GT Capital spending over P100 billion in 2018
Rappler - 2018-04-01
MANILA, Philippines - GT Capital Holdings Incorporated is spending as much as P111.9 billion this year, mainly to fund its banking unit's improvement of capital ratio and expansion of electronic banking channels. The George Ty-led holding firm told the ...

Rules clarifying REITs’ VAT status out; public ownership unresolved
- 2018-04-01
THE GOVERNMENT has released three new implementing regulations in connection with the Tax Reform for Acceleration (TRAIN) law, including the tax treatment of properties transferred to Real Estate Investment Trusts (REITs), an issue which has delayed the development of the sector for nearly a decade. The BIR issued Revenue Regulation (RR) 13-2018 dated March 15 …

First Gen eyes 2 new gas power plants in Batangas
thestandard.com.ph - 2018-04-01
First Gen Corp., a unit of the Lopez Group, plans to build two 450-megawatt, natural gas-fired power plants in Batangas, namely Santa Maria and Saint Joseph, as part of an expansion program. "The company expects that the construction and operation of ...

Freelancing taking root in the Philippines - study
Rappler - 2018-04-01
MANILA, Philippines - To a worker stuck in a routine 9-5 office job, the ability to create one's own hours and work from anywhere would seem like a dream. Freelancing, wrapped up in the catch-all term "gig economy," has rapidly taken root around the ...

Philippine banks on alert after cyber attack at Malaysia central bank
Business Insider - 2018-03-31
In February 2016, the Philippine financial system was thrown into the global spotlight after $81 million that was stolen from Bangladesh central bank was channeled into several accounts at Manila-based Rizal Commercial Banking Corp (RCBC), before ...

Philippine banks on alert after cyber attack at Malaysia central bank
Reuters - 2018-03-31
In February 2016, the Philippine financial system was thrown into the global spotlight after $81 million that was stolen from Bangladesh central bank was channeled into several accounts at Manila-based Rizal Commercial Banking Corp (RCBC), before ...

Trans Asia Corporation Ltd Share Holding
Economic Times - 2018-03-31
Trans Asia Corporation Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs .00 Crore) operating in Pharmaceuticals and health care sector. Trans Asia Corporation Ltd. key Products/Revenue Segments include for the year ...

Robert Pagliarini
Investopedia - 2018-03-30
They currently support orphanages and schools in Vietnam, Thailand, Cambodia, Philippines, and Burma and have previously ... No advice may be rendered by Pacifica Wealth Advisors, Inc. unless a client service agreement is in place.

UBS Settles New York AG RMBS Claims for $230M
JD Supra - 2018-03-29
By using the Service, you signify your acceptance of this Policy. Information Collection and Use by JD Supra JD Supra collects users' names, companies, titles, e-mail address and industry. JD Supra also tracks the pages that users visit, logs IP addresses ...

Tay time: how Dundee became the perfect home for the new V&A
The List - 2018-03-29
The answer to all of these is Dundee, which will have its Bilbao moment in September when the only Victoria & Albert Museum outside London ... by the Tay which was chiefly distinguished by the milling of jute (a now defunct industry) and the production ...

China cyber spy chief revealed
The Washington Times - 2018-03-29
Liu directed cyberspying operations on U.S. companies during talks with officials from the state-owned China National Offshore Oil Corp. (CNOOC ... policy of supporting science and technology development. Former Pentagon China specialist Mark Stark ...

Chinese casino to replace local businesses in Boracay
Bulatlat - 2018-03-29
While small businesses have been ordered closed, the Philippine Amusement and Gaming Corp. (PAGCOR) granted Galaxy Entertainment Group (GEG) and its listed local partner Leisure and Resorts World Corp. (LRWC) a gaming license to operate a $500-million ...

Our history
ey.com - 2018-03-29
The Center also became the home of the Institute of Advanced Computer Technology (I ... to become a partner in development of the country where it operates. The Arthur Andersen Worldwide Organization shares this vision. 1992 to 1996 - Birth of the New ...

National winners of the 2018 Metrobank Math Challenge awarded
Philippine Information Agency - 2018-03-29
They were awarded by (standing) Education ... technology that leads to faster generation of contest results. Out of the 30 competing schools, 19 produced their first ever national finalists. They are Ilocos Sur National High School (Vigan City), College ...

National winners of the 2018 Metrobank Math Challenge awarded
Philippine Information Agency - 2018-03-29
They are Ilocos Sur National High School (Vigan City), College of the Holy Spirit of Tarlac (Tarlac City), Maliwalo High School ... School (Iligan City); Mindanao State University - Iligan Institute of Technology Integrated Development School (Iligan ...

NBI arrests 5 people for illegal sale of Boracay lands
CNN Philippines - 2018-03-28
Metro Manila (CNN Philippines, March 28) -- The National Bureau of Investigation (NBI) arrested several individuals on Tuesday for allegedly selling inalienable land in Boracay. In a press release on Wednesday, it said the subjects, Gina Talapian, Lorelei ...

GT Capital core profit hits P15 billion in 2017
BusinessWorld - 2018-03-28
Consolidated revenues increased 19% to P239.8 billion in 2017 from P202.1 billion a year ago on the back of strong unit sales from Toyota Motor Philippines Corp. as well as improved performance from associates Metropolitan Bank & Trust Co. (Metrobank), AXA ...

First Gen still keen on run-of-river hydro projects
BusinessWorld - 2018-03-28
FIRST GEN Corp. is not giving up on its plan to build run-of-river hydroelectric power plants as the Lopez-led company is now "strengthening its expertise" in the construction and development of such facilities. The preparation is aimed at starting the ...

The sacrifice single mothers make
CNN Philippines - 2018-03-28
She also takes note of a Social Security System benefit ... and jobs -- became a support group and testament to how she was not alone. Abonita worked at a pharmaceutical company for 15 years, and is now in between jobs. However, she shares her disposition ...

Peso climbs on profit taking
BusinessWorld - 2018-03-28
"If I were to guess, probably it came from the rights offering of Metrobank (Metropolitan Bank & Trust Co.). But with the move today, that might be one of the reasons," the trader added. Metrobank is conducting a P60-billion rights offering to raise ...

Shares fall ahead of Lenten break
BusinessWorld - 2018-03-28
The expected window dressing for this last day of the quarter was offset by investors looking to take profit," Regina Capital Development Corp. Managing ... Leading losers was SM Investments Corp. with a 3.27% loss to P917 each, followed by Manila ...

Italpinas secures P420-million loan from LandBank
BusinessMirror - 2018-03-28
BOUTIQUE property developer Italpinas Development Corp. on Monday said it secured a P420-million term loan from state-owned Land Bank of the Philippines (LandBank) to finance its third project to be located in Santo Tomas in Batangas. The company said it ...

Phil Younghusband hopes Azkals' barging to Asian Cup will be 'catalyst' for PH football
Rappler - 2018-03-28
Found in his sweet spot, the captain charged towards the ball and mercilessly converted the penalty for his half-a-century international goal and ... witnessing history from the comforts of their homes or braving the packed grandstand that ensured that ...

ABS-CBN targets six million TVplus boxes sold this year
BusinessWorld - 2018-03-28
Cerrado told reporters last week. The Lopez-led company launched TVplus digital box product as part of its Digital Terrestrial Television (DTT) business back in 2015. The product gives customers access to free-to-air channels such as ABS-CBN and ABS-CBN ...

BUSINESSES WITH HEARTS | BPI Sinag Year 4 social enterprises program launched
InterAksyon - 2018-03-28
BPI Foundation, the social innovation arm of the Bank of the Philippine Islands, has announced the launch of the 4th year of BPI Sinag, its flagship program that accelerates social enterprises, or businesses creating products and services that aim to make ...

Free gift? China extends influence in Africa with $32M grant for regional HQ
CNN Philippines - 2018-03-28
The China Development Bank Corporation will work with "an ECOWAS designated authority" to "verify records of account payments at regular intervals" throughout the construction process, according to ECOWAS. That foreign supervision is necessary, Taylor says ...

Kaka Bag-ao on speaking up against a supermajority
Rappler - 2018-03-28
I also volunteered when the La Salle brothers gave leadership trainings for fisher folks in Laguna de Bay, so I lived with fisherfolk for ... even though we are silenced all these years, to be the voice of other women who are victims of violence, of ...

SHOW ME | Xiaomi announces new phones, new retail partners, new store in PH
InterAksyon - 2018-03-28
(Left to Right) Ray Alimurung, Chief Business Officer for Brands and Retail, Lazada, John Chen, Director for Southeast Asia, Xiaomi, Joyce Borlagdan, Brand Manager, Grimalkin Corporation Xiaomi announced that it has inked a partnership with Grimalkin ...

Urban farms
Manila Standard Today - 2018-03-27
Aboitiz Equity Ventures vice president for external corporate relations Christopher Camba, ATI chief for partnerships and accreditation division Renato dela Cruz and AEV-government relations manager Michelle de Guzman. Topics: Agriculture Department ...

Stocks climb on window dressing
Manila Standard Today - 2018-03-27
Alliance Global Group Inc. of tycoon Andrew Tan climbed 2.7 percent to P13.08, while major property developer Ayala Land Inc. gained 2.5 percent to P41.10. Meanwhile, a wave of optimism flowed across Asian markets on Tuesday as fears of a US-China trade ...

PSE index rebounds as investors pick up bargains
BusinessWorld - 2018-03-27
Regina Capital Development Corp. Managing Director Luis A ... Metropolitan Bank & Trust Co. gained 3.37% to P85.80, while SM Prime Holdings, Inc. increased 1.92% to P34.50 each.

Toys "R" Us Philippine operations unaffected by US store closures
BusinessMirror - 2018-03-27
In the Philippines, Toys"R"Us is operated by Robinsons Toys, Inc., a wholly-owned subsidiary of Robinsons Retail Holdings, Inc. (RRHI), with a total of 83 stores composed of 36 stand-alone branches and 47 "Toybox" sections in Robinsons Department ...

Año: I don't agree with building a casino in Boracay
CNN Philippines - 2018-03-27
The Leisure & Resorts World Corporation (LRWC) on March 20 said its subsidiary, GEG, has acquired 23 hectares of land in Boracay's Barangay Manoc-Manoc, which is located opposite the white beach often visited by tourists. Related: Macau casino operator ...

PAL Express completes IATA safety audit
Rappler - 2018-03-27
MANILA, Philippines - PAL Express, the budget carrier of Philippine Airlines (PAL), was able to pass its 3rd straight safety audit. "PAL Express successfully completed for the 3rd consecutive time the IATA Operational Safety Audit (IOSA), confirming the ...

DTI holds overseas and domestic construction information and capacity-building sessions
BusinessMirror - 2018-03-27
The Development Bank of the Philippines discussed its financing program ... is greater market access in six Asean FTA partners (i.e. Australia, New Zealand, China, South Korea, India and Japan). Additionally, there is an ongoing discussion on the movement ...

Vios Cup 5 kicks off next month
BusinessWorld - 2018-03-27
The first and last legs of the Vios Cup this year will be held at the Clark International Speedway in Pampanga, while the second leg will be held at Filinvest, Alabang, bringing the motorsports experience back to the streets of Metro Manila. A brainchild ...

New investment opportunity in the Bay Area
BusinessMirror - 2018-03-27
Over the years, the area has become well known as the site of the Mall of Asia Complex, the Metropolitan Park, Solaire Resort and Casino, the City of Dreams Manila, Okada Manila and the recently opened DD Meridian Park of DoubleDragon Properties.

Toys "R" Us Philippine operations unaffected by US store closures
thestandard.com.ph - 2018-03-27
It is business as usual at Toys "R" Us Philippines despite the global toy brand winding down operations in the United States. Expansion plans remain bullish as the company targets to open more stores within the year, and with sales driven by the ...

8990 ready to turn over first high-rise project
BusinessMirror - 2018-03-27
MASS-HOUSING builder 8990 Holdings Inc. on Monday said its first high-rise development in Metro Manila has already been completed and sold less than two years after it was launched. "The fast take-up of the units convinced us to continue development of ...

Stocks decline; Now, DMCI retreat
Manila Standard Today - 2018-03-26
The stock market pared its losses in late trading Monday on lingering concerns over a possible trade war between The United States and China. The Philippine Stock Exchange Index fell 38.42 points, or 0.5 percent, to 7,932.38 after shedding by as much 1.7 ...

Phinma swung to a net loss of P29-milion last year
Manila Standard Today - 2018-03-26
Phinma Corp. reported a net loss of P29 million in 2017, a turnaround from a profit of P277 million in 2016, due to lower income from core subsidiaries. Phinma said in a disclosure to the stock exchange consolidated revenues in 2017 amounted to P6.4 ...

Mayor Osmeña drug protector, Aguirre claims
thestandard.com.ph - 2018-03-26
JUSTICE Secretary Vitaliano Aguirre II on Monday lashed out at Cebu City Mayor Tomas Osmeña for threatening to file graft and disbarment cases against him for interfering in cases filed by the local government against SM and BDO, the mall giant and bank ...

AboitizPower implements reorganization plan
BusinessWorld - 2018-03-26
THE reorganization at Aboitiz Power Corp. has left its president giving up his previously concurrent position as chief operating officer, while other officers have been given either a bigger role or an expanded one. "On March 24, 2018, [AboitizPower ...

Megaworld sets aside P60 billion for 2018 capex
BusinessWorld - 2018-03-26
Megaworld is the property arm of Alliance Global Group, Inc., which also has core interests in liquor, gaming, and quick service restaurants.

8990 completes its 1st high-rise development in Metro Manila
BusinessWorld - 2018-03-26
MASS HOUSING developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila. In a disclosure to the stock exchange on Monday, the listed firm said it has finished work on Urban Deca Towers EDSA in Barangay Highway Hills ...

Phoenix Petroleum names new chief finance officer
BusinessWorld - 2018-03-26
This year, on top of capital expenditure for the organic growth of its existing fuel business, the company will be funding its acquisition of Philippine FamilyMart and its investment in Phoenix Asphalt. As treasurer and head of corporate finance ...

SC rules in favor of PAL in retrenchment case vs. FASAP
CNN Philippines - 2018-03-26
Metro Manila (CNN Philippines, March 26) -- The Supreme Court en banc voted in favor of the Philippine Airlines (PAL) in its two decades-old controversial labor case against the Flight Attendants and Stewards Association of the Philippines (FASAP).

Two proposals for Naia upgrade fail to impress Filipino aviation expert
BusinessMirror - 2018-03-26
Further expansions are planned to meet projected passenger demand moving forward. More expansion will follow to meet the expected growth in tourism, business and the economy. In 2017 the four Naia terminals, designed to handle only 31 million, accommodated ...

Megaworld net income rose 13% to P13.3 billion in 2017
BusinessMirror - 2018-03-26
THE property-development arm of businessman Andrew Tan reported a double-digit growth rate in its income last year, while income of his gambling business fell mainly due to the loss of its gambling facilities in the middle of last year. Megaworld Corp ...

Dairy Farm, Gokongwei Group tie-up aims to rule Philippine food retail
Nikkei Asian Review - 2018-03-26
Their combined sales could surpass that of supermarket operator Puregold Price Club, which has yet to release official earnings for last year, but, based on its average compounded annual growth rate of 15.4% from 2013-2016, could post around 130 billion ...