Ayala unit completes acquisition of German auto parts supplier
A UNIT of Ayala Corp. (AC) has completed the acquisition of a 94.9% stake in a German automotive parts supplier for €26.8 million.
In a...
Phoenix buys 2 firms for P6.26 billion
PHOENIX Petroleum Philippines, Inc. on Thursday said it secured board approval for the plan to buy liquefied petroleum gas (LPG) seller Petronas Energy Philippines,...
MRC Allied teams up with MEEC for renewable energy projects
MRC ALLIED, Inc. is partnering with Merge Energy and Environment Corporation (MEEC) to undertake renewable energy (RE) projects.
The property developer, which has diversified into...
How PSEi member stocks performed — July 6, 2017
Here’s a quick glance at how PSEi stocks fared on Thursday, July 6, 2017.
Lufthansa considers resuming flights to Manila
GERMAN flag carrier Lufthansa has sounded interest to fly again to Manila, citing the country’s “very” developed market and good economy.
“I can only say...
Why Philippine market matters most in ASEAN
By Arnold S. Tenorio, Research Head
FORGET mega-cities, or countries for that matter, if companies want to take part in ASEAN’s consumer growth story.
This is...
Citicore Power secures service contracts for 5 hydro projects
RENEWABLE ENERGY company Citicore Power, Inc. (CPI) on Wednesday said it entered into service contracts for five hydro power projects in Luzon.
In a statement,...
How PSEi member stocks performed — July 5, 2017
Here’s a quick glance at how PSEi stocks fared on Wednesday, July 5, 2017.
Removing VAT exemption on low-cost housing may crimp property market growth
THE residential market may experience a slowdown if the government’s tax reform plan, which removes tax exemptions on sale of low-cost housing, is approved,...
Jollibee loses trademark case against Jolliville
THE Intellectual Property Office of the Philippines (IPOPHIL) has junked Jollibee Foods Corp.’s trademark case against listed property firm Jolliville Holdings, Corp., saying the...
More townships seen to rise outside Metro Manila
By Arra B. Francia
PROPERTY developers would have to be more strategic in scouting for landbanking opportunities as more companies venture into township developments outside...
ABS-CBN, GMA Network both claim TV ratings lead in June
ABS-CBN Corp. and GMA Network, Inc. both claimed the lead in nationwide TV ratings in June, citing data from different research firms.
In a statement...