LIGHT RAIL Manila Corp. (LRMC), operator of Light Rail Transit Line 1 (LRT-1), said 90% of the right of way for the Phase 1 of the LRT-1 Cavite Extension Project has been acquired.

THE RETAIL electricity supply business of Manila Electric Co. (Meralco) has significantly lost market share since rules on retail competition and open access (RCOA) were implemented, although the distribution utility has gained some ground in recent months, the latest report from the Philippine Electricity Market Corp. (PEMC) showed.

ITALPINAS DEVELOPMENT Corp. (IDC) is expecting to reach P3 billion in sales next year with the scheduled launch of the next phases of its mixed-use condominium projects in Batangas and Cagayan De Oro.

MerryMart Grocery Centers, Inc. of businessman Edgar J. Sia II has inked its first franchise agreement for a MerryMart Store after opening its first supermarket in April.

GLENN BARIT’S debut feature Cleaners, a stop-motion film made from photocopied stills, won QCinema International Film Festival’s top award along with the Best Screenplay and the Audience Choice Awards during the awarding ceremony held on Oct. 18 at the Novotel Manila Araneta Center in Quezon City.

THE GOVERNMENT made a partial award of the Treasury bills (T-bills) it offered yesterday, rejecting all bids for the shortest tenor as rates climbed amid rising expectations of another cut in banks’ reserve requirement ratios (RRR).

SOCIAL MEDIA Consultant Chat Shaw (not her real name) was enrolled in SLU Girl’s High when she watched the all-male band Neocolours at the University of Baguio in Baguio City in 1989, three decades ago.

WITH mounting woes from commuters every single day, the government is now up and about in finding ways to solve traffic in Metro Manila. World-renowned architect Jason Pomeroy suggests one solution for this -- big data analytics.

TOKYO — Japan’s major financial institutions are set to undergo a stress test to prepare for any major shakeout in financial markets in light of worries about a global recession and a protracted Sino-US trade war, sources with direct knowledge of the matter told Reuters on Monday.

FOLLOWING VIETNAM’s lead in banning DreamWork’s animated feature Abominable over a scene showing China’s controversial “nine-dash line map,” the Philippines and Malaysia have also banned the film from showing in their cinemas.

FEDERAL Land, Inc. and Japan’s Orix Corp. recently launched a new residential project in Ortigas Center, Pasig City.

SHANGHAI — China on Monday unexpectedly kept unchanged its new benchmark lending rate, suggesting Beijing is keen to avoid overly loosening monetary policy for fear it may push up already-high debt levels across the economy.