PDIC to hold bulk sale of residential lots in Cavite
The Philippine Deposit Insurance Corporation (PDIC) will hold for the first time bulk sale of residential lots on February 19, Monday, the state-run deposits...
Asian stocks take US inflation spike in stride and rally; dollar on defensive
TOKYO — Asian stocks gained on Thursday after Wall Street brushed aside strong US inflation data and surged, in a move that also saw...
Tourism road projects worth P30.9-billion to be implemented this year
About 1,688 kilometers of tourism roads are programmed for implementation in the P30.9-billion 2018 Tourism Road Infrastructure Program (TRIP).
The Department of Public Works and...
DoubleDragon acquires another Iloilo property for industrial use
DoubleDragon Properties Corp. has acquired a 3.9-hectare Iloilo property to be developed by its industrial unit, as it looks to construct manufacturing facilities across...
Group seeks high court TRO on renewable energy law
A science and technology group has asked the Supreme Court to issue a temporary restraining order (TRO) against the law on renewable energy (RE)...
Customs presents 22 luxury cars in custody
The Bureau of Customs (BoC) on Tuesday, Feb. 13, presented to the media 22 luxury cars in its custody at the CFS3 Warehouse in Manila International Container...
Philippine Airlines outlines new routes with delivery of 15 aircraft this year
Philippine Airlines President Jaime J. Bautista said in a press conference that the airline is expecting the delivery of four Airbus A350s, six A321neos,...
Jollibee boosts stake in Smashburger to 85%
Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million.
In...
Group of PHL conglomerates submits proposal for NAIA rehab
A group of the country’s seven biggest conglomerates submitted on Monday, Feb. 12, their unsolicited proposal to the Department of Transportation (DOTr) to rehabilitate...
Philippines to secure first tranche of loan from Japan for subway line
The Philippines is targeting to secure next month an initial loan line from Japan for the construction of the country’s first subway line, as...
Auto sales grow 4% in January
The Philippine automotive industry recorded in January 2018 a 4% sales growth over the same month last year. Based on the joint report issued...
UnionBank to acquire PETNET, Inc.
UnionBank of the Philippines group is set to acquire the controlling stake of transaction network PETNET, Inc.
In a disclosure to the local bourse on...