ICBC gets BSP green light to start PHL operations
Business World - 2018-02-18
The approval has not been announced in the Philippines as the Beijing-based lender has yet to make the announcement back home, being a publicly listed company at the Shanghai ... It is also the first Chinese bank to set up shop in recent years after ...

PLDT expands ultrafast broadband coverage in 2017
Business World - 2018-02-18
PLDT, Inc. continues to ramp up its fixed broadband connection, with four million homes passed as of end-2017. In a statement, the telecommunications giant said its "fiber-fast Internet connection" reached four million homes passed nationwide, 43% ...

Fuel prices roll back in unusual weekend adjustment
Business World - 2018-02-18
Phoenix Petroleum Philippines, Inc. was among the earliest to implement the price cut on Saturday, 6 a.m. Last Tuesday, the per liter prices of gasoline, diesel and kerosene were also slashed by P1.00, P1.30 and P0.85, respectively. The move followed ...

Oil firms cut prices for 2nd straight time
Rappler - 2018-02-18
Effective 6 am on Sunday, February 18, PTT Philippines, Eastern Petroleum, and Phoenix Petroleum cut the price of gasoline by P1.05 per liter and diesel by P1.25 per liter. Seaoil Philippines, Pilipinas Shell, and Petron also implemented the same price ...

PLDT plans broadband expansion by 2020
Rappler - 2018-02-18
MANILA, Philippines - Listed telecommunications giant PLDT Incorporated aims to expand its "ultrafast" broadband coverage to 6 million homes nationwide by 2020. To improve its services, PLDT said in a statement on Sunday, February 18, that it has been ...

Oil firms cutting gas prices anew
Inquirer - 2018-02-17
Oil firms cut pump prices of fuel for the second week in a row as global supply was expected to further rise mainly with output from the United States. Petron Corp. said starting at 6 a.m. on Sunday it was reducing prices of diesel by P1.25 per liter as ...

SM on a shopping binge to prepare for needs of PH guests
Inquirer - 2018-02-17
In a bid to claim leadership in the hotel and conventions market, SM Hotels and Conventions Corporation (SMHCC) is pouring in P6.3 billion for a four-year development plan. This includes building more properties in big markets and upgrading its hotels and ...

Toward better market connectivity
BusinessMirror. - 2018-02-17
Moreover, the more connected a business, the more opportunities are there to be tapped in the economic horizon. Gas and technology leader Pilipinas Shell Petroleum Corp. (PSPC) recently signed a partnership with Ayala Corp.-led Globe Telecom to set up new ...

Photo exhibit
thestandard.com.ph - 2018-02-17
Camarillo is thankful to Don Jaime Zobel de Ayala, PCSO GM Alexander Balutan and PCSO Board Chairman ... The exhibit is also sponsored by JRS Express, CWC International Corp. and YKL Digital Imaging/Wonder Photo Shop, DZRJ Radyo Bandido, DZRJ FM100.3 ...

BPI improves product offerings for OFWs
Inquirer - 2018-02-17
Ayala-led Bank of the Philippine Islands (BPI) has sweetened its suite of deposit product offerings for overseas Filipinos, collectively responsible for about $2.3 billion in monthly foreign exchange inflows to the Philippine economy. BPI has launched a ...

MGB satellite office
Inquirer - 2018-02-17
Environment Secretary Roy Cimatu said the move was seen to strengthen the enforcement of mining laws and regulations in the area, which is home to various mining operations including those of Nickel Asia subsidiaries Hinatuan Mining Corp. and Cagdianao ...

Homes for luck and harmony
Inquirer - 2018-02-17
They say a new year brings new beginnings and a fresh start. It often inspires one to reassess life, aspire for something more meaningful, and reach for greater heights. And since the Year of the Earth Dog is said to usher good fortune, harmony, and luck ...

Billionaire Enrique Razon Jr now adopted PMA alumnus
Rappler - 2018-02-17
Billionaire Razon is the 3rd richest in the Philippines, according to Forbes. He heads the International Container Terminal Services (ICTS), which manages around 30 ports all over the globe. He is also the chairman and chief executive officer of Bloomberry ...

P2P bus service increasing trips, resuming night runs
Philippine Daily Inquirer - 2018-02-17
The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board ... the buses will wait for MRT passengers at Taft Avenue and Ayala Avenue stations. Due to lack of space at Taft, Batan said they are looking at Macapagal ...

Homes for luck and harmony
Inquirer - 2018-02-16
They say a new year brings new beginnings and a fresh start. It often inspires one to reassess life, aspire for something more meaningful, and reach for greater heights. And since the Year of the Earth Dog is said to usher good fortune, harmony, and luck ...

Army battalion formed to quell communist insurgency in Eastern Visayas
Philippine Daily Inquirer - 2018-02-16
Col. Hilarion Palma, the 8th ID has now 13 battalions. Four of these - 19th IB, 46th IB, 34th IB, and 63rd IB - were deployed in Mindanao to help fight terror groups like the Maute group ... in 2017 and were given financial assistance for them to ...

Tinder love
BusinessMirror. - 2018-02-16
It was the time when PLDT was migrating from six- to seven-digit phone numbers, and we still had those bulky rotary phones. A crossline, not to be confused with a "party line," is a "room" where you can hear a lot of people talking simultaneously ...

Bills payment made less painful . . . and rewarding even
Inquirer - 2018-02-16
Telecommunications giant PLDT Inc. is trying to ease the pain and make paying bills--and spending--more pleasant and even rewarding. PLDT has launched its MVP (most valuable partner) Rewards card that will initially benefit clients and prepaid and ...

SM Center Imus set to open in Cavite
Rappler - 2018-02-16
MANILA, Philippines - Sy-family led SM Prime Holdings Incorporated is opening another mall in Cavite, its 6th in the province alone. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, February 14, SM Prime announced that it will open SM ...

Calm Pillar in Quezon City
thestandard.com.ph - 2018-02-16
DMCI Homes recently launched the second building of its Infina Towers development along Aurora Boulevard in Project 3, Located across the LRT 2 Anonas Station, Infina Towers offers a good set up for startup families with easy access to educational ...

Makati rep. says third PH telecom player could fetch P300-B market value
Inquirer - 2018-02-16
At present, Campos said P300 billion is around the range of the current market values of leading telecommunication companies PLDT Inc. and Globe Telecom Inc. Campos earlier said it was "absolutely justified" to drive market competition and give ...

Russian hackers who stole 160 million credit card numbers sentenced
Rappler - 2018-02-16
The hackers, who were extradited to the United States from Holland, penetrated the networks of the Nasdaq, 7-Eleven, Carrefour, and Dow Jones, among others, which collectively lost more than $300 million between 2005 and 2012. The biggest hack at the time ...

P2P bus service increasing trips, resuming night runs
Philippine Daily Inquirer - 2018-02-15
The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board ... the buses will wait for MRT passengers at Taft Avenue and Ayala Avenue stations. Due to lack of space at Taft, Batan said they are looking at Macapagal ...

DICT pushes 3rd telco entry after Duterte target
Inquirer - 2018-02-15
They also cited holidays coming up, such as the Holy Week next month. Private groups like Now Corp., Philippine Telegraph & Telephone Corp., Converge ICT Solutions Inc. and G. Telecoms were said to be among those keen on becoming the third telco player.

PSEi up as regional, US markets recover
Inquirer - 2018-02-15
There were 147 decliners that overwhelmed 68 advancers, while 42 stocks were unchanged. The PSEi was lifted by conglomerate Ayala Corp., which surged by 5.29 percent, while Metro Pacific rebounded by 4.46 percent. Jollibee added 2.52 percent while JG ...

DICT moves deadline for auction of 3rd telco slot
Rappler - 2018-02-15
The DICT acting chief said these 3 groups will each be led by Converge ICT Solutions Incorporated, Now Corporation, and Philippine Telegraph & Telephone Corporation (PT&T). - Rappler.com

Dec. sees record-high remittances
Business World - 2018-02-15
Asuncion, chief economist at Union Bank of the Philippines, said when sought for comment. A recovery in oil prices may have also provided better opportunities for migrant workers, he added. The central bank expects remittances to grow by another four ...

ALI boosts capex to P111B in 2018
Business World - 2018-02-15
ALI also continues to develop its hotels and resorts business, with an allocation of P7 billion for the year. The remaining P6.4 billion will be spent for services and other investments. ALI also plans to launch P125 billion worth of projects this year.

Phoenix Petroleum net income surges 65% in 2017 on record sales
Business World - 2018-02-15
We will continue to be opportunistic as we grow the business," Dennis A. Uy, president and chief executive officer, was quoted as saying in a statement. Phoenix reported a net income of P1.79 billion for 2017, up 65% growth from the previous year.

Ayala Land net income up 21% in 2017
Rappler - 2018-02-15
MANILA, Philippines - Ayala Land Incorporated (ALI), the property development arm of the Ayala Group, saw its bottom line rise on the completion of projects and growth from its leasing segment. ALI reported a full-year 2017 net income of P25.3 billion in ...

Maldives seeking air-transport deal with PHL
BusinessMirror. - 2018-02-15
It was last updated in July 2005. Legacy carrier Philippine Airlines, according to its president, Jaime J. Bautista, is interested in relaunching its New Delhi flights sometime in the second half of 2018. Coefficients for the Manila-Hong Kong route was at ...

Duterte stems the remittance tide, at least temporarily
Nikkei Asian Review - 2018-02-15
AP Duterte's moves may have a "temporary" adverse impact on remittances, said Ruben Asuncion, chief economist at Union Bank of the Philippines. But Asuncion does not expect the ban to dent remittance growth for long. "Filipinos always find a way to go ...

Remittances sent home by Filipino workers hit record $28.1bn
Nikkei Asian Review - 2018-02-15
AP Duterte's moves may have a "temporary" adverse impact on remittances, said Ruben Asuncion, chief economist at Union Bank of the Philippines. But Asuncion does not expect the ban to dent remittance growth for long. "Filipinos always find a way to go ...

Chinese contractor taps First Metro to jump-start PHL biz
BusinessMirror. - 2018-02-15
In this undertaking, it has tapped the services of First Metro Investment Corp., the investment arm of the Metrobank Group, to become its executive consultant in the country. First Metro revealed its partner is determined to secure projects in the ...

SM Prime to open sixth mall in Cavite
BusinessMirror. - 2018-02-15
"The strategic move of SM Group enabled [SMPH] to realize synergies among its business units, increasing efficiencies in operations and revenue in enhanced shareholder value," the company said. "It also allowed SM Prime to pursue larger ...

Alvarez to prod Bong Go to run for senator
Philippine Daily Inquirer - 2018-02-15
He is one of the founders of gaming company, Leisure and Resorts World Corp. As early as last year, Alvarez had already listed his nominees to PDP-Laban senatorial ticket. It includes Communications Assistant Secretary Mocha Uson, Presidential spokesperson ...

Chinese influence in business
BusinessMirror. - 2018-02-15
When we see "made in China" nowadays, we usually relate that to cheap items ... Wikipedia). Even during my banking days with several banks before, Binondo branches manage some of the largest deposits among bank branches in the Philippines.

Clean up Boracay now
BusinessMirror. - 2018-02-15
While the Boracay Island Water Corp., a joint venture of the Ayala Corp. and the Tourism Infrastructure and Enterprise Zone Authority, is building a proper wastewater disposal system, it will not be island wide until 2022. We do not have much sympathy for ...

Alvarez to prod Bong Go to run for senator
Philippine Daily Inquirer - 2018-02-15
His is one of the founders of gaming company, Leisure and Resorts World Corp. As early as last year, Alvarez had already listed his nominees to PDP-Laban senatorial ticket. It includes Communications Assistant Secretary Mocha Uson, Presidential ...

Tabuena grabs TCC golf lead
thestandard.com.ph - 2018-02-15
But he pulled his tee-shot to the left of the 161-yard No. 17 and flubbed a 15-foot par save bid, enabling Tabuena to seize control heading to the last 36 holes of the P5 million event sponsored by ICTSI president and chairman Ricky Razon. Miguel Tabuena ...

Stocks extend climb ahead of corporate earnings
Business World - 2018-02-15
LOCAL STOCKS reversed intraday losses to book gains on Thursday, as investors anticipate the release of 2017 earnings reports. The bellwether Philippine Stock Exchange index (PSEi) managed to rise 0.16% or 14.33 points to close at 8,612.44 on Thursday.

PBB to raise up to P10 billion from LTNCD issuance
Business World - 2018-02-15
Philippine Business Bank (PBB) is set to conduct capital raising activities to capitalize on attractive lending opportunities. In a disclosure to the Philippine Stock Exchange on Thursday, Feb. 15, the Yao-led PBB said it will convert existing preferred ...

Market on the prowl, settles near 8,600
- 2018-02-15
Tracking the rebound of US markets, the country’s stock barometer reversed early losses to make a decent footing near the 8,600 level on Wednesday.

Philippine Airlines Looking at Acquiring A350-1000 Aircraft
The New York Times - 2018-02-15
MANILA -- Philippine Airlines is looking at adding the largest version of Airbus's A350 series to its fleet, the flag carrier's president said on Thursday. The Southeast Asian nation's first airline ... airline's operator, PAL Holdings Inc, told reporters ...

Globe ties up with Facebook, DepEd to teach kids on cyber risks
newsbytes.ph - 2018-02-15
At present, the DTP has reached more than 17, 000 public and private high school students in the country, with more than 1,800 teachers facilitating the program. The goal is to include the program in all public and private school curricula and ultimately ...

PSBank branches closed for Chinese New Year
InterAksyon - 2018-02-15
MANILA, Philippines -- All PSBank branches will be closed on February 16 for the Chinese New Year but the bank said all its 609 ATMs will be online and PSBank Mobile and PSBank Online (Internet banking) will remain available. For bills payments, accounts ...

SM Prime opening new mall in Cavite
thestandard.com.ph - 2018-02-15
SM Prime Holdings Inc. said it will open to the public SM Center Imus in Cavite province on Friday, its first shopping mall launching in 2018. SM Prime said SM Center Imus, its fifth SM mall in the bustling province, has 13,000 square meters in gross floor ...

Jollibee posts 15% growth in net income
Inquirer - 2018-02-14
Fast-food giant Jollibee Foods Corp. (JFC) grew its net profit attributable to equity holder of parent by 15 percent last year to P7.09 billion as more stores opened and sales remained robust. For the fourth quarter alone, net profit rose by 11.7 percent ...

Monetary Board orders Rural Bank of Loreto shut
Business World - 2018-02-14
THE CENTRAL BANK has shuttered a rural bank in the Dinagat Islands, marking the first to be ordered closed this year. In a statement, the Philippine Deposit Insurance Corp. (PDIC) announced that it has taken over the operations of the Rural Bank of Loreto ...

ALI earnings rise 21% as property sales recover
Business World - 2018-02-14
AYALA LAND, Inc. (ALI) reported its attributable profit rose 21% in 2017, driven by the resurgence of property sales and sustained leasing business. The listed property developer said in a statement on Wednesday that net income attributable to the parent ...