Toward a sustainable future
BusinessWorld Online - 2018-02-01
The Financial Executives Institute of the Philippines (FINEX ... Albert Gamboa is Chief Financial Officer of the Asian Center for Legal Excellence and serves as Co-Chairman of the FINEX Media Affairs Committee.

Main index declines amid valuation concerns
BusinessWorld Online - 2018-02-01
"After two successive days of massive selldowns, the Philippine market still finished on a sour note to start the month of February, as earnings season will soon be starting," Regina Capital Development ... SM Prime Holdings, Inc. and SM Investments ...

Philippines' SM conglomerate ditches bakeshop buy
Nikkei Asian Review - 2018-02-01
The deal's collapse is a setback to SM's plans to expand its retail empire, which is the largest in the Philippines but is facing increasing competition from other companies, including Robinsons Retail Holdings, an affiliate of JG Summit Holdings.

SBMA closes ranks with BOC in fight vs smuggling
Business Mirror - 2018-02-01
Last week Eisma and Lapeña, along with Port of Subic District Collector Fidel Villanueva and Philippine International Trading Corp. President and CEO Dave Almarinez, also inspected three shipments seized by the Subic BOC for various violations of customs ...

PSEi declines by 1.64% on profit-taking
Inquirer - 2018-02-01
Investors also loaded up on shares of companies outside the PSEi. ATN Holdings surged by 35.63 percent in relatively heavy volume while TBGI racked up 3.33 percent. Stock pundits said ATN, which has the same controlling shareholders as TBGI, rode on the ...

DoubleDragon, partners to build PH's 'biggest' hotel in Boracay
Rappler - 2018-02-01
"The Hotel101 Resort-Boracay will soon rise on the beachfront of Boracay Newcoast featuring 1,001 rooms and is expected to become the biggest hotel in the Philippines in terms of room count," DoubleDragon Properties Corporation said in a disclosure to the ...

SM scraps Goldilocks acquisition deal
Rappler - 2018-02-01
(READ: FAST FACTS: SM Investments Corporation) Established in 1966, Goldilocks has grown from a small bakery in Makati City to the country's largest bakeshop with over 400 stores at home and abroad. -

SM Retail stops plans to acquire Goldilocks
CNN Philippines - 2018-02-01
SM Retail is a subsidiary of SM Investments Corp. (SMIC), mother company of SM Prime Holdings Inc. (SMPHI) in charge of Sy's mall operations. SMPHI operates close to 70 malls in the Philippines. Under the Philippine Competition Act, PCC must review mergers ...

Robinsons Bank sets P730-M capex plan - 2018-02-01
Earlier, Philippine National Bank, East West Banking Corp. and UnionBank of the Philippines announced they will be offering LTNCDs in 2018.

The biggest hotel in the Philippines will open on the island of Boracay
E TN Global Travel Industry News - 2018-02-01
"We envision Hotel101 to become the largest and most recognized hotel chain in the Philippines, significantly contributing ... pool and outdoor deck, a business center, meeting rooms and function hall. The project will adopt sustainable best practices ...

SE Asia Stocks-Most rise; Philippines recovers
Reuters - 2018-02-01
with the Philippines snapping two sessions of falls on the back of gains in real estate shares. The Philippine Stock Exchange PSEI Index rose as much as 0.6 percent after shedding 3.3 percent in the previous two sessions. "The index dropped quite a bit.

Ombudsman refuses to suspend deputy
Philippine Daily Inquirer - 2018-02-01
From 2006 to 2015, Mr. Duterte held seven joint accounts with his daughter Sara at Bank of the Philippine Islands (BPI) branch on Julia Vargas Avenue in Pasig City, nine joint accounts at BPI Edsa Greenhills branch, and one joint account at Banco de Oro ...

Union Bank rolls out P3B IOU offer
Inquirer - 2018-02-01
Aboitiz-led Union Bank of the Philippines has rolled out a new offering of high-yielding deposit notes worth at least P3 billion, aiming to improve its deposit maturity profile and support business expansion plans. The launch followed the Bangko Sentral ng ...

Hotel 101 breaks ground for Boracay resort
Inquirer - 2018-02-01
Kevin Tan, executive director of Alliance Global Group Inc. and senior vice president of Megaworld said: "This new development by Hotel101 Resort-Boracay group will become a major provider of comfort and convenience for tourists visiting Boracay.

Tennis solidarity in offing - or is it?
Philstar - 2018-01-31
Cablitas, a sports editor of the FEU Advocate before earning his law degree at San Beda College, said rising stars like Iggy Pantino and Alexandra Eala deserve a break in making their tennis dreams come true. Dean's Corner ( Article MRec ), pagematch ...

Budget 2018: Finance minister may enhance allocation for infrastructure, agriculture and rural development
News Nation - 2018-01-31
For the finance minister Arun Jaitley ... There is also a need that a National Logistics Company may be established which communicates with the states with respect to their needs of agricultural produces and bridges the supply demand gaps of the ...

Adapting to E-commerce
Philstar - 2018-01-31
NEGOSYO KAPATID: Angat Lahat By Joey Concepcion (The Philippine Star) | Updated February 1, 2018 - 12:00am Shoe brand PayLess closed 20 percent of its 4,000 stores last year. Giant clothing brand H&M has announced that they will be closing more stores this ...

Laguna Water sets P1.2 B capex
Philstar - 2018-01-31
MANILA, Philippines -- Laguna Water Corp., a unit of Ayala-led Manila Water Co. Inc., is spending P1.2 billion this year to expand its coverage in the province. The company plans to increase its service area from its existing concession in Sta. Rosa ...

Megaworld embraces digital technology in township development
Philstar - 2018-01-31
MANILA, Philippines -- Megaworld Corp., the Andrew Tan-led property company, is embracing digital technology and connectivity in its townships which would transform these mixed-used estates into smart cities. Over the weekend, it unveiled its so-called ...

The Disruptor
Philstar - 2018-01-31
EYES WIDE OPEN By Iris Gonzales (The Philippine Star) | Updated February 1, 2018 - 12:00am At first glance, Bangko Sentral ng Pilipinas Governor Nestor Espenilla Jr. may seem like someone from the academe -- quiet and by-the-book. But when he starts ...

Labor group, lawmakers urge Duterte to reject hike in SSS contribution
Business Mirror - 2018-01-31
A labor group said on Wednesday it would express its opposition to the looming membership fee hike of the Social Security System (SSS) during its expected meeting with President Duterte next week. "We will raise the [fee hike] issue with the President ...

ALI allots 450 hectares for carbon neutrality
Philstar - 2018-01-31
MANILA, Philippines -- Ayala Land Inc (ALI), the property development arm of the Ayala Group, is dedicating nearly 500 hectares for its planned carbon forests. The move is in line with plans to achieve "carbon neutrality" by 2022. ALI sustainability ...

Money supply, lending growth eases
BusinessWorld Online - 2018-01-31
GROWTH of money supply slowed in December as the increase of bank lending eased and as the government issued retail bonds, the central bank reported yesterday. At the same time, year-on-year growth of bank loans for production activities -- accounting for ...

Ayala Land aims to neutralize its carbon footprint by 2022
BusinessWorld Online - 2018-01-31
THE ENVIRONMENT is taking the spotlight in the boardroom of Ayala Land, Inc. (ALI), as the Philippine property giant works on incorporating more sustainable practices in its business to neutralize its carbon footprint by 2022. Ayala Land has committed to ...

Robinsons Bank sets P730-M capex plan
BusinessWorld Online - 2018-01-31
Earlier, Philippine National Bank, East West Banking Corp. and UnionBank of the Philippines announced they will be offering LTNCDs in 2018.

ICTSI unit begins operations in Papua New Guinea
BusinessWorld Online - 2018-01-31
A UNIT of global port operator International Container Terminal services, Inc. (ICTSI) has started operations in Papua New Guinea (PNG) after obtaining the go-signal from the government. In a statement on Wednesday, the company said ICTSI South Pacific ...

Serendipity in dragon boating
BusinessWorld Online - 2018-01-31
With the strong urging of my strategic management professor, Dina Bernardo, I decided to try dragon boating one Sunday morning and brought my wife along with me. Quite frankly, I was just expecting a good workout, something I have not consistently had ever ...

Davao City tourism bounces back after martial law is declared in Mindanao
Business Mirror - 2018-01-31
It said that among these investments were the Dusit Thani Residence Davao by the Torre Lorenzo Development Corp., which topped off in November last year and the P20-billion Azuela Cove by the Aviana Development Corp, a joint venture of Ayala Land Inc. and ...

Top PH business players hold fundraising golf tournament
Business Mirror - 2018-01-31
Inc.; Eaglematrix Security Agency, Inc.; HINO Motors Philippines Corporation; International Container Terminal Services Inc.; Manila Electric Company; Magsaysay Shipping Logistics; Markenburg; National Grid Corporation of the Philippines; Oriental and ...

TIMELINE: The case of Rappler's SEC registration
Rappler - 2018-01-31
MANILA, Philippines - In a blow to press freedom, the Securities and Exchange Commission (SEC) on January 11 revoked Rappler's license for allegedly violating the Constitution and the Anti-Dummy Law. The decision, which the SEC published on its website ...

Government addresses major problems in Boracay
Business Mirror - 2018-01-31
Among the alleged violators included the Shangri-La Boracay Resort and Spa, Mövenpick Resort and Spa, Crown Regency Resort, Asya Premier Suites, Nami Private Villas, Alta Vista de Boracay ... people due to unbridled land development, coral bleaching ...

SE Asia Stocks-Philippines extends losses; Thailand posts best mth in 1-1/2 yrs
Reuters - 2018-01-31
Philippines sheds 1.6 pct, retreating further from record ... Singapore shares closed 0.4 percent lower, with heavyweight Keppel Corp shedding 1.1 percent. The index, however, gained 3.9 percent this month after a 0.9 percent decline in December.

Megaworld to develop smart townships
Rappler - 2018-01-31
MANILA, Philippines - Andrew Tan-led property developer Megaworld Corporation announced plans to future-proof its mixed-use townships by turning them into smart cities. Dubbed iTownships, the plan revolves around incorporating digital technology ...

Ayala Land devotes 450 hectares for "carbon forests"
Inquirer - 2018-01-31
Property giant Ayala Land Inc. has committed to nurture around 450 hectares of land within or near its major commercial estates outside Metro Manila as carbon forests, or those that absorb more carbon dioxide (CO2) than they use, in line with its ...

Ayala turns over new drug rehab center to Marawi LGU
Rappler - 2018-01-31
MARAWI, Philippines - Ayala Foundation, the social development arm of the Ayala group, has turned over to the Marawi City government the first community-based drug rehabilitation center in the Autonomous Region in Muslim Mindanao (ARMM). The 70-bed ...

Roxas City-based tech hub ties up with Globe for internship portal
Newsbytes Philippines - 2018-01-31
Spring Valley, an integrated technology and innovation hub based in Roxas City ... Spring Valley CEO Jonathan De Luzuriaga, as president of the Philippine Software Industry Association (PSIA) and trustee for the IT and Business Process Association of ...

Philippines stocks lower at close of trade; PSEi Composite down 1.64% - 2018-01-31
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 141 to 62 and 52 ended unchanged. Shares in International Container Terminal Services Inc (PS:ICT) rose to 52-week highs; up 3.18% or 3.500 to 113.500. Gold Futures for February ...

Meralco expects higher rates next month
Philstar - 2018-01-31
MANILA, Philippines -- Manila Electric Co. (Meralco) expects electricity rates to go up next month as capacity fees from power generators start to normalize along with factors pushing up the generation charge. "We may recall that the January generation ...

Oriente Express joins other digital finance companies to form
Business Mirror - 2018-01-31
Oriente Express is a partnership between Greater China-based Oriente (which is behind internet giants Skype and and JG Summit Holdings Inc. It aims to develop a digital finance marketplace to address financial exclusion of underbanked consumers and ...

The Latest: Trump speech leads to 4.5 million tweets
Everything Lubbock - 2018-01-31
Sanders notes Trump didn't mention Social Security or Medicare, despite promises as a candidate ... 9 p.m. President Donald Trump's motorcade passed a group of protesters near the U.S. Capitol as the president traveled to the annual State of the Union ...

The Latest: Sanders blasts Trump for dodging social programs
Daily Times - 2018-01-31
Trump is praising the parents of American college student Otto Warmbier ... the U.S. military detention policy and to keep the detention facilities at Guantanamo Bay, Cuba, open. Trump says that, "In the past, we have foolishly released hundreds and ...

Housing developer unloading P2.8B in receivables
- 2018-01-31
Housing developer 8990 Holdings has signed a deal to unload P2.8 billion worth of housing receivables, freeing up liquidity to build more houses for the mass market.

UnionBank launches P3-B LTNCD offering - 2018-01-31
MANILA - Listed Union Bank of the Philippines on Tuesday launched a P3-billion offering of high-yielding deposit notes to support business expansion plans and improve deposit maturity profile. The offering represents the initial tranche of up to P20 ...

UnionBank launches P3-B LTNCD offering
InterAksyon - 2018-01-31
MANILA - Listed Union Bank of the Philippines on Tuesday launched a P3-billion offering of high-yielding deposit notes to support business expansion plans and improve deposit maturity profile. The offering represents the initial tranche of up to P20 ...

Top finance litigation and contractual developments in 2017
Lexology - 2018-01-31
The selection is necessarily subjective and draws from a wide range of cases and developments that are of direct relevance to finance parties ... Deutsche Bank AG v Comune di Savona [2017] EWHC 1013 (Comm) In light of threatened legal action in Italy ...

School profit up 60% at P543M
Malaya Business Insight - 2018-01-31
The Department of Transportation (DOTr) yesterday took over the maintenance of Metro Rail Transit Line 3 (MRT 3) following the termination of the P3.8-billion contract of... West zone concessionaire Maynilad Water Services, Inc. is spending P6.75 ...

PSEi tumbles on global bond woes
Inquirer - 2018-01-30
Investors dumped shares of URC, which lost 4.05 percent, while SM Prime and Ayala Corp. both tumbled by over 3 percent. SM Investments, Globe, Security Bank and Metro Pacific all slipped by over 2 percent. On the other hand, ALI, PLDT, Megaworld and AGI ...

GMA Network produces first concert with 3 Stars, 1 Heart
Philstar - 2018-01-30
MANILA, Philippines -- GMA Network has started off 2018 on a high note by producing ... 1 Heart was for the benefit of the Children of Cebu Foundation, Inc. Entertainment ( Article MRec ), pagematch: 1, sectionmatch: 1

Filinvest City hosts 2018 7-Eleven fun run
Philstar - 2018-01-30
MANILA, Philippines -- Filinvest City will host the 7-Eleven Run 2018 on Feb. 4, opening its tree-lined roads with verdant garden views to participants in the Manila side of the fourth edition of the event. "We are happy that 7-Eleven has chosen ...

Stocks pull back as investors realign portfolio
Philstar - 2018-01-30
The benchmark Philippine Stock Exchange index (PSEi) plunged 148.14 points ... research and finance analyst at HDI Securities Inc., said. Astro del Castillo, managing director at First Grade Finance Inc., had the same view. "The local market was ...