State-owned National Power Corporation and Japanese firm Marubeni Corporation have inked a 1.27-billion yen worth of supplemental agreement covering additional supply and rehabilitation works on the Tiwi geothermal power plant in Albay.
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Exports of enterprises registered with the Philippine Economic Zone Authority (PEZA) went up 32.855 percent in the first four months this year compared to the same period last year indicating a robust exports sector this year.
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The Subic Bay Metropolitan Authority (SBMA) has extended the lease contract of air courier giant, Federal Express (FedEx) up to August, 2010 with options for three successive renewals of one year each allowing FedEx to operate up to 2013.
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Pag-IBIG Fund or Home Development Mutual Fund, the country’s biggest source of home lending is re-developing and restrategizing its loan programs for corporate and institutional borrowers this year to capitalize on available housing funds.
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The peso closed higher at P55.755 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P55.86 last Friday. The weighted average rate appreciated to P55.807 from P55.837. Total volume amounted to $153.36 million.
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The current business sentiment among Japanese companies operating in the Philippines and Southeast Asia remains positive for May 2004.
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HONG KONG — FedEx Express, the world’s largest express transportation company, has extended its lease for its Asia pacific hub in Subic Bay, Philippines for three additional years to 2010 with an option to extend. FedEx also signed an option, which will permit FedEx to use land at the Diosdado Macap
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Digitel, the country’s third-largest phone group, expects losses until 2006 as it funds its mobile unit to compete against PLDT and second-ranked Globe Telecom Inc.
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The winner of our Presidential elections no matter how closely contested the elections may have been, must now get the support of everyone especially the legislature because the economic challenges are great and the clock is ticking. The most urgent problems of the country are the budget deficit, pe
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The Philippines may hit another 10-year record sugar production of 2.27 million metric tons (MT) this year as mills run over with canes from high-yielding varieties.
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Utility firm Manila Electric Company (Meralco) is prodding other business groups to agree to a "no interest" on their refund as prescribed in an earlier ruling by the Supreme Court.
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Global Destiny (formerly known as Destiny Cable, Inc.) appears to be losing its battle with AXN Asia after the latter cited its right to exercise its business prerogative.
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