PAL buying more 7 more Q400 new generation aircraft for $235 million
June 20, 2017
Philippine Airlines on Tuesday said it signed an agreement with Bomardier Commercial Aircraft Inc. to buy seven more Q400 new generation aircraft for $235 million. “As we position ourselves for growth, we are pleased to be adding more Q400 to
Environment health critical to economic growth: NEDA
June 20, 2017
Celebrating Philippine Environment Month, the National Economic and Development Authority pushed for stronger policies for environmental protection in a tree planting event last Friday. The month of June is declared Philippine Environment Month by virtue of Proclamation No. 237 signed
BDO alerts public of “potentially compromised” ATMs, but assures no cause for alarm
June 16, 2017
BDO Unibank said on Friday that it received reports of “potentially compromised” automated teller machines (ATMs) after receiving complaints from cardholders that they lost money from their accounts. But BDO, the largest bank in the Philippines in terms of assets,
Remittances from Filipinos hit $10 billion from January to April: central bank
June 15, 2017
Personal remittances from Overseas Filipinos (OFs) amounted to $10 billion for January to April 2017, registering 4.7 percent year-on-year growth, central bank gernor Amando M. Tetangco, Jr. announced in a statement Thursday. Personal remittances from land-based workers with work contracts
Stock index retreats after hitting 8,000 points, peso down
June 15, 2017
Stocks fell back Thursday after the key index went to the 8,000 point mark following the US Federal Reserve’s decision to raise its rates for the second time this year. The Philippine Stock Exchange index closed at 7,964.69 points, down
Stocks close higher ahead of US Fed meeting
June 14, 2017
Stocks gained on Wednesday, driven by strong foreign buying ahead of a meeting by the US Federal Reserve. The Philippine Stock Exchange index went up by 48.12 points to 7,966.01. In the broader market, there were 97 gainers, 85 decliners
PLDT sells remaining stake in Meralco to MPIC
June 14, 2017
PLDT Inc. has sold its remaining stake in Manila Electric Co. (Meralco) to Metro Pacific Investments Corp. for P21.8 billion. PLDT told the stock exchange that PLDT Communications and Energy Ventures, Inc. entered into a share purchase agreement covering a
Maynilad signs P10.8 billion loan with JICA, three Japanese banks
June 13, 2017
Maynilad Water Services, Inc. (Maynilad) recently signed a P10.8-billion loan agreement with Japan International Cooperation Agency (JICA) and three of Japan’s largest private commercial banks—namely, The Bank of Tokyo-Mitsubishi UFJ (BTMU), Mizuho Bank Ltd. (Mizuho), and Sumitomo Mitsui Banking Corporation
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