Business

DOTC says world-class aviation system in place by 2015

MANILA, Philippines - The Department of Transportation and Communications expects the P13.25 billion world-class aviation communication, navigation and surveillance system in place by 2015.

PAL mounts more flights to Australia

MANILA, Philippines - Philippine Airlines is mounting flights to three new destinations in Australia this month.

Albay to host 10 events in 2015 APEC summit

LEGAZPI CITY, Philippines – Albay Gov. Joey Salceda announced yesterday that the province will host at least 10 of the 63 events in the 2015 Asia-Pacific Economic Cooperation (APEC) summit to be held in the Philippines.

Peso may regain strength vs dollar this year - UBS

MANILA, Philippines - Regional currencies may still post gains versus the US dollar this year despite a recent sell-off that caused Asian units to weaken on fears the world superpower would withdraw its stimulus measures soon, an economist from a global investment bank said.

Heritage Hotel to close casino

MANILA, Philippines - Grand Plaza Hotel Corp. (GPH) will no longer offer casino and other gaming activities to guests at the Heritage Hotel Manila.

Bosch opens first business hub in Cebu

MANILA, Philippines - Bosch, global supplier of technology and services, opened its first business hub outside of Manila in Mandaue City, Cebu.

BPOs to drive office space demand in MM

MANILA, Philippines - Demand for office space in Metro Manila will remain exceptionally strong, with tenants – particularly business process outsourcing (BPO) companies – aggressively taking up locations in key business districts to nearly full capacity, a property research firm said.

China's Xi eyes Trinidad-Tobago's energy assets

PORT OF SPAIN - Chinese President Xi Jinping held talks Saturday on the Asian giant's energy needs with leaders of Trinidad, a major oil exporter and potential clean-energy source for Beijing.

Ayala Land statement on Two Serendra blast

June 1, 2013, 2:25 p.m. - Ayala Land continues to look into the condition and welfare of those who were affected by the incident.

Chat app LINE eyes PH's growing mobile users

MANILA -- Messaging platform LINE is now eyeing the Philippine market, after successfully growing its users to more than 160 million around the globe following its launch in June 2011.