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By Jenniffer B. Austria
First Philippine Infrastructure Inc., a unit of Metro Pacific Investments Corp., has signed an agreement with Philippine National Railways to explore investment opportunities in the railway business.
Global airline industry suffered $5-b losses in ’08
By Roderick T. dela Cruz
The airline industry carried the weight of the global economic recession in December, as both passenger and cargo volumes showed decline.
Manila Water, Cebu approve supply deal
Manila Water Co. Inc., the water utility firm of conglomerate Ayala Corp., is looking at a bulk water supply project in the province of Cebu.
Economy seen growing over 4% this year amid crisis
A leading Filipino economist yesterday said the country’s gross domestic product economy will manage to rise above 4.0 percent this year, despite the deterioration in financial markets that forced the International Monetary Fund to revise its global growth outlook to its lowest rate since World War II.
PLDT says ’09 income to increase on tax cuts
Philippine Long Distance Telephone Co., the nation’s biggest company by value, said its profit will rise this year, largely because of lower taxes.
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