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Russia firm eyes investment in Philippines

MANILA, Philippines — A Russian company is planning to put up the first pipeline coating facility in the Philippines, making the country its production hub f.....»»

Category: financeSource: philstar philstarDec 23rd, 2017

Russia firm eyes building pipeline plant in Bataan

A Russian company expressed interest to the Board of Investments (BOI) to construct a pipeline coating facility in the Philippines, the Department of Trade and Industry (DTI) said on Friday, in another indiction of the country’s increasing attractiveness to foreign investors. According to Trade Secretary Ramon Lopez, Igor Shaporin, BT SVAP LLC’s chairman of the [...] The post Russia firm eyes building pipeline plant in Bataan appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 22nd, 2017

Local firm eyes $250-M Leyte steel mill project

MANILA, Philippines – A company formerly engaged in mining in Leyte is proposing to develop a steel mill plant in the province with an investment of $250 mil.....»»

Category: financeSource:  philstarRelated NewsNov 30th, 2016

NOW Corp blames DICT s Rio for drop in shares, eyes charges

MANILA, Philippines – The messy spat between publicly-listed firm NOW Corporation and Information and Communications Technology Secretary Eliseo Rio Jr raged on, with the former leaning toward more legal battles. In a statement released on Monday, October 15, NOW Corporation linked the dip in its share prices to Rio's statements ........»»

Category: newsSource:  rapplerRelated NewsOct 15th, 2018

China’s Tencent, KKR to invest in PayMaya developer

Chinese technology giant Tencent Holdings, the developer of WeChat, and a United States-based fund are entering PLDT Inc.'s digital innovations arm--- a move seen to accelerate the use of cashless payments in the Philippines over the next few years. In a joint statement, PLDT said Tencent and investment firm KKR will invest up to $175 million (P9.5 billion) into PLDT unit Voyager Innovations, which operates the mobile wallet PayMaya. The deal was branded yesterday as the single largest investment to date in a Philippine tech company. "We can scale up and that's what Tencent and KKR want to do," PLDT chair and CEO Manuel V. Pangilinan told reporters in a briefing on Thursday. "Al...Keep on reading: China’s Tencent, KKR to invest in PayMaya developer.....»»

Category: newsSource:  inquirerRelated NewsOct 4th, 2018

Property firm Pueblo de Oro to develop more residential projects

Pueblo de Oro Development Corp. (PDO) targets to develop more residential projects in the future as it looks to contribute to the housing sector in addressing the housing backlog in the country. In a statement issued Wednesday, Sept. 5, the property unit of Investment & Capital Corporation of the Philippines (ICCP) said among the projects […] The post Property firm Pueblo de Oro to develop more residential projects appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 5th, 2018

AIIB eyes funding 2 big-ticket PH projects

The China-led Asian Infrastructure Investment Bank (AIIB) is looking into extending loans for two major road projects in the Philippines, according to the Department of Finance. The AIIB was also c.....»»

Category: newsSource:  philippinetimesRelated NewsAug 31st, 2018

China-led AIIB eyes peso financing option for infrastructure

China-led Asian Infrastructure Investment Bank (AIIB) is exploring a possible local currency financing scheme with the Philippines to help fund the Duterte administration’s massive infrastructure program, the Department of Finance (DOF) said yesterday......»»

Category: financeSource:  philstarRelated NewsAug 31st, 2018

Vietnam telecom firm Viettel eyes Philippine market

Fixing the Philippines' notoriously patchy and expensive telecom services was a campaign promise of populist President Rodrigo Duterte The Philippines has one of the world's largest rates.....»»

Category: newsSource:  manilanewsRelated NewsAug 24th, 2018

Vietnam telecom firm eyes Philippine market

HANOI — Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive, the company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator. The post Vietnam telecom firm eyes Philippine market appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsAug 23rd, 2018

Vietnam telecom firm Viettel eyes Philippine market

HANOI— Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive, the company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator. Fixing the Philippines‘ notoriously patchy and expensive telecom services was a campaign promise of populist President Rodrigo Duterte, […].....»»

Category: newsSource:  interaksyonRelated NewsAug 23rd, 2018

Firm eyes deal on internet over power lines

Laguna-based electronics manufacturer Cirtek Holdings Philippines Corp. is in talks with National Grid Corporation of the Philippines (NGCP) on a potential partnership that could transform the coun.....»»

Category: newsSource:  philippinetimesRelated NewsAug 22nd, 2018

Philippines could breach US sanctions if Russia arms deal proceeds

MANILA — The Philippines is at risk of breaching sanctions imposed by the United States if it proceeds with the purchase of grenade launchers from a blacklisted Russian firm, a deal that could test its longtime security alliance with Washington. A senior Philippine general familiar with the deal said Manila had agreed in October last year to […].....»»

Category: newsSource:  interaksyonRelated NewsJul 19th, 2018

Philippine economy to sustain growth momentum – First Metro

MANILA, Philippines – Despite the political noise, First Metro Investment Corporation (FMIC) remains bullish on the Philippine economy. The investment firm sees the country's gross domestic product (GDP)  expanding by 7% to 7.5% this year. FMIC president Rabboni Francis Arjonillo said the Philippines has solid macroeconomic fundamentals. "Robust domestic demand continues to fuel the ........»»

Category: newsSource:  rapplerRelated NewsJul 16th, 2018

ETII pursues projects in Visayas

Ecosystem Technologies International Inc. (ETII), part of the Metro Pacific Water portfolio, is eyeing projects with local governments in the Visayas in preparation for an expansion drive into Southeast Asian and African markets.   ETII is joint-venture between Metro Pacific Investment Corp. (MPIC), with a 65 percent stake, and Ecosystem Technology Inc.   It is a pioneer in the Philippines in the recycling and reuse of wastewater, and holds 10 patents for related technologies.   Michael C. Rubio, ETII director for communications, said yesterday in a briefing the 20-year-old firm had completed at least 600 wastewater treatment projects across the country--...Keep on reading: ETII pursues projects in Visayas.....»»

Category: newsSource:  inquirerRelated NewsJul 13th, 2018

Taiwan firm eyes PH as manufacturing hub; local unit sets P6.77-B IPO

Taiwan-based New Kinpo Group (NKG) is grooming the Philippines to be its next Southeast Asian electronics manufacturing hub with a P6.77-billion local stock market debut planned by its local arm, Cal-Comp Technology (Philippines) Inc. Simon Shen, NKG chief executive, yesterday said the group was boosting its operating capacity in the Philippines as it shifted the focus of operations in China. "China will move toward higher level R&D (research and development), so its manufacturing component will slowly be transitioned to the Philippines. This IPO (initial public offering) will allow us to raise the funds needed to support the transition and help the Philippines enhance its manu...Keep on reading: Taiwan firm eyes PH as manufacturing hub; local unit sets P6.77-B IPO.....»»

Category: newsSource:  inquirerRelated NewsJul 12th, 2018

Korean firm details $1.7-B investment proposal

South Korean firm SK E&S Co. Ltd. has a proposed $1.7-billion package of investment for the Philippines that includes--aside from a liquefied natural gas (LNG) terminal--a number of LNG-fired p.....»»

Category: newsSource:  philippinetimesRelated NewsJun 14th, 2018

PHL employee engagement rises to 71% after 2016 drop — Aon

EMPLOYEE engagement levels in the Philippines rose by six percentage points to 71%, according to a new report by global professional services firm Aon. Employee engagement, as defined in Aon’s 2018 Global Employee Engagement Trends Report, is “the level of an employee’s psychological investment in their organization.” The more than 8 million employees polled worldwide […] The post PHL employee engagement rises to 71% after 2016 drop — Aon appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 28th, 2018

Philippines, Russia follow through on JCTEC initiatives

The JCTEC is a mechanism to improve bilateral economic relations between the Philippines and Russia. During the meeting, the following areas for collaboration were discussed: trade and investment p.....»»

Category: newsSource:  philippinetimesRelated NewsMay 9th, 2018

PCC approves merger of Dennis Uy s Udenna with 2GO shareholder

MANILA, Philippines – The  Philippine Competition Commission (PCC) , the country's antitrust agency, approved Udenna Corporation's merger with a Dutch company that indirectly holds a stake in 2GO Incorporated's parent firm, after it complied with the commission's demands. KGL Investment BV (KGLI-BV) is a private limited liability company under KGL Investment Coöperatief UA, based ........»»

Category: newsSource:  rapplerRelated NewsMay 7th, 2018

DOLE eyes OFW deployment to Russia

MANILA, Philippines – The Department of Labor and Employment (DOLE) has started negotiating with Russia with the goal of sending overseas Filipino workers to the world's largest nation.  Labor Secretary Sylvestre Bello III said in a statement that Russia could be an alternative market for OFWs ........»»

Category: newsSource:  rapplerRelated NewsApr 26th, 2018