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Wednesday, March 29, 2017

Cebu Pacific inks maintenance deal with Air France KLM

Cebu Pacific has selected Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) to provide component support on its current and future Airbus A320 family fleet. The long-term cont...

Megaworld sells P12B in fixed rate bonds

Urban developer Megaworld Corporation issued a total of P12 billion worth of Series B fixed rate bonds priced at 5.3535 percent p.a. due 2024, up from the initial offer size of only P8 billion. In a ...

MICC sets stage for choosing experts who will review mines

The multi-stakeholder Mineral Industry Coordinating Council (MICC) on Tuesday agreed that a framework needs to be formulated as basis for choosing experts for the technical review teams (TRTs). The T...

PLDT expects to recover this year

METRO PACIFIC Investments Corp. (MPIC) emerged as the “best managed company” in the Philippines, according to a new FinanceAsia poll. FinanceAsia revealed on its Web site the results of its “Asia's B...

Business remains upbeat despite critical outlook on trade – MBC survey

Business remains optimistic on this year's prospects both on the macroeconomic and corporate front, pushing companies to make additional investments and hire more people in 2017. Results of the first...

EPA chief says Trump will kill Clean Power Plan, slams Paris accord

Smoke rises from the Colstrip Steam Electric Station, a coal burning power plant in Colstrip, Mont. On Tuesday, President Donald Trump will sign an executive order to loosen air pollution restriction...

Chinese nationals scrambling to get EB-5 visas amid fears investment minimums will rise

From the New York website: As Congress debates raising the minimum investment from $500,000 to $1.35 million, potential investors in China are doing whatever they can to get their EB-5 visa applicati...

E.ON Stabilizes Electricity Grid With Wind Power

Rep. Mark Sanford recently joined 16 other Republican congressional members in calling for market-based solutions and clean energy innovation, aiming to create jobs and keep our air clean. Wind power...

Small towns cope with effects of closed nuclear power plants

In this March 20, 2017, photo, boats wrapped and stored for winter sit near the Davis-Besse Nuclear Power Station along Lake Erie in Oak Harbor, Ohio. FirstEnergy Corp. will decide by next year wheth...

Index falls below 7300

LOCAL STOCKS slipped on Monday to pull the Philippine Stock Exchange index (PSEi) down by 23.65 points or 0.32% to 7,245.97, largely in reaction to the developments in foreign markets, analysts said....

Jailed: Couple who severely starved their Filipino domestic helper for more than a year

The husband — Lim Choon Hong — received a three-week jail sentence as well as a $10,000 fine, while his wife, Chong Sui Foon, was slapped with three months in prison. But prosecutors plan to appeal f...

Trump, GOP turn to tax overhaul

The GOP was unified on Obamacare “repeal” but completely fractured on “replace,” both on policy philosophy and fiscal cost. That particular chapter of the “replace” saga, however, is chicken feed com...

Brazil’s JBS Rules Out Layoffs Following Meat Scandal

Muscat: Oman has suspended all new licences for Brazilian meat importers and is currently testing meat imports from Brazil at border points, the Ministry of Agriculture & Fisheries has announced....

25-centavo cut in diesel pump rates announced

Oil companies roll back diesel and kerosene prices for the fourth straight week today amid oversupply in the international oil market. MANILA, Philippines - Oil companies roll back diesel and kerosen...

No settlement with Mighty, DoF insists

The latest raid on two of Mighty Corp.'s warehouses in Bulacan, which yielded P3.2 billion worth of cigarettes bearing fake tax stamps, would help the government build a strong case against the local...

Emperador nets P7.7B

Tycoon Andrew Tan-led Emperador Inc. grew its net profit last year by 11 percent to P7.7 billion on higher margins from its global liquor businesses. Emperador, now the world's largest brandy company...

Shakey’s Pizza sees strong sales continuing this year

Shakey's Pizza Asia Ventures Inc. (SPAVI), the country's leading pizza parlor chain, grew its net profit last year by 58 percent to P760 million on stronger sales, improved margins and expanded store...

Tesla Providing ‘Perfect Company Car’ Perks On New Website

Musk tweeted on Friday that the Model 3 shouldn't be seen as the "next version" of Tesla in the same way that people compare version 2 and 3 of the iPhone. "Model 3 is just a smaller, more affordable...

Globe slams posh villages for refusal to host cell sites

Ayala-led Globe Telecom Inc. on Monday blamed homeowners' associations in at least 25 villages in Metro Manila for blocking the construction of cell sites and, as a result, causing insufficient telec...

GOP STRATEGIST: Trump is harming himself with Congress

President Donald Trump is done negotiating with members of his party on the controversial healthcare bill aimed to repeal and replace Obamacare, the administration indicated on Thursday (23 March) du...