December 15, 2017, 9:53 pm
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Business News

Logistics firm beefs up vessel

by RUELLE CASTRO on December 13, 2017
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Chelsea Logistics Holdings Corp. (CLC) said it has acquired more vessels as part of its expansion in its aim to be the country’s “prime mover of vital goods, cargoes and people.”

Coal-fired power plant closes

December 13, 2017
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GNPower Dinginin Ltd. Co., a consortium composed of  Ayala-led AC Energy, Aboitiz-owned Therma Power Inc. and Power Partners, achieved financial close for the project financing of the second unit of its 2x668 megawatts (MW) super-critical coal-fired power plant in Bataan.

PCC issues guidelines on bake

December 13, 2017
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The Philippine Competition Commission (PCC) is reviewing the acquisition by the SM Group of Goldilocks Bakeshop Inc. to ensure it will not result in anti-competitive behavior.

Food company’s share sale over

December 13, 2017
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Del Monte Pacific Ltd. said demand for its preferred shares sale was oversubscribed by 2 million shares in relation to the 10 million made available to the market. 

Masbate power supplier signs

December 13, 2017
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Consunji-led DMCI Masbate Power Corp. (DMPC) has signed an engineering, procurement and construction contract with Chinese firms for a 15 megawatts (MW) thermal power plant in Masbate.

Poultry firm eyes 30% growth p

December 13, 2017
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Vitarich Corp. is eyeing a potential 30 percent growth in its business next year, following this year’s projected P150 million profit, as it works to revive its momentum after exiting from corporate rehabilitation. 

Water concessionaire wraps up

December 13, 2017
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West zone concessionaire Maynilad Water Services, Inc. has completed the replacement of 20 kilometers of old, leaky pipelines in ParañaqueCity worth P136 million.

Office space takeup seen hitt

December 13, 2017
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Property consultancy firm Leechiu Property Consultants (LPC) said it expects office take up in Metro Manila to hit a “record” 750,000 square meters (sq.m.)  this year, as the industry ride on its momentum. 

Fitch upgrades telco’s credit

December 13, 2017
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Fitch Ratings yesterday said it has upgraded PLDT Inc.’s credit ratings driven by the company’s strategy to return to profitability and higher investment on expansion.

PH gets rating upgrade anew

by JIMMY CALAPATI on December 12, 2017
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The Philippines got another boost yesterday as Fitch Ratings upgraded the country’s sovereign credit rating due to “strong and consistent macroeconomic performance.”

Pages

Front Page

Column of the Day

Santa Claus isn’t coming

By DAHLI ASPILLERA | December 15,2017
‘Kids, sorry to say that Santa Claus is not coming this year. Things are falling apart in the North Pole.’

Opinion of the Day

Duterte doesn’t rule out nationwide martial law

By ELLEN TORDESILLAS | December 15, 2017
‘Duterte does not even bother to allay these concerns.’