Business

Aboitiz eyes P148-B upgrade of 4 regional airports

MANILA -- Aboitiz InfraCapital, the infrastructure business unit of the Aboitiz Group, on Wednesday submitted an unsolicited proposal to modernize four regional airports for PHP148 billion over a 35-year concession period, in...

TDF rates up across-the-board

MANILA -- Rate of the central bank’s Term Deposit Facility (TDF) rose across-the-board Wednesday, with tenders rising above the offering for all three tenors. Data released by the Bangko Sentral ng Pilipinas (BSP)...

Construction firm wants to raise P15.5-B thru IPO

MANILA --  D.M. Wenceslao & Associates Inc. (DMWAI) , an integrated property developer and construction firm, has  asked the Securities and Exchange Commission (SEC) to allow it to  raise some PHP15.5...

DOF signs grant deal for climate change-related projects

MANILA -- Finance Secretary Carlos G. Dominguez on Wednesday signed agreements with several local government officials whose localities will benefit from the People’s Survival Fund (PSF) and receive grants for the implementation...

ICTSI sets USD380-M capex in 2018

MANILA -- Port operator International Container Terminal Services, Inc. (ICTSI) has earmarked a capital spending of USD380 million this year after ending 2017 with a seven-percent increase in profit. In a disclosure to...

Average 2018 inflation to rise beyond 2-4% target range – Espenilla

MANILA - - Higher prices of fuel, sugar-sweetened beverages and tobacco as well as electricity rates are seen to push  2018 average inflation in the Philippines to rise beyond the government’s two...
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