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Bloombury breaks ground for US$ 577 million hotel complex

MANILA, July 30 (PNA) - Bloombury Investments Holdings, Inc. recently broke ground to start the development of an 8.3-hectare, world class integrated resort complex at the Bagong Nayong Pilipino–Entertainment City Manila, an investment amounting to US$ 577 million.  [ Read More ]

LR releases software for developing safer container vessel design

MANILA, July 30 (PNA) -- Ship classification society Lloyd’s Register (LR) announced that it has developed and released new container-securing rules and software to provide a robust framework for safer, more effective modern vessel designs.  [ Read More ]

BOI approves Kenrich housing project in Cebu

MANILA, July 30 (PNA) -- The Board of Investments (BOI) recently approved the application of Kenrich Development Corp. for its housing project in Tungkil, Minglanila, Cebu.  [ Read More ]

BOI approves garments exporter

MANILA, July 30 (PNA) -- The Board of Investments (BOI) recently approved the application of TTC Garments, Inc. as an expanding garments manufacturer that will export 70 percent of its production.  [ Read More ]

StateMotor Corp. invests P371M

MANILA, July 30 (PNA) -- StateMotor Corporation has proposed to invest P371 million for the assembly of commercial vehicles and parts manufacturing in the country. [ Read More ]

BSP survey shows improved business outlook in Visayas in Q2

CEBU CITY, July 30 (PNA) - A survey by the Bangko Sentral ng Pilipinas (BSP) showed business outlook in the Visayas, especially Region 7, improved in the second quarter of 2010, at the height of the election season.  [ Read More ]

First business week rakes over P.5M in Tacurong City

COTABATO CITY, July 30 (PNA) – The 1st Tacurong City Business Week celebration with entrepreneurs actively participating has raked P511,898 in sales, trade and industry officials said.  [ Read More ]

DOF eyes tweaking of REIT implementing rules

MANILA, July 30 (PNA) – Finance Secretary Cesar Purisima on Tuesday disclosed the possible “tweak” in the implementing rules of the Real Estate Investment Trust (REIT) act to counter revenues loss from this law.  [ Read More ]

BSP plant capable of printing more than 1B money bills at any given time

MANILA, July 30 (PNA) - The Security Printing Plant complex of the Bangko Sentral ng Pilipinas in Quezon City is perfectly capable of meeting the printing and minting requirements of the economy no matter that it sometimes resorts to outsourcing a portion of the demand to foreign entities like De La Rue PLC.  [ Read More ]

Meralco eyes 600MW capacity expansion

MANILA, July 30 (PNA)--Distribution giant Manila Electric Company (Meralco) plans to expand its power projects in Luzon by 600 megawatts from 2011 to 2013.  [ Read More ]

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