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Manila Water vows prompt completion of pipe replacement project at EDSA Guadalupe

Manila Water Co. Inc. on Thursday committed to complete its steel pipe replacement program along the southbound EDSA lane by the fourth quarter this year to minimize its disruptive impact on the government's Greenways Project at the Guadalupe light rail station.

Suntrust Resort secures USD17 million loan for hotel-casino project

Suntrust Resort Holdings Inc., an affiliate of Andrew Tan’s Megaworld Corp., on Thursday said its board approved a USD17-million loan agreement to finance The Main Hotel and Casino project at the Entertainment City. 

Alliance Select sees better prospects in 2024 after narrowing losses in 2023

Alliance Select Foods International, Inc. is hopeful it could sustain earnings growth in the coming quarters to bounce back this year from a net...

NG deposits, bond proceeds help push May BOP into surplus

The country’s balance of payments (BOP) stood as a surplus of USD 2 billion in May, a reversal from the USD 439 million deficit recorded a year earlier. 

Cebu seen running out of power options in four years

Energy deficient Cebu is forecast to require far more electricity than is fed the island at present and will run out of options in four years unless new power plants are built, a top official of Aboitiz Power Corp. said.

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JTI Philippines names Alan Jackson as new GM

JTI Philippines has appointed Alan Jackson as general manager, tapping his international leadership experience as the tobacco company seeks to expand its portfolio, strengthen operations and address illicit trade in the local market.

Puerto Princesa eyes tourism, property investments for growth

Puerto Princesa City is positioning itself for sustained economic growth through major tourism, hospitality and property developments, as investors explore opportunities in Palawan’s expanding visitor economy.

Manulife expands global real asset investment options

Manulife Investments Philippines has broadened its investment offerings beyond real estate investment trusts (REITs), introducing a multi-asset fund that gives Filipino investors exposure to global infrastructure, natural resources and inflation-linked securities.

Malampaya safety record bolsters reliability as gas expansion nears

Prime Energy’s Malampaya Onshore Gas Plant (OGP) in Batangas has marked 25 years without a recordable safety incident involving harm to people or a significant process safety incident, underscoring the importance of operational discipline as the Philippines moves to expand indigenous natural gas production.
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