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Gov’t broadband project can start this year

By: Miguel R. Camus Philippine Daily Inquirer 12:23 AM February 27, 2017 http://business.inquirer.net/225323/govt-broadband-project-can-start-year The government can start building this year its massive national broadband network project, aimed at bringing internet access to underserved areas in the countryside, according to Secretary Rodolfo Salalima of the Department of Information and Communications Technology. Salalima told reporters that initial […]

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PSE-PDex merger expected to push through

By Iris Gonzales (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676100/pse-pdex-merger-expected-push-through MANILA, Philippines –  The Philippine Stock Exchange (PSE) is hopeful it will finally be able to merge the stock market with the Philippine Dealing and Exchange Corp. (PDEx), the country’s fixed income exchange, even as corporate regulators thumbed down the proposal last […]

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Foreign investment pledges down

Commitments in first 6 months of Duterte administration off 18.9% By: Ben O. de Vera Philippine Daily Inquirer 12:28 AM February 25, 2017 http://business.inquirer.net/225159/foreign-investment-pledges Investment commitments of foreign firms dropped by a tenth last year, dragged by year-on-year declines during the last two quarters or the first six months of the Duterte administration, the latest […]

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Davao Light to invest P1B yearly for system upgrade

By Carmelito Q. Francisco Posted on February 27, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Davao-Light-to-invest-P1B-yearly-for-system-upgrade&id=141297 DAVAO CITY — Davao Light and Power Co. (DLPC), a part of Aboitiz Power Corp.’s (AboitizPower) distribution group, is investing about P1 billion annually in the next 10 years for system refurbishment and expansion in its franchise areas within the Davao Region. “We need to […]

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Cusi wants to convert Malaya Thermal Power Plant into LNG plant

By Danessa Rivera (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676008/cusi-wants-convert-malaya-thermal-power-plant-lng-plant MANILA, Philippines –  Energy Secretary Alfonso Cusi wants to convert the 650-megawatt (MW) Malaya Thermal Power Plant (TPP) in Rizal into a liquefied natural gas (LNG) facility as part of plans to ensure the country with reliable power supply in the future. […]

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London-based miner still finds PH a desirable place for investment

By: Ronnel W. Domingo Philippine Daily Inquirer 12:14 AM February 27, 2017 http://business.inquirer.net/225307/london-based-miner-still-finds-ph-desirable-place-investment ECR Minerals plc continues to look at the Philippines as a desirable place to do business in despite facing the twin problems of an uncertain regulatory environment and an ongoing dispute with its local partner. The London-based gold exploration company said in […]

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Israel explores Phl prospects

By Mary Grace Padin (The Philippine Star) Updated February 24, 2017 – 12:00am http://www.philstar.com/business/2017/02/24/1675121/israel-explores-phl-prospects MANILA, Philippines – Israel is currently exploring possible investment opportunities in the Philippine information technology sector, as well as ways to expand its support to the country’s agriculture sector, the Department of Finance (DOF) said yesterday. In a recent meeting, Israel […]

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Firms to expand, hire more in Q2

By Lawrence Agcaoili (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676104/firms-expand-hire-more-q2 MANILA, Philippines –  More companies are set to expand and hire additional workers in the second quarter amid the rebound in business optimism, results of a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed. Rosabel Guerrero, director of the BSP’s […]

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Phl is among top favorite of European investors in Asean

By Richmond Mercurio (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676017/phl-among-top-favorite-european-investors-asean MANILA, Philippines –  The Philippines is seen moving into the upper half of the 10-country Association of Southeast Asian Nations in terms of being a preferred investment destination among European companies despite ongoing issues that have saddled their interest in the country. […]

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Boutique airline plans to offer direct flights to Baler in March

By Imee Charlee C. Delavin Posted on February 27, 2017 http://www.bworldonline.com/content.php?section=Corporate&title=Boutique-airline-plans-to-offer-direct-flights-to-Baler-in-March&id=141298 BOUTIQUE AIRLINE Air Juan is looking to offer direct flights to Baler by next month as it anticipates an influx of tourists to the surfing spot this summer. The airline, which operates a fleet of nine-seater land and seaplanes, currently offers direct daily service […]

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