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Wednesday, October 17, 2018
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PHL Xin Ye to build 2 ore-stripping plants in 2019

PHILIPPINE Xin Ye Industry Ltd. Inc. (Xin Ye), a subsidiary of Taiwan Xinye Precious Metal Technology Co. Ltd., said it is planning to construct...

Megaworld to bring Belmont Hotel to Iloilo Business Park

ILOILO CITY—Property giant Megaworld is building its fourth Belmont Hotel inside its 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City. Belmont Hotel Iloilo will...

ASG Tech declared ‘big’ winner in business awards program

FOLLOWING a string of accolades it won this year, ASG Technologies Group Inc. was feted as “Enterprise Company of the Year Technology Software” by...

Now Corp. to sue DICT chief for fall of company’s stock prices

NOW Corp. plans to sue a Cabinet official for “causing the free fall of the company’s shares” due to his “reckless statements,” but for...

16 foreign firms want to partner with local electric co-ops to form...

SIXTEEN foreign firms have expressed interest to partner with electric cooperatives to put up clean-energy mini grids. According to the post-event survey conducted by the Alliance...

Meralco posts 5% electricity sales in first 9 months

THE Manila Electric Co. (Meralco) recorded a 5-percent increase in electricity sales from January to September this year as against the same period a...

BIR approves tax-free merger of San Miguel’s F&B business

CONGLOMERATE San Miguel Corp. (SMC) on Monday said the Bureau of Internal Revenue has allowed a tax-free transaction that involves the merger of its...

Udenna gets original proponent status for Davao monorail project

UDENNA Corp., the holding company of businessman Dennis A. Uy, has received from the Department of Transportation (DOTr) the original proponent status for its...

Honor opens pioneering brand shop at SM North Edsa in QC

HONOR Philippines, an affiliate of Huawei Consumer Business Group, has opened its first-ever authorized brand shop in Quezon City to further position its mobile-device...

Megaworld sees P10-billion sales from 4th residential condominium in Taguig

MEGAWORLD Corp., the property development arm of businessman Andrew Tan, on Monday said it is building its fourth residential condominium project in its 15.4-hectare...

DICT confident third telco to be named before year-end

THE chief of the Department of Information and Communications Technology (DICT) is now more confident his group will meet its target of announcing the...

Analysts: DoubleDragon vulnerable to rising rates

PROPERTY developer DoubleDragon Properties Corp. may spend P450 million per year in interest expense alone on its outstanding loan as a result of the...

AC Energy, AMI to develop 80-MW solar-power plant in Vietnam region

AC Energy Inc. and AMI Renewables Energy Joint Stock Co. will jointly develop up to 80 megawatts (MW) of solar-power capacity in Vietnam. Both signed...

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...
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