Millers see flour prices rising
Philstar - 2017-07-28
It is followed by the Philippine Flour Mills, Pilmico of the Aboitiz Group, and Universal Robina Corp. "Companies are trying to get as much market share as they can. Competition is also somewhat tempering the price movement. They cannot just increase ...

BSP wants faster action on cyber threats
BusinessWorld Online - 2017-07-28
Inc. and delayed posting of account credits encountered by Security Bank Corp. which all occurred last month. These incidents dealt the banking industry a "reputational" blow, Mr. Espenilla said, even as he noted that the Philippine banking system ...

Lio Estate raises bar for sustainable tourism
- 2017-07-28
With the continued growth of the country’s tourism sector, property companies are increasingly dipping their hands into leisure-oriented developments.

Philippines stocks higher at close of trade; PSEi Composite up 0.32%
investing.com - 2017-07-28
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 119 to 88 and 42 ended unchanged. Shares in First Gen Corp (PS:FGEN) fell to 3-years lows; falling 1.56% or 0.28 to 17.62. Gold Futures for August delivery was down 0.01% or 0.17 ...

PH gov't told to pay Maynilad over P3B for delayed tariff hike
Rappler - 2017-07-28
The water concessionaire's parent firm, Metro Pacific Investments Corporation, reported this to the local bourse on Tuesday, July 26. It said that the Permanent Court of Arbitration at The Hague has ordered the Republic of the Philippines to reimburse ...

Championing truth advertising
Philstar - 2017-07-28
Makati Medical Center, AXA Insurance, BoosterC, Philippine Star, Pilipino Star Ngayon, Insignia, Caronia, Jergens, Motortrade, Phinma Properties, SM Men and SM Youth, Pasig City Government, Muntinlupa City Government, Lorins, and PalmerAsia. Despite the ...

Metro Pacific Investments Corp (MPI)
investing.com - 2017-07-28
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 ...

Stock index tops 8,100; GT Capital up
thestandard.com.ph - 2017-07-27
The Philippine Stock Exchange index, the 30-company benchmark ... Ten of the 20 most active stocks ended in the green, led by conglomerate GT Capital Holdings Inc. which climbed 2.2 percent to P1,257 and Security Bank Corp. which rose 1.8 percent to ...

PetroEnergy plans P1-b rights offering
thestandard.com.ph - 2017-07-27
Listed PetroEnergy Resources Corp. said Thursday it will raise P1 billion from a stock rights offering to help finance its capital expenditures over the next two years. "The company expects to raise gross proceeds of approximately P1 billion. The offer ...

MRC Allied, China Energy ink renewable-power deal
BusinessMirror. - 2017-07-27
MRC Allied Inc. and China Energy Engineering Group Guangdong Power Engineering Co. Ltd. (GPEC) signed a Memorandum of Understanding (MOU) to explore opportunities in the renewable-energy (RE) sector. "The purpose of the MOU is to confirm that both ...

MRC Allied, China Energy ink renewable-power deal
BusinessMirror. - 2017-07-27
MRC Allied Inc. and China Energy Engineering Group Guangdong Power Engineering Co. Ltd. (GPEC) signed a Memorandum of Understanding (MOU) to explore opportunities in the renewable-energy (RE) sector. "The purpose of the MOU is to confirm that both ...

Batangas kids get free meals at school
thestandard.com.ph - 2017-07-27
TAYSAN, Batangas--Over a thousand students from four different barangays in Batangas will benefit from free nutritious lunch meals every day for one school year, as part of a campaign against hunger and malnutrition by Republic Cement in partnership with ...

Why is Octane important?
thestandard.com.ph - 2017-07-27
Petron Corp. has always been a trailblazer. When its Petron Blaze gasoline launched in August 2000, it was the only premium unleaded gasoline with the Research Octane Number (RON) of 98, the highest in the country. In 2010, Petron Blaze was re-launched to ...

CBC bullish on bank sector growth in Cebu
Philstar - 2017-07-27
"Within the city, banks put up brick and mortar whenever there are commercial zones being developed by real estate developers," said ... Furthermore, based on data from the Philippine Deposit Insurance Corp. (PDIC), bank deposits in Central Visayas as ...

As stocks soar, bourse prepares for IPO rush
m.philstar.com - 2017-07-27
Monzon The stock market, while it continues to attract companies, has yet to see the return of the IPO fever of the 1990s or even prior to the 2008 global ... Cemex Holdings Philippines (P25 billion), Pilipinas Shell Petroleum Corp. (P18.4 billion) and ...

PetroEnergy plans P1-B stock rights offer
Philstar - 2017-07-27
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) of the Yuchengco Group is looking to raise P1 billion through a stocks right offer to partly finance plans to double its renewable energy capacity in two years. In a disclosure to the local bourse ...

MRC Allied exploring renewable energy with Chinese partner
Philstar - 2017-07-27
MANILA, Philippines - MRC Allied Inc. is looking at the potential of developing renewable energy projects in the country with a Chinese firm as partner. The company disclosed yesterday it executed a memorandum of understanding (MOU) with China Energy ...

MRC says Chinese firm looking into renewable energy projects
BusinessWorld - 2017-07-27
MRC ALLIED, Inc. has entered into a memorandum of understanding (MoU) with a Chinese firm to look into the renewable energy projects in the Philippines that have been identified by the local company. The listed miner and property developer, which has ...

SM Investments Corp.
asia.nikkei.com - 2017-07-27
SM Investments Corp. operates as a holding company ... residential and commercial development and hotels and convention centers operations. The Retail segment is engaged in the retail, wholesale trading of merchandise, such as dry goods, wearing apparels ...

Grace Poe, husband to marry again after nearly 3 decades
Rappler - 2017-07-27
Llamanzares was a former member of the United States Air Force before returning to the Philippines. He is working for San Miguel Corporation. Llamanzares was very supportive of Poe during her presidential campaign in 2016, amid controversies hounding the ...

Who is the tycoon who gave P101 million for families of Marawi heroes?
Philstar - 2017-07-27
Among the business leaders who showed their support for the Go Negosyo inititive are Tessie Sy-Coson of the SM Group and BDO, Manny Pangilinan and the PLDT-Smart Foundation, Injap Sia of Double Dragon Properties, Jaime Zobel of Ayala Corp., and the Lucio ...

8990 ventures into mall development
Philstar - 2017-07-27
MANILA, Philippines - Mass housing developer 8990 Holdings Inc. is spending P452 million for the construction of its first mall in Tondo ... Atencio said the company is in the process of looking for anchor tenants, particularly a supermarket and a ...

PCC clears Federal Land JV deal
Philstar - 2017-07-27
The partnership is a 60-40 joint venture project in favor of Federal Land. GT Capital has businesses in banking, property development, infrastructure and utilities, automotive assembly and importation, among others.

In honor of our soldiers
Philstar - 2017-07-27
Philippine Airlines, thanks to Lucio Tan and Mike Tan, extended their support by sponsoring the flights of the families. Since some of them were not able to get copies of their tickets, PAL still accommodated them. Upon their arrival in Manila, the ...

BancNet celebrates 27 years of reliable e-payments in the Philippines
BusinessMirror. - 2017-07-27
Thanks to BancNet which started it all in July 1990. Eight banks, PCI Bank (later Equitable PCI Bank, now Banco de Oro), Security Bank, Chinabank, RCBC, Allied Bank, Metrobank, International Corporate Bank (now part of UnionBank) and CityTrust Banking Corp ...

Empowering millennials through the PayMaya School ID
BusinessMirror. - 2017-07-27
You can load up your PayMaya at any of the over 15,000 top up stations nationwide which include SM Business Centers, Robinsons Department Stores, 7-Eleven, Petron stations along NLEX and Ministop with Touchpay Kiosks, UnionBank ATMs, Shopwise, Wellcome ...

MRT 3 flawed from the start-Busan
BusinessMirror. - 2017-07-27
Metro Pacific Investments Corp. Chairman Manuel V. Pangilinan said his group will soon resubmit its multibillion-peso proposal to overhaul and expand the train line. He added the offer is similar to its previous proposal, but the price tag is different due ...

PetroEnergy to boost capital via rights offer
BusinessMirror. - 2017-07-27
PETROENERGY Resources Corp. (Perc) is looking at raising P1 billion via rights offer to boost its capital. In a disclosure on Thursday Perc said it expects to raise gross proceeds of approximately P1 billion. "The offer price and other details of the ...

Former Karnataka CM Dharam Singh passes away, he was 80
Regional News From Kerala - The News Minute - 2017-07-27
Between 1968 and 1988, he was the Chairman of the Gulbarga City Municipal Corporation ... Dharam Signh with SM Krishna He has held several ministerial portfolios in Karnataka including Home, Excise, Social Welfare, Urban Development and Revenue.

Death penalty dropped from list of urgent bills
Philippine Daily Inquirer - 2017-07-27
He said the House and the Senate agreed to form a technical working group to propose changes to the Constitution. Other priority measures Other priority measures are the condonation of agrarian and agricultural ... free school feeding "pagkaing Pinoy ...

SMB is top taxpayer in Sta. Cruz
Philippine Information Agency - 2017-07-27
HEDCOR Sibulan, Inc. - a power generation firm of Aboitiz Power - is second with PhP5.3 million business tax payment followed by Franklin Baker Company, Inc. in Coronon with PhP5.2 million tax payment. Coco Davao, Inc. (PhP2 million) and GSL Banana ...

Holcim PHL income drops on lower sales
BusinessMirror. - 2017-07-26
CEMENT manufacturer Holcim Philippines Inc. said its income fell a wider 42 percent during the first half of the year on lower sales. Holcim Philippines said net income reached P2.1 billion for the first six months of the year, down from P3.66 billion last ...

Holcim PHL income drops on lower sales
BusinessMirror. - 2017-07-26
CEMENT manufacturer Holcim Philippines Inc. said its income fell a wider 42 percent during the first half of the year on lower sales. Holcim Philippines said net income reached P2.1 billion for the first six months of the year, down from P3.66 billion last ...

Holcim spending $54m to raise cement output
thestandard.com.ph - 2017-07-26
Cement manufacturer Holcim Philippines Inc. said Wednesday it will invest $54 million over the next two years to expand production to 12 million metric tons from the current 10 million MT. The company said the investment would support the Duterte ...

Jones Cup tough stint earns Cruz Final 12 spot
Philstar - 2017-07-26
MANILA, Philippines - From being a mere walk-in aspirant that made the 2015 FEU champion team, Carl Bryan Cruz has made a tremendous stride in his career, crashing into the elite Gilas Pilipinas team that vies in the 2017 FIBA Asia Cup in Beirut on Aug. 8-20.

RLC putting up deluxe hotel in Tacloban
Philstar - 2017-07-26
MANILA, Philippines - Robinsons Land Corp. (RLC) of the Gokongwei family is investing P500 ... Inc., one of the top conglomerates in the country with interests in real estate and hotels, food and beverage, air transportation, banking, petrochemicals ...

PetroEnergy sees 33% more profit on shift to renewables
Philstar - 2017-07-26
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) expects its profit to grow by about 33 percent this year on higher electricity sales as it shifts from oil and gas exploration to renewable energy production, company officials said yesterday.

Firms race to raise funds as Duterte signals tax reforms, more infrastructure spend
BusinessMirror. - 2017-07-26
Fund-raising only resumed this year, led by the listing in early February of the P10-billion fixed rate bonds of Ayala Corp. at the Philippine Dealing and Exchange Corp. (PDEx). This was followed by the P7.5-billion initial public offering by end-March of ...

8990 Holdings reopens in-house financing line
BusinessMirror. - 2017-07-26
MASS-housing developer 8990 Holdings Inc. re-opened its in-house financing window to prop up the sales of its Vitas, Tondo project. 8990 President Januario Jesus Gregorio B. Atencio III said sales of units in the Tondo township project was "just okay ...

PSEi up, but investors lukewarm on Sona
BusinessMirror. - 2017-07-26
Ayala Land Inc. rose P0.55 to P43.20, Metro Pacific Investments Corp. gained P0.14 to P6.84, Semirara Mining and Power Corp. climbed P2.90 to P171 and DMCI Holdings Inc. fell P0.30 to P15.50.

8990 starts building Tondo shopping mall
thestandard.com.ph - 2017-07-26
Mass housing development 8990 Holdings Inc. said it started the construction of its first shopping mall in Tondo, Manila worth P452 million. 8990 Holdings president Jesus Januario Atencio said in an interview following the groundbreaking ceremony the two ...

8990 starts building Tondo shopping mall
thestandard.com.ph - 2017-07-26
The company tapped Megawide Construction Corp., the contractor for the Urban Deca Homes Manila, to also build the Deca Mall. Meanwhile, 8990 Holdings said it would also complete the first three condominium buildings in Tondo. Atencio said reservation sales ...

Cruz takes Maliksi's spot in FIBA Asia Cup-bound Gilas
Philstar - 2017-07-26
MANILA, Philippines - From being a mere walk-in that made the 2015 FEU champion team, Carl Bryan Cruz has now made it all the way to crashing into the elite Gilas Pilipinas team that vies in the 2017 FIBA Asia Cup in Beirut from August 8-20. Cruz ...

Philippines stocks higher at close of trade; PSEi Composite up 0.83%
investing.com - 2017-07-26
Rising stocks outnumbered declining ones on the Philippines Stock Exchange by 98 to 94 and 60 ended unchanged. Shares in LT Group Inc (PS:LTG) rose to 3-years highs; gaining 3.28% or 0.580 to 18.280. Gold Futures for August delivery was down 0.53% or 6.59 ...

Of PDRs and 'foreign ownership' of media
Rappler - 2017-07-26
He holds a Master of Laws from Harvard Law School, a Bachelor of Laws from the University of the Philippines (where he was Chair of the Philippine Law Journal) and a double-major in BS Management Engineering and AB Economics (Honors) from the Ateneo de Manila.

BSP reminds banks on controls vs operation risk
BusinessWorld Online - 2017-07-26
THE CENTRAL BANK will be reminding financial firms of existing rules on employee rotation and internal checks and balances, in light of a P900-million case fraud faced by Metropolitan Bank & Trust Co. (Metrobank) said to be engineered by a senior bank ...

Bohol eyes 2 power barges to deliver 64 MW of power
Philippine Information Agency - 2017-07-26
The Energy Development Corporation (EDC) is operating the geothermal power plants in Leyte, but these could not supply the needed power yet as they are still running tests to get some 40 megawatts (MW) of power salvaged from the July 6 earthquake damaged ...

Businessmen give aid to families of slain Marawi troopers, cops
Philippine Daily Inquirer - 2017-07-25
Jaime Zobel de Ayala of Ayala Corp., Josephine Gotianum Yap of Filinvest, Manny Pangilinan of the PLDT Smart foundation, Alfred Ty of Metrobank Foundation, Michael Tan of Asia Brewery and Philippine Airlines, and Tony Tan Caktiong of Jollibee Food Corp ...

Events before PH-China joint exploration prospect
Global Nation - 2017-07-25
started in 2003 among Philippine National Oil Co. Exploration Corp., China National Offshore Oil Corp. and PetroVietnam on Recto Bank, a large table mount in the South China Sea internationally known as Reed Bank. The JMSU lapsed in 2008 because ceding ...

Bangko Sentral asks banks to thwart internal fraud
thestandard.com.ph - 2017-07-25
The National Bureau of Investigation arrested a senior Metrobank official last week for allegedly funneling disbursed loans into fictitious accounts created in the name of Universal Robina Corp. that cost Metrobank at least P900 million. Metrobank said it ...