Ayala industrial parks in Porac, Pampanga to generate 7,000 jobs
Business Mirror - 2018-01-14
PORAC, Pampanga--The two industrial parks of Ayala Land Inc. (ALI) here will generate at least 7,000 jobs once operational, a high-ranking ALI official said last Friday. ALI President Bobby Dy said the Alviera Industrial Park Phases 1 and 2 are part of ...

Makati residents urged: Take part in outreach programs
Business Mirror - 2018-01-14
Participants in the caravan can also enjoy the convenience of paying their bills and transact with private-sector partners, including Bayad Center, Meralco, Manila Water, Petron, Globe, PLDT, Cebuana Lhuillier and ABS-CBN Mobile.

Globe bags Platinum award for environmental, social and corporate governance
Business Mirror - 2018-01-14
Leading telecommunications firm Globe Telecom reaped another major accolade for its environmental, social and corporate governance (ESG) initiatives, winning the award for the sixth time in the past nine years. Globe again won the Platinum award given by ...

SM developing more malls in provinces
BusinessWorld Online - 2018-01-14
SM Prime Holdings, Inc. is on track to achieve ... Of this, 86% are covered by the 67 malls in the Philippines, while 14% come from seven malls in China. This brings the company closer to its target of 10.5 million sq.m by end-2018. SM Prime disclosed ...

Family business secrets revealed
Inquirer - 2018-01-14
Some of the VIPs at the launch were Robina Gokongwei of JG Summit Holdings Inc., Grace Tan Caktiong of Jollibee Foods Corp., Michael G. Tan of LT Group Inc., June Alegrado Ugarte of Bluewater Maribago Beach Resort, and Selene Lee Yu of Chevrolet Philippines.

Oscar M. Lopez Center fetes partners, research grant recipients
Inquirer - 2018-01-14
The foundation aims to achieve its goals by generating science ... awarded the 2017 "Resilience Grants", amounting to P4.8 million, to De La Salle University (DLSU) and Silliman University projects. The DLSU project, headed by Dr. Wilfredo Roehl ...

Sweet dreams are made of this
Inquirer - 2018-01-14
CluMP might just be the magic bullet the country needs to compete with sugar giants like Brazil and Thailand. Roxas Holdings Incorporated (RHI) has provided technical farm assistance to enlisted farm cooperatives, while pushing for sustainable farming ...

DOE wants Meralco to explain power rate hike
Inquirer - 2018-01-13
The Department of Energy (DOE) has demanded an explanation from the Manila Electric Company (Meralco) regarding its electricity rate increase of P0.08 kilowatt per hour, which was set to be effective in February. DOE Secretary Alfonso Cusi said he wanted ...

ALI hauls major awards in Lamudi survey
m.philstar.com - 2018-01-13
and the Metro Manila cityscape. It offers first-class recreational amenities, including its very own 18-hole, par 72 championship golf course. The Best Affordable Housing Project award also went to ALI and its Avida Settings Cavite. Avida Settings remains ...

Former waiter now runs big hotel in Manila
The Standard - 2018-01-13
MJC Investment Corp., the owner and operator of Winford Manila Resort and Casino in Sta. Cruz, Manila, appointed Jeffrey Lim Evora as its chief operating officer in December. Evora has an extensive experience in international hospitality and gaming ...

Where to watch movies in Boracay
The Standard - 2018-01-13
It was launched in partnership with ABS-CBN Corp., and is one of the many cinemas that CityMall is progressively rolling out in its branches across the country, including theaters at CityMall-Anabu in Imus, Cavite; CityMall-Consolacion in Cebu; CityMall ...

PSEI ends flat on Friday trading lull
Inquirer - 2018-01-13
Other actively traded firms were Jollibee Foods Corp., unchanged at P255; Metropolitan Bank and Trust, up 1.57 percent to P109.70; SM Prime Holdings Inc., up 1.04 percent to P38.90; SM Investments Corp., up 0.49 percent to P1,029 and Universal Robina Corp ...

Uy completes purchase of PH FamilyMart
Inquirer - 2018-01-13
In the last six years, new brands have entered the local market to challenge the two leading players 7-Eleven and Ministop, run by Philippine Seven Corp. and Robinsons Retail Holdings Inc., respectively. --DORIS DUMLAO-ABADILLA Don't miss out on the ...

PSEI ends flat on Friday trading lull
Inquirer - 2018-01-13
Other actively traded firms were Jollibee Foods Corp., unchanged at P255; Metropolitan Bank and Trust, up 1.57 percent to P109.70; SM Prime Holdings Inc., up 1.04 percent to P38.90; SM Investments Corp., up 0.49 percent to P1,029 and Universal Robina Corp ...

Take advantage of these Christmas staycation offers before January ends
Rappler - 2018-01-13
The best way to avoid the holiday - and post-holiday - rush is, ironically, to stay at the center of it all. Ayala Land, in partnership with MasterCard, has launched the Makati Staycation program, which offers discounts for 3 hotels in the area ...

PAF pounds lair of BIFF leader in North Cotabato
Malaya Business Insight - 2018-01-13
The Philippine Economic Zone Authority (PEZA) is planning to revive Picop Resources Inc. as part of an overall strategy to develop the wood-based industry in the country.

Developer bets big in vibrant Katipunan
Inquirer - 2018-01-12
Such a strong demand is being driven primarily by the presence of institutional establishments such as the University of the Philippines (UP), Ateneo de Manila University, and Miriam College; and of high end residential villages such as La Vista ...

Melco to launch luxury hotel brand in Macau and Manila
Rappler - 2018-01-12
To be called NÜWA, Melco's new hotel brand will replace the current Crown Towers in its flagship property ... chairman and chief executive officer of Melco Resorts and Entertainment (Philippines) Corporation, said in a statement. Ho and Entertainment ...

Zarate: Devanadera may face raps for holding meetings with suspended ERC execs
Philippine Daily Inquirer - 2018-01-12
They were accused of giving undue advantage to power utilities like the Manila Electric Company (Meralco) for exempting them from the Competitive Selection Process (CSP) in 2016, which requires electricity distributors to hold competitive bidding for their ...

Ayala Land tops Lamudi survey as Best Mixed-Use Developer
Business Mirror - 2018-01-12
In Photo: Photo shows (from left) Lamudi Global Managing Director Kian Moini, Avida President Chris Maglanoc, Amor Maclang, Ayala Land Corporate Brand Marketing Head Cathy Bengzon,Ayala Land Residential Business Group Marketing Head Eunice Acejo, Avida ...

Megawide-SSS group to bid for NAIA rehabilitation
BusinessWorld Online - 2018-01-12
DIVERSIFIED engineering conglomerate Megawide Construction Corp. and Social Security System are planning to submit to the government an unsolicited proposal for the rehabilitation of Ninoy Aquino International Airport (NAIA). SSS Chairman Amado D.

Investors flocking to equities amid continued strength
BusinessWorld Online - 2018-01-12
INVESTORS are shifting their attention to the equity market from the low-risk bond mart, as the bellwether index is seen breaching the 10,000 level in the next two years, the asset management arm of Bank of the Philippine Islands (BPI) said on Friday.

MPIC avails of P8-B loan facility
BusinessWorld Online - 2018-01-12
MPIC is one of three Philippine units of Hong Kong-based First Pacific, along with PLDT and Philex Mining. Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- maintains interest in BusinessWorld through ...

SBITC sees better performance this year
BusinessWorld Online - 2018-01-12
A few months ago, the company expanded its services in the southern regions, operating a container barge service between Cebu and Cagayan de Oro, connecting other provinces in between. The International Container Terminal Services, Inc. subsidiary will ...

PSEi ends flat as investors stay on sidelines
BusinessWorld Online - 2018-01-12
Banking stocks were among the most active for the day, with Security Bank Corp. gaining 0.47% to P255.40 each, and BDO Unibank, Inc. losing 0.06% to P164.90 apiece. Ayala Land, Inc. on the other hand was flat at P44.35 each. -- Arra B. Francia

JPMorgan, AMD, Sam's Club and Fiat Chrysler - 5 Things You Must Know
The Street - 2018-01-12
The economic calendar in the U.S. on Friday includes the Consumer Price Index for December at 8:30 a.m. ET, and Retail Sales for December at ... and PNC Financial Services Group Inc. (PNC) . JPMorgan Chase is a holding in Jim Cramer's Action Alerts PLUS ...

Saso rallies, wins Infinity PH Ladies Open by 2 strokes
The Standard - 2018-01-12
Gilberto Duavit, Inquirer, Alveo Land, G&W Clubshares, Inc., Crimson Hotel Filinvest, Golfers Club Shares Inc., Cherrylume and NGAP. Torralba shot a 78 for a 230 and edged Laurea Duque (80-232) by two with Sofia Legaspi finishing third at 234 after a 77 ...

The Finance 202: Nativist Trump makes noise while Globalist Trump makes progress
Washington Post - 2018-01-12
PROGRAMMING NOTE: The Finance 202 will not publish on Monday ... The measure in question gives farmers a bigger deduction if they sell crops to agricultural co-operatives. That appears to be a win for farmer-owned agribusinesses such as CHS Inc. at ...

Metro Pacific secures P8-b loan to retire debt
The Standard - 2018-01-12
Metro Pacific in December secured a 10-year fixed-rate term loan worth P5 billion from BDO Unibank Inc and a similar amount and tenor from Union Bank of the Philippines to finance its investments in several projects. Metro Pacific plans to spend P100 ...

Cusi orders Meralco to explain P0.08 per kWh power rate increase
The Standard - 2018-01-12
Energy Secretary Alfonso Cusi has asked Manila Electric Co. to explain its computation of a P0.08 per kilowatt-hour increase in electricity rates following the implementation of the Tax Reform for Acceleration and Inclusion, or TRAIN, tax package.

JPMorgan, AMD, Sam's Club and Fiat Chrysler - 5 Things You Must Know
The Street - 2018-01-12
The Stoxx 600 benchmark, Europe's broadest measure of share prices, rose 0.11%, snapping a two-day losing streak as global markets rebounded following ... and that it was working with AMD and SoftBank Group Corp.'s ARM Holdings and operating system vendors ...

Megawide, SSS to bid for NAIA rehabilitation
Inquirer - 2018-01-12
Construction and infrastructure conglomerate Megawide Corp. is teaming up with the state-owned Social Security System (SSS) to bid for the right to rehabilitate and operate the Ninoy Aquino International Airport (NAIA), the highly-congested main gateway to ...

Market closes down 1.2%
Inquirer - 2018-01-12
The PSEi was weighed down by Metro Pacific and PLDT, which both fell by over 3 percent. Ayala Land, SM Investments, URC, DMCI and JG Summit all declined by over 2 percent. BPI, SM Prime, Megaworld and ICTSI all slipped by over 1 percent. Ayala Corp ...

ZTE positions self as third telco player
- 2018-01-12
A Chinese telecommunications and data services giant has partnered with a Davao-based telco to put up some 50,000 microcell towers across the country over the next five years.

ICTSI raises $400M for expansion plans
Inquirer - 2018-01-12
International Container Terminal Services Inc. (ICTSI), a multinational container terminal operator, has raised fresh funds to finance its spending plans, including potential acquisitions. The company, controlled by ports and gaming tycoon Enrique Razon Jr ...

Coal to remain dominant in PH energy mix
Inquirer - 2018-01-12
The company took note of production in Semirara Island in the Visayas, where Semirara Mining and Power Corp. was undertaking efforts to increase coal output by one-third in volume to reach 16 million metric tons in the next two to three years.

Charming Czech Republic
Philstar - 2018-01-12
THE PEPPER MILL By Pepper Teehankee (The Philippine Star) | Updated January 12 ... I checked out the huge and beautiful Turkish Airlines lounge. I munched on some of the delicious food there before heading to the duty free to buy baklava and Turkish ...

Economic Times - 2018-01-12
With the S&P 500 up about 14 per cent so far in 2017, investors are hoping earnings growth can help justify valuations. The NCLT also allowed Reliance Communications (RCOM) tower arm 51 per cent stake sale to Brookfield for Rs 11,000 crore. Attorney ...

Dennis Uy completes FamilyMart PH buyout
Inquirer - 2018-01-11
The foreign partners, FamilyMart Co. Ltd. and Itochu Corp. likewise unloaded their interest in PFM in favor of Uy-led petroleum retailer Phoenix Petroleum, based on a disclosure by SSI Group to the Philippine Stock Exchange on Friday. But when as the ...

Wood industries ecozone planned for PICOP plantations
BusinessWorld Online - 2018-01-11
THE Philippine Economic Zone Authority (PEZA) is considering agro-forestry economic zone status for plantations operated by the defunct Paper Industries Corp. of the Philippines (PICOP). If approved by the Department of Environment and Natural Resources ...

Environmental degradation
The Standard - 2018-01-11
Picop Resources Inc., which operates in Bislig, Surigao del Sur province, was a model company that took care of the environment. It was once the largest integrated wood and paper milling company in Southeast Asia, until cheap imports shut down its operatio ...

Henry Sy, Jr. forays into cement business
BusinessWorld Online - 2018-01-11
Ang. DMCI Holdings, Inc. of the Consunji family is another company exploring an entry in the cement business. BBCI believes there is room for another player in the industry dominated by foreign players, with cement demand seen growing to 25 million metric ...

Anchor Land set to build P1.5-b dormitory complex
The Standard - 2018-01-11
Property developer Anchor Land Holdings Inc. launched its dormitory business with the unveiling of the P1.5-billion Cosmos Suites in Pasay City. Anchor Land said in a statement the twin-tower development, with 3,000 beds in over 800 units, would offer ...

ICTSI raises additional $50 million in perpetual notes
Business Mirror - 2018-01-11
PORT operator International Container Terminal Services Inc. (ICTSI) said on Thursday it has raised an additional $50 million in senior perpetual notes, proceeds of which will be used to finance its acquisitions and capital expenditures. The notes were ...

SE Asia Stocks-Philippines falls over 1 pct; Vietnam hits fresh 10-year closing high
Reuters - 2018-01-11
Losses were largely broad-based in the Philippines, with index heavyweight PLDT Inc ending 3.5 percent lower and real estate company Ayala Land closing down 2.9 percent. "A lot of the proxy stocks that have big weighting on the index are seeing some profit ...

PSEi slips to 8,800
Inquirer - 2018-01-11
The local stock barometer pulled back sharply on Thursday as rising bond yields curbed risk-taking across regional markets. The main-share Philippine Stock Exchange index shed 107.04 points or 1.2 percent to close at 8,813.25, declining for the second ...

Philippines stocks lower at close of trade; PSEi Composite down 1.20%
Investing.com - 2018-01-11
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 111 to 81 and 33 ended unchanged. Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 5-year lows; down 4.03% or 1.850 to 44.100. Shares in LT Group Inc (PS:LTG) fell to 52 ...

San Miguel to start building Southeast Metro Manila Expressway in April
Rappler - 2018-01-11
Because of the hard work of our partners in government, we will finally be able to proceed with this vital infrastructure project," SMC president Ramon Ang said in a statement. SMC, together with the Department of Transportation (DOTr), the Toll Regulatory ...

Inflation may rise as high as 4% due to TRAIN, says Lacson
Philippine Daily Inquirer - 2018-01-11
"Yung inflationary effect talagang mafe-feel ito. Why? Kasi unang una yung sa fuel. Ngayon pa lang nagtataasan na. Yung Meralco sabi nila magbababa sa Enero. Jan. 11 na tayo e pero Pebrero magtataas sila dahil may impact din sa fuel kasi gumagamit ng ...

FAST FACTS: Who is Normandie Pizarro, the CA justice who freed Joel Reyes?
Rappler - 2018-01-11
In 2016, Pizarro inhibited himself from the case against businessman Roberto V. Ongpin who was accused of insider trading in the sale of Philex Mining Corporation shares back in 2009. Pizarro said one of the Philex shareholders was his "relative by ...