Management guide to analyzing financial statements
m.philstar.com - 2017-08-12
She has a mastery of finance, having spent most of her career handling controllership and risk management functions in Petron Corp. Attend this once-a-year event and avail of the early payment savings and group discounts for three or more participants.

Tacagni brace lifts FC Meralco
Philstar - 2017-08-12
MANILA, Philippines - Connor Tacagni blasted a brace as FC Meralco Manila edged Stallion Laguna FC, 3-2, to solidify its leadership in the Philippines Football League yesterday at Biñan Stadium. Tacagni headed in two goals five minutes apart in the first ...

Ayala revs up motorcycle business
m.philstar.com - 2017-08-12
MANILA, Philippines - Ayala Corp., through its AC Industrial Technology Holdings Inc., is revving up its KTM motorcycle business amid the positive reception of the market. Ayala partnered with Austria-based KTM AG in 2016 for the manufacture of KTM ...

RCBC earns P2.35 B in H1
Philstar - 2017-08-12
MANILA, Philippines - Rizal Commercial Banking Corp. (RCBC) slipped 10 percent in the first half due to higher expenses. RCBC reported a net income of P2.35 billion from January to June, about P260 million lower than the P2.61 billion booked in the same pe ...

Aeta leader feted at Subic ecotourism fest
BusinessMirror. - 2017-08-12
The festival is supported by the Tourism Promotions Board, Subic Bay Metropolitan Authority, Philippine Airlines, PLDT Subictel, Nlex-SCTEx, Steep Coffee, Lighthouse Marina Resort, the Department of the Interior and Local Government, and the Cebu ...

Ayala Corp earnings rise 9% in H1
Philstar - 2017-08-12
MANILA, Philippines - Ayala Corp. posted a nine percent growth in net income in the first half to P15.1 billion, primarily driven by the solid contributions of its real estate and power generation businesses. In the second quarter alone, Ayala recorded a ...

Roxas Holdings more than doubles profit
Philstar - 2017-08-12
RHI expects revenues to accelerate in the coming quarters as Central Azucarera Don Pedro Inc. has started refining operations and deliveries in the first half. For the current crop year, the company is allotting P1.5 billion for its capital expenditures to ...

Ramon Ang and his media interests
Rappler - 2017-08-12
San Miguel had previously planned to launch a major telco player to compete with PLDT. However, San Miguel later sold out to the Pangilinan-led giant and Globe Telecom of the Ayala group after talks between Ang and his team, and foreign partner Telstra ...

Holding firms bare mixed results;
BusinessWorld Online - 2017-08-12
Results in the April-June period showed Ayala Corp. registering a marginal increase in its net profit and DMCI Holdings, Inc. growing its bottom line by seven percent. In contrast, GT Capital Holdings, Inc. and LT Group, Inc. reported lower earnings in the ...

Meet Ramon Ang, Filipino billionaire and Duterte's friend
Rappler - 2017-08-12
Ang's businesses, including diversified P255-billion conglomerate San Miguel Corporation and newly listed Eagle Cement Corporation, have remained unscathed. The Prieto family, which controls the Inquirer, recently announced a pending sale of their media ...

As Trump vacations in New Jersey, West Wing turned upside down
Philippine Daily Inquirer - 2017-08-12
Until the start of the 20th century, the president worked from the second floor ... according to Golf.com. The real estate mogul-turned-president categorically denied making such a statement, insisting he was happy to leave his gilded New York penthouse ...

Impeach complaint filed vs Bautista
Philstar - 2017-08-12
MANILA, Philippines - Marcos loyalist lawyer Oliver ... among them Bauman Enterprises Ltd in British Virgin Islands in September 2010, a trustee company that Bautista set up with the Bank of Singapore. Another is Mantova International Ltd. that ...

NOW Expands Network with Pre-5G
Tempo - 2017-08-12
"By utilizing gigabit links on fixed wireless set-up, the Company sees no need ... with on-going initiatives in bringing institutional investors into the TMT company. For this reason, the Board gave management the flexibility to utilize various financial ...

What is Iza Calzado's birthday wish?
Philstar - 2017-08-11
A project led by the National Youth Council of WWF-Philippines, in partnership with the SSI Group, Inc., the Green Wanderer Travel Fair featured sustainable travel options with uniquely curated itineraries at discounted prices, as well as products made by ...

Ayala also keen on rehab of MRT3
thestandard.com.ph - 2017-08-11
Ayala Corp. is joining Metro Pacific Investments Corp. in its planned unsolicited proposal to upgrade the glitch-prone Mass Railway Transit Line 3. Ayala Infrastructure Holdings president and chief executive Rene Almendras said the conglomerate would ...

Metrobank names CCPO chief among 10 Outstanding Filipinos
Philstar - 2017-08-11
CEBU, Philippines - Cebu City Police Office (CCPO) Director Senior Superintendent Joel Doria was awarded as one of ten Metrobank Outstanding Filipinos for his groundbreaking accomplishments in the campaign against all forms of crimes. The operation Oplan ...

GT Capital profit grows 19% to P7.4B
Inquirer - 2017-08-11
Ty family-led conglomerate GT Capital Holdings Inc. posted a 19-percent growth in first semester core net profit to P7.4 billion on higher earnings from its banking, insurance and real estate businesses. Including one-off items, GT Capital posted a 21 ...

DMCI, GT Capital, Ayala profits climb
thestandard.com.ph - 2017-08-11
Conglomerates DMCI Holdings Inc., Ayala Corp. and GT Capital Holdings Inc. registered strong profits in the first half of the year on bigger contributions from core businesses. Ayala Corp. in a disclosure to the stock exchange said first-half net income ...

BDO raises record P11.8 B from oversubscribed LTNCD
Philstar - 2017-08-11
MANILA, Philippines - BDO Unibank Inc. raised a record P11.8 billion from the issuance of long-term negotiable certificates of deposit (LTNCDs), more than double the issue size of P5 billion. "This is the largest single issuance to date of LTNCDs by a ...

Ten questions on being gay
Philstar - 2017-08-11
LODESTAR By Danton Remoto (The Philippine Star) | Updated August 12, 2017 - 12:00am In a recent post that burnt in the social media for days, a transgender hired to work as an outsourced transcriber was told not to return the next day. When she asked why ...

Stocks dive further on US-North Korea tension
Philstar - 2017-08-11
The benchmark Philippine Stock Exchange declined 0.47 percent ... Capital Development Corp. Business Development head Luis Limlingan said. RCBC Securities Inc. equity research analyst Jeffrey Lucero said despite the decline in share prices, the Philippine ...

Forex, telco assets drag San Miguel net income in 1st half of 2017
Rappler - 2017-08-11
Meanwhile, San Miguel's food manufacturing arm, San Miguel Pure Foods Company Incorporated, likewise delivered P3.1 billion in net profit during the 1st half of the year, up 26% from a year ago level. Its net sales inched up by 5% to P55.9 billion.

GT Capital core profit up 19%
Philstar - 2017-08-11
MANILA, Philippines - GT Capital Holdings Inc. of tycoon George Ty reported a core net income of P7.4 billion in the first half of the year, up 19 percent year on year. However, consolidated net income declined 21 percent to P9.11 billion because of non ...

LT Group posts lower H1 income
Philstar - 2017-08-11
It also has a 30.9 percent in Victorias Milling Co. Inc. The tobacco business contributed 41 percent or P1.85 billion to the groupwide total earnings followed by PNB (P1.52 billion or 34 percent), and ABI (P401 million or nine percent), Tanduay Distillers ...

MacroAsia triples second quarter earnings
BusinessWorld Online - 2017-08-11
AVIATION logistics firm MacroAsia Corp. tripled its profit in the second quarter to P372 million from a year ago on the back of top line growth across its aircraft maintenance, repair, food, and ground handling businesses. In a statement released on Friday ...

Second quarter profit flat at 7-Eleven licensee, but retail shows recovery signs
BusinessWorld Online - 2017-08-11
THE Philippine licensee of 7-Eleven convenience stores registered flat earnings in the second quarter of 2017 anchored on the recovery of same-store sales during the period. Philippine Seven Corp. (PSC) reported a net profit of P288.3 million in the three ...

RCBC lists LTNCDs on PDEx
BusinessWorld Online - 2017-08-11
RIZAL COMMERCIAL Banking Corp. (RCBC) said it listed about P2.5 billion worth of long-term negotiable certificates of deposit (LTNCDs) on the Philippine Dealing & Exchange Corp. (PDEx) Friday. In a statement e-mailed to reporters on Friday, RCBC said its ...

Fighting to save his soul
thestandard.com.ph - 2017-08-11
dollar and peso account at Rizal Commercial Banking Corp. (RCBC) amounting to $12,778.30 and P257,931.60, respectively; and Hong Kong dollar deposits at HSBC in Hong Kong amounting to HK$948,358.97. In contrast, he only declared a net worth of P176.3 ...

Stocks fall on Nokor rhetoric
thestandard.com.ph - 2017-08-11
D&L Industries Inc. lost 2.5 percent to P10.26, while Ayala Land Inc., a major property developer, declined 1.3 percent to P41.95. Security Bank Corp., the fifth largest lender in terms of assets, rose 3.3 percent to P252. The rest of Asian equities ...

Ginebra 3-on-3 hoop tourney this Saturday
Philstar - 2017-08-11
CEBU, Philippines - The Cebu leg of the Ginebra San Miguel Inc. 3-on-3 Basketball Tournament will fire off on August 12 at the Barangay Pasil Multi-Purpose Gym in Cebu City. The tournament is open to male non-professional players aged 18-35 and must be ...

Megaworld income rises 11%
Philstar - 2017-08-11
MANILA, Philippines - Megaworld Corp. reported a net income of P6.03 billion in the first half, up 11 percent from the same period last year on the back of strong office and commercial leasing operations. "It has been a strong first half for Megaworld as ...

NOW expands network with Pre-5G
BusinessMirror. - 2017-08-11
For its part, Security Bank Capital, has been appointed by the company as a financial advisor with ongoing initiatives in bringing institutional investors into the TMT company. For this reason, the Board gave management the flexibility to utilize various ...

Bogo Medellin Milling Co Inc (BMM)
investing.com - 2017-08-11
Get an in-depth profile of Bogo Medellin Milling Co Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. Bogo-Medellin Milling Co., Inc. is a Philippines-based Sugar ...

Absence of political ads drags down ABS-CBN income in 1st half
Rappler - 2017-08-11
MANILA, Philippines - The absence of political advertisements has dragged down the net income of ABS-CBN Corporation to P1.2 billion in the 1st half of 2017, from P2.1 billion in the same period last year. The Lopez-led media and entertainment company ...

Megawide on track to hit income target despite slower revenues
Rappler - 2017-08-11
MANILA, Philippines - Megawide Construction Corporation remains optimistic it can hit its target P2-billion net income in 2017 despite slower construction revenues in the first half of the year. Megawide told the Philippine Stock Exchange that its net ...

Megawide earnings fall in Q2
BusinessWorld Online - 2017-08-11
MEGAWIDE Construction Corporation reported on Thursday its net profit attributable to shareholders of the parent dipped 1.4% to P487.02 million in the second quarter, despite higher revenues from contracts and airport operations. This brought the diversifi ...

Philippine central bank keeps policy steady
wisdomsave.com - 2017-08-11
with the first one at Thursday's meeting. Stock Jumping Abnormally High: Plains GP Holdings, LP (PAGP) If you are reading this piece on another site, it was stolen and reposted in violation of worldwide copyright legislation. The company's Average Earnings ...

All-time high gaming boosts Bloomberry's income 24-fold
Rappler - 2017-08-11
MANILA, Philippines - The owner and operators of Solaire Resort and Casino, Bloomberry Resorts Corporation, saw its net income surge 24-fold to P4.1 billion in the 1st half of the year, thanks to its all-time high gaming revenues here and abroad.

2 party-list reps make up House 'billionaires' club' in 2016
Rappler - 2017-08-11
He chairs the board of directors of GlobalPort 900 Inc, a listed company in the Philippine Stock Exchange; and owns basketball team GlobalPort Batang Pier in the Philippine Basketball Association (PBA). The second richest in the House is DIWA ...

Golden Jolly Bestfoods Corp.
jobstreet.com.ph - 2017-08-11
Golden Jolly Bestfoods Corporation is a franchisee of Jollibee Foods Corporation operating Jollibee stores in Metro Manila. It is under a group of Jollibee Franchisee that also has Chowking, Red Ribbon and Mang Inasal. The group has been operating since 2001.

Net interest, fee-based earnings drive RCBC's income in 2nd quarter
Rappler - 2017-08-11
MANILA, Philippines - Earnings of listed Rizal Commercial Banking Corporation (RCBC) in the 1st 6 months of the year still slipped, even if it booked 67% income growth in the 2nd quarter, which was fueled by higher net interest profit, among others.

Rental business drives Megaworld Q2 higher | BusinessWorld
- 2017-08-11
MEGAWORLD Corp. accelerated its earnings by 10% during the second quarter of 2017, on the back of double-digit growth in leasing revenues from its office buildings, malls and hotels. In a regulatory filing, the Andrew L. Tan-led property developer posted an attributable net income of P3.61 billion, higher than the P3.28 billion it realized in …

JJ Atencio and 8990
thestandard.com.ph - 2017-08-11
Effective end of this year, Januario Jesus "JJ" Atencio retires as president and CEO of 8990 Holdings, Inc., the publicly listed leading mass housing developer. It is not that JJ has been ousted from 8990 for so-so performance. "8990 remains a growth ...

Metro Retail income up 53%, nets P401M
Philstar - 2017-08-10
CEBU, Philippines - Cebu retail giant Metro Retail Stores Group Inc. said yesterday its net income in the first half of 2017 grew 53 percent to P401 million, buoyed by the strong domestic consumption. In a disclosure to the Philippine Stock Exchange on ...

Estranged wife knew about family investments, Bautista's brother says
Philstar - 2017-08-10
Prior to his service at the Presidential Commission on Good Government and Comelec, Andres served as the president of Shang Properties Inc. and Kuok Philippine Properties Inc. RELATED: The story so far: Poll chief Andres Bautista and wife

JJ Atencio and 8990
thestandard.com.ph - 2017-08-10
Effective end of this year, Januario Jesus "JJ" Atencio retires as president and CEO of 8990 Holdings, Inc., the publicly listed leading mass housing developer. It is not that JJ has been ousted from 8990 for so-so performance. "8990 remains a growth ...

PLDT confident of hitting P21.5-B core income goal
Philstar - 2017-08-10
MANILA, Philippines - PLDT Inc. is confident of achieving the P21.5 billion recurring core income guidance for the year due to the steady progress in the first half. In a press briefing yesterday, PLDT chairman and chief executive officer Manuel V.

Stock investors stay on sidelines
Philstar - 2017-08-10
Most players opt to head for the exits until tension eases." He added the earnings report of Universal Robina Corp. and JG Summit of the Gokongwei group disappointed investors. "Expect market to consolidate within the 7900 level for now given the ...

Semirara power units boost profits to P7.86 billion
BusinessMirror. - 2017-08-10
SEMIRARA Mining and Power Corp. (SMPC) posted a 24-percent increase in net income in the first half of the year to P7.86 billion, from P6.36 billion in the same period a year ago, mainly due to stronger contributions from its power units. Net of ...

Forex losses yank down San Miguel H1 earnings
BusinessMirror. - 2017-08-10
Operating income rose 44 percent to P594 million, while net income almost doubled to P265 million. Revenues of San Miguel Pure Foods Co. Inc. rose 5 percent to P55.9 billion due to higher volumes and favorable selling prices of its poultry, fresh-meats and ...