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CAGAYAN Holiday & Leisure Resort (CHLR) has tapped Citicore Power, Inc. (CPI) for the supply of renewable energy to its luxury resort and casino in Sta. Ana, Cagayan Province.
OIL COMPANIES are set to rollback fuel prices again this week at reduction rates higher than last week. SeaOil said it will lower prices for gasoline by P2.45 per liter (/L), diesel by P2.70/L and kerosene by P2.60/L at 12:01 a.m. on Monday.
PRICE WATERHOUSE COOPERS (PwC) Philippines has won a contract awarded by state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to value the Malaya Thermal Power Plant and its underlying land.
SAN MIGUEL Corp. (SMC) on Tuesday said Power Sector Assets and Liabilities Management Corp. (PSALM) should respect its agreement, after the latter continued to demand the settlement of supposed unpaid debts on its Ilijan power plant even with a pending court case.
THE Philippines and South Korea have launched negotiations for a bilateral free trade agreement (FTA), officials said.
THE Department of Energy (DoE) has urged power distribution utilities (DUs) to expedite their compliance with a recent Supreme Court (SC) decision requiring a competitive selection process (CSP) in the bidding out of power supply agreements (PSA).
INVESTMENT PLEDGES approved by the Philippine Economic Zone Authority (PEZA) -- the second-biggest contributor to such commitments after the Board of Investments (BoI) -- slid nearly a quarter in the first four months of the year as uncertainty mainly from the proposed alteration of tax perks made businesses stay on the sidelines and even look elsewhere for expansion.
SAN MIGUEL Corp. (SMC) has submitted an unsolicited proposal to the Department of Transportation (DoTr) to build bus terminals, as a solution to the...
THE COUNTRY has lost a “billion dollars” worth of investments for chip plant expansion due to uncertainty from plans to change tax incentives, the Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) said on Thursday.
THE Information Technology and Business Process Association of the Philippines (IBPAP) said revenues picked up pace in 2018, but failed to reach its targets under the current industry road map.
BUSINESSES moving towards merger or acquisition should not exchange confidential business information until their deal has been approved, the Philippine Competition Commission (PCC) said in an April 11 guidance posted recently on its Web site.
THE Department of Trade and Industry (DTI) said it is working to release within the year an incentive package that will encourage hybrid and electric car manufacturers to set up assembly plants here.
THE PHILIPPINES has “partially recovered” in terms of global competitiveness, according to an annual report of the research group of Switzerland-based business school International Institute for Management Development (IMD) that put the country up four notches on improvements across four key factors after a nine-step fall last year.
THE Department of Trade and Industry (DTI) said it has prepared a draft order that would require shops to translate foreign-language signs into Filipino or English, apparently in response to reports of restaurants catering to Chinese-only clients.
PHILIPPINE and Japanese firms are set to sign over 20 business agreements at the end of the month, according to the Department of Trade and Industry (DTI), which said the deals are worth close to P300 billion ($5.74 billion) and hold the potential to create at least eighty thousand jobs.
THE INFORMATION TECHNOLOGY and business process management (IT-BPM) sector, the country’s chief dollar earner aside from overseas Filipino worker remittances and also a key driver of property development, saw “signs of recovery last year” even as revenue growth fell short of target, the IT & Business Process Outsourcing Association of the Philippines (IBPAP) said in a statement last weekend.
NESTLÉ Philippines has teamed up with Valenzuela City government, alongside the Department of Education of Valenzuela City branch and Green Antz Builders, Inc., to introduce a citywide program to recover post-consumer waste laminates such as sachets and beverage cartons.
GRAB PHILIPPINES (MyTaxi.PH, Inc.) said it has seen robust growth for its food delivery service, Grab Food, in the last six months.
SAN MIGUEL Corp. (SMC) has not yet notified the Philippine Competition Commission (PCC) of its $2.15-billion acquisition of Holcim Philippines Inc. (HPI), according to the anti-trust body.
THE governent expects to sign over P10.5 billion or $551.2 million worth of export and domestic orders at the upcoming International Food Exhibition (IFEX) Philippines later this month.
GIFTS, décor and houseware (GDH) exports in 2018 grew 23.9% amid an overall decline across many exports, the Department of Trade and Industry (DTI) said, adding that it hopes to focus on the sector to generate more growth.
THE Tariff Commission will decide next month on the need to protect domestic cement manufacturers through the imposition of an increased safeguard duty on imported cement.
THERE IS TALK in the foreign business community that the head of the government’s economic zone promotion agency is at risk of losing her job due to a drop in committed investments and her opposition to the Finance department’s push to remove tax incentives deemed redundant.
THE Department of Trade and Industry said cement prices remain “stable” even after it levied a temporary safeguard duty on imported cement.
GMA New Media, Inc. (NMI) has tied up with Singapore Media Exchange (SMX) Pte. Ltd., a joint venture firm established by two Singapore media groups, to help GMA expand its audience worldwide.
Sta Lucia Land, Inc. (SLI) said its board has approved the purchase of LBS Properties Inc.’s stake in Uni-Asia Properties, Inc., thereby gaining access to the latter’s development projects.
THE PHILIPPINE STOCK EXCHANGE index (PSEi) snapped a five-day losing streak on Friday, with the financial sectoral index gaining the most a day after the Bangko Sentral ng Pilipinas (BSP) announced a 200 basis point phased cut to big banks’ 18% reserve requirements ratio (RRR).
THE Department of Trade and Industry (DTI) expects San Miguel Corp.’s (SMC)acquisition of a majority stake in Holcim Philippines, Inc. to result in lower prices of locally produced cement.
THE Department of Trade and Industry (DTI) said the country will sign at least 10 business-to-business deals during the Philippine delegation’s visit to Japan in late May accompanying President Rodrigo R. Duterte.