Asia’s largest manganese ore discovered in SW China

GUIYANG — A reserve of 203 million tons of manganese ore, the largest in Asia, has been discovered in southwest China’s Guizhou Province, local authorities said Saturday. Pujue manganese ore lies in the mountains of Songtao Miao Autonomous County in Tongren City and was discovered by Guizhou provincial geology and mineral exploration bureau, the county … Read More

3 Japanese firms eye PHP14.5-B investments in PHL

MANILA — Three Japanese companies are looking to invest some PHP14.5 billion in the Philippines, Department of Trade and Industry (DTI) Secretary Ramon Lopez said Thursday. Lopez told reporters that Japanese shipbuilding company Tsuneishi is eyeing a PHP5-billion ship recycling facility that will use the latest internationally accredited green technology. The investment is expected to … Read More

Duterte hails locally-made Mirage as major step towards making PHL regional car manufacturing hub

MANILA — President Rodrigo Duterte on Monday hailed the rolling off of the first of the Mirage cars from Mitsubishi Motors Philippines Corporation (MMPC) that is locally manufactured under the government’s Comprehensive Automotive Resurgence Strategy (CARS) program as a major step towards making the Philippines a more attractive location for vehicle manufacturing. In his speech … Read More

BPI eyes RRR cut this week

MANILA — Ayala-led Bank of the Philippine Island (BPI) forecasts a cut in the Bangko Sentral ng Pilipinas’ (BSP) reserve requirement ratio (RRR) during the rate-setting meeting of its policy-making Monetary Board (MB) on Thursday. In a research note, the bank said the BSP may now opt to cut the RRR since it has been … Read More

San Miguel fully acquires Australian packaging firm

MANILA — Diversified conglomerate San Miguel Corp. (SMC) has fully acquired Australian packaging firm, Portavin Holdings Pty. Ltd. (Portavin), in a bid to expand its packaging business in the Philippines and abroad. SMC told the local bourse the acquisition was made through its international packaging business, San Miguel Yamamura Packaging International Ltd. (SMYPIL). Located in … Read More

PAL to expand Clark-Japan flights by 2017

CLARK, Pampanga — The Philippine Airline announced on Friday to expand their operations at Clark by 2017, eyeing Japan route. This was gleaned during the launch of the inaugural flight of Philippine Airlines’ daily Clark-Caticlan flights at the Clark International Airport in Pampanga on Friday. PAL officials said the nation’s flag carrier would further expand … Read More