States…