GT Capital Holdings Inc.’s (GTCAP) property development arm, Federal Land Inc., has entered into a joint venture agreement with Alveo Land Corp., a fully owned subsidiary of Ayala Land Inc., for the development of a 45-hectare property along Laguna Boulevard in Biñan, Laguna province.
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May, 2015
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4 May
Banks widen exposure to small, medium firms
By Jerry Maglunog As the market for micro, small and medium enterprises (MSMEs) remains so big at about 92 percent, more banks have pledged to increase their exposure to MSMEs as an admission that the sector is too huge to ignore.
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4 May
Sokor factory output weakened in March
Seoul—South Korea’s industrial activity weakened in March after growing the previous month on the back of reductions in production, investment and consumption, boosting concerns about economic slump, a government report showed.
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4 May
Taiwan grows at lower than expected 3.5%
Taipei—Taiwan’s nominal gross domestic product expanded year-on-year in the first quarter of 2015 by 3.46 percent, slightly lower than the official projection made in February, the island’s statistics agency said.
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4 May
Newest member of British royalty makes 1st appearance
London—The newborn royal baby girl made her first appearance to the public with the Duke of Cambridge and the Duchess outside St. Mary’s Hospital on Saturday evening. The baby, born at 8:34 a.m. (local time) was presented by her parents to the world at around 6:10 p.m.
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4 May
Nepal earthquake death toll now over 7,000
Kathmandu—Despite unrelenting efforts by rescuers to dig the rubble at various sites in Nepal, chances of finding survivors are getting small since a week has passed after the powerful magnitude-7.9 earthquake. At least 7,000 people have been confirmed dead in the disaster, with the number of injured exceeding 14,000. Over 600,000 buildings have collapsed nationwide and several heritage sites damaged …
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4 May
Sinag Pilipinas sweeps Seaba, books Fiba slot
The Philippine national men’s basketball team composed mostly of cadet players from collegiate basketball thrashed host Singapore, 82-56, to complete its dominant run that gave it the 2015 Seaba Championship gold medal at OCBC Arena. It was the seventh Seaba title for the Philippines, which stamped its class anew as the the top basketball team in the region.
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4 May
700 Cordillera athletes ready for national games
Baguio City—More than 700 athletes from the Cordillera Administrative Region will be able to compete fairly against other athletes in the country in the week-long 58th Palarong Pambansa (National Games) 2015 in Tagum City, Davao del Norte, starting on May 4. The Cordillera athletes are now better equipped after receiving donations from good Samaritans and are ready to compete with …
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4 May
Honda launches 7-seater Mobilio in local market
By Kris M. Crismundo / Philippines News Agency Honda Cars Philippines Inc. (HCPI) has launched in the country its first seven-seater multipurpose utility vehicle (MUV): the all-new Honda Mobilio. With the introduction of the Mobilio in the Philippines, the Japanese carmaker aims to tap a wider market.
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4 May
Film-festival winners, Jet Li starrer among Asia on Screen 2015 gems
Thirteen independent films from across Asia, including the top winners at various international film festivals and a Chinese film featuring a popular action star in an unusual role, will be screened at the Shangri-La Plaza mall this week as part of Asia on Screen 2015. The second edition of this premiere Asian film festival, to be held at the Shang …
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The Market Monitor Minding the Nation's Business