DNL eyes more partnerships with global food manufacturers

D&L Industries, Inc. (DNL) targets to seal more partnerships with global food manufacturing companies, similar to its existing one with United States-based food manufacturer Ventura Foods, in a bid to further grow its exports business.

IRC proposes mass transport system in Makati

IRC Properties, Inc., now led by businessman Antonio L. Tiu, is seeking to build a mass transportation system within Makati City to address traffic congestion in the country’s central business district.

Robinsons opens up Manila Bay project to Airbnb, HomeAway

ROBINSONS LAND Corp. (RLC) is opening up one of its residential developments in the Bay Area to home-sharing online apps, seeking to capture the rising tourist market in the area.

Factory activity best in five months

PHILIPPINE manufacturing activity saw “solid improvement” in May, picking up for the third straight month on growing demand despite “intensified” cost pressures passed on to customers via higher prices, according to the latest monthly tracking IHS Market conducted for Nikkei, Inc.

Duterte to sign loan, cooperation agreements with South Korea

PRESIDENT Rodrigo R. Duterte is set to sign four memoranda of understanding (MoU) with the South Korean government during his first official visit on June 3 to 5.

Cavitex widening, Marina flyover sees early completion

ADVANCED completion in July is being targeted for the Manila-Cavite Expressway (Cavitex) road-widening project and the construction of the southbound Marina flyover.

Around half of establishments with productivity schemes in 2015 availed of tax incentives —...

OF THE 2,448 establishments that set up productivity schemes in 2015, around half availed themselves of tax incentives under the Productivity Incentives Act of 1990 (Republic Act 6971), according to the latest biennial Integrated Survey on Labor and Employment conducted by the Philippine Statistics Authority (PSA).

DoubleDragon gets PSE nod for follow-on offering schedule

DOUBLEDRAGON PROPERTIES Corp. announced on Friday that the stock exchange has approved the updated timetable for its follow-on offering, which could raise up to...

H2O investors hold on to shares after Udenna offer to buy

NO SHARES were tendered after Udenna Corp. offered to buy 37.994% of Philippine H20 Ventures Corp.’s issued and outstanding common shares to complete its acquisition of the company.

Money supply growth slows down in April

MONEY SUPPLY continued to grow at the start of the second quarter although slightly slower than the previous month, even as bank lending accelerated, the Bangko Sentral ng Pilipinas (BSP) said in a statement released late Thursday.

BSP lowers TDF volume for retail bond issuance

THE BANGKO Sentral ng Pilipinas (BSP) reduced the offer volume for the one-week term deposit facility (TDF) auction next week to make way for the government’s retail Treasury bond (RTB) issuance.

Thrift bank sector assets grow in Q1 with credit expansion

THE THRIFT banking industry posted growth in the first quarter on the back of credit expansion among lenders.