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  3. February
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February 2017

Davao Light to invest P1B yearly for system upgrade

By Carmelito Q. Francisco Posted on February 27, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Davao-Light-to-invest-P1B-yearly-for-system-upgrade&id=141297 DAVAO CITY — Davao Light and Power Co. (DLPC), a part of Aboitiz Power Corp.’s (AboitizPower) distribution group, is investing about P1 billion annually in the next 10 years for system refurbishment and expansion in its franchise areas within the Davao Region. “We need to […]

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Cusi wants to convert Malaya Thermal Power Plant into LNG plant

By Danessa Rivera (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676008/cusi-wants-convert-malaya-thermal-power-plant-lng-plant MANILA, Philippines –  Energy Secretary Alfonso Cusi wants to convert the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) in Rizal into a liquefied natural gas (LNG) facility as part of plans to ensure the country with reliable power supply in the future. […]

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London-based miner still finds PH a desirable place for investment

By: Ronnel W. Domingo Philippine Daily Inquirer 12:14 AM February 27, 2017 http://business.inquirer.net/225307/london-based-miner-still-finds-ph-desirable-place-investment ECR Minerals plc continues to look at the Philippines as a desirable place to do business in despite facing the twin problems of an uncertain regulatory environment and an ongoing dispute with its local partner. The London-based gold exploration company said in […]

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Israel explores Phl prospects

By Mary Grace Padin (The Philippine Star) Updated February 24, 2017 – 12:00am http://www.philstar.com/business/2017/02/24/1675121/israel-explores-phl-prospects MANILA, Philippines – Israel is currently exploring possible investment opportunities in the Philippine information technology sector, as well as ways to expand its support to the country’s agriculture sector, the Department of Finance (DOF) said yesterday. In a recent meeting, Israel […]

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Firms to expand, hire more in Q2

By Lawrence Agcaoili (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676104/firms-expand-hire-more-q2 MANILA, Philippines –  More companies are set to expand and hire additional workers in the second quarter amid the rebound in business optimism, results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. Rosabel Guerrero, director of the BSP’s […]

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Phl is among top favorite of European investors in Asean

By Richmond Mercurio (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676017/phl-among-top-favorite-european-investors-asean MANILA, Philippines –  The Philippines is seen moving into the upper half of the 10-country Association of Southeast Asian Nations in terms of being a preferred investment destination among European companies despite ongoing issues that have saddled their interest in the country. […]

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Boutique airline plans to offer direct flights to Baler in March

By Imee Charlee C. Delavin Posted on February 27, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Boutique-airline-plans-to-offer-direct-flights-to-Baler-in-March&id=141298 BOUTIQUE AIRLINE Air Juan is looking to offer direct flights to Baler by next month as it anticipates an influx of tourists to the surfing spot this summer. The airline, which operates a fleet of nine-seater land and seaplanes, currently offers direct daily service […]

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ARRC awaits gov’t decision on rehab of Danilo Atienza airport

By Louella Desiderio (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676109/arrc-awaits-govt-decision-rehab-danilo-atienza-airport MANILA, Philippines –  All-Asia Resources Reclamation Corp. (ARRC) is hopeful the government could decide soon on the consortium’s plan to rehabilitate the Danilo Atienza airport to serve private jets and smaller low-cost carriers, as well as to develop an international gateway airport in […]

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China investors keen on major port projects

By Evelyn Macairan (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676115/china-investors-keen-major-port-projects MANILA, Philippines –  Chinese investors have expressed interest in aiding Harbour Centre Port Terminal Inc. (HCPTI)’s expansion plans for its major ports in Manila, Cebu and Davao, a top company official said. Victor Songco, president of HCPTI parent R-II Builders, said China […]

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Gov’t may bid out O & M for Mindanao railway project

By Czeriza Valencia (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676095/govt-may-bid-out-o-m-mindanao-railway-project MANILA, Philippines –  The government is considering bidding out the operations and maintenance for the proposed Mindanao Railway Project under the Public-Private Partnership (PPP) scheme, Socioeconomic Planning Secretary Ernesto Pernia said. The planned railway, which would connect key cities in Mindanao, is […]

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