WB unit invests P650m in Discovery hotel chain
The Standard - 2017-11-21
The private sector arm of the World Bank invested P650 million in Discovery World Corp., the operator of Discovery hotel chain, to meet the growing demand for hospitality infrastructure in the Philippines. Under the agreement, International Finance Corp ...

Philippines' PT&T seeks Chinese help to build telecoms business
NASDAQ - 2017-11-21
MANILA, Nov 21 (Reuters) - Philippine Telegraph & Telephone Corp will partner with Chinese companies to challenge ... Zamora, whose business interests include mining, real estate and energy, described Duterte's move as a "Godsend", adding that Chinese ...

Business district to rise in Cavite
Inquirer - 2017-11-21
Property giant Megaworld Corp. wants to build a Makati City in Cavite, a fast growing province south of Metro Manila. Megaworld, which is controlled by tycoon Andrew Tan, announced on Monday a plan to build a new business district within the 140-hectare ...

Duterte offers China 3rd telco carrier slot
Philippine Daily Inquirer - 2017-11-21
One way is for a Chinese telco company to partner with a local player. Philippine Telegraph & Telephone Corp. (PT&T), which has new owners led by Salvador B. Zamora II and Benjamin Bitanga, is in talks with potential foreign investors. Among these ...

Cirtek moves up the global technology value chain
BusinessWorld Online - 2017-11-21
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 ...

Trade Secretary: Up to a year before new telco enters
CNN Philippines - 2017-11-21
Metro Manila (CNN Philippines, November 21 ... trabaho negosyo ang kailangan (in President Duterte's objective of poverty alleviation, work and business is necessary)," said Lopez. The country has an existing Trade and Investment Framework Agreement ...

Diversifying in FX
Inquirer - 2017-11-21
Many economists think the weakness of the Philippine peso will persist through 2018, no thanks to an expected more hawkish stance by the U.S. Federal Reserve. Even, the Bangko Sentral ng Pilipinas has said it has allowed a modest and gradual depreciation ...

Re-visiting Carlos Bulosan
Bulatlat - 2017-11-21
I presented a paper at the Michigan State University Conference on Philippine Studies, entitled "The Diplopic Consciousness of Overseas Filipino Writers." I commend San Juan for re-visiting Carlos Bulosan, especially to colleagues and institutions in ...

Telcos and banks battle over Philippines cashless payments
Nikkei Asian Review - 2017-11-21
FTCR data showed 89 per cent of Filipinos were concerned about the privacy of their financial data when conducting online transactions, the highest among the Asean-5 (see chart). Philippine banks are healthy and profitable, but installing new cyber ...

Sandigan junks graft raps vs Gatchalians
Philstar - 2017-11-21
Aside from the Gatchalians, also acquitted were former LWUA officials Eduardo Bangayan and Aurelio Puentevella; Wellex Group Inc. corporate executive Yolanda dela Cruz; Forum Pacific Inc. (FPI) executives Elvira Ting, Peter Salud, Geronimo Velasco ...

Exclusive: Philippines' PT&T seeks Chinese help to build telecoms business
News Philippines Yahoo - 2017-11-21
Zamora, whose business interests include mining, real estate and energy, described Duterte's move as a "Godsend", adding that Chinese companies could not operate alone in the Philippines ... Duterte's administration is seeking to set up a national ...

Erice, 5 mining firm execs charged with falsification
Philippine Daily Inquirer - 2017-11-20
Three years later, he said they transferred the rights for the application of a mineral production sharing agreement (MPSA) for the said mining site to Manila Mining Corp. (MMC). In October 2005, Basiana said he agreed to execute a supplemental agreement ...

Erice, 5 mining firm execs charged with falsification
Philippine Daily Inquirer - 2017-11-20
Three years later, he said they transferred the rights for the application of a mineral production sharing agreement (MPSA) for the said mining site to Manila Mining Corp. (MMC). In October 2005, Basiana said he agreed to execute a supplemental agreement ...

Mining ban still in effect, says Roque
The Standard - 2017-11-20
In August 2000, BMEC assigned its rights over its mining application to Manila Mining Corp. with the express provision that notwithstanding the agreement, it remained the real and true owner of the application and that it can revoke agreement anytime.

SKY Perfect JSAT And KVH To Deliver Maritime Broadband Services
The Street - 2017-11-20
KVH's advanced mini-VSAT Broadband sm service will incorporate ... SJC to accelerate its development and provision of next-generation services that will meet the ever-growing demand for maritime broadband. SKY Perfect JSAT Corporation is a leader in ...

Bluegrass Market Review | Central Ky. talent proactively manages operations, finance, tech and cyber security
Lane Report - 2017-11-20
The keynote speaker asked for a show of hands - from among the thousands of companies represented - of companies ... such as the Kentucky Economic Development Finance Authority. And CLX is in the same building as The Bluegrass Alliance and the ...

Banks eye digital banking ID facility
Philstar - 2017-11-20
Several major banks including BDO, BPI, Citibank, East West Bank, AUB, Metrobank, and Union Bank have already signed on to accept and verify customer data on the platform, while other banks are soon expected to follow. There are only 44 million out of 100 ...

Gadia lifts FC Meralco over Global
Philstar - 2017-11-20
MANILA, Philippines -- FC Meralco Manila banked on a late strike ... In the last 15 minutes of the game he did his job well," said Meralco coach Aris Caslib of the former University of the Philippines star who scored his maiden goal in the PFL.

DOTr boasts of PH airports' 'punctuality' in global poll - but poll says otherwise
Rappler - 2017-11-20
Not all starred ratings point to a stellar performance. On Friday, November 19, the Department of Transportation (DOTr) proudly released the results of the latest Official Aviation Guide (OAG) rankings of airports' punctuality worldwide. "GOOD NEWS: 8 PH ...

Investors swamp 5-year RTB auction
InterAksyon - 2017-11-20
Metropolitan Bank & Trust Company (Metrobank), Philippine Bank of Communications (PBCom), ING Bank, FMIC, Philippine National Bank, Rizal Commercial Banking Corporation (RCBC), Robinsons Bank Corporation, Security Bank Corporation (Security Bank), and ...

Investors swamp 5-year RTB auction
interaksyon.com - 2017-11-20
Metropolitan Bank & Trust Company (Metrobank), Philippine Bank of Communications (PBCom), ING Bank, FMIC, Philippine National Bank, Rizal Commercial Banking Corporation (RCBC), Robinsons Bank Corporation, Security Bank Corporation (Security Bank), and ...

BTr sells P130 B retail T-bonds
Philstar - 2017-11-20
Metropolitan Bank and Trust Co., Philippine Bank of Communications, Philippine National Bank, Rizal Commercial Banking Corp., Robinsons Bank Corp., Security Bank Corp., and United Coconut Planters Bank. To promote the RTB issuance, the BTR is also planning ...

Lawmaker, LP financier face raps
Philstar - 2017-11-20
MANILA, Philippines -- A stalwart and a top financier of the Liberal ... P2.8 billion in revenues from unauthorized operations of their mining firm SR Metals Inc. Rodney Basiana, a small-scale miner from Agusan del Norte, filed the complaint against ...

Megaworld to develop Cavite business district
BusinessWorld Online - 2017-11-20
Megaworld Corp. is developing Maple Grove Commercial District in Cavite. -- MEGAWORLD MEGAWORLD Corp. is planning to develop a Makati-inspired business district in General Trias, Cavite. In a statement, the property firm of tycoon Andrew L. Tan said it is ...

Duterte: Telecom duopoly to end
BusinessWorld Online - 2017-11-20
Salalima "prevented the earlier breakup of the duopoly by delaying the use of satellites as viable option." Globe Telecom, Inc. and PLDT, Inc. are the only service providers in the country. At present, the Philippines has one of the slowest and most ...

DoTr reviews unsolicited proposal for Clark airport
BusinessWorld Online - 2017-11-20
BW FILE PHOTO THE Department of Transportation (DoTr) and the Bases Conversion and Development Authority (BCDA) will review the unsolicited proposal of the Filinvest Development Corp. (FDC) and JG Summit Holdings, Inc. (JGS) consortium for the long-term ...

Meralco maintains top position in PFL standings
BusinessWorld Online - 2017-11-20
FC Meralco Manila maintained its hold of the PFL top spot after beating Global Cebu FC, 2-1, last Sunday. -- FC MERALCO MANILA FACEBOOK ACCOUNT FC Meralco Manila kept its position on top of the Philippines Football League (PFL) standings as the regular ...

Now Corp. trims losses in 3 rd quarter
BusinessWorld Online - 2017-11-20
NOW Corp. narrowed its losses in the third quarter to P1.05 million from P13.86 million recorded during the same period last year. In a regulatory filing, Now Corp. said its nine-month net income stood at P84,672, reversing the P25.30-million loss last year.

Main index inches higher on Draghi, blue chips
BusinessWorld Online - 2017-11-20
Limlingan, managing director at Regina Capital Development Corp., said the market may have ... "While our market ended slightly up today led by SM (SM Investments Corp.), BDO [Unibank, Inc.] and BPI (Bank of the Philippine Islands), I think the index ...

China Mobile or China Telecom as Philippines' 3rd major telco?
Rappler - 2017-11-20
(READ: PLDT, Globe, Meralco: Yes to foreign players) Last week, the Philippine government signed a deal with a Facebook subsidiary to build "ultra high-speed" broadband infrastructure, which would make the government virtually another major player in the ...

Stock market rises; BDO up
The Standard - 2017-11-20
Losers outnumbered gainers, 122 to 80, while 42 issues were unchanged. Ten of the 20 most active stocks ended in the green, led by real estate company MRC Allied Inc. which jumped 13.2 percent to P0.385 and oil exploration company PXP Energy Corp. which ...

PSE: 2017 and 2018
Business Mirror - 2017-11-20
LT Group Inc., SM Investments Corp. and International Container Terminals Inc. are all up more than 40 percent. Megaworld Corp. is the big winner so far, gaining over 50 percent. Why did investors bet so heavily on the PSE in 2017? One factor was the ...

Lawmaker seeks clear delineation of powers between ERC and PCC
Business Mirror - 2017-11-20
In his presentation, the lawmaker said First Gen Corp. of the Lopez Group corners 19.63 percent market share, the San Miguel Group with 18.73 percent share and the Aboitiz Group with 17.48 percent, totaling 55.84 percent for the three firms.

Professional group, ING Bank name Limcaoco CFO of the Year
Business Mirror - 2017-11-20
Ayala Land, its real-estate development arm, was recently named the Most Socially Responsible Company of the Year at the Asia Corporate Excellence and Sustainability Awards in Singapore. "At Ayala, we are known for large businesses that touch many lives ...

Metro Manila needs more than 69,000 rooms to accommodate tourists-study
Business Mirror - 2017-11-20
Meanwhile, Ayala Land Group has rolled out six Seda Hotels, while the Vista Land Group is building four hotels under the Mella Brand to add to its current operation of the Boracay Sands Hotel. The second-tier Eurotower Group, on the other hand, has ramped ...

1st Philippine TBI Summit
Sun Star - 2017-11-20
Gipatik sa mantalaang Superbalita Cebu Nobyembre 21, 2017. Latest issues of SunStar Superbalita-Cebu also available on your mobile phones, laptops, and tablets. Subscribe to our digital editions at epaper.sunstar.com.ph and get a free seven-day trial.

Maynilad prepares for delay in Kaliwa Dam construction
Business Mirror - 2017-11-20
MAYNILAD Water Services Inc. (MWSI ... the concessionaire for the west zone of Metro Manila, estimates the facility that will source water from murky Laguna Lake to cost P4 billion. Estrellado said the company has already informed the Metropolitan Water ...

Oil companies cut prices at pumps
Business Mirror - 2017-11-20
Phoenix Petroleum Philippines Inc. and Eastern Petroleum Corp. will also implement a price rollback in gasoline and diesel at the same amount. "This [rollback] is to reflect movements in the international petroleum market," Seaoil said. Other oil firms ...

Udenna expands property business via Clark purchase
Business Mirror - 2017-11-20
Clark Global City Corp. (CGCC), a wholly-owned subsidiary of Udenna Development Corp. (Udevco), has successfully acquired the entire outstanding capital stock of Global Gateway Development Corp. Holdings ... efforts to decongest Metro Manila.

Substitute Gadia lifts Meralco XI
Business Mirror - 2017-11-20
SUBSTITUTE Daniel Gadia nailed the game-winner in the 86th minute to rescue FC Meralco Manila past Global Cebu, 2-1, and bolster its hold of the top of the table in the Philippines Football League (PFL) last Sunday night at the Rizal Memorial Stadium.

Matilda waltzes into Meralco
Philstar - 2017-11-20
SOUNDS FAMILIAR By Baby A. Gil (The Philippine Star) | Updated November 20, 2017 - 12:00am I do not know why people watch those gory, scary horror flicks, but you have to admit that they sell. In fact, it is those films that seem to make money these days.

DOTr, MARINA share good news to new seafarers
Philippine Information Agency - 2017-11-20
Under the Build Build Build Infrastructure Program, the DOTr is building maritime infrastructure to improve and promote inter-island sea transportation across the country, such as container ports, barge terminal, and port modernization projects.

Megaworld to build P9-billion 'Makati-inspired' CBD in Cavite
Rappler - 2017-11-20
MANILA, Philippines - Andrew Tan-led property developer Megaworld Corporation is betting on the growing development of Cavite, with plans of adding a new central business district (CBD) to the province. In a disclosure to the Philippine Stock Exchange ...

Brisk condo sales boost Rockwell profit
Inquirer - 2017-11-20
As noted, residential developments accounted for the bulk of its business. This segment generated P9.4 billion in sales. Commercial development revenue amounted to P1.06 billion, up 11 percent. The company said retail operations generated some P683 million ...

Philippines stocks higher at close of trade; PSEi Composite up 0.13%
Investing.com - 2017-11-20
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 119 to 82 and 43 ended unchanged. Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; gaining 1.71% or 2.50 to 148.70. Gold Futures for December delivery was down 0.33% ...

MMDA to apprehend violators of PUV lane on EDSA
CNN Philippines - 2017-11-20
Metro Manila (CNN Philippines, November 20) --The Metropolitan Manila Development Authority (MMDA) reminded the public anew on Monday to follow traffic rules especially in EDSA, as they start stricter implementation of the use of "yellow lanes" or those ...

Get to know Alvarez's 6 nominees to the PDP-Laban 2019 senatorial slate
Rappler - 2017-11-20
MANILA, Philippines (UPDATED) - House Speaker Pantaleon Alvarez ... As a businessman, Benitez was also involved in the gambling industry as founder of Leisure and Resorts World Corporation (LRWC). In 2010, he resigned from the board after being elected ...

Metro Pacific to float bonds, list hospital units to raise funds
Business Mirror - 2017-11-19
SYDNEY, Australia--Metro Pacific Investments Corp. (MPIC), a conglomerate that is into most profitable businesses in the Philippines, said it will make its maiden bond offering next year and may list its hospital unit by 2019 as part of its fund-raising ...

Bourse net income jumped 45.9% in first 9 months
Inquirer - 2017-11-19
The operator of the country stock exchange said profit in the first nine months of the year jumped by almost half, aided by increased listing activity and the one-time sale of its offices in the Tektite Towers in the Ortigas business district. Philippine ...

Basic Energy eyes stake in Myanmar solar projects
Philstar - 2017-11-19
MANILA, Philippines -- Basic Energy Corp. is looking to acquire minimum stakes in the firms building a 220-megawatt (MW) solar plant in Myanmar as part of getting revenue streams while development for long-gestating projects are ongoing. Basic Energy said ...