When floods trump talks about economic transformation
It sounds bizarre to talk about the various trappings of Philippine economic growth when many parts of this archipelago are submerged in flood waters during storms. All that the Government could immediately do was to issue weather advisories that Tropical
AboitizPower 9-month income up 2% amid higher energy sales
ABOITIZ POWER Corp.’s (AboitizPower) net income rose by 2% to P26.7 billion in the nine months to September, spurred by its power generation and distribution units. This was despite the recognition of depreciation and interest for GNPower Dinginin Ltd. Co.’s Units
PHINMA to list stocks in rights offer on Nov. 27
PHINMA Corp. has set Nov. 27 as the tentative listing date of its stocks rights offer worth as much as P1 billion recently approved by the regulator. The Philippine Stock Exchange (PSE) approved the listing on Oct. 21 while the Securities
BSP, German gov’t banknotes printer to collaborate on currency production
THE BANGKO SENTRAL ng Pilipinas (BSP) will collaborate with a German government banknotes printer to improve currency production and share knowledge on payments management. The central bank signed a memorandum of understanding (MoU) with Bundesdruckerei GmbH on Oct. 10, it said
Knight Frank: Manila remains 3rd cheapest for prime office rent in Q3
MANILA remained the third most affordable city for prime office rents in the Asia-Pacific region in the third quarter, according to real estate consultancy Knight Frank. Read the full story.