SE Asia Stocks-Malaysia, Philippines drop 1 pct; Thailand bounces back in late trade
Reuters - 2018-05-02
* Malaysia, Philippines snap 3 sessions of gains * Indonesia rises for third straight session * Vietnam falls 2 pct, 4th session of fall in 7 By Sumeet Gaikwad May 2 (Reuters) - Malaysian and Philippine shares fell 1 percent each and snapped three straight ...

How tourism helps an island in Davao
CNN Philippines - 2018-05-02
Manila (CNN Philippines Life ... Davao Del Norte State College, and Barangay Adecor in order to promote biodiversity conservation and to give livelihood to the community. "[The locals] guard the project, they manage it, they are the ones who look ...

Petron Blaze Spikers look to complete finals payback
BusinessWorld - 2018-05-02
THE Petron Blaze Spikers seek to complete exorcising their finals failure last season as they go for the closeout win today in their best-of-three Philippine Superliga (PSL) Grand Prix series with defending champions F2 Logistics Cargo Movers. Fashioned ...

Four lessons on funding social enterprises
BusinessWorld - 2018-05-02
Just like when choosing life partners, both parties must align their values and ... Research Network of the Center for Business Research and Development at De La Salle University.

IDC income almost doubled in 2017
BusinessMirror - 2018-05-02
ITALPINAS Development Corp. (IDC), a boutique developer of mostly green buildings in second-tier cities, said its net income grew 87 percent last year to P59.89 million, from P32 million in 2016 as the company was able to meet its target sales, despite its ...

Smart, YouTube team up to connect Filipinos to the world of video - 2018-05-02
This service is something every Filipino should have access to," said Oscar A. Reyes, Jr., SVP of Consumer Business Market Development for PLDT and Smart. Oscar A. Reyes, Jr., SVP of Consumer Business Market Development for PLDT and Smart and Ken Lingan ...

Alvarez says gov't must work harder to educate Filipinos on charter change
Rappler - 2018-05-02
The President had argued that federalism would decentralize power and wealth away from "Imperial Manila" and further empower ... by giving the regions greater leeway in terms of powers and resources, we can unleash their potential to contribute to overall ...

Unity game engine learning center launched in PH by Unity, ArthaLand
Rappler - 2018-05-02
MANILA, Philippines - Real estate company, ArthaLand ... The program will operate out of the recently-launched ArthaLand Century Pacific Tower, located at Bonifacio Global City (BGC), Taguig. "The CREATOR Center of Excellence will future-proof the ...

Philippines stocks lower at close of trade; PSEi Composite down 1.06% - 2018-05-02 - Philippines stocks were lower after the close on Wednesday, as losses in the Holding Firms, Services and Mining & Oil sectors led shares lower. At the close in Philippines, the PSEi Composite declined 1.06%. Rising stocks outnumbered ...

ISM Communications to sell treasury shares worth P560 million
BusinessWorld - 2018-05-02
ISM Communications Corp. is selling treasury shares to finance possible investments. In a disclosure to the stock exchange on Wednesday, May 2, ISM said its board of directors approved the sale of 560 million treasury shares to wholly-owned subsidiary ISM ...

8990 Holdings posts 16% profit growth
BusinessWorld - 2018-05-02
8990 Holdings, Inc. delivered a double-digit growth in income 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 ...

PLDT, Smart advise customers of slow internet over cable problem
CNN Philippines - 2018-05-02
Metro Manila (CNN Philippines, May 2) -- PLDT and wholly-owned subsidiary Smart Communications apologized to its customers for the slow internet connection, citing cable issues. The telco said its undersea cable -- which links the Philippines to Hong ...

Delays pushing the cost of Redondo power plant higher - 2018-05-02
Doosan Heavy Industries & Construction Co. Ltd. revised significantly higher the engineering, procurement and construction contract cost for the power plant, according to Meralco PowerGen Corp. president Rogelio Singson. Redondo Peninsula, a joint venture ...

Jobless ranks swelling--SWS; So are part-timers--think tank
Manila Standard Today - 2018-05-02
Militants from different labor sectors carry placards and effigies during their march toward Don Chino Roces Avenue near San Beda University and Centro Escolar University to meet with other groups celebrating International Labor Day. Norman Cruz ...

iQor Philippines selects FWD Life as group insurance provider - 2018-05-02
MANILA, Philippines -- Customer care provider iQor Philippines recently signed up with Pan-Asian insurer FWD Life Insurance to provide its group insurance needs. With FWD Corporate Care, iQor employees will have adequate life insurance coverage.

Economic Times - 2018-05-02
India's defence spending rose by 5.5% to $63.9 billion in 2017 and has now passed France, the Stockholm International Peace Research Institute said. Currently, the think tank does not include global internet firms such as Amazon, Facebook, Google and Uber ...

Petron rallies to steal PSL Grand Prix finals opener; Foton bags bronze
Rappler - 2018-05-01
University of the Philippine stars Tots Carlos and Isa Molde joined late in the season to power them past Sta. Lucia Realty in the quarterfinals. Despite the inclusion of National University stalwart Jaja Santiago, Foton still lost to F2 Logistics in the ...

LBC Express raising P1.5b from sale of shares in June
Manila Standard Today - 2018-05-01
Logistics company LBC Express Holdings Inc. plans to raise P1.5 billion from a follow-on offering in June. LBC Express said in a registration statement filed with the Securities and Exchange Commission it would sell up to 10 million primary shares and 59.1 ...

LBC Express raising P1.5b from sale of shares in June
Manila Standard Today - 2018-05-01
Logistics company LBC Express Holdings Inc. plans to raise P1.5 billion from a follow-on offering in June. LBC Express said in a registration statement filed with the Securities and Exchange Commission it would sell up to 10 million primary shares and 59.1 ...

Phinma mulling over off-grid solar projects
Manila Standard Today - 2018-05-01
Phinma Energy Corp., a unit of the Phinma Group, is exploring opportunities in off-grid solar applications as part of a diversification strategy. Phinma Energy said the company would engage in solar power generation and develop retail products through ...

RCBC rolls out first-of-its-kind peso currency in digital format - 2018-05-01
The Rizal Commercial Banking Corporation (RCBC) is setting its sights on digital technologies, including tools for cashless transactions, for greater inclusion among Filipinos, especially with 80 to 90 percent of them still unbanked and living in far-flung ...

Economic forum to focus on disruption
BusinessWorld - 2018-05-01
Bangko Sentral ng Pilipinas Managing Director Pia Bernadette Roman-Tayag, Union Bank of the Philippines President and CEO Edwin R. Bautista, Accenture, Inc. (Philippines) Country Managing Director Lito Tayag, and Adobomall Creator and CEO Walt Steven Young ...

MPCALA expects DPWH approval for CTBEx by June
BusinessWorld - 2018-05-01
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has interest in ...

ATI declares P900-M cash dividend
BusinessWorld - 2018-05-01
ASIAN Terminals Inc. (ATI) declared a P900-million cash dividend, equivalent to 45 centavos per share, following a "solid" performance last year. The company reported a 14.6% increase in revenue to P10.6 billion in 2017 from P9.2 billion the previous year.

Smart: Quezon City network upgrade to be completed this month
BusinessWorld - 2018-05-01
SMART Communications, Inc. said Quezon City residents can expect better mobile Internet services as the company is on track to complete its network upgrade in the city. In a statement, the wireless subsidiary of PLDT, Inc. said it is set to finish the ...

Revolution Precrafted bags deal to operate in Mexico, Pampanga
BusinessMirror - 2018-05-01
Antonio, who is also a managing director at listed firm Century Properties Group Inc., said the company will help the merchant set up their food and beverage business within Flavorscapes area, guiding them every step of the way in growing their business.

Petron eyes building 200 more service stations in 2018
BusinessMirror - 2018-05-01
While 36.8 percent of the market recorded last year was distributed among other players such as PTT Philippine Corp. (PTTPC), Total Philippines, Seaoil Corp., TWA, Phoenix Petroleum Philippines Inc., Liquigaz, Petronas, Prycegas, Micro Dragon, Unioil ...

The audit committee and the CEO
BusinessMirror - 2018-05-01
Soberano III--president and CEO, CLI; Marivic Espano--chairman and CEO, P & A Grant Thornton; Roberto Manabat--member, audit committee, ICD and chairman emeritus, KPMG R G Manabat & Co.; and Wilfredo Paras--independent director, Philex Mining.

PHL receives $185.7-M investment pledges from Singapore companies
BusinessMirror - 2018-05-01
SINGAPORE--The Philippines continues to be an investment destination for Singaporean companies as $185.7 million worth of investment pledges providing 1,920 job opportunities were signed at the sidelines of the 32nd Asean Summit on April 28. The ...

Revolutionizing industries with unity and the creator center of excellence
BusinessMirror - 2018-05-01
A live demonstration of Unity-developed programs was given the crowd by John Sietsma, Technical Evangelist for Australia and ... and provide a sustainable career to everyone enrolled in the program. "What we are doing is creating opportunities so that ...

Velez: May Day united
Sun Star - 2018-05-01
They said 80 percent of the companies are hiring contractual workers, and mostly through an agency. Major companies in the city such as Holcim Philippines only have 30 percent regular workers, Coca-Cola 40 percent. The multinational Dole Philippines ...

LBC Express raising P1.5b from sale of shares in June - 2018-05-01
Logistics company LBC Express Holdings Inc. plans to raise P1.5 billion from a follow-on offering in June. LBC Express said in a registration statement filed with the Securities and Exchange Commission it would sell up to 10 million primary shares and 59.1 ...

Power shortage expected to hit Luzon in 4 years - 2018-05-01
We probably need more plants in Western Visayas and Luzon," he said. Joseph Nocos, vice president for power development of Alsons Power Group, said a power shortage in the future "would depend on the timing of the entry of new plants, the retirement of ...

Meralco net income rose 10% to P5.3 billion in Q1
BusinessMirror - 2018-05-01
The Manila Electric Co. (Meralco) expects a "better" year after it announced on Monday it delivered "unusually strong sales" in the first three months of the year. "We are always hopeful," Meralco Chairman Manuel Pangilinan said. "First ...

Monorail pushed in lieu of LRT - 2018-05-01
CEBU, Philippines -- A transport consortium has offered a Monorail Transit (MRT) system as the perfect mass transport for Cebu because the technology is allegedly ... to Katipunan area, to P. del Rosario Street, to Zapatera, to Robinsons Galleria, to ...

Vargas to preside in SEAG Federation meet - 2018-04-30
Other key officers are director for operations Ed Picson, Philippine Sports Institute national training director Marc Velasco and PSC Bureau of Coordinating Services and Secretariat head Paul Ycasas and PSC deputy executive director Guillermo Yroy.

Cargo Movers, Blaze Spikers clash in Game One - 2018-04-30
MANILA, Philippines -- F2 Logistics and Petron slug it out in what promises to be another fierce showdown of powerhouse teams in the Chooks to Go-Philippine Superliga Finals with the former seeking a repeat and the latter itching for a payback.

Petron, F2 begin title showdown
Manila Standard Today - 2018-04-30
THE thrilling rivalry between two of the best club teams in the country - F2 Logistics and Petron - intensifies as they kick off their Chooks to Go-Philippine Superliga Grand Prix best-of-three finals series today at the Smart Araneta Coliseum.

Ayala unit completes purchase of 96% of NTC
Manila Standard Today - 2018-04-30
NTC, located in the University Belt in Manila, was founded in 1928 as the first school in the country to offer General Education leading to a Bachelor of Science in Education ... Laguna and Malayan Colleges Mindanao.

Stocks jump; MPIC, Bloomberry up
Manila Standard Today - 2018-04-30
Casino operator Bloomberry Resorts Corp. gained 2.3 percent to P12.30, while PLDT Inc., the biggest telecommunications company, climbed 2 percent to P1,463. Hong Kong, meanwhile, led a rally across most Asian markets on Monday as traders brushed off a ...

Universal Robina earnings drop 12% in 1 st quarter
BusinessWorld - 2018-04-30
Gokongwei, who will now take on the position of chairman. URC is the consumer arm of JG Summit Holdings, Inc., which also has core interests in air transportation, property development and hotel management, banking, and petrochemicals.

Ayala gains control of National Teachers College
BusinessWorld - 2018-04-30
In a disclosure to the stock exchange on Monday, Ayala Corp.(AC) said wholly owned subsidiary AC Education, Inc. (AEI) "assumed ownership of approximately 96% of the outstanding voting shares and 88% of the total outstanding shares of National Teachers ...

UnionBank Q1 income up
BusinessWorld - 2018-04-30
UNIONBANK of the Philippines saw its net profit climb 31.8% in the first quarter. UNIONBANK of the Philippines (UnionBank) saw its net income surge in the first quarter of the year as it sustained double-digit growth in its businesses. In a disclosure ...

Unum At Risk of LTC Charge This Year, While Reserve Regulations Aid Manulife - 2018-04-30
Long-term care exposure is a growing concern for investors of insurance and financial service provider Manulife Financial Corp. (MFC) and insurance company Unum Group (UNM) , both of which report earnings this week, as the liabilities pose a risk to profits.

Pricier gas and diesel on Tuesday as oil firms hike fuel pump price
BusinessMirror - 2018-04-30
Other oil companies that announced their price adjustment are PTT, Phoenix Petroleum, Eastern Petroleum and Total Philippines. Other oil firms are expected to follow suit. Last week the price of gasoline went up by P0.40 per liter, diesel by P0.65 per ...

Inflation accelerates in Q1 for low-income households -- PSA
BusinessWorld - 2018-04-30
Asuncion, chief economist at the Union Bank of the Philippines, said. Still, the economist noted that "[d]efinitely, they are not at an advantage" with regard to the price upticks seen in necessities such as utilities and food. "I hope the safety ...

IN NUMBERS: What you need to know about the Philippine labor sector
Rappler - 2018-04-30
According to the PSA, work under this group involves "simple and routine tasks which may ... They also typically lack social protection such as those provided by the Social Security System (SSS) and Philippine Health Insurance Corporation (PhilHealth).

FDC, Keppel Singapore sign agreement for sustainable urbanization in PHL
BusinessMirror - 2018-04-30
GOTIANUN-LED Filinvest Development Corp. (FDC) on Monday said it signed a non-binding agreement with Singapore firm Keppel Corp. Ltd. for the development of what it called solutions for sustainable urbanization in the Philippines. The memorandum of ...

URC income fell in Q1 to P3 billion on weak sales due to new taxes
BusinessMirror - 2018-04-30
UNIVERSAL Robina Corp. (URC), the food group of the Gokongwei family, said its income fell 12 percent in the three months of the year as revenues were flat on weaker sales on its home market. The company said its net income for the period slid to P3 ...

URC net income slides further in Q1 2018
Rappler - 2018-04-30
MANILA, Philippines - Gokongwei-led food manufacturer Universal Robina Corporation (URC) saw its recent slide in net income continue in the 1st quarter of 2018, as a weak peso and inflation took a toll on domestic sales. In a disclosure to the Philippine ...