Hybrid power plant to rise in Puerto Princesa Subterranean River National Park
Rappler - 2018-04-25
SREC, a Department of Energy-registered renewable energy (RE) developer composed of WEnergy Global, Gigawatt Power Incorporated, and Vivant Corporation, aims to provide over 650 households and tourism establishments in Barangay Cabayugan with uninterrupted ...

Hybrid power plant to rise in Puerto Princesa Subterranean River National Park
Rappler - 2018-04-25
SREC, a Department of Energy-registered renewable energy (RE) developer composed of WEnergy Global, Gigawatt Power Incorporated, and Vivant Corporation, aims to provide over 650 households and tourism establishments in Barangay Cabayugan with uninterrupted ...

BDO to finance modern jeepneys
Rappler - 2018-04-25
MANILA, Philippines - Sy family-led BDO Unibank Incorporated announced plans to finance the creation of modern and safer jeepneys as the government's public utility vehicle (PUV) modernization program kicks into gear. The bank, under its unit BDO Leasing ...

Teching up real estate through Unity
BusinessMirror - 2018-04-25
ONE of my long-standing work passions is technology and how it affects my various sandboxes--from financial services, agriculture, health care, retail and, more recently, real estate ... its reach and turning to the Philippines for its large and young ...

Will Albee return to LRWC?
The Visayan Daily Star - 2018-04-25
Alfredo Abelardo "Albee" Benitez (Neg. Occ., 3 rd District) not run for public office in 2019 and instead return to heading his family-owned gaming business under Leisure and Resorts World Corp.? The question was raised yesterday after an article was ...

From SSS to Tourism: Who is Pompee La Viña?
Rappler - 2018-04-25
His appointment comes two months after he was sacked from his post at the Social Security System (SSS ... campaign and was also a member of the media central and communications group, according to his resumé online. (READ: Duterte's P10M social media ...

Philippines' SM Prime puts brakes on China expansion
Nikkei Asian Review - 2018-04-25
MANILA -- SM Prime Holdings, one of Southeast Asia's most valuable real estate developers, is slowing its expansion in China to focus on the Philippines where returns are more attractive, top company officials said on Tuesday. SM Prime has abandoned a plan ...

Philracom to upgrade IT system, website
Manila Standard Today - 2018-04-24
Under Philippine racing rules and regulations and the terms of their franchises, the three racing clubs--Manila Jockey Club, Philippine Racing Club, and Metro Manila Turf Club--are obligated to provide adequate and well-maintained racetracks and ...

Petron draws 1st blood in PSL semis
Manila Standard Today - 2018-04-24
KATHERINE Bell made a strong first impression in powering Petron to a 25-18, 23-25, 25-16, 25-23 victory over Cocolife in Game 1 of their Chooks to Go-Philippine Superliga Grand Prix best-of-three semifinals series yesterday at the Filoil Flying V Centre.

Stocks sink; Jollibee, Ayala Land fall
Manila Standard Today - 2018-04-24
The stock market sank again Tuesday on concerns on rising inflation and weak peso, with investors fearing a possible increase in local interest rates. The Philippine Stock Exchange Index plunged 119.11 points, or 1.5 percent, to a year low of 7,600.36 on a ...

SM Prime allots P80B for capex
BusinessWorld - 2018-04-24
SM Prime will also be launching 15,000 residential units through SM Development Corp. (SMDC) this year. This indicates a sales value of around P45 billion, based on the average price of SMDC units of P3 million each. SM Prime Chairman Henry T. Sy ...

AmCham holds Business Leadership Program
Sun Star - 2018-04-24
THE American Chamber of Commerce of the Philippines (AmCham) selected 31 college students from across the nation to participate in the annual Business Leadership Program (BLP) in Manila from April 17 to April 25. Now on its 16th year, the BLP exposes ...

Economic growth likely breached 7% in Q1-report
BusinessMirror - 2018-04-24
In its latest Market Call report, First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P ... but we expect to do better than 6.7-percent," Pernia told Central Luzon stakeholders during the recent Philippine Economic Briefing ...

Group tells SC: Clarify scope of TRO on RCOA
BusinessMirror - 2018-04-24
The petitioner recounted that on December 27, 2016, the PCCI filed a petition seeking to declare null and void the DOE order and ERC resolutions implementing the mandatory migration of contestable customers from Meralco to other electricity suppliers.

Revised Policy Guidelines of DICT still requires P10 billion from third telco
TechnoChops - 2018-04-24
The Department of Information and Communications Technology (DICT) has now issued revised policy guidelines for the acceptance of the third telecommunications company (telco) expected to put an end to the duopoly of Globe Telecom and PLDT, Inc. Memorandum ...

Two listed banks report solid gains
BusinessMirror - 2018-04-24
EastWest Banking Corp. and Security Bank Corp.--both listed lenders--on Tuesday highlighted stellar gains in their banking operations in 2017, owing largely to strong lending and expansion of network during the year. In particular, EastWest reported to ...

PayMaya now using InstaPay
BusinessMirror - 2018-04-24
This is on top of the more than 15,000 Add Money touchpoints already available to PayMaya users nationwide, including 7-Eleven branches, SM Business Centers, Robinsons Business Centers inside department stores, Touchpay Kiosks, UnionBank ATMs, Shopwise ...

NAIA consortium says shorter concession may rule out 3 rd runway
BusinessWorld - 2018-04-24
Its members are Aboitiz Infra Capital, Inc., AC Infrastructure Holdings Corp., Alliance Global Group, Inc., AEDC, Filinvest Development Corp., JG Summit Holdings, Inc. and Metro Pacific Investment Corp. (MPIC). Phase 1 calls for increasing the airport ...

Muntinlupa high school wins Asean research contest
BusinessMirror - 2018-04-24
BESTING 110 teams from the region, a public secondary school in Muntinlupa won the grand prize for the Urban Agriculture category in the Southeast Asia Creative Camp (SEA-CC) 2018, a technical and vocational education and training mainstreaming research ...

Stocks sink; Jollibee, Ayala Land fall
thestandard.com.ph - 2018-04-24
The peso closed at 52.30 against the US dollar Tuesday, down from 52.24 Monday. Major property developer Ayala Land Inc. fell 2.9 percent to P40.05, while Jollibee Foods Corp., the biggest fastfood chain, slumped 3.1 percent to P285. SM Prime Holdings Inc ...

PSBank names Jose Vicente Alde as president
Rappler - 2018-04-24
MANILA, Philippines - Listed Philippine Savings Bank (PSBank ... He holds a bachelor's degree with honors in Computer Science from the University of the Philippines, and a Masters in Business Management from the Asian Institute of Management.

DOF said third telco in the Philippines needs P200 billion
TechnoChops - 2018-04-24
How realistic is it for a third telecommunications company (telco) to be able to challenge the duopoly of PLDT, Inc. and Globe Telecom, which have serviced Filipino consumers for several years? The Department of Finance (DOF), as represented by its ...

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 Bündchen, 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 ...