Grenke Chess Classic tourney
BusinessWorld - 2018-04-18
A Certified Public Accountant, he taught accounting in the University of Santo Tomas for 25 years and is currently Chief Audit Executive of the Equicom Group of Companies.

Lopez Holdings net income drops 36% in 2017
Rappler - 2018-04-18
As of end-2017, Lopez Holdings has a controlling stake of 46.5% in energy firm First Philippine Holdings Corporation (FPH) and 56.6% in media conglomerate ABS-CBN Corporation. FPH saw its net income attributable to equity holders of the parent drop 41% to ...

Awards body sees growth of property sector in 2018
BusinessMirror - 2018-04-18
The efforts of ArthaLand, one of the leading green developers in the country, were recognized not only domestically, receiving the Special Recognition in Sustainable Design at the 2016 PropertyGuru Asia Property Awards regional grand final in Singapore ...

Latest CACI promo winners named
The Visayan Daily Star - 2018-04-18
... recent winners of P1 million each during the latest draw of the "Milyonaryo ka sa Central La Carlota" promo of Central Azucarera de la Carlota Inc. on April 6, a press release from the company said. Salde Monsale, 55, a farmer and a father of six ...

Chinese firm's Filipino partner denies Boracay casino plan dropped
CNN Philippines - 2018-04-18
Leisure & Resorts World Corporation (LRWC) on Wednesday said it is still in talks with the Chinese firm. . According to the company's General Information Sheet posted on the web site of the Securities and Exchange Commission, Negros Occidental Rep.

Billion-dollar resort
Manila Standard Today - 2018-04-17
Asia United Bank president and chief executive Abraham Co, Widus assistant vice president for corporate planning and development Neki Liwanag, Clark Development Corp. president Noel Manankil and Angeles City Vice Mayor Bryan Matthew Nepomuceno.

Galaxy Entertainment's PH partner denies Boracay casino scrapped
Rappler - 2018-04-17
Leisure & Resorts World Corporation on Tuesday night, April 17, said it continues to be in talks with Galaxy Entertainment. This is in response to the pronouncement made by Tourism Assistant Secretary Frederick Alegre that Boracay Philippines Resort and ...

JFC completes deal to gain control of Smashburger
- 2018-04-17
JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global footprint. In a disclosure to the stock exchange on Tuesday, the listed company said it has completed all closing conditions and regulatory approvals for the acquisition of an additional 45% stake …

DENR orders 14 establishments to vacate Puerto Galera beaches
CNN Philippines - 2018-04-17
Metro Manila (CNN Philippines ... Mermaid Resort Charletan, Inc., Modem Development Company Inc., Captn Gregg, Eddie's Place Bar & Restaurant, Marginor Diner & Snack, and I Dive at Casa Mia. They were situated at the three-meter easement zones along ...

Lopez Holdings income declines 36% in 2017
BusinessWorld - 2018-04-17
Weighing on profitability was the lack of extraordinary items booked by First Philippine Holdings Corp. (FPH) in 2016 from the arbitration settlement received by First Philec, Inc. and the liquidated damages collected by First Gen Corp. for its San Gabriel ...

Condo sales lift Rockwell Land profits
BusinessWorld - 2018-04-17
ROCKWELL Land Corp. posted double-digit profit growth last year, following improved condominium sales and more project completions. In a regulatory filing, the Lopez-led company said its net income attributable to the parent stood at P2.11 billion in 2017 ...

Nickel Asia says value of nickel ore shipments drops in Q1
BusinessWorld - 2018-04-17
"We are fortunate that this component of our business, as well as the two processing plants where we are invested in, are benefiting from rising LME nickel prices driven by the bullish outlook on nickel used for the EV market," he added. -- Janina

GBP unveils Institute for Energy in Iloilo
BusinessWorld - 2018-04-17
ILOILO CITY -- Global Business Power Corp. (GBP) on Tuesday launched a learning institute in Iloilo City where its employees can enhance their skills in responding to power plant operational and maintenance contingencies as the company prepares for expansion.

PetroEnergy earnings jump to $3.79 million
BusinessWorld - 2018-04-17
"We are optimistic that with our planned expansion in our Tarlac and Nabas projects, and the profitable operations of our existing power facilities, PERC will continue to grow both in terms of revenue and in the benefits we give to our various stakeholder

Chinese company no longer building casino on Boracay
CNN Philippines - 2018-04-17
In late March, PAGCOR issued a provisional license to Galaxy and its local partner Leisure & Resorts World Corporation to build a $500-million (P26 billion) "integrated resort" on Boracay. It allowed the companies to process construction permits.

Cebu Pacific invests $25 million for training of future pilots
BusinessMirror - 2018-04-17
In Photo: This October 24 photo shows (from left) Cebu Air Inc. (CEB) Vice President for Flight Operations Sam Avila II , CEB President and CEO Lance Y. Gokongwei, Flight Training Adelaide (FTA) Pty. Ltd. Director Steven Young and FTA CEO Johan Pienaar ...

Cocolife downs Cignal, sets semifinal showdown vs Petron
Rappler - 2018-04-17
MANILA, Philippines - Cocolife weathered a furious late rally by an undermanned Cignal squad to eke out a 25-22, 25-21, 28-26 victory in the quarterfinals of the Chooks to Go-Philippine Superliga (PSL) Grand Prix on Tuesday, April 17, at the Filoil Flying ...

PetroEnergy income reached $8.46 million last year
BusinessMirror - 2018-04-17
PETROENERGY Resources Corp. (PERC) reported its earnings jumped 44 percent to $8.46 million (P439.8 million in 2017 as against $5.86 million (P304.65 million) in 2016, mainly on account of higher revenues. The company attributed the profit increase to ...

A biased Supreme Court, threat to our fragile democracy
BusinessWorld - 2018-04-17
A few years ago, the Supreme Court, majority of whom were appointed by then President Gloria Macapagal Arroyo, and who, it seems were recommended by celebrity lawyer Estelito Mendoza, decided to award 20% shares of San Miguel Corporation to claimant ...

Stocks: Cautious on China data; Philippines slides to over 11-month low
InterAksyon - 2018-04-17
The index has fallen 9.8 percent so far this year. Financials were among the biggest losers, with BDO Unibank Inc, SM Investments Corp and Bank of the Philippine Islands falling between 1.7 percent and 3.6 percent. Indonesian shares were little changed as ...

Song sizzles in Day 1
BusinessMirror - 2018-04-17
Jhonnel Ababa, winner of two legs in the inaugural PGT Asia backed by Custom Clubmakers, Meralco, Champion, Summit Mineral Water, K&G Golf Apparel, BDO, Sharp, KZG, PLDT and M.Y. Shokai Technology Inc., and Jay Bayron, likewise, put themselves in early ...

Security, convenience at the forefront in Filinvest City
BusinessMirror - 2018-04-17
In Photo: Filinvest City takes pride in its future-ready master plan. WITH its future-ready master plan that utilizes only the best practices in urban planning; excellent infrastructure and facilities; a green orientation with lush, landscaped parks, bike ...

Philracom adds premium to jockeys, horses safety
BusinessMirror - 2018-04-17
Don Bagatsing, Bienvenido Niles Jr., Jose Santillan, Victor Tantoco, Lydon Guce and Wilfredo Ungria, as well as executive director Andrew Rovie Buencamino, Manila Jockey Club Racing Manager Jose Ramon Magboo and his assistant J-Fel Cuevas and Madrid jockey ...

Galaxy Entertainment no longer building casino in Boracay - DOT
Rappler - 2018-04-17
Galaxy Entertainment Group and its local partner Leisure & Resorts World Corporation had bought a 23-hectare land in Boracay for the casino-resort.

A Temporary Shelter is not a Home for the Meranaw people
Davao Today - 2018-04-17
Investors included the Philippine Long Distance Telephone Co. chair Manuel V. Pangilinan and Ayala Corporation chair and CEO Jaime Augusto Zobel de Ayala as well as San Miguel Corporation for agricultural plantations. It is cruel for the government to ...

Rebuilding Marawi through relevant partnerships
GMA Network - 2018-04-17
Samar Street in Quezon City. You may also deposit your donations in GMAKF bank accounts in Metrobank, BDO, PNB and UCPB. For more inquiries, you may contact GMAKF at or (02) 928-9351/928-4299.

Lopez Holdings 2017 profits down on lack of one-time gains
BusinessWorld - 2018-04-17
Also, ABS-CBN Corp. generated more revenues in 2016 from political ads on top of improved revenues from its Pay-TV and new business initiatives. -- Krista Angela M. Montealegre

5 tips to power up energy startups
Rappler - 2018-04-17
Van de Wouw, however, noted that the intellectual property stays with the startup. STV merely serves as a launching customer to the startup and the entrepreneur who really creates value. 4) Hire your chief business development officer There is no silver ...

Facebook data breach or Comeleak: Which could have a bigger impact?
InterAksyon - 2018-04-17
Two years ago, a group of hackers called the LulzSec Pilipinas infiltrated ... When a person applies for a Social Security Number, for example, he is bound to give personal information that is legally obtainable. The same information would be given ...

Nancy Binay to PAGCOR: Take back provisional permit for Boracay casino
CNN Philippines - 2018-04-17
In late March, PAGCOR issued a provisional license to Macau casino operator Galaxy Entertainment Group and local partner Leisure & Resorts World Corporation to open an "integrated resort" on the island destination. Related: Macau casino operator ...

Third telco in the Philippines: Committee formed to ensure transparency in selection
TechnoChops - 2018-04-17
It seems as if talk and speculation will not stop about the looming arrival of a third telecommunications company (telco) challenging the duopoly of Globe Telecom and PLDT, Inc. Now, an oversight committee has even been formed to oversee that third telco ...

Economic Times - 2018-04-17
Washington, April 17 (IANS) Scientists have accidentally developed a plastic-eating enzyme that may be used to combat one of the world's worst pollution problems, a media report said. After the bilateral meeting between Modi and Rasmussen, documents were ...

DOT: Galaxy Entertainment looking for another venue for casino project
Philippine Daily Inquirer - 2018-04-17
However, Leisure and Resorts World Corp. (LRWC) issued a statement Tuesday night clarifying the matter. LRWC said: "It continues to be in talks with its partner Galaxy Entertainment Group" and "both parties have not reached any final decision ...

Sanctions Round Up: First Quarter 2018
JD Supra - 2018-04-16
JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the ...

Philippine Racing Commission execs form Race Track Condition Commitee
Manila Standard Today - 2018-04-16
Don Bagatsing, Bienvenido Niles Jr., Jose Santillan, Victor Tantoco, Lydon Guce and Wilfredo Ungria and executive director Andrew Rovie Buencamino, Manila Jockey Club Racing Manager Jose Ramon Magboo and his assistant J-Fel Cuevas and Madrid jockey MM ...

PLDT divesting P10.5-billion stake in Rocket Internet
Manila Standard Today - 2018-04-16
PLDT Inc. said Monday it is selling a portion of its 6.1-percent stake in German technology company Rocket Internet for about P10.5 billion. PLDT said in a disclosure to the stock exchange that indirect subsidiary PLDT Online Investments Pte. Ltd. agreed ...

Puregold registers net profit of P5.84-billion
Manila Standard Today - 2018-04-16
Grocery chain operator Puregold Price Club, Inc. said net income in 2017 rose 5.7 percent to P5.84 billion from P5.53 billion in 2016 on double-digit growth in sales. Puregold said in a disclosure to the stock exchange consolidated net sales increased 10.6 ...

TIEZA rolls out online payment facility for travel tax - 2018-04-16
Through the OTTPS, travel taxes may now be paid through local and international credit cards; debit cards; ATM; over-the-counter (OTC non-bank channel partners) channel partners such as San Mig Food Avenue, Petron Corporation, Total Philippines Corporation ...

Remittance growth slowest in 3 months
BusinessWorld - 2018-04-16
the peso (i.e. less US dollars needed for the same amount of pesos)," Michael L. Ricafort, economist at the Rizal Commercial Banking Corp. (RCBC), said when sought for comment. In turn, this gives families of OFWs more disposable income, Mr. Ricafort sai ...

PLDT starts unloading Rocket stake
BusinessWorld - 2018-04-16
PLDT, Inc. has started unloading its shares in German e-commerce investor Rocket Internet AG, as part of its plan to fund its massive capital expenditure program this year. In a statement, PLDT said its indirect subsidiary PLDT Online Investments Pte.

SSI merges 2 units to improve efficiencies
BusinessWorld - 2018-04-16
SSI GROUP, Inc. will be merging two of its wholly owned units to improve operational efficiencies within the company. In a disclosure to the stock exchange on Monday, the Tantoco-led firm said its board of directors has approved the merger of Luxury ...

IC approves Pru Life UK, Robinsons Bank sales deal
BusinessWorld - 2018-04-16
However, the British life insurer has ended their partnerships with the said lenders, as HSBC signed a distribution agreement with Allianz PNB (Philippine National Bank) Life Insurance, Inc. in July 2017, while Standard Chartered transferred its retail ...

Xurpas income plunged in 2017, pulled by weak digital marketing
BusinessMirror - 2018-04-16
TECHNOLOGY firm Xurpas Inc. said its income plunged last year mainly as a result of impairment losses posted by one of its units due to what it called "averse digital marketing conditions" in the industry it served. The company said its income fell to ...

PLDT to divest EUR163.2-M holdings in Rocket Internet
BusinessMirror - 2018-04-16
DIGITAL services provider PLDT Inc. plans to divest as much as two thirds of its shares in Rocket Internet for about EUR163.2 million (P12.08 billion) to fund its capital expenditures for 2018. In a filing with the stock exchange, the company said its ...

Oil companies raise petroleum prices
BusinessMirror - 2018-04-16
The upward price adjustment reflects movements in the world oil market, Seaoil Philippines said. Seaoil, Phoenix Petroleum, PTT Philippines and Total Philippines will adjust their pump prices at 6 a.m. on Tuesday, April 17. Other oil firms are expected to ...

Shootout looms
BusinessMirror - 2018-04-16
THE Philippine Golf Tour Asia (PGTA) kicks off its second season today with a promise of a shootout among a crack international cast right at the start of the $100,000 ICTSI Luisita Championship at the Luisita Golf and Country Club in Tarlac. While ...

Swimming on hot seat
BusinessMirror - 2018-04-16
over the issue of a "caretaker body," but their views were overruled by the majority in the first general assembly meeting held under Vargas at the Meralco Multi-Purpose Hall of the Meralco Building in Pasig City. PSI legal counsel Glenn Tuason tried ...

PSE: Wait and watch
BusinessMirror - 2018-04-16
ON Sunday of the recent long weekend, I was walking the aisles of the SM Department Store at the Mall of Asia. Suddenly, I found myself surrounded on all sides by a crush of humanity, all roaming while I was seriously trying to get someplace to actually ...

Meralco Q1 power sales rise 7% on strong economic growth
BusinessWorld - 2018-04-16
MANILA Electric Co. (Meralco) estimates that electricity sales increased by around 7% in the first quarter as its consumer segments recorded growth during the period, the head of the distribution utility said. "In terms of sales, [growth was] maybe ...

PLDT subsidiary selling bulk of Rocket Internet shares
Rappler - 2018-04-16
MANILA, Philippines - PLDT Incorporated is disposing of bulk of its shares in Rocket Internet SE - a German investor in technology start-ups - for a lower price of EUR24 (P1,545.28) per share, or a total of about EUR163.2 million (P10.51 billion), to ...