Globe Telecom open to partnering with PLDT for cell tower firm
Rappler - 2018-05-07
Globe expects to allot $850 million to $900 million every year until 2020 as capital spending budget, in a bid to continuously upgrade its network for the fast-growing data business. The Ayala-led listed telecommunications company saw its net income surge ...

Philippines stocks lower at close of trade; PSEi Composite down 0.17%
Investing.com - 2018-05-07
Shares in Semirara Mining Corp (PS:SCC) fell to 52-week lows; down 5.15% or 1.50 to 27.65. Shares in DMCI Holdings Inc (PS:DMC) fell to 3-years lows; falling 4.63% or 0.500 to 10.300. Gold Futures for June delivery was down 0.13% or 1.70 to $1313.00 a troy ...

SMPC sees lower energy generation in first quarter
BusinessWorld - 2018-05-07
Semirara Mining and Power Corp. (SMPC) expects its first-quarter energy generation to be lower by at least 20% because of the series of power plant closures during the period, company officials said. "This year we are down on a year-on-year basis ...

Strong LPG sales boost Pryce Corp profit in first quarter
BusinessWorld - 2018-05-07
Pryce Corp. posted a 12.8% increase in first-quarter net income to P340.3 million as volume of sales of liquefied petroleum gas (LPG) grew at around the same level during the period, the company told the stock exchange on Monday, May 7. Consolidated ...

Amid euphoria of PSL title conquest, Petron seeks long reign
philstar.com - 2018-05-07
MANILA, Philippines - The ecstasy of winning has yet to completely sink in to Petron a day after conquering the Chooks to Go-Philippine Superliga (PSL) Grand Prix title. Petron coach Shaq Delos Santos remains grateful for the milestone, saying that they ...

Gary Valenciano: Take care of your health
philstar.com - 2018-05-07
MANILA, Philippines -- For 35 years, Gary Valenciano has been a source of inspiration to millions of fans all over the world. His battle against Type 1 Diabetes is universally considered as a miracle. Prior to having an open-heart surgery recently, he was ...

PLDT completes partial sale of Rocket Internet shares
BusinessWorld - 2018-05-07
PLDT Inc said it has completed its partial sale of its Rocket Internet SE shares. PLDT said in a statement that Rocket Internet AG has accepted 6.8 million Rocket shares tendered by PLDT subsidiary PLDT Online Investments Pte. Ltd. at EUR24 per share for a ...

BPI profit flat in first quarter
BusinessWorld - 2018-05-07
Bank of the Philippine Islands (BPI) posted flat income in the first quarter despite logging revenue growth. In a disclosure Monday, May 7, BPI said it booked P6.25-billion net income in the January to March period, flat from the profit it recorded in the ...

Rappler hits BIR for 'selective justice' in tax evasion case
Rappler - 2018-05-07
MANILA, Philippines - Rappler Holdings Corporation (RHC) and Rappler CEO Maria Ressa accused the Bureau of Internal Revenue (BIR) of "selective justice" in the P133-million ($2.57-million) tax evasion complaint it filed against the social news network.

ENERGY DEVELOPMENT CORPORATION
Economic Times - 2018-05-07
With hirers looking for lies and past fraud, investigators are also checking if the facts presented by a candidate were embellished or misrepresented. Senior level hiring demand is decreasing as people management roles are diminishing and mid-level ...

EXPORT AND INDUSTRY BANK
Economic Times - 2018-05-07
Sewing expects to complete an initial review of Deutsche's investment bank within weeks, according to a person with knowledge of the matter, but any overhaul he launches is likely to take much longer. Debroy also noted that ideally the central bank should ...

Filinvest eyes foreign partners for $200-m Clark casino
Manila Standard Today - 2018-05-06
Filinvest Mimosa + Leisure City is a joint development of FDC and real estate arm Filinvest Land Inc. FLI recently completed and fully leased out the first office building in the area. It will commence the construction of a retail strip and the first ...

Shares to decline amid weak investor sentiment
BusinessWorld - 2018-05-06
This includes PLDT, Inc., Globe Telecom, Inc., Energy Development Corp., First Gen Corp., Petron Corp., Manila Water Co., Inc., Ayala Land, Inc., Robinsons Land Corp., Ayala Corp., San Miguel Corp., and San Miguel Food and Beverage, Inc. With this ...

Doing business easier
BusinessMirror - 2018-05-06
For Quezon City, a Reform Task Team was created composed of the Bureau of Internal Revenue (Client Support Service), Home Development Mutual Fund (Pag-IBIG Fund-Fund Management Group), Local ... Department), and Social Security System (NCR Operations ...

Blaze Spikers dominate
BusinessMirror - 2018-05-06
In Photo: The Petron Blaze Spikers, thanks to their imports who waxed hot in Game Three, finally snap three years of frustration. IMPORTS Lindsay Stalzer and Katherine Bell delivered high-octane performances when it mattered most as Petron accomplished its ...

Crossing the red line
thestandard.com.ph - 2018-05-06
The Philippine government, in its usual business-as-usual response, said it would file a diplomatic protest with the Chinese Embassy in Manila but will "trust its friendship with China to smooth things out." This latest Chinese provocation was flagged ...

PBA, San Miguel Corp, MVP Group combine for P46M donation to POC
Rappler - 2018-05-06
MANILA, Philippines - The PBA, San Miguel Corporation (SMC) and the Manny V. Pangilinan Sports Foundation (MVPSF) extended their support to the Philippine Olympic Committee (POC) by donating a total of P46 million. All of the 12 PBA teams donated P500 ...

Meralco seeking ERC okay for P21.46-B capex in 2019
BusinessMirror - 2018-05-06
THE Manila Electric Co. (Meralco) is seeking regulatory approval for its 2019 capital expenditures (capex) in the amount of P21.46 billion. In its eight-page application filed before the Energy Regulatory Commission (ERC), the utility firm proposed a capex ...

FDC allots P45B in capex this year, mostly for property development
BusinessMirror - 2018-05-06
GOTIANUN-LED Filinvest Development Corp. (FDC) said it is allocating P45 billion in capital expenditures (capex) this year, mostly to its property-development activities after bagging a casino project in Clarkfield in Pampanga. The capex is 12 percent ...

Vietnamese partner asking $50M more from MPTC
BusinessMirror - 2018-05-06
HO CHI MINH, Vietnam--Ho Chi Minh City Infrastructure Investment Jsc (CII) is asking Metro Pacific Investments Corp. for an additional $50 million in investments to finance two road projects here. Nguyen Van Binh, an investment manager at CII, said his ...

Central bank likely to hike key rates
BusinessWorld - 2018-05-06
A succeeding RRR cut will likely be introduced later this year as inflation starts to decelerate, said Security Bank Corp. economist Angelo B. Taningco. Traders have said market players are already pricing in a rate hike from the BSP this week, which has ...

Yields end flat ahead of inflation data
BusinessWorld - 2018-05-06
Dulay, head of Institutional Sales at Security Bank Corp. said on Friday. "Market remained defensive ahead of the inflation data and stayed defensive after the 4.5% print, which was within market expectations," she added. "The market remained quiet ...

Hotel 101 Group targets more Chinese tourists
philstar.com - 2018-05-06
MANILA, Philippines -- Hotel 101 Group aims to capture a huge chunk of the Chinese market to capitalize on the influx of Chinese tourists into the country. The company last month joined the Philippine Delegation to the China Outbound Travel & Tourism ...

Habitat for Humanity leads youth in community service
Sun Star - 2018-05-06
These youth volunteers joined their counterparts across 17 countries in the Asia Pacific under the Habitat Young Leaders ... from Ateneo de Davao University (Addu), Holy Cross of Davao College (HCDC), University of Mindanao, Davao Christian High School ...

Filinvest eyes foreign partners for $200-m Clark casino
thestandard.com.ph - 2018-05-06
The project would include a casino, lifestyle mall, five-star hotel and events venue within the 201-hectare prime mixed-use sprawling townscape which is envisioned to become a premier leisure and business destination in the heart of Clark Special Economic ...

Vietnam toll road operator wants Metro Pacific to raise investment
thestandard.com.ph - 2018-05-06
Vietnam toll road operator CII Bridges and Roads Investment Joint Stock Co. is seeking additional capital from Filipino investor Metro Pacific Tollways Corp. Pham The Chinh, general director of Ho Chi Minh City-based CII B&R, said his company would ask ...

Petron Blaze Spikers back on pinnacle of Grand Prix
BusinessWorld - 2018-05-06
THE Petron Blaze Spikers completed their return to the top of the Philippine Superliga (PSL) Grand Prix after exacting payback on erstwhile champions F2 Logistics Cargo Movers in their tightly fought best-of-three final series. Winning in four sets, 25-19 ...

Blazing Petron pens perfect ending to PSL campaign
Rappler - 2018-05-06
MANILA, Philippines - Petron penned a fitting end in its quest for redemption when it finally clinched the Chooks to Go-Philippine Superliga (PSL) Grand Prix crown before a roaring weekend crowd at the Smart Araneta Coliseum. Imports Lindsay Stalzer and ...

Back from a break, Grandmaster Frayna gears up for 2018 Chess Olympiad
Rappler - 2018-05-06
"I noticed that she was the only one in the FEU team who read all the books I gave my players [so] I worked on that quality," said Gonzales. Ultimately, Frayna's goal is to hurdle the 2019 Asian Zonal to qualify for the World Cup. The zonal remains a ...

We Indians love in-flight chat with strangers
The Tribune - 2018-05-05
In one of the world's biggest cyber heists, the hackers stole the Bangladesh Bank money held at the New York Fed in February 2016 using fraudulent orders on the SWIFT payments system and sent it to Rizal Commercial Banking Corp. From there, it disappeared ...

Philippines' biggest telcos converge, unveil 1st PLDT-Smart store in BGC
thestandard.com.ph - 2018-05-05
Pangilinan (center), with PLDT and Smart Top Management Executives Digital ... The Broadband Visualizer allows customers to check data usage for different types of online activities as well estimate download and upload times. This is particularly helpful ...

Petron gets payback, snares PSL Grand Prix crown
Rappler - 2018-05-05
MANILA, Philippines - Petron finally got over the heartbreak of past campaigns. Showing steely nerves this time, Petron hammered a 25-19, 25-20, 22-25, 25-18 victory over F2 Logistics to rule the Chooks to Go-Philippine Superliga (PSL) Grand Prix on ...

'Can you lend more?' Duterte asks ADB to fund more infra projects
Rappler - 2018-05-05
MANILA, Philippines - President Rodrigo Duterte asked the Asian Develoment Bank (ADB) to offer more loans to finance his Build, Build, Build infrastructure program. "I've never had a crowd with so much money. Can you lend more?" Duterte greeted the ...

Tulfo brothers go after other media outfits, colleagues
Rappler - 2018-05-05
In several posts online, as well as on his livestream of Ben Tulfo Unfiltered, Ben Tulfo slammed GMA's Mike Enriquez for the ... arguing that the issue was about People's Television Network, Inc (PTV). He accused Enriquez, an endorser of Mega Sardines ...

From local to national heritage
Sun Star - 2018-05-05
MAY of each year is celebrated as the National Heritage Month in the Philippines and this ... My Life With A King" produced by the Holy Angel University and directed by Carlo Catu will be held at the SM San Fernando Downtown on May 18.

Batanes now LTE-connected
Rappler - 2018-05-05
The PLDT subsidiary celebrated the milestone at a launch event held in the province's capital Basco on Thursday, May 3. Rappler covered the launch organized by Smart. The event was attended by the network's top executives, including its network planning ...

Philippines domestic market: airport constraints restrict growth
Centreforaviation.com - 2018-05-05
The Philippines has had one of the fastest growing economies in Asia over the past few years. Demand for air travel has naturally increased, but domestic traffic has increased at a rate slightly slower than GDP. Slot restrictions at Manila make it ...

25 awards up for grabs at 6th PropertyGuru awards in May
Manila Standard Today - 2018-05-04
Next in line with seven nominations is SM Keppel Land Inc. Several developers with current projects in Metro Cebu and Ilolio also made the cut, led by boutique developer ArthaLand Corporation and its Cebu Lavana Land Corporation subsidiary, which earned a ...

Building better
Manila Standard Today - 2018-05-04
Dubbed SuperFast-Crete, this was used for the repairs of C5 and EDSA, two of the busiest highways in Metro Manila. Holcim Philippines is also proposing and testing soil stabilization technology, which improves the existing soil condition in areas where the ...

EasyCall anniversary.
Manila Standard Today - 2018-05-04
EasyCall Communications Philippines Inc. celebrates its silver anniversary Thursday as a listed company with a special bell ringing ceremony at the Philippine Stock Exchange. Leading the event are (from left) ECP director Jonathan Cervantes, ECP co-vice ...

Stocks up slightly; DMCI, 8990 gain
Manila Standard Today - 2018-05-04
The stock market rose marginally Friday after staying in the red for the most of the trading session, with bargain hunting boosting some second-liners. The Philippine Stock Exchange Index added 11.09 points, or 0.2 percent, to 7,546.19 on a value turnover ...

When private sector employees run for public office
philstar.com - 2018-05-04
The Supreme Court has already settled these issues in at least two cases that I know about and teach in various Law schools in Metro Manila. In the case of ABS-CBN (GR 184865 decided on 07 March 2012) and also in another case of Manila Broadcasting Company ...

25 awards up for grabs at 6th PropertyGuru awards in May
thestandard.com.ph - 2018-05-04
Next in line with seven nominations is SM Keppel Land Inc. Several developers with current projects in Metro Cebu and Ilolio also made the cut, led by boutique developer ArthaLand Corporation and its Cebu Lavana Land Corporation subsidiary, which earned a ...

Building better
thestandard.com.ph - 2018-05-04
Dubbed SuperFast-Crete, this was used for the repairs of C5 and EDSA, two of the busiest highways in Metro Manila. Holcim Philippines is also proposing and testing soil stabilization technology, which improves the existing soil condition in areas where the ...

Southeast Asia's burgeoning infrastructure market defies borders
Nikkei Asian Review - 2018-05-04
EGAT is building power stations in Laos and the Philippines, and plans to construct a coal-fired plant in Vietnam. The company began talks with Vietnam's state-owned utility over power purchasing and other particulars. Malaysian player YTL Power ...

EasyCall anniversary.
thestandard.com.ph - 2018-05-04
EasyCall Communications Philippines Inc. celebrates its silver anniversary Thursday as a listed company with a special bell ringing ceremony at the Philippine Stock Exchange. Leading the event are (from left) ECP director Jonathan Cervantes, ECP co-vice ...

Consumer prices pick up further in April to breach full-year target
BusinessWorld - 2018-05-04
This was, however, still higher than the 3.3% recorded in April 2017. Angelo B. Taningco, economist at Security Bank Corp., noted April inflation being "partly driven" by food price inflation "as showcased by sharper price increase in rice and still ...

PHL to stay out of any settlement on bank heist case
BusinessWorld - 2018-05-04
Mr. Dominguez was reacting to a Reuters report quoting a Bangladesh Bank official saying it is open to a settlement on the $81-million bank heist case with Rizal Commercial Banking Corp. (RCBC). Mr. Dominguez said he met with the Bangladesh delegation on ...

EEI swings to net profit in 2017 on one-time gain, energy investments
BusinessWorld - 2018-05-04
PetroWind and PetroSolar are subsidiaries of PetroEnergy Resources Corp. (PERC), also a member of the Yuchengco group ... completed seven major projects. In the Philippines, EEI completed Green Residences along Taft Avenue in Manila; Beacon Tower 3 ...

Ramon Ang: SMC can self-finance proposed P700-B Bulacan airport
Rappler - 2018-05-04
In March, Megawide Construction Corporation and Bangalore-based partner GMR Infrastructure Limited also submitted a lower unsolicited bid of P155 billion to upgrade and operate NAIA.