Globe investing $850m this year for expansion
The Standard - 2018-01-05
The company owned by conglomerate Ayala Corp. said the sustained level of capex was aligned with its vision to improve internet services in the Philippines and establish first world internet connectivity. Globe last year also programmed $850 million in ...

Stock index stays above 8,700
Inquirer - 2018-01-05
SM Investments, Puregold and AGI also contributed gains. One notable gainer outside the PSEi was Now Corp., which racked up 8.77 percent. Ayala Land tumbled by 2.75 percent while Security Bank, PLDT and JG Summit all fell by more than 1 percent.

Fire engulfing third floor of Ayala mall in Cebu
Philippine Daily Inquirer - 2018-01-05
a business district operated by Cebu Holdings Inc., an affiliate of Ayala Land Inc. The fire broke out at 9:48 p.m. from the toy department of Metro Ayala located on the third floor. The cause was still unknown as firemen are still in the process of ...

191-room Hotel Okura to open in RWM
Inquirer - 2018-01-05
The local hotel business is benefiting from these and other favorable trends," Okura president Toshihiro Ogita said in a press statement on Friday. "Having worked closely with Mr. Kingson Sian (Travellers president and chief executive officer), we are ...

Globe sets 2018 capex budget at $850M
Inquirer - 2018-01-05
Industry giant Globe Telecom set its 2018 capital spending budget at $850 million (P42.4 billion), around the same amount as in the previous year. Globe said in a stock exchange filing on Friday that the amount would help the Philippines become "an ...

BSP goal: 20% of PH transactions digital by 2020
Inquirer - 2018-01-05
As much as P1 for every P5 spent in the Philippines will be transacted through electronic channels in as short as three years under a new Bangko Sentral ng Pilipinas initiative to transform the local market into an advanced digital economy. According to ...

A look back at 2017 at Wright-Patterson Air Force Base, part 2
Dayton Daily News - 2018-01-05
Almost 230 Airmen at Wright-Patterson AFB received their Community College of the Air Force associate degrees ... The Dayton region is the third highest region in the United States for backlogged cases with about 2,000 cases currently open.

Philippines stocks higher at close of trade; PSEi Composite up 0.35% - 2018-01-05 - Philippines stocks were higher after the close on Friday, as gains in the Industrials, Property and Mining & Oil sectors led shares higher. At the close in Philippines, the PSEi Composite rose 0.35% to hit a new all time high. Rising ...

Ayala Land takes majority control of Malaysian construction firm
Rappler - 2018-01-05
"This increase in ownership will strengthen ALI's commitment to enhance MCT's operations and expand its business further," the listed property giant said in its disclosure. "This will also provide ALI with a greater opportunity to take advantage of the ...

PSEi surges anew
Visayan Daily Star - 2018-01-05
MANILA - The Philippines' main equities index sustained improvement yesterday ... which a trader pointed to positive sentiment in the market. First Metro Investment Corp. projects the main index to hit 9,400-level this year, to be boosted property, banks ...

Economy seen to grow at least 7%
Philstar - 2018-01-05
A weaker peso is also beneficial to exports and domestic consumption because of huge OFW remittance inflows. Business ( Article MRec ), pagematch: 1, sectionmatch: 1

Economic Times - 2018-01-05
The central bank had reduced the benchmark lending rate by 0.25 percentage points to 6 per cent in August, bringing it to a 6-year low.

Power rates to seesaw in January, February-Meralco
Business Mirror - 2018-01-04
Manila Electric Co. (Meralco) customers can expect further reduction in power rates this month, mainly due to the decrease in generation charge. But they should also brace for hikes in their electricity bills starting in February due to the impact of the ...

Record capital raising at PSE expected this year
InterAksyon - 2018-01-04
The planned $3-billion follow-on offering of an enlarged San Miguel Pure Foods, Inc. will quadruple the total value of follow-on offerings and private placements to P162 billion from P41 billion in 2016. Stock rights offerings, on the other hand ...

CES 2018 Exhibitor Profiles: Humanscale to My Safe Map - 2018-01-04
IOGEAR manufactures innovative information technology products for consumers and small- to medium-sized businesses that are designed to help integrate technologies in everyday life, share resources and ... will showcase its PicoPĀ® scanning technology ...

PNOC receives more offers for $2-B LNG terminal project
Philstar - 2018-01-04
MANILA, Philippines -- New offers were submitted by First Gen Corp., Energy World Corp., PT. Jaya Samudra Karunia, and PT PGN LNG Indonesia/PT Bosowa Corporindo with their local partner MOF Corp., PNOC spokesperson Ryan Tanjutco said. Completing the list ...

Heroes/heroines, not celebrities
Philstar - 2018-01-04
Worth mentioning here is the Metropolitan Bank and Trust Company which has established the Metrobank Foundation Inc. (MBFI) in order to recognize "the unwavering dedication of extraordinary individuals who quietly hold the foundations of our society ...

Globe, Smart comply with prepaid credit expiry extension
CNN Philippines - 2018-01-04
Metro Manila (CNN Philippines, January 5) -- The two major telecommunication companies vowed to comply with the government's order to extend the expiration period of phone prepaid credits to one year. "Effective January 5, 2018, all Globe prepaid load ...

Lendr records P12 billion in loans amid demand from young adults
BusinessWorld Online - 2018-01-04
As of December 2017, FINTQ has inked agreements with 70 financial institutions including the Land Bank of the Philippines, China Bank Savings, RCBC Savings Bank and Philippine Bank of Communications, among others. Looking forward, FINTQ is set to launch ...

Record capital raising at PSE expected this year
BusinessWorld Online - 2018-01-04
The planned $3-billion follow-on offering of an enlarged San Miguel Pure Foods, Inc. will quadruple the total value of follow-on offerings and private placements to P162 billion from P41 billion in 2016. Stock rights offerings, on the other hand ...

ABS-CBN, GMA claim TV ratings lead for 2017
BusinessWorld Online - 2018-01-04
An array of satelites are seen at the GMA Network headquarters in Quezon City. -- BW FILE PHOTO RIVAL TELEVISION networks ABS-CBN Corp. and GMA Network, Inc. both claimed the lead in nationwide TV ratings for 2017. In a statement, ABS-CBN said it ended the ...

DICT expects to hold hearings for spectrum reallocation by mid-Feb.
BusinessWorld Online - 2018-01-04
Last week, Mr. Rio told BusinessWorld that the agency will study best practices worldwide for allocating frequencies, the bulk of which are currently controlled by incumbents PLDT, Inc. and Globe Telecom, Inc. The Philippine Competition Commission (PCC ...

Philab partners with Italian company IMA
BusinessWorld Online - 2018-01-04
Philab pursued this partnership to successfully satisfy the rising demands of the pharma industry," Paolo Cagalingan, executive vice president of sales and business development, said in a statement. Maurizio Ferretti, managing director of IMA Pacific Co ...

PNB is first bank to reopen in post-siege Marawi City
BusinessWorld Online - 2018-01-04
For one, the reopening of the Philippine National Bank Marawi Branch recently, the first bank to open in the city after the siege. The branch is located inside the Mindanao State University (MSU) campus. A day before it reopened, the bank was also the ...

Local shares inch up to fresh peak despite selling
BusinessWorld Online - 2018-01-04
Azurin, senior equity analyst at AB Capital Securities, Inc., said in a separate interview. Sy-led SM Investments Corp. and SM Prime Holdings, Inc. as well as Ty-owned GT Capital Holdings, Inc. and Metropolitan Bank and Trust Co. were the biggest index ...

Balkman, Brownlee make immediate impact as Alab Pilipinas defeats Malaysia
Rappler - 2018-01-04
MANILA, Philippines - After 3 straight losses, Alab Pilipinas seems to be finding its groove in the ASEAN Basketball League following a 90-79 triumph over the Westports Malaysia Dragons at the Arena in San Juan Wednesday, January 3. Behind new world ...

DNL unit receives govt approval to operate in Batangas ecozone
Business Mirror - 2018-01-04
CHEMICAL firm D and L Industries Inc. (DNL) said on Thursday its unit Natura Aeropack Corp. (NAC) received from the government a certification to operate in a special economic zone (SEZ) in Batangas. In its disclosure to the Philippine Stock Exchange the ...

Generika-Ayala re-signs Ramdin, Pilepic
Philstar - 2018-01-04
Ramdin, in fact, was known to be a very good all-around player while Pilepic provided the offensive spark when the Lifesavers nearly pulled an earthshaking upset of powerhouse Petron in the quarterfinals of the previous Grand Prix. "They are very hard ...

Seven foreign firms eye venture with PNOC for ambitious LNG hub
Business Mirror - 2018-01-04
PNOC Spokesman Ryan Tanjuatco said the proposals came from Kepco, Lloyds Energy, China National Offshore Oil Co., First Gen Corp., Energy World Corp., PT. Jaya Samudra Karunia and PT PGN LNG Indonesia/PT Bosowa Corporindo with their local partner MOF Corp ...

SBS buying 5-ha Coca-Cola property in Calamba
Inquirer - 2018-01-04
SBS Philippines Corp., a chemical trading firm which is diversifying into the property business, has signed a deal to acquire a five-hectare property with warehousing facilities used by beverage maker Coca-Cola in Calamba, Laguna, for P520 million.

Share prices zoom to record high on first trading day of new year
Business Mirror - 2018-01-04
In Photo: Philippine Stock Exchange (PSE) Treasurer Omelita Tiongo (from left), Director Amor Iliscupidez, President and CEO Ramon S. Monzon, COO Roel A. Refran and Director Alejandro T. Yu welcome the first trading day of the year 2018 with a toast at the ...

Wishing for prosperity this 2018
Philstar - 2018-01-04
Sabin Aboitiz, Aboitiz Equity Group "My wish for 2018 is for private citizens to be more involved in helping the less fortunate to minimize the poverty level of the country. Provide more opportunities for better education for the youth. The future of the ...

WATCH | FMIC lists 3 reasons - mainly arising from TRAIN law - for robust economic outlook - 2018-01-04
Because of this view, First Metro Investment Corporation (FMIC) has forecast economic growth ... In all, according to economist Victor Abola of the University of Asia and the Pacific, TRAIN is good for the country and it will not necessarily be ...

Philippine economy to grow fastest in ASEAN-5 in 2018 - First Metro
Rappler - 2018-01-04
MANILA, Philippines - First Metro Investment Corporation, the investment banking arm of Metrobank ... University of Asia and the Pacific (UA&P) economist Victor Abola said the government's P8-trillion ambitious infrastructure program, Build Build Build ...

Ayala Land raises stake in Malaysian property firm
- 2018-01-04
Property giant Ayala Land Inc. has boosted its interest in Malaysian property and construction firm MCT Bhd to 50.19 percent, in line with its vision to grow this offshore business to be a major real estate player in Malaysia.

PNB branch is first bank to reopen in post-siege Marawi - 2018-01-04
For one, the reopening of the Philippine National Bank Marawi Branch recently, the first bank to open in the city after the siege. The branch is located inside the Mindanao State University (MSU) campus. A day before it reopened, the bank was also the ...

PH urges Taiwan to protect Filipino workers
Global Nation - 2018-01-04
Ayala Land Inc., which operates hotels in Metro Manila business districts and a resort hotel in El Nido in Palawan, said Taiwanese clients were canceling their reservations. Yao, who also owns the 55-room Sol Marina on Boracay Island, said the resort hotel ...

Stocks welcome 2018 with record finish
Inquirer - 2018-01-04
The PSEi was led by conglomerate SM Investments, which rose by 5.05 percent. Metrobank and SM Prime both added more than 3 percent while Ayala Land, AGI, Megaworld and ICTSI all advanced by over 2 percent. BPI, URC and PLDT firmed up by more than 1 percent.

Union Bank's CitySavings to acquire PR Savings Bank
Philstar - 2018-01-04
CEBU, Philippines -- Cebu-based City Savings Bank, the thrift banking arm of listed Unionbank, is set to acquire 100 percent of the common shares of Philippine Resources Savings Bank (PR Savings) of the Ropali group. In a disclosure to the Philippine ...

Economic Times - 2018-01-04
Ebix trumped a bid by little-known family office Boundary Holdings, which manages wealth for London-based investor Rajat Khare, a former Educomp director. TV18, which currently holds 50% in the JV with US conglomerate Viacom Inc, will buy additional 1% for ...

Economic Times - 2018-01-04
Honda said it had entered into formal talks with Alphabet Inc's new self-driving division Waymo to add self-driving technology to its vehicles, marking the second potential customer for the automation software. GMC, the GM brand known for rugged work ...

Ramirez ends FDR GP Series campaign with a big bang
Philstar - 2018-01-03
Ramirez of FDR-Mallari Racing Team outsmarted his teammate RJ Commendador to snare the Unioil expert underbone crown as Simon Spencer Solon settled for third. Ramirez also got the novice underbone title after edging Jaycob Cabahug and Rommel Paz.

Philex hopeful on lifting ban on open pit mining
Philstar - 2018-01-03
MANILA, Philippines -- Pangilinan-led Philex Mining Corp. is scouting for potential investors for its $2 billion Silangan copper and gold project as it is optimistic that the government will lift the ban on open pit mining this quarter. "We are hoping ...

Chelsea boosting 2GO stake to 40%
Philstar - 2018-01-03
MANILA, Philippines -- Chelsea Logistics Holdings Corp. (CLC) is set to increase its ownership in logistics giant 2GO Group Inc. to 40 percent. CLC president and chief executive officer Chryss Damuy told reporters the firm is currently working on a tender ...

GFS program now in 15 regions
Philstar - 2018-01-03
MANILA, Philippines -- Globe Telecom ... and the integration of information and communications technology (ICT) in the classroom. The school also receives free Internet connectivity that teachers and students can use, free ICT equipment support such ...

Filipinos to feel impact of higher fuel tax starting mid-January
Rappler - 2018-01-03
MANILA, Philippines - Starting mid-January, Filipinos are expected to feel the impact of higher fuel excise tax rates at gasoline pumps. For now, the Department of Energy (DOE) said in a statement that the additional excise tax on fuel under the newly ...

Aboitizes buying Isabela-based PR Savings
Rappler - 2018-01-03
MANILA, Philippines - Aboitiz-led Union Bank of the Philippines (UnionBank) is acquiring Isabela-based thrift bank Philippine Resources Savings Bank (PR Savings Bank) to expand its mass market reach. Union Bank told the Philippine Stock Exchange on ...

The 4 x 4 Financial Independence Plan for Entrepreneurs
Entrepreneur - 2018-01-03
But, this foundation is critical to building a strong and sturdy "house" of investments. Unfortunately, most financial plans don't address many of these steps that must be completed before investing. Instead, Wall Street advisors focus on selling products ...

Axing deferred; is it Marina chief?
Philstar - 2018-01-03
Roque said he had no knowledge that Amaro enjoys the backing of Davao-based businessman Dennis Uy, owner of Phoenix Petroleum who is a major contributor to the presidential campaign of Duterte. Amaro was appointed to the post in July 2016. Roque said ...

The Standard - 2018-01-03
A lowly worker (above) agilely arranges cases of soda drinks at a warehouse along Kamias Road in Quezon City while workers from Bukluran ng Manggagawang Pilipino (left) troop to Mendiola Bridge near San Beda College and Centro Escolar University to protest ...