Late charge gives Princess Superal share of lead
Philstar - 2017-12-20
carded a 71 for a 144, and Thai Sarinee Thitiratanakorn bounced back with a 70 to tie Marv Monsalve, who limped with a 76, at 146 in the event backed by Custom Clubmakers, BDO, Meralco, Sharp, KZG, PLDT, Champion, Summit Mineral Water and K&G Golf.

NPA nod not needed to declare ceasefire
Philstar - 2017-12-20
There are now at least 344 weekly flights operated by Asiana Airlines, Philippine Airlines and PAL Express, Cathay Dragon, Cebu Pacific and CebGo, Qatar Airways, Emirates, Jinair, JetStar, Scoot (formerly Tiger Airways), Philippines AirAsia, and Air Swift.

Ombudsman orders filing of graft case vs 4 ERC commissioners, former chair
CNN Philippines - 2017-12-20
Ana -- to be suspended for a year without pay. They are accused of giving undue favor to electrical power distributor Manila Electric Co. (Meralco) and its sister company by exempting them from a required Competitive Selection Process (CSP) in 2016.

Dennis Uy snaps up H2O Ventures
BusinessWorld Online - 2017-12-20
DAVAO-BASED businessman Dennis A. Uy continues his acquisition spree with the purchase of shares in Philippine H2O Ventures Corp. (H2O) worth P327.75 million, in a potential backdoor listing move by his property firm. In a disclosure to the stock ...

Petron to start refinery expansion by next year
BusinessWorld Online - 2017-12-20
PETRON Corp. is expanding the capacity of its petroleum refinery in Limay, Bataan, which would bring its output to 270,000 barrels daily by 2019, its president said. Ramon S. Ang, who is also Petron chief executive officer, said the San Miguel Corp ...

Megawide-GMR to begin intensive construction in Jan. for Clark terminal
BusinessWorld Online - 2017-12-20
THE CONSORTIUM of Megawide Construction Corp. and Bangalore-based GMR Infrastructure Ltd. said that construction of the Clark International Airport (CIA) new terminal will be "in full swing" next month with completion expected after 28 months.

PHL journey to digital transactions needs faster vehicles
Business Mirror - 2017-12-20
ONE of these fintechs is Mynt, a subsidiary of Globe Telecom Inc. Albert Tinio, president of GCash, the micropayment service company of Mynt, believes that ordinary Filipinos can now avail themselves of affordable financial products and services like ...

Manila Water to obtain P2.4-B loan from BPI
BusinessWorld Online - 2017-12-20
MANILA WATER Co., Inc. said its subsidiary serving Boracay island had signed a P2.4-billion loan agreement with the Bank of the Philippine Islands (BPI) in part to cover its five-year budget. The unit -- Boracay Island Water Co., Inc. -- signed the ...

AC Energy inks Citicore deal
BusinessWorld Online - 2017-12-20
AC ENERGY Holdings, Inc. has forged a power supply agreement with retail electricity supplier Citicore Energy Solutions, Inc. (CESI), the energy development unit of Ayala Corp. said. In a statement, AC Energy quoted CESI President Manolo T. Candelaria as ...

Metro Pacific secures P10-B loan facility
BusinessWorld Online - 2017-12-20
In a disclosure to the stock exchange on Monday, the infrastructure conglomerate said it has entered into separate agreements with BDO Unibank, Inc. and Union Bank of the Philippines. MPIC will be taking 10-year fixed rate term loan worth P5 billion from ...

Ombudsman suspends ERC commissioners for a year
Rappler - 2017-12-20
MANILA, Philippines - The Office of the Ombudsman has suspended 4 commissioners of the Energy Regulatory Commission (ERC) due to what it alleges to be anomalous transactions involving the Manila Electric Company (Meralco). In a decision released on ...

Cebu airport operator bags construction deal for new Clark terminal
Rappler - 2017-12-20
MANILA, Philippines - The group of publicly-traded Megawide Construction ... announced they have awarded the engineering, procurement, and construction (EPC) deal for the Clark airport to the Megawide group after it offered the "lowest calculated ...

Meralco sells majority stake in insurance firm
The Standard - 2017-12-20
Pioneer Insurance & Surety Corp. invested in a 51 percent stake in Republic Surety and Insurance Co. Inc. that will bring the holdings of Manila Electric Co. to a minority. Republic was a wholly-owned non-insurance subsidiary of Meralco prior to the entry ...

Stocks end flat; PLDT, Semirara bounce back
The Standard - 2017-12-20
The stock market closed virtually flat Wednesday, as investors took a breather following recent gains. The Philippine Stock Exchange Index lost 3.35 points, or 0.04 percent, to 8,362.61 on a value turnover of P5.3 billion. Losers beat gainers, 110 to 84 ...

MPIC gets P10-b loans from BDO, Union Bank
The Standard - 2017-12-20
The company is spending P653 billion on pipeline ... P21 billion for Manila Electric Co., P17 billion for Light Rail Manila Corp. and P6 billion each for Maynilad Water Services Inc. and the logistics and hospital units. To partially finance its 2018 ...

Nickel Asia, unit not giving up mining on Manicani
Business Mirror - 2017-12-20
EXECUTIVES of Nickel Asia Corp. (NAC) and subsidiary Hinatuan Mining Corp. (HMC) said they are not giving up mining on Manicani Island. This, as antimining protesters opposing the application by NAC and HMC to reopen its suspended operations on the island ...

Petron to spend $3.5 billion for refinery expansion
Business Mirror - 2017-12-20
Petron President and CEO Ramon S. Ang said the expansion of the facility starts next year and could be finished by 2019. "We will be adding another 90,000 bpd from 180,000 bpd. We will be hitting 270,000 bpd," said Ang, referring to the $1.5-billion ...

Philippines' PLDT readies 'historic' spending as China Telecom looms
Nikkei Asian Review - 2017-12-20
MANILA -- Philippine telecommunications leader PLDT is preparing a "historic" capital expenditure of nearly 50 billion pesos ($992.4 million) next year to upgrade its fixed-line and wireless infrastructure, CEO Manuel Pangilinan said on Wednesday, as China ...

Superal ties Thai
Business Mirror - 2017-12-20
Princess Superal birdied the last three holes in impressive fashion as she saved a two-over 69 and tied a charging Yupaporn Kawinpakorn of Thailand in the second round of the International Container Terminal Services Inc. (ICTSI) South Forbes Ladies ...

Marawi evacuees enjoy nourishing meals with Alagang Kapatid Foundation
interaksyon.com - 2017-12-20
Photo by Alagang Kapatid Foundation. The feeding project was mainly supported by the P1 million donation of Metro Pacific Investments Corporation (MPIC) to Alagang Kapatid Foundation. It is among the many projects the donation covers. The week-long feeding ...

Hong Kong OFWs in uproar over non-existent airline tickets
Philstar - 2017-12-20
According to the latest data from the Philippine Overseas Employment Administration, there were 85,704 Filipino workers deployed in Hong Kong in 2015. Of that number, 57,703 were rehires, or had previously worked in Hong Kong.

8 Top Newsmakers of 2017
Philstar - 2017-12-20
Yes, the magnate of ultra-diversified conglomerate San Miguel Corporation, Ramon S. Ang, has finally--and officially--dipped his toes into the Philippine car industry. "RSA," as he is widely referred to, is now spinning the propellers of German ...

Oil firms raise fuel prices
Philippine Daily Inquirer - 2017-12-20
As of press time on Monday, Pilipinas Shell Petroleum, Phoenix Petroleum, PTT, Flying V and Eastern Petroleum have announced the price changes.

Duterte wants telco duopoly broken by March
Philippine Daily Inquirer - 2017-12-20
Among domestic companies, internet provider Philippine Telegraph & Telephone Corp. has expressed interest in applying for a mobile telecommunications license. Last month it told Reuters news agency it was talking to China Telecom and Datang Telecom ...

Duterte wants telco duopoly broken by March
Philippine Daily Inquirer - 2017-12-19
Mr. Duterte earlier asked China to provide the third telco player in the Philippines to break up the PLDT Inc. and Globe Telecom Inc. duopoly, which had been blamed for the slow and spotty but expensive internet and mobile phone services across the ...

San Miguel buys Masinloc coal power plant for nearly $2 billion
Rappler - 2017-12-19
In winning the bid, SMC also topped fellow major power players Aboitiz Group and the Manila Electric Company (Meralco). The bid was originally solely thought to be for AES' 51% stake for around $1 billion, before Thailand's Electricity Generating decided ...

SN Aboitiz to spend $1.75 B for additional 500-MW output
Philstar - 2017-12-19
MANILA, Philippines -- SN Aboitiz Power Group (SNAP), the joint venture of SN Power of Norway and Aboitiz Power Corp., is set to spend roughly $1.75 billion to add another 500-megawatt (MW) capacity of renewable energy projects in the next decade.

8 Top 10 Newsmakers of 2017
Philstar - 2017-12-19
Yes, the magnate of ultra-diversified conglomerate San Miguel Corporation, Ramon S. Ang, has finally--and officially--dipped his toes into the Philippine car industry. "RSA," as he is widely referred to, is now spinning the propellers of German ...

Broadcom's Earnings Are Getting a Lift from the iPhone X, AI and Great Execution
The Street - 2017-12-19
The company recently unveiled intellectual property that can be used to develop deep learning ASICs relying on Taiwan Semiconductor next-gen 7-nanometer manufacturing ... controller offerings fueled by Intel Corp.'s (INTC) recent Xeon server CPU refresh.

Positive Train Control, absent in Washington derailment, can save lives but has been slow to implement
New York Daily News - 2017-12-19
Trump calls for infrastructure investment after ... of that was by Union Pacific, which estimates to have spent $2.6 billion by the end of this year -- covering most of the $2.9 billion expected to implement PTC. The cargo company says it has to equip ...

Princess Superal wrests 1-shot lead with 66
Philstar - 2017-12-19
PLDT, Champion, Summit Mineral Water and K&G Golf. Thai Jaruporn Palakawong Na Ayutthaya carded a 71 while amateur Sam Bruce birdied No. 16 for a 72, a stroke ahead of Thai Numa Gulyanamitta and fellow amateur Kristine Torralba, who groped for identical 73s.

The Science of Where in Action
esri.com - 2017-12-19
Behind the words is a system of understanding driven by science, technology, and people ... loss of nature, climate change, food shortages, social conflict, and natural disasters. Keynote speaker Dr. Geoffrey West, a renowned theoretical physicist ...

?9.36-billion Clark airport terminal expansion breaks ground
CNN Philippines - 2017-12-19
The Bases Conversion Development Authority (BCDA) which oversees the Clark International Airport said that they awarded the engineering, procurement, and construction deal for the Clark terminal to a joint venture of Megawide Construction Corporation and ...

Megawide, GMR to build Clark terminal
BusinessWorld Online - 2017-12-19
BW FILE PHOTO THE CONSORTIUM of listed builder Megawide Construction Corp. and Bangalore-based airport operator GMR Infrastructure Ltd. has won the contract to build a new terminal building at Clark International Airport, the Bases Conversion and ...

AES Corp to Vend Philippines Business for $1.1 Billion
Yahoo Finance - 2017-12-19
The AES Corporation AES has recently inked a deal with SMC Global Power Holdings Corp., under which the company will divest its Philippines business to the later for $1.05 billion. The divestment is scheduled to be completed by the first half of 2018 ...

Duterte wants China Telecoms to get needed permits by Q1
Business Mirror - 2017-12-19
The Beijing-based telecom company was selected by China to challenge the duopoly of Globe Telecom Inc. and PLDT Inc. in the country. "I have instructed the DICT and the NTC to fast-track the entry of the third telecom player to foster competition in the ...

Meralco creates unit to set up charging stations for e-vehicles
BusinessWorld Online - 2017-12-19
MANILA ELECTRIC Co. (Meralco) has created a new subsidiary that will be engaged in owning, maintaining and operating a network of charging stations for electric vehicles, the company told the stock exchange on Tuesday. "We see opportunity in the ...

Villar group opens new retail hub in Las Piñas
BusinessWorld Online - 2017-12-19
Villar, Jr. unveiled a hub for its retail establishments in Las Piñas, amid efforts to strengthen his property business outside Metro Manila. All Value Holdings Corp. (AVHC), the retail arm of the Villar group ... and Lifescapes, Inc., which is currently ...

Shares decline anew ahead of TRAIN enactment
BusinessWorld Online - 2017-12-19
"I think the decline has something to do with window dressing. If you noticed, the top decliners today TEL (PLDT, Inc.), JGS (JG Summit Holdings, Inc.), URC (Universal Robina Corp.) under-performed the PSEi on a year-to-date basis. So funds are probably ...

Christmas 2017 bank schedules
Rappler - 2017-12-19
Please refresh this page for updates. MANILA, Philippines - Some bank branches will have extended hours for the 2017 holiday season, though they will be closed on Christmas and New Year's Day. Bank of the Philippine Islands (BPI) 119 BPI and 49 BPI ...

SMB gets bondholders' consent to amend trust agreements
CNN Philippines - 2017-12-19
It plans to regroup the conglomerate's food and beverage businesses under the entity San Miguel Pure Foods Company Inc., to be later renamed to San Miguel Food and Beverage Inc. SMB said they will pay the consent fees to the bondholders on December 22 ...

Meralco forms unit for electric vehicles
Business Mirror - 2017-12-19
THE Manila Electric Co. (Meralco) said it has formed a unit that will maintain and operate transportation service networks utilizing electric energy. In a disclosure to the stock exchange on Tuesday, the utility firm said the new subsidiary will cater to ...

Meralco ventures into electric vehicle operation
The Standard - 2017-12-19
Manila Electric Co. said Tuesday its board approved the creation of a wholly-owned subsidiary to engage in the operation of electric vehicles and charging stations. Meralco said in a disclosure the subsidiary would "engage in the business of owning ...

Muntinlupa City celebrates 100 years
Business Mirror - 2017-12-19
As planned, the MMFF Parade of Stars will jump off from Muntinlupa Sports Complex, pass through the National Road from Barangay Tunasan to Alabang, will enter the Filinvest City via the Corporate Avenue and Bridgeway. It will end at Filinvest Event Grounds ...

Megawide-GMR awarded P9.36-b Clark airport deal
The Standard - 2017-12-19
Megawide-GMR, a joint venture of Megawide Construction Corp. and GMR Infrastructure of India, was declared the bidder with the "lowest calculated responsive bid," after passing the post-qualification evaluation phase of the competitive bidding ...

Christmas contest winners
Philstar - 2017-12-19
Previous donations were received from ALA Boxing Gym, Planet Sports, The Philippine Star, Sonak Corp., Nike Philippines, Green Bulb Public Relations, SBP, PBA, San Miguel Corp., Larc and Asset, San Miguel Beer, Barangay Ginebra, Chooks To Go, Alaska, PLDT ...

Superal up by 1 shot
Business Mirror - 2017-12-19
Princess Superal missed capping a fiery windup with a final hole bogey as she settled for a one-under 66 and a one-stroke lead over Thai Chonlada Chayanun and amateur Samantha Dizon at the start of the International Container Terminal Services Inc. (ICTSI ...

Filipino students shine in interior-design competition
Business Mirror - 2017-12-19
Likewise, major wins were awarded to University of Santo Tomas for the Interior Design ... integrated livelihood and community center in Barangay 756, Zone 20 in Binondo, Manila. "I think the No. 1 problem in the Philippines are urban slums.

AES Corp to Vend Philippines Business for $1.1 Billion
NASDAQ - 2017-12-19
The AES Corporation AES has recently inked a deal with SMC Global Power Holdings Corp., under which the company will divest its Philippines business to the later for $1.05 billion. The divestment is scheduled to be completed by the first half of 2018 ...

Duterte warns courts from interfering in entry of third telecom player
Philstar - 2017-12-19
Duterte earlier threatened incumbent providers PLDT Inc. and Globe Telecom Inc. with new competition from China if they do not shape up. Last year, PLDT and Globe together agreed to buy conglomerate San Miguel Corp. out of the sector for $1.5 billion ...