PH shares close higher, flirt with 8,100 level
Inquirer - 3 weeks ago
Retailer Puregold also gained 2.45 percent, while BDO, ICTSI, BPI, Globe, GT Capital and RRHI all gained over 1 percent. One notable gainer outside the PSEi was Premier Horizon, which surged by 29 ...

COL: Growth risks to stall stock market run at 8,600
Inquirer - 3 weeks ago
Leading online stock broker COL Financial is "cautiously optimistic" on the local stock market this year, saying there is room for the main barometer to rise but gains may be capped at the ...

Jolo bombing a big slap on peacekeeping efforts in Mindanao
Philippine Daily Inquirer - 3 weeks ago
At last, the Department of the Interior and Local Government (DILG) and 5,700 Metro Manila barangays will begin cleaning Manila Bay every week. The Department of Environment and Natural Resources ...

MPTC earmarks P45-billion capex for this year
BusinessWorld - 3 weeks ago
MPTC is the tollways unit of Metro Pacific Investments Corp., one of the three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund ...

Panasonic PHL sees slowdown in 2019 sales
BusinessWorld - 3 weeks ago
It attributed this growth to the 114% and 128% rise in sales of consumer and business-to-business products, respectively. However, PMPC reported its net income dropped 51% to P73.74 million due to a 3.5% rise in cost of sales ratio, lower sales and ...

Growing logistics sector provides opportunities for property firms
BusinessWorld - 3 weeks ago
DoubleDragon Properties Corp. Chief Investment Officer Hannah Yulo noted there is no major player in the industrial warehouse sector, which is why DoubleDragon is planning to build a chain of industrial complexes around the country. "Cold storage ...

CTA affirms cancellation of P1.8-B tax assessment vs Cebu Air
BusinessWorld - 3 weeks ago
THE Court of Tax Appeals (CTA) upheld an earlier decision cancelling the P1.8-billion tax assessment against Cebu Air, Inc. over improperly accumulated earnings tax for 2010. In a resolution dated Jan. 23, the CTA Special Second Division affirmed its Sept.

Megaworld to sell office spaces in Cavite township
BusinessWorld - 3 weeks ago
MEGAWORLD Corp. expects to generate P1.5 billion from the sale of office spaces at a building within its Maple Grove township in General Trias, Cavite. In a statement on Monday, the listed property developer said it is selling 93 office units at the 17 ...

Holcim Philippines soars as cement giant is said to weigh sale
BusinessWorld - 3 weeks ago
Aboitiz Equity Ventures, Inc., a conglomerate whose businesses include building materials, jumped as much as 5.5 percent while Eagle Cement Corp. rose as much as 1.9 percent. A sale by LafargeHolcim could lead to higher valuations for cement companies in ...

Meralco to source additional power ahead of Malampaya shutdown
BusinessMirror - 3 weeks ago
THE Manila Electric Co. (Meralco) may have to source additional power in time for the scheduled maintenance shutdown of the Malampaya gas facility in October this year. "We may have to look if ...

PHL stock index seen to end year at 8,600 level
BusinessWorld - 3 weeks ago
Photo taken on Feb. 19, 2018. -- PHOTO BY SANTIAGO JOSE J. ARNAIZ LOCAL BROKERAGE firm COL Financial Group, Inc. is "cautiously optimistic" that the Philippine Stock Exchange index (PSEi) would end the year at the 8,600 level, as it expects inflation ...

MWSS exec lauds P1.7-billion Jica-funded water reclamation facility
BusinessMirror - 3 weeks ago
Velasco recently led the inauguration of a P1.7-billion Jica-funded ParaƱaque Water ... end up in Manila Bay," Olivarez said. Meanwhile, Maynilad recently announced the company would invest ...

COL: Stock market index rise may be capped at 8,600 by year-end
BusinessMirror - 3 weeks ago
In file photo, a man exits the Philippines Stock Exchange in Manila, Philippines. (Taylor Weidman / Bloomberg) BROKERAGE firm COL Financial Inc. on Monday said the rise of the benchmark Philippine ...

Globe calls for reforms to speed up building of cell sites
Inquirer - 3 weeks ago
Globe and rival PLDT Inc. have been on the receiving end of complaints about poor service quality. The telcos said this was partly due to the lack of cell sites and bottlenecks in the permitting ...

Pope says priest celibacy not 'optional'
Rappler - 3 weeks ago
Celibacy was imposed in the 11th century, possibly partly to prevent descendants of priests inheriting church property. Some within the church believe it is time to join many eastern rite Catholic Churches in permitting married men to take the cloth.

Ex-RCBC manager Maia Deguito asks Makati court to reverse conviction
Rappler - 3 weeks ago
MANILA, Philippines - Former Rizal Commercial Banking Corporation (RCBC) branch manager Maia Deguito asked Makati City Regional Trial Court (RTC) Branch 149 to reverse its earlier decision convicting her of money laundering over the 2016 Bangladesh Bank ...

Holcim Philippines to be put on auction block?
Inquirer - 3 weeks ago
MANILA, Philippines - A new round of consolidation looms in the local cement industry as the biggest player in town, Holcim Philippines, may be put on the auction block as part of the ...

Holcim Philippines to be put on auction block?
Inquirer - 3 weeks ago
MANILA, Philippines - A new round of consolidation looms in the local cement industry as the biggest player in town, Holcim Philippines, may be put on the auction block as part of the ...

Megaworld selling P1.5B Cavite office units
Inquirer - 3 weeks ago
MANILA, Philippines - Tycoon Andrew Tan-led property developer Megaworld Corp. seeks to diversify its revenue stream by selling about P1.5 billion worth of office property inventory at its ...

Globe seeks tighter public-private link-up to hasten rollout of cell towers
newsbytes.ph - 3 weeks ago
The telco said it is crucial that the lack of ICT infrastructure be addressed to ensure efficiency in delivering digital services to the public. "Globe Telecom calls for heightened collaboration ...

Bank manager in $81 M laundering case appeals court ruling
Philippine Daily Inquirer - 3 weeks ago
MANILA, Philippines - Former Rizal Commercial Banking Corporation (RCBC) branch manager Maia Santos-Deguito has asked the Makati City Regional Trial Court to reverse its decision convicting her ...

Oil firms to hike prices for 4th straight time on January 29
Rappler - 3 weeks ago
Shell, PTT Philippines, Total, Unioil, and Petro Gazz will jack up diesel prices by P0.55 per liter and gasoline by P0.20 per liter. Companies which carry kerosene will also increase its price by P0.40 per liter. This is the 4th straight time that oil ...

Golden girls to be honored as PSA Athletes of the Year
Rappler - 3 weeks ago
In 2009, pool champion Rubilen Amit, long-jump queen Marestella Torres and the poomsae team of Rani Ann Ortega, Camille Alarilla, and Janice Lagman were also feted with the same award by the country's oldest media ... ICTSI and SM Prime Holdings.

LBC expands global reach through partnership with Xpress Money
Inquirer - 3 weeks ago
The growing demand for seamless and instant transfer services is what pushed LBC Express to partner with Xpress Money, one of the most dependable money transfer companies in the world. This ...

Honoring a father
BusinessWorld - 3 weeks ago
logistics firm 2GO Group, and dormitory operator MyTown. Mr. Sy, with his wife Felicidad Tan-Sy, also established the SM Foundation, Inc., a charitable institution focused on social inclusion by nurturing and caring for underserved communities where SM is ...

A partner for sustainable development
BusinessWorld - 3 weeks ago
The conglomerate is invested in businesses that are dominant in their respective industries -- SM Retail, Inc. in retail, SM Prime Holdings, Inc. in property, and BDO Unibank, Inc. and China Banking Corp. in finance. It ended 2017 on a great note ...

Pope strongly condemns Jolo church attack
Philippine Daily Inquirer - 3 weeks ago
PANAMA CITY (UPDATE)-Pope Francis has expressed "firmest reproach" for the twin bombings inside a Catholic cathedral on Jolo island that killed at least 20 people, and is calling for those ...

3 restos face closure for polluting Manila Bay
Philippine Daily Inquirer - 3 weeks ago
At least 5,000 people joined the "solidarity walk" at Quirino Grandstand, mostly from the 13 agencies ordered by the continuing mandamus issued by the Supreme Court in 2008 to clean and ...

PSA Awards to fete lady stars as 2018 top athletes
philstar.com - 3 weeks ago
Other awards will also be handed out during the event also backed by Mighty Sports, Philippine Basketball Association, Rain or Shine, Northport, ICTSI, and SM Prime Holdings. To be recognized are the National Sports Association of the Year, Executive of ...

MWC steps up expansion efforts
Inquirer - 3 weeks ago
The company is also doing business in Bulacan, Pampanga, Aklan, Cebu, Davao del Norte and Zamboanga City.

PNB to raise P100B via bond market
Inquirer - 3 weeks ago
Tycoon Lucio Tan-led Philippine National Bank (PNB) has set up a P100-billion bond program to boost its capability to lend to the productive sectors of the economy. Under the leadership of new pre ...

Thai champ back in hunt
BusinessMirror - 3 weeks ago
Splendido Ladies Classic beginning on Tuesday at Splendido Taal Golf Club in Laurel, Batangas. Also in the hunt are Thais Punpaka Phuntumabamrung, Chonlada Chayanun and Ornnicha Konsunthea ...

Protest brewing vs proposed SMC projects in Quezon
BusinessMirror - 3 weeks ago
LUCENA CITY--A protest rally is brewing against the Sangguniang Panlalawigan (SP) resolution approving several development projects of San Miguel Corp. (SMC ... them to power," the letter ...

Gig time
BusinessMirror - 3 weeks ago
In the Philippine Airlines (PAL), an all female group of millennials has organized a gig every Thursday lunch. This gig, however, was conceptualized not to generate material wealth, as in extra ...

Ayala Education CEO wants to bolster critical thinking among Pinoy students
BusinessMirror - 3 weeks ago
CRITICAL thinking is the way to counter the so-called artificial- intelligence (AI) tsunami, an executive of a leading educational services provider said. Although computers and AI can work faster ...

Trust is not an issue. It is the issue.
BusinessMirror - 3 weeks ago
Bong R. Osorio is a communications consultant of ABS-CBN Corp., SkyCable, Dentsu Aegis Network and government projects among others, after retiring as vice president and head of the Corporate ...

The main trends in the world today
BusinessWorld - 3 weeks ago
the US International Finance Development Corporation, which will give financial support to US private companies doing business in developing countries. The intent is to provide countries like the Philippines an alternative to China financing under the ...

3 restaurants found polluting Manila Bay, water cut off
Rappler - 3 weeks ago
Moreover, the LLDA said Pasay City is within its jurisdiction. Meanwhile, the LLDA also issued notices of violation against several establishments of SM Prime Holdings, Sea Residences, Lolo Taba and Lola Pato restaurant, and Aliw Inn. The agency said it ...

Fuel prices to go up anew this week
philstar.com - 3 weeks ago
In its advisory, Unioil Philippines said it expects another round of increase in fuel prices by P0.50 to P0.60 per liter for diesel and by P0.20 per liter for gasoline. This will be the fourth consecutive week of higher oil prices and the fourth for the year.

Fulfilling dreams and sharing realities at Dreamanila
BusinessMirror - 3 weeks ago
Director Juan Pablo Pineda III, an alumnus of Far Eastern University and the FEU Film Society, is grateful to the festival organizers and judges and his production team Indie-Go Pictures for ...

Bulacan student entry tops MMFF short film tilt
BusinessMirror - 3 weeks ago
"Kasilyas" by Leslie Ann Ramirez from Bulacan State University ... Reyes from De La Salle-College of Saint Benilde, "Dalawampung Pisong Pag-asa" by Pauleen Valdez from St. Dominic College ...

Pepito twins make semifinals
Sun Star - 3 weeks ago
He was a two-time Cebu Schools Athletic Association Inc. (Cesafi) and Private Schools Athletic Association (Prisaa) Nationals champion when he played for the Southwestern University (SWU-Phinma). Rommel has the better experience in beach volleyball between ...

PH shares dip as investors digest GDP data
Inquirer - 3 weeks ago
Other actively traded companies were PLDT Inc., up 3.27 percent to P1,328; SM Prime Holdings, up 0.50 percent to P39.90, Universal Robina Corp., down 0.13 percent to P149.30; International ...

Old meets new in Iloilo City
Inquirer - 3 weeks ago
Built of local yellow-orange sandstone ... Built in 1840, it was originally a one-storey stone building where the government offices were located. Gov. Enrique Fajardo finished construction ...

State-owned China railway firm eyes more deals in the Philippines
philstar.com - 3 weeks ago
"We have been there (Philippines) many, many years and we have been discussing ... "This only shows that it is not only the financial side that they are interested in, but also the overall development of the city. So there is a strong bond between ...

German firms remain keen on PHL market
BusinessMirror - 3 weeks ago
Henkelmann said German companies are keen on investing, particularly in the sectors of business-process outsourcing (BPO), infrastructure and energy, as well as bringing in high-end machinery and ...

Foreign workers in Japan double in 5 years, hitting record
Nikkei Asian Review - 3 weeks ago
The Philippines followed with around 160,000 ... Meanwhile, Mitsubishi Motors, Panasonic and two other companies were forced to cancel so-called technical trainee internships on Friday.

Trump's former plan to build a tower in Moscow has come under fire. Here are all the Trump Towers that have actually been built.
Business Insider - 3 weeks ago
A spokesman for the developer, Century Properties, told The Washington Post that the materials were old and had since been discontinued. The tower's branding also plays off Trump's public persona, with apartment units carrying themes like "Park Avenue ...

Metro Manila among the worst prepared cities says new index
BusinessWorld - 3 weeks ago
Specifically for Metro Manila, the company noted that it has a healthy supply of new buildings associated with the infrastructure programs being implemented by the administration, together with laws to attract more foreign investments in the country.

AC Energy raises $225M in green bonds
BusinessWorld - 3 weeks ago
THE ENERGY UNIT of Ayala Corp. (AC) raised $225 million worth of green bonds on Wednesday, which marks a first for the company as it looks to finance its renewable energy projects in the Asia-Pacific region. In a disclosure to the stock exchange on Friday ...