Chinese businessmen flock to Duterte's Malacañang
Rappler - 2018-06-02
Duterte has also met with Clarence Chung and Lawrence Ho of Melco Crown (Philippines) Resorts Corporation and Hong Kong-based Melco Resorts and Entertainment, respectively, the companies behind City of Dreams in the Philippine Amusement and Gaming ...

PLDT begins validating employees for regularization
CNN Philippines - 2018-06-02
PLDT, however, clarified it is still seeking a review of the Department of Labor and Employment's (DOLE) order, as its appeal is pending in the Court of Appeals. In a statement released on May 2, PLDT said: "Certain aspects of the decision were ...

Double Dragon defers offering period of share sale worth P6b
Manila Standard Today - 2018-06-01
DoubleDragon Properties Inc. moved its planned share sale worth P6 billion to July this year. DoubleDragon, according to the latest timetable approved by the Philippine Stock Exchange, will conduct domestic and international roadshows from June 18 to 21 ...

Globe vows to speed up Philippine internet speeds
Manila Standard Today - 2018-06-01
Globe Telecom Inc. said it is committed to improve internet speeds and the overall quality of experience of internet services amid the better connections in the country. According to Speedtest Global Index Report by Ookla for April 2018, fixed broadband ...

Kiefer Ravena starts drive for drug awareness
philstar.com - 2018-06-01
Nikko Huelgas of triathlon and James de los Santos of karate in a meeting at the PLDT office in Makati the other day. Ravena, 24, tested positive for three banned substances in a urinalysis conducted by a WADA-accredited laboratory in Montreal. Two samples ...

Diesel, gasoline prices rolled back
philstar.com - 2018-06-01
MANILA, Philippines -- Phoenix Petroleum Philippines Inc. reduced diesel and gasoline prices yesterday to provide cheaper fuel options for motorists ahead of schedule. Meanwhile, prices of cooking gas and auto liquefied petroleum gas (LPG) were raised at ...

Stocks extend recovery despite lingering global woes
philstar.com - 2018-06-01
MANILA, Philippines -- The benchmark Philippine Stock Exchange index (PSEi) managed to recover yesterday despite lingering global uncertainties. The PSEi soared 133.09 points, or 1.77 percent, to finish at 7,630.26 while the broader All-Shares index ...

Power launch
thestandard.com.ph - 2018-06-01
Joining the President are Jera Co. Inc. chief power development officer Toshiro Kudama, Energy Secretary Alfonso Cusi, Secretary Bong Go of the Office of the Special Assistant to the President, Aboitiz Equity Adventures chief operating officer Sabin ...

Developers urged to go green
Sun Star - 2018-06-01
REAL estate developers in Cebu are encouraged to pursue green initiatives in their developments to propel their businesses forward. Raymond Rufino, chairman of the Urban Land Institute (ULI)-Philippines ... of Arthaland Corp., said the company remains ...

Almirante: Affidavit of retraction
Sun Star - 2018-06-01
RESPONDENT Teresita Fe A. Gregorio was the branch manager of petitioner Philippine National Bank (PNB), Sucat, Parañaque Branch. On May 4, 2004, PNB dismissed her from the service for gross misconduct and dishonesty after taking into consideration the ...

Miciano misses podium in Asian Universities Chess Championship
Rappler - 2018-06-01
But the 17-year-old got a consolation as his FEU juniors squad finished 3rd behind Gunadarma University and Shanghai University of Finance and Economics in the team event. It would have been a nice feather in Miciano's cap to get a bronze medal to mark his ...

Wild finish looms as Aussie leads
thestandard.com.ph - 2018-06-01
It also sent the battle for top $17,500 purse wide open the way it was in the kickoff leg of the second Philippine Golf Tour Asia at Luisita ... who tied for fifth in the PGTA Q-School but skipped the ICTSI Luisita Championship. After a mediocre 71 ...

Army trackster wins 2nd gold
thestandard.com.ph - 2018-06-01
Salaño shoots for a third gold in the 5,000-meters in the last day of the athletics showcase presented by Ayala Corp. and the City of Ilagan, with support from Milo, the Philippine Sports Commission, Foton, Cocolife, Rebisco and F2 Logistics.

Market rallies; BPI, Meralco climb
thestandard.com.ph - 2018-06-01
Gainers edged losers, 101 to 89, with 46 issues unchanged. Bank of the Philippine Islands, the third-biggest lender in terms of assets, climbed 4.2 percent to P99, while Manila Electric Co., the largest retailer of electricity, gained 3.7 percent to P334.80.

Factory activity best in five months
BusinessWorld - 2018-06-01
New business expansion picked up noticeably, encouraging factories to scale up production. Increased demand lifted purchasing activity which, in turn, boosted inventories," the report read. "Survey data showed further signs of improvement in client ...

Cavitex widening, Marina flyover sees early completion
BusinessWorld - 2018-06-01
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in ...

IGNITE 2018 creates local and global opportunities. Be a part of it!
BusinessMirror - 2018-06-01
It is a two-day conference that will feature world-class keynote speakers and business matching opportunities that will allow participants to collaborate with exciting innovators and established institutions. The international gathering of innovators will ...

PSA: Mining sector attracted most applicants between Jan. 2015 and June 2016
BusinessWorld - 2018-06-01
After that, there were no new ventures." Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank) was of a similar opinion:"The country is so rich of important minerals and resources. I think this surplus was from the time ...

Uy named vice-chairman of Ongpin-led Atok-Big Wedge mining firm
BusinessWorld - 2018-06-01
Recto as president. Also elected as independent director is former banker Lorenzo O. Tan, who previously served as president and CEO of Rizal Commercial Banking Corp. Paul Francis Juat, director of Brownfield Holdings Corp., North Kitanglad Agricultural ...

Basic Energy board approves preferred shares creation to raise funds
BusinessWorld - 2018-06-01
Several funding options had been cited such as, but not limited to, borrowings, corporate notes or bonds, additional issuance of common shares and issuance of preferred shares. The company said the last option requires amending its incorporation papers as ...

Nicaragua death toll hits 100 as Ortega vows to remain
Rappler - 2018-06-01
The protests were initially triggered by now-aborted reforms to the near-bankrupt social security system. But the unrest quickly ... according to the rights group. "Massacre! Shots are being fired against peaceful demonstrators," Managua's auxiliary ...

Bargain hunt lifts PSEi back past 7,600 mark
BusinessWorld - 2018-06-01
Ending Friday down on the same list were Bloomberry Resorts Corp.; International Container Terminal Services, Inc. and Security Bank Corp. whose prices shed 4.07% to P10.36 apiece, 1.36% to P83.35 and by 0.51% to P194 each, respectively. Trading volume ...

Ginebra San Miguel Q1 income nearly doubles
BusinessWorld - 2018-06-01
GINEBRA SAN Miguel, Inc. (GSMI) said higher sales volumes of its flagship brands had driven growth in its first-quarter net income, which nearly doubled to P255.47 million from P129.41 million in the same period last year. The hard liquor unit of San ...

LOOK: Philippine Airlines gets 1st aircraft under fleet renewal program
Rappler - 2018-06-01
MANILA, Philippines - Philippine Airlines (PAL) announced on Friday, June 1, it had received the delivery of its first A321neo aircraft in Hamburg, Germany - the first it ordered under its fleet renewal program and one of 21 such airliners it is ...

TOR for third telco to be published by DICT after addressing issues
TechnoChops - 2018-06-01
As far back as last year, the entry of a third telco expected to challenge the duopoly being maintained by Globe Telecom, Inc. and PLDT, Inc. has encroached upon the attention of many Filipinos. President Rodrigo Duterte wanted the third telco to already ...

Duterte inaugurates 420-megawatt Pagbilao power plant
philstar.com - 2018-05-31
The power plant was developed by Pagbilao Energy Corp. (PEC), a joint venture between TPEC Holdings Corp. and Therma ... in debt financing through the joint lead arrangers composed of BDO Capital and Investment Corp., BPI Capital Corp. and First Metro ...

Lambino: Cagayan Freeport will be a haven for blockchain developers, crypto exchanges
Philippine Information Agency - 2018-05-31
LR Data of the First Cagayan Leisure and Resorts Corp., IP Ventures and I-Wave will provide the technical requirements of the Fintech companies while Arthaland, a smart and green building in BGC, will serve as the Fintech laboratory. Lambino said he ...

Lambino: Cagayan Freeport will be a haven for blockchain developers, crypto exchanges
Philippine Information Agency - 2018-05-31
LR Data of the First Cagayan Leisure and Resorts Corp., IP Ventures and I-Wave will provide the technical requirements of the Fintech companies while Arthaland, a smart and green building in BGC, will serve as the Fintech laboratory. Lambino said he ...

Firms brave turbulent market to raise funds
BusinessWorld - 2018-05-31
Nickel miner Global Ferronickel Holdings, Inc. is also pushing through with its long-delayed P1-billion follow-on offer in the second quarter once the regulator finishes the review of its documentary filings. "We will push through with the follow-on ...

Cynthia Villar slammed over business interests anew
Rappler - 2018-05-31
Campaign for Land Use Policy NOW (CLUP NOW) accused Villar of using her chairmanship of the senate committees on agriculture and food, agrarian reform, and environment and natural resources, to favor Vista Land, which was owned by her family. The group ...

PAL seeks higher fuel surcharge
BusinessWorld - 2018-05-31
For the first quarter, PAL Holdings saw a net loss of P1.1 billion ... Mr. Bautista said the weakening of the Philippine peso is also taking its toll on the company, as every P1 depreciation against the US dollar leads to a $3-million loss every year.

Megaworld eyes P6.5-B sales from Bonifacio project
BusinessWorld - 2018-05-31
We are tapping on this new generation of accomplished individuals to live in this rising business district," Megaworld Senior Vice-President for Sales and Marketing Noli D. Hernandez said in a statement. Each unit is sized anywhere from 48.5 square ...

Japanese firms keen on Malolos-Tutuban railway
BusinessWorld - 2018-05-31
In a separate statement, DoTr said representatives from Sumitomo Mitsui Banking Corp., Megawide Construction Corp., and the joint venture of Bank of the Philippine Islands (BPI) and Mitsui Sumitomo Insurance Company, BPI/MS Insurance Corp., attended the ...

420-MW Pagbilao plant seen to boost electricity supply in Luzon
BusinessWorld - 2018-05-31
PAGBILAO, Quezon -- Aboitiz Power Corp. and TeaM Energy Corp. have formally launched on Thursday the 420-megawatt (MW) coal-fired power plant in Pagbilao, Quezon that is expected to boost electricity supply in Luzon. The facility, which costs $976 million ...

DMCI Mining sees flat nickel sales in Q1
BusinessWorld - 2018-05-31
DMCI Mining Corp. reported its nickel shipments stood at 156,000 wet metric tons (WMT) during the first quarter, flat compared to the same period a year ago. In a statement, the Consunji-led miner said the average selling price per metric ton of nickel was ...

PAL may incur $143-million more expenses due to higher jet-fuel prices, weak peso
BusinessMirror - 2018-05-31
Jaime J. Bautista, who sits as president at PAL Holdings Inc., said his group may incur an additional expense of over $143 million (P7.522 billion) for 2018 due to a 17-percent increase in fuel only during the January to April period. "For 2018 ...

IPG global media arm topped agency ranking
BusinessMirror - 2018-05-31
IPG Mediabrands agency UM Philippines has enjoyed a standout year winning 10 major client pitches, including Coca-Cola, Del Monte, Union Bank, Megaworld (Digital) and Fine Hygienics Digital. Initiative Philippines was launched in mid-2017 and has already ...

Del Monte PHL edges DM Wenceslao to list first IPO for 2018
BusinessMirror - 2018-05-31
DEL Monte Pacific Ltd., the fruit canner led by the Campos family, on Thursday secured approval from the Philippine Stock Exchange for the listing of its Philippine unit. The P17.55-billion listing of the Del Monte Philippines Inc., targeted on June 25 ...

Priceless Shot | Is this cat looking for a mouse?
newsbytes.ph - 2018-05-31
Earlier in May, Miel Ondevilla, who teaches Literature at the Far Eastern University (FEU), chanced upon a very interesting sight when he was passing through the Raon area in Quiapo. "It was a heap of garbage placed on the sidewalk in anticipation of the ...

Ginebra to double income this year as gin recovers
BusinessMirror - 2018-05-31
Aside from Ginebra, the food and beverage group will consist of food group San Miguel Pure Foods Inc. and beer brewer San Miguel Brewery Inc. "When your stock is good, you should not worry about market conditions. San Miguel Food and Beverage is a very ...

Pagbilao Energy to supply Luzon 420MW more
BusinessMirror - 2018-05-31
Philippine Savings Bank also participates as a lender to the project. The advisers for the Pagbilao Unit 3 project include URS Energy and Construction Inc. for technical; ING Bank NV Singapore Branch for financing; Latham & Watkins Llp. and Puno & Puno Law ...

Stocks snap losing streak on MSCI, easing tensions
BusinessWorld - 2018-05-31
Ayala Land, Inc. shed 1% to P39.80 each, while Aboitiz Equity Ventures, Inc. slipped 2.78% to P57.80 each. Advancers narrowly beat decliners, 102 to 101, while 41 issues were unchanged.

Volkswagen unveils five new models
BusinessMirror - 2018-05-31
In Photo: Shanghai Volkswagen First Vice President David Powels (from left), Ayala Corp. President and COO Fernando Zobel de Ayala, Volkswagen Philippines President and CEO Arthur Tan, and Volkswagen Philippines Chief Operating Advisor Klaus Schadewald ...

Petron sponsors upcoming FIA Sport Conference 2018
BusinessMirror - 2018-05-31
Hosted by the Automobile Association Philippines (AAP) and supported by the Department of Tourism (DOT), other official partners for the momentous event are San Miguel Corp., Petron and BMW Philippines. "It is with great joy for the Automobile ...

PSEi rebounds after three-day decline
BusinessWorld - 2018-05-31
Index heavyweight SM Prime Holdings, Inc. was the most actively traded issue of the day, although its price ended flat at P37 each. Ayala Land, Inc. shed 1% to P39.80 each, while Aboitiz Equity Ventures, Inc. slipped 2.78% to P57.80 each. Advancers ...

Delaware Board of Trade Holdings, Inc. Announces New Advisory Board
StreetInsider - 2018-05-31
DBOT Holdings Inc is delighted to announce the ... Prior to Transform, he was CEO of Equities.com, the world's largest middle-market and emerging growth company content publisher. Enzo was Managing Director for the NASDAQ stock exchange, where he co ...

Bracing for grueling race
BusinessMirror - 2018-05-31
"The last three years, we saw our Century Tuna Ironman 70.3 races sold to almost full capacity, proving that the Philippine triathlon community has grown and progressed," said Greg Banzon, vice president and general manager of Century Pacific Food Inc ...

BSP projects even higher prices in May
CNN Philippines - 2018-05-31
Metro Manila (CNN Philippines, May 31) -- Prices of basic goods and services may have risen even higher in May, the Bangko Sentral ng Pilipinas (BSP) said Thursday, ahead of actual inflation figures coming out next week. The BSP projects inflation ...

How DepEd, gov't agencies are preparing for school opening
Rappler - 2018-05-31
Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) PAGASA Weather Services Chief Esperanza Cayanan said the weathe forecast on the opening day of classes was partly cloudy in the morning, while afternoon to evening would ...

UnionBank initiates blockchain technology with 5 rural banks in Mindanao
TechnoChops - 2018-05-31
The Union Bank of the Philippines (UnionBank) will be doing the pilot run with the United States-based software company ConsenSy. According to Dr. Justo Ortiz, Chairman of UnionBank, this initiative called the i2i project, is being done with the end in ...