F2 Logistics, Petron in PSL Grand Prix sudden-death today
BusinessWorld - 2018-05-04
The Petron Blaze Spikers and F2 Logistics Cargo Movers fight in a sudden -death today to settle the PSL Grand Prix Championship. (PSL) TWO of the best club teams in the country - F2 Logistics and Petron - take their intense rivalry to the highest level ...

A look at a brewing Ben Tulfo-Mike Enriquez word war
InterAksyon - 2018-05-04
Host Ben Tulfo has fired back at his friend and fellow broadcaster Mike Enriquez after the latter referred to the Department of Tourism as the ... Reyes Zobel for excessive advertising on his own radio show on DZBB Super Radyo. He brought on set a ...

F2 activates Baron for Game 3 vs Petron
philstar.com - 2018-05-04
MANILA, Philippines - F2 Logistics will be marching in full force as it activated Majoy Baron when they collide with Petron in sudden-death Game Three of their Chooks to Go-Philippine Superliga Grand Prix best-of-three finals series Saturday at the Smart ...

Consumer prices soar to a 5-year high in April, overshoot target
philstar.com - 2018-05-04
MANILA, Philippines -- The overall increase in prices of key consumer ... And our reading, based on the latest data, it seems to have spread somewhat," Espenilla said. But for Union Bank chief economist Ruben Carlo Asuncion, policymakers might not ...

BPI lists new shares worth P53.67 billion
BusinessWorld - 2018-05-04
BPI on May 4 has listed 599.7 million new shares priced at P89.50 apiece. -- Photo: Karl Angelo N. Vidal Bank of the Philippine Islands (BPI) has listed 599.7 million new common shares at the local bourse following the completion of a P50-billion stock ...

Bangladesh open to settlement over $81-M Manila cyber heist
InterAksyon - 2018-05-04
A security guard stands guard outside a branch of Rizal Commercial Banking Corporation, or RCBC, in ParaƱaque city, Metro Manila, Philippines August 2, 2016. (Reuters/Erik De Castro, file) MANILA/DHAKA -- Bangladesh would consider an out-of-court ...

MPIC net earnings grow 27% to P3.8 billion
philstar.com - 2018-05-04
MANILA, Philippines ... in Beacon Electric Asset Holdings Inc. last year, robust traffic growth on all domestic roads, and steady volume growth coupled with inflationary tariff increase in Maynilad Water Service Inc. "Our earnings growth demonstrates ...

Demand for solar power on the rise
The Hans India - 2018-05-04
Similarly, BVC College of Engineering at Odalarevu ... According to East Godavari NREDCAP (New and Renewable Energy Development Corporation of AP) district manger G Satyanarayana, these instructions would get 20 percent subsidy on cost of installations.

Katie Ford on why we should talk about human trafficking
philstar.com - 2018-05-03
But the Fords thought it was natural to protect their talents -- which turned out to be a good business move on both ends and has been the standard ever since. Katie took over the business in 1995 and guided models from 50 countries, all young ...

Manulife's LTC Exposure Less Onerous Than Unum's
TheStreet.com - 2018-05-03
Not all insurers with long-term care exposure are telling the same, worrying story to investors. In fact, Toronto-based Manulife Financial Corp. (MFC) is confident it is not in the same position as its U.S. peers. The company reported solid quarterly ...

Bangladesh open to out-of-court settlement over $81 million cyber heist
Business Insider - 2018-05-03
MANILA/DHAKA (Reuters) - Bangladesh would consider an out-of-court settlement with a bank in the Philippines over $81 million stolen from its accounts in New York by hackers who wired the money to Manila, Bangladesh central bank officials said on Thursday.

Aboitiz Equity Ventures income rises 3% in Q1
BusinessWorld - 2018-05-03
ABOITIZ Equity Ventures, Inc. (AEV) reported a 3% increase in first quarter consolidated net income to P4.8 billion despite its power business, the biggest contributor to the holding firm, reporting lower profit during the period. AEV told the stock ...

PLDT appeal on regularization of contractuals denied
BusinessWorld - 2018-05-03
Found to be labor-only contractors by DoLE and ordered to cease and desist from further engaging in contracting activities were Activeone Health, Inc.; Aremay Enterprise; BBS-VPN Allied Services Corp. Philippines; Best Options Assistance, Inc; Comworks ...

BPI raises P50 billion from stock rights offering
BusinessWorld - 2018-05-03
BANK OF THE Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a disclosure to the local bourse on Wednesday, the Ayala-led BPI said it has completed its rights ...

IFC looks to issue first peso-denominated green bonds
BusinessWorld - 2018-05-03
"There is large unmet demand for corporate bonds among domestic institutional investors, so issuers have little interest in incurring the additional costs for green issues when they will be able to place non-green issues without difficulty." The ...

Crown Asia to supply pipes for CALAX project
BusinessWorld - 2018-05-03
"Crown Pipes was subjected to consistent and stringent testing from MPCALA and DMCI (Consunji, Inc.) and will continue to be a preferred brand of high-impact infrastructure projects," the company said. MPCALA Holdings, which is part of Metro Pacific ...

ABS-CBN, GMA claim TV ratings lead in April
BusinessWorld - 2018-05-03
ABS-CBN Corp. and GMA Network, Inc. both claimed lead nationwide ratings for April. In a statement, Lopez-led ABS-CBN cited data provided by Kantar Media showing it had an average audience share of 45% in April, while GMA had 33% share. GMA, in a separate ...

ATI allots P8-B capex for 2018
BusinessMirror - 2018-05-03
ASIAN Terminals Inc. (ATI) has set an P8-billion capital- expenditure (capex) program for 2018 as it undertakes capacity buildup initiatives to further drive growth in the ports it operates. In a statement, the company said it is using the amount to ...

MPIC income up 16 percent to P3.6B in Q1
BusinessMirror - 2018-05-03
CONGLOMERATE Metro Pacific Investments Corp. (MPIC) said its net income rose 16 percent during the first three months of the year on higher performance of its major businesses from power, toll road and water, but said the government needs to give the ...

New high for five
BusinessMirror - 2018-05-03
During the launch, renowned race organizer JP Tuason mentioned that the first and last legs will be held at the Clark International Speedway, Pampanga, while the second leg will be grind out at Filinvest, Alabang--thus, bringing the motorsports experience ...

F2 Logistics forces do-or-die PSL title match vs Petron
Rappler - 2018-05-03
MANILA, Philippines - Reigning champion F2 Logistics refused to relinquish its throne as it crushed Petron, 25-17, 25-22, 25-19, in Game 2 and forged a winner-take-all battle in their Chooks to Go-Philippine Superliga (PSL) Grand Prix best-of-three ...

JaDine heats up Usep
Sun Star - 2018-05-03
The Revolution: The JaDine Concert PH Tour Live in Davao is brought by EKG Productions Inc., owned and operated by Mr. and Mrs. Emil and Kate Gayap. It is also co-presented by Phoenix Petroleum and Thai Royale Spa Philippines.

Asian Terminals sets P8-billion port expansion program
Rappler - 2018-05-03
MANILA, Philippines - Listed Asian Terminals Incorporated (ATI), the operator of the Manila South Harbor and the Batangas Container Terminal, is planning a multibillion ... and safer ports and logistics services to the country's supply chain," the ...

A new report says the Air Canada pilots complained of fatigue. Are pilots being pushed too far?
Inc. - 2018-05-03
It shows that the Air Canada plane came extremely close to a Philippine Airlines aircraft. You can see the Air Canada flight landing, aimed straight at the planes on the ground. It seems to come within feet -- some experts suggest the distance was as ...

Aboitiz Equity Ventures net income up by 3% in Q1 2018
Rappler - 2018-05-03
As for Republic Cement & Building Materials Incorporated, its contribution to AEV decreased 140% year-on-year, from a P202-million net income to a net loss of P82 million. This was mainly due to energy input costs which went up. AEV's infrastructure ...

To Save a Stadium for the Middle Class, Manila Advocates Used Preservation as a Tool
City Limits - 2018-05-03
The assistant professor at the Asian Institute of Tourism in the University of the Philippines was referring ... But Atienza, who studied architecture in college, would hear nothing of it. The conservative Catholic said the Jai Alai building - originally ...

SM City Urdaneta Central opens in Pangasinan on May 4
Rappler - 2018-05-03
SM Prime noted that aside from being the 3rd largest province in the country, Pangasinan also benefits from the influx of tourists heading to Northern Luzon through the Tarlac-Pangasinan-La Union Expressway (TPLEX). "Given this strategic location as ...

Petron goes for kill; F2 eyes to stop Bell
philstar.com - 2018-05-03
MANILA, Philippines - Pride and glory are at stake in the Chooks to Go-Philippine Superliga Grand Prix best-of-three finals between Petron and F2 Logistics. With one Grand Prix title apiece, both Petron and F2 Logistics are seeking to match the two ...

Philippines stocks lower at close of trade; PSEi Composite down 2.60%
Investing.com - 2018-05-03
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 128 to 50 and 52 ended unchanged. Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 52-week lows; falling 6.94% or 4.700 to 63.000. Shares in GT Capital Holdings Inc (PS ...

AEV first-quarter profit inches up by 3%
BusinessWorld - 2018-05-03
Power accounted for 64% of total income contributions, followed by Banking & Financial Services (30%), Food (6%), Land (1%), and Infrastructure (-2%). "Our diversified portfolio gives us the resilience to sail through varying business cycles. The ...

Rising gas, food prices seen to push PH inflation faster
Rappler - 2018-05-03
"In addition, higher electricity rates in Meralco (Manila Electric Company)-serviced areas as well as higher rice prices due to supply conditions could contribute to additional price pressures," the central bank added. - Rappler.com

BPI raises P50 billion from stock rights offer
BusinessWorld - 2018-05-03
Bank of the Philippine Islands has set the final terms for its rights offer. -- AFP Bank of the Philippine Islands (BPI) has completed its stock rights offer (SRO), raising P50 billion to fund its business operations and expansion. In a disclosure to the ...

The Billion-Dollar Bank Job
The New York Times - 2018-05-03
Beginning on Thursday afternoon, New York time, when the Fed had received a total of 70 fraudulent payment orders to four bank accounts in the Philippines and one in ... a $20 million deposit for the Shalika Foundation, an agricultural NGO in Sri Lanka ...

Stocks back in red on regional weakness
philstar.com - 2018-05-03
Another decliner was GT Capital, which fell to three-years lows to P1,000. The best performers of the session were International Container Terminal Services Inc., which rose by 2.78 percent to P86.950 after announcing that it is ready to participate in the ...

Casino just an 'amenity' of Boracay resort project, Rep. Benitez says
philstar.com - 2018-05-03
Rep. Alfredo Benitez (Negros Occidental), founder of listed gaming company Leisure and Resorts World Corp., the local partner of Macau-based Galaxy Entertainment Group, said no construction is being done on land in Barangay Manoc-Manoc that LRWC bought.

Petron guns for PSL crown vs F2 Logistics
Manila Standard Today - 2018-05-02
PETRON essays a fitting climax to its championship journey when it clashes with F2 Logistics in Game 2 of their Chooks to Go-Philippine Superliga best-of-three finals series today (Thursday) at the Filoil Flying V Centre. Action starts at 7 p.m. with the ...

A reminder of the atrocities of war
thestandard.com.ph - 2018-05-02
Perceptions of rape in war changed in the 20th century. It is no longer seen as something inevitable ... Duterte said that the statue should be placed on private property where its presence cannot be perceived as an insult to Japan. Where is the statue ...

Security Bank posts lower Q1 net income
BusinessWorld - 2018-05-02
Security guards stand on duty at a branch of Security Bank in Manila in this file photo taken on January 14, 2016 . -- AFP SECURITY BANK Corp. posted a lower net income in the first quarter due to lower trading gains and higher provision for income tax.

Consumer financial services at a crossroads: Auto finance
JD Supra - 2018-05-02
Notably, the CFPB issued rules for large nonbank auto finance companies, as well as amended its Supervision ... Attorney Gen. Office, AG Healey Sues Auto Dealer JD Byrider for Predatory Sales and Loan Practices (Sept. 26, 2017), http://www.mass.gov/ago ...

Factory activity picks up in April
BusinessWorld - 2018-05-02
Union Bank of the Philippines Chief Economist Ruben Carlo O. Asuncion, meanwhile, said that "this is also the validation of the business optimism prevalent since the last part of the first quarter." "Although the new taxes somehow dampened production ...

8990 Holdings posts double-digit income growth in 2017
BusinessWorld - 2018-05-02
8990 HOLDINGS, Inc. delivered a double-digit growth in profit last year on the back of higher revenues and improved margins. In a disclosure to the stock exchange, the mass housing developer reported that consolidated net income grew 16% year on year to P4 ...

Anchor Land net profit hits P620M
BusinessWorld - 2018-05-02
ANCHOR Land Holdings, Inc. reported an 11% increase in profit in 2017, driven by higher real estate sales and increased rental income. In a regulatory filing, Anchor Land said its net income stood at P620.05 million as of end-2017, compared to the previous ...

Cirtek income plunged in 2017, dragged by subsidiary in US
BusinessMirror - 2018-05-02
Cirtek Electronics Corp. reached net sales of $43.4 million, while Cirtek Advanced Technologies and Solutions Inc. had sales of $26.7 million. CEC booked a net profit of $2.5 million, and Catsi posted a net profit of $8 million. The BusinessMirror provides ...

DFNN income jumped sixfolds in 2017
BusinessMirror - 2018-05-02
DFNN Inc., a firm that operates gambling kiosks and supplies software solutions to other firms, said its net income jumped six folds last year as a result of more deployment of gaming machines. The company said its profits rose P144.77 million for the ...

Delays hit supercritical coal power plant
BusinessMirror - 2018-05-02
The senior-term loan lenders were BDO Unibank Inc.; China Banking Corp. (China Bank); Metropolitan Bank & Trust Co. (Metrobank); Philippine National Bank (PNB); and Rizal Commercial Banking Corp. (RCBC). BDO Unibank - Trust and Investments Group served ...

Malbec World Day 2018: Beyond creativity, imagination
BusinessMirror - 2018-05-02
Modelled from France, the initiative proposed adding a new grape variety to enhance the national wine industry ... the Provincial Legislature to establish a Quinta Normal and Agricultural School. This was approved by the House of Representatives on ...

Viva Europa 2018: Historic ties, cultures celebrated
BusinessMirror - 2018-05-02
Promoting European musical heritage is the FEUropa, a nationwide choir competition which is now on its 10th year, organized by the Far Eastern University (FEU) with the support of the EU Delegation and the Embassy of Spain. It will take place on May 26 and 27.

Petron guns for PSL crown vs F2 Logistics
thestandard.com.ph - 2018-05-02
PETRON essays a fitting climax to its championship journey when it clashes with F2 Logistics in Game 2 of their Chooks to Go-Philippine Superliga best-of-three finals series today (Thursday) at the Filoil Flying V Centre. Action starts at 7 p.m. with the ...

Initao rural bank shut down by BSP
BusinessWorld - 2018-05-02
The Philippine Deposit Insurance Corp. (PDIC ... following the fate of the Batangas-based Empire Rural Bank and the Rural Bank of Loreto, Inc. in the Dinagat Islands. -- Melissa Luz T. Lopez

Changing lives, one pair of slippers at a time
Sun Star - 2018-05-02
Dumalagan was a Reserved Officers Training Corps (ROTC) cadet officer in college, and this paved the way for him to join the Armed Forces of the Philippines ... the country to enjoy the privilege of free education," saying "education is the solution ...