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By Mary Grace Padin (The Philippine Star) Updated March 20, 2017 – 12:00am http://www.philstar.com/business/2017/03/20/1682723/china-extends-75-m-grant-2-bridges MANILA, Philippines – The Philippines will receive $75 million worth of grant assistance from China for the construction of two bridges that would help ease traffic congestion in Metro Manila, the Department of Finance (DOF) said over the weekend. According to […]
By Czeriza Valencia (The Philippine Star) Updated March 18, 2017 – 12:00am http://www.philstar.com/business/2017/03/18/1682082/wb-lends-64.6-m-manila-bus-rapid-transit MANILA, Philippines – The World Bank (WB) has approved a $64.6 million loan for the development of the first bus rapid transit (BRT) system in Metro Manila along España Blvd. and Quezon Ave. set to be operational by 2020. The $64.6 million […]
Compiled by Ana Roa, Inquirer Research Philippine Daily Inquirer 01:32 AM March 18, 2017 http://business.inquirer.net/226365/aspbi-reports-p497b-real-estate-income-2014 Firms engaged in real estate activities generated an income of P497.5 billion in 2014, latest results of the Annual Survey of Philippine Business and Industry (ASPBI) showed. With an income of P389.8 billion, real estate activities with own or leased […]
Compiled by Minerva Generalao, Inquirer Research Philippine Daily Inquirer 01:30 AM March 18, 2017 http://business.inquirer.net/226362/ra-10752-paves-way-just-compensation-acquired-land Can the government take private real property without just compensation? The answer is a big no. Article III, Section 9 of the Constitution states that private property shall not be taken for public use without just compensation. In March last […]
By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 12:11 AM March 20, 2017 http://business.inquirer.net/226452/lt-group-2016-profit-jumps-42-p9-39b Tycoon Lucio Tan-led conglomerate LT Group Inc. grew its net profit last year by 42 percent to P9.39 billion on higher earnings across its banking, tobacco, liquor and real estate businesses. Banking arm Philippine National Bank (PNB) accounted for 36 percent of LTG’s attributable […]
By Richmond Mercurio (The Philippine Star) Updated March 19, 2017 – 12:00am http://www.philstar.com/business/2017/03/19/1682381/hk-mfg-fashion-firms-scout-phl-prospects MANILA, Philippines – Hong Kong-based firms are arriving next month to explore business opportunities in the Philippines, the Philippine Chamber of Commerce and Industry (PCCI) said. The 16-member delegation consists of manufacturers and suppliers of electronics and electrical appliances, fashion and accessories, […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:17 AM March 20, 2017 http://business.inquirer.net/226462/eagle-cement-embarking-aggressive-expansion Ang family-led Eagle Cement Corp. aims to be the country’s second largest cement-maker by 2020 with a continuing capacity buildup program to be supported by proceeds from an initial public offering worth as much as P9.2 billion targeted by the middle of May […]
By: Amy R. Remo Philippine Daily Inquirer 01:37 AM March 18, 2017 http://business.inquirer.net/226373/icon-paves-way-inclusive-growth Iloilo City—In less than two years, the Iloilo Convention Center (ICon) did more than elevate this city’s position as a viable meetings, incentives, conventions and exhibitions (MICE) destination. With around three or four national conventions now being held at the ICon almost […]
By: Amy R. Remo Philippine Daily Inquirer 12:20 AM March 18, 2017 http://business.inquirer.net/226379/iloilo-business-park-catalyst-growth In 2015, Iloilo City made headlines as one of the locations handpicked for a series of meetings for the Asia Pacific Economic Cooperation (Apec). At that time, the Iloilo Convention Center (ICon) became the sole host for trade and finance officials, as […]
By Krista Angela M. Montealegre Posted on March 18, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Real-estate,-water,-mining-hit-DMCI-Holdings%E2%80%99-2016-earnings&id=142371 EARNINGS of engineering conglomerate DMCI Holdings, Inc. slumped last year, as the weakness of its real estate, water utility, and nickel mining businesses hit its profitability. The holding firm of the Consunji family told the stock exchange on Friday that it reported a core net […]
