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Metro Pacific may also build drug rehab facility

THE METRO PACIFIC Group could be the next firm to build a drug rehabilitation facility after several conglomerates have committed to support the Duterte administration’s efforts to combat substance abuse in the country “We’re looking at that [drug rehab centers] also. We’re also looking at that kasi (because) we’re not so familiar with rehab centers. […]

US BPO firms put expansion plans on hold

US BPO firms put expansion plans on hold

MANILA, Philippines – After reeling from President Duterte’s rhetoric last year, American outsourcing companies remain jittery on expanding their operations in the country, this time due to President Donald Trump’s pronouncements. Philippine Economic Zone Authority (PEZA) director general Charito Plaza said there are a lot of American business process outsourcing (BPO) locators who have expressed […]

Phl proposes 40 projects for possible China funding

MANILA, Philippines – The Philippine government has submitted 40 projects for possible funding support from China, the Department of Finance said yesterday. Of the 40 projects, 15 were proposed for loan financing, while 25 were submitted for feasibility study support. The projects were presented to China by a high level Philippine delegation led by Finance […]

Ayala group mulls infrastructure projects as it prepares NAIA bid

Ayala group mulls infrastructure projects as it prepares NAIA bid

AC Infrastructure Holdings Corp. may submit “some” unsolicited proposals of national significance within the year, its President and Chief Executive Officer Jose Rene D. Almendras told reporters late Tuesday. The infrastructure projects may cost billions of pesos, similar to the proposed redevelopment of NAIA, the company official noted without disclosing details. The administration of President […]

Budget airlines seek to boost aircraft haul

Southeast Asia’s budget airlines would see their collective fleets expand at a faster pace in 2017, after growth in this area hit a “low point” last year in the wake of overcapacity concerns, CAPA-Center for Aviation said. CAPA, which provides aviation market intelligence, said in a report this week the region’s 21 low cost carriers […]

SMC to run Bataan power plant during Malampaya shutdown

MANILA, Philippines – SMC Global Power Holdings Corp., the power generation arm of San Miguel Corp., will run the first two of its 4×150-megawatt (MW) coal-fired power plant in Bataan during the Malampaya shutdown to augment power supply in the Luzon grid. The first 150-MW unit will run on diesel as it currently undergoes commissioning […]

PTT, Cebu Pacific seal fuel supply deal

PTT, Cebu Pacific seal fuel supply deal

MANILA — PTT Philippines and the country’s largest budget carrier Cebu Pacific have sealed a petroleum supply deal, with the Thai-owned oil firm committing to deliver the bulk of the Gokongwei-owned airline’s aviation fuel requirements for the year. In a press statement, PTT Philippines said that the agreement was formalized on Tuesday between its president […]

PLDT, Globe link up in Davao Oriental

MANILA, Philippines – PLDT Inc. has completed interconnection links with Globe Telecom Inc.’s landline services in Davao Oriental, a move which enables customers of both telcos in that area to make free local calls with each other. Genaro Sanchez, PLDT vice president and head of international network and carrier business said the interconnection agreement covers […]

Monde Nissin to do IPO this year

MANILA, Philippines – Filipino snack food giant Monde Nissin is considering finally pushing through with its planned initial public offering (IPO) this year after putting this on hold since 2015, industry sources said. The company is already in talks with banks to handle the transaction, which is targeted to happen this year, sources said. Sun […]

EastWest to offer deposit notes

Gotianun-led East West Bank is raising as much as P10 billion from a fresh offering of high-yielding deposit notes this year. In a disclosure to the Philippine Stock Exchange on Wednesday, East West said it had obtained approval from the Bangko Sentral ng Pilipinas to issue up to P10 billion in long-term negotiable certificate of […]