• BUSINESS IN BRIEF

    0

    ATI EARNS P396 MILLION IN FIRST QUARTER
    Publicly listed port operator and investor, Asian Terminals Inc. (ATI), reported a net income of P396.1 million for the first three months of 2013, up 13.1 percent from the same period in 2012. The company said that the increase was driven mainly by growth in international trade, prudent cost management and higher port revenues. For the first quarter of the year, ATI’s revenues reached P1.13 billion, higher by 4.4 percent compared to the same period last year.
    Rosalie C. Periabras

    PSALM TO BID OUT P685M IN CONTRACTS
    State-run Power Sector Assets and Liabilities Management (Psalm) is seeking to bid P685-million worth of contracts to supply fuel for four of its power barges. According to Emmanuel Ledesma Jr., Psalm president and chief executive officer, the continuous operation of the barges will help augment the grid power requirements especially during peak hours.
    Madelaine B. Miraflor

    PLDT, SAMSUNG TO SUPPORT SMES
    Philippine Long Distance Telephone Co.’s (PLDT) business arm solution, SME Nation, and Samsung on Wednesday signed a strategic partnership to deliver innovative business solutions for the country’s expanding small and medium enterprise (SME) market. “Our economy’s upward trend with the current investment-grade and the rising stock market show how businesses are doing well now, and that this is a crucial time for SMEs to have the tools and devices to help them be more competitive in their industries,” said Eric Alberto, executive vice president of PLDT and head of enterprise, International Carrier Business.
    Rosalie C. Periabras

    FEDERAL LAND EYES BIÑAN DEVELOPMENT
    Federal Land, the property unit of the flagship investment vehicle of taipan George Ty, is looking to develop a 100-hectare land in Biñan, Laguna, in few years, right after the developer polished its projects in the key cities in Metro Manila. A top company official further said that the Federal Land doesn’t have a definite masterplan for the area yet but is considering to build another mixed-use development.
    Madelaine Miraflor

    ZEST AIR ADDS NEW FLIGHTS TO MALAYSIA
    Zest Air launched its maiden flights from Manila to Kuala Lumpur and Kota Kinabalu in Malaysia, and added a new domestic route, Manila to Bacolod, on its long list of local stops. Last year, more than 500,000 Filipinos visited Malaysia for work, business and tourism. But according to Director Fazdila Mansor of Tourism Malaysia, this number is expected to grow this year. “Tourism Malaysia is delighted that Zest Air is launching its maiden flights to Kuala Lumpur and Kota Kinabalu. This initiative certainly comes at the perfect time since Malaysia will be celebrating its fourth Visit Malaysia Year [VMY] in 2014 and this year has been designated as the VMY promotional campaign year. We seek to attract more tourists from the Philippines to Malaysia. Last year, the country welcomed 508,744 Filipino tourists, which was a growth of 40.50 percent compared to 362,101 Filipino tourists in 2011,” she added.
    Rosalie C. Periabras

    EC MAKES SURPRISE INSPECTION ON OIL FIRMS
    BRUSSELS: The European Commission has carried out surprise inspections at several major oil companies over possible price fixing in breach of European Union antitrust rules. The commission did not name any of the companies involved in Tuesday’s raids, but British energy giant BP, Shell and Norway’s Statoil said that their offices had been visited.
    AFP

    Share.
    loading...
    Loading...

    Please follow our commenting guidelines.

    Comments are closed.