Resorts World back on track
- 2017-09-19
Resorts World Manila, a joint venture between Andrew Tan’s Alliance Global Group and Genting Hong Kong Ltd., has seen a big improvement in its daily average foot traffic.

The healthcare business
Philstar - 2017-09-19
DEMAND AND SUPPLY By Boo Chanco (The Philippine Star) | Updated September 20, 2017 - 12:00am A change has been happening over the last decade or so in the healthcare business that is probably for the better. Conglomerates are buying hospitals and ...

PH govt repatriates Filipinos from storm-lashed Caribbean
interaksyon.com - 2017-09-19
HANDOUT PHOTO, DFA WASHINGTON, D.C. - At least 132 Filipinos affected by hurricane Irma at the British Virgin Islands, Sint Maarten and Anguilla departed San Juan, Puerto Rico for the Philippines Tuesday morning (US time) on board Philippine Airlines ...

AGI sets P5B stock repurchase program
BusinessWorld Online - 2017-09-19
the maintenance capex for Emperador, Inc., and the store rollout of Golden Arches Development Corp. Megaworld is aiming to hit 2 million square meters in gross leasable space by 2020, from the current 1.1 million sq.m. This will double the property ...

PNOC asks Petron to address environmental issues before lease ends
BusinessWorld Online - 2017-09-19
Reuben S. Lista, PNOC president and chief executive officer, told reporters on Tuesday that he sent a letter to Petron Corp. President and CEO Ramon S. Ang on Aug. 31, pointing out a previous request for the listed company to conduct environmental impact ...

The homegrown smartphone
BusinessWorld Online - 2017-09-19
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 ...

Alliance Global Group, Inc.
asia.nikkei.com - 2017-09-19
Alliance Global Group, Inc. is an investment holding company, which engages in the food and beverage, real estate, and quick service restaurant businesses. It operates through the following segments: Megaworld, Travellers, GADC, Emperador, and GERI.

Inspiring innovation: The Entrepreneur Of The Year Philippines 2017
BusinessWorld Online - 2017-09-19
The SGV Foundation launched the program locally in 2003 and presented its very first Entrepreneur Of The Year Philippines award to Jollibee Foods Corp. President and Chief Executive Officer (CEO) Tony Tan Caktiong, who went on to win as World Entrepreneur ...

Bourse notches fresh straight peak
BusinessWorld Online - 2017-09-19
Monzon said in a statement. PNB Securities, Inc. President Manuel Antonio G. Lisbona said in a mobile phone message: "The move today is evidence of the very bullish sentiment among market investors." "The economic environment is widely expected to be ...

Developments: Legislation
Lexology - 2017-09-19
However, the new Government was quick to rekindle the draft legislation insofar as it relates to the development of automated vehicle ... It is a defence if the corporation can prove that, when the tax evasion offence was committed, it had in place ...

Quezon City residents reckon with overdue land valuation
BusinessMirror. - 2017-09-19
According to Quezon City Administrator Aldrin Cuña, the local government is losing money because its land valuation is still at the level in the 1990s, while real-estate brokers are ... according to the Apple Corp. web site. According to Lucido, she ...

COMMENTARY: Who will pay for the reconstruction and rehabilitation of Marawi?
Mindanews - 2017-09-19
Filipinos from the Babuyan Islands in the north and the Turtle ... grants and loans for the Marawi rehabilitation. The Philippine Daily Inquirer (Aug. 28, 2017) in its report entitled "ADB, World Bank to be lead coordinators in Marawi rehabilitation ...

SMB, Rain or Shine race to top four slots
thestandard.com.ph - 2017-09-19
The streaking Beermen (6 wins, 3 losses) aim on keeping in-step with their fellow top-tier teams as they take on the Phoenix Petroleum Fuelmasters (2-8) at 7 p.m. in the main course at the Ynares Center in Antipolo City tonight. Preceding that is a clash ...

Duterte admits 'inventing' alleged Trillanes account number
Philstar - 2017-09-19
In May 2016, he accused the president of owning P211 million in the branch of the Bank of the Philippine Islands in Julia Vargas, Pasig City. Then, in a Senate panel investigation into the smuggling of illegal drugs into the country, he accused the ...

Trader's Diary: Stay cautious until Federal Reserve meet outcome
Economic Times - 2017-09-19
Shares of public sector banks such as Syndicate Bank (down 1.73 per cent), Oriental Bank of Commerce (down 1.68 ... negative for the second largest state-owned oil marketing company Bharat Petroleum Corporation (BPCL). CLSA believes acquisition will ...

Competing Against Risk: The Challenge for Corporate Governance in the 21 st Century
BusinessWorld Online - 2017-09-19
Professor EP Vermeulen of the University of Tilburg has pointed out that the average ... 26 th at the Dusit Thani Hotel in Makati City. For further details, please go to www.icdcenter.org. The whole-day conference features distinguished experts in various ...

Security Bank, RCBC roll out online card lock feature
BusinessWorld Online - 2017-09-19
CUSTOMERS of Security Bank Corp. and Rizal Commercial Banking Corp. (RCBC) now have the option to employ online card locking to prevent thieves from gaining access to their accounts. In separate statements on Monday, the two lenders announced that clients ...

PHL exporters promote health benefits of coconut products in US
BusinessMirror. - 2017-09-19
The next day, the Philippine Trade and Investment Center (PTIC)-Los Angeles organized a business-to- business meeting with 38 buyers and some contracts were signed during the event. Store checks were made at the Seafood City and Island Pacific Supermarket ...

'Checkmate ka na,' Trillanes tells Duterte
Philstar - 2017-09-19
In 2016, Trillanes accused the then mayor of Davao City of owning P211 million in an account with the Bank of the Philippine Islands branch in Julia Vargas, Pasig. Duterte signed a waiver allowing Salvador Panelo, then one of his campaign lawyers ...

A much-changed icon, Suu Kyi evades Rohingya accusations
BusinessMirror. - 2017-09-19
After a series of attacks by Muslim militants in August, security forces and allied mobs retaliated by burning down thousands of homes in the enclaves of the ... who ruled the country for nearly half a century and turned a resource-rich land once known ...

Ayala Land Premiere Arbor Lanes: The new southern gateway to Metro Manila
BusinessMirror. - 2017-09-19
THE Ayala Land Premiere (ALP) team, led by its Managing Director Mike Jugo, is on cloud nine these days as Ayala Land Inc. (ALI) luxury brand project Arbor Lanes is now 74-percent sold-out, and set for completion of its first building next year. Arca ...

ERC rejects opposition to Meralco supply deals
thestandard.com.ph - 2017-09-19
The Energy Regulatory Commission has dismissed the opposition filed by certain personalities against the seven controversial power supply agreements of Manila Electric Co. The regulator in separate decisions dismissed the petitions for intervention of ...

MRT mulls over terminating contract with maintenance provider
cnnphilippines.com - 2017-09-19
Metro Manila (CNN Philippines, September 19) -- The termination of the contract with maintenance provider Busan Universal Rails, Incorporated (BURI) is up to the Metro Rail Transit-3 (MRT-3), a transport undersecretary said Tuesday. Speaking to CNN ...

Ayala Land Premier: The leader in luxury residential development
BusinessMirror. - 2017-09-19
In Photo: Park Central Towers, together with the new buildings within Ayala Triangle will redefine the Makati skyline as we know it. AYALA Land Premier continues to lead the Philippine property market to new heights. Their most ambitious project yet, the ...

Ayala Land Premier: The leader in luxury residential development
BusinessMirror - 2017-09-19
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 ...

Royal Caribbean Cruises, STI to build school for seafarers
Inquirer - 2017-09-19
Leading global cruise operator Royal Caribbean Cruises Ltd. (RCL) is betting big on Philippine human resources by teaming up with STI Education Services Group Inc. (STI ESG) to build a world-class training center for seafarers in Manila. The facility ...

Prosecutors may end presentation of evidence in Revilla case this September
Rappler - 2017-09-19
In the last hearing, an official from the Asia United Bank said they recorded "covered" transactions in Revilla's account or a transaction that exceeds the threshold of P500,000 within one day. The bank official said a suspicious transaction report was ...

Jollibee eyes UK-based sandwich chain
Inquirer - 2017-09-19
Homegrown fast-food giant Jollibee Foods Corp. is considering to bid for UK-based international sandwich chain Pret A Manger, continuing its globalization efforts. Based on a report from Reuters, JFC had been holding talks with an adviser over a potential ...

Bayan Muna asks SC to compel telcos to refund P18-B 'excess' text fee
Rappler - 2017-09-19
MANILA, Philippines - Leftist group Bayan Muna on Tuesday, September 19, filed a petition before the Supreme Court (SC) to compel telecommunications companies to return to subscribers P17.7 billion worth of overpriced text message rates. Bayan Muna ...

Megawide sees earnings upswing in H2
Inquirer - 2017-09-19
Construction and engineering firm Megawide Construction Corp. sees a recovery in earnings this second semester to bring full-year net profit 12-14 percent higher than the level posted last year. "This will be driven by the increase in construction ...

Sta. Lucia Land raising P15B for building binge
Inquirer - 2017-09-19
Property developer Sta. Lucia Land Inc. (SLI) is mulling to tap the capital markets to fund a P15-billion spending program for the next three to five years. After raising over P8 billion in the past two years from the local debt market, SLI told the ...

Republic Cement to raise capacity
Philstar - 2017-09-19
MANILA, Philippines -- Republic Cement and Building Materials Inc., the joint venture of Aboitiz Equity Ventures Inc. (AEV) and Ireland-headquartered CRH International, will start raising the capacity of its cement plants to 10 million tons per day as ...

Metrobank inks P10-B deal with Ayala Land Inc.
InterAksyon - 2017-09-19
Sealing the agreement are Metrobank President Fabian Dee (2nd from left) and Ayala Land President and Chief Executive Officer Bernard Vincent Dy (2nd from right) . They are joined by Metrobank Executive Vice President and Head of Institutional Banking ...

Metrobank inks P10-B deal with Ayala Land Inc.
interaksyon.com - 2017-09-19
Sealing the agreement are Metrobank President Fabian Dee (2nd from left) and Ayala Land President and Chief Executive Officer Bernard Vincent Dy (2nd from right) . They are joined by Metrobank Executive Vice President and Head of Institutional Banking ...

Negros Oriental
Visayan Daily Star - 2017-09-19
The Negros Oriental Bankers' Club Inc. will meet with officials from the Bangko Sentral ... Elmer Teves, NORBAC president and East West Bank-Dumaguete manager, yesterday said banks are hoping to find ways to prevent credit card theft, especially with ...

AGI sets P5B stock buyback
Inquirer - 2017-09-19
AGI - which is into real estate development (Megaworld Corp.), integrated resort development and operation (Travellers International Hotel Group), beverage (Emperador Inc.) and fast-food business (Golden Arches Development Corp.) - is currently valued ...

PSALM eyes sale of real estate assets
Philstar - 2017-09-19
MANILA, Philippines -- State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is eyeing to rationalize its real estate assets to bring down its financial obligations while waiting for the go-ahead on the sale of government-owned power plants.

Banks upgrading card security features
Philstar - 2017-09-19
MANILA, Philippines -- Security Banking Corp. and Rizal Commercial Banking Corp. (RCBC) are upgrading the security features of their debit cards to protect clients against fraud and cyber threats. Jopet Jocson, first vice president and Fraud Management ...

VECO urges clients to pay bills online and via TPAs
Philstar - 2017-09-19
In an earlier interview with VECO president Jaime Jose Y. Aboitiz, he said that VECO's enrollment to ATM consortia, like Bancnet, Megalink, Expressnet, is to prepare for the shift of payment culture in the Philippines in the next few years. While VECO ...

PSEi hits all-time high in upbeat trading
Inquirer - 2017-09-18
SM Prime, BDO, Metrobank and Jollibee also firmed up. On the other hand, DMCI fell by 2.91 percent while URC and ICTSI both declined by over 1 percent. Semirara, Security Bank and AEV also slipped. Subscribe to INQUIRER PLUS to get access to The Philippine ...

Foreign investment pledges down
Inquirer - 2017-09-18
The PSA data consisted of approvals made by the following IPAs: Authority of the Freeport Area of Bataan, Board of Investments, BOI-Autonomous Region in Muslim Mindanao, Cagayan Economic Zone Authority, Clark Development Corp., Philippine Economic Zone ...

Philippines climbs ranking in digital, financial inclusion
Philstar - 2017-09-18
The report noted mobile money interoperability arrangement between PayMaya Philippines of dominant carrier PLDT Inc. and GCash of Ayala-led Globe Telecom Inc. would further promote increased adoption of digital financial services in the country.

A visit to the Port of Kotor, in Montenegro
Philstar - 2017-09-18
Perhaps the Office of my good friend Mrs. Heights Soriano Uy (she has been following our travelogue for this trip) the Philippine Interactive Audiotext Services, Inc. (PIASI) in the 10th floor of the Keppel Building can help assist you in getting visas in ...

GMA sees revenue of regional TV stations to rise 15% by year-end
BusinessMirror. - 2017-09-18
RIDING on the economic developments of different regions in the Philippines, GMA Network Inc. aims to grow the local revenues of its regional arm by about 15 percent by year-end, a ranking official said on Monday. Over lunch, GMA Network Vice President for ...

Sta Lucia allots P15 B for new projects
Philstar - 2017-09-18
MANILA, Philippines -- Sta. Lucia Land Inc. (SLI) will pour in P15 billion in capital expenditures in the next three to five years to develop over 600 hectares of land. The company said this would help ensure long-term growth. It has acquired over 658 ...

Stocks sustain momentum, mark fresh record territory
Philstar - 2017-09-18
MANILA, Philippines -- It was another festive day at the Philippine Stock Exchange yesterday as the main composite ... managing director at First Grade Finance Inc. said buying momentum remained strong. "Momentum buying pushed the index to record ...

PSE index rallies past 8,200 ahead of Fed, BSP
BusinessWorld Online - 2017-09-18
SM Investments Corp. came out as the most active stock yesterday, followed by Ayala Corp. The others in the top five are Ayala Land, Inc., SM Prime Holdings, Inc. and BDO Unibank, Inc. Globally, the main event for markets will be the US Federal Reserve ...

Ex-DENR chief disputes COMP claim on open pits
BusinessMirror. - 2017-09-18
Lopez enumerated a number of abandoned open-pit mines, including that of the Maricalum Mining Corp. and CDCP Mining Corp., both in Negros Oriental; Manila Mining Corp. in Surigao del Norte; Dizon Copper-Silver Mines Inc. in Zambales; Palawan Quicksilver ...

Ex-DENR chief disputes COMP claim on open pits
BusinessMirror - 2017-09-18
Dizon Copper-Silver Mines Inc. in Zambales; Palawan Quicksilver Mine Inc. in Palawan; Marinduque Mining and Industrial Corp. in Samar; Marcopper Mining Corp. in Marinduque; Acoje Mining Co. Inc. in Pangasinan; Benguet Corp. in Benguet; Consolidated Mines ...

Google goes the BHIM way, debuts payment app Tez
Catch News - 2017-09-18
Despite the BJP government's claims of fostering a cashless economy through ... In this ase, we are working the banks." "Send money home to your family, split a dinner bill with friends, or pay the neighbourhood chaiwala. Make all payments big or small ...