Seda hotel chain eyes 3,500 rooms in 15 locations by 2019
Business Mirror - 2017-12-31
Ayala Land Inc., through Ayala Land Hotels and Resorts Corp., plans to ramp up the rollout of its Seda hotel brand to more than double capacity to 3,500 rooms by 2019, as it rides the tourism boom. Senior group General Manager Andrea Mastellone said the ...

Ladies golf tour on
Business Mirror - 2017-12-31
But the 19-year-old rising star is expected to have recovered, ready to slug it out with her fellow fancied Filipinas and a slew of Thais out to extend their domination of the tour backed by Custom Clubmakers, BDO, Meralco, Sharp, KZG, PLDT, Champion ...

Keystone habit
Business Mirror - 2017-12-31
Nonetheless, there is so much to be thankful for. These people include pastors Niels, Gary and Ernie, who have provided me spiritual guidance as I walk in faith; my immediate bosses in Philippine Airline, Jimmy and Stewart and colleagues in senior ...

Gokongwei Brothers Foundation celebrates 25th year
Inquirer - 2017-12-31
Gokongwei Brothers Foundation (GBF) is celebrating its 25th anniversary with a commitment to making a lasting impact on education in the Philippines ... of the De La Salle University Gokongwei College of Engineering (DLSU-GCOE). At present, three ...

Deadly NY blaze sparked by boy playing with stove
Philippine Daily Inquirer - 2017-12-31
Four people remain in a critical condition following the inferno, which Mayor Bill de Blasio called the "worst fire tragedy we have seen in this city in at least a quarter century ... lost their homes, lost everything, and we grieve with them."

Marawi rehab program wins support
Inquirer - 2017-12-30
Other companies that have pledged their support include: Udenna Corp, Ayala Foundation, PLDT/Smart, Aboitiz Group, Jollibee Foods Corp, Pepsi Cola Philippines, FF Cruz, Meralco, Coca Cola, World Vision, Oxfam, Cebuana Lhuillier, San Miguel Foundation ...

Purchasing power over real property
Inquirer - 2017-12-30
"On weekdays, throngs of Filipino men in the Rizal Park (popularly known as Luneta) congregate near booths of manning agencies which recruit workers to be deployed on foreign ships," wrote Jean Encinas-Franco of the University of the Philippines ...

Fukushima looks to top-tier sake to beat stigma, lift econ
Business Mirror - 2017-12-30
Many of the 50,000 people forced to leave their homes have no plans to return ... raising the bar for the entire prefecture. At one three-century old brewery, the focus is now on using organic rice, while at another an older, more time-consuming technique ...

Metrobank gets BSP nod to buy out ANZ stake in credit card venture
Inquirer - 2017-12-30
Local banking giant Metropolitan Bank & Trust Company has obtained approval from the Bangko Sentral ng Pilipinas to proceed with its buyout of a 40-percent stake in financing firm Metrobank Card Corp. (MCC) from partner ANZ Funds Pty Ltd. Metrobank ...

Phinma, PSALM end row over Leyte plant
Inquirer - 2017-12-30
In November 2013, Phinma Energy--then named Trans-Asia Oil and Energy Development Corp.)--was declared one of the winning bidders with the right to administer 40 MW "strips of energy" from the ULGPP. In the same month, Supertyphoon "Yolanda" hit ...

Power consumers should brace for TRAIN impact
Business Mirror - 2017-12-30
Moreza said the additional power projects are on track and should be mostly online in the first half of 2018. For Alsons Consolidated Resources Inc. (ACR), company vice president for business development Joseph Nocos stressed that coal still accounts for a ...

2017: A Year of Mobilizing Science for the People
Bulatlat - 2017-12-30
The year 2017 was a historic period for the science and technology movement not just in the Philippines, but around the world. Amid the continuing neglect of scientific development, expanding privatization of public utilities, attacks on science ...

20 biggest business news of 2017
The Standard - 2017-12-30
The year 2017 proved to be both challenging and exciting for the business sector, given the policy reforms and economic developments that shaped the local market. The Philippines emerged as one of the fastest growing economies in the world in 2017, which ...

King Sisig Royal embarks on rapid expansion
The Standard - 2017-12-30
"Our strongest King Sisig branches are located at Isetann, Metropoint, and Ever Gotesco. For Bulalo World, Dasmarinas, Isetann and Metropoint are our prime, high-performing footholds," Iso said. As King Sisig Royal takes an even bolder leap to further ...

DOTr expects new MRT3 maintenance provider by May 2018
Rappler - 2017-12-30
The DOTr earlier granted the original proponent status to the Metro Pacific Investments Corporation (MPIC) group for the rehabilitation, operations, and maintenance of the MRT3. The unsolicited proposal is now up for review of the National Economic and ...

Broadcasting firm diversifying into hotel, resort business
Inquirer - 2017-12-30
Radio broadcasting group Manila Broadcasting Co. (MBC) is diversifying into the hospitality and leisure estate business by taking a controlling interest in affiliate Elizalde Hotels and Resorts Inc. (EHRI). In a disclosure to the Philippine Stock Exchange ...

Philippine antitrust watchdog, conglomerates on collision course
Nikkei Asian Review - 2017-12-30
The latter is responsible for issuing business permits and price monitoring. With PCC stepping up enforcement, large Philippine businesses can expect greater antitrust regulation and enforcement. "We will be quite busy firming up our working relationship ...

The Nation - 2017-12-29
Abandoned N13bn in Lagos apartment and Financial Crimes Commission ... Monkey pox in an 11-year-old male patient who presented to the Niger Delta University Teaching Hospital (NDUTH) in Yenagoa, Bayelsa State. Subsequently, 11 other cases were identified.

OFW tales
Philstar - 2017-12-29
Some of them would ask, "What is a bright, young man with university degrees abroad doing in a country ... So at home, in this poor but beautiful country, I stayed most of my life, except for brief scholarships abroad. I stayed for one year in Malaysia ...

DOTr seeks new firm for MRT-3 maintenance
Philstar - 2017-12-29
Metro Pacific Light Rail Corp., a unit of infrastructure giant Metro Pacific Investments Corp. (MPIC), has submitted a proposal to rehabilitate, as well as operate and maintain the MRT-3. Under the proposal, the firm would invest P12.5 billion for the ...

Villar group sets 3-year capex at P175B
Inquirer - 2017-12-29
"We still have room for a public offering by Starmalls; Vista Land could raise more from bonds," he said. The Villar Group is also preparing for the stock market debut of its retail businesses, either all under holding firm All Value or individuall

Ayala Land expanding Seda hotel brand
Rappler - 2017-12-29
At present, Seda Hotel is located in Bonifacio Global City, Cagayan de Oro, Davao City, Nuvali in Laguna, Iloilo City, Quezon City ... Arca South in Taguig; the Cebu Business Park; Ayala North Exchange in Makati; Bay Area in Paranaque; and the Cebu ...

Discover the allure
Inquirer - 2017-12-29
Discovery World Corp. (DWC) is the owning company of Discovery Shores Boracay. For reservations, visit Don't miss out on the latest news and information.

Aboitiz pays $320 million to settle loan
Philstar - 2017-12-29
MANILA, Philippines -- Aboitiz Power Corp. has paid nearly half of its $650-million loan which was used to partly finance the acquisition of two GNPower coal-fired power plants in Bataan. The company said its wholly-owned subsidiary Therma Power Inc. (TPI ...

Nature-inspired leisure city
Philstar - 2017-12-29
A 201-hectare master-planned and eco-centric community, Filinvest Mimosa+Leisure City is seen to transform the business, tourism and real estate industry in Clark ... Managing director for Happy Living Philippines Corp. Katherine Yao-Santos chose four ...

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 ParaƱaque, Bonifacio Global City in Taguig, and Filinvest City in Alabang, Muntinlupa.

Philippines stocks higher at close of trade; PSEi Composite up 0.27% - 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 - 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 - 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 ...