Market dips; SBS tops gainers
thestandard.com.ph - 2018-03-08
Property developer Ayala Land Inc. obtained a clearance from the Philippine Competition Commission to buy a 290-hectare lot from Central Azucarera de Tarlac. Ayala Land rose 0.1 percent Thursday to P41.50. Meanwhile, most Asia stocks rose Thursday.

ICTSI spending $212m to expand 4 container ports
thestandard.com.ph - 2018-03-08
Port operator International Container Terminal Services Inc. said it allocated $212 million to expand the main port in Manila and three other projects overseas. ICTSI, led by billionaire Enrique Razon Jr., said in a disclosure to the stock exchange ...

Excess power supply expected to moderate electricity rates
thestandard.com.ph - 2018-03-08
a top executive of Aboitiz Power Corp. said Thursday. "Based on our analysis, we are in an oversupply situation, which is a common theme in the Luzon, Visayas, and Mindanao grids for the next five to seven years," Aboitiz Power president Antonio Moraza ...

BIR files tax evasion case vs Rappler
News Philippines Yahoo - 2018-03-08
MANILA, Philippines -- The Bureau of Internal Revenue (BIR) has filed a tax evasion complaint against the online news site Rappler. The BIR said Rappler failed to pay taxes worth P133-million in 2015 including income and value added tax. The agency is ...

Carino scores 1st-ever stage win
thestandard.com.ph - 2018-03-08
It also kept Navy at the helm in the overall team race with 70:54:59, almost half an hour ahead of Go for Gold Developmental team with 71:24:25 in the race presented by LBC and supported by MVP Sports Foundation, Filinvest, CCN, Petron, Versa.ph ...

Campos-led Del Monte Pacific suffers net loss in its fiscal Q3
BusinessMirror - 2018-03-08
Such measures are geared to work in tandem with revenue-enhancing initiatives to ensure a profitable and sustainable business in the long run," he said. For its fiscal nine months, the company generated sales of $1.69 billion, lower than the prior year ...

PLDT income takes 'big one-time hit' from swap of base stations
Rappler - 2018-03-08
MANILA, Philippines - PLDT Incorporated took a "big one-time hit" to its 4th quarter profit, after the telecommunications giant changed its equipment vendor and swapped some of its wireless network base stations with newer ones. "It's a big one-time hit ...

Isuzu offers D-Max and mu-X limited editions
BusinessMirror - 2018-03-08
The premium interior gets a new illuminated scuff plate, but the new 3D surround sound system, that is reminiscent on the one found on Alterra, is the most welcome upgrade for this series. This completes the overall luxurious experience, whether one is ...

GERI sees robust take up in Alabang township
BusinessWorld - 2018-03-08
Global Estate Resorts, Inc. (GERI) reported a robust take-up of residential lots in its Alabang West Village township, riding on the development of more projects south of Metro Manila. In a statement issued Thursday, March 8, the leisure arm of Megaworld ...

A national sport
thestandard.com.ph - 2018-03-08
It is almost always held at the Araneta Coliseum. Manila Cockers Club is a wholly-owned subsidiary of the Manila Jockey Club. During the past two years, the sport has been revolutionized. There is now a world-class cockpit arena at the San Lazaro Leisure ...

A national sport
Manila Standard Today - 2018-03-08
It is almost always held at the Araneta Coliseum. Manila Cockers Club is a wholly-owned subsidiary of the Manila Jockey Club. During the past two years, the sport has been revolutionized. There is now a world-class cockpit arena at the San Lazaro Leisure ...

ALLIANCE GLOBAL GROUP
Economic Times - 2018-03-08
Murkumbi will continue to hold the position for a period 90 days or until the completion of the open offer made by Wilmar Sugar Holdings, whichever is later. Industry disruption is no random event but is widespread across big companies globally with nearly ...

DMCI HOLDINGS INC
Economic Times - 2018-03-08
Morgan Stanley is the financial adviser to Knauf. J.P. Morgan Securities LLC and Goldman Sachs and Co LLC served as financial advisers to USG. Just as Singapore's fall was the beginning of the end of Britain's sway in Asia, so will ceding the city make it ...

GLOBE TELECOM
Economic Times - 2018-03-08
What is noteworthy on this merger is that it very rarely happens across the globe that the number one player is pipped off its position, says former CEO, Bharti Airtel.

12 Filipino Tycoons Among Forbes' Richest
thestandard.com.ph - 2018-03-07
Other Filipino taipans who made it to the list were beer and tobacco tycoon Lucio Tan (#441, $4.7 billion), Jollibee Foods Corp. chairman Tony Tan Caktiong (#550, $4 billion), Metrobank GT Capital Holdings chairman George Ty (#572, $3.9 billion), Vista ...

12 Splurges You Won't Regret in Retirement
U.S. News Money - 2018-03-07
Fortune 500 companies, military bases and the grocery company HEB provide many employment opportunities ... Senior citizens age 65 and older qualify for reduced fares on the metro. And a stroll along the National Mall and admission to the Smithsonian ...

PAL adds more flights to Australia
BusinessWorld - 2018-03-07
In this photo tatken on September 13, 2016 shows Philippine airlines planes are parked while another takes off at the international airport of Manila. / AFP PHILIPPINE AIRLINES (PAL) is adding more flights between Manila and Melbourne in June, after seeing ...

Cebu Air forms ground-handling services company
BusinessWorld - 2018-03-07
File photo of Cebu Pacific Air's Airbus A330 aircraft taken on September 12, 2013 at the NAIA terminal 3. -- BW FILE PHOTO CEBU AIR, Inc., listed operator of budget carrier Cebu Pacific, is venturing into ground-handling services at the airport. In a ...

ERC working to clear approval backlog from power firms
InterAksyon - 2018-03-07
SMC Consolidated Power Corp. for its Limay circulating fluidized bed coal-fired thermal power plant unit 1 with 150-MW capacity in Limay, Bataan; and o SPC Power Corp. for its Power Barge 104 bunker coal-fired diesel power plant -- units 2 and 3 ...

ICTSI sets USD380-M capex in 2018
InterAksyon - 2018-03-07
File image of an ICTSI-operated port from ICTSI's Factbook. MANILA - Port operator International Container Terminal Services, Inc. (ICTSI) has earmarked a capital spending of USD380 million this year after ending 2017 with a seven-percent increase in profit.

More jobs in Jan., but quality erodes
BusinessWorld - 2018-03-07
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank), shared this assessment: "Increasing economic activity means more economic opportunities for all." He said, however, that the quality of jobs available is "a whole ...

Aboitiz unit offers to upgrade 4 airports
BusinessWorld - 2018-03-07
AEV is also part of the "super consortium" composed of Ayala Corp. Alliance Global Group Inc., Asia Emerging Dragon, Filinvest Development Corp., JG Summit Holdings, Inc. and Metro Pacific Investments Corp. that filed a P350-billion proposal to ...

Henry Sy, Jr. retires from NGCP to focus on real estate
BusinessWorld - 2018-03-07
Aside from his position at NGCP, Mr. Sy is also chairman of property giant SM Prime Holdings, Inc. (SMPH), vice-chairman of SM Investments Corp., and chairman and president of Synergy Grid & Development Phils., Inc. All three companies are listed at the ...

ICTSI posts $182-million profit in 2017
BusinessWorld - 2018-03-07
EARNINGS of International Container Terminal Services, Inc. (ICTSI) were flat in 2017, as higher interest and financing charges alongside losses from operations in Colombia tempered the rise in revenues. In a statement, the Razon-led company said net ...

Pilipinas Shell gets P9-B loan
BusinessWorld - 2018-03-07
PILIPINAS SHELL Petroleum Corp. has entered into a P9-billion medium-term loan agreement with Bank of the Philippine Islands, the company told the stock exchange on Wednesday. Pilipinas Shell said it obtained the loan "to avail of lower interest rates ...

ERC working to clear approval backlog from power firms
BusinessWorld - 2018-03-07
SMC Consolidated Power Corp. for its Limay circulating fluidized bed coal-fired thermal power plant unit 1 with 150-MW capacity in Limay, Bataan; and o SPC Power Corp. for its Power Barge 104 bunker coal-fired diesel power plant -- units 2 and 3 ...

AEV proposes to expand regional airports in 35 years
BusinessMirror - 2018-03-07
THE infrastructure arm of Aboitiz Equity Ventures Inc. (AEV) has submitted a P148-billion unsolicited proposal to the transportation department for the expansion, operation and maintenance of four major Philippine regional airports over the next three and ...

D.O.L.E. concerned over sightings of child laborers in 2 Cebu cities
BusinessMirror - 2018-03-07
In a meeting with the Board of Trustees of the District Tripartite Council (DTC) in Bogo-Medellin Milling Corp. Inc. (Bomedco), DOLE 7 acting Regional Director Cyril L. Ticao asked assistance from the representatives of the council to help the department ...

Martial Law film competes at ASEANnale after Active Vista win
Rappler - 2018-03-07
ASEANnale 2018 culminated in an awarding ceremony on March 2 at the UP Asian Center in Diliman, Quezon City. Retrospektib, which was made by FEU communication students as a project for their Cinema Production or CNM2 class, recently won 3rd prize at Active ...

D.M. Wenceslao files for P15.5-billion IPO
BusinessMirror - 2018-03-07
D.M. Wenceslao and Associates Inc., a 53-year-old property developer and construction ... The company said it has again filed with the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) applications in connection with its ...

PAL to add more flights to Melbourne, shift to nonstop Brisbane service
Rappler - 2018-03-07
MANILA, Philippines - Lucio Tan-led Philippine Airlines (PAL) will increase its flights to Australia amid a surge in demand. Beginning June 1 this year, the flag carrier will have Manila-Melbourne flights 5 times a week, from the current thrice weekly ...

Strategies and innovations to improve health care for all
BusinessMirror - 2018-03-07
"Let me also share with you an example of this innovation mindset in our education business. A few years ago, we were looking at the educational sector and noted the massive dropout rates across all educational levels. I was astonished with the ...

Aboitiz offers P148-b airport deal
thestandard.com.ph - 2018-03-07
The plan was canceled in 2017. The Department of Transportation earlier pre-qualified Maya Consortium led by Aboitiz Equity Ventures, Philippine Airports Consortium of Metro Pacific Investments Corp., San Miguel Holdings Corp-IIAC Airport Consortium and ...

Stocks climb to break 5-day slump
thestandard.com.ph - 2018-03-07
Losers, however, edged gainers, 113 to 100, while 48 issues were unchanged. BDO Unibank Inc., the biggest lender in terms of assets, advanced 3.2 percent to P154.80, while Security Bank Corp., the sixth-biggest bank, gained 3 percent to P250. Now Corp ...

ICTSI posts net income of $207.7M
thestandard.com.ph - 2018-03-07
International Container Terminal Services Inc. registered a net income of $207.7 million in 2017, up 7 percent from $193.5 million in 2016, boosted by the operations of new foreign terminals. "The increase in net income was mainly due to the continuing ...

Pilipinas Shell signs P9-b loan deal with BPI
thestandard.com.ph - 2018-03-07
Pilipinas Shell Petroleum Corp. signed a medium-term loan worth P9 billion with Bank of the Philippine Islands to take advantage of lower interest rates and refinance old loans. Pilipinas Shell disclosed to the Philippine Stock Exchange on Wednesday it ...

Spaces for living and learning in Malate
thestandard.com.ph - 2018-03-07
Premium university residences developer Torre Lorenzo Development Corporation recently broke ground for the ... as well as shopping malls Robinsons and SM Manila. The nearest LRT station is less than a kilometer away. The TLDC chief says, "It is true ...

Henry Sy Jr retires early from NGCP
Rappler - 2018-03-07
Almeda as officer-in-charge," the NGCP board said. Sy, son and namesake of the Philippines' richest man, also serves as vice chairman of the SM Group's holding firm SM Investments Corporation (SMIC), as well as chairman of its real estate firm SM Prime ...

Henry Sy still leads Filipinos on Forbes' 2018 billionaires list
Rappler - 2018-03-07
MANILA, Philippines-- The country has 12 representatives on Forbes' list of the richest people on the planet this year. SM Group founder Henry Sy Sr leads the Filipinos on the World's Billionaires List 2018, released by Forbes late Tuesday, March 6.

Henry Sy tops PH billionaires in 2018 -- Forbes
CNN Philippines - 2018-03-07
He is also one of the oldest billionaires in the world at 93 years old. Sy is the chairman emeritus of the country's largest retailer, SM Investments Corporation. His company has stakes in the retail, banking, and property sectors. Next to Sy is John ...

Strong aftershock as aid starts reaching quake-hit PNG
Philippine Daily Inquirer - 2018-03-07
Local MP James Marape told The National newspaper there had been more than 50 aftershocks so far, with people too scared to sleep in their homes, fearing they will ... to hit the highland region in a century. No official government death toll has been ...

CLI sets P250M stock buyback
Inquirer - 2018-03-06
Cebu Landmasters Inc. (CLI), a property developer focused on the Visayas-Mindanao (Vis-Min) market, has set aside P250 million for a two-year stock buyback program. Companies pursue buyback programs when they deem that their shares are trading ...

Market drops for 5th straight day
Manila Standard Today - 2018-03-06
Major property developer Ayala Land Inc. lost 1.1 percent to P41.20, while Waterfront Philippines Inc. slumped 22.2 percent to P1.05. Bloomberry Resorts Corp., which operates a casino on part of reclaimed area in Manila Bay, added 1.1 percent to P14.46 ...

NTC starts probe on Globe, partner
Manila Standard Today - 2018-03-06
The National Telecommunications Commission summoned Globe Telecom Inc. and GotDeals Mobile Inc., a value-added service provider, to appear on March 8 before the regulatory body in connection with its investigation for possible violation of a memorandum ...

ICTSI supports PNG police
Manila Standard Today - 2018-03-06
South Pacific International Container Terminal Ltd., operator and developer of the Port of Lae in Papua New Guinea, and the ICTSI Foundation, the corporate social responsibility arm of International Container Terminal Services Inc., extend assistance to ...

Factory output recovers from four-month slump, fastest in more than 4 years
BusinessWorld - 2018-03-06
Angelo B. Taningco, Security Bank Corp. economist, attributed the increase in production activity to higher wholesale prices of select manufactured products. "Moreover, buoyant global demand for manufactured items may have likewise encouraged bigger ...

Feb. inflation scrapes top of 2018 target
BusinessWorld - 2018-03-06
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, also attributed the increase to the TRAIN law but also cited higher utility rates (with an 8.6% increase month-on-month), a weaker peso (a 2.5% decline from January) and rice supply ...

RLC to open budget hotel in Iligan City this year
BusinessWorld - 2018-03-06
In fact, we are actually fully booked already," she said. Go Hotels-Lanang is a joint venture between RLC and Udenna Development Corp. (UDEVCO), the company that owns Phoenix Petroleum. As of end-September 2017, the hotel segment contributed 8% or P1.37 ...

Cimatu tasked to decide on closure of Boracay
BusinessMirror - 2018-03-06
In Photo: Foreign and local tourists go about their business, unaware of the possible fate of Boracay. Task Force Boracay--composed of the secretaries of the departments of Environment and Natural Resources, the Interior and Local Government, and of ...

Access Point | FoI and ICT policy reforms agenda
newsbytes.ph - 2018-03-06
This MC was supposed to measure the quality of service of the various wired broadband service providers (PLDT, Globe Telecom, Converge ICT, Sky Broadband, and others). In Part D, "Publication of Results of Monitoring and Measurements", paragraph 1 ...