Factory output growth slows for fourth straight month
BusinessWorld - 1 month ago
In comparison, the Nikkei Philippines Manufacturing Purchasing Managers ... capacity utilization rates of at least 80%. According to the National Economic and Development Authority (NEDA), the uptick in production in November was supported by increases ...

Investors take heart from weaker inflation
BusinessWorld - 1 month ago
San Miguel Corp. (down 2.48% to P145.30 apiece); Bank of the Philippine Islands (down 1.58% to P93.50), SM Investments Corp. (down 1.25% to P946), International Container Terminal Services, Inc. (down one percent to P99) and Megaworld Corp. (down 0.21% to ...

Clark Airport concession holder to invest P6 billion
BusinessWorld - 1 month ago
NLAC was the winning bidder for the operation and maintenance concession of Clark International Airport. The consortium is composed of Filinvest Development Corp., JG Summit Holdings Inc, Philippine Airport Ground Support Solutions Inc and Changi Airport ...

ICTSI wins 20-year concession for Sudan terminal
BusinessWorld - 1 month ago
INTERNATIONAL Container Terminal Services Inc (ICTSI) signed a 20-year concession agreement with Sea Ports Corp. of Sudan (SPC) to operate, manage and develop the South Port Container Terminal (SPCT) at Port Sudan. In a disclosure on Friday, ICTSI said ...

Ending 2018 with a bang
Sun Star - 1 month ago
The first-ever Negrense Blog Awards was held in partnership with La Consolacion College-Bacolod Graduate School, Megaworld Corporation, and Merzci Bread and Pastries. Recognized during these awards were Jojo Vito for the Best Travel Blog, Best Business ...

Clark Airport consortium commits to invest P6B, double terminal capacity
Inquirer - 1 month ago
Filinvest Development Corp. (FDC), JG Summit Holdings Inc., Philippine Airport Ground Support Solutions Inc. and Changi Airport Philippines (I) Pte. Ltd. (CAP), a wholly owned subsidiary of Changi ...

Duros Group to spend 9B for 2019 projects; bares expansion plans in VisMin
Inquirer.net - 1 month ago
Barino said DDC has recently sealed an asphalting project in Tacloban City funded by the Philippine national government ... related materials. Their school, DLIC, will focus on manpower ...

Metro Supermarket open again for business in Ayala
Sun Star - 1 month ago
After the fire, the Metro Retail Stores Group Inc. opened a smaller grocery outlet and pop-up stores around the mall. It also recorded a 9.5-percent increase in retail sales and a P344-million profit in the first semester last year despite the fire.

SE Asia Stocks-Philippines jumps as inflation cools, Singapore offers bargains
Reuters - 1 month ago
Vietnamese, Thai stocks set for 4-week losing streak * Philippine shares set for best ... Vietnamese shares fell 0.69 percent as declines in real-estate and financial stocks weighed. Dream House Investment Corp was the top decliner. The Vietnamese index ...

Dennis Uy's growing empire (and debt)
Rappler - 1 month ago
ble.net, Ferrari distributor Autostrada Motore, restaurant chain Conti's, and water utilities company H2O Ventures. Uy also signed a joint venture deal with TIPCO Asphalt Public Company and bought shares in the Manny Pangilinan-led PXP Energy. Last year ...

DOE orders 6 gas stations to explain higher prices
philstar.com - 1 month ago
MANILA, Philippines -- The Department of Energy (DOE) yesterday ordered six Petron stations to explain why they implemented the second round of fuel tax increases for 2019 as early as Jan. 2. These gas stations are located in San Juan, Concepcion ...

Aboitiz power unit installs seismic monitors at Ambuklao, Binga facilities
Inquirer - 1 month ago
SN Aboitiz Power has equipped its 105-megawatt Ambuklao hydro power plant and 140-MW Binga plant with solar-powered seismic monitors to enhance disaster risk mitigation. SNAP said in a statement ...

Market rallies, gains 2.56%
Inquirer - 1 month ago
BDO, BPI, GT Capital and Meralco all rose by over 1 percent. Megaworld, URC and ICTSI all inched up. Jollibee, however, slipped by 0.34 percent. Outside of the PSEi, one notable decliner was ...

First Gen, GMC renew power supply deal
Inquirer - 1 month ago
First Gen Corp. has renewed a contract with food firm General Milling Corp. (GMC) related to the supply of electricity sourced from renewable energy. First Gen said that under the new contract ...

Lucena school to rise from ashes, alumni vow
Philippine Daily Inquirer - 1 month ago
Donations may be coursed through Rizal Commercial Banking Corp. Lucena City branch (account number 0-073-01558-9). In a telephone interview, Parentela said all belongings of the nuns from ...

PRC: Cash assistance, water, non-food items needed in Usman-hit provinces
Philippine Information Agency - 1 month ago
MANILA, Jan. 4 -- The Philippine Red Cross (PRC ... and make sure that we respect any kind of tropical depression," said Gordon. Data from the PRC Operations Center show some 289 families are still housed in 24 evacuation centers in Camarines Sur ...

Why slowing economies could prod US and China to reach deal
BusinessMirror - 1 month ago
The economic threats, agreed Wang Yong, an international relations specialist at Peking University ... coercing American companies to hand over technology as the price of admission to the ...

SM, Clark Global City may jointly hold hot-air balloon fiesta in Clark
BusinessMirror - 1 month ago
CLARK FREEPORT--Plans are afoot for SM Supermalls owned by SM Prime Holdings Inc. and Clark Global ... www.philballoonfest.net, and social media channels and we welcome your continued ...

Energy World Philippines gets go signal to build LNG facility
BusinessWorld - 1 month ago
EWC said the permit would enable the completion date for the first tank of the LNG hub to be aligned to the commercial operation date of the associated 650-megawatt (MW) power plant and the National Grid Corporation of the Philippines switchyard expansion ...

ICTSI unit gets carbon-neutral ISO certification
BusinessMirror - 1 month ago
INTERNATIONAL Container Terminal Services Inc. (ICTSI) subsidiary Contecon Guayaquil SA (CGSA) has been granted a carbon-neutral certification from the ISO. In a statement, José Antonio ...

Six fuel sellers jump the gun on collecting new tax
BusinessWorld - 1 month ago
THE Department of Energy (DoE) has ordered six gasoline stations of Petron Corp. to explain why they prematurely collected excise and value-added taxes on gasoline and diesel products sold at the turn of the year. The "show cause" order follows the DoE ...

AboitizPower unit sets P1.5-B capex for 2019
BusinessWorld - 1 month ago
DAVAO CITY -- Aboitiz Power Corp. subsidiary, Davao Light and Power Company, Inc. (DLPC) is allocating a capital expenditure (CAPEX) of about P1.5 billion this year, which will be used for an underground cable system in Davao City and its rural ...

PSEi soars on positive sentiment ahead of data
BusinessWorld - 1 month ago
The bellwether Philippine Stock Exchange index (PSEi) soared 2.55% or 191.40 points ... better economic number that will be announced next week," Eagle Equities, Inc. Research Head Christopher John Mangun said in an e-mail. The Philippine Statistics ...

Terrence Romeo practices with San Miguel for the first time
CNN Philippines - 1 month ago
San Miguel Corporation Sports Director Alfrancis Chua welcomed the addition of Romeo to the squad. The four-time PBA All Star will join an already loaded San Miguel roster including June Mar ...

PBA: Alapag joins San Miguel as assistant coach after steering Alab to ABL championship
CNN Philippines - 1 month ago
San Miguel Corporation Sports Director Alfrancis Chua confirmed to CNN Philippines that Alapag will serve as an assistant to head coach Leo Austria. Alapag had a successful coaching debut in the ...

EDC gets gold rank
The Visayan Daily Star - 1 month ago
Geothermal leader, Energy Development Corporation, was awarded the gold rank in the Asia Sustainability Reporting Rating 2018 in Bandar Lampung, Sumatra, Indonesia recently, its press release said. Conglomerate First Philippine Holdings was awarded the ...

A Tree of Hope grows at the Marco Polo Plaza
philstar.com - 1 month ago
"We called it the Tree of Hope," related Lara, "because it gives hope to many people. Those cards carry the names of donors and their wishes (for good health, etc.). You donate P200 and you attach your card to a ball and hang it on the tree.

AgriNurture changes stock rights terms
philstar.com - 1 month ago
MANILA, Philippines -- AgriNurture Inc. (ANI) has amended the terms of its stock rights offering. In a disclosure yesterday, ANI said its board approved "the change in the entitlement ratio from 1:2.5 to 1:5 with every shareholder owning five shares ...

Factory business growth slows in Dec.
BusinessWorld - 1 month ago
Ruben Carlo O. Asuncion, chief economist at the Union Bank of the Philippines, Inc., said in an e-mail that elevated inflation continues to weigh on demand and, in turn, cap growth of factory activity. "The pinch may have come from consumer demand itself.

DoubleDragon aims to generate over P10-B revenues this year
BusinessWorld - 1 month ago
DOUBLEDRAGON Properties Corp. looks to generate a total of P10.52 billion in rental income and sales from its malls, office, warehouse, and hotel projects in 2019, as the property developer continues to benefit from its aggressive expansion program in the ...

IP E-Games divests from Netopia operator
BusinessWorld - 1 month ago
IP E-Game Ventures, Inc. has divested from the operator of Netopia internet cafés due to the lower demand for its business, as consumers shift to mobile devices and places offering free Wi-Fi. In a disclosure to the stock exchange on Wednesday, IP E-Games ...

Now Corp. will undergo equity restructuring
BusinessWorld - 1 month ago
NOW CORP. on Wednesday said it will undergo equity restructuring to erase its accumulated deficit. In a disclosure to the stock exchange, the listed telecommunications company said its board of directors approved its equity restructuring plan during a ...

AgriNurture to sell P500M worth of shares to China-based businessmen
BusinessWorld - 1 month ago
AGRINURTURE, Inc. (ANI) on Wednesday said it plans to sell over 27 million primary shares worth P500.60 million to two businessmen engaged in construction and real estate in China. In a disclosure to the stock exchange, the listed agri-trading company said ...

MPT South aims to grow traffic in Cavitex by 6% in 2019
BusinessMirror - 1 month ago
The whole program has a price tag of roughly P1 billion. MPT South is a unit of Metro Pacific Investments Corp., the largest tollways-holding company in the Philippines. Aside from its local ...

Mindanao power supply adequate for expected investments -- Alsons
BusinessWorld - 1 month ago
DEMAND for power in Mindanao has grown significantly in the past five to six years, with the current power reserves considered adequate to support new investment in the main southern island, an official with Alsons Consolidated Resources, Inc. said.

CAVITEx sees traffic growing 5%-6% in 2019
BusinessWorld - 1 month ago
MPIC is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., others being PLDT, Inc. and Philex Mining Corp. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in ...

Petitioner asks SC to stop awarding of 3rd telco slot to Mislatel
Philippine Daily Inquirer - 1 month ago
His petition in effect echoed the petition filed by disqualified bidder Philippine Telegraph & Telephone Corp. (PT&T) last November, 2018. PT&T questioned the validity of the National Telecommunications Commission (NTC) decision to close the bidding ...

IN PHOTOS: Why you need to add Central Japan to your travel bucket list
Rappler - 1 month ago
Onsen water has healing and soothing properties, good for skin complaints and muscle pains ... It was originally built in the 15th century, and currently preserves the structure of its main keep with wood and stones. The castle stands on a small hill ...

SE Asia Stocks-Most end lower; weak economic data stokes slowdown fears
Reuters - 1 month ago
Shares of property developer SM Prime Holdings Inc along with Ayala Land were among top boosts to the index, up 3.4 percent and 1.7 percent, respectively. Thailand's index edged up, with financials and energy stocks underpinning gains. For Asian Companies ...

Banner year 2018 for Petron in Super Liga
Journal - 1 month ago
"I just told them to bring back the old fire that made Petron successful in the past," said Delos Santos after capping a very successful campaign of San Miguel Corp. sports teams this year following the victory of San Miguel Beer, Ginebra and Magnolia ...

Le Tour rescheduled to June for SEAG preps, rehabilitation of calamity-hit Bicol Region
BusinessMirror - 1 month ago
El Joshua Carino of Philippine Navy-Standard Insurance is expected to defend his crown and will be racing alongside 2014 winner Mark John Lexer Galedo of continental team 7-Eleven Cliqq Roadbike ...

Re-export of 6.5K tons of South Korea waste eyed next week
Global Nation - 1 month ago
Meanwhile, the Korean garbage shipment at the Verde Soko compound inside the Phividec Industrial Estate in Barangay ... consigned to Verde Soko Philippines Industrial Corp. arrived at the MICT ...

Despite Heavy Fines
philstar.com - 1 month ago
MANILA, Philippines -- Philippine banks continued to fall short of the mandated loan thresholds for agriculture and agrarian reform, according to a report from the Bangko Sentral ng Pilipinas. The BSP reported the banking system was able to set aside a ...

Ayala conglomerate takes over Kia in PH
philstar.com - 1 month ago
Kia Philippines now operates under AC Industrial Technology Holdings, Inc. (AC Industrials), which also steers Integrated Micro-Electronics, Inc. (IMI) and AC Automotive -- led by chairman Arthur Tan and president Manny Aligada. The marque will take its ...

Philippines-India aviation: PAL to Delhi, inbound tourism grows
Centreforaviation.com - 1 month ago
Philippine Airlines (PAL) is planning to resume services to Delhi in early 2019 using its new fleet of A321neos. The new service should help the Philippines attract more Indian visitors and lead to faster growth in what is now the largest unserved market ...

Aboitiz Equity earmarks $200M for Gold Coin
Inquirer - 1 month ago
Conglomerate Aboitiz Equity Ventures Inc. expects to invest as much as $200 million in the next two to three years to expand and upgrade the factories of Asia-Pacific animal feeds manufacturer ...

Making family businesses work
Inquirer - 1 month ago
Finally, the last principle deals with having a robust succession plan. Hwee made an example of Ayala Corp., which he said "really grooms its next generation, while bringing in new professional ...

Clark SEAG sports venues on track-BCDA
BusinessMirror - 1 month ago
The first phase of the National Government Administrative Center involves the development of backup offices of various agencies intended to make sure business operations and services run in case ...

Investor caution greets new year
BusinessWorld - 1 month ago
Inc. Elevated inflation dampens consumer spending, which has otherwise been a key strength of the overall economy. The benchmark Philippine Stock Exchange index (PSEi) fell 12.76% year-on-year to 7,466.02, leading to an 8.17% annual drop in total market ...

Poll bares outlook of slower Dec. inflation
BusinessWorld - 1 month ago
Michael L. Ricafort, economist from the Rizal Commercial Banking Corp. (RCBC), pointed out that global oil prices have lately been hitting their lowest point in over a year despite production cuts announced by oil-producing nations. Alvin P. Ang ...