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 ...

IMF pushes changes to bank secrecy law
Philstar - 2017-11-15
MANILA, Philippines -- The International Monetary Fund (IMF) is urging the Philippines to further strengthen its campaign against money laundering and terrorist financing through amendments to the bank secrecy law. The IMF said the signing of Republic Act ...

PLDT eyes outsourcing deal with Huawei, Amdocs
BusinessWorld Online - 2017-11-15
Pangilinan told reporters on the sidelines of the ASEAN Business and Investment Summit. The scale of outsourcing, however, will be "much smaller" than the original plan, Mr. Pangilinan said. He declined to give an estimate on the number of jobs to be ...

ICTSI granted favorable ruling vs Portland union
BusinessWorld Online - 2017-11-15
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Wednesday said subsidiary ICTSI Oregon, Inc. won a favorable ruling against the International Longshore and Warehouse Union (ILWU) before the US Court of Appeals in Washington, DC. "The US Court ...

Shares decline on profit taking ahead of GDP
BusinessWorld Online - 2017-11-15
Inc.), BPI (Bank of the Philippine Islands) and BDO (BDO Unibank, Inc.) leading the local bourse down. This selloff is mainly a result of profit taking ahead of the GDP release date on Thursday as well as the negative investor sentiment in the commodities ...

Ready Celtics
BusinessWorld Online - 2017-11-15
You know the Celtics will be gunning for a triumph when they host the Warriors tomorrow, and not simply because they want to extend their league-leading 13-game win streak. That they have managed to avoid suffering any setback after their first two outings ...

Thai bet up front
Business Mirror - 2017-11-15
Quiban, coming off an impressive joint fifth place finish in the Manila Masters at Southwoods last Sunday, sustained his hot form and rammed in three birdies at the front of the tight layout to wrest control. But he stumbled with a double-bogey on the ...

Stocks skid; SM Prime, DMCI fall
The Standard - 2017-11-15
Losers beat gainers, 109 to 76, with 53 issues unchanged. SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. fell 1.4 percent to P35.50, while Megaworld Corp., the biggest lessor of office spaces, dropped 3.1 percent to P5.32. DMCI Holdings Inc., which ...

NH Hotel Group 9-month recurring EBITDA up 37 pct YoY
Reuters - 2017-11-15
Nov 15 (Reuters) - NH HOTEL GROUP SA ::9-MONTH RECURRING NET PROFIT 27.1 MILLION EUROS VERSUS 4.5 MILLION EUROS YEAR AGO.9-MONTH REVENUE 1.17 BILLION EUROS VERSUS 1.10 BILLION EUROS YEAR AGO.9-MONTH EBITDA BEFORE ONE-OFFS 170.4 MILLION EUROS VERSUS 124.6 ...

PH nickel producer, Russian firm putting up processing plant
Inquirer - 2017-11-15
"Going into value added processing has long been part of our business objectives and we are very excited at the prospects this new technology brings." FNI, which is considered the largest single lateritic nickel mine exporter in the world, hopes to ...

In Clark, no work stoppage amid Asean meet
Philippine Daily Inquirer - 2017-11-15
Corp., Coronation Premium Manufacturing Inc., Global Gateway Clark and Phoenix Semiconductor Phils. Corp. are among the top employers in Clark. Clark served as a gateway for world leaders who landed at Clark International Airport last weekend. Clark also ...

Consunjis almost make Forbes' richest Asian families 2017 list
Philstar - 2017-11-15
MANILA, Philippines -- Given the lofty threshold to enter the elite club, the family of late construction tycoon David Consunji failed to join Asia's 50 richest families in 2017 listed by Forbes magazine. According to Forbes, the Consunjis were among ...

Biggest Kapuso stars in regional shows nationwide
The Standard - 2017-11-15
We promise to treat you with more events in the future," he ends. "Haplos" lead stars Rocco Nacino and Sanya Lopez in Palawan GMA Network Inc. signed a co-production deal with JU Entertainment Movie and Drama Inc., a Philippine company with Korean ...

74 things to do in Metro Vancouver on Thursday, November 16
Georgia Straight - 2017-11-15
Dinner By Design Cocktail Art event at Harbour Event Centre benefits the Visual College of Art and Design of Vancouver ... local singing groups in an open master class at North Van's Centennial Theatre. Broadway musical Jersey Boys tells the story ...

BIZ LEADERS SPEAK | Yes, MSMEs can derive wealth from digital space
interaksyon.com - 2017-11-15
PHOTO BY BERNARD TESTA, INTERAKSYON MANILA - Besides traditional businesses, small and medium entrepreneurs in Asia should also be able to derive wealth from the digital space, panelists at the business forums related to the 31st ASEAN Summit said Tuesday.

How to use the price-to-sales ratio to buy stocks?
Inquirer - 2017-11-15
Some of these stocks include GT Capital, East West Bank, Cebu Air, PNB, Vista Land, GMA7, Union Bank, Manila Water, Emperador and Universal Robina, Wilcon Depot, AEV, BDO, Ayala Land and SM Investments. Subscribe to INQUIRER PLUS to get access to The ...

Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families
Rappler - 2017-11-15
(READ: FAST FACTS: SM Investments Corporation) The Zobel de Ayalas ... The family's Cebu-based, publicly listed conglomerate Aboitiz Equity Ventures Incorporated (AEV) has interests in power, transportation, banking, food, cement, and property.

PLDT in outsourcing talks with Huawei, Amdocs - MVP
interaksyon.com - 2017-11-15
MANILA, Philippines -- PLDT is discussing a possible outsourcing deal with information technology firms Huawei and Amdocs after it called off talks with IBM. PLDT chairman and CEO Manuel V. Pangilinan said they plan to outsource some of their IT ...

Filinvest, JG Summit team up for bid to develop Clark Airport
Rappler - 2017-11-15
MANILA, Philippines - Gotianun-led Filinvest Development Corporation (FDC) has teamed up with Gokongwei-led JG Summit Holding Incorporated (JGS) to propose a new Clark International Airport. In a disclosure to the stock exchange on Tuesday, November 14 ...

Stock price index ends above 8,300
Inquirer - 2017-11-15
MSCI has announced that Meralco would be added to its global standard index at the close of Nov. 30. It was also announced that East West Bank and Megawide, both non-PSEi stocks, would be added to the MSCI Global Small Cap index. On the other hand ...

Filinvest, JG Summit submit new proposal to invest P839B to redevelop Clark
Inquirer - 2017-11-15
The Filinvest Development Corp. and JG Summit Holdings consortium has appointed Changi Airports International (CAI) - which is part of the group that operates Singapore Changi Airport - as technical partner for this project, the consortium said in a ...

In Clark, no work stoppage amid Asean meet
Philippine Daily Inquirer - 2017-11-15
Corp., Coronation Premium Manufacturing Inc., Global Gateway Clark and Phoenix Semiconductor Phils. Corp. are among the top employers in Clark. Clark served as a gateway for world leaders who landed at Clark International Airport last weekend. Clark also ...

How much do we really need to know about the stock market before we invest?
Philstar - 2017-11-14
No hard feelings from the Sys and Zobels when you sell their companies. Compare this with getting into a business either on your own, or with partners who are your friends or relatives. Before you can put up a company, you have to secure all the necessary ...

In Clark, no work stoppage amid Asean meet
Philippine Daily Inquirer - 2017-11-14
Corp., Coronation Premium Manufacturing Inc., Global Gateway Clark and Phoenix Semiconductor Phils. Corp. are among the top employers in Clark. Clark served as a gateway for world leaders who landed at Clark International Airport last weekend. Clark also ...

CHI infuses P39B fresh capital for Cebu projects
Philstar - 2017-11-14
CEBU, Philippines -- Ayala Land Inc., (ALI) affiliate, Cebu Holdings Inc. (CHI) infuses P39 billion capitalization for its upcoming property developments in Cebu. CHI president Anecito Bisnar Jr., said the expanded potential for property developments in ...

BPI to open 3 more branches in Cebu
Philstar - 2017-11-14
CEBU, Philippines -- The Bank of the Philippine Islands (BPI) will open three more branches in Cebu before the end of this year, closing 2017 with 39 outlets in the province. BPI president and chief executive officer Cezar P. Consing said that BPI will ...

Democracy, infrastructure development not a good mix - Razon
Rappler - 2017-11-14
But Razon, the chairman of International Container Terminal Services Incorporated (ICTSI) and Bloomberry Resorts Corporation, clarified he is not advocating any form of governance over another. (READ: In ASEAN business summit, Razon asks PH to 'just get ...

PSEi perked up by MSCI rebalancing
Inquirer - 2017-11-14
It was also announced that East West Bank and Megawide, both non-PSEi stocks, will be added to the MSCI Global Small Cap index. On the other hand, RCBC and Xurpas will be deleted from the same index. East West Bank and Megawide respectively gained by 3.23 ...

FDC, JG Summit to bid for Clark airport development
Philstar - 2017-11-14
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, Filinvest Development Corp. (FDC) and JG Summit Holdings Inc. said their consortium is ready to pour in P839 billion for the long-term development and operations of the Clark International ...

SM Group eyes SEA expansion
Philstar - 2017-11-14
"Five years down the road, it can happen or it could not happen," Sy-Coson said. At present, the SM Group, through its property and mall arm, SM Prime Holdings has seven malls in China and continues to be on the lookout for cities and provinces for ...

Dennis A. Uy, biz rock star
The Standard - 2017-11-14
Uy has assembled a team of oil industry veterans, from rivals Petron, Shell and Chevron and other multinationals, with combined experience of more than 100 years, to manage and expand his oil business. The Chelsea Logistics Corp. has the shipping ...

Filinvest, JGS tap Changi for Clark proposal
BusinessWorld Online - 2017-11-14
Other firms that have expressed interest in Clark airport are Metro Pacific Investments Corp., Megawide Construction Corp., and MacroAsia Corp. Clark airport is seen as an alternative to congested Ninoy Aquino International Airport (NAIA), which has four ...

Global Ferronickel, Russian firm ink deal for processing ores
Business Mirror - 2017-11-14
The parties signed the agreement on Monday alongside the Philippines and Russia meetings in the framework ... from Russia with interests in mineral exploration and processing, real estate, energy and in innovative solutions. In a statement, FNI said ...

Logistics firm 2GO trims losses in 3 rd quarter
BusinessWorld Online - 2017-11-14
LOGISTICS company 2GO, Inc. trimmed its losses by more than half during the third quarter, as robust growth in its non-shipping business offset slower revenues from shipping. In a regulatory filing, 2GO said its net loss attributable to equity holders of ...

Alliance Select swings to profit despite headwinds
BusinessWorld Online - 2017-11-14
ALLIANCE SELECT Foods International, Inc. swung to profitability in the third quarter of 2017, despite still encountering headwinds in the prices of raw materials. In a regulatory filing, Alliance Select said it generated a net income attributable to the ...

DMCI Power posts flat electricity sales volume
BusinessWorld Online - 2017-11-14
In a disclosure to the stock exchange, its parent firm DMCI Holdings, Inc. said the off-grid energy supplier registered an 18% increase in consolidated revenues during the nine-month period to P2 billion from P1.7 billion. Net income slipped by 5% to P324 ...

Stocks recover on weak China data, MSCI changes
BusinessWorld Online - 2017-11-14
The Philippine Stock Exchange index (PSEi) closed at 8,379.64 yesterday ... The MSCI review was also a factor," PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a text message. Chinese economic data were lower than expected, including ...

Philippine gov't, Facebook partner for 'ultra high-speed' broadband
Rappler - 2017-11-14
The DICT official said this capacity is almost equal to the current combined capacity of Globe Telecom Incorporated and PLDT Incorporated, making the government virtually a 3rd major player in the telecommunications industry. Rio said this deal is in line ...

Cabot Microelectronics Corporation To Participate In The 21st Annual Credit Suisse Technology, Media & Telecom Conference
The Street - 2017-11-14
Aurora, IL, Nov. 14, 2017 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation ... is scheduled to participate in the 21 st Annual Credit Suisse Technology, Media & Telecom Conference on Monday, November 27, 2017 and Tuesday, November 28, 2017 in ...

Russia, PH sign 8 agreements on trade, energy
CNN Philippines - 2017-11-14
Metro Manila (CNN Philippines ... A private sector agreement was signed between Global Ferronickle Holdings of the Philippines and VI Holdings of Russia which, Roque said, is designed "to support Philippine efforts towards industrialization."

Tabuena eyes redemption
Business Mirror - 2017-11-14
Miguel Tabuena tries to make up for his last-hole meltdown at Southwoods last Sunday as he shoots for a second Philippine Golf Tour Asia (PGTA) crown against a crack international field in the International Container Terminal Services Inc. (ICTSI ...

7-Eleven accelerates expansion growth anew via strategic mall-network partnerships
Business Mirror - 2017-11-14
Via its strategic mall-network partnerships, world-leading C-store chain giant 7-Eleven scored yet another successful expansion milestone, this time with the landmark opening of its corporate-run outlet in Robinsons Novaliches Mall. Operating as the first ...

Filinvest, JG submit P839-b bid to build Clark airport
The Standard - 2017-11-14
Conglomerates Filinvest Development Corp. and JG Summit Holdings Inc. jointly submitted a new unsolicited proposal to the government for the long-term development of Clark International Airport at a cost of P839 billion. Under the new proposal, the ...

Russian firm, FNI to construct nickel plant
The Standard - 2017-11-14
Global Ferronickel Holdings Inc., the second largest nickel producer in the Philippines, said Tuesday it signed a ... FNI said in a disclosure to the stock exchange that company chairman Joseph Sy and Vi Holding chairman Valery Krasnov signed the agreement ...

Stock market rallies; Meralco tops gainers
The Standard - 2017-11-14
The stock market rebounded Tuesday on select buying, led by banks and Manila Electric Co., to end a two-day slump. The Philippine Stock Exchange Index rose 49.62 points, or 0.6 percent, to 8,379.64 on a value turnover of P8.9 billion. Losers, however, beat ...

LT Group registers net income of P6.83b
The Standard - 2017-11-14
LT Group Inc. of tobacco and airline tycoon Lucio Tan increased its ... up 60 percent from P1.8 billion on year the company attributed the higher earnings to improved pricing and better sales mix. Philip Morris Fortune Tobacco Corp. in November last ...

Manulife First Life Insurer To Offer A Green Bond
The Street - 2017-11-14
TORONTO, Nov. 14, 2017 /PRNewswire/ - Manulife Financial Corporation ("Manulife") announced today that it has priced an offering in Singapore of 500 million Singapore dollars principal amount of 3.00% subordinated notes due November 21, 2029 (the "Notes").

DFNN nets P121M
Inquirer - 2017-11-14
Technology firm DFNN Inc. chalked up P121.3 million in nine-month net profit, surging from a meager P800,000 net profit in the same period last year, on the back of robust revenues from licensed gaming operations. Nine-month revenues soared by 616 percent ...

Team Parilla rules 17th Island Tee
Philstar - 2017-11-14
Inc., J Park Island Resort and Spa, Plantation Bay Resort and Spa, Koppel, Air Asia, and San Miguel Corporation. The team of Retired BGen Bam Jamorabo bagged the class B title. Jamorabo had 34 and 34 and his teammates were Youn Sung Hee (25-32 ...

Old, meet new: Drones, high-tech camera revamp archaeology
Inquirer Technology - 2017-11-14
"Those things have different thermal properties. If you capture an image at the right ... discovery would offer clues into a society that lived here as far back as 17th century before the French arrived. The site is now home to the Midewin National ...