People & Events
Visayan Daily Star - 2017-12-16
PNA The VMA Global College and Training Centers Inc. chorale will join the 3rd Vallacar choral competition today, and the Bacolod City Christmas Chorale competition on Dec. 22-23, its press release said. This after the group bagged the championship during ...

Terror groups continue recruitment around Marawi City - AFP
Philippine Daily Inquirer - 2017-12-16
Col. Edgar Arevalo, acting AFP spokesman ... have been using social media to intensify their recruitment and have been promising financial compensations for those who would join their group. "And of course may mga offer pa rin sila ng financial ...

Taking the lead through innovation
Inquirer - 2017-12-16
The move may have seemed like a long shot, but the president of Empire East Land Holdings Inc. took a stab at it. "Those were very difficult years and nobody was launching new projects (during the Asian financial crisis). We felt that we needed to ...

Taking the lead through innovation
Inquirer - 2017-12-15
The move may have seemed like a long shot, but the president of Empire East Land Holdings Inc. took a stab at it. "Those were very difficult years and nobody was launching new projects (during the Asian financial crisis). We felt that we needed to ...

Sweet holiday treat
Inquirer - 2017-12-15
Christmas is the perfect time for families and friends to spend some quality time together and reconnect. While the season may bring its own hassles and mayhem, it all boils down to being able to have that much needed time to catch up among loved ones.

Business Leader and Philanthropist Gregory E. Abel to Receive 2018 Horatio Alger Award
New Kerala - 2017-12-15
His first job was delivering advertising flyers to homes ... Mr. Abel held a number of senior executive positions at CalEnergy. In 1999, the company became MidAmerican Energy Holdings Company, and Mr. Abel became president. In 2008, he was named CEO ...

Paving the way for the third telco player
Business Mirror - 2017-12-15
Another emerging player Also seeking to be a major player is Philippine Telegraph & Telephone Corp., which had said it was talking with China Telecom and Datang Telecom about strategic partnerships. The Philippine Competition Commission (PCC) is also ready ...

Headline: Bringing Home The Gold at the World Amateurs Golfers Championships
Business Mirror - 2017-12-15
Leading the charge for the Philippines was Tonito Payumo of First Gen Corp. and once the No. 1 ranked junior tennis player in the Philippines. Payumo was crowned champion of Division 1, (individual handicap 0-5 of Wagi) with a four-day score of 74 ...

Ceres overpowers Global 4-1 to win inaugural PFL title
Rappler - 2017-12-15
Ceres advanced to the championship round with a 3-1 aggregate win over Kaya FC Makati while Global had it tougher by overcoming top ranked FC Meralco Manila 3-2, also on aggregate in come from behind fashion. Ceres ended the eliminations on a higher rank ...

Hedcor signs supply pact with Surigao cooperative
The Standard - 2017-12-15
Zamboanga del Norte Electric Cooperative, Misamis Occidental I Electric Cooperative, Siargao Electric Cooperative, and Bukidnon Second Electric Cooperative. Hedcor operates 22 hydro power plants in the country--five in Davao City, four in Davao del Sur ...

Maute continuing its recruitment in Marawi, says military
Philstar - 2017-12-15
Col. Edgard Arevalo ... "Of course they are offering financial remunerations. They are also continuously using social media in their recruitment activities," he added. READ: Military sees ISIS-inspired Turaife group as major threat Arevalo said that ...

NGOs, disadvantaged groups receive 2,550 solar lanterns from Panasonic
Business Mirror - 2017-12-15
In the Philippines the beneficiaries were the Center for Excellence in Special Education (Stepping Stone) Foundation Inc., Conrado and LadislawaAlcantara Foundation Inc., Davao Medical School Foundation Inc.-Institute of Primary Health Care, Interfaith ...

GMR-Megawide lowest bidder for $250-million airport project in Philippines
Economic Times - 2017-12-15
(Representative image) HYDERABAD: The GMR Group today said it along with its partner Philippines-based Megawide Construction Corporation emerged as the lowest bidder for the USD 250 million Clark International Airport project in the southeast Asian nation.

Market bounces back to 8,400 level
- 2017-12-15
The local stock barometer surged back to the 8,400 mark yesterday as investors cheered the ratification of the first phase of the tax reform program, which is seen necessary to finance the Duterte administration’s massive infrastructure building.

LOOK: Map route for Metro Manila Film Festival's Parade of Stars 2017
Rappler - 2017-12-15
According to a post on the MMFF Facebook page, the parade will start at 2 pm at the Muntinlupa Sports Center, Tunasan, and will end at the Filinvest City Event Grounds in Alabang. The city is hosting the event in celebration of its centennial year.

BPO, gaming sectors still pushing demand for office space
Inquirer - 2017-12-15
Property developer Megaworld Corp. is upbeat on the demand for office space, betting on the rebound of the business process outsourcing (BPO) industry and the resilience of the burgeoning online gaming sector. "Surprisingly, BPOs are on the comeback ...

Philippines stocks lower at close of trade; PSEi Composite down 1.47%
Investing.com - 2017-12-15
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 123 to 80 and 37 ended unchanged. Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; gaining 1.29% or 2.00 to 157.00. Gold Futures for February delivery was up 0.14% or ...

Major Philippines banks get rating upgrade
Philstar - 2017-12-15
Likewise, Fitch upgraded the ratings of major banks led by BDO Unibank Inc., Metropolitan Bank & Trust Co., Bank of the Philippine Islands (BPI), Philippine National Bank, China Banking Corp. and Rizal Commercial Banking Corp. The debt watcher said the ...

Latest developments in the Canadian infrastructures market
Lexology - 2017-12-15
5 billion investment ... cancels Pacific Northwest LNG project Petronas and its partners have decided to cancel the $36 billion Pacific Northwest LNG project in Lelu Island, British Columbia . In a statement released July 25, 2017, the corporation ...

Megawide-GMR leads bid for Clark airport deal
Inquirer - 2017-12-14
A venture between Megawide Construction Corp. and New Delhi-based GMR Infrastructure yesterday emerged as the front-runner in a public auction to build a new passenger terminal at the Clark International Airport. The tandem bested four other groups ...

MPIC allots P30 billion to build CCLEx in Cebu
Business Mirror - 2017-12-14
CONGLOMERATE Metro Pacific Investments Corp. (MPIC) is spending roughly P30 billion over three years to build an expressway bridge between Cebu City and the municipality of Cordova, company officials said on Thursday. Metro Pacific Tollways Corp. President ...

Feel the sparkle of Christmas at Filinvest City
CNN Philippines - 2017-12-14
Metro Manila (CNN Philippines) -- Christmas decor may already adorn many of our streets, but none rock it quite as well as the evergreen Filinvest City. Starting November 23, "Sparkle of Christmas at Filinvest City" has been bringing Christmas cheer all ...

Q3 FDI pledges end 4 quarters of decline
BusinessWorld Online - 2017-12-14
Dumalagan, market economist at the Land Bank of the Philippines (Landbank). This view is shared by Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank), who said that the factor for this surge "has always been the ...

Fitch upgrades lenders’ ratings
- 2017-12-14
FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. The long-term issuer default ratings (IDRs) of Landbank and DBP were upgraded by a notch to “BBB-,” the minimum investment grade …

GMR-Megawide submits lowest offer to upgrade Clark airport
BusinessWorld Online - 2017-12-14
THE consortium of Megawide Construction Corp. and Bangalore-based GMR Infrastructure Ltd. has submitted the lowest-cost offer to upgrade the Clark International Airport (CIA), according to the Bases Conversion and Development Authority (BCDA). The BCDA ...

Ceres, Global dispute PFL first season title
BusinessWorld Online - 2017-12-14
Ceres was a 3-1 aggregate winner over third-seeded Kaya FC-Makati while Global fashioned out a narrow 3-2 victory on aggregate over top-seeded FC Meralco Manila. For local football observer and writer Lorenzo del Carmen, that the first-ever final of the ...

F2 Logistics digs deep to force PSL Grand Prix winner-take-all
BusinessWorld Online - 2017-12-14
Kennedy Layne Bryan of F2 Logistics vs Rhea Dimaculangan and Lindsay Stalzer of Petron. -- PHILIPPINE SUPERLIGA THE F2 Logistics Cargo Movers launched a torrid fourth-set rally to pull off a heart-stopping 25-20, 24-26, 14-25, 25-19, 15-4 victory over the ...

Aboitiz Construction tapped for PRII project
BusinessWorld Online - 2017-12-14
and portfolio investments -- all held under Aboitiz Equity Ventures, Inc. (AEV). AEV posted a 6.9% decrease in attributable profit to P15.9 billion in the first nine months of 2017, amid a 27% increase in gross revenues for the period to P111.48 billion.

Stock market advances; Bloomberry, GT Cap up
The Standard - 2017-12-14
Gainers outnumbered losers, 110 to 103, while 33 issues were unchanged. Sixteen of the 20 most active stocks ended in the green, led by gaming company Bloomberry Resorts Corp. which surged 6.7 percent to P11.20 and conglomerate GT Capital Holdings Inc ...

China Telecom's proposed entry into Philippines draws concern
Nikkei Asian Review - 2017-12-14
MANILA -- China Telecom's possible bid to break the Philippines' telecommunications duopoly has excited potential local partners, but it has also stirred security concerns. China Telecom has been endorsed by the Chinese government to invest in the $5.3 ...

DOJ indicts Sycip, 4 others for corporate-code violation
Business Mirror - 2017-12-14
Sycip, son of the late tycoon Washington Z. Sycip, and the officers and members of Alliance Select Foods International Inc. (Asfi), a tuna, canning firm, for violation of the provisions of the Corporation Code of the Philippines. Also indicted were Annsley ...

Uy opts for listing to raise funds
Inquirer - 2017-12-14
Market observers noted that a prime listing candidate is Udenna, a play on his name. Udenna owns publicly traded subsidiaries such as Phoenix Petroleum Philippines, which went public in 2007, and Chelsea Logistics Holdings, which listed a decade later in ...

SyCip scion indicted in P564-M corporate row
Inquirer - 2017-12-14
The son of the late revered business leader Washington SyCip and four of his business associates have been criminally indicted in connection with the dispute over the ownership of P564 million worth of shares in a tuna canning company. In an eight-page ...

PSEi rallies to 8,400 on tax reform ratification
Inquirer - 2017-12-14
There were 110 advancers that edged out 103 decliners while 33 stocks were unchanged. The PSEi was lifted by the gains of GT Capital, which added 4.96 percent, while SM Prime and Metro Pacific both added over 3 percent. SM Investments, URC, PLDT and JG ...

RCBC eyes double-digit profit growth
Inquirer - 2017-12-14
Over a year after the Bangladeshi cyberheist, Yuchengco-led Rizal Commercial Banking Corp. (RCBC) feels it has moved on from the money laundering scandal and is now looking forward to a double-digit growth in profit in 2018. "The numbers would show that ...

PSEi rebounds as tax agenda takes shape
Inquirer - 2017-12-14
The local stock barometer firmed up on Wednesday as investors digested the local tax reform legislation and regional markets traded with mixed sentiment ahead of the US Federal Reserve policy statement. The main-share Philippine Stock Exchange index (PSEi ...

A closer look as Ceres and Global clash for the PFL title
Rappler - 2017-12-14
The Busmen defeated Kaya 3-1 over two semifinal legs, while Global bucked a lower seeding to topple FC Meralco Manila in their semis via a 3-2 scoreline. The final is one game for all the marbles. Let's take a look at the various subplots and talking ...

FIGBA derby final under way at Roligon
m.philstar.com - 2017-12-14
Backers of the event are Thunderbird The Winning Formula, B-MEG Integra Power Maxx, Excellence Poultry and Livestock Specialists, LDI, Hagibis, Salto, Vitarich Titan, Vio-Plus, Pit Fighter and Mad Science.

Doves soar past DOMC 5 in NCRAA
Philstar - 2017-12-14
Olivarez College and host school Technological Institute of the Philippines ripped the Philippine School of Business Administration, 78-65, and New Era College, 60-49, respectively. Archie Sunga and Dwight Saguiguit combined for 30 points for the Sea Lions.

Uy opts for listing to raise funds
Inquirer - 2017-12-14
Other deals this year include a stake in listed logistics giant 2GO Group Inc., liquefied petroleum gas retailer Petronas Energy Philippines Inc. and Enderun Colleges Inc., which focuses on the hospitality and culinary sectors. Udenna also started work ...

Esther Vibal's secret for success
philstar.com - 2017-12-14
Vibal Publishing House Inc. began with very little capital but with great determination ... She and her husband eventually established Pacifica Realty Development Corporation, which up to this day is engaged in banking and property development through ...

Sun Life Financial Announces Executive Changes
WWBT-TV NBC 12 - 2017-12-14
Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please ...

Stocks inch up despite thin trades
Philstar - 2017-12-13
The benchmark Philippine Stock Exchange Index(PSEi) closed 0.31 percent or 25.55 points higher at 8,359,61, while the wider All Shares Index rose 0.32 percent or 15.36 points to close at 4,881.98. RCBC Securities Inc. equity research analyst Jeffrey Lucero ...

Uy mulls listing other companies
Philstar - 2017-12-13
Udenna Corp. was incorporated in the Philippines on March 19, 2002. As a group, it is comprised of a dynamic group of companies engaged in diverse businesses including, among others, petroleum and oil, shipping and logistics, real estate and property ...

SBS completes stock rights offer
Philstar - 2017-12-13
MANILA, Philippines -- SBS Philippines Corp. has successfully completed its stock rights offering. The company offered 302 million shares to existing stockholders as of Nov. 22, 2017 at the proportion one common share for every 4.1325 common shares at a ...

Uy aims to go on listing spree
Business Mirror - 2017-12-13
Uy controls a majority of Phoenix Petroleum Philippines Inc., which recently celebrated its 10 years of being listed at the PSE. Chelsea Logistics Holdings Corp., which controls publicly listed 2Go Group Inc., also completed its initial public offering ...

Gokongweis to foray into e-commerce space
Business Mirror - 2017-12-13
GOKONGWEI-led Robinsons Retail Holdings Inc. (RRHI) said on Wednesday it acquired a minority stake in Taste Central Curators Inc., a company that owns an electronic commerce site. The company said in its disclosure to the Philippine Stock Exchange it is ...

Christmas 'staycations' from north to south
Philstar - 2017-12-13
We are opening more space where people can converge and enjoy the holiday sights and sounds with the garden city as the backdrop," executive vice president of Filinvest Alabang Inc. Kate Ilagan said. Families and friends might also enjoy the scheduled ...

A glimpse of the past
Philstar - 2017-12-13
Then we took the land trip through Escalante, Cadiz, Victorias, Silay, and Talisay ... bundling them for transport in American vintage trucks headed for the milling companies and observing the hard work of our farmers under the sun was painful.

RCBC expects loan growth to slow amid shift in focus
BusinessWorld Online - 2017-12-13
RIZAL COMMERCIAL Banking Corp. (RCBC) expects its loan growth to slow down next year as it veers towards loans to consumers and small and medium enterprises (SME). In an interview with reporters on Tuesday, RCBC Senior Vice-President for Corporate Planning Ma.