CAB iterates air talks with four nations in 2018
BusinessMirror. - 2017-10-29
Currently, Philippine Airlines (PAL) flies to Port Moresby from Manila two times a week. The Philippines and Japan last updated their air-traffic agreement in 2013. Traffic rights between the Manila and Narita were increased to 400 flights per week between ...

The very first Binibining Cebu
Philstar - 2017-10-29
The esteemed panel of judges was chaired by actress, television and film producer, "Maalala Mo Kaya" host and Chief Content Creator of ABS-CBN Corporation Charo Santos Concio, alongside Anton San Diego, Angelito Banayo, Rolly Macasaet, reigning Miss ...

Sufficient in substance
BusinessMirror. - 2017-10-29
b. Rizal Commercial Banking Corp. (RCBC) Accounts--A Foreign Currency Account and Peso Account with RCBC, totaling $12,778.30/P257,931.60. Cruz-Bautista also discovered documents establishing the existence of the following foreign companies in locales ...

UnionBank sees double-digit net income growth
BusinessWorld Online - 2017-10-29
UNION BANK of the Philippines (UnionBank) expects another double-digit expansion in its bottom line for this year, supported by a robust increase in its loan book as the lender extends more credit lines to retail clients and small-scale firms, its top ...

SMDC plans to expand Las Piñas mixed-use project
BusinessWorld Online - 2017-10-29
Artistic rendering of SMDC's South Residences -- www.smdcsouthlaspinas.com SM Development Corp. (SMDC) plans to add up to four towers to its mixed-use complex in Las Piñas City in the next few years, following the brisk take-up of its P6-billion ...

MPTC says road works on NLEx, SCTEx halted until after ASEAN
BusinessWorld Online - 2017-10-29
MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority ...

Holcim starts P1.5-B Davao plant expansion
BusinessWorld Online - 2017-10-29
DAVAO CITY -- Holcim Philippines, Inc. is increasing the production capacity of its cement plant here by 2.2 million metric tons (MT) through a P1.5-billion expansion project that broke ground Friday, Oct. 27. "The Davao expansion is part of the company ...

Tax Court denies Petron excise tax refund claim
BusinessWorld Online - 2017-10-29
Petron Corp., on June 5, 2015, filed an administrative claim for refund of excise tax with the Bureau of Internal Revenue. "Petitioner asserts in both its administrative and judicial claim for refund that its alkylate importations are not subject to ...

ABS-CBN brings more shows to Africa
Rappler - 2017-10-29
MANILA, Philippines - ABS-CBN Corporation secured a volume deal with digital TV operator StarTimes to air its content across Sub-Saharan Africa. The Lopez-led firm said the deal entails airing of more ABS-CBN shows in response to African viewers' demand ...

UST law dean Divina slams 'smear campaign' over hazing death
cnnphilippines.com - 2017-10-29
Kapunan, using a text exchange between Atio and his mother on September 12, said the young man was at the "Petron gas station along Buendia" on that day. The Divina law firm is located there. But Divina denied that Atio came to his office, even submitting ...

Araneta to develop 140-ha. Caloocan business district
thestandard.com.ph - 2017-10-29
Araneta Properties Inc., the listed company of businessman Gregorio Araneta, plans to develop a 140-hectare property in Caloocan City into a central business district, a top executive said over the weekend. Araneta Properties chairman Gregorio Araneta III ...

PAL likely to register loss due to payment of charges
thestandard.com.ph - 2017-10-29
PAL Holdings Inc., the parent firm of PAL, earlier reported a total comprehensive loss of P1.05 billion in the January-to-June period, a turnaround from a profit of P4.62 billion year-on-year. Total revenues in the first half reached P67.76 billion ...

Stock mart likely to trade sideways; eyes on earnings
thestandard.com.ph - 2017-10-29
with Holcim Philippines and Cemex Holdings Philippines Inc. disclosing a decline in profit and Manila Electric Co. registering a three-percent increase in core net income in the first three quarters of 2017. The PSEi last week fell 1.5 percent to 8,295.95 ...

UBP sees net profit rising 50% this year
thestandard.com.ph - 2017-10-29
UNION Bank of the Philippines, the banking unit of the Aboitiz Group and one of the largest in the country, expects net income this year to increase 50 percent from a year ago even without the exceptional trading gains recorded in 2016. Union Bank ...

Kapamilya mas winner ka; ABS-CBN Cebu variety-game show turns 10 years old
Philstar - 2017-10-28
Mia, who is a marketing professional for Jollibee Foods Corporation in the Visayas, gets to travel quite often for work. Right after winning Miss Cebu, the beauty queen mentioned that she wanted to be a member of the media industry as a sports, news ...

PSE approves Calata delisting
Inquirer - 2017-10-28
Calata had argued that a regulatory violation by a single shareholder "should not be a justification to kill a legitimate business which has been profitably operating for the past decades." The PSE initiated the delisting procedure on Calata in July ...

Life & success secrets of the humble billionaire Jack Ma
Philstar - 2017-10-28
After the La Salle event, Ma and his Ant Financial Services Group CEO Eric Jing were originally scheduled to join Jaime Augusto Zobel de Ayala and Fernando Zobel de Ayala of Ayala Group, Bobby Dy of Ayala Land, Ernest Cu of Globe Telecom and Mynt CEO ...

BPI kicks off LTNCD offer
Philstar - 2017-10-28
Other banks that have sold LTNCDs include Security Bank Corp., Philippine National Bank of tobacco and airline magnate Lucio Tan and Aboitiz-led Union Bank of the Philippines.

Phl startups: pain points, pivot, profit
Philstar - 2017-10-28
AS EASY AS ABC By Atty. Alex B. Cabrera (The Philippine Star) | Updated October 29, 2017 - 12:00am (Second of two parts) If millennials are, fairly or unfairly, typecast as those who expect to be handheld more, and the ones who feel "entitled", then ...

CSMB set to pick Standhardinger
Philstar - 2017-10-28
The other potential first-round picks are Davon Potts of San Beda, Jett Manuel of UP, Rey Nambatac of Letran, John Grospe of JRU, Arvie Bringas of FEU, Lervin Flores of Arellano U, Thomas Torres of La Salle and Sidney Onwubere of EAC. GlobalPort (from ...

No win situation
Philstar - 2017-10-28
Philippine Airlines, Starbucks and Nissan Motors. The event supported by the Department of Tourism, Tourism Promotion Board (TPB) and Philippine Amusement and Gaming Corp.). For ticket reservations, call 853-9894, 851-0172, 831-7951 or email sales@pwm.com ...

ALI readies P5.7 B notes issue
Philstar - 2017-10-28
MANILA, Philippines --Ayala Land Inc., the property development arm of the Ayala Group, is preparing to launch P5.7 billion worth of corporate notes due 2019. ALI has sent invitations to institutional buyers and is targeting to issue and list the notes at ...

Asean shares best practices on food-innovation centers
BusinessMirror. - 2017-10-28
hosted the seminar-workshop "Sharing of Best Practices on Establishment and Operation of Food Innovation Center [FIC] for the Development of Asean Member-States [AMS]" at a hotel in Filinvest Corporate City, Alabang, Muntinlupa City, last week.

LB Levinson Brothers, Inc.: Celebrating 20 Years of Business Excellence
Inquirer - 2017-10-28
catering to major clients such as Globe, PLDT, Eastern Telecom, Huawei Technology, FibrHome, and other smaller but no less significant industry players. Over the decades, LB Levinson Brothers Inc. has gained the trust of its clients, and has since proven ...

Petron to file corruption charges vs PNOC president
Rappler - 2017-10-28
MANILA, Philippines - Petron Corporation executives, led by tycoon Ramon Ang, will file corruption charges against Philippine National Oil Company (PNOC) President Reuben Lista for his alleged "unexplained wealth." Ang told reporters on Saturday night ...

PAL offers P1-fare to help rebuild Marawi
cnnphilippines.com - 2017-10-28
Metro Manila (CNN Philippines, October 28) -- The Philippine Airlines (PAL) on Saturday announced an airfare promo as part of its efforts to help rebuild the war-torn city of Marawi. PAL introduced the "piso fare" or P1 one-way base fare to Cagayan de Oro ...

SM opens sustainable design malls in Palawan and Cagayan
thestandard.com.ph - 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
interaksyon.com - 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
interaksyon.com - 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 ...