Uber still barred from imposing surcharges
cnnphilippines.com - 2017-10-10
Metro Manila (CNN Philippines, October 10 ... In comparison, it only takes 10 minutes to get another passenger in the central business district. "Coming out with those factors, there is a surcharge that is computed into the fare so we can again ...

Enterprise Financial Services Corp Announces Third Quarter 2017 Earnings Release And Conference Call
The Street - 2017-10-10
is a bank holding company headquartered in Clayton, Mo. Enterprise Bank & Trust operates 28 branch offices plus five limited-service facilities in the St. Louis, Kansas City and Phoenix metropolitan areas. EFSC offers a range of business and personal ...

PLDT goes into chartered flights service
Rappler - 2017-10-10
These are long-range business jets that are for the private use of the companies led by tycoon Manuel Pangilinan. Aside from PLDT, Pangilinan-led companies Meralco and Philex Mining also have a stake in the aviation firm. - Rappler.com

Metro Pacific to ink deal with Leighton for CALAX
Rappler - 2017-10-10
MANILA, Philippines - The country's largest infrastructure firm, Metro Pacific Investments Corporation (MPIC), is set to sign a P7.3-billion contract with Australia's Leighton Holdings for the construction of a portion of the Cavite-Laguna Expressway ...

Stocks on a roll, reach new high
Philstar - 2017-10-10
MANILA, Philippines -- For the second straight day yesterday, the benchmark Philippine Stock Exchange index (PSEi ... Harry Liu, president of Summit Securities Inc., said the market has been on a consolidation mode and that several factors are boosting ...

ALI hikes capex for Porac project
BusinessWorld Online - 2017-10-10
AYALA LAND, Inc. (ALI) is spending an additional P10 billion for ... Shares in ALI were unchanged at P43.30 apiece at the Philippine Stock Exchange on Tuesday.

Upcoming Toyota Century retains classical looks
BusinessWorld Online - 2017-10-10
Toyota said the car will reach Japan showrooms in mid-2018. The new third-generation Century -- the first-gen soldiered on for 30 years -- continues on the tradition of master craftsmanship and high-quality "monozukuri," or "all-encompassing ...

Catering to changing tastes
BusinessWorld Online - 2017-10-10
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.; LB; SteelAsia and ...

Phinma Properties plans 2nd project in Davao City
BusinessWorld Online - 2017-10-10
DAVAO CITY -- Phinma Property Holdings Corp. (Phinma Properties) is planning a horizontal residential development as its second project in Davao City, to be located within the vicinity of the mid-rise condominium complex it is developing in the Sasa district.

PHL intensifies partnership with South Korea in ICT
BusinessMirror. - 2017-10-10
i-Tech Global Business Solutions Inc., HKT Teleservices (Philippines) Inc., PLDT Enterprise, MetroBank, Globe Telecommunications, IL&FS, Payreto and ADEC Innovations.

Petron chides PNOC for breach of contract
BusinessMirror. - 2017-10-10
PETRON Corp. accused the Philippine National Oil Co. (PNOC) of breaching three lease contracts when the latter asked the oil firm to nullify binding-renewal clauses ahead of expiration. According to Petron, this move could jeopardize operations and, more ...

Share prices zoom to record high anew
BusinessMirror. - 2017-10-10
Its property arm Ayala Land Inc. was unchanged, at P43.30. SM Investments Corp. rose P21.50 to P940, while PXP Energy Corp. was down P0.18 to P8.70. Universal Robina Corp. shed P0.20 to P149.50.

DOE cites inroads in bid to fine-tune LNG rules
BusinessMirror. - 2017-10-10
Among the firms represented in the consultation included the Aboitiz Equity Ventures Inc., Marubeni Philippines Corp. and Sumitomo Corp. of the Philippines. The embassies of Australia, Singapore, Japan and the Republic of Korea also sent representatives.

Globe notes unsaturated home broadband market
BusinessMirror. - 2017-10-10
WITH the home-broadband market in the Philippines largely unsaturated at only 13-percent penetration, an executive of Globe Telecom Inc. said the company is gearing up to capture a huge portion of the market through a newly launched prepaid service.

Meralco, Solar PHL sign power-supply agreement
BusinessMirror. - 2017-10-10
A power-supply agreement (PSA) that underwent competitive selection process (CSP) was executed between the Manila Electric Co. (Meralco) and Solar Philippines Tarlac Corp. (SPTC). Under the agreement, Solar Philippines will supply Meralco 75 megawatts (MW ...

Ayala Land earmarks P10 billion to expand Pampanga project
BusinessMirror. - 2017-10-10
Ayala Land Inc. on Tuesday said it is expanding its Alviera development in Porac, Pampanga, and will spend an additional P10 billion for its leisure and wellness facilities. The project, jointly developed by Ayala Land and Leonio Land Holdings Inc., has ...

Globe plans issuance of retail bonds in 2018
Philstar - 2017-10-10
MANILA, Philippines -- Globe Telecom Inc. is planning to issue retail bonds next year to support its funding requirements. Globe chief financial officer Rizza Maniego-Eala told reporters in a chance interview the company is looking at the possibility of ...

Petron: PNOC violating terms of lease contracts
thestandard.com.ph - 2017-10-10
Petron Corp. warned Tuesday that state-owned Philippine National Oil Co. could violate three lease contracts for seeking to nullify alleged "disadvantageous" clauses. Petron said in a statement PNOC was in breach of the lease contracts when it told the ...

Ayala, partner increase Alviera capex to P100b
thestandard.com.ph - 2017-10-10
Ayala Land Inc. and joint venture partner Leonio Land Holdings Inc. have upgraded the capital spending for Alviera, a large-scale, mixed-use estate in Porac, Pampanga province, to P100 billion from P90 billion. Alviera general manager John Estacio said in ...

Philippines' Family Mart says mulling options amid reported sale plan
asia.nikkei.com - 2017-10-10
Family Mart, as well as Ministop, operated by Robinsons Retail Holdings, had to close down nonperforming outlets as more players entered the market in recent years. Against this backdrop, established convenience stores are moving toward transferring day-to ...

Megaworld cool to threats of AI to office-space driver
BusinessMirror. - 2017-10-10
MEGAWORLD Corp. said it can hit its 1-million-square-meter target for its office spaces by the end of the year. The property-development arm of businessman Andrew Tan continues to be bullish about expanding its office portfolio amid concerns that demand ...

LIVE! BJP routed us so badly it knocked sense into us: Rahul
Rediff - 2017-10-10
The Congress has launched an all-out attack on the BJP chief with several party leaders holding press conferences across ... and the Delhi government are equal partners in Delhi Metro Rail Corporation (DMRC), implying that both must bear equal operational ...

2017 Wharton MBA information session
Philstar - 2017-10-10
Carissa is currently with Ayala Corp. in their Strategy and Business Development Group. She previously served as a director in the Structured Credit Group at UBS Investment Bank in New York, and prior to that was a proprietary trader for the same institution.

Megaworld sees P7.2B in rental revenue from office property business
Inquirer - 2017-10-10
Tycoon Andrew Tan-led Megaworld Corp. expects to generate P7.2 billion in rental revenue from the office property segment of its business this year as it becomes the first Philippine property developer to build up one million square meters of office space ...

Delhi Metro Fare Hike: What is the Fuss About?
Moneylife - 2017-10-10
An example is how free drinking water was replaced by a corporate supplier of manufactured RO water at a cost, backed by a global payment processing company. Still, the Delhi Metro continues to deliver, and elected representatives at least, as they realise ...

Foreign direct investments in PH drop to one-year low in July
Rappler - 2017-10-10
MANILA, Philippines - The amount of foreign direct investments ... These were channeled to manufacturing; real estate; wholesale and retail trade; financial and insurance; as well as electricity, gas, steam, and air conditioning supply.

SM opens mall in Tuguegarao
Inquirer - 2017-10-10
Property giant SM Prime Holdings Inc. is opening a new shopping mall in Cagayan ... download as early as 4am & share articles on social media. Call 896 6000.

Ayala Land, SSI mull options on FamilyMart
Inquirer - 2017-10-10
In a disclosure to the Philippine Stock Exchange on Monday, ALI said SIAL CVS Retailers Inc. was "currently exploring various options intended to strengthen and grow the business of Philippine FamilyMart CVS Inc." The disclosure was made in reaction to ...

Electricity rates up; gas prices rolled back
Philstar - 2017-10-09
MANILA, Philippines -- Higher electricity rates are expected this month while fuel prices are rolled back today after two consecutive weeks of upward adjustments. Manila Electric Co. (Meralco) overall rates increased by 3.45 centavos per kilowatt-hour ...

Nights at the Manila Playboy Club
Philstar - 2017-10-09
EYES WIDE OPEN By Iris Gonzales (The Philippine Star) | Updated October 10, 2017 - 12:00am My father used to go to the Manila Playboy Club. Dad, a bon vivant, was a regular in that opulent members only club located along the sprawling tree-lined waterfront ...

Highlands Ladies Cup attracts big field
Philstar - 2017-10-09
The THLC said tickets have been sold out 10 days before the staging of the 12th edition of the annual event, which has grown in prestige and participation through the years through the support of Platinum sponsors Leisure & Resorts World Corp., Powerball ...

Successful Third IridiumĀ® NEXT Launch Brings New Services Closer to Life
einpresswire.com - 2017-10-09
development and capabilities of the Iridium NEXT constellation and services to be offered over the constellation, including Iridium Certus and Aireon SM. Forward-looking statements can be identified by the words "anticipates," "may," "can ...

SyCip passing leaves companies scrambling for board replacement
Philstar - 2017-10-09
Metro Pacific Investments Corp. (MPIC), the tollways and infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, was among the first to issue an announcement. "It is with deep sadness that we are informing the exchange, the investing public ...

Ayala-SSI joint venture mulling options for FamilyMart business
interaksyon.com - 2017-10-09
FILE PHOTO FROM PHIL.STAR MANILA - The joint venture of Ayala Land, Inc. (ALI) and SSI Group ... while SSI shares rose by five centavos or 1.2% to P4.23 apiece at the stock exchange on Monday.

Ayala-SSI joint venture mulling options for FamilyMart business
InterAksyon - 2017-10-09
MANILA - The joint venture of Ayala Land, Inc. (ALI) and SSI Group, Inc. is exploring options to strengthen its FamilyMart convenience store business in the country, amid intensifying competition. In separate disclosures on Monday, ALI and SSI said SIAL ...

Tapping deep into new opportunities
BusinessWorld Online - 2017-10-09
Panlilio, 66, president of Balibago Waterworks System, Inc. (BWSI), take one step further by ... Mr. Panlilio has piloted new strategies to grow the company, including pioneering bulk water supply arrangements with other water utility companies.

Megaworld pins hope on BPOs to drive demand
BusinessWorld Online - 2017-10-09
MEGAWORLD Corp. on Monday said it expects to have one million square meters (sq.m.) of office space inventory by the end of 2017, as the property developer remains confident the business process outsourcing (BPO) sector will continue to drive demand.

Ayala-SSI joint venture mulling options for FamilyMart business
BusinessWorld Online - 2017-10-09
THE joint venture of Ayala Land, Inc. (ALI) and SSI Group, Inc. is exploring options to strengthen its FamilyMart convenience store business in the country, amid intensifying competition. In separate disclosures on Monday, ALI and SSI said SIAL CVS ...

Shares continue climb as investors hunt for leads
BusinessWorld Online - 2017-10-09
The bellwether Philippine Stock Exchange index rose 0.68% or 56.5 points to 8,367.38 ... Badiola, equity analyst/trader at Meridian Securities, Inc., in a mobile message. The Senate will discuss on Wednesday the tax reform plan, which is crucial to ...

Chanel plans to open store in PHL by first quarter of 2018 -D.O.T.
BusinessMirror. - 2017-10-09
Last year its profit fell by 17 percent to P164.2 million. In France Teo also met with SSI Group Inc. President Anton Huang; Jose Maria "Chim" Esteban, managing director of Regent Asia Group Ltd. and the first general manager of DFPC; and Robert ...

If federalism is the solution, what is the main problem?
BusinessMirror. - 2017-10-09
In Photo: People undergo a stress-debriefing inside a tent in Balo-I, Lanao del Norte, on October 3 ... MANASAN said personal income tax may be more directly attributed to the location of residence of the taxpayer. But, she said, in the case of Austria ...

SM to open mall in Tuguegarao on October 12
Rappler - 2017-10-09
(READ: FAST FACTS: SM Investments Corporation) SM Center Tuguegarao Downtown is set to open with 90% of its space lease-awarded. Stores include SM Hypermarket, ACE Hardware, Surplus, Watsons, Miniso, Simply Shoes, and BDO Unibank. "The opening of SM Center ...

Concepcion Industrial rebrands commercial business segment
BusinessMirror. - 2017-10-09
CONCEPCION Industrial Corp., the maker of refrigerators and air-conditioning units, has rebranded its commercial business segment as Alstra. Alstra highlights the value brought by its end-to-end solutions using world class brands, such as Carrier, Condura ...

Globe eyes bond mart to finance 2018 capex
BusinessMirror. - 2017-10-09
MOBILE-services provider Globe Telecom Inc. may tap the bond market next year to finance its capital expenditures for 2018, a company official said. Globe CFO Rizza Maniego-Eala said the company may sell retail bonds--earlier announced to be as much as ...

59 listed firms deemed shariah compliant
Inquirer - 2017-10-09
If a company has a subsidiary with lending business, this conventional lending business should not exceed more than 5 percent of total revenues. None of the groups with banking businesses thus made it to the list. The latest list includes property firms ...

Globe eyes debt market next year to raise funds
thestandard.com.ph - 2017-10-09
The company, controlled by conglomerate Ayala Corp., earlier secured an approval from its board to increase the amount of the shelf registration from P20 billion to up to P40 billion. Globe said the higher amount would enable the company to offer retail ...

New Marventures president
thestandard.com.ph - 2017-10-09
... next president and chief executive of Marcventures Mining and Development Corp., a wholly-owned subsidiary of Marcventures Holdings Inc., effective upon his exit from his current engagement with Silangan Mindanao Mining Company Inc. He will replace ...

View: Gold'll always wear the safe haven crown
Economic Times - 2017-10-09
By Ahammed MP, Chairman, Malabar Gold & Diamonds Of late, a contrarian theory on gold as the safest of safe haven has been gaining ground among some sections of the investment community. This is a misconstrued theory because gold prices are determined by a ...

PSEi ends at new high
Inquirer - 2017-10-09
The local stock barometer resumed its upswing on Monday to end at a new record high on selective buying of large-cap stocks as domestic investors teemed with liquidity and optimism. The main-share Philippine Stock Exchange index gained 56.5 points or 0.68 ...

FamilyMart chain for sale
- 2017-10-09
The Philippine retailing business of FamilyMart, partly owned by the Ayala and Tantoco groups, is on the auction block, signaling a shakeout in the highly competitive local convenience store business.