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By Iris Gonzales (The Philippine Star) Updated March 19, 2017 – 12:00am http://www.philstar.com/business/2017/03/19/1682380/wilcon-prices-ipo-shares-p5.05-each MANILA, Philippines – Wilcon Depot Inc. has set the final price for its initial public offering at P5.05 per share. At that amount, the company is expected to raise P7.03 billion from the sale of 1.39 billion primary shares, which represent 34 […]
By Richmond Mercurio (The Philippine Star) Updated March 20, 2017 – 12:00am http://www.philstar.com/business/2017/03/20/1682722/steelasia-offers-acquire-natl-steel MANILA, Philippines – SteelAsia Manufacturing Corp., the country’s largest reinforced steel bar maker, is offering to acquire National Steel Corp. in Iligan City and convert it into a state-of-the-art steel manufacturing complex. In a statement over the weekend, SteelAsia said it submitted […]
By Richmond Mercurio (The Philippine Star) Updated March 19, 2017 – 12:00am http://www.philstar.com/business/2017/03/19/1682377/pcc-oks-sm-buyout-dormitory-builder MANILA, Philippines – The Philippine Competition Commission (PCC) has given its go-signal to SM Investments Corp. (SMIC)’s acquisition of a majority stake in a dormitory builder. PCC said it approved SMIC’s acquisition of SMIC of 61.2 percent shareholding in Philippines Urban Living […]
(The Philippine Star) Updated March 20, 2017 – 12:00am http://www.philstar.com/business/2017/03/20/1682726/telcos-face-continued-resistance-construction-cell-sites MANILA, Philippines – In the world’s social media capital, there are only 15,000 cell sites covering 140 million phone numbers. And so it is no wonder that mobile connectivity in the Philippines is among the slowest in the world, with efforts to improve telecommunications infrastructure […]
By Danessa Rivera (The Philippine Star) Updated March 20, 2017 – 12:00am http://www.philstar.com/business/2017/03/20/1682690/sulu-eyed-modular-nuclear-power-plant MANILA, Philippines – Sulu is among the areas being eyed for a modular nuclear power plant as the Department of Energy (DOE) targets to complete a nuclear energy program within the year. The Nuclear Energy Program Implementing Organization (NEPIO) is currently studying […]
By: Ronnel W. Domingo Philippine Daily Inquirer 12:12 AM March 18, 2017 http://business.inquirer.net/226330/p9-75-b-solar-power-project-breaks-ground CONCEPCION, Tarlac—Solar Philippines yesterday broke ground for its 150-megawatt project in this town, which would cost at least $195 million (P9.75 billion) and was expected to be able to produce enough energy for the entire province’s needs. Concepcion Solar Farm, expected to […]
By: Doris Dumlao-Abadilla Philippine Daily Inquirer 08:43 AM March 17, 2017 http://business.inquirer.net/226276/ayala-buys-2-renewable-energy-firms Conglomerate Ayala Corp. has scaled up its renewable energy portfolio with the acquisition of 100 percent of solar energy firm Bronzeoak Clean Energy and San Carlos Clean Energy. The acquisition is seen to provide the group’s energy development arm AC Energy with a […]
You can now fly from El Nido to Boracay and back! Potpot Pinili Published 6:27 PM, March 18, 2017 Updated 1:27 PM, March 19, 2017 http://www.rappler.com/life-and-style/travel/ph-travel/164562-airswift-first-el-nido-boracay-caticlan-flight EL NIDO, Philippines – El Nido and Boracay are now connected through a 45-minute flight via AirSwift! This means you can get your tan in El Nido in the […]
By Richmond Mercurio (The Philippine Star) Updated March 19, 2017 – 12:00am http://www.philstar.com/business/2017/03/19/1682370/top-business-groups-urge-speedy-completion-common-rail-station MANILA, Philippines – Leading business groups in the country have jointly called for the speedy execution of the common train station project that would link the Light Rail Transit Line 1 (LRT-1) and Metro Rail Transit (MRT) Lines 3 and 7. By […]
By: Miguel R. Camus Philippine Daily Inquirer 12:21 AM March 20, 2017 http://business.inquirer.net/226466/closure-redevelopment-naia-pushed The Philippines could realize massive investments to the tune of P5.4 trillion by closing and redeveloping Manila’s Ninoy Aquino International Airport, the Philippines’s main air gateway. This was according to conglomerate San Miguel Corp., which made an unsolicited offer to build a […]
