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By Danessa Rivera (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676105/ptt-opens-coffee-shop-chain-local-franchisees MANILA, Philippines – PTT Philippines Corp., the local unit of Thailand’s largest petroleum company, has opened its coffee shop chain Café Amazon to local franchisees to widen its presence in the country as it diversifies to the coffee business from just marketing […]
By Ding Cervantes (The Philippine Star) Updated February 25, 2017 – 12:00am http://www.philstar.com/business/2017/02/25/1675429/clark-freeport-lures-1-b-new-investments CLARK FREEPORT, Pampanga, Philippines – The Clark Development Corp. has announced 71 lease agreements with investors who have committed over $1 billion worth of investments in the freeport in the next 10 years. In its annual report, the CDC said the agreements […]
By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:20 AM February 27, 2017 http://business.inquirer.net/225319/china-keen-putting-industrial-park-ph China is considering building an industrial park in the Philippines, promising to boost the local manufacturing sector and create more jobs as bilateral ties improve, according to Chinese Ambassador to the Philippines Zhao Jianhua. “In the Asean, we have already built […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 01:00 AM February 26, 2017 http://business.inquirer.net/225258/p7-b-hotel-casino-rises-greater-chinatown This year of the Fire Rooster is said to be an auspicious year for gaming. To take advantage of this, publicly listed MJC Investments Corp. (MJIC)—a partnership between Asia’s oldest horse racing club Manila Jockey Club Inc. (MJC) and a Hong Kong-based investor […]
By Iris Gonzales (The Philippine Star) Updated February 27, 2017 – 12:00am http://www.philstar.com/business/2017/02/27/1676012/trumps-america-first-has-consequences-phl-real-estate MANILA, Philippines – US President Donald Trump’s “America First” stance has consequences on the Philippine real estate sector — which has been driven largely by outsourced jobs from the US — even as industry players remain optimistic on the country’s property market. […]
(philstar.com) Updated February 15, 2017 – 1:20pm http://www.philstar.com/real-estate/2017/02/15/1668016/boracay-newcoast-projects-entice-business-and-real-estate-investors It seems that the island is already perfect as it is. But Megaworld’s Global-Estate Resorts Inc. brings the island to a whole new level. There’s more to look forward to in Boracay with the development of an integrated tourism property inspired by the world’s best beach neighborhoods. […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:14 AM February 16, 2017 http://business.inquirer.net/224622/san-miguel-offering-p20b-retail-bonds Conglomerate San Miguel Corp. has launched a new offering of retail bonds worth as much as P20 billion, raising fresh funds to refinance debt and fund massive capital outlays. SMC’s fixed rate bond offering consists of five-year bonds priced to yield 4.8243 percent […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 12:18 AM February 16, 2017 http://business.inquirer.net/224624/local-stocks-continue-weaken-higher-u-s-interest-rates-loom The local stock barometer fell below the 7,200 mark Wednesday as investors digested the latest stream of local corporate earnings reports and a looming US interest rate increase. Declining for the second straight session, the Philippine Stock Exchange index (PSEi) lost 32.54 points […]
By Louise Maureen Simeon and Rhodina Villanueva (The Philippine Star) Updated February 15, 2017 – 12:01am http://www.philstar.com/headlines/2017/02/15/1672432/denr-chief-cancels-75-mining-contracts MANILA, Philippines – Seventy-five more mining contracts have been cancelled in an intensified government crackdown on mines deemed destructive to watersheds. The cancelled contracts – representing almost a third of the country’s contracts for undeveloped mines – include […]
By Louella Desiderio (The Philippine Star) Updated February 16, 2017 – 12:00am http://www.philstar.com/business/2017/02/16/1672583/pldt-putting-p1-b-mindanao-fiber-optic-link MANILA, Philippines – PLDT Inc. is set to complete this year the nearly P1 billion fiber optic cable link that directly connects the provinces of Agusan to Davao, providing reliable connectivity to more homes and businesses in Mindanao. Spanning nearly 320 kilometers, […]
