Business

Retail property market to expand 185K sqm in H2

September 2, 2015 9:50 pm

CBRE sees 185K sqm in 2015, on top of 376K sqm additional retail space in years ahead The Philippine property market will continue to expand in the coming months on sustained growth in consumer spending, with new projects expected to … Read more »

Asia SMEs braced for global competition need greater access to credit – ADB

September 2, 2015 9:49 pm

The slowdown in regional and global economic growth has created a need for a new growth model for Asia, triggering a shift in focus to the small- and medium-sized enterprises (SMEs), which now need greater access to credit if they … Read more »

IMF to announce cut in PH growth outlook in Oct

September 2, 2015 9:48 pm

The International Monetary Fund (IMF) said it will announce lower forecasts for the Philippine economy for 2015 and 2016 in October to reflect the government’s recent downward revision to the first-quarter rise in gross domestic product (GDP). The IMF had … Read more »

House abandons move to amend Epira law

September 2, 2015 9:46 pm

The House Committee on Energy has abandoned its plan to amend Republic Act 9136 or the Electric Power Industry Reform Act (Epira), which was supposed to address various issues concerning the power industry. Oriental Mindoro Rep. Reynaldo Umali, Committee on … Read more »

Rural banks back Credit Information System

September 2, 2015 9:45 pm

Just recently, the Credit Information Corp. (CIC) reported that it is “fairly on track” in establishing a domestic credit data registry that is expected to become fully operational and accessible by financial entities by year-end. CIC earlier set a December … Read more »

DOTC sees need for long-term maintenance provider to address MRT-3 core problems

September 2, 2015 9:44 pm

A LONG-TERM total maintenance provider is needed to handle the general overhaul of existing train coaches and replacement of the system’s signaling system to address the core problems of obsolescence and excessive wear-and-tear of the Metro Rail Transit 3 (MRT-3) … Read more »

Unified Leyte bulk energy bidding declared a failure

September 2, 2015 9:43 pm

THE bidding for the selection and appointment of the independent power producer administrators (IPPAs) for the bulk energy contract of the Unified Leyte Geothermal Power Plants (ULGPP Bulk) has failed. According to Ernesto Pantangco, executive vice president of Lopez-led Energy … Read more »

Ayala Land to spend P70B on Cavite project

September 2, 2015 9:42 pm

PROPERTY giant Ayala Land Inc. (ALI) is shelling out P70 billion in capital expenditure for a new master planned integrated community in Cavite, the 700-hectare Vermosa, for the next 12 to 15 years of development. ALI said on Wednesday that … Read more »

Robinsons Retail buys 90% of Savers Electronic

September 2, 2015 9:41 pm

Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) has signed a deal to buy a 90 percent stake in consumer electronics and home appliances chain operator Savers Electronic World Inc. in a bid to expand the company’s retail portfolio. Dubbed as a … Read more »

Xurpas to acquire 51% of Globe subsidiary Yondu for P900M

September 2, 2015 9:40 pm

APART from plans to expand in Southeast Asia, mobile content provider Xurpas Inc. is solidifying its foothold in the Philippines through a partnership with Ayala-led telecommunications giant Globe Telecom Inc. In a joint press statement, Xurpas and Globe said it … Read more »





    
    
    
    
    
    
    

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