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Leading French solar company Urbasolar will be pouring in P9 billion of capital to build at least 100 megawatts (MW) of solar facilities in the Philippines this year. The French company has partnered with local firm SunAsia Energy to build an initial 30-MW solar plant in Victoria City, Negros Occidental.…

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Listed mobile content provider Xurpas Inc. has acquired a 51-percent controlling stake in an employee benefits management firm for $4.3 million (P189.5 million). Nico Jose Nolledo, Xurpas president and chief executive officer, said that the acquisition of Filipino firm Storm Flex Systems Inc. will “enhance employee benefits” as workers will…

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POWER distributor Manila Electric Co. (Meralco) has acquired 60 percent of the authorized capital stock of Comstech Integration Alliance Inc. (Comstech), operator of an electric cooperative in Pampanga. In a disclosure to the Philippine Stock Exchange (PSE), Meralco said it signed a shareholders’ agreement (SHA) with Comstech on Thursday. Under…

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FIRST Pacific group is taking a controlling interest in Roxas Holdings Inc. (RHI) with the purchase of 241.78 million treasury shares worth a total of P1.7 billion, which will raise its stake in the sugar miller from 35 percent currently to 50.9 percent. RHI said it has agreed to sell…


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Megaworld Corp., the property vehicle of tycoon Andrew Tan, expects to build and complete “at least 20 malls and commercial centers” until 2020, complementing its 15 townships and the five master planned townships in the coming years. “We will build at least 20 new malls and commercial centers across the…

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Trans-Asia Oil and Energy Development Corp. has raised its stake in a geothermal service contract located in Mabini, Batangas. In a disclosure to the Philippine Stock Exchange (PSE), Trans-Asia said it acquired from Basic Energy Corp. (Basic) a 25-percent participating interest in Geothermal Service Contract No. 8. Trans-Asia said it…

Regions

World

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BEIJING: A Chinese province is likely to abolish mandatory HIV tests for teachers, the first region on the mainland to do so, state media said on Tuesday. HIV carriers are excluded from civil service jobs including teaching and policing in many provinces across China, leading to accusations of discrimination from…

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SANTIAGO: Authorities in Chile and Argentina on Monday issued a red alert and ordered the evacuation of 3,000 people living near the Copahue volcano near their common border, saying an eruption could be imminent. Chile’s interior minister Andres Chadwick said anyone living in a 25-kilometer radius of the volcano had…

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SYDNEY: Fear of scandal prompted the cover-up of child sex abuse allegations within the Catholic Church, Australia’s top-ranking Cardinal George Pell admitted Monday. Pell, speaking at an inquiry by Victoria’s parliament into child sex abuse in the state, denied being personally involved in the cover-up of pedophile priests, but said…

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SHANGHAI: China’s commercial hub Shanghai plans to turn recycled cooking oil, some of it seized by authorities, into an environmental asset by converting it into fuel for vehicles, state media said on Monday. The country has been rocked by a series of food safety scandals including the re-use of waste…

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SYDNEY, Australia: A man accused of deliberately lighting a deadly blaze that ripped through a Sydney nursing home in 2011, killing 11 elderly residents, pleaded guilty to murder on Monday. Roger Dean, 37, was a nurse at the facility and entered 11 guilty pleas to murder on the first day…

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LOS ANGELES: Angelina Jolie’s aunt has died of breast cancer, it was reported on Sunday, less than two weeks after the Oscar-winning actress announced that she had undergone a preventative double mastectomy. The Hollywood entertainment website E! News cited Jolie’s uncle, Ron Martin, as saying that his wife, Debbie—the younger…

Today's Breaking News

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MACAU – Filipino boxing icon Manny Pacquiao made a successful comeback to the ring with an overwhelming points victory over Brandon Rios to win the World Boxing Organization International welterweight championship in Macau on Sunday. The three ringside judges scored the fight 120-108, 119-109 and 118-110 as Pacquiao handed out…

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GENEVA – World powers reached on Sunday an agreement with Iran over its nuclear programme, the powers’ chief negotiator and EU foreign policy chief Catherine Ashton said. “We have reached agreement between E3+3 and Iran,” Ashton’s spokesman Michael Mann quoted her as saying on Twitter, without giving any details. AFP

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Rookie Terrence Romeo shot a career high 34 points as Globalport Batang Pier smashed Air 21 Express, 114-100, Saturday in the 39th PBA Philippine Cup at the Araneta Coliseum. Romeo, a fifth overall pick in the recent annual rookie draft and the youngest player in the pro league today at 21,…

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  RIGA – Latvia’s president demanded on Saturday that a supermarket cave-in which killed at least 54 people be treated as murder, as rescuers threatened by falling debris halted their search for survivors until dawn. All search and investigation work was suspended until Sunday morning after a third section of…

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ZAMBOANGA CITY – Heavy rains flooded at least four villages in Zamboanga del Sur and triggered a landslide in Zamboanga City, police said. Police said the flash flood affected the villages of Magsaysay, Katipunan, Switch and Esperanza, all in Ramon Magsaysay town. Police and civilian rescuers evacuated the villagers to…

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There are no weather disturbances in the country, but the tail-end of a cold front will bring rains over eastern Luzon. PAGASA said Metro Manila and the rest of Luzon will be cloudy with light rains while the rest of the country will be partly cloudy to cloudy with…