Wednesday, November 26, 2014
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  • Ayala open to two rail hubs

    Ayala open to two rail hubs

    Conglomerate Ayala Corp. said Tuesday it is open to the proposal of the Transportation Department to build two common light rail stations near North Avenue in Quezon City as a compromise deal with the SM Group. Ayala Corp. managing director John Eric Francia told reporters the group was amenable to finding a...
  • Ayala to invest more in energy, infra areas

    Ayala to invest more in energy,...

    Conglomerate Ayala Corp. said it is committing equity investments of between $1.2 billion and $1.4 billion in power and infrastructure projects by 2016, slightly higher than the original target of $1 billion set in 2012. Ayala Corp. head of energy and infrastructure group John Eric Francia said in a press...
  • Govt may enforce IPP until ’17

    Govt may enforce IPP until...

    The Board of Investments plans to extend the effectivity of the 2014 Investments Priorities Plan until 2017, or a year after the term of the Aquino administration. Trade Undersecretary and BoI managing head Adrian Cristobal Jr. said the plan was to reposition the implementation timeline of the 2014 IPP a year...
  • How SCG became a top Asean conglomerate

    How SCG became a top Asean...

    Siam Cement Group, one of the leading conglomerates in Southeast Asia with a strong presence in the Philippines, shows the way to sustainable growth.  SCG, which was founded as a cement company in Thailand a century ago, has diversified to various industries, using innovative and sustainable...
  • BoP to register $3.4-b deficit

    BoP to register $3.4-b deficit

    The Bangko Sentral ng Pilipinas said Friday the balance of payments will likely end the year with a deficit of $3.4 billion, a development that will weigh down on gross international reserves and the value of the peso. The new 2014 BoP forecast is a reversal from the earlier estimate of a $1.1-billion surplus...

All Business

Oil prices extend losses ahead of OPEC meeting

8 hours ago | 0 comment
Oil prices extend losses ahead of OPEC meetingOil prices extended losses in Asia Wednesday as speculation swirls that the OPEC oil cartel will maintain output at this week's closely watched meeting...

Ayala open to two rail hubs

21 hours ago | 0 comment
Ayala open to two rail hubsConglomerate Ayala Corp. said Tuesday it is open to the proposal of the Transportation Department to build two common light rail stations near North Avenue in...

September imports shrank 2.6% to $5.6b

22 hours ago | 0 comment
September imports shrank 2.6% to $5.6bImports shrank 2.6 percent in September from a year ago, on lower purchases of electronic inputs and transport equipment, the Philippine Statistics Authority said...

ICTSI considers Subic port expansion

22 hours ago | 0 comment
ICTSI considers Subic port expansionPort operator International Container Terminal Services Inc. plans to expand Subic port, which started to attract more shipping lines.

Third-quarter growth seen at 6.3%

22 hours ago | 0 comment
Third-quarter growth seen at 6.3%Economic growth in the third quarter likely slowed to 6.3 percent from 6.4 percent in the second quarter, on sluggish government spending and lower farm output, a...

Metro Pacific wants govt to clarify policy on toll adjustments

22 hours ago | 0 comment
Metro Pacific wants govt to clarify policy on toll adjustmentsMetro Pacific Tollways Corp., the toll road unit of infrastructure conglomerate Metro Pacific Investments Corp., wants the Aquino administration to clarify its...

The Grinch who stole Christmas (tax exemptions)

22 hours ago | 0 comment
The Grinch who stole Christmas (tax exemptions)Anyone who thinks the Grinch is nothing but a fictional character is sadly uninformed. In the Dr. Seuss books, the Grinch is portrayed as a grumpy, cheerless...

China rate cut positive — Tetangco

22 hours ago | 0 comment
China rate cut positive — TetangcoBANGKO Sentral ng Pilipinas Governor Amando Tetangco Jr. said the surprise interest rate cut over the weekend by the People’s Bank of China will be positive...

Local solar company eyes economic zones

22 hours ago | 0 comment
Local solar company eyes economic zonesSolar Philippines is expanding its solar rooftop projects with a capacity of 10 megawatts to 20 MW to industrial users, company president Leandro Leviste said...

US approves P225-m aid to cut power cost

22 hours ago | 0 comment
US approves P225-m aid to cut power costThe Philippines and the US on Tuesday signed a P225-million program loan aimed at helping the Philippines bring down the cost of power.

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