Archive for the ‘Business’ Category:
Meralco customers to enjoy lower bills this December
Manila Electric Co. (Meralco) customers may see a cut in their bills this month as a result of lower generation charges, the power distributor said on Monday.
Customers consuming 100 [...]
SM to open up 5 more malls, 1 in China next year
The SM group, the Philippines’ largest mall operator, will be putting up five more shopping centers in the country, including another one in China.
Additional malls will be built [...]
Philippine call center to employ blind people only
Next week, the Philippines will open its first ever call center that only employs blind persons, a milestone in the struggle of disabled people to cross the digital divide.
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Philippines exports down 21 percent in August
Philippine exports dropped 21 percent year-on-year in August to 3.47 billion dollars due to weak sales of electronic products, the government said Tuesday.
Exports for the month, however, were up 4.9 [...]
Remittances seen to rise this year
Filipinos working abroad are expected to send more money home this year, breaching a record-high last year, a report made by the University of Asia and the Pacific (UA&P) and [...]
90,000 Meralco customers still without power
MANILA – At least 90,000 households or 1 percent of Manila Electric Company’s (Meralco) franchise still has no power supply as of Thursday morning, five days after tropical storm Ondoy [...]
Maynilad to hike water rates from October to December
From October to December this year, customers of Maynilad Water Services Inc. (MWSI) will fork out more money to keep their taps running, the company said on Wednesday.
Maynilad [...]
Yahoo seeking up to $500 million for small business unit
SAN FRANCISCO/NEW YORK (Reuters) – Yahoo Inc hopes to get up to $500 million for a unit that hosts websites for small companies, after putting it on the market for [...]
Dell to buy Perot Systems
NEW YORK/SAN FRANCISCO (Reuters) – Dell Inc plans to buy Perot Systems Corp for about $3.9 billion, paying a steep 67.5 percent premium to expand its technology services business and [...]
Philippine dollar reserves hit record high in August
The country’s dollar reserves climbed to a fresh record high last month enough to cover 7.1 months of goods and payments of services and income, Bangko Sentral ng Pilipinas (BSP) [...]
Meralco reduces rates for 5th straight month
Power rates in Metro Manila will be reduced for the fifth straight month this September on lower generation charge, Manila Electric Co. said.
Ivanna dela Pena, Meralco vice president and [...]
San Miguel Energy to launch IPO
San Miguel Corp.’s energy investment arm may soon hold an initial share sale within the next three years, company president Ramon Ang said.
During the period, San Miguel Energy [...]
EBay to sell Skype stake for 1.9 billion
NEW YORK (Reuters) – EBay Inc plans to sell a 65 percent stake in its online phone unit Skype for $1.9 billion to private investors including Silver Lake and a [...]
Philippine economy expands
Government spending and double-digit growth of the Philippines’ construction and mining sectors helped the economy grow at a modest pace and avert a recession.
The Philippine economy grew by [...]
Philippine coffee producers need P200M yearly to meet local demand
The Philippines’ coffee industry requires at least P200 million yearly to meet domestic demand and sell the rest to other countries, the founding trustee of the private-sector led Philippine Coffee [...]
