Local builder Atlantic, Gulf and Pacific Company (AG&P), which now focuses on LNG infrastructure solutions including LNG terminals and supply chains, and Hindustan LNG (HLNG), an LNG import terminal development company based in India, have signed a memorandum of understanding (MOU) to supply natural gas to power stations in the East Godavari region of Andhra Pradesh, India.

Listed cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported a P2.69 billion profit last year as sales of cement pick up amid the construction boom.

The recent gross domestic product (GDP) growth results and the robust projections for the Philippines for several years continue to bolster the Philippines’ reputation as one of the region’s economic tigers.

By Riza Lozada  Union Bank of the Philippines (UnionBank) sees the consumer market as a profit driver this year as a result of the steady growth in the economy. 

Former National Treasurer Roberto Tan was sworn into office as the new president of the Philippine Deposit Insurance Corp. (PDIC) by Finance Secretary Carlos Dominguez at the Department of Finance (DoF) office recently. 

The Asian Development Bank (ADB) reported approving $3.7 billion (P185 billion) in climate finance investments in 2016. 

By Riza Lozada  Corporate borrowings have surged last year to reflect the healthy state of the economy as private bonds registered with the Securities and Exchange Commission (SEC) surged 134 percent in 2016.

Union Bank of the Philippines (UnionBank) has earmarked P3 billion for capital expenditure (capex) to complete its digital transformation strategy, UnionBank President and Chief Operating Officer Erwin R. Bautista said. 

Bambang, Nueva Vizcaya – Chevron Philippines Inc. (CPI), distributor of the Caltex brand of fuels and lubricants, recently inaugurated its newest Caltex service station at the Nueva Vizcaya Agricultural Terminal – Agri-Pinoy Trading Center (NVAT-APTC) located along AH26, Bambang, Nueva Vizcaya. 

The local bourse operated by Philippine Stock Exchange Inc. (PSE) was recognized as the 2016 Best Stock Exchange in Southeast Asia at the Marquee Awards of the 10th Alpha Southeast Asia Deal & Solution Awards held in Sepang, Malaysia last Jan. 25.