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Property giant Ayala Land Inc. (ALI) expects to meet its targets for the year with the establishment of two more townships in the country. The company plans to launch a 10-hectare mixed-use development in Metro Manila and another township which is at least 100 hectares outside the Metropolis, Anna Ma.…

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Ayala Land Inc., the property arm of conglomerate Ayala Corp., is likely to issue P1-billion to P2-billion worth of homestarter bonds to partly fund a P100-billion capital expenditure this year. This is the second time this year for AL I to tap the bond market for finance after completing a…

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LOPEZ-LED First Gen Corp. has allotted $500 million to strengthen its hydropower portfolio in Mindanao. First Gen president Giles Puno said the money will be allocated for hydropower projects in the region. “We will be spending $500 million to ramp up our hydropower projects,” Puno told reporters. The company targets…

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GMA Network is investing P3 billion in infrastructure as it shifts toward Digital Terrestrial Television Broadcast (DTTB) from analog to meet the technical requirements of the National Telecommunications Commission (NTC). “Siguro mga P2 billion to P3 billion, one year ‘yan, ‘yung hard ha, (Perhaps P2 billion to P3 billion, in…


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Solar Philippines Commercial Rooftop Projects Inc. is forming a joint venture for a 200- megawatt (MW) power plant involving a publicly listed company. Solar Philippines President Leandro Leviste said ground-mounted solar power facility is estimated to cost P480 million. He declined to name the joint venture partner other than saying…

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TOYOTA CITY, Japan: Toyota City stands as a testament to the meteoric rise of its namesake, now the world’s biggest carmaker with record profits and sales of more than 10 million cars globally last year. But this sprawling city of 422,000 people, just east of the industrial center Nagoya, was…

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CAIRO: Clashes between supporters and opponents of Mohamed Morsi killed four people on Monday (Tuesday in Manila) as the ousted Egyptian president’s family vowed to sue the army over his ouster. At least 28 people were also injured in the violence between the rival groups of demonstrators in Cairo and…

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PANAMA CITY: Panama’s Foreign Minister on Monday (Tuesday in Manila) defended his government’s handling of an Italian request for the arrest and extradition of a former Central Intelligence Agency (CIA) station chief wanted for the kidnapping of an Egyptian militant. On Thursday, the Italian government announced that Robert Seldon Lady…

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BRUSSELS: The European Union (EU) on Monday (Tuesday in Manila) put the military wing of Lebanese Shiite group Hezbollah on its of terrorist organizations, a move that the group slammed as aggressive and unjust. In a statement, Hezbollah’s armed wing said that “Hezbollah firmly rejects the EU decision . .…

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WASHINGTON, D.C.: United States (US) lawmakers are mulling a $1 billion aid package to Jordan, a third of which would defray costs of regional instability, including huge refugee flows from neighboring Syria. A subpanel of the House Appropriations Committee will review the aid during a markup of a broader bill…

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NEW YORK CITY: Eight people were injured on Monday (Tuesday in Manila) after the front landing gear of a Southwest Airlines plane with 150 people on board collapsed on landing at New York’s La Guardia airport. The accident left the Boeing 737-700 with its nose resting against the runway and…

Today's Breaking News

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Many parts of the country will continue to experience generally good weather in the next three days, the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) said on Monday. PAGASA weather forecaster Aldczar Aurelio said that except in the eastern sections of the Visayas and Mindanao as well as parts…

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DHAKA – Thousands of protesters firebombed polling stations and 15 people were killed as violence flared across Bangladesh Sunday during a walkover election boycotted by the opposition. Police opened fire at protesters as they torched more than 200 polling stations and stole and burnt ballot papers in a bid…

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GRENOBLE, France – Formula One legend Michael Schumacher remained in critical condition Sunday a week after his skiing accident in the French Alps, which a German eyewitness said he inadvertently caught on his smartphone. Investigators are focusing on the retired racer’s speed when he fell and slammed his head…

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Filipino mixed martial artist Dave “The Scarecrow” Galera promised to come back stronger after his loss in the Ultimate Fighting Championship (UFC) in Singapore. Galera lost via unanimous decision to Singaporean Royston Wee Saturday night in UFC Fight Night 34 at the Marina Bay Sands. “Great learning experience and I’ll…