AMD shows off 7nm next-gen chips at CES, aims at Intel and Nvidia
Reuters - 1 month ago
(Reuters) - Advanced Micro Devices Inc on Wednesday unveiled its next generation smaller and power-efficient computer chip and a graphics processor, aiming at bigger rivals Intel Corp and Nvidia Corp. Chief Executive Officer Lisa Su, during a keynote ...

Manila Zoo a major bay polluter, says DENR chief
Philippine Daily Inquirer - 1 month ago
The government-run Manila Zoo ... and a local company. In 2015, the city government signed a P1.5-billion joint venture agreement with Metropolitan Zoo and Botanical Garden Inc. to undertake ...

PH banks can weather Hanjin default, BSP assures public
Inquirer - 1 month ago
Metropolitan Bank and Trust Co., Bank of the Philippine Islands and Banco de Oro Universal Bank--decided to move to take control of the firm, while agreeing among themselves to act collectively ...

Jitters over Hanjin debt lead PH shares lower
Inquirer - 1 month ago
Aside from the banks, conglomerates Ayala Corp. and GT Capital also fell by over 2 percent, likewise dragged down by sentiment on their respective banking units, BPI and Metrobank. Meanwhile ...

Phoenix, China firm to start LNG project in 2019
Inquirer - 1 month ago
An affiliate of Phoenix Petroleum Philippines Inc. is looking at starting construction of a liquefied natural gas facility this year and start commercial operations by 2023 after securing a notice ...

Discovering and loving our islands
Inquirer Opinion - 1 month ago
When one enters the estate, one is welcomed by a sign that proclaims that the developers (Ten Knots and Ayala Land) have obtained the proper environmental clearance. One is impressed at how they have adhered to protecting the environment. The original ...

Investments for the millennial
Inquirer - 1 month ago
Trusted long-standing property developer Sta. Lucia Land Inc. offers a wide selection of projects for the young urban professional considering to invest in real estate. Santorini Tower ...

13 PHL food exporters join WFFS 2018 in US
BusinessMirror - 1 month ago
A variety of coconut products from Grand Asia Integrated Natural Coco Products Corp. will be on display at the 44th Winter Fancy Food Show from January 13 to 15 at the Moscone Convention Center ...

ANALYSIS: Belt and Road is more chaos than conspiracy
BusinessMirror - 1 month ago
Oil and gas pipelines linking a planned $9.6 ... schedule and has barely started construction. Three of the six trans-Asia "economic corridors" around which the initiative was originally ...

BSP downplays effect of Hanjin default on banking industry
BusinessWorld - 1 month ago
Meanwhile, two shipbuilders from China have expressed interest in acquiring HHIC-Philippines, according to an official of the Department of Trade and Industry (DTI). "Over the past two days, we have gotten in touch again with the mga pumuntang investors ...

Foreign direct investments continue to drop in October
BusinessWorld - 1 month ago
Asuncion, chief economist at Union Bank of the Philippines. "However, recent developments on the trade showdown showing improvement on general sentiment, may sway the negative tide of uncertainty," he added. Still, Mr. Asuncion flagged that while FDI ...

PH banks can weather record Hanjin default, BSP assures public
Inquirer - 1 month ago
Metropolitan Bank and Trust Co.; Bank of the Philippine Islands, and Banco de Oro Universal Bank-- decided to move to take control of the firm, while agreeing among themselves to act collectively ...

Local banks grapple with biggest default in PH corporate history
Inquirer - 1 month ago
Metropolitan Bank and Trust Co.; Bank of the Philippine Islands, and Banco de Oro Universal Bank--have decided to move as one to take control of Hanjin Heavy Industries and Construction ...

What went before: $81-million Bangladesh bank cyberheist
Philippine Daily Inquirer - 1 month ago
In September 2017, former Rizal Commercial Banking Corp. (RCBC) branch manager Maia Deguito was left to face trial alone for the $81-million cyberheist on Bangladesh Bank after the Department of ...

RCBC manager guilty of money laundering
Philippine Daily Inquirer - 1 month ago
Her mere position as business manager ... and money transfer firm Philrem Service Corp. Only $15 million of the money was recovered after it landed in the Philippines and was quickly dispersed.

PH stocks inch closer to 8,000
Inquirer - 1 month ago
SM Prime, BPI and San Miguel all advanced by over 1 percent. BDO, ICTSI, Metrobank, AEV and Megaworld also firmed up. One notable gainer outside the PSEi was Megawide Construction, which added 1 ...

DENR told: Bare Korean waste test results
Philippine Daily Inquirer - 1 month ago
It was supposedly for a recycling facility owned and operated by Verde Soko Philippines Industrial Corp., located at Phividec Industrial Estate in the village of Santa Cruz. The shipment was ...

Globe Telecom setting up 5 cell sites in Cebu City mountain barangays - 1 month ago
CEBU CITY, Philippines -- Upland barangay Bonbon residents once found it difficult to get a cellphone signal until three days ago. Now, they enjoy improved network coverage because Globe Telecom ...

Philippine Airlines well on its way to reach five-star goal
Journal - 1 month ago
This is the goal which, according to PAL officials led by president and chief operations officer Jaime Bautista, vice president for sales Ryan Uy, senior vice president for airline operations Nicky Gozon, vice president for marketing Ria Domingo, vice ...

DICT chief: We will have 3rd telco by midyear
Sun Star - 1 month ago
ACTING Information and Communications Technology Secretary Eliseo Rio Jr. has assured President Rodrigo Duterte that the third telecommunications provider would be operational by the middle of 2019 to break the duopoly of PLDT Incorporated and Globe ...

Poet Tita Lacambra-Ayala, 88: "the art is always you"
MindaNews - 1 month ago
Want create site? With Free visual composer you can do it easy. DAVAO CITY (MindaNews / 10 January) - "Paalam Nay... 10:37," music icon Joey Ayala wrote on his Facebook page at 10:58 p.m. Wednesday, to announce the death of his mother, poet Tita ...

D.E.N.R. has 1-strike policy vs. pollutive bay condos
BusinessMirror - 1 month ago
Among the major condominium developers in the bay area are SM Development Corp., Robinsons Residences, Federal Land and DMCI Homes, to name a few. Meanwhile, Rigor said the agency will start ...

AC Health to boost expansion of FamilyDoc clinics
BusinessWorld - 1 month ago
THE health care unit of Ayala Corp. (AC) looks to end the year with more than 80 FamilyDoc clinics, as it continues to be on the lookout for partnerships to expand its existing facilities. Ayala Healthcare Holdings, Inc. (AC Health) Chief Executive Officer ...

Merger of Philippine Business Bank, ISBI likely to be completed by June
BusinessWorld - 1 month ago
THE MERGER of Philippine Business Bank and Insular Savers Bank, Inc. will be completed in six months. THE MERGER of Philippine Business Bank (PBB) and Insular Savers Bank, Inc. (A Rural Bank) (ISBI) is expected to be completed within six months following ...

Victorias profit rises 74% in Q1
BusinessWorld - 1 month ago
VICTORIAS Milling Company, Inc. (VMC) grew its attributable profit by 74% in its first quarter ending November 2018, driven by higher sugar prices even as volumes of sugar sold declined. In a regulatory filing, VMC said net income attributable to the ...

ATI acquires new cranes for Batangas Port expansion
BusinessWorld - 1 month ago
ASIAN Terminals, Inc. is ramping up its expansion of the Batangas Container Terminal. -- ASIAN TERMINALS, INC. ASIAN Terminals, Inc. (ATI) said on Thursday it is expanding the Batangas Container Terminal (BCT) with the deployment of additional modern ...

Court convicts RCBC branch manager of money laundering
BusinessMirror - 1 month ago
THE Regional Trial Court (RTC) in Makati City on Thursday declared that former Rizal Commercial Banking Corp. (RCBC) Branch Manager Maia Santos-Deguito is guilty of seven counts of money ...

Globe backs Senate bill seeking to block websites enabling online piracy - 1 month ago
Globe Telecom and the international group Coalition Against Piracy (CAP) have come out in support of a Senate bill aiming to deter online piracy in the country by blocking Internet websites that ...

Inflation for low-income households eases in Nov.
BusinessWorld - 1 month ago
INFLATION, as experienced by low-income families, softened in November driven by slowdowns in the growth of prices of food and utilities, the Philippine Statistics Authority (PSA) reported yesterday. The consumer price index (CPI) -- a measure of the ...

Qualified theft case vs SMHC's Indonesian partners can proceed - CA
Rappler - 1 month ago
This is after the Court of Appeals (CA) junked their petition to reverse an earlier ruling dated July 11, 2018, that gave the green light to a Marikina City Regional Trial Court (RTC) to put them on trial. The CA ruling, written by Associate Justice ...

Philippine court orders jail for former bank manager over Bangladesh central bank heist
Reuters - 1 month ago
The regional court sentenced Maia Deguito, a former branch manager at Manila-based Rizal Commercial Banking Corp (RCBC), to a jail term ranging from 32 to 56 years, with each count carrying four to seven years. She was also ordered to pay a total fine of ...

Philippine court finds banker guilty over Bangladesh Bank heist
Nikkei Asian Review - 1 month ago
Deguito, a former branch manager at Philippine lender Rizal Commercial Banking Corp., was found guilty at a Makati regional trial court of eight charges in connection with the country's largest ...

RCBC manager guilty of money laundering - Makati RTC
Philippine Daily Inquirer - 1 month ago
MANILA, Philippines -- The Makati City Regional Trial Court has found guilty former Rizal Commercial Banking Corp. branch manager Maia Santos-Deguito of money laundering for her involvement in ...

Italian Watchdog Fines Automakers EUR678M Over Finance Cartel
Law360 - 1 month ago
Daimler AG and its Mercedes Benz Financial Services Italian unit avoided ... Ford and its bank were fined EUR41.5 million, GM Company and its financing arm were fined EUR10.06 million, Renault was fined EUR125.17 million, Toyota was fined EUR43.38 million ...

Ayala subsidiary acquires majority stake in Phinma Energy
Inquirer - 1 month ago
The Ayala group is ramping up its energy business by acquiring a 51.48-percent stake in Phinma Energy Corp., to help reach its renewables goals. AC Energy signed with Phinma Corp. a strategic ...

Solon: Water concessionaires should help in bay cleanup
Philippine Daily Inquirer - 1 month ago
Atienza, a former environment secretary, said Maynilad Water Services Inc. and Manila Water Company Inc. had agreed to construct sewage systems as part of their contractual obligation to the ...

FDC unit, Apex ink power supply deal
Inquirer - 1 month ago
One of the largest power generators in Mindanao has sealed a deal to supply electricity to a major Compostela Valley-based mining operation for the next five years, renewing a partnership that ...

RCBC sets $300-M bond offering
Inquirer - 1 month ago
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) is returning to the offshore bond market with a fresh offering of at least $300 million worth of three-year debt notes. The indicative price for ...

Stocks resume climb on US-China talks
Inquirer - 1 month ago
The local stock barometer resumed its upswing on Wednesday, surging past the critical 7,900 mark as optimism over US-China trade talks perked up global markets. The main-share Philippine Stock ...

Poet Tita Lacambra Ayala dies
Rappler - 1 month ago
BAGUIO, Philippines - "Paalam Nay...10:37" was all musician Joey Ayala wrote on Facebook, and the Filipino literati understood. Tita Lacambra Ayala, the poet much loved from Ilocos Norte to Davao City, died at 10:37 pm Wednesday, January 9, while ...

AC Energy acquires Phinma Corp. power unit for P3.42 billion - 1 month ago
MANILA, Philippines -- AC Energy Inc., the energy platform of the Ayala conglomerate ... Commission (PCC), Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE), and compliance with the mandatory tender offer requirements.

Bids for 10-year Treasury bonds nearly double the P20B on offer
BusinessMirror - 1 month ago
Metropolitan Bank and Trust Co., Rizal Commercial Banking Corp. and Security Bank Corp. During the primary auction for the IOUs, bids reached P52.989 billion, prompting the auction committee to ...

Fall-out of trade spat
Business Line - 1 month ago
Major ICT companies such as Dell, Sony, Panasonic, Samsung and Intel have their presence ... The medium term benefits will be reaped by India, Indonesia, the Philippines and Vietnam. Japan, Singapore, South Korea and Taiwan will be minimally impacted.

Travel, airline execs urge lifting of visa requisite for Chinese and Indian tourists
BusinessMirror - 1 month ago
The TTE is supported by the Department of Tourism, Tourism Promotion Board, Philippine Airlines, Mabuhay Miles and Citibank. Image Credits: Roy Domingo

Ayala acquires Phinma Energy
BusinessWorld - 1 month ago
AC ENERGY, Inc. is taking control of Phinma Energy Corp. through a "mutually strategic agreement" that gives the Ayala-led company a 51.48% stake in the listed energy firm for P3.42 billion. In a joint statement on Wednesday, the two groups said the ...

PPA to evaluate P11-B Davao-Sasa Port proposal of Uy-led Chelsea
BusinessMirror - 1 month ago
Chelsea is aggressively expanding its business verticals, as it will soon enter the telecommunications market, being part of the winning bidder for the third telco spot. It has also submitted a ...

GMA taps PLDT-Smart to help hasten its digital transformation
BusinessMirror - 1 month ago
MULTIMEDIA giant GMA Network Inc. has tapped PLDT Inc. and Smart Communications Inc. to help the company in its digital transformation efforts, officials said on Wednesday. In a statement, the ...

MRSGI targets Phase 1 completion of Metro Ayala Cebu by mid-2019
BusinessMirror - 1 month ago
METRO Retail Stores Group Inc. (MRSGI) is looking to complete by the second half of 2019 the first phase of its rebuilding and recovery program for the fire-damaged Metro Ayala Cebu store ...

MGI secures COC extension for Batangas Maibarara station
BusinessMirror - 1 month ago
and PNOC Renewables Corp. (10 percent). PGEC is the renewable-energy subsidiary of publicly listed PetroEnergy Resources.

PSE: Shariah-compliant listed firms drop to 56
BusinessWorld - 1 month ago
A quarterly review posted on the PSE website on Tuesday showed the removal of Ayala Land, Inc., IRC Properties, Inc., Jollibee Foods Corp., Mabuhay Vinyl Corp., Philippine H2O Ventures, Inc., and SPC Power Corp. from the list of Shariah-compliant firms.