AEV more than doubles capex to P77B this year

ABOITIZ Equity Ventures Inc. (AEV) said it is allocating a capital-expenditure (capex) plan of about P77 billion this year, more double what it actually...

Duterte cites Eternal Gardens

PRESIDENT Duterte cited memorial industry leader Eternal Gardens for its role in helping Filipinos prepare for the inevitable and secure their family’s future needs. Duterte...

Oppo eyes record sale of mobile phones in 2018

SMARTPHONE maker Philippine Oppo Mobile Technology Inc. may break its record sale of flagship mobile phones this year, a company official said, noting this...

SREC breaks ground for hybrid-power plant in Palawan

SABANG Renewable Energy Corp. (SREC) broke ground for its hybrid power plant in Palawan. SREC’s hybrid power plant will consist of 1.4 megawatts of solar power with...

ABS-CBN pumps in P592 million to boost cable, Internet business coverage,...

MULTIMEDIA conglomerate ABS-CBN Corp. is pumping in half a million pesos in additional investment in its cable and Internet businesses to expand the latter’s...

Shell remains keen on LNG project in PHL

SHELL Philippines remains keen on a liquefied natural gas (LNG) investment in the country, even as the company has yet to formally inform the...

ICTSI increasing port capacities, bracing for US-China trade war

RAZON-LED port operator International Container Terminal Services Inc. (ICTSI) said it wants to increase the capacities of its facilities in Mexico and Iraq on expectations...

Globe sees e-games revenues booming

GLOBE Telecom Inc. sees a huge potential in the e-gaming industry, a budding sector in the Philippine that could generate millions of pesos in...

Developer investing P5 billion in new Cavite township

A MAJOR construction company and property developer is investing P5 billion in the initial phases of a 200-hectare master-planned township in Cavite province. HG-III Construction...

SSS, GSIS subscribe to Ayala Land’s P10-billion bond sale

PROPERTY developer Ayala Land Inc. on Wednesday said the two state-owned pension funds subscribed to its current P10-billion bond offer. Augusto Cesar D. Bengzon, Ayala Land’s...

Radisson Red set to open 1st hotel in PHL next year

ADDING more rooms to improve the tourism industry in Cebu, the first Radisson Red Hotel in the country is set to open its doors...

Vehicle importers hurt by higher excise tax

VEHICLE importers were wounded by the implementation of a higher excise tax on automobiles, as they suffered a 2-percent drop in sales in the...

MGI gets COC for Batangas power station

MAIBARARA Geothermal Inc. (MGI) has secured a Certificate of Compliance (COC) for its 12-megawatts Maibarara-2 power station in Santo Tomas, Batangas. MGI is a joint...

Shippers laud new SBITC container terminals

THANKS to the efficiency of new container terminals (NCT) 1 and 2 in the Subic Freeport Zone, the Subic Bay International Terminal Corp. (SBITC)...

LBC incurred flat income to P1.37 billion before tax in 2017

COURIER LBC Express Holdings Inc. (LBC) said its income before tax last year was flat at P1.37 billion, compared to the P1.33 billion it made in...

PLDT: Rocket Internet shares ‘still valuable’

DIGITAL services provider PLDT Inc. still finds its shares in Rocket Internet, a German tech company where it invested an initial amount of €333...

PCC clears Alterpower’s purchase of Enfinity shares

THE Philippine Competition Commission (PCC) has cleared the acquisition of Enfinity Philippines Renewable Resources Fourth Inc. shares by Alterpower Specialist Inc. This effectively gives Alterpower...

Cebu Pacific invests $25 million for training of future pilots

GOKONGWEI-LED Cebu Pacific is investing over $25 million (about P1.3 billion) for the 52-week overseas aviation training of 16 cadets at Flight Training Adelaide...

TV5 shifts to sports, assures no cutback on employment

MANUEL V. Pangilinan-led TV5 Network Inc. guaranteed on Tuesday that there will be no retrenchment of its people as the company had repositioned itself...

PetroEnergy income reached $8.46 million last year

PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher...