Aussie leads CAT Open
Business Mirror - 2017-11-29
AUSTRALIAN Andrew Campbell eagled two par-5s and birdied the two others, as he shot a seven-under 65 to wrest a two-stroke lead over Swede Oskar Arvidsson at the start of the $100,000 Central Azucarera de Tarlac (CAT) Open at the Luisita Golf and Country ...

Feel the sparkle of Christmas at Filinvest City
Inquirer - 2017-11-29
With the "Sparkle of Christmas at Filinvest City," this masterplanned urban center and central business district in Alabang literally sparkles as its streets had been adorned with bright, festive lights--more so, as locators within Filinvest City are ...

BSP sees higher power rates, 2.9-3.6% inflation in November
interaksyon.com - 2017-11-29
In a statement, the Bangko Sentral ng Pilipinas (BSP) said its Department of Economic Research has considered the higher oil prices to push electricity rates in areas being serviced by the Manila Electric Company. This upward risk, it said, "could be ...

Court orders liquidation of Uniwide
Inquirer - 2017-11-29
In an order dated Nov. 23, the RTC of ParaƱaque Branch 258 issued an order to liquidate Uniwide Sales Inc., Uniwide Holdings Inc., Naic Resources and Development Corp., Uniwide Sales Realty and Resources Corp., First Paragon Corp. and Uniwide Sales ...

BSP slaps sanctions on Metrobank for P1.75-B internal fraud case
Rappler - 2017-11-29
Last year, the BSP fined Yuchengco-led Rizal Commercial Banking Corporation (RCBC) a record P1 billion in connection with its role in the Bangladesh Bank heist. - Rappler.com Are you passionate about good food? Learn how to prepare and cook healthy meals ...

Meralco eyes Asian partners for Atimonan coal power plant
Philstar - 2017-11-29
For this year, the company is looking to slightly surpass its core profit, noting that the surge in sales will be tempered by the growing retail competition and ongoing developments in its power generation business. The company has set a guidance on 2017 ...

Government readies estate tax amnesty in 2018
Philstar - 2017-11-29
According to the finance chief, the estate tax amnesty program would be legislated ... such as in the cases of Mighty Corp., Sunvar Realty Development Corp. and Philippine Airlines. He said the program would help generate more funds for the government ...

Robinsons Retail Holdings deploys cashless payments via PayMaya QR
Philstar - 2017-11-29
MANILA, Philippines (As released) -- Robinsons Retail Holdings Inc., in partnership with PayMaya Philippines, is now enabling mall-goers to do quick and seamless digital transactions through PayMaya QR, as Robinsons Galleria in Ortigas is now among the ...

CanCham launches 12th International ICT Awards PH
Philippine Information Agency - 2017-11-29
The 12th International ICT Awards will culminate in a Gala Night to be held on 22 March 2018. PLDT Inc. and Globe Telecom Inc. will be handing out the major recognition to two business-process outsourcing (BPO) firms at the 12th International Information ...

Metrobank to allot P4.45B capital buffer amid internal fraud
Inquirer - 2017-11-29
Metrobank was likewise required to execute and submit a letter ... for the incident and commits to implementing the directives," the bank told the Philippine Stock Exchange on Tuesday. With P2-trillion in assets and P210 billion in equity, Metrobank ...

Two decades after the Asian financial crisis: Lessons, risks (Part 3)
Business Mirror - 2017-11-28
One of them was what is known today as DMCI Holdings Inc. DMCI--its name came from the acronym ... Universal Rightfield sold 2,000 shares and then listed at the Philippine Stock Exchange (PSE) to further monetize the shares. UNIVERSAL Rightfield also ...

Customs chief eases cargo release
Philippine Daily Inquirer - 2017-11-28
This latest policy pronouncement will be enforced in four pilot ports: ports of Manila and Batangas, which are served by the same terminal operator, Asian Terminals Inc., and port of Subic and MICP, also served by International Container Terminal Services ...

Maynilad spending P10 B for sewerage upgrade
Philstar - 2017-11-28
MANILA, Philippines -- West Zone concessionaire Maynilad Water Services Inc. is allocating P10 billion in the next ... and certain portions of Manila, Quezon City, Makati and Cavite.

Philippine bank penalized for $35-million fraud
Business Mirror - 2017-11-28
The Philippine Central Bank penalized Metropolitan Bank & Trust Co. (Metrobank) by suspending some officials and ordering it to set aside funds following an internal fraud that cost the lender P1.75 billion ($35 million). Sanctions ranged from a reprimand ...

Aboitiz food unit investing P1.7 B for feeds plants
Philstar - 2017-11-28
CAPAS,Tarlac -- Pilmico Foods Corp., the food unit of conglomerate Aboitiz Equity Ventures Inc., will likely invest P1.7 billion over the next three years in a bid to ramp up its foothold in the local feeds industry. Pilmico assistant vice president ...

Metrobank vows compliance to BSP sanctions, assures clients
Philstar - 2017-11-28
The central bank did not name the suspended officials but sources said those suspended include Metrobank president and director Fabian Dee as well as Metrobank director Vicente Cuna Jr. who is also president of Philippine Savings Bank. Dee was appointed ...

Cebu Landmasters targets 42% profit rise in 2018
BusinessWorld Online - 2017-11-28
CEBU Landmasters, Inc. (CLI) is aiming to grow earnings by as much as ... Shares in CLI lost two centavos or 0.43% to close at P4.66 at the Philippine Stock Exchange on Tuesday.

Customs eliminates exit gate inspectors at 4 ports
BusinessWorld Online - 2017-11-28
Personnel with the Pier and Inspection Division (PID) and customs police of Enforcement and Security Services (ESS) are no longer authorized to check gate passes at the terminal gates ... at the Manila International Container Port (MICP) on Monday.

PayMaya partners with Robinsons Retail for cashless payments
BusinessWorld Online - 2017-11-28
Also, Globe Telecom, Inc. partnered with Robinsons Retail to allow GCash users to make purchases at Robinsons Department Store, Robinsons Supermarket, and merchant brands Topshop, Topman, Dorothy Perkins, Warehouse, and G2000 in Robinsons Galleria.

SMC fined P769m for late filing
The Standard - 2017-11-28
San Miguel also reportedly made a late filing on the subsequent change in the beneficial ownership when it sold a portion of its Meralco stake to unit San Miguel Pure Foods Co. Inc. San Miguel allegedly submitted both reports 165 days late--a violation of ...

RCBC set to increase capital to 2.6b shares
The Standard - 2017-11-28
RIZAL Commercial Banking Corp., the ninth-largest lender in terms of assets, will increase its capital base, especially common shares, to 2.6 billion from 1.4 billion with a par value of P10 apiece. The bank said in a disclosure to the stock exchange ...

Pilmico to ramp up animal feeds production
Business Mirror - 2017-11-28
CAPAS, Tarlac--Pilmico Foods Corp. (Pilmico), the food subsidiary of listed conglomerate Aboitiz Equity Ventures Inc. (AEV), said on Tuesday it is planning to put up additional feed mills to expand its animal feeds production by more than a third.

Cashless payments now available at Robinsons retail outlets via PayMaya QR
interaksyon.com - 2017-11-28
MANILA, PHILIPPINES -- Robinsons Retail Holdings, Inc., in partnership with PayMaya Philippines, is now enabling mall-goers to do quick and seamless digital transactions through PayMaya QR, as Robinsons Galleria in Ortigas is now among the first shopping ...

Cashless payments now available at Robinsons retail outlets via PayMaya QR
InterAksyon - 2017-11-28
MANILA, PHILIPPINES -- Robinsons Retail Holdings, Inc., in partnership with PayMaya Philippines, is now enabling mall-goers to do quick and seamless digital transactions through PayMaya QR, as Robinsons Galleria in Ortigas is now among the first shopping ...

PLDT open to Chinese strategic partners
Rappler - 2017-11-28
Last week, another Chinese internet giant, Tencent, launched its WeChat cashless payment service through a partnership with Asia United Bank. - Rappler.com Are you passionate about good food? Learn how to prepare and cook healthy meals, eat mindfully and ...

5TH ICTSI Kiteboarding a go!
Business Mirror - 2017-11-28
THE International Container Terminal Services Inc. (ICTSI) Philippine Kiteboarding Tour kicks off its fifth season on Friday with more than 300 participants, led by Swedish ace Atte Kapel and young star Christian Tio, raring to showcase their skills and ...

BSP sanctions Metrobank for ?1.75B fraud case
CNN Philippines - 2017-11-28
Metro Manila (CNN Philippines, November 28) -- The Bangko Sentral ng Pilipinas (BSP) on Tuesday formally slapped sanctions on Metropolitan Bank and Trust Company (Metrobank) related to to the ?1.75 billion fraud case allegedly perpetrated by one of its ...

Cirtek moves up the global technology value chain
Philstar - 2017-11-28
Fast forward to 2016, Cirtek Holdings hired former investment banker Roberto Juanchito Dispo as president and attracted Silicon Valley legend Diosdado "Dado" Banatao to the company's board. He was given the role of technology adviser to help draw a roadmap ...

Philippines stocks lower at close of trade; PSEi Composite down 0.83%
Investing.com - 2017-11-28
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 114 to 75 and 53 ended unchanged. Shares in LT Group Inc (PS:LTG) rose to 3-years highs; rising 2.53% or 0.480 to 19.480. Gold Futures for December delivery was down 0.11% or 1 ...

Diesel, kerosene prices up
Visayan Daily Star - 2017-11-28
Flying V announced that it will implement the new prices for its bio-diesel and kerosene effective 12:01 a.m. Shell, Unioil Petroleum Philippines, Phoenix Petroleum Philippines, PTT Philippines, and Eastern Petroleum will follow with their respective ...

Ministop becomes the 1st convenience store to accept QR payments via GCash
Inquirer Technology - 2017-11-28
Ministop is a franchise of Ministop Co. Ltd., one of the largest convenience store chains in Japan. It is a subsidiary of Robinsons Retail Holdings, Inc., the second-largest multi-format retailer in the Philippines. "We are excited over this partnership ...

BSP sanctions Metrobank over P1.75-B internal fraud
Philstar - 2017-11-28
MANILA, Philippines (Updated 11:28 a.m.) -- The Bangko Sentral ... In a statement, the BSP said the Monetary Board approved the imposition of sanctions on Metrobank that ranged from reprimand to suspension of directors and officers "who failed ...

CBS offers loans bundled with insurance
Inquirer - 2017-11-28
China Bank Savings (CBS) teamed up with Manulife China Bank Life Assurance Corp. (MCBL), a the bancassurance venture between insurer Manulife Philippines and parent ... to cash for immediate and emergency financial needs," said CBS president Alberto ...

New Mexico AG Supports Tribal Defendants in Civil Action Filed by CFPB
Lexology - 2017-11-28
While the Act anticipates regulatory coordination among the CFPB, states, and tribes, by attempting to enforce the Act against a tribal entity, the CFPB attempts to treat its co-regulator as ... offered by the New Mexico Finance Authority and the New ...

EXPORT AND INDUSTRY BANK
Economic Times - 2017-11-28
Mahindra World City (MWC) Jaipur has added 10 customers in the last one year, generating about Rs 500 crore investment, the Mahindra group's realty firm said in a statement. Manufacturing is the big theme and within it, 4 sectors to lead in long-term ...

Two decades after the Asian financial crisis: Lessons, risks
Business Mirror - 2017-11-27
Even the Ayala group signified interest in the company but ... It had a lot of unpaid bills to suppliers, even unpaid Social Security System contribution of the employees, retirement pays. A lot of them reportedly sued the company, Consunji said.

Mass media exclusive to Filipinos
Philstar - 2017-11-27
TOP OF MIND By Kris Marian D. Banzon (The Philippine Star) | Updated November 28, 2017 - 12:00am "No law shall be passed abridging the freedom of speech, of expression, or of the press, or the right of the people peaceably to assemble and petition the ...

Cheers for tourism and balikbayans
Philstar - 2017-11-27
BIZLINKS By Rey Gamboa (The Philippine Star) | Updated November 28, 2017 - 12:00am While the Christmas season generally connotes increased traffic on our already congested urban road for most Filipinos, it also is the time when many of our kababayans ...

Diesel, kerosene prices up today
Philstar - 2017-11-27
Gasoline prices remain unchanged this week. In separate text advisories, Pilipinas Shell Petroleum Corp. and SeaOil Philippines Inc. said they implemented their price hikes at 6 a.m. Phoenix Petroleum Philippine Inc., Eastern Petroleum Corp. and PTT ...

Luxury cars, misdeclared goods seized at Manila port
Philippine Daily Inquirer - 2017-11-27
... collector lawyer Ruby Alameda because it had been overstaying at the container yard of the International Container Terminal Services. The used luxury cars were consigned to different individuals in Apalit, Pampanga; San Rafael, Bulacan; and Cagayan de ...

Indonesia volcano forces mass evacuation, shuts Bali airport
Philippine Daily Inquirer - 2017-11-27
The Chinese consulate said on its website that airlines and travel services were arranging 100 ... 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 ...

Audit puts amount stolen by bank exec at P1.7B
Inquirer - 2017-11-27
On Saturday, Metrobank chair Arthur Ty told the Inquirer that a rigorous ... 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 articles ...

NOW to enter residential broadband market
Philstar - 2017-11-27
The company is now implementing the P57 million contracts on e-mail and collaboration system of the Supreme Court. The first residential area that has been activated is Corinthian Village in Quezon City, whose residents may now avail of the high-quality ...

Philippines' PLDT says its digital unit may bring in a Chinese partner
Business Insider - 2017-11-27
[nFWN1LE0U0] And broadband services provider Philippine Telegraph & Telephone Corp is in talks ... speaking on the sidelines of a gathering of business executives. "I think (partnering with Chinese companies) is a rather novel idea. I think it's something ...

SEC OKs Puregold merger with 3 grocery chains
interaksyon.com - 2017-11-27
MANILA - The Securities and Exchange Commission (SEC) has approved the merger between listed supermarket chain operator Puregold Price Club Inc and three acquired grocery chains. The SEC on Friday issued the certificate of merger of Puregold with Daily ...

SEC OKs Puregold merger with 3 grocery chains
InterAksyon - 2017-11-27
MANILA - The Securities and Exchange Commission (SEC) has approved the merger between listed supermarket chain operator Puregold Price Club Inc and three acquired grocery chains. The SEC on Friday issued the certificate of merger of Puregold with Daily ...

China Bank Savings, Manulife tie up for insurance bundle
Philstar - 2017-11-27
MANILA, Philippines -- China Bank Savings (CBS) has partnered with Manulife China Bank Life Assurance Corp. (MBCL) to launch a new loan ... quick and easy access to cash for immediate and emergency financial needs. "This is a first in Philippine banking ...

ABS-CBN adding 2 new sound stages next year
Philstar - 2017-11-27
MANILA, Philippines -- ABS-CBN Corp. expects its two sound stages to be operational before the end of next year, a move that would allow the firm to generate about 10 to 15 percent savings in production costs. ABS-CBN chief financial officer Aldrin ...

SEC clears Puregold takeoverof Budgetlane grocery chain
Philstar - 2017-11-27
Cosco Capital reported a higher nine-month income of P5.4 billion from a year ago, driven by the liquefied petroleum gas and grocery businesses Puregold Price Club Inc. and S&R Membership Shopping Club, contributed 58 percent of total profit, followed by ...

Investment potential in green buildings to reach P100B by 2020
Malaya Business Insight - 2017-11-27
For John Gokongwei Jr., chairman emeritus of JG Summit Holdings, Inc., his award as the 41st Management Man of the Year by the Management Association of the Philippines (MAP... The Department of Finance has submitted to the President the draft executive ...