By Azer N. Parrocha/PNA (philstar.com) Updated May 2, 2017 – 7:45pm http://www.philstar.com/headlines/2017/05/02/1696063/dot-more-ro-ro-trips-boost-asean-tourism MANILA, Philippines (Philippine News Agency) — After launching the Roll-on-Roll-off (Ro-Ro) trips between the Davao and General Santos City seaports and Bitung, Indonesia, the Department of Tourism on Tuesday said that it is looking forward to the upcoming launch of Ro-Ro trips between […]
By DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 04:02 AM May 03, 2017 http://business.inquirer.net/228681/semirara-investing-p5b-expand-production Consunji-led Semirara Mining and Power Corp. plans to invest P5 billion this year and next to increase its coal production capacity to a maximum of 16 million metric tons. The increase in capacity seeks to “take advantage of favorable coal prices and local market […]
By Czeriza Valencia (The Philippine Star) Updated May 3, 2017 – 12:00am http://www.philstar.com/business/2017/05/03/1696071/poorest-regions-take-p157-b-infrastructure-projects MANILA, Philippines – Thousands of infrastructure projects collectively valued at P157.44 billion will be rolled out in the country’s poorest region under the reinstated Three-Year Rolling Infrastructure Plan (TRIP) for 2018 to 2020, the National Economic and Development Authority (NEDA) said yesterday. […]
ABS-CBN News Posted at May 02 2017 09:13 PM http://news.abs-cbn.com/business/05/02/17/5-big-corporate-mergers-and-acquisitions-in-ph-in-past-year MANILA – Mergers and acquisitions have been moving as the Philippines’ billionaires seek to capitalize on the momentum of one of the fastest-growing economies in the world. Here is a list of notable mergers and acquisitions in the Philippines in the last 12 months. —————– […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:08 AM May 03, 2017 http://business.inquirer.net/228689/century-buys-hunts-gokongwei The country’s leading canned food producer Century Pacific Food Inc. (CNPF) has expanded its food portfolio with the acquisition of the Philippine license for pork and beans brand “Hunt’s” from the Gokongwei-led group. CNPF has struck a deal to purchase the rights to […]
By Catherine Talavera (The Philippine Star) Updated May 3, 2017 – 12:00am http://www.philstar.com/business/2017/05/03/1696086/italpinas-mulls-sale-preferred-shares MANILA, Philippines – Listed greenbuilder Italpinas Development Corp. (IDC) is eyeing a preferred share offering this year to raise funds for future landbanking initiatives. In a briefing Tuesday, IDC chairman and CEO Romolo Valentino Nati said the preferred share issuance would likely […]
‘If you don’t give back the land to the government, then I will ask the Filipino people to occupy the lands that are in your hands,’ the President tells ‘oligarchs’ Pia Ranada Published 9:35 PM, May 01, 2017 Updated 9:41 PM, May 01, 2017 http://www.rappler.com/nation/168546-duterte-private-companies-government-lands-occupy DAVAO CITY, Philippines – If private companies don’t give back […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 10:55 AM May 02, 2017 http://business.inquirer.net/228663/century-teams-indonesias-bakrie-3-themed-estates Century Properties Group (CPG) has teamed up with Indonesian conglomerate Bakrie to develop three master-planned estates in the Philippines – a Media City, a Sports City, and a Technology Corridor – in a bid to strengthen the tourism and media technology sectors of […]
Chinese firms scout Philippine prospects in Cebu summit By Richmond Mercurio (The Philippine Star) Updated April 5, 2017 – 12:00am http://www.philstar.com/business/2017/04/05/1687653/chinese-firms-scout-philippine-prospects-cebu-summit MANILA, Philippines – More Chinese companies want to take part in the country’s growing economy as close to 100 investors will participate in the 12th ASEAN Finance Ministers’ Investors Seminar in Cebu this week […]
Avida Land eyes P3.6 B sales By Iris Gonzales (The Philippine Star) Updated March 30, 2017 – 12:00am http://www.philstar.com/business/2017/03/30/1685798/avida-land-eyes-p3.6-b-sales MANILA, Philippines – Avida Land, the middle-income housing subsidiary of property giant Ayala Land Inc., is targeting P3.6 billion in sales from its projects in South Luzon. The company launched the second phase of the 21-hectare […]