Planned Manila Bay rehab drags down property stocks
CNN Philippines - 1 month ago
Metro Manila (CNN Philippines, January 16) -- The property sector took a serious a hit from the government's planned Manila Bay rehabilitation. The Philippine Stock Exchange fell to 7,864.7 ...

DOJ denies Rappler Holdings and Maria Ressa appeal over tax charges
Rappler - 1 month ago
MANILA, Philippines - The Department of Justice (DOJ) has denied the appeal of Rappler Holdings Corporation and its president Maria Ressa over 4 counts of alleged failure to supply correct information in the tax returns, and one count of tax evasion.

Globe Business bolsters free WiFi project of Tuguegarao city
Inquirer Technology - 1 month ago
Globe Business, the enterprise information and communications technology (ICT) arm of Globe Telecom, and the City Government of Tuguegarao have entered into a strategic partnership to provide fast ...

Globe Telecom, CAP back proposed Philippine Online Infringement Act
Inquirer Technology - 1 month ago
As a leading advocate against online piracy through #PlayItRight, Globe Telecom, along with the international Coalition Against Piracy (CAP), expressed its positive support for the proposed bill ...

Meet four selfless Filipinos who are heroes in their own rights - 1 month ago
It aims to educate the people about the importance of marine life, while protecting the Mother Earth. He enlightened the residents ... He established Team Lakay, a sports center that aims to help young aspiring athletes. Though the group, he also hopes ...

SE Asia Stocks-Philippines slumps, most others subdued
Reuters - 1 month ago
Shares of index heavyweight SM Prime Holdings Inc tumbled 5.9 percent, after a media report here stated the Secretary of Department of Interior and Local Government had said the reclamation projects in the Manila Bay should be scrapped for the area's ...

PH stocks buck regional uptrend
Inquirer - 1 month ago
Conglomerates SM Investments and GT Capital also fell by more than 1 percent. BDO, JG Summit, Ayala Corp. and LTG also ended lower. On the other hand, BPI gained 2.07 percent after reporting that ...

Low inflation, high growth seen this year
Inquirer - 1 month ago
The Philippines will likely return to a high-growth, low-inflation regime this year, allowing the local stock barometer to recover to as high as 8,800 after a challenging period last year, local ...

Michael Angelo: No such animal as self-made man - 1 month ago
and Entrepreneur School of Asia. I was also a host of Go Negosyo on PTV 4. One time, I went to the Philippine General Hospital (PGH) and they were screaming, "Artista!" I wondered why. They told me that PTV 4 is a government station kaya walang lipatan.

FMIC, UA&P economists sketch better 2019 picture
BusinessWorld - 1 month ago
THE PHILIPPINE ECONOMY should see better times in 2019, with growth seen picking up as prices and borrowing costs decline, analysts at First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said on Tuesday. The analysts were ...

Senate probe sought on Rockwell bridge restoration
CNN Philippines - 1 month ago
CCCC is the designated successor entity to the China Road and Bridge Corporation (CRBC), which the World Bank blacklisted for eight years for allegedly rigging the bidding of the project.

Serena back as if she never felt
BusinessMirror - 1 month ago
The two players have homes near each other in a gated community ... to break a tie with Steffi Graf for the most in the half-century professional era. Her baby, Olympia, was born on September ...

Mayoralty bet eyes tourism for employment, economy
Sun Star - 1 month ago
Describing its vision for the CRK, Josephine Gotianun-Yap, president and chief executive officer of the Filinvest Development Corporation (FDC), one of the firms that comprise the NLAC, said that transforming "the CRK into a world-class airport will help ...

FMIC: Capital raising from debt, equities markets to recover in 2019
BusinessMirror - 1 month ago
The Philippine Stock Exchange (PSE ... All the big banks have already raised capital from Metrobank, BPI, RCBC, and even worse now, bank bonds now have been approved, so everybody go to the ...

BPI, Tongdun Intl partner to help PHL SMEs have access to financing
BusinessMirror - 1 month ago
THE Bank of the Philippine Islands (BPI) has signed a memorandum of understanding (MOU) with Tongdun International Pte. Ltd. (Tongdun International), to create a credit scoring model to allow more ...

AboitizPower ends contract with Hanjin unit
BusinessWorld - 1 month ago
ABOITIZ Power Corp. walked away from offering a retail electricity supply contract to Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) ahead of the expiration of their one-year contract in February this year, sparing the energy ...

Allianz PNB to set up agency office in Oro
Sun Star - 1 month ago
THE German-based insurance company, Allianz, in partnership with the Philippine National Bank (PNB) will establish its permanent office in Cagayan de Oro City this year. According to Noel Ellorenco, the chief agency officer of Allianz PNB Life, they have ...

Dow Shakes Off Weak JPMorgan Earnings, Nasdaq Surges After Netflix Price Hike - 1 month ago
Equities also got a lift ... The stock declined 1.1%. The company expects earnings in its first quarter of 70 cents to 90 cents a share, below forecasts of 92 cents. JPMorgan and UnitedHealth are holdings in Jim Cramer's Action Alerts portfolio.

Metrobank supports FFCCCII Marawi dome project & Operation Barrio Schools
BusinessWorld - 1 month ago
Metrobank Group Chairman Arthur Ty-accompanied by Metrobank president Fabian Dee and Metrobank Foundation President Chito SobrepeƱa-on January 10 turned over donations totaling P4 million pesos to Federation of Filipino Chinese Chambers of Commerce ...

Elections, infra push to boost PH economy in 2019 - First Metro
Rappler - 1 month ago
MANILA, Philippines - Infrastructure projects, improved consumer spending, and the upcoming elections will help boost the economy in 2019, Metrobank's investment arm First Metro Investment Corporation said on Tuesday, January 15. First Metro said the ...

JPMorgan Chase, Wells Fargo, Ford, Volkswagen and PG&E - 5 Things You Must Know - 1 month ago
Equities had been much higher during the premarket ... a person familiar with the company's plans told CNBC. Comcast is a holding in Jim Cramer's Action Alerts portfolio. Want to be alerted before Jim Cramer buys or sells CMCSA? Learn more now.

Hanjin crisis threatens banks' credit ratings - Moody's
Rappler - 1 month ago
Moody's said the $412-million loan exposure is a credit negative for the Bank of the Philippine Islands (BPI), Land Bank of the Philippines (Landbank), Metrobank, Rizal Commercial Banking Corporation (RCBC), and BDO Unibank, because they will need to incur ...

Hyundai greets 2019 with its JANpacked Promo - 1 month ago
This explosive January promo is made possible by Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai passenger cars and commercial vehicles in the Philippines, in partnership with: BPI, Security Bank, RCBC, PNB, Chinabank, Maybank ...

Tuguegarao City taps Globe to bolster free WiFi project - 1 month ago
The local government of Tuguegarao City in Cagayan has signed up Globe Business, the enterprise information and communications technology (ICT) arm of Globe Telecom, to boost its free WiFi ...

Better in 2019: What a year taught young activists
Bulatlat - 1 month ago
There is also a decline in manufacturing data from China as figures have hit a two-year low ... and their schools have also helped establish the Lumad school in Metro Manila and the campout of the striking workers of the Sumifru company.

Consumers brace for higher oil prices, new round of fuel tax
Philippine Daily Inquirer - 1 month ago
Shell, Caltex, PTT, Eastern, Total, Unioil and Seaoil announced an increase of P2.30 per liter of diesel and P1.40 per liter of gasoline. Shell, Seaoil and Caltex also increased prices of kerosene ...

Local court puts Hanjin Subic on receivership
BusinessMirror - 1 month ago
However, it barred HHIC-Phil from "selling, encumbering, transferring, or disposing in any manner any of its properties except in the ordinary course of its business," as well as from ...

Okada asks PSE to block the backdoor listing of Tiger Resorts
BusinessMirror - 1 month ago
Okada earlier said the cases filed against him at the local courts were meant to tarnish his reputation in the business community. "How can I defraud the company that I own? I deplore these base ...

Gas prices going up by P1.40 a liter, 2nd in 2019
BusinessMirror - 1 month ago
Of these, 369 outlets are from Petron Corp., 46 from Pilipinas Shell Petroleum Corp. and 29 from Flying V. The Department of Energy expects bulk of the 8,600 service stations nationwide to ...

Palace plays down risk from Chinese takeover of Hanjin
BusinessMirror - 1 month ago
In his post on Saturday, former Navy chief Pama said that the public should be aware that the "Hanjin shipyard issue is not just about business, financial and other economic issues," as he str ...

World news just for you
BusinessMirror - 1 month ago
Except unfortunately, this time, "Clouds loom over global business as Chinese economy falters." "The Jeff Bezos divorce: $136-billion and Amazon in the middle." How many times have you ...

Maynilad help sought for Manila Bay cleanup
BusinessWorld - 1 month ago
THE Department of Environment and Natural Resources (DENR) has asked Maynilad Water Services, Inc. to participate in the cleanup of Manila Bay, including the company ... and Sewerage System (MWSS) for the west zone of the greater Manila area.

CityMalls partners with WWF-Philippines
BusinessWorld - 1 month ago
In a disclosure to the stock exchange on Monday, the subsidiary of DoubleDragon Properties Corp. said it signed a memorandum of agreement with WWF-Philippines to "help boost projects that promote and demonstrate renewable energy use, low carbon ...

Far Eastern University profits jump 81% in 2nd quarter
BusinessWorld - 1 month ago
FAR Eastern University, Inc. (FEU) reported an 81% rise in attributable net income to P462.631 million in the second quarter ending Nov. 30, due to a surge in college freshman enrolees. In a regulatory filing on Monday, the listed university said its ...

ICTSI gets 1st 4 orders of rubber-tired gantries
BusinessMirror - 1 month ago
THE flagship facility of International Container Terminal Services Inc. (ICTSI) in Manila has received the first four of its 16 orders of eco-friendly hybrid rubber-tired gantries (RTG), which ...

Gokongwei Innovation Center opens at DLSU
BusinessWorld - 1 month ago
THE John Gokongwei, Jr. Innovation Center (JGIC), located within the De La Salle University (DLSU) Laguna campus, aims to become a hub for multimedia gaming and interactive entertainment in Southeast Asia. It currently houses the Philippine studio of ...

PSEi reaches 9-month high
CNN Philippines - 1 month ago
Metro Manila (CNN Philippines ... All indices ended in the green, with industrial, holding firms and property leading with 245.99 points (2.14 percent), 127.90 points (1.62 percent), and 50.65 ...

Dennis Uy's Phoenix Petroleum, China's CNOOC get nod for LNG terminal
Rappler - 1 month ago
The Department of Energy grants Tanglawan Philippines LNG Incorporated the notice to proceed to build a liquefied natural gas terminal in Batangas In a disclosure to the Philippine Stock Exchange, Phoenix Petroleum said the Department of Energy (DOE ...

Power rates decrease in January
Philippine Daily Inquirer - 1 month ago
MANILA, PHILIPPINES, 8th January 2019 - To start the new year, the Manila Electric Company (MERALCO) announced today that overall electricity rates decreased to P9.8385 per kWh this month ...

Spurring the economy in the barangay
Sun Star - 1 month ago
FOR an official of a telecommunications company, connectivity can improve economic activity of a far-flung area. Globe Telecom director for external affairs for Visayas and Mindanao Patrick Gloria said the growth of subscribers was one of the reasons that ...

Big-time oil price hike set for January 15
Rappler - 1 month ago
MANILA, Philippines - Pump prices are set to spike on Tuesday, January 15, as oil-producing countries like Saudi Arabia cut their output to prevent oversupply. Shell, Petron, Caltex, Flying V, Unioil, Seaoil, Total, PTT Philippines, Eastern Petroleum ...

Philippine stocks finally climb to 8,000
Rappler - 1 month ago
MANILA, Philippines - After a long wait, the Philippine Stock Exchange index (PSEi) finally climbed to the 8,000 level on Monday, January 14. The index closed at 8,024.14 points, up by 1.52% from the level last Friday, January 11. Volume turnover was at ...

Why hotel and property owners should partner with RedDoorz Philippines
Rappler - 1 month ago
The Singapore-based company has been growing in leaps and bounds, increasing its business through its presence in more than 30 cities and 500+ properties across four countries in Southeast Asia, namely Indonesia, Singapore, the Philippines, and Vietnam.

Banks downplay Hanjin crisis impact
Rappler - 1 month ago
MANILA, Philippines - The biggest loan default in Philippine history will have minimal impact on the public, according to banks and government regulators. Five of the country's largest banks have a combined loan exposure of $412 million after Hanjin ...

The outlook of the Philippine real estate industry in 2019
Inquirer - 1 month ago
The Philippine real estate industry is forecast to maintain its growth and remain resilient in 2019. This is based on research and data gathered by industry leader JLL which reported an upward ...

DOJ: Bangladesh Bank heist case not yet closed - 1 month ago
customer service head for Jupiter business center Romualdo Agarrado and senior customer relations officer for Jupiter business center Angela Ruth Torres has not been resolved by the DOJ. "There is no resolution yet from the preliminary investigation earl ...

Financial shock
Inquirer Opinion - 1 month ago
Five financial institutions -- Rizal Commercial Banking Corp., Land Bank of the Philippines, Metropolitan Bank and Trust Co., Bank of the Philippine Islands, and Banco de Oro Universal Bank -- have a combined loan exposure of $412 million, most of it ...

Minimal risk seen from Hanjin crisis
Inquirer - 1 month ago
The central bank explained that, with its robust capitalization, the Philippine banking system was well-positioned to manage the loan exposure, which represented 0.24 percent of total loans of the ...

Market tries to swim around Hanjin-caused iceberg
Inquirer - 1 month ago
"Having said that, the market may take the Hanjin default to take profit or sell banks and their parent firms (conglomerates Ayala Corp., SM Investments and GT Capital). Profit-taking actions on ...

Ship returning South Korea garbage now at Misamis port -- solon
Global Nation - 1 month ago
The re-exportation of the waste to South Korea was due to the failure of the consignee, Verde Soko Philippines Industrial Corp., to secure an import permit from the DENR and for its misdeclaration ...