Market retreats; URC rises
thestandard.com.ph - 2017-08-18
Food manufacturer Universal Robina Corp. rose 1 percent to P150, while Metropolitan Bank & Trust Co. gained 0.8 percent to P87.80. In New York, the S&P 500 Index tumbled by its second-biggest drop of the year with financial and technology shares among the ...

Starmalls registers net profit of P985m
thestandard.com.ph - 2017-08-18
Starmalls Inc., the listed commercial arm of Vista Land & Lifescapes Inc., said Friday net income in the first half climbed 37 percent to P985 million from P719 million recorded in the same period last year, on double-digit growth in revenues. Starmalls ...

Millennium Global Holdings buys Calata
Philstar - 2017-08-18
MANILA, Philippines - Calata Corp., the agribusiness company that is facing delisting from the Philippine Stock Exchange, is spinning off its assets ... percent of Calata to Millenium Global Holdings Inc. MGHI is subscribing to 2.5 billion shares from ...

LRWC H1 profit down 40%
philstar.com - 2017-08-18
MANILA, Philippines - Leisure and Resorts World Corp. saw its first half income nearly halved to P362 million, down 40 percent year-on-year. The company lost around 60 online gaming companies under its First Cagayan Leisure and Resort Corp. (FCLRC ...

1,500-yr-old artifacts found in CamSur
Philippine Daily Inquirer - 2017-08-18
"Both sides of the bank of the Bicol River in the area have been ... direct evidence of the population before the Spaniards arrived in the islands that would later be called the Philippines. "The next step for us is to send samples for radiocarbon ...

Toledo City, PRA signs MOU for 11-hectare reclamation project
news.pia.gov.ph - 2017-08-18
The project is expected to be done in two years with most of the materials from the areas owned and operated by Atlas Consolidated Mining and Development Corporation (ACMDC) and Carmen Copper Corporation (CCC). (fcc/PIA7-Cebu) The Philippine Information ...

Solar files estafa complaint vs ABS-CBN execs over NBA row
Rappler - 2017-08-18
MANILA, Philippines - Solar Entertainment Corporation chairman Wilson Tieng filed an estafa complaint against the board of directors and officers of ABS-CBN Corporation for allegedly neglecting licensing and carriage fees for airing National Basketball ...

Philippines GDP Up In Q2: ETFs in Focus
NASDAQ - 2017-08-18
Ayala Land Inc, SM Prime Holdings Inc and BDO Unibank Inc are the top three holdings of this fund, with 9.75%, 9.35% and 7.92% exposure, respectively (as of August 15, 2017). The fund has returned 10.92% year to date but lost 10.21% in the last one year ...

Duterte's target: The Philippine Daily Inquirer
Rappler - 2017-08-18
Sandy married businessman Benjamin Philip Romualdez, president of the Chamber of Mines and Benguet Corporation and a nephew of former first lady and now Ilocos Norte Representative Imelda Marcos. By the start of the second half of 2017, Duterte focused on ...

To save the firm, Calata to sell out to Millennium Global
Rappler - 2017-08-18
MANILA, Philippines - Calata Corporation plans to spin off its assets and sell an 81% stake in the company to Millennium Global Holdings Incorporated - a move that might save the agriculture firm from being delisted from the Philippine Stock Exchange ...

To save the firm, Calata to sell out to Millennium Global
Rappler - 2017-08-18
MANILA, Philippines - Calata Corporation plans to spin off its assets and sell an 81% stake in the company to Millennium Global Holdings Incorporated - a move that might save the agriculture firm from being delisted from the Philippine Stock Exchange ...

Takata Ch. 11 May Give Automakers Lasting Liability Shield
Law 360 - 2017-08-18
Shannon's bench decision Wednesday provides what he called a short "breathing spell" so that Takata is able to focus its attention on a global restructuring ... in Delaware granted them in Millennium Lab Holdings II LLC's Chapter 11 plan, and had the ...

Millennium Global buys majority stake in Calata
BusinessWorld Online - 2017-08-18
In a disclosure to the stock exchange on Thursday, Calata said Millennium Global Holdings, Inc. will be purchasing a total of 2.5 billion shares from the firm, effectively giving MGHI an 81% stake in Calata. This will be taken from the increase in ...

PetroEnergy books higher net income
BusinessWorld Online - 2017-08-18
PETROENERGY Resources Corp. reported a consolidated net income of $6.55 million in the first half, higher by 180% compared with $2.34 million in the same period last year, the company told the stock exchange on Thursday. The figure translates to a 401% ...

DoubleDragon Properties Corp (DD)
investing.com - 2017-08-18
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 ...

Pio Frago, former UP exec, Inquirer opinion contributor; 78
Philippine Daily Inquirer - 2017-08-17
Pio Perez Frago, former director of the University of the Philippines (UP) Personnel Office and an avid Inquirer commentary writer, died on Monday at the FEU-NRMF Hospital after battling cancer for almost a decade. Remembering him for his cheerfulness and ...

Millennium Global buying 81% of Calata Corp.
thestandard.com.ph - 2017-08-17
Agriculture company Calata Corp. on Thursday unveiled a plan to spin off its assets to privately held Agriphil Corp. and sell an 81-percent interest to Millennium Global Holdings Inc., a listed firm formerly known as IPVG Corp. Calata president Joseph ...

EDITORIAL - Strengthening bonds of friendship
Philstar - 2017-08-17
The DFA, now a staunch defender of Beijing, has also claimed that Chinese construction of artificial islands in the South ... That unanimous ruling awarded the Philippines sovereign rights specifically over Recto (Reed) Bank, Ayungin (Second Thomas ...

AmericInn joins Wyndham portfolio of hotels in $170 million deal
Star Tribune - 2017-08-17
AmericInn, the 200-unit hotel chain based in Chanhassen that is a fixture in suburbs and small towns across the Midwest, has been purchased by Wyndham Hotel Group for $170 million. Wyndham approached the company with a "compelling offer" that was hard to ...

Calata succumbs to pressure, sells out to Millennium Global
BusinessMirror. - 2017-08-17
Calata Corp., an agricultural company being delisted by the Philippine Stock Exchange (PSE), on Thursday said that it is selling out to Millenium Global Holdings Inc., another listed firm. The company said in its disclosure that Millenium Global is buying ...

PetroEnergy income up 180% to $6.55 million
BusinessMirror. - 2017-08-17
PetroEnergy Resources Corp. (PERC) reported a 180-percent jump in net income at end-June this year to $6.55 million, from $2.34 million in the same period last year, mainly brought about by the strong performance of its renewable-energy (RE) projects.

PetroEnergy income up 180% to $6.55 million
BusinessMirror. - 2017-08-17
PetroEnergy Resources Corp. (PERC) reported a 180-percent jump in net income at end-June this year to $6.55 million, from $2.34 million in the same period last year, mainly brought about by the strong performance of its renewable-energy (RE) projects.

SBP Passerelle launches 32nd season
Philstar - 2017-08-17
The Baby Lancers will face stiff opposition from Sacred Heart School-Ateneo de Cebu and the much-improved Don Bosco Technical College, Inc. Five teams compose the SBP division with University of San Carlos and Southwestern University-PHINMA joining UV ...

Consunji Group ventures into retail electricity
Philstar - 2017-08-17
In a recent briefing, DMCI Holdings chairman Isidro Consunji said SEM-Calaca RES Corp. is now looking for customers after receiving its license to operate. SCRC is the retail electricity supplier (RES) arm of the Semirara Mining and Power Corp. To develop ...

Pinoys loom top contenders in World Cadet taekwondo
Philstar - 2017-08-17
MANILA, Philippines - Carrying the colors of Meralco/MVP Sports Foundation, the Philippine Cadet team will participate in the 2017 World Cadet Taekwondo Championships slated on Aug. 24-27 in Sharm El Sheikh, Egypt. Eight athletes - four male and four ...

How the Sy family and Dennis Uy became business partners
Rappler - 2017-08-17
Their partnership was over a decade in the making, culminating in the Sy family's holding firm SM Investments ... It was also the same year Metro Pacific Investments Corporation (MPIC), an infrastructure conglomerate run by businessman Manuel V.

Solar files estafa complaint vs ABS-CBN execs over NBA row
Rappler - 2017-08-17
MANILA, Philippines - Solar Entertainment Corporation chairman Wilson Tieng filed an estafa complaint against the board of directors and officers of ABS-CBN Corporation for allegedly neglecting licensing and carriage fees for airing National Basketball ...

PhilCycling brass send off cyclists
BusinessMirror. - 2017-08-17
Abraham "Bambol" Tolentino, surprised the team and sent them off as they lounged around before taking an 11 a.m. Philippine Airlines flight to the Malaysian capital. The team members include Incheon Asian Games BMX gold medalist Daniel Patrick Caluag ...

Gov't spending, agriculture lift Philippine GDP in Q2 2017
Rappler - 2017-08-17
This is mirrored in the 1st half performance of mining firms such as Semirara Mining and Power Corporation and Apex Mining Company which posted net income increases of 24% to P7.86 billion and 33% to P177.8 million, respectively. Among the major economic ...

Gov't spending, agriculture lift Philippine GDP in Q2 2017
Rappler - 2017-08-17
This is mirrored in the 1st half performance of mining firms such as Semirara Mining and Power Corporation and Apex Mining Company which posted net income increases of 24% to P7.86 billion and 33% to P177.8 million, respectively. Among the major economic ...

Millennium Global buying 81% of Calata Corp.
thestandard.com.ph - 2017-08-17
Agriculture company Calata Corp. on Thursday unveiled a plan to spin off its assets to privately held Agriphil Corp. and sell an 81-percent interest to Millennium Global Holdings Inc., a listed firm formerly known as IPVG Corp. Calata president Joseph ...

Que in control
BusinessMirror. - 2017-08-17
"My target is to shoot at least five under," said Que, who is coming off a record 12-shot victory in the ICTSI Classic at Mount Malarayat last month. In a moving day, a slew of players pressed their bids with early run of birdies but all either lost ...

GDP growth lifts stock market
thestandard.com.ph - 2017-08-17
The Philippine Stock Exchange index, the 30-company benchmark ... led by Security Bank Corp. which advanced 2.4 percent to P261 and developer Ayala Land Inc. which rose 1.8 percent to P43.25. BDO Unibank Inc., the largest lender, went up 1.4 percent ...

Keppel Philippines Holdings Inc B (KPHB)
investing.com - 2017-08-17
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 ...

SFA Semicon Philippines Corp (SSP)
investing.com - 2017-08-17
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 ...

Union Bank of the Philippines (UBP)
investing.com - 2017-08-17
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 ...

Calata succumbs to pressure, sells out to Millennium Global
BusinessMirror. - 2017-08-17
Calata Corp., an agricultural company being delisted by the Philippine Stock Exchange (PSE), on Thursday said that it is selling out to Millenium Global Holdings Inc., another listed firm. The company said in its disclosure that Millenium Global is buying ...

Isuzu holds meet up for customers
BusinessMirror. - 2017-08-17
Fuego pickup and Alterra. To make event more exciting, IPC held its first car show for stock and modified Isuzu vehicles. Open for all clubs are categories, such as Best AUV, Best Pick-up and Best SUV. Meanwhile, for the modified categories, Isuzu clubs ...

BSP awards 15 stakeholders, partners in Negros Oriental
Philippine Information Agency - 2017-08-17
Philippine National Bank (PNB) also received also the award as the Most Compliant with the Sourcing of Unverified Fit Deposit for Bank Withdrawal. Meanwhile, Russell Anadon of Union Bank of the Philippines got an Early Bird Award for Bank Representative in ...

BSP awards 15 stakeholders, partners in Negros Oriental
news.pia.gov.ph - 2017-08-17
Philippine National Bank (PNB) also received also the award as the Most Compliant with the Sourcing of Unverified Fit Deposit for Bank Withdrawal. Meanwhile, Russell Anadon of Union Bank of the Philippines got an Early Bird Award for Bank Representative in ...

Entrepreneur Of The Year Philippines 2015
ey.com - 2017-08-17
This global program was launched in the Philippines in 2003. Jollibee Foods Corporation President and CEO Tony Tan Caktiong won the very first Entrepreneur Of The Year Philippines title and went on to win the 2004 World Entrepreneur Of The Year award in ...

Starmalls income up 36% in 2 nd quarter
BusinessWorld Online - 2017-08-17
STARMALLS, Inc. grew its attributable profit by 36% in the second quarter of 2017, as it experienced higher occupancy at its existing shopping centers alongside an aggressive expansion program. In a regulatory filing, the company owned by Vista Land ...

Philippines ready for its own Silicon Valley -- tech CEO
BusinessWorld Online - 2017-08-17
His Philippine clients include Black Cell Technology, Inc., the IT arm of Calata Corp., and Solid Group, Inc. the parent company of local smartphone brands myPhone and Brown. "Companies [in the Philippines] are looking for opportunity to expand and they ...

Rchitects Inc.
jobstreet.com.ph - 2017-08-17
He also led the collaboration with foreign consultants on major projects such as the LKG Tower, Asian Star and Union Bank Plaza. Arch. Bong Recio received his Bachelor of Science degree in Architecture from the University of Sto. Tomas and is a member of ...

Philippines second-quarter GDP growth quickens on construction boom, drugs war poses risk
New York Daily News - 2017-08-17
Property developers have reported strong earnings in the first half, with Ayala Land posting an 18 percent increase in net income, while Megaworld's net profit rose 11 percent. "We are optimistic that the accelerated state spending and project ...

273 tenants face eviction at Mile Long
Rappler - 2017-08-17
Ramon Ang, the chief of the country's most diversified conglomerate San Miguel Corporation, is in talks with PDI owners to acquire a majority stake in the daily newspaper.

Interest income pushes UnionBank earnings higher
BusinessMirror. - 2017-08-16
Union Bank of the Philippines (UnionBank) grew its net income by 11.29 percent to P4.37 billion in the first six months this year, from P3.92 billion in the same period last year, as interest incomes rose in double-digits led by trading and investment ...

Interest income pushes UnionBank earnings higher
BusinessMirror. - 2017-08-16
Union Bank of the Philippines (UnionBank) grew its net income by 11.29 percent to P4.37 billion in the first six months this year, from P3.92 billion in the same period last year, as interest incomes rose in double-digits led by trading and investment ...

Semirara open to develop mine-mouth power plant
BusinessMirror. - 2017-08-16
SEMIRARA Mining and Power Corp. (SMPC) formally signified interest with the Department of Energy (DOE) to develop a 50-megawatt (MW) mine-mouth power plant in the province of Antique. Energy Secretary Alfonso Cusi, SMPC President and CEO Victor A.

DMCI nickel shipments drop as mines remained suspended
BusinessMirror. - 2017-08-16
DMCI Mining Corp., a unit of DMCI Holdings Inc., said it saw a drastic drop in nickel shipments during the first half of the year, as its two operating subsidiaries remained suspended during the period. The combined nickel shipments of Berong Nickel Corp ...