PH equities down on continued profit-taking
Inquirer - 2017-10-21
On the other hand, Meralco, Metrobank and SM Investments firmed up. Among non-PSEi stocks, PNB and Lopez gained in heavy volume. Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets ...

LBC seeks strategic partners to boost growth
Inquirer - 2017-10-21
Logistics giant LBC Express Holdings Inc. is in talks with potential foreign strategic partners, which would help it expand and acquire new technologies, a ranking executive said. Miguel Camahort, LBC president and CEO, said taking on a partner was "part ...

Duterte pal buys $1-B Clark logistics project
Inquirer - 2017-10-21
Uy built his fortune out of petroleum trading and distribution under Phoenix Petroleum Philippines Inc. 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 ...

Index ends lower on technical correction
Philstar - 2017-10-20
The best performers of the session yesterday included the International Container Terminal Services Inc., which rose 1.37 percent to close at P103.4. Likewise, JG Summit Holdings Inc. gained 1.33 percent to end at P76.200. Lopez-owned First Gen Corp. fell ...

Del Monte Pacific selling $160 M preferred shares
Philstar - 2017-10-20
MANILA, Philippines -- Del Monte Pacific Ltd (DMPL), listed in both the Singapore and Philippine stock exchanges, is raising $160 million from a second tranche of its dollar-denominated shares. In a disclosure to the Philippine Stock Exchange (PSE ...

Make Your Nanay Proud
Philstar - 2017-10-20
LODESTAR By Danton Remoto (The Philippine Star) | Updated October 21, 2017 - 12:00am One Jewish writer said, "The milk we imbibed from our mothers will nourish us, and make sure we do not forget them." Such wisdom guides the Make Your Nanay Proud ...

Window to the past
Inquirer - 2017-10-20
Outside the dining room is the cocina or kitchen whose one unique feature was an icebox, the early 20th century version of a refrigerator. Back then, wealthy families would have ice delivered daily to their homes for P5 a month, or P2,000 today.

Anscor sells stake in US-based firm for $36.85M
Inquirer - 2017-10-20
Holding firm A. Soriano Corp. (Anscor) has raised $36.85 million from the sale of its US healthcare staffing business under Cirrus Holdings. In a disclosure to the Philippine Stock Exchange, Anscor said its wholly owned British Virgin Island company IQ ...

BPI gets BSP nod for up to P30-B bond offering
Rappler - 2017-10-20
Gotianun-led East West Banking Corporation raised P10 billion from 5 tranches of LTNCTD issuances. More recently, Dy-led Security Bank Corporation launched the 1st tranche of its planned P20-billion LTNCTD issuance earlier this week. The bank looks to ...

DBP grants P355M loan to bulk water supplier
Philstar - 2017-10-20
CEBU, Philippines -- The Development Bank of the Philippines (DBP) released the P355 million loan to Cebu-based bulk water supplier Mactan Rock Industries Inc. (MRII). The loan, under the DBP omnibus credit facility will be used by the company to fund its ...

Petron, Foton kick off Superliga bid
Philstar - 2017-10-20
MANILA, Philippines -- Petron takes on Generika-Ayala while Cignal and Foton clash in the other match kicking off the Chooks to Go-Philippine Superliga Grand Prix today at the Filoil Flying V Center in San Juan. Boasting of top imports in Serbians Sara ...

PSEi slips on heavy foreign selling
Inquirer - 2017-10-20
BDO, URC, Semirara and GT Capital all slipped by over 2 percent. Puregold dropped by 1.64 percent. PLDT, Ayala Land, SM Prime and Globe Telecom all slipped. Outside of the PSEi, notable decliners included Pilipinas Shell (-3.47 percent), RCBC (-1.16 ...

New Long Distance Irons from KZG
BusinessMirror. - 2017-10-20
KZG is distributed in the Philippines by Custom Clubmakers with offices at Mandala Park, 1552 Shaw Boulevard, Mandaluyong City and at the Commerce Center, Filinvest, Alabang.

Metrobank buying out partner in credit card firm
Inquirer - 2017-10-20
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.

Arraignment of Ex-PCGG chief Sabio deferred after he loses lawyer
Philstar - 2017-10-20
The Office of the Ombudsman, which filed the cases in December last year, said Sabio influenced his late younger brother, then Court of Appeals Associate Justice Jose Sabio Jr. to rule in favor of the GSIS in a case filed by the Lopez-owned Meralco.

Bloomberry to push through with QC casino project
thestandard.com.ph - 2017-10-20
Bloomberry Resorts Corp. said it will proceed with a planned hotel and casino development in Quezon City despite opposition from residents. Bloomberry chairman Enrique Razon Jr. said in an interview at the sidelines of the 43rd Philippine Business ...

Anscor sells US medical staffing business
Inquirer - 2017-10-20
Holding firm A. Soriano Corp. has raised $36.85 million from the sale of its US healthcare staffing business under Cirrus Holdings. In a disclosure to the Philippine Stock Exchange on Friday, Anscor said its wholly-owned British Virgin Island company IQ ...

PSEi ends higher at 8,487.37
Inquirer - 2017-10-20
Ayala Corp. was the most actively traded, gaining 4.3 percent to P1,116 a share. It was followed by SM Prime Holdings, down 0.54 percent to P36.80; Ayala Land Inc., up 2.12 percent to P43.35; Jollibee Foods Corp., up 0.41 percent to P247, and Bank of the ...

Petron presents Philippine Leg of Formula 4 SEA
Rappler - 2017-10-20
MANILA, Philippines -- As the official fuel and engine oil of the 2017 Formula 4 South East Asia (F4 SEA) Championship, Petron presents the Philippine leg of the regional championship on October 20-22 at Clark International Speedway (CIS) in Pampanga.

FIGBA finals in 30 venues
m.philstar.com - 2017-10-20
Major sponsors of the event are Thunderbird The Winning Formula and B-MEG Integra Power together with Excellence Poultry & Livestock Specialists, LDI, Hagibis, Salto, Vitarich Titan, Vio-Plus, Pit Fighter and Mad Science.

Marano named PSL ambassador
Visayan Daily Star - 2017-10-20
Generika-Ayala will be facing Petron in the first match to be followed by the Cignal-Foton encounter. Both matches will be shown live on ESPN5, the league's official broadcast partner. According to the PSL statement released to the media on Thursday ...

Martial law to stay in Mindanao - Rody
Philstar - 2017-10-20
Army trucks crawled through the deserted streets to take displaced people to safe areas of Marawi, where echoes of gunfire and explosions could still be heard as troops sought to finish off the remaining Maute group militants hemmed into a shrinking battle ...

Philippine Airlines (PAL) launches a new Brand Equity campaign - - NBC12 - WWBT - Richmond, VA News On Your Side
WWBT-TV NBC 12 - 2017-10-20
MANILA, Philippines, Oct. 20, 2017 /PRNewswire/ -- Philippine Airlines (PAL) is the national flag carrier of the Philippines and Asia's first airline. As PAL continues to strengthen its brand story of delivering heartfelt customer service, it launches a ...

American Process and Byogy Renewables Launch Phase 1 Of DOE-Funded Biofuels And Bioproducts Project
Lexology - 2017-10-20
The patented technologies and intellectual property provided by AVAPCO, Byogy, and Petron will allow for the conversion of wood to cellulose and cellulosic sugars, which are then converted to cellulosic biojet and nanocellulose.

PSL GP fires off; Marano named ambassador
Philstar - 2017-10-19
Marano and the Cargo Movers will open their campaign against Petron on Nov. 4 when the league rolls to the University of St. La Salle gym in Bacolod.

Metrobank increases stake in Metrobank Card Corporation
interaksyon.com - 2017-10-19
The Metrobank Plaza on Gil Puyat Avenue, Makati City. FILE PHOTO FROM GT CAPITAL HOLDINGS INC. MANILA - Metropolitan Bank & Trust Company (Metrobank) has entered into an agreement with its joint-venture partner ANZ Funds Pty. Ltd. (ANZ) to increase its ...

Metrobank increases stake in Metrobank Card Corporation
InterAksyon - 2017-10-19
The Metrobank Plaza on Gil Puyat Avenue, Makati City. FILE PHOTO FROM GT CAPITAL HOLDINGS INC. MANILA - Metropolitan Bank & Trust Company (Metrobank) has entered into an agreement with its joint-venture partner ANZ Funds Pty. Ltd. (ANZ) to increase its ...

BPI raising P30 B from LTNCD issue
Philstar - 2017-10-19
BDO Unibank Inc. raised a record P11.8 billion through the issuance of LTNCD last August bringing the total listed amount of the SM Group on the Philippine Dealing Exchange (PDEx) at P155.24 billion. On the other hand, Gotianun-led East West Banking Corp ...

Western Union ties up with Pera Hub
Philstar - 2017-10-19
MANILA, Philippines -- Leading global payments service provider Western Union has tied up with Petnet Inc. to expand its nationwide retail footprint by 20 percent as remittances are expected to rise ahead of the Christmas season. The partnership with ...

Stocks resume upward trend
Philstar - 2017-10-19
The benchmark Philippine Stock Exchange index (PSEi) regained 55.64 points to close ... The best performers were led by the LT Group Inc. which gained 4.85 percent or 0.840 points to close at P18.160 while Ayala Corp. also rose by 4.30 percent to P1,116 ...

Cirtek seeks SEC go-signal to issue $200-M pref shares
Philstar - 2017-10-19
MANILA, Philippines -- Cirtek Holdings Philippines Corp. is seeking the approval of the Securities and Exchange Commission (SEC) to issue dollar-denominated preferred shares. Anthony Buyawe, chief finance officer of Cirtek, said the company plans to sell ...

ICTSI allots $22 M for RTGs
Philstar - 2017-10-19
MANILA, Philippines -- International Container Terminal Services Inc. is spending $22 million to deploy hybrid rubber tired gantries (RTG) at the Manila International Container Terminal (MICT) to boost operations. The listed port operator said in a ...

Italpinas expands in Luzon
Philstar - 2017-10-19
MANILA, Philippines -- Italpinas Development Corp. (IDC), the listed green developer which started in Cagayan de Oro, has expanded in Luzon with its maiden project in Batangas. IDC is now preparing to launch the first phase of its Miramonti project in ...

Western Union expands network
BusinessWorld Online - 2017-10-19
WESTERN UNION has broadened its retail expansion through branches of LBC Express, Inc., as the global money transfer firm rides on the robust growth in remittance inflows to the Philippines despite growing interest towards e-payments. The financial ...

Energy Storage Handbook
JD Supra - 2017-10-19
JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the ...

BPI plans LTNCTD offer
BusinessWorld Online - 2017-10-19
Other big banks are also in the process of offering long-term papers to investors. The Philippine National Bank, Security Bank Corp., Union Bank of the Philippines, and the Metropolitan Bank & Trust Co. have rolled out their own fund-raising plans through ...

Harbor Star acquires energy company
BusinessWorld Online - 2017-10-19
HARBOR STAR Shipping Services, Inc. is marking its entry into the power sector with the acquisition of a 60% stake in an energy firm with interests in Mindanao. In a disclosure to the stock exchange on Thursday, the listed tugboat and cargo vessel company ...

General optimism makes bourse resume ascent
BusinessWorld Online - 2017-10-19
Those that lost were led by Universal Robina Corp. that dropped 2.91% to P140.10 apiece; Alliance Global Group, Inc. that fell by 2.40% to P15.48; Robinsons Retail Holdings, Inc. that went down 1.57% to P93.80 and GT Capital Holdings, Inc. that gave up 1 ...

PSE offers Calata voluntary delisting instead of selling out
Rappler - 2017-10-19
MANILA, Philippines - The chief of the Philippine Stock Exchange (PSE) thinks the proposal of Calata Corporation to sell out to Millennium Global Holdings Incorporated to save itself from being delisted "is not workable." The local bourse has instead ...

Harbor Star unit to buy GenSan solar-power company
BusinessMirror. - 2017-10-19
TUGBOAT operator Harbor Star Shipping Services Inc. on Thursday said its board of directors has approved to purchase, through its wholly owned subsidiary, Harbor Star Energy Corp., a majority stake in a group of firms that plans to operate a solar-power plant.

ICTSI invests $22 million for transtainers at MICT
BusinessMirror. - 2017-10-19
PORT operator International Container Terminal Services Inc. (ICTSI) has invested $22 million part of its $80-million capital for its flagship terminal to deploy 16 new hybrid rubber-tired gantry (RTG) cranes at the Manila International Container Terminal ...

Philippines stocks higher at close of trade; PSEi Composite up 0.66%
investing.com - 2017-10-19
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 102 to 96 and 49 ended unchanged. Shares in Ayala Corp (PS:AC) rose to all time highs; up 4.30% or 46.00 to 1116.00. Gold Futures for December delivery was up 0.27% or 3.40 to $ ...

Stocks advance; RCBC rises
thestandard.com.ph - 2017-10-19
Gainers outnumbered losers, 102 to 97, while 49 issues were unchanged. Thirteen of the 20 most active stocks ended in the green, led by Rizal Commercial Banking Corp. which jumped 5.6 percent to P60.50 and aviation company MacroAsia Corp. which gained 5.2 ...

Asistio, Eustaquio top ICTSI National Pro-am Open
BusinessMirror. - 2017-10-19
In Photo: Former national players Tonton Asistio (left) and Jude Eustaquio rally to victory. FORMER national players Tonton Asistio and Jude Eustaquio battled back from three down with four holes to go in regulation then edged Jelbert Gamolo and Jolo ...

Philippines stocks higher at close of trade; PSEi Composite up 0.66%
Investing.com - 2017-10-19
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 103 to 89 and 46 ended unchanged. Shares in Petron Corp (PS:PCOR) fell to 52-week lows; falling 2.27% or 0.200 to 8.600. Gold Futures for August delivery was down 0.46% or 5.70 ...

Security Bank seeks to raise P5B from time deposit certificates
Inquirer - 2017-10-19
Lender Security Bank Corp. has rolled out a new offering of high-yielding deposits, seeking to raise at least P5 billion to better manage liabilities while expanding its funding and investor base. The long-term negotiable certificates of deposits (LTNCDs ...

Metrobank buys out credit card stake of Australia's ANZ
Rappler - 2017-10-19
MANILA, Philippines - The Philippines' second biggest bank said on Thursday, October 19, it will spend $288 million buying out the minority stake that Australia's ANZ has in a credit card joint venture. Metrobank will take over ANZ's 40% share in ...

Security Bank raising P5B from deposit offer
Inquirer - 2017-10-19
Lender Security Bank Corp. has rolled out a new offering of high-yielding deposits, seeking to raise at least P5 billion to better manage liabilities while expanding funding and investor base. The long-term negotiable certificates of deposits (LTNCDs) will ...

PSE to launch short-selling, other products in 2018
Inquirer - 2017-10-19
The Philippine Stock Exchange (PSE) aims to introduce short-selling as a hedging mechanism in the stock market by the first quarter of next year. Short-selling allows investors to sell stocks they do not own yet by borrowing the underlying securities, a ...

NLRC upholds decision favoring GMA Network in two illegal dismissal cases
GMA News - 2017-10-19
The Fourth Division of the National Labor Relations Commission (NLRC) in Quezon City ruled in favor of GMA Network, Inc. on two labor complaints filed by former talents against the broadcast company. In the resolution penned by Commissioner Bernardino B.