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 Iridium® NEXT Launch Brings New Services Closer to Life - 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 - 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 - 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 - 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.

New telco player
Inquirer Opinion - 2017-10-09
Something interesting is again happening in the telecommunications sector. Given the clamor for a third player in the industry controlled by PLDT Inc. and Globe Telecom, the government is emerging to take on this role. The fine details remain to be ...

PAL to begin direct Cebu-Bangkok flights on December 2
Rappler - 2017-10-09
MANILA, Philippines - Cebu's development as an international hub is getting a further boost with the announcement of a new Philippine Airlines (PAL) direct route from the city to Thailand's capital of Bangkok. PAL said in a statement on Monday ...

Smart to upgrade cell sites in Marikina, Quezon City
Rappler - 2017-10-09
The upgrade is part of the network expansion and modernization plan that Smart promised when it bought half of the telecommunications assets of San Miguel Corporation (SMC). The move is expected to improve Smart's mobile data service, particularly long ...

Budget chief presses hike in SSS contributions
Philippine Daily Inquirer - 2017-10-09
An increase in contribution rate is needed to extend the fund life of the Social Security System (SSS) following the pension increase approved by President Duterte early this year, according to Budget Secretary Benjamin Diokno. But a party-list group has ...

Tributes pour in for business icon Washington SyCip - 2017-10-09
Teresita Sy-Coson, chairperson of the BDO Private Bank, Inc. and the SM Investments Corporation, said SyCip "has been a highly valued adviser to the Board of Directors of BDO Unibank" and will be remembered for his guidance over the years. Makati Business ...

Gotianun-led developer jumps on the shared-space condo bandwagon
BusinessMirror. - 2017-10-08
Major property developers, such as the SM Group and Ayala Land Inc., and even mass-housing firm 8990 Holdings Inc., are all rushing to build dormitory-type condominiums that it will build within or near the central business districts. These developers hope ...

Globe peddles prepaid plans to boost broadband sales
Rappler - 2017-10-08
MANILA, Philippines-- Ayala-led Globe Telecom has unveiled its strategy of leaning on prepaid users to create a new leg of growth in its fixed wireless or home broadband line: a new set of no-lock up pay as you use products. "It does not make sense that ...

Philippine Airlines agrees to pay P6 billion in aviation fees
Rappler - 2017-10-08
MANILA, Philippines - Flag carrier Philippine Airlines said on Friday, October 6, it will pay the government 6 billion pesos ($117 million) after President Rodrigo Duterte threatened to cut off its access to Manila airport over alleged unpaid landing and ...

Billionaire Andrew Tan works, chills and bonds with his 3,500 employees in this beautiful tower
Philstar - 2017-10-08
On the floors below, subsidiaries Empire East Land Holdings, First Oceanic Property Management, and Global-Estate Resorts Inc. Around 3,500 office employees were scattered throughout different buildings in Megaworld township Eastwood and around Makati.

Pres. Rodrigo Duterte vs. the yellow cultist
Philstar - 2017-10-08
So watch this Travelogue on Barcelona using only my iPhone 7 cellphone and my Panasonic Lumix Camera ... Worse of all, foreign funds given to the Philippines during the Yolanda disaster were never accounted for despite their slogan "Kung walang corrupt ...

59 listed firms deemed shariah compliant
Inquirer - 2017-10-08
The latest list includes property firms Araneta Properties, Golden Haven Memorial Park, IRC Properties, Philippine Realty and Holdings Corp., Philippine Estates Corp., Primex, PTFC Redevelopment Corp. and Starmalls as well as Acesite (Philippines ...

Another volatile week seen for stock market
Philstar - 2017-10-08
as it opens up opportunities to expand business investment and employment," 2TradeAsia said. 2Trade said shares with solid infra-based directions would benefit from this as well as energy related companies such as Meralco.

Esplanada nabs second
Sun Star - 2017-10-08
Esplanada lost the lead when he lost to Ahmad Ali Azote of Agusan National High School of Butuan City in round 4 and to Jonathan Jota of Lyceum of the Philippines University in round 7. But the University of San Jose-Recoletos ace went on and won his last ...

SSS formally opens its newest branch in Binondo
Philippine Information Agency - 2017-10-08
BINONDO, Manila, Oct. 5 - The Social Security System (SSS) recently opened its newest ... Dooc and SSS SVP for Legal Enforcement Group Atty. Voltaire P. Agas attended the ribbon cutting ceremony on September 25. (SSS)

Economic execs seek to assure US investors
BusinessWorld Online - 2017-10-08
STATE economic managers head for the United States this week in a bid to convince companies there that the Philippines is good for business, the Finance department said in a statement yesterday. On Oct. 11 in New York City, the team -- led by Finance ...

Cushioning adversity with determination
BusinessWorld Online - 2017-10-08
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 ...

TLC eyes IPO next year
Philstar - 2017-10-08
MANILA, Philippines -- The Lush Company Inc. (TLC), the market leader in the Philippine ... Sources at the Philippine Stock Exchange (PSE) said TLC has already sent "feelers" to the PSE. The company wants to raise funds for expansion on the back ...

SM considers ‘clicks-to-bricks’ strategy to stay competitive
- 2017-10-08
By Arra B. Francia, Reporter SM PRIME Holdings, Inc. is looking to adopt a “clicks-to-bricks” strategy by the end of the year, as the country’s largest mall operator tries to get a piece of the growing e-commerce market. “We’re doing efforts on e-commerce, ‘clicks-to-bricks,’ that’s in the works kasi. Yung ‘clicks-to-bricks,’ yung bricks ay yung …

Mixed reactions to peso movement
BusinessMirror. - 2017-10-08
For example, consumer companies rely heavily on imports of raw material, which hikes their production costs. Softdrinks bottler Macay Holdings Inc. Chairman Alfredo Yao said a price increase is in the offing as importation costs have been on the rise.

Stock-Market Outlook
BusinessMirror. - 2017-10-08
For the week, gainers edged losers 122 to 106, and 22 shares were unchanged. Top gainers for the week were LMG Chemicals Corp., Apollo Global Capital Inc., Jolliville Holdings Corp., Pacifica Inc., Golden Haven Memorial Park Inc. and Filipino Fund Inc. Top ...

Stock-Market Outlook
BusinessMirror - 2017-10-08
were Philippine Trust Co., Panasonic Manufacturing Philippines Corp., Prime Media Holdings Inc., Cityland Development Corp., Citystate Savings Bank Inc. and Macay Holdings Inc. SHARE prices may fall this week as investors are expected to pocket gains from ...

Washington SyCip passes away at 96
BusinessMirror. - 2017-10-08
... served in the Board of Century Propertis Inc.; ABS-CBN Lingkod Kapamilya Foundation Inc.; Philippine National Bank; Metro Pacific Investments Corp.; and PAL Holdings Inc. SyCip was born in Manila in June 1921. At 17 years old, he graduated summa cum ...

MPIC says P7.3-B deal for Calax inked soon
BusinessMirror. - 2017-10-08
INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) will soon sign a P7.3-billion contract with Leighton Contractors Philippines Inc. for the construction of the second segment of the Cavite-Laguna Expressway (Calax). Luigi L. Bautista ...

Dr. Olaf Kliesow: Great CEOs know how to play ball
BusinessMirror. - 2017-10-08
If you master it, according to him, you can make everything happen to hit the goal. In Photo: Allianz PNB Life executives with four of the five football players who were sent to the 2017 Allianz Junior Football Camp in Bali, Indonesia. Two of the kids ...