Construction of Clark industrial park for Chinese firms may start in 2019

CONSTRUCTION OF a planned industrial park catering to Chinese firms in New Clark City, Pampanga may start next year, the Bases Conversion and Development Authority (BCDA) said.

DMW keen on gov’t infrastructure projects

D.M. Wenceslao & Associates, Inc. (DMW) is planning to participate in infrastructure projects of the government which may require expertise on dredging, land reclamation or horizontal construction, a top official said.

Suzuki plans 3 more showrooms in Mindanao cities

DAVAO CITY — Suzuki Philippines, Inc. is expanding its marketing and distribution network in Mindanao as it eyes showrooms in the cities of Tagum, Surigao and Dipolog after the recent opening of the Suzuki Auto Davao store.

Joint venture wins bid to take over debt-saddled Zamcelco

THE JOINT VENTURE between Crown Investment Holdings, Inc. and Desco, Inc. won the right to manage and operate the ailing Zamboanga City Electric Cooperative, Inc. (Zamcelco) in a P2.5-billion bid to take over the city’s debt-ridden distribution utility.

SteelAsia output hits 1-million MT in 1st half

STEELASIA Manufacturing Corp. reported its output of steel bars jumped 11% year-on-year to over a million metric tons (MT) in the first half of 2018, citing strong demand from the public and private sectors.

OUTLIER: Jollibee Foods Corp. (JFC)

JOLLIBEE FOODS CORP. (JFC) was one of the most actively traded stock in the local stock exchange last week with analysts pointing to the rebalancing of a global equity index that increased the stock’s weight, as well as expansion and solid sales.

How PSEi member stocks performed — August 31, 2018

Here’s a quick glance at how PSEi stocks fared on Friday, August 31, 2018.

July auto sales down over 24% — CAMPI/TMA

AUTO SALES fell 24.1% year-on-year in July, according to a joint monthly report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA).

MWSS says no imminent water shortage

THE Metropolitan Waterworks and Sewerage System (MWSS) has downplayed fears of a water shortage expressed by a water concession holder, saying that no shortage is imminent.

Metro Pacific’s Cavite toll roads adopt upgraded toll collection system

MPCALA Holdings Inc said it entered into a partnership with Egis Projects Philippines, Inc (EPPI) to operate an electronic toll collection system for the Cavite-Laguna Expressway and Manila-Cavite Expressway, which will allow transactions of 1,200 vehicles per hour.

AC Infra, Zalora unit in logistics investment tieup

THE infrastructure unit of Ayala Corp. (AC) is teaming up with Germany’s Brillant 1257 GmbH & Co. Vierte Verwaltungs Kg. (Brillant) to form a new holding company that will handle investments in the logistics sector.

FDC hopes to complete Clark hotel expansion by SEA Games

FILINVEST Development Corp. (FDC) is hoping to complete the renovation and expansion of its Quest Hotel and Conference Center in Clark, Pampanga in time for the 2019 Southeast Asian Games.