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By Danessa Rivera (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683924/6-potential-bidders-sucat-plant MANILA, Philippines – Six companies have expressed interest in the privatization of the decommissioned 850-megawatt (MW) Sucat thermal power plant (STPP) in Muntinlupa City, the Power Sector Assets and Liabilities Management Corp. (PSALM) said. The potential bidders are United Metro Steel Philippines […]
By Danessa Rivera (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683928/energy-logics-readies-ilocos-norte-wind-solar-farm DAVAO CITY , Philippines — Energy Logics Philippines is looking to boost supply in the Luzon grid by year-end as it starts the construction of its 232-megawatt (MW) wind and solar project in Ilocos Norte. Construction of the solar and wind farm […]
By Lucia Edna P. de Guzman Posted on March 24, 2017 http://www.bworldonline.com/content.php?section=Economy&title=Thai-agri-group-CP-Foods-commits-to-PHL-expansion&id=142716 THAI AGRI-BUSINESS conglomerate Charoen Pokphand Foods (CP Foods) Public Co., Ltd. has committed to expand its business in the Philippines, with plans to invest $500 million within a year, Trade Secretary Ramon M. Lopez said. The commitment was made during President Rodrigo R. […]
(The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/real-estate/2017/03/24/1683937/southern-cities-emerging-new-property-hotspots MANILA, Philippines – With all due respect, I find it necessary to add my voice to those who have expressed deep concern about your recent pronouncement characterizing the alarm raised by many about China’s brazen incursion in Benham Rise as “nitpicking”. “A compelling mix of […]
By Catherine Talavera (The Philippine Star) Updated March 24, 2017 – 12:00am http://www.philstar.com/business/2017/03/24/1683931/sti-set-build-9-more-campuses MANILA, Philippines – STI Education Services Group Inc. is set to build nine more campuses, using funds raised from its P3 billion bond issuance. The company listed P3 billion worth of fixed-rate bonds at the Philippine Dealing and Exchange (PDex) yesterday. These […]
Tomas S. Noda III March 20, 2017 http://www.dealstreetasia.com/stories/philippines-san-miguels-299m-bond-offer-approved-67902/ In two separate business developments, the Securities and Exchange Commission in the Philippines has approved the $299 million (P15 billion) bond offer applied by diversified conglomerateSan Miguel Corp, while property developer Primex Corp bared plans of allocating up to $2 million (P100 million) for a share buy-back […]
By: Emil Perez 09:00 AM March 20, 2017 http://business.inquirer.net/226323/cemex-acquires-major-equipment-luzon-expansion-2 CEMEX Philippines delivers on its long-term commitment to helping build the nation with the arrival of its new kiln, one of the major equipment in the expansion of the Solid Cement Plant in Antipolo City. The new kiln is part of the strategic multi-million dollar investment […]
Riders going to and coming from Ayala Malls The 30th in Ortigas will be linked to Makati City and Bonifacio Global City BY CHRIS SCHNABEL Published Mon, Mar 20, 2017 6:25 PM http://www.rappler.com/business/164713-ayala-malls-uberhop-carpool-routes-the-30th MANILA, Philippines – Ayala Malls teamed up with ride-sharing service Uber to improve access to its newest mall, with an eye on […]
By Keith Richard D. Mariano Posted on March 21, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Robinsons-Retail-profit-up-12%-as-sales-exceed-P100-billion&id=142482 ROBINSONS RETAIL Holdings, Inc. posted 12% more earnings last year, as same-store sales during the election period as well as contribution of new outlets and recent acquisitions brought its consolidated revenues above P100 billion. In a statement issued on Monday, the listed retailer reported a […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 11:02 AM March 20, 2017 http://business.inquirer.net/226478/sms-purchase-61-2-mytown-dorms-okd The country’s leading conglomerate SM Investments Corp. has obtained approval from the Philippine Competition Commission (PCC) to acquire a 61.2 percent stake in Philippines Urban Living Solutions Inc. (PULS), the company that operates a growing chain of dormitory buildings under the “MyTown” brand. […]
