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%
Investing.com - 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 FinTechAlliance.ph
Business Mirror - 2018-01-31
Oriente Express is a partnership between Greater China-based Oriente (which is behind internet giants Skype and LU.com) 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
interaksyon.com - 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 ...

8990 disposes P2.8-B receivables
Philstar - 2018-01-30
MANILA, Philippines -- 8990 Holdings Inc. sold P2.8 billion worth of receivables in the form of contracts to sell (CTS). In a disclosure to the Philippine Stock Exchange (PSE) yesterday, 8990 said it entered into a sale and purchase agreement with ...

RCBC eyes stock rights offer
Philstar - 2018-01-30
... rights offering early this year that included Metropolitan Bank & Trust Co. with P70 billion and Ayala-led Bank of the Philippine Islands (BPI) with P50 billion. "While the current capital ratios of RCBC are above the BSP requirements, the bank ...

San Miguel selling P30 B retail bonds
Philstar - 2018-01-30
Credit watchdog Philippine Rating Services Corp. has assigned an issue rating of PRS Aaa to ... driven by strong sales of Petron, the infrastructure business, as well as the combined revenues of the core beverage, food and packaging businesses ...

Arrivals up 11% in 2017 as China delivers on vow
Business Mirror - 2018-01-30
In a news statement, the DOT said it sees an even larger increase in Chinese visitors, as flag carrier Philippine Airlines (PAL) brings in tourists from Xiamen, a city in the Fujian province, to Puerto Princesa starting February 10. The PAL flights were ...

8990 unloads P3 billion worth of receivables
BusinessWorld Online - 2018-01-30
MASS HOUSING developer 8990 Holdings, Inc. unloaded close to P3 billion worth of receivables to generate cash for its projects. In a disclosure to the stock exchange on Tuesday, 8990 Holdings said its subsidiaries entered into an agreement with Dearborn ...

Stocks decline to track sell-off in other markets
BusinessWorld Online - 2018-01-30
The 30-company Philippine Stock Exchange index (PSEi) dropped 1.63% or 148.14 points ... this was the global market which was down today," Diversified Securities, Inc. equity trader Aniceto K. Pangan said in a phone interview on Tuesday.

Rappler's SEC case: Taming the Filipino media?
Al Jazeera - 2018-01-30
The president has repeatedly accused Rappler of being run ... lawyer and assistant professor at the University of the Philippines. The government's case against Rappler is a financial one. Like many companies in the Philippines, Rappler uses PDRs ...

Meralco: Expect rates in February to go up
Business Mirror - 2018-01-30
THE Manila Electric Co. (Meralco) on Tuesday said power rates in February could go up after seeing two consecutive months of decrease in overall electricity rates. "We may recall that the January generation-charge reduction was largely due to lower ...

FoodPhilippines wows visitors at winter fancy food show
Business Mirror - 2018-01-30
Profood International Corp., Sagrex Food Inc., San Miguel Pure Foods Inc., Seabest Food Beverage Corp., Subic Superfood Inc. and Super Q. Philippine Consul General Henry S. Bensurto Jr. welcomed the delegation in their respective booths in the pavilion ...

8990 Holdings sells P2.8 billion worth of contract to sell
Business Mirror - 2018-01-30
MASS-housing builder 8990 Holdings Inc. said it sold some P2.83 billion in contract to sell (CTS) of its various units all over the country to Dearborn Resources and Holdings Inc. In its disclosure to the Philippine Stock Exchange, 8990 Holdings said on ...

EXPLAINER: Not all projects are eligible for a Swiss challenge
Rappler - 2018-01-30
of San Miguel Corporation (SMC), and the Ninoy Aquino International Airport (NAIA) Terminal 3 by the Philippine International Air Terminals Company Incorporated (Piatco). For instance, Metro Pacific submitted a formal proposal to the government to build ...

Defining a new way of living in Greenhills
Business Mirror - 2018-01-30
Other partners include the Design Coordinates Inc. (project-management group), Megawide Construction Corp. (general contractor), RS Caparros Associates (engineering) and Larry Lau and Wilson Keng (Feng Shui Masters)."We want to target buyers who will ...

Mindanao real-estate primer: Davao region, Marawi
Business Mirror - 2018-01-30
What is the profile of businesses you see coming to Mindanao? RL: From our experience (offices and information-technology parks, industrial parks), we see a wide range of industries setting up shop. Mindanao, and most especially Davao, has seen its economy ...

Metro Pacific unit to borrow P36 billion for 2 new toll roads
Rappler - 2018-01-30
MANILA, Philippines - Metro Pacific Tollways Corporation, the tollways unit of Metro Pacific Investments Corporation (MPIC), plans to borrow P36 billion to partly finance the construction of two new toll roads in the Philippines: the Cavite-Laguna ...

PH stocks notch another record high
Inquirer - 2018-01-30
On the other hand, ALI, AGI and Jollibee all slipped by over 2 percent while Metrobank and SM Investments lost over 1 percent. BDO, URC, ICTSI and DMCI also faltered. Don't miss out on the latest news and information.

Petron looking for vengeance in PSL
Philstar - 2018-01-30
MANILA, Philippines - Expect Petron to march with fire in their eyes when the Philippine Superliga Grand Prix opens on February 17. Head coach Shaq Delos Santos said they would be eyeing no less than a payback after absorbing a bitter loss to F2 ...

SE Asia Stocks-Fall on soft Wall Street; Philippines down over 2 pct
Reuters - 2018-01-30
Philippines posts biggest intraday drop in over 1 year ... Singapore slipped as much as 0.6 percent to a one-week low, weighed down by financial and real estate stocks. United Overseas Bank Ltd and DBS Group Holdings Ltd declined as much as 1.2 percent ...

Palace to Rappler on seeking CA relief: 'Good luck'
Philstar - 2018-01-30
MANILA, Philippines -- Malacañang yesterday wished online news ... In a 70-page petition for review, Rappler Inc. and Rappler Holdings Corp. (RHC) asked the appellate court to void the decision issued by the SEC last Jan. 11. The petitioners, through ...

BSP readies new risk buffer
interaksyon.com - 2018-01-30
The Philippines posted a credit-to-GDP ratio of 63.6% as of end-June 2017 which is among the lowest in Asia. A central bank may choose to raise capital requirements to temper credit growth. Sought for comment Monday, Union Bank of the Philippines President ...

Security Bank, MUFG ink deal with BOI to promote investments
Inquirer - 2018-01-30
Banking partners Security Bank Corp. and The Bank of Tokyo-Mitsubishi UFJ Ltd. (MUFG) have entered into a pact with the Philippine Board of Investments (BOI) to implement initiatives to promote investments, such as through business matching activities for ...

Palace suspends Deputy Ombudsman Carandang
Philippine Daily Inquirer - 2018-01-30
Documents that Trillanes furnished the media in 2016 showed that from 2006 to 2015, Mr. Duterte held seven joint accounts with his daughter, Sara, at the Bank of the Philippine Islands (BPI) branch on Julia Vargas Avenue in Pasig City, nine joint accounts ...

Diesel, gasoline prices up anew
Philippine Daily Inquirer - 2018-01-29
As of this writing, those that announced price changes included Pilipinas Shell Petroleum Corp., Petron Corp., PTT Philippines Corp., Seaoil Philippines Inc., Eastern Petroleum Corp., Flying V, Phoenix Petroleum Philippines Inc. and Total Philippines Corp ...

PH stocks notch another record high
Inquirer - 2018-01-29
Shares of Megaworld and Security Bank also firmed up. Outside of the PSEi, notable gainers included Now Corp., which surged by 10.73 percent. Now is among those aspiring to be the third telco player in the country. On the other hand, ALI, AGI and Jollibee ...

Football great Zico impressed by Pinoy's passion for the Beautiful game
Rappler - 2018-01-29
His visit was also made possible with the generosity of Otsuka - Solar Philippines, the makers of Pocari isotonic drink, Inter Sports Partners, AgriNurture, and Primex. "I came here to contribute to football in the Philippines. I hope my visit will help ...

DMCI Homes, UP Engineering collaborate for innovations
Philstar - 2018-01-29
DMCI Homes recently signed an agreement with the UP Engineering and Research Development Foundation Inc. (UPERDFI) to support the College of Engineering (UPCoE) with research grants and awards through the Faculty Retention and Development Program.

Rappler takes SEC case to the Court of Appeals
Rappler - 2018-01-29
The petition also bares similar agreements between network giants ABS-CBN and GMA News with its foreign investors, which the SEC has not faulted, and which it did not investigate. PDR and control The SEC revoked the certificates of incorporation of both ...