Philippine Updates
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Suntrust Lines Up Projects in Visayas and Mindanao
Suntrust Properties, a subsidiary of Megaworld Corp., plans on focusing on both the Visayas and Mindanao region this year with various projects lined up for…
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New Plant Considered by AboitizPower
Hedcor, a subsidiary of Aboitiz Power Corp. is conducting a feasibility study to assess hydropower potential within Kitaotao, Bukidnon. The company seeks to set up…
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Capital Markets Might Open to PPP Proponents
Before its term ends, the government may adopt a policy that allows concessionaires of public-private partnership projects to take advantage of the capital markets, among…
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URC Aims at P200 Billion Sales
Universal Robina Corp. (URC) is set to undertake mergers and acquisitions and enter new markets. The current plan is to double sales by the year…
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Peso Rose to New High
The peso edged higher than the dollar earlier this week, logging its best finish this year. The stabilized oil prices boosted risk-related sentiments, which helped…
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New Ilocos Delivery Center Opened by Accenture
Accenture opened its third delivery center in Ilocos Norte as part of its continued expansion. This new center adds to the existing ones located in…
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PH Among those with the Most Women in Top Positions at Work
According to a survey that covered 36 developed and emerging economies, the Philippines has one of the highest proportion of women in leadership roles. The…
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P55 Billion Capex Allocated by Megaworld for the Year
The planned capital expenditure budget will be kept steady this year, according to Andrew L. Tan. With P55 billion set, at least 75% will be…
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BSP Approves of Rural Bank Mergers
The consolidation of two rural banks received the approval of the Bangko Sentral ng Pilipinas. Both banks are in Mindanao. The merger takes place in…
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SBMA Reports Profit of P1.1 Billion Pre-Tax
The Subic Bay Metropolitan Authority (SBMA) posted the previous year’s pre-tax earnings. It amounted to a total of Php 1.1 Billion. This was after it…
