ICTSI to complete expansion of Iraq terminal by Q3 2019
BusinessWorld Online - 2018-02-08
International Container Terminal Services, Inc. (ICTSI) is expects the expansion of its terminal in Iraq to be completed by the third quarter of 2019. The Razon-led port operator said in a statement the Basra Gateway Terminal (BGT) Phase 2 expansion will ...

Meralco rates slightly rise after a 2-month decline
CNN Philippines - 2018-02-08
Metro Manila (CNN Philippines, February 8) -- After two consecutive months of low power rates, Manila Electric Co. (Meralco) will slightly raise charges this February. Meralco said the rate hike is caused by higher generation charge--or the cost of ...

Regalado Extension lane in QC closed as Meralco relocates power lines
Philippine Daily Inquirer - 2018-02-08
In an advisory, the Metro Rail Transit 7 (MRT-7) Traffic Management Task Force said the Manila Electric Company (Meralco) would be relocating power lines in the area. "Motorists are therefore advised to avoid said area and to take alternate routes instead.

RCBC eyes lawsuit against Bangladesh Bank over heist claims
Rappler - 2018-02-08
MANILA, Philippines - Listed Rizal Commercial Banking Corporation (RCBC) is considering filing a lawsuit against Bangladesh Bank officials for claiming RCBC's involvement in the $81-million cyber heist two years ago. The Yuchengco-led bank's statement ...

RCBC mulls lawsuit against Bangladesh CB, cries "cover-up" of $81M cyberheist
Inquirer - 2018-02-08
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) has threatened to bring Bangladesh Central Bank officials to court for allegedly maligning the local bank and using it as the "scapegoat" in the $81-million cyberheist that happened in early 2016.

Globe to spin off cellular tower assets
Inquirer - 2018-02-08
We have been helping the nation in providing opportunities for more Filipinos by providing them with connectivity and access to the internet, enabling industries like BPO (business process outsourcing) to flourish, creating connected cities in the rural ...

Meralco power rates to increase this month
BusinessWorld Online - 2018-02-08
A Meralco lineman works at an electric post along V. Luna in Quezon City. -- Michael Varcas / PHILIPPINE STAR The cost of electricity in February will increase by P1.08 per kilowatt-hour (kWh), Manila Electric Co. (Meralco) said, pointing to higher pass ...

Group taps Changi operator for airport plan
Inquirer - 2018-02-08
A member of the super consortium that wants to rehabilitate and redevelop the Ninoy Aquino International Airport (Naia) confirmed that they were partnering with Changi Airports International (CAI) for the project. "The consortium has agreed that Changi ...

Up to 45 times return! This Kolkata IT guy knows multibaggers better than coding
Economic Times - 2018-02-08
ETMarkets.com could not independently verify his holdings at present or back then. Basumallick also claims Cera Sanitaryware, Mayur Uniquoters, Astral Poly Technik, Symphony and Century Plyboards ... some 5 per cent from its peak point in just over a ...

Vista Land aims for 60 malls by 2020
Inquirer - 2018-02-08
"We remain bullish with the expansion plans of our leasing business through our subsidiary, Starmalls Inc., to add 38 more malls in the next three years," Vista Land chair Manuel Villar Jr. said in a press statement on Thursday. "We remain optimistic ...

Dozens feared trapped in Taiwan after earthquake topples buildings
CNN Philippines - 2018-02-08
It also damaged bridges and buckled roads in the east of the island ... were injured and taken to hospital, authorities said, but they have all been released. In total, 31 foreigners were affected, including 14 South Koreans, nine Japanese, two Czechs ...

Golden Bay Properties eyes P3-B sales from project
interaksyon.com - 2018-02-08
Wong said its partner, Megawide Construction Corp., was ready to start the project construction next week. Construction is expected to take one year and eight months. He said about eight companies had already purchased all units in three floors ...

Ayala buying National Teachers College
Inquirer - 2018-02-08
The institution has also established growing Colleges of Accountancy & Business, Arts & Science, Hospitality Management and Information Technology, and a School of Advanced Studies. "We are very grateful that several groups had expressed their sincere ...

Filinvest City bullish of growth in 2018
Malaya - 2018-02-08
The Department of Information and Communications Technology (DICT) will accredit by the first quarter of 2019 at least two tower companies (TowerCos) which will invest $4... The Department of Trade and Industry (DTI) has recommended the inclusion of the ...

Communities pledge to protect, conserve Tullahan River
Philippine Information Agency - 2018-02-08
Participants from Barangay Sta. Lucia in Quezon City actively participated in an activity aimed at enhancing their understanding of the various environmental principles. They were tasked to draw what they want to put in the "land" near the Tullahan River.

Communities pledge to protect, conserve Tullahan River
Philippine Information Agency - 2018-02-08
Participants from Barangay Sta. Lucia in Quezon City actively participated in an activity aimed at enhancing their understanding of the various environmental principles. They were tasked to draw what they want to put in the "land" near the Tullahan River.

Financial Regulatory Developments Focus - February 2018
JD Supra - 2018-02-07
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 ...

PLDT returns frequencies for free
Inquirer - 2018-02-07
These will form part of the frequencies the government plans to award to a prospective third telco player that Mr. Duterte hopes will break the industry duopoly of PLDT and Globe Telecom by March this year. The decision came after the President ...

Can China Telecom spur healthy industry competition?
Business Mirror - 2018-02-07
Now that the Duterte administration has successfully lured China Telecom to come in to "break" the duopoly of PLDT Inc. and Globe Telecom, fixed line and mobile subscribers are looking forward to better service, and fast and easy connectivity.

A ticking time bomb in the power sector
Philstar - 2018-02-07
BIZ LINKS By Rey Gamboa (The Philippine Star) | Updated February 8, 2018 - 12:00am Like a ticking time bomb, the impasse at the Energy Regulatory Commission - after four of its commissioners were suspended - will not only affect consumers with possible ...

House orders BIR to probe Chief Justice Sereno taxes
Philstar - 2018-02-07
At one point, Macasaet also revealed that she was earning about "P10 million in annual fees" from her other IT jobs and that among her clients were the Social Security System ... P500,000 a month by the "King Group of Companies," which operates ...

Govt keen on educating students on renewable energy
The Hans India - 2018-02-07
Guntur: Non-conventional Energy Development Corporation donated Rs 1 lakh to the Acharya Nagarjuna University to conduct a seminar on renewable energy to create awareness among the students. The NEDCAP managing director, Kamalakar Babu gave Rs 1 lakh ...

In-form Jhonnel Ababa eyes top TCC Invitational finish
Philstar - 2018-02-07
Tony Lascuña topping the Wack Wack and Justin Quiban scoring a breakthrough at the Central Azucarera de Tarlac Open at Luisita. But Ababa opened the new season with those twin wins, easily making him the marked player in the upcoming TCC Invitational put ...

Ayala eyes Kia distributorship
Philstar - 2018-02-07
In a disclosure to the Philippine Stock Exchange yesterday, Ayala Corp. (AC) said the group is being considered as the "preferred bidder" to become the new local distributor of Kia in the country. "We confirm that our wholly owned subsidiary ...

Ortigas & Co. embarking on P50-B redevelopment of Frontera Verde
Philstar - 2018-02-07
The company, which is co-owned by property giants SM Prime and Ayala Land, said the P50-billion redevelopment would be executed in three phases and make Ortigas East the new residential, retail, and business hub in the east of the metro. It is likewise ...

Alsons to build more power plants in Mindanao
Philstar - 2018-02-07
MANILA, Philippines -- Alsons Power Group, the energy business of the Alcantara family, has vowed to build more power plants in Mindanao to provide the much needed power supply boost especially with upcoming major road improvements in the region.

Duterte imposes moratorium on new casinos
Philstar - 2018-02-07
Gokongwei, chairman of JG Summit Holdings Inc., visited the site in December last year. "They intend to open in 2022," Domingo said. Villar, another tycoon, is also seeking to put up a casino in Dasmarinas, Cavite. "He wants to put up a hotel and ...

IMI revenues reach $1 B in 2017
Philstar - 2018-02-07
MANILA, Philippines -- Global manufacturing solutions firm Integrated Micro-Electronics Inc. (IMI) of the Ayala Group reported a 21 percent jump in profit to $34 million last year as revenues soared to a record high of $1.09 billion. IMI said last year ...

DICT: Selection of 3rd telco player may be extended to April
Philstar - 2018-02-07
Rio said three groups led by the Philippine Telegraph and Telephone Corp., NOW Corp. and Converge ICT Solutions Inc. are expected to take part in the selection process. According to guidelines from the DICT for the selection of the new telco player ...

VACC files plunder raps vs. Trade Sec. Lopez, 10 others
CNN Philippines - 2018-02-07
Metro Manila (CNN ... nationals and Hyundai Motor Company (HMC) officials Mong-Koo Chung, chairman and co-chief executive officer (CEO), Won-Hee Lee, president and co-CEO, and Yong Suk Lee, president of HMC's Asia and Pacific regional headquarters.

San Miguel sets P700-billion five-year capex
Business Mirror - 2018-02-07
including SMC Global Power, San Miguel Holdings Corp. and San Miguel Properties Inc. San Miguel has named BDO Capital and Investments Corp., BPI Capital Corp., China Bank Capital Corp., First Metro Investments Corp., ING Bank, SB Capital Investment Corp ...

San Miguel to spend P700 billion in next 5-7 years
BusinessWorld Online - 2018-02-07
Petron Corp. is expected to continue to contribute bulk of revenues at 44%, although lower than the 49% recorded in 2016. The beverage segment will remain at a level of 17%, same as power with 11%. The infrastructure business will contribute 4% by 2020 ...

Ayala bidding for Kia distributorship in PHL
BusinessWorld Online - 2018-02-07
Ayala Corp. has diversified business interests that include real estate, financial services, telecommunications, water infrastructure development and electronics manufacturing. It has recently entered new sectors with investments in power generation ...

Infracorp expects go-signal for monorail by end-March
BusinessWorld Online - 2018-02-07
ALLIANCE GLOBAL GROUP INFRACORP Development, Inc. expects to secure original proponent status for its P3.8-billion monorail project connecting the Metro Rail Transit (MRT) Guadalupe Station to Fort Bonifacio by the end of March. "We are about to get ...

Solar Philippines to build plants without approved PSA
BusinessWorld Online - 2018-02-07
"We have 300 MW operating and under construction. We have between our three projects right now -- for Meralco and other contestable customers -- Tarlac, Tanauan and Maragondon projects, that will be 400 MW by the end of the year," Mr. Leviste sai

SC denies Ayala Land's motion for reconsideration on prime Las Piñas lot
Rappler - 2018-02-07
MANILA, Philippines - Ayala Land Incorporated (ALI) lost control of a 6.8-hectare prime lot in Las Piñas City after the Supreme Court (SC) rejected its motion for reconsideration. "The court resolves to deny [the motion for reconsideration] with ...

Del Monte Philippines plans P16.7-billion IPO
Rappler - 2018-02-07
MANILA, Philippines - Del Monte Philippines Incorporated (DMPI), the local unit of fruit grower and canner Del Monte Pacific Limited Incorporated (DMPL), plans to raise as much P16.7 billion through an initial public offering (IPO). DMPL said in a ...

Globe Telecom expects to sustain high capital spending until 2020
Rappler - 2018-02-07
The firm attributed the drop to the effects of the P69.1-billion deal to buy the telco assets of San Miguel Corporation (SMC) as well as continued investments in mobile data infrastructure. Globe ended 2017, however, with revenues of P127.9 billion ...

Birds, food and tricycles: Metro Manila offers tourism treasures
Business Mirror - 2018-02-07
The Philippines sees an even larger increase in Chinese visitors when Philippine Airlines (PAL) brings in tourists from Xiamen to Puerto Princesa, Palawan, starting February 10. More flights are scheduled on February 14, 18 and 22. Teo said the DOT is also ...

Bangladesh to file US suit over central bank heist
News Philippines Yahoo - 2018-02-07
The money was transferred to a Manila branch of the Rizal Commercial Banking Corp (RCBC), then quickly withdrawn and laundered through local casinos. With only a small amount of the stolen money recovered and frustration growing in Dhaka, Bangladesh's ...

Solar PHL sweetens offer to Meralco
Business Mirror - 2018-02-07
SOLAR Philippines Power Project Holdings Inc. said it is prepared to expand its portfolio to accommodate the power requirements of the Manila Electric Co. (Meralco). The company announced this after submitting an offer to provide 24/7 power to the country ...

Ababa: I feel good!
Business Mirror - 2018-02-07
The former national amateur hotshot snapped a three-year title spell with an emphatic seven-stroke victory at International Container Terminal Services Inc. (ICTSI) Eagle Ridge Invitational over Elmer Salvador, then edged Aussie Andrew Campbell by two at ...

PLDT to surrender CURE frequencies at no charge
BusinessWorld Online - 2018-02-07
The government plans to award the remaining available frequencies, to the third player, allowing the new entrant to compete with incumbents PLDT and Globe Telecom, Inc. Mr. Rio said that the 3G frequency bands were awarded via "beauty contest" by the ...

Poe: Tweaking Charter to allow foreign telco players possible
Philippine Daily Inquirer - 2018-02-07
Poe made the statement after PLDT Inc. reportedly agreed to surrender "at no cost" to government one of its radio frequencies with the potential entry of a third telecom player in the country. "Well first of all meron naman talagang nakalaang ...

Filinvest expands mass housing in Gen. Trias
Inquirer - 2018-02-07
Gotianun-led property developer Filinvest Land Inc. has expanded its mass housing business with a new development in General Trias, Cavite that brings to the property market around P1.44 billion worth of low-cost housing inventory. The new project called ...

Globe, Facebook, DepEd collaborate to promote responsible digital citizenship in schools nationwide
Inquirer Technology - 2018-02-07
Data from a Philippine National Police (PNP) report also bared that half of ... of "Safer Internet Day" in the Philippines. One-hundred (100) public high school students from Metro Manila converged at the Mind Museum in Taguig City to participate ...

Ricci Rivero denies Ateneo, UST recruitment rumors
Rappler - 2018-02-07
MANILA, Philippines - As far as Ricci Rivero is concerned, he is still a member of the Gilas Pilipinas 2023 prospect pool and a member of the De La Salle University (DLSU) Green Archers. The standout collegiate guard confirmed this after Gilas ...

PLDT not seeking reimbursement for CURE frequencies, Palace upbeat on outlook for 3rd telco
InterAksyon - 2018-02-07
MANILA - Philippine Long Distance and Telephone Company (PLDT) will no longer seek reimbursement - as it was promised in an earlier agreement with government - for its costs in 2011 and will return the CURE frequencies, paving the way for the entry ...

PLDT not seeking reimbursement for CURE frequencies, Palace upbeat on outlook for 3rd telco
interaksyon.com - 2018-02-07
The PLDT logo is displayed at its main building in Makati City. INTERAKSYON FILE PHOTO MANILA - Philippine Long Distance and Telephone Company (PLDT) will no longer seek reimbursement - as it was promised in an earlier agreement with government - for ...

Del Monte to list PHL unit at the PSE
Business Mirror - 2018-02-07
CAMPOS-led Del Monte Pacific Ltd. said on Tuesday it is spinning off its Philippine unit Del Monte Philippines Inc. and list it at the Philippine Stock Exchange (PSE) to raise some P16.72 billion. In its disclosure, the company said it has already filed ...