SM opens sustainable design malls in Palawan and Cagayan - 2017-10-28
SM Prime Holdings Inc., the property arm of SM Investments Corp., has opened two more malls in Luzon, showcasing sustainable designs that respond to various market and environmental changes. The SM Puerto Princesa City in the tropical capital of Palawan ...

Holcim nets P2.3B in Jan-Sept, down 57.6% on lower volumes, prices - 2017-10-28
A truck loaded with bags of cement leaves a Holcim Phils. plant in file photo. IMAGE FROM HOLCIM PG WEBSITE MANILA - Building solutions provider Holcim Philippines has posted a 57.6-percent decline in profit in the first three quarters of the year on ...

Wishful thinking
Bulatlat - 2017-10-28
and the displacement of 300,000-plus people as internal refugees who are both distressed and outraged over the loss of their homes and livelihoods. And yet the Maute group and its Islamic State (IS) allies who gave the "modernized" AFP such a difficult ...

PLDT Consumer Group ramps up network investments, unveils P11-B modernization - 2017-10-28
PLDT and Smart celebrated milestones with their star-studded roster of ambassadors. In photo are (L-R) PLDT SVP and Head of Consumer Business Customer Development Alex Caeg, Jericho Rosales, Bettina Carlos with daughter Gummy, Camille Prats with son Nathan ...

Profits of Holcim, Cemex shrink
Inquirer - 2017-10-28
Holcim Philippines ... net income in the first nine months declined by 63 percent year-on-year to P688 million, attributed to lower prices and volumes. Prices declined in response to "heightened competitive conditions," the company said in a separate ...

Digong on surveys
Philippine Daily Inquirer - 2017-10-28
RSA is filing a complaint against Reuben Lista, president of the state-owned Philippine National Oil Co. (PNOC), in the Office of the Ombudsman for being arrogant toward him and his officials at Petron Corp. According to Ang, Petron, the No. 1 oil company ...

Little ray of sunshine
Inquirer - 2017-10-27
But for trusted home developer Suntrust Properties Inc., it almost came naturally. The litmus test came early --during its inception, in fact, when Suntrust needed to let go of some of its people. "It was the worst period. Sales were not picking up ...

Basic Energy pursues ventures in 3 countries
Philstar - 2017-10-27
MANILA, Philippines -- Basic Energy Corp. is participating in four renewable projects located in Japan, Myanmar and Thailand in line with plans to expand its portfolio here and abroad. The company disclosed yesterday that it received the go signal from ...

Improve Your Executive Presence
Inc. - 2017-10-27
Allison Kluger recalls one of her earliest days as an associate producer at Good Morning America, when a senior producer saw ... She hosted and produced at Q2, an offshoot of shopping network QVC, and she was executive producer at the Global Shopping ...

Where is my focus?
Philstar - 2017-10-27
The writer of Hebrews reminded first-century followers of Jesus to recall how they had ... "You suffered along with those in prison and joyfully accepted the confiscation of your property, because you knew that you yourselves had better and lasting ...

Foreign investor confidence remains strong -- DOF
Philstar - 2017-10-27
... of cigarette manufacturer Mighty Corp., and a $1.3 billion deal between the Energy Development Corp. and the Philippines Renewable Energy Holdings Corp. (PREHC). Dominguez said investor confidence has been boosted by initiatives, such as the massive ...

Meralco looks to surpass core profit target
Philstar - 2017-10-27
MANILA, Philippines -- Power distributor Manila Electric Co. (Meralco) is looking to slightly surpass its core profit last year as the surprise surge in sales will be tempered by the intense retail competition and ongoing developments in its power ...

Cement firms post lower earnings in Q3
Philstar - 2017-10-27
Holcim Philippines posted a net income of P337.1 million in the third quarter, down 423 percent from P1.76 billion a year ago. This brought nine-month income to P2.3 billion, 136.6 percent lower than the previous year. Cemex Holdings Philippines ...

Gridlock spurs dormitory demand to keep workers close
BusinessMirror. - 2017-10-27
The move into dormitories could also help Ayala Land meet its target to get half of revenue from recurring earnings by 2020. The builder is leaning on its track record of developing high-end properties to compete with SM Investments Corp., which has ...

ABS-CBN shows air in Sub-Saharan Africa
Philstar - 2017-10-27
MANILA, Philippines -- Media and entertainment firm ABS-CBN Corp. has entered into an agreement with digital television (TV) operator StarTimes to air more Kapamilya programs across Sub-Saharan Africa. In a statement yesterday, ABS-CBN said the agreement ...

PNB raises P6.3 B from LTNCD
Philstar - 2017-10-27
MANILA, Philippines -- Tan-controlled Philippine National Bank (PNB) raised P6.35 billion from the issuance of long-term negotiable certificates of time deposits (LTNCDs), more than double the issue size of P3 billion. The LTNCDs due April 2023 with an ...

SBS Holdings expands land bank
Philstar - 2017-10-27
The area, which has a size of approximately 2,371 square meters, is an ideal acquisition because of its close proximity to the POEA building and the Robinsons Galleria in EDSA-Mandaluyong. Given its close proximity to POEA and Robinsons, the property is an ...

BPI launches first tranche of LTNCTD issue
BusinessWorld Online - 2017-10-27
Other big banks are also considring offers of long-term debt paper to investors. The Philippine National Bank, Security Bank Corp., Union Bank of the Philippines, and the Metropolitan Bank & Trust Co. have also rolled out note offerings.

Cement makers suffer weak quarter on falling sales
BusinessWorld Online - 2017-10-27
CEMENT manufacturers Holcim Philippines, Inc. and Cemex Holdings Philippines recorded drops in their net incomes for the third quarter this year on the back of shrinking sales, higher operating costs, and tighter industry competition. In a statement ...

Basic Energy hunting for Asian private deals
BusinessWorld Online - 2017-10-27
BASIC Energy Corp. will be part of four renewable energy projects in Japan, Myanmar and Thailand as approved by its board and will buy stakes in various companies in the region, the listed company said on Friday. It will buy a stake in Solmax Power Ltd., a ...

Consolidation mode keeps PSEi below 8,300
BusinessWorld Online - 2017-10-27
de Celis, Timson Securities, Inc. equities trader ... traded stocks showed those that gained were led by Alliance Global Group, Inc. that surged by 4.47% to close P15.88 apiece; DMCI Holdings, Inc. that rose by 2.89% to P15.68; Metropolitan Bank & Trust ...

Concepcion Industrial Q3 profit up 12%
BusinessWorld Online - 2017-10-27
CONCEPCION Industrial Corp. on Friday reported a 12% increase in its third-quarter net profit to P182 million, which it said was driven by a "stronger" topline growth. The profit figure, which is net of taxes and minority interest, comes from net sales ...

Actor Cogie Domingo reportedly caught in drug raid
Philstar - 2017-10-27
According to reports by radio station DZBB of GMA Network Inc., Domingo was arrested on Friday morning by PDEA operatives. Authorities are yet to confirm how much and what kind of illegal drugs were confiscated from the actor. According to an ABS-CBN ...

MRC Allied eyes solar panels in Xentro Malls
Philstar - 2017-10-27
MANILA, Philippines -- MRC Allied Inc. is in talks with XRC Mall Developer Inc. to put up solar rooftop panels in its community malls. In a discloure to the Philippine Stock Exchange yesterday, MRC said its board gave the go-signal to pursue discussions ...

PSL resumes at Filoil Flying V Centre today - 2017-10-27
ACTION-packed battles explode as unbeaten teams Petron and Foton tackle separate foes when the Chooks to Go-Philippine Superliga (PSL) formally goes full blast today (Saturday) at the Filoil Flying V Centre in San Juan. The Blaze Spikers collide with rival ...

UBS Should Thank Its Wealth Management Team
The Street - 2017-10-27
Swiss bank UBS AG (UBS) said Friday that third-quarter net income rose ... while profit before tax gained 3% to Sfr352 million, as the company increased revenue from its advisory work but saw declines in its fixed income, currencies and commodities unit ...

PH internet 'no good'? Telcos, PCC react to Jack Ma
Rappler - 2017-10-27
(READ: PLDT, Globe, Meralco: Yes to foreign players) "On PCC's part, our role is to foster competition in the telecom market. This means opening up the market to more players and leveling the playing field between incumbents and entrants, between big and ...

SMDC eyes P6 billion from sale of condo units near Southmall
BusinessMirror. - 2017-10-27
SM Development Corp. (SMDC), the residential arm of SM Prime Holdings Inc., is building a four-tower, medium-rise condominium buildings at the back of SM Southmall in Las Piñas. Therese P. Sonsing-Fernando, SMDC assistant vice president for project ...

People & Events
Visayan Daily Star - 2017-10-27
Palanca said"This is because of the Victorias Milling one of the earliest sugar mills in the country at the turn of the century. Victorias City being the home of VMC has come up with this festival highlighting the importance of sugar to the economy ...

BPI raising P5B from high-yielding deposits
Inquirer - 2017-10-27
Ayala-led Bank of the Philippine Islands is raising at least P5 billion from an offering of high-yielding deposit notes to support expansion plans and diversify funding sources. BPI launched on Friday the first tranche of its long-term negotiable ...

Wall Street woes, profit taking pull down PH index
Inquirer - 2017-10-27
Investors sold down shares of Metro Pacific, which slid by 3.63 percent. Ayala Land, SM Investments and PLDT all tumbled by over 1 percent while Ayala Corp., Globe Telecom and AGI also slipped. Among the notable decliners were PXP Energy (-5.34 percent ...

Foton, Petron stake unblemished records
Philstar - 2017-10-27
MANILA, Philippines -- Action-packed battles explode as unbeaten teams Petron and Foton tackle separate foes when the Chooks to Go-Philippine Superliga (PSL) formally goes full blast Saturday at the Filoil Flying V Centre in San Juan. The Blaze Spikers ...

Ayala expands coworking space network, opens BGC unit
Inquirer - 2017-10-27
In October 2016 or prior to the launch of Clock In, BGC developer Fort Bonifacio Development Corp.--which is likewise spearheaded by Ayala Land--opened its own 1,200-sqm coworking space under the brand Square One in Bonifacio Technology Center.

A peek into Jack Ma's 24-hour Manila visit
Rappler - 2017-10-27
MANILA, Philippines -- Do you think you had a busy Wednesday? If so, spare a thought for Chinese business icon and Alibaba Group founder Jack Ma who jetted into Manila late Tuesday night, October 24, ahead of a whirlwind 24 hours in the capital.

Alibaba's Jack Ma: PH internet 'no good'
Rappler - 2017-10-27
Ma, however, took a diplomatic approach to the situation, pointing out that the business sector should simply focus on solving the problem. "Honestly, it's unfair to blame anyone for slow internet. Opportunity exists in areas most people complain about.

Globe, PLDT battle it out in cashless payments
Rappler - 2017-10-27
MANILA, Philippines - The competition between the country's two telecommunications giants, Globe Telecom Incorporated and PLDT Incorporated, has spilled over into mobile payments, as they rush to serve a budding market that is slowly doing away with ...

5 Inspiring Rags-to-Riches Filipino Business Stories
Manila Channel - 2017-10-27
You can also see Jollibee in almost everywhere you go in the country. Lucio Tan of Asia Brewery, Tanduay, Fortune Tobacco, Philippine Airlines, Allied Bank, and many more to mention Lucio was born on 1934 also in Fujian Province, China. He started with a ...

Each Marawi hero's family to get P2-M livelihood aid
Rappler - 2017-10-27
MANILA, Philippines - San Miguel Corporation (SMC) committed to provide each of the ... The families can choose their startups from various SMC affiliates, such as Petron, Kambal Pandesal, BMEG Feeds, Distributorship, TJ Hotdog, Monterey Meat Shop ...

Firms of high value
BusinessWorld Online - 2017-10-27
Following Ayala Corp. is Top Frontier Investment Holdings, Inc. at the 1,228 th spot. The company is the largest stakeholder of the San Miguel Corp., and cites sales and profits of $14.2 billion and $21 million, respectively, with assets at $28.8 billion.

Asia CEO Awards honors exceptional business leaders
BusinessWorld Online - 2017-10-27
First Gen Corporation was awarded the ADEC Innovations Green Company of the Year for its strong participation in sustainability and environmental protection programs and initiatives. First Gen is one of the clean and renewable energy companies in the ...

Igniting the flames of innovation
BusinessWorld Online - 2017-10-27
Juan (Binalot Fiesta Foods, Inc.); Ricardo F. Lagdameo (Damosa Land, Inc.); Peter Ira P. Laurel (Lyceum of the Philippines University -- Batangas and Laguna campuses); Maynard S. Ngu (Cosmic Technologies, Inc.-Cherry Mobile); Ma. Estela O. Nievera ...

Holcim expands with new facility
Philippine Information Agency - 2017-10-27
DAVAO CITY, October 27 (PIA) - Executives of the cement firm Holcim Philippines with representatives from the city government and other line government agencies held the ground-breaking ceremony of the Kalayaan Project on October 27, 2017. The Kalayaan ...

Jack Ma: Alibaba to keep investing in PH
Rappler - 2017-10-26
"These marketplaces," Ma noted, "will enable Filipino businesses to do business with China, Malaysia, Thailand, and Europe." The second part of Alibaba's plan for the country involves establishing a sophisticated mobile payment system. "This will allow ...

Business is brisk for SMDC in Alabang-Zapote estate
Inquirer - 2017-10-26
SM Development Corp., a subsidiary of property giant SM Prime Holdings Inc., revealed strong sales at its ... download as early as 4am & share articles on social media. Call 896 6000.

Banks and tech companies help stocks higher; drugmakers dive
News Philippines Yahoo - 2017-10-26
NEW YORK (AP) -- U.S. stocks rose Thursday as gains for technology companies and banks helped the market ... Scott Wren, senior global equity strategist for Wells Fargo Investment Institute, said investors were relieved the bank did not announce a bigger ...

Insurer, volunteer partner widen financial literacy program
BusinessMirror. - 2017-10-26
Manulife Philippines has partnered with volunteer organization Hands On Manila, (HOM) to launch a financial-literacy program for public school students dubbed as "Peso Smart." According to Manulife, its own employees will serve as the mentors of the ...

Smart buy of the year
Philstar - 2017-10-26
I also learned from the many marathon press conferences particularly from Mitsubishi Motors Corp. that the global sales picture has completely shifted from Western and developed countries toward Asia specifically China and ASEAN. Given the tough ...

Petron blazes way to 2nd PSL win, trips Sta. Lucia
Philstar - 2017-10-26
MANILA, Philippines -- Petron built an early lead in the fourth set as it drubbed Sta. Lucia, 27-25, 25-20, 22-25, 25-14 to notch its second straight win in the Chooks to Go-Philippine Superliga Grand Prix at the Filoil Flying V Center in San Juan yesterday.

EU eyes EUR100-M grant for Marawi rehab
Philstar - 2017-10-26
killed in Marawi," SMC president and chief executive officer Ramon Ang said. Ang and outgoing Armed Forces of the Philippines (AFP) Gen. Eduardo Año sealed the donation in a ceremony held at Camp Aguinaldo yesterday. "This is the best we can honor them.

How to measure impact of K-12
Philstar - 2017-10-26
GOTCHA By Jarius Bondoc (The Philippine Star ... natural and social sciences, and humanities. They cannot be repeating to college enrollees what they already taught to the high schoolers. For instance, basic calculus and accounting, brought into the ...