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  2. 2017
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2017

Subic emerging as key international gateway, says ICTSI

Subic emerging as key international gateway, says ICTSI

By: DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 01:00 AM May 09, 2017 http://business.inquirer.net/229121/subic-emerging-key-international-gateway-says-ictsi The port operations of International Container Terminal Services Inc. (ICTSI) in Subic Bay Freeport now match the productivity of its flagship Manila International Container Terminal (MICT), indicating the emergence of this freeport as a key international gateway. ICTSI reported on Monday that two […]

  • by Land Asia Listings
  • May 10, 2017
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Government reviews Ayala-SM tollroad proposal

Government reviews Ayala-SM tollroad proposal

By Louella Desiderio (The Philippine Star) Updated May 9, 2017 – 12:00am http://www.philstar.com/business/2017/05/09/1697961/government-reviews-ayala-sm-tollroad-proposal MANILA, Philippines – The government is studying the unsolicited proposal of Ayala Corp. and SM Investments Corp. (SMIC) to build a P25-billion elevated tollroad from Sta. Mesa in Manila (linking Skyway Stage 3) to Mall of Asia in Pasay. “We just received […]

  • by Land Asia Listings
  • May 10, 2017
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EDC allots P7 B to rehab old plants

EDC allots P7 B to rehab old plants

By Danessa Rivera (The Philippine Star) Updated May 9, 2017 – 12:00am http://www.philstar.com/business/2017/05/09/1697974/edc-allots-p7-b-rehab-old-plants MANILA, Philippines – Lopez-led renewable energy firm Energy Development Corp. (EDC) is earmarking a P7-billion capital expenditure this year, the last wave of its rehabilitation program for its aging plants to improve reliability and generating capacities by 2018. Majority of the capex […]

  • by Land Asia Listings
  • May 10, 2017
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Max’s eyes expansion to Europe

Max’s eyes expansion to Europe

By Iris Gonzales (The Philippine Star) Updated May 9, 2017 – 12:00am http://www.philstar.com/business/2017/05/09/1697967/maxs-eyes-expansion-europe MANILA, Philippines – Max’s Group Inc. (MGI) plans to continue strengthening its international presence and may even make its foray in Europe, its top official said. MGI president and CEO Robert Trota told reporters following the company’s annual stockholders meeting yesterday that […]

  • by Land Asia Listings
  • May 10, 2017
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Ayala Land Q1 income up 18% to P5.56B

Ayala Land Q1 income up 18% to P5.56B

By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:06 AM May 09, 2017 http://business.inquirer.net/229131/ayala-land-q1-income-18-p5-56b Property giant Ayala Land Inc. (ALI) grew its net income in the first quarter by 18 percent year-on-year to P5.56 billion on higher earnings from property development and commercial leasing. The first quarter performance translated to a return on equity of 15 percent. […]

  • by Land Asia Listings
  • May 10, 2017
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EU trade perk boosts PH exports to 1.7B euros

EU trade perk boosts PH exports to 1.7B euros

Gov’t risks losing benefit due to mounting drug war casualties By: Roy Stephen C. Canivel Philippine Daily Inquirer 04:15 AM May 03, 2017 http://business.inquirer.net/228695/eu-trade-perk-boosts-ph-exports-1-7b-euros The Philippines has exported 1.7 billion euros worth of goods to the European Union (EU) last year under a trade perk that allowed zero tariff for various local products, a nearly […]

  • by Land Asia Listings
  • May 3, 2017
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Listed mining firms buck order vs open-pit operations

Listed mining firms buck order vs open-pit operations

By: Ronnel W. Domingo Philippine Daily Inquirer 04:05 AM May 03, 2017 http://business.inquirer.net/228687/listed-mining-firms-buck-order-vs-open-pit-operations At least seven publicly listed mining firms on Tuesday said a new order from the Department of Environment and Natural Resources (DENR) that bans future open-pit operations was against the Mining Act. The companies were referring to DENR Administrative Order 2017-10 that […]

  • by Land Asia Listings
  • May 3, 2017
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Peso touches P50:$1 level ahead of Fed meet

Peso touches P50:$1 level ahead of Fed meet

   By Janine Marie D. Soliman with Reuters Posted on May 03, 2017 http://www.bworldonline.com/content.php?section=Finance&title=Peso-touches-P50:$1-level-ahead-of-Fed-meet&id=144585 THE PESO dropped on Tuesday, but managed to hold on to the P49-per-dollar level after breaching the P50 mark intraday, amid heightened caution among market players ahead of the US Federal Reserve’s two-day policy meeting. The peso closed at P49.99 against the […]

  • by Land Asia Listings
  • May 3, 2017
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PH Stocks back to 7,700 level

PH Stocks back to 7,700 level

By DORIS DUMLAO-ABADILLA Philippine Daily Inquirer 04:00 AM May 03, 2017 http://business.inquirer.net/228677/ph-stocks-back-7700-level The local stock barometer climbed back to the 7,700 level on Tuesday as many investors bet on favorable local corporate earnings for the first quarter. The main-share Philippine Stock Exchange index added 42.09 points or 0.55 percent to close at 7,703.10, tracking mostly upbeat […]

  • by Land Asia Listings
  • May 3, 2017
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Financial service aggregator Expresspay plans P528-M IPO

Financial service aggregator Expresspay plans P528-M IPO

   By Arra B. Francia Posted on May 03, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=financial-service-aggregator-expresspay-plans-p528-m-ipo&id=144579 FINANCIAL service aggregator Expresspay, Inc. is planning to make its debut on the stock market this year with an initial public offering (IPO) for as much as P528 million. Expresspay sought the Securities and Exchange Commission’s approval to list on the Small, Medium and […]

  • by Land Asia Listings
  • May 3, 2017
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