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 ...

PNB, Security Bank selling notes - 2017-10-11
PHILIPPINE National Bank and Security Bank Corp., two of the largest universal and commercial banks in the country, are issuing long-term negotiable certificates of time deposits to fund future growth. PNB, the sixth-largest lender in terms of assets ...

Market retreats; BDO, DMCI Holdings climb - 2017-10-11
Stocks retreated Wednesday on profit taking after surging to a new record high Tuesday, with the market likely to consolidate and focus on third-quarter earnings report. The Philippine Stock Exchange Index dropped 39.57 points, or 0.5 percent, to 8,358.47 ...

Robinsons falls 5% on share sale - 2017-10-11
Share price of Robinsons Retail Holdings Inc., the retail holding company of the Gokongwei Group, fell five percent Wednesday to P98 per share on a report that an institutional investor sold 28.7 million shares worth P2.8 billion ($55 million). RRHI senior ...

CLI to exceed P4B reservation sales goal
Inquirer - 2017-10-11
Property developer Cebu Landmasters Inc. (CLI) expects to exceed its P4 billion reservations ... and chief executive officer Jose Soberano III disclosed to the Philippine Stock Exchange on Tuesday that reservation sales for the first nine months stood ...

Parts of Mt. Province lose power after armed men attack hydro plant
Philippine Daily Inquirer - 2017-10-11
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 ...

DNL feted by US magazine
BusinessMirror. - 2017-10-11
CHEMICAL manufacturer D and L Industries Inc. (DNL) earned the designation of "Most Honored Company in Asia" by New York-based Institutional Investor magazine in its 2017 All-Asia Executive Team survey. DNL President Alvin Lao, meanwhile, was ranked as ...

Senate passes Agricultural Loan Societies and Approved Organizations Act
Jamaica Observer - 2017-10-11
The Act will dissolve the ACB and merge its monitoring and inspection functions into the activities of the Registrar of Co-operative ... of agricultural loan societies. The Financial Investigations Division (FID) of the Ministry of Finance and the Public ...

Invest for growth & regular income with the Metro unit paying fund
Inquirer - 2017-10-11
Metrobank has been acknowledged by international financial publications: The Asian Banker and Global Capital Asia as the strongest financial institution in its category in the Philippines and in Asia in 2016.

Uber still barred from imposing surcharges - 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. -

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 - 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 - 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 - 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 ...