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Norway firm to put up paint facility in PH

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A paint manufacturer from Norway is now firming up plans to put up a manufacturing facility in the Philippines, barely a month after the Philippine Economic Zone Authority (Peza) conducted an investment mission in Europe.

Posted: November 7th, 2013 in Headlines | Read More »

S. Korea’s Hyundai wins $1.1B order from Norway

A ship being being built at Hyundai Heavy Industries shipyard in Ulsan in this file photo. The South Korean shipbuilder said Monday it had won a $700-million deal to build the world's largest container ships for China Shipping Container Lines.  AFP PHOTO/ FILES/KIM JAE-HWAN

Hyundai Heavy Industries said Sunday it has won a $1.1-billion order from Norway’s Statoil ASA to install a topside facility on a spar hull being built by the South Korean company.

Posted: January 20th, 2013 in Latest Business Stories | Read More »

Oil drops to near $85 as China trade growth slows

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In this June 21, 2012 photo, a worker picks up parts of an automobile at Chinese automaker Geely Cixi Manufacture Base in Cixi. China. China's trade growth decelerated sharply in June as a slowdown in the world's second-largest economy deepened despite stimulus efforts. Import growth fell by half from May's level to 6.3 percent, data showed Tuesday, July 10, 2012, reflecting weak Chinese consumer and industrial demand. Export growth declined to 11.3 percent from May's 15.3 percent amid weakness in China's key European and U.S. markets. (AP Photo/Eugene Hoshiko)

Oil dropped to near $85 a barrel Tuesday after weak Chinese trade figures suggested the economic slowdown in the world’s second-largest crude consumer is deepening.

Posted: July 10th, 2012 in Latest Business Stories | Read More »

Biz Buzz: Manolo’s swan song

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When shareholders of Manila Electric Co. gather for their annual meeting this May 29, it will be the last time Ambassador Manolo Lopez, 69, will address them as chair. Lopez was chair and chief executive officer of Meralco until 2010, when the First Pacific group bought out most of the Lopezes’ stake and installed Manuel V. Pangilinan (MVP) as the new CEO.

Posted: May 14th, 2012 in Editor's Pick,Headlines | Read More »

105-MW Ambuklao now up and running

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SN Aboitiz Power (SNAP) Benguet Inc. will fully commission on Tuesday the 105-megawatt Ambuklao hydroelectric power plant after the company rehabilitated the facility that was last seen running in 1999. “When we took over the Ambuklao Plant in 2008, it had been shut down and under preservation by National Power Corp. (Napocor) for close to [...]

Posted: October 26th, 2011 in Headlines | Read More »

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