Ayala Corp. drops after Mitsubishi sells shares
BusinessWorld - 2018-03-20
SHARES in Ayala Corp. fell sharply on Tuesday after a key shareholder sold a block of shares at a steep discount to the prevailing market price. Ayala shares plunged 7.23% -- the biggest decline since September 2017 -- to settle at P937 each at the close ...

Sta. Lucia signs P5-B corporate notes facility
BusinessWorld - 2018-03-20
STA. LUCIA LAND, Inc. (SLI) on Tuesday said it has signed a P5-billion notes facility with several banks, as it seeks to pay existing debt and fund new projects. In a statement, SLI said it signed the notes facility with China Bank Capital Corp. acting as ...

Enjoy your favorite C2 Green Tea with a refreshing new look
BusinessMirror - 2018-03-20
C2 Cool and Clean unveils its fresh new look #C2Refresh. Universal Robina Corporation (URC) brings a new and exciting look to your favorite C2 Cool and Clean. URC is a game-changer in the local beverage industry. In 2004, it stirred the market with the ...

DOLE also accountable after deadly Manila Pavilion blaze, KMU says
BusinessMirror - 2018-03-20
LABOR group Kilusang Mayo Uno (KMU) called on the Department of Labor and Employment (DOLE ... the Resorts World Manila in Pasay in June 2017, the House Technology Industry in Cavite in February 2017 and the Kentex Manufacturing Inc. in Valenzuela in ...

PSEi enters correction phase, drops 2 percent to 8,059.60 points
BusinessMirror - 2018-03-20
Most of the top-traded shares were down, led by property developer Ayala Land Inc. that lost P0.50 to P41, parent firm Ayala Corp. declined P73 to P937, Now Corp. was up P0.23 to P10.10, BDO Unibank Inc. fell P4 to P145, Metropolitan Bank and Trust Co ...

LBC buys forwarding firm, consolidates digital logistics
BusinessMirror - 2018-03-20
Courier LBC Express Holdings Inc. (LBC) on Tuesday said it bought a minority ownership in a forwarding company and a controlling stake in a digital logistics firm that it plans to help in its push for its e-commerce. The company in its disclosures to the ...

Payment systems for SMC, MPIC toll roads integrated by April
BusinessWorld - 2018-03-20
used in Metro Pacific-operated expressways, interoperable with SMC-operated expressways. According to reports, Autosweep RFIDs can now be used for the North Luzon Expressway (NLEx), Subic-Clark-Tarlac Expressway (SCTEx), and the Manila-Cavite Expressway ...

Boracay is just the tip of the garbage dump
BusinessWorld - 2018-03-20
You see, I built my very first house in ParaƱaque City back when the creek adjoining my property was clean enough for swimming ... to dredge sludge accumulated for over half a century and fix the sewage disposal system to minimize the foul smell.

Tough grind in Stage 3
BusinessMirror - 2018-03-20
In Photo: Members of the 7-Eleven Cliqq Roadbike Philippines--(from left, sitting) Marcelo Felipe, Ar-jay Peralta, Rustom Lim, Bonijoe Martin, Daniel Ven Carino and Dominic Perez--strike a pose for the BusinessMirror with Sports Director Ric Rodriguez ...

Stocks slump; Ayala, Jollibee fall
thestandard.com.ph - 2018-03-20
Losers overwhelmed gainers, 176 to 53, with 37 issues unchanged. Conglomerate Ayala Corp. slumped 7.2 percent to P937, while unit Globe Telecom Inc., the second-biggest telecommunications firm, fell 4.7 percent to P1,591, Jollibee Foods Corp., the largest ...

Blockchain technology, cryptocurrency and real estate
BusinessMirror - 2018-03-20
This includes real estate. Dubai property scene In his article ... as the largest central business district in the Philippines. This project, in collaboration with Jbros Construction Corp., will also see the rise of a NOAH City inside the Horizon.

LBC signs deals to acquire stakes in 2 logistic firms
thestandard.com.ph - 2018-03-20
LBC Express said in a disclosure to the stock exchange it signed a deal to acquire a 30-percent interest in Orient Freight International Inc., which is engaged in freight forwarding, cargo handling and management business for P218.8 million. "This is a ...

Taganito Mining provides local tailors with P3-million modern sewing facility in Claver, Surigao del Norte
BusinessMirror - 2018-03-20
In Photo: Members and officers of Hacomuco and the tailors organization joined Nickel Asia Corp. Senior Vice President Jose B. Anievas (center, left) during the inauguration of the new multimillion facility, with Hayanggabon Barangay Captain Rito I.

Meralco criticized for using power outage threat to push for approval of power supply deals
BusinessWorld - 2018-03-20
A Meralco lineman works at an electric post along V. Luna in Quezon City. -- Michael Varcas / PHILIPPINE STAR An energy research institution has criticized distribution utility Manila Electric Co. (Meralco) for pushing for the approval of power supply ...

Philippines set to issue license to Galaxy's $500 million casino resort
Reuters - 2018-03-20
Gaming regulator Pagcor on Wednesday will sign and issue a provisional license for Galaxy and its local partner Leisure and Resorts World Corp, Domingo said. Leisure and Resorts World had acquired a 23-hectare slot in Boracay for the casino project.

LBC buys into 2 logistics firms to strengthen lead
Rappler - 2018-03-20
"This is a strategic investment for LBC as we continue to move toward expanding our business and maintaining our number one position in the industry," LBC chief executive Mike Camahort said in the disclosure. "Having a stake in OFII will yield LBC enhanced ...

Maynilad: sustained pipe-laying has expanded water line by 68%
InterAksyon - 2018-03-20
MANILA - West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) installed 38 kilometers of new ... have allowed more people to receive potable water supply, as the company increased its customer base last year by 4% to 1,358,758 accounts.

Philippines stocks lower at close of trade; PSEi Composite down 2.14%
Investing.com - 2018-03-20
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 175 to 53 and 37 ended unchanged. Shares in Globe Telecom Inc (PS:GLO) fell to 52-week lows; losing 4.67% or 78.00 to 1591.00. Gold Futures for April delivery was down 0.29% or ...

LBC acquires two logistics firms
BusinessWorld - 2018-03-20
Mandarin, Makati, Philippines March 24, 2014 Background: The Philippine Chamber of Industrial Estates and Ecozones holds its conference at the Marndarin hotel, Makati, Philippines March 24, 2014 with LBC Express Holdings, Inc. (LBC) is propping up its ...

DoubleDragon expands portfolio with Hotel 101-Fort
thestandard.com.ph - 2018-03-20
Rising at 33 storeys and standing on a 1,224 sq. m. prime corner lot, Hotel 101-Fort is envisioned to be a premier business and leisure hotel. Once completed in 2020, Hotel 101-Fort will house a total of 606 well-appointed hotel rooms, a three-level podium ...

Calaca coal-fired power plant unit back in operation
Manila Standard Today - 2018-03-19
Sem-Calaca Power Corp. on Monday announced the resumption of operations of unita one of its 600-megawatt, coal-fired power plant in Calaca, Batangas. Sem-Calaca, a wholly-owned subsidiary of the Semirara Mining and Power Corp., operates the 2 x 300-MW coal ...

Megaworld turning over P30-b condo units in 2018
Manila Standard Today - 2018-03-19
Megaworld Corp. of tycoon Andrew Tan said it is ready to turn over P30 billion worth of residential projects in Fort Bonfacio, Taguig this year, its biggest handover to date. Megaworld said in disclosure to the stock exchange it would deliver 2,300 ...

Pure Foods likely to postpone huge share sale to Q3
Manila Standard Today - 2018-03-19
San Miguel Pure Foods Co. Inc. may move its planned share sale worth between P100 billion and P150 billion to the second half of the year given the successive fund raising activities in the market capital markets. A highly placed banking source the Pure ...

Globe says system refresh completed
Manila Standard Today - 2018-03-19
Globe Telecom Inc. completed its system refresh and opted out 100 percent of its customers with prepaid or postpaid value added service subscriptions to protect subscribers from unknown load deductions and improve overall experience. Beginning March 10 ...

Pilmico buys corn from Bukidon co-op
Manila Standard Today - 2018-03-19
Pilmico Foods Corp., the food and agribusiness unit of Aboitiz Equity Ventures Inc., has teamed with a local farmers cooperative for an inclusive sourcing project for corn--a primary ingredient in producing animal feeds products. Pilmico under the program ...

QC to acquire Baesa land for housing project
Manila Standard Today - 2018-03-19
Reyes and spouse Benilda. City Resolution 7185-2017, introduced by Councilor Marivic Co-Pilar, is expected to benefit around 102 ISFs presently occupying the property. The task force on Socialized Housing and Development of Blighted Areas said it aims to ...

Megaworld set to turn over P30-B projects in Fort Bonifacio
InterAksyon - 2018-03-19
Megaworld's One Uptown residence, as seen from artist's sketch. MANILA - Megaworld Corp. will be turning over P30 billion worth of projects located across three of its townships in Fort Bonifacio, Taguig City this year. The listed property developer said ...

Leisure & Resorts World Corp buys land for Boracay resort-casino
Rappler - 2018-03-19
MANILA, Philippines - Listed gaming firm Leisure & Resorts World Corporation recently bought a 23-hectare land in Boracay to build an integrated resort and casino. This is amid the government's plan to "close" the popular island for up to a year to fix ...

Balance of payments deficit persists, though narrower, in February
BusinessWorld - 2018-03-19
"The BoP deficit is not a cause for concern," Ruben Carlo O. Asuncion, chief economist at the Union Bank of the Philippines, said when sought for comment. "A deficit does not necessarily mean that the economy is in a bad situation... This means that ...

AF Payments partners with digital wallet app
BusinessWorld - 2018-03-19
AF Payments, Inc. is a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. that provides contactless payment solutions in the Philippines.

Araneta group tops off 2nd office tower in Cyberpark
BusinessMirror - 2018-03-19
In Photo: Araneta Center Inc. (ACI) Senior Vice President (SVP) for Operations Antonio Mardo (from left), ACI SVP for Business Development John Castro, Megawide Construction Corp. Assistant Vice President Romeo Furigay and ACI Senior Management Consultant ...

Death toll in Philippine hotel fire rises to 5
The Straits Times - 2018-03-19
The hotel is owned and operated by Acesite Hotel Corp, a subsidiary of Waterfront Philippines. "Hotel operations have been temporarily suspended until the proper clearances from the government regulatory agencies have been obtained," Acesite told the ...

Gas steady, but diesel, kerosene pump price go up on Tuesday
BusinessMirror - 2018-03-19
In separate announcements on Monday afternoon, a P0.40 per liter increase in the pump price of diesel will be implemented by Phoenix Petroleum, Seaoil, PTT Philippines and Eastern Petroleum. They will adjust diesel price at 6 a.m. of Tuesday, March 20.

Pavilion guests accounted for; 5 casino employees killed in fire
BusinessWorld - 2018-03-19
The hotel is owned and operated by Acesite (Phils.) Hotel Corp, a subsidiary of Waterfront Philippines, Inc . "Hotel operations have been temporarily suspended until the proper clearances from the government regulatory agencies have been obtained ...

Megaworld to turn over P30 billion worth of residential units to owners
BusinessMirror - 2018-03-19
PROPERTY developer Megaworld Corp. said it is turning over this year a huge bulk of its residential projects, valued around P30 billion, in Fort Bonifacio, Taguig City. The company said on Monday that around 2,300 residential units from five condominium ...

Bridging the gap
BusinessMirror - 2018-03-19
For instance, my Vista Land & Lifescapes, Inc. is targeting to have 60 malls by 2030, a three-fold increase from the current 22 malls. This year alone, we plan to spend P50 billion for capital expenditure, a significant portion of which will be used to ...

Tech's Next Big Wave: Big Data Meets Biology
Fortune - 2018-03-19
In January, three more corporate behemoths--Amazon (amzn), JPMorgan Chase (jpm), and Berkshire Hathaway (brk-a)--said they were forming a joint venture aimed at reducing ... David Friend, managing director at BDO, points out that data-rich Facebook ...

Death toll in Philippine hotel fire rises to five
Reuters - 2018-03-19
The hotel is owned and operated by Acesite (Phils.) Hotel Corp, a subsidiary of Waterfront Philippines Inc. "Hotel operations have been temporarily suspended until the proper clearances from the government regulatory agencies have been obtained ...

Azkals get ready for huge qualifier against Tajikistan
Rappler - 2018-03-19
The Game Plan Four years ago the Azkals were in a similar spot in the Suzuki Cup. After solid group stage wins against Laos and Indonesia, the Philippines needed only a draw in the final round-robin match versus Vietnam in Hanoi to finish top of the group ...

MoneyGram, Globe fintech arm launch remittance service via smartphone
CNN Philippines - 2018-03-19
Metro Manila (CNN Philippines) - The team-up of Globe Telecom's financial technology arm and remittance company MoneyGram produced a service enabling Filipinos to receive remittances through their smartphones. Users of the Mynt-operated GCash phone ...

MoneyGram, Globe fintech arm launch remittance service via smartphone
CNN Philippines - 2018-03-19
Metro Manila (CNN Philippines) - The team-up of Globe Telecom's financial technology arm and remittance company MoneyGram produced a service enabling Filipinos to receive remittances through their smartphones. Users of the Mynt-operated GCash phone ...

Death toll in Philippine hotel fire rises to five
Business Insider - 2018-03-19
The hotel is owned and operated by Acesite (Phils.) Hotel Corp, a subsidiary of Waterfront Philippines Inc. "Hotel operations have been temporarily suspended until the proper clearances from the government regulatory agencies have been obtained," Acesite ...

Stock market analysts expect bearish trading
Manila Standard Today - 2018-03-18
Weekly top price losers include Integrated Microelectronics Inc., which dropped 11 percent to P17.52; Ginebra San Miguel Inc., which declined 10.3 percent to P25.10; and Robinsons Retail Holdings Inc., which dipped 10.1 percent to P84.50 per share.

Megawide to open Mactan-Cebu airport Terminal 2 in June
BusinessMirror - 2018-03-18
AIRPORT operator GMR-Megawide Cebu Airport Corp. is close to completing the second terminal ... "As of February, the construction of the new terminal is at 96-percent completion and we are all excited to count the days until we open Terminal 2 to the ...

Crypto-powered PHL as next fintech hub
BusinessMirror - 2018-03-18
"We are building a blockchain based network, we are going to onboard the rural bank into a blockchain network and ... for something like this to come out of the most neglected islands of the Philippines. This will be a game changer in our country ...

Ayala Land engages in carbon-emission offsetting
BusinessMirror - 2018-03-18
In Photo: Representatives of Center for Conservation Innovations Inc., a partner of Ayala Land Inc. (ALI), conduct an assisted natural regeneration activity to maximize the carbon storage potential of a 133-hectare forest in Alaminos, Laguna. One of the ...

More fund-raising activities for infrastructure projects expected
BusinessWorld - 2018-03-18
So far, three companies have conducted fund-raising activities this year. Union Bank of the Philippines listed its 3 billion long-term negotiable certificates of time deposits due 2023 at 4.375% per annum last Feb. 21. SM Prime Holdings, Inc. has listed ...

Maynilad continues to expand pipe network
BusinessWorld - 2018-03-18
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 ...

Four killed, some trapped as fire hits hotel in Philippine capital
Business Insider - 2018-03-18
MANILA (Reuters) - A fire broke out at a hotel in the Philippine capital on Sunday, killing four people and trapping several on the fifth floor, a rescue official said. About 20 people were trapped in the Manila Pavilion Hotel, Johnny Yu, chief of the ...

Meralco fetes Muntinlupa in Luminaries
thestandard.com.ph - 2018-03-18
The electric company lauded the ongoing construction development in the locality, which led to livelihood opportunities for the residents and was "a novel way of doing business through energy transmission." Meralco also awarded the City Government of ...