Clik here to view.
Private engineers to help with DOE audit for free
MANILA, Philippines – The Department of Energy (DOE) has officially tapped private engineers to help in the audit of power plants in the country. The engineers will provide their services for free.Last...
View ArticleClik here to view.
Beep cards expand to tollways
MANILA, Philippines – The group behind the contactless tap-and-go beep cards originally for the Light Rail Transit (LRT) and Metro Rail Transit (MRT) is now expanding to tollways, starting with the...
View ArticleClik here to view.
San Miguel's net income doubles on sale of telco assets
MANILA, Philippines – San Miguel Corporation (SMC) saw its net income more than double to P32.38 billion in the first half of the year, mainly because of the one-time gain from the sale of its...
View ArticleClik here to view.
ABS-CBN income rises by 76% on higher ads
MANILA, Philippines – ABS-CBN Corporation almost doubled its net income in the first half of the year as a record result of stronger regular and election-related advertising.The listed media and...
View ArticleClik here to view.
Solaire operator returns to profit on strong gaming segments
MANILA, Philippines – Casino operator Bloomberry Resorts Corporation returned to profitability in the second quarter of the year, posting a net income of P1.33 billion, on the back of strong volumes on...
View ArticleClik here to view.
San Miguel to donate P1B for drug rehab centers
MANILA, Philippines – San Miguel Corporation (SMC) is donating P1 billion to the government to build new drug rehabilitation facilities, in support of President Rodrigo Duterte's war on drugs."In the...
View ArticleClik here to view.
DPWH starts 24/7 construction for key infra projects
MANILA, Philippines – The Philippine government has started implementing 24/7 construction for major projects in Metro Manila, Cebu, and Davao, to address the country's infrastructure backlog.Following...
View ArticleClik here to view.
Philippines maintains monetary policy; cuts inflation forecasts
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) kept monetary policy steady anew, but cut its inflation forecasts for 2016 and 2017 amid lower oil prices and weaker global economic...
View ArticleClik here to view.
PH exports fall for 15th straight month in June
MANILA, Philippines – The country's export sector marked its 15th straight month of decline in June as the global economy continues its sluggish pace.Data released by the Philippine Statistics...
View ArticleClik here to view.
World Bank suffering 'leadership crisis,' staff say
WASHINGTON, USA – Staff at the World Bank delivered a broadside against its sitting president this week, saying the global lender faced a "crisis of leadership" and risked irrelevance on the world...
View ArticleClik here to view.
Annual profit of Australia's Telstra soars
SYDNEY, Australia – Australia's dominant telecommunications company Telstra reported a 36.6% jump in annual profit Thursday, August 11, as it vowed to invest billions in boosting its network after...
View ArticleClik here to view.
Alibaba revenue in biggest leap since IPO
SHANGHAI, China (UPDATED) – Chinese e-commerce giant Alibaba saw revenues leap 59% year-on-year for the quarter ended in June, it said Thursday, August 11, its strongest growth since it listed on the...
View ArticleClik here to view.
Huffington Post founder leaves for wellness startup
WASHINGTON DC, USA – Arianna Huffington, founder of the online Huffington Post news site that has become a global phenomenon, announced Thursday, August 11, she was stepping down to launch a nonprofit...
View ArticleClik here to view.
Singapore cuts 2016 forecast as world economy slows
SINGAPORE – Singapore on Thursday, August 11, narrowed its economic growth forecast for this year, citing concerns over the weaker global outlook and the impact of Britain's vote to leave the EU.Gross...
View ArticleClik here to view.
Volkswagen Korea head apologizes, questioned on emission fraud
SEOUL, South Korea – The head of Volkswagen's South Korean unit apologized Thursday, August 11, as he presented himself to state prosecutors for questioning over the German carmaker's emissions fraud...
View ArticleClik here to view.
Bill seeks to create People’s Broadcasting Corp to replace PTV-4
MANILA, Philippines – Quezon City 5th District Representative Alfred Vargas has filed a bill seeking to create the People’s Broadcasting Corporation (PBC) to replace state television station PTV-4....
View ArticleClik here to view.
Japan eyes 'safe, punctual' trains for Philippines
MANILA, Philippines – On March 11, 2011, when a magnitude-9.0 earthquake struck Japan, around 38 high-speed rail trains had been running at the same time in the northern part of the country."The 38...
View ArticleClik here to view.
SSS clarifies reported glitch on contributions
MANILA, Phiilippines (UPDATED) – The Philippines' Social Security System (SSS) on Friday, August 12, clarified earlier reports that a computer glitch wiped out about 5 years worth of contributions of...
View ArticleClik here to view.
Xurpas nets P132.51M, builds new platform
MANILA, Philippines – Despite ongoing expansion, listed tech firm Xurpas Incorporated (PSE:X) saw its net income increase in the first half of the year driven by strong performances in the firm's...
View ArticleClik here to view.
DOE teams up with USAID to find ideal energy mix
MANILA, Philippines – The Department of Energy (DOE) has teamed up with United States Agency for International Development USAID to improve the country’s energy mix and supply reliability.DOE secretary...
View Article