$150 million expected from durian shipments to China
Durian exports to China are seen yielding as much as $150 million, or P8.29 billion, in export receipts this year alone, according to the Bureau of Plant Industry (BPI).
PAL Holdings OK swap ratio for Philippine Airlines shares
The board of PAL Holdings Inc., a company owned by tycoon Lucio Tan, has approved the exchange ratio for the swap of its shares with those of Philippine Airlines, the country’s first flag carrier.
SMIC launches tender offer for all 2Go shares
Conglomerate SM Investments Corp. has launched a tender offer for all shares the public owns at its ferry operator, 2Go Group Inc.
Rockwell appoints Nestor Padilla as chairman
Rockwell Land Corp., the real estate unit of the Lopez-led First Philippine Holdings Corp., on Tuesday appointed its current president and CEO Nestor J. Padilla as chairman, replacing Manuel M. Lopez who passed away on January 12.
No let-up in price pressures with forecast February inflation seen as high as 9.3%
The Bangko Sentral ng Pilipinas (BSP) on Tuesday forecasts inflation in February to settle within the range of 8.5 to 9.3 percent.
