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Megaworld to build P8-billion estate along Lake Caliraya in Laguna
MANILA, Philippines – Andrew Tan-led Megaworld Corporation, through its leisure estate unit Global-Estate Resorts Incorporated (GERI), unveiled plans to build an integrated lifestyle community by the...
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TransCo open to creating 3rd telco player with China Telecom
MANILA, Philippines – State-run National Transmission Corporation (TransCo) put its name forward as a possible partner for China Telecom Corporation Ltd in a bid to establish a long-sought after 3rd...
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Koreans, Chinese are top PH tourists in first 10 months of 2017
MANILA, Philippines – South Korean and Chinese tourists were the top visitors to the Philippines from January to October this year, according to the Department of Tourism (DOT).Data released by the DOT...
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ADB upgrades Philippine GDP growth forecast for 2017, 2018
MANILA, Philippines – The Asian Development Bank (ADB) upgraded its growth outlook for the country for 2017 and 2018, as the government's massive infrastructure drive finally started to take hold.The...
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DOJ indicts Washington Sycip’s son, Alliance execs
MANILA, Philippines— The Department of Justice (DOJ) has found probable cause to file charges against the son of the late Washington Sycip and other officers of tuna canning firm Alliance Select Foods...
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Robinsons Retail invests in BeautyMNL operator
MANILA, Philippines – Gokongwei-led Robinsons Retail Holdings Incorporated (RRHI) expanded its e-commerce presence by investing in an online beauty and wellness shop.In a disclosure to the Philippine...
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Fed's Yellen says no risks to stability 'flashing red' as markets boom
WASHINGTON DC, USA – Amid booming stock markets that have hit repeated records, and soaring bitcoin, US Federal Reserve Chair Janet Yellen said Wednesday, December 13, she does not see any risks to...
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UnionBank sets out to hack PH banking with digital transformation
Aboitiz-led Union Bank of the Philippines, like most of the big banks in the country, is embracing the possibilities of going digital.What may be different is the extent to which UnionBank has bet its...
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NEDA eyes 6 big infra project rollouts, 8% GDP growth in 2018
MANILA, Philippines – Filipinos can look forward to some much-awaited infrastructure projects finally breaking ground in 2018, and bringing even stronger economic growth, if the expectations of the...
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SM to open 3rd mall in Batangas on December 15
MANILA, Philippines – SM Prime Holdings Incorporated, the property development arm of Henry Sy's SM Group, is set to open its 3rd mall in Batangas on Friday, December 15.Called SM Center Lemery, the...
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Batangas taps Chinese firm to develop airport, seaport, railway
BATANGAS, Philippines – Batangas Governor Hermilando Mandanas recently signed a memorandum of understanding (MOU) with Chinese company Teamrise Group Company Limited for the development of projects...
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Who said sex sells? German sex shop chain goes bankrupt
BERLIN, Germany – Germany's pioneering sex shop chain Beate Uhse said Friday, December 15, that it has filed for insolvency, falling victim to the rise of erotic e-commerce."The Management Board of...
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Globe 'ready' for faster internet but permits are 'biggest hurdle'
MANILA, Philippines – Ayala-led Globe Telecom said it has more than 16 Terabits per second (Tbps) of international data capacity ready, enough to service the country's hunger for faster internet, but...
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Aboitiz Construction sets sights on China
MANILA, Philippines – The privately-held construction arm of the Aboitiz Group is exploring business opportunities in China to make the most of warming ties between China and the Philippines.Aboitiz...
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San Miguel buys Masinloc coal power plant for nearly $2 billion
MANILA, Philippines – In one of the largest deals in Philippine corporate history, the power unit of San Miguel Corporation (SMC) won the bidding for AES Philippines' assets, including its coal power...
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Clark airport maintenance among PPP projects set for rollout in 2018
MANILA, Philippines – At least 5 sizeable public-private partnership (PPP) projects, including the operations and maintenance (O&M) of the Clark International Airport, are targeted to be rolled out...
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France sues Amazon for abuse of position in the marketplace
PARIS, France – The French finance ministry said Monday, December 18, it has brought a court case against Amazon for abuse of its dominant position in the marketplace, the retail giant's third-party...
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Globe sets up free call stations in Urduja-hit areas
MANILA, Philippines – Ayala-led Globe Telecom said it has set up "Libreng Tawag" or free call stations in Tacloban City in Leyte as well as the provinces of Eastern Samar and Aklan to assist those...
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Cebu airport operator bags construction deal for new Clark terminal
MANILA, Philippines (UPDATED) – The group of publicly-traded Megawide Construction Corporation and Bangalore-based GMR Infrastructure Limited bagged its 2nd airport project in the Philippines: the...
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LOOK: New Araneta-Magsaysay flyover in Bacolod
MANILA, Philippines – Bacolod City has a new flyover.Department of Public Works and Highways (DPWH) Secretary Mark Villar officially opened the Araneta Avenue-Magsaysay Avenue Flyover Project in...
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