Filinvest breaks ground for 2nd phase of Cavite housing project
Business Mirror - 2018-02-06
FILINVEST Land Inc. (FLI) said it broke ground for the second phase of its Meridian Place project in Cavite, after sales of the first phase went faster than expected. "We are humbled that phase one is selling faster than we expected," said Rey Ascaño ...

Metro Clark will be the next growth area in the PHL
Business Mirror - 2018-02-06
The latest development includes the New Clark City in Capas, Tarlac, which recently held a groundbreaking of the P13-billion new national government center complex. New Clark City is envisioned to host a business district, tourism areas and world-class ...

Building the City of Tomorrow, Today: Anthology Architecture and Design Festival
Business Mirror - 2018-02-06
The MADE Anthology Awards is presented by the Metrobank Foundation and Anthology Festival in partnership with the United Architects of the Philippines, the National Commission for Culture and the Arts, and the Cultural Center of the Philippines.

Filinvest City accelerates growth trajectory in 2018
Business Mirror - 2018-02-06
In Photo: After more than 20 years, Filinvest City remains bullish as ever. FILINVEST City looks back to what was undoubtedly a memorable 2017, marked by numerous milestones and remarkable achievements that stand out in its more than 20 years of existence.

Philippine Seven Corp. rolls out new franchising package as part of expansion plan
Business Mirror - 2018-02-06
After opening 318 new stores in 2017, Philippine Seven Corp. (PSC), the exclusive local licensor of global convenience store (C-store) chain 7-Eleven, steps up its momentum with more strategic franchising initiatives as part of its aggressive expansion plan.

Art Fair Philippines turns its gaze on photography
Philstar - 2018-02-06
Bank of the Philippine Islands, Globe Platinum, and Julius Baer. The Philippine STAR is the newspaper partner of Art Fair Philippines. Lifestyle Feature ( Article MRec ), pagematch: 1, sectionmatch:

The Bacolod formula for happiness
Philstar - 2018-02-06
And they encourage every child in their care to chase big dreams, be it going to university or starting their own business. Only when we are taking risks are we truly alive! 3. Serve humanity. Each of us on this earth has a choice: we can leave the world ...

Palace rejects DICT request to extend deadline on entry of 3rd telco player
Philippine Daily Inquirer - 2018-02-06
Duterte had earlier asked China to provide the third telco player in the country to break the duopoly of the two telco giants, PLDT Inc. and Globe Telecom Inc. The two telco firms have been blamed for the slow and expensive internet and mobile phone ...

Megaworld to open P2.2-B shopping complex in Iloilo
Inquirer - 2018-02-06
ILOILO CITY--A P2.2-billion state-of-the-art and "pet-friendly" mall of giant developer Megaworld Corp. will open here in April and is expected to create at least 3,500 jobs. Kevin L. Tan, Megaworld senior vice president and head of Megaworld ...

Megaworld to open first big shopping mall in Iloilo
BusinessMirror - 2018-02-06
ILOILO City-Megaworld Corp. announced it expects to open its Festive ... It will be anchored by its two supermarkets of either SM or Metro Gaisano, a department store, home-essentials store, toy store and a food hall. The mall will also have seven ...

Diesel, gasoline, kerosene pump prices up anew
Philippine Daily Inquirer - 2018-02-06
Oil firms will raise pump prices for diesel and kerosene on Tuesday for the eight straight weeks as global supply tightened and as crude exporters expressed intent to prolong beyond 2018 an agreement to reduce output. Starting 6 a.m., prices of diesel went ...

The rise of the gig economy
Philstar - 2018-02-06
But when I asked PAL insiders, I was told that he would simply focus on Macroasia, also a Tan-owned company, as the aviation-support services provider grows even bigger. "He will concentrate on Macroasia -- big projects are coming," an insider said ...

Del Monte PH plans P16.7B IPO
Inquirer - 2018-02-06
said in a disclosure to the Philippine Stock Exchange on Tuesday. DMPI is an indirect wholly-owned subsidiary of DMPL, which is dually listed on the PSE and Singapore Exchange Ltd. DMPI is the wholly-owned subsidiary of Central American Resources Inc., a ...

Megaworld set to open Festive Walk Mall in Iloilo
Rappler - 2018-02-06
MANILA, Philippines - Andrew Tan-led developer Megaworld Corporation is set to open its first mall outside Luzon, located in Iloilo City, in April this year. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, February 5, Megaworld ...

Oil firms hike fuel prices today
Philstar - 2018-02-05
Pilipinas Shell Petroleum Corp. and SeaOil Philippines Inc. said their price adjustment would start at 6 a.m. Eastern Petroleum Corp., Phoenix Petroleum Philippine Inc. and PTT Philippines Corp. adjusted gasoline and diesel prices also at 6 a.m. Flying V ...

Megawide-GMR inks deal to expand Clark Airport
Philstar - 2018-02-05
MANILA, Philippines -- The tandem of Megawide Construction Corp. and GMR Infrastructure Ltd. of India has signed the engineering, procurement and construction (EPC) contract for the expansion of the Clark International Airport. TheInternational Finance ...

Usha Ananthasubramanian elected chairperson of IBA
The Tribune India - 2018-02-05
Powergrid awarded for best risk management Powergrid has been awarded the CNBC-TV18 "Best Risk Management Framework & Systems Award ... Sales Head - Asia Pacific Nexen Korea, were also present. NexenTires Corporation is a South Korea based company ...

Sea Lions seek 6th win vs Engineers in NCRAA
Philstar - 2018-02-05
MANILA, Philippines -- Olivarez College tries to stretch its unbeaten run to six as it clashes with Technological Institute of the Philippines in the Sta. Lucia Land-NCRAA basketball tournament at the Olivarez College Gym in Sucat, Parañaque today.

Goldilocks bent on network expansion
Philstar - 2018-02-05
SMIC, through SM Prime Holdings Inc. develops, owns and operates shopping malls around the Philippines. SMPHI operates close to 70 malls in the Philippines, while Goldilocks has a network of more than 500 stores, some of which operate in SM malls as well ...

PLDT sets aside over P150 billion for expansion until 2020
Rappler - 2018-02-05
Its rival Globe Telecom Incorporated has set an $850-million (P42.38-billion) capital spending budget for 2018 alone, the same level as last year, mainly to fund fast internet service to two million homes by 2020. - Rappler.com

Megaworld opening P2.2-B Iloilo mall in April
Philstar - 2018-02-05
ILOILO CITY, Philippines -- Megaworld Corp. is set to open by April its biggest full-scale mall outside Luzon, a P2.2 billion investment that is the first of four malls to open this year. Kevin Tan, senior vice president and head of Megaworld Lifestyle ...

Quicker security screening now available for PAL passengers from U.S.
Rappler - 2018-02-05
MANILA, Philippines - Passengers of Philippine Airlines (PAL) traveling from the United States may now avail of a faster security screening procedure, after the flag carrier became part of the US Transportation Security Administration (TSA) PreCheck program.

PSE profit up 18% in 2017
Philstar - 2018-02-05
MANILA, Philippines -- The Philippine Stock Exchange Inc. reported a net income of P825 million in 2017, up 18 percent year-on-year. Operating revenue and other income rose 10 percent to P1.63 billion due to higher trading activity, stronger market data ...

Megaworld to open P2.2-billion mall in Iloilo City
BusinessWorld Online - 2018-02-05
Mr. Tan said they are currently talking with the SM group and the Metro Gaisano group to open two ... The annex will house government offices, with the Land Transportation Office, Social Security System, and Philippine Health Insurance Corp. already ...

BPI net income climbs
BusinessWorld Online - 2018-02-05
BANK of the Philippine Islands (BPI) booked slightly higher net earnings in 2017 driven by the growth of its net interest income. In a disclosure to the Philippine Stock Exchange on Monday, the Ayala-led BPI said it recorded a net income of P22.42 billion ...

Property buyers shift gaze away from Metro Manila
BusinessWorld Online - 2018-02-05
"From the usual central business districts, we see more of developments moving outside due to various reasons," said Union Bank of the Philippines chief economist Ruben Carlo O. Asuncion. "One is the increasing prices of properties at the center

Security Bank net profit up 20% to P10.3 billion
BusinessWorld Online - 2018-02-05
Security guards stand on duty at a branch of Security Bank in Manila in this file photo taken on January 14, 2016 . -- AFP SECURITY BANK Corp. posted a higher net income in 2017 driven by growth across its business segments. In a disclosure to the local ...

Atlanta Office of the Future
Bisnow - 2018-02-05
Tony is the Vice President of Georgia Advanced Technology Ventures and is responsible for asset management of the real estate holdings, consisting of 12 ... GSU Alumni Association, Midtown Alliance, Metro Atlanta Chamber of Commerce. Jodi Selvey ...

Atlanta Office of the Future
Bisnow - 2018-02-05
Tony is the Vice President of Georgia Advanced Technology Ventures and is responsible for asset management of the real estate holdings ... Midtown Alliance, Metro Atlanta Chamber of Commerce. Brandon Houston is a Principal with Trammell Crow Company ...

Local share prices plunge as US bonds-yield spikes
Business Mirror - 2018-02-05
Lender BDO Unibank Inc. shed P3 to close at P150.50, Ayala Land Inc. lost P1.05 to P44.80, SM Prime Holdings Inc. declined P1.70 to P35.25, Ayala Corp. fell P20 to P1,030, SM Investments Corp. dropped P25 to P1,005 and PLDT Inc. was down P13 to P1,545.

ALI eyes trees from the forest to reach carbon-neutral status after five years
Business Mirror - 2018-02-05
AYALA Land is the only Philippine company included in The Sustainability Yearbook 2017, the most comprehensive publication on corporate sustainability produced by Swiss international investment company RobecoSAM. Multidisciplinary teams have been formed ...

ERC turmoil to disrupt power plant financing, construction -- Meralco
BusinessWorld Online - 2018-02-05
Electricians from the Manila Electric Co. is ready to maintain a secondary transmission line in Manila in this Aug. 11, 2015 file photo. -- AFP MANILA ELECTRIC Co. (Meralco) has warned about the cost on the distribution utility should the delay in the ...

Midsize ASEAN companies grow along with middle class
Nikkei Asian Review - 2018-02-05
The latest survey is the first ... the company, which is partially owned by Indonesian conglomerate Sinar Mas Group, a lift. Inti Bangun operated 3,677 towers at the end of 2016, up 40% from a year earlier. Education is in high demand in the Philippines ...

Trillanes wants Senate probe on alleged Duterte wealth
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) - Senator Antonio Trillanes IV on Monday formally asked for a Senate investigation on a possible violation of the Anti-Money Laundering Act (AMLA) by President Rodrigo Duterte and his daughter, Davao City Mayor ...

PSEi tumbles on Fed jitters
Inquirer - 2018-02-05
A global equities bloodbath spilled over to the local stock market on Monday, as the stronger-than-expected US jobs data spawned concerns that the US Federal Reserve (Fed) may turn more hawkish to curb resurgent inflation. The main-share Philippine Stock ...

Philippine Motoring 1988 - Roads, cars and places to go to (Part 2)
AutoIndustriya.com - 2018-02-05
The other manufacturer who stuck it out in the Philippines was Mitsubishi who continued to build ... LCD frequency display and a power antenna or a rubber duck coil antenna. Panasonic ceiling mount and Blaupunkt's Berlin gooseneck series, were quite ...

Finance secretary Dr Hasmukh Adhia defends LTCG tax at Indian Institute of Management
Ahmedabad Mirror - 2018-02-05
LTCG Tax is necessary to boost manufacturing," said Dr Hasmukh Adhia, the Finance Secretary to the government of India ... Adhia said, "During 2016-17 companies and individuals reported an LTCG of Rs 3.67 lakh crore in the country. Most of it was earned ...

Ayala weighs options on Qualimed venture
Inquirer - 2018-02-05
... considering to vie for the chain of Qualimed hospitals and clinics jointly put on the auction block by its property arm Ayala Land Inc. and the Mercado hospital group, finding potential synergy with its burgeoning healthcare business. It was earlier ...

Research firm bullish on PH LNG industry
Inquirer - 2018-02-05
These include the 1,000-MW Sta. Rita complex, 500-MW San Lorenzo facility, 414-MW San Gabriel plant and the 97-MW Avion plant--all part of the portfolio of First Gen Corp. The fifth facility is the 1,200-MW Ilijan power plant, which is now part of the San ...

Security Bank nets P10.3B
Inquirer - 2018-02-05
Local banking giant Security Bank Corp. reported another banner year for 2017, growing its net profit by 20 percent to a record high P10.3 billion. The increase in profit was driven by a double-digit expansion of interest and non-interest earnings, based ...

Concepcion Industrial nets P980M
Inquirer - 2018-02-05
This 2018, key priorities will be to grow faster than the market, preserve value, maintain business fundamentals, and fast-track investment in growth areas, Concepcion said. Victoria Betita, CIC chief finance officer, said the 8-percent increase in ...

Lumad father and son 'shot to death' in Davao del Norte
Rappler - 2018-02-05
DAVAO CITY, Philippines - A Lumad father and his son were "shot to death" early Sunday morning, February 4, inside their house in Talaingod, Davao del Norte, the military said. The victims were identified as Datu Banadjao Mampaundag, and his son ...

With Sri Lankan port acquisition, China adds another 'pearl' to its 'string'
CNN Philippines - 2018-02-05
Dean Cheng, a senior fellow at the Heritage Foundation in Washington ... assistant professor in the politics department at the University of Hong Kong. "India is incredibly corrupt, its infrastructure is terrible, and it is riddled with religious and ...

300 Fil-Canadians to visit Bacolod, Negros
Philippine Information Agency - 2018-02-05
The group will also visit Victorias City, Victorias Milling Company, St. Joseph the Worker, and VMC Golf and Country Club as well as Cadiz City--Lakawon Island Resort, and Silay City--Civic Center and a heritage house. Other destinations include ...

3 ex-LandBank officials, 2 Uniwide finance execs sued for theft, estafa
Business Mirror - 2018-02-04
A complaint for qualified theft and estafa has been filed before the Department of Justice against former executives of state-owned Land Bank of the Philippines (LandBank) and finance officers of Uniwide Holdings Inc. (UHI) for allegedly conspiring to ...

Lexus holds annual Asia Pacific golf event
Philstar - 2018-02-04
Ambassador Guglielmino inducted the hardworking business leader into the distinguished order in the presence of family and friends led by his beloved grandfather Rustan Commercial Corp. chairman emeritus ambassador Bienvenido Tantoco, Sr., his mother ...

2 ex-bank execs face estafa raps
Philstar - 2018-02-04
over the allegedly illegal foreclosure of P4 billion worth of properties and assets of Uniwide Holdings Inc. (UHI). Charges of estafa and qualified theft were filed against Margarito Teves and Roberto de Ocampo, former president and chairman of Landbank ...

SM hotel and conventions unit to invest in serviced apartments
Business Mirror - 2018-02-04
Iloilo, Angeles, Pasay, Bacolod and Baguio. These hotels have an average of 200 rooms each. In Quezon City, specifically, "the multi-tower North Edsa project is one of the current developments initiated by our parent company SM Prime Holdings Inc. One ...

Ayala to ramp up 2018 spending
Philstar - 2018-02-04
"In the healthcare business, we would like to eventually get into hospitals," the Ayala CFO said. Ayala Land Inc. is looking to sell QualiMed Health Network, which is a partnership with the Mercado Group. QualiMed has at least four operating hospitals ...

Poll bares rate hike expectation
BusinessWorld Online - 2018-02-04
Asuncion, chief economist at Union Bank of the Philippines. "Although January electricity rates were said to be lower, this would have not been enough to offset TRAIN and other related price level impacts." TRAIN imposed an additional P2.50 excise tax ...