Apex Mining bolts out from Chamber of Mines
BusinessMirror. - 2017-08-03
APEX Mining Company Inc., one of 13 firms that passed government audit under former Environment Secretary Regina Paz L. Lopez, said it has resigned from the Chamber of Mines of the Philippines. Walter W. Brown, president and CEO of Apex Mining, expressed ...

Saturation point?
Philstar - 2017-08-03
For sure SM and maybe Robinsons will be able to weather the transition. Smaller mall operators like Rockwell Land with a very definite upscale customer base, will continue to do good business. Malls within self contained developments as in Eastwood should ...

Market rises slightly; DD, Meralco up
thestandard.com.ph - 2017-08-03
Losers outnumbered gainers, 114 to 83, while 54 issues were unchanged. Nine of the 20 most active stocks ended in the green, led by developers DoubleDragon Properties Corp. which jumped 8.4 percent to P48.85 and Global-Estate Resorts Inc. which climbed 4.4 ...

Aboitiz InfraCapital acquires 11.14% of BWSI for P275 M
interaksyon.com - 2017-08-03
Aboitiz Equity Ventures, Inc. (AEV) - the parent company of AIC - said its infrastructure and infrastructure-related business unit acquired 11.14 percent share of BWSI from San Fernando Electric Light & Power Co for P275 million. BWSI is recognized by ...

Meralco earnings down 3% in H1
Philstar - 2017-08-03
MANILA, Philippines - Power distribution giant Manila Electric Co. (Meralco) posted lower earnings in the first half amid lower non-electric contributions from subsidiaries, pushing management to defer issuing its profit guidance this year. In a briefing ...

Meralco Manila starts new era with home loss against Global Cebu
tiebreakertimes.com - 2017-08-03
FC Meralco Manila commenced the post-Younghusband age with a 1-2 home loss against Global Cebu Football Club, Wednesday afternoon at the Rizal Memorial Stadium in Manila. Global coach Akbar Nawas explained, "Everyone thought it would be a walk in the ...

Aboitiz consolidates water investments
Philstar - 2017-08-03
MANILA, Philippines - Cebu-based conglomerate Aboitiz Group has consolidated all its water investments under its infrastructure unit Aboitiz InfraCapital Inc. (AIC) to strengthen its presence in the water business. The company recently completed two ...

JG Summit ventures into digital lending
Philstar - 2017-08-03
MANILA, Philippines - A subsidiary of JG Summit Holdings Inc. has formed a joint venture with China-based Oriente to set up a digital financial service company to serve underbanked consumers and micro, small and medium enterprises in the Philippines.

Belle income nearly doubles in H1
Philstar - 2017-08-03
MANILA, Philippines - Belle Corp. reported a consolidated net income of P1.77 billion ... Manila," Belle said in a disclosure to the local bourse yesterday. Total real estate-related revenues increased by 10 percent to P1.60 billion, of which P1.12 ...

Residential developments still rising on housing gap
BusinessMirror. - 2017-08-03
Major player SM Prime Holdings Inc., the pioneering homegrown company with P1 trillion in market capitalization, will launch residential units anywhere between 15,000 and 18,000. The Ayala Land Group, with P100 billion worth of projects this year ...

Economist says PHL should look beyond BPO success era
BusinessMirror. - 2017-08-03
PSBC Cochairmen Guillermo D. Luchangco of ICCP Group and Loh Chin Hua of Keppel Corp. said interest is still not that high for the Philippines among Singaporean investors. However, the recent economic success of the country, the PSBC said, has made ...

Lopez eyes P14 billion into EDC on sale of shares to PREHC
BusinessMirror. - 2017-08-03
Officials from EDC, the Lopez-led First Gen Corp. and Macquarie Infrastructure and Real Assets (Mira) said on Thursday the offer involves a minimum of 6.6 billion and a maximum of 8.9 billion-common shares, representing 23.5 percent to 31.7 percent of EDC ...

Aboitiz consolidates water units under AIC
thestandard.com.ph - 2017-08-03
Conglomerate Aboitiz Equity Ventures Inc. said it consolidated its water utility ventures under infrastructure unit Aboitiz InfraCapital Inc. AEV said in a disclosure to the stock exchange the consolidation involved the acquisition by AIC of Lima Water ...

Lopezes to sell minority stake in EDC to consortium for up to P14B
Rappler - 2017-08-03
MANILA, Philippines - Lopez-led power firm First Gen Corporation announced it is selling its minority stake in unit Energy Development Corporation (EDC), the country's largest renewable power producer, to a consortium, but it will still retain control.

Aboitiz Equity profit up 3% to P5.6 B in Q2
Philstar - 2017-08-03
Union Bank of the Philippines, meanwhile, saw its income contribution to AEV increase nine percent to P2.1 billion. "Growth in net income was in view of the sustained growth in recurring income, coupled with trading profits. The strong earnings ...

Manila Water signs Pangasinan venture
thestandard.com.ph - 2017-08-03
Manila Water Company Inc. said Thursday it signed a joint venture agreement with the Calasiao Water District for a 25-year project to improve and expand the provision of water supply in the municipality of Calasiao, Pangasinan province. The public private ...

Aboitiz InfraCapital acquires 11.14% of BWSI for P275 M
InterAksyon - 2017-08-03
Logo of Aboitiz Equity Ventures, parent company of Aboitiz InfraCapital, which bought minority stakes in Pampanga-based Balibago Waterworks System, Inc. (BWSI). MANILA - Aboitiz InfraCapital, Inc. (AIC) bought minority stakes in Pampanga-based Balibago ...

Have Filipino and Japanese developers found a perfect match?
Property Report - 2017-08-03
At least three property development firms in the Philippines have teamed up with Japanese real estate giants this year: Federal Land Inc, Rockwell Land Corp, and PA Alvarez Properties and Development Corp. Hankyu Hanshin is joining PA Alvarez in the ...

Ormoc City: Beauty beyond tragedy
Philstar - 2017-08-03
They are operated by Energy Development Corporation. For a trip down memory lane, Ormoc has many places worth visiting. First is the oldest bridge in the city, Puente dela Reina or Bridge of the Queen. The cobblestone bridge was built in the 1800s and used ...

Philippines: Law for providing free internet in public places gets president's nod
ibtimes.sg - 2017-08-03
There are four major Philippine companies providing internet services to the country they are Sun Cellular, SMART, PLDT and Globe. Duterte said that with faster internet services in the country, new employment opportunities will emerge in the countryside.

17 Singaporean firms seek biz opportunities in PH
interaksyon.com - 2017-08-03
"We do look at long-term fundamentals of the Philippines, and the signs are all positive," he noted. Loh, who is also the chief executive officer of Keppel Corp. Ltd., said Singaporean firms also see Davao as a new destination for businesses ...

Aboitiz consolidates water utility, infrastructure investments
Rappler - 2017-08-03
The Aboitiz unit bought the shares from San Fernando Electric Light & Power Company. "These acquisitions will enable [Aboitiz InfraCapital] to establish its position as a provider of water and wastewater-related services to residential, commercial ...

Telco bolsters public wifi projects in Baguio City
news.pia.gov.ph - 2017-08-03
In partnership with its sister company PLDT, similar project is also set at University of Baguio and nearby La Trinidad particularly at the Benguet State University and the Benguet Provincial Capitol. The telecommunications company has recently opened its ...

'Conspirators' in Metrobank internal fraud claim innocence
Rappler - 2017-08-03
MANILA, Philippines - Metropolitan Bank and Trust Company (Metrobank) filed charges against two individuals, Hubert Co and Sue Sai, for allegedly conspiring with the bank's ranking official in connection with the P900-million case of internal fraud.

'Conspirators' in Metrobank internal fraud claim innocence
Rappler - 2017-08-03
MANILA, Philippines - Metropolitan Bank and Trust Company (Metrobank) filed charges against two individuals, Hubert Co and Sue Sai, for allegedly conspiring with the bank's ranking official in connection with the P900-million case of internal fraud.

PFL teams beef up lineup
Visayan Daily Star - 2017-08-03
Sanchez , however, did not play yesterday in Global's 2-1 win against the Younghusband-less Meralco at the Rizal Memorial Stadium. Manila played for the first time sans their longtime ex-skippers, who played their last game with the club on Saturday ...

Tanay MDRRMO holds community-based training
news.pia.gov.ph - 2017-08-03
PNP, BFP, MSWDO, health office and MERALCO sub-office officers also provided lectures on their various roles during disasters. The trainings included refresher courses on basic life support, first aid, and incident command system in order to increase the ...

GSA Chooses 10 Companies For $50B Telecom Services Deal
Law 360 - 2017-08-03
related infrastructure and information technology services -- including cybersecurity and secured communication services -- around the globe, the GSA said. "The award of EIS is a major... To view the full article, register now.

Megawide Construction Corp (MWIDE)
investing.com - 2017-08-02
Megawide Construction Corporation is engaged in the general construction business. The Company's business includes constructing, enlarging, repairing, or engaging in any work upon buildings, houses and condominium, roads, plants, bridges, piers, waterworks ...

Revival of ferry system along Pasig River to address Metro Manila traffic--PRRC
BusinessMirror. - 2017-08-02
to complement the rehabilitation and development of Barangay 832 funded by Metrobank Group," Goitia said. Meanwhile, a transportation expert said any alternative measure to speed up traffic flow in Metro Manila is welcome, particularly systems that will ...

JG Summit diversifies into digital financing
thestandard.com.ph - 2017-08-02
Conglomerate JG Summit Holdings Inc. said a unit teamed up with the founders of internet giants Skype and LU.com to form digital financial services marketplace to address the financial needs of underbanked consumers and micro and small and medium ...

AEV registers net profit of P10.3b
thestandard.com.ph - 2017-08-02
Aboitiz Equity Ventures Inc., the holding company of the Aboitiz Group, reported a 2-percent decline in first-half net income to P10.3 billion from P10.5 billion in the same period last year. AEV said in a disclosure to the stock exchange it recognized non ...

Market extends losses; Vitarich, EastWest rise
thestandard.com.ph - 2017-08-02
Stocks fell for a third day, bucking the gains in other Asian markets, as more companies released second-quarter earnings reports that fell below expectations. The Philippine Stock Exchange index, the 30-company benchmark, shed 33 points, or 0.4 percent to ...

Rival TV networks see higher ratings
thestandard.com.ph - 2017-08-02
Both ABS-CBN Corp. and GMA Network Inc. said Wednesday they sustained higher television ratings nationwide in July. Data from Kantar Media showed ABS-CBN posted a nationwide average audience share of 46 percent in July, or 12 percent higher than rival GMA ...

Cycling for health and friendship
thestandard.com.ph - 2017-08-02
Sportive Class for Women category winners: Avegail Rombaon (middle) won the first place, Marella Salamat (left) bagged second, and Melissa Jane (right) took the third spot Rustom Lim of Team 7-Eleven Road Bike Philippines won the Le Grand Spectacle Elite ...

Customs honors top importers, exporters
Philstar - 2017-08-02
Apo Cement Corporation, Kepco-SPC Power Corporation, Taiheiyo Cement Philippines Incorporated, and Green Core Geothermal Incorporated. They were recognized as top importers after they paid P224 million to P1.3 billion in taxes and duties, said Conrado ...

Time to promote all spoken Filipino languages
Philstar - 2017-08-02
Like me you were probably also jolted this year by the text messages in Tagalog sent out by the National Telecommunications Commission for or with other agencies of the central government in Imperial Manila to all the cellphone numbers of Globe and PLDT-Smart.

Bad weather cancels six local flights
thestandard.com.ph - 2017-08-02
In an advisory, the MIAA -Media Affairs Division said four flights of Cebu Pacific Air and two others from Philippine Airlines - PAL Express were canceled on Wednesday due to heavy rains brought by the southwest monsoon in the region. Those canceled were ...

WESM doing wonders for power sector
BusinessMirror. - 2017-08-02
There are a lot of new power plants coming in. The new capacity must be dispatched economically." Joseph Nocos, Alsons Power Group vice president for business development, said a WESM in Mindanao would optimize the utilization of various generating ...

Two Filipino boxers draw opening blood in Asian Juniors tilt
Rappler - 2017-08-02
Alvarez, City Mayor Lucilo Bayron, the Philippine Sports Commission, MVP Sports Foundation, Smart, Maynilad, PLDT, Wesing, Meralco, Meralco One Foundation, Philippine Airlines, San Miguel Corporation and Hotel Centro Puerto Princesa. - Rappler.com

IBM Research tackles artificial intelligence at PLDT 2017 digicon
Philstar - 2017-08-02
MANILA, Philippines -- Data has unlocked a world of opportunities for enterprises and consumers alike. However, corporations of all sizes, across different industries, have come face-to-face with the challenge of utilizing this abundance of information in ...

Market extends losses; Vitarich, EastWest rise
thestandard.com.ph - 2017-08-02
Stocks fell for a third day, bucking the gains in other Asian markets, as more companies released second-quarter earnings reports that fell below expectations. The Philippine Stock Exchange index, the 30-company benchmark, shed 33 points, or 0.4 percent to ...

Full investigation on cement manufacturers under way
BusinessMirror. - 2017-08-02
Dimagiba against the Cement Manufacturers Association of the Philippines, led by its president, Ernesto OrdoƱez, LaFarge Holcim Philippines Inc. and Republic Cement and Building Materials Inc. Dimagiba, now the president of consumer-rights advocacy group ...

DA needs funds to conduct feasibility study for tire factory
BusinessMirror. - 2017-08-02
Phoenix Petroleum Philippines Inc. is the main investor for the PATF, a 50-hectare rubber-manufacturing plant that is capable of producing at least 4 million tires a year, according to Galang. He said the tires are suitable for regular cars, pickup trucks ...

Stock prices predicting the future
BusinessMirror. - 2017-08-02
But from then on until the end of July, that index has gained 20 percent. Since the start of March the Holding Companies are up 8.5 percent, with the Financial shares gaining 10 percent. Yet, from August to the end of December 2016, the PSEi dropped 15 ...

PSEi on a roller-coaster ride
Inquirer - 2017-08-02
BDO and URC gained over 1 percent while GT Capital and LTG also firmed up. Notable gainers outside the PSEi included Vitarich and EastWest Bank, which rose by 6.05 percent and 2.49 percent, respectively. East West reported on Wednesday a 60 percent jump in ...

Philippine economy seen to slow down in 2017
cnnphilippines.com - 2017-08-02
Metro Manila (CNN Philippines, August 1 ... This is a downward revision from the 6.8% it set at the start of the year. In a separate report, Metrobank pegged its growth forecast at 6.6%. Both banks' estimates are significantly lower than the 6.9% ...

REEM 2017 Affirms Lamudi as Official Real Estate Portal
lamudi.com.ph - 2017-08-02
Other exhibitors include Metrobank, Union Bank, Tokyo Grand Renovation ... Corp. in cooperation with the Organization of Socialized Housing Developers of the Philippines (OSHDP) and in association with Real Estate Brokers Association of the Philippines ...

BOI-listed investments up 40% in 7 months
Inquirer - 2017-08-02
Mindanao is currently under martial law due to the ongoing clash in Marawi City. Investment pledges in southern Philippines suffered a 63-percent drop to P6.87 billion in the first half of the year, BOI data showed. Without disclosing the figures ...

Metrobank sues top exec, 2 others for fraud
Philstar - 2017-08-02
MANILA, Philippines - Metropolitan Bank & Trust Co. (Metrobank) has filed a criminal case against a ranking official and two other individuals after the bank fell victim to internal fraud involving P900 million. In a 17-page complaint affidavit ...