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 ...

Cebu Pacific 2017 net income down 19% to P7.9 billion
BusinessMirror - 2018-03-26
PROFITS of Cebu Air Inc., the operator of budget carrier Cebu Pacific, declined by almost a fifth in 2017, no thanks to the rise in jet-fuel prices and losses from the weak peso-dollar exchange rate last year. Based on a disclosure to the stock exchange ...

Stocks decline; Now, DMCI retreat
thestandard.com.ph - 2018-03-26
DMCI Holdings Inc. of the Consunji Group lost 5.2 percent to P12.30, while port operator International Container Terminal Services Inc. declined 2.9 percent to P100. PLDT Inc., the largest telecommunications firm, dropped 2.5 percent to P1,462. Most Asian ...

3-day water-service interruptions scheduled in Manila and Pasay
BusinessMirror - 2018-03-26
This is in line with the maintenance activities of Maynilad Water Services Inc. (Maynilad ... the company said. The water-distribution firm operates, maintains and invests in the water and sewerage systems in the cities of Manila (all but portions of ...

Unpaid fees hound some 3rd telco aspirants
Rappler - 2018-03-26
MANILA, Philippines (UPDATED) - Unpaid supervision and regulation fees hound a couple of companies aspiring to be the country's 3rd major telecommunications player, as the government plans to bar bidders with outstanding obligations to the National ...

8990 Holdings completes EDSA condo
BusinessWorld - 2018-03-26
Mass housing developer 8990 Holdings, Inc. said it has completed its first high-rise development in Metro Manila, ending the project with all units fully sold out. In a disclosure to the stock exchange on Monday, March 26, the listed firm said it has ...

Traffic Calvary: MMDA to close Commonwealth-Philcoa U-turn on Holy Thursday
Rappler - 2018-03-26
Some 4,120 vehicles from Elliptical Road turn to Commonwealth Avenue during the same timeframe. Diversified conglomerate San Miguel Corporation (SMC) broke ground for the $1.6-billion MRT7 project in April 2016. The 23-kilometer railway system, which will ...

Megaworld net income up 13.4% to P13.3 billion in 2017
Rappler - 2018-03-26
MANILA, Philippines - Andrew Tan-led developer Megaworld Corporation saw its bottom line rise in 2017 on strong residential sales. Megaworld reported a 2017 full-year net income of P13.3 billion, including non-recurring gains of P113 million, to the ...

DILG Asec appealing to Duterte: Don't allow Boracay casinos
CNN Philippines - 2018-03-26
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 ...

United Print Media Group inducts new set of officers
BusinessMirror - 2018-03-26
UNITED Print Media Group (UPMG), a progressive organization of print media and publication companies in the Philippines, recently inducted its newly elected officers and board of directors at the JY Campos Hall B of Unilab Bayanihan Center in Pasig.

A move towards a united capital market
BusinessWorld - 2018-03-26
Jose T. Pardo, chairman of the Philippine Stock Exchange, Inc. (PSE), with Taguig City Mayor Lani Cayetano and PSE executives, leads the ringing of the bell during the opening of the trading at the new PSE headquarters in Taguig City. Over the past decades ...

ABS-CBN set to operate P600-million modern studios in Bulacan
Manila Standard Today - 2018-03-25
ABS-CBN Corp. said two Hollywood-style studios in Bulacan province are expected to be operational in May this year. "The two sound stages will be operational by May. If you go to Bulacan, you will see the big structures already and it will be operational ...

Meralco asks ERC to approve supply contract with First Natgas
Manila Standard Today - 2018-03-25
Manila Electric Co. and First NatGas Power Corp., a wholly-owned subsidiary of First Gen Corp., filed an application with the Energy Regulatory Commission to approve their power supply agreement. Meralco and First Natgas signed a PSA for the sale and ...

Cat Arambulo-Antonio: Passion for all things beautiful
Rappler - 2018-03-25
"My passion for all things fashion and beauty has been my inspiration to show everyone how beautiful life is. And inspire them to live in high style. And it is with the same passion that led me to become the first ever Filipina judge in the biggest ...

Unpaid NTC obligations hound some 3rd telco aspirants
Rappler - 2018-03-25
request showed that two named 3rd telco aspirants - Philippine Telegraph and Telephone Corporation (PT&T) and Now Telecom Company Incorporated - have outstanding supervision and regulatory fees. PT&T and Now Telecom are among the over 18 firms with ...

Felipe, 7-Eleven 3rd in Langkawi
BusinessMirror - 2018-03-25
In Photo: Felipe Marcelo (center) bites his bronze medal as he celebrates with team members (from left) co-team principal Engr. Bong Sual, support staff Roberto Quirimit, Daniel Ven Carino, Rustom Lim, Bonijoe Martin, Dominic Perez, support staff Jomar ...

DENR stops four DPWH road projects within Mayon danger zone
BusinessMirror - 2018-03-25
LEGAZPI CITY--The Department of Public Works and Highways (DPWH) failed to win back its four controversial road projects around Mayon Volcano ordered stopped by the Department of Environment and Natural Resources ... member Howard Imperial said he ...

SSS to go after 7,000 delinquent employers under WDLG program
BusinessMirror - 2018-03-25
THE Social Security System (SSS) said it would go after 7,000 delinquent ... the case will be referred to the Legal Enforcement Group of the SSS for filing of criminal charges, he said.

Stock market loses more than P1.5 trillion in value since peak
BusinessWorld - 2018-03-25
With the heavy profit taking, the Philippine Stock Exchange index (PSEi) has entered a correction ... Enriquez, chief investment officer at Sun Life of Canada Philippines, Inc., said in a mobile phone message. Global stocks have been taking a beating ...

ABS-CBN says 2 sound stages in Bulacan to be operational by May
BusinessWorld - 2018-03-25
ABS-CBN Corp. expects to begin using its two sound stages in Bulacan by May, a move the multimedia giant hopes will help cut production costs. "Sound stages will be operational by May," ABS-CBN Chief Financial Officer Aldrin M. Cerrado told reporters ...

Robinsons Retail books nearly P5 billion in 2017
BusinessWorld - 2018-03-25
ROBINSONS RETAIL Holdings, Inc. (RRHI) booked a single-digit growth in its attributable profit for 2017, backed by lower foreign exchange gains and higher taxable income. In a statement issued over the weekend, the Gokongwei-led firm reported a net income ...

NGCP gets clearance for ancillary partners
thestandard.com.ph - 2018-03-25
The Energy Regulatory Commission issued a provisional authority to National Grid Corp. of the Philippines and its power generators capable of providing ancillary services to maintain the integrity and reliability of the grid. ERC said it provisionally ...

PLDT Enterprise sees 2018 as year of more new ventures, infra expansion
InterAksyon - 2018-03-25
These include the implementation of cashless transactions via its card payment facility PayMaya in select establishments from AFFI (Association of Filipino Franchisers, Inc.), PFA (Philippine Franchising ... two new VITRO Data Centers in Clark and Davao.

BANKS ADVISORY | PSBank, BPI announce skeds during Holy Week
InterAksyon - 2018-03-25
MANILA - All branches of Philippine Savings Bank (PSBank) nationwide will be closed on Maundy Thursday and Good Friday, March 29-30. The bank, however, assured its clients that all its 609 automated teller machines (ATMs) as well as its mobile and ...

BANKS ADVISORY | PSBank, BPI announce skeds during Holy Week
InterAksyon - 2018-03-25
MANILA - All branches of Philippine Savings Bank (PSBank) nationwide will be closed on Maundy Thursday and Good Friday, March 29-30. The bank, however, assured its clients that all its 609 automated teller machines (ATMs) as well as its mobile and ...

Affordable housing: The elephant in Central Florida's room
Orlando Sentinel - 2018-03-24
Last week: Metro Orlando was revealed to be the eighth-fastest-growing ... Main Streets are only partially-funded by the City, and they're actually on a sliding scale of investment from City Hall that dwindles each year; the idea being that after a while ...

Samsung, Disney create AR Emoji Magic for Galaxy S9, S9+
Manila Standard Today - 2018-03-24
SAMSUNG Electronics Co., Ltd. and Disney are bringing beloved Disney characters to life as new AR Emojis for the Galaxy S9 and Galaxy S9+. Starting today, Galaxy S9 and Galaxy S9+ users will be able to access classic Disney characters - Mickey Mouse and ...

Robinsons Retail Holdings to buy 100% stake in Rustan Supercenters
CNN Philippines - 2018-03-24
Metro Manila (CNN Philippines, March 24) -- Robinsons Retail Holdings, Inc. (RRHI) is set to acquire a 100 percent stake in supermarket chain operator Rustan Supercenters, Inc. (RSCI). Gokongwei-led company RRHI announced the P18-billion deal on Friday in ...

DOE embarks on crucial step in renewed renewable-energy push
BusinessMirror - 2018-03-24
This can easily be shelled out by the big players, as most of them are also in the distribution and supply business. "[The] RPS is a good mechanism to help achieve the 35-percent renewables target. Enforceability and compliance are critical to make this ...

Indonesia, Singapore lead deep-sea expedition to West Java
The Jakarta Post - 2018-03-24
Singapore is among nations poised to venture into deep-sea mining, with a unit of rig builder Keppel Corporation ... Past expeditions have been rewarded richly. One in central Philippines organised by the Philippines, France, Taiwan and Singapore in ...

Ayala Land opens facility for athletes at Vermosa
thestandard.com.ph - 2018-03-24
To be managed and operated by Sante Health & Fitness, Inc., known as one of the fastest growing global providers of organic health and wellness products and services, the Sante Fitness Lab is a one-stop shop that will include a strength and conditioning ...

Tech startup Bank-Genie to open global help desk in Philippines
thestandard.com.ph - 2018-03-24
"After our study, it became apparent that the Philippines is the right location for our GlobalCustomer ... With the elimination of these physical dependencies, banks may conduct business at the convenience of the customer through mobile bankers, bank ...

Blockchain eyed to address PH red tape and corruption
thestandard.com.ph - 2018-03-24
a leading distributor and provider of infrastructure and information technology solutions in Southeast Asia. From left: Miroslav Mandel, Tomas Sarocky and Lubos Milan of Flowmon Networks, Teddy Sumulong of Computrade Technology Philippines Inc., Harry ...

Young woman fulfills dreams with AboitizPower
thestandard.com.ph - 2018-03-24
"I was once a visitor at the Cleanergy Center," Ate Kim said as she recalled how her journey with Aboitiz Power Corp. began. As a community mobilizer for an NGO in her community, Ate Kim was responsible for helping the youth find economic opportunitie

Meet Bb Pilipinas Globe 2018 Michele Gumabao
Rappler - 2018-03-24
She's in a serious relationship. Michele has been in a relationship with Aldo Panlilio, who does is the strength and conditioning coach for the Phoenix Petroleum Fuelmasters and part owner of Grind House Manila. Hours before the coronation night ...

Texas Justices Hand Uranium Miner Win In Water Deal Row
Law360 - 2018-03-24
Law360 (March 23, 2018, 8:24 PM EDT) -- The Texas Supreme Court on Friday reversed a lower appellate court's ruling and rendered judgment in favor of uranium mining company URI Inc. in a dispute ... zone until it restored water quality at designated ...

Budget surplus widens in January as revenues surge
BusinessWorld - 2018-03-23
The Bureau of Internal Revenue collected P175.6 billion for the month, nearly a fifth higher than the P147.4 billion raised the previous year. The Bureau of Customs also generated more funds worth P40.8 billion, up 14% from P35.9 billion during the ...

Hey, kid! The Central Bank wants your pocket money
BusinessMirror - 2018-03-23
The Central Bank has expanded the availability of deposit accounts for children and teenagers, published comic books and made lesson plans about financial planning for high-school teachers ... at the Ateneo de Manila University who has studied how ...

Robinsons Land, Shang Properties tie up for P10 billion BGC project
Rappler - 2018-03-23
MANILA, Philippines - Robinsons Land Corporation (RLC), the property arm of JG Summit Incorporated, and upscale developer Shang Properties Incorporated (SPI) have formed a joint venture to develop a mixed-use project in Bonifacio Global City. RLC ...