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The Philippines, aiming to cut its reliance on imported crude, will import ethanol mostly from Brazil, a government official said.
Globe set to sell notes worth P5b
By Eileen A. Mencias
Globe Telecom Inc., the telecom unit of Ayala Corp., plans to issue P3 billion to P5 billion in five-year notes this month, banking sources said.
Aboitiz Power raising P4b from local credit market
Aboitiz Power Corp. plans to raise P4 billion from the domestic market and has tapped Banco de Oro Unibank Inc., Bank of the Philippine Islands, First Metro Investment Corp. and ING NV Manila to handle the transaction.
Cagayan Freeport creates close to 6,000 jobs
Thousands of Filipinos have found jobs at the Cagayan Special Economic Zone and Freeport, as the new economic hub in northeast Luzon continued to draw fresh investments and international tourists.
Jaworski inherits PEA; family feud stymies 3D
By Ray S. Eñano
Local basketball legend and former senator Robert “Bobby” Salazar Jaworski is facing a new challenge away from the hard court. Jaworski has assumed the chairmanship of Philippine Reclamation Authority since Jan. 1 this year, replacing his father-in-law, former senator Ramon Revilla Sr., who suffered a stroke last year.
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