DICT issues draft terms for picking 3rd telco player in PH
Inquirer - 2018-02-19
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. Rio earlier said that telco firms from China, Japan, Taiwan, and South ...

At new BGC office, PSE finally opens unified trading floor
InterAksyon - 2018-02-19
The Ortigas offices were sold back to its developer, Philippine Realty and Holdings, Corp., while the PSE has yet to decide what to do with the Ayala offices. "The move is symbolic of a move towards a united capital market. After the unification of the ...

At new BGC office, PSE finally opens unified trading floor
InterAksyon - 2018-02-19
The Ortigas offices were sold back to its developer, Philippine Realty and Holdings, Corp., while the PSE has yet to decide what to do with the Ayala offices. "The move is symbolic of a move towards a united capital market. After the unification of the ...

SM Prime nets P27.6B
Inquirer - 2018-02-19
Property giant SM Prime Holdings grew its recurring net profit last year by 16 percent to P27.6 billion on higher rental revenue from shopping malls and residential development. Consolidated revenues grew by 14 percent to P90.9 billion last year.

BRIEF-Philippine Business Bank Inc A Savings Bank Responds To Media Article On A Partnership
Reuters - 2018-02-19
Feb 19 (Reuters) - Philippine Business Bank Inc A Savings Bank: * RESPONDS TO ARTICLE; SAYS NOT AWARE OF ANY ON-GOING DISCUSSIONS BETWEEN CO AND TAIWAN COOPERATIVE BANK Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ...

TIMELINE | What we need to know: Bong Go and the P16-B Navy frigate deal
InterAksyon - 2018-02-19
The Presidential Management Staff, which Go heads, also asked then Frigate Project Technical Working Group chairman Commodore Robert Empedrad ... 2016 - GRSE was declared non-compliant to the financial requirements of the project as required by Section ...

Ombudsman charges ex-Philippine Ports Authority officials with graft
Rappler - 2018-02-18
Palmones linked the two to the supposedly anomalous renewal of a private port permit in favor of DMCI Mining Corporation in 2013. He also named Isidro and Herbert Consunji, Rodolfo Cabuay, and Ceasar Simbulan, but they were not included in the resolution.

Contractual gov't worker should get P3.17M for illegal dismissal - COA
Rappler - 2018-02-18
MANILA, Philippines - After a years-long legal battle, an accounting clerk who worked on a contractual basis for the government-owned and -controlled Philippine National Construction Corporation (PNCC) before being fired is set to receive over P3.17 ...

Oil firms roll back gas prices
BusinessMirror. - 2018-02-18
PTT Philippines, Eastern Petroleum and Phoenix Petroleum have implemented price cuts on gasoline products by P1.05 per liter and P1.25 per liter for diesel. Their respective price adjustments took effect at 6 a.m. on February 18. Phoenix said separately ...

E-commerce in PHL third largest in Southeast Asia
BusinessMirror. - 2018-02-18
7 Eleven]. Payment by installments proves to be very popular [and increasingly so] in both Vietnam [47 percent of merchants] and Indonesia [42 percent]," according to iprice.

Albay DPWH 2018 budget stripped of P2B
BusinessMirror. - 2018-02-18
The controversial project was comprised of an initial four roads, which the Department of Environment and Natural Resources immediately ordered ... Board member Howard Sim Imperial, chairman of the committee on Housing and Land Use, said he had received ...

Asean officials learn about marine-protected areas
BusinessMirror. - 2018-02-18
Several officials from environment offices of some Southeast Asian countries visited marine-protected areas (MPAs) in Batangas province in the Philippines early this ... Wiederaufbau (KfW or German Development Bank) through the Small Grants Programme ...

At new BGC office, PSE to finally open unified trading floor
Business World - 2018-02-18
In preparation for the transfer of its offices to BGC, the PSE last week held the final ceremonial ringing of the closing bell at the Tektite and Ayala towers. The Ortigas offices were sold back to its developer, Philippine Realty and Holdings, Corp ...

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.