President Ferdinand R. Marcos, Jr. (left) and Transportation Secretary Jaime J. Bautista led the groundbreaking ceremony for the Ortigas and Shaw Boulevard stations of the Metro Manila Subway Project Phase 1, Oct. 3. — COURTESY OF THE DEPARTMENT OF TRANSPORTATIONTHE GOVERNMENT on Monday broke ground for the Ortigas and Shaw Boulevard stations and tunnels of the Japan-funded Metro Manila Subway ...

THE Energy department has approved the sale of the 45% stake of Shell Philippines Exploration B.V. (SPEx) in the Malampaya deepwater project to a subsidiary of Razon-led Prime Infrastructure Capital, Inc.In a press release on Monday, the Department of Energy (DoE) said Prime Infra was found to be technically, financially, and legally qualified as an operator of the Malampaya gas-to-power ...

GLOBAL Ferronickel Holdings, Inc. has acquired a 20% stake in Guangdong Century Tsingshan Nickel Industry Co., Ltd. (GCTN), it disclosed on Monday.“The acquisition is expected to create reliable and consistent synergies between FNI (the company’s stock symbol) as a nickel ore supplier and GCTN as a value-added processor, and support our ongoing diversification projects to boost profitability,” Global Ferronickel President ...

THE PLDT group on Monday said it recently received P57.7 billion from the sale of 4,435 telecom towers.“As of Oct. 3, ownership of a total of 4,435 towers or 75% of the 5,907 towers covered by the sale and leaseback transaction had been transferred to the tower companies,” PLDT, Inc. said in a disclosure to the stock exchange.“Proceeds from the ...

CEMEX Holdings Philippines, Inc. said one of its subsidiaries has temporarily suspended terminal operations due to surging operational costs and the entry of Vietnamese cement imports.In a statement on Monday, Cemex said APO Cement Corp. has temporarily stopped the operations of its Davao cement terminal, which has a daily dispatching capacity of 25,000 bags.“Our operational costs in maintaining the Davao ...

GLOBE Telecom, Inc. on Monday said it expects its $150-million domestic submarine cable project, which now covers eight provinces, to be completed by April next year.“The Philippine Domestic Submarine Cable Network is the longest domestic subsea cable project in the Philippines,” Globe said in an e-mailed statement.The project, which started in July, “has landed in Lucena City, Boac in Marinduque, ...

1 of 2AVIDA LAND Corp. aims to attract young, value-conscious yet discerning Filipino millennials and families with its latest projects in Taft Avenue and Roxas Boulevard.The mid-range residential brand of property giant Ayala Land, Inc. (ALI) said that its hopes are high for Centralis Towers, a one-tower high-rise development located on a 3,380 square meter (sq.m.) lot on Taft Avenue, ...

NICKEL ASIA Corp. has bought 33.05 million common shares of Coral Bay Nickel Corp. (CBNC) for $25.93 million, it said on Monday.“This investment by the company was made in furtherance of its commitments toward sustainability, environmental protection and renewable energy, since the processing of lateritic nickel ores by the CBNC plant allows the utilization of cobalt and nickel derived from ...

1 of 3PROFESSIONAL dancer Madge Reyes had just come home from New York — where she had an artist fellowship grant in dance with the Asian Cultural Council — when the world shut down in March 2020 due to the COVID-19 pandemic. Being on the dance floor and feeling the energy of the audience was postponed indefinitely.But it was also ...

BW FILE PHOTOTHE Department of Justice (DoJ) has resolved to indict Japanese billionaire Kazuo Okada, Antonio O. Cojuangco, and other members of their camp for grave coercion over the alleged “forceful takeover” of casino-resort Okada Manila.In a 25-page resolution dated Aug. 25 and marked as received by the DoJ prosecution staff on Oct. 3, the agency also dismissed for lack ...