ERC extends 3 firms’ certificates of compliance
TWO power generation companies and an electric cooperative have secured an extension of their respective certificates of compliance (CoC) from the Energy Regulatory Commission...
Jollibee capex set to double amid aggressive store expansion
JOLLIBEE Foods Corp. said it is looking to breach the 4,000-store level across all its brands in 2017, while allocating P14.7 billion in capital...
Century Pacific sees international businesses driving profit
CENTURY Pacific Food, Inc. (CNPF) said margin pressures seen in the home market mean its international investments will help drive profit growth to double-digit...
Government swings back to budget deficit in May
THE GOVERNMENT’S fiscal position swung back to a deficit in May as the growth in expenditures outpaced revenue expansion, it reported on Friday.
In a...
MPIC open to compromise on toll hike disputes
METRO Pacific Investments Corp. (MPIC) is open to a possible compromise to resolve its disputes with the government over rate hikes for its toll...
LT Group sets P10-B capex for firms’ expansion efforts
LT GROUP, Inc. is counting on a better business environment alongside the Duterte administration’s intensive infrastructure program to help boost its performance in 2017.
The...
Megaworld unveils P30-B township in Pampanga
SAN FERNANDO, PAMPANGA -- Megaworld Corp. will be developing a P30-billion township in San Fernando, Pampanga over the next ten years, its first integrated...
Cebu Pacific pushes back A321NEO deliveries
CEBU PACIFIC on Wednesday said it is deferring the start of delivery of 32 A321NEO units originally scheduled this year to the fourth quarter...
Local parts makers hit Toyota, Mitsubishi for ignoring small firms
TOYOTA MOTORS Philippines Corp. (TMP) and Mitsubishi Motors Philippines Corp. (MMPC) have ignored Filipino-owned parts makers “in favor of the Japanese companies” based here...
Cebu Pacific mounts 2 new flights from Cagayan de Oro
CEBU PACIFIC is set to launch two new routes from its Cagayan de Oro hub in March, as it further expands its domestic network.
In...
STI unit gets ‘Aa’ rating for P3-B bonds
STI COLLEGE scored a double “A” from Philippine Rating Services Corp. (PhilRatings) for the issuance of bonds worth P3 billion.
In a statement released on...
Malaysian mall owner woos Philippine retailers
A MALAYSIAN mall owner is trying to attract Philippine retailers offering American-style fastfood and lifestyle clothing to set up shop in the Southeast Asian...