Building an alliance culture in Asean
Inquirer - 2017-11-09
These are typically the makers of consumer goods like Universal Robina Corp., San Miguel Corp., Unilab Pharmaceuticals and Liwayway Marketing. They now operate production and distribution hubs across multiple territories. Then there are food retailers like ...

PLDT to spend P46 billion next year
BusinessMirror. - 2017-11-09
PLDT Inc. said its capital expenditure (capex) will hit at least P46 billion next year as the company works to improve its infrastructure. The amount is higher than the P38 billion in capex for the year. PLDT Chairman Manuel V. Pangilinan, however, warns ...

Jeju Sun fails to drag Bloomberry income
BusinessMirror. - 2017-11-09
BLOOMBERRY Resorts Corp. said its income for the nine months of the year more than tripled to P5.96 billion, from P1.59 billion last year. For the third quarter alone, the Solaire Resorts and Casino owner reported P1.85 billion in net profit, which is 31 ...

AboitizPower switching on 2 hydro plants
Philstar - 2017-11-09
"We remain optimistic on the long-term fundamentals of our businesses, and we look forward to continuing to advance business and communities in the execution of our growth strategy," said Erramon Aboitiz, AEV president and chief executive office

Pagcor bidding out 2 lot parcels in Bay City for at least P37.2 B
Philstar - 2017-11-09
In a document posted in its website, PAGCOR invited interested parties to buy through sealed bid two parcels of land located at Central Business Park 1- Islands B and C of the Bay City. "The properties are subject of a long-term lease initially in favor ...

Foes back Tom on SRP project
Philstar - 2017-11-09
OsmeƱa announced on Wednesday that JG Summit Holdings, Inc. will soon be submitting an unsolicited proposal to build four towers with 1,000 hotel rooms, restaurants, casino, convention center, yacht club, water park, among others at SRP. The mayor said ...

Maynilad builds new P6.75-B Putatan plant
Philstar - 2017-11-09
MANILA, Philippines -- West Zone concessionaire Maynilad Water Services Inc. is building a P6.75-billion new water treatment plant in Muntinlupa aimed at enhancing water supply reliability in the southern part of Metro Manila. The Putatan water treatment ...

Clark-Miyamit Falls Trail Ultra slated
Philstar - 2017-11-09
MANILA, Philippines -- The Clark-Miyamit Falls Trail Ultra gets going on Nov. 26 with the Filinvest Mimosa Leisure City hosting the seventh staging of the event also known as the CM50. The newest business and leisure destination at the Clark Freeport Zone ...

Electricity rates up this month
Philstar - 2017-11-09
MANILA, Philippines -- Customers of the Manila Electric Co. (Meralco) will see an increase of P0.3436 per kilowatt-hour in electricity bills this month mainly due to higher electricity spot market prices and the peso depreciation that pushed up the ...

Dazzling, generous hearts
Philstar - 2017-11-09
Major sponsors were A2A Safaris, Cream Silk, Emperor Watch and Jewelry, Fuentes Manila, Leon Gallery, Lucerne, Moss Manila, Philippine Airlines, Remy Martin, Robert Blancaflor, Royal Gem, Shangri-La at the Fort and Volvo. Other sponsors were Abitare ...

PLDT hikes 2017 profit guidance, ramps up 2018 spending
Philstar - 2017-11-09
MANILA, Philippines -- PLDT Inc. is hiking its core profit guidance this year after posting positive financial results in the first three quarters, while also indicating plans to ramp up spending next year to boost its network. "With two months to go ...

TD Salome leaves hundreds stranded, halts oil spill cleanup in Oriental Mindoro
cnnphilippines.com - 2017-11-09
Eight hundred liters of fuel accidentally leaked out of a storage tank from the DMCI Power Corp. in Calapan on November 6, a statement from the company said. The company's employees, along with 300 workers were conducting cleaning activities on 2.5 ...

PLDT expects recovery to continue in 2018
BusinessWorld Online - 2017-11-09
PLDT, Inc. expects to sustain its recovery next year, as the telco giant mulls raising capital expenditures above regular levels without incurring additional debt to address mounting criticism on slow Internet speed. In a briefing in Makati City on ...

PSE approves Cirtek, 8990 share offerings
BusinessWorld Online - 2017-11-09
THE Philippine Stock Exchange (PSE) has given Cirtek Holdings Philippines Corp. and 8990 Holdings, Inc. the final approval to issue their respective preferred shares offerings by end-November. The listed technology firm on Wednesday secured approval from ...

Taxation and the reengineering of Philippine society
BusinessWorld Online - 2017-11-09
The tax reform package currently being pushed by the government (i.e., TRAIN or Tax Reform for Acceleration and Inclusion) represents a great opportunity to layout, craft, and implement a vision of what Philippine ... Challenge Corp. corruption and rule ...

Davao under martial law
BusinessWorld Online - 2017-11-09
The amenities and rooms are mostly wooden and reminiscent of the Baguio hotels of the last century. The two-story property has no elevators -- one goes up via pebbled stairways. While the classic ambiance of the hotel has remained consistent through the ...

DMCI Homes reservation sales hit P37B as of Oct.
BusinessWorld Online - 2017-11-09
THE PROPERTY ARM of DMCI Holdings, Inc., the holding firm of the Consunji family, booked record sales this year on the back of robust demand for its residential projects. DMCI Holdings Chairman and President Isidro A. Consunji told reporters on Wednesday ...

New MRT-3 maintenance provider in place next year
BusinessWorld Online - 2017-11-09
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc. -- a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc. -- maintains ...

Stocks climb as buying picks up ahead of ASEAN
BusinessWorld Online - 2017-11-09
de Celis, equities trader at Timson Securities ... Leading firms such as DMCI Holdings, Inc., SM Investments Corp., and Metro Pacific Investments Corp. reported good earnings for the third quarter. Mr. De Celis said the release next week of the gross ...

ICTSI earnings grow 5%
Philstar - 2017-11-09
MANILA, Philippines -- Earnings of International Container Terminal Services Inc. (ICTSI) rose five percent in the nine-month period ending September behind robust revenues and a one-time gain on the termination of a sub-concession agreement in Nigeria.

Stocks rise slightly; Meralco climbs
thestandard.com.ph - 2017-11-09
Sm Prime Holdings Inc., the largest integrated property company, climbed 1.2 percent to P37.97, while Globe Telecom Inc., the second-biggest telecommunications firm, rose 1.5 percent to P2,050. Japanese stocks, meanwhile, ended the day in the red as it ...

NOW Corp. brings enterprise-grade wireless Internet to residential areas
BusinessMirror. - 2017-11-09
NOW Corp., known for its Fiber Air service, now enters the residential market. This service is unique because of its guaranteed and committed minimum speed already enjoyed by highly demanding enterprise clients. The Philippine Stock Exchange-listed ...

LIST: Bank schedules during ASEAN Summit
Philstar - 2017-11-09
View the list of closed Land Bank branches on its Facebook page. Philippine National Bank - At least 230 branches of PNB in Metro Manila, Bulacan, and Pampanga would be open during the summit. View the banking schedule per branch on its Facebook page.

PLDT to upgrade core earning target for 2017
Inquirer - 2017-11-09
Telco giant PLDT Inc. is upgrading its full year recurring core earnings target for 2017, citing gains from its fixed line business despite continued weakness in its wireless segment. PLDT announced Thursday that its 2017 recurring core profit, which ...

Philippine's PLDT may sell assets to fund higher capex
asia.nikkei.com - 2017-11-09
PLDT's capital expenditure in recent years reached record levels of around 45-46 billion pesos ($897 million), as competition rose with rival Globe Telecom. The latter had gained market share by stepping up data-related offerings while PLDT tried to ...

LOOK: Work, bank schedules during ASEAN Summit and Related Meetings
cnnphilippines.com - 2017-11-09
Landbank customers can check their website for branches open during the break. All PSBank branches will be open during the week of the Summit. Over 600 PSBank ATMs will be online. Their internet banking facilities, PSBank Mobile and PSBank Online ...

Kisses moves on after Marco
BusinessMirror. - 2017-11-09
ABS-CBNmobile load can be easily purchased at The SM Stores, 7-Eleven, Puregold, Ministop and Globe Load retailers. ABS-CBNmobile Exclusives can be accessed at www.abscbnmobile.com. Back to Kisses: Her blessings come following the announcement of her ...

Stocks close flat for second straight session
Inquirer - 2017-11-09
There were 128 decliners that edged out 91 advancers while 36 stocks were unchanged. The PSEi was weighed down by ALI, which slipped by 2.85 percent, while SM Investments also declined. On the other hand, Metrobank, Megaworld and Metro Pacific added 2 ...

UP College of Mass Comm sets homecoming, 1st Glory Awards on Nov. 11
interaksyon.com - 2017-11-09
Led by the UP CMC Alumni Association (UPCMCAA) and presented by San Miguel Corporation and TAPE, the gathering becomes even more special with the launching of the UP CMC First Glory Awards. The recognition will be given to outstanding alumni cited for ...

PLDT to upgrade core earning target for 2017
Inquirer - 2017-11-09
Telco giant PLDT Inc. is upgrading its full year recurring core earnings target for 2017, citing gains from its fixed line business despite continued weakness in its wireless segment. PLDT announced Thursday that its 2017 recurring core profit, which ...

PLDT increases target recurring core income for 2017
Rappler - 2017-11-09
MANILA, Philippines - PLDT Incorporated raised its recurring core income guidance for 2017 to P22 billion, after the listed telecommunications giant saw "better financial metrics," mainly in its net income margin for the past quarter. "We are quite ...

Metro Pacific posts 22% growth in bottom line
Inquirer - 2017-11-09
Infrastructure holding firm Metro Pacific Investments Corp. grew its core net profit in the first nine months by 22 percent year-on-year to P11.3 billion on higher earnings from its expanded power portfolio, toll roads and hospital businesses. In a ...

Bloomberry nets nearly P6B, sees "banner" year
Inquirer - 2017-11-09
Integrated gaming resort developer and operator Bloomberry Resorts Corp. chalked up P5.96 billion in nine-month net profit, surging by 275 percent year-on-year on the back of record-high casino revenues. For the third quarter alone, the developer of ...

Beermen tweak roster as they await Standhardinger's availability
Philstar - 2017-11-09
Austria considers TNT, Ginebra and Star as their toughest challengers in the coming all-Filipino tourney while pointing to NLEX, Phoenix Petroleum and Blackwater as the dark horse. "Ginebra will always be a force to reckon with in the presence of Greg ...

SEC files complaint vs Calata over botched Cebu casino project
Rappler - 2017-11-09
Rappler.com Want to start a business? Figuring out how to do what you love 24/7? Join our workshops, led by successful entrepreneurs and dreamchasers.

Manila Electric Co.
asia.nikkei.com - 2017-11-09
The Services and Others segment involves primarily in electricity-related services such as electro-mechanical engineering, construction ... was founded in 1903 and is headquartered in Pasig, Philippines. Manila Electric is the Philippines' largest power ...

Huawei to underpin Malaysian tech roadmap and cybersecurity agenda
ZDNet - 2017-11-09
The Philippines government is similarly focused on a national ... with the university to offer an IoT engineering degree. Huawei opening datacentre, expanding research labs in New Zealand Huawei has said it will build a new datacentre, open two research ...

WATCH: Philippine Air Force gives airwoman Isabel Granada military honors
Philstar - 2017-11-09
Granada is a licensed pilot. She earned a Bachelor of Science in Aeronautical Engineering degree from the Philippine Air Transport and Training Services College of Aeronautics in 2001. She also served as an Airwoman 2nd class sergeant for two years.

SEC files criminal complaint vs. Calata Corp.
cnnphilippines.com - 2017-11-09
Metro Manila (CNN Philippines, November 9) -- The Securities and Exchange Commission (SEC) filed at the Justice Department on Wednesday a criminal complaint against agribusiness firm Calata Corporation. The SEC slapped the Calata Corp., its officers, and ...

7 world leaders arriving on Sunday for ASEAN summit
Philstar - 2017-11-09
Brando Pangilinan, head of the traffic control team of the Clark Development Corp. (CDC), advised over 100,000 employees ... command and operation center was activated yesterday at the SM Mall of Asia complex to respond to any emergency during the ...

Philippines' Megaworld goes on a development spree
asia.nikkei.com - 2017-11-09
meters of land for business and commercial properties ... strategic importance for the group because of its aggressive investment in real estate. The Philippines has attracted a growing number of BPO service providers from around the world, such as ...

Makati holds Mega Job Fair on November 10
Philippine Information Agency - 2017-11-09
Other participating companies for the mega job fair include Burlington Industries, EEI Corporation, Fieldmen Janitorial Services Corp., Goldilocks Bakeshop, Inc., Hi-Precision Diagnostic, North Asia Central, Philippine Survey and Research Center ...

New Hires at Kripalu Center and MacArthur Foundation
The Chronicle of Philanthropy - 2017-11-08
Dino Hernandez has been appointed executive director of the Metropolitan State University of Denver Foundation ... Sarah Williams, senior vice president for commercial banking at Village Bank, has been named executive director of UnBoundRVA, in Richmond ...

DMCI bottom line rises 19%
m.philstar.com - 2017-11-08
MANILA, Philippines -- DMCI Holdings Inc. posted a nine-month net income of P11.7 billion, up 19 percent on strong contributions from coal, real estate, construction. Isidro Consunji, chairman and president of DMCI Holdings, said the company sees an ...

$3-B equity offering by Pure Foods seen in February 2018
Inquirer - 2017-11-08
After the consolidation of its food and beverage business, conglomerate San Miguel Corp. is planning a $3-billion equity offering by its enlarged consumer arm to be known as San Miguel Food and Beverage Inc. by February 2018. This is to comply with the ...

Intel's Alliance With AMD to Battle Nvidia Could Be a Sign of Big Things to Come
The Street - 2017-11-08
Intel Corp. (INTC) has been cutting its PC-related R&D spending ... high-end notebook GPUs based on Nvidia's next-gen Volta architecture, which are expected next year. In the desktop GPU market, high-end chips based on AMD's new Vega architecture are ...

Vista income rises to P7.1B as of Sept
Inquirer - 2017-11-08
Property giant Vista Land and Lifescapes Inc. posted double-digit profit and revenue growth in the first nine months of 2017 --a prelude to robust prospects for the property sector in the next few years, its top official said. Paolo Villar, Vista Land CEO ...

Metro Pacific eyes water, infra projects in Indonesia
BusinessMirror. - 2017-11-08
Metro Pacific Investments Corp. is keeping a keen eye on new opportunities here, specifically in water and tollways, which are the sectors that the Filipino company could apply its expertise on. David J. Nicol, who sits as the chief finance officer at ...

DMCI profit grew to P11.7B at end-Sept
Inquirer - 2017-11-08
For the third quarter alone, DMCI Holdings grew by 18 percent year-on-year to P4.1 billion. "We expect the slowdown in our coal energy business to temper our growth in the last quarter. Operating costs will be higher due to higher stripping ratio.

Exploring One Asean
Inquirer - 2017-11-08
Foreign ownership at CII has so far reached 63 percent, attracting capital from the likes of Vietnam Oman Investment Fund, Ayala Corp., Goldman Sachs, Dragon Capital and PYN Elite, Hieu said. In 2012, Ayala Corp. invested $21 million to acquire 49 percent ...