Firms see robust sales despite TRAIN
BusinessWorld - 2018-04-15
COL Financial Group, Inc. Vice-President and Head of Research April Lynn L. Tan said in a phone interview that the impact of the strong remittances, weak peso and the personal income tax cuts likely contributed to robust sales of consumer companies such as ...

Davao water supply project still awaiting DAR conversion permit
BusinessWorld - 2018-04-15
AAII PHOTOFresh funds injected into normalization process under peace deal THE BULK water supply project of Aboitiz-led Apo Agua Infrastructura, Inc. (AAII) continues to be delayed by the conversion permit that remains pending at the office of the ...

Underpants run lures thousands
Manila Standard Today - 2018-04-14
Leading the pack were Century Pacific Food, Inc. senior vice president Greg Banzon, and Century Tuna Superbods celebrity endorsers Gerald Anderson and Matteo Guidicelli. Superbods Ageless endorser Alice Dixson was also present to congratulate the runners ...

Underpants run lures thousands
thestandard.com.ph - 2018-04-14
Leading the pack were Century Pacific Food, Inc. senior vice president Greg Banzon, and Century Tuna Superbods celebrity endorsers Gerald Anderson and Matteo Guidicelli. Superbods Ageless endorser Alice Dixson was also present to congratulate the runners ...

Union Bank, aspect software improve customer interaction
thestandard.com.ph - 2018-04-14
IN LINE with its digital transformation, Union Bank of the Philippines, one of the largest banks in the country, has enhanced its customer service infrastructure, to further improve interaction between the bank and its clients and, at the same time ...

The West Philippine Sea jungle
The Visayan Daily Star - 2018-04-14
So they all went to work until the group cornered a big stag and killed it ... Imagine, these have to tote around with them Social Security System, Government Service Insurance System, PhilHealth cards, Pag-Ibig cards, and so forth and so on.

IU/Purdue Joint Ag Law Program Names Steering Committee/
INside INdiana Business - 2018-04-13
The steering committee will be tasked with ensuring that the program meets the needs of the agricultural law market and appeals ... be tricky to find a balance between the two. Historically, companies have not emphasized the importance of a healthy work ...

Manulife Pays $387M For Office Towers In DC, Atlanta
Law360 - 2018-04-13
Law360 (April 13, 2018, 4:49 PM EDT) -- The U.S. real estate investment arm of life insurance giant Manulife Financial Corp. on Friday said it had entered the Washington, D.C., market and grabbed another office building in Atlanta from fellow Manulife ...

JG Summit's core profits dip slightly in 2017
Rappler - 2018-04-13
MANILA, Philippines - JG Summit Incorporated (JG Summit), the holding firm of the Gokongwei Group, saw its bottom line remain relatively flat in 2017 as earnings from its petrochemicals unit offset the sluggish performance of its airline. In a report to ...

MJC Investments stock rights offer to service debt
BusinessWorld - 2018-04-13
Alfonso Reyno III during the FIFA Turf Project Turnover Ceremony at the San Lazaro Leisure Park in Carmona -- PFF MJC Investments Corp. is selling shares to existing stockholders to raise capital for debt servicing requirements. In a disclosure to the ...

Airline biz keeps JG Summit 2017 earnings flat
BusinessWorld - 2018-04-13
Universal Robina Corp. registered an 11% uptick in revenues to P125.01 billion from P112.61 billion, as international sales of the branded consumer food group and sales of the sugar division increased by a third. Revenues of Cebu Air, Inc. went up by ...

SBMA extends free accreditation program
BusinessWorld - 2018-04-13
Handout photo via PHILIPPINE STAR THE SUBIC BAY Metropolitan Authority (SBMA) is extending its free accreditation initiative for container-port business until the end of 2018. In a statement released on Friday, SBMA chairperson and administrator Wilma T.

UBM India Commences the Third Edition of RenewX in Hyderabad
Businessworld - 2018-04-13
Companies from Telangana included organisations such as Sri Savitr Solar Pvt. Ltd., Telangana State Renewable Energy Development Corporation Ltd., (TSREDCO); Premier Solar Powertech Pvt. Ltd.; Premier Solar Systems Pvt. Ltd.; Archimedes Green Energys Pvt.

Fridays Boracay resort counts cost of 6-month closure
Rappler - 2018-04-13
Because of the "impulsive" decision to shut down the island for 6 months starting April 26, Boulevard Holdings Incorporated, parent firm of Fridays Holdings Incorporated, told the local bourse that around 60 of its 80 employees will be laid off and about ...

Arnold Schwarzenegger resting after heart surgery
philstar.com - 2018-04-13
Living proof of the American dream, Schwarzenegger has transformed himself over the last half century from a poor Austrian country ... and made a fortune in mail order and real estate while winning the Mr. Universe title four more times.

Gender diversity in the work force
thestandard.com.ph - 2018-04-13
Holcim Philippines, Inc. is looking to strengthen programs that attract more women in the company, believing that a diverse workforce is a driver of innovation and business growth. Women, such as this group in its Bulacan plant, currently comprise 20% of ...

Metrobank raises P60b from the offering of stock rights
thestandard.com.ph - 2018-04-13
Metropolitan Bank & Trust Co., the second-largest lender in terms of assets, said Thursday it successfully completed a P60-billion stock rights offering. Metrobank said in a statement the offer period closed on April 4. The offer to eligible shareholders ...

Boracay off-limits to Macau casino firm
Philippine Daily Inquirer - 2018-04-13
Galaxy partnered with Leisure and Resorts World Corp., which acquired the 23-hectare lot, for the casino project. The provisional license is only the start of a long process that will allow Galaxy to start operations, Pagcor said in a statement on Wednesday.

Philippines shelves Galaxy's planned US$500m casino resort on Boracay
The Straits Times - 2018-04-12
Galaxy partnered with Leisure and Resorts World Corp , which acquired the 23-hectare lot, for the casino project. Galaxy and Leisure were not immediately available for comment outside office hours. The Philippines' gambling sector has benefited from warmer ...

Stocks surge; Bloomberry rallies
Manila Standard Today - 2018-04-12
Casino operator Bloomberry Resorts Corp. rallied 7 percent to P12.84, while Bank of the Philippine Islands, the third-biggest lender in terms of assets, climbed 5 percent to P109. SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. rose 3.4 percent to P34 ...

LBC Express reviving plan to sell shares valued at P1-billion
Manila Standard Today - 2018-04-12
LBC Express Holdings Inc. of the Araneta Group will revive a plan to sell up to 69.1 million shares to raise funds and finance expansion. LBC Express said in a disclosure to the stock exchange its board in a meeting held April 12 approved the re-filing of ...

In aging Thailand, developers race to supply locals and elderly expats
BusinessWorld - 2018-04-12
Together with China, Thailand is aging much faster than its regional neighbors. By 2040 it is expected to have the highest share of elderly people of any developing country in East Asia, according to the World Bank. Thailand has 7.5 million people aged 65 ...

Ayala-led Prime Orion planning to develop 2 industrial parks
- 2018-04-12
By Krista A. M. Montealegre, National Correspondent AYALA-LED Prime Orion Philippines, Inc. (POPI) is riding on the country’s manufacturing resurgence, as it targets to become the largest player in the real estate logistics and industrial sector. POPI President and Chief Executive Officer Maria Rowena Victoria M. Tomeldan said in a briefing on Thursday the goal …

Phinma eyes LNG facility in Cebu
BusinessWorld - 2018-04-12
PHINMA Petroleum and Geothermal, Inc. (PPG) is developing a liquefied natural gas (LNG) facility with a 120-megawatt (MW) power plant in Cebu, which company officials expect to be completed by 2022 to 2023. "We are developing an LNG-to-power project in ...

Metrobank raises P60B from SRO
BusinessWorld - 2018-04-12
DBS Bank Ltd. also serves as co-manager and co-underwriter. Aside from Metrobank, Bank of the Philippine Islands and Rizal Commercial Banking Corp. also announced plans to conduct SROs expected to raise fresh capital worth P50 billion and P15 billion ...

IRC Properties doubles capital base
BusinessWorld - 2018-04-12
IRC Properties, Inc. is doubling its capital base to raise funds for expansion. In a disclosure to the stock exchange on Thursday, the property developer said its board of directors approved the increase in authorized capital stock to P3 billion from P1.5 ...

Reassessing our landscape
BusinessWorld - 2018-04-12
Such a strategy will also ensure the build-up of resilience of our consumption driven economy. Philippine National Bank hosted events for its customers held in Manila, Cebu and Davao, and we felt strong optimism from our clients in their own businesses.

SMC: Boracay airport workers to keep jobs during island's closure
CNN Philippines - 2018-04-12
Metro Manila (CNN Philippines, April 12) - All workers and regular employees of the Boracay Airport can heave a sigh of relief as they are promised full pay throughout the island's six-month closure. "We will retain all of them to make sure they have ...

Prime Orion diversifying property portfolio
BusinessMirror - 2018-04-12
PRIME Orion Philippines Inc. (Popi), now part of Ayala Land Inc., said it is diversifying its real-estate portfolio to include industrial park and property logistics. The company recently acquired a majority stake in Laguna Technopark Inc. (LTI), a prime ...

Metrobank successfully completes P60-billion stock rights offer
BusinessMirror - 2018-04-12
In Photo: Metropolitasn Bank and Trust Com (Metrobank) President Fabian Dee (from left), Metrobank Director and GT Capital Holdings Co-Vice Chairman Alfred Ty, Metrobank Vice Chairman Francis C. Sebastian and Metrobank Chairman Arthur Ty were all smiles as ...

Marcventures, Go Negosyo unveil Agri Model Farm in Marawi
BusinessMirror - 2018-04-12
"We at Marcventures are honored to be part of this program," Isidro C. Alcantara Jr., Marcventures Holdings Inc. president and MMDC vice chairman said in a statement. "Mindanao is close to our hearts as our Carrascal Nickel Project is in Surigao del ...

Stocks surge; Bloomberry rallies
thestandard.com.ph - 2018-04-12
Casino operator Bloomberry Resorts Corp. rallied 7 percent to P12.84, while Bank of the Philippine Islands, the third-biggest lender in terms of assets, climbed 5 percent to P109. SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. rose 3.4 percent to P34 ...

Boracay closure to benefit Mindanao - airlines
Rappler - 2018-04-12
DAVAO CITY, Philippines - The temporary closure of world-famous Boracay Island is expected to benefit Mindanao, as airlines affected by the government-ordered shutdown seek to showcase other tourism sites in the country. Philippine Airlines (PAL), Cebu ...

The tough job of reinventing the shawarma
CNN Philippines - 2018-04-12
In the midst of launching multiple restaurant concepts since they began in 2013, they even managed to open a small bar, Bank Bar, without much fuss -- a luxurious tippling chamber only passable through the narrow storage room of a standard 7-Eleven.

Private landowners vow to protect endangered species in Boracay
Rappler - 2018-04-12
Aside from Seven Seas, establishments of Boracay West Cove, Crimson Resort & Spa, Movenpick Resort & Spa, Ecovillage Resort & Convention Center, Costa Vista Boracay, Shangri-La, Alta Vista de Boracay, San Miguel Corporation, Mabuhay Maritime Express ...

Palace: Macau gaming firm may have to build casino elsewhere
philstar.com - 2018-04-12
Rep. Alfredo Benitez (Negros Occidental), founder of Leisure and Resorts World Corp., was also at the meeting. PAGCOR chair and CEO Andrea Domingo, Tourism Secretary Wanda Teo, and Socio-economic Planning Secretary Ernesto Pernia were also in attendance.

Business Briefs: BenchMark Physical Therapy to open Highway 58 clinic
Chattanooga Times Free Press - 2018-04-12
Michael Petron, PT, DPT, will serve as the clinic director. Michael completed his Doctorate of Physical Therapy from University of North Georgia Health Sciences. He is certified in trigger point dry needling, a manual therapy technique using small ...

Winter In New York
philstar.com - 2018-04-12
Hasta La Vista Rening and Doc Abe, we will miss you ... a state that proudly bears the nickname "The Land of 10,000 Lakes" the team was then called the Minneapolis Lakers until they moved to California. Another team that was in a similar case is ...

Atraaf Service Recognition Award given to five female educationists, philanthropists
Daily Times - 2018-04-12
Sindh Information Minister Nasir Hussain Shah, Karachi Mayor Wasim Akhtar and Trade Development Authority of Pakistan Chairman SM Munir highlighted the importance ... the efforts of the Karachi Metropolitan Corporation (KMC) for welfare of women in Karachi ...

600 athletes compete in Evardone Cup
Philippine Information Agency - 2018-04-12
He said that Manila now notices the athletic league that his office organized saying that San Miguel Corporation is one of the biggest sponsors. For his part, guest speaker General Gilbert D. Cruz reminded the athletes to stay fit and stay away from the ...

Good news from and for Mindanao
Tempo - 2018-04-12
For decades, Mindanao was cited by national leaders as a "Land of Promise" because of its rich resources, but its people and its leaders have long deplored that it was not getting enough attention from the national government in "imperial Manila."

Bloomberry secures P73b in loans from seven banks
Manila Standard Today - 2018-04-11
Bloomberry Resort Corp. through its units obtained P73 billion in syndicated loans with seven banks to refinance obligations and fund investments. Bloomberry said in a disclosure to the stock exchange Bloomberry Resorts & Hotels Inc. and Sureste Properties ...

Roxas sees flat income on lower output
Manila Standard Today - 2018-04-11
Integrated sugar and ethanol producer Roxas Holdings Inc. expects a flat net income this year as higher sugar prices will be tempered by a 10-percent decline in production. RHI president Hubert Tubio said in an interview after the annual stockholders ...

Trade gap grows as exports drop
BusinessWorld - 2018-04-11
Taningco, economist at Security Bank Corp. "I think the export contraction may have been due to tepid external demand for Philippine manufactured and petroleum products as well as adverse weather conditions that may have limited the export supply of agro ...

Spending boost widens fiscal deficit in Feb., first two months
BusinessWorld - 2018-04-11
Sought for comment, Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said in an e-mail that "[t]he fiscal deficit increase was expected." "The doubling is also expected as government follows through with the focus on infrast ...

Boracay may reopen in 4 months but with limited tourists: Teo
BusinessWorld - 2018-04-11
For its part, the Department of Environment and Natural Resources (DENR) is looking at declaring next week identified critical habitats where business and tourism activities will be restricted, even hinting at the possibility of closing down establishments ...

Aboitiz, CLC keen on regional airports
- 2018-04-11
By Patrizia Paola C. Marcelo, Reporter ABOITIZ INFRACAPITAL, Inc, (AIC) and Chelsea Logistics Holdings Corp. (CLC) remain interested in upgrading several regional airports, even after the Department of Transportation (DoTr) rejected the companies’ respective unsolicited proposals. However, the two companies are awaiting the details of the planned public bidding for the operations and maintenance (O&M) …

RCC: Rustan’s trademark not part of Gokongwei acquisition
- 2018-04-11
RUSTAN Commercial Corp. (RCC) will retain the ownership of the Rustan’s trademark and trade name in light of the Gokongwei group’s acquisition of the supermarket business previously owned by the Tantoco family. In a statement, RCC said the Rustan trademark and trade name was “never a part” of the P18-billion deal that will allow Robinsons …

Metro Retail Stores profit rises 24% in 2017
BusinessWorld - 2018-04-11
METRO RETAIL Stores Group, Inc. (MRSGI) reported a 23.7% increase in net income in 2017, amid robust sales across all store formats. In a regulatory filing, the Gaisano-led listed company said its profit stood at P977 million, higher than the P789 million ...

Phinma forays into downstream oil industry
BusinessWorld - 2018-04-11
PHINMA ENERGY Corp. is entering the downstream oil industry, initially catering to the fuel requirement of its own diesel plants, through subsidiary One Subic Oil Distribution Corp., company officials told stockholders on Wednesday. Francisco L.