Tag: philippine stock exchange
Energy Dept. confirms PetroEnergy’s Nabas wind power as commercially viable
MANILA (Mabuhay) — The Department of Energy on Tuesday confirmed PetroGreen Energy Corp.’s 50-megawatt (MW) Nabas wind power project in Aklan as commercially viable. PetroGreen Energy, through wholly-owned subsidiary PetroGreen Resources Corporation, is developing the Nabas wind farm in the municipality of Nabas where AKELCO is the electricity distribution franchise holder. In a disclosure to [...]
Malacanang cites S&P credit upgrade for strengthening peso
Malacanang cited international credit rating firm Standard & Poor’s (S&P) recent credit upgrade of the Philippines for the strengthening peso. In a press briefing aired over government-run radio station dzRB Radyo ng Bayan, Deputy Presidential Spokesperson Abigail Valte said that with the credit upgrade, the Philippine Peso now ranks third on the list of best [...]
$4-B mega-casino set to open next month in Manila
MANILA, Feb 6, 2013 (AFP) – A $4 billion mega-casino complex is set to open in the Philippines in mid-March when the first of four franchise-holders starts commercial operations, the parent firm said in a disclosure released Wednesday. The $1.2 billion Solaire Manila Resorts is one of four gaming operations licensed at Manila’s bayside Entertainment [...]
PH Seeks Increased Trade with Virginia
VIRGINIA BEACH—The Philippines is urging officials of the Commonwealth of Virginia to send business delegations to Manila and explore trade and investment opportunities in what is touted to be Asia’s new tiger economy. Ambassador Jose L. Cuisia Jr. made the pitch during his meeting with Virginia Secretary of Commerce and Trade Jim Cheng, State Delegate [...]
Philippines’ PAL expects impact from Japan crisis
MANILA, March 17, 2011 (AFP) – Philippine Airlines’ parent company said Thursday the quake and nuclear crisis in Japan, a key market, could deal a blow to the flag carrier’s revenues. The airline remains on target to increase revenues by 10 percent for the fiscal year ending on March 31, but things are less clear [...]
