Peso sinks to 52.12 vs US dollar - 2018-02-14
Volume turnover reached $939.9 million, lower than $1.023 billion on Tuesday. Emilio Neri Jr., the lead economist of Bank of the Philippine Islands, said earlier the dollar "remained well-bid with corporates securing the greenback." "I also think ...

DOE: No brownouts this summer
Philippine Daily Inquirer - 2018-02-14
The Office of the Ombudsman suspended the commissioners for one year for allowing electric utilities like Manila Electric Company to forgo the bidding of their power supply requirements. READ: ERC gets back to work; suspended commissioners return "We ...

DTI welcomes PHL honorary consuls from Europe
BusinessMirror. - 2018-02-14
DTI Trade and Investments Promotion Group Undersecretary Nora K. Terrado, together with Edward Wenceslao, senior vice president and group head for international desks of BDO Unibank, welcomed the honorary consuls. "Europe is a strong economic partner of ...

Conglomerate helping shepherd MSMEs to digital marketplace
BusinessMirror. - 2018-02-14
It is disrupting poverty in the country," Orlando Vea, president and CEO of Voyager and PayMaya Philippines, said in an interview on the sidelines of the event in Makati City. Vea said Voyager and PayMaya would play a big role in this undertaking.

Avaya Holdings names Macatangay new PHL country manager
BusinessMirror. - 2018-02-14
AVAYA Holdings Corp. announced on February 13 the appointment of Ferdinand ... is taking on the role at Avaya following the retirement of Edgar Doctolero, the first Avaya Philippines manager. Doctolero is considered by Avaya as instrumental in building ...

DoubleDragon plans 3.9-hectare industrial hub in booming Iloilo
Rappler - 2018-02-14
Some of them are SPI Global, Star Tek, Technocall, Savant Technologies, Teletech, and Transcon. Andrew Tan-led developer Megaworld Corporation is also set to open its first mall outside Luzon, located in Iloilo City, in April this year. Megaworld had ...

Philippines stocks higher at close of trade; PSEi Composite up 0.33%
Investing - 2018-02-14
Shares in Metro Pacific Investments Corp (PS:MPI) fell to 52-week lows; down 8.65% or 0.530 to 5.600. Gold Futures for April delivery was up 0.32% or 4.30 to $1334.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in March fell 0.61 ...

DoubleDragon to build warehousing hub in Iloilo
Inquirer - 2018-02-14
Property developer DoubleDragon Properties Inc. is set to build an industrial leasing hub in Iloilo, the second in what it plans to be a chain of industrial warehousing hubs across the country under the brand "CentralHub." In a press statement on ...

SM opening mall in Imus
Inquirer - 2018-02-14
Property giant SM Prime Holdings, Inc. (SM Prime) is opening a new shopping mall in Imus, marking its sixth retail hub in the province of Cavite. SM Center Imus, which is set to open this Friday (Feb. 16.) will add 13,000 square meters (sqm) in gross floor ...

PSEi firms up at 8,500
Inquirer - 2018-02-14
Outside the PSEi, Prime Orion (-3.56 percent) and Megawide (-2.79 percent) both declined in relatively heavy trade. Don't miss out on the latest news and information.

Jollibee nets P7.1B in 2017
InterAksyon - 2018-02-14
JFC had 2,875 restaurant outlets in the Philippines, and was operating 922 stores abroad. Sales of the Philippine business in the fourth quarter grew by 14.8 percent, driven by the acceleration of store network expansion and continued strong same store ...

Financial Regulatory Developments Focus - February 2018 #2
Rule - 2018-02-14
In the unlikely event that we believe that the security of your user information in our possession or control may have been compromised, we may seek to notify you of that development and, if so, will endeavor to do so as promptly as practicable under the ...

Pitfalls of a parliamentary system
Inquirer Opinion - 2018-02-14
Malinao is a former diplomatic reporter and news editor of the Manila Standard. He teaches journalism at Pamantasan ng Lungsod ng Maynila and is the author of the book "Journalism for Filipinos." Don't miss out on the latest news and information.

Cavite-Tagaytay-Batangas Expressway project seen to move forward in February
Rappler - 2018-02-14
MANILA, Philippines - Two infrastructure units of Metro Pacific Investments Corporation (MPIC) expect to bag the original proponent status for the development of the 49-kilometer Cavite-Tagaytay-Batangas Expressway (CTBEX) by the end of February.

Economic Times - 2018-02-14
A deal with Walmart would give Flipkart much-needed heft to fight Amazon, which has committed to investing $5 bn in India as it expands aggressively. The S&P/ASX 200 index rose 0.7 per cent, or 42.4 points to 6,042.2, hitting a three-week high. The service ...

Petron Engineering Construction Ltd.
Economic Times - 2018-02-14
The carrier said it has till now carried more than 10 lakh passengers to their destination with reaching the one million passengers mark on January 19.

Economic Times - 2018-02-14
Facebook says this is a new feature and only a few of the users would see this, according to reports. According to Facebook, this is an optional prompt . The ability to adapt will determine future success. Here is a lowdown on the state of jobs in a slew ...

Tycoons submit bid to redevelop Naia
Inquirer - 2018-02-13
A P350-billion proposal to transform the Ninoy Aquino International Airport (Naia) into a world-class regional aviation hub comparable to the main airports of Singapore and Thailand was submitted to the government by a super-consortium backed by seven of ...

Philippines' Jollibee raises stake in US-based Smashburger Master
Business Insider - 2018-02-13
Inc subsidiary. "JFC will be able to participate in the very large mainstream American consumer market in addition to serving Filipino-Americans there," Jollibee said in a disclosure to the Philippine Stock Exchange. Jollibee, with a market value of $5.7 ...

A gridlocked mentality - 2018-02-13
Citing an example, traffic on Ayala Avenue is already bumper to bumper and yet Mapsa ... Atienza pointed out as he raised the issue or driver discipline in these cities. The Land Transportation Franchise Review Board, said Atienza, is also to blame for ...

With Smashburger, Jollibee eyes bigger bite of US market
Business World - 2018-02-13
HOMEGROWN food giant Jollibee Foods Corp. (JFC) is taking a bigger bite of the American fastfood market, as it raises its stake in Denver-based chain Smashburger. In a disclosure to the stock exchange on Tuesday, JFV said its wholly owned unit Bee Good!,

Philippines' Jollibee raises stake in U.S. based Smashburger Master
Reuters - 2018-02-13
MANILA (Reuters) - Philippine fast-food giant Jollibee Foods Corp (JFC.PS) said it would pay $100 million for a 45 percent stake in Smashburger Master, making it the majority owner of the U.S. hamburger chain, as it steps up its global presence.

San Miguel taps banks for largest share sale
BusinessMirror. - 2018-02-13
The offering of San Miguel Pure Foods Co. stock could raise around $1.5 billion, though the exact size is still under discussion, the people said. San Miguel President Ramon S. Ang said in a mobile phone text message on Tuesday he confirms the information ...

Wild finish looms as TCC golf unfolds - 2018-02-13
STA. ROSA, Laguna--One less of the best of the best, the elite cast slugs it out beginning today (Wednesday--all aiming for a hot start and the momentum in what promises to be an explosive launch to the new ICTSI Philippine Golf Tour season--the P5 ...

PHL eyes more shipbuilding investments, pivots delegation to Asia Pacific Maritime
BusinessMirror. - 2018-02-13
Two other notable foreign-owned firms are Austal (small aluminum passenger/mixed-use ships) and Keppel (mostly repair). Domestic shipyards primarily engage in ship repair for domestic ships, which accounts for 90 percent of domestic shipyard revenue.

The holding of foreclosed real properties by insurers
BusinessMirror. - 2018-02-13
Indeed, other than banks, real-estate financing has been provided by insurance companies. Many insurers are active in mortgage lending operations. This has been a practice since the start of the 20th century. In the Philippines one of the investment ...

Government urged to allocate more funds for low-cost housing
BusinessMirror. - 2018-02-13
THE government must provide more financial resources to finance the low-cost housing segment ... Affordable to low-cost Housing Imperial Homes range from P2 million to P4 million. Homes not valued more than P3 million are classified as affordable housing ...

Wild finish looms
BusinessMirror. - 2018-02-13
ONE less of the best of the best, the elite cast slugs it out beginning today--all aiming for a hot start and the momentum in what promises to be an explosive launch to the new International Container Terminal Services Inc. (ICTSI) Philippine Golf Tour ...

Philippines' Jollibee Raises Stake in U.S. Based Smashburger Master
U.S. News Money - 2018-02-13
Inc subsidiary. "JFC will be able to participate in the very large mainstream American consumer market in addition to serving Filipino-Americans there," Jollibee said in a disclosure to the Philippine Stock Exchange. Jollibee, with a market value of $5.7 ...

Jollibee investing $100m in US firm - 2018-02-13
Restaurant chain operator Jollibee Foods Corp. said it will infuse an additional $100 million to increase its stake in Smashburger Master Llc to 85 percent to expand its business in the United States. Jollibee said in a disclosure to the stock exchange it ...

Jollibee takes bigger bite of US hamburger market
Inquirer - 2018-02-13
Homegrown fast-food giant Jollibee Foods Corp. (JFC) has taken a bigger bite of the mainstream American hamburger market with a $100-million deal to jack up its stake in the Smashburger chain to 85 percent. JFC, through wholly-owned subsidiary Bee Good!

Jollibee takes bigger bite out of U.S.-based Smashburger
Rappler - 2018-02-13
MANILA, Philippines - Fast-food giant Jollibee Foods Corporation (JFC) is increasing its stake in US-based burger chain Smashburger from 40% to 85%, in line with its bid to conquer foreign markets. JFC told the Philippine Stock Exchange (PSE) on Tuesday ...

DPWH gets help from Hong Kong-based Arup for infra deals
Rappler - 2018-02-13
MANILA, Philippines - The Department of Public Works and Highways has signed a consulting contract with Ove Arup and Partners Hong Kong Limited (Arup) to help the DPWH prepare feasibility studies and detailed engineering designs for new inter-island ...

2 Cebu senior high schools get tech-voc equipment - 2018-02-13
This after AboitizPower subsidiaries Cebu Private Power Corporation (CPPC) and East Asia Utilities Corporation (EAUC) donated tech-voc equipment worth P2.8 million to Pusok National High School in Lapu-Lapu City and Don Carlos A. Gothong Memorial National ...

6 romantic art destinations near Metro Manila
Rappler - 2018-02-13
Located at Purok 157 Brgy. San Jose, Tagaytay City Proper, Tagaytay, Philippines 4120 (near Cityland Condo, beside Verazza Hotel, 200meters/2mins. walk from Tagaytay Rotunda) Dreamer's Hotline: +63 917 652 9075 ...

PTT, Cebu Pacific fuel-supply agreement renewed for P7 billion
BusinessMirror. - 2018-02-13
PTT Philippines Corp. and Cebu Air Inc. (CEB), operator of budget carrier Cebu Pacific, have renewed their jet fuel-supply agreement for P7 billion. The supply contract for 2018 was signed between PTT Philippines President and CEO Sukanya Seriyothin and ...

When climate comes unhinged, we need to re-think how to build our cities
Rappler - 2018-02-13
These practices bring nature back into the built space and make use of its great properties to balance heat and also heavy ... to a dockland area", which has been under stress for half a century due to heavy ship traffic.

Stock price index continues to decline
Inquirer - 2018-02-12
Apollo Global Capital, Island Information and Technology, Premiere Horizon Alliance, Travellers International and SBS Philippines will be removed. Don't miss out on the latest news and information.

INAEC, Galoc renew aviation services deal
Inquirer - 2018-02-12
With the renewal of this partnership with Galoc, INAEC remains to be the sole air transport service provider for the offshore oil and gas producers in the Philippines, including Philodrill Corp. and Shell Philippines Exploration B.V. Don't miss out on the ...

FDIs top 2017 target as of November
Business World - 2018-02-12
Taningco, economist at Security Bank Corp. The Philippine Statistics Authority announced on Nov. 16 that the economy grew by 6.9% in the third quarter, beating market expectations. This was later on revised upward to seven percent, while full-year growth ...

No change in PSE index; sectors undergo revamp
Business World - 2018-02-12
To be included in the index for services are MacroAsia Corp., PhilWeb Corp. and Waterfront Philippines, Inc. On the other hand, 2GO Group, Inc., Apollo Global Capital, Inc., Island Information and Technology, Inc., Premiere Horizon Alliance Corp ...

SolGen to Senate: Stop probe on Duterte's wealth
CNN Philippines - 2018-02-12
He said the money is in Duterte's joint account with his daughter Sara, in the Julia Vargas branch of the Bank of the Philippine Islands. In a privilege speech in October 2017, Trillanes also detailed Duterte's alleged bank transactions from 2006 to 2015 ...

AFC Cup: Bacolod rekindles its love affair with Ceres Negros
Rappler - 2018-02-12
MANILA, Philippines - Ceres Negros is back on home soil after a road trip that captured the imagination of the Philippine football community. The Negrenses embarked on an arduous gauntlet towards qualification in the top-tier AFC Champions League when ...

ERC to clear 61 pending rulings during TRO on suspensions
Business World - 2018-02-12
THE Energy Regulatory Commission (ERC) will be issuing rulings on 61 pending cases within the 60-day period when its four commissioners are back at work in compliance with a Court of Appeals (CA) temporary restraining order (TRO) on their suspensions.

First for 2018: Oil firms roll back gas, diesel, kerosene pump prices
BusinessMirror. - 2018-02-12
Seaoil, Pilipinas Shell, Phoenix Petroleum, and Eastern Petroleum said they will implement their respective price adjustments starting 6 a.m. on Tuesday, they announced on Monday, citing movements in the international petroleum market as the reason for the ...

Bright future for underprivileged children - 2018-02-12
Three organizations committed to educating, nurturing, and protecting underprivileged children received donations from PSBank to aid in their projects and charitable efforts. The bank gave a total of P300,000 to its three Corporate Social Responsibility ...

Promoting growth without compromising the environment
Manila Standard Today - 2018-02-12
World Wildlife Fund-Philippines has recognized developer Arthaland for being its partner in environmental works since 2010. The partnership has spearheaded programs geared towards promoting environmental education in the communities they serve. Real estate ...

Ikeda seeks 2nd LPGT victory at Splendido
BusinessMirror. - 2018-02-12
Chihiro Ikeda brims with confidence as she sets out for another crack at the Ladies Philippine Golf Tour (LPGT) crown, heading the cast in the International Container Terminal Services Inc. (ICTSI) Splendido Classic, which unfolds tomorrow at the Splendido ...

PSE retains main index composition
BusinessMirror. - 2018-02-12
while 2GO Group Inc., Apollo Global Capital Inc., Island Information and Technology Inc., Premiere Horizon Alliance Corp., Travellers International Hotel Group Inc. and SBS Philippines Corp. will be removed from the index. The Mining and Oil Sector will ...

PSE retains main index composition
BusinessMirror - 2018-02-12
AFTER reviewing its own performance from January to December last year, the Philippine Stock Exchange left the PSE index (PSEi) as it is, all 30 stocks. "For this index review period, we increased the minimum free-float level requirement from 12 percent ...