Does the Philippines have limited options on the South China Sea issue?
philstar.com - 2018-05-23
While the arbitral award gave the Philippines legal victory, the ruling also had security implications such as the protection of Filipino fishermen in Scarborough Shoal, securing the country's gas and oil exploration projects in Reed Bank and ensuring the ...

Petron tossers open bid with a bang
Manila Standard Today - 2018-05-23
Powerhouse Petron XCS kicked off its title-retention campaign on a sizzling note as it torched Generika-Ayala A, 19-21, 21-14, 15-8, in the opening salvo of the Philippine Superliga (PSL) Beach Volleyball Challenge Cup yesterday at the Sands By the Bay in ...

Faster spending growth widens 4-month deficit
BusinessWorld - 2018-05-23
Ricafort, economist at Rizal Commercial Banking Corp., said ... income tax, estate and donors taxes, while stripping away some value-added tax incentives. Guian Angelo S. Dumalagan, market economist at the Land Bank of the Philippines, meanwhile said ...

Seeking a better Customs bureau
thestandard.com.ph - 2018-05-23
As a result of investigations, charges were filed against the owners, officials, and brokers of the involved corporations, including the officials of Asian Terminals Inc., which released the containers. As reported by the BoC, these people "connived to ...

Ayala enters Australian renewables market
BusinessWorld - 2018-05-23
AC ENERGY Holdings, Inc. is making its foray into Australia, as it announced on Wednesday its acquisition of a 50% stake in the Australian business of UPC Renewables. "AC Energy is very excited to invest into UPC Renewables Australia as it complements AC ...

DOE, oil firms meet on measures to cushion petrol prices
BusinessMirror - 2018-05-23
At present, PUVs avail of a P1.00/liter discount under an existing MOA between the DOE and only three oil firms-PETRON Corporation, Pilipinas Shel and Phoenix Petroleum. Also, the DOE is closely coordinating with the Department of finance to discuss new ...

Sun Life subsidiary recognized as best in asset management
BusinessMirror - 2018-05-23
"We are proud to receive this prestigious recognition. We believe this is a testament of the trust our clients and the industry have in us, and we will continue to conduct our business to the highest of standards," said Valerie N. Pama (right ...

Why investing in this earthquake-free paradise matters
BusinessMirror - 2018-05-23
Amurao cited for example Imperial Palace Hotel, a 9-hectare hotel and resort ... value species of groupers," Roberto Abrera of the Regional Fisheries and Aquatic Resources said. The proposed sites are located in barangays Santa Lucia and Binduyan.

Sensex sheds 306 points, Nifty ends below 10,500 on weaker rupee
Domain-b - 2018-05-23
PSU bank NPAs soar to over Rs 6 lakh cr for Q4. Time to press the panic button ... Bayer Cropscience, Astral Poly, GE T&D India, Finolex Industries, Johnson Control Hitachi, Jain irrigation, PNC Infratech, Omaxe, Repco Home, Rupa, Shipping Corporation ...

Interest-rate outlook compels investor shift to bonds
BusinessMirror - 2018-05-23
BPI Asset Management and Trust Corp., a fully owned subsidiary of the Bank of the Philippine Islands, is firm on its long-term bullish outlook of the global equities market as global economic growth continues. As manager of the largest funds in the country ...

Balasabas, 3 others share lead
thestandard.com.ph - 2018-05-23
Jobim Carlos and Joenard Rates at the start of the rich ICTSI Villamor Philippine Masters at the Villamor Golf Club yesterday. Bracing for a long, arduous day after a bogey on No. 2 of the tight, tree-lined layout, Balasabas, who placed eighth here last ...

AC Energy expands RE portfolio to Australia
BusinessMirror - 2018-05-23
AC Energy Holdings Inc., the power arm of Ayala Corp., is expanding its renewable-energy (RE) portfolio overseas by investing $30 million for a 50-percent interest in UPC Renewables Australia. "AC Energy is very excited to invest into UPC Renewables ...

NEA to address power interruption in Catanduanes
BusinessMirror - 2018-05-23
SP Resolution 418-2017 rules the lease and sublease agreements between the National Power Corp. (Napocor) and Ficelco; and Ficelco and Catanduanes Power Generation Inc. expired on October 17, 2017. The contracts were no longer extended. The Napocor assured ...

Revenue of DMCI Power, construction arm rose in Q1
BusinessMirror - 2018-05-23
OFF-GRID energy player DMCI Power Corp. posted double-digit sales growth of 17 percent in the first quarter of 2018, while construction firm DM Consunji Inc. saw its revenues rise by 11 percent on higher orders. DMCI Power said its volume reached 63 ...

Masbate now coal-free
BusinessMirror - 2018-05-23
In 2008 the office of the Sangguniang Panlungsod of Masbate City strongly objected to the establishment of the DMCI Masbate coal-fired power plant in Barangay Pinamarbuhan, Mobo, Masbate, due to its harmful impact to the environment and adverse effects on ...

PPI confab: Reclaiming the value of journalism in disinformation age
Sun Star - 2018-05-23
THIS year marks the 54th anniversary of the Philippine Press Institute (PPI), also known as the national association of newspapers ... embassies, and civil society organizations. The theme for this year is "Reclaiming the Value of Journalism: In an ...

Cariño rules Le Tour de Filipinas
BusinessMirror - 2018-05-23
The Navymen had a total clocking of 37 hours, 21 minutes and 41 seconds, more than seven minutes ahead of their 7-Eleven counterparts wound up second in the race. That somehow eased some pain they felt after Navy vital cog Junrey Navarra suffered a ...

Balasabas, three others share PHL Masters lead
BusinessMirror - 2018-05-23
Jobim Carlos and Joenard Rates at the start of the rich International Container Terminal Services Inc. (ICTSI) Villamor Philippine Masters at the Villamor Golf Club (VGC) on Wednesday. Bracing for a long, arduous day after a bogey on No. 2 of the tight ...

Market tumbles; Globe, BPI drop
thestandard.com.ph - 2018-05-23
Losers overwhelmed gainers, 116 to 66, with 55 issues unchanged. Globe Telecom Inc., the second-biggest telecommunications firm, tumbled 5.5 percent to P1,542, while SM Investments Corp. of retail tycoon Henry Sy Sr. shed 3.5 percent to P850. Bank of the ...

Powerhouse Rondina-Pons pair rallies in PSL beach volley opener
Rappler - 2018-05-23
MANILA, Philippines - Powerhouse Petron XCS kicked off its title-retention campaign on a sizzling note as it torched Generika-Ayala A, 19-21, 21-14, 15-8, in the opening salvo of the Philippine Superliga (PSL) Beach Volleyball Challenge Cup on Wednesday ...

Marawi Task Force wants ground zero rehab finished by 2021
CNN Philippines - 2018-05-23
Metro Manila (CNN Philippines, May 23) -- It will take three more years before ground zero in Marawi City is fully rebuilt, government rehabilitation initiative Task Force Bangon Marawi (TFBM) said on Wednesday. "Well, in terms of the most affected area ...

Masbate bans coal-fired energy projects
Rappler - 2018-05-23
MANILA, Philippines - Masbate, one of the oldest settlements in the Philippines, is no longer allowing the use of coal as a source of energy in a bid to limit its carbon output. Masbate issued Provincial Resolution No. 096-18, declaring the province ...

AC Energy moves to buy 50% stake in UPC Renewables Australia
BusinessWorld - 2018-05-23
AC Energy, a subsidiary of Ayala Corp., said its entry into the Australian renewables market is through a joint venture with the international renewable energy developer. "AC Energy is very excited to invest into UPC Renewables Australia as it ...

DOE wants Pinoys to tap renewable-energy sources
BusinessMirror - 2018-05-23
File photo of the 150-MW Burgos Wind Project in Burgos, Ilocos Norte, of the Lopez-owned Energy Development Corporation. The Department of Energy (DOE) is soliciting comments from industry stakeholders on a proposed policy that allows consumers to choose ...

Airlines obey Beijing's demand to call Taiwan part of China
Star Tribune - 2018-05-23
The AP found that Air Canada, Lufthansa, British Airways, Finnair, Garuda Indonesia, Asiana Airlines, and Philippine Airlines all have changed the way they refer to Taiwan to bring their global websites in line with the Chinese Communist Party's vision.

Airlines obey Beijing's demand to call Taiwan part of China
NewsOK - 2018-05-23
The AP found that Air Canada, Lufthansa, British Airways, Finnair, Garuda Indonesia, Asiana Airlines, and Philippine Airlines all have changed the way they refer to Taiwan to bring their global websites in line with the Chinese Communist Party's vision.

Racing industry holds summit
Manila Standard Today - 2018-05-22
Philracom is mandated with supervising and regulating the industry. Also among the attendees were top honchos of the racing clubs: lawyer King Reyno of Manila Jockey Club, Santiago Cualoping of Santa Ana Park, and lawyer Alexander Carandang of Metro Manila ...

ASIA A Legal Guide for Business Investment and Expansion: China
JD Supra - 2018-05-22
JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the ...

Market down; Bloomberry, BDO slip
Manila Standard Today - 2018-05-22
lost 1.5 percent to P37.25. Metro Pacific Investments Corp., which is into toll roads, water and electricity distribution, power generation and hospitals, fell 2.1 percent to P4.75, while BDO Unibank Inc., the biggest lender in terms of assets, dropped 1.4 ...

PSBank board approves P15-billion in debt paper
Manila Standard Today - 2018-05-22
Philippine Savings Bank, the thrift bank unit of the Metrobank Group, will issue up to P15 billion worth of long-term negotiable certificates of time deposits to pursue the expansion of the consumer banking business. The bank said in a disclosure to the ...

Rondina-Pons starts beach volleyball defense
philstar.com - 2018-05-22
MANILA, Philippines -- Sisi Rondina and Bernadeth Pons of Petron XCS gear up for a tough challenge as they start defense of their crown in the Philippine Superliga (PSL) Beach Volleyball Challenge Cup beginning today at Sands By the Bay in Mall of Asia.

Remembering the Marawi crisis
CNN Philippines - 2018-05-22
Metro Manila (CNN Philippines, May 23) -- The Muslim fasting month of Ramadan, which culminates with the Eid al-Fitr festival, is a time of reflection and celebration. But for residents of Marawi City, it brings back painful memories. This time last year ...

Cariño brothers ride to historic finish
philstar.com - 2018-05-22
Yesterday, tackling a route they knew like the palm of their hands, El Joshua of Philippine Navy and kid bro Daniel of 7-Eleven Cliqq Roadbike Philippines realized their cherished aspirations and finished a 1-2 in the third stage of the ninth Le Tour de ...

AUB consolidated income climbs
BusinessWorld - 2018-05-22
"We remain confident that we have the momentum to grow the business further as we continue to cater to the needs of corporates and small and medium enterprises," AUB President Manuel A. Gomez was quoted as saying in the disclosure. On the other ...

AEV preparing for leadership transition
BusinessWorld - 2018-05-22
"As we move closer to a unified digital experience across the Aboitiz Group, we seek to transform our business through digital technology in order to enhance customer experience, improve our operational processes, and create new business models as an ...

AboitizPower aims to boost contracted capacity to contestable customers
BusinessWorld - 2018-05-22
ABOITIZ Power Corp. is targeting to increase its contracted capacity to contestable customers by at least 100 megawatts (MW) this year as it looks to target electricity users with consumption of at least 750 kilowatts, its president said. "You talk to ...

Airlines giving in to China's Communist rulers, despite White House protest
Fox News - 2018-05-22
The AP found that Air Canada, Lufthansa, British Airways, Finnair, Garuda Indonesia, Asiana Airlines, and Philippine Airlines all have changed the way they refer to Taiwan to bring their global websites in line with the Chinese Communist Party's vision.

LRT 1 continues to await government okay to increase fares
BusinessMirror - 2018-05-22
WHILE Light Rail Manila Corp. (LRMC) is making good on its promise to deliver quality service through better infrastructure based on key performance indices under its concession agreement, it wants the government to do its end of the bargain--a fare ...

Global Forum on Transparency and Exchange of Information for Tax Purposes
BusinessMirror - 2018-05-22
Among the observers are the Asian Development Bank, the International Monetary Fund ... Internal Revenue Service financial transactions of US persons. Accordingly, the Philippines adopted Republic Act 10021 on March 8, 2010, otherwise known as the ...

AUB, subsidiaries report double-digit profit growth in Q1
BusinessMirror - 2018-05-22
The Asia United Bank and subsidiaries, Cavite United Rural Bank and Rural Bank of Angeles in Pampanga, reported consolidated net income of P797.7 million in the first quarter of this year. This represented growth averaging 21.3 percent, from a year-ago level.

Fiery duel up in Masters
BusinessMirror - 2018-05-22
In Photo: Lt. Gen. Galileo Gerard Kintanar Jr. (second from right), commanding general of the Philippine Air Force, and Villamor Golf Club General Manager Guillermo Molina Jr. (right) pose with Luigi Tabuena, Philippine Golf Tour tournament director, and ...

Rondina, Pons favored
BusinessMirror - 2018-05-22
Rondina and Pons are billed as two of the best beach volley players in the country. But the road to the title will never be easy as they are up against a solid group of competitors. Rondina and Pons landed in tough Pool A together with powerhouse Cocolife ...

Century Properties eyes P13-billion sales from Batulao Artscapes
BusinessMirror - 2018-05-22
AFTER the smashing success of the first phase of the Batulao Artscapes project, Century Properties Group--through its leisure, tourism and hospitality business unit--is also bullish on the second phase, expecting P13 billion in presales proceeds of the ...

NAIA Consortium shortens period, lowers cost for airport rehab proposal
Rappler - 2018-05-22
The 7 partners are Aboitiz InfraCapital Incorporated, AC Infrastructure Holdings Corporation, Alliance Global Group Incorporated, Asia's Emerging Dragon Corporation, Filinvest Development Corporation, JG Summit Holdings Incorporated, and Metro Pacific ...

Real-estate industry wins in recent property awards
BusinessMirror - 2018-05-22
I had a chat with the big winners and partners of the recently concluded Philippine Property Awards, Megaworld, SM Keppel, Arthaland, Ortigas and Co., Damosa Land and JLL, as to why the Philippine retail industry is on the up and up and what regions in the ...

Real-estate industry wins in recent property awards
BusinessMirror - 2018-05-22
Along with its subsidiaries Global-Estate Resorts Inc. (Geri), Empire East Land Holdings Inc., and Suntrust Properties Inc., the Andrew Tan-led company earned a total of nine awards, including two in new categories. Aside from the Best Developer award ...

Market down; Bloomberry, BDO slip
thestandard.com.ph - 2018-05-22
Losers beat gainers, 110 to 78, with 45 issues unchanged. Casino operator Bloomberry Resorts Corp. declined 3.6 percent to P11.80, while SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. lost 1.5 percent to P37.25. Metro Pacific Investments Corp., which ...

PSL beach volley champs Rondina, Pons aim to defend title
Rappler - 2018-05-22
MANILA, Philippines - Reigning champions Sisi Rondina and Bernadeth Pons of Petron XCS will be up against a tough competition when the Philippine Superliga (PSL) Beach Volleyball Challenge Cup unwraps on Tuesday, May 22, at Sands By the Bay in Mall of Asia.

GMA inks MOA with partners for Network Excellence Award
BusinessMirror - 2018-05-22
Averilla, University of the Philippines College of Mass Communication Foundation Inc. Executive Director Maria Angelica D. Abad, Angeles University Foundation President Dr. Joseph Emmanuel L. Angeles, GMA Network Excellence Award Ambassador Benjamin Alves ...

Techno-creative lab Digify Inc. joins Japan IT Week 2018
GMA Network - 2018-05-22
Digify, Inc., a subsidiary wholly owned by GMA New Media Incorporated (NMI), was part of the Philippine delegation supported by the Department of Trade and Industry (DTI) to the 28th Japan IT Week 2018, held from May 9 to 11 at Tokyo Big Sight, Tokyo ...