With friendly environment, Philweb forecasts profitable comeback in 2018
Inquirer - 2017-09-27
Gaming firm Philweb Corp. sees a potential return to profitability in the fourth quarter of this year leading to a full-year turnaround by 2018, confident its business as a gaming service provider will be backed by the Philippine Amusement and Gaming Corp ...

Cebu to host 2019 Routes Asia
Philstar - 2017-09-27
"From January to December 2017, Philippine Airlines, Air Asia, and foreign airlines China Eastern, Sichuan, Xiamen and Shenzhen will be bringing a total of 482,196 additional international airseats as a result of our aggressive air talks and negotiations ...

Criminal syndicate to get a private army?
Philstar - 2017-09-27
In a news report, Salalima hinted that he resisted "pressure" and rejected requests for favors. Knowing Rudy during his years in Globe Telecom where we would have lunches or dinners whenever he comes to Cebu, this was classic Rudy who cannot tolerate ...

Late bargain hunting props up share prices
Philstar - 2017-09-27
Luis Limingan, managing director at Regina Capital, said "Philippine investors continued to clean and rebalance their portfolios ahead of the window dressing and the addition of Robinsons Retail Holdings into the 30 member index." The PSE has announced ...

Philippines stocks higher at close of trade; PSEi Composite up 0.63%
investing.com - 2017-09-27
Investing.com - Philippines stocks were higher after the close on Wednesday, as gains in the Industrials, Holding Firms and Property sectors led shares higher. At the close in Philippines, the PSEi Composite gained 0.63%. Rising stocks outnumbered ...

PH, Japan cite measures to fast-track implementation of infra projects
interaksyon.com - 2017-09-27
after which "both sides reaffirmed to continue holding expert-level consultations to address issues concerning railway projects to ensure their smooth implementation," including the planned first phase of the Metro Manila Subway(from Quezon City to ...

The making of a makeup brand
BusinessWorld Online - 2017-09-27
Ms. Trillo completed a Management degree from the Ateneo de Manila University. She pursued further studies on Strategic Brand Management and Marketing Distribution Management at the Asian Institute of Management. Even from a young age, Ms. Trillo already ...

Tycoon Gokongwei gets a taste for e-commerce
BusinessWorld Online - 2017-09-27
Other parts of the conglomerate, including department stores, will eventually follow. Robinsons joins SM Investments Corp. and Ayala Corp. in exploring e-commerce for a country where life revolves around the old-fashioned mall. All three launched online ...

Philippines’ booming casino sector at risk of oversupply
- 2017-09-27
HONG KONG — Overinvestment in the Philippines’ thriving casino sector could become a reality as investors chase lucrative returns in Asia’s fastest-growing gaming hub, casino-to-ports magnate Enrique Razon, Jr. told Reuters on Tuesday. Business is also at risk of being cannabalized when casinos operated by the state are privatized next year, said Mr. Razon, who …

PSE index ekes out small gain on bargain hunting
BusinessWorld Online - 2017-09-27
"Philippine investors continued to clean and rebalance their portfolios ahead of the window dressing and the addition of RRHI (Robinsons Retail Holdings, Inc.) into the 30-member index. However in this instance, they turned to bargain hunting on market ...

Megaworld starts planning for 6th tower in Taguig CBD
BusinessMirror. - 2017-09-27
MEGAWORLD Corp., the property development arm of businessman Andrew Tan, said it is planning for its sixth office tower in its Uptown Bonifacio property in Taguig City. Megaworld Senior Vice President Kevin Tan said the developer has already completed four ...

Exorcising the ghost of the past
Rappler - 2017-09-27
In 1998, the said assets were transferred to an escrow account at the Philippine National Bank (still a government bank then) pending the resolution of the ownership issue. For the human rights victims, however, the mechanism to put Marcos to account was ...

Schneiderman boasts of AG environmental action
Politico - 2017-09-27
French: The New York Power Authority is considering how to finance increased investment in energy services ... solar development as a poor use of federal lands. Zinke urged solar companies to focus on smaller rooftop projects rather than sprawling ...

From CFO to CEO: Making the big leap
BusinessMirror. - 2017-09-27
At Manila Water Co., where she spent nine years and won the CFO of the Year award, Nuesa has been credited for taking the company public immediately after the 1997 Asian financial crisis. "It was the first IPO that sold shares internationally ...

France-Germany rail merger aims to take on China
CNN Money - 2017-09-27
Siemens has been pursuing partners for its railway business, reportedly holding ... global market dynamics," said Joe Kaeser, CEO of Siemens. Related: The German economy has a weak link: Infrastructure CRRC has won major contracts to supply metro cars ...

Mondilla grabs lead
BusinessMirror. - 2017-09-27
CLYDE MONDILLA dished out a near impeccable putting touch to shoot a four-under 68 and wrest a one-stroke lead over gutsy Dino Villanueva halfway through the International Container Terminal Services Inc. (ICTSI) Players Championship at the Summit Point ...

FEU in contention
BusinessMirror. - 2017-09-27
FAR Eastern University (FEU) rolled past Jose Rizal U ... The Lady Tams, on the other hand, close out their eliminations campaign against the Lyceum of the Philippines University Lady Pirates on Monday. Victories by NU and FEU will pushed them to the ...

Sensex ends over 430 points lower, Nifty closes below 9800; midcaps tank
Domain-b - 2017-09-27
State Bank of India, ICICI Bank, Canara Bank, Axis Bank, PNB, Bank of Baroda, Yes Bank and HDFC Bank were down 1-2 percent. 12:50 pm Buzzing: Sun Pharmaceutical Industries share price fell 3.4 percent intraday after tepid outlook from the management for ...

Alejano challenges Duterte to sign waiver or resign
Philstar - 2017-09-27
The accusations of the senator that the president had clandestine wealth started during last year's national election campaign when Trillanes alleged that then-Mayor Duterte had P211 million deposited in the Bank of the Philippine Islands branch in Julia ...

PLDT launches reward system
thestandard.com.ph - 2017-09-27
PLDT Inc. said Wednesday its board approved a reward system to encourage executives to perform better in a bid to meet profit targets until 2019. PLDT said in a disclosure to the stock exchange the board approved the Transformation Incentive Plan which ...

Closing Bell: Sensex ends over 430 pts lower, Nifty closes below 9800; midcaps tank
Money Control - 2017-09-27
Stating that the merger process goes through various stages, including approvals from the CCI, Sebi, the NCLT and the telecom department, Sood said "we ... the National Bureau of Statistics (NBS) said on Wednesday. Annual profit growth was 16.5 percent ...

A legacy of excellence
BusinessWorld Online - 2017-09-27
President Rodrigo Duterte bestows to JG Summit Founder and Chairman Emeritus John L. Gokongwei, Jr. (second from right) the prestigious Legacy Award during the ASEAN Business Awards. The President, who led the awarding ceremonies, was joined by Secretary ...

Solon questions ERC approval of power supply deal despite House probe
Philippine Daily Inquirer - 2017-09-27
Ingore, La Paz, Iloilo, and another 150-MW plant in the same location. PEDC is a subsidiary of Global Business Power Corporation (GBP), one of the largest power producers in the Visayas. Surigao del Sur 2nd district Rep. Johnny Pimentel, chairman of the ...

Playboy magazine founder Hugh Hefner dies at 91
Philippine Daily Inquirer - 2017-09-27
Competition and the internet reduced circulation to less than 3 million by the 21st century, and the number of issues published ... flying between his homes on a private DC-9 dubbed "The Big Bunny," which boasted a giant Playboy bunny emblazoned ...

DOTr threatens to sue PAL over unpaid fees of almost P7B
Inquirer - 2017-09-27
The Department of Transportation (DOTr) is threatening legal action against Philippine Airlines (PAL) if the flag carrier does not settle almost P7 billion in unpaid "navigational fees and other charges" in the next 30 days. According to a DOTr ...

Financing the Future
BusinessWorld Online - 2017-09-27
The Philippines is a beautiful country ... partnerships include plans for no less than 17 joint post graduate degrees in subjects from robotics to engineering to architecture. We see these achievements in transnational education as a model for future ...

DOTr demands over P7B in 'unpaid charges' from PAL
Rappler - 2017-09-27
MANILA, Philippines - The Department of Transportation (DOTr) and Lucio Tan-led flag carrier Philippine Airlines (PAL) are locked in a dispute over alleged unpaid charges that could run up to more than P7 billion. In a statement released on Wednesday ...

Singson leaves Light Rail Manila, moves to Meralco
Rappler - 2017-09-27
MANILA, Philippines - Rogelio Singson is set to step down as president and chief executive officer of Light Rail Manila Corporation (LRMC), the operator of the Light Rail Transit Line 1 (LRT1). Singson is stepping down by the end of the month to move to ...

EDC booted out of PSE main index
BusinessMirror. - 2017-09-27
EDC will be replaced by Robinsons Retail Holdings Inc. (RRHI), the retailer arm of the Gokongwei family. RRHI, which was listed in November 2013, is the fifth stock from the Services sector that forms the PSE index. RRHI will be included in the index ...

SMDC enters Cavite with P3-billion condo project
BusinessWorld Online - 2017-09-26
... of three towers sitting on a 1.6-hectare lot surrounded by De La Salle University (DLSU) Dasmariñas, De La Salle Health Sciences Institute, and Emilio Aguinaldo College Cavite. "We have started now to expand outside the metropolis. Our latest ...

Q3 Motoring Roundup
Philstar - 2017-09-26
Annually, the PLDT-Smart Foundation holds the Gabay Guro Teacher Fest -- a tribute to the men and women who serve as teachers to the different schools across the country. The gathering serves as a "relaxing day" for these modern-day heroes including ...

Biz Buzz: Smuggling... with a twist
Inquirer - 2017-09-26
Business owners and exporters beware: Smuggling--through the use of notorious Customs Bonded Warehouses (CBWs)--is making a nasty comeback. This time, however, the old trick has a new twist. Corrupt customs officials and smugglers are apparently getting ...

Petron urges PNOC to honor all terms of land lease deal
Rappler - 2017-09-26
MANILA, Philippines - Petron Corporation, the country's biggest oil refiner, warned that investors might lose interest in the Philippines if the government decides not to honor some terms in any concession agreement. "Government should always honor the ...

Preserving the gains
Philstar - 2017-09-26
Maynilad has spent over P47 billion so far to improve and expand its water services since DMCI-MPIC Water Co., a joint venture between Metro Pacific Investments Corp. (MPIC) and DMCI Holdings Inc. (DMCI), took over Maynilad and launched a five-year ...

Stocks slip as investors continue to cash in on gains
Philstar - 2017-09-26
EDC will be replaced by Robinsons Retail Holdings Inc. (RRHI). RRHI, which was listed in November 2013, is the fifth stock from the Services sector that is part of the PSEi. RRHI will be included in the PSEi effective tomorrow. The companies in the index ...

SMDC expects P3 billion in sales from Dasmariñas project
BusinessMirror. - 2017-09-26
SM Development Corp. (SMDC), the residential arm of SM Prime Holdings Inc., said it expects to generate some P3 billion in sales from its Dasmariñas, Cavite, residential project that will rise near a De La Salle University (DLSU) branch in the area.

SSS milestones as seen by winning essayist
BusinessMirror. - 2017-09-26
For this week, allow me to continue with the milestones of Social Security System (SSS ... wherein every informal sector group has an AlkanSSSya unit where they may put their daily contributions. At the end of the month, the amount saved by every member ...

PSE acquires additional 4% stake in PDSHC
Philstar - 2017-09-26
MANILA, Philippines -- The Philippine Stock Exchange Inc. has signed an agreement to acquire an additional four percent of the Philippine Dealing System Holdings Corp. (PDSHC). In a disclosure yesterday, the PSE said it acquired the 250,000 shares held by ...

Philippines' booming casino sector at risk of oversupply
Reuters - 2017-09-26
Business is also at risk of being cannibalized when casinos operated by the state are privatized next year, said Razon, who is the chairman of Bloomberry Resorts (BLOOM.PS) and International Container Terminal Services (ICT.PS). "Cannibalization - it ...

Airlines urged to mount Clark-Dumaguete flights
BusinessMirror. - 2017-09-26
Dumaguete Mayor Felipe Antonio B. Remollo said he is trying to convince both the Philippine Airlines and Cebu Pacific Air to fly to Dumaguete City from Clark at least three times a week. "We are trying to convince them because when I was still here as ...

SMC Global puts IPO on hold amid PSALM dispute
BusinessWorld Online - 2017-09-26
Mr. Ang also said the expansion of SMC subsidiary Petron Corp. is hinged on the resolution of issues relating to its lease agreement with another government corporation Philippine National Oil Co. (PNOC). Mr. Ang said Petron was planning to expand the size ...

A tale of two cities: Cebu vs Manila
BusinessMirror. - 2017-09-26
8990 Holdings, Aboitiz Land and Vista Land, among others. There is also a demand for worker-accommodation facilities or dormitories in Cebu that primarily cater to BPO employees and other young professionals. Over the past few years, office space in Metro ...

Ayala Land Premier: The Leader In Luxury Residential Development
BusinessWorld Online - 2017-09-26
Ayala Land Premier continues to lead the Philippine property market to new heights. Their most ambitious project yet, the two-tower development Park Central Towers has already sold over 80% of its first tower, the South Tower, since it was formally ...

The fruits of his labor
BusinessWorld Online - 2017-09-26
Inc., with the participation of co-presenters Department of Trade and Industry, the Philippine Business for Social Progress, and the Philippine Stock Exchange. In the next few weeks, BusinessWorld will feature each finalist for the Entrepreneur Of The Year ...

ICTSI inks contract to operate ports in Papua New Guinea
BusinessWorld Online - 2017-09-26
INTERNATIONAL Container Terminal Services, Inc. (ICTSI) on Monday said it has secured contracts to operate the ports in Montukea and Lae in Papua New Guinea (PNG). In a disclosure to the stock exchange, ICTSI said its subsidiaries, Motukea International ...

Villanueva tows field
BusinessMirror. - 2017-09-26
DINO VILLANUEVA missed the cut in three of his last four tournaments but sizzled on Tuesday to find himself in the lead with a six-under 66 at the start of the International Container Terminal Services Inc. (ICTSI) Players Championship at the Summit Point ...

PAL offers senior citizen and PWD discount, VAT exemption
Philippine Daily Inquirer - 2017-09-26
For domestic flights booked online, Philippine Airlines is now offering a 20 percent senior citizen (SC) and person with disability (PWD) discount and a 12 percent value added tax (VAT) exemption. In a statement issued Tuesday, PAL said the grant ...

Mantra Venture Group Reports Earnings For Fiscal Year
The Street - 2017-09-26
Inc.' This change reflects not only the completed acquisition of AW Solutions and Tropical Communications in April 2017, but a dramatic change in the entire business of the Company. Our Company has begun to focus primarily on its core services of telecom ...

Smart expands Wifi deployment across PH
Cellular-News - 2017-09-26
Since last year, Smart has equipped with carrier-grade Smart Wifi major airports across the country, including the four terminals of the Ninoy Aquino International Airport, as well as transport hubs like bus terminals and seaports. As of September ...

BDO clients given new cards
thestandard.com.ph - 2017-09-26
BDO Unibank Inc., the largest bank in the country, asked retail clients to avail of the EMV-chip ATM debit card from their branch of account to protect them from fraud. BDO executive vice president and transaction banking head Edwin Reyes said in a ...