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PHL economy grows 7 % in Q1 on strong consumption, gov’t spending

MANILA—The Philippine economy likely expanded 7 percent in the first quarter of 2017 on the back of increased government spending …

First Gen restoring switchyard of Batangas power plant

MANILA–Listed power conglomerate First Gen Corp. on Monday said it is working to restore the operability of the switchyard of …

Jollibee to open first Italy branch

MANILA–Homegrown fast food giant Jollibee Foods Corp. (JFC) will open its first Jollibee store in Italy as it expands its …

Emperador completes buyout of Mexico’s brandy business for 80.9 M euros

MANILA— Listed liquor company Emperador Inc. has completed its acquisition of Domecq and Pedro Domecq brands from Pernod Ricard S.A. …

Ayala consolidates auto ventures

MANILA—Conglomerate Ayala Corp. is consolidating its assets in manufacturing and vehicle distribution and dealership under its subsidiary, AC Industrials Technology …

Four Panay provinces get Php307 M worth of agri interventions

MANILA–The Department of Agriculture (DA) has extended Php307 billion worth of agricultural interventions to farmers and fisher folk in four …

Andal defies PCA board’s suspension order, downplays corruption charges

MANILA –Philippine Coconut Authority (PCA) Administrator Avelino Andal on Monday downplayed allegations of corruption thus would continue to assume his …

Ayala acquires 2 renewable energy firms

MANILA—Conglomerate Ayala Corp. has acquired two renewable energy firms in a bid to fast-track its renewable energy expansion to meet …

More Filipinos urged to save, invest

MANILA—Social enterprise The Global Filipino Investors Inc. (TGFI) encourages more Filipinos here and abroad to save and invest their money …

Jollibee buying more shares in US-based Smashburger

MANILA—Homegrown Jollibee Foods Corp. (JFC) is increasing its first purchase option in American fast-food chain Smashburger by 10 percent in …

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