Clik here to view.
Alsons Renewable to spend $650M for hydro, solar projects
MANILA, Philippines – Alsons Renewable Energy Corporation (AREC), a subsidiary of Alsons Consolidated Resources, Incorporated (ACR), earmarked $650 million to pursue investments in hydro and solar...
View ArticleClik here to view.
China's industrial overcapacity 'damaging global economy'
BEIJING, China – China's overcapacity in heavy industries is wreaking "far-reaching" damage on the global economy, with steel production "completely untethered" from market demand, the European Union...
View ArticleClik here to view.
HSBC 2015 results disappoint amid 'seismic' economic shifts
HONG KONG, China (UPDATED) – Global banking giant HSBC on Monday, February 22, reported a shock pre-tax loss in the last quarter of 2015 with results for the year missing analysts' expectations, as the...
View ArticleClik here to view.
PPP Center head Cosette Canilao resigns
MANILA, Philippines – President Benigno Aquino III on Monday, February 22, accepted the resignation of Public-Private Partnership (PPP) Center Executive Director Cosette Canilao.In her resignation...
View ArticleClik here to view.
UN agency bans lithium-ion battery cargo on passenger planes
MONTREAL, Canada – The UN agency responsible for air travel standards agreed on Monday, February 22, to ban the transportation of lithium-ion batteries as cargo on passenger aircraft, saying they pose...
View ArticleClik here to view.
DOTC sees launch of new MRT3 train by April
MANILA, Philippines – The Department of Transportation and Communications (DOTC) targets to add a new train to the existing Metro Rail Transit Line 3 (MRT3) by April.This was after the DOTC received...
View ArticleClik here to view.
Cebu Pacific wants to be official PH carrier for ASEAN-China flights
MANILA, Phiippines – The country's largest budget airline, Cebu Pacific Air, is seeking regulatory approval to be the official Philippine carrier for flights between China and the Association of...
View ArticleClik here to view.
PPP Center's Canilao: Include PPP chief in Cabinet
MANILA, Philippines — The head of the Public-Private Partnership (PPP) Center should be part of the Cabinet to provide more thorough updates on all infrastructure deals to the Chief Executive.This is...
View ArticleClik here to view.
Standard Chartered swings to $2.36B net loss in 2015
HONG KONG, China – Asia-focused bank Standard Chartered said Tuesday, February 23, it swung to a surprise $2.36 billion net loss in 2015 against a backdrop of global market volatility, restructuring...
View ArticleClik here to view.
PH outlook bright despite China slowdown – IMF
MANILA, Philippines – Now that the Philippines is exhibiting resilient growth, it is in a unique position to take advantage of the shifting global economy. To get there, however, it needs to ride out...
View ArticleClik here to view.
Mars recalls Dutch-made chocolate bars from 55 nations
LA HAYE, Netherlands (UPDATED) – Chocolate giant Mars on Tuesday ordered a massive recall of Mars and Snickers bars from 55 countries after a piece of plastic found in one bar was traced back to its...
View ArticleClik here to view.
IMF chief sees 'tepid' growth for world economy
DUBAI, United Arab Emirates – The world economy is going through a "tepid" recovery, International Monetary Fund (IMF) chief Christine Lagarde said on Tuesday, February 23, adding that growth in...
View ArticleClik here to view.
Biz groups, think tanks weigh in: How can PH broadband improve?
MANILA, Philippines – It is not the re-allocation of San Miguel Corporation's unused 700 megahertz (MHz) spectrum that will improve Internet services in the Philippines, said some of the country's...
View ArticleClik here to view.
Blackout in 5 Zambales towns on Feb 25
PAMPANGA, Philippines – The 5 towns being serviced by the Zambales Electric Cooperative I will experience a 12-hour power interruption on Thursday, February 25.The power outage from 6 am to 6 pm will...
View ArticleClik here to view.
Historic Korean fish market resists move to glitzy facility
SEOUL, South Korea – Seoul's oldest and largest fish market – a city landmark and tourist hot-spot – is fighting a move to a futuristic, half-billion-dollar facility, with vendors insisting they prefer...
View ArticleClik here to view.
World Bank: PH can end poverty in a generation
MANILA, Philippines – Economic growth is now reaching the country's poor and if the current trend is sustained, "then poverty can be eliminated within a generation," said the World Bank's lead...
View ArticleClik here to view.
Airbus 2015 net profits soar to $3B
LONDON, United Kingdom (UPDATED) – Airbus Group said Wednesday, February 24, its net profits climbed 15% last year, and predicted deliveries of more than 650 aircraft in 2016 and a rise in orders to...
View ArticleClik here to view.
Jollibee buys out partner in China's Happy Bee
MANILA, Philippines – Fastfood giant Jollibee Foods Corporation is acquiring 100% ownership of food manufacturing Happy Bee Foods Processing Private Limited in China for $10.4 million.This is to...
View ArticleClik here to view.
GCash, PayMaya team up to boost mobile money usage
MANILA, Philippines – The digital financial units of Philippine Long Distance Telephone Company (PLDT), Smart Communications, and Globe Telecom have collaborated to boost the growth of mobile money...
View ArticleClik here to view.
Takata airbag fault due to moisture – investigators
TOKYO, Japan – A coalition of the world's biggest automakers has identified the key culprit behind an airbag defect at Japanese supplier Takata, which has been linked to at least 10 deaths globally.The...
View Article