27 C
Manila
Thursday, September 20, 2018
Home Business

Business

Pag-ibig H1 income reaches P16.09 billion

THE Home Development Mutual Fund (Pag-IBIG) has reported a net income of P16.09 billion for the first six months of the year, increasing by...

DOTr to finish guidelines for development of regional airports by year-end

THE Department of Transportation (DOTr) aims to complete within the year the legal and administrative processes for the implementation of two separate unsolicited proposals...

CLI fully spent P2.15-billion IPO funds raised for expansion

PROPERTY developer Cebu Landmasters Inc. (CLI) bared on Wednesday the full utilization of the P2.15-billion capitalization it raised from the sale of over 400...

Online hiring 18% in PHL

DESPITE recent economic headwinds experienced by the economy, online hiring in the Philippines increased 18 percent on the back of robust online hiring activities...

Government to push for investment in mini-power grids in 3-day forum

THE Department of Energy and the Alliance for Rural Electrification with the support of the European Union and the Philippine National Electrification Administration, will...

Phoenix Petroleum to freeze gas prices in calamity areas

PHOENIX Petroleum Philippines Inc. is implementing a price freeze on gasoline and diesel products in areas declared under a state of calamity (SOC) following...

Taiwan firm defers I.P.O. plan to raise P6.77 billion

TAIWANESE firm Cal-Comp Technology Philippines Inc. on Wednesday said it is deferring its initial public offering, citing jittery market conditions. Cal-Comp’s deferment comes days after the...

W.F.M.A. signs accord with Fortune Life, Eternal Plans

World Financial Marketing Alliance (WFMA) entered into an agreement with Fortune Life Insurance Corp. and Eternal Plans Inc. for it to offer the insurance...

Moody’s paints rosy long-term outlook for Philippine banks

THE Philippine banking system is gearing up for robust growth in the next decade, international credit watcher Moody’s Investors Service said on Tuesday, owing largely...

SMC formally submits to DOTr proposal for New Manila Airport in Bulacan

DIVERSIFIED conglomerate San Miguel Corp. (SMC) submitted to the Department of Transportation (DOTr) on Monday its revised unsolicited proposal for the construction of the New Manila...

Filipinas in Global Network

“I had to make my own living and my own opportunity! But I made it! Don’t sit down and wait for the opportunities to...

Toby’s: From a Disney character shop to a popular sports gear store

For Roberto “Toby” Claudio Jr., the name behind Toby’s Sports, the largest network of sporting goods stores in the country today, an entrepreneur has to be...

AGI plans to spend P240-billion capital expenditures through 2020

ALLIANCE Global Group Inc. (AGI), the holding firm of businessman Andrew L. Tan, on Tuesday said it will spend P240 billion in capital expenditures...

Dubai firm interested to partner with PNOC to build PHL’s LNG hub

LLOYDS Energy Group of Dubai has expressed interest to submit soon a solicited proposal to the Philippine National Oil Co. (PNOC) for a partnership...

PetroSolar gets BOI okay for Tarlac solar project

PETROSOLAR Corp. (PetroSolar) has secured from the Board of Investments (BOI) a Certificate of Registration for its 20-megawatt (MW) Tarlac-2 Solar Power Project located...

Hyundai sales down 8.7% in August

HYUNDAI Asia Resources Inc. has yet to recover from its slow performance this year, as the firm’s sales declined 8.7 percent in August. In a...

 Cebu Pacific restarts operations at Tuguegarao Airport to aid in Ompong relief

THE Philippines’s leading airline, Cebu Pacific, resumed operations at the Tuguegarao Airport on Tuesday, September 18, to aid in relief efforts following the damage...

BIR clarifies revenue rules for imposing deficiency interest, delinquency interest

THE Bureau of Internal Revenue (BIR) has issued a revenue regulation (RR) clarifying when the imposition of a deficiency interest shall be made as...

Clark Marriott Hotel holds grand opening

THE first five-star hotel in the Clark Freeport is now open to the public after its grand opening on Friday. Clark Marriott Hotel, owned by...

ANI to import 2 MMT of rice yearly

LISTED agriculture firm AgriNurture Inc. (ANI) is set to import as much as 2 million metric tons (MMT) of rice annually, starting next year,...