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Davao plant in full operation — Aboitiz

Therma South Inc., a unit of Aboitiz Power Corp., has declared the second unit of its 300-megawatt Davao coal-fired power plant in commercial operations starting today. Aboitiz Power said in a statement the second unit would add another 150 MW ...

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PAL restructuring operations in China — Bautista

Philippine Airlines said it plans to restructure its operations in China in preparation for the delivery of brand new aircraft this year.  “We have plans to do some reorganization in our China operation and the objective is to really look ...

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BSP: No need to adjust rates

Bangko Sentral ng Pilipinas said Monday it will not join other central banks in adjusting interest rates, given the country’s strong economic fundamentals. Bangko Sentral Governor Amando Tetangco Jr. made the statement, after Bank of Japan followed the European Central ...

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Market likely to stay above 6,500 level

Stocks are expected to move sideways this week, following a strong rally last week led by positive economic data and Japan’s stimulus program. RCBC Securities said the market’s movement this week would be crucial after last week’s exceptional ride, as ...

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PLDT cuts budget for overseas acquisitions, investments

Philippine Long Distance Telephone Co. has reduced its budget for acquisitions and investments overseas this year, as it prefers to team up with more over-the-top content players or Internet-related companies. PLDT chairman Manuel Pangilinan said the company would spend less ...

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Meralco sales volume up 5.4%

Manila Electric Co., the country’s biggest power retailer, posted a 5.4-percent increase in sales volume in 2015, after consumer segments registered growth. “All segments are strong especially residential due to lower gen charges, low inflation, El Niño which meant higher ...

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Filipino executive named among top Asian Fintech leaders 

An executive of Voyager Innovations, the digital innovations unit of PLDT and Smart Communications Inc., was recognized as one of the Top 100 Asian Fintech Leaders during the Fintech Finals 2016 in Hong Kong. Fintech, or short for financial technology, ...

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Electric vehicles offer the future of PH transport

Rommel Juan believes that electric vehicles will play a crucial role in the Philippine mass transportation system in the coming years. Juan, the president of the Electric Vehicle Association of the Philippines, says this will be possible, if the country ...

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Latino builders transform La Union

Three Spanish-speaking gentlemen met in a salsa club in Makati City four years ago and discovered that apart from Latin music, they shared a common interest in real estate. Together, they traveled to La Union, the country’s surfing capital, and ...

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DBS Bank keeps 6.1% growth target for 2016

DBS Bank of Singapore kept Friday its previous economic growth forecast for the Philippines this year at 6.1 percent after the fourth-quarter data of 6.3 percent exceeded the bank’s expectations of a 5.7-percent expansion. “That brought full-year 2015 GDP growth ...

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