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PAL, union forge accord

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The Philippine Airlines (PAL) management and union have forged an agreement to end a three-year-old industrial action that followed a strike launched by the workers in protest against a controversial outsourcing scheme that resulted in more than 2,500 job cuts.

Posted: November 14th, 2013 in Latest Business Stories | Read More »

PH groups ink deals with Thai agency

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Philippine business groups have signed an agreement with the Thailand Convention and Exhibition Bureau (TCEB) as the country seeks to establish long-term strategic partnerships in the growing Meetings, Incentives, Conferences and Exhibitions (MICE) industry in the region.

Posted: July 25th, 2013 in Editor's Pick,Headlines | Read More »

A. Brown unit inks power purchase deal

A. Brown Co. Inc. subsidiary Peakpower Energy Inc. signed an Electric Power Purchase Agreement (EPPA) with the Agusan del Sur Electric Cooperative Inc. (Aselco) early this month.

Posted: May 27th, 2013 in Latest Business Stories | Read More »

Straying power

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Just a few years ago, the government was worried sick of a “potential” power shortage in Western Visayas, particularly Iloilo province. Without much ado, the government quickly achieved an almost impossible feat.   The government simply struck a deal with a publicly listed company, which made the company super-rich—to the tune of hundreds of millions [...]

Posted: February 18th, 2013 in Columnists,Inquirer Columns | Read More »

Brunei state oil company signs agreement with PNOC

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Petroleum National Brunei, the national oil company of Brunei Darussalam, has signed an agreement with state-run Philippine National Oil Co. to jointly implement investment opportunities in the liquefied natural gas (LNG) and upstream oil sectors here. According to a document from the Department of Energy, the signing of the agreement was an offshoot of the [...]

Posted: December 25th, 2012 in Editor's Pick,Headlines | Read More »

Ayala seals Valenzuela land deal

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Ayala Land Inc. and the Gatchalian family have finalized a deal to develop 17 hectares of the latter’s “Plastic City” estate in Valenzuela City, envisioned to be redeveloped into a mixed-use urban complex in northern Metro Manila.  PHOTO FROM WELLEX.COM.PH

Property giant Ayala Land Inc. and the Gatchalian family have finalized a deal to develop 17 hectares of the latter’s “Plastic City” estate
in Valenzuela City, envisioned to be redeveloped into a mixed-use urban complex in northern Metro Manila.

Posted: December 19th, 2012 in Editor's Pick,Headlines | Read More »

Greenergy eyes P415M infusion from Swiss fund

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Greenergy Holdings Inc. (formerly MUSX Corp.) is expecting a P415-million capital infusion from Cleantech Projekgesellschaft mbH, a fund managed by ThomasLloyd Global Asset Management (Switzerland) AG of Zurich.   In a disclosure to the Philippine Stock Exchange Thursday, Greenergy said it had signed an investment agreement with Cleantech, which was expected to subscribe to 20.78 [...]

Posted: August 16th, 2012 in Latest Business Stories | Read More »

SSS adopts new claims, loans payment system

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The Social Security System has entered into an agreement with Citibank in relation to the pension fund’s plan to change its system of disbursing salary loans and benefits.

Posted: June 21st, 2012 in Latest Business Stories | Read More »

BCDA seals agreement with Turkish trade bloc

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State-run Bases Conversion and Development Authority (BCDA) recently forged an agreement with the Turkish Confederation of Businessmen and Industrialists (Tuskon) to boost trade between Turkey and the Philippines.

Posted: June 19th, 2012 in Headlines | Read More »

P27.3M ADB grant to fuel BPO sector’s growth

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The Asian Development Bank (ADB) has extended a grant of $650,000 (P27.3 million) to the Philippines to help sustain the continued growth of its business process outsourcing sector, one of the country’s top dollar-earning industries.

Posted: May 3rd, 2012 in Headlines | Read More »

MGI, UPLB ink watershed management agreement

Maibarara Geothermal Inc., which is developing a P2.8-billion geothermal power plant in Mt. Makiling, signed last week an agreement with the University of the Philippines Los Baños for the proper and effective watershed management at the Maibarara service contract area in Batangas.

Posted: March 7th, 2012 in Headlines | Read More »

GMA 7 overseas unit signs distribution deal with Fox

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The overseas unit of broadcast giant GMA Network Inc. has signed a syndication deal for the distribution of its shows to different countries in four continents.

Posted: January 31st, 2012 in Headlines | Read More »

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