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 ...

PHL under pressure to diversify energy sources -- BMI
BusinessWorld - 2018-03-06
It is expected to operate by the end of the year. The government is also banking on the $2-billion floating regasification facility in the waters off Batangas. The regasification project continues to undergo development and will start receiving imports by ...

Ababa heads local charge
BusinessMirror - 2018-03-06
Jhonnel Ababa seeks to recall his winning form here, Clyde Mondilla vows to rebound from two mediocre finishes while Tony Lascuña hopes to attract good luck as the International Container Terminal Services Inc. (ICTSI) Eagle Ridge Challenge fires off at ...

Klisura lifts asset managers
BusinessMirror - 2018-03-06
In Photo: Ces Molina of Petron and Darlene Ramdin of Generika-Ayala challenge each other at the net. RANGED against her former team, Sara Klisura was at her best as she towed Cocolife to an impressive 25-19, 25-22, 25-18 victory over Foton in the Chooks to ...

Stalzer lifts Petron Blaze past Generika-Ayala in PSL
Rappler - 2018-03-06
MALOLOS CITY, Philippines - Lindsay Stalzer dug deep into her well of experience to power Petron Blaze to a 25-21, 25-15, 25-21 victory over Generika-Ayala Tuesday, March 6 in the Chooks to Go-Philippine Superliga (PSL) Grand Prix at the Malolos Sports ...

Economy remains robust, but uncertainties abound
BusinessMirror - 2018-03-06
Services contributed 57.4 percent of GDP, mainly from trade and repair and real estate, contributing much of gross value ... famous for his best-selling book Capital in the 21st Century was the first to notice, along with Emmanuel Saez that when the ...

Alveo eyes development in North Luzon and Mindanao
BusinessMirror - 2018-03-06
AFTER delivering a stellar performance by achieving a 20-percent growth in 2017--hitting ?45 billion in sales, Ayala Land Inc. (ALI) brand Alveo announced recently that it is pursuing an expansion by developing new areas in North Luzon and Mindanao.

PRA honors 12 icons of PHL retailing
BusinessMirror - 2018-03-06
Robinsons Retail Holdings Inc. President, COO and Executive Director Robina Gokongwei-Pe for John Gokongwei Jr.; Mercury Drug President and General Manager Vivian Que-Azcona for Mariano Que; Puregold Founder and Chairman Lucio Co; Megaworld Vice President ...

San Miguel Corp. offers up to ?30-B in fixed-rate bonds
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 6) -- Diversified conglomerate San Miguel Corporation is offering fixed-rate bonds of up to ?30 billion to the public. In a disclosure to the Philippine Stock Exchange (PSE) Monday, the company said ?20 billion ...

Twin Lakes Food Crawl
thestandard.com.ph - 2018-03-06
Twin Lakes Tagaytay - part of a monumental 1,600-hectare mega-project from real estate giant Megaworld Corporation, has become the latest out-of-town destination favored by tourists, backpackers, and families in recent years. Twin Lakes Shopping Village It ...

2,500 cyclists endure the 7-Eleven Trail 2018
BusinessWorld - 2018-03-06
7-ELEVEN once again challenged the endurance of Filipino cyclists who joined their biggest single-loop cross-country mountain biking race to date, Trail 2018, held last Feb. 18. With more than 2,500 registered racers, Trail 2018 recorded the most number of ...

Malacañang: China, PH far from joint exploration agreement in the South China Sea
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 6) -- China and the Philippines are far from reaching a deal on joint exploration in the disputed South China Sea, Presidential spokesperson Harry Roque said on Tuesday. "We declared a moratorium on all exploration ...

Megaworld to open its first school venture in the coming school year
BusinessMirror - 2018-03-06
PROPERTY developer Megaworld Corp. is set to open its first school venture in the Visayas at its 30-hectare Mactan Newtown township in Cebu in the coming school year. Named as Newtown School of Excellence, the school was built with the assistance of the De ...

Philippine shares slump for fifth day straight
BusinessWorld - 2018-03-06
Puregold Price Club, Inc. gained 2.21% to P53.15 each; Bloomberry Resorts Corp was up 1.12% to P14.46; while JG Summit Holdings, Inc added 1.55% to P65.70. -- Arra B. Francia

Duterte expands coverage ban on Rappler outside Malacañang
Rappler - 2018-03-06
Presidential Adviser on Entrepreneurship Joey Concepcion, CEO of RFM Corporation, is the founder of Go Negosyo. A lady manning the reception table at the Go Negosyo event refused to give Ranada even a copy of any press release, saying the reporter didn't ...

Globe Telecom gives big picture of local telco industry
Inquirer Opinion - 2018-03-06
Moreover, we would like to point out that Globe major shareholders Singtel and Ayala Corporation, remained committed to the company despite the many business risks and losses it suffered from 1992 to 1997 when it launched its mobile and landline businesses ...

Living luxuriously and sustainably in Botanika Nature Residences by Filigree
CNN Philippines - 2018-03-06
Inside the units themselves is a whole new experience. Each unit is endowed with incomparable finishes, the finest craftsmanship available, and breathtaking views of Filinvest City's landscape and the Alabang skyline. The feeling of splendor becomes ...

LIVE BLOG: Ad Summit 2018
Rappler - 2018-03-06
Speakers include industry leaders Lionel Carreon (Global Director, Creative Recruiting at R/GA), Francis Flores (Global Brand Chief Marketing Officer, Jollibee Foods Corporation), Mara Binudin Lecocq (Founder, Secret Code New York), Girish Menon (Vice ...

Up to 200% returns! MFs raised stakes in 10 stocks for 8 quarters in a row
Economic Times - 2018-03-06
Analysts expect this company to maintain its revenue mix for now -- with abrasive division contributing nearly 40 per cent, industrial ceramics 25 per cent and electro minerals 30 per ... have been ramping up bets on Oriental Carbon Chemicals.

No farmers' say in coco levy funds? Pangilinan, Recto clash
Rappler - 2018-03-06
The ruling awarded shares of San Miguel Corporation - bought using taxes collected from coconut farmers - to the government. The same decision ordered funds "be used only for the benefit of all coconut farmers and for the development of the coconut ...

Stricter rules, penalties versus 'nakaw load'
CNN Philippines - 2018-03-06
Metro Manila (CNN Philippines, March 5) -- The government is preparing to impose stricter rules and penalties against those behind 'nakaw load' or the so-called "disappearing cellphone loads." During Monday's Senate hearing, National Telecommunications ...

Manulife Financial Corporation announces results of Conversion P - NBC12 - WWBT - Richmond, VA News On Your Side
WWBT - 2018-03-06
TORONTO, March 6, 2018 /PRNewswire/ - Manulife Financial Corporation ("Manulife") today announced that after having taken into account all election notices received by the March 5, 2018 deadline for conversion of its currently outstanding 8,000,000 Non ...

Oil companies hike pump prices anew
Philippine Daily Inquirer - 2018-03-05
Companies that announced price changes included Pilipinas Shell, PTT, Flying V, Seaoil, Phoenix Petroleum, Chevron and Eastern Petroleum.

PAL flies Davao-Siargao from March 25
InterAksyon - 2018-03-05
MANILA, Philippines -- Philippine Airlines will begin flying between Davao and Siargao four times a week starting March 25. Harry Inoferio, PAL senior vice president for Visayas and Mindanao Sales and Services, said diving and surfing enthusiasts and sea ...

Fuel prices increase
InterAksyon - 2018-03-05
Jetti, TOTAL, Phoenix, and PTT Philippines will increase diesel prices by P0.30/liter and gasoline by P0.50/liter. Unioil will also implement a price hike of P0.30/liter for its Euro 5 diesel, and P0.50/liter for Euro 5 gasoline 91, 95, and 97. Eastern ...

Globe blocks over 400M spam texts
Manila Standard Today - 2018-03-05
Globe Telecom Inc. said on Monday it blocked over 400 million spam text messages last year as part of an intensified anti-scamming campaign. "We understand the problems that could arise from these text messaging scams. This is why we have strengthened ...

DENR unveils electric car charging station
Philippine Information Agency - 2018-03-05
DENR Usec for Policy, Planning and International Affairs Atty. Jonas R. Leones (5th from left) with (5th to 3rd from right) MMPC President and CEO Mutsuhiro Oshikiri, MERALCO SVP and Corporate Communications head Alfredo S. Panlilio, and MMPC GM for ...

RCBC upsizes MTN program to $2 billion to raise more capital
BusinessWorld - 2018-03-05
RIZAL COMMERCIAL Banking Corp. (RCBC) upsized its medium-term note program to raise additional capital. In a disclosure to the local bourse on Monday, the Yuchengco-led RCBC said it has expanded its medium-term program to $2 billion from the previous $1 ...

NLEx plans P6-billion bond issuance
BusinessWorld - 2018-03-05
Mesa, Manila. MPTC is part of Metro Pacific Investments Corp. (MPIC), which is one of three key 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 ...

Mindanao mom-and-pop bakeries face stiffer competition from food brands
BusinessWorld - 2018-03-05
A total of 76 companies participated in the Bakery Fair, the first in Mindanao, including those in the general food service business. More than 4,000 visitors from around Mindanao attended, and while this is much less than the 25,000 visitors during the ...

SMC launches P30-billion bond sale
BusinessMirror - 2018-03-05
SMC said the entire proceeds of the offer will be used either for refinancing the existing loan and/or redenomination of US dollar-denominated obligations, or investments in its existing businesses, such as SMC Global Power Holdings Corp., San Miguel ...

PAL to start Davao-Siargao route on March 25
Rappler - 2018-03-05
MANILA, Philippines - Lucio Tan-led Philippine Airlines (PAL) is expanding its Davao hub by introducing maiden flights from Davao to Siargao, Surigao del Norte. The new route will begin on March 25, flying on Mondays, Wednesdays, Fridays, and Sundays ...

Stocks skid; eyes on inflation
thestandard.com.ph - 2018-03-05
BDO Unibank Inc., the biggest lender in terms of assets, dropped 2.6 percent to P151, while Metropolitan Bank & Trust Co., the second largest bank, slipped 2 percent to P96. Manila Electric Co., the biggest retailer of electricity, declined 2.8 percent to ...

PAL to expand Davao hub services via flights to Siargao
Inquirer - 2018-03-05
As part of its continuing expansion in the "King City of the South," four-star carrier Philippine Airlines will launch maiden flights between Davao City and Siargao Island, the "International Surfing Capital of the Philippines." The weekly flights ...

CCC leads winners
BusinessMirror - 2018-03-05
In Photo: Team Luigi Yulo (fifth from right) and his teammates are flanked by Philippine Airlines executives after winning their 10th Seniors Club trophy. They are (from left) Dina May Flores (from left), Interclub executive committee; Damasus Wong ...

Smart tries to end slump
BusinessMirror - 2018-03-05
SMART hopes that its reloaded roster could arrest its two-game skid, while Petron guns for a 5-0 start when they battle separate foes in the Chooks to Go-Philippine Superliga Grand Prix today at the Malolos Sport and Convention Center in Malolos ...

PSEi falls to 8,300 level
Inquirer - 2018-03-05
Metrobank, BDO, Meralco and Semirara all shed over 2 percent while SM Investments slipped by 1.86 percent. BPI, Ayala Corp. and Security Bank also declined. JG Summit was flat after it was officially announced that it would be removed from the FTSE index.

PSEi falls to 8,300 level
Inquirer - 2018-03-05
Metrobank, BDO, Meralco and Semirara all shed over 2 percent while SM Investments slipped by 1.86 percent. BPI, Ayala Corp. and Security Bank also declined. JG Summit was flat after it was officially announced that it would be removed from the FTSE index.

Globe deactivates over 14,000 SIM cards that were sources of text scams
BusinessWorld - 2018-03-05
Globe Telecom Inc said it has deactivated over 14,000 SIM cards found to be sources of spam and scam text messages. The telco giant said in a press release on Monday, March 5 that it deactivated 14,013 SIM cards, which turned out to be sources of spam text ...