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By Danessa Rivera (The Philippine Star) Updated February 21, 2017 – 12:00am http://www.philstar.com/business/2017/02/21/1674200/solar-firm-debut-battery-storage MANILA, Philippines – Solar Philippines will showcase the country’s first solar farm equipped with batteries when it completes the first 50 megawatts (MW) of its largest solar project in Tarlac by mid-2017, its top official said yesterday. The company expects batteries to […]
By Danessa Rivera (The Philippine Star) Updated February 21, 2017 – 12:00am http://www.philstar.com/headlines/2017/02/21/1674305/gas-kerosene-prices-today MANILA, Philippines – Gasoline and kerosene prices will go up today as international oil prices continued to increase following producers’ agreement to cap production. The peso’s weakness against the US dollar also pushed local pump prices higher. In an advisory, SeaOil Philippines […]
By: Miguel R. Camus Philippine Daily Inquirer 03:05 AM February 21, 2017 http://business.inquirer.net/224936/paymaya-now-accepted-nlex-cavitex-follow PayMaya Philippines, the mobile digital payment app of PLDT Inc., can now be used at North Luzon Expressway (NLEx) and soon, Cavite Expressway (Cavitex). The app, which allows customers to transact using their mobile phones and mainly targets the country’s massive “unbanked […]
Experts say that aftershocks are still possible weeks, even months, after a major earthquake. How can we prepare for them? Gwen de la Cruz Published 9:45 PM, February 19, 2017 Updated 9:45 PM, February 19, 2017 http://www.rappler.com/move-ph/issues/disasters/161935-after-earthquake-house-building-owners-next-steps MANILA, Philippines – Following the magnitude 6.7 earthquake that hit Surigao City on February 10, more than 500 […]
ABS-CBN News Posted at Feb 20 2017 09:38 AM http://news.abs-cbn.com/business/02/20/17/britain-seeks-to-help-philippines-build-smart-cities MANILA – The United Kingdom is willing to help the Philippines build “smart cities” as it seeks closer economic ties with one of Asia’s fastest-growing economies while preparing to leave the European Union, an envoy said Monday. The eco-friendly metropolis, which British companies have showcased […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 05:22 PM February 20, 2017 http://business.inquirer.net/224898/cebu-landmasters-seeks-p3-8b-ipo Cebu-based property developer Cebu Landmasters Inc. (CLI) plans to raise as much as P3.8 billion from a stock debut this May, aiming to boost funds for expansion in key cities in Visayas and Mindanao. Quoting a prospectus it submitted to the Securities and […]
By Czeriza Valencia (The Philippine Star) Updated February 21, 2017 – 12:00am http://www.philstar.com/business/2017/02/21/1674193/duterte-favors-heavy-taxes-idle-lands-says-pernia MANILA, Philippines – President Duterte meant it when he said earlier this month that idle lands would be taxed heavily under his term unless these are brought to productive use, said Socioeconomic Planning Secretary Ernesto Pernia. He said the President threatened to […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 04:10 PM February 20, 2017 http://business.inquirer.net/224894/rlc-open-new-220-room-hotel-cebu Gokongwei-led property developer Robinsons Land Corp. is set to open a new 220-room hotel in Cebu City under its mid-to-upscale Summit Hotel and Resorts brand right beside its new shopping mall complex. In a press statement on Monday, Robinsons Hotels general manager Elizabeth […]
By: Fe Marie Dumaboc Inquirer Visayas 06:40 AM February 21, 2017 http://business.inquirer.net/224961/cebu-city-assures-filinvest-land-refund-cancelled-land-deal CEBU CITY — Cebu City Mayor Tomas Osmeña has assured Filinvest Land, Inc. (FLI) of a refund after it withdrew from a deal for the purchase of the 19.2-hectare lot at the South Road Properties (SRP). FLI senior vice president for VisMin Tristan […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 03:10 AM February 21, 2017 http://business.inquirer.net/224946/filinvest-backs-p6-76-b-cebu-project The Gotianun-led Filinvest consortium has backed out of a P6.76-billion deal to buy a 19.2-hectare reclaimed property from Cebu City, citing the local government unit’s failure to deliver its end of the bargain. In a disclosure to the Philippine Stock Exchange on Monday, […]
