Ayala tightens hold on Tutuban Center owner
BusinessWorld Online - 2018-01-29
In a disclosure on Monday, Prime Orion Philippines, Inc. said its key shareholder Ayala Land purchased 202.77 million shares of the company worth P496.80 million from Genez Investments Corp. through a block sale at the Philippine Stock Exchange.

TV5 to slash losses by 50% this year
BusinessWorld Online - 2018-01-29
The network also airs a Philippine edition of the SportsCenter program of ESPN. This is the strategy adopted by TV5 to target a specific audience instead of competing in the entertainment segments dominated by ABS-CBN, Inc. and GMA Network, Inc. Mr. Reyes ...

Raising the Next Generation of Entrepreneurs
BusinessWorld Online - 2018-01-29
Entrepreneurship also promotes a culture of creativity, invention, and business dynamism among the populace. This is due to the fact that small businesses must continue to evolve and innovate in order to compete in the marketplace. They must think outside ...

SBS injects more capital into subsidiary LHC
BusinessWorld Online - 2018-01-29
A chemical trader and distributor, SBS diversified into the property and investments business last year to offset some of the fluctuations in the chemical trading business and, at the same time, provide a new income source for the company.

PSE confident of securing SEC nod for PDS takeover
BusinessWorld Online - 2018-01-29
The company has already obtained a loan facility of up to P1.15 billion each from BDO Unibank, Inc., Metropolitan Bank & Trust Co., and Bank of Commerce for the acquisition. The entitlement ratio for the offer has yet to be disclosed. "The company has in ...

SE Asia Stocks-Philippines, Indonesia hit record closes; Malaysia at 3-yr peak
Reuters - 2018-01-29
Telecommunication service provider PLDT Inc ended 6.5 percent higher and index heavy weight SM Prime Holdings Inc gained 1.3 percent. The Jakarta index erased earlier losses as energy stocks were boosted by Bangladesh's agreement with Indonesia on Sunday ...

Ayala Land increases POPI holdings to 55%
The Standard - 2018-01-29
Major property developer Ayala Land Inc. increased its stake in Prime Orion Philippines Inc., or POPI, to 55 percent by acquiring another 4.14 percent worth P496.8 million. POPI said in a disclosure to the stock exchange Ayala Land bought 202.774 million ...

BDO board okays cash dividends of P339.40m
The Standard - 2018-01-29
BDO Unibank Inc., the largest lender in terms of assets and controlled by tycoon Henry Sy, will declare cash dividends on its preferred shares "A" amounting to P339.399 million. BDO said in a disclosure to the stock exchange Monday its board approved ...

Stocks climb; telecom issues rise
The Standard - 2018-01-29
Telecommunications companies led gainers. PLDT Inc., the biggest telecom company, surged 6.5 percent to P1,601, while rival Globe Telecom Inc. advanced 8.8 percent to P1,899. Now Corp., controlled by the Velarde family, jumped 10.7 percent to P6.40.

Philippines vows cryptocurrency rules despite stopping maiden coin offering
Nikkei Asian Review - 2018-01-29
Black Cell Technology Inc. is a subsidiary of Black Sands Capital Inc ... whose agricultural company Calata Corp. was delisted from the Philippine Stock Exchange last year due to multiple disclosure violations. Calata last year said minority stockholders ...

Bidding for Pagcor land fails; negotiated sale eyed
Inquirer - 2018-01-29
This translates to a minimum of about P233,000 per square meter, still lower than the P500,000-per square-meter valuation in BGC central business district. Bloomberry is seen as the most, if not the only, interested party because owning the lot now ...

Megaworld eyes "iTownships" to future-proof business
Inquirer - 2018-01-29
Tycoon Andrew Tan-led Megaworld Corp. seeks to "future-proof" its property developments across the country by incorporating digital technology, design innovations and connectivity into its townships. "We have assigned teams to study how we can ...

Ayala Land hikes stake in Tutuban developer
Inquirer - 2018-01-29
Property giant Ayala Land Inc. has cemented its controlling interest in Prime Orion Philippines Inc. (POPI), owner and developer of the popular bazaar hub in Divisoria, Tutuban Center, with the purchase of additional shares that boosted its stake to 55.2 ...

Real fruit takes water to the next level
Philstar - 2018-01-29
Go ahead and try these new comers in the beverage scene. Each 250-ml bottle is just P9 and is available at 7-Eleven, Ministop, Mercury Drug, Puregold and sari-sari stores nationwide. READ MORE: Wilkins Delight insists: 'I am not juice!'

Stephen Petronio Company Announces Nora Chipaumire, Will Rawls, and Kathy Westwater as Inaugural Artists of the Petronio Residency Center
art.broadwayworld.com - 2018-01-29
The 2017 Bloodlines season received two New York Dance and Performance "Bessie" Award nominations. For more information about the company, visit www.petron.io. Funding Credits The Petronio Residency Center has received direct support from the New York ...

UnionBank sees 2017 net income drop by 16.4% to P8.42 billion
Rappler - 2018-01-29
MANILA, Philippines-- Aboitiz-led UnionBank of the Philippines (UnionBank) saw its net income drop 16.4% on lower trading gains on the year. In a disclosure to the stock exchange on Friday, January 26, UnionBank said it saw a net income of P8.42 billion ...

Economic Times - 2018-01-29
As India with an installed wind power capacity of 32.7 GW migrates to an auction-based bid out for better price discovery, for many developers it is a case of déjà vu. Modi and Macron are particularly anxious as China extended its military presence by ...

Economic Times - 2018-01-29
The price band for the issue is fixed at Rs 240-245 and the bid lot is 61 equity shares.

Edsa retold in memory and song
Inquirer Opinion - 2018-01-28
At this time, Mapa is a wife and mother in Canada, unmoored from her family and the land of her birth ... For Mapa, her own "mini-Edsa" takes place in Ayala Alabang, when her siblings and neighbors rush to the Ramos residence to "protect" then ...

Aboitiz expects improvement in power demand, sales
Philstar - 2018-01-28
MANILA, Philippines -- Aboitiz Power Corp. is expecting an improvement in electricity demand and sales under its power distribution business this year, hinged on the continued economic growth in its franchise areas, its top official said. AboitizPower ...

Solar Philippines offers Meralco low rates for solar power
Philstar - 2018-01-28
MANILA, Philippines -- Solar Philippines has challenged the offer of industry giant First NatGas Power Corp. to provide round the clock power supply to Manila Electric Co. (Meralco). The company has submitted an offer for 24/7 power supply at P2.99 per ...

Security Bank, MUFG to help promote Philippines
Philstar - 2018-01-28
MANILA, Philippines -- The Board of Investments (BOI) has entered into a partnership with Security Bank Corp. and Bank of Tokyo-Mitsubishi UFJ Ltd. (MUFG) to promote investments in the Philippines. SBC and MUFG have agreed to jointly assist in fostering ...

Jins vie for Philippine slots in CPJ tiff
Philstar - 2018-01-28
MANILA, Philippines -- Slots on the 2018 Philippine team will be up for grabs when the Philippine Taekwondo Association stages its first event this year - the SMART/MVP Sports Foundation/PLDT Home Ultera National CPJ (Carlos Palanca Jr.) Championships ...

Cirtek open to allow SSS to buy more shares
Philstar - 2018-01-28
MANILA, Philippines -- Cirtek Holdings Philippines Corp. is open to allowing the Social Security System (SSS) to acquire more of its shares. In an interview last week, Cirtek vice chairman and president Roberto Juanchito Dispo said that several ...

Italpinas lines up projects for this year
Philstar - 2018-01-28
MANILA, Philippines -- Listed certified green developer Italpinas Development Corp. has lined up several projects for this year including the completion and turnover of phase 1 of Primavera City, a mixed-used project in Cagayan de Oro. "These will ...

About the plan to stop counterflowing bikers
Philstar - 2018-01-28
and Ms. Reyani Roman area head for the Visayas Sales for Philippine Airlines to talk about the phenomenal growth of Cebu's tourism industry, its success stories and its challenges. Call it timely that we have this interview with the leaders of Cebu's ...

TCC invitational up
Business Mirror - 2018-01-28
The same ending is expected in the P5 million tournament, put up by International Container Terminal Services Inc. (ICTSI) boss Ricky Razon in 2003 to honor the memory of his father and ICTSI founder Don Pocholo with the select cast, composed of the top 30 ...

Megaworld projects to include smart tech
Business Mirror - 2018-01-28
PROPERTY developer Megaworld Corp. said it is incorporating digital technology, design innovations and connectivity into its townships. "We have assigned teams to study how we can seamlessly integrate smart technology and innovations into our townships ...

Cirtek to spend up to $8M for capacity expansion
BusinessWorld Online - 2018-01-28
CIRTEK HOLDINGS Philippines Corp. will be spending up to $8 million in capital expenditures (capex) in 2018 to further support its expansion and meet the supply requirements of its recent acquisitions. "We got about $6-8 million in capex, group-wide ...

Megaworld to develop iTownships
BusinessWorld Online - 2018-01-28
MEGAWORLD Corp. is currently developing a concept called iTownships, which seeks to digitize services in its existing estates and incorporate smart home technologies in individual units. In a statement issued over the weekend, the listed property developer ...

New Mactan airport terminal to open in June
BusinessWorld Online - 2018-01-28
Godess Libiran, director of public information at DoTr, told reporters in a message that the agency and its private partner, the consortium of Megawide Construction Corp. and GMR Infrastructure Ltd., plan to open Terminal 2 in June. The new terminal ...

Solar Philippines says Meralco can save 30% with its P2.99/kWh rate offer
BusinessWorld Online - 2018-01-28
Solar Philippines Power Project Holdings, Inc. said its solar battery micro-grid in Paluan, Occidental Mindoro provides the town with reliable and low-cost power. -- SOLAR PHILIPPINES SOLAR PHILIPPINES Power Project Holdings, Inc. said it had offered 24/7 ...

DENR sees less environmental harm from domestic ore processing
BusinessWorld Online - 2018-01-28
Environment and Natural Resources Secretary Roy A ... PEZA expressed plans to revive the Paper Industries Corp. of the Philippines (PICOP), which has tree plantations in Mindanao, through the proposed agro-forestry economic zone but it has yet to receive ...

Market may take breather after climb to 9,000
BusinessWorld Online - 2018-01-28
Week on week, the Philippine Stock Exchange index (PSEi) gained 125.28 points or 1.4% ... is breached we may see it come all the way down to 8,830," Eagle Equities, Inc. Research Head Christopher John Mangun said in a market note. Foreigners remained ...

Iloilo stages grandest Dinagyang Festival
Philippine Daily Inquirer - 2018-01-28
The first Dinagyang Float and Lights Parade was held on Jan. 27, from Infante Avenue to Iloilo Business Park, the 72-hectare mixed-use complex of Megaworld Corp. in Mandurriao District. About 50 floats joined the parade, which traversed Sen. Benigno Aquino ...

Security issue jams China Telecom entry
Philstar - 2018-01-28
MANILA, Philippines -- The entry of China Telecom as a possible third telecommunication player in the country is being jammed by security issues that hound its Philippine operations. This was the conclusion of an industry outlook report by local ...

Public school in Bantayan to pioneer solar power course
Philstar - 2018-01-27
He added that Vivant Foundation wanted to focus on improving the quality of STEM (science, technology, engineering, and mathematics)-related education and TVL in public schools. After it partnered with agencies to develop the curriculum, the foundation ...

New system cuts Globe acct delinquencies by 40%
Philstar - 2018-01-27
MANILA, Philippines -- Globe Telecom Inc. has cut account delinquencies by 40 percent year-on-year following the deployment of a customer service and collection solution. By automating a portion of its collections efforts, Globe said it has also managed ...

Rody wants federalism ahead of BBL passage
Philstar - 2018-01-27
President Duterte strikes his signature pose with the members of his delegation while on board a Philippine Airlines chartered flight back to the Philippines. Joining him are Trade Sec. Ramon Lopez, Quezon City Rep. Feliciano Belmonte Jr., Defense Sec.

DOE endorses 29 projects for commercial operations
Philstar - 2018-01-27
The biggest of the lot is the 1,000-MW coal-fired power plant of Orion Pacific Prime Energy Inc. located in Barangas Awasan, Tagkawayan, Quezon. Under the renewable energy projects, seven are solar projects, five are hydropower projects and three are ...

Manila Jockey Club hosts Japan Cup today
Philstar - 2018-01-27
MANILA, Philippines -- The Manila Jockey Club Inc., in cooperation with the Philippine Racing Commission, is hosting the Japan Cup Races today at the San Lazaro Leisure and Business Park in Carmona, Cavite. Formerly known as the JRA (Japan Racing ...

Saint Angela Merici, model of charity and wisdom
Business Mirror - 2018-01-27
If the children in her neighborhood could not go to school, she would bring the school to their homes. With some devout laity friends ... Saint Ursula is a fourth-century martyr and protector of women. The Ursulines is the first group of consecrated ...

Hodge cuts recovery short, provides needed energy for Meralco
Philstar - 2018-01-27
MANILA, Philippines -- Cliff Hodge is supposed to rest for two to three more weeks. But he was sorely needed by the head coach Norman Black and the Meralco Bolts. On Wednesday night, he gave his squad what they were missing the most -- the ball of ...

DENR sues mine firm for clearing pine trees
Philippine Daily Inquirer - 2018-01-27
BAGUIO CITY--Lepanto Consolidated Mining Co. has been sued for the 2017 destruction of pine trees at a road project in Mankayan town in Benguet province, but the provincial prosecutor has yet to act on the complaint, a Department of Environment and ...

These are the 21 Most Brilliant Franchise Faces
Entrepreneur - 2018-01-27
Metro markets ... operational efficiencies, all the company owned and the partner centres are imbibing the spirit of brand ownership. Talking about the growth via franchise model, Prakash Menon, President, Global Retail Business, NIIT, says, "We strongly ...

The strength of Central Luzon
Inquirer - 2018-01-27
With its premier location, Green Meadows can provide its residents easy access to key business, leisure, and entertainment establishments ... the famed "Summer Capital of the Philippines." Despite its proximity to such areas, Green Meadows, however ...

Union Bank 2017 profit hits P8.4B
Inquirer - 2018-01-27
"We are pleased to continue making major headway on both our business and digital transformation strategies. Financial results were driven by recurring income across all customer business segments," Union Bank president and CEO Edwin Bautista said in a ...

PSEi breaks 9,000 for the first time
Inquirer - 2018-01-27
Outside of the PSEi, notable gainers included construction group Megawide, which added 4.85 percent. Now Corp., an aspiring third telecom player, rose by 3.21 percent. On the other hand, Metrobank declined by 2.31 percent while LTG and DMCI both fell by ...

DENR sues mine firm for clearing pine trees
Philippine Daily Inquirer - 2018-01-27
BAGUIO CITY--Lepanto Consolidated Mining Co. has been sued for the 2017 destruction of pine trees at a road project in Mankayan town in Benguet province, but the provincial prosecutor has yet to act on the complaint, a Department of Environment and ...

Udenna bags Best M&A Deal award for 2GO stake purchase
Philstar - 2018-01-26
Incorporated in 2002, Udenna is engaged in various businesses including petroleum and oil through Phoenix Petroleum, shipping and logistics through Chelsea Logistics and 2Go, real estate through Udevco, education through Enderun, and convenience stores ...