Alfamart to add 200 PHL stores
INDONESIAN mini-mart chain Alfamart is planning to open 200 new stores in the Philippines next year, according to a report by Fitch Ratings.
Beijing-based 51Talk recruiting more online English teachers in Philippines
ONLINE English education platform 51Talk is aiming to increase its number of Filipino teachers from 16,000 to 100,000 within the next five years, as demand for online foreign teachers in China continues to grow.
Ayala Group focusing on four business areas with ‘tremendous’ growth potential
AYALA CORP. has decided to focus on four business areas that hold “tremendous” potential in bringing the Philippines to where the group envisions it to be in the next 30 years and bring a lasting, meaningful impact in building a future-ready country.
Seaoil’s Davao oil depot gets BoI perks
THE Board of Investments (BoI) has approved the registration of Seaoil Philippines, Inc.’s four storage-tank oil depot in Davao del Sur with a total capacity of 36.9 million liters of both gasoline and diesel fuels.
How PSEi member stocks performed — December 11, 2018
Here’s a quick glance at how PSEi stocks fared on Tuesday, December 11, 2018.
Philippine Stock Exchange's most active stocks by value turnover — December...
PAL, CebuPac expect better Q4
THE listed operators of Philippine Airlines (PAL) and Cebu Pacific expect to see better financial performance in the fourth quarter, as jet fuel prices have gone down.
BPO industry poised for rebound
THE Philippine business process outsourcing (BPO) industry is headed toward a resurgence in 2019, as the rise in wages in the United States coupled by the weaker peso are encouraging multinational firms to move back to the country.
Damosa Land breaks ground for new office building in Davao City
DAVAO CITY — Damosa Land, Inc. (DLI), the property arm of the Floirendo-owned Anflo Management and Investment Corp. (ANFLOCOR), broke ground over the weekend for its new office building inside the Damosa Information Technology Park here.
Aboitiz unit’s floating solar energy system completed by Q1
SN Aboitiz Power-Magat, Inc. expects to complete the construction of its pilot floating solar energy system on Magat dam in the first quarter of 2019 in time for the onset of the rainy season to test the project’s ability to withstand rough weather.
MRC Allied to boost solar energy generation capacity
MRC Allied, Inc. targets to add 42 megawatts (MW) from solar power plants to its portfolio in 2019, as it boosts its solar energy generation capacity.
PLDT closes IFC’s $40-M investment in Voyager
INTERNATIONAL Finance Corp. (IFC) and IFC Emerging Asia Fund has completed their $40-million investment in Voyager Innovations, Inc., according to the tech company’s parent PLDT, Inc.
BIR shutters Mann Hann chain, Hennan’s Bohol resort
THE BUREAU of Internal Revenue (BIR) on Monday said it has shuttered the operations of the popular Mann Hann restaurant chain and Hennan Resort in Panglao, Bohol for underdeclaring sales.