PSE index sinks lowest since January 2017

SHARE prices fell to their lowest level in about 17 months on Thursday following the increase of the country’s interest rate by the Bangko Sentral ng...

Eagle Cement to spend P4.5-B capex this year

EAGLE Cement Corp. said it plans to spend P4.5 billion in capital expenditures (capex) this year, mainly for its facilities in Luzon, as the...

PAL to impose surcharge on domestic flights to recoup losses from...

LEGACY carrier Philippine Airlines (PAL) seeks to impose a few hundred pesos of fuel surcharge on its domestic flights to help recoup its losses...

IRC changes name; pivots as an infra, mass-transport firm

IRC Properties Inc., previously a real-estate company, is pivoting into infrastructure and mass transport, after the company was able to bag original proponent status...

FLI launches Xavierville, QC project for students

PROPERTY developer Filinvest Land Inc. (FLI) on Thursday inaugurated its project called Studio A condominium development in Xavierville Avenue, Quezon City, targeted at students studying...

AirTrav to spend $6M to expand seaplane service in Manila’s docks

By Wynzyleen L. Lee / Special to the BusinessMirror PRIVATELY owned commercial aviation company AirTrav Corp. is spending $6 million (P320 million) to further expand its...

SEC approves 25-billion shelf registration of Nlex

THE Securities and Exchange Commission (SEC) has approved the P25-billion shelf registration of the fixed rate bond of Nlex Corp. The company said it would ...

IRC-led consortium secures original proponent status on $3.7-billion Makati Subway

LISTED firm IRC Properties Inc. on Wednesday said the company and its international consortium partners were granted an original proponent status for its proposed $3.7-billion Makati...

Group backs call to shut down Masinloc coal-fired power plant in...

THE Pambansang Lakas ng Kilusang Mamamalakaya (Pamalakaya) on Wednesday expressed its support behind the call of fishermen in Masinloc, Zambales, to stop the operation of...

Ayala Land Premier sells out 1st Davao development

AYALA Land Premier, the luxury brand of the country’s second-largest property developer, said it sold out its first development in Davao, pushing the company...

NWRB slaps Pepsi Cola with P11.8-million fine for illegal deep wells

THE National Water Resources Board (NWRB), an attached agency of the Department of Environment and Natural Resources (DENR), has fined Pepsi Cola  Products Philippines...

PAP urges government to retain gas-industry incentives

THE Petroleum Association of the Philippines (PAP) strongly urged the Duterte administration not to remove incentives for the upstream petroleum industry, especially due to...

Cruise ship arrivals seen bringing 329,000 visitors this year

CRUISE arrivals in the Philippines have been unaffected by the six-month closure of Boracay Island, a major day-tour destination for passengers. In an interview with...

DOE to lure Japan investors to LNG project

PHILIPPINE energy officials will attempt to lure in more natural gas companies in Japan to invest in the country’s liquefied natural gas (LNG) hub...

Grab allots P100 million monthly to subsidize its drivers

GIVEN that its drivers are making less than what is deemed as “decent” wage, ride-hailing app Grab Philippines is set to flex its financial...

DOLE investigating Pepsi, Jollibee for retrenchment of workers

THE Department of Labor and Employment (DOLE) said it is investigating beverage giant Pepsi-Cola Products Philippines for its alleged violation of labor laws after...

CLI signs deal with Ascott to manage Bacolod property

CEBU Landmasters Inc. (CLI) on Tuesday said it signed an agreement with The Ascott Ltd. for the management of Citadines Bacolod, the first hotel in the...

NGCP: Grid operations plans thwarted power-outage incidents this summer

THE National Grid Corp. of the Philippines (NGCP) said on Tuesday its grid operations and maintenance plan helped thwart power-outage incidents during summer months even when...

PPA allots P158 million to reclaim land in Palawan

CORON, Palawan—The Philippine Ports Authority (PPA) is spending P158 million to reclaim a portion of land in the port area to further expand the...

PAL begins flying A330 nonstop to New Zealand

FOUR-STAR Philippine Airlines (PAL) started utilizing its luxurious tri-class Airbus A330-343 on June 18, on its nonstop flights from Manila to Auckland, offering passengers the fastest and most...