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  3. February
    4. (Page 15)

February 2017

Index may hover between 7,000 and 7,400 this week

http://www.philstar.com/business/2017/02/06/1669377/index-may-hover-between-7000-and-7400-week MANILA, Philippines –  The benchmark Philippine Stock Exchange index is expected to hover between 7,000 and 7,400 as market investors continue to wait for fresh leads, possibly coming from corporate earnings results for 2016, analysts said. “Chartwise, the week’s close at 7,226.70 continue to suggest the market to range between 7,000 and 7,400 levels […]

  • by Land Asia Listings
  • February 8, 2017
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SMC acquires Australia’s Portavin in overseas push

http://www.bworldonline.com/content.php?section=Corporate&title=SMC-acquires-Australia%E2%80%99s-Portavin-in-overseas-push&id=140141 DIVERSIFIED conglomerate San Miguel Corp. is expanding its packaging business overseas further with another acquisition: Portavin Holdings Pty. Ltd. of Australia. In a statement issued over the weekend, the Philippine conglomerate announced its international business San Miguel Yamamura Packaging International Ltd. (SMYPIL) has purchased 100% of shares in Portavin. SMYPIL, through its subsidiary San […]

  • by Land Asia Listings
  • February 8, 2017
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NGCP vows unified power grid by 2020

https://business.inquirer.net/224109/ngcp-vows-unified-power-grid-2020 The National Grid Corporation of the Philippines has completed the first step toward unifying the nation’s three power grids after a recently conducted hydrographic survey found the country’s western seaboard suitable for the laying of a Visayas-Mindanao submarine power cable. This route—beginning in Cebu and terminating in Dipolog and slated to cost the company […]

  • by Land Asia Listings
  • February 8, 2017
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GSIS profit hits P57B; eyes investments in renewable energy

https://business.inquirer.net/224115/gsis-profit-hits-p57b-eyes-investments-renewable-energy The Government Service Insurance System (GSIS) profit rose by over a fifth to P57 billion last year as revenues rose on improved market conditions. But the state-run pension fund will not rest on its laurels as it eyes more investments in infrastructure, especially renewable power projects, to sustain its fund life. GSIS officer-in-charge Nora […]

  • by Land Asia Listings
  • February 8, 2017
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Pure Energy eyes 500 MW in 5 years

http://www.philstar.com/business/2017/02/06/1669381/pure-energy-eyes-500-mw-5-years MANILA, Philippines –  Pure Energy Holdings Corp. is eyeing more investments in the renewable energy sector – apart from hydropower ventures – as it looks to have a 500 megawatts (MW) of total capacity in five years, company officials said. Pure Energy is looking at forming a basket of renewable energy projects such as […]

  • by Land Asia Listings
  • February 8, 2017
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DMCI bags Mindoro transmission upgrade

http://www.philstar.com/business/2017/02/05/1669096/dmci-bags-mindoro-transmission-upgrade MANILA, Philippines –  DM Consunji Inc. and SL Development Construction Corp. have bagged contracts to upgrade transmission line projects in Mindoro to improve the reliability and reduce systems loss in the island. DM Consunji Inc. won the bid for the rehabilitation of the 69kV 44 kilometer Calapan–Bansud transmission line, expansion of the Bansud and […]

  • by Land Asia Listings
  • February 8, 2017
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Smart upgrading cellular coverage in LRT-1

http://www.philstar.com/business/2017/02/06/1669380/smart-upgrading-cellular-coverage-lrt-1 MANILA, Philippines –  The wireless subsidiary of PLDT Inc. is upgrading its cellular network coverage in the Light Rail Transit (LRT) Line 1 to provide a better mobile experience to commuters. Under the program, Smart Communications Inc. would beef up its 2G, 3G and 4G or Long Term Evolution (LTE) network coverage in the […]

  • by Land Asia Listings
  • February 8, 2017
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Phl AirAsia restarts Clark-Kalibo flights

http://www.philstar.com/business/2017/02/05/1669102/phl-airasia-restarts-clark-kalibo-flights MANILA, Philippines –  Low-cost carrier Philippines AirAsia will restart flights from Clark International Airport in Pampanga to Kalibo in Aklan to serve passengers going to the tourist destination of Boracay Island. In a statement, Philippines AirAsia said the flights would be available three times per week, or on Monday, Tuesday and Friday beginning March […]

  • by Land Asia Listings
  • February 8, 2017
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Air travel growth lags GDP due to NAIA constraints

http://www.bworldonline.com/content.php?section=Economy&title=Air-travel-growth-lags-GDP-due-to-NAIA-constraints&id=140190 THE PHILIPPINES will eventually need to build a new airport to accommodate increasing passenger traffic, the Center for Asia Pacific Aviation (CAPA) said in a report, but should immediately implement measures to decongest the country’s main gateway like transitioning to a single runway operation and increasing capacity through upgrades of its four terminals. In […]

  • by Land Asia Listings
  • February 8, 2017
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Chinese trade execs to firm up infra deals

https://business.inquirer.net/224127/chinese-trade-execs-firm-infra-deals China’s top trade officials as well as a business delegation will be in Manila on Feb. 23-24, to firm up financing commitments for big-ticket infrastructure projects in the country, the Department of Finance (DOF) said on Sunday. In a statement, Finance Secretary Carlos G. Dominguez III said he told China’s commerce minister Gao Hucheng […]

  • by Land Asia Listings
  • February 8, 2017
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