DoLE orders regularization of over 7,000 workers under Jollibee group
BusinessWorld - 2018-04-04
The Department of Labor and Employment (DoLE) has ordered regular employment status for more than 7,000 workers of Jollibee Foods Corp. (JFC) contractors and refund nearly P20 million in "illegal payment collections" to affected employees as part of an ...

Stocks dip on Jollibee news, US-China trade war
BusinessWorld - 2018-04-04
The local barometer fell on Wednesday, April 4, tracking the negative sentiment in regional markets, alongside the sell-off of shares in Jollibee Foods Corp. (JFC) after the government ordered the company to regularize its workers. The Philippine Stock ...

DOLE orders Jollibee to regularize over 6,000 workers
Rappler - 2018-04-04
MANILA, Philippines - The Department of Labor and Employment (DOLE) on Wednesday, April 4, ordered popular Philippine fast food company Jollibee Foods Corporation to regularize more than 6,000 workers, as the agency continues its campaign against ...

California DBO, Virginia AG Target Short-term Lending
Lexology - 2018-04-04
"By disguising their loans as sales, these companies tried to get around important laws that protect seniors and retirees on fixed-incomes from financial exploitation," AG Mark R. Herring said in a statement. To read the DBO Consent Order, click her

Makers Wanted
Comstock's Magazine - 2018-04-03
California lost about 40 percent of its manufacturing jobs between 1990 and 2012 -- 842,180 jobs -- according to a report by the Los Angeles County Economic Development Corporation. Yet it remains a top manufacturing center in the United States ...

Consortium: Government needs an upgraded Naia to make inclusive growth a reality
BusinessMirror - 2018-04-03
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 ...

First Gen aims to secure more supply deals
BusinessWorld - 2018-04-03
FIRST GEN Corp. is aiming to secure power supply contracts for 92% of the capacity it generates this year, an improvement over the 80% it recorded last year, the Lopez-led company told the stock exchange. The target is among the "strategic thrusts" for ...

Phoenix Petroleum says market share reaches 6.2%
BusinessWorld - 2018-04-03
The company noted its share included that of the liquefied petroleum gas (LPG) business acquired last year and which has been renamed Phoenix LPG Philippines, Inc. "Phoenix recorded its best performing year yet in 2017 when it posted triple all-time ...

BPI Family sees strong loan growth despite higher prices due to TRAIN
BusinessWorld - 2018-04-03
The thrift lending arm of listed Bank of the Philippine Islands (BPI) is bullish on its loan growth despite the effects of the tax reform law. In a round-table discussion on Tuesday, Joaquin Mari B. Abola, retail lending group head at BPI Family Savings ...

ICTSI to operate Motukea terminal by middle of May
BusinessWorld - 2018-04-03
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Tuesday said it expects to start operations of its Motukea International Terminal (MIT) in Port Moresby, Papua New Guinea by mid-May. This after the ICTSI South Pacific signed an agreement with the ...

Gender-equality score slides-PIDS
BusinessMirror - 2018-04-03
Those in vulnerable employment, he added, are less likely to have formal work arrangements, and are therefore more likely to lack decent working conditions, adequate social security and voice ... which is the second-poorest group in the population ...

Wenceslao group aims to bag government construction projects
BusinessMirror - 2018-04-03
"We also have our own projects in Aseana, which will be a central business district in the coming years within the huge development encompassing Entertainment City, Mall of Asia, the Philippine Senate and various other developments," he said. The ...

ArthaLand eyes leadership in green building development
BusinessMirror - 2018-04-03
"It starts with the façade of the building, which gives importance to light," he said. Po said the business center is going to be positioned as the central hub of ACPT where guests, tenants and occupants can gather to exchange ideas: occupants such as ...

Daniel Quizon stuns top seed in Asian Youth
Rappler - 2018-04-03
Miciano, the national junior champ from FEU, defeated Ahmad Nazari Emir Rusyaidi. The National Chess Federation of the Philippines decided to raise Quizon on a higher category to test his potential after recent successes, led by a second place finish at a ...

Tight finish looms in Luisita
BusinessMirror - 2018-04-03
Princess Superal seeks to extend her win run to three but expects a tougher, fiercer challenge from a souped-up field in the International Container Terminal Services Inc. (ICTSI) Luisita Ladies Championship, which gets going today at the Luisita Golf and ...

Philippines stocks higher at close of trade; PSEi Composite up 0.12%
Investing.com - 2018-04-03
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 99 to 91 and 65 ended unchanged. Shares in Aboitiz Power Corp (PS:AP) fell to 3-years lows; down 3.61% or 1.40 to 37.40. Gold Futures for June delivery was up 0.08% or 1.10 to $ ...

Bargain hunting continues to lift stocks
BusinessWorld - 2018-04-03
Another nine declined, with Bank of the Philippines Islands and Universal Robina Corp. losing 2.77% to P108.70 each and 1.98% to P148.50 each, respectively. -- Arra B. Francia

Megaworld to raise funds via offshore debt market
BusinessMirror - 2018-04-03
MEGAWORLD Corp., the property-development arm of businessman Andrew Tan, is tapping the offshore market to raise funds. In its disclosure to the Philippine Stock Exchange, the company said it is mandating J.P. Morgan as its sole bookrunner to arrange a ...

Gov't negotiating with China-led consortium to rebuild Marawi; initial cost at ?17-B
CNN Philippines - 2018-04-03
Anhui Huali Construction Group Co. Ltd., China Geo Engineering Corp., TBEA Co. Ltd., and Shandong Jinyuan Homes Industry Development Co. Ltd. Local firms in the consortium are Future Homes Philippines Inc., A Brown Company Inc., H.S. Pow Construction and ...

NEDA body approves San Miguel's Bulacan airport, 8 other projects
Rappler - 2018-04-03
MANILA, Philippines - San Miguel Corporation's P700-billion proposal to build, operate, and maintain an airport in Bulacan - along with 8 other infrastructure projects - has been approved by a National Economic and Development Authority (NEDA) body ...

Smart makes first successful 'Voice over Wifi' call in PH
Rappler - 2018-04-03
To be clear, the service is not yet available commercially but will be coming soon. "We look forward to letting our customers make Wifi calls on PLDT Home and Smart Wifi soon," said Mario Tamayo, PLDT and Smart Senior Vice President for Network Planning ...

California DBO, Virginia AG Target Short-term Lending
JD Supra - 2018-04-02
"By disguising their loans as sales, these companies tried to get around important laws that protect seniors and retirees on fixed-incomes from financial exploitation," AG Mark R. Herring said in a statement. To read the DBO Consent Order, click her

MetroPac acquiring P1.98-billion stake in Vietnam water firm
Manila Standard Today - 2018-04-02
MetroPac Water Investments Corp., a wholly-owned unit of Metro Pacific Investments Corp., said it is acquiring a 49-percent stake in one of the largest water companies in Vietnam for P1.98 billion. MPIC said in a disclosure to the stock exchange MPW signed ...

First Metro says Q1 GDP growth likely topped 7%
Manila Standard Today - 2018-04-02
economists from First Metro Investment Corp. and University of Asia & the Pacific said in a joint report Monday. The projection for the January-to-March period this year would be faster than the 6.4-percent actual expansion in the same period last year.

Megaworld returning to debt market after 5 years
Manila Standard Today - 2018-04-02
Megaworld Corp., the property unit of billionaire Andrew Tan, is returning to the debt market for the first time in five years. Megaworld said in a disclosure to the stock exchange it tapped J.P. Morgan as the sole book runner to arrange a series of fixed ...

Aboitiz Power joins solar rooftop trade
Manila Standard Today - 2018-04-02
Aboitiz Power Corp. is joining the solar rooftop business with the creation of a new unit--Aboitiz Power Distributed Energy Inc., or APX. Aboitiz Power said in a statement APX was completing several key projects in Luzon and Visayas in 2018, with plans to ...

Fuel prices to go up tomorrow
BusinessWorld - 2018-04-02
On Sunday, Petron Corp. increased its LPG price by P0.25 per kilogram and its autoLPG by P0.15 per liter to reflect the movements in the international contract prices of LPG for this month. -- Victor V. Saulon

The perks of world-class medical insurance
Manila Standard Today - 2018-04-02
To learn more about GHA, call the AXA customer service hotline at (02) 5815-AXA (292) or talk to an AXA Financial Coach at any AXA, Metrobank, or PSBank branch nationwide. You may also visit www.axa.com.ph/health-protection/global-health-access for more ...

Pump prices hiked for second straight week
thestandard.com.ph - 2018-04-02
PTT Philippines, Phoenix Petroleum Philippines and Flying V issued advisories of the oil price hike while other oil firms are expected to follow. Eastern Petroleum, for its part, said it will not adjust the price of its EC Gas LPG, its own brand of ...

Factory activity picks up despite inflation
BusinessWorld - 2018-04-02
A PMI reading above 50 suggests improvement in business conditions, while a score below that signals deterioration. The Philippine reading in March signaled "further improvement in the health of the sector," report read, with rate of output growth ...

MetroPac Water gains a foothold in Vietnam
BusinessWorld - 2018-04-02
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- maintains ...

705 New Swim Jobs You Might Love
SwimSwam - 2018-04-02
This position will be working with our Age Group Development Lead Coaches, assisting them in developing our young athletes. D&J Sports has an opening for full-time retail store and swim meet ... The Fort Belvoir Swim Team, Inc. is in need of a strong ...

Megaworld planning offshore bond issuance
BusinessWorld - 2018-04-02
The firm is the property arm of Alliance Global Group, Inc., which also has core interests in liquor, gaming, and quick service restaurant. Shares in Megaworld climbed 10 centavos or 2.13% to close at P4.79 apiece at the Philippine Stock Exchange on Monday.

Maynilad to spend P1.7B on wastewater projects
BusinessWorld - 2018-04-02
Metro Pacific Investments Corp., which has majority stake in Maynilad, is one of three 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 ...

Global-Estate Resorts profit up 56% in 2017
BusinessWorld - 2018-04-02
GLOBAL-ESTATE Resorts, Inc. is developing the 1,200-hectare Twin Lakes estate in Tagaytay. -- GLOBAL-ESTATE RESORTS, INC. GLOBAL-ESTATE Resorts, Inc. (GERI) reported its net income attributable to the parent expanded by more than half in 2017, pushed by ...

BPI sets pricing, terms for stock rights offering
BusinessWorld - 2018-04-02
BANK of the Philippine Islands (BPI) has set the final terms for its ... to fund its loan portfolio expansion as well as to fully acquire its credit card arm Metrobank Card Corp. from ANZ Funds Pty. Ltd. Meanwhile, Rizal Commercial Banking Corp. plans ...

Market climbs on bargain-hunting
thestandard.com.ph - 2018-04-02
Gainers beat losers, 131 to 81, with 36 issues unchanged. Now Corp., which is bidding to become the third major telecommunications company in the Philippines, advanced 12.3 percent to P9.20, while JG Summit Holdings Inc. of industrialist John Gokongwei ...

Tight supply leads to higher power rates in April
thestandard.com.ph - 2018-04-02
"There are very strong indications that spot market prices will register significant increases this March, which would be reflected in the April generation charge," Meralco head of utility economics Lawrence Fernandez said. He said the March supply ...

Group criticizes result of House probe on PSAs
BusinessMirror - 2018-04-02
A consumer welfare group has expressed disgust over the results of a Lower House investigation into seven multi-trillion-peso power supply agreements (PSAs) of Manila Electric Co. (Meralco), which, the group said, is mired in controversies for their ...

Power rate hike likely in April amid spot-market price spike
BusinessMirror - 2018-04-02
Electricity rates this month are expected to go up, mainly due to a spike in spot-market prices, according to the Manila Electric Co. (Meralco). "There are very strong indications that spot-market prices will register significant increases this March ...

Lender tool allows MSMEs to optimize operations
BusinessMirror - 2018-04-02
"We are strongly committed to empowering MSMEs in the Philippines by providing business solutions and other opportunities that meet their needs. Now we are going a step further through UnionBank GlobalLinker, an innovative digital platform that helps ...

Thais back in full force
thestandard.com.ph - 2018-04-02
THAILAND is fielding in a seven-player contingent, all ready to stop Princess Superal and the rest of the local aces in the ICTSI Luisita Ladies Championship firing off tomorrow (Wednesday) at the Luisita Golf and Country Club in Tarlac. The Thais have won ...

Maynilad earmarks P1.7 billion to boost sewerage coverage
BusinessMirror - 2018-04-02
MAYNILAD Water Services Inc. (Maynilad) has earmarked P1.7 billion this ... The West Zone is composed of the cities of Manila (certain portions), Quezon City (certain portions), Makati (west of South Super Highway), Caloocan, Pasay, Parañaque, Las Piñas ...

Oil firms hike pump prices anew
BusinessMirror - 2018-04-02
LOCAL pump prices are on the rise again, reflecting movements in the international petroleum market. PTT Philippines Corp. and Phoenix Petroleum Philippines Inc. said they would implement a price increase of P0.90 per liter for gasoline and P1 per liter ...

Global-Estate Resorts net income up 45% to P1.6 billion in 2017
Rappler - 2018-04-02
MANILA, Philippines - Listed Global-Estate Resorts Incorporated (GERI), Megaworld Corporation's integrated tourism and leisure brand, saw its bottom line rise in 2017 on strong real estate sales. GERI reported a full-year 2017 net income of P1.6 billion ...

MPIC unit to submit proposal for Cavite toll road next month
BusinessWorld - 2018-04-02
CAVITE Infrastructure Corp. (CIC) said it will submit next month to the government a formal proposal for the "Segment 5" project linking the Manila-Cavite Expressway, to which group company MPCALA Holdings, Inc. holds the concession, to Rosario, Cavite ...

Reputation is how people see you or what they think of you
BusinessMirror - 2018-04-02
Bong R. Osorio is a communications consultant of ABS-CBN Corp., SkyCable, Dentsu-Aegis Network and government projects, among others, after retiring as the vice president and head of the Corporate Communications Division of ABS-CBN. We are devoting a ...

Metro Pacific expands footprint in Vietnam water market
Rappler - 2018-04-02
MANILA, Philippines - A subsidiary of Manuel Pangilinan-led Metro Pacific Investments Corporation (MPIC) is buying a 49% stake in one of the largest water utility companies in Vietnam for P1.98 billion. MPIC told the Philippine Stock Exchange (PSE ...

Anticipating a stock market crash
BusinessMirror - 2018-04-02
This coming weekend, the TGFI (The Global Filipino Investors) Financial Literacy Summit will be held at the SMX Convention Center at the Mall of Asia. On Sunday afternoon, I will be addressing the question of "How to Determine a Possible Stock Market ...

Imagining the future of energy
Rappler - 2018-04-02
For the 2018 edition of the competition, the Shell Scenarios team guided the students in developing scenarios based on the question: "More and cleaner energy in urban Asian and Middle Eastern homes in 2050 ... the middle of this century.