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Thursday, October 18, 2018

Companies

Briefs

Boutique hotel developer eyes ‘premium affordable’ market in BGC BOUTIQUE hotel developer Novel Residential Concepts Inc. is developing a condo-hotel close to Bonifacio Global City...

Cavitex Infra asks TRB to grant toll-rate hike

CAVITEX Infrastructure Corp. is seeking a 20-centavo-per-kilometer increase in toll rates from the Toll Regulatory Board (TRB) to recoup its P800-million investment in widening...

Razon firm to provide electricity to Iloilo

RAZON-LED More Minerals Corp. (MMC) is set to provide electricity in Iloilo following the grant of its legislative franchise to operate electricity distribution service. The...

5 more firms want to partner with PNOC for 1st LNG...

MORE firms have expressed interest to partner with the Philippine National Oil Co. (PNOC) to develop the country’s first liquefied natural gas (LNG) facility. PNOC...

DOTr may give ‘original proponent status’ to 2 firms to develop Davao,...

Chelsea Logistics Holdings Corp. and Mega7 Construction Corp. may soon receive the original proponent statuses (OPS) for their separate unsolicited proposals to develop and...

Asus gaming unit opens 4th concept store in PHL 

BEEFING up its presence in south of Metro Manila while ensuring quality customer experience, Republic of Gamers (ROG), an Asus sub-brand for gaming hardware...

MRC Allied to reorganize, consolidate assets

MRC Allied Inc. (MRC) said it will undergo a reorganization by consolidating all of its assets. It told the stock exchange on Thursday that the...

Globe Fintech lets GCash users transfer funds to 30 banks

GLOBE Fintech Innovations Inc., operator of the brand Mynt, now allows users of its e-money service GCash to transfer funds from their mobile wallets...

PCC tasks UK audit firm to monitor Grab

THE Philippine Competition Commission (PCC) has tapped a London-based audit firm to monitor and evaluate Grab Philippines for one year in complying with the...

Maynilad wins arbitration case vs PHL govt in Singapore court

MAYNILAD Water Services Inc., the concessionaire for the west zone of Metro Manila, on Wednesday said it won the arbitration case it lodged against...

The Magic Kingdom is going green

EVEN the visionary Walt Disney probably could not have imagined this one. The Walt Disney Co. is just months away from generating enough renewable...

Samsung family’s $4-billion tax strategy dragged into spotlight

ORDINARY families might stash spare cash under a mattress or in a safety deposit box. South Korea’s Lee family are so rich they spent...

BOC bolsters electronic-to-mobile program to protect data

THE Bureau of Customs (BOC) has issued a memorandum order to further strengthen its “electronic-to-mobile” (E2M) program to help maintain the integrity of customs...

FDI inflows in July rise to $914 million

FOREIGN investors were eager to put their money in the Philippine economy in hopes for long-term economic gains at the start of 2018’s second...

CLI books record sales of P6.17 billion in 9 months

PUBLICLY listed property developer Cebu Landmasters Inc. (CLI) is on track to meet its full-year financial target, following its posting record reservation sales of...

Polls, consumer sentiment lift McDonald’s 2019 outlook

GOLDEN Arches Development Corp. (GADC) believes 2019 will be another good year for its McDonald’s franchise business in the Philippines due to its steady...

Star Expressway now using RFID tech in toll plazas

THE Southern Tagalog Arterial Road (Star) Expressway is now equipped with RFID technology, Star Tollways Corp. said, offering motorists a more seamless travel south...

Top hospital execs gather in forum to discuss best health-care practices in PHL

To help cocreate value in the country’s health-care system, the chief executive officers (CEOs) of top hospitals in the Philippines gathered at the Asian...

China’s Tencent Holdings no longer one of world’s top 10 biggest...

MORE bad news for Tencent Holdings Ltd.: The Chinese Internet giant has lost its spot as one of the world’s 10 biggest companies. After shedding...

Local vape makers, users urge WHO to reverse e-cigarettes ban

THE group of vape industry leaders, players and users in the country has joined a global initiative to push the World Health Organization (WHO)...
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