Groundbreaking for LRT-MRT common station set on Sept. 29
Philstar - 2017-09-17
Tugade said a joint manifestation has been filed before the Supreme Court to address the temporary restraining order (TRO) obtained by SM Prime Holdings Inc. (SMPHI) from the SC on the common station. Last January, a memorandum of agreement was signed by ...

Luzon grid to get additional capacity
Philstar - 2017-09-17
... undertaken by Pagbilao Energy Corp. (PEC), a joint venture between TPEC Holdings Corp. and Therma Power Inc. - wholly owned subsidiaries of TeaM Energy and the Aboitiz Group, respectively. AboitizPower serves as the independent power producer ...

SMDC marks 10th year: A decade of building homes for Filipinos
Philstar - 2017-09-17
MANILA, Philippines -- Henry Sy has business shoes to his name, a legacy that transformed in years that has even passed on to his son who is making a mark on his own. Providing dream homes to every Filipino must be SM Prime Holdings Inc. chairman Henry Sy ...

PSA reports 55% drop in Q2 foreign investment approvals
- 2017-09-17
Foreign investments approved by the country’s seven investment promotion agencies (IPA) fell 54.9 percent in the second quarter, the Philippine Statistics Authority reported over the weekend.

HMC expects lower net income this year
BusinessMirror. - 2017-09-17
We are recomputing our shipments because we are still waiting for our tree-cutting permit to extract in another area," Arañes told the BusinessMirror in an interview during a recent mine tour organized by parent firm Nickel Asia Corp. Arañes is ...

Power producers face tough times on oversupply, pricing
BusinessMirror. - 2017-09-17
There will be idle capacity and may affect viability of some. In situations like this, building of new plants may slow down as well," said Aboitiz Power Corp. President Antonio Moraza in a text message. "Prices are already very low, particularly in the ...

Meralco unit to extend freight-train project to Batangas international port
BusinessMirror. - 2017-09-17
The Batangas Container Terminal, operated by Asian Terminals Inc., is a major trading hub in Southern Luzon. Located inside the Batangas International Port, the 15-hectare container terminal handles over 300,000 twenty-foot equivalent units annually.

Cebu to host first-ever HR convention
BusinessMirror. - 2017-09-17
Dimabayao, OIC of the Public Affairs Office of the Mactan-Cebu International Airport; Nelson M. Judaya, regional marketing director of Jollibee Foods Corp.; and Rex Paolo C. Colina, campus registrar of PAREF Springdale School. More than 200 representatives ...

MRT-LRT common station to break ground on Sept. 29
BusinessWorld Online - 2017-09-17
Villar; Metro Pacific Investments Corp. Chairman Manuel V. Pangilinan; SM Prime Holdings, Inc. Director Hans T. Sy; Ayala Corp. Chief Executive Officer Jaime Zobel de Ayala; and San Miguel Corp. President and CEO Ramon S. Ang. Under the agreement ...

Tap PDMF to check viability of PPP projects, LGUs told
BusinessMirror. - 2017-09-17
Villafuerte said the PDMF offers LGUs world-class consultancy services from firms such as BDO Llp. of the United Kingdom ... The bill updates the build-operate-transfer law by including joint ventures, operations and maintenance contracts, and the supply ...

Megawide's proposed East-West Railway to cost $1 billion
Rappler - 2017-09-17
MANILA, Philippines - Megawide Construction Corporation, a front-runner in public-private partnership (PPP) projects, disclosed the cost of its proposed 9.4-kilometer elevated railway line from Diliman, Quezon City to Lerma, Manila: around $1 billion ...

Security Bank, RCBC add anti-fraud measures to debit cards
Rappler - 2017-09-17
Dy-led Security Bank and Yuchengco-led Rizal Commercial Banking Corporation (RCBC) both announced on Monday, September 18, that they have added a lock/unlock feature to their ATM cards. The enhanced safety feature allows customers to turn off - and on ...

Errant dump truck pulls electric post, crushing car and killing 2 motorbike riders in QC
interaksyon.com - 2017-09-17
Fallen Meralco wires from the other lane snagged a motorcycle rider and his passenger, killing them. The sedan driver sustained slight injuries. (Photo by Michael Varcas, Phil. Star) MANILA, Philippines - A freak accident that began with an errant dump ...

With eye on sustainable business model, SMC to halt plastic bottled water business
interaksyon.com - 2017-09-17
File photo of Magnolia's Purewater bottled water line, from mandaluyong-na.all.biz MANILA - San Miguel Corporation (SMC) has announced plans to discontinue its plastic bottled water line, under the Purewater brand, as part of its bold sustainability ...

Will national ID system finally make it as a law?
Bulatlat - 2017-09-17
Mind this, however: Access to the data will be granted to personnel of 15 national government agencies and local civil registrar offices with the "appropriate security clearances." It was back in 1988 when AFP chief and then defense secretary of the ...

Top 4 Ways for CMOs to Build Engagement With Gen Z
Inc. - 2017-09-17
Snapchat One of the younger social networks (and a recently public corporation), Snapchat is continuously adding ... in a way many other platforms don't yet allow. 2. Instagram Gen Z is the generation most likely to turn to Instagram for news on product ...

Market to test 8,300 on favorable outlook
thestandard.com.ph - 2017-09-17
Among the weekly top price gainers Robinsons Land Corp., which rose 8.5 percent to P25.35; Filinvest Land Inc., which increased 7.4 percent to P1.91; and First Gen Corp., which advanced 7.1 percent to P19. Weekly top price losers, meanwhile, were ...

AirAsia readies $250-m offering
thestandard.com.ph - 2017-09-17
It could be the biggest IPO for the year after the offerings of Wilcon Depot Inc. (P7 billion), Chelsea Logistics ... as 2015 has announced plans to list its shares with the Philippine Stock Exchange. AirAsia operates a fleet of 17 aircraft with domestic ...

Zobel named UN SDG champion
Inquirer - 2017-09-17
Jaime Augusto Zobel de Ayala, chair and chief executive officer of 183-year-old conglomerate Ayala Corp., is part of the honor roll for 2017, the first executive from the Philippines to receive this citation. He was named SDG Pioneer for sustainable ...

San Miguel Corp. to discontinue plastic bottled water business as part of sustainability efforts
cnnphilippines.com - 2017-09-17
Metro Manila (CNN Philippines, September 17 ... "The plastic bottled water business has given us good returns, but we are choosing to forego it in favor of our long-term sustainability goals," SMC President and Chief Operating Officer Ramon Ang ...

Tax court upholds one-year prison term for beauty doctor Joel Mendez
Philippine Daily Inquirer - 2017-09-17
Mendez argued he was not required to submit his income tax return due to his lack of income at the time. The court said, however, that his business was shown to be existing and operating during that year. It noted that Mendez began rendering medical ...

Provincial bus franchises back via P2P
Philippine Daily Inquirer - 2017-09-16
Early in his first year in office, President Duterte urged domestic and international airlines to transfer their operations ... Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen ...

Global, Meralco battle to draw
Philstar - 2017-09-16
CEBU, Philippines -- Global Cebu FC and FC Meralco Manila settled for a scoreless draw in the Philippine Football League last night at the Cebu City Sports Center. Global remained at the second place with an improved standing of 34 points, while Meralco ...

A milestone for luxury
Philstar - 2017-09-16
Rustan Commercial Corp. and SSI Group chairman and CEO Zenaida Tantoco and SSI Group president Anton Huang led the monumental gathering. The well-attended event, hosted by Tim Yap and directed by Robby Carmona, also featured a grand fashion show that ...

Late 2-shot swing nets Mondilla PGTA crown
BusinessMirror. - 2017-09-16
Clyde Mondilla beams as he holds his trophy after ruling the ICTSI Riviera Classic crown of the PGT Asia Tour ... one-stroke triumphs over Tony Lascuña and Miguel Tabuena at Manila Southwoods and over American Nicolas Paez, Jhonnel Ababa and Lascuña ...

MRail plans extension of Mla-Laguna freight service to Batangas
Philstar - 2017-09-16
... project which covers Tutuban up to the Laguna Gateway Inland Container Terminal operated by International Container Terminal Services Inc. in Calamba, and eventually to Batangas, seeks to allow seamless transport of containerized cargoes by moving ...

Sta Lucia expands in MM, 5 provinces
Philstar - 2017-09-16
MANILA, Philippines -- Sta. Lucia Land Inc. (SLI) continues to expand its footprint in Metro Manila and in the provinces. In a special board meeting Thursday, SLI approved a joint venture involving the development of a 212,890 square meter property in ...

Can mining industry weather the policy storm?
BusinessMirror. - 2017-09-16
Interviewed by the BusinessMirror, Gerard H. Brimo, president and CEO of Nickel Asia Corp. and a member of the Audit, Risk and Remuneration (Compensation) Committees of the Board, as the newly elected chairman of COMP, speaks his mind about the challenges ...

Dive and Dine in Bohol
BusinessMirror. - 2017-09-16
With its amazing underwater kingdom, Balicasag has hosted prestigious events, such as the Shore It Up Marine Ecosystem Program of Metro Pacific Investments Corp. and the exploratory dive of Shanghai-based dive-tour agents and journalists organized by the DOT.

France, Germany to train PBT, Tuloy Foundation ballet dancers
BusinessMirror. - 2017-09-16
For inquiries, contact the PBT office at (02) 632-8848; 09493252545 and 09951580538 or e-mail secretariat@pbt.ph. Know more about the two boys through a video posted by Philippine Airlines at https://web.facebook.com/flyPAL/videos/10154962354895867/.

Ayala Land Premier: leader in luxury residential development
Inquirer - 2017-09-16
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 ...

Duterte's adviser on entrepreneurship: Future lies in digital economy
Rappler - 2017-09-16
This kind of training has helped Concepcion, who now heads food and beverage company RFM Corporation ... challenging that presents the greatest opportunity. There would be no Jollibee, no SM if our eonomy was so robust many, many years ago because these ...

3 Metro tollroad groups agree to integrate payment systems
Inquirer - 2017-09-16
It was described as a milestone event by conglomerates San Miguel Corp., Metro Pacific Investments Corp. and Ayala Corp. as well as government agencies, led by the Department of Transportation and Department of Public Works and Highways, whose secretaries ...

HIGHLIGHTS: Social Good Summit 2017
Rappler - 2017-09-16
How do you use social media for social good? Actor and environmentalist John Arcilla, Miss World Philippines 2017 Laura Lehmann, and Globe Telecom program manager Miguel Bermundo tackle this topic in a panel discussion where they talk about using ...

Davao City airport police delay trip of indigenous kids to Manila
Philippine Daily Inquirer - 2017-09-16
"Thus, we informed the airline and the airport police that the papers were ... atm Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share ...

FEF airs support for tax reform plan
Inquirer - 2017-09-16
and increases in SSS (Social Security System) pensions unmatched by increases in contribution. Moreover, this targeted revenue hike will temper the impact of anticipated higher interest rates due to global market developments," the group said.

UN honors Zobel de Ayala as pioneer of sustainable development
Rappler - 2017-09-16
MANILA, Philippines - The United Nations (UN) honored Ayala Corporation chairman and chief executive officer Jaime Augusto Zobel de Ayala for his efforts in steering the Ayala Group toward a more sustainable direction. The UN announced on Thursday ...

PHINMA Energy eyes 45-megawatt solar plant in Batangas
Rappler - 2017-09-16
MANILA, Philippines - PHINMA Energy announced plans to boost its renewable energy portfolio by building a solar energy plant in Batangas. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, September 13, the firm said it has "entered ...

PH shares hit new record high on bright growth prospects
Inquirer - 2017-09-16
SM Prime, Ayala Corp., PLDT, Megaworld, Metrobank, Metro Pacific and AEV also contributed gains. On the other hand, GT Capital slipped by 2.09 percent while AGI fell by 1.88 percent. Shares of BDO, Security Bank, BPI, Jollibee and JG Summit also faltered.

Victorias, Canetown ink pact
Visayan Daily Star - 2017-09-16
The Victorias City government and Canetown Development, a subsidiary of Victorias Milling Co., signed an agreement on the perpetual right to use of the 10-hectare land in Brgy. XIX-A, Victorias City, at the Mayor's Conference Room, yesterday, a press ...

Ayala Land Premier: the leader in luxury property segment
Inquirer - 2017-09-16
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 ...

Unified toll collection accord signed
Philstar - 2017-09-16
MANILA, Philippines -- The groups of Metro Pacific Investments Corp., San Miguel Corp. and Ayala Corp. entered into an agreement with the government yesterday to unify the toll collection systems. The agreement was signed by the toll operators with ...

Pink pearls of wisdom
Philstar - 2017-09-16
It comes from the imprint of ABS-CBN Publishing Inc. As the title implies ... Later, he went to a seminary for his high school education and "behaved," graduating as valedictorian. Thought #10 sums up his high school days: "There were bullies ...

Philippine current account swings to a surplus in Q2
BusinessWorld Online - 2017-09-16
Sought for comment, Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said the depreciation of the peso - which is currently trading above P51 per dollar levels - contributed to a pale current account picture. "I see the weak ...

Sun Life Global Investments Announces Cancellation Of Proposed Fund Merger
The Street - 2017-09-15
Sun Life Financial Inc. trades on the Toronto (TSX), New York (NYSE) and Philippine (PSE) stock exchanges under the ticker symbol SLF. Note to Editors: All figures in Canadian dollars. Commissions, trailing commissions, management fees and expenses all may ...

DOTr gives original proponent status to MPIC-Ayala group for MRT-3 rehab
Philstar - 2017-09-15
MANILA, Philippines -- The Department of Transportation (DOTr) has given original proponent status to the group of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. for the rehabilitation as well as operations and maintenance of the Metro Rail ...

Philippine bond market size up 10.2% at end-June despite rising yields - ADB
BusinessWorld Online - 2017-09-15
Ayala Land, Inc., SM Prime Holdings, Inc., Metropolitan Banking & Trust Co., SM Investments Corp., and Ayala Corp. were the top 5 corporate bond issuers for the period. "Between 1 June and 15 August, local currency (LCY) government bond yields in the ...

Weaker peso forces Manila Water, Maynilad to raise water tariff
BusinessWorld Online - 2017-09-15
MANILA Water Co. and Maynilad Water Services, Inc. will be raising water rates for the fourth ... a difference of P1.54," the company said in a statement on Friday. "Meanwhile, households consuming 30 cubic meters a month will note an increase of ...

Sta. Lucia Land builds Luzon, Davao land bank
BusinessWorld Online - 2017-09-15
HOMEBUILDER and mall owner Sta. Lucia Land, Inc. (SLI) is growing its land bank with the acquisition of over 50 hectares (503,488 square meters) of land, mostly in Luzon, it said will be converted into residential and commercial communities. In a ...

Kim grabs provisional lead
BusinessMirror. - 2017-09-15
Inc., will be held from November 15 to 18 at Wack Wack while Luisita will host the next leg from November 29 to December 2 for the CAT (Central Azucarera de Tarlac) Open. The ICTSI Philippine Golf Tour, on the other hand, will hold its final tournament for ...