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UNITED Holdings Power Corp. (UHPC) is mulling adding other sources of renewable energy such as wind and solar to its current portfolio. Dominic Sytin, president of UHPC, said the company is studying diversifying to wind and solar power projects, adding that they are always “active” in searching for renewable energy…

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MILKIN Corp., operator of the Fiorgelato and Fior Café brands of Italian-style ice cream and cafes, is setting its sights on the regional market next year in time for the economic integration of the Association of Southeast Asian Nations (Asean). Milkin president and chief executive officer Ricardo Cuna told The…

MOODY’S ANALYTICS SEES:

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Growth in Philippine manufacturing likely decelerated to 5 percent year-on-year in October from a double-digit pace of expansion last year, dragged by the slow approvals of new infrastructure projects, Moody’s Analytics said in its latest weekly report. The Philippine Statistics Authority (PSA) is expected to release the official October manufacturing…

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Some foreign banks from Asia, Europe and the Middle East have expressed an interest in operating wholly owned subsidiaries in the Philippines following the Monetary Board’s approval of the guidelines for implementation of a banking liberalization law, Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. said over the weekend.…


PH SHARES WEEKLY OUTLOOK

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MARKET direction this week is expected to be largely dictated by the outcome of Typhoon Ruby (Ruby (international name: Hagupit), with stocks also seen trading in a tight range ahead of a central bank monetary board meeting on Thursday. Justino Calaycay Jr., Accord Capital Equities Corp. analyst, said in a…

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As the popular saying goes, “If you can’t beat them, join them,” or, in the case of competing businesses, “buy them.” This was the joke that Scott Stavretis shared during a recent press conference where the merger of two Australian business process outsourcing (BPO) companies based in the Philippines and…

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The Philippine men’s football squad, bannered by striker Phil Younghusband and Chieffy Caligdong, will defend its Philippine Football Peace Cup title on October 11 to 15 at the Panaad Stadium in Bacolod City. The Philippines goes against Taiwan on Friday at 7 p.m., before taking on Pakistan on October 15.…

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Grandmaster John Paul Gomez ruled the 2013 Battle of the Grandmasters Chess Championships held in Vito Cruz, Manila. Gomez was in a two-way tie on top with GM Oliver Barbosa with 30 points each, but Gomez had a better quotient. Gomez and Barbosa split the combined P240,000 cash prize.…

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SHANGHAI – Newly re-crowned world number one Rafael Nadal can smash the record for Masters titles claimed in a year in Shanghai this week, as his great rival Roger Federer fights to save his season. Nadal has enjoyed one of the best spells of his career after he came…

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Land Transportation Office (LTO) Chairman Virginia Torres was not fired, she retired. This was how spokesman Edwin Lacierda and Transportation Secretary Joseph Emilio Abaya explained on Monday why Torres stepped down. Lacierda and Abaya were reacting to a front-page story in The Manila Times written by Dante A. Ang, the…