CityMall secures P5-billion lease contracts
thestandard.com.ph - 2018-04-06
CityMall Commercial Centers Inc., a joint venture between DoubleDragon Properties Corp. and SM Investments Corp., won lease contracts worth P4.97 billion in several CityMall sites across the country. DoubleDragon said in a disclosure to the stock exchange ...

Just beneath the surface
thestandard.com.ph - 2018-04-06
From afar, ArthaLand Century Pacific Tower appears as a structure of glass and steel common to urban landscapes. Up close, there is much more than the glass façade. The air circulates around each floor with ease and natural light is abundant in almost all ...

Inflation surge, US-China trade row weigh on sentiment
BusinessWorld - 2018-04-06
Universal Robina Corp. that went down 4.67% to P143; Ayala Land, Inc. that declined by 1.80% to P41 and GT Capital Holdings, Inc. that dipped by 0.70% to P1,140 each; o and seven others that gained, led by PLDT, Inc. that went up 0.88% to P1,487 apiece ...

Lighting up the Skyline
thestandard.com.ph - 2018-04-06
It features spaces for recreation, relaxation, fitness, social gatherings and business pursuits. Each unit has a private balcony. Units in the topmost floors include private decks of at least 55 sqm., with the floors havinag as little as 4 units to a floor.

AC Energy eyes power portfolio topping 5 GW
BusinessMirror - 2018-04-06
AC Energy, the power arm of conglomerate Ayala Corp., aims to build a diversified power portfolio of more than 5 gigawatts (GW) by 2025. "Our goal is to exceed 5-GW of capacity by 2025. We will do this by growing both in the Philippines and around the ...

Bloomberry income doubled to record P6.07 billion in 2017
BusinessMirror - 2018-04-06
RAZON-LED gaming firm Bloomberry Resorts Corp. on Thursday said it posted a record-high income last year, mainly on the strong operational performance of its Solaire Resort and Casino operations, while reducing the net losses of its South Korean unit.

Filinvest secures gaming license for Clarkfield devt
BusinessMirror - 2018-04-06
The Filinvest Mimosa + Leisure City is a joint development of FDC and property development unit Filinvest Land Inc. (FLI). FLI launched its business park and recently completed and fully leased out its first office building with a second building to be ...

Manila port operators seek hike in cargo-handling tariff
BusinessMirror - 2018-04-06
PORT operators Asian Terminals Inc. (ATI) and International Container Terminal Services Inc. (ICTSI) have filed petitions with the Philippine Ports Authority (PPA) for cargo-handling rate increases at Manila South Harbor and Manila International Container ...

ABS-CBN top execs in Dubai
thestandard.com.ph - 2018-04-06
ABS-CBN Corporation President and Chief Executive Officer (CEO) Carlo Katigbak and Chief Operating Officer (COO) for Broadcast Cory Vidanes, together with ABS-CBN Global COO Olivia de Jesus, were warmly welcomed recently with the trademark Filipino ...

Philippine tourist island in chaos as shutdown looms
YAHOO! - 2018-04-06
The government plans police, or even military, checkpoints at ports to keep tourists away from the tiny central Philippine island that draws two million visitors each year. Residents will get passes while Boracay is rehabilitated. Domestic airlines ...

Cimatu says no to building casino in Boracay
Rappler - 2018-04-06
(There are many other places for a casino. Why build it there?) In March, listed gaming firm Leisure & Resorts World Corporation revealed that it had bought a 23-hectare land in Boracay to build a $500-million integrated resort and casino. But environment ...

San Miguel formalizes consolidation of food and beverage business
BusinessWorld - 2018-04-06
San Miguel Corp has formalized its consolidation of its food businesses under San Miguel Food and Beverage Inc. The conglomerate announced the signing of the Deed of Exchange of Shares, wherein SMC transferred to SMFB 7.859 billion common shares of liquor ...

Meralco power rates to rise this month
BusinessWorld - 2018-04-06
A Meralco lineman works at an electric post along V. Luna in Quezon City. -- Michael Varcas / PHILIPPINE STAR Manila Electric Co. (Meralco) has announced an increase in the overall electricity rates for April at P0.2250 per kilowatt-hour (kWh) for a ...

Airlines cut back flights as Philippine holiday hotspot braces for closure
Reuters - 2018-04-06
Boracay, one of 7,300 islands in the archipelago nation, hosts 1,800 businesses, including global hotel chains like Shangri-La and Movenpick, and locally listed companies Megaworld Corp and Manila Water. Karl Chusuey, vice president for marketing at Henann ...

Feb. factory output growth fastest in nearly 8 years
BusinessWorld - 2018-04-06
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank) was of the same opinion, saying: "This very significant increase, on a first quarter, signifies that the economy is humming and is doing well." "Although it is ...

DOLE orders popular food chain to regularize more than 6,000 workers
Philippine Information Agency - 2018-04-06
DOLE National Capital Region Director Henry John Jalbuena said his office has ordered Jollibee Foods Corporation (JFC) to regularize 6,482 workers deployed by its two contractors. Aside from providing regular employment status to its workers, JFC was also ...

GLOBE TELECOM INC
Economic Times - 2018-04-06
Apple's stance, though, has irked the head of the Telecom Regulatory Authority of India RS Sharma, who says he will consult his legal team on how Apple could be pushed to help develop the app more swiftly. The sale includes Reliance's interest in assets in ...

Cavite Gateway Terminal seen to further Cavite development
Philippine Information Agency - 2018-04-06
is a partnership between the DOTr and the International Container Services, Inc. (ICTSI). The project is perceived to reduce road traffic by approximately two (2) kilometers of trucks once the terminal starts operations. Also, the first phase of the CGT ...

Cavite Gateway Terminal seen to further Cavite development
Philippine Information Agency - 2018-04-06
is a partnership between the DOTr and the International Container Services, Inc. (ICTSI). The project is perceived to reduce road traffic by approximately two (2) kilometers of trucks once the terminal starts operations. Also, the first phase of the CGT ...

Filinvest secures Pagcor permit to build $200-m casino in Clark
Manila Standard Today - 2018-04-05
Filinvest Mimosa +Leisure City is a joint venture of FDC and Filinvest Land Inc. Several companies also applied for gaming licenses with Pagcor ahead of the moratorium on new casinos. Among those that were granted provisional license were billionaires John ...

Alliance Global posted P14.9-billion earnings in 2017
Manila Standard Today - 2018-04-05
Conglomerate Alliance Global Group Inc., the holding company of tycoon Andrew Tan, said net income attributable to common shareholders reached P14.9 billion in 2017, unchanged from 2017, as the weak results from liquor and gaming units pulled down the ...

Tourism, airlines take a hit; P20-billion loss feared
thestandard.com.ph - 2018-04-05
Rosario Lagamon. Legacy carrier Philippine Airlines also adjusted its flight operations, as its chief information officer Ma. Cielo Villaluna said the airline will scale down its services to Caticlan and Kalibo airports for a six-month period beginning ...

ALI completes acquisition of Tarlac property
BusinessWorld - 2018-04-05
AYALA LAND, Inc. (ALI) on Thursday said it has completed the acquisition of several parcels of land owned by Central Azucarera de Tarlac, Inc. (CAT) in Tarlac City. In a statement, the property giant said it signed the deed of absolute sale with CAT for ...

DepEd to intensify awareness on computerization program
Philippine Information Agency - 2018-04-05
Countermeasures to deter theft and pilferage of DCP equipment include changing the color of DCP-issued devices to blue; the public warning that the said packages are government property ... the challenges of the 21 st century. These, along with the ...

DOTr not taking shortcuts in evaluating competing proposals for Naia upgrade
BusinessMirror - 2018-04-05
Goddes Hope O. Libiran, director for Communications at the DOTr, said the agency will follow a "clear and transparent process" in evaluating the proposals of Megawide Construction Corp. and rival Naia Consortium. "We will follow proper procedures in ...

Gotianun-led FDC to build $200-M casino in Clark
- 2018-04-05
By Krista A. M. Montealegre, National Correspondent THE GOTIANUN FAMILY is the latest group to venture into the booming gaming sector after securing a license to build a casino in Pampanga. In a disclosure to the stock exchange on Thursday, Filinvest Development Corp. (FDC) announced that the holding firm and subsidiary Mimosa Cityscapes, Inc. obtained …

2GO to merge operations with Nenaco
BusinessWorld - 2018-04-05
The listed firm will be the surviving entity after the transaction. 2GO Vice-President for Corporate Planning Jovito U. Santos told reporters that all Nenaco shares will be converted into 2GO shares, with 0.26 Nenaco share equivalent to one 2GO share.

Cyna holds on to 2-shot lead
BusinessMirror - 2018-04-05
000 in the P1.5-million event sponsored by ICTSI and organized by Pilipinas Golf Tournaments Inc. Monsalve, who also shot a 74 in the first round, actually grabbed the lead with an early three-birdie binge in the first five holes but cracked when the going ...

Philippine National Bank to raise $1 billion via medium-term note program
BusinessWorld - 2018-04-05
In March, Rizal Commercial Banking Corp. (RCBC) announced it upsized its own MTN program to $2 billion from the previous $1 billion to raise capital. In October 2015, the Yuchengco-led RCBC raised $320 million from the issuance of unsecured fixed-rate ...

ALI completes acquisition of Tarlac property
BusinessWorld - 2018-04-05
AYALA LAND, Inc. (ALI) on Thursday said it has completed the acquisition of several parcels of land owned by Central Azucarera de Tarlac, Inc. (CAT) in Tarlac City. In a statement, the property giant said it signed the deed of absolute sale with CAT for ...

Tech businesses powering Asia-Pacific growth
BusinessWorld - 2018-04-05
Inc.; Solid Group, Inc.; Century Pacific Food, Inc.; MacroAsia Corp.; SSI Group, Inc.; Jollibee Foods Corp.; Asian Terminals, Inc.; SPC Power Corp.; Crown Asia Chemicals Corp; Emperador, Inc.; Manila Broadcasting Co.; and Philippine H2O Ventures Corp. From ...

After Jollibee, these businesses are next on the DOLE inspections list
Rappler - 2018-04-05
Maglunsod said they will also look into the companies' compliance with occupational safety and health standards, citing the fires that destroyed the House Technology Industries (HTI) at the Cavite Export Processing Zone and the NCCC mall in Davao City ...

Sta. Lucia upsets powerhouse Petron in PSL Grand Prix
Rappler - 2018-04-05
MANILA, Philippines - Sta. Lucia Realty sent powerhouse Petron reeling in defeat with a masterful 25-18, 25-21, 25-17 conquest Thursday, April 5, in the Chooks to Go-Philippine Superliga (PSL) Grand Prix at the Filoil Flying V Centre in San Juan.

Alliance Global net income for 2017 stalls on Resorts World attack
Rappler - 2018-04-05
Megaworld Corporation, AGI's property unit, saw its net income attributable to parent company grow by 12.7% to P12.8 billion in 2017 compared to the P11.3 billion in 2016. Emperador Incorporated, meanwhile, saw its net income drop to P6.3 billion in 2017 ...

Retail electricity market participants hit 940 in Q4
BusinessWorld - 2018-04-05
In a report, the Philippine Electricity Market Corp. (PEMC) said Manila Electric Co. (Meralco) had the biggest share of the contestable market -- those whose average monthly consumption in the past year has reached the threshold set by the energy regulator.

Miciano leads Asian Youth Chess Under-18 with 5/5
Rappler - 2018-04-05
MANILA, Philippines - John Marvin Miciano will not be getting his awards in person as the top athlete and honor graduate at the FEU Diliman Senior High School on April 7. The 17-year-old is now making waves at the Asian Youth Chess Championship in Chiang ...

Filinvest to build $200-million casino-hotel complex in Clark
Rappler - 2018-04-05
The 201-hectare Mimosa+ Leisure City was previously called the Mimosa Leisure Estate. It is a joint development of FDC and its property arm Filinvest Land, and is operated by subsidiary Mimosa Cityscapes Incorporated (MCI). MCI "has earmarked a total ...

Bank schedules for April 9, Araw ng Kagitingan
Rappler - 2018-04-05
Only Security Bank branches in NAIA and NAIA Terminal 3 will be open. All other branches will resume operations by Tuesday, April 10. For assistance, customers call the 24/7 Customer Contact Center at 88-791-88 or email customercare@securitybank.com.

Airlines cut back flights as Philippine holiday hotspot braces for closure
YAHOO! - 2018-04-05
The government this week estimated the closure could shave 0.1 percent off 2018 GDP. Discovery World Corp, which operates a lavish 88-room resort in Boracay, said the closure would have a significant impact on its financial health, citing the resort's ...

Philippine stocks rally despite inflation spike
BusinessWorld - 2018-04-05
The bellwether Philippine Stock Exchange index firmed up 0.31% or 24.49 points to close ... rapid rise may be indicative of an overheating economy," Timson Securities, Inc. equity trader Jervin S. de Celis said in a mobile phone message.

2GO to merge with parent Nenaco through share swap deal
BusinessWorld - 2018-04-05
The listed firm will be the surviving entity after the transaction. 2GO Vice President for Corporate Planning Jovito U. Santos told reporters that all Nenaco shares will be converted into 2GO shares, with 0.26 Nenaco share equivalent to one 2GO share.

Century Pacific income down 4% to P2.55 billion on higher cost
BusinessMirror - 2018-04-05
The company saw topline growth across all business units throughout 2017, he added. For the full year, its branded business registered an 18-percent increase in sales to P24.9 billion, with all three units of marine, meat and milk posting a double-digit ...

Stronger demand from OFWs lifted Vista Land income in 2017
BusinessMirror - 2018-04-05
The company was able to expand its leasing business, which now included the shopping malls of unit Starmalls Inc., ending 2017 with over 1 million square meters of gross floor area. Reservations sales grew 12 percent over the last three quarters to end the ...

Megaworld raises $200 million in perpetual notes
BusinessMirror - 2018-04-05
MEGAWORLD Corp., the property development arm of businessman Andrew Tan, on Wednesday said it raised $200 million (P10.427 billion) in senior, unsecured perpetual notes. In its disclosure to the Philippine Stock Exchange, the company said its notes carry a ...

SBS completes P2-billion capital infusion in property unit
BusinessMirror - 2018-04-05
SBS Philippines Corp., a company best known as a chemical trader ... on property development only involves small-ownership stake in firms investing in real estate. The company said the strategy is to go into small ownership in firms rather than having ...

Airlines cut back flights as Philippine holiday hotspot braces for closure
Reuters - 2018-04-05
MANILA (Reuters) - A decision by Philippine President Rodrigo Duterte to shut the holiday hotspot of Boracay, which he has called a "cesspool", prompted airlines to cut flights on Thursday, as hotels prepared for cancellations and businesses appeared ...

SMC President Ramon Ang: Boracay rehab 'a step in the right direction'
CNN Philippines - 2018-04-05
Metro Manila (CNN Philippines, April 5) -- San Miguel Corporation (SMC) president and COO Ramon S. Ang expressed on Thursday his support for the government's temporary closure of the island destination Boaracay. SMC operates the Boracay Airport in ...

PNB to raise $1 billion under EMTN program
BusinessWorld - 2018-04-05
Cebrero III; Chief Financial Officer Nelson C. Reyes and Corporate Treasurer Maria Paz D. Lim, to select the arrangers, lead managers, book runners and co-managers and other third parties as well as determine the terms of EMTN issuance among others.

Bloomberry earnings soar 161%
BusinessWorld - 2018-04-05
Bloomberry Resorts Corp. saw its profits soar by 161% in 2017, driven by record gaming volumes at Solaire Resort and Casino. In a regulatory filing, Bloomberry said it recorded a net income of P6.06 billion last year, almost triple the P2.3 billion it ...

Airlines cut back flights as Philippine holiday hotspot prepares for closure
Business Insider - 2018-04-05
MANILA (Reuters) - A decision by the Philippines to close the holiday hotspot of Boracay, which President Rodrigo Duterte has called a "cesspool", prompted airlines Thursday to cut back flights to the island, while business groups called for the decision ...