Saturday, October 25, 2014
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  • ANZ closes $315-m wind farm loan

    ANZ closes $315-m wind farm loan

    Australia and New Zealand Banking Group Ltd. said Friday it successfully closed the debt portion of funding for the $450-million Burgos wind project in Ilocos Norte province. Energy Development Corp., developer of the largest wind farm in the country, earlier signed a $315-million financing agreement with...
  • BSP keeps interest rates steady

    BSP keeps interest rates steady

    The Bangko Sentral ng Pilipinas on Thursday kept the benchmark interest rates unchanged, suspending its monetary tightening cycle this year as inflation pressures began to ease. The Monetary Board, the policy-making body of the Bangko Sentral, retained the key policy rates at 4 percent for overnight borrowing...
  • Caesars eyes casino near Naia

    Caesars eyes casino near Naia

    Caesars Entertainment Corp., the largest operator of US casinos, is seeking a license from the Philippine government to build a $1-billion resort near the Ninoy Aquino International Airport. Caesars Entertainment chairman Gary Loveman and Steven Tight, president of the Las Vegas-based casino owner’s...
  • Banks’ minimum capital hiked 3-fold

    Banks’ minimum capital hiked...

    The Bangko Sentral ng Pilipinas said Monday it increased the minimum capital requirements for banks by as much as 300 percent and capped real estate collateral at 60 percent of value in a bid to strengthen the financial system. The BSP said the policy-making Monetary Board increased the minimum capital...
  • DoE warns of 1-hour blackouts

    DoE warns of 1-hour blackouts

    Power consumers in Luzon should anticipate daily one-hour power outages during the dry months next year under a best- case scenario wherein shopping malls and other major offices will run their power generating sets, the Energy Department warned over the weekend. Energy Secretary Carlos Jericho Petilla said...

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ANZ closes $315-m wind farm loan

14 hours ago | 0 comment
ANZ closes $315-m wind farm loanAustralia and New Zealand Banking Group Ltd. said Friday it successfully closed the debt portion of funding for the $450-million Burgos wind project in Ilocos...

August imports fell 1.3% to $5.5b

14 hours ago | 0 comment
August  imports  fell 1.3%  to $5.5bImports fell 1.3 percent in August from a year ago, on lower orders for petroleum products and raw materials, data from the Philippine Statistics Authority show.

BSP sees room to hold rates this year

14 hours ago | 0 comment
BSP sees room to hold rates this yearThe Bangko Sentral ng Pilipinas sees room to extend a pause in interest rate increases for the rest of this year if inflation remains manageable, Governor Amando...

LNG plant to deliver 400 MW in early 2015

14 hours ago | 0 comment
LNG plant to deliver  400 MW in early 2015Energy World Corp. of Australia said Friday it expects to complete a unit of a new liquefied natural gas-fired power plant in Pagbilao, Quezon to deliver 400...

Vermiculture promoted

14 hours ago | 0 comment
Vermiculture promotedThe Agriculture Department, Cordillera Integrated Agricultural Research and City Veterinary Office in Baguio City, have launched a project to determine the...

Philip Morris, Mighty exchange accusations

14 hours ago | 0 comment
Philip Morris, Mighty exchange accusationsPhilip Morris Fortune Tobacco Corp. said Friday the government should first secure full compliance by all cigarette manufacturers to the so-called sin tax law,...

Peso posts weekly advance

15 hours ago | 0 comment
Peso posts weekly advanceThe Philippine peso completed its first weekly gain since August, on speculation a selloff of the nation’s stocks is easing.

Misamis plant bidding

15 hours ago | 0 comment
Misamis plant biddingPower Sector Assets and Liabilities Management Corp. said it will hold the bidding for the right to manage the output of the 210-megawatt Mindanao coal-fired...

Stock market falls; Bloomberry climbs

15 hours ago | 0 comment
Stock market falls;  Bloomberry climbsStocks fell for the second day, a day after the Bangko Sentral ng Pilipinas kept benchmark interest rates unchanged and following mixed trading in Asian markets.

Cosco plans to build Laguna mall

15 hours ago | 0 comment
Cosco plans to build Laguna mallCosco Capital Inc., the holding company of  tycoon Lucio Co, said Friday it will build a community mall in Laguna province.