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http://www.bworldonline.com/content.php?section=Finance&title=Rates-of-3-year-bonds-to-climb&id=140147 TREASURY BONDS (T-bonds) on offer tomorrow are expected to fetch higher yields, tracking the direction of US Treasuries, mainly due to negative market sentiment caused by political noise abroad as well as domestic concerns on cash supply and the normalization of inflation. The government plans to raise as much as P15 billion in tomorrow’s […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
