The long wait is finally over
Philstar - 2017-12-13
Now is the time for the Philippines to enjoy the power and innovation of these motorcycles," the ... while the CB1100EX and CBR1000RR FIREBLADE SP will be available in 2018. "This newest line up of Honda Big Bikes will be available in our newest ...

CA clears Roberto Ongpin of insider trading
Rappler - 2017-12-13
While the SEC's July 2016 decision barred Ongpin from holding a seat on the board of any listed firm, a temporary restraining order obtained shortly after the ruling allowed him to remain as chairman of online gaming firm PhilWeb and energy firm Atok-Big ...

Megaworld to build P8-billion estate along Lake Caliraya in Laguna
Rappler - 2017-12-13
MANILA, Philippines - Andrew Tan-led Megaworld Corporation, through its leisure estate unit Global-Estate Resorts Incorporated (GERI), unveiled plans to build an integrated lifestyle community by the shores of Lake Caliraya in Laguna. To be called The ...

RCBC accuses Bangladesh central bank of cover-up
Rappler - 2017-12-13
MANILA, Philippines - Yuchengco-led Rizal Commercial Banking Corporation (RCBC) accused Bangladesh Bank (BB) of a cover-up, following the multimillion-dollar heist in 2016. In a statement on Tuesday, December 12, RCBC said the Bangladesh central bank ...

SMC Global Power launches new P20B bond offer
Inquirer - 2017-12-13
BDO Capital, PNB Capital and Standard Chartered Bank (SCB) are the joint issue managers of the offering. BDO Capital, BPI Capital, China Bank Capital, RCBC Capital and SCB are the joint lead underwriters and bookrunners. SMC Global Power is one of the ...

RRHI invests in online store BeautyMNL
Inquirer - 2017-12-13
Gokongwei-led Robinsons Retail Holdings Inc. (RRHI) has acquired a 20 percent stake in the company that operates e-commerce site BeautyMNL, online retailer of personal care and beauty products. RRHI disclosed to the Philippine Stock Exchange on Wednesday ...

Petron seeks to sweep F2 in PSL finals
Philstar - 2017-12-13
MANILA, Philippines -- Petron aims to chomp down on the jugular of rival F2 Logistics in Game Two of the Chooks to Go-Philippine Superliga Grand Prix best-of-three finals series Thursday at the Filoil Flying V Centre in San Juan. Or the Blaze Spikers ...

RCBC turns table on Bangladesh Bank
Philstar - 2017-12-13
MANILA, Philippines -- Listed Rizal Commercial Banking Corp. (RCBC) yesterday turned the tables on Bangladesh Bank, saying the negligence of the foreign bank led to the $81 million cyber heist in February last year. George dela Cuesta, first senior vice ...

UST maintains top-performing school ranking in November 2017 nursing boards
Medium - 2017-12-13
Angelica Ignacio shared fifth place with Abigail Bulat Anuman from the Father Saturnino Urios University, Quenna Galicinao of Mariano Marcos State University (MMSU) -- Batac, and Ingrid Nicolas from Remedios T. Romualdez Medical Foundation ...

BDO hosts China-ASEAN Inter-bank Association meet
Philstar - 2017-12-13
World Business Group, Kasikornbank Public Company Limited of Thailand; and Le Thi Kim Khuyen, Member of the Board of Directors, Joint Stock Commercial Bank for Investment and Development of Vietnam. (FREEMAN) Freeman ( Article MRec ), pagematch ...

Chelsea Logistics buys more vessels
Philstar - 2017-12-12
Last month, PNX-Chelsea Shipping Corp. also acquired three vessels with a combined GRT of 15,811 that will serve the cargo transport requirements of the 2GO Group. These vessels ... earlier acquired Starlite Ferries Inc. (SFI), a roll-on, roll-off ...

EMotors partners with Globe, W Group for e-vehicle shuttle
Philstar - 2017-12-12
MANILA, Philippines -- Electric vehicle maker EMotors Inc. has entered into a partnership with Globe Telecom and the W Group to create a benchmark for cashless payment for private electric transport in the country. EMotors said the collaboration with the ...

Vitarich sets aggressive expansion plan
Inquirer - 2017-12-12
Its strong financial performance in the first three quarters was largely due to the robust performance of its poultry and animal feed business coupled with lower input costs and lower price of raw materials. While Sarmiento admitted that the company would ...

Petron blazes closer to crown
Philstar - 2017-12-12
MANILA, Philippines -- Petron put on a strong start and a stronger finish to sweep F2 Logistics, 25-14, 25-21, 25-16, and move a win from re-claiming the Chooks-to-Go Philippine Superliga Grand Prix crown at the Filoil Flying V Center in San Juan last night.

Philippines's Duterte offers third telecom slot to China
Yahoo News - 2017-12-12
The Philippines has a reputation for some of the slowest internet speeds in Asia, with customers restricted to a choice only between local firms PLOT and Globe Telecom. On a visit to Manila in October, Chinese Internet tycoon and Alibaba founder Jack Ma ...

Why family businesses are stronger and better
The Standard - 2017-12-12
In 1993, we listed JG Summit with a market capitalization of P6.3 billion. Today, our two holdings companies, JG Summit and Robinsons Retail Holdings are valued at P665 billion. I would like to thank my mother, Juanita, and siblings, Henry, Johnson ...

Palace to address security concerns before it allows entry of China Telecom
Business Mirror - 2017-12-12
Malacañang on Tuesday vowed to look into security concerns raised over the entry of a Chinese telecommunications company intended to challenge the duopoly of local players Globe Telecom Inc. and PLDT Inc. Presidential Spokesman Harry L. Roque Jr. admitted ...

Oct. sees less jobs, but quality improves
BusinessWorld Online - 2017-12-12
"[T]he annual drop in the underemployment rate during October was mainly evident in the agriculture sector," said Security Bank Corp. economist Angelo B. Taningco, citing "favorable weather conditions." Mitzie Irene P. Conchada, associate dean of ...

October trade gap biggest on record as imports outpace exports in growth
- 2017-12-12
By Ranier Olson R. Reusora Researcher FOREIGN SALES of Philippine goods grew for the 11th straight month last October, but the double-digit increase in merchandise imports drove the monthly trade gap to its biggest on record, the government reported yesterday. Preliminary data which the Philippine Statistics Authority (PSA) released on Tuesday showed export sales growing …

Factory output expansion slowest in nearly 6 years
BusinessWorld Online - 2017-12-12
The last time the PPI grew was in September 2014 when it edged up 0.8%. Union Bank of the Philippines (Union Bank) chief economist Ruben Carlo O. Asuncion blamed the contraction in manufacturing on "more expensive imported inputs due to the weak peso."

Lazada, Zalora expect record holiday sales in PHL
- 2017-12-12
By Krista A.M. Montealegre, National Correspondent E-COMMERCE portals are poised to rake in record holiday sales this year, as malls pursue their expansion at a time when consumers can shop from the palm of their hand. Lazada and Zalora are luring shoppers away from malls this holiday season by offering massive discounts in their respective …

Maynilad completes pipe replacement in Parañaque
BusinessWorld Online - 2017-12-12
Metro Pacific Investments Corp., which has 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 Trust ...

TransCo firming up titles of land hosting transmission facilities
BusinessWorld Online - 2017-12-12
"All [real estate] that we have expropriated ... including the improvements made by the National Grid Corporation of the Philippines (NGCP). TransCo is presenting itself as a potential third player in the telecommunications industry, making the right ...

Del Monte Pacific raises $100M from preferred shares offer
BusinessWorld Online - 2017-12-12
DMPL plans to use the proceeds of the offer to pay the outstanding bridge loan facility it secured from BDO Unibank, Inc., which will mature in February 2019. The company added the offering will also help the company strengthen its balance sheet.

GNPower Dinginin secures bank financing for second unit
BusinessWorld Online - 2017-12-12
AboitizPower also said GNPD had signed the amended engineering, design, procurement, and construction contracts with Shanghai Electric Power Construction Co., Ltd. and Power Construction Corporation of China on Dec. 5. "The GNPD Project will support the ...

Tax reform watch weighs on investor sentiment
BusinessWorld Online - 2017-12-12
Those that lost were led by Bloomberry Resorts Corp.; DMCI Holdings, Inc.; International Container Terminal Services, Inc.; and Ayala Corp. whose shares gave up 3.55% to close P10.32 apiece; 3.27% to P14.22; 2.008% to P102.50 and 1.44% to finish P1,025 ...

Marlins woes
BusinessWorld Online - 2017-12-12
Marlins fans are understandably upset over the way the offseason has evolved. In the midst of a playoff drought bested in length only by those cheering for the Mariners, they thought they already had the seeds planted for a turnaround. Among other things ...

RCBC accuses Bangladesh of covering up cyber heist
BusinessWorld Online - 2017-12-12
Rizal Commercial Banking Corp (RCBC) was responding to comments on Saturday by Bangladesh Finance Minister Abul Maal A. Muhith who said he wanted to "wipe-out" the Manila-based bank. The comments follow a Reuters story that Bangladesh Bank (BB ...

DoF destroys P3.316-B cigarettes of Mighty
The Daily Tribune - 2017-12-12
A total of 229,428 mastercases or 114,714,000 cigarette packs will be destroyed over a period of several days inside the compound of the Holcim Philippines Geocycle in Norzagaray through a method called "co-processing." The "co-processing" method ...

197 find employment in Clark jobs fair
The Daily Tribune - 2017-12-12
A total of 197 applicants were "hired on the spot" while hundreds of others were up for tests and interview in the recent Clark Freeport Jobs Fair participated in by 84 locators held recently at the event center of SM City Clark of the Freeport.

Dominguez cites Holcim help in destroying illicit cigarettes
Business Mirror - 2017-12-12
The second batch of Mighty Corp. cigarettes with fake tax stamps earlier seized by the Bureau of Customs (BOC) were destroyed in Bulacan on Tuesday using the environmentally safe Geocycle method of Holcim Philippines. Finance Secretary Carlos G.

PFL sets Cebu-Negros knockout final in Bacolod
Philstar - 2017-12-12
Global Cebu had insisted on staging the game at Cebu City Sports Complex, citing Article 2.10 of the PFL Tournament Regulations of 2017, which states that the winner of (semis) Fixture 1 (between top seed FC Meralco Manila and No. 4 Global Cebu ...

RCBC hits back at Bangladesh Bank
Business Mirror - 2017-12-12
Rizal Commercial Banking Corp. (RCBC) released a statement on Tuesday accusing Bangladesh Bank (BB) of a cover-up in the infamous $81-million cross-border bank heist last year. The lender said Bangladesh Bank is maligning RCBC by refusing to divulge the ...

BPI Sulong empowers Filipina migrant worker into becoming a girl boss
Business Mirror - 2017-12-12
BPI Foundation, the social-development arm of Bank of Philippine Islands (BPI), recently launched the second run of BPI Sulong, a learning program on financial management and entrepreneurship targeting overseas Filipino workers. The event was held in Hong ...

Will RP fit in the integrated Asean mold?
Business Mirror - 2017-12-12
Fernando Zobel de Ayala, whose Ayala Corp. has penetrated even the overseas water supply market, believes we cannot always rely on a consumption-driven growth, otherwise, we will be stuck at the 6-percent output growth level. He feels a 7-percent or 9 ...

Since start of buying spree, Chelsea Logistics fleet hits 5
Business Mirror - 2017-12-12
In July its unit Trans-Asia Shipping Lines Inc., a cargo passenger company that plies between ... GRT of 15,811 that will serve the cargo-transport requirements of the 2GO Group. These vessels are now in commercial operations. On the other hand, Fortis ...

Group eyes casino resort in Boracay
- 2017-12-12
Gaming firm Leisure and Resorts World Corp. (LRWC) is in talks with Hong Kong-listed Galaxy Entertainment Group Ltd. (GEG), one of the three original gaming concessionaires in Macau, to build a world-class integrated beach resort and casino on Boracay island.

American International Group Inc.
Business Mirror - 2017-12-12
American International Group Inc. (AIG) is a leading global insurance company ... AIG is the 87th-largest public company in the world. AIG common stock was listed on the New York Stock Exchange in 1984 and later, in 1987, it became the first foreign ...

Filipino-Japanese tie-up housing project breaks ground in Cavite
Business Mirror - 2017-12-12
Topnotch academic institutions abound, such as the De La Salle University (DLSU)-Dasmariñas, Lyceum of the Philippines University (Cavite campus), Saint Paul College Dasmariñas and Emilio Aguinaldo College. DLSU Medical Center, Emilio Aguinaldo Medical ...

Santiago, Foton bag third place in Superliga
Business Mirror - 2017-12-12
Mending their broken poise and aching hearts after being dethroned by Petron in the knockout semifinals, 28-30, 25-21, 23-25, 25-21, the Tornadoes came up with a strong bounce back to end their season with a win, dominating Cocolife all-game long ...

Decision to have a Chinese telecom player a 'political decision'
Philstar - 2017-12-12
It is China Telecom, the largest telecommunications company in China ... dubbed this possible entry as a means to break the "duopoly" of Smart and Globe, the Philippines' main service providers. Roque said that the choice of China was because the ...

Feel the sparkle of Christmas
The Standard - 2017-12-12
So, it is really a community celebration. We are opening more space where people can converge and enjoy the holiday sights and sounds with the garden city as the backdrop," shares Kate Ilagan, executive vice president of Filinvest Alabang Inc., Filinvest ...

PLDT fintech unit to exploit areas across Southeast Asia
Business Mirror - 2017-12-12
FROM a plan of expanding to a new market in the Association of Southeast Asian Nations this year, the digital innovations and financial-technology arm of PLDT Inc. now eyes exploiting three territories in Asia in 2018. Voyager Innovations Inc. President ...

Philippines stocks lower at close of trade; PSEi Composite down 0.29%
Investing.com - 2017-12-12
Shares in Security Bank Corp (PS:SECB) fell to 52-week lows; losing 3.86% or 7.60 to 189.50. Shares in Aboitiz Equity Ventures Inc (PS:AEV) fell to 52-week lows; falling 3.08% or 1.900 to 59.700. Gold Futures for June delivery was down 0.59% or 7.80 to $ ...

Former intel officer warns vs entry of China Telecom
- 2017-12-12
A retired intelligence officer who held a delicate post at the height of China’s artificial island-building in the South China Sea told the Inquirer that the entry of China Telecom into the Philippine market poses a national security threat.

Globe warns vs illegal signal boosters interfering with telecoms services
Philippine Daily Inquirer - 2017-12-12
Globe Telecom has warned the public against the use of illegal signal ... Globe, which has drawn criticism alongside PLDT Inc. for the quality of their mobile services, said this was partly due to signal boosters, repeaters, and RFIDs (radio frequency ...

BDO Nomura sees PSEi rising to 9,100 next year
Inquirer - 2017-12-12
SM Prime Holdings and Wilcon Depot. BDO Nomura expects investors to pay 19.6 times the kind of money they expect to make in 2018 compared to a price-to-earnings (P/E) ratio of 20.5 times this year. Equities are seen to trade at a premium but still below ...

Unioil opens its first electric vehicle charging station
Inquirer Technology - 2017-12-12
Unioil Petroleum Philippines Inc. (Unioil) has unveiled its first electric vehicle (EV) charging station on its newly-opened Unioil Solar Hybrid service station at Congressional Avenue Extension, Quezon City. The state-of-the-art Mitsubishi i-MiEV fully ...

Philippine bank accuses Bangladesh of heist 'cover-up'
Reuters - 2017-12-12
Rizal Commercial Banking Corp (RCBC) was responding to comments on Saturday by Bangladesh Finance Minister Abul Maal A. Muhith who said he wanted to "wipe-out" the Manila-based bank. The comments follow a Reuters story that Bangladesh Bank (BB ...

Vitarich posts record gains, bares 2nd debt-equity swap
InterAksyon - 2017-12-12
MANILA - Vitarich Corporation sustained its growth momentum in 2017, posting record gains in the third quarter and gearing up for nationwide expansion in 2018. The pioneering food, animal feeds, and livestock company ended the third quarter with ...