JAMES KONSTANTIN GALVEZ, TMT

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LISTED firm Atlas Consolidated Mining and Development Corp. on Wednesday reported a wider net loss of P879 million in 2016, the second straight year that the miner landed in the red amid an ongoing cost and efficiency program. In a disclosure to the Philippine Stock Exchange, Atlas said it registered…

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TOLEDO City in Cebu Province will soon enjoy world-class Internet connectivity as PLDT steps up its rollout of fiber-to-the-home (FTTH) facilities in strategic urban centers nationwide. Through a partnership with the Toledo City government, the FTTH rollout will serve the data connectivity needs of this fast-growing city with its mining…

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Philippine Coconut Authority (PCA) Administrator Avelino Andal was placed under preventive suspension while facing investigation for alleged corruption in the sale of coco lumber, the Office of the Cabinet Secretary announced on Monday. The PCA board, according to Halmen Valdez, undersecretary at the Office of the Cabinet Secretary, made the…

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The National Irrigation Administration (NIA) has assured the 970 families affected by the construction of the Balog-Balog Multi-purpose Project (BBMP) Phase II-North and South Main Canal they will be given assistance and their needs in the resettlement areas in Tarlac will be provided. “This is why NIA BBMP II together…

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PLDT wireless subsidiary Smart Communications has posted sustained growth in its mobile data business, with revenues up by 26 percent at P25.5 billion in 2016 from P20.2 billion in the preceding year. Mobile internet revenues set the pace, rising 42 percent year-on-year to P17 billion, it said. The availability of…

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To bankroll key power, infra projects A BOITIZ Equity Ventures (AEV) on Friday said it has earmarked P77 billion in capital expenditures this year, significantly higher than last year’s P42 billion spending, bulk of which will be used to bankroll key projects in power and infrastructure. In a statement, AEV…

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Secretary Emmanuel Piñol is banking on a commitment made by the Office of the Cabinet Secretary to allow a Department of Agriculture (DA) representative to participate in decision-making of the inter-agency National Food Authority (NFA) Council. “I have already talked with Secretary [Leoncio] Evasco, who said he would allow me…

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THE Voyager group, the digital innovations arm of PLDT and Smart Communication, expects “hyper growth” this year after posting strong performances for its various platforms and services in 2016. “As the whole country moves towards the digital transformation or DX Economy, we are harvesting the potential here as we ramp…

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Agriculture Secretary Emmanuel Piñol wants to hold in abeyance an order by the Sugar Regulatory Administration (SRA) regulating the entry of high fructose corn syrup (HFCS) into the country, saying that big business was not included in the consultation process. “There is a problem with the SRA’s Sugar Order No.3…

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