Clik here to view.
Eastern Petroleum, Russian automaker to launch vehicles in PH
MANILA, Philippines – Eastern Petroleum Group of Companies and Russia's GAZ Group are set to launch a partnership to import light- to heavy-duty commercial vehicles into the Philippines.Back in...
View ArticleClik here to view.
Ayala Corp acquires U.S.-based solar tech firm
MANILA, Philippines – Ayala Corporation (AC), through its manufacturing arm AC Industrial Technology Holdings Incorporated (AC Industrials), took a controlling stake in a United States-based solar...
View ArticleClik here to view.
Metro Pacific to slow down on new proposals until toll hikes resolved
PAMPANGA, Philippines – Earlier charted proposals of Metro Pacific Tollways Corporation (MPTC) to build new expressways will have to wait until it gets a better picture of how delays in toll hikes will...
View ArticleClik here to view.
Higher electricity sales boost Meralco's income in 2017
MANILA, Philippines – Manila Electric Company (Meralco) saw a 6% boost in net income in 2017, earning P20.4 billion for the year, fueled by higher electricity sales.During Meralco's operating and...
View ArticleClik here to view.
PCC approves San Miguel's P1.9-B Masinloc coal power plant acquisition
MANILA, Philippines – The Philippine Competition Commission (PCC) approved the P1.9-billion acquisition by San Miguel Corporation (SMC) of a nearly 1,000-megawatt (MW) coal power plant from American...
View ArticleClik here to view.
Philippines to 'add sweeteners' in guidelines for 3rd telco auction
MANILA, Philippines – The government will sweeten the auction terms for the selection of the country's 3rd major telecommunications player, after some interested bidders expressed concerns over...
View ArticleClik here to view.
Cebu Pacific to launch direct Manila-Melbourne flight
MANILA, Philippines – Gokongwei-led budget carrier Cebu Pacific announced it will be launching a direct Manila to Melbourne flight starting on August 14 this year.Cebu Pacific said it will fly thrice...
View ArticleClik here to view.
Megaworld to invest P54 billion more in Westside City township
MANILA, Philippines – Andrew Tan-led developer Megaworld Corporation is doubling down on its 31-hectare Westside City township at the casino-filled Entertainment City by Manila Bay in Parañaque City.In...
View ArticleClik here to view.
DBM: Gov't underspending down to 3% at P85.2 billion in 2017
MANILA, Philippines – The government underspent by P85.2 billion ($1.58 billion) or 3% of the 2017 national budget, lower than 2016's record of 3.6%, the Department of Budget and Management (DBM)...
View ArticleClik here to view.
Property still drives SM's healthy financials in 2017
MANILA, Philippines – SM Investments Corporation (SMIC), the conglomerate of Henry Sy Sr, saw its net income increase by 6% to P32.9 billion in 2017, with its property business continuing to contribute...
View ArticleClik here to view.
Philippines, Japan sign P4-billion loan deal for Bulacan road
MANILA, Philippines – The Philippines and Japan deepened their economic partnership with the signing of a new loan deal that will see the expansion of a road in Bulacan."The government of the...
View ArticleClik here to view.
Canceled flights due to bad weather on Thursday, March 1
Please refresh this page for updates.MANILA, Philippines – At least two domestic flights were canceled on Thursday, March 1, due to bad weather, according to the Manila International Airport Authority...
View ArticleClik here to view.
Megawide, Indian partner to compete with 'super consortium' for NAIA rehab
MANILA, Philippines – Listed Megawide Construction Corporation and its Bangalore-based partner GMR Infrastructure Limited on Thursday, March 1, submitted a $3-billion (P155.97-billion), 18-year...
View ArticleClik here to view.
Metro Pacific net income rises by 15% in 2017
MANILA, Philippines – Metro Pacific Investments Corporation (MPIC), the infrastructure holding firm of the Manuel V Pangilinan group, saw its bottom line rise last year on the back of power sector...
View ArticleClik here to view.
SEC 'internally studying' Omidyar's $1.5-M PDR donation to Rappler
MANILA, Philippines – The Securities and Exchange Commission (SEC) is "internally studying" the implications of Omidyar Network Fund LLC's decision to donate its $1.5-million worth of Philippine...
View ArticleClik here to view.
Poe pushes for NAIA expansion as solution to congestion
MANILA, Philippines – Senator Grace Poe said on Thursday, March 1, that the Ninoy Aquino International Airport (NAIA) must be expanded to address the congestion there.Poe said the congestion would be...
View ArticleClik here to view.
Overruling objections, Trump announces steep aluminum, steel tariffs
WASHINGTON DC, USA – Despite fierce opposition from inside the White House, US President Donald Trump on Thursday, March 1, announced punishing steel and aluminum tariffs, teeing up a possible trade...
View ArticleClik here to view.
Business confidence drops in first 3 months of 2018
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said on Friday, March 2, that overall confidence in the economy dropped for the first 3 months of 2018 due to the new tax law, the...
View ArticleClik here to view.
LOOK: Grab PH launches services from Clark International Airport
MANILA, Philippines – Passengers can now book Grab rides from the Clark International Airport.On Thursday, March 1, Grab Philippines officially launched its services from Clark International Airport...
View ArticleClik here to view.
Cagayan int’l airport set to receive first commercial flight on March 23
CAGAYAN, Philippines- The Cagayan North International Airport (CNIA) in Lal-lo, Cagayan, is being readied to receive its first commercial flight on March 23, a government official said.In a meeting...
View Article