Ayala Q1 net profit rose 10% to P7.7-billion
thestandard.com.ph - 2018-05-11
Ayala said in a disclosure to the stock exchange equity earnings from core business units grew 9 percent to ?9.2 billion, boosted by contributions of Ayala Land Inc. which jumped 15 percent, as well as AC Energy which nearly doubled during the period.

Philex copper, gold output declined in Q1
BusinessMirror - 2018-05-11
PHILEX Mining Corp. said its gold and copper output in the first quarter fell by 20 percent and nearly 9 percent, respectively, despite a 10-percent hike in total milling tonnage. The company, led by businessman Manuel V. Pangilinan, said the decline in ...

San Miguel Q1 net income surged 13% to P15.6 billion
BusinessMirror - 2018-05-11
Income of San Miguel Pure Foods Co. Inc., now officially named San Miguel Food and Beverage Inc., fell 7 percent to P1.36 billion, from P1.46 billion last year, due to foreign-exchange losses caused by the peso depreciation against the US dollar ...

PLDT net income rose 41% to P7 billion in Q1
BusinessMirror - 2018-05-11
PLDT Inc. Chairman and CEO Manuel V. Pangilinan on May 10 said the information and communications technology (ICT) juggernaut needs to exert more effort to regain its lofty standing in the market. "We can do better. The competition has a slight edge in ...

Vista Land income grew 13 percent to P2.61 billion in Q1, on brisk residential sales
BusinessMirror - 2018-05-11
PROPERTY developer Vista Land & Lifescapes Inc. on Thursday said its net income grew 13 percent during the first three months of the year to P2.61 billion, from P2.31 billion last year, on sustained sales of its core residential business. Revenues grew 11 ...

Century Properties launches 2nd horizontal project in Lipa
BusinessMirror - 2018-05-11
PROPERTY developer Century Properties Group Inc. on Thursday said it is launching its horizontal project in Lipa, Batangas, its second project to date, after the takeup of the maiden launch of its project in Cavite has been successful. The company said it ...

LIVE! I-T dept chargesheets Chidambaram's wife, son under black money law
Rediff - 2018-05-11
23:19 Woman molested by rickshaw-puller outside Delhi metro station: A woman alleged that she was molested ... as also the firm in which Karti is one of the Directors-- Chess Global Advisory-- 'did not disclose' these investments to the tax authority ...

SE Asia Stocks-Rise in line with broader Asia; Philippines gains nearly 2.5 pct
Reuters - 2018-05-11
Financials and industrials were among the top boosts with power generator Aboitiz Equity ventures rising 6 percent and BDO Unibank ending 3.3 percent higher. "Most analysts were citing that recent inflation figures have in a way signalled that the BSP ...

Where to stay in Tacloban
thestandard.com.ph - 2018-05-11
Summit Hotel Tacloban is the fifth property in the province under the Summit Hotels brand ... All rooms as well as the communal spaces are furnished with mid-century modern pieces to balance out the traditional design elements, giving the hotel that ...

Ayala Q1 profits hit P7.7B
BusinessWorld - 2018-05-11
THE real estate and power units of Ayala Corp. (AC) boosted its earnings for the first quarter of 2018, with net income attributable to the parent up 10% year-on-year. In a statement issued Friday, the listed conglomerate reported an attributable profit of ...

San Miguel Food and Beverage expects to earn P33 billion in 2018
BusinessWorld - 2018-05-11
SAN MIGUEL Food and Beverage, Inc. (SMFBI) -- previously known as San Miguel Pure Foods Co., Inc. -- is expected to generate P33 billion in earnings this year, once the beer, food, and liquor businesses are fully consolidated under its portfolio ...

SSI earnings fall in Q1
BusinessWorld - 2018-05-11
EARNINGS of the SSI Group, Inc. fell in the first three months of the year, dragged by the weakening peso despite a single-digit growth in sales for the period. In a statement issued Friday, SSI said net income by the end of the first quarter stood at P132 ...

Philippine stocks rally after BSP hikes rates
BusinessWorld - 2018-05-11
The local bellwether Philippine Stock Exchange index (PSEi) climbed 181.11 points or 2.39 ... increased its lending rates to mitigate the inflationary effects," Diversified Securities, Inc. equities trader Aniceto K. Pangan said in a mobile phone message.

Exclusive: Blockchain to Save Philippines From AI Onslaught
Investing.com - 2018-05-11
Blockchain technology will help the Philippine economy preserve jobs that the advent of artificial intelligence (AIs) is expected to eliminate, according to Edwin Bautista, president and CEO of Union Bank of the Philippines. Bautista told Cryptovest in an ...

SSI Group earnings dip in first quarter
BusinessWorld - 2018-05-11
Earnings of SSI Group, Inc. fell in the first three months of the year, dragged by the weakening peso despite a single-digit growth in sales for the period. In a statement issued Friday, SSI said net income by the end of the first quarter stood at P132.9 ...

RCBC books higher Q1 profit on strong loan growth
BusinessWorld - 2018-05-11
Rizal Commercial Banking Corp. (RCBC) reported higher net profit in the first quarter supported by robust loan growth and reduction in non-performing assets. The Yuchengco-led lender booked an unaudited consolidated net income of P1.1 billion in the ...

PHL government not part of any settlement between Bangladesh Bank, RCBC
TechnoChops - 2018-05-11
In the eventuality that a settlement is reached by the Bangladesh central bank and the Rizal Commercial Banking Corp. (RCBC), the Philippine government will have no involvement in it. Any agreement will be between the two banks, according to the Department ...

Negross Occidental industries reminded of environmental law compliance
Sun Star - 2018-05-11
THE Provincial Environment and Natural Resources Office (Penro) has reminded industries in Negros Occidental to ensure compliance with environmental measures set by the government amid the fishkill incident that hit anew in Pontevedra town. Penro head ...

Taking shopping to new heights
philstar.com - 2018-05-11
I am so happy that there is one nearer to me now! Present during the launch were Southeast Asia Retail Inc. president Gwen Lim, chairman lawyer Lowell Yu, Megaworld Corp. first vice president Kevin Tan and Pasig City OIC and city administrator lawyer ...

Phoenix to rise anew vs NLEX?
philstar.com - 2018-05-11
MANILA, Philippines -- Phoenix Petroleum hopes to keep the fire of its stirring come-from-behind win over Magnolia Sunday while three teams look to check their slump as they figure in a rare Wednesday doubleheader on the road at the Alonte Sports Arena in ...

PLDT net earnings rise 39% to P6.9 billion
philstar.com - 2018-05-11
MANILA, Philippines -- It was a good start for PLDT Inc. this year as it saw net earnings rise by 39 percent in the first quarter from a year ago amid higher revenues and stabilizing wireless business. For the first quarter, PLDT saw its net income grow ...

Market rises; MacroAsia climbs
Manila Standard Today - 2018-05-10
Twelve of the 20 most active stocks ended in the green, led by MacroAsia Corp. which climbed 6.8 percent to P25.30 and Vitarich Corp. which jumped 6.7 percent to P3.80. Metropolitan Bank & Trust Co. rose 2.6 percent to P83.60, while PLDT Inc. added 2.5 ...

Pumaren: Defense is the key
philstar.com - 2018-05-10
CEBU, Philippines -- Without defense ... at the Aznar Coliseum in Southwestern University-PHINMA yesterday and Wednesday. Known for being a defensive-minded coach who popularized full-court pressure all game long in all the teams that he has handled ...

PLDT core profit increases in Q1
BusinessWorld - 2018-05-10
Mobile Internet revenues increased 29% to P5.9 billion, while Home broadband revenues jumped 18% to P5.6 billion. Corporate data and data center revenues increased 6% to P5.2 billion. PLDT Chief Revenue Officer Ernesto R. Alberto said the data plans they ...

Foreign direct investments surge to $573M in February
BusinessWorld - 2018-05-10
Taningco, economist at Security Bank Corp. "I think both fiscal stimulus and accommodative monetary policy have helped encourage FDIs as both are pro-growth policies." The economy expanded by 6.8% during the first quarter led by industry expansion ...

GT Capital implements Metro Park master plan
BusinessWorld - 2018-05-10
GT CAPITAL HOLDINGS, Inc. is now implementing the master plan for its 40-hectare mixed use estate in the Bay Area called Metro Park, where it recently opened a new office building for the business process outsourcing sector. "The land area in the ...

Philex Mining profit drops in Q1
BusinessWorld - 2018-05-10
Inc. and Metro Pacific Investments Corp. Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- maintains interest in BusinessWorld through the Philippine Star Group, which it controls.

Philbex, Tlex 2018 open
Sun Star - 2018-05-10
Cathay Pacific and Philippine Airlines have also catered to guests interested of the flight bookings especially of promos and newly-launched direct fights. "Our brand promise will not fail you as we have extreme adventures from diving to caving to hiking.

Pilmico to construct P10-million R&D facility in Mindanao
BusinessMirror - 2018-05-10
Pilmico Foods Corp. (Pilmico) said it is constructing a state-of-the-art research and development (R&D) facility in Mindanao "dedicated" to the improvement of livestock, poultry and aquaculture production. The establishment of the facility would be ...

Jollibee updates security measures on its online delivery service
TechnoChops - 2018-05-10
Following an order by the National Privacy Commission (NPC) to suspend its online food delivery service, Jollibee Foods Corporation (JFC) is reassuring the public that it is updating security measures. The Complaints and Investigation Division of the NPC ...

How Trump's steel tariffs kick the can business
Investing.com - 2018-05-10
"Our members have razor-thin margins," said Nickolas George, president of the Midwest Food Products Association, which represents Seneca Food Corp and Del Monte Pacific Ltd, which both can fruit and vegetables, among others. "Lower profits for them mean ...

33,120 jobs up for grabs in Peso job expo
Sun Star - 2018-05-10
Person with disabilities, solo parents, indigenous group, Tesda graduates ... Philippine Statistics Authority, PhilHealth, Social Security System, Professional Regulation Commission, and Employees' Compensation Commission will likewise set up help desk ...

Philippines ready to take more action after raising rate
BusinessWorld - 2018-05-10
"The BSP will likely stick to the narrative the pressures are supply-side in nature, a merely transitory phenomenon," said Emilio Neri, an economist at Bank of the Philippine Islands in Manila. "This justifies not being too aggressive as the ...

Fish kill hits towns in Bulacan, Negros Occidental
Rappler - 2018-05-10
Meanwhile, a fish kill incident was also reported in Pontevedra, Negros Occidental, after a sugar mill dam of Central Azucarera de la Carlota Incorporated in the adjacent La Carlota City collapsed on Tuesday, May 8. The cost and extent of the damage has ...

Maynilad to replace old pipes to cut water losses
BusinessWorld - 2018-05-10
Maynilad Water Services, Inc. serves certain portions of the cities of Manila, Quezon and Makati ... area to 2,285 kilometers or 56% of the distribution system that the company inherited 11 years ago after the 2007 re-privatization.

SWU, CSVC seize lead in Mayor's Cup volleyball
philstar.com - 2018-05-10
USC dropped to 2-1, while UB fell to 2-2. In women's Bracket A, CSVC prevailed over the University of Southern Philippines Foundation in a battle of undefeated squads, 25-15, 19-25, 25-22, 25-22. CSVC now holds a clean 2-0 slate, while USPF fumbled after ...

Philex Mining net income drops on lower production
BusinessWorld - 2018-05-10
Philex Mining Corp. reported a 24% drop in its first quarter core net income to P346 million from P458 million from the same period last year, caused by lower production and stronger outflow of money. In a disclosure to the stock market on Thursday, May 10 ...

Boracay Water completes sewerage system connecting 2 treatment plants
Rappler - 2018-05-10
MANILA, Philippines - Boracay Island Water Company Inc completed the sewerage diversion system connecting Balabag sewage treatment plant to Manoc-Manoc, allowing more establishments and households to connect to the company's sewer network. In a statement ...

Despite higher profit, PLDT chief unsatisfied: 'We can do better'
Rappler - 2018-05-10
MANILA, Philippines - After 8 quarters of "monumental decline" in its wireless individual service revenue, PLDT Incorporated finally turned around in the first quarter of 2018. But its chairman and chief executive officer, Manuel Pangilinan, remains ...

Megaworld earnings increased 12% in Q1
BusinessMirror - 2018-05-10
THE Andrew Tan-led property firm Megaworld Corp. said its net income grew 12 percent during the first three months of the year to P3.3 billion, from P2.9 billion last year. Consolidated revenues grew close to 10 percent to P13.1 billion during the first ...

GT Capital implementing masterplan for Bay Area project
BusinessWorld - 2018-05-10
GT Capital Holdings, Inc. is now implementing the masterplan for its 40-hectare mixed-use estate in the Bay Area called Metro Park, where it recently opened a new office building for the business process outsourcing (BPO) sector. "The land area in the ...

Loving native Philippine trees
philstar.com - 2018-05-10
real estate appraiser and estate broker. He was founder and president of several appraisers organizations. He had more than 40 years experience in appraisal of tangible and intangible properties in the Philippines and the US, Guam, Palau, Japan ...

Meralco: Electricity rates lower in May
CNN Philippines - 2018-05-10
Manila Electric Company (MERALCO) said the P0.54 per kWh cut will result in a P109 decrease in the bill of a typical residential customer consuming 200kWh. This was brought about by lower charges from the Wholesale Electricity Spot Market (WESM), which ...

Globe turns on LTE in Bongao, Tawi-Tawi
Rappler - 2018-05-10
MANILA, Philippines - Globe Telecom on Wednesday, May 9, announced it had activated the 1800MHz and 700MHz frequency in the town of Bongao, Tawi-Tawi. This will provide the people of the town with access to faster internet connectivity. Bongao is the ...

with Jennylind D. Cordero
The Visayan Daily Star - 2018-05-10
One of the first sugar centrals was also established in 1916 in this city at Hacienda Esperanza, now known to be Central Azucarera de La Carlota. What brought me to visit the sugar central was the garden of sunflowers at the Bucalan Sunflower Farm by the ...

with Jennylind D. Cordero
The Visayan Daily Star - 2018-05-10
Escalante is active as well, Victorias is strengthening its agro-ecotourism program with the tourism code passed and they now have a permanent tourism officer position and is able to avail of TIEZA funds for various tourism projects. These are a few of the ...

Globe activates LTE network in Tawi-Tawi capital
newsbytes.ph - 2018-05-10
Mobile operator Globe Telecom has activated the 1800MHz and 700MHz frequency in the town of Bongao, Tawi-Tawi to enable the residents there to have access to faster mobile Internet. Globe president and CEO Ernest Cu confirmed during its 1st Quarter ...

Man Arrested For Robbing Bank In Supermarket: Police
USA Patch - 2018-05-09
Police say that Maynard was also responsible for robbing a Roslyn Savings Bank inside Stop and Shop, located at 4055 Merrick Road in Seaford, on Feb. 8. Maynard is charged with two counts of first-degree robbery and two counts of seventh-degree criminal ...

Stock market down in thin trading
Manila Standard Today - 2018-05-09
Conglomerate JG Summit Holdings Inc. of industrialist John Gokongwei slumped 4 percent to P59.05, while Aboitiz Equity Ventures Inc. dropped 3.1 percent to P59.70. International Container Terminal Services Inc., the biggest port operator, lost 2.3 percent ...

Jollibee seeks bite of Tim Ho Wan franchise
CNN Philippines - 2018-05-09
Metro Manila (CNN Philippines, May 9) -- Fast-food giant Jollibee Food Corporation (JFC) will invest in nearly half of the buyer of the dim sum chain Tim Ho Wan master franchise holder for Asia Pacific ... JFC's planned investment will result in a ...