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Udenna to build P302-B central business district in Clark

MANILA — Udenna Corporation, the holding company of businessman Dennis Uy, will invest USD6 billion (roughly PHP302.6 billion) in the …

Cemex unit gets DENR nod

MANILA— A subsidiary of listed cement manufacturer Cemex Holdings Philippines Inc. (CHP) has gotten the green light from the Department of …

Loan validity for Visayas projects extended

MANILA — The National Economic and Development Authority (NEDA) Investment Coordination Committee-Cabinet Committee (ICC-CabCom) has approved the extension of the …

Robinsons Retail acquires 20% stake in beauty site operator

MANILA — Gokongwei-led retailer Robinsons Retail Holdings Inc. (RRHI) is ramping up its online presence with a 20-percent stake acquisition …

ADB upgrades PH growth forecasts for 2017, 2018

MANILA — The Asian Development Bank (ADB) has upgraded its gross domestic product (GDP) growth forecasts for the Philippines this …

IT-BPM resurgence seen in 2018

MANILA — The office property market is expected to continue expanding next year with a resurgence of the information technology-business …

Vitarich to spend P130-M for new feed mill next year

MANILA — Listed agribusiness firm Vitarich Corp. is earmarking PHP130 million in capital expenditures (capex) next year in an effort …

Total trade grows 10.4% in October

MANILA — The country’s total trade grew by 10.4 percent in October 2017 from 4.6 percent in the previous month …

Unemployment slightly up in October

MANILA — The country’s unemployment rate slightly increased to 5 percent last October from 4.7 percent in the same month …

PH credit rating upgrade reflects strong economy: NEDA

MANILA — The National Economic and Development Authority (NEDA) welcomed on Monday the Philippine credit-rating upgrade from Fitch Ratings, noting …

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