Zobel: As robots take over, Filipinos must learn new skills
Inquirer - 2017-11-30
Arthur Tan, CEO of Ayala-led Integrated Micro-Electronics Inc. and AC Industrial Technology, said the Philippines must focus on giving R&D incentives on the product side rather than on the component side, noting this would create more value. In the ...

Cirtek pitches novelties to boost internet speed
Inquirer - 2017-11-30
Listed Cirtek Holdings Philippines Corp. is offering new telecommunications technology solutions following its recent acquisition of United States-based antenna solutions firm, Quintel. It said the systems to be offered, through subsidiary Cirtek Advanced ...

39th REBAP convention opens today
Visayan Daily Star - 2017-11-30
With regards to business opportunities, they signed memorandum of agreements with several developers, namely DMCI Homes, Suntrust Properties Inc., Data Land, Amia and Avida of Ayala, and Century Properties. "Of those, only Data Land and Century ...

39th REBAP convention opens today
Visayan Daily Star - 2017-11-30
With regards to business opportunities, they signed memorandum of agreements with several developers, namely DMCI Homes, Suntrust Properties Inc., Data Land, Amia and Avida of Ayala, and Century Properties. "Of those, only Data Land and Century ...

Aussie guns down 2 eagles, takes CAT lead
Philstar - 2017-11-30
TARLAC, Philippines -- 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 CAT (Central Azucarera de Tarlac) Open at the ...

Duterte invites China into the Philippine telecom sector
Nikkei Asian Review - 2017-11-30
which prompted the beer-to-infrastructure conglomerate to sell its telecom assets to PLDT and Globe, thereby cementing the duopoly. Despite acquiring additional frequencies and deploying additional capital, both carriers have been heavily criticized for ...

Blaze Spikers target No. 1 seed vs Asset Managers
Philstar - 2017-11-29
MANILA, Philippines -- Petron steps up its drive for the top seeding as it tangles with Cocolife even as Generika-Ayala and Sta. Lucia try to boost their respective rankings in the Chooks-to-Go Philippine Superliga Grand Prix elims at the Filoil Flying V ...

Two decades after the Asian financial crisis: Lessons, risks (Part Four)
Business Mirror - 2017-11-29
The VLLI further consolidated its foothold in the property development scene when it consolidated Starmalls Inc. into the company. Former Sen. Manuel B. Villar Jr. returned to the company after being defeated in the 2010 presidential elections. However ...

SM, Globe team up to boost Supermall internet
Inquirer - 2017-11-29
SM Supermalls, in partnership with Globe Telecom Inc., boosts free internet services in selected SM malls nationwide starting November this year. With speedy and reliable internet connection, more shoppers and mall goers will be able to access everything ...

Filinvest Group invests P3B for high-end suites
Philstar - 2017-11-29
CEBU, Philippines -- Anticipating the influx of wealthy and long staying tourists making Cebu their vacation destination of choice, Filinvest Group will open 246 suites by 2020. For this particular facility, the company is spending P2.5 billion to P3 ...

The Big John
Philstar - 2017-11-29
EYES WIDE OPEN By Iris Gonzales (The Philippine Star) | Updated November 30, 2017 - 12:00am When taipan John Gokongwei, dapper in a dark suit and an elegant red and white tie, received his award on Monday, the crowd of tycoons and business executives ...

Honor our history
Philstar - 2017-11-29
Brilliant nineteenth polymath, doctor, bon vivant, and writer Jose Rizal and his friends gave themselves the name, half in jest and half in all seriousness after having watched a Wild, Wild West show in Paris in 1899. Indio of course was the disparaging ...

Ayala urges incentives for innovation, R&D
Philstar - 2017-11-29
MANILA, Philippines -- Top officials of conglomerate Ayala Corp. (AC) have expressed concern about the Philippines becoming a "dumping site" of old technologies from abroad, calling instead for the creation of incentives for innovation and research ...

Coal tax unfair, discriminatory - Consunji
Philstar - 2017-11-29
In a text message, DMCI Holdings chairman Isidro Consunji said tax should cover all types of fuel and not just coal which is used for coal-fired power plants. "Otherwise, it will be unfair and discriminatory," said Consunji. DMCI subsidiary Semirara ...

Globe, Landbank ink P7 B loan deal
Philstar - 2017-11-29
MANILA, Philippines -- Globe Telecom Inc. is borrowing P7 billion from state-run Land Bank of the Philippines to fund its capital expenditures. In a disclosure to the Philippine Stock Exchange yesterday, Globe said it signed a seven-year P7 billion term ...

Philippine investment boom leaves neighbors in the dust
BusinessWorld Online - 2017-11-29
Companies are also joining in: Metro Pacific Investments Corp. plans to invest as much as $16 billion through 2022 on road, water and power projects, while Ayala Land, Inc. is boosting capital spending to a record $2 billion next year. President Rodrigo R.

Global Business Power, Alsons finalize partnership in ATEC
BusinessWorld Online - 2017-11-29
GBP is an associate of Metro Pacific Investments Corp. (MPIC). MPIC is one of three key 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 ...

Investment boom sees PHL surge past peers
Business Mirror - 2017-11-29
Companies are also joining in: Metro Pacific Investments Corp. plans to invest as much as $16 billion through 2022 on road, water and power projects, while Ayala Land Inc. is boosting capital spending to a record $2 billion next year. President Duterte is ...

Globe inks P7-B loan deal with Landbank
BusinessWorld Online - 2017-11-29
GLOBE Telecom Inc. on Wednesday said it signed a P7-billion term loan facility with Land Bank of the Philippines (Landbank). In a statement, the Ayala-led telecommunications company said proceeds from the seven-year loan will be used for its capital ...

Stocks continue decline on TRAIN amendments
BusinessWorld Online - 2017-11-29
THE Philippine Stock Exchange Index (PSEi) continued its downward movement ... de Celis, equities trader at Timson Securities, Inc., said the index ended bearish due to the missile test by North Korea, as well as the rebalancing of the MSCI "The index ...

VECO assures no disruption in services as labor union threatens to go on strike
BusinessWorld Online - 2017-11-29
VECO, owned by Aboitiz Power Corp. and Vivant Corp., is the second-largest utility in the country covering major cities and four towns in Cebu. -- The Freeman

17 women rights defenders killed under Duterte
Bulatlat - 2017-11-29
The latest victim, Elisa Badayos of Karapatan-Central Visayas, was killed on Nov. 28 while conducting a fact-finding mission in Negros Oriental ... such as Agusan Petroleum and Mineral Corporation on their ancestral lands. The couple also donated a ...

Japan lending money for upkeep of MRT 3
Business Mirror - 2017-11-29
LRMC, a partnership between MPIC and Ayala Corp., operates the Light Rail Transit (LRT) Line 1. The group lifted the same provisions under the concession agreement under the LRT 1 operations and modernization deal, which it bagged in 2014. It means that ...

MPIC unit, Alsons seal power deal
Business Mirror - 2017-11-29
Alcantara said. "We look forward to bringing together the technical expertise and unique strengths of our two organizations in ensuring power security in the Southern Philippines." The synergy will be realized once interconnection of the grid makes it ...

Miner allocates P1.2 million for scholarship program
BusinessMirror. - 2017-11-29
To note, MMDC parent Marcventures Holdings Inc. (MHI) reported revenues for the three-month period ended September 30 increased by P93.7 million, compared to the same period in 2016. In a statement, MMDC said education is one of the major social ...

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 ...