Wong-Petil duo tops doubles tilt
Business Mirror - 2017-12-29
Dan Cruz and Luigi Guerrero turned in a 72 and placed fourth at 286, while Ruperto Zaragosa and Adrian Romero skied to a 79 for fifth at 289 in the event that served as part of the PLDT Group National Amateur Golf Tour. Harmie Constantino and Joseph Orbito ...

AboitizPower unit prepays $320M loan
BusinessWorld Online - 2017-12-29
The company also has interests in renewable power generating facilities. It is also one of the core businesses under Aboitiz Equity Ventures, Inc., which has subsidiaries and affiliates in financial services, food manufacturing, real estate, infrastructure ...

Credit cards to become obsolete as e-payments reign -- FICO
BusinessWorld Online - 2017-12-29
THICK WALLETS will soon become things of the past as physical credit cards may begin to be obsolete in 2018 with digital payment schemes continually emerging, an analytics software firm predicted. In a blog shared to reporters via e-mail on Friday, Fair ...

ICTSI to use retained earnings for 2018 capex
BusinessWorld Online - 2017-12-29
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said on Friday it will use part of its unappropriated retained earnings for additional capital expenditures in 2018, as the port giant ramps up its expansion at home and abroad. "On 29 Dec. 2017 ...

Iloilo water distribution system up for rehab
Philippine Daily Inquirer - 2017-12-29
has awarded a P12.34-billion joint venture contract to a subsidiary of the Metro Pacific Investments Corp. on the rehabilitation, operation and maintenance of water distribution facilities in Iloilo City and seven neighboring towns. The 25-year contract ...

PSEi ends 2017 with new record high
Philstar - 2017-12-29
Advancers trumped decliners at 115 to 94, while 45 issues closed flat. Value turnover stood at P7.2 billion. BDO Unibank Inc. led the PSEi higher, climbing by 3.67 percent. Meanwhile, Universal Robina Corp. slipped by 2.58 percent.

Father, son find work-life balance in ag banking
West Central Tribune - 2017-12-29
Dan, 50, is the ag/business banker and senior vice president ... Ryan graduated from Fosston High School and then Concordia College in Moorhead, Minn. After college, he worked in Fargo for another banking company as a credit analyst.

PSEi ends 2017 at record-high
Inquirer - 2017-12-29
Philippine stocks ended 2017 with a bang, with the main stock barometer gaining a total of 25.1 percent for the year and posting a record finish on the final trading session as investors bet on another bullish year ahead. The Philippine Stock Exchange ...

Rise of voice, increased use of AR among key digital trends that companies should take note of in 2018, says Ogilvy
Inquirer - 2017-12-29
Ten social enterprises--small and medium businesses that are not only financially sustainable but have also made a significant impact in their communities--received recently the Sinag Accelerate 2017 award of Bank of the Philippine Islands (BPI ...

3 Metro Manila cities, 1 town ban firecrackers
Philippine Daily Inquirer - 2017-12-29
In southern metro, revelers may troop to four community fireworks display areas, including San Miguel Bay near Mall of Asia in Pasay, Solaire Resort and Casino in Parañaque, Bonifacio Global City in Taguig, and Filinvest City in Alabang, Muntinlupa.

Philippines stocks higher at close of trade; PSEi Composite up 0.27%
Investing.com - 2017-12-29
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 116 to 94 and 43 ended unchanged. Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; rising 3.67% or 5.80 to 164.00. Shares in Manila Electric Co (PS:MER) rose to 52-week ...

Mazda and Jinba Ittai
Business Mirror - 2017-12-29
At the first Jinba Ittai Academy, held inside the Bonifacio Global City in Taguig from November 23 to 26 ... who are graduates of his racing school. They made sure that all participants understood and explored the capabilities of each Mazda vehicle.

Cusi: Clean energy renewable portfolio standard will not result to higher rates for the consumers
Business Mirror - 2017-12-29
File photo of the 150-MW Burgos Wind Project in Burgos, Ilocos Norte, of the Lopez-owned Energy Development Corporation. The pursuit towards clean and renewable energy (RE) will not burden electricity consumers. This is the assurance of Energy Secretary ...

Developers to ramp up projects outside Manila
interaksyon.com - 2017-12-29
Earlier this year, Megaworld Corp. unveiled its P30-billion mixed-use development in San Fernando, Pampanga called Capital Town. The property giant said this is the first township in the north, located just 30 minutes away from Clark International Airport ...

Developers to ramp up projects outside Manila
InterAksyon - 2017-12-29
making it more stable in terms of end-user housing demand. "Completions in the fringe locations have also been rising, exerting upward pressure on overall vacancy," Collier said. Meanwhile, in Metro Manila, the residential condominium leasing market ...

The Philippines' biggest business deals in 2017
Rappler - 2017-12-29
The government had accused Mighty - the Philippines' number two cigarette manufacturer - of using fake tax stamps to get out of paying excise taxes. The Department of Finance had even described the case as the country's biggest-ever tax settlement.

Iloilo water distribution system up for rehab
Philippine Daily Inquirer - 2017-12-29
has awarded a P12.34-billion joint venture contract to a subsidiary of the Metro Pacific Investments Corp. on the rehabilitation, operation and maintenance of water distribution facilities in Iloilo City and seven neighboring towns. The 25-year contract ...

Iloilo water distribution system up for rehab
Philippine Daily Inquirer - 2017-12-29
has awarded a P12.34-billion joint venture contract to a subsidiary of the Metro Pacific Investments Corp. on the rehabilitation, operation and maintenance of water distribution facilities in Iloilo City and seven neighboring towns. The 25-year contract ...

PSE index tracks regional markets, closes above 8,500
Inquirer - 2017-12-28
There were slightly more advancers (107) than decliners (105). The PSEi was boosted by Metrobank, which rose by 3.94 percent, while Jollibee gained 2.09 percent. Ayala Land, BDO, Semirara and URC all added over 1 percent while GT Capital, BPI, JG Summit ...

Villar Group earmarks P175 B for 3-year capital expenditures
Philstar - 2017-12-28
MANILA, Philippines -- The Villar Group of Companies is setting aside P175 billion for capital expenditures up to 2020, its chairman said. The conglomerate founded by tycoon Manuel Villar Jr. will use the amount to expand its real estate, retail ...

Faceless P100 bills blamed on printing machine glitch
Philstar - 2017-12-28
The bills were withdrawn from the automated teller machines of Ayala-led Bank of the Philippine Islands (BPI), resulting from a glitch in one of its printing machines. These notes were delivered just last month. Carlyn Pangilinan, managing director of the ...

LOOK | University in Butuan spearheads CDO relief drive on Christmas eve
interaksyon.com - 2017-12-28
Jeffrey Clarin, chief executive officer of the FSUU foundation Inc., revealed that two trucks from a construction company in Butuan City ... several containers of much needed water. We received a donation from Caritas Manila of about 1,032 family packs ...

PSEi notches new peak before 2017 ends
BusinessWorld Online - 2017-12-28
but also for real estate, continuous investment in BPOs (business process outsourcing) and hotels, which are a form of dollar revenues for the Philippines," First Metro Securities Brokerage Corp. Market Education Consultant Alexander N.N. Gilles said in ...

BSP blames machine error for faceless bills
BusinessWorld Online - 2017-12-28
The BSP was made aware of the case after Facebook user Earla Anne Yehey posted photos of these defective bills online, which she said she got from a Bank of the Philippine Islands (BPI) ATM. Ms. Pangilinan described this as an "isolated case," adding ...

DICT gearing up for resistance to frequency redistribution
BusinessWorld Online - 2017-12-28
Rio, Jr. said 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. "We will come up with a more equitable allocation of frequencies ...

Villar group sets P175-B capex for next 3 years
BusinessWorld Online - 2017-12-28
Companies under the Villar group include Vista Land & Lifescapes, Inc. (VLL), Starmalls, Inc., Golden Haven, Inc., all three of which are listed at the Philippine Stock Exchange, and All Value Holdings, Corp., which serves as the holding firm for his ...

Maynilad allocates P375 million for Angat-Umiray tunnel rehabilitation
BusinessWorld Online - 2017-12-28
Metro Pacific Investments Corp., which has a majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial ...

MRC Allied targets 10,000 MW of clean energy in 10 years
BusinessWorld Online - 2017-12-28
MRC ALLIED, Inc., which diversified into energy development early this year, plans to invest between P80 billion and P100 billion in the next 10 years to achieve its aspirational goal of putting up 10,000 megawatts (MW) of power capacity. "We are looking ...

Shares post gains as window dressing continues
BusinessWorld Online - 2017-12-28
The Philippine Stock Exchange index (PSEi) ended Thursday's trading at 8,535.09. -- Photo: Philippine Stock Exchange, Inc. STOCKS continued to climb on Thursday, pushing the Philippine Stock Exchange index (PSEi) to a fresh peak, as window dressing ...

Developers confident property bubble still not on the horizon
Business Mirror - 2017-12-28
Fortunately for Philippine developers, the sector has at least two reasons not to worry about seeing a property bubble in the near future--the rapidly rising online-gaming industry and the ever-reliable business ... up shared services in the Philippines.

Year in review - January through April
Daily Journal Online - 2017-12-28
Hoping to create an annual gymnastic event, Parkland Gymnastics and Metro Gymnastic Meets (MGM ... checks for $33,500 each to representatives from the Farmington Ministerial Alliance and St. Vincent de Paul Food Pantries. The question of where a new ...

Most Asian currencies up; S. Korean won hits over 2 year high
Economic Times - 2017-12-28
It is a "combination of positive fundamental factors for the peso, namely, optimism regarding the passage of the tax plan, better-than-expected data of late, and strong seasonal inflows," said Jason Manalac, a trader at Philippine Bank of Communications.

PSEi closes at new all-time high, peso strongest in 6 months
Philstar - 2017-12-28
Metrobank and Jollibee, which rose by 3.94 percent and 2.09 percent, respectively, helped push the PSEi higher while SM Investments, SM Prime Holdings and Ayala Corp. declined. Meanwhile, the peso closed at P49.98 against the greenback, 6 centavos stronger ...

Local stocks track regional rally
Inquirer - 2017-12-28
Market breadth was neutral as there were nearly as much decliners (104) as advancers (103). The PSEi was led higher by BDO, URC, Ayala Land, SM Prime, Ayala Corp. and Metrobank, which all gained more than 1 percent. SM Investments, GT Capital, Jollibee ...

Peso touches 49:$1 level on increased forex inflow
Inquirer - 2017-12-28
The total volume traded slid to $523.1 million from $740.8 million last Friday. In a note to clients, Metrobank Research said it expected the peso-dollar pair to trade within the range of 49.80-50.50 to $1 this week. For Bank of the Philippine Islands vice ...

10 most viewed INQUIRER.net stories for 2017
Philippine Daily Inquirer - 2017-12-28
363,571 page views 4. 7-Eleven franchising package made affordable at P300,000 : Business enthusiasts rejoiced last June after 7-Eleven announced that it would only cost P300,000 to have a franchise of its convenience store. Its operator, Philippine ...

The 2017 Passionate Fan Pinoy Football Awards
Rappler - 2017-12-28
Kudos to they players for their sensational effort. See the highlights here. And then a week later Global went into the PFL semis as the fourth seed against top-seeded Meralco. They were unable to secure their home pitch so both legs needed to be played in ...

Peso touches 49:$1 level on increased forex inflow
Inquirer - 2017-12-27
The peso on Wednesday touched the 49:$1 level before closing at 50.04, 10 centavos stronger than it was before the Christmas holiday break. At the Philippine Dealing System, the peso reached an intraday high of 49.96 and a low of 50.05 to $1 after opening ...

Meralco unit to invest P3.5 B for 2 power projects
Philstar - 2017-12-27
MANILA, Philippines -- The power generating unit of Manila Electric Co. (Meralco) has invested P3.5 billion for its two power projects currently under development, company officials said. Meralco PowerGen Corp. (MGen) president and CEO Rogelio Singson ...

The dream IPOs
Philstar - 2017-12-27
... IPO is the planned public offering of Metro Pacific Hospital Holdings Inc. (MPHHI), the healthcare group of Metro Pacific Investments Corp. (MPIC). The market is waiting for this and is quite excited, said my source. When I asked David Nicol ...

YearEnder: Budget reforms reduce underspending in 2017
Philstar - 2017-12-27
Other agencies receiving a large portion of the budget next year include the Department of Interior and Local Government (P170.76 billion), Department of National Defense (P149.7 billion), and the Department of Social Welfare and Development (P141.81 ...

Hero emerges in Davao city NCCC Mall blaze
Philstar - 2017-12-27
Another group of BPO workers - the Secured and Healthy Initiative ... President Duterte has assured families of the victims - mostly agents of the American call center SSI - that the truth would be known as to what caused the fire and who could ...

Peso touches 49:$1 level
Inquirer - 2017-12-27
The total volume traded slid to $523.1 million from $740.8 million last Friday. In a note to clients, Metrobank Research said it expects the peso-dollar pair to trade within the range of 49.8-50.5:$1 this week. For Bank of the Philippine Islands vice ...

WATCH | Man falls to his death from Makati high rise
interaksyon.com - 2017-12-27
A small crowd milled about at the corner of Ayala Avenue and Rufino Street in Makati City at 9 a.m. Wednesday morning, puzzling over the fatal fall of a man from an upper floor of PBCom Tower. The man died instantly from the fall, and was later initially ...

WATCH | Man falls to his death from Makati high rise
InterAksyon - 2017-12-27
A small crowd milled about at the corner of Ayala Avenue and Rufino Street in Makati City at 9 a.m. Wednesday morning, puzzling over the fatal fall of a man from an upper floor of PBCom Tower. The man died instantly from the fall, and was later initially ...

San Lorenzo Group, Prime Metro Power Holdings team up for water project
Philstar - 2017-12-27
MANILA, Philippines -- The San Lorenzo Group, led by businessman Oscar Violago, and Prime Metro Power Holdings Corp. have agreed to form two joint venture companies in the water business. One is the Wawa JVCo which will construct and establish facilities ...

Government to abolish Philippines Aerospace Development Corp
Philstar - 2017-12-27
The state-owned corporation is also mandated to engage in the maintenance, repair or overhaul and modification of aerospace and associated equipment to provide technical services and support to the Philippine Air Force, the national airline, foreign ...

Worker dies after falling from Makati building
Philstar - 2017-12-27
MANILA, Philippines -- A construction worker died after allegedly falling from the seventh floor of the PBCom tower in Barangay Bel-Air in Makati yesterday morning. Police identified the fatality as Valaroso Rissan, a worker of MegaCity General ...

Monsalve-Uy tandem tops 4-ball for 2-stroke lead
Business Mirror - 2017-12-27
Aniceto Mandanas-Carlo Quimson and Clare Legaspi-Felicia Medalla each shot 66s and stood seven shots behind in the event serving as part of the PLDT Group National Amateur Golf Tour. Siblings Aldo and Paqo Barro made a 67, while the Annika Guangko-David ...

IFC eyes more tourism exposure
- 2017-12-27
By Elijah Joseph C. Tubayan Reporter THE INTERNATIONAL Finance Corp. (IFC) is looking to expand exposure to Philippine tourism given the sector’s “huge potential” to generate jobs especially in the provinces, a ranking official of the World Bank Group unit said. “Tourism is something that we’d like to do a lot more in the Philippines …