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New timeline for reg’l airports PPP released

By Louella Desiderio (The Philippine Star) Updated February 28, 2017 – 12:00am MANILA, Philippines – The Department of Transportation (DOTr) has released the indicative timeline for the development, operations and maintenance of the P108 billion regional airports project under the public-private partnership (PPP) program, with the submission of qualification documents scheduled in April, and […]

P321-M coconut processing plant to rise in Palawan

By: Roy Stephen C. Canivel Philippine Daily Inquirer 12:07 AM February 28, 2017 Lionheart GPPAC Farmers Corp. will soon build a P321-million coconut processing plant integrated with a hybrid coconut plantation in Palawan, the Board of Investments (BOI) said on Monday. In a statement, the BOI said the project was approved under the Investment […]

Century Properties targets first-time homebuyers

By Keith Richard D. Mariano Posted on February 28, 2017 CENTURY PROPERTIES Group, Inc. is launching its residential line catering to first-time homebuyers within the second quarter, as it expands its portfolio consisting mostly of luxury and mid-priced condominiums in Metro Manila. The listed property developer made the announcement about three months after partnering […]

ArthaLand taps foreign partners for premium Cebu office building

By Iris Gonzales (The Philippine Star) Updated February 28, 2017 – 12:00am MANILA, Philippines – ArthaLand Corp. has signed agreement with China Railway Dongfang Group and Knusford Berhard of Malaysia for a $166 million engineering, procurement and construction contract for its  38-story Cebu Exchange Project. China Railway and Knusford will form a joint venture […]

JC Penney shuts 130-plus stores, offers early retirements

  By AP (The Philippine Star) Updated February 27, 2017 – 12:00am NEW YORK–  J.C. Penney is joining its department store rivals in pruning its store numbers in an era of online shopping. Penney said Friday it would close 130 to 140 stores as well as two distribution centers over the next several months […]

Why Iloilo is a property investment hotspot today

  By: Jennifer Palmares-Fong Philippine Daily Inquirer 02:14 AM February 25, 2017 In our lifetime, there will always be moments when we wish we had the ability to see the future. If you live in the city, do you remember growing up, seeing the rapid pace of development that goes on every year within […]

Phl to survive external shocks – IMF

  By Lawrence Agcaoili (The Philippine Star) Updated February 27, 2017 – 12:00am MANILA, Philippines –  Multilateral lender International Monetary Fund (IMF) is confident the Philippine economy will continue to perform strongly as the country is expected to remain resilient despite external shocks this year. An IMF mission led by Luis Breuer, which visited […]

Gov’t broadband project can start this year

  By: Miguel R. Camus Philippine Daily Inquirer 12:23 AM February 27, 2017 The government can start building this year its massive national broadband network project, aimed at bringing internet access to underserved areas in the countryside, according to Secretary Rodolfo Salalima of the Department of Information and Communications Technology. Salalima told reporters that […]

PSE-PDex merger expected to push through

  By Iris Gonzales (The Philippine Star) Updated February 27, 2017 – 12:00am MANILA, Philippines –  The Philippine Stock Exchange (PSE) is hopeful it will finally be able to merge the stock market with the Philippine Dealing and Exchange Corp. (PDEx), the country’s fixed income exchange, even as corporate regulators thumbed down the proposal […]

Foreign investment pledges down

  Commitments in first 6 months of Duterte administration off 18.9% By: Ben O. de Vera Philippine Daily Inquirer 12:28 AM February 25, 2017 Investment commitments of foreign firms dropped by a tenth last year, dragged by year-on-year declines during the last two quarters or the first six months of the Duterte administration, the […]