MANILA — A poorly lit four-lane tunnel that crosses one of Metro Manila’s key thoroughfares has been illuminated using solar technology and a public-private partnership supported by the Asian Development Bank (ADB). The sub-standard lights of the Boni Tunnel, which intersects EDSA, were replaced with solar-powered light emitting diodes or LEDs.

MANILA — The local bourse along with the peso sustained losses Wednesday on account primarily of investors’ risk aversion.

MANILA — With its heightened campaign for the protection of the rights and welfare of consumers, the Department of Trade and Industry (DTI) has set up a “Mediation Week” to hasten the resolution of consumer complaints.

MANILA — FedEx Express recently received accolades for creating an excellent workplace for its employees and improving lives in the communities.

MANILA — Jollibee Foods Corporation (JFC) announced Wednesday its tie-up with a Singapore-based company as part of its expansion in that country.

MANILA — GMA Network Inc. on Wednesday reported a net income of P388 million in the first quarter, down from last year's P534 million.

MANILA — Imported motor vehicles posted a strong 31 percent increase in sales in the first four months of the year as sales hit 10,633 units from 8,119 units in the same period last year.

MANILA — The Asian Development Bank (ADB) has sold a total of US$ 339 million worth of Clean Energy Bonds to Japanese retail investors, which will be used to fund its renewable energy and energy efficiency projects in Asia and the Pacific.

MANILA — The Power Sector Assets and Liabilities Management (PSALM) Corp. Wednesday declared the bidding for Power Barge Nos. 101-104 a failure after only one of the seven qualified bidders submitted an offer for the assets.

The Philippine Deposit Insurance Corporation (PDIC) recently filed a syndicated estafa case against the former President and four former directors of the closed GMA Rural Bank (GMA RB) of Cavite for misappropriating, converting and diverting P748 million of the Bank’s funds through loan releases to various linked corporations. Also charged were five directors/officers of the borrowing corporations who are children of the President of GMA RB.

MANILA — Emperador Distillers Inc. (EDI) on Tuesday reported a net income of P1.03 billion in the first quarter, up 124 percent compared to the same period last year.

MANILA — President Benigno S. Aquino III received Tuesday Terumo Philippines Corp. president and representative of director Yutaro Shintaka, who called on him in Malacanang.

MANILA — Organizers of a global packaging conference to be held in the country in July are seeing the need for businesses, particularly in the packaging sector, to prepare in the light of growing Asian economies.

MANILA — The Court of Appeals (CA) has issued a freeze order against the bank accounts of an internet website allegedly used in illegally reproducing and distributing copyrighted works in violation of the law of the United States.

MANILA — The Power Sector Assets and Liabilities Management Corporation will bid out the diesel-fired Power Barge (PB) Nos. 101, 102, 103 and 104 on Wednesday after finalizing all necessary governmental requirements for the bidding.