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 ...

Unique lights show hits the Metro South
CNN Philippines - 2017-11-27
That is what inspires us to improve this tradition that we have started year after year," says Kate Ilagan, executive vice president of Filinvest Alabang Inc. Picture this: A forty-foot cone stands bare, save for a colorful topper, which also happens to ...

U.P. can find only Sereno's 2002 SALN
Rappler - 2017-11-27
MANILA, Philippines - The University of the Philippines (UP)'s Human Resources Development Office (HRDO) told the House committee on justice on Monday, November 27, that it could only retrieve the 2002 Statement of Assets Liabilities and Net Worth (SALN ...

MGen finalizes loan for Atimonan project
BusinessWorld Online - 2017-11-27
MERALCO POWERGEN Corp. (MGen), the power generation arm of Manila Electric Co. (Meralco), has agreed with lenders on the terms of a P107.5-billion loan to fund about two-thirds of its 1,200-megawatt (MW) coal-fired power plant in Atimonan, Quezon.

Ten years after retirement, Gokongwei says JGS businesses continue to flourish
BusinessWorld Online - 2017-11-27
"I have to say though that the timing is impeccable. The mark of a good manager, as they say, is to make oneself dispensable, and I believe that 10 years hence, the business has prospered under their capable leadership, coupled by a bench of professional ...

Is Competition Policy Relevant to Small Business?
BusinessWorld Online - 2017-11-27
The lack of market competition hurts most businesses and all consumers. It limits access to goods and services, keeps prices up and quality low, discourages innovation, and stifles business opportunities. Two years ago, the Philippines passed its first ...

ICTSI inks MoA with PNG landowner groups
BusinessWorld Online - 2017-11-27
The ICTSI facilities at the south port in Manila's port area. -- BW FILE PHOTO INTERNATIONAL Container Terminal Services, Inc. (ICTSI) recently forged an agreement with community landowner groups in Lae, one of two cities where it will operate ports in ...

Mining stocks fall as Senate approves nearly 3,000% coal tax hike
Rappler - 2017-11-27
One notable decliner on Tuesday was the Philippines' largest coal producer, Semirara Mining and Power Corporation (SMPC), which saw its stock fall by -6.97%. SMPC chairman Isidro Consunji said the Senate's proposal tilts the playing field. "If the ...

Oil firms hike diesel, kerosene prices
The Standard - 2017-11-27
Aside from Seaoil, oil firms who issued price advisories of the increase includes Phoenix Petroleum Philippines, PTT Philippines, Eastern Petroleum, and Flying V while other oil firms are expected to follow. Last November 21, the oil firms cut the price of ...

Philippines' PLDT says its digital unit may bring in a Chinese partner
Reuters - 2017-11-27
MANILA (Reuters) - PLDT Inc, one of only two wireless carriers in the Philippines, said on Monday its digital applications unit could bring in a Chinese partner and even PLDT itself is open to tying up with a mainland firm. The comments by PLDT Chairman ...

Italpinas reducing par value of shares of stock
Business Mirror - 2017-11-27
BOUTIQUE property developer Italpinas Development Corp. is reducing the par value of its shares of stock. The company said its board of directors last week has approved the reduction of the par value to P0.05 from the previous P0.50. This will increase its ...

Maynilad sets aside P10 billion to build new sewer lines
Business Mirror - 2017-11-27
MAYNILAD Water Services Inc. (Maynilad ... Maynilad said. The company serves as the agent and private water contractor of the Metropolitan Waterworks and Sewerage System (MWSS) for the West Zone and the Greater Manila Area, which is composed of the ...

Diesel, kerosene prices to go up Tuesday
interaksyon.com - 2017-11-27
Shell, Unioil Petroleum Philippines, Phoenix Petroleum Philippines, PTT Philippines, and Eastern Petroleum will follow with their respective upward price adjustments at 6:00 a.m. on the same day. There are no changes in gasoline pump prices.

Century Properties Group forays into leisure, tourism
interaksyon.com - 2017-11-27
MANILA - Real estate developer Century Properties Group (CPG) is developing a 54-hectare property into an art park and retirement community in Nasugbu, Batangas, as it forays into the leisure and tourism sector. The Batulao Artscapes, dubbed as the world ...

Century Properties Group forays into leisure, tourism
InterAksyon - 2017-11-27
MANILA - Real estate developer Century Properties Group (CPG) is developing a 54-hectare property into an art park and retirement community in Nasugbu, Batangas, as it forays into the leisure and tourism sector. The Batulao Artscapes, dubbed as the world ...

Union Bank of the Philippines opts to increase notes offer to $500m
The Standard - 2017-11-27
Union Bank of the Philippines, the 10th largest lender in terms of assets, said Monday it increased the size of its senior notes due 2022 by $100 million from $400 million to $500 million on strong demand from foreign investors. The notes are issued under ...

Fresh start for Magnolia as it shoots for PBA title
The Standard - 2017-11-27
but also other untapped and less developed markets as well through an established league like the PBA," said San Miguel Pure Foods Company, Inc. president Francisco S. Alejo III. The team is one among those with the most titles in the league, capturing ...

Union Bank upsizes offshore notes issue by $100M
Inquirer - 2017-11-27
Aboitiz-led Union Bank of the Philippines has raised an additional $100 million from the offshore issuance of five-year senior notes, riding on strong investor appetite for its medium-term note (MTN) program. In a disclosure to the Philippine Stock ...

Megaworld to start Upper East in 2018
Visayan Daily Star - 2017-11-27
MANILA - Megaworld Corporation will start the development of The Upper East in Bacolod City next year, Harold Geronimo, Megaworld assistant vice president for public relations and external affairs, said. Geronimo said they will also start the construction ...

Rebranded Magnolia Hotshots ready to step gas on PBA bid
Philstar - 2017-11-27
While the game schedules are yet to be revealed, Magnolia is assured of a Christmas Day tussle with San Miguel Corporation sister team Barangay Ginebra at the Philippine Arena in Bulacan.

Philippines' PLDT says its digital unit may bring in a Chinese partner
Investing.com - 2017-11-27
MANILA (Reuters) - PLDT Inc, one of only two wireless carriers in the Philippines, said on Monday its digital applications unit could bring in a Chinese partner and even PLDT itself is open to tying up with a mainland firm. The comments by PLDT Chairman ...

URC eyes sugar tax, Vietnam rebound as keys to lift sagging growth
Rappler - 2017-11-27
MANILA, Philippines - A proposed sugar tax which would hurt competitors and a new push for beverages in Vietnam are the key ingredients to a turnaround in the fortunes of Universal Robina Corporation (URC) heading into next year, according to president ...