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Monday, January 21, 2019

Organized labor mourns passing of Henry Sy Sr.

THE labor sector is mourning the death of retail king Henry Sy Sr. last Saturday. Labor and Employment Secretary Silvestre H. Bello III said Sy...

NGCP energizes transmission channels to power plants in Leyte-Samar

THE National Grid Corp. of the Philippines (NGCP) has successfully energized Line 2 of the Ormoc-Babatngon 138-kiloVolt  transmission facility at a cost of P697.56...

Asia Yachting wants to set up marine service hub in PHL

YACHT broker Asia Yachting plans to build a marine service center in the Philippines to replicate its success in Hong Kong, as it aims...

MyTown to build dormitory in Bonifacio Global City

PROPERTY developer Philippines Urban Living Solutions Inc. (PULS) broke ground on its largest dormitory to date, envisioned to house over 1,000 beds, green spaces...

PAL asks DOTr to fast-track PHL airport network

LEGACY carrier Philippine Airlines (PAL) is urging the Department of Transportation (DOTr) to fast-track the approval, award and construction of different airports in the...

Henry Sy Sr. led the professionalization of SM Group

BEFORE the death of Henry Sy Sr., the country’s acknowledged retail king, he made sure that the professionalism of the company he built from...

Moody’s upgrades rating of Coco Planters to ‘Ba3’

MOODY’S Investors Service on Thursday afternoon reported an upgrade to its rating of United Coconut Planters Bank (UCPB), on the back of expectations of...

To get cheaper fares, PAL passengers urged to book in advance

KALIBO, Aklan—The management of the Philippine Airlines (PAL) urged passengers to book in advance in order to avail themselves of cheaper plane prices. Jose Enrique...

Pru Life to set up own trust company in PHL

PRU Life UK said it is eyeing to open its own asset and trust company this year, to cater to the different financial needs...

ISO renews certification of D&L’s lab-testing capabilities

CHEMICAL manufacturer D&L Industries Inc. on Thursday said it has boosted its export capability with the renewal of its ISO/IEC 17025:2005 accreditation from the...

Puregold raises P4.7 billion from Lucio Co’s overnight share sale

PUREGOLD Price Club Inc., the grocery-chain operator led by businessman Lucio Co, on Thursday said it raised P4.7 billion from a top-up placement deal. The...

RedDoorz eyes triple expansion of rooms in PHL

BUDGET accommodations platform RedDoorz targets to triple the number of its rooms and properties within the year, as demand for the service continues to...

Infor Inc. receives $1.5-billion investment from shareholders

INFOR, a global software company, plans to tap the equity market to raise funds for its capital requirement. It reached an agreement with shareholders...

AboitizPower starts rehab work of Naga, Cebu plant

ABOITIZ  Power Corp. (AboitizPower) has started rehabilitation works on one of the four units of the Naga Power Plant Complex (NPPC) in Cebu. “We started the...

Manila Water’s wastewater management consistent with ‘Used Water Master Plan’

MANILA Water, the private water contractor and agent of the Metropolitan Waterworks and Sewerage System (MWSS) for the East Zone, said it is constructing...

DOE receives 331 applications for projects of national significance

THE Department of Energy (DOE) has received 331 applications from industry stakeholders seeking the certification of their power projects as “energy projects of national...

DOE: Government has other options aside from takeover of Peco

ENERGY Secretary Alfonso G. Cusi said on Wednesday there are other ways to address possible service interruption in Iloilo City other than a government...

Tanglawan Consortium to include PNOC in LNG project

TANGLAWAN Philippine LNG Inc. could take in state-firm Philippine National Oil Co. (PNOC) as a stakeholder in its capital-intensive LNG (liquefied natural gas) project. Tanglawan is...

PSE still studying if it will give up PDS shares to...

THE Philippine Stock Exchange Inc. (PSE) said it is assessing the reduced offer of state-owned Land Bank of the Philippines (LandBank) to the former’s...

Chelsea Logistics pulls out preferred shares offering

CHELSEA Logistics Holdings Corp., a company led by Davao businessman Dennis Uy, on Wednesday said it will not pursue its P5-billion preferred shares offering...
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