Friday, December 19, 2014
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  • Meralco sees 3.5% sales growth

    Meralco sees 3.5% sales growth

    Power sales by distributor Manila Electric Co., a major indicator of economic growth, will likely rise 3 percent this year and 3.5 percent next year, on the back of rising demand by commercial and industrial users, a top company official said Thursday. Meralco president Oscar Reyes said November sales grew...
  • RCBC seals deal with Cathay

    RCBC seals deal with Cathay

    Rizal Commercial Banking Corp. on Wednesday sealed a deal with Cathay Life Insurance Co. Ltd. of Taiwan, which agreed to acquire a 20-percent stake in the Philippines’ ninth largest bank for P17.92 billion. Cathay Life is a wholly-owned subsidiary of Cathay Financial, the largest publicly-listed...
  • Parañaque endorses SM bid

    Parañaque endorses SM bid

    The city government of Parañaque said Tuesday it endorsed the proposed 300-hectare reclamation project of SM Prime Holdings Inc. for government approval. Parañaque City said in a notice published on a newspaper it submitted the project documents to Philippine Reclamation Authority for evaluation...
  • Permanent ceiling on WESM prices up

    Permanent ceiling on WESM prices up

    The Energy Regulatory Commission is set to implement a permanent cap to avoid sharp increases in bid prices at the Wholesale Electricity Spot Market. ERC executive director Francis Saturnino Juan told reporters the implementation of the secondary cap at WESM lapsed on Dec. 8 and the regulator was set to come...
  • PH still underrated–Purisima

    PH still underrated–Purisima

    Finance Secretary Cesar Purisima on Sunday welcomed the Philippines’ second credit rating upgrade by Moody’s Investors Service in over a year, but said the country, which significantly reduced its debt, remains underrated. “We believe the Philippines is still a notch underrated,”...

All Business

Meralco sees 3.5% sales growth

12 hours ago | 0 comment
Meralco sees 3.5% sales growthPower sales by distributor Manila Electric Co., a major indicator of economic growth, will likely rise 3 percent this year and 3.5 percent next year, on the back...

Electronics sector hikes export goal

12 hours ago | 0 comment
Electronics sector hikes export goalThe electronics and semiconductor sector on Thursday raised the 2014 export growth target to 11 percent from the previous estimate of 5 percent to 8...

Sin taxes jump 40% to P91.6b — Finance

13 hours ago | 0 comment
Sin taxes jump 40% to P91.6b — FinanceExcise tax collection from cigarettes and alcohol beverages jumped 40 percent to P91.64 billion in the first nine months, exceeding the target by around P27...

Very Important Prisoners

13 hours ago | 0 comment
Very Important PrisonersWe developed a migraine listening to Bureau of Corrections director Franklin Bucayu fumble his way through an interview with ABS-CBN broadcast journalist Ted...

Cusp

13 hours ago | 0 comment
CuspIt’s the week before Christmas. Manila escaped the potential wrath of typhoon Ruby (international name Hagupit) but rains continue.

Aetas okay $200-m Subic solar project

13 hours ago | 0 comment
Aetas okay $200-m Subic solar projectBy Ditas Lopez The Philippines’ indigenous Aeta community has signed an agreement that paves the way for the construction of a pioneering renewable energy...

Court orders Romero firms to stop disrupting Harbour Centre

13 hours ago | 0 comment
Court orders Romero firms to stop disrupting Harbour CentreThe Pasig regional trial court on Thursday issued a permanent restraining order against R-II Builders Inc. and R-II Holdings Inc., two companies controlled by...

Govt awards 7 coal prospects

13 hours ago | 0 comment
Govt awards 7 coal prospectsThe Energy Department on Thursday awarded seven areas for coal exploration in Mindanao to three companies under the latest energy contracting round that aims to...

DBP lends P95.8m to Legazpi water firm

13 hours ago | 0 comment
DBP lends P95.8m to Legazpi water firmState-run Development Bank of the Philippines has extended a P95.8-million loan to support the expansion project of Legazpi City Water District and improve its...

2014 a banner year for air transport

13 hours ago | 0 comment
2014 a banner year for air transportThe Transportation Department said 2014 was a banner year for the air transport sector.

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