Blockchain technology rolled out, disruption in finance industry expected
Business Mirror - 2017-11-24
Bank of the Philippine Islands, Citibank, East West Bank, Metropolitan Bank and Trust Co. and Union Bank) have already signed and verified customer data on the platform. "Having Citibank as one of the signatories means that Amihan is gaining recognition ...

SLEX anomalies
The Standard - 2017-11-24
The MSDR was managed first by the Construction and Development Corporation and later by the Philippine National Construction Corporation. By the end of the Marcos regime in 1986, the MSDR had already expanded as far as Calamba, Laguna. It was eventually ...

3 hurt as gas station in Mandaluyong catches fire
Philippine Daily Inquirer - 2017-11-24
Fire authorities said three individuals were brought to the hospital for treatment after the Petron gas station along Wack Wack Road near Shaw Boulevard burst into flames. In an advisory, Metropolitan Manila Development Authority (MMDA) spokesperson Celine ...

Japan to train Filipino construction workers
BusinessWorld Online - 2017-11-24
Ms. Castelo added that the government will work with Philippine construction companies like DMCI Holdings, Inc. and Makati Development Corp., to facilitate integration of returning overseas workers. Hidejiro Suzuki, Deputy Director General of MLIT ...

MRC Allied taps Chinese partner for LNG venture
BusinessWorld Online - 2017-11-24
MRC Allied, Inc. has signed a memorandum of understanding (MoU) with Guangdong Power Engineering Co., Ltd. (GPEC) to explore projects in liquefied natural gas (LNG)project in the Philippines two months after pursuing a similar deal on renewable energy ...

BPI LTNCTD issue expanded to record P12.24-billion
BusinessWorld Online - 2017-11-24
Other big banks are also in the process of offering long-term paper to investors. Apart from BPI, Philippine National Bank, Security Bank Corp., Union Bank of the Philippines, and the Metropolitan Bank & Trust Co. have rolled out their own fund-raising ...

Harbor Star buys into GenSan solar power plant operator
BusinessWorld Online - 2017-11-24
LISTED logistics company Harbor Star Shipping Services, Inc. has acquired 60% of a solar power plant operator in General Santos City for $6.3 million (P318 million) in a move it said "positions itself in the energy sector of the future." In a ...

PSEi ends nearly flat amid lack of leads
BusinessWorld Online - 2017-11-24
A day after MalacaƱang announced it has zeroed in on eight economic sectors and activities in its bid to open up the economy further to foreigners -- including public utilities like telecommunications -- Globe Telecom, Inc. and PLDT, Inc. led stocks ...

Primex takes over Stratosphere builder
BusinessWorld Online - 2017-11-24
REAL ESTATE developer Primex Corp. said it now owns 98.2% of its subsidiary that built the 31-storey Stratosphere in Makati. On Friday, it told the stock exchange that it bought an additional 10.2% of the remaining 12% in Primex Realty Corp. Primex ...

Peso weakens amid US rate hike concerns; losses limited by remittances
BusinessWorld Online - 2017-11-24
Ruben Carlo O. Asuncion, chief economist of Union Bank of the Philippines, said market participants focused on upbeat economic and corporate growth in the US. "Investors are putting a premium on economic growth and earnings growth in the final stretch of ...

Chinese firm, MRC sign LNG agreement
The Standard - 2017-11-24
MRC Allied Inc. said Friday it signed an agreement with China Energy Engineering Group Guangdong Power Engineering Co. LTD. to explore the possibility of building and operating liquefied natural gas projects in the Philippines. MRC Allied and GPEC also ...

Harbor diversifies into power generation
The Standard - 2017-11-24
Harbor Star Shipping Services Inc. has diversified into power generation through the acquisition of a 60-percent stake in Astronergy Development Gensan Inc., which is developing a solar project in General Santos. Harbor Star Shipping said in a disclosure ...

Aboitiz aims to plant a million trees
Philstar - 2017-11-24
Aboitiz, president and chief executive officer of Aboitiz Equity Ventures Inc. These partnerships were signed at a ceremony last October 26 by Aboitiz, PBSP executive director Rey Laguda, PBSP president Armin Luistro, RAFI President and CEO Jon Ramon ...

DOE highlights energy safety, transition to smart grid technology
Philippine Information Agency - 2017-11-24
This was emphasized during the K-Ligtas Awards of Manila Electric Company (MERALCO) held recently at the SMX Convention Center, Pasay City. The DOE said it shared the same ideals of MERALCO in giving recognition to organizations and businesses that promote ...

DOE highlights energy safety, transition to smart grid technology
Philippine Information Agency - 2017-11-24
This was emphasized during the K-Ligtas Awards of Manila Electric Company (MERALCO) held recently at the SMX Convention Center, Pasay City. The DOE said it shared the same ideals of MERALCO in giving recognition to organizations and businesses that promote ...

FFCCCII, ABS-CBN donate public school buldings
The Standard - 2017-11-24
ABS-CBN Broadcasting Corp. President Carlo Katigbak and other top executives recently held a meeting with Federation of Filipino Chinese Chambers of Commerce & Industry, Inc. (FFCCCII) led by President Domingo Yap. The meeting is in line with the the ...

PH stock index regains some lost ground
Inquirer - 2017-11-24
The local stock barometer rebounded on Thursday as investors took recent dips as a signal to pick up stocks, albeit in a thin trading session. The main-share Philippine Stock Exchange index added 77.55 points or 0.94 percent to close at 8,343.23 while ...

PSEi gains on selective buying
Inquirer - 2017-11-24
The local stock barometer firmed up at the end of a rough trading day on Friday, supported by selective buying of large-cap stocks. The main-share Philippine Stock Exchange index added 21.88 points or 0.26 percent to close at 8,365.11, reversing early losses.

LIST: 12 dens of Christmas
Philstar - 2017-11-24
The Christmas tree lighting also coincides with the opening of Pop Up Town, which is taking place at two locations this year - Circuit Makati ... from fashion to tech, home and other novelty items. Also available are international brands such as H ...

AUB rolls out WeChat Pay in PH
Inquirer - 2017-11-24
Rebisco group-led Asia United Bank has become the first bank in the Philippines to roll out mobile payments system WeChat Pay, allowing Chinese tourists to conveniently and seamlessly make payments using their electronic wallets. Now the second-largest ...

Meralco launching e-payment portal, consumption info service in Q1 2018
Rappler - 2017-11-24
MANILA, Philippines - Meralco announced that they are building a service portal called the Customer Experience Engine (CXE) at the 3rd Meralco Technology and Innovation Summit held earlier this week. Gavin Barfield, chief technology advisor of Meralco ...

Is getting your own office space worth it?
CNN Philippines - 2017-11-24
FAI said with Parkway Corporate Center, property becomes a tangible asset that is sure to become more valuable over time because Filinvest City, where the building is located, has experienced a 248-percent growth in land values in the last five years.

P3-B SWITEx promises southern comfort for commuters
Philippine Daily Inquirer - 2017-11-24
They can soon be transferred to SWITEx, Orbos said. Megawide Construction Corp. (MCC) is developing the facility under a public-private partnership agreement signed in January 2015. Construction started in October last year and is now 40-percent complete.

On the borders of prominence
BusinessWorld Online - 2017-11-24
Almost the size of Singapore, Clark occupies over 33,000 hectares of land and is a natural entry point to the Asia Pacific Region ... and around 220 colleges and universities, the highest number of higher education institutions outside of Metro Manila.

World-class Filipino employers
BusinessWorld Online - 2017-11-24
Six Philippine firms made a welcome appearance on the list. They were Ayala Corp. (No. 18), BDO Unibank, Inc. (No. 23), Metropolitan Bank & Trust Co. (No. 69), Aboitiz Equity Ventures, Inc. (No. 320), Manila Electric Co. (Meralco) (No. 321), and SM ...

D&L investing in new factories
Inquirer - 2017-11-23
Five years after its last expansion program, chemical and food ingredient manufacturer D&L Group plans to build new manufacturing facilities in Batangas to set the stage for future growth. In a disclosure to the Philippine Stock Exchange on Thursday, D&L ...

SMC to sell 30% of food, beverages business
Philstar - 2017-11-23
MANILA, Philippines -- The consolidated company for the food and beverage businesses of San Miguel Corp., the diversified conglomerate, will sell up to 30 percent to foreign investors to raise roughly $3 billion which could fund a war chest for future ...

Fuel Economy Run sponsored by DOE, Petron in Clark called a success
Business Mirror - 2017-11-23
THE Department of Energy (DOE), with Petron Corp., concluded on Tuesday the 13th DOE Fuel Economy Run held in Clark, Pampanga. A total of 55 participants consisting of sedans, services port-utility vehicles (SUV), multipurpose vehicles (MPV) and pickups ...

ALI to accelerate capex spending in 2018
BusinessWorld Online - 2017-11-23
AYALA LAND, Inc. (ALI) sees capital expenditure (capex) accelerating up to P100 billion in 2018, as the property giant aims to keep up with the growing demand for residential projects in the country. ALI Chief Finance Officer Augusto Cesar D. Bengzon ...

Philippines Football League: Top teams FC Meralco Manila, Ceres Negros FC lock horns
BusinessWorld Online - 2017-11-23
PHILIPPINES Football League (PFL) top teams FC Meralco Manila and Ceres-Negros FC collide today at the newly built Philippine Football Federation National Training Center in Carmona, Cavite, with the top spot at stake. Separated by just a point in the ...

LBC Express taps India firm for digital pivot
Business Mirror - 2017-11-23
AS part of its digital pivot, LBC Express Inc. signed on Wednesday ... Camahort said in a news briefing in Makati City. He, however, declined to disclose how much the "multimillion dollar" deal with Ramco Systems is worth. Camahort said this is the ...

Del Rosario triumphs
Business Mirror - 2017-11-23
The victory, worth another P150,000, was the fourth for the rookie pro, who scored a breakthrough at Orchard and ruled the Baguio stop of the circuit sponsored by ICTSI and organized by Pilipinas Golf Tournaments Inc. She then dominated a tough field at ...

Time to Bet on 4 High-Carat Hot-Shots
ih.advfn.com - 2017-11-23
What did matter is that the Point Lake discovery was a technical success that led geologists ... holds a B.A. in International Relations from the University of Pennsylvania. Sean Charland is a seasoned communications professional with experience in raising ...

Foreign firms eyeing piece of San Miguel's food, beverage unit
Rappler - 2017-11-23
MANILA, Philippines - San Miguel Corporation (SMC) said several foreign firms are courting the listed conglomerate to buy a piece of its consolidated food and beverage unit, soon to be known as San Miguel Food and Beverage Incorporated. There are plans ...

NLEX Harbor Link Segment 10 to be completed by March 2018
Business Mirror - 2017-11-23
Diokno, Public Works Secretary Mark A. Villar and Metro Pacific Investments Corp. President Jose Ma. Lim Metro Pacific Investments Corp. (MPIC) President Jose Ma. Lim and Nlex Corp. officials hosted the "Build, Build, Build" team, led by Executive ...

Andhra Pradesh to buy solar power from Kadapa plant
Economic Times - 2017-11-23
The New & Renewable Energy Development Corporation of Andhra Pradesh agreed in July to waive transmission charges from Kadapa if NTPC found a buyer. BENGALURU: Akey state utility has reversed its stand and will buy solar power from a large project ...

Meralco smart meters to enable predictive repairs, rich consumption data
Rappler - 2017-11-23
MANILA, Philippines - Technological demise awaits organizations that fail to disrupt itself, or least be disrupted by competitors. That was the core message of Meralco president and CEO, Oscar Reyes, at the third Meralco Technology and Innovation (MTECH ...

New year calls for diversifying in foreign exchange
Philstar - 2017-11-23
Only food company Del Monte Pacific Limited's preferred shares that offer a dividend rate of 6.625 percent is listed on the PSE dollar board at the moment. Since listing in April at $10, preferred shares of Del Monte has hit a high of $11.10 while the peso ...

Ford Philippines unveils year-end sale offers
Philstar - 2017-11-23
Financing deals via East West Bank are subject to credit approval. To learn more about these exciting deals, visit www.ford.com.ph/shopping/hot-deals/2017/hot-deal-2 or a Ford dealership nearest you.

AUB becomes first bank to launch WeChat Pay in PHL
Business Mirror - 2017-11-23
Riding on the rising influx of tourists from China and the growing bandwagon of mobile-payment users, publicly listed Asia United Bank (AUB) has launched WeChat Pay in the Philippines, allowing Chinese tourists in the country to conveniently and seamlessly ...

PSEi continues to weaken on profit taking
Inquirer - 2017-11-23
The main-share Philippine Stock Exchange index (PSEi) shed 23.51 points or 0.28 percent to close at 8,265.68 as investors pared down holdings in some large-cap ... Semirara all gained more than 1 percent. SM Prime, Meralco, Jollibee, Metro Pacific and ...

SMC folding packaging business into PureFoods
Inquirer - 2017-11-23
The San Miguel group plans to infuse its packaging business into consumer arm San Miguel PureFoods Co. Inc.--which will be renamed San Miguel Food and Beverage Inc.--to complete the consolidation of its traditional businesses under one roof. San Miguel ...

Small telco dreams big, eyes Chinese partners
Inquirer - 2017-11-23
Philippine Telegraph and Telephone Corp. (PT&T) is looking to invest about $200 million (P10 billion) over three years to expand its fixed broadband business in Metro Manila and key areas in Luzon, its chair Salvador B. Zamora II said. Zamora described it ...

Cirtek moves up the Global Technology Value Chain
Inquirer - 2017-11-23
Cirtek Electronics Corporation and CEIC later became the core businesses of Cirtek Holdings Philippines Inc., which in 2011 had its initial public offering--the first of many steps that Mr. Liu needed to take to realize a dream nearly three decades in the ...

Mixing the sand into the hardened soil
Inquirer Opinion - 2017-11-22
In this regard, movements in China and now in the Philippines ... plunging 4 percent; the company tried to mollify the government by releasing a game, Applaud for Xi Jinping. Gua says Beijing has proposed to increase its holdings in Alibaba (1.3 percent ...

5 teams stay unbeaten in Rebisco V League
Philstar - 2017-11-22
MANILA, Philippines -- Bacolod Tay Tung High School, De La Salle-Lipa and Holy Rosary College of the host city nailed their second straight ... the BTT spikers held off the University of San Jose-Recoletos side, 25-17, 25-23; DLL thwarted Far Eastern ...

Union Bank raises $400M
Inquirer - 2017-11-22
Aboitiz-led Union Bank of the Philippines has raised $400 million from an offshore issuance of senior notes, which would be used to refinance liabilities and expand its funding base. The five-year fixed rate senior notes were priced at 3.369 percent a year ...

Alviera raises investment to P100 billion in Porac development
Business Mirror - 2017-11-22
CLARK FREEPORT--Property developer Ayala Land Inc. and Leonio Land Holdings Inc. (LLHI), joint developers of Alviera in Porac, Pampanga, have raised their investment from P90 billion to P100 billion for the large-scale, mixed-use estate. This was ...

PSEi defies global upswing on telco jitters
Inquirer - 2017-11-22
On the other hand, Ayala Land, BPI and Semirara all gained over 1 percent. SM Prime, Meralco, Jollibee, Metro Pacific and Metrobank also slightly gained. On the other hand, a number of non-PSEi stocks advanced in relatively heavy volume. One notable gainer ...

BPI eyes up to 30 new branches next year
Philstar - 2017-11-22
MANILA, Philippines -- The 166-year old Bank of the Philippine Islands (BPI) is further expanding and improving its footprint nationwide by opening about 20 to 30 new branches next year as it continues to refurbish existing branches to improve customer ...