Makati opens 31 new card payment centers
thestandard.com.ph - 2018-05-15
Bills payment accepted under the Makatizen Card Program include Globe, Meralco, Manila Water, Maynilad, University of Makati, Bayan Telecommunications, Bank of the Philippine Islands, PLDT, SMART, Equicom, and Manulife. Also included are Cocolife ...

NU Bulldogs unleash late rally in FilOil, eliminate Gilas from contention
Rappler - 2018-05-15
Finally, the College of St. Benilde Blazers stopped the undefeated Far Eastern University (FEU) Tamaraws on their tracks to remain as the only undefeated squad in Group B ... 4, Ambohot 4, Tuffin 2, Tamayo 2, Go 0

PLDT opens PDRF Emergency Operations Center disaster hub in Clark
thestandard.com.ph - 2018-05-15
Pangilinan, Ayala Corp. chairman and PDRF co-chairman Jaime Augusto Zobel de Ayala, PDRF president Rene Meily, Magsaysay Group chairman Doris Magsaysay-Ho, Aboitiz Equity Ventures CEO and president Erramon Aboitiz, and other PDRF officials and business ...

Expansion of reclamation projects under Duterte admin scored
Davao Today - 2018-05-15
Dulce added. Kalikasan PNE took part in the recent rapid appraisal undertaken by environmental scientists at the site for the 2,500-hectare Aerotropolis project in Bulacan owned by San Miguel Corporation (SMC). The group surveyed numerous Indian mangrove ...

DOTr, Jica set P16.98-billion price tag for MRT 3 rehab, upkeep
BusinessMirror - 2018-05-15
The said company, a partnership between Metro Pacific and Ayala Corp., operates the Light Rail Transit (LRT) Line 1. Its proposal for the MRT mimicked the same provisions under its concession agreement for the LRT 1 operations and modernization deal ...

Shares up on continued optimism after BSP move
BusinessWorld - 2018-05-15
The property sector soared 4.79% or 177.13 points to close at 3,870.50. This was boosted by the 7.43% increase in shares of SM Prime Holdings, Inc. to P38.30 each. Holding firms went up 1.35% or 104.72 points to 7,850.22, while services added 0.51% or 7.94 ...

Chabon in the hunt
BusinessMirror - 2018-05-15
while Chommapat Ponthanarak of Thailand sizzled at the finish as they forced a three-way tie for the lead at 70 with another Thai Onkanok Soisuwan at the start of the International Container Terminal Services Inc. (ICTSI) Mount Malarayat Ladies Classic at ...

PHL Southeast Asian Games preparations on
BusinessMirror - 2018-05-15
Phoenix Petroleum CEO Dennis Uy and PLDT Chairman Manuel V. Pangilinan are the board advisers. It is going to be a busy day today for the SEA Games Federation members as they meet from 9 a.m. to 12 noon to discuss key issues on Sports and Rules ...

AGI Q1 income flat at P5.4 billion on forex losses, higher interest
BusinessMirror - 2018-05-15
ALLIANCE Global Group Inc. (AGI), the investment holding company of businessman Andrew L. Tan, said its net income for the first three months of the year was flat at P5.4 billion, dragged by foreign-exchange losses and higher interest charges. Company ...

Market jumps; SM Prime advances
thestandard.com.ph - 2018-05-15
surged 7.4 percent to P38.30, while major property developer Ayala Land Inc. advanced 3 percent to P42.25. MacroAsia Corp., which provides aviation-related services, climbed 5 percent to P27.50, while Wilcon Depot Inc. rose 2.2 percent to P11.82.

S&P pulls up ratings of Security Bank, DBP
BusinessMirror - 2018-05-15
THE establishment of credit bureaus and improved overall loan management of the Philippine banking sector pulled the ratings of two banks upward, S&P Global Ratings said. The credit watcher confirmed in its recent statement a "more improved" Philippine ...

Davao utility firm backstops P12-billion river-water extraction
BusinessMirror - 2018-05-15
DAVAO CITY--The Davao City Water District (DCWD) have started activities to backstop the main P12-billion river-water extraction project northwest of here as the water utility firm and its joint-venture (JV) business partner announced the project remains ...

Seda Ayala Center Cebu set to open soon
BusinessMirror - 2018-05-15
The exceptional performance of the wholly Filipino-owned brand in the past five years prompted Ayala Land to appoint Seda to run its property at the Cebu Business Park, according to Seda senior group General Manager Andrea Mastellone. Seda Ayala Center ...

Globe launches online tutorial for entrepreneurs
BusinessMirror - 2018-05-15
Globe Telecom has launched an online entrepreneurship web site that aims to provide lessons on business management through the testimonials of various industry experts. The web site, called Globe myBusiness Academy Online, was created to reach out to ...

House OKs bill abolishing agency hunting Marcos ill-gotten wealth
Rappler - 2018-05-15
(READ: Martial Law, the dark chapter in Philippine history) Transparency International estimates that Marcos embezzled from $5 billion to $10 billion from 1972 to 1986 through shell corporations, real estate properties, and money in numerous offshore banks.

SE Asia Stocks-Indonesia falls to 1-week closing low; Philippines extends gain
Reuters - 2018-05-15
SM Prime Holdings rose 7.4 percent and Ayala Land climbed 3.1 percent. "There is inflow of foreign funds and it's a subsequent move from last week," said Cruz. Foreign investors net bought equities worth 293.4 million pesos ($5.60 million) on Friday ...

DoubleDragon opens 2018 with 349% jump in net income
Rappler - 2018-05-15
MANILA, Philippines - DoubleDragon Properties Corporation saw its net income jump by 349% in the 1st 3 months of the year to P744.5 million, from P165.6 million in the same period a year ago, driven by its rental income business. DoubleDragon told the ...

Petron allots P15 billion for 2018 capex
BusinessWorld - 2018-05-15
Petron Corp. is setting aside this year a capital expenditure of P15 billion to cover its network expansion and refinery improvement, company officials said on Tuesday, May 15. Of the amount, P10 billion is for the Philippines while P5 billion for Malaysia ...

DoubleDragon net income soars in first-quarter
BusinessWorld - 2018-05-15
Earnings of DoubleDragon Properties Corp soared 350% in the first quarter of 2018, riding on the back of higher sources of recurring revenues under its portfolio. In a statement issued Tuesday, the listed property developer said consolidated net income ...

ALI partners with two firms for Aurora, Quezon projects
BusinessWorld - 2018-05-15
Ayala Land, Inc. (ALI) is teaming up with Green Square Properties Corp. (GSPC) and Green Circle Properties and Resources, Inc. (GCPRI) for two projects in Aurora and Quezon province. In a disclosure to the stock exchange on Tuesday, ALI said it has signed ...

Cebu Air net income surges 12% in first quarter
BusinessWorld - 2018-05-15
Cebu Air, Inc. reported its net income for the first three months of 2018 stood at P1.437 billion, a 12% surge from the P1.283 billion recorded in the same period last year. Its revenues also grew to P18.261 billion, 8.3% higher from the P16.864 billion in ...

In Manila, is public art just a front for poor urban planning?
CNN Philippines - 2018-05-15
Manila (CNN Philippines Life) -- Public art is an important mediator ... which has made it an attractive destination for international capital, especially the business-process outsourcing (BPO) operations of multinational corporations.

Stocks rally as investors remain optimistic
BusinessWorld - 2018-05-15
The property sector soared 4.8% or 177.13 points to close at 3,870.50. This was boosted by the 7.43% increase in shares of SM Prime Holdings, Inc to P38.30 each. Holding firms inched up 1.35% or 104.72 points to 7,850.22, while services added 0.51% or 7.94 ...

Proposal to build Manila cruise port submitted to Malacanang
BusinessWorld - 2018-05-15
It said Bloomberry Resorts Corp. and International Container Terminal Services, Inc. (ICTSI) presented to President Rodrigo R. Duterte a plan for the Solaire Cruise and Yachting Centre, which the President welcomed as long as it acquires all permits and en ...

Ed Angara: A man for all seasons
The Visayan Daily Star - 2018-05-15
Not only was he a statesman, he was a diplomat, an educator, an agriculturist, was president of the University of the Philippines, chairman of the Philippine National Bank, was Senate president, secretary of agriculture, and at the time of his death ...

DMCI sets P40.7-billion capex for 2018
BusinessWorld - 2018-05-15
DMCI Holdings, Inc. is setting aside P40.7 billion in capital expenditure this year, the bulk of which will go into its property and integrated energy businesses, company officials said on Tuesday, May 15. "Without Maynilad [Water Services, Inc.], capex ...

S&P upgrades Security Bank to investment grade, affirms rating for DBP
BusinessWorld - 2018-05-15
Last year, Security Bank booked a net income of P10.3 billion, 20% higher than the P8.55 billion posted in 2016 driven by growth across its business segments. S&P Global Ratings bumped up its credit ratings on Security Bank Corp., while affirming its ...

PLDT opens 2nd Vitro data center in Cebu, 10th overall in PH
newsbytes.ph - 2018-05-15
The new facility is built from the ground up, using the most up-to-date and globally ... so collocated clients need not worry about service interruptions that could temporarily halt business operations. This infrastructure redundancy also allows us to ...

PLDT not keen on joining Globe for independent cell tower firm
Rappler - 2018-05-15
MANILA, Philippines - PLDT Incorporated is not interested in partnering with rival Globe Telecom Incorporated for the proposed independent company that would share, build, and deploy cellular towers across the Philippines. "At this time, we don't see any ...

SE Asia Stocks-Philippines gains; Indonesia down over 1 pct
Reuters - 2018-05-15
* Malaysia gains for third straight session * Indonesia's index of 45 most liquid stocks down 2 pct By Karthika Suresh Namboothiri May 15 (Reuters) - Philippine shares extended gains for a third consecutive session and touched a one-month high on Tuesday ...

Business Briefs: Fairfield Inn opens today in Athens, Tenn.
Chattanooga Times Free Press - 2018-05-15
"Delivering both function and comfort, our new design and décor elevate the Fairfield brand, setting a new standard in the moderate tier category," said Callette Nielsen, vice president and global brand ... in Peanuts Holdings, the company behind Charlie ...

MANILA ELECTRIC COMPANY
Economic Times - 2018-05-15
The company is likely to launch an electric version of the Kwid small car in the next couple of years, people in the know of the plans said. The government hopes this will help companies raise funds for fresh investments that could be ploughed into ...

PHILIPPINE NATIONAL BANK
Economic Times - 2018-05-15
"China should and does have a voice in shaping the international system, as do all countries. However, in recent years, we have grown concerned by China's strategic intentions," said a US official. Manila, Nov 13 (IANS) Prime Minister Narendra Modi on ...

Aboitiz Power inaugurates solar rooftop in Cebu
thestandard.com.ph - 2018-05-14
AboitizPower Distributed Energy Inc., the solar rooftop unit of Aboitiz Power Corp., recently inaugurated its first project in Cebu City. APX began operating the 100-kilowatt installation on top of the Aboitiz & Co. office in Cebu City in March and ...

Aboitiz Power inaugurates solar rooftop in Cebu
Manila Standard Today - 2018-05-14
AboitizPower Distributed Energy Inc., the solar rooftop unit of Aboitiz Power Corp., recently inaugurated its first project in Cebu City. APX began operating the 100-kilowatt installation on top of the Aboitiz & Co. office in Cebu City in March and ...

Manila Water secures P5-B loan from PNB
The Manila Times - 2018-05-14
Address: 2/F Sitio Grande Building 409 A. Soriano Avenue, Intramuros Manila 1002 Philippines Tel. : +63 (02) 524 5664 up to 67 Fax: +63 (02) 528-1729 Email: newsdesk@manilatimes.net opinion@manilatimes.net

Amaia Skies Shaw to turn over units in Q3
BusinessWorld - 2018-05-14
senior project development manager at Amaia Land, was quoted as saying in a statement. Amaia Land is a wholly owned subsidiary of Ayala Land, Inc. (ALI) which caters to the affordable market segment.

Stocks to climb as investors go bargain hunting
BusinessWorld - 2018-05-14
Meanwhile, online brokerage 2TradeAsia.com said companies with a weighted average of around 60% of the PSEi reported better-than-expected first-quarter results, including SM Investments Corp.; SM Prime Holdings, Inc.; Ayala Land, Inc.; PLDT, Inc.; San ...

Globe: PH data consumption soars
Sun Star - 2018-05-14
GIVEN the increasing appetite of Filipinos for on-demand video, electronic games, and multimedia content, soaring data consumption now serves as a key driver to the continuing strong growth of Globe Telecom. For the first three months of the year alone ...

Galedo in harness
BusinessMirror - 2018-05-14
MARK JOHN LEXER GALEDO leads a bigger local charge in the ninth edition of the Le Tour de Filipinas with the 7-Eleven Road Cliqq Roadbike Philippines rider hoping to relive his successful stint in 2014 when he won the only International Cycling Union (UCI ...

Gilas Cadets test Bulldogs
BusinessMirror - 2018-05-14
Nevertheless, the young nationals have their work cut out for them when they battle NU at 7 p.m. Undefeated Far Eastern University (FEU) and College of Saint Benilde (CSB), meanwhile, part ways when they collide at 12:30 p.m. FEU is 3-0, while a much ...

Security Bank launches new UITF product
BusinessMirror - 2018-05-14
Security Bank Corp. on Monday introduced a new investment vehicle, a unit investment trust fund (UITF), that will allow local participants to invest in companies across the Asia-Pacific region. The bank said the new product--dubbed the SB Asia Pacific ...

The SSMG stock market prediction
BusinessMirror - 2018-05-14
However, as with every secret group of experts, there is a blood oath that this information ... One I found that caught my interest was an article on one of the Kings of financial news, CNBC. The title was "An indicator with a nearly perfect track ...

DMCI power unit expects to sustain growth this year
BusinessMirror - 2018-05-14
SEMIRARA Mining and Power Corp., a unit of DMCI Holdings Inc., said it will sustain growth this year despite the scheduled and unplanned shutdowns in the first quarter of its four power plants. "Even with the plant shutdowns, we are on track to deliver ...

Meralco contracted only 50MW more power till June
BusinessMirror - 2018-05-14
When needed, MeralCo could always activate its Interruptible Load Program, which works by calling on business customers with loads of at least 1 MW to run their own generator sets, if needed, instead of drawing power from the grid.

Completion of Bulacan airport runways eyed 2022
Sun Star - 2018-05-14
The New Manila International Airport project is an unsolicited proposal for an infrastructure project which the private sector, led by San Miguel Corporation (SMC), initiated its submission to the government. The project, which costs some P735 billion and ...

Galedo back in harness for Le Tour
thestandard.com.ph - 2018-05-14
Mark John Lexer Galedo leads a bigger local charge in the ninth edition of the Le Tour de Filipinas, with the 7-Eleven Road Cliqq Roadbike Philippines rider hoping to relive his successful stint in 2014 when he won the only International Cycling Union ...

Planned deal between PLDT's Voyager, Tencent might not push through
Rappler - 2018-05-14
"We'll still carry on. The volume of business and the number of accounts on PayMaya, merchants have grown," Pangilinan told reporters. PayMaya has been actively collaborating with merchants, latest of which was hand-rolled soft pretzel chain Auntie Anne's ...

The most inclusive province: Bataan
BusinessWorld - 2018-05-14
Bataan was the 7 th most competitive province in the country in 2016, according to the National Competitiveness Council ... Director of the Center for Food and AgriBusiness of the University of Asia & the Pacific.

Tibaldo: Promoting culture and arts in a 5th Class Municipality
Sun Star - 2018-05-14
I JOINED the National Commission on Culture and the Arts Sub-Commission ... Ching is a former schoolmate who also finished Fine Arts majoring in Painting from the University of Santo Tomas. Another Tomasino, Arch. Ogie Caringal is with our Amping Sining ...