Cirtek Holdings expects MultiPay to contribute P500M in revenues
BusinessWorld Online - 2018-01-24
CIRTEK HOLDINGS Philippines Corp. expects MultiPay to contribute P500 million to revenues in 2018, after its acquisition of a 49% stake in the payment solutions provider last year that marked its first major investment in software development. "I think ...

Rethinking the Urban Development and Housing Act of 1992
BusinessWorld Online - 2018-01-24
The Kadamay situation of last year is symptomatic of how unequal urban development has been in the Philippines, as well as how the policies ... among others -- to private real estate developers involved in socialized housing projects.

Bourse pulls back from record high on profit taking
BusinessWorld Online - 2018-01-24
Wednesday saw the list of the 20 most active stocks equally divided between those that gained and those that declined, with the former led by the likes of Ayala Land, Inc.; Bloomberry Resorts Corp. and Metropolitan Bank & Trust Co. that increased by 1.43% ...

Thievery in the sky, airports bare new challenges for authorities, businesses
Business Mirror - 2018-01-24
Miascor, with about 16 airline companies as clients, is second only to Philippine Airport Ground Support Solutions Inc. in ranking of ground-handling volume, with almost an equal number of air carriers. The other ground-handling companies are under the ...

Power firm urges Palace to resolve E.R.C. impasse
Business Mirror - 2018-01-24
The Aboitiz Power Corp. (AboitizPower) has appealed on Wednesday to the Duterte administration to immediately resolve the impasse plaguing the Energy Regulatory Commission (ERC), saying "a fair and functioning ERC is critical for the energy sector to ...

Cirtek sees P500-million revenue contribution from Multipay
Business Mirror - 2018-01-24
LAGUNA-based Cirtek Holdings Philippines Corp. said it expects some P500 million in revenues from its newly acquired Multipay Corp., a firm that provides e-commerce system to many other firms. Cirtek Treasurer and CFO Anthony S. Buyawe said the revenue ...

AC Energy, BIM Group to build solar-power plants in Vietnam
Business Mirror - 2018-01-24
Last year Francia said the company was eyeing Vietnam because "the population ... The Ayala Group is already present in Vietnam through Manila Water Co. Inc. under local units Thu Duc Water and Kenh Dong Water, as well as through infrastructure firm ...

Amazon Web Services opens its third availability zone in Asia
CIO IN - 2018-01-24
Some examples include Air Asia, Astro Holdings Malaysia Berhad, Ayala Land, Banyan Tree, Bureau of Customs of the Philippines, Carro Singapore, DBS Bank, DoHome, Grab, Genome Institute of Singapore, Globe Telecom, Government Technology of Singapore ...

Insular Life names new top-level execs
Business Mirror - 2018-01-24
Prior to UnionBank, he was the Managing Partner-Global Finance and Country Executive-Investment Banking of Citibank N.A. Genio is currently the chief technology and information officer and chief strategy officer of Globe Telecom Inc. He has been leading ...

Stock price index a point away from 9,000
Inquirer - 2018-01-24
On the downside, the next support level is seen at 8,700. Jonathan Ravelas, Banco De Oro Unibank Inc. chief strategist, said the share price drop would only "open a window for investors who missed the rally." But any market weakness, Ravelas said ...

Philippine casino operator to award loyal patrons with stock
Nikkei Asian Review - 2018-01-24
MANILA -- Bloomberry Resorts will reward its loyal patrons with shares in the Philippine casino company. The resort operator on Tuesday said it had been authorized by management to buy up to 2 million shares at prevailing market prices. "These shares shall ...

Swedish, PHL companies call for responsible businesses
Business Mirror - 2018-01-24
Asian Institute of Management, municipality of San Felipe in Zambales and Cemex Philippines Foundation. The summit presented participants with an opportunity to understand why companies choose to operate responsibly, how they spearhead a movement in their ...

SE Asia Stocks-Philippines falls; S'pore hits highest close in 10 yrs
Reuters - 2018-01-24
The Philippine finance ministry plans to submit a tax package, which aims to adjust taxes on alcohol, tobacco, mining and coal, and that may be weighing on the market, said Benjamin Ngan, a research analyst with RCBC Securities in Manila. President Rodrigo ...

SM Store, PayMaya to transform retail industry with cashless payments
Philstar - 2018-01-24
Account holders can also load up their PayMaya accounts at 7-Eleven, ExpressPay, TouchPay kiosks, Palawan Pawnshops, Shopwise, Wellcome, 2Go outlets, Petron stations along NLEX, and Smart Padala centers, as well as through Unionbank ATMs and RCBC retail ...

AWS Deepens Investment in Asia with Third Availability Zone in AWS Asia Pacific (Singapore) Region
Voice & Data - 2018-01-24
Availability Zones refer to technology infrastructure in separate and distinct geographic locations ... businesses to international corporations and public sector organizations are using the AWS Singapore Region to build and run their business in the ...

From debit cards to decoy apps, fraudsters getting more advanced, BDO warns
CNN Philippines - 2018-01-24
This, as BDO Unibank, Inc. -- the country's largest bank in terms of deposits -- detected that as much as 11,000 of its accounts were targeted by fraudsters in December. The bank did not disclose the total value of the unauthorized transactions ...

Airlines eye return of fuel surcharge
Inquirer - 2018-01-24
Airline ticket prices could go up this year as domestic carriers consider asking the government to again allow a fuel surcharge mechanism. This was ordered scrapped in 2015 as global oil prices saw a sharp decline--a trend that has been gradually ...

PNB to issue up to P20B in high-yield debt notes
Inquirer - 2018-01-24
Tycoon Lucio Tan-led Philippine National Bank is raising as much as P20 billion from the issuance of high-yield deposit notes, harnessing ample liquidity in the local financial system for its debt management and expansion program. PNB has obtained approval ...

Exclusive: Looted cash, gold help Islamic State recruit in Philippines
Reuters - 2018-01-24
They also raided jewelry stores, pawnshops and businesses. Landbank and Al Amanah did not respond to requests for comment. Philippine National said recovering losses because of the Marawi fighting was a concern, but did not give details. The Islamic ...

A month after fatal NCCC mall fire| Still no investigation results, no accountability
Bulatlat - 2018-01-24
Survey Sampling International (SSI), Bureau of Fire and Protection, Local Government, Philippine Economic Zone Authority, and Department ... and Health Standards for the "workplace infernos" in NCCC Davao, Ayala Mall-Cebu and House Technology ...

Globe Telecom named GoCanvas APAC Partner of the Year 2017
Inquirer - 2018-01-24
Mobile workflow automation platform GoCanvas has awarded leading telecommunications company Globe Telecom its APAC Partner of the Year award for 2017. Globe is a major user of the GoCanvas platform, with multiple use cases covering everything from internal ...

Parkway Corporate Center: The address of success
Inquirer - 2018-01-24
Some simply stand out. One such project is Parkway Corporate Center, the first office condominium under the WorkSpaces by Filinvest banner. The 32-storey Parkway Corporate Center is located at the enviable corner of Corporate and Parkway Avenues at ...

Church appeals for aid to Mayon evacuees
Philippine Daily Inquirer - 2018-01-24
Dollar donations can be deposited at BPI through Savings Account No. 3064-0033-5 and account name Caritas Manila, with swift code: BOPIPHMM; and Philippine National Bank through Savings Account No. 108566600025 and swift code: PNBMPHMM. Donations can also ...

Stop coal-fired plant in Subic, groups ask CA
Philippine Daily Inquirer - 2018-01-24
to stop the project of Redondo Peninsula Energy Inc. (RP Energy). RP Energy is a consortium composed of the Manila Electric Co., the Aboitiz Group of Companies and Taiwan Cogen Inc. to Coal Stakeholders Coalition, walked from the University of the ...

Stock price index a point away from 9,000
Inquirer - 2018-01-23
The main-share Philippine Stock Exchange index (PSEi) added 48.4 points ... growth number," said Eagle Equities Inc. president Joseph Roxas. Philippine GDP grew by 6.6 percent year-on-year in the fourth quarter, slightly lower than the market consensus ...

PNB to issue up to P20B in high-yield debt notes
Inquirer - 2018-01-23
Tycoon Lucio Tan-led Philippine National Bank is raising as much as P20 billion from the issuance of high-yield deposit notes, harnessing ample liquidity in the local financial system for its debt management and expansion program. PNB has obtained approval ...

ISIS Recruits Hundreds Of New Fighters For Fresh Attacks In The Philippines With Stolen Gold
The Daily Caller - 2018-01-23
ALSO WATCH: Details Of NYC Terrorist Attack During the fighting in Marawi, the jihadis blew open vaults at Landbank, the Philippine National Bank and the Al Amanah Islamic Bank. They also looted pawn shops and jewelry stores. "They were saying it was a ...

ISIS Recruits Hundreds Of New Fighters For Fresh Attacks In The Philippines With Stolen Gold
The Daily Caller - 2018-01-23
ALSO WATCH: Details Of NYC Terrorist Attack During the fighting in Marawi, the jihadis blew open vaults at Landbank, the Philippine National Bank and the Al Amanah Islamic Bank. They also looted pawn shops and jewelry stores. "They were saying it was a ...

The new face of Boracay
Philstar - 2018-01-23
It will be recalled in 2011, the Alliance Global Group, Inc. (AGI) of business tycoon Andrew Tan acquired for P5 ... with the first phase consists of four building/clusters, the Town Center North, which will have the Shophouse District - a six-hectare ...

Visa, UnionBank partner for pilot B2B transactions
Philstar - 2018-01-23
MANILA, Philippines -- Global payments technology company Visa has partnered with Aboitiz-controlled Union Bank of the Philippines to pilot test bank-to-bank (B2B) transactions ahead of the planned commercial launch at the end of the year. Vikram Kshettry ...

2017 growth ‘strong’ despite slowdown
- 2018-01-23
By Christine Joyce S. Castañeda Senior Researcher THE PHILIPPINE ECONOMY expanded last quarter at a pace slightly slower than expected even as full-year growth fell within the government’s target and cemented the country’s place among Asia’s fastest-growing economies, the Philippine Statistics Authority (PSA) reported yesterday. Gross domestic product (GDP) — the total amount of final …

Solaire to give Bloomberry shares to loyal patrons
BusinessWorld Online - 2018-01-23
(FILES) This file photo taken on March 14, 2013 shows employees of Solaire Manila Resorts and casino simulating a game during media day inside the casino in Manila. / AFP A UNIT of Bloomberry Resorts Corp. (BRC) has bought P4.24 million worth of the ...

Solaire operator buys shares as giveaway to loyal patrons
Business Mirror - 2018-01-23
THE board of directors of Bloomberry Resorts and Hotels Inc., the operator of Solaire Resort and Casino, said it bought shares of publicly listed Bloomberry Resorts Corp. Bloomberry executives said on Tuesday it will distribute the shares it bought to ...

U.S. senators strike deal reopening government
Business Mirror - 2018-01-23
But by relenting, the Democrats prompted a backlash from immigration activists and liberal-base supporters who wanted them to fight longer and harder for legislation to protect from deportation the 700,000 or so younger immigrants who were brought to the ...

Battle in Lubao on
Business Mirror - 2018-01-23
while Tony Lascuña and Justin Quiban are ready for a rebound in what promises to be an explosive start of the International Container Terminal Services Inc. (ICTSI) Pradera Verde Classic today in Lubao, Pampanga. The rest of the 83-player field have also ...

PSEi a hairline away from 9,000
Inquirer - 2018-01-23
Jollibee and Megaworld also declined. Key decliners outside the PSEi included Now Corp. and Pilipinas Shell, which respectively fell by 4.73 percent and 2.65 percent. Don't miss out on the latest news and information.

Chelsea taps Japanese shipbuilder for ro-ro plan
Inquirer - 2018-01-23
Chelsea Logistics Holdings Corp. is tapping a Japanese shipbuilder in line with the expansion of its roll-on, roll-off (Ro-Ro) passenger business. Chelsea Logistics, led by businessman Dennis Uy, said in a stock exchange filing on Monday that it had signed ...

NPC orders Globe to adopt stricter protocols in replacing SIM cards
Inquirer Technology - 2018-01-23
The National Privacy Commission (NPC) ordered Globe Telecom, Inc. to have stricter protocols in replacing prepaid SIM cards after recent reports of consumers falling victim to identity theft, leading to their online bank account being breached. In a ...

The beacon of Western Visayas
BusinessWorld Online - 2018-01-23
Currently, the National Capital Region, and to some extent Region IV ... These include the Central Philippine University, University of San Agustin, University of the Philippines Visayas, West Visayas State University, and the Iloilo Science and Technology ...

PNB to raise up to P20B from LTNCD issuance
InterAksyon - 2018-01-22
MANILA - The Philippine National Bank (PNB) is planning to raise up to P20 billion by selling peso-denominated long-term negotiable certificates of deposit (LTNCD). In a disclosure to the stock exchange, the Lucio C. Tan-owned bank said its board of ...

PNB to raise up to P20B from LTNCD issuance
interaksyon.com - 2018-01-22
MANILA - The Philippine National Bank (PNB) is planning to raise up to P20 billion by selling peso-denominated long-term negotiable certificates of deposit (LTNCD). In a disclosure to the stock exchange, the Lucio C. Tan-owned bank said its board of ...

FAQs: Rappler's SEC case
Rappler - 2018-01-22
On July 8, 2017 the SEC created a "special panel" to conduct a "formal, in-depth examination of Rappler Inc ... Network. PDRs are financial tools that are legal and accepted in the business community, as seen in the cases of ABS-CBN, GMA-7, and PLDT.

Globe partnership prompts Shell to review no cellphone use policy
Philstar - 2018-01-22
MANILA, Philippines -- Pilipinas Shell Petroleum Corp. is reviewing its no cellphone policy in gas stations with the advancement of technology and following its partnership with Globe Telecom Inc. to put up cell sites in its retail network. Shell signed a ...

Stocks flirt with 9,000 mark, end at new high
Philstar - 2018-01-22
The benchmark Philippine Stock Exchange index (PSEi) recorded a new all-time high yesterday ... managing director at First Grade Finance Inc. He said the market still has room to go up before a market correction can happen. "We can expect the market ...

AC Energy sees consistent earnings growth from wind, geothermal fields
Philstar - 2018-01-22
MANILA, Philippines - AC Energy, the power unit of Ayala Corp., expects consistent earnings growth in the medium term with higher contributions from wind farms, geothermal and new power projects, its top official said. The group started seeing improvements ...

Chelsea taps Japan firm for new passenger ships
Philstar - 2018-01-22
The purchased tugboats are expected to arrive in the first quarter of the year. At present, CLC has 15 tankers, eight tugboats, 21 RORO and passenger vessels (RoPax), four cargo ships while 2GO Group has 16 RoPax, five cargo vessels and 10 fast craft.

Globe nixes proposal to block construction of own cell sites
Philstar - 2018-01-22
PLDT Inc. and Smart Communications Inc. public affairs head Ramon Isberto said the company would defer comment until it gets more details on the common tower policy.

Fuel prices up again today
Philstar - 2018-01-22
01 a.m. while UniOil Petroleum Philippines Inc. at 6:01 a.m. Petron Corp. and Total Philippines Corp. have yet to issue advisories as of press time. Last week, global oil prices were underpinned by oil production curbs of the Organization of the Petroleum ...

Dead in the water
The Standard - 2018-01-22
PDRs are also found in the articles of incorporation of ABS-CBN and GMA. Both PLDT-Smart and Ayala-Globe also have PDRs but they did not violate the Constitution as what Rappler did. Rappler Holdings and Rappler Inc. had a condition that Omidyar Network ...

Plus and minuses
Philstar - 2018-01-22
It puts the Philippine air navigation system at par with modern airports ... The system will also enable us to bill airlines using our airspace enroute to other countries, income we have been foregoing. Speaking of airports, completion of the rapid exit ...