PHAP says it can lower medicine prices if gov’t buys in bulk
PHARMACEUTICAL companies are proposing to cut prices of 150 medicines for 36 disease categories by up to 75%, if the government buys the medicine in bulk and sells them through state hospitals.
Lucio Tan’s grandson appointed as Tanduay president, COO
THE grandson of tycoon Lucio C. Tan and son of the late Lucio “Bong” K. Tan, Jr. is entering the family business, assuming his father’s roles at the Tan group of companies.
How PSEi member stocks performed — December 18, 2019
Here’s a quick glance at how PSEi stocks fared on Wednesday, December 18, 2019.
Phoenix-CNOOC venture junks LNG terminal project
PHOENIX Petroleum Philippines, Inc. and CNOOC Gas and Power Group Co., Ltd. have asked the Department of Energy (DoE) to suspend its proposal to build a liquefied natural gas (LNG) import terminal in the country, government officials said on Tuesday.
Philab set to launch digital genetic services in PHL
LISTED Philab Holdings Corp. is making a push towards genetics-based healthcare as it changes its name to DNA Holdings Corp. and teams up with Hong Kong’s Prenetics Ltd. to launch a digital genetic services in the Philippines
Globe taps DBP for P5-B term loan as it ramps up capital spending
GLOBE TELECOM, Inc. said it signed a P5-billion term loan with the state-run Development Bank of the Philippines (DBP), as it is set to continue ramping up capital spending to improve data infrastructure in the country.
Antique airport to be completed by Q3
INFRASTRUCTURE firm Verzontal Infrastructure Corp. (VIC) is hoping to complete the P283-million Antique Airport Development Project by August next year.
China’s CCCC, Macroasia win $10-B Sangley airport project
MANILA — China Communications Construction Co. Ltd. (CCCC) and its local partner have won an auction for a $10 billion airport on the outskirts of Manila, the latest move by Chinese state firms to gain a foothold in the Philippines.
Cebu Pacific becomes IATA member
CEBU PACIFIC on Tuesday said it has formally joined the International Air Transportation Association (IATA), a trade association for the global airline industry.
Developer drops plan to use Supercity as vehicle for backdoor listing at PSE
THE plan of Manila Bay Development Corp. (MBDC) to use Supercity Realty Development Corp. (SRDC) as vehicle for a backdoor listing at the Philippine Stock Exchange (PSE) is no longer pushing through.
Transport network companies asked to explain why fares spiked in December
THE Land Transportation Franchising and Regulatory Board (LTFRB) said it summoned Transport Network Companies (TNCs) over complaints from commuters that fares have spiked starting December.
How PSEi member stocks performed — December 17, 2019
Here’s a quick glance at how PSEi stocks fared on Tuesday, December 17, 2019.