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By Richmond Mercurio (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676367/cement-sales-rise-6.6-2016 MANILA, Philippines – The local cement industry finished 2016 with higher sales despite a slowdown in the fourth quarter due to unfavorable weather conditions. The Cement Manufacturers Association of the Philippines (CeMAP) said cement sales last year rose 6.6 percent to 25.96 […]
ABS-CBN News Posted at Feb 27 2017 07:43 PM http://news.abs-cbn.com/business/02/27/17/gas-prices-to-go-down-diesel-up-on-tuesday MANILA (UPDATE) – Gasoline prices will go down while diesel prices will go up on Tuesday, oil companies said Monday. Petron, Shell Philippines, SEAOIL, and Flying V said prices of gasoline will go down by P0.40 per liter while diesel prices will go up by […]
By Imee Charlee C. Delavin Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Economy&title=PPA-says-options-open-for-Sasa-port&id=141349 THE GOVERNMENT is still open to “any privatization” option for the Sasa Port redevelopment after the project is withdrawn from the list of public-private partnership (PPP) projects approved by the previous administration’s National Economic and Development Authority (NEDA) Board. The Philippine Ports Authority (PPA) […]
By Louella Desiderio (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676346/new-timeline-regl-airports-ppp-released MANILA, Philippines – The Department of Transportation (DOTr) has released the indicative timeline for the development, operations and maintenance of the P108 billion regional airports project under the public-private partnership (PPP) program, with the submission of qualification documents scheduled in April, and […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:07 AM February 28, 2017 http://business.inquirer.net/225368/p321-m-coconut-processing-plant-rise-palawan Lionheart GPPAC Farmers Corp. will soon build a P321-million coconut processing plant integrated with a hybrid coconut plantation in Palawan, the Board of Investments (BOI) said on Monday. In a statement, the BOI said the project was approved under the Investment […]
By Keith Richard D. Mariano Posted on February 28, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Century-Properties-targets-first-time-homebuyers-&id=141361 CENTURY PROPERTIES Group, Inc. is launching its residential line catering to first-time homebuyers within the second quarter, as it expands its portfolio consisting mostly of luxury and mid-priced condominiums in Metro Manila. The listed property developer made the announcement about three months after partnering […]
By Iris Gonzales (The Philippine Star) Updated February 28, 2017 – 12:00am http://www.philstar.com/business/2017/02/28/1676362/arthaland-taps-foreign-partners-premium-cebu-office-building MANILA, Philippines – ArthaLand Corp. has signed agreement with China Railway Dongfang Group and Knusford Berhard of Malaysia for a $166 million engineering, procurement and construction contract for its 38-story Cebu Exchange Project. China Railway and Knusford will form a joint venture […]
By AP (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676117/jc-penney-shuts-130-plus-stores-offers-early-retirements NEW YORK– J.C. Penney is joining its department store rivals in pruning its store numbers in an era of online shopping. Penney said Friday it would close 130 to 140 stores as well as two distribution centers over the next several months as […]
By: Jennifer Palmares-Fong Philippine Daily Inquirer 02:14 AM February 25, 2017 http://business.inquirer.net/225208/iloilo-property-investment-hotspot-today In our lifetime, there will always be moments when we wish we had the ability to see the future. If you live in the city, do you remember growing up, seeing the rapid pace of development that goes on every year within your […]
By Lawrence Agcaoili (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676007/phl-survive-external-shocks-imf MANILA, Philippines – Multilateral lender International Monetary Fund (IMF) is confident the Philippine economy will continue to perform strongly as the country is expected to remain resilient despite external shocks this year. An IMF mission led by Luis Breuer, which visited Manila […]
