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Solar power plant opens in GenSan

GENERAL SANTOS CITY (MindaNews/26 April) — Renewable energy firm Harbor Star Energy Corp. (HSEC) unveiled on Thursday its P2.2-billion solar power plant project in a coastal village here. HSEC and city officials led the formal commissioning of the 25-megawatt (MW) solar power plant, which is the first in the city and considered as among the […].....»»

Category: newsSource:  mindanewsRelated NewsApr 28th, 2019

COA spots irregularities in Kaliwa Dam deal

The Commission on Audit (COA) has noted several irregularities in the awarding of the contract for construction of the P12.2-billion Kaliwa Dam project in Infanta, Quezon to a Chinese firm......»»

Category: newsSource:  philstarRelated NewsAug 20th, 2019

Lucio Co holding firm nearly triples income in H1

The listed retail holding firm of Lucio Co grew its consolidated net income by 193 percent to P12.08 billion in the first semester, driven by the sustained expansion of its business segments as a result of the continued economic growth and higher consumer spending in the country......»»

Category: financeSource:  philstarRelated NewsAug 13th, 2019

COA scolds NIA for P20 billion delayed projects

The Commission on Audit (COA) has scolded the National Irrigation Authority (NIA) over the delays in its implementation of irrigation projects totaling P20.704 billion, a majority of which should have been completed years ago......»»

Category: newsSource:  philstarRelated NewsAug 13th, 2019

Siemens in billion-euro deal for surgical robots firm

FRANKFURT, Germany – German industrial conglomerate Siemens said on Thursday, August 8, its medical devices arm had agreed to buy US surgical robots maker Corindus for one billion euros ($1.1 billion), in a deal that must still be approved by shareholders and regulators. "Siemens Healthineers will acquire all fully diluted shares ........»»

Category: newsSource:  rapplerRelated NewsAug 8th, 2019

Phoenix raises P3.5 B from comm’l papers

Independent petroleum firm Phoenix Petroleum Philippines Inc. has raised P3.5 billion from the issuance of the second tranche of its P10-billion commercial paper (CP) program......»»

Category: financeSource:  philstarRelated NewsAug 7th, 2019

Duterte approves franchise for solar firm of Loren Legarda s son

MANILA, Philippines – President Rodrigo Duterte approved the granting of a franchise to operate renewable energy facilities to a company owned by the son of Antique Representative Loren Legarda. Republic Act No. 11357 provides a franchise to Solar Para Sa Bayan Corporation, founded by Legarda's son, Leandro Leviste . Duterte signed the ........»»

Category: newsSource:  rapplerRelated NewsAug 1st, 2019

Duterte signs into law a bill granting franchise for Legarda solar firm

President Rodrigo Duterte has signed into law a bill granting a 25-year franchise to a solar company controlled by the son of Antique Rep. Loren Legarda. .....»»

Category: newsSource:  philstarRelated NewsAug 1st, 2019

Grab to invest $2 billion in Indonesia with SoftBank funds

JAKARTA, Indonesia – Ride-hailing giant Grab is investing $2 billion in Indonesia over the next 5 years, using funds from Japan's SoftBank Group to boost its presence in Southeast Asia's biggest economy, the firms said Monday, July 29. The Singapore-based firm has seen its business grow rapidly ........»»

Category: newsSource:  rapplerRelated NewsJul 29th, 2019

ICTSI inks P10-B deal for Brazil’s Libra Rio

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) has completed a P10-billion deal to acquire a Brazil-based firm, which holds the concession to operate a container terminal in the Port of Rio de Janeiro......»»

Category: newsSource:  bworldonlineRelated NewsJul 22nd, 2019

Ayala acquires property firm based in Pampanga for P2.4B

AYALALAND Logistics Holdings Corp. (ALLHC) continues its expansion with the acquisition of a real estate firm based in Pampanga for P2.39 billion......»»

Category: newsSource:  bworldonlineRelated NewsJul 22nd, 2019

Israel spyware firm can mine data from social media – Financial Times

  JERUSALEM – An Israeli spyware firm thought to have hacked WhatsApp in the past has told clients it can scoop user data from the world's top social media, the Financial Times reported Friday, July 19. The London paper wrote that NSO group had "told buyers its technology can surreptitiously scrape all ........»»

Category: newsSource:  rapplerRelated NewsJul 19th, 2019

Toyota unveils P1-B press line for body shell

The local unit of Japanese automaker Toyota Motor Corp. has inaugurated a P1 billion high technology press line for the production of large body shell parts, enabling the firm to meet the required localization target of the Vios car model under the government’s Comprehensive Automotive Resurgence Strategy (CARS) Program......»»

Category: financeSource:  philstarRelated NewsJul 18th, 2019

Villar firm applies for P20.7-B IPO

THE PHILIPPINES’ richest man, Manuel B. Villar, Jr., is taking his home improvement chain public this year in a bid to raise up to P20.7 billion to finance its expansion......»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2019

Davide: WT may sue province for stopping resource center project

CEBU CITY, Philippines — WT Construction Inc. (WTCI) the contractor of the proposed P1.3-billion Capitol Resource Center, is not obliged to backfill the now excavated site of the cancelled project. Instead, the firm may file a case against the Cebu provincial government for ordering for the stoppage of the project despite a standing contract with […] The post Davide: WT may sue province for stopping resource center project appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 17th, 2019

SM Prime profit jumps 16% in Q2

SM PRIME Holdings, Inc. reported a 16.4% increase in net income during the second quarter to P10.50 billion from P9.02 billion a year ago as it cited the “stable economy” as helping the Sy-led firm sustain its profit growth so far this year......»»

Category: financeSource:  bworldonlineRelated NewsJul 15th, 2019

Phoenix to raise P3.5 B from debt issue

Listed independent oil firm Phoenix Petroleum Philippines Inc. is raising at least P3.5 billion from the second tranche of its P10-billion commercial paper program to refinance debt......»»

Category: financeSource:  philstarRelated NewsJul 15th, 2019

PNOC, Israel firm team up for exploration projects

State-run Philippine National Oil Co. (PNOC) and Israel-based Ratio Petroleum Ltd. are teaming up to pursue possible joint oil and gas exploration projects in the country......»»

Category: financeSource:  philstarRelated NewsJul 13th, 2019

Philippines firm in Forbes Asia’s Best Under Billion list

Suntrust Home Developers Inc., a holding company in the Philippines, made it to Forbes Asia’s Best Under a Billion list of 200 top-performing public companies in the region......»»

Category: newsSource:  philstarRelated NewsJul 11th, 2019

RLC to form JV with Gokongwei foundation

ROBINSONS Land Corp. (RLC) is partnering with sister firm Gokongwei Brothers Foundation, Inc. (GBFI) for a new company to be valued at P5 billion......»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2019