Companies

By Riza Lozada Traders expect the stock index to test the 9,400 level this year as a result of a positive economic outlook which will fuel corporate earnings, First Metro Investment Corp. (FMIC), the investment banking arm of the Metrobank Group, said.

Telecoms and digital services provider Philippine Long Distance Telecommunications (PLDT) and its mobile unit Smart Communications have signed a $28.5 million partnership with Chinese Huawei Technologies to improve the delivery of wireless services to its customers.

The Villar group of companies is allotting P175 billion in capital expenditures for the next three years, as it continues to grow its various businesses on the back of a strong economy.

Close to 100,000 Aklanons in three municipalities now have access to better health services as a result of a corporate citizenship initiative of the country’s largest bank.

By Riza Lozada Cement manufacturers were urged to take the initiative in going green and undertaking sustainable operations.

Motukea-impacted landowner community groups in Papua New Guinea (PNG) have signed a landmark agreement with International Container Terminal Services, Inc. (ICTSI), through its subsidiary, to establish a collaborative framework needed for the joint port project to move forward.

Universal bank Union Bank’s EON project has garnered recognition from numerous international award-giving bodies.

Five consortia were shortlisted as contractor for the P12.5 billion expansion project of the Clark International Airport which is being developed as an alternative gateway to the Ninoy Aquino International Airport (NAIA).

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest trade group, fears that the Senate’s version of the Tax Reform for Acceleration and Inclusion (TRAIN) bill would drag instead of improving competitiveness of local businesses.

After eight years of shared commitment and solid partnership, Philippine Seven Corp (PSC), the exclusive licensor of global convenience store chain giant 7-Eleven, and Chevron Philippines Inc. (CPI), the marketer of the Caltex fuel brand, marked opening of the 100th 7-Eleven-Caltex store at the Aseana Square along Macapagal Avenue in Pasay City.