Duterte's first day in Japan reaps over P300 billion-worth of investments
cnnphilippines.com - 2017-10-31
Meralco Chairman Manny Pangilinan, Metro Pacific Investments Corporation President and CEO Jose Ma. Lim, Bases Conversion and Development Authority President and CEO Vince Dizon were among top Philippine officials who signed deals with Japan's biggest ...

Japan Tobacco keen on expanding presence, eyes PH as ASEAN hub - Dominguez
interaksyon.com - 2017-10-31
REUTERS FILE MANILA - Japan Tobacco Inc. (JT Group), which recently bought homegrown Mighty Corp. and allowed the latter to pay a P30-billion tax liability to the Philippine government, is keen on expanding its business in the country, according to ...

LIST: Bank schedule for Undas
Philstar - 2017-10-31
2017 NAIA 1- Arrival Area 6 a.m. to 4 a.m. NAIA 1- Departure Area 6 a.m. to 9 p.m. NAIA 2- Departure Area 7 a.m. to 9 p.m. NAIA 3 - Arrival Area Metrobank - All branches are closed on October 31 and November 1 Security Bank - Selected branches are ...

Meralco unit asks ERC to approve power supply agreements soon
Rappler - 2017-10-31
MANILA, Philippines - Rogelio Singson, the newly-appointed chief of the power generation unit of the Manila Electric Company (Meralco), called on the Energy Regulatory Commission (ERC) to approve applications for 7 power supply agreements (PSAs) as soon ...

Access to bank records of Corona, wife OKd
Philippine Daily Inquirer - 2017-10-30
The Ombudsman earlier issued subpoenas duces tecum to officials of Allied Banking Corp., Land Bank of the Philippines, PS Bank Center and Deutsche Bank AG Manila. The bank executives were directed to appear at a conference at the Office of the Special ...

Access to bank records of Corona, wife OKd
Philippine Daily Inquirer - 2017-10-30
The Ombudsman earlier issued subpoenas duces tecum to officials of Allied Banking Corp., Land Bank of the Philippines, PS Bank Center and Deutsche Bank AG Manila. The bank executives were directed to appear at a conference at the Office of the Special ...

Bad weather grounds some Cebu Pacific, PAL domestic flights
Philippine Daily Inquirer - 2017-10-30
The Manila International Airport Authority (Miaa) said the following flights were canceled as of 1:00 p.m.: According to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (Pagasa), a low pressure area (LPA) embedded along the ...

Dennis Uy acquires FamilyMart
Philstar - 2017-10-30
In a disclosure to the Philippine Stock Exchange yesterday, Ayala Land Inc. (ALI) and SSI Group Inc. said SIAL CVS Retailers Inc., FamilyMart Co. Ltd. and Itochu Corp. have entered into a memorandum of agreement to sell their 100 percent outstanding shares ...

Big airport projects: Going, going, gone?
Philstar - 2017-10-30
The $50-billion project called for an airport and economic zone at Sangley Point. The Filinvest Group and JG Summit Holdings, Inc. also submitted a $3.7-billion proposal to expand and develop Clark. Similarly, GMR-Megawide Cebu Airport Corp. (GMCAC ...

The 3rd telco player
Philstar - 2017-10-30
And Zamora said it would be better than the existing telco services in the country. When I asked Ernest Cu -- the man credited for making Globe Telecom the giant that it is now -- to comment on the entry of a third telco player, he said "everyone is ...

Manulife to hold financial literacy classes
Philstar - 2017-10-30
MANILA, Philippines -- Manulife Philippines has tied up with Hands On Manila (HOM) for a series of financial literacy classes for public school students. Under the Peso Smart, Manulife employees would teach Grade Six students the basics of saving and ...

PAL airlifts donations to Marawi
Philstar - 2017-10-30
MANILA, Philippines -- Philippine Airlines (PAL) is offering free airlift of critical supplies and relief goods for the rebuilding of Marawi City. PAL is flying donations to Cagayan de Oro, for transport by land to Marawi City, through accredited ...

ICTSI completes acquisition of 35% stake in MNHPI
Philstar - 2017-10-30
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, ICTSI said it has "complied with all the conditions precedent in relation to the share purchase agreement for the purchase of 10,449,000 MNHPI shares from Petron Corp., representing 34.83 ...

Oil tycoon buys out FamilyMart owners
BusinessWorld Online - 2017-10-30
DAVAO-BASED tycoon Dennis A. Uy is acquiring the local operator of FamilyMart convenience stores through Phoenix Petroleum Philippines, Inc. -- the latest in a series of buyout deals that broaden his business beyond logistics and oil. In a statement ...

BDO net income up 5% as of September 2017
BusinessWorld Online - 2017-10-30
BDO UNIBANK, Inc. (BDO) posted higher earnings in the first nine months of the year, driven by higher income from its core and fee-based businesses. In a disclosure to the local bourse on Monday, the Sy-led bank said it booked a P20.4-billion net income in ...

PLDT invests P7B in undersea cable system
BusinessWorld Online - 2017-10-30
PLDT, Inc. is investing in a fiber optic submarine cable system from the Philippines to Japan and the United States. PLDT, INC. on Monday said it is investing around P7 billion ($136.7 million) in a new Trans-Pacific ... of PLDT Global Corp. Katrina ...

New telco player could aid shift to e-payments
BusinessWorld Online - 2017-10-30
THE ENTRY of a new telecommunications provider could spur a faster migration to electronic payments, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla, Jr. said, with connectivity issues in the Philippines seen as a "pain point" for the ...

Commercial operations of Maibarara-2 to start in Dec.
BusinessWorld Online - 2017-10-30
PetroGreen Energy Corp. owns 65% of MGI, with Phinma Energy Corp. holding 25% and state-led PNOC Renewables Corp. owning the remaining 10%. PetroGreen is the renewable energy holding firm of publicly listed PetroEnergy. - Victor V. Saulon

PSEi firms up above 8,300
Inquirer - 2017-10-30
SM Investments and RRHI both added over 2 percent while PLDT gained 1.85 percent. Meralco and Ayala Corp. also contributed gains. Outside of the PSEi, notable gainers included Phoenix, whose shares rose by 0.7 percent after the deal to acquire FamilyMart ...

The business case for integrity: The Royal Cargo story
BusinessMirror. - 2017-10-30
THE Phinma Group, which has a long experience in anti-corruption and pro-integrity, invited me to present the "Royal Cargo Story"--its business case pro-integrity--to its executives. I would like to share "our" story with the readers of ...

Cebu Pacific junks plan to fly to Honolulu
BusinessWorld Online - 2017-10-30
Cebu Air, Inc. recently formally filed for additional entitlements to Hong Kong as well as Bali, Indonesia, due to "increasing demand," said Mr. Gokongwei. For long-haul flights, Mr. Gokongwei said flying to the mainland United States is a possibility ...

SM to install e-vehicle charging stations in malls
BusinessWorld Online - 2017-10-30
Mr. Aboitiz is a director of Aboitiz Equity Ventures, Inc. QEV Philippines, the local unit of QEV Capital Pte. Ltd., did not immediately respond when asked about the number of stations it will put up at the malls. SM Prime Holdings owns SM Supermalls ...

PHL shares rise on month-end window dressing
BusinessWorld Online - 2017-10-30
Azurin via text. Gainers were led by Citystate Savings Bank, Inc. which rose 10.52% to finish at P9.98 apiece; First Abacus Financial Holdings, Corp. advanced 6.15% to P0.69 per share; and Waterfront Philippines, Inc. rose 5.26% to P1 apiece. All sectoral ...

Lender seeks place in top-performing PHL banks
BusinessMirror. - 2017-10-30
ASIA United Bank (AUB) Corp. commits to further develop its technology and explore segments of the Philippine market as it strives beyond its 20th year to be among the top 10 universal banks in the country under its new president Manuel Gomez. After two ...

Iata: Clark not the best alternate airport to Naia
BusinessMirror. - 2017-10-30
Philippine Airlines (PAL) President Jaime J. Bautista said Clark, which is about 100 kilometers from the Naia, has its own catchment area. "Clark can serve passengers from Central Luzon, Cagayan Valley, or Ilocos region, and sometimes, passengers from ...

MGI geothermal plant in Sto. Tomas, Batangas now producing 600 GWh
BusinessMirror. - 2017-10-30
MGI is 65-percent owned by PetroGreen Energy Corp. (PGEC), 25 percent by Phinma Energy and 10 percent by PNOC Renewables Corp. PGEC is the renewable-energy holding firm of publicly listed PetroEnergy Resources Corp. (PERC). At the time it was put on line ...

Delisted Calata to list in Bitcoin exchange
BusinessMirror. - 2017-10-30
The company in August said it is, instead, selling out to Millenium Global Holdings Inc., another listed firm, which will buy 81 percent of Calata shares via subscription to 2.5 billion unissued shares. The company said it will then transfer all its ...

FamilyMart franchise sold to Uy
BusinessMirror. - 2017-10-30
On the other hand, SIAL CVS Retailers Inc., a 50-50 joint-venture company between ALI Capital Corp., a wholly owned subsidiary of Ayala Land Inc., and SSI Group Inc. Ayala Land and SSI currently own 60 percent of FamilyMart CVS. Japanese companies ...

PLDT to invest P7B in new cable system
BusinessMirror. - 2017-10-30
THE Public Affairs office of PLDT Inc. announced on October 30 that the telecommunications company (telco) is investing nearly P7 billion ($136.7 million) in the new Trans-Pacific cable system to be called "Jupiter," which will further increase PLDT ...

Union Bank nets P6.4B
Inquirer - 2017-10-30
Aboitiz-led Union Bank of the Philippines saw a 21-percent year-on-year drop in nine-month net profit to P6.4 billion amid reduced reliance on securities trading gains. Excluding securities trading, however, Union Bank said core income posted a year-on ...

PhilWeb now ready to resume operations
thestandard.com.ph - 2017-10-30
Online gaming solutions provider PhilWeb Corp. said Monday it can now resume operations after obtaining a certificate of accreditation from state-owned Philippine Amusement and Gaming Corp. Philweb said in a disclosure to the stock exchange that as a ...

Holcim income drops by 57 percent on plunging sales, soft prices
BusinessMirror. - 2017-10-30
THE income of cement manufacturer Holcim Philippines Inc. dropped by more than half during the nine months of the year as soft prices and lower sales hurt its operations. The company said its income fell to just P2.29 billion during the period ending ...

A convenience store in every station? Phoenix Petroleum to acquire Philippine FamilyMart
InterAksyon - 2017-10-30
MANILA - Phoenix Petroleum Philippines, Inc. announced Monday it has signed a Memorandum of Understanding to acquire Philippine FamilyMart (PFM), the third largest convenience store brand in the country. The MOU was signed on October 30, 2017 between ...

A convenience store in every station? Phoenix Petroleum to acquire Philippine FamilyMart
interaksyon.com - 2017-10-30
The MOU was signed on October 30, 2017 between Phoenix Petroleum and SIAL CVS Retailers, Inc. (a joint venture between ALI Capital Corp. of Ayala Land, Inc. and the SSI Group, Inc.), FamilyMart Co., Ltd., and Itochu Corporation, for the planned 100% ...

Davao tycoon Dennis Uy buys FamilyMart Philippines
asia.nikkei.com - 2017-10-30
Ayala Land and upscale retailer SSI Group, which jointly control the company that runs FamilyMart, on Monday said they had signed an agreement with Uy's Phoenix Petroleum Philippines, a fuel retailer. Japanese companies FamilyMart Co. and Itochu ...

Phoenix Petroleum to acquire FamilyMart
cnnphilippines.com - 2017-10-30
"Philippine ... Corp.'s 7-11 and the Robinsons Retail Holdings Inc.'s Mini Stop. Phoenix Petroleum said the potential acquisition of the convenience store complements its retail fuel business, which has 518 stations nationwide. FamilyMart, which first ...

Closing Bell: Sensex, Nifty end at record closing high; HUL, ITC drag
Money Control - 2017-10-30
The government's selling its 51.11 percent stake in Hindustan Petroleum Corporation (HPCL) to Oil and Natural Gas ... Lupin management said. 3:01 pm Real estate investment: Real estate investment in India's six major cities doubled to USD 2.87 billion ...

Real estate hotspots outside Metro Manila
BusinessWorld Online - 2017-10-30
In addition to being the hub of Philippine culture and commerce, the metropolis, particularly in the business districts of Makati and Bonifacio Global City, has given rise to some of the most remarkable buildings and landmarks in the country. Yet for all ...

GMA Network continues as nationwide ratings frontrunner in October
GMA News - 2017-10-30
Broadcast leader GMA Network, Inc. (GMA) continued its strong showing in the nationwide television ratings competition in October based on data from Nielsen Phils. TV Audience Measurement. From October 1 to 28 (with October 22 to 28 based on overnight data ...

Dennis Uy buys FamilyMart PH
Inquirer - 2017-10-30
SIAL CVS is a 50-50 joint venture company between ALI Capital Corp., a 100-percent subsidiary of Ayala Land Inc., and SSI Group Inc. "We are proud to have introduced FamilyMart to the Philippines. Filipinos have really embraced the convenience store ...

Manila gridlock spurs dormitory demand to keep workers close
Australian Financial Review - 2017-10-30
Ayala Land which built Manila's financial district, is expanding into workers' dormitories as developers target people fed up with battling some of the world's worst traffic. The company is investing 3 billion pesos ($75.6 million) building five ...

Sandiganbayan gives Ombudsman go signal to probe Corona bank accounts
Rappler - 2017-10-30
The subpoenas were for documents and officials from Allied Banking Corporation, Land Bank of the Philippines, and PSBank. "The Court does not discount the danger that the subpoenaed bank officials may be misled into believing that the Court has ...

Ayala extends helping hand to farmers
Inquirer - 2017-10-30
Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

Araneta eyes financial center in burgeoning Caloocan
Inquirer - 2017-10-29
Property developer Araneta Properties Inc. is planning a 140-hectare central business district (CBD) in the eastern part of Caloocan, an area to be traversed by the upcoming Metro Railway Transit 7, as part of a new roadmap to unlock values from the vast ...

Longer wait for internet relief
Inquirer - 2017-10-29
The two executives of Globe Telecom and PLDT Inc.--Ernest Cu and Eric Alberto, respectively--who attended a forum organized by De La Salle University last week that had Chinese billionaire Jack Ma as speaker-- deserve medals for forbearance. In an ...

Meralco moving toward cleaner technology
Philstar - 2017-10-29
The firm also teamed up with Semirara Mining and Power Corp. to develop a 2x350-MW pulverized coal-fired power plant in Calaca, Batangas under St. Raphael Power Generation Corp. While these are coal plants, Singson said MGen is focusing on supercritical ...

Sunday Beauty Queen inspires lawyers to give free legal assistance
Philstar - 2017-10-29
Dwight dela Torre, the HK branches of Metrobank and the Philippine National Bank, and the Prime Credit Building through its president Leo Selomenio of the Global Alliance Hong Kong. Selomenio is one of the stars of the docu which was adjudged Best Picture ...

Same old story
Philstar - 2017-10-29
Nothing new there too. An official of Philippine Airlines talked about their proposal to decongest NAIA T2 by building additional terminal space. I was the first to break that news early this year. No new development there also. Question and answer portion ...

A series of wins for Robinsons Land
Philstar - 2017-10-29
Robinsons Land Corp. (RLC) continues to have a triumphant 2017 as they enjoy a continuous stream of successes under the excellent leadership of its president Frederick Go. The leading real estate developer opened its first mall in the ...

Data-privacy law to boost PHL cybersecurity sector
BusinessMirror. - 2017-10-29
Redoble, who is also president of nonprofit group Philippine Institute of Cyber Security Professionals ... private individuals includes government agencies like the Comelec, Social Security System and the Bureau of Internal Revenue, Averia explained.