ABS-CBN to close remittance biz in US, Canada, Britain
BusinessMirror - 2018-04-24
MULTIMEDIA conglomerate ABS-CBN Corp. is folding down its remittance businesses in the United States, Canada and the United Kingdom, following a P16.18-million loss during their operations. In a disclosure to the stock exchange, the Lopez-led company said ...

Gas prices up again
philstar.com - 2018-04-24
Eastern Petroleum, Flying V, Pilipinas Shell Petroleum Corp., PTT Philippines Corp. and Seaoil Philippines Inc. implemented their respective price adjustments at 6 a.m. UniOil Petroleum Philippines Inc. said its price hike on gasoline and diesel products ...

Most Filipinos worry about workers' pay, inflation - Pulse Asia
Rappler - 2018-04-24
increase in the power rates of the Manila Electric Company; the increase in oil prices; and the 5.85% decline in the Philippine Stock Exchnage index for March. The survey was conducted from March 23-28 using face-to-face interviews with 1,200 respondents.

More than 10K jobs available on Labor Day
Philippine Information Agency - 2018-04-24
Top local job vacancies are in the construction industry from EEI Corporation (2,860 positions), Arriba Telecontact, Inc. (303), retail/services of Southern Arms Corporation (225), Philippine Call Center Institute (200), and services of Josepheans ...

ABS-CBN to shut down remittance operations
Manila Standard Today - 2018-04-23
Broadcast network ABS-CBN Corp. said Monday it will shut down its remittance business in the United States, Canada and the United Kingdom by the end of June because of significant losses. ABS-CBN said in a disclosure to the stock exchange units ABS-CBN ...

ABS-CBN to shut down remittance operations
Manila Standard Today - 2018-04-23
Broadcast network ABS-CBN Corp. said Monday it will shut down its remittance business in the United States, Canada and the United Kingdom by the end of June because of significant losses. ABS-CBN said in a disclosure to the stock exchange units ABS-CBN ...

Holcim PH appoints Stull as new CEO
Manila Standard Today - 2018-04-23
Holcim Philippines Inc. has appointed John William Stull as new president and chief executive effective immediately, the company said in a disclosure to the stock exchange Monday Stull succeeded Sapna Sood who resigned from HPI as director, CEO and president.

Georgia Plots Ambitious Course to Cyber Supremacy
Government Technology - 2018-04-23
Huntsville, already known for having more than a third of its residents holding advanced degrees ... year to develop a cyber ecosystem strategy for metro Augusta's chief military liaison, the CSRA Alliance for Fort Gordon. The alliance's seven-county ...

RCBC sells senior notes
BusinessWorld - 2018-04-23
RIZAL Commercial Banking Corp. (RCBC) will offer a second tranche of its unsecured fixed rate notes worth $150 million this week under its medium-term note facility. In a disclosure to the local stock exchange on Monday, RCBC said it has "reopened its $ ...

Cebuano firms recognized at Family Business awards
philstar.com - 2018-04-23
The award-giving body is a joint undertaking of the Ateneo de Manila University, through its Family Business Development ... others to pursue their dream of entrepreneurship and a better life for all Filipinos," Bunny said. Laguna's chef Raki Urbina ...

Courtyard Iloilo hotel hopes to attract business travel market
BusinessWorld - 2018-04-23
WESTERN VISAYAS will get its first international hotel brand when the Courtyard by Marriott opens at Iloilo Business Park, Iloilo City in May. Offering 326 rooms in its 15-storey building, Courtyard Iloilo will be the biggest hotel in the city. The new ...

ICTSI South Pacific inks agreements with labor unions
BusinessWorld - 2018-04-23
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said its units have signed agreements with Papua New Guinea Maritime Transport Workers Union (PNG MTWU), ahead of the opening of its Motukea International Terminal in Port Moresby, Papua New Guinea in ...

Lenders, e-money issuers set up InstaPay platform
BusinessWorld - 2018-04-23
The Asia United Bank, BDO Unibank, Inc., China Banking Corp., China Bank Savings, Equicom Savings Bank, Security Bank Corp., and UnionBank of the Philippines currently offer real-time sending and receiving services to its customers as of yesterday.

Prices of petroleum products up
Sun Star - 2018-04-23
THREE major oil companies - Caltex, Petron and Shell - have increased the prices of their premium and diesel liquid petroleum products (LPP) according to the data given by the Department of Energy (DOE). Premium gasoline now costs P48.62 per liter ...

Another round of oil-price hike
BusinessMirror - 2018-04-23
Gasoline prices will go up by P0.40 per liter, diesel by P0.65 per liter and kerosene by P0.65 per liter. Seaoil, Phoenix Petroleum, PTT Philippines and Eastern Petroleum will implement their respective price adjustments at 6 a.m. on April 24. Other oil ...

AEV more than doubles capex to P77B this year
BusinessMirror - 2018-04-23
"About P60 billion of the capex is for power [Aboitiz Power Corp.]. The rest...there are three that are more or less the same from last year--cement [Republic Cement] and land [AboitizLand], which will be about P4 billion to P5 billion each. And then ...

Stocks slip; BDO, Megawide drop
thestandard.com.ph - 2018-04-23
Losers beat gainers, 103 to 88, with 57 issues unchanged. BDO Unibank Inc., the largest lender in terms of assets, lost 2.3 percent to P130.90, while Megawide Construction Corp., which is finishing the expansion of the Mactan-Cebu International Airport in ...

Stocks edge down as investors look for fresh leads
BusinessWorld - 2018-04-23
Ayala-led Prime Orion Philippines, Inc. was among the top gainers for the day, advancing 5.26% to P3.60 each. Other gainers were Metropolitan Bank & Trust Co., which added 1.99% to P84.55 each, and Bank of the Philippine Islands which rose 1.89% to P108 each.

ABS-CBN to shut down remittance operations
thestandard.com.ph - 2018-04-23
Broadcast network ABS-CBN Corp. said Monday it will shut down its remittance business in the United States, Canada and the United Kingdom by the end of June because of significant losses. ABS-CBN said in a disclosure to the stock exchange units ABS-CBN ...

Cargo Movers, Blaze Spikers open semis bids
BusinessMirror - 2018-04-23
Aside from Santiago, college stars Diana Carlos and Isa Molde of University of the Philippines would also be around as well as imports Elizabeth Wendel and Channon Thompson, the Trinidad and Tobago national team standout who is slowly developing her ...

PSL Grand Prix semifinal round begins
BusinessWorld - 2018-04-23
The defending PSL Grand Prix champions F2 Logistics Cargo Movers open their best-of-three semifinal ... her National University team was booted out in the University Athletic Association of the Philippines wars. "We should want it more than them.

Best retail bank
thestandard.com.ph - 2018-04-23
SBC is recognized for its BetterBanking campaign which focuses on building its retail banking business. SBC executives receive the award from representatives of The Asian Banker.

Smart Benefits: CMS Releases HHS Notice of Benefit & Payment Parameters for 2019
GoLocalProv - 2018-04-23
This news was the latest that week coming out of Alex and Ani, as, "Model, entrepreneur and activist Gisele B√ľndchen, co-anchor of Good Morning America Robin Roberts ... over $164,000 went to United Site Services NE Inc., a Massachusetts-based company ...

Sugar prices high, Yulo says
The Visayan Daily Star - 2018-04-23
Yulo said the Sugar Board denied the request of Pepsi-Cola Products Philippines Inc. to reclassify their imported HFCS from B disposal to be sold to alcohol fermentors in Negros Occidental, although it was not a unanimous vote. "We revert to the original ...

NTC cancels registration of Globe content provider for missing load
thestandard.com.ph - 2018-04-23
The National Telecommunications Commission revoked the certificate of registration of Got Deals Mobile Inc., a mobile content provider for Globe Telecom Inc., following an investigation into a complaint lodged by a netizen on alleged theft of prepaid load.

Meralco a step closer to bagging Ghana power deal
Rappler - 2018-04-22
MANILA, Philippines - Manila Electric Company (Meralco), the Philippines' largest power distributor, is one step closer to operating and managing a public electricity distributor in Ghana, after the Millennium Development Authority (MiDA) formally ...

Only 6 of 110 Boracay establishments have fire-safety permits, DILG says
BusinessMirror - 2018-04-22
In a belated response, meanwhile, DMCI Homes said it "built Alta Vista de Boracay faithfully complying with ... Aklan and development permit by the Housing and Land Use Regulatory Board." DMCI Homes said it has replied to the show cause order issued ...

Industries post slower earnings growth in Q4
BusinessMirror - 2018-04-22
According to the Philippine Statistics Authority, the real-estate sector recorded the fastest growth in ... Data was also obtained from the National Power Corp.; Manila Electric Co.; Manila Water Co. Inc. and Maynilad Water Services Inc. The sectoral ...

SREC breaks ground for hybrid-power plant in Palawan
BusinessMirror - 2018-04-22
SREC, a Department of Energy-registered renewable energy (RE) developer composed of WEnergy Global, Gigawatt Power Inc. and Vivant Corp., aims to provide households and businesses in Barangay Cabayugan with 24/7 electricity. "The solar PV/battery system ...

Conglomerates eye neighboring markets to expand education business
BusinessWorld - 2018-04-22
Since entering the education business in 2014, AEI has established a chain of private high schools under the brand Affordable Private Education Center (APEC) and acquired University of Nueva Caceres in Bicol and National Teachers College in Manila.

The power of storytelling
BusinessMirror - 2018-04-22
Bong R. Osorio is a communications consultant of ABS-CBN Corp., SkyCable, Dentsu-Aegis Network and government projects, among others, after retiring as vice president and head of the Corporate Communications Division of ABS-CBN.

Ayala mulls more projects in transport infrastructure
BusinessWorld - 2018-04-22
AYALA CORP. (AC) is coming forward with more unsolicited proposals on transport infrastructure, as its energy subsidiary eyes expansion beyond Southeast Asia. "We are looking at one or two other (airport) opportunities outside (Ninoy Aquino International ...

Aboitiz allocates P77B for capex
BusinessWorld - 2018-04-22
ABOITIZ EQUITY Ventures, Inc. (AEV) has allocated P77 billion for its capital expenditure program this year, after spending less than what it initially budgeted in 2017 due to the delay of some projects. AEV Chief Financial Officer Manuel R. Lozano ...

MPIC proposes tollway project in Malaysia
BusinessWorld - 2018-04-22
MPIC is one of three key Philippine units of Hong-Kong based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority ...

Filinvest Land keeps capex steady in 2018
BusinessWorld - 2018-04-22
Meanwhile, the Filinvest group will be spending some P6-8 billion in the next two years for the development of Clark Mimosa, a mixed-use estate located beside ... license from state-run Philippine Amusement and Gaming Corp. to build the Clark casino ...

Globe plans to make GCash available in China
BusinessWorld - 2018-04-22
GLOBE TELECOM, Inc. eyes to make its cashless payment system available in countries where Chinese mobile payment platform Alipay (Ant Financial Services Group) is used. Globe President and CEO Ernest L. Cu said they plan to make the GCash QR code system ...

Government debt yields end flat as market searches for new leads
BusinessWorld - 2018-04-22
YIELDS ON government securities (GS) moved sideways last week as investors remain on the lookout for fresh leads amid lack of clear direction for a rate hike next month. GS yields rose by an average of 1.67 basis points (bps) week on week, data from the ...

Globe works to make GCash compatible with Alipay
Rappler - 2018-04-22
Founded by Chinese tech icon Jack Ma, Ant Financial invested in Mynt last year, turning it into a joint venture along with Globe and the telco's parent firm, Ayala Corporation. GCash to go global soon At the same time, Globe CEO Ernest Cu said the telco is ...

DoTr studying Cavite province proposal for Sangley airport
BusinessWorld - 2018-04-22
The government has yet to evaluate the two proposals for the rehabilitation of the Ninoy Aquino International Airport (NAIA).The consortium of conglomerates Aboitiz Infra Capital, Inc., AC Infrastructure Holdings Corp., Alliance Global Group, Inc., AEDC ...

Colleges in Krishna embrace green energy, go solar
The Hindu - 2018-04-22
While the Modi government at ... of P.V.P. Siddhartha Institute of Technology, which has taken the clean energy route to power its sprawling campus and meet the energy demands. Its sister concern, V.R. Siddhartha Engineering College (150 kW), has also ...

BIR ordered to halt tax case vs mining firm
BusinessWorld - 2018-04-22
THE BUREAU of Internal Revenue (BIR) has been ordered to drop a P46,461,056.54 tax deficiency case against mining firm Lepanto Consolidated Mining Company. A 22-page decision penned by Court of Tax Appeals Third Division Associate Justice Ma. Belen M.

Journalist among over 2 dozens killed in Nicaragua unrest
Sun Star - 2018-04-22
Besides Gahona, at least 25 others have been killed since Wednesday, April 18, in unrest over social security reforms planned by President Daniel Ortega's government, according to a human rights group. Dozens more have been injured or arrested. Ortega said ...

Cocolife ready to take next step
thestandard.com.ph - 2018-04-21
WHILE previous conferences of the Philippine Superliga have been dominated by Foton, Petron and F2 Logistics, the Cocolife Assets Managers are ready to take the next step.Cocolife takes on Petron in the best-of-three semifinals of the Chooks to Go ...

Cop shoots truck driver
The Visayan Daily Star - 2018-04-21
The bullet also hit the windshield of the canter truck owned by the Columbia Marketing. Gohee said Agonace was apprehended near the 7-Eleven convenience store at the Homesite area when a flash alarmed on the incident was sent to all police stations.

$30-billion Philippine stock rout draws domestic fund buying
BusinessMirror - 2018-04-21
Fund managers at Bank of the Philippine Islands and Rizal Commercial Banking Corp. added to holdings of domestic stocks ... His acquisitions included JG Summit Holdings Inc. and Ayala Land Inc., two of the top 10 decliners on the benchmark on Thursday.

Fresh IT grads still one of highest paid among new PH jobseekers
newsbytes.ph - 2018-04-21
Things also looked up for new engineering graduates. Like IT, engineering was also one of the top fields of specialization that took in new college graduates in 2017. De La Salle University (DLSU), Polytechnic University of the Philippines (PUP ...

Ayala Group expanding international portfolio
philstar.com - 2018-04-21
For the global expansion, the conglomerate will expand in the area of electronics and automotive through AC Industrials, water through Manila Water, power through AC Energy and property through Ayala Land. AC industrial acquired manufacturing facilities in ...

Hotelier Hanky Lee is putting a little quirkiness and a lot of Filipino originality in his new properties.
philstar.com - 2018-04-21
Located on a 2.4-hectare beachfront property on Olango island off Mactan ... He rehabilitated the houses and installed period design elements such as Machuca tiles and mid-century modern-inspired chairs. The ambience is one of city oasis -- amid ...

Pag-IBIG offers new payment scheme for housing loan borrowers
Philippine Information Agency - 2018-04-21
For overseas payment, borrowers can directly pay to Philippine National Bank, Asia United Bank, iRemit and Ventaja International. Mamauag said upon payment of their housing loan amortizations, acknowledgement receipt or transaction receipt will be issued ...

SEC clears share sale of DoubleDragon worth P7.5-billion
Manila Standard Today - 2018-04-20
The Securities and Exchange Commission approved the P7.5-billion share sale of DoubleDragon Properties Inc. DoubleDragon, according to documents filed with the SEC, plans to sell up to 135 million common shares with an over allotment 15 million common ...