Ayala Land is first real estate company to earn certification for gender equality
BusinessMirror - 2018-03-14
In Photo: Ayala Land Human Resources and Public Affairs Group Head Atty. Elis Tanlapco, Ayala Land President and CEO Bobby O. Dy, and Australian Ambassador to the Philippines Amanda Gorely. Ayala Land Inc. (ALI) is one of the first Philippine companies and ...

EVA Airways Settles Price-Fixing Class Action For $21M
Law360 - 2018-03-14
In January, Philippine Airlines Inc., Air New Zealand Ltd. and China Airlines Ltd. agreed to pay a total of $29.4 million to settle the allegations. Now EVA has followed suit, agreeing to pay $21 million, plus an additional $250,000... To view the full ...

Beauché taps Globe Business for connectivity solutions
CNN Philippines - 2018-03-14
Beauché International initially gained prominence among the in-flight crews of Philippine Airlines and government employees. It later found a following through dermatologists and medical doctors nationwide. The company now has sales offices and resellers ...

Petron posted 30% increase in net profit to P14.1b in 2017
Manila Standard Today - 2018-03-13
Oil refiner Petron Corp. said Tuesday consolidated net income jumped 30 percent in 2017 to P14.1 billion from P10.8 billion in 2016, driven by higher demand and strong performance of high-value segments. "We were able to capture increased fuel demand ...

Globe borrows from Mizuho to fund expansion
Manila Standard Today - 2018-03-13
Globe Telecom Inc. said it borrowed money from a Japanese bank to partly finance capital expenditures this year. Globe, a unit of Conglomerate Ayala Corp., said in a disclosure to the Philippine Stock Exchange it signed P6-billion and $20-million seven ...

Petron earnings hit P14B in 2017
BusinessWorld - 2018-03-13
Underpinned by large scale infrastructure projects, we see strong demand growth in both markets over the medium term and this bodes well for our business," said Ramon S. Ang, Petron president and chief executive officer, in a statement. "Even with our ...

Aboitiz buys additional UnionBank shares
BusinessWorld - 2018-03-13
ABOITIZ EQUITY Ventures, Inc. (AEV) said it has purchased around P270 million worth of shares in its banking unit, Union Bank of the Philippines, Inc. (UnionBank). In a disclosure to the stock exchange on Tuesday, AEV said it purchased a total of 3.11 ...

Premiere Horizon invests in Palawan mining firms
BusinessMirror - 2018-03-13
THE board of Premiere Horizon Alliance Corp. has approved its equity investment in Palawan Star Mining Ventures Inc. and Pyramid Hill Mining Industrial Corp., reaching up to 85 percent of the said firms. "The investee companies are holders of mineral ...

Premiere Horizon invests in Palawan mining firms
BusinessMirror - 2018-03-13
THE board of Premiere Horizon Alliance Corp. has approved its equity investment in Palawan Star Mining Ventures Inc. and Pyramid Hill Mining Industrial Corp., reaching up to 85 percent of the said firms. "The investee companies are holders of mineral ...

Filipinos more open to new design trends
BusinessMirror - 2018-03-13
DoubleDragon Properties and PNB. Tinted Paper Terrazzo in Danish maple, also for commercial interiors The next few years will also be big for Formica, especially in Asia, according to Michel. The company is gunning for a 12-percent growth in 2019 for the ...

Local aces set target
BusinessMirror - 2018-03-13
Cyna Rodriguez and Princess Superal hope to build some momentum and boost their confidence heading to their Symetra Tour campaign, as they lead the title chase in the International Container Terminal Services Inc. (ICTSI) Tagaytay Highlands Challenge ...

TRAIN 2 - which cuts corporate income tax but nixes incentives - could derail investments: BMI Research
InterAksyon - 2018-03-13
InterAksyon file photo of DOF Undersecretary Karl Chua, the DOF's face - and brains - in threshing out the fine details of TRAIN 1, which took effect January 1. INTERAKSYON FILE MANILA - Investments flowing into the Philippines could slow down with the ...

Chinese smartphone maker Xiaomi returns to Philippines
Rappler - 2018-03-13
MANILA, Philippines - Back in 2015, upstart Chinese smartphone maker Xiaomi left the Philippines and reallocated its resources to a much bigger market: India. Today, it has returned to the Philippines with a larger workforce and a conservative expansion ...

FDIs in PH pierce 2017 goal to hit fresh peak
InterAksyon - 2018-03-13
Ricafort economist at Rizal Commercial Banking Corp. (RCBC), said in an e-mail when asked for comment that "[t]he new record-high Philippine net foreign direct investments of $10 billion in 2017 -- after the previous record high of $8.2 billion in 2016 ...

Biliranons avail of TESDA scholarships, jobs bridging services
Philippine Information Agency - 2018-03-13
On the other hand, Naval Municipal Public Employment Servies Office (PESO) under Rosita Maranga, recorded a total 28 work applicants to EEI Corporation , a construction firm, as carpenter, mason, painter, tile setter, and electrician; Paris Welding Shop hi ...

Virginia AG Reaches $243,000 Settlement with Online Payday Lenders and Servicers
JD Supra - 2018-03-12
On February 23, 2018, the Office of the Attorney General of Virginia ("Virginia AG") announced that it had entered into a settlement agreement with several affiliated online payday lenders and debt collection companies (the "Defendants").

Market rebounds; MRC climbs
Manila Standard Today - 2018-03-12
Fifteen of the 20 most active stocks ended in the green, led by Philippine Estates Corp. which went up 16.9 percent to P0.45 and MRC Allied Inc. which added 14.1 percent to P0.89. Energy Development Corp. gained 4.6 percent to P5.94. Meanwhile, other Asian ...

SM Group plans to spend P66.3b to expand units
Manila Standard Today - 2018-03-12
Presentation materials posted on SMIC website showed that property unit SM Prime Holdings Inc. budgeted P50 billion for 2018 capital expenditures to develop integrated lifestyle projects including malls, high-rise residential and leisure homes, office ...

Ayala earmarks P249b for 2018 capital spending
Manila Standard Today - 2018-03-12
Conglomerate Ayala Corp. said Monday it earmarked P249 billion for 2018 capital expenditures to support the expansion of core businesses, after recording a 16-percent net income growth to P30.3 billion in 2017. Ayala Corp. said in disclosure to the stock ...

Cargo Movers aim for 3rd win vs Sta. Lucia Realty belles
m.philstar.com - 2018-03-12
Generika-Ayala and Smart, meanwhile, clash in a duel of winless teams at 4:15 p.m. Powerhouse Petron is way out in front with a 6-0 slate with F2 Logistics hoping to close in a bit with a victory against Sta. Lucia. After opening their title-retention ...

FDIs pierce 2017 goal to hit fresh peak
BusinessWorld - 2018-03-12
And while the Philippines has cut its corporate income tax rate by five percentage points since 2009, it still "stands out with an income tax rate significantly above the ASEAN average at 30%." The current administration of President Rodrigo R.

Ayala to spend record P249B for capex in 2018
BusinessWorld - 2018-03-12
to finance its own investment program as well as the expansion of Ayala Land, Inc., Globe Telecom, Inc. and Manila Water Co., Inc. At the parent level, the conglomerate is pouring in P51.8 billion primarily to fund its subscription to Bank of the ...

First Gen unit inks power supply deal with Meralco
BusinessWorld - 2018-03-12
LOPEZ-LED First Gen Corp. said its unit had entered into a power supply contract with distribution utility Manila Electric Co. (Meralco) for the sale and purchase of around 414 megawatts (MW) of baseload capacity. First Gen told the stock exchange that ...

Transporting food safely to urban centers
BusinessWorld - 2018-03-12
A WORKSHOP at the Far Eastern University (FEU) is teaching architecture students how to create sustainable communities to avoid amplifying urban problems. A case in point raised by visiting professor Regina Mapua Lim, associate lecturer at the Joint Center ...

First Gen unit seals 414-MW supply contract with Meralco
BusinessMirror - 2018-03-12
FIRST NatGas Power Corp., a wholly owned subsidiary of First Gen Corp. (First Gen), will supply 414 megawatts (MW) of power capacity for P3.77 per kilowatt-hour (kWh) to the Manila Electric Co. (Meralco). Under the newly signed power-supply agreement (PSA ...

Construction starts rise in Q4 2017 led by nonresidential projects
BusinessWorld - 2018-03-12
Meanwhile, Michael L. Ricafort, economist at Rizal Commercial Banking Corp., noted the increase in infrastructure projects from more foreign direct investments and offshore gaming outsourcing companies that led to the pickup in manufacturing activities and ...

Malaysian firms seeking to participate in building program
BusinessWorld - 2018-03-12
"Some companies are interested... in the development in the new airport in Manila," Mr. Mustapa, who heads the Ministry of International Trade and Industry, told reporters on the sidelines of the Malaysia Business Forum held Monday in Makati. He said ...

Maibarara Geothermal puts power plant online
BusinessMirror - 2018-03-12
... (PGEC), 25 percent by Phinma Energy Corp. and 10 percent by PNOC Renewables Corp. PGEC is the renewable energy holding unit of publicly listed PetroEnergy Resources Corp.. MGI began construction of the facility in March 2016, employing several local ...

Superal tries to snap spell
BusinessMirror - 2018-03-12
Princess Superal hopes to end a long title spell on the Ladies Philippine Golf Tour (LPGT) as she headlines the compact field in the International Container Terminal Services Inc. (ICTSI) Tagaytay Highlands Challenge unfolding tomorrow at the Tagaytay ...

Founders Champion
BusinessMirror - 2018-03-12
FORMER pro Judeson Eustaquio fired a one-over-par 71 worth 35 points at Binitin in Murcia town on Sunday and helped Forest Hills hold off game Villamor for the Founders Division title in the 71st Philippine Airlines Interclub in Bacolod City Eustaquio ...

Antonio-led firm bags $3.2-billion Dubai deal
BusinessMirror - 2018-03-12
REVOLUTION Precrafted Properties Philippines Inc., a company led by one of the sons of former Ambassador Jose E.B. Antonio, said it bagged a $3.2-billion deal that will supply Dubai-based luxury property developer Seven Tides Ltd. to manufacture and supply ...

Oil firms announce rollback
BusinessMirror - 2018-03-12
Seaoil Philippines and Eastern Petroleum would implement the price rollback at 12:01 a.m. of March 13. PTT Philippines, Phoenix Petroleum and Total Philippines would implement their respective price adjustments starting 6 a.m. of Tuesday. They cited ...

Expedite review of unsolicited bids for Naia rehab, govt told
BusinessMirror - 2018-03-12
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 42 million, he added. "By 2019 the projection is we will have 47 million ...

Nikkei Asia300 Index jumps as US jobs data fuel equity gains
Nikkei Asian Review - 2018-03-12
The Philippines' conglomerate Ayala Corp. added 1.2% after reporting a 16% increase in profit attributable to owners for 2017. In country indexes complied by Nikkei, China rose 2.3%, Hong Kong added 2%, and India climbed 1.9%. South Korea gained 0.9% and ...

Market rebounds; MRC climbs
thestandard.com.ph - 2018-03-12
Fifteen of the 20 most active stocks ended in the green, led by Philippine Estates Corp. which went up 16.9 percent to P0.45 and MRC Allied Inc. which added 14.1 percent to P0.89. Energy Development Corp. gained 4.6 percent to P5.94. Meanwhile, other Asian ...

CNN Philippines holds 'Leading Women to #PressForProgress' summit
CNN Philippines - 2018-03-12
March 17, from 9:30 a.m. to 4:30 p.m. at the Francisco Santiago Hall, BDO Corporate Center, Makati. "Leading Women to #PressforProgress" is co-presented by San Miguel Corporation, BDO, and Organique California.

SM Group plans to spend P66.3b to expand units
thestandard.com.ph - 2018-03-12
Presentation materials posted on SMIC website showed that property unit SM Prime Holdings Inc. budgeted P50 billion for 2018 capital expenditures to develop integrated lifestyle projects including malls, high-rise residential and leisure homes, office ...

Carbon cutting
BusinessMirror - 2018-03-12
chairman and CEO of First Philippine Holdings, First Gen and Energy Development Corp., talked about in his speech during the second Philippine Environment Summit held in February. Lopez said as more renewable-energy sources come onto the grid and become ...

Stock market superstitions
BusinessMirror - 2018-03-12
And, suddenly, you have been replaced without warning. I will talk more about this at the Financial Literacy Summit 2018 for The Global Filipino Investors at the SMX Mall of Asia on April 8. Believing that "higher risk returns a higher reward" will ...

Ayala earmarks P249b for 2018 capital spending
thestandard.com.ph - 2018-03-12
Conglomerate Ayala Corp. said Monday it earmarked P249 billion for 2018 capital expenditures to support the expansion of core businesses, after recording a 16-percent net income growth to P30.3 billion in 2017. Ayala Corp. said in disclosure to the stock ...

First NatGas to supply Meralco's 24/7 power
Rappler - 2018-03-12
MANILA, Philippines - A wholly-owned subsidiary of First Gen Corporation will supply the Manila Electric Company (Meralco) with 414 megawatts (MW) of power capacity for P3.7 per kilowatt hour (kWh). First NatGas Power Corporation and Meralco signed a ...

Ayala Corp net income up 16% in 2017
Rappler - 2018-03-12
Ayala Land leads earners Equity earnings contributions from Ayala's business units hit P35.8 billion, up 12% higher from 2016, led by Ayala Land Incorporated (ALI) and AC Energy Holdings Incorporated, whose equity earnings contributions grew by 21% and 30% ...

Philippine conglomerate Ayala plans to hike investment to record $4.8 bln
Reuters - 2018-03-12
Ayala Land Inc will spend 112 billion pesos, Globe Telecom Inc will spend 45 billion pesos, while Manila Water Co Inc will spend 22 billion pesos and AC Energy Holdings Inc will invest 20 billion pesos, Ayala CFO Jose Teodoro Limcaoco told Reuters in an email.

Ayala boosts 2018 capex to P249 billion
BusinessWorld - 2018-03-12
The Ayala group is expanding its capital expenditure budget by nearly half to support the expansion of its business units after growing profits for the sixth consecutive year. In a statement, Ayala Corp. announced it will allocate P249 billion for capex ...

Petron Engineering Construction Ltd.
Economic Times - 2018-03-12
The Capital Structure page of Petron Engineering Construction Ltd. presents the Authorized Capital, Issued Capital, and Paid-Up Equity Capital of the company over the period. Capital Structure - Petron Engineering Construction Ltd.

SUN LIFE FINANCIAL
Economic Times - 2018-03-12
The fund mop-up was about Rs 150 crore larger than the initially planned. The company has increased the total size amid overwhelming investor response. The World Bank's South Asia V-P says it's important to have a critical mass of women involved in ...

Conglomerates ask govt to expedite Naia project
Manila Standard Today - 2018-03-11
JG Summit Holdings Inc. of the Gokongwei family and Metro Pacific Investments Corp. of the Salim group represented by PLDT Inc. chairman Manuel Pangilinan. The super consortium will be initially called Naia Consortium. The project is divided into two ...

Market likely to move sideways
Manila Standard Today - 2018-03-11
Heavy losers last week included LT Group Inc. which retreated 9.2 percent to P19.70, Semirara Mining and Power Corp. which dropped 8.5 percent to P33.55 and ABS-CBN Corp. which lost 4.7 percent to P30. Asian stocks are likely to take a cue on the looming ...

ABS-CBN posts 10% income drop
Manila Standard Today - 2018-03-11
ABS-CBN Corp. said net income fell 10.3 percent in 2017 from a year ago because of the absence of election-related advertisements last year. The Lopez-led multimedia company said it posted a net income of P3.16 billion in 2017, down from P3.53 billion in 2016.

With so much at stake, super consortium wants to expand NAIA asap
InterAksyon - 2018-03-11
Actual work will take 24 more months for the first wave of immediate ... us to show you that the Philippines can also step up," he said. The seven conglomerates are: Aboitiz InfraCapital, Inc, AC Infrastructure Holdings Corporation, Alliance Global ...