Aboitiz Power, Deutsche Regis win 2017 PSE Bell Awards
Inquirer - 2017-11-10
The Philippine Stock Exchange honored publicly listed companies and trading participants which have excelled in their corporate governance (CG) programs and practices. At the 2017 PSE Bell Awards for excellence in corporate governance held on Thursday at ...

FDI, trade, factory data pull Q3 GDP growth in opposite directions
BusinessWorld Online - 2017-11-10
Ricafort, head of the Economics & Industry Research Division of Rizal Commercial Banking Corp., said in an e-mail: "The increase in FDIs vs. a year ago was partly due to increased foreign investment pledges... amid improved Philippine ties/relations with ...

More holding firms turn in positive results
BusinessWorld Online - 2017-11-10
The food and beverage segment -- consisting of San Miguel Brewery, Inc.; Ginebra San Miguel, Inc. and San Miguel Purefoods Company, Inc. that are now the subject of consolidation into one holding company -- accounted for over third of the conglomerate ...

Metro Pacific buys into Vietnamese water company
BusinessWorld Online - 2017-11-10
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 ...

Strong sales boost Jollibee profit in Q3
BusinessWorld Online - 2017-11-10
FAST food giant Jollibee Foods Corp. (JFC) grew its profit by 21.1% in the third quarter of 2017, lifted by improved sales in both its local and overseas store network. In a statement issued on Friday, JFC said its net income attributable to the parent ...

Banks say selected branches to close during ASEAN holidays
BusinessWorld Online - 2017-11-10
In a Facebook note, Philippine National Bank (PNB) announced that on Nov. 13 to 15, some branches in Metro Manila and Rizal will only be open from 9 am to 12 noon, while some branches in Bulacan and Pampanga will be open from 9 am to 3 pm.

RCBC Q1 profit driven by strong lending growth
BusinessWorld Online - 2017-11-10
RIZAL COMMERCIAL Banking Corp. (RCBC) said net profit rose 19% in the third quarter amid "vibrant" lending growth. In a statement to the bourse on Friday, RCBC booked a net profit of P1.1 billion in the third quarter, against P893 million a year earlier.

7-Eleven licensee says Q3 profit up 18%
BusinessWorld Online - 2017-11-10
THE local licensee of 7-Eleven convenience stores said earnings grew by the double digits in the third quarter fueled by an increase in same-store sales for the period. In a regulatory filing, Philippine Seven Corp. (PSC) reported an 18% increase in net ...

Peso strengthens on dollar unwinding ahead of long weekend
BusinessWorld Online - 2017-11-10
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said FDI and other data did not affect market sentiment. "Except for inflation, other data released seem not to be influencing market movements," Mr. Asuncion said in an email.

Philippine conglomerates report healthy earnings amid robust economy
Nikkei Asian Review - 2017-11-10
MANILA -- Consumer-centric Philippine conglomerates on Friday reported robust ... JG Summit Holding, which has operations in foods, airlines and real estate, said its revenues grew 14% to 177.80 billion pesos, but net profit fell 7.9% to 21.2 billion ...

Who are the richest families in ASEAN?
Rappler - 2017-11-10
Under Ayala Corporation, the group is best known for their chain of Ayala Malls. However they are also known for their operations in telecommunications, banking and financial services, and water, and energy. The group was founded in 1834 and is currently ...

SMC, Petron post hefty profits
The Standard - 2017-11-10
Conglomerate San Miguel Corp. and oil refining unit Petron Corp. registered hefty profits in the first nine months of the year on higher revenues. San Miguel said recurring net income rose 21 percent to P43.8 billion from P36.3 billion on higher revenues ...

Ayala, GT Capital report big earnings
The Standard - 2017-11-10
Conglomerates Ayala Corp and GT Capital Holdings Inc. reported double-digit growth in earnings for the first nine months of the year on the sustained growth of business units. Ayala Corp. said income from January to September this year rose 18 percent to ...

PLDT raises earnings goal
Inquirer - 2017-11-10
Telecom 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 yesterday announced that its 2017 recurring core profit, which ...

RCBC says income fell to P3.4b in nine months
The Standard - 2017-11-10
RIZAL Commercial Banking Corp., the ninth-largest lender in terms of assets, said consolidated net income in the first nine months declined 2.8 percent to P3.4 billion from P3.5 billion a year ago. RCBC said in a statement net income in the third quarter ...

Aboitiz Power, Deutsche Regis win 2017 PSE Bell Awards
Inquirer - 2017-11-10
the stock exchange named Deutsche Regis Partners as the Bell Awardee in the trading participant category while Aboitiz Power won the Bell Award for the listed company category. Deutsche Regis also won a special citation as the best trading participant in ...

5 healthy habits to protect your ATM card at all times
Philstar - 2017-11-10
The chip card technology is a global standard for credit, debit and payment. Metrobank is calling all their debit card holders to upgrade and enjoy the following benefits: Better protection from fraud. Chip cards provide better fraud protection than ...

Private companies pledge help in rebuilding Marawi City
Philstar - 2017-11-10
READ: Feeding program launched as Marawi schools start to open Task Force Bangon Marawi chief Eduardo Del Rosario said that San Miguel Corporation has already pledged to build 5,000 permanent shelters for Marawi survivors. Del Rosario said that the ...

New shelter for children
thestandard.com.ph - 2017-11-10
DMCI Homes joined hands with CRIBS Foundation, Inc. in creating a new sanctuary for abandoned and abused children in Antipolo City as part of its "Kaakbay" corporate social responsibility (CSR) program. It donated construction and finishing materials ...

San Miguel Pure Foods net income grows to P4.7 billion
cnnphilippines.com - 2017-11-10
Metro Manila (CNN Philippines, November 10) -- Food giant San Miguel Pure Foods Company Inc. (SMPFC) on Friday said its net income is up 26 percent in its first nine months from a year ago to P4.7 billion (US$92 million). "With San Miguel Pure Foods ...

JG Summit eyes P18-billion project in Cebu City
BusinessMirror. - 2017-11-10
Osmeña added JG Summit Holdings Inc. is expected to submit to the city a formal unsolicited proposal within the month. "They will spend P18 billion for a hotel, restaurant, casino and convention center. There will be 1,000 rooms and four towers.

7-Eleven PH nets P648M
Inquirer - 2017-11-10
The e-commerce business was launched to take advantage of growing customer preference towards innovation and convenience," it added. For this year, the PSC has set a capital expenditure budget of at least P3.5 billion to support its store expansion strategy.

Philippines stocks lower at close of trade; PSEi Composite down 1.01%
Investing.com - 2017-11-10
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 133 to 73 and 45 ended unchanged. Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; rising 1.79% or 2.60 to 147.60. Gold Futures for December delivery was down 0.23% or ...

Rondina raves about UST teammates despite Tigresses' PSL loss to Petron
Philstar - 2017-11-10
Far Eastern University and National University are tipped to come up with a lot of surprises. Rondina said the confidence they are gaining in competing in an elite tournament like the Grand Prix will definitely rub off and translate into something good com ...

AEV books lower profit of P15.9B at end-Sept
Inquirer - 2017-11-09
Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw a 7-percent year-on-year decline in nine-month net profit to P15.9 billion due to slower earnings from its banking, food and cement businesses alongside nonrecurring foreign exchange losses. AEV booked a ...

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
Osmeña 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 ...