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  • SLEx operator registered net profit of P723m in first quarter

    May 23, 2018 11:20 AM 4

    South Luzon Tollways Corp. said Wednesday net income in the first quarter of 2018 rose just 1 percent to P723.3 million from P712.81 year-on-year on higher maintenance costs. The tollway unit of San Miguel Corp. posted revenues of P1.47 billion in the first three months of the year, up 6 percent from P1.39 billion a year ago. “The continuous expansion

  • PH should manufacture more instead of assemble: Euro trade group

    May 23, 2018 8:51 AM 3

    MANILA – The Philippines should manufacture more products instead of becoming a sub-assembly venue for goods, a European trade group leader said. The prospect of removing incentives for foreign investors could drive businessmen to other Southeast Asian nations, said European Chamber of Commerce of the Philippines president Guenter Taus. "We really don’t

  • RCBC launches digital peso, promises secure transactions

    May 23, 2018 4:18 AM 4

    MANILA - Rizal Commercial Banking Corp said Wednesday it launched a first of its kind digital money in the Philippines, promising easier and more secure transactions. Stored in a digital wallet and managed through a smartphone app, the ePiso cannot be lost, stolen or counterfeited, unlike bills and coins, the country's 10th largest bank in terms of assets

  • Energy priority status to boost cable—NGCP

    May 22, 2018 10:40 AM 2

    National Grid Corp. of the Philippines is committed to complete the much-anticipated P52 billion Mindanao-Visayas Interconnection project by 2020 following the declaration of the cable link as an energy project of national significance under Executive Order No. 30. “We are thankful for this development. NGCP emphasizes the importance of this milestone

  • NAIA Consortium shortens period, lowers cost for airport rehab proposal

    May 22, 2018 9:57 AM 4

    MANILA, Philippines – A consortium made up of 7 of the country's top conglomerates revised its proposal to rehabilitate the dilapidated Ninoy Aquino International Airport (NAIA), bringing down the concession period to 15 years and the project cost to about P105 billion. The NAIA Consortium originally proposed to rehabilitate, develop, operate, and maintain

  • Site Online Learning Introduces Tempus Learning Management System

    May 22, 2018 4:52 AM 3

    Site Online Learning (SOL), an Australian eLearning company operating from Clark Pampanga, introducestheir new Learning Management System (LMS) Tempus. Tempus is a web platform that allows organizations to manage content, deliver courses, administer enrolment and learning experiences, as well as collate data and reports. It is highly customizable and configurable

  • Marawi rehab to cost P53.4 billion: NEDA

    May 21, 2018 7:00 AM 2

    MANILA - Rebuilding Marawi would cost P53.4 billion, the National Economic Development Authority said Monday, ahead of the anniversary of the siege by Islamic militants on the city. In 2018, the government will need P26.2 billion, of which P15 billion will be sourced from the national budget. The rest will be sourced from official aid. The Maute Group

  • After China success, Volkswagen brings 3 new models to PH

    May 19, 2018 7:31 AM 5

    MANILA - Volkswagen said it would start selling in the Philippines from Saturday 3 models that were successful in China, betting on price points that are dominated by Japanese and Korean cars. The Santana, Lavida and Tiguan are "tailor-made" for Asia, said Shanghai Volkswagen First Vice President David Powels. Ayala Corp distributes Volkswagen cars in the Philippines

  • Philippine Airlines taps Lufthansa Technik for Airbus maintenance

    May 18, 2018 4:24 AM 8

    MANILA - Philippine Airlines has tapped Lufthansa Technik Philippines to maintain its new Airbus jets for 12 years, MacroAsia Corp said Friday. The deal, which will take effect on May 31, is estimated to be worth $260 million (P13.6 billion) during its lifespan, said MacroAsia, which owns 49 percent of Lufthansa Technik. Both Philippine Airlines and MacroAsia

  • Melco, Premium Leisure in talks for stake in City of Dreams operator

    May 18, 2018 3:13 AM 5

    MANILA - Melco Resorts and Entertainment Philippines said Thursday Premium Leisure Corp was in "preliminary discussions" with its controlling shareholder to acquire shares in the joint venture that operates the City of Dreams mega casino. Melco Philippines told the stock exchange that it was notified by Melco Resorts and Entertainment Limited of the talks