Envisioning the future
Philstar - 2017-08-30
And it also shows how our economic thinking has not caught up with the economic reality. In the 19th century, families like the Rockefellers championed property rights in the United States because there were few other places where they could go and squirr ...

GNPower Mariveles taps local banks for $800-M refinancing
Philstar - 2017-08-30
BDO Capital & Investment Corp. is acting as sole mandated lead arranger of the ... It is owned by Nauruan-American firm Power Partners Ltd. Co. and by AC Energy Holdings Inc. of the Ayala Group with 20 percent. AboitizPower entered the picture when it ...

Goldilocks confirms talks with SM, sees strategic brand fit
Philstar - 2017-08-30
In a disclosure, SM Investments Corporation (SMIC), the holding company of the Sy family, said it is in preliminary discussions with Goldilocks Bakeshop for "a possible equity investment, joint venture or other cooperation arrangement." The parties are ...

Zarate warns ERC: Provide details on Meralco power deals, Malampaya or you get no budget
BusinessMirror. - 2017-08-30
Bayan Muna Rep. Carlos Zarate warned officials of the Energy Regulatory Commission that their proposed allocation in the 2018 national budget would be set aside if they do not submit the required documents on the Meralco-affiliated power sale agreements ...

Duterte hits Lopez Holdings for 'debt' to government
Rappler - 2017-08-30
It is the parent company of multimedia conglomerate ABS-CBN Corporation and First Philippine Holdings Corporation, which has interests in power, property, and manufacturing. "They use the people's money to finance their business but they keep the earnings ...

Duterte to go after Lopez companies for unpaid DBP loans
Philippine Daily Inquirer - 2017-08-30
The Lopezes also own media giant ABS-CBN Corp., which Duterte has slammed for allegedly being biased against him. Duterte has launched attacks against ABS-CBN, saying he paid the network for airtime during the presidential election campaign, using money ...

Pre-shipment inspection not fair -- Eagle Cement
thestandard.com.ph - 2017-08-30
In separate letters to Trade Secretary Ramon Lopez, Taiheiyo Cement Philippines president and CEO Satoshi Asabi, Mabuhay Filcement Inc. CEO Enrison Benedicto, incoming Republic Cement president Nabil Francis and Cemex Philippines president Ignacio Mijares ...

Stock market rebounds; Bloomberry, URC rise
thestandard.com.ph - 2017-08-30
Ten of the 20 most active stocks ended in the green, led by hotel and gaming company Bloomberry Resorts Corp. which climbed 3.5 percent to P11.14 and food manufacturer Universal Robina Corp. which gained 1.1 percent to P148.90. Puregold Price Club Inc ...

DoubleDragon eyes P4.8-b new projects
thestandard.com.ph - 2017-08-30
DoubleDragon Properties Corp. said Wednesday it will spend P4.8 billion to develop 100,000 square meters of industrial leasing space and 5,000 hotel rooms across the country by 2020. DoubleDragon president Edgar "Injap" Sia Jr. said at the sidelines of ...

Philippine Competition Commission approves Jack Ma's Globe Fintech acquisition
cnnphilippines.com - 2017-08-30
to acquire 45 percent of the start-up Globe Fintech Innovations, Inc. Alipay is a unit of Ant Financial Group, a digital financial service provider owned by Chinese tycoon Jack Ma. Ma is the founder and chairman of the e-commerce business giant Alibaba Group.

Semirara Mining more than tripling capital base to P10 B
Philstar - 2017-08-30
MANILA, Philippines - Semirara Mining and Power Corp. (SMPC) is preparing itself for future investments after it secured regulatory approval to more than triple its authorized capital stock. In a disclosure to the Philippine Stock Exchange yesterday ...

Del Rosario hangs tough
BusinessMirror. - 2017-08-30
Pauline del Rosario battled through sun and rain and came away with a second straight 68, fending off a late-charging Princess Superal for a three-stroke lead after two rounds of the International Container Terminal Services Inc. (ICTSI) Pradera Verde ...

South East Asia Stocks -Thailand hits over 4-yr high ahead of factory output data
Economic Times - 2017-08-30
Meanwhile, Philippine shares fell with industrial stocks accounting for half of the losses. JG Summit Holdings fell as much as 2.4 per cent, while Aboitiz Equity Ventures dropped more than 1 per cent.

Phinma investing up to P210M in new cement company
BusinessWorld Online - 2017-08-30
PHINMA Corp. on Tuesday said it is investing up to P210 million in a new cement company. In a regulatory filing, Phinma said its board of directors approved the investment of up to P210 million for a 60% stake in a yet to be incorporated cement firm.

Philippine Airlines long haul strategy Part 3: resuming Cebu-Los Angeles and new US destinations
Centre for Asia Pacific Aviation - 2017-08-30
Philippine Airlines is planning to resume services from Cebu ... The A350 enables PAL to improve its business class seat and introduce premium economy on long haul routes. However, PAL will need to commit to 777 retrofits to provide a consistent product ...

DoubleDragon to spend over P4 billion for industrial hubs, hotels
Rappler - 2017-08-30
MANILA, Philippines - DoubleDragon Properties Corporation plans to spend P4.8 billion to develop 100,000 square meters (sqm) of industrial leasing hubs and 5,000 hotel rooms across the Philippines by 2020. DoubleDragon president Edgar "Injap" Sia II said ...

Fire Ravages Ever Gotesco Mall
News Philippines Yahoo - 2017-08-30
MANILA, Philippines - A fire that lasted more than nine hours gutted the Ever Gotesco Grand Central mall in Monumento, Caloocan City, Saturday. Investigators said the fire started in one of the stalls on the mall's ground floor at close to 11 p.m. Friday.

MPIC eyes more Philippines, ASEAN infra projects
Philstar - 2017-08-30
MANILA, Philippines - Metro Pacific Investments Corp. is looking for new infrastructure and tollways projects in the country and in the ASEAN region. In a disclosure yesterday, MPIC said its subsidiary Metro Pacific Tollways Corp. (MPTC) would form a ...

LBC Express on track to exceed core profit target for this year
BusinessWorld Online - 2017-08-30
LBC EXPRESS Holdings, Inc. may exceed its core net income target for this year by as much as 5%, a top official said on Tuesday. LBC Investor Relations Officer and Acting Chief Finance Officer Enrique V. Rey, Jr. said the company is banking on its fourth ...

MGB to Adopt ADR Rules for Mining Cases
Lexology - 2017-08-30
In Benguet Corporation vs. Department of Environment and Natural Resources-Mines Adjudication Board, 545 SCRA 196 (2008), the Supreme Court ruled that the Petition for Declaration of Nullity/Cancellation of the Royalty Agreement with Option to Purchase ...

Robinsons Retail Holdings Inc (RRHI)
investing.com - 2017-08-30
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Semirara increases capital to P10b from P3b
thestandard.com.ph - 2017-08-29
The Securities and Exchange Commission approved the increase in authorized capital stock of Semirara Mining and Power Corp. to P10 billion from P3 billion. Semirara said in a disclosure to the stock exchange the corporate regulator approved the higher ...

Puregold acquires B&W stores in Capiz
thestandard.com.ph - 2017-08-29
Supermarket chain operator Puregold Price Club Inc. said Tuesday it acquired five B&W stores in Roxas City, Capiz, a move that will bolster its presence in Western Visayas. Puregold said with the acquisition, it would now have six stores in Panay and 11 ...

Developer banks on rising demand for office spaces
Philstar - 2017-08-29
CEBU, Philippines - Innoland Development Corporation banks on the sustaining office space ... Innoland made its aggressive entry into real estate development industry in Cebu in 2010 with the introduction of the 26-story "The Calyx Center" as its flagship ...

Manila Water ties up with Obando utility
Philstar - 2017-08-29
MANILA, Philippines - Ayala-led Manila Water Co. Inc. has entered into a joint venture agreement ... as joint venture partners in the Obando Water Concession Project," the company said. Last January, Manila Water won the project to develop the water ...

MPTC eyes potential investments in ASEAN
BusinessWorld Online - 2017-08-29
METRO PACIFIC Tollways Corporation (MPTC) is studying the possibility of investing in toll roads and other infrastructure projects in Southeast Asia. In a disclosure to the stock exchange on Tuesday, Metro Pacific Investments Corp. (MPIC) said the MPTC ...

MCIA passenger traffic hits 5.17 million in first half
BusinessWorld Online - 2017-08-29
Air traffic volume also saw a 22% growth to 43,268 from 35,570 during the period in review. Megawide Construction Corp., which took over operations of the Mactan airport in November 2014 through GMR-Megawide Cebu Airport Corp. (GMCAC) with its Bangalore ...

Maynilad allots P7B for QC water treatment plant upgrade
BusinessWorld Online - 2017-08-29
Metro Pacific Investments Corp., which has majority stake in Maynilad, is one of three Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust ...

Security Bank prepares P20-B LTNCD offering
BusinessWorld Online - 2017-08-29
SECURITY BANK Corp. (Security Bank) is planning to raise P20 billion in fresh funds through the issuance of long-term negotiable certificates of time deposits (LTNCD), with the offer still subject to regulatory approvals. In a disclosure to the local ...

Fil-Chinese Chamber bags 3rd SSS Top Employer for NCR
Philippine Information Agency - 2017-08-29
Valdez and Dooc together with NCR Operations Group Senior Vice President Jose B ... "Compliance with the provisions of the social security law is not just beneficial to SSS and its members, but also to the employers as it fosters trust and a harmonious ...

Office of the President most trusted government sub-institution
BusinessMirror. - 2017-08-29
Meanwhile, 93 percent to 95 percent of the respondents considered government agencies providing social services, such as the Philippine Health Insurance Corp., and Social Security System ... of the EON communications group (the Church, academe, the ...

PCC OKs sale of Mighty Corp.
BusinessMirror. - 2017-08-29
The PCC also green lighted the joint transaction of Rockwell Land Corp. and Mitsui Fudosan Asia Pte. Ltd., which are set to develop, construct and sell real-estate properties in the country through the joint-venture company Rockwell-Mitsui Fudosan Asia ...

Puregold acquires a grocery chain in Capiz
BusinessMirror. - 2017-08-29
PUREGOLD Price Club Inc., the grocery-chain operator controlled by businessman Lucio Co, said it acquired five B&W stores in Roxas City, Capiz. The company did not disclose the acquisition cost for the stores. With this acquisition, Puregold will have six ...

Philippines stocks lower at close of trade; PSEi Composite down 0.83%
Investing.com - 2017-08-29
Falling stocks outnumbered advancing ones on the Philippines Stock Exchange by 136 to 56 and 49 ended unchanged. Shares in Aboitiz Power Corp (PS:AP) fell to 3-years lows; falling 4.12% or 1.40 to 32.60. Shares in LT Group Inc (PS:LTG) fell to 52-week lows ...

Stock mart tumbles; Cosco, BDO advance
thestandard.com.ph - 2017-08-29
Losers outnumbered gainers, 103 to 84, while 51 issues were unchanged. Five of the 20 most active stocks ended in the green, led by Cosco Capital Inc., the holding company of tycoon Lucio Co, which rose 1.3 percent to P8.07 and BDO Unibank Inc., the ...

PSE acquires additional stake in bond exchange
thestandard.com.ph - 2017-08-29
Other major shareholders of PDS Holdings are Singapore Stock Exchange., Tata Consultancy Services Asia-Pacific Phils. Inc., San Miguel Corp., Financial Executives Institute of the Philippines Research and Development Foundation, Development Bank of the ...

Puregold acquires B&W stores in Capiz
thestandard.com.ph - 2017-08-29
Supermarket chain operator Puregold Price Club Inc. said Tuesday it acquired five B&W stores in Roxas City, Capiz, a move that will bolster its presence in Western Visayas. Puregold said with the acquisition, it would now have six stores in Panay and 11 ...

Long live retail
BusinessMirror. - 2017-08-29
In Photo: Robbie Antonio (left) managing director of Century Properties and CEO of Revolution Precrafted, and Paulo Campos III, CEO and cofounder of Zalora Philippines WE assumed for years that the shift to online shopping was inevitable. With the ...

AFC Asian Cup: Azkals take on Yemen minus key players
Rappler - 2017-08-29
Grommen has been asked to train with the Azkals in the past but it looks like this is his first full call-up. Another new face will be Meralco's Tyler Matas, a Filipino-American wide player who has played every single minute for the Sparks in their PFL ...

PCC approves JTI-Mighty Corp, Rockwell-Mitsui deals
interaksyon.com - 2017-08-29
First page of the PCC resolution clearing Japan Tobacco's buy-in into Mighty Corp. MANILA - The Philippine Competition Commission ... property of Mighty Corporation and Wong Chu King Holdings Inc. JTIP is a company engaged in the business of importation ...

Panglao kids featured in 'E-Power Mo' campaign
news.pia.gov.ph - 2017-08-29
The handing off ceremony is symbolic of the need for the world to rethink on the renewable sources of energy, which also includes geothermal and which the Philippines comes as a pioneering developer, Energy Development Corporation Corporate Social ...

P20-billion masterplanned community to rise in Davao City
news.pia.gov.ph - 2017-08-29
Named as Azuela Cove, the 25-hectare community is a project of Ayala Land Incorporated with the Alcantara Group of Companies. Located in a seaside area facing Davao Gulf and the Island Garden City of Samal, the Azuela Cove will have condominiums ...

LBC in talks to acquire logistics firms
Rappler - 2017-08-29
MANILA, Philippines - LBC Express Holdings Incorporated is in talks with local and foreign groups for possible acquisitions, as the company looks to strengthen its logistics business. LBC Express chief finance officer Enrique Rey said the company is in ...

JTI-Mighty Corp buyout, Rockwell-Mitsui venture get PCC nod
Rappler - 2017-08-29
The two firms are set to engage in the development, construction, and sale of real estate projects in the Philippines through joint venture company Rockwell MFA Corporation (RMFA). RMFA's initial project is a P9-billion, 3-tower residential development ...

FCCCII bags 3rd SSS Top Employer for NCR
Philippine Information Agency - 2017-08-29
Valdez and Dooc together with NCR Operations Group Senior Vice President Jose B ... "Compliance with the provisions of the social security law is not just beneficial to SSS and its members, but also to the employers as it fosters trust and a harmonious ...

Philippine Airlines long haul strategy Part 2: new nonstop routes to New York JFK and Toronto
Centre for Asia Pacific Aviation - 2017-08-29
Philippine Airlines (PAL) plans to begin a new phase of trans ... PAL has opted for a 295 seat three class configuration for its A350s, providing lie flat business and premium economy products in the North American market for the first time.

Petrol leads price hikes
thestandard.com.ph - 2017-08-29
Eastern Petroleum, Flying V and Unioil Philippines issued separate advisories on the price increases. "Please be advised that Eastern Petroleum will hike the price of gasoline by P0.35 per liter and diesel by P0.20 per liter at 6AM, August 29 ...

Petrol leads price hikes
thestandard.com.ph - 2017-08-28
Eastern Petroleum, Flying V and Unioil Philippines issued separate advisories on the price increases. "Please be advised that Eastern Petroleum will hike the price of gasoline by P0.35 per liter and diesel by P0.20 per liter at 6AM, August 29 ...

No more non-EMV PSBank cards
BusinessMirror. - 2017-08-28
Philippine Savings Bank (PSBank ... By Friday, September 1, all non-EMV cards shall have been deactivated, the thrift bank arm of the Metrobank Group said. "All non-EMV PSBank cards can no longer be used beginning September 1, 2017.

No more non-EMV PSBank cards
BusinessMirror. - 2017-08-28
Philippine Savings Bank (PSBank) clients have until end of the month to collect the more secure EMV chip-enabled debit, credit and automated teller machince (ATM) cards. By Friday, September 1, all non-EMV cards shall have been deactivated, the thrift bank ...