PSE Q3 profit triples after selling Tektite offices
BusinessWorld Online - 2017-11-17
The Philippines Stock Exchange (PSE) building in Makati. -- BW FILE PHOTO THE Philippine Stock Exchange, Inc. (PSE) said its net profit tripled during the third quarter due to a one-off gain from the sale of its office space at Tektite Building in Ortigas ...

MRC Allied partners with China firm for LNG projects
BusinessWorld Online - 2017-11-17
MRC Allied, Inc. said it had signed a memorandum of understanding (MoU) with a Chinese company to explore the possibility of venturing into liquefied natural gas (LNG) in the Philippines, it told the stock exchange on Friday. Gladys N. Nalda, MRC Allied ...

GDP data fail to perk up PH stocks
Inquirer - 2017-11-17
It fell 2.27 percent to P1,000 per share. It was followed by BDO Unibank Inc., up 3.62 percent to P146, SM Investments Corp., down 2.33 percent to P941.50, Ayala Land Inc., down 1.54 percent to P41.55, and Jollibee Foods Corp., up 1.17 percent to P258.80 ...

Retail Cloud Market 2017 Vendors: IBM, SAP SE, Microsoft, Syntel, Cisco Systems, Google and Forecast to 2022
SBWire - 2017-11-17
Retail cloud has major benefits over conventional retailing. It provides number of solutions to retailers such as CRM, disaster recovering, discounts & promotions, workforce management, data analytics and others. The growing technology advancement has ...

Net income of Chelsea Logistics quadruples on 2GO acquisition
Rappler - 2017-11-17
"Our investments into better shipping and logistics continued to yield results and create more value for our investors, business partners and other stakeholders," Chelsea Logistics president and chief executive officer Chryss Alfonsus Damuy said in a ...

Globe announces iVolunteer, Virtualahan as contingent in SingTel Group Regional Future Makers 2017
Business Mirror - 2017-11-17
Globe Telecom has chosen the two Philippine representatives for the upcoming innovation for social development competition "SingTel Group Regional Future Makers 2017" in Australia. iVolunteer and Virtualahan were among the five startups who won the ...

LIST: Agreements, vows made with the Philippines on ASEAN sidelines
Philstar - 2017-11-17
MANILA, Philippines -- While hosting the 31st Association of the South East Asian Nations summit, the Philippine government made talks which led to reaffirmed commitments and inked deals during and on the sideline of the meetings. Twenty world leaders ...

GMA Network posts higher recurring revenues of P11.796 billion in 9M 2017
GMA News - 2017-11-17
(Quezon City, Philippines - November 17, 2017) - Leading broadcast company GMA Network, Inc. (GMA) recorded recurring revenues of P11.796 billion in the first nine months of 2017, nearly half a billion or 4 percent higher than the same period last year.

MPIC sets P653-B capex for next 5 years
interaksyon.com - 2017-11-17
Including other First Pacific units in the Philippines such as PLDT, Inc. and Philex Mining Corp., Mr. Nicol said the capex for next year would reach around P145 billion. MPIC will fund the aggressive capex program though a combination of equity partners ...

MPIC sets P653-B capex for next 5 years
InterAksyon - 2017-11-17
SYDNEY -- Metro Pacific Investments Corp. (MPIC) will be setting aside P653 billion in capital expenditures for the next five years, as it continues to grow its toll roads business both in the Philippines and across the Southeast Asian region, as well as ...

When harvests grow on bloodied fields
Bulatlat - 2017-11-17
HACIENDA LUISITA, Tarlac City - It was November 2004, and some 5,000 sugar farm workers and sugar mill workers had been on strike and had camped out at the gates of the Central Azucarera De Tarlac for days. They were calling for the reinstatement of 327 ...

PLDT to nearly double int'l submarine cable capacity to 8.4 Tbps by 2019
Rappler - 2017-11-17
MANILA, Philippines-- Manuel V. Pangilinan led PLDT Incorporated said its investments will double its international cable system capacity to address the need for overseas data connectivity. "Further expansion programs to meet expected rapid growth in ...

Diversifying in FX
BusinessWorld Online - 2017-11-17
Philippine government dollar bond due 2021 carry a 4% coupon while Ayala Corp. recently sold dollar bonds at 5.125% interest. The PSE introduced the dollar board late in 2016 not only to provide another alternative investment avenue but provide listed ...

MALAYSIA NEWS HIGHLIGHTS: Top Stories On Nov. 17
Nikkei Asian Review - 2017-11-17
Malaysia's Kejuruteraan Asastera Shares Start Trading 32% Higher Than IPO Price Shares of Kejuruteraan Asastera Friday began trading 32% higher at 0.33 ringgit on its debut on ACE Market of Bursa Malaysia after the Malaysian electrical and mechanical ...

A real estate sensation
BusinessWorld Online - 2017-11-17
Local property developers are very much into it, even though building one costs big bucks. Recently, Federal Land, Inc., a wholly owned subsidiary of GT Capital Holdings, Inc. has partnered with Nomura Real Estate Development Co. Ltd. and Isetan Mitsukoshi ...

Why Lumad groups are camping outside DepEd
Rappler - 2017-11-17
On the narrow sidewalk along Meralco Avenue in Pasig City, Lumad groups set up tarpaulins and mats in a bid to call on DepEd Secretary Leonor Briones to recognize all Lumad community schools in Mindanao and condemn supposed military attacks against schools ...

The Making of an American Nazi
The Atlantic - 2017-11-16
In response, some Whitefish residents considered protesting in front of a commercial building Sherry owned in town ... He often mentions Brandenburg v. Ohio, a Supreme Court case that addressed a fiery oration by Clarence Brandenburg, a Klansman, in ...

Metro Pacific infra spending to hit P820B
Inquirer - 2017-11-16
For next year alone, group-wide capital outlays are seen hitting P100 billion, up from some P56 billion this year, as more large-scale infrastructure projects break ground, Metro Pacific Investments Corp. (MPIC) chief finance officer David Nicol said in a ...

Lopez group profit down 43% in 9 months
Inquirer - 2017-11-16
It said removing nonrecurring items, consolidated net income would have been higher by 5 percent due to better earnings from Rockwell Land Corp. and its manufacturing businesses. In the same period, Lopez Holdings cited the 20-percent decline in ABS-CBN ...

Nepal 0, Philippines 0. Thoughts on a frustrating evening
Rappler - 2017-11-16
The clubs in the four-team playoffs are already known. FC Meralco Manila, Ceres Negros, Kaya Makati and Global Cebu will participate, and it's only seedings that are at stake for the last few regular season games. For more information check out the league ...

A card for all seasons
Philstar - 2017-11-16
So how does one qualify? You simply need to be any of the following: a private or preferred banking client at BPI, a Globe Platinum subscriber, an Ayala Land Premier, Alveo or Avida property owner with a purchase of at least P3 million (purchased in the ...

Weaker peso trims PSALM debt to P482 B
Philstar - 2017-11-16
MANILA, Philippines -- State-run Power Sector Assets and Liabilities Management Corp. (PSALM) managed to trim its debt ... the agency is reviewing its remaining real estate assets while waiting for the direction on the other plants for sale from the ...

UnionBank readies $1 B term notes
Philstar - 2017-11-16
MANILA, Philippines -- Aboitiz-led Union Bank of the Philippines has completed the establishment of a $1 billion medium term note program to beef up its working capital and at the same time manage its liabilities. UnionBank has tapped Citigroup Global ...

Sizzling finish gives Gialon 3-shot lead
Philstar - 2017-11-16
Zanieboy Gialon flashes awesome form off the mound to take charge. Ernie Penaredondo MANILA, Philippines -- Zanieboy Gialon outgunned Justin Quiban in a thrilling homeward shootout at the front, birdying two of the last three holes, including the ...

Lazaro, Otico stun rivals, make PCA Open semis
Philstar - 2017-11-16
MANILA, Philippines -- UAAP MVP Leander Lazaro ... one of his mentors at National University. Otico, coming off a victory in the Pintaflores Festival Open, leaned on his power serves and superb baseline game to foil the Davis Cup veteran in an hour ...

Atlas Mining widens 9-month net loss
Philstar - 2017-11-16
MANILA, Philippines -- Listed Atlas Consolidated Mining and Development Corp. has incurred a net loss of P939 million in the nine-month period, higher than the previous year despite improved revenues. In a regulatory filing, Atlas said revenues inched up ...

Q3 growth beats market expectation
BusinessWorld Online - 2017-11-16
Carlo O. Asuncion, chief economist at Union Bank of the Philippines, meanwhile, said in an e-mailed response to queries: "I expect GDP to grow significantly like that of 3Q" on the back of "still robust growth from the usual drivers" of household ...

MPIC sets P653-B capex for next 5 years
BusinessWorld Online - 2017-11-16
Including other First Pacific units in the Philippines such as PLDT, Inc. and Philex Mining Corp., Mr. Nicol said the capex for next year would reach around P145 billion. MPIC will fund the aggressive capex program though a combination of equity partners ...

DoubleDragon profits surge amid continued CityMalls expansion
BusinessWorld Online - 2017-11-16
DoubleDragon, co-chaired by Jollibee Foods Corp. founder Tony Tan Caktiong, is further expanding its leasable portfolio through the hotel segment with brands Hotel 101 and JinJiang Inn. Meanwhile, construction for its office projects in Metro Manila ...

Lopez Holdings income declines in 3 rd quarter
BusinessWorld Online - 2017-11-16
Lopez Holdings said associate First Philippine Holdings Corp. (FPH) recorded a 49% drop in net income to P4.58 billion in the first nine months, as it booked one-off losses related to debt pre-payments of consolidated units First Gas Power Corp. and Energy ...

Treasury offering RTBs anew worth P30 billion
Business Mirror - 2017-11-16
China Banking Corp., BDO Unibank Inc., the Bank of the Philippine Islands and Security Bank have been appointed issue managers. "The lead issue managers are Landbank and DBP and six who joined" issue managers, she said. The RTB sale will help the ...

Metro Pacific investing P820b until 2022
The Standard - 2017-11-16
Infrastructure conglomerate Metro Pacific Investments Corp. said it is prepared to invest up to P820 billion to accelerate the expansion of its toll roads, power and water projects in the country. Metro Pacific chief finance officer David Nicol said in a ...

DoubleDragon nets P1.47b
The Standard - 2017-11-16
Double Dragon Properties Corp. on Thursday reported an 83.7-percent increase in net income to P1.47 billion in the first nine months from P623 million in the same period last year. Double Dragon said in a disclosure to the stock exchange total revenues ...

Aggressive JG Summit-FDC Clark Airport offer provokes rivals
Inquirer - 2017-11-16
The Pampanga airport is a heavily underused gateway being positioned as an alternative to congested Ninoy Aquino International Airport in Manila. Clark Airport has lured support because it is an existing facility, however, critics said its location at 100 ...

Gialon grabs lead
Business Mirror - 2017-11-16
"My driving and irons clicked," said Gialon, who snapped a long title spell with a runaway six-shot romp over Jhonnel Ababa at ICTSI Calatagan Challenge in June. He birdied No. 10, missed just one fairway but saved par on No. 12 then rebounded from a ...

MPIC to spend P653-billion over next 5 years for big-ticket infrastructure projects
Business Mirror - 2017-11-16
Some P38 billion of the capex will be allocated for the toll-road business, under Metro Pacific Tollways Corp.; P21 billion for power distributor Manila Electric Co.; P17 billion for light rail, P12 billion for Maynilad Water Services Inc.; and P6 billion ...

Stock market declines; Now, BDO top gainers
The Standard - 2017-11-16
Losers outnumbered gainers, 122 to 74, while 38 issues were unchanged. BDO Unibank Inc. chief market strategist Jonathan Ravelas said the market was expected to move higher, after the government announced that the gross domestic product grew 6.9 percent in ...

DMCI construction arm signed P3.5B worth of projects in Q3
Business Mirror - 2017-11-16
Anchor Grandsuites of Anchor Land Holdings and NCCC Mall of LTS Malls Inc. From January to September this year, DMCI was able to sign over P14-billion worth of new contracts, an 88-percent improvement from P7.9 billion last year. On a stand-alone basis ...

Closing bell: Sensex rallies 346 pts to end above 33K; Midcap, Nifty gain 1%
Money Control - 2017-11-16
3:03 pm Nifty PSU Bank index was biggest gainer, up 2.5 percent as Indian Bank, Allahabad Bank ... Among other industries, auto, construction/engineering and insurance saw a growth of 23 percent, 22 percent and 15 percent, respectively in October.

EDC net income drops by 6.5% in 1st 9 months due to Leyte earthquake
Rappler - 2017-11-16
MANILA, Philippines - Lopez-led renewable energy producer Energy Development Corporation (EDC) saw its bottom line fall by 6.5% for the 1st 3 quarters of this year compared to last year due to the effects of the earthquake that struck Leyte on July 6.

Remittances reports turn off market; PSEi down 1.27%
Inquirer - 2017-11-16
It was followed by Puregold Price Club Inc. which, however, slid by 1.02 percent to P48.60; Manila Electric Co., down 0.93 percent to P319; Ayala Land Inc., down 0.71 percent to P42.20, and BDO Unibank Inc., down 1.12 percent to P141 per share. Subscribe ...

Rubbing elbows with ASEAN business giants? Here's the price
Rappler - 2017-11-16
Those who were spotted with gold tickets include Hans Sy, brother of SM Investments Corporation's Teresita Sy-Coson, who was one of the speakers; and the Aboitizes. ABAC, meanwhile, gave a 30% discount to microentrepreneurs and startup firms. For ...

Maasin City Division recognizes outstanding partner stakeholders of Brigada Eskwela
Philippine Information Agency - 2017-11-16
MAASIN CITY, Southern Leyte, Nov. 14 (PIA ... Red Cross, Edmund Rice Services, City Savings Bank, East West Bank, Saint, Joseph College (Elementary and Secondary), College of Maasin, Modulators Action Group, Gawad Kalinga-SoLeyte, Couples For Christ ...

Maasin City Division recognizes outstanding partner stakeholders of Brigada Eskwela
Philippine Information Agency - 2017-11-16
Red Cross, Edmund Rice Services, City Savings Bank, East West Bank, Saint, Joseph College (Elementary and Secondary), College of Maasin, Modulators Action Group, Gawad Kalinga-SoLeyte, Couples For Christ, House of Destiny, DYDM, PIA, Viper FM Radio ...

PH, Facebook team up for ultra-high speed internet infrastructure project
CNN Philippines - 2017-11-15
Metro Manila (CNN Philippines, November 16) -- The Philippine government is partnering with technology giant Facebook to build an "ultra-high speed information highway" that could be a "game changer" in providing faster, cheaper, and more accessible ...

Sy clan now ninth richest family in Asia -- Forbes
CNN Philippines - 2017-11-15
The Sy family's SM Investments Corporation has stakes in the retail, banking, and property industry, Family patriarch Henry Sy, Sr. has been the Philippines' richest man for 10 years in a row. He built his family empire starting from "Shoemart," a shoe ...

Modernizing the jeepney
Philstar - 2017-11-15
Filinvest Development Corp., Marubeni Philippines, Group Management Development Inc., Team Energy, Lopez Group, Northstar Transport Facilities Inc., Asia United Bank, Alpha One (Benedicto Steel Corp.), PCSO, SGV, San Roque Power Corp., SSS, Land Bank ...

Gotianun, Gokongwei offer to spend P839B to develop Clark
Inquirer - 2017-11-15
The Filinvest Development Corp. and JG Summit Holdings consortium has appointed Changi Airports International (CAI)--part of the group that operates Singapore Changi Airport--as technical partner ... and the Department of Transportation (DOTr).

Hacienda Luisita activist detained after protesters storm RCBC compound
Philippine Daily Inquirer - 2017-11-15
Supt. Bayani Razalan, Tarlac City police chief, said Sibayan and other Ambala members were facing charges of malicious mischief and physical injuries for destroying the concrete fence of the Rizal Commercial Banking Corp. compound in the Tarlac City side ...

Averion, Lee share Architects Golf classic top honors
Philstar - 2017-11-15
AGC past president Ramon Mendoza also grabbed the spotlight by winning the grand raffle prize in the event backed by the Philippine Airlines, Mitsubishi Motors, Edison Go and Ernie Reyes of Kuysen Enterprises, Inc., James and Jenny Bosch of Filhome ...