Metro Pacific to slow down on new proposals until toll hikes resolved
Rappler - 2018-02-28
PAMPANGA, Philippines - Earlier charted proposals of Metro Pacific Tollways Corporation (MPTC ... It's difficult to make additional investments if we don't have clarity on what is happening on the toll rates," Franco said. Staggered toll hikes?

Duterte Sparks Frenzy for Philippine Penny Stocks on Telco Plan
News Philippines Yahoo - 2018-02-28
Transpacific Broadband Group International Inc., a satellite station operator, is up more than 170 percent over the same period. The benchmark Philippine Stock Exchange Index has eked out a miserly 4 percent gain in comparison. The Philippines will bid out ...

How inflation risks affect stock prices?
Inquirer - 2018-02-27
Among the top stocks on the list include SM Investment (3.1 percent), SM Prime Holdings (2.9 percent), Jollibee (2.6 percent), JG Summit (2.1 percent), Ayala Land (4 percent), Ayala Corp (5.1 percent), ICTSI (4.6 percent), BDO (4.4 percent), BPI (5 percent ...

PSEi gains 1.09%, closes near 8,600
Inquirer - 2018-02-27
Ayala Corp., MPI, SM Prime and GT Capital all firmed up. Investors also bought stocks outside the main index. APC Group surged by 6.06 percent while PXP gained 4.29 percent in heavy trade. Don't miss out on the latest news and information.

Stocks rally; BDO, JG Summit up
Manila Standard Today - 2018-02-27
Alliance Global Group Inc. of tycoon Andrew Tan gained 4 percent to P14.98. Tokyo stocks, meanwhile, enjoyed fresh gains Tuesday. Equities have been pushing higher since the first week of February saw a plunge that wiped trillions off valuations worldwide ...

Government to avert Boracay-like problems in Siargao-DOT
BusinessMirror - 2018-02-27
The other airlines, i.e., Philippine Airlines and Cebu Pacific Airways, fly from Manila to Siargao via Cebu. According to the provincial tourism office of Siargao, there were 129,730 visitors to the island in 2017, of which, almost 35,000 were foreigners.

Fiscal gap steadies in 2017, but falls short of program
BusinessWorld - 2018-02-27
Taningco, economist at Security Bank Corp. "We expect government spending to accelerate on the back of its infrastructure push, and would outpace government revenues and support economic growth," Mr. Taningco added, noting that he expects a fiscal ...

Meralco receives offer for 50-MW solar capacity
BusinessWorld - 2018-02-27
MANILA ELECTRIC Co. (Meralco) has received an offer for an additional capacity of 50 megawatts (MW) of solar energy and has subjected the same to a competitive selection process (CSP), the outcome of which will be known by end-February, company officials said.

Manila Water net income climbs 7%
BusinessWorld - 2018-02-27
"We are proud of our ability to register solid core income growth in 2017, as it highlights the strength of our business, and our people. Building on this foundation, we continue to build our business and expand our market reach, both domestically and in ...

ING Bank: Expanding presence in the PHL capital market since 1990
BusinessWorld - 2018-02-27
The bank cemented its reputation for being a trusted advisor in corporate finance, particular in mergers and acquisitions (M&A). The bank has consistently won in the banks category of the Top 5 Corporate Issue Managers/Arrangers award since 2011.

More capital-raising activities expected in 2018
BusinessWorld - 2018-02-27
Of the almost P1 trillion to be raised this year, P687 billion would come from fixed-income issues while P247 billion is expected to originate from equity issues, Head of Investment Banking Group Jose Pacifico E. Marcelo said in a briefing last month.

Aggressive purchase and hold at current levels
BusinessWorld - 2018-02-27
For John Martin Luciano, research analyst at the COL Financial Group, Inc. the top-tiered banks were the big movers of the Financial sub-index. "The three largest banks outperformed the [PSE] during the fourth quarter," he said. In the third quarter ...

2018: The Top 5 AG Primary Elections To Watch
JD Supra - 2018-02-27
Retired Circuit Court Judge Ashley Moody, who has been endorsed by AG Pam Bondi, and attorney Frank White are considered the early Republican front-runners. Moody has put together a premier campaign finance ... users' names, companies, titles, e-mail ...

P40-billion performance bond required from third telco
BusinessMirror - 2018-02-27
WHILE the government has scrapped the P10-billion market-capitalization requirement from its proposed rules on the selection of a third major telco player, it may require a performance bond that could go for an average of P40 billion over a five-year ...

Philex farmer-beneficiaries now trainers in organic coffee, vegetable farming
BusinessWorld - 2018-02-27
TUBA, BENGUET -- Two farmer-beneficiaries of Philex Group Foundation, Inc. (PGFI), the corporate social responsibility arm of Philex Mining Corp., are now paying it forward to fellow farmers through workshops where they serve as the trainers.

Megaworld to hike investment in resort hub
BusinessMirror - 2018-02-27
MEGAWORLD Corp. announced on Monday that it is increasing its investments in the 31-hectare Westside City, the fourth integrated gambling and resort facility in Entertainment City in Parañaque. The company said it is investing an additional P54 billion ...

Megaworld boosts capex for new casino to over P120b - 2018-02-27
... Resorts & Casino of Bloomberry Resorts Corp. which opened in March 2013, City of Dream Manila of Melco Crown (Philippines) Resorts Corp. which opened in December 2014 and Manila Bay Resorts of Japanese billionaire Kazuo Okada which opened in in 2016.

Megaworld to invest P54 billion more in Westside City township
Rappler - 2018-02-27
MANILA, Philippines - Andrew Tan-led developer Megaworld Corporation is doubling down on its 31-hectare Westside City township at the casino-filled Entertainment City by Manila Bay in Parañaque City. In a disclosure to the Philippine Stock Exchange (PSE ...

2GO funds tech start-up
BusinessMirror - 2018-02-27
On May 26, 2017, 2Go said in a disclosure to the Philippine Stock Exchange that SMIC completed the acquisition ... was also quoted in the statement as saying. On Monday 2GO Group Inc. and subsidiaries (2GO or the Group) reported P21.6 billion of revenue ...

Alveo Land to launch P40 billion worth of projects this year
BusinessMirror - 2018-02-27
ALVEO Land Corp., the middle-range brand of property developer Ayala Land Inc., said on Tuesday it will launch some P40 billion worth of projects this year. The projects include its developments in northern Luzon and Mindanao, two new markets for the firm.

New probe ordered on fuel plant over stench in Isabela village
Philippine Daily Inquirer - 2018-02-27
Developed in 2013 as a large-scale bioethanol and cogeneration plant in this town, GFII is now managed by the Central Azucarera de Tarlac in a tie-up with Filipino, Japanese and Taiwanese investors. The plant produces up to 200,000 liters a day ...

Architects must combine modernity and Filipinoism
BusinessMirror - 2018-02-27
"Kohler believes in the transformative power of design industry for both residential and commercial sectors and the importance of designers in shaping the Asian century ... covering the whole range of property disciplines--luxury apartments, villas ...

Aspire soon to rise
BusinessMirror - 2018-02-27
Megawide Construction Corp., Sta. Elena Construction and Development Corp., D.A. Abcede and Associates, Meinhardt Philippines Inc., Ken Engineering Services and Spectrum Properties. The project is expected for completion by 2020.

PSEi rises 1% but falls short of 8,600 level
BusinessWorld - 2018-02-27
"(On Monday), our market hit major support at 8,380 and this, along with the US rally, provided the impetus to recover," COL Financial Group, Inc. Chief Technical Analyst Juanis G. Barredo said via text. "Also we saw US bond yields slip which boosted ...

T-Wolves sans Butler
BusinessWorld - 2018-02-27
The weekend was not a good one for the Timberwolves. After seeing acknowledged leader Jimmy Butler go down with a knee injury, they prepped themselves for the worst; given their luck, (or, rather, profound lack thereof), the development seemed to dash all ...

Philippines stocks higher at close of trade; PSEi Composite up 1.09% - 2018-02-27
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 118 to 94 and 43 ended unchanged. Shares in First Gen Corp (PS:FGEN) fell to 3-years lows; falling 2.03% or 0.30 to 14.50. Gold Futures for April delivery was up 0.17% or 2.30 to ...

Cebu Pacific opens applications for 2nd batch of cadet pilots
BusinessMirror - 2018-02-27
Applicants will be notified by e-mail regarding their application status. 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 ...

Antitrust body approves SMC Global's power deals
CNN Philippines - 2018-02-27
Under the transaction, SMC Global, a subsidiary of San Miguel Corporation, will hold 100-percent ownership of Masin-AES Pte. Ltd., AES Transpower Pte. Ltd. and AES Philippines Inc. In a statement on Monday, the Philippine Competition Commission said there ...

'Local companies should manufacture new jeepneys' - lawmaker
Rappler - 2018-02-27
CARS, which was signed into law in May 2015, has provided incentives to companies such as Mitsubishi Motor Philippines Corporation and Toyota Motor ... "We should stop [importing] China-made jeepneys. It's better to manufacture here - that's what we ...

Diesel, gasoline pump prices up anew
Philippine Daily Inquirer - 2018-02-27
Those that have announced price changes included Pilipinas Shell, Flying V, Phoenix Petroleum, PTT Philippines, Eastern Petroleum and Seaoil Philippines. --Ronnel W. Domingo

Holiest church in Christianity closed in Israel tax dispute
Philippine Daily Inquirer - 2018-02-27
A separate bill seeks to allay the fears of Israelis who live in homes on lands previously held by the Greek ... was unveiled in March 2017 after months of delicate work. A 19th-century shrine surrounds the tomb with an onion-shaped dome above.

PSEi nears 8,500
Inquirer - 2018-02-27
Prime Orion rallied by 11.98 percent, while MacroAsia added 4.36 percent. Crown Equities added 1.72 percent. Don't miss out on the latest news and information.

Education tops priority programs of La Union lone city
Philippine Information Agency - 2018-02-27
The building was constructed and inaugurated in January 2018 in partnership with the Security Bank Foundation and the Ateneo de Manila University (AdMU). (AHFF/ PIA-1/La Union) SAN FERNANDO CITY, Feb 26 (PIA) -- Education sector topped the administration ...

TRAIN law boosts BIR take
- 2018-02-26
A combination of higher rates and new levies allowed the Bureau of Internal Revenue (BIR) to collect P22.1 billion in excise taxes in January or 7.7 percent above target.

Rural credit bottleneck
Inquirer - 2018-02-26
This is extremely high, compared to the rates our neighboring governments charge their constituencies: Vietnam and Indonesia at 12 percent; Thailand at six percent; China at five percent ... of the Home Guaranty Corporation, believes that agriculture ...

Gov’t seeks bidders for Clark
- 2018-02-26
The Duterte administration is readying an invitation to bidders for the operation and maintenance of the Clark International Airport in Pampanga province.

Local stocks track regional rally
Inquirer - 2018-02-26
The local stock barometer firmed up to nearly 8,500 on Monday, tracking upbeat US and regional markets as the US Federal Reserve signaled a "gradual" pace of interest rate increases. Reversing early losses, the Philippine Stock Exchange index (PSEi ...

New Centers
Manila Standard Today - 2018-02-26
The relationship between capital and periphery is now relevant to my work with Italpinas Development Corp. Our innovation is not only in architectural design, but also in its sentience and reactivity to highly prospective demographic niches. As a result ...

This Big Cryptocurrency Acquisition Could Create a Wall Street-Style Financial Giant
Fortune - 2018-02-26
Dan Morehead, founder and CEO of Pantera Capital, a hedge fund that specializes in cryptocurrencies, says his firm trades on all the major online exchanges ... on an entirely new financial operating system--not just another bank.

Stocks up; MacroAsia, POPI rise
Manila Standard Today - 2018-02-26
Jollibee Foods Corp., the biggest fastfood chain, advanced 3.6 percent to P292, while BDO Unibank Inc., the largest lender in terms of assets, gained 2 percent to P150. MRC Allied Inc., which is into real estate development and mining and pursuing ...

Ayala acquires 78% of Merlin Solar of US
Manila Standard Today - 2018-02-26
Conglomerate Ayala Corp. acquired a 78.2-percent interest in US solar solutions provider Merlin Solar Technologies Inc. as it continues to expand its manufacturing portfolio. Ayala said in a disclosure to the stock exchange Monday wholly-owned unit AC ...

Ayala unit takes control of US-based Merlin Solar
BusinessWorld - 2018-02-26
A SUBSIDIARY of Ayala Corp. acquired a majority stake in a manufacturer of innovative solar solutions that will enable the conglomerate to bolster its global manufacturing presence and put the company in a position to disrupt the solar energy industry.

Maynilad inks P18.5-B notes facility
BusinessWorld - 2018-02-26
Inc. disclosed their subsidiary Maynilad will use the proceeds of the notes facility to refinance existing peso-denominated loans and other general corporate requirements. The loan will have a tenor of seven, 10 and 15 years. It tapped BDO Capital ...

Berjaya PHL invests in Malaysian restaurant operator
BusinessWorld - 2018-02-26
Prior to BFood, Berjaya Philippines has also invested in the Malaysian licensee of the chain of 7-Eleven convenience stores in July 2017. The company said it has acquired a 0.49% stake in 7-Eleven Malaysia Holdings Berhad (SEM) for P87.16 million.

Support for POC snowballs - 2018-02-26
Vargas said corporate backers like Ayala Corp. and San Miguel Corporation have also come forward and are also coming to lend a financial hand of assistance to the POC. After paying Philippine Sports Commission Chairman William Ramirez a courtesy call ...

Solaire PH Open lures stellar cast - 2018-02-26
Eighteen countries, including one from Andorra, Macedonia, Sweden, Myanmar, Colombia, Great Britain and the Netherlands, are vying in the blue-ribbon event sponsored by ICTSI, Meralco, PLDT, Smart, Bulgari, Diamond Motor Corp., BDO, Central Azucarera de ...

Pricier gas, diesel and kerosene on Tuesday
BusinessMirror - 2018-02-26
Eastern Petroleum, PTT Philippines and Phoenix Petroleum, will increase gasoline prices P0.65 per liter and diesel by P0.85 per liter. They will implement their respective price adjustments at 6 a.m. of February 27. Seaoil will also implement the same ...

PNB Davao opens 2 branches
Sun Star - 2018-02-26
STAYING true to its "You First" brand of customer service and bringing the banking services nearer to its clients, the Philippine National Bank (PNB) inaugurated its Davao-JP Laurel Branch and Davao-Victoria Plaza branch on February 9, 2018. These are ...

Excise tax collections up 81.69% to P22.078 billion in January-BIR
BusinessMirror. - 2018-02-26
Of this amount, collections from Coca-Cola Femsa Philippines Inc. amounted to P1.186 billion; followed by Pepsi Cola Philippines Inc., P666 million; ARC Refreshments Corp., P293.015 million; Nestlé Philippines Inc., P143.5 million; Inter Beverages ...

BDO marks 2017 as most profitable year so far
BusinessMirror - 2018-02-26
Local banking giant BDO Unibank Inc. continued to rake in profits in 2017, reporting an all-time high net income due to double-digit growth pace across all business segments In a disclosure to the Philippine Stock Exchange on Monday, BDO announced a net ...