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 ...

PLDT-allied firms buy 10 pct stake in Meralco
International Business Times - 2017-12-12
MANILA - Manila Electric Co (Meralco) said companies allied with the country's dominant telecommunications firm PLDT had acquired a more than 10 percent stake in Philippines' biggest power retailer. The move will give Philippine Long Distance Telephone Co ...

House concludes probe on Meralco power deals
Business Mirror - 2017-12-12
Members of the House Joint Committee on Good Government and Public Accountability and on Energy on Monday have decided to conclude their investigation on the alleged "midnight deals" between Manila Electric Co. (Meralco) and the Energy Regulatory ...

Global Cebu FC wants to host PFL finals in Cebu City Sports Complex
Rappler - 2017-12-12
MANILA, Philippines (UPDATED) - Global Cebu FC is appealing to the inaugural Philippines Football League (PFL) for their right to host the finals knockout match with Ceres in the Cebu City Sports Complex on Saturday, December 16. Global released a letter ...

China Telecom named 3rd main telco player
Philstar - 2017-12-12
Presidential spokesman Harry Roque has said the entry of a Chinese investor would break the "duopoly" in the telecommunication industry, whose players are PLDT Inc. and Globe Telecom. Andanar said China Telecom has to find a local partner since the ...

Try this effective trade play
Inquirer - 2017-12-11
Inc. (ALI), Ayala Corporation (AC), Alliance Global Group, Inc. (AGI), SM Investments Corporation (SM), Metropolitan Bank and Trust Company (MBT), BDO Unibank, Inc. (BDO), Bank of the Philippine Islands (BPI), Manila Electric Company (MER) and Nickel Asia ...

Investing in quality education
Philstar - 2017-12-11
"In the next 80 years or so, the number of working age Filipinos will be large relative to the number of young and elderly Filipinos," according to Far Eastern University (FEU) president Michael Alba. This is the demographic sweet spot where the ...

The best of Philippine business recognized at Asia CEO Awards 2017
Business Mirror - 2017-12-11
Every person in business knows that getting their venture off the ground is only the first step ... Arab Emirates and Canada. Her company, Human Nature, continues to set the standard for social enterprise in the Philippines and was recognized in the ...

LRWC, China group plan Boracay casino resort
Philstar - 2017-12-11
MANILA, Philippines -- Galaxy Entertainment Group Ltd. is betting big on the Philippines through a partnership with Leisure and Resorts World Corp. (LRWC), the listed gaming company founded by Negros Occidental Rep. Alfredo "Albee" Benitez.

Philab eyes majority stake in drug manufacturer
BusinessWorld Online - 2017-12-11
Philab Holdings Corp. plans to ... to widen the range of products the company offers. In a statement issued Monday, the listed firm said it will purchase 67% of SLI, subject to closing requirements of the Philippine Stock Exchange and Securities and ...

BDO Nomura sees PSEi rising to 9,100 in 2018
- 2017-12-11
By Arra B. Francia, Reporter THE MAIN INDEX could soar to the 9,100 level by the end of 2018, as earnings growth of listed companies push share prices up amid inflationary pressures in some sectors. A market forecast by BDO Nomura Securities, Inc. noted a bullish outlook on the Philippine economy next year. This year, …

LRWC in talks for Boracay casino, resort
BusinessWorld Online - 2017-12-11
Leisure and Resorts World Corp. is in negotiations with a Macau-based firm for a resort and casino in Boracay. -- WWW.RWMANILA.COM LEISURE and Resorts World Corp. (LRWC) disclosed on Monday negotiations with a gaming firm based in Macau on a possible ...

Galaxy Entertainment's Philippine casino called 'game changer'
Nikkei Asian Review - 2017-12-11
Bloomberry Resorts, which runs the Solaire casino in Manila, said the number of Chinese gamblers surged after Duterte visited China in October last year.

Petron vs F2 Logistics
BusinessWorld Online - 2017-12-11
THE Philippine Superliga (PSL) Grand Prix hits the championship round beginning today with the best-of-three finals series between Petron Blaze Spikers and F2 Logistics Cargo Movers kicking off. After topping the elimination round with identical 7-1 ...

Oil firms cutting gasoline, kerosene prices; diesel steady
BusinessWorld Online - 2017-12-11
"These reflect movements in the international oil market," Petron Corp. said. Gasoline prices will fall P0.15 per liter, while kerosene prices will be reduced by P0.15 per liter, oil companies said. Companies that sent advisories said they will be ...

Cebu Pacific to launch flights to Melbourne
BusinessWorld Online - 2017-12-11
File photo of Cebu Pacific Air's Airbus A330 aircraft taken on September 12, 2013 at the NAIA terminal 3. -- BW FILE PHOTO CEBU PACIFIC (Cebu Air, Inc.) will launch direct flights from Manila to Melbourne by June next year, an official said. Cebu Pacific ...

Filinvest to transform 201-hectare Clark estate into new business hub
BusinessWorld Online - 2017-12-11
THE FILINVEST GROUP said it is breaking ground next year on a 201-hectare estate in Clark, Pampanga it bought in 2016, transforming the sprawling property into what it said would be a "premier leisure and business destination in the North." The ...

Fitch upgrade cheer provides market lift
BusinessWorld Online - 2017-12-11
RCBC Securities, Inc. equity analyst Jeffrey Lucero said in a separate text that losses incurred by PLDT, Inc. and Globe Telecom, Inc. capped general market gains "following news of a possible third telco player in China Telecom (Corporation Ltd ...

Roque: Duterte's offer of telco role to China a 'political decision'
CNN Philippines - 2017-12-11
The market in the Philippines has been dominated by two players - Globe Telecom Inc. and PLDT Inc. The President has been vocal against the state of the internet in the Philippines, saying the only way to improve internet speed is to introduce competition.

RCBC to Bangladesh Bank: Release results of bank heist probe
CNN Philippines - 2017-12-11
Rizal Commercial Banking Corp. (RCBC) said the Bangladesh Bank is "partly to blame" for the heist in 2016. "Its refusal to be transparent is a continuing cover-up and a disservice to global efforts to combat cybercrime. For this, (Bangladesh Bank ...

Transco ready to partner with China Telecom, but franchise may not allow it
Business Mirror - 2017-12-11
... it was talking with China Telecom and Datang Telecom about strategic partnerships to challenge the PLDT group and Globe Telecom Inc. President Duterte last month asked China to try to invest in the Philippine telecom industry. "We want to push ...

PFL holds inaugural finals series in Pana-ad Stadium
Rappler - 2017-12-11
MANILA, Philippines - The Philippines Football League (PFL) announced on Monday, December 11, that the finals knockout match between Global Cebu FC and Ceres-Negros FC will be held at the Pana-ad Stadium in Bacolod on Saturday, December 16. Prior to the ...

Oil firms cut pump prices
Business Mirror - 2017-12-11
The price reduction will be reflected at 6 a.m. of December 12. Diesel price remain unchanged. Phoenix Petroleum, Pilipinas Shell and Seaoil said the price adjustment reflects movements in the international petroleum market. Other oil firms are expected to ...

QC government extends P3.5-million aid to ex-Agham Road settlers
Business Mirror - 2017-12-11
Based on the joint-venture agreement entered into by the the NHA and Ayala Land Corp., in charge of developing the North Triangle Area, the former is responsible for the resettlement of the 700 families. In January 2014 the property that was cleared of ...

CPG sells initial P1.7 billion from high-end property development in Batangas
Business Mirror - 2017-12-11
PROPERTY developer Century Properties Group Inc. (CPG) said it generated an initial P1.7 billion in sales from its high-end Batulao residential project in Batangas, just two months of preselling in the country. Robbie Antonio, CPG managing director ...

Albay SP unanimous in protecting Mayon
Business Mirror - 2017-12-11
Imperial said documents furnished his committee by DPWH regional legal officer Oliver Rodulfo, however, did not mention any "road opening" projects at Mayon. He said the name of projects in the documents his committee received listed the four projects ...

No more cutting of trees please
Business Mirror - 2017-12-11
They also enhance property values. Given a choice ... Trees are natural attractions for tourists, homebuyers and businesses. This is the 21st century. There has to be a better way to build than simply paving over green space, a way to develop new ...

Superliga finals on
Business Mirror - 2017-12-11
In Photo: Petron Coach Shaq de los Santos says they are "very hungry" to regain the crown. PETRON and F2 Logistics begin their best-of-three showdown today for the Chooks to Go-Philippine Superliga (PSL) Grand Prix crown with experts predicting the ...

LRWC, Galaxy in talks for Boracay casino-resort
The Standard - 2017-12-11
Listed gaming company Leisure & Resorts World Corp. is in talks with Macau-based gaming and hospitality conglomerate Galaxy Entertainment Group Ltd. to develop a world-class beach resort and casino in Boracay Island at a cost of $300 million to $500 million.

GMA Network tallies bigger TV ratings lead in November
The Standard - 2017-12-11
GMA Network, Inc. (GMA) strengthened its nationwide ratings lead based on the latest data from Nielsen Phils.TV Audience Measurement. For the month of November (with Nov. 19 to 30 based on overnight data), the Kapuso Network ruled over its counterparts in ...

Bangladesh minister: We want to 'wipe out' Philippines bank after $80 million heist
ZDNet - 2017-12-11
Unless the situation is resolved, the Bangladesh bank may file the case against Rizal Commercial Banking Corp (RCBC) to retrieve the rest of the stolen proceeds. RCBC was fined roughly $20 million in 2016 for failing to prevent the flow of fraudulent cash ...

LWRC, Galaxy eye Boracay casino-resort
Inquirer - 2017-12-11
Local gaming firm Leisure and Resorts World Corp. (LWRC) 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 in ...

Del Monte secures $100M via shares offering
Inquirer - 2017-12-11
Campos-led food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) has raised $100 million from its second tranche of preferred shares offering. Proceeds from this transaction are meant to pare down debt incurred following the acquisition of the US ...

DICT, NTC preparing rules for selecting telco to compete with PLDT, Globe
Inquirer - 2017-12-11
The government is preparing guidelines to support the entry of a third player to compete with PLDT Inc. and Globe Telecom, the so-called telco duopoly that the Duterte administration has committed to break. Eliseo Rio Jr., acting secretary of the ...

Fueled by telco dreams, PT&T chief aims for jackpot in gaming sector
Inquirer - 2017-12-11
Businessman Salvador Zamora II wants to enter the lucrative gaming sector, focusing on an opportunity coming up in 2018 through the auction of the Visayas and Mindanao lotto equipment leasing concession of the state-run Philippine Charity Sweepstakes ...