Taiwanese partner raises stake in RCBC
Philstar - 2017-08-28
MANILA, Philippines - Cathay Life Insurance Co. Ltd. of Taiwan continues to beef up its stake in Rizal Commercial Banking Corp. (RCBC) after the Yuchengco-led bank raised P2.5 billion from a recent fund raising activity. The Taiwanese firm spent P43.82 ...

Retail a rising risk for Meralco - MVP
Philstar - 2017-08-28
Manila Electric Co., the listed power distributor chaired by business tycoon Manuel V. Pangilinan, sees the growing retail electricity business in the country as a risk to the company, which for decades has been the main power distributor in Luzon.

MCIA passenger traffic hits 5.17M in first half
- 2017-08-28
Passenger traffic at the Mactan-Cebu International Airport, the country’s second busiest airport, reached 5.17 million from January to June this year, hitting half of the airport's 10 million passenger arrival target for 2017.

Bank presence continues to expand in CV
Philstar - 2017-08-28
"Within the city, banks put up brick and mortar whenever there are commercial zones being developed by real estate developers," he had ... Furthermore, based on data from the Philippine Deposit Insurance Corp. (PDIC), bank deposits in Central Visayas ...

Visayas bizmen to discuss Expanded Anti-red Tape Act
Philstar - 2017-08-28
Pedro president of Lamoiyan Corporation; Jose "Joey" Ma. Conception III, president and CEO of RFM Corporation and Presidential Adviser for Entrepreneurship; and beauty guru Victoria "Vicki" Belo, president and medical director of Belo Medical Group.

Ayala breaks ground on P20-billion Davao township
BusinessWorld Online - 2017-08-28
Ayala has established 55 grown centers and 22 estates all over ... Aside from the hospital and the high-end condominium development, Azuela Cove -- placed under the Aviana Development Corp. -- will also feature key amenities like a soccer field that ...

JTI-Mighty buyout deal sparks LTG share rally
Philstar - 2017-08-28
MANILA, Philippines - Share prices of the LT Group continue to rally following the signing of a deal that allowed Japan Tobacco Inc. to acquire Mighty Corp. , a move which analysts said would translate to fair competition in the industry. On Friday ...

An onstage family reunion
BusinessWorld Online - 2017-08-28
23 at the Meralco Theater. SINGER EDDIE MESA (center) will be joined by his children, including Cherie Gil (L) and Michael de Mesa (R), and grandchildren onstage in his first concert in the Philippines in nearly 30 years. "I feel like I am more excited ...

Sta. Lucia plans condotel in Silay
BusinessWorld Online - 2017-08-28
STA. LUCIA LAND, Inc. is looking to build in Silay City, Negros Occidental a medium-sized condotel, which its president believes would be a pioneering project in the culture-rich city known for its ancestral homes. Sta. Lucia President Exequiel D.

More MyTown dorms to open in next 12 months
BusinessWorld Online - 2017-08-28
SM INVESTMENTS Corp. (SMIC) expects a total of 12 dormitory buildings ... allowing the Sy-led company to enter the dormitory development sector. MyTown rents out rooms at P17,000 per month, with a maximum of four people allowed to share a unit and split ...

Ayala Land to launch P70 billion worth of projects in H2 2017
BusinessMirror. - 2017-08-28
Fort Bonifacio Development Corp. already launched The Flats brand of dormitory-type condo with 375 units, while Ayala Land itself launched one each of the same brand at Circuit Makati and Amorsolo Street both in Makati. Dy said the company will still ...

PSE buys IHAP's stake in PDS Holdings
Rappler - 2017-08-28
Other major shareholders of PDS Holdings include the Singapore Stock Exchange, Tata Consultancy Services Asia-Pacific Phils Incorporated, San Miguel Corporation, Financial Executives Institute of the Philippines Research and Development Foundation ...

Skycable targets 500 million subscribers
BusinessMirror. - 2017-08-28
SKY Cable Corp., a subsidiary of listed multimedia conglomerate ABS-CBN Corp., hopes to grow the subscriber base of its broadband service to half a billion customers in two to three years, banking on the huge pool of subscribers from its cable-television ...

7-Eleven riders third in China
BusinessMirror. - 2017-08-28
The 7-Eleven Road Bike Philippines finished third overall in the Tour of Xingtai 2017 last Sunday in Hebei, China. Spanish rider Edgar Nieto piled up the points needed to tow the only UCI continental team in the country to a podium finish in the three ...

Uptown Mall/Uptown Parade: Work and play luxuriously redefined
BusinessMirror. - 2017-08-28
The township is also home to the 30-story Alliance Global Tower, the headquarters of Alliance Global Inc., the holding company of Dr. Andrew L ... only here in Fort Bonifacio but also in the entire Metro Manila. Once there, you will immediately notice ...

Charter Day street dance and float competition winners bared
news.pia.gov.ph - 2017-08-28
For the Float Competition, the float of Iloilo Scholastic Academy was adjudged first place, Iloilo Science and Technology University, second place and Pepsi Cola Products Philippines, Inc. third place. Winners in both competitions took home cash prizes ...

First Abacus Financial Holdings Corp (FAF)
investing.com - 2017-08-28
First Abacus Financial Holdings Corporation is a financial holding company. The Company, through its subsidiaries, is engaged in stockbroking activities, investment banking, real estate business and other financial services. The Company's segments include ...

Lepanto Consolidated Mining Co (LC)
investing.com - 2017-08-28
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 ...

A day to remember our heroes
BusinessMirror. - 2017-08-28
Mabuhay ang matatapang na bayani ng bayan! ON August 20 the Philippine Charity Sweepstakes Office (PCSO) National Grand Derby was held at the Philippine Racing Club Inc. in Naic, Cavite. This particular race was exclusive to PCSO Maiden Race Runners who ...

Global Ferronickel Holdings Inc (FNI)
investing.com - 2017-08-28
Global Ferronickel Holdings, Inc., formerly Southeast Asia Cement Holdings, Inc., is a Philippines-based holding company. The principal activities of the Company are to invest in, purchase or otherwise acquire and own, hold, use, sell, assign, transfer ...

Marawi donations for 68 slain soldiers hit P68 M
Philstar - 2017-08-27
Ileto said the financial assistance for the remaining beneficiaries ... The turnover of gifts to wounded soldiers was facilitated by the Defense Intelligence and Security Group headed by Lt. Col. Estrellito Romero. As of Aug. 24, a total of 98 Army ...

Sta. Lucia allots P500 M for Negros project
Philstar - 2017-08-27
MANILA, Philippines - Listed property developer Sta. Lucia Land Inc.(SLI) is spending around P400-to P500-million for the development of a residential community in Negros Occidental. In a press briefing yesterday, SLI presented its La Alegria project ...

22nd Milo Little Olympics: USC, St. John Institute reigns
Philstar - 2017-08-27
The rest of the top 10 cast in the secondary division were Sacred Heart School-Ateneo de Cebu (98.75), Taytung High School of Bacolod (66.75), University of San Jose-Recoletos(55), Southwestern University-Phinma(39), Don Bosco Technology College (31.6 ...

Gokongwei Group expands retail, office footprint in Luzon
Philstar - 2017-08-27
It is also near different banks including BDO, Development Bank of the Philippines, and Allied Banking Corp., as well as Naga City Transportation Terminals. For the office space, Robinsons Cybergate has two office floors and a recruitment space on the ...

MOA expansion to be completed by end-2017
- 2017-08-27
The SM GROUP targets to finish the expansion of the SM Mall of Asia (MOA) before the year ends, which would make it the largest shopping mall in the country. SM Prime Holdings, Inc. started the expansion of MOA for its 10th year anniversary in 2016, in a bid to add around 250,000 square meters …

Know the story behind the crown
BusinessMirror. - 2017-08-27
In Photo: Car Awards Group Inc. (Cagi) Technical Director Mariano Tamayo; Cagi President Ronald de los Reyes; Isuzu Automotive Dealership Inc.-Isuzu Alabang Marketing Manager Pam See; Isuzu Philippines Corp., Corporate Communications, Yvonne Linchangco ...

Market expected to stay at 8,000
thestandard.com.ph - 2017-08-27
Heavy losers included 2Go Group Inc. which fell 7.2 percent to P19.30, Xurpas Inc. which dropped 4.6 percent to P5.74 and Rizal Commercial Banking Corp. which declined 3.3 percent to P51.25.

Globe expands LTE services in the south
thestandard.com.ph - 2017-08-27
Globe Telecom said it is ramping up the deployment of long-term evolution sites in the Visayas and Mindanao to provide better mobile data service. Joel Agustin, Globe senior vice president for program governance at network technical group, said the company ...

Duterte promises ease of doing business to investors
Inquirer - 2017-08-27
Speaking on Friday at the launch of a P20-billion joint venture project between Ayala Land Inc. (ALI) and local property developer Alcantara Group of Companies in Davao City, Mr. Duterte said the government had taken steps that would make investors "do ...

Chelsea profit up 93% in H1
philstar.com - 2017-08-27
Realizing the full benefit of deploying vessels acquired last year and those previously drydocked as well as recognized its share in the earnings of 2GO Group Inc., CLC registered revenues of P1.54 billion, up nine percent. "This was driven by the ...

Macquarie, GIC investments of P65-B is vote of confidence in Duterte admin
news.pia.gov.ph - 2017-08-27
The consortium is planning to buy 6.6 billion to 8.9 billion common shares of EDC, mostly from minority shareholders, at P7.25 per share, or a maximum total price of P64.525 billion ($1.28 billion), said First Gen Corp., the mother company of EDC ...

Court denies P83-M sin tax refund on San Mig Light
Inquirer - 2017-08-27
The Court of Tax Appeals has denied the P83.02-million refund claim of San Miguel Brewery, Inc. on excise taxes paid on its San Mig Light product for the year 2013, when the sin tax law took effect. This was because the San Miguel Corp. subsidiary failed ...

Not angry birds
Philstar - 2017-08-26
Vicky is the better half of the late Sandiganbayan Justice Francis Garchitorena and a retired president of the Ayala Foundation, former head of External Communications and member of the management committee of Ayala Corporation. "I find these birds ...

Hunt for next electric-car commodity quickens as prices soar
Minneapolis Star Tribune - 2017-08-26
First Cobalt Corp. is merging with two other firms ... Rising prices are encouraging operators in Asia and elsewhere to produce cobalt as a byproduct of other metals such as nickel and copper. Chile also wants to get in on the act. Development agency ...

5 students get medical school scholarship from SWU Phinma
Philstar - 2017-08-26
CEBU, Philippines - Five college graduates were granted a 100 percent scholarship including allowances at the Southwestern University Phinma School of Medicine. School officials introduced this week the medical school scholarship beneficiaries. They are ...

Gilas breezes past Indons for 12th straight SEAG gold
Philstar - 2017-08-26
Coming off the bench, the now-Meralco Bolts guard finished with 20 points. Christian Standhardinger was again a force to be reckoned with with another double-double performance, posting 11 markers and hauling five boards. Only one cager from the Indonesian ...

Optimize tax savings the right way
Philstar - 2017-08-26
He has over 40 years of teaching experience and 25 years with the Bank of the Philippine Islands, capping his career as its vice president and head of the legal services division. He finished his accounting degree (magna cum laude) and his law degree (cum ...

Zamora-Bitanga group acquires 70% of PT&T
Philstar - 2017-08-26
MANILA, Philippines - The group of Nickel Asia Corp. founder Salvador Zamora II and businessman Benjamin Bitanga have acquired 70 percent of listed Philippine Telegraph & Telephone Corp. (PT&T). In a disclosure to the Philippine Stock Exchange (PSE), PT ...

Pryce mulls sale of memorial parks
Philstar - 2017-08-26
MANILA, Philippines - Pryce Corp. is open to selling its memorial parks to focus on expanding its liquefied petroleum gas (LPG) business, its top official said. While it is not in a hurry to sell the assets, the company has received the authorization from ...

Marco Polo Residences
www.dotproperty.com.ph - 2017-08-26
Local amenities include hospitals such as UV-Gullas College of Medicine, Central Command Hospital and Camp Lapu-Lapu Army Station Hospital, schools such as Nivel Hills, Sun-Oc Daycare Center and Creation's Greatest Achievers, shopping centers such as ...

PDIC puts P319-M bank assets up for auction
Philstar - 2017-08-26
MANILA, Philippines - State-run Philippine Deposit Insurance Corp. (PDIC) is set to bid out P319 million worth of foreclosed assets of shuttered banks including condominium units in Ayala Alabang as well as several lots in Manila and nearby provinces.

More SM malls get solar power
Philstar - 2017-08-26
This is just one of the many renewable projects we have been doing and we will continue with finding ways on how to make our operations more environmentally sound and sustainable," SM Prime Holdings executive committee chairman Hans Sy said. SM Mall of ...

Teachers, soldiers, cops are Metrobank Foundation's outstanding Filipinos for 2017
Rappler - 2017-08-26
Manila Electric Company president and CEO Oscar Reyes, Asian Institute of Management president and dean Dr Jikyeong Kang, Palo Archbishop John Du, and GMA Network senior vice president for radio Miguel "Mike" Enriquez. Joining the ranks of 645 ...

Injap Sia out of Forbes list of Filipino dollar billionaires
Rappler - 2017-08-26
Based on Forbes' estimates, the new members of the club are Jaime Zobel de Ayala of Ayala Corporation (5th richest), Lucio and Susan Co of Puregold Price Club (11th), Inigo and Mercedes Zobel also of Ayala Corporation (13th), Mercedes Gotianun of Filinvest ...

How Ramon Ang became Philippines' 10th richest man in 2017
Rappler - 2017-08-26
(READ: Ramon Ang's Eagle Cement in race to rise above multinational giants) Aside from Eagle Cement, Ang's other businesses, including diversified conglomerate San Miguel Corporation, have been doing well this year in terms of financial performance.

BDO and JCBI launch the JCB Platinum Credit Card
Rappler - 2017-08-26
MANILA, Philippines - JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., announced the launch of the new JCB Platinum Credit Card in the Philippines exclusively issued by BDO Unibank, Inc. (BDO), the largest ...

You can do business with ease, Duterte assures investors
Philstar - 2017-08-26
"I assure our private partners that the government has taken measures to ensure that you can do business with ease," the President said during the launching of Azuela Cove, a 25-hectare waterside development venture of Ayala Land Inc. and the Alcantara ...

Bourse extends gains in step with many Asian peers
BusinessWorld Online - 2017-08-26
THE MAIN INDEX inched further past the 8,000 mark on Friday, keeping in step with major Asian peers as investors awaited signals from central bankers meeting in Jackson Hole, Wyoming, USA this weekend. The Philippine Stock Exchange index (PSEi) finished ...

Chelsea Logistics boosts Q2 earnings by 98%
BusinessWorld Online - 2017-08-26
NEWLY-listed Chelsea Logistics Holdings, Corp. (CLC) nearly doubled its net income in the second quarter of 2017, driven by the recognition of its share in earnings from shipping firm 2GO Group, Inc. In a statement issued on Friday, CLC reported a net ...

SM to launch 5 more solar-powered malls
Philippine Daily Inquirer - 2017-08-25
For this series of initiatives, SM Prime Holdings is working with Solar Philippines ... download as early as 4am & share articles on social media. Call 896 6000.