60 securities deemed Shariah-compliant by Philippine Stock Exchange
BusinessWorld - 2018-04-09
Inc. o Philab Holdings Corp. o Philex Mining Corp. o Philippine H2O Ventures Corp. o The Philodrill Corp. o Pilipinas Shell Petroleum Corp. o Primex Corp. o PTFC Redevelopment Corp. o PXP Energy Corp. o RFM Corp. o Semirara Mining and ...

MPCALA taps Leighton for Cavite segment of CALAX
BusinessWorld - 2018-04-09
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 ...

John Marvin Miciano wins Under-18 title at Asian Youth Chess Championship
Rappler - 2018-04-09
"He secured the IM title ahead of schedule. We set 2018 for this. Next year, hopefully, he can be a grandmaster," said his FEU coach Jayson Gonzales in Manila. Miciano is the 17th active International Master in the Philippines, based on the World Chess ...

PAL stares at $50-million loss from Boracay charter operations
BusinessMirror - 2018-04-09
Listed firm PAL Holdings Inc. posted a net income loss of P3.2 billion in the third quarter of 2017, widening by 63 percent from its net income loss in the same period in 2016. In a text message, PAL Vice President for Marketing Ria C. Domingo said they ...

Boracay businessman: No notice from DENR on alleged environmental offense
CNN Philippines - 2018-04-09
The DENR has yet to respond to this claim. The sewage line in Boracay is managed by the Boracay Island Water Corporation, a joint venture between the Ayala Corporation and the Tourism Infrastructure and Enterprise Zone Authority. Meanwhile, Boracay ...

Boracay hotels, airlines waive rebooking charges
thestandard.com.ph - 2018-04-09
The departments of Tourism, Labor and Employment and the Technical Education and Skills Development Authority will also provide training for the residents and displaced workers. President Rodrigo Duterte ordered the closure of Boracay based on the ...

Villar group 'seriously looking at' telecoms, casino
Rappler - 2018-04-09
MANILA, Philippines - The group of tycoon Manuel Villar is considering telecommunications and gaming as new ventures, and is eyeing potential partners for the planned diversification. Paolo Villar, the eldest son of Villar and head of the family's listed ...

10 local, foreign companies keen on LNG project
thestandard.com.ph - 2018-04-09
The department previously identified the four parties as Cleanway-Filipino and Resiro, a UK company; Tokyo Gas; local firm First Gen Corp.; and China National Offshore Oil Corp. The other interested parties are state-owned Philippine National Oil Co ...

recipe files
thestandard.com.ph - 2018-04-08
Stir and simmer for one minute. 8. Serve with rice and bagoong. Philippine Harvest meets Sabores de España The Agriculture department, Central Square, and SSI Group partnered with the Embassy of Spain to showcase the world-famous Spanish flavors side by ...

Rice prices up for 3rd month
philstar.com - 2018-04-08
"Final word in the setup will be announced by the President when he comes back from China," Piñol told The STAR. An industry source said the Governance Commission for Government-Owned and Controlled Corporation ... Development Bank of the Philippines ...

Grab-Uber merger makes patchy debut in SE Asia
Nikkei Asian Review - 2018-04-08
The serial shut down of Uber's operations in Southeast Asia -- apart from Singapore and the Philippines -- follows the recent merger deal with its former arch-rival, Grab, which makes the Singapore-based company ... launched its first operations in ...

Naia Consortium takes first crack at airport deal
BusinessMirror - 2018-04-08
Transportation Director Goddess Hope O. Libiran told the BusinessMirror that the agency has yet to officially open the $3-billion unsolicited proposal of Megawide Construction Corp. and its Indian partner GMR Infrastructure Ltd., as the department has yet ...

Clark-Naia dual-gateway strategy best option for PHL-GMR-Megawide
BusinessMirror - 2018-04-08
Members of the so-called super consortium are conglomerates Metro Pacific Investments Corp., Aboitiz Equity Ventures Inc., Alliance Global Group Inc.,Ayala Corp., Filinvest Development Corp., JG Summit Holdings Inc. and LT Group Inc. Rebuilding Clark ...

Subic power firm signs P750-M lease extension
BusinessMirror - 2018-04-08
SUBIC BAY FREEPORT--One Subic Power Generation Corp., a fully owned subsidiary of Phinma Energy Corp., has signed a 10-year lease extension agreement for the operation of the diesel-power plant here, a contract that will yield P750 million in lease and ...

Central Visayas workers seek wage hike
BusinessWorld - 2018-04-08
NLM-Katipunan and Union Bank Employees Association; o and P120 by the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP). The law sets a one-year prescriptive period from effectivity of the prevailing wage order for petitions for ...

At 17, Miciano set to become International Master of PH chess
Rappler - 2018-04-08
He has a one-point lead over 4 rivals, including 14-year-old Daniel Quizon. "He should play for a win, no question," said Miciano's FEU coach, Jayson Gonzales. In Friday night's 8th and penultimate round, Miciano drew with Quizon. It was Miciano's 3rd ...

Landbank offers to buy outremaining Philippine Dealing System stakeholders
philstar.com - 2018-04-08
Landbank president and chief executive officer Alex Buenaventura said the bank has started to make an offer to purchase at P360 apiece the shares of other stakeholders whose share purchase agreements (SPA) with the Philippine Stock Exchange expired last ...

DoubleDragon inks P4.97 B in deals for more SM Savemore supermarkets
Rappler - 2018-04-08
MANILA, Philippines -- DoubleDragon Properties Corporation (DoubleDragon), through subsidiary CityMall Commercial Centers Incorporated (CityMall), has signed a deal that will see more supermarkets sprouting across the provinces. DoubleDragon told the ...

Michael V is still home
thestandard.com.ph - 2018-04-08
Multitalented and award-winning actor, comedian and TV host Michael V. affirmed his commitment with GMA Network, Inc. in a contract signing held on April 4. Present in the contract signing were GMA Chairman and Chief Executive Officer Atty. Felipe L.

Grave implications of contractualization in fast food firms
philstar.com - 2018-04-08
Earlier, Jalbuena's predecessor Johnson Cañete, reportedly ordered PLDT to regularize thousands of contractuals. Regional Director Zenaida Campita of southern Tagalog region is well-known for her advocacy for regularization, as many companies in ...

How solar-powered lamps empower women in Camarines Sur community
Rappler - 2018-04-08
Harnessing solar energy through small off-grid systems to power community livelihood and provide basic energy solutions is a big first step in ensuring energy access especially for people who hardly have any resources for electrification. These ...

World Bank recommends free trade zone in Basilan, Sulu, Tawi-Tawi area
Rappler - 2018-04-08
DAVAO CITY, Philippines - The World Bank recommended the creation of a free trade zone ... study is it also laid out specific recommendations for Basulta, the chain of islands in the Sulu Sea east of Sabah. "With zero tariff and few non-tariff barriers ...

Airlines add flights to other tourist spots
philstar.com - 2018-04-07
MANILA, Philippines -- Anticipating the shutdown of Boracay within the month, Philippine Airlines (PAL), Cebu Pacific and other local carriers have added flights to other tourist destinations in an effort to recover expected losses. "We are adding ...

Economic Times - 2018-04-07
ELSS is considered ideal to save taxes up to Rs 1.5 lakh under Section 80C of the Income-Tax Act. The agreement is subject to its shareholders and other regulatory/commercial approvals. The customary process for such approvals can take a timeline of 45 to ...

Prepaid electricity service makes its way to high-end market
BusinessMirror - 2018-04-07
Luis Miguel Gonzalez, vice president of Century Properties Management Construction Corp., believes in the service. "When the prepaid [meters were installed] in our Azure development, we already had three towers with the traditional meters," he said.

Labor group on fast food workers regularization: Why just now
Sun Star - 2018-04-07
This was the question raised by local labor group General Alliance of Workers Association (Gawa) after the Department of Labor and Employment (Dole) ordered fast food chain Jollibee Foods Corporation to regularize all its employees deployed in National ...

Intel 8th gen processor lineup explained
Digit - 2018-04-07
We can expect these processors to power the next-gen Apple MacBook and other high-end laptops. Beyond that, you now have the G series chips, which the company claims can beat NVIDIA GeForce GTX 1050 and GTX 1060 Max-Q powered machines in the graphics ...

Malaysian traders now keen on Philippine market
thestandard.com.ph - 2018-04-07
Lopez says the government is optimistic that more Filipino companies will soon have their presence in the mainstream Malaysian market on top of the big Filipino brands Petron Corp., San Miguel Corp. and Universal Robina Corp. "We want more exposure.

BOC files smuggling charges vs 2 ATI officials, importers
Rappler - 2018-04-07
The BOC filed the complaint before the before the Department of Justice (DOJ) against Asian Terminals Incorporated (ATI) assistant vice president for South Harbor Operations Steve Realuyo and shift manager Darwin Dalmacio on Friday, April 6. ATI operates ...

UnionBank unveils online platform where SMEs can get free digital tools
newsbytes.ph - 2018-04-07
Union Bank of the Philippines recently introduced UnionBank GlobalLinker, a free platform designed to grow the network and operational capacity, of micro, small and medium enterprises (MSMEs) in the country. "When MSMEs have access to this digital ...

IKEA to open first Philippine store at SM Mall of Asia
philstar.com - 2018-04-07
IKEA Southeast Asia Managing Director Christian Rojkjaer said the global furniture retailer will build its first Manila store at SM Mall of Asia, which is operated by SM Prime Holdings Inc., according to a report by Inside Retail magazine. "What happens ...

Government braces for legal challenges to Boracay closure
philstar.com - 2018-04-07
A provisional license was granted by the Philippine Amusement and Gaming Corp. to Macau-based Galaxy Entertainment and their Filipino partner Leisure and Resorts World Corp. "My personal position is no to that. There are a lot of places, why Boracay?

Financial Regulatory Developments Focus - April 2018
JD Supra - 2018-04-07
In the unlikely event that we believe that the security of your user information in our possession or control may have been compromised, we may seek to notify you of that development and, if so, will endeavor to do so as promptly as practicable under the ...

Bora rehab may be shorter; government details work plan
Manila Standard Today - 2018-04-07
GOVERNMENT officials said Friday they will meet the six-month deadline to clean up Boracay, even as the tourism industry scrambled to manage the fallout from its temporary shutdown that threw into chaos trips planned by hundreds of thousands of tourists ...

"A cesspool" Philippine island Boracay closes to tourists
The Weather Network - 2018-04-07
The six-month closure of the Philippine tourism island of Boracay for a revamp ... He added: "Boracay is not the first and won't be the last closure." Airlines have already started to cut back flights to Boracay, which had 2 million visitors last year ...

La Union celebrates 7th SILLAG Poro Point Festival of Lights
Philippine Information Agency - 2018-04-07
Gualberto; Municipal Mayors of La Union; Department of Tourism; Tourism Promotions Board; Department of Trade and Industry; Universal Robina Corporation; Thunderbird Resorts and Casinos; Poro Point Industrial Corporation; Pacific Paint (Boysen) Philippines ...

La Union celebrates 7th SILLAG Poro Point Festival of Lights
Philippine Information Agency - 2018-04-07
Philippine Red Cross La Union - San Fernando City Chapter; Department of Education - Region I; Commission on Higher Education - Region I; Civil Aviation Authority of the Philippines; Barangay Poro; Barangay San Vicente; Barangay San Agustin; Barangay San ...

Meralco rates up in April
philstar.com - 2018-04-06
MANILA, Philippines -- Customers of Manila Electric Co. (Meralco) will pay higher rates for the third straight month in April due to higher spot market prices. Meralco said overall rates this month increased by P0.225 per kilowatt-hour, from P10.32 to P10 ...

Market falls; URC, BDO decline
Manila Standard Today - 2018-04-06
Universal Robina Corp., the biggest snack food maker, tumbled 4.7 percent to P143, while parent JG Summit Holdings Inc. dropped 2.4 percent to P62.30. BDO Unibank Inc., the largest lender in terms of assets, declined 3 percent to P134.60. Casino operator ...

Bora rehab may be shorter; government details work plan
thestandard.com.ph - 2018-04-06
Hundreds of Boracay hotels, as well as restaurants, tour operators and business establishments were on Friday undertaking the daunting process of unwinding bookings for rooms, flights, weddings and other events and facilities. "Some people are cursing us...

Meralco to implement electricity rate hike in April
News Philippines Yahoo - 2018-04-06
According to Meralco spokesperson Joe Zaldarriaga, there will be a P45.00 increase in electric bills of households consuming 200 -per-kilowatt-hour (kWh) this month of April. It will increase more depending on the kilowatt-hour consumed. This will be ...

United Fresh announces nominations for new Board Officers and Directors for 2018-2019
FreshPlaza - 2018-04-06
Current United Chairman of the Board, Susan Reimer-Sifford, Castellini Group of Companies in ... is President of Lancaster Foods, Inc. in Jessup, MD. John has been involved in the wholesale food and retail food store business since the age of 10 through ...

John Marvin Miciano keeps 1-point lead in Asian Youth Chess
Rappler - 2018-04-06
The Philippines' chance to win its only gold medal in the 12 age-group divisions hangs in the balance. "Too much pressure," said Miciano's FEU coach Jayson Gonzales in a Viber message. "I did experience such pressure and you could hardly see everything and ...

First Philippine Holding 2017 recurring profit up 15%
BusinessWorld - 2018-04-06
FIRST Philippine Holdings Corp. (FPH) reported on Friday a 15% increase in 2017 net profit on a recurring basis to P6.8 billion, which excludes a one-off item in connection with debt prepayments by unit First Gen Corp. The net profit attributable to the ...

Megaworld $200-M senior note issue priced below guidance
BusinessWorld - 2018-04-06
MEGAWORLD Corp. has priced its $200-million fixed senior perpetual notes at 5.375%, below the initial price guidance of 6%, it told the stock exchange on Friday. "This was essentially flat to the tightest Philippine Fixed-For-Life instrument in the ...

'Cesspool': Philippine's Boracay Island to Close For 6 Months
The Weather Channel - 2018-04-06
"We need to act swiftly to save the island and avert its further deterioration." Philippine Airlines announced it would reduce flights destined for airports that serve the island. "Boracay is a national treasure," PAL president Jaime Bautista said.

Are Gold And Silver Investments Still Good Value?
Investing.com - 2018-04-06
The picture for silver investing is similar with current prices much lower than at its peak. This means ... to load up on the metal. If so, the price will inevitably bounce back with a vengeance when the banks want their holdings to increase in value.

Thai beats Cyna for 1st LPGT victory
thestandard.com.ph - 2018-04-06
TARLAC--Thai Supakchaya Pattaranakrueang claimed her first Ladies Philippine Golf Tour crown the hard way, needing three extra holes to foil Cyna Rodriguez and snare the ICTSI Luisita Ladies Championship crown at the Luisita Golf and Country Club here ...

DMCI awards
thestandard.com.ph - 2018-04-06
Diversified engineering conglomerate DMCI Holdings Inc. wins one of the four Platinum Anvils in the 53rd Anvil Awards of the Public Relations Society of the Philippines. The Anvil Awards is considered the Oscars of public relations in the country.

Market falls; URC, BDO decline
thestandard.com.ph - 2018-04-06
Losers beat gainers, 130 to 80, with 40 issues unchanged. Universal Robina Corp., the biggest snack food maker, tumbled 4.7 percent to P143, while parent JG Summit Holdings Inc. dropped 2.4 percent to P62.30. BDO Unibank Inc., the largest lender in terms ...