SMPC H1 royalty payment triples to nearly P1.7 billion
The Daily Tribune - 2017-10-12
Integrated energy company Semirara Mining and Power Corp. (SMPC) has tripled its first half royalty payments to the Department of Energy (DoE) to P1.69 billion from P575 million during the same period last year. The surge in government remittances was ...

PHL commitment to coal power flagged as renewables advance
BusinessWorld Online - 2017-10-12
THE PHILIPPINES is "massively" exposed to new coal-fired power plants worth P1.05 trillion that the country may end up not using, a US think tank said in a report released on Thursday. Institute for Energy Economics and Financial Analysis (IEEFA ...

5 Ways Pets Can Add Love to Your Retirement
U.S. News Money - 2017-10-12
The University of Pennsylvania was founded by Benjamin Franklin. But the city has also evolved to include more modern amenities, such as several professional sports teams, art and science museums and top-ranked medical facilities at the Hospitals of the ...

Philippines stocks higher at close of trade; PSEi Composite up 0.53% - 2017-10-12
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 120 to 83 and 49 ended unchanged. Shares in SM Prime Holdings Inc (PS:SMPH) rose to all time highs; gaining 3.01% or 1.050 to 35.950. Shares in Ayala Corp (PS:AC) rose to all ...

PLDT to spend P500 million for submarine cable
BusinessMirror. - 2017-10-12
PLDT Inc. is investing P500 million in an international submarine cable system that will link the Philippines to three continents. Scheduled to be launched before the year ends, the Asia-Africa-Europe 1 Submarine Cable System (AAE-1) will span roughly ...

PSEi at 8,400 for first time
BusinessMirror. - 2017-10-12
Most actively traded stock included Ayala Corp., which was up P25 to P1,077. Ayala Land Inc. rose P0.30 to P42.80, while SM Prime Holdings Inc. gained P1.05 to P35.95. SM Investments Corp. climbed P14 to P942 and Manila Electric Co. was up P6 to P292.

PSE stuck in middle of road toward single-trading hub
BusinessMirror. - 2017-10-12
A FEW years ago the Philippine Stock Exchange Inc. (PSE) began to cross a road its Asian peers have long treaded on: trade in diverse securities. The PSE, however, appears to be stuck in the middle. The melancholy comes from the lofty aim of the PSE ...

Pepsi, Rotary cheer up troops recovering at Army Hospital in Taguig
BusinessMirror. - 2017-10-12
The event, organized by the Rotary Club of Manila (RCM) in collaboration with the Army Scout Rangers, Pepsi-Cola Products Philippines Inc. (PCPPI) and Miss Philippines Pageant, was meant to bring joy and entertainment to the injured troops, while thanking ...

Quezon City remains ideal residential area in NCR
BusinessMirror. - 2017-10-12
The commercial establishment-rimmed Katipunan Avenue also provides links to the gated subdivisions of the well-to-do, where land parcels provide for more spacious homes and higher levels of privacy, such as La Vista, White Plains, Green Meadowst and ...

Congressmen want more power plants built - 2017-10-12
Meralco said that while over 1,000 MW of power output was added last year, "the rise in demand is soaking up new capacity." House Minority leader and Quezon 3rd District Rep. Danilo Suarez said the entry of more power plants would help generate much ...

Stock index tops 8,400 points - 2017-10-12
The Philippine Stock Exchange index, the 30-company benchmark ... Property developer SM Prime Holdings Inc. rose 3 percent to P35.95, while conglomerate Ayala Corp. gained 2.4 percent to P1,077.00. Meanwhile, other Asian markets mostly rose Thursday.

Starmobile expands retail channels - 2017-10-12
MANILA, PHILIPPINES -- Filipino tech company Star Telecom Alliance Resources, Inc. (STAR Inc.), the group behind Starmobile, announced that it is expanding its retail distribution ... over 20 sari-sari stores and loading stations in Metro Manila, Cagayan ...

SKY subscribers can enjoy Netflix original TV series and films - 2017-10-12
SKY Cable Corporation is the cable, direct-to-home, and broadband unit of ABS-CBN Corporation. For more information, visit

PLDT building submarine cable for PH link to 3 continents
Rappler - 2017-10-12
MANILA, Philippines - Listed telecommunications giant PLDT Incorporated is building a 25,000-kilometer international submarine cable linking the Philippines to Asia, Africa, and Europe. With an initial investment of P500 million, this submarine cable is ...

NPA claims attack on Mt. Province hydro plant
Philippine Daily Inquirer - 2017-10-12
The NPA also accused Hedcor of manipulating people to secure the "free prior and informed consent" (FPIC) of the community, which allowed the subsidiary of the Aboitiz Power Corp. to build the plant. It says the company collects P4.56 per kilowatt hour ...

PNB, Security Bank eye debt notes offering to raise funds
Inquirer - 2017-10-12
Two big banks--Philippine National Bank and Security Bank Corp.--are set to tap the local financial market with an offering of high-yielding deposit notes. In a disclosure to the Philippine Stock Exchange yesterday, PNB said it was offering at least P3 ...

Justice denied: Baliaga acquitted, search for Jonas continues after a decade
Bulatlat - 2017-10-12
On April 28, 2007, Jonas Burgos was abducted in the Ever Gotesco mall in Quezon City by suspected armed state agents, forced inside a van with the plate number TAB 194. He was still able to speak to his mother thru a phone call, but his message made no ...

Paras 'finds' anomalies at PCGG during Bautista's time
Rappler - 2017-10-12
allowing the failure of liquidation of cash advances from the Philippine National Bank (PNB). Paras did not show the documents, since he said they would be officially submitted and attested to by the PCGG during the impeachment trial, if need be.

AFP respects acquittal of Army officer charged for Jonas Burgos abduction
Philippine Daily Inquirer - 2017-10-12
Baliaga was acquitted by the Quezon City regional trial court on Thursday. He was one of those who allegedly snatched Burgos at the Ever Gotesco mall along Commonwealth Avenue in Quezon City almost 10 years ago. Part of the verdict said the prosecution ...

PSE: Eight years of bull run and counting
BusinessMirror. - 2017-10-12
To give you some perspective on what has gone down--or actually up--since then, my "favorite" issues were Universal Robina Corp. (URC) trading at P6.50, Megaworld Corp. (MEG) at P0.50 and JG Summit Holdings Inc., which was at P2.95. URC is now priced ...

NOCCI eyes plant of 300K mangroves
Visayan Daily Star - 2017-10-12
The Negros Oriental Chamber of Commerce and Industry Inc. and ... Dubbed "10M in 10", the project which was launched last year by geothermal leader Energy Development Corporation, in cooperation with the Department of Environment and Natural Resources ...

Duterte names OICs to DOH, DICT
Rappler - 2017-10-12
DICT Undersecretary Eliseo Mijares Rio Jr will serve as OIC in place of former DICT secretary Rodolfo Salalima, whom Duterte fired for allegedly "favoring" Globe Telecom. DOH Undersecretary Herminigildo Valle will serve as OIC in place of former secretary ...

Army officer acquitted in Jonas Burgos abduction case
InterAksyon - 2017-10-12
But we will find Jonas," Edita Burgos said. Baliaga, now a major, was allegedly one of those who seized Burgos, son of press freedom icon Jose Burgos, as he lunched at the Ever Gotesco mall on Commonwealth Avenue on April 28, 2007. But the judge said ...

Army officer acquitted in Jonas Burgos abduction case
InterAksyon - 2017-10-12
But we will find Jonas," Edita Burgos said. Baliaga, now a major, was allegedly one of those who seized Burgos, son of press freedom icon Jose Burgos, as he lunched at the Ever Gotesco mall on Commonwealth Avenue on April 28, 2007. But the judge said ...

QC court acquits army man in Jonas Burgos case
Rappler - 2017-10-12
Baliaga allegedly led the group that abducted Burgos on April 28, 2007 at the Hapag Kainan restaurant inside Ever Gotesco Mall. Of all the military members sued for Burgos' disappearance, only Baliaga was charged in court. Baliaga's trial at the QC RTC ...

Parts of Mt. Province lose power after armed men attack hydro plant
Philippine Daily Inquirer - 2017-10-12
The power plant is operated by the Hydroelectric Power Corp. (Hedcor), a subsidiary of the Aboitiz Power Corporation. Power in many parts of the province has not been restored at press time. In a statement, Hedcor said the unidentified group blasted the ...

Philippines stocks lower at close of trade; PSEi Composite down 0.47% - 2017-10-11
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 96 to 91 and 56 ended unchanged. Shares in BDO Unibank Inc (PS:BDO) rose to all time highs; up 2.49% or 3.40 to 139.90. Gold Futures for December delivery was down 0.21% or 2.74 ...

PT&T eyes comeback, seeks foreign partner
Inquirer - 2017-10-11
Philippine Telegraph and Telephone Corp. (PT&T) wants to regain its status as a major telecommunications force in the Philippines--revealing plans to provide high-speed internet across the country in three years and possibly tap a foreign telco partner as ...

PH stocks surge to a new high
Inquirer - 2017-10-11
URC, BPI, SM Prime and ICTSI also slipped. 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.

Immersion pushed to address work-skills mismatch
Philstar - 2017-10-11
The partners include Globe Telecom, Ayala Foundation, Enrique Zobel Foundation, Department of Trade and Industry and Department of Environment and Natural Resources. Deadline for nominations is on Oct. 31.

Aragorn Power gets 1-year extension for $300-M Apayao geothermal project
Philstar - 2017-10-11
MANILA, Philippines -- The Department of Energy (DOE) has granted Aragorn Power and Energy Corp. (APEC), the power unit of Sy-led APC Group Inc., a one-year contract extension for its $300-million geothermal project in Kalinga, Apayao. In a disclosure ...

Indonesian firm pursues LNG investments in off-grid areas
Philstar - 2017-10-11
MANILA, Philippines -- Indonesian firm JSK Gas Corp. is looking to invest in the liquefied natural gas (LNG) sector in the Philippines that would replace diesel-fired power plants in off-grid areas. The company has formed JSKLNG Holding Phils. Inc. to ...

Security Bank, PNB set LTNCD issues
Philstar - 2017-10-11
Meanwhile, Tan-controlled Philippine National Bank (PNB) is raising at least P3 billion from the third tranche of its LTNCD issuance that kicked off yesterday. PNB informed the PSE the issue size has an option to upsize depending on the demand as the ...

What's next for PAL and its potential partner after P6-B settlement
Rappler - 2017-10-11
Philippine Airlines (PAL) on Friday ... This was not the case for other firms which have been in the spotlight recently, such as Metrobank which lost P14.63 billion in market capitalization in a day amid a fraud case involving an employee.

AGI forays into infra, plans Fort Bonifacio Skytrain
Philstar - 2017-10-11
Aside from the proposed monorail, the company is looking to propose other potential infrastructure projects, particularly on transport solutions, in several business districts around Metro Manila and in key growth areas around the country. The ...

Lady Bulldogs subdue Tams, near title
Philstar - 2017-10-11
MANILA, Philippines -- National University survived a fourth set scare as it repulsed a Bernadeth Pons-less Far Eastern University, 25-22, 21-25, 25-18, 26-24, last night to zero in on the Premier Volleyball League Collegiate Conference crown at the ...

SM Prime opens Tuguegarao mall
Philstar - 2017-10-11
MANILA, Philippines -- SM Prime Holdings Inc. continues to expand its footprint nationwide. The company opened its newest mall, SM Center Tuguegarao Downtown yesterday, making it the first SM mall in the Cagayan Valley Region. The mall, which will provide ...

Mindanawons looking forward to changes from home
BusinessMirror. - 2017-10-11
However, after Duterte assumed the presidency, the Board of Investments reported almost P1 trillion worth ... before he flew to Lima, Peru, for the Asia Pacific Economic Cooperation 24th meeting of economic leaders and heads of state, that the Philippine ...

Alorica doubles down on employee recruitment with Xurpas Group?
Inquirer - 2017-10-11
ALORICA, the largest BPO in the US and among the top 5 BPO players in the Philippines, partners with Xurpas Enterprise and STORM Technologies to accelerate talent acquisition and to increase employee engagement through an incentives-based motivational ...

Consumer picks lure investment firms
BusinessWorld Online - 2017-10-11
"We actually see the Philippines as a very stable political environment," said Cyrus Driver, managing director at Swiss private investment firm Partners Group, which has acquired outsourcing firm SPi Global from PLDT Global Investments Corp., an ...

Duterte tax reform spells stimulus for retailers
BusinessWorld Online - 2017-10-11
Puregold Price Club, Inc., a grocery operator, and Robinsons Retail Holdings, Inc., which runs supermarkets and drugstores, have risen 39% each this year, while Philippine Seven Corp., the largest convenience store operator, is up 24%. SSI Group Inc., a ...

All wrapped and ready to grow
BusinessWorld Online - 2017-10-11
Banquet sponsors are Bench; Bounty Fresh Food, Inc.; CDO Foodsphere; Fiori Di Marghi; First Metro Investment Corp.; Global Ferronickel Holdings, Inc.; Hyundai Asia Resources, Inc.; Intermed Marketing Phils., Inc.; Jollibee Foods Corp.; LBC; SteelAsia and ...

Tan’s AGI wants to build monorail from Fort to MRT
- 2017-10-11
By Arra B. Francia, Reporter ALLIANCE GLOBAL Group, Inc.’s (AGI) latest push for diversification will be into the infrastructure sector, starting with the submission of an unsolicited proposal for a two-kilometer monorail project connecting Fort Bonifacio to the Metro Rail Transit Line 3 (MRT-3). The holding firm of tycoon Andrew L. Tan on Wednesday disclosed …

Globe sees flat capex for 2018
BusinessWorld Online - 2017-10-11
GLOBE TELECOM, Inc. may keep its capital expenditure (capex) for 2018 at the same level as this year. "We try to keep it at around the same level year on year," Globe CEO Ernest L. Cu told reporters when asked about capex guidance for 2018, at the ...

PPP Center evaluating rail, flood control projects
BusinessWorld Online - 2017-10-11
The unsolicited proposal for EWR was submitted by the consortium of property firm A Brown Company, Inc. and Malaysian infrastructure conglomerate AlloyMTD, which Megawide Construction Corp. later joined. "Another one is the (flood control) project.

Mindanao road projects vital to government counterinsurgency campaign-Army
BusinessMirror. - 2017-10-11
Holcim Philippines was a partner of the provincial government in the undertaking, providing 400 bags of cement to the units to be constructed at the New Berjaya GK Village. The provincial government gave P100 daily allowance to the trainees. On the other ...

SPI to develop 100-MW solar plant in Tarlac
BusinessMirror. - 2017-10-11
Sunray Power Inc. (SPI) will develop a 100-megawatt (MW) solar-power project in Tarlac. SPI is 75-percent owned by Menlo Renewable Energy Corp., a wholly owned subsidiary of MRC Allied Inc. A solar energy-service contract for the development of the said ...

Alviera investment up to P100B
The Daily Tribune - 2017-10-11
Alviera, a large-scale, mixed-use estate in Porac, Pampanga jointly developed by Ayala Land and Leonio Land Holdings Inc., has raised its investment from P90 billion to P100 billion. With an additional 700 hectares infused to the development, Alviera has ...

AGI proposes Makati Skytrain - 2017-10-11
Alliance Global Group Inc., the holding company of tycoon Andrew Tan, is diversifying into infrastructure and proposed a two-kilometer monorail project that will connect Fort Bonifacio to Metro Rail Transit Line 3 Guadalupe station in Makati City.

Baguio garbage woes threaten 'Forevermore' mountain
Rappler - 2017-10-11
BAGUIO, Philippines - At more than 2,250 meters ... Based on initial estimates from the City Engineering Office, the local government needs at least P300 million to build the road network within the city-owned property before the construction of the ...