April 28, 2017, 10:28 am
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Business News

BCDA sets timeline for BGC-NAIA BRT

The Bases Conversion Development Authority (BCDA) is targetting to finish  by June the feasibility study of a planned  bus rapid transit (BRT) system from Bonifacio Global City to the Ninoy Aquino international airport (NAIA) and start its construction by the end of the year, according to Vivencio Dizon, BCDA president. 

China March industrial profits soar 24%

BEIJING - Profits earned by China’s industrial firms rose 23.8 percent in March from a year earlier, buoyed by a continued construction boom, though the pace of growth eased from multi-year highs seen in previous months.
 

Luxury goods group’s sales growth picks up

PARIS - French luxury goods group Hermes said on Thursday that sales growth accelerated in the first quarter, driven by demand from Asian customers, providing further evidence of a broader recovery in the luxury goods industry.

P554B toll road projects set

The infrastructure arm of San Miguel Corp., San Miguel Holdings Corp. (SMHC)  and state-run Philippine National Construction Corp. (PNCC) yesterday signed a P554-billion deal to jointly undertake six major tollroad projects extending  up to Sorsogon in  Bicol.

Vietnam assures PH of rice supply

Vietnam has assured the Philippines of continuous rice supply even as both countries explore cooperation efforts in the manufacture of leather goods and textile.

NGCP supports broadband program

The National Grid Corporation of the Philippines (NGCP) has been in close coordination with the Department of Information and Communications Technology (DICT) and the Department of Energy (DOE) for a possible partnership to bring high-speed internet nationwide.
 

Torre construction to resume

DMCI Holdings, Inc. said it will immediately resume construction of its stalled Torre de Manila residential tower following a decision by the Supreme Court to lift the restraining order on the project. 

Growth seen at 6.5-7% in Q1

The Philippine economy is expected to expand by 6.5 to seven percent in the first quarter, with exports providing the additional boost to robust domestic demand.    

Customs collections up in Q1

The Bureau of Customs (BOC) collected P104.9 billion in revenue for the first quarter of the year, up 0.6 percent from the P104.28 billion collection target set for the period.

P17B Mactan airport redev’t in full swing

Megawide Corp. said its airport unit GMR-Megawide Cebu Airport Corp. (GMCAC) is halfway towards completing the redevelopment of the Mactan-Cebu International Airport (MCIA), with the second terminal on trackto be finished by June 2018. 

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Front Page

Column of the Day

A modern Nostradamus

By NESTOR MATA | April 27,2017
374 View(s) 0 Comment(s)
‘A mystic predicted Donald Trump’s presidency and now claims to have a date for World War III.’

Opinion of the Day

What about capital punishment?

By DAHLI ASPILLERA | April 28, 2017
124 View(s) 0 Comment(s)
‘Convicts to the gallows--not only indigent criminals, but also corrupt politicians, civil servants, judges who, commit plunder.’