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Tuesday, October 23, 2018
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Senators expect third telco by February

SENATORS sitting in the Committee on Public Services expect the entry “early next year” of a third telecommunication (telco) provider seen to compete with...

LandBank lowers offer price for PDS shares

THE Land Bank of the Philippines (LandBank) said its new offer price to buy the majority stake in the Philippine Dealing System Holdings Corp....

AC Energy in talks with investors for another thermal-power asset

AC Energy Inc. on Monday said it is in discussions with investors for the sale of another thermal-power asset. “AC Energy has announced its intention...

DOE ready to cancel service contract for Colossal Petroleum

THE Department of Energy (DOE) is poised to cancel the awarding of a petroleum service contract (PSC) to local firm Colossal Petroleum Corp., an...

Entrego spending P1 billion for new sorting facility

AYALA-LED logistics firm Entrego Fulfillment Solutions Inc. is spending more than P1 billion through next year to establish a sorting center in southern Metro...

SteelAsia to invest P25B in two wire-rod mills

(Story updated to correct amount of investment from dollars to pesos) THE country’s largest steel manufacturer has invested P25 billion on two wire-rod mills that...

Meralco sees better financial results in Jan-Sept from higher energy sales

THE Manila Electric Co. (Meralco) is expecting to post “slightly better” financial results for the nine-month period to September 2018, mainly on account of...

SMC unit to expand Pangasinan hydropower plant capacity to 1,200 MW

STRATEGIC Power Development Corp. (SPDC), the independent power producer administrator (IPPA) of the 345-megawatt San Roque power plant in Pangasinan, wants to expand the power...

Jollibee opens first branch in London

FAST-FOOD company Jollibee Foods Corp. opened its first Jollibee branch in the United Kingdom over the weekend, part of the company’s accelerated expansion plans...

Marina allows Negros Navigation to operate several routes between Manila, Mindanao

THE Maritime Industry Authority (Marina) has permitted Negros Navigation Co. Inc., the holding company of 2GO Group Inc., to provisionally operate several routes between...

Megaworld expects sales of P700 million in its first condo in...

MEGAWORLD Corp., the property development arm of businessman Andrew Tan, said it is launching its first residential development inside the 140-hectare Maple Grove in...

Petron can sell gas to PNOC at discount

PETRON Corp., the country’s largest oil company, said on Thursday that it could extend to the Philippine National Oil Company-Exploration Corp. (PNOC-EC) as much...

NPC directs FB to provide insurance to 700,000 Pinoys whose accounts...

THE Philippine government has directed Facebook to provide insurance to more than 700,000 Filipinos whose social-media accounts were compromised in a large-scale data breach...

Government urged to allow firms to test emerging tech

THE government must look into emerging technologies and allow companies that test them to flourish, an advocate said on Thursday, to help improve the...

FLI inaugurates Amarilyo Crest facility in Eastern Metro Manila

GOTIANUN-led Filinvest Land Inc. (FLI) on Thursday said it inaugurated the amenity area of Amarilyo Crest, one of the seven residential communities in the...

Meralco vying to supply power to BCDA

THE Manila Electric Co. (Meralco) is one of two shortlisted entities vying for a contact to supply power to the Bases Conversion and Development Authority...

Systems review to put Felcris Group up front anew in Mindanao...

DAVAO CITY—Owners of a chain of superstores and convenience outlets in Mindanao were bent on keeping the Felcris brand name upfront anew in the...

Cemex invests $235 million in Solid’s Antipolo plant expansion

PUBLICLY listed Cemex Holdings Philippines Inc. (CHP) on Thursday said it has invested $235 million (about P12.7 billion) for the expansion of the facilities...

NEA, Toshiba explore building H2One system

THE National Electrification Administration (NEA) and Toshiba Energy Systems and Solutions Corp. will explore the possibility of constructing H2One, an autonomous energy supply system...

Huawei using lawsuit to seek China dominance, says former employee 

A former employee of Huawei Technologies Co. accused the mobile giant of using a lawsuit against his Silicon Valley start-up to steal intellectual property...
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