RLC, SPI investing P10-B in BGC condo
BusinessWorld - 2018-03-23
BW FILE PHOTO ROBINSONS Land Corp. (RLC) and Shang Properties, Inc. (SPI) will be pouring at least P10 billion into the development of a condominium project in Bonifacio Global City (BGC), Taguig. In a disclosure to the stock exchange on Friday ...

Prime Orion to enter into industrial park development through share swap
BusinessWorld - 2018-03-23
AYALA Land, Inc. (ALI) will swap some of its shares in Laguna Technopark, Inc. (LTI) with Prime Orion Philippines, Inc. (POPI), allowing the Tutuban Center developer to venture into the development of industrial parks. In a disclosure to the stock exchange ...

6 Cryptocurrency Scams and Risky Assets Investors Should Beware Of
TheStreet.com - 2018-03-23
Overstock.com (OSTK) and Square (SQ) are a pair of names that saw a fair amount of irrational exuberance related to their crypto exposure during the mania's late-2017/early-2018 peak. As ICOs ... to unload their holdings. Crypto investors looking ...

Cavite student wins annual DPC-PLDT visual arts contest
Rappler - 2018-03-23
MANILA, Philippines - An oil painting called "Jeeploma ... The work by Paul Taladtad from Adventist University of the Philippines of Silang, Cavite bested entries submitted by fine arts students this year to the annual tilt. The much-awaited ...

Ayala Land boosts stake in Prime Orion, positions it as industrial estate arm
Rappler - 2018-03-23
MANILA, Philippines -- Ayala Land Incorporated (ALI) folded its stake in Laguna Technopark Incorporated (LTI) into Prime Orion Philippines Incorporated (POPI), in a move that boosts its stake in the firm while positioning it as its logistics and ...

thestandard.com.ph - 2018-03-23
of companies president Katrina Ponce Enrile recently approved the design for the Nasacosta Resort & Residences, its joint beachfront development with Sta. Lucia Land along the Nasugbu coastline in Batangas province. With Enrile is architect Paulo Alcazaren ...

Western Union Expands Digital Distribution: Money Transfers Now Paid into GCash Mobile Wallets in the Philippines
BusinessWorld - 2018-03-23
Usage of GCash mobile wallets is high with unbanked consumers in the Philippines, it lets them store ... Together with its Vigo, Orlandi Valuta, Pago Facil and Western Union Business Solutions branded payment services, Western Union provides consumers ...

Philippines stocks lower at close of trade; PSEi Composite down 1.89%
Investing.com - 2018-03-23
Investing.com - Philippines stocks were lower after the close on Friday, as losses in the Holding Firms, Property and Banking & Financials sectors led shares lower. At the close in Philippines, the PSEi Composite fell 1.89%. Falling stocks outnumbered ...

Megaworld plans more museums for its townships
BusinessWorld - 2018-03-23
Photo: Megaworld Megaworld Corp. plans to include museums in its integrated townships, in a bid to promote local culture and tourism which would, in turn, drive more foot traffic into its developments. In a statement issued Friday, the Andrew L.

Palace no longer setting deadline on entry of 3rd telco player
newsbytes.ph - 2018-03-23
Duterte has repeatedly said how he has had enough of the poor Internet and mobile phone services being offered by PLDT-Smart Communications and the Ayala-owned Globe Telecom. At present, telco carriers from China, Japan, South Korea, Taiwan, and India have ...

Prime Orion to venture into industrial parks via share swap deal
BusinessWorld - 2018-03-23
Ayala Land, Inc. will swap P3 billion worth of shares in Laguna Technopark, Inc. (LTI) with Prime Orion Philippines, Inc. (POPI), allowing the latter to venture into the development of industrial parks. In a disclosure to the stock exchange on Friday ...

PCC approves joint venture of Robinsons Land, Shang Properties
Manila Standard Today - 2018-03-23
Property developer Robinsons Land Corp. said Friday it teamed up with Shang Properties Inc. to invest P10 billion in transforming a property in Bonifacio Global City into a high-end mixed-use project. RLC said in a disclosure to the stock exchange it ...

Strengthening bilateral relations through economic cooperation
BusinessMirror - 2018-03-23
A Filipino company the ICTSI- International Container Terminal Services Inc. has a considerable investment at Karachi Port. It is reckoned by ADB as one of the top 5 major maritime terminal operators in the world. The booming construction sector in both ...

PH takes small steps, as it aims for giant leaps in space technology
CNN Philippines - 2018-03-23
Metro Manila ... technology and innovation has been part of the Department of Science and Technology's (DOST) agenda since it launched the Philippine Space Science Education Program in 2004. The director of DOST's Advanced Science and Technology Institute ...

High Pricing and Selective Ban on Fishing to Collectively Affect - NBC12 - WWBT - Richmond, VA News On Your Side
WWBT - 2018-03-23
flag=D&rep_id=18581 Key Market Players Some of the major companies operating in the global Canned Tuna market are Thai Union Group, Alliance Select Foods International, Inc., Ocean Brands GP, Bumble Bee Foods, LLC, StarKist Co., Raincoast Trading Company ...

Experts: Sereno ouster via quo warranto valid
thestandard.com.ph - 2018-03-22
The professor in De La Salle University College of Law added that such petition is a civil action filed to remove a usurper or an unqualified person from an important government post. Even former solicitor general Florin Hilbay and Integrated Bar of the ...

BSP steadies policy despite inflation
BusinessWorld - 2018-03-22
Ruben Carlo O. Asuncion, chief economist at the Union Bank of the Philippines, said the BSP has "always been dovish" on policy rates. "I still think they will not hike simply because their expectation of the return to the target range remains the ...

Arthaland’s BGC tower attracts multinational firms
- 2018-03-22
By Arra B. Francia, Reporter ARTHALAND Corp. said it has fully leased out its P3.5-billion Century Pacific Tower in Bonifacio Global City (BGC), as it attracted many local units of multinational companies. The listed property developer on Thursday unveiled its 30-storey office building, which covers a gross floor area of 41,790 square meters (sq.m.) and …

Big guns strike in Langkawi
BusinessMirror - 2018-03-22
In Photo: 7-Eleven Cliqq Roadbike Philippines skipper Marcelo Felipe (right) hangs tough after five stages. PAHANG, Malaysia--The climb toward Cameron Highlands sapped almost the entire field dry--including the six riders of 7-Eleven Cliqq Roadbike ...

Cebu Pacific welcomes new A321ceo to its fleet
BusinessMirror - 2018-03-22
Cebu Air Inc. is the largest carrier in the Philippine air-transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. CEB currently offers flights to ...

Makati to observe Earth Hour on March 24
BusinessMirror - 2018-03-22
Meralco, San Miguel Foundation Inc., Pacific Paint Philippines, Nestlé Philippines, Philippine Human Resource and World Wide Fund for Nature (WWF). Entertainment will be provided by Ralph Paule a.k.a. Jay Contreras and Never Ending Story Band, Hustle One ...

PT&T eyes using TransCo's fiber optics for broadband network
Rappler - 2018-03-22
MANILA, Philippines - Listed Philippine Telegraph and Telephone Corporation (PT&T), an aspiring 3rd major telecommunications player, is studying if it can use "dark fiber" optic cables in the country's transmission lines for its own nationwide broadband ...

Villacencio wards off Superal, clings to 1-shot lead
BusinessMirror - 2018-03-22
Marvin Monsalve carded a 73 to tie Korean amateur Bang Choeun, who skied to a 76, at 148 heading to the last 18 holes of the sixth leg of the circuit backed by Custom Clubmakers, BDO, Meralco, Sharp, KZGm PLDT, Champion, Summit Mineral Water and K&G Golf.

Market rebounds; Ayala Land up
thestandard.com.ph - 2018-03-22
Stocks rebounded Thursday from a three-day slump, on bargain-hunting after the benchmark index fell below the 8,000-point level a day earlier. The Philippine Stock Exchange index, the 30-company benchmark, jumped 215 points, or 2.7 percent, to close at ...

Shares rise on bargain hunting as Fed hikes rate
BusinessWorld - 2018-03-22
Ayala Corp. also managed to regain momentum after Mitsubishi Corp. unloaded some of its shares in the firm, as it rose 2.29% to P937 each. -- Arra B. Francia

An Epic Drive Through Luzon: The Second Gathering of Porsche Classics
AutoIndustriya.com - 2018-03-22
The concept of the Gathering revolved around the principles of SPaT 911 (Sport Purpose and Touring 911) which seeks to overcome the recent trend of storing away classic Porsches due to the phenomenal global spike in values and dollars. More and more ...

Megawide proposal had Naia Consortium worried
BusinessMirror - 2018-03-22
The briefing, held at a hotel in Makati City, was also attended by representatives of the companies in the Naia Consortium-- Kris Anne Arasula of Metro Pacific Investment Corp., Lorna Pangilinan ... Inc., Terry Coronel of Filinvest Development Corp ...

UPMG inducts officers and board of directors
BusinessMirror - 2018-03-22
Manila Bulletin Publishing Corp., Manila Standard, Mediawise Comm (Muse Magazine), Mindanao Daily News, Mindanao Media Services, Inc., One Mega Group Inc., Panay News, Philippine Daily Inquirer, Philippine Journalists, Inc., Philippine Star, Philippine ...

Sasa Port development back on PPP menu
InterAksyon - 2018-03-22
Five companies had previously pre-qualified to bid for the then P19-billion project, namely: Asian Terminals Inc.-DP World FZE Consortium; Bollore Africa Logistics; International Container Terminal Services, Inc.; Portek International Pte Ltd.-National ...

Sasa Port development back on PPP menu
InterAksyon - 2018-03-22
Five companies had previously pre-qualified to bid for the then P19-billion project, namely: Asian Terminals Inc.-DP World FZE Consortium; Bollore Africa Logistics; International Container Terminal Services, Inc.; Portek International Pte Ltd.-National ...

Record-setting 53rd Anvil Awards to name winners
Tempo - 2018-03-22
Winners will be announced at the Gabi ng Parangal for the 53rd Anvil Awards on March 23, 2018, at the Shangri-La Hotel at The Fort, Taguig City, supported by Banco de Oro (BDO)as Gold Sponsor in cooperation with partner sponsors such as Ayala Corp ...

Economic Times - 2018-03-22
The announcements, believes SMERA, will go a long way in providing relief to a large number of micro small and medium (MSME) enterprises. Exporters had access to duty-free inputs under the previous tax regime. Some of these inputs continue to be exempt ...

LRWC, Galaxy secure Pagcor license for new Boracay casino
Manila Standard Today - 2018-03-21
State-run Philippine Amusement and Gaming Corp. issued a provisional gaming license to the proposed casino resort hotel in Boracay of Leisure and Resorts World Corp. in partnership with Macau-based Galaxy Entertainment Group Ltd. LRWC chairman Reynaldo ...

Filinvest Land says profit up 9% to P5.83b
Manila Standard Today - 2018-03-21
Filinvest Land Inc., one of the largest integrated real estate developers owned by the Gotianun family, said Wednesday net income in 2017 climbed nine percent to P5.83 billion from a year ago, boosted by the strong rental of retail and office development ...

AUB booked net income of P2.8b in 2017
Manila Standard Today - 2018-03-21
ASIA United Bank, the financial arm of the Rebisco Group, said net income in 2017 jumped 23 percent to P2.8 billion from a year ago, driven mainly by the strength in core businesses. The bank said in a statement Wednesday the 2017 performance was ...

Pagbilao town officials withdraw halt order vs AboitizPower unit
BusinessWorld - 2018-03-21
THE municipality of Pagbilao in Quezon province revoked the cease and desist order (CDO) it issued against Pagbilao Energy Corp. (PEC), resulting in the dismissal of the case between the Aboitiz Power Corp. (AboitizPower) unit and the town officials.

Mixed BSP messages confound economists
BusinessWorld - 2018-03-21
"There is no need to raise at this time," said Ruben Carlo Asuncion, chief economist at Union Bank of the Philippines. "Inflation is within expectations, and macroeconomic stability and prospects are intact." The policy meeting on Thursday is ...

Tragedy of fires: Death and destruction in the Philippines
BusinessMirror - 2018-03-21
FOUR years ago, Waterfront Philippines Inc. (WPI) began renovating the historic Manila Pavilion. Last year WPI President Kenneth T. Gatchalian told reporters the company put in new plumbing and technology in the hotel the company bought in 2004.

CLC creates preferred shares to raise funds
BusinessWorld - 2018-03-21
This allowed the company to acquire several logistics companies to improve its network, including a 28.15% indirect economic stake in 2GO Group, Inc., 100% of Starlite Ferries, Inc., and WorkLinkServices, Inc. The new acquisitions brought in an additional ...

NAIA consortium willing to shorten concession period
BusinessWorld - 2018-03-21
It proposed a concession period of 35 years. The consortium is composed of Aboitiz InfraCapital, Inc., AC Infrastructure Holdings Corp., Alliance Global Group, Inc., AEDC, Filinvest Development Corp., JG Summit Holdings, Inc. and Metro Pacific Investments ...

PCC clears RLC-Shang joint venture
BusinessWorld - 2018-03-21
THE Philippine Competition Commission (PCC) has approved the joint venture of Robinsons Land Corp. (RLC) and Shang Properties, Inc. to develop a luxury residential condominium in Bonifacio Global City. In a Wednesday statement, the antitrust body said the ...

SMC donations to Marawi, other social dev't causes in Mindanao top P2.5 billion
CNN Philippines - 2018-03-21
Metro Manila (CNN Philippines, March 21) -- San Miguel Corporation (SMC) has donated a total of P2.52 billion pesos to social development projects in Marawi and the rest of Mindanao since 2017. In a statement Wednesday, the diversified conglomerate said ...

Bigger, modern, world-class airport: vision of NAIA by super-consortium
InterAksyon - 2018-03-21
Jose Emmanuel Reverente, (VP, Aboitiz InfraCapital) Consortium spokesperson, talks about the NAIA super consortium in this February 2018 file photo. (BERNARD TESTA, INTERAKSYON. MANILA - A bigger, more modern, world-class and comfortable airport - that ...

PH travel, tourism sectors girding for planned Boracay shutdown
Rappler - 2018-03-21
We have prepared flexible options so as not to disrupt their holiday and summer plans," she said. Philippine Airlines Incorporated (PAL) operates a total of 52 flights weekly to Caticlan from Manila, Cebu, and Clark. "PAL also operates a combined total of ...

Globe, Shakey's tie up for free calls for delivery, GCash payments
Rappler - 2018-03-21
Similar to Globe's arrangement with Jollibee Foods Corporation, Globe users calling Shakey's centralized delivery hotline nationwide will not be charged for the call. Users only have to dial #77777, including the hashtag sign. Shakey's is also adopting ...

Ateneo stays hot in Round 2
BusinessMirror - 2018-03-21
After sweeping Far Eastern University (FEU) and National University in its first two games of the second round, Ateneo lost its first set of the round against UE, which vaunted a strong showing in the second set, pulling away 22-16 and never looking back ...

Villacencio stuns field with 69
BusinessMirror - 2018-03-21
Unheralded Gretchen Villacencio put in a career-best three-under 69 and found herself a bewildered leader, one stroke ahead of fancied Princess Superal and Korean amateur Kim Hee Ji at the start of the International Container Terminal Services Inc. (ICTSI ...

PSE index drops below 8,000 ahead of BSP meet
BusinessWorld - 2018-03-21
"Today, net foreign selling was around P1.5 billion, and foreigners are selling the index heavyweights -- Ayala Land, Inc., Ayala Corp. (AC), SM Investments Corp., BDO Unibank [Inc.], and BPI (Bank of the Philippine Islands). Foreigners are likely ...

NAIA Consortium wants to link airport to Metro Manila Subway, LRT1
Rappler - 2018-03-21
The 7 partners are Aboitiz InfraCapital Incorporated, AC Infrastructure Holdings Corporation, Alliance Global Group Incorporated, Asia's Emerging Dragon Corporation, Filinvest Development Corporation, JG Summit Holdings Incorporated, and Metro Pacific ...

Philippines stocks lower at close of trade; PSEi Composite down 1.87%
Investing.com - 2018-03-21
Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; losing 4.01% or 0.220 to 5.270. Gold Futures for April delivery was up 0.38% or 5.00 to $1316.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 0.24 ...