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 - 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 - 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 - 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 ...

'Super consortium' formalizes P350-billion NAIA rehab proposal
Rappler - 2018-02-14
The 7 partners - Aboitiz InfraCapital Incorporated, AC Infrastructure Holdings Corporation, Alliance Global Group Incorporated, Asia's Emerging Dragon Corporation, Filinvest Development Corporation, JG Summit Holdings Incorporated, and Metro Pacific Inve ...

Net income of RCBC surges to P4.3 billion in 2017
Rappler - 2018-02-14
MANILA, Philippines - Yuchengco-led Rizal Commercial Banking Corporation (RCBC) saw its net income grow by 11.4% in 2017, boosted by its strong performance in the last quarter of the year. The country's 10th largest bank in terms of assets saw its net ...

Jollibee Foods Corp. to increase stake in smashburger
Sun Star - 2018-02-14
JOLLIBEE Foods Corp. (JFC) disclosed yesterday that its wholly-owned subsidiary Bee Good! Inc. (BGI), will purchase from Smashburger Master LLC an additional 45 percent of SJBF LLC, the parent company of the entities comprising the Smashburger® business.

Lender sells blockchain technology to rural lenders
BusinessMirror. - 2018-02-14
Meanwhile, UnionBank subsidiaries City Savings Bank Inc. and Union Properties Inc. recently signed a share purchase agreement (SPA) with Aboitiz Equity Ventures Inc. (AEV) to acquire 51 percent of the common shares of transaction network Petnet Inc. Petnet ...

Dutchman upstages local aces with 4-under - 2018-02-14
But he made up for the miscue with that big birdie finish for a two-shot cushion that, however, could vanish in an instant given the condition at the Tom Weiskoph-designed layout with three rounds left in the P5 million event put up by ICTSI president and ...

Nickel miners launch drive to help families displaced by restive Mayon
BusinessMirror. - 2018-02-14
The PNIA is composed of Global Ferronickel Holdings Inc., CTP Construction and Mining Corp., Citinickel Mines and Development Corp., Carascal Nickel Corp., DMCI Mining Corp., Marcventures Mining and Development Corp. and Agata Mining Ventures Inc. PNIA is ...

DoubleDragon to build 2nd industrial hub in Iloilo
BusinessMirror. - 2018-02-14
LISTED property developer DoubleDragon Properties Corp. is beefing up its market position in the industrial leasing segment by acquiring a 3.9-hectare lot in Iloilo, which it will develop into an industrial hub. DoubleDragon told the local bourse its ...

Can China Telecom spur healthy industry competition?
BusinessMirror. - 2018-02-14
Ramos during his reign. It was half-baked. The policy opened the doors to other players such as Liberty Telecom, Eastern Telecom, Bayantel, among others. The problem is that only PLDT was allowed to operate nationwide, while the other players, including ...

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 ...

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 ...