Peso stronger amid progress on tax reform
BusinessWorld Online - 2017-12-08
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, concurred, saying that "positive market sentiment prevailed amidst the possible passage of the tax reform bill before the end of 2017." In a social media post on Thursday ...

Calata shares delisted on Dec. 11--PSE
The Standard - 2017-12-08
Beleaguered Calata Corp. will be delisted from the Philippine Stock Exchange starting on Dec. 11. The PSE said Friday it also rejected the appeal filed by Calata on Nov. 8, after the exchange issued a decision to proceed with the involuntary delisting of ...

Alipay to hold online 24-hour Christmas shopping festival as part of expansion push
South China Morning Post - 2017-12-08
A joint venture between CK Hutchison Holdings, the flagship conglomerate of Hong Kong ... The event will take place in Hong Kong, India, Thailand and the Philippines with Alipay partners in each location: Hutchison in Hong Kong, Paytm in India, Truemoney ...

Stocks up on bargain hunting
Inquirer - 2017-12-08
It was followed by Ayala Corp., down 0.99 percent to P1,000, Semirara Mining Corp., up 7.04 percent to P38, PLDT Inc., up 1.68 percent to P1,516, and SM Prime Holdings Inc., up 0.7 percent to P35.85 a share. Subscribe to INQUIRER PLUS to get access to The ...

Macau's Galaxy Entertainment plans up to $500 million Philippine casino resort
Reuters - 2017-12-08
Galaxy and local partner Leisure and Resorts World Corp are seeking regulatory approval for the $300-$500 million casino project in the central Philippine island of Boracay, Philippine Amusement and Gaming Corp (Pagcor) President Alfredo Lim told Reuters.

Cirtek raises $67M from preferred shares issuance
Inquirer - 2017-12-08
Laguna-based electronics manufacturer Cirtek Holdings Philippines Corp. has raised $67 million from its maiden issuance of US dollar-denominated preferred shares, making it the second company to issue this kind of instrument at the local equities market.

Bangladesh Bank, NY Fed discuss suing RCBC for damages from $81-M heist
InterAksyon - 2017-12-08
The money was sent to accounts at Manila-based Rizal Commercial Banking Corp. and then disappeared into the casino industry in the Philippines. The Bangladesh central bank building in Dhaka. (Reuters file) Nearly two years later, there is no word on who ...

Bangladesh Bank, NY Fed discuss suing RCBC for damages from $81-M heist
interaksyon.com - 2017-12-08
The money was sent to accounts at Manila-based Rizal Commercial Banking Corp. and then disappeared into the casino industry in the Philippines. The Bangladesh central bank building in Dhaka. (Reuters file) Nearly two years later, there is no word on who ...

2 ex-Cabinet men, Napoles to be tried in Malampaya scam
Philippine Daily Inquirer - 2017-12-08
Winnie Villanueva, a former manager of the Metrobank Magdalena branch in Binondo ... Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am ...

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages
Investing.com - 2017-12-08
The money was sent to accounts at Manila-based Rizal Commercial Banking Corp and then disappeared into the casino industry in the Philippines. Nearly two years later, there is no word on who was responsible and Bangladesh Bank has been able to retrieve ...

Exclusive: Bangladesh Bank, NY Fed discuss suing Manila bank for heist damages
Investing.com - 2017-12-08
The money was sent to accounts at Manila-based Rizal Commercial Banking Corp and then disappeared into the casino industry in the Philippines. Nearly two years later, there is no word on who was responsible and Bangladesh Bank has been able to retrieve ...

Finals berth, AFC Cup slot at stake as Sparks and Global clash
Rappler - 2017-12-08
MANILA, Philippines - It's FC Meralco Manila versus Global Cebu on a mouthwatering Saturday night battle for survival. The match on December 9, 7 pm in Rizal Memorial is the second leg of a two-legged, aggregate goals semi-final encounter to decide who ...

Petron survives valiant effort from Generika-Ayala to enter PSL semis
Rappler - 2017-12-08
MANILA, Philippines - The Petron Blaze Spikers avoided a colossal upset behind the efforts of Lindsay Stalzer and Hillary Hurley as they eked out a 19-25, 25-22, 22-25, 25-17, 15-11 win over the Generika-Ayala Lifesavers to advance in the semifinals of ...

Broadcom's Earnings Are Getting a Lift from the iPhone X, AI and Great Execution
The Street - 2017-12-08
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.

Bangladesh Asks NY Fed to Help it Recover Stolen Millions
Big News Network - 2017-12-08
The money was sent to accounts at Manila-based Rizal Commercial Banking Corp and then disappeared into the casino industry in the Philippines. Nearly two years later, there is no word on who was responsible, and Bangladesh Bank has been able to retrieve ...

Sereno: Our country is crying for justice
Philippine Daily Inquirer - 2017-12-07
In a speech before the 14th Metrobank Foundation Professorial Chair Lecture on ... Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share ...

Metro Film Fest parade moves to Muntinlupa
Philippine Daily Inquirer - 2017-12-07
It will then enter Filinvest City via Corporate Avenue and Bridgeway, and end at Filinvest Event Grounds-Block 30. The Muntinlupa city government on Tuesday advised motorists to take alternative routes on the day of the parade, especially since the ...

Manila Water bags Leyte contract
Philstar - 2017-12-07
MANILA, Philippines -- Ayala-led Manila Water Co., Inc. has been awarded the contract to provide water ... exchange with further developments regarding this transaction," said company chief legal counsel Jhoel Raquedan.

Stocks bounce back, build up momentum
Philstar - 2017-12-07
However, the Department of Trade and Industry and several business groups voiced concerns on the proposed higher tax on coal, pushing the mining and oil index to recover. Investors are still keeping a close watch on the final version of the coal tax and ...

Foton cools hot-starting Sta. Lucia, seals PSL semis berth
Rappler - 2017-12-07
MANILA, Philippines - The Foton Tornadoes bucked off a slow start to topple the upset-seeking Sta. Lucia Lady Realtors, 21-25, 25-17, 25-23, 25-17, and booked a ticket to the semifinals of the 2017 Philippine Superliga Grand Prix at the Arena in San Juan ...

La Carlota lifts suspension of Roxol operation
Philstar - 2017-12-07
MANILA, Philippines -- The city of La Carlota in Negros Occidental has lifted the suspension of the operations of Roxol Bioenergy Corp., a unit of listed sugar company Roxas Holdings Inc. (RHI). On Nov.16, La Carlota City Mayor Luis Jalandoni III stopped ...

Roxas Holdings earns 18% more in 9 months
Philstar - 2017-12-07
MANILA, Philippines -- Listed sugar and ethanol producer Roxas Holdings Inc. (RHI) registered an 18 percent growth in its nine-month consolidated net income to P120 million on the back of the strong performance of its sugar business. Consolidated revenues ...

AboitizLand to open The Outlets discount mall in Batangas next year
Rappler - 2017-12-07
MANILA, Philippines - AboitizLand, the new property arm of Aboitiz Equity Ventures Incorporated, will kick-start its commercial interests in Luzon by launching an outlet mall in Batangas. Called The Outlets, the mall will feature discount shopping all ...

Luisita coasts to Fil-Am Seniors sweep
Philstar - 2017-12-07
San Miguel Corporation finished third after a 77 and 367. Guam Kool Swingers bounced back on the last day and outshot overnight leader Teerifics 83-76 for a four-shot victory in Seniors Fil B. Jeff Lowery closed out with 29, Noly Carino and Dan Ganacias ...

SE Asian builders to reap gains from $323-B spree
BusinessWorld Online - 2017-12-07
Reyes, who helps manage $1 billion as chief investment officer at Security Bank Corp. Tax reform bill awaiting Congress approval and is among first of five tax packages proposed by Mr. Duterte to raise taxes to pay for infrastructure projects ...

Asean builders to reap gains from $323-billion spree
Business Mirror - 2017-12-07
Construction and infrastructure-related stocks will outperform in 2018, according to Noel Reyes, who helps manage $1 billion as chief investment officer at Security Bank Corp. The tax-reform bill is awaiting Congress approval and is among the first of five ...

Manila Water bags Leyte project
BusinessWorld Online - 2017-12-07
MANILA WATER Company, Inc. on Thursday said it has bagged a project to build and manage the water supply and sanitation facilities in Leyte. In a disclosure to the stock exchange, Manila Water said it received the notice of award from Leyte Metropolitan ...

Semirara sets P2-billion share buyback program
BusinessWorld Online - 2017-12-07
SEMIRARA Mining and Power Corp. (SMPC) said its board in a special meeting on Thursday approved a buyback program of up to P2 billion worth of common shares. The program aims to enhance shareholder value and to provide stockholders an opportunity to ...

5 firms qualify for next stage of Clark bidding
BusinessWorld Online - 2017-12-07
on Thursday said the companies eligible to make financial bids are China State Construction Engineering Corp., China Harbour Engineering Company Ltd., Sinohydro Corporation Limited, the joint venture of Megawide Construction Corp. and GMR Infrastructure ...

GMR-Megawide qualifies for finance bid for $250 million airport project in Philippines
Economic Times - 2017-12-07
HYDERABAD: A GMR group company along with its partner, Manila-based Megawide, and four other firms were today shortlisted for submitting financial bid for the USD 250 million Clark International Airport's new terminal building project in Philippines.

43rd MMFF Parade of Stars goes to Muntinlupa
Business Mirror - 2017-12-07
It will pass through the extents of the National Road from Barangay Tunasan to Alabang. The parade will also enter the Filinvest City via the Corporate Avenue and Bridgeway. It will end at Filinvest Event Grounds/Block 30 for a short program. After the ...

The most famous author from every state
Business Insider - 2017-12-07
The University of Alabama alumna lived in Monroeville ... In 1986, during a visit to North Central High School, he said, "All my jokes are Indianapolis. All my attitudes are Indianapolis. My adenoids are Indianapolis. If I ever severed myself from ...

Over 200 preloved cars up for grabs
Business Mirror - 2017-12-07
HMR has also made available to them its "Easy Financing" offering through its partners East West Bank, Security Bank and Global Dominion. As a gesture of further appreciation to loyal followers, the anniversary-promo winner for the auction will be ...

Luisita books sweep
Business Mirror - 2017-12-07
It was double victory for a rejuvenated Luisita under a new management, which won the Philippine Airlines Interclub earlier this year. Eddie Bagtas had a tournament best four under for 40 points and Rodel Mangalubnan churned in a two under for 38 points to ...

He built this city
Business Mirror - 2017-12-07
of the SM Group (SM City North Edsa); John Gokongwei Jr. of JG Summit Holdings (Robinsons Galleria); Andrew Tan of Megaworld Properties and Holdings Inc. (One Beverly Place); and former Ambassador Alfonso Yuchengco of the Yuchengco Group of Cos.

Lower electricity rates this December
CNN Philippines - 2017-12-07
Metro Manila (CNN Philippines, December 7) -- Consumers will pay less for electricity this December as the Manila Electric Company (Meralco) decreases its generation charge. Meralco on Thursday said customers will see a P0.3785 per kilowatt hour (kWh ...

Meet The Six Richest Filipinas In 2017, According To Forbes
Vulcan Post - 2017-12-07
Mercedes Zobel, together with her sibling Inigo Zobel, are the founders of Top Frontier Investment Holdings Inc., which currently holds the largest share of San Miguel Corporation, owning 66.1% of its stake-holds. Image Credit: Food Evolution Image Credit ...

Conglomerates in talks for 'super consortium' to upgrade NAIA
Rappler - 2017-12-07
Manuel Pangilinan-led Metro Pacific Investments Corporation, Megaworld Corporation, and the LT Group were eyeing coming together to undertake the rehabilitation and expansion of the NAIA. The report said that "the plan under discussion would be to upgrade ...

Local stocks track regional downturn
Inquirer - 2017-12-07
There were 95 decliners that edged out 90 advancers while 59 stocks were unchanged. The PSEi was weighed down most by SM Prime, DMCI, Metro Pacific and Globe Telecom, which all tumbled by more than 2 percent. BDO Unibank, SM Investments, GT Capital ...

The Coming Revolution in Health-Care Protection
Business Mirror - 2017-12-07
In Photo: Allianz executives Chief Marketing Officer Gae Martinez (third from left) and Allianz Brand Communication and Digital Director Rei Abrazaldo (fourth from left), together with the Philippine media representatives during the Allianz Digital Day in ...

Indonesian ride-hailing firm Go-Jek to expand to Philippines in 2018
Business Insider - 2017-12-07
SINGAPORE, Dec 7 (Reuters) - Indonesia motorbike-hailing startup Go-Jek plans to set up operations in the Philippines in early 2018, with other Southeast Asian countries to follow later that year, the company's chief technology officer said on Thursday.

Calata's trouble sparks investor activism in the Philippines
Nikkei Asian Review - 2017-12-07
The group plans to install George Tan, a former financial officer of a unit of telecom company PLDT, on the board. Tan, who owns around 1% of Calata's outstanding shares, said he would scrutinize the company's books. "I would like to head the audit ...

7 firms submit bids to build new Clark airport terminal
Philstar - 2017-12-06
He said the target is to award the contract for the O&M by March next year. Asked about the unsolicited proposal of the consortium composed of Filinvest Development Corp. (FDC), JG Summit Holdings Inc. and Changi Airports International for the long-term ...

AboitizPower ramping up generation capacity
Business Mirror - 2017-12-06
ABOITIZ Power Corp. is ramping up its power-generation capacity, with several hydro and base-load power plants targeted for completion next year. AboitizPower President Antonio Moraza said the company is set to add some 500 megawatts (MW) of attributable ...

Roligon stag derby to stage 100 fights
Philstar - 2017-12-06
Bakbakan 2017 is co-presented by Thunderbird The Winning Formula and B-MEG Integra Power Maxx in cooperation with Excellence Poultry & Livestock Specialists, LDI, Hagibis, Salto, Vitarich Titan, Vio-Plus, Pit Fighter and Mad Science. Sportshub ( Article ...

Top CEOs give tips on empowering employees
Philstar - 2017-12-06
Ramirez (The Philippine Star) | Updated December 7 ... On the way home from Finland on board Turkish Airlines, I watched Gifted starring Chris Evans of Captain America fame, and found the muscled Captain America in a role that could reduce mankind ...

Light Rail Manila Corp. names new head
Philstar - 2017-12-06
Prior to joining LRMC, he served as chief operating officer of Aseagas Corp., a subsidiary of Aboitiz Power Corp. He also held the position of senior vice president of the corporate services of AP Renewables Inc. of ... de Manila University and a masters ...

Government tightens screws on terror financing
Philstar - 2017-12-06
The Bangko Sentral slapped a record P1-billion fine on Rizal Commercial Banking Corp. (RCBC) where the funds were deposited and withdrawn using fictitious accounts.

AboitizPower may write off biomass facility in Batangas
BusinessWorld Online - 2017-12-06
ABOITIZ POWER Corp. might take a loss on its biomass facility in Batangas, its president said on Wednesday, days after the company said the 8.8-megawatt (MW) power plant had temporarily ceased operations. "We are currently continuing our technical ...

Phinma buys St. Jude College for P370 million
BusinessWorld Online - 2017-12-06
PHINMA Corporation on Wednesday said its subsidiary acquired a majority stake in the company behind St. Jude College in Manila. In a disclosure to the stock exchange, the listed company said Phinma Education Holdings, Inc. inked a share purchase agreement ...