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SteelAsia to invest P82 billion in 5 new steel plants across the Philippines
SteelAsia Manufacturing Corp., a major Philippine steel producer, unveiled its plan to build five new steel plants across the country costing P82 billion it projects will boost domestic manufacturing capabilities, reduce import dependency, and foster economic growth.
Cebu Air expects to complete USD24 billion Airbus deal within 3Q
Cebu Air Inc., the listed airline unit of the Gokongwei Group that runs budget carrier Cebu Pacific, said Tuesday it expects to finalize within...
President Marcos bans all POGOs, tells PAGCOR to wind down licenses by year end
President Ferdinand Marcos Jr. on Monday ordered the Philippine Gaming and Amusements Corp. to stop all Philippine Offshore Gaming Operations amid their illicit activities, and instructed other agencies to find jobs for those who would be displaced by the end of POGO ventures in the country.
Ayala, Gokongwei in talks for airline partnership after banks’ merger
The Ayala and Gokongwei groups appear to be looking at extending their partnership in banking to other business interests.
Solar firm looks to add 250 MW to Luzon grid
Renewable energy developer NKS Solar One Inc. is seeking Energy Regulatory Commission (ERC) approval for the construction of a dedicated point-to-point transmission facility connecting its power plants in Laguna to the Luzon grid.
