Ecotown continues to spark growth in the south
Inquirer - 2017-12-23
The industrial park is also expected to house offices of the Philippine Economic Zone Authority and the Bureau of Customs to allow tenant-locators to fast-track their business permit requirements. The park would also have its own administration office ...

2018 property forecast
Inquirer - 2017-12-23
Outside Metro Manila, growing hubs for flexible workspace are Iloilo, Bacolod, and Davao ... Among the most aggressive are the SM Group and Davao-based businessman Dennis Uy of Udenna. 6 Industrial park developers head north of Luzon Major developers ...

Developer remains a steady anchor for dreamers
Inquirer - 2017-12-23
You can purchase a bigger land area that can be used for a small farm or rest ... true partner with a name that has been trusted over the years. Property developer Sta. Lucia Inc. has been built on solid foundation and sound practices.

Overseas Filipinos, families receive Christmas surprises from Smart World, PLDT Global
Philstar - 2017-12-23
Overseas Filipino workers (OFWs) sacrifice and work hard all year round for their families back in the Philippines. To recognize their efforts, Smart World and PLDT Global came up with a Christmas Campaign celebrating the dedication, resilience and love ...

LIST: Bank schedule for 2017 holidays
Philstar - 2017-12-23
View the banking schedule during the holidays on its Facebook page. All branches of PSBank would be closed on Christmas day. Its ATMs would remain online while the PSBank Mobile and PSBank Online would also be available. All branches will be closed on the ...

Pepsi PH clarifies soft drink reformulation
Inquirer - 2017-12-23
Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) said had yet to announce any official measure on the reformulation of its soft drink mix. In a statement issued to clarify an Inquirer report that it would reformulate its mix to avoid paying ...

At least 75 dead, 58 missing in Philippines tropical storm
United Press International - 2017-12-23
In its 8 p.m. weather bulletin, the Philippine Atmospheric ... Ryanair, the largest budget airline in Europe, was hit by its first strike in the company's 32-year history as pilots walked off the job. Abbas: U.S. no longer 'honest mediator in Mideast ...

PH firms plan to rehabilitate, operate NAIA
CNN Philippines - 2017-12-23
Aboitiz InfraCapital, Inc., Ayala Corporation's AC Infrastructure Holdings Corporation, Alliance Global Group Inc., AEDC, Filinvest Development Corporation, JG Summit Holdings Inc. and Metro Pacific Investments Corporation plan to submit their unsolicited ...

For small fishing community in Semirara, exempting locally produced coal from VAT is an injustice
interaksyon.com - 2017-12-23
Locally produced coal will remain exempt from VAT, which critics say was a missed opportunity for the government to earn more in revenues and rectify a lopsided relationship between business and the public. 36 years of environmental destruction For 36 ...

Banks bare schedule during holiday break
Philstar - 2017-12-22
The bank encourages its clients to use its electronic banking facilities and ATMs for their bank transactions. Security Bank also announced its branches will be closed on Dec. 25 (Monday), Dec. 31 (Sunday) and January 1, 2018 (Monday). Point-of-Sale ...

Vinta leaves 10 dead, 11 missing in ARMM
Philstar - 2017-12-22
The prevailing weather disturbance also forced the cancellation of several domestic flights of Philippine Airlines (PAL) going to and from several cities in Mindanao. Vinta - the 22nd cyclone to enter the country this year - made landfall over Cateel ...

2018 property forecast
Inquirer - 2017-12-22
There is no doubt that the Philippine real estate industry can anticipate another stellar year in 2018. But the factors that are expected to drive that promising growth will slightly differ compared to what has driven the industry in the past decade.

Practical first home choices
Inquirer - 2017-12-22
With a total land area of 41.3 hectares, Acropolis North is also highly accessible to nearby cities of Bulacan, Pampanga, Zambales and Baguio City. With a panoramic view of the sea, and the surrounding mountains as your backdrop, Vista Montana is indeed a ...

4 more foreign firms keen on 3rd telco slot
Inquirer - 2017-12-22
Rio said the government would not want another incident wherein a potential third player would be "gobbled up" by PLDT and Globe Telecom Inc., which was what happened when the two companies bought the telco assets of San Miguel Corp. last year.

Anchor Land expanding tourism-related projects
Philstar - 2017-12-22
MANILA, Philippines -- Anchor Land Holdings, a real estate company which develops residential condominiums, will expand its tourism-related developments next year. "As we finish this year strong, we are also gearing up for a bigger and better 2018.

SEC clears PAL Holdings shares valuation
Philstar - 2017-12-22
MANILA, Philippines -- The Securities and Exchange Commission (SEC) has approved the valuation of shares of stock to be issued by PAL Holdings Inc. for a share swap transaction in relation to the acquisition of minority interest in subsidiary Philippine ...

Filinvest City sparkles this Christmas
Philstar - 2017-12-22
Filinvest Development Corp. "We at Filinvest City make it a point to go back to our main objective, which is inspiring possibilities -- creating a unique development that would promote unity and happiness among its residents and the entire community."

How to survive as a nouveau poor
Philstar - 2017-12-22
LODESTAR By Danton Remoto (The Philippine Star) | Updated December 23, 2017 - 12:00am I would like to thank the teachers who required their students to buy and read my first novel, Riverrun. I would also like to thank the students who read the novel and ...

Margaux Red Capital Inc. and Sigma Lithium Resources Inc. Announce Qualifying Transaction
Marketwired - 2017-12-22
Sigma Lithium Resources Inc. Sigma was incorporated ... and Mvelaphanda Holdings (South Africa's largest Black Economic Empowerment Group) in Johannesburg. Mr. Gardner's extensive global career also includes positions such as General Manager of Operations ...

Peso tipped as Asian whipping boy for 2018 as deficit widens
Business Mirror - 2017-12-22
"The peso remains vulnerable," said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. in Manila. "The external payments position will likely deteriorate further as more economic activity fuels demand for capital equipment and consumer ...

Megawide bags P3.3B contract with DoubleDragon
- 2017-12-22
Construction, engineering and infrastructure group Megawide Construction Corp. has bagged a P3.3-billion new contract with property developer DoubleDragon Properties Corp. to put up a new office

Udenna to buy H20 stake at P2.17 a share
Inquirer - 2017-12-22
Udenna has committed to make a tender offer to other minority shareholders, giving them the option to exit in view of the change in control and prospective change in business. The deal, however, is priced at a much lower level than the P7.45 per share ...

Shares end week in the green on "window dressing"
BusinessWorld Online - 2017-12-22
The Philippine Stock Exchange Index (PSEi) ended at 8,432.31 ... de Celis, equities trader at Timson Securities, Inc. said in a text message. "The market has also been trading in a range for quite some time and may retest its all time high of 8,605.15 ...

Ang fastest in Asian Karting Championship
The Standard - 2017-12-22
Open at the close of the Asian Karting Open Championship in Macau recently. Ang, backed by San Miguel Corporation and Eagle Cement, also ruled the X30 SR class. He is flanked in this photo by fellow Filipino John Dizon (left) and Haopang Zhang of China.

Super consortium readies bid for NAIA rehab
Philstar - 2017-12-22
In separate disclosures yesterday, conglomerates Aboitiz Equity Ventures, Ayala Corp., Alliance Global, Lucio Tan Group, Filinvest Land Inc., JG Summit Holdings Inc. and Metro Pacific Investments Corp. said their respective infrastructure subsidiaries ...

Malaysia's Knusford: Parties Couldn't Agree On Terms Of Philippines Project
Nikkei Asian Review - 2017-12-22
The company received a letter from Filipino developer Arthaland Corporation not to engage Knusford and China Railway Group as the contractor for the project to build the 38-floor Cebu Exchange office building, Knusford said in an exchange filing.

Philippine Monetary and Banking Industry: Doing good business as ever
Business Mirror - 2017-12-22
Some top commercial and universal banks (on the basis of available assets) in the Philippines are: Metropolitan Bank and Trust, Land Bank of the Philippines ... a financial institution and an insurance company; where banks offer insurance products through ...

AUB becomes 1st bank to launch WeChat Pay in PHL
Business Mirror - 2017-12-22
In Photo: Publicly listed Asia United Bank (AUB) has brought WeChat Pay in the Philippines, now the second-largest mobile payments system in the world, allowing Chinese tourists in the country to conveniently and seamlessly make payments using their ...

Now to offer P1B worth of preferred shares
Inquirer - 2017-12-22
Technology service provider Now Corp. has obtained board approval to raise as much as P1 billion through an offering of preferred shares, proceeds from which will fund internet services to be rolled out to residential areas and small businesses in Metro ...

BPI banks extend operations this holiday season
Inquirer - 2017-12-22
The Bank of the Philippine Islands (BPI) and BPI Family Savings Bank (BFSB) announced on Friday the extension of their branch operations during the holiday season. From December 8, 2017 to January 3, 2018, the bank advised its customers that 119 BPI ...

Udenna to buy H20 stake at P2.17 a share
Inquirer - 2017-12-22
Udenna has committed to make a tender offer to other minority shareholders, giving them the option to exit in view of the change in control and prospective change in business. The deal, however, is priced at a much lower level than the P7.45 per share ...

Bye Crown Towers, Hello NÜWA
- 2017-12-22
A new luxury hotel brand called NÜWA will soon debut in integrated gaming resorts City of Dreams Manila and Macau, replacing Crown Towers Hotel, resort operator Melco Resorts & Entertainment

Junk deals with Meralco affiliates, ERC urged
Philippine Daily Inquirer - 2017-12-22
A progressive solon urged on Friday the Energy Regulatory Commission (ERC) to junk its deals with companies affiliated with the Manila Electric Company (Meralco) after the Ombudsman suspended four commissioners of the regulatory body. "I think that ...

Mercy: A Christmas miracle
Visayan Daily Star - 2017-12-22
She was suffering from sepsis and jaundice, according to the doctor's diagnosis. The Calvary team paid the hospital bill at the CLMMRH. They immediately transferred the baby to the Pablo O. Torre Memorial Hospital (Riverside) in Bacolod City, in an ...

Seaoil partners with Caltex Australia
Philstar - 2017-12-22
MANILA, Philippines -- Independent oil player Seaoil Philippines Inc. has taken in Caltex Australia Petroleum Pty Ltd. as long-term strategic partner for its expansion program. In a statement, Seaoil said it has signed a definitive agreement that forges a ...

Security Bank, BDO announce bank schedules for Christmas holidays
Inquirer - 2017-12-21
Security Bank announced on Thursday that all of its branches would be closed on Dec. 25, Dec. 31, and Jan. 1. In an advisory, Security said that all of their automated teller machines (ATM) and online banking services would be available during the said dates.

Leisure, industrial projects to drive real estate growth
Philstar - 2017-12-21
CEBU, Philippines -- Leisure and industrial-related developments ... a tenth annually over the next two to three years," the Colliers report noted. The real estate management firm cited in particular the industrial estate to be built by diversified ...

C-5 to Cavitex road works in full swing, says MPTC
Philstar - 2017-12-21
MANILA, Philippines -- Construction of the C-5 South Link Expressway, which will connect C-5 Road to the Manila-Cavite Toll Expressway (CAVITEX), is now in full swing, according to Metro Pacific Investments Corp. (MPIC) unit Metro Pacific Tollways South.

Road project to cost 70 trees
Philstar - 2017-12-21
The project was to be developed by Fifth Avenue Property Development Corp., whose president and chief executive ... two proposed access roads that would cut through the Ciudad site. Filinvest Land Inc. was reported to finance the development of the Ciudad ...

4 more foreign firms to vie for 3rd telco slot
Philstar - 2017-12-21
Rio said the government would grant frequencies to a telco player that has the financial and technical capability to be able to truly compete with existing players Smart Communications Inc. and Globe Telecom Inc. "We would also like to be sure that the ...

Sugar output up, prices down in Dec
Philstar - 2017-12-21
MANILA, Philippines -- After almost three months, local raw sugar production has picked up as it reached 382,538 metric tons (MT) as of early-December, the Sugar Regulatory Administration (SRA) said. The current production is 5.3 percent better than the ...

Anchor Land to pursue tourism-related projects in 2018
BusinessWorld - 2017-12-21
ANCHOR LAND Holdings, Inc. on Thursday said it will be doubling its efforts to deliver more projects in 2018, as it oversees the construction of leisure developments in Boracay and Coron, Palawan, alongside more residential properties inside Metro Manila.

Palace allays fears on cybersecurity upon entry of Chinese telco
CNN Philippines - 2017-12-21
The market in the Philippines has been dominated by two players - Globe Telecom Inc. and PLDT Inc. READ: Roque: Duterte's offer of telco role to China a 'political decision' Senate President Koko Pimentel welcomed a new telco provider, saying competition ...

MetroPac Water bags P12.35-billion Iloilo project
BusinessWorld Online - 2017-12-21
Another one of its projects is the Maragondon Bulk Water Supply, a joint venture agreement with Lucio Tan-led MacroAsia Corp. in partnership with the Maragondon Water District. For water distribution, MetroPac Water owns 27% of Laguna Aquatech Resources ...

8990 Holdings completes 2 buildings in Tondo
BusinessWorld Online - 2017-12-21
8990 Holdings, Inc. is bullish on the housing market next year. -- URBAN DECA HOMES TONDO 8990 Holdings, Inc. is set to complete two buildings in its P8-billion residential project in Tondo, Manila, which the mass housing developer said would attract more ...

Seaoil partners with Caltex Australia
- 2017-12-21
CALTEX AUSTRALIA Petroleum Pty Ltd. is acquiring a 20% equity interest in Seaoil Philippines, Inc. in a deal that the local company said is intended to be a long-term partnership between the two independent oil players. “We have long sought for a strategic partner to complement our capabilities and competitive advantage, and we are optimistic …

One telco eyed for remaining frequencies
BusinessWorld Online - 2017-12-21
THE DEPARTMENT of Information and Communications Technology (DICT) is looking at allocating the remaining telco frequencies to one player or consortium of players in order to make this third party compete with PLDT, Inc. and Globe Telecom, Inc. "Before ...

Now Corp. approves follow-on offering
BusinessWorld Online - 2017-12-21
NOW Corp. has finalized the terms of its P1-billion follow-on offering (FOO), it disclosed to the stock exchange on Thursday. The listed firm said its board of directors has approved the FOO with a base size of P500 million and oversubscription option of ...

PSEi recovers as investors pick up select stocks
BusinessWorld Online - 2017-12-21
SM Investments Corp. was the most actively traded stock for ... MPIC will be joining Alliance Global Group, Inc., Filinvest Development Corp., JG Summit Holdings, Inc., Aboitiz InfraCapital, Inc., and AC Infrastructure Holdings Corp. for the proposal.

PAL pilot surprises parents on plane after being apart for 17 Christmases
CNN Philippines - 2017-12-21
A Facebook post dated December 18 by Juan Paulo Fermin, a pilot of Philippine Airlines, has gone viral and the video showing the joyful reunion with his parents has garnered thousands of views. Fermin shared on the post: "It's interesting how dreams take ...