Market poised to track sideways in thin trading
The Standard - 2017-11-12
Weekly top price gainers were Italpinas Development Corp., which surged 113 percent to P16.82 per share; Ginebra San Miguel Inc. which advanced 67.3 percent to P26; and San Miiguel Pure Foods Co. Inc., which surged 62.3 percent to P500. Weekly top price ...

PAL Holdings incurs P4.95B net loss in Jan-Sept
Philstar - 2017-11-12
A filing to the Philippine Stock Exchange showed PAL Holdings Inc. incurred a net loss of P4.95 billion in the January to September period, a reversal of the P2.60 billion net income reported in the same period last year. Revenue rose 15.6 percent to P98 ...

GT Capital nets P11B
Inquirer - 2017-11-12
Total sales of annualized premium equivalent rose by 26 percent year-on-year to P4.7 billion while protection and health business grew by 38 percent. --DORIS DUMLAO-ABADILLA Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other ...

AGI reports 13% drop in income in 9 months
Philstar - 2017-11-12
MANILA, Philippines -- Alliance Global Group Inc. (AGI), the conglomerate of tycoon Andrew L. Tan, reported a net income to P15.2 billion in the first nine months,13 percent lower than the P17.3 billion posted in the same period last year as some ...

JG Summit core net income up to P22.7 B in 9 months
Philstar - 2017-11-12
MANILA, Philippines -- JG Summit Holdings Inc., the conglomerate of the Gokongwei ... Another Gokongwei-owned company, Robinsons Retail, meanwhile, posted nine month income of P3.5 billion, up 5.8 percent from P3.3 billion a year ago.

Do you know your TPPs from your RCEPs, NAFTAs and OBORs?
BusinessWorld Online - 2017-11-12
World leaders and senior business figures are gathering in the Vietnamese city of Danang this week for the annual 21-member APEC summit. -- AFP Danang, Vietnam -- In the world of trade diplomacy, the acronym is king. As world leaders descend on the ...

From abaca trading to key conglomerate
Philstar - 2017-11-12
Erramon Aboitiz, the president and CEO of what is now known as Aboitiz Equity Ventures (AEV), shares how the company evolved from a small family business based in Cebu to a major diversified group of companies in the country today. "In the late 1800s ...

Roku Earnings Show This Company Is a Good Investment Opportunity
The Street - 2017-11-12
We've already started to see this begin as Roku announced a move into the Philippines via Globe Telecom. It's not the revenue or even the earnings that are the driver here, although a top line growth of 40% year-over-year is impressive. I'm drawn to the ...

ABS-CBN net income down 20% to P2.26 billion in 1st 9 months
Rappler - 2017-11-12
MANILA, Philippines - Lopez-led media conglomerate ABS-CBN Corporation saw its net income drop by 20% year-on-year through the 1st 9 months of 2017 in the absence of national elections to boost advertising sales. In a disclosure to the Philippine Stock ...

Ayala Malls Cloverleaf turns over a new leaf
Philstar - 2017-11-12
MANILA, Philippines -- We symbolically turn a new leaf at Cloverleaf," said Jay Teodoro, estate head of Cloverleaf, strategic land bank management group of Ayala Land Inc. (ALI), at the opening of the Ayala Malls Cloverleaf in Balintawak, Quezon City.

Foreigners warned vs joining ASEAN protests
Philstar - 2017-11-12
Balboa added that the DOH has borrowed 21 high-end ambulances from private service providers. PLDT Inc. and wireless subsidiary Smart Communications Inc. have boosted internet connectivity in locations which would serve as venues for the meetings.

Tobacco boosts income of LT Group
Business Mirror - 2017-11-12
Eton Properties Philippines Inc. and our 30.9-percent stake in Victorias Milling Co. Inc. each provided around 4 percent of the total, or P246 million. The income of PMFTC reached P2.88 billion for the period, which is 60 percent higher than the P1.8 ...

Banks, property push up FDC bottom line by 19%
Business Mirror - 2017-11-12
Property subsidiary Filinvest Land Inc. (FLI) posted net income of P3.7 billion for the period, which is 7 percent higher than last year, on the back of a 7-percent increase in revenues to P14.5 billion during the period. Rental revenues grew 31 percent to ...

ALI, Gaisano P35-billion JVA spells 13,000 jobs in Mactan
Business Mirror - 2017-11-12
Cebu Holdings Inc. (CHI) President Aniceto Bisnar Jr. said the first phase of the development alone would already provide at least 2,000 jobs. This particular phase is set to be completed by 2020. "We believe in introducing pioneering concepts and that ...

JG Summit profit drops as higher fuel prices, weak peso hit Cebu Pacific, URC
BusinessWorld Online - 2017-11-12
The company attributed the slowdown to its airline business through Cebu Air, Inc. (Cebu Pacific), which suffered a 38.3% decline in earnings for the period. "(The decrease) was primarily due to the lower net income of our airline business which was ...

AGI 9-month net income drops
BusinessWorld Online - 2017-11-12
Emperador, Inc. said its earnings grew by 18% in the third quarter, bringing its nine-month income to P4.4 billion. Travellers International Hotel Group, Inc. (TIHGI) continued to reel from the effects of the shooting incident at Resorts World Manila last ...

Retailers report mixed 3rd quarter results
BusinessWorld Online - 2017-11-12
Same-store sales growth was 0.4% in 2017 as compared to 2.9% in 2016," MRSGI said. Meanwhile, Robinsons Retail Holdings, Inc. (RRHI) reported its net income attributable to the parent fell 5.4% to P1.21 billion for the July to September period ...

Xurpas swings to Q3 net loss as mobile ads unit faces challenges
BusinessWorld Online - 2017-11-12
XURPAS, Inc. swung to a net loss in the third quarter of 2017, as headwinds in its mobile advertising segment pulled down the positive performance of other businesses. In a regulatory filing, the listed technology firm exhibited a net loss attributable to ...

ACR to build 3 power plants simultaneously
BusinessWorld Online - 2017-11-12
ALSONS Consolidated Resources, Inc. (ACR) said it will carry out the construction of three projects simultaneously next year, with commercial operations of the plants scheduled in 2019, 2020 and 2021. "We look forward to an exciting year ahead of us as ...

South Korea air agreement to expand capacity on flights to and from Manila
BusinessWorld Online - 2017-11-12
Airlines that fly between the two countries are Philippine Airlines (a unit of PAL Holdings, Inc.); its subsidiary PAL Express; Cebu Pacific (a unit of Cebu Air, Inc.); Philippines AirAsia (a unit of Philippines AirAsia, Inc.); charter operator Pan Pacific ...

ASEAN SME Program aims to nudge small enterprises from survival to sustainable
interaksyon.com - 2017-11-12
Launched Sunday afternoon on the first day of the ASEAN Business and Investment Summit (ABIS) at the Solaire Resort and Casino in Parañaque City, AMEN will connect MSMEs to mentors from all over the region. "The theme of this event is creating ...

AFC Asian Cup: Azkals seek qualification in Nepal
Rappler - 2017-11-12
The list of PFL players includes the Younghusband brothers from Davao, Hikaru Minegishi and Dennis Villanueva from Global, Iain Ramsay, Kevin Ingreso and Junior Muñoz from Ceres, Curt Dizon from FC Meralco Manila, and Sean Kane from JPV Marikina.

Thousands stuck in sea of vehicles as world leaders arrive for ASEAN
Philstar - 2017-11-12
The Philippine Airlines, for its part, urged its passengers to "allot more lead time to get to the airport in view of closures of certain roads leading to the airport in relation to ASEAN Summit activities." The airline gave the advice although no flights ...

DFNN earnings surge on higher platform use
Philstar - 2017-11-12
MANILA, Philippines -- Earnings of publicly listed IT firm DFNN Inc. skyrocketed in the first nine months of this year as its platform affiliates continue to increase. In a statement, DFNN said its net income surged to P121.3 million, up 15,062 percent ...

IPs give tribute to Cordilleran troops in Marawi
Philippine Information Agency - 2017-11-12
During the program, the Philex Mining Corporation also turned over 100 packs of locally grown and produced coffee to the PNP-SAF troopers. The Cordillera Binnadang Fund Drive for the Marawi heroes from the region was also launched. Igorot entrepreneur ...

Singapore Airlines redesigns personal space & luxury in the skies
Philstar - 2017-11-11
The new Business Class cabin was designed by JPA Design of the UK and manufactured for Singapore Airlines by JAMCO Corporation of Japan. Like First Class, it features classy leather seats by Poltrona Frau in addition to lightweight carbon composite materials.

ABS-CBN on track to hit income target
Philstar - 2017-11-11
MANILA, Philippines -- Media and entertainment firm ABS-CBN Corp. is on track to achieve its net earnings guidance of P2.7 billion to P3 billion this year even as net profit declined by 20 percent year-on-year in the January to September period. "

P11M staked in Cojuangco Cup, MARHO Classic races
Philstar - 2017-11-11
which was sponsored by the Manila Jockey Club Inc. with P500,000 cash prize, the winning horse was Malaya, also owned by Abalos. The second leg was won by Bite the Dust owned by Antonio Tan and the third leg Invitational trophy by Sakima of new MARHO ...

Globe declares P22.75 per share cash dividend
Inquirer - 2017-11-11
It said mobile business remained strong, led by a sharp rise in mobile data revenue. The mobile business was up 7 percent in terms of revenue for the period. Globe noted that mobile data revenue, accounting for 43 percent of the total, hit P31.3 billion ...

High fuel cost, weak peso pull down Cebu Air profit
Inquirer - 2017-11-11
"The increase in fuel cost was further influenced by the weakening of the peso against the dollar," it added. Business expansion also played a role. Cebu Air said its fleet size increased from 56 planes to 62 during the period. For the rest of the ...

2 workers killed as platform in Bacolod mall construction site collapses
Philippine Daily Inquirer - 2017-11-11
BACOLOD CITY--Two workers were killed in an accident on Saturday morning at the construction site of a mall being developed by Ayala Corp. in Barangay 8 here, police said. Construction workers Hercaleo Abraham, 36, and Doddy Malorca, 30, were pouring ...

2 workers killed as platform in Bacolod mall construction site collapses
Philippine Daily Inquirer - 2017-11-11
BACOLOD CITY--Two workers were killed in an accident on Saturday morning at the construction site of a mall being developed by Ayala Corp. in Barangay 8 here, police said. Construction workers Hercaleo Abraham, 36, and Doddy Malorca, 30, were pouring ...

Ever expanding, Jollibee income up 16.3%
Inquirer - 2017-11-11
Fast-food giant Jollibee Foods Corp. grew its nine-month net profit by 16.3 percent year-on-year to P5.11 billion on higher earnings from its expanding restaurant network worldwide. Jollibee, now the largest Asian food service company, saw a 21.1-percent ...

PH index falls below 8,500; investors pull back
Inquirer - 2017-11-11
Semirara, URC, GT Capital, Meralco, Metrobank, Jollibee and ICTSI also declined. One notable decliner among non-PSEi stocks is MacroAsia, which fell by 6.69 percent. Meanwhile, BDO gained 1.79 percent. Outside the PSEi, Italpinas continued to rise by 25.9 ...

Tobacco biz boosts LT Group profit to P6.83B
Inquirer - 2017-11-11
Tycoon Lucio Tan-led LT Group Inc. (LTG) posted a 9-percent year-on-year growth in net profit to P6.83 billion in the nine months to September period, driven mostly by higher earnings from its tobacco business. The tobacco business under PMFTC Inc ...

Smart business ideas for enterprising OFWs
Philstar - 2017-11-11
MANILA, Philippines -- The recent boom of the Philippine economy has resulted in increased migration of Filipinos to fast-growing cities and urban centers. And as the urban population grows, finding a place to live in an ever-expansive metropolis is ...

Bienvenido N. Santos: Master writer
Philstar - 2017-11-11
Ben stayed at the Brothers Quarters of DLSU whenever he was in Manila. The university even named its Creative Writing Center after Bienvenido N. Santos. Such was the love showered on Ben by the faculty and students of the university that not a few of them ...

Metro Pacific invests in Vietnam water firm
Philstar - 2017-11-11
MANILA, Philippines -- Metro Pacific Investments Corp. is investing in a water company in Vietnam. In a disclosure to the Philippine Stock Exchange (PSE) yesterday, MPIC said its wholly owned subsidiary MetroPac Water Investments Corp. (MPW) has entered ...

Foreign investments hit 16-month high
Philstar - 2017-11-11
MANILA, Philippines -- The net inflow of foreign direct investments ... infused P37 billion in fresh equity in exchange for a 20 percent stake in Security Bank Corp. It was also $699 million higher compared to the $708 million recorded in August last ...

33 join youth camp
Visayan Daily Star - 2017-11-11
Thirty-three young leaders from Negros Island joined the Binhi Youth Camp-Negros of the Energy Development Corporation in Valencia town, Negros Oriental recently. This is a three-day boot-camp on geothermal energy and Binhi forest restoration, organized by ...

33 join youth camp
Visayan Daily Star - 2017-11-11
This is a three-day boot-camp on geothermal energy and Binhi forest restoration, organized by the EDC in its Southern Negros Geothermal Project ... Asian College of Science and Technology, Metro Dumaguete College, and Silliman University, all in Negros ...

Australian PM to visit AFP headquarters
Philstar - 2017-11-11
MANILA, Philippines -- Australian Prime Minister Malcolm Turnbull ... the AFP battle the Islamic State-linked Maute group in Marawi City by deploying two AP-3C Orion aircraft for surveillance while helping in information-gathering and analysis.

P35B joint venture spells 13,000 jobs
Philstar - 2017-11-11
Cebu Holdings Inc., (CHI) president Aniceto V. Bisnar Jr. said the first phase of the development alone would already provide at least 2,000 jobs. This particular phase is set to be completed by 2020. "We believe in introducing pioneering concepts and that ...

Ray of light shines on
Inquirer - 2017-11-10
Trusted home developer Suntrust Properties Inc. knows by heart what it takes to make a difference. Being in the business of building homes for decades now, the company is well aware that to become truly successful in this field, it had to go beyond ...

Niche player remains on top of its game
Inquirer - 2017-11-10
There is much optimism exuding from the founder of the popular leisure destination Tagaytay Highlands ... the stage" for the next level of property development in the Philippines. "We, at Belle Corp., are very excited about what we can do.

Ideal home choice for growing families
Inquirer - 2017-11-10
Still, a home is the best gift you can give your family. Empire East Land Holdings, Inc. is among the developers who have made a personal mission to look after your needs when it comes to having a home. The portfolio of Empire East is designed to make ...

Ray of light shines on
Inquirer - 2017-11-10
Trusted home developer Suntrust Properties Inc. knows by heart what it takes to make a difference. Being in the business of building homes for decades now, the company is well aware that to become truly successful in this field, it had to go beyond ...

LT Group income up 9% in 9 months
Philstar - 2017-11-10
The tobacco business accounted for 42 percent or P2.87 billion of total attributable income followed by the Philippine National Bank (PNB) with P2.59 billion or 38 percent of the total pie while Asia Brewery Inc. (ABI) contributed P455 million or seven ...

San Miguel boosts profit 21% to P43.8 B
Philstar - 2017-11-10
Oil refiner Petron Corp. continued to deliver outstanding results with net earnings growing 58 percent to P11.8 billion on the back of strong sales from both its Philippine and Malaysian operations. Combined revenues of San Miguel Brewery, Ginebra San ...

Ayala nets P23.2B
Inquirer - 2017-11-10
In social infrastructure, the generic medicine store network under Generika grew revenues ... for both its Affordable Private Education Centers (APEC schools) and the University of Nueva Caceres in Naga, AC Education now has a combined student population ...