MANILA, July 21 (PNA) — Local share prices bounced back to 7,600-level on Tuesday as investors went on a buying spree amid easing external threats. The barometer Philippine Stock Exchange index (PSEi)…
Meralco to build Php150-M grid-simulator facility
MANILA, July 21 (PNA) -– The Manila Electric Company (Meralco) will build a Php150 million grid-simulator facility called “Power Tech” in its main office in Ortigas, Pasig City. ”The Power Tech (facility)…
Increase in retail market participants at WESM driven by surge of contestable customers
MANILA, July 21 (PNA) — Retail market participants registered at the Wholesale Electricity Spot Market (WESM) have grown to 428 from 240 last year driven by the surge of contestable customers (CCs),…
Meralco to penetrate RE generation
By Juzel L. Danganan MANILA, July 21 (PNA) — The Manila Electric Company (Meralco) will penetrate the renewable energy industry soon, through a new subsidiary, which will seek renewable energy (RE) prospects…
BDO completes One Network Bank acquisition
MANILA, July 21 (PNA) — Sy-led Banco de Oro Unibank Inc. (BDO) has completed the acquisition of Davao City-based One Network Bank Inc. (ONB). In a disclosure with the Philippine Stock Exchange…
Exporters group welcomes President Aquino’s newly signed laws
By Kris M. Crismundo MANILA, July 21 (PNA) — The Philippine Exporters Confederation Inc. (Philexport) has welcomed two new economic reforms after President Benigno S. Aquino III signed on Tuesday the Philippine…
Globe to acquire entire Bayantel stake for Php1.83-B
MANILA, July 21 (PNA) — Telecommunications giant Globe Telecom, Inc. (Globe) on Tuesday announced it is acquiring the entire stake of Bayan Telecommunications, Inc. (Bayantel) for approximately Php1.83-billion. “Globe has agreed to…
Megaworld spending Php20-B for 12 office towers in Fort Bonifacio; 10 towers near completion
By Leslie D. Venzon MANILA, July 21 (PNA) — Property developer Megaworld Corp. is spending Php20 billion to complete 12 new office buildings in Fort Bonifacio over the next three years that…
Phoenix Petroleum gains consolidated net income of Php425-M in H1 ’15
MANILA, July 21 (PNA) -– Phoenix Petroleum Philippines has gained a consolidated net income of Php425 million for the first half (H1) of 2015. In a disclosure from the Philippine Stock Exchange…
Agreement to implement single-ticketing system for Muntinlupa-Cavite Expressway, SLEX signed
By Leslie D. Venzon MANILA, July 21 (PNA) — Conglomerate Ayala Corp. (AC) and operators of toll roads located in south of Manila on Tuesday signed an agreement to implement a single-ticketing…
Road connecting 2 regions nears completion
NUEVA ERA, Ilocos Norte, July 21 (PNA) — The construction of the Ilocos Norte-Abra Road which will serve as a gateway to two regions is nearing completion. Atty. Aldrin Garvida, Nueva Era…
Road and infrastructure database eyed for Western Visayas
ILOILO CITY, July 21 (PNA) -– The expansion of the Coordinating Roads and Investments for Development (CR+ID) project in three provinces of Western Visayas is expected to bring about a road and…
Military denounces killing of 3 militiamen in Misamis Oriental
CAMP EVANGELISTA, Cagayan de Oro City, July 21 (PNA) -– The military on Tuesday denounced the communist New People’s Army (NPA) for the killing of three militiamen in the hinterlands of Gingoog…
7 Maguindanao food poisoning victims remain in hospital
COTABATO CITY, July 21 (PNA) — Seven of the 28 victims of food poisoning in Sultan Kudarat, Maguindanao remained in the hospital, authorities said. Mayor Shameen Mastura of Sultan Kudarat town said…
Tacloban council mulls more measures to aid recovery
TACLOBAN CITY, July 21 (PNA) — The city council here has vowed to to be more responsive to the needs of super typhoon Yolanda survivors in the next remaining months before the…