By: Den Somera Philippine Daily Inquirer 01:04 AM May 09, 2017 http://business.inquirer.net/229129/market-footprint The benchmark Philippine Stock Exchange index (PSEi) elicited excitement from the market last Friday when it soared to a session high of 7,893.43, or 225.01 points short of the 52-week high of 8,118.44 in June 2016. But with gains building up too fast […]
The private firm says it can complete the P52-billion project by 2020 if it gets the go signal immediately, but it will also give way if the government decides to handle the project By Rappler.com Published Sun, May 7, 2017 11:40 PM http://www.rappler.com/business/169165-visayas-mindanao-interconnection-power-grids-ngcp-transco MANILA, Philippines – Henry Sy Jr-led National Grid Corporation of the Philippines […]
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 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 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 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: 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. […]
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: 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 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 […]