Energy firm eyes geothermal fish farms
A Philippine-based renewable energy developer plans to venture into fish farming jointly with various aquaculture farms in Mindoro by utilizing geothermal resources for the production of “healthier”...
View ArticleStandard Chartered, Cebu Air close lease deal
Standard Chartered Bank announced on Thursday that it has closed a multimillion-dollar finance lease transaction with low-cost carrier Cebu Air Inc. In a statement, Standard Chartered said it has...
View ArticleChemrez 2013 net income climbs 30%
The country’s leading biodiesel, resins and oleochemicals producer Chemrez Technologies Inc. said on Thursday its net income grew almost a third last year on the back of a stronger performance by its...
View ArticleD&L Industries surpasses 2013 net income target
Food ingredient and specialty plastic additive manufacturer D&L Industries (DLI) said on Thursday it surpassed its 2013 profit target by registering net income of P1.4 billion, an increase of 41...
View ArticleTrade department supports ‘Go Negosyo’ bill passage
The Department of Trade and Industry (DTI) is backing the passage of the Go Negosyo Act of 2013 which was recently approved by the Senate on third and final reading. The proposed law, sponsored by Sen....
View ArticlePSBank note issue gets highest rating
Philippine Savings Bank (PSBank) said it has received the highest rating from Philippine Rating Services Corp. (PhilRatings) for its Tier 2 note issue. PSBank, the consumer and retailbanking arm of the...
View ArticleStocks track Wall Street advance
The Philippine Stock Exchange index (PSEi) rose for the second straight day on Thursday, tracking the advance on Wall Street. Richard Anthony Liboro, BPI Securities Corp. director, said in a phone...
View ArticlePhilex Mining back to profit in 2013
The country’s biggest gold producer Philex Mining Corp. swung back to profit in 2013 as its metal output increased following the resumption of operations of its Padcal Mine in Benguet province. The...
View ArticleBusiness optimism takes a dive – survey
Optimism among businessmen polled about the Philippine economy waned in the first quarter, though hope remained that prospects would improve in the next three months, results of the central bank’s...
View ArticleCustoms works extra hours to ease port jam
It’s only a stopgap measure. The truck holiday is not over. The Bureau of Customs (BOC) on Friday extended the operating hours at the Port of Manila and the Manila International Container Port (MICP)...
View ArticleOpposition hits ‘zombie’ cases against Binay wife
THE United Nationalist Alliance (UNA) on Friday blasted the Ombudsman’s special prosecutor for its unusual interest in digging up decades-old charges against former Mayor Elenita Binay of Makati a move...
View ArticleWary Bataan fishermen steer clear of Panatag
MARIVELES, Bataan: Lugie Bagani has not returned to fish at the Panatag Shoal (Scarborough Reef) for a month now, or since Chinese vessels drove away Filipino fishermen using water cannon. “We never...
View ArticleMalaysia’s motive as peace broker under question
THE Malaysian government has been aggressively pursuing the signing of the peace pact between the Philippine government and the Moro Islamic Liberation Front (MILF) for two reasons—its territorial hold...
View ArticleSanctions for Meralco if found overcharging
MALACAÑANG on Friday said power utility Manila Electric Co. (Meralco) has been asked to clarify computations of its latest bills and may face ‘punitive action’ if found overcharging the public. Read...
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