Metro Pacific proposes to convert QC waste into energy
March 27, 2017
Metro Pacific Investments Corp. Monday announced that the consortium consisting of Metro Pacific Investments Corp. , Covanta Energy, LLC and Macquarie Group, Ltd. has been granted original proponent status by the Quezon City government to design, construct, finance, and operate
DOF chief urges Australia to open market to PH bananas
March 26, 2017
Finance Secretary Carlos Dominguez has urged Australia to lift the more than 20-year ban on Philippine bananas, which are also being exported to other Asian countries like Japan. In a statement released on Sunday, the Department of Finance said Dominguez
Stocks lower, peso unchanged
March 24, 2017
Stocks ended the week lower on Friday as the Philippine Composite index closed 31.41 points down to 7,269.62. But the broader market was relatively flat with 90 losers, 89 gainers and 51 unchanged. Turnover was higher at 1.23 billion shares
Bloomberry says it’s back to profitability in 2016
March 24, 2017
Bloomberry Resorts Corp., owner and operator (through its subsidiaries) of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, said it reported a full-year net profit of P2.323 billion, a substantial P5.7 billion swing from the previous year’s
Stocks higher as central bank keeps rates steady
March 23, 2017
Stocks closed higher on Thursday as the central bank’s policy-making body held rates during its meeting, The Philippine Stock Exchange index gained 46.10 points to end at 7,301.03. At the broader market, there were 94 gainers against 83 decliners, with
Central bank keeps rates unchanged despite rising inflation
March 23, 2017
The policy-making body of the central bank kept rates steady during its meeting on Thursday as it said “the outlook for inflation remains manageable.’ The central bank’s overnight reverse repurchase facility have been steady at three percent since May 2016.
DMCI off to good start with infra projects
March 23, 2017
D.M. Consunji, Inc. recently signed major infrastructure projects worth P9 billion since the start of the year. The projects include tollway, power and water projects from public and private proponents, the firm said in a disclosure to the Philippine Stock
Stocks, peso down
March 22, 2017
Stocks closed lower on Wednesday, mirroring regional bourses. The Philippine Stock Exchange ended 68.38 points lower to 7,254.93 points. In the broader market, there were 127 declines against 57 advances with 52 unchanged. Volume turnover was 1.28 billion shares valued
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