25 Koreans in scam, gambling ring held
Philippine Daily Inquirer - 2017-05-19
The Bureau of Immigration (BI) on Friday said 12 of them were wanted back home for allegedly operating an online business scam duping their compatriots into investing money in bogus real estate ... with the Philippine Amusement and Gaming Corp., according ...

Home of the Philippine Masters
BusinessMirror. - 2017-05-19
Support for the tournament later came from the San Miguel Corporation after the arrangement with the PCSO expired. The list of former winners speaks to the international significance of the Philippine Masters; you have golfers from all over the world on it ...

Tax reform to upgrade Philippine credit rating - Diokno
Philstar - 2017-05-19
Sought for comment, Emilio Neri, chief economist at the Bank of the Philippine Islands said a credit rating upgrade as a result of tax reform is a possibility, but "not a guarantee." "There are issues about the timing of implementation, how watered ...

South China Sea resources a pillar of economic growth, says MVP
Philstar - 2017-05-19
MANILA, Philippines -- Manny Pangilinan, the chairman of Metro Pacific Investments Corporation (MIPC), said that the resources in South China Sea could be one of the major pillars of Philippine growth as he called on the private sector to help the ...

Meralco Sparks eye win no. 3
thestandard.com.ph - 2017-05-19
MERALCO Manila puts its unbeaten record on the line when it clashes with JPV Marikina on Saturday in the Philippines Football League at Binan Football Stadium in Laguna. The Sparks are gunning for a third straight victory against a JPV side that scored a ...

Daniel Padilla, Kathryn Bernardo to open own business ventures
interaksyon.com - 2017-05-19
chef Kel Zaguirre and Ayala Land premier senior manager Charlton Yu. Turns out Daniel and these guys are partners in a new "gastropub" called, yes, District 8. Formally opening in San Juan this July, District 8 is touted as a place "where celebrities ...

Megawide posts 44% lower income in Q1
Philstar - 2017-05-19
MANILA, Philippines - Diversified engineering and infrastructure conglomerate Megawide Construction Corp. posted a first quarter net income of P549 million, 4.37 percent lower than P573 million in the same period last year. Megawide president Edgar ...

Stocks up; Melco, Petron rise
thestandard.com.ph - 2017-05-19
Petron president and chief executive Ramon Ang told reporters a P20-billion full-year income was not only attainable but could be the "minimum" of what the company could earn this year. Jollibee Foods Corp., the largest fastfood chain, gained 1.5 ...

QC Council exempts 1,714-unit SMDC project from zoning law
Rappler - 2017-05-19
MANILA, Philippines - The Quezon City Council moved to exempt SM Development Corporation (SMDC) from a Quezon City zoning ordinance that requires one parking slot for every unit built. SMDC is building a 1,714-unit condominium complex in Barangay ...

PAL passengers get free SIMs
thestandard.com.ph - 2017-05-19
The International Business Group of Globe Telecom partnered with Mabuhay Miles to make it easier for balikbayans, OFWs, and travelers to get in touch with their loved ones when they reach the Philippines via free Traveler SIM cards distributed to ...

Dog saves 2 boys from fire in Benguet
Rappler - 2017-05-19
Brothers Wilbur and Kurt Santos - 14 and 12, respectively - experienced this when fire broke out in their house at the Philex Mining Corporation mine camp in Sitio Padcal in Tuba town. The two boys were all alone in their 3-bedroom unit - part of an ...

Growth dismays, worst since 2015
BusinessWorld Online - 2017-05-19
Asuncion, chief economist at Union Bank of the Philippines (UnionBank). Growth was hit on the spending side, with household consumption and investments -- not just public spending -- all slowing down. Personal consumption, which accounted for nearly 60% of ...

Strong demand seen for Eagle Cement IPO
BusinessWorld Online - 2017-05-19
ECC priced the IPO at P15 apiece. The cement firm of tycoon Ramon S. Ang will conduct a primary offer of 500 million shares worth P7.5 billion. An over allotment option of 75 million shares will enable the firm to raise up to P1.125 billion more.

Text, call to Vicente helped Valdez secure slot in national team
Philstar - 2017-05-19
Valdez will join ex-La Salle star and Petron's Mika Reyes, La Salle stars Kim Fajardo and Dawn Macandili, National U and Foton's Jaja Santiago and F2's Abigail Marano and Cignal's Rachel Ann Daquis and Jovelyn Gonzaga among others. Reyes was eventually ...

Hedcor bags 'KAPATID AWARD'
news.pia.gov.ph - 2017-05-19
The finalists include Continental Temic Electronic, IBM Philippines, Mitsubishi Motors Philippines, Philippines Savings Bank, Rohm Electronics Philippines, Security Bank, and Thousand Oaks Packaging. The Kapatid Awards started in 1995 and happens every two ...

Marcelino a free man after beating drug raps
Philippine Daily Inquirer - 2017-05-19
Col. Ferdinand Marcelino walked out a free man from his detention ... There are many things to consider like my financial capability [to pursue charges] but justice has to be served," he said. "As they say, forgiveness is more powerful than vengeance ...

Devanadera beats raps
Philippine Daily Inquirer - 2017-05-19
In a 12-page resolution promulgated on May 16 and penned by Sandiganbayan First Division chair Associate Justice Efren de la Cruz, the court dismissed the graft case against Devanadera over the anomalous Philippine National Construction Corp. (PNCC ...

SM Mall of Asia, Pasay
clickthecity.com - 2017-05-19
It currently has 6 commissaries nationwide and 3 in the US. With its acquisition in October 2005 by Jollibee Foods Corporation, Red Ribbon entered a new phase in its company history. The company will soon become the biggest and fastest-growing bakeshop in ...

Kid at heart
Philstar - 2017-05-19
They offer everything from a themed restaurant gourmet package to a fun and shop combo. A Philippine National Bank credit card also entitles visitors to different discounts in the park. For more information, visit www.oceanpark.com.hk

DepEd ready for next month's school season opening in Camarines Norte
news.pia.gov.ph - 2017-05-19
secondary. "Our school facilities now are near 100 percent complete," he said. For the school opening the division is expecting 15,984 students for the junior high school and 8,438 for senior high school. The DepEd subsidizes the tuition of junior and ...

House for sale in Cavite, Guimba
www.dotproperty.com.ph - 2017-05-19
Allied Bank, - China Bank, - BDO, Resorts/Restaurants/Theme Park - Barrio Fiesta, - Southwood Golf and Country Club, - Splash Island, - Enchanted Kingdom, - San Lazaro Race Track

With 13 Completed Projects, Cebu Property Developer Rolls Out IPO
entrepreneur.com.ph - 2017-05-19
Cebu-based property developer Cebu Landmasters Inc. will be offering its shares to the public from ... Citing a report by property consultancy Santos Knight Frank last September 2016, the residential market in Cebu started to see massive growth in 2010 ...

DepEd ready for next month's school season opening in Camarines Norte
Philippine Information Agency - 2017-05-19
Taking part in the launching, aside from the consistent participants from line agencies, parents and students, were East West Bank, Shakeys Daet with their mascot and City Savings. The latter even donated a gate for the school. Brigada Eskwela is ...

Hedcor bags 'KAPATID AWARD'
Philippine Information Agency - 2017-05-19
The finalists include Continental Temic Electronic, IBM Philippines, Mitsubishi Motors Philippines, Philippines Savings Bank, Rohm Electronics Philippines, Security Bank, and Thousand Oaks Packaging. The Kapatid Awards started in 1995 and happens every two ...

Better, more inspiring news
Philstar - 2017-05-18
The Grants have also supported the promotion of quality education through construction of buildings and classrooms, scholarships for identified and special cases as well as for Senior High School in technical-vocational track and in science, technology ...

Davao firm gets $220-m China loan
thestandard.com.ph - 2017-05-18
We believe that synergies between Udenna and 2GO will bring together a stronger and more efficient shipping and logistics industry for the country," Deng said. CLC, the logistics arm of the Udenna Group, will use the proceeds from the bridge loan for the ...

In list of richest senators, Villar KOs Pacquiao
Philippine Daily Inquirer - 2017-05-18
And while Villar accounted her billions from companies that included real estate giant Vista Land & Lifescapes Inc., as chair of the board, Pacquiao had more land as his assets than her. Villar listed six real properties--mostly lots--valued at P4.5 ...

An evolution starts in Kawit
Philstar - 2017-05-18
MANILA, Philippines - The Ayala Group is jumpstarting 2017 with the launch of a new central business district in Kawit, Cavite that is said to rival the posh CBD in Makati. Alveo Land, a subsidiary of Ayala Land Inc., launched over the weekend the 200 ...

Marcelino a free man after beating drug raps
Philippine Daily Inquirer - 2017-05-18
Col. Ferdinand Marcelino walked out a free man from his detention ... There are many things to consider like my financial capability [to pursue charges] but justice has to be served," he said. "As they say, forgiveness is more powerful than vengeance ...

Chelsea inks $220-M bridge loan with Bank of China
Philstar - 2017-05-18
Uy is also the founder of Phoenix Petroleum, the listed Davao-based Phoenix Petroleum. Bank of China granted the loan under the initial $3-billion financing package it committed, during the state visit of President Duterte to China in October last year ...

Nestlé taps AboitizPower to supply renewable energy to Batangas plant
BusinessMirror. - 2017-05-18
NESTLé Philippines Inc. has tapped Aboitiz Power Corp. to supply renewable energy (RE) to its manufacturing facility in Lipa, Batangas. "The partnership between AboitizPower and Nestlé Philippines is a testament to the shared commitment of both ...

Shell in exploratory talks with government on LNG plant
BusinessMirror. - 2017-05-18
Lopez-led First Gen Corp. expressed interest to partner with the PNOC for the development of a LNG terminal. "First Gen acceded to be a minority partner. That I can tell you, but not the details. They have been attending our negotiations, they recognize ...

Market Report, "Philippines Real Estate Report 2017", published
PR Inside - 2017-05-18
The Philippines Real Estate Report features BMI Research's ... Kamux Oyj: 10 largest shareholders after the [..] Kamux Corporations STOCK EXCHANGE RELEASE 18 May 2017 at 15:00 10 largest shareholders after the end of the Initial Public

DMCI Power helps avert Masbate power outages
BusinessMirror. - 2017-05-18
DMCI Power Corp., the off-grid energy player, said it has helped avert power outages in Masbate after it installed new spare parts in its power facility. The company said in partnership with the Masbate Electric Cooperative, it replaced reclosers in the ...

Business and politics: They are different
BusinessMirror. - 2017-05-18
Assume this wild and entirely hypothetical situation. San Miguel Corp. completes a successful, but bitter and unfriendly, majority-ownership takeover of property developer Megaworld Corp. We would expect that San Miguel Vice Chairman, President and COO ...

Market retreats; Bloomberry up
thestandard.com.ph - 2017-05-18
Losers overwhelmed gainers, 124 to 74, while 51 issues were unchanged. Only five of the 20 most active stocks ended in the green, led by Robinsons Retail Holdings Inc. which rose 1.9 percent to P83.65 and Bloomberry Resorts Corp. which gained 1.6 percent ...

Mighty Corp. tax evasion case nears conclusion--DOJ
Philippine Daily Inquirer - 2017-05-18
The Department of Justice (DOJ) is close to concluding the preliminary investigation into the P9.564-billion tax evasion complaint filed by the Bureau of Internal Revenue (BIR) against the controversial cigarette firm Mighty Corporation on May 30.

Fourth batch of hawksbill hatchlings released in Cleanergy Park
news.pia.gov.ph - 2017-05-18
Davao Light and Power Company (DLPC) employees led by Rodger Velasco ... Mike Pineda and members from Junior Chamber International (JCI) Central Davao. "Davao Light and the Aboitiz Foundation will continue in our efforts to protect the pawikans and ...

FDC nets P2.4B, East West outperforms
Inquirer - 2017-05-18
Gotianun family-led Filinvest Development Corp. grew its first quarter net profit by 9 percent year-on-year to P2.4 billion, led by the strong performance of its banking business under East West Bank. East West - which now accounts for 40 percent of the ...

CENECO shakedown
Visayan Daily Star - 2017-05-18
When the report came out that Roy Cordova won the presidency of Central Negros Electric Cooperative ... of Lapore , was disqualified as director when NEA require d a four-year college degree. Cordova went back to school and got his degree.

Maine & Kristel: They could be the next winners
Philstar - 2017-05-18
2017 Bb. Pilipinas second runner-up Kristel Guelos, 24, from Tanauan City, Batangas, is a practicing dentist who graduated from Centro Escolar University Manila. She just finished a one-year training program on Orthodontics and is planning to enroll at the ...

Federalism through Con-Ass pushed
thestandard.com.ph - 2017-05-18
It requires a bold makeover--as envisioned by President Duterte--of our system of government that has stunted countryside development with its built-in bias for so-called Imperial Manila ... where our natural resources abound," said Villafuerte ...

Devanadera beats raps
Philippine Daily Inquirer - 2017-05-17
In a 12-page resolution promulgated on May 16 and penned by Sandiganbayan First Division chair Associate Justice Efren de la Cruz, the court dismissed the graft case against Devanadera over the anomalous Philippine National Construction Corp. (PNCC ...

Thai company buys 40% of Nabas wind project
thestandard.com.ph - 2017-05-17
BCPG Public Company Ltd. of Thailand acquired a 40-percent stake ... BCPG senior vice president Charnvit Trangadisaikul said the investment marked its first presence in the Philippines. "We are very confident that the partnership between BCPG and ...

IMI completes British acquisition
thestandard.com.ph - 2017-05-17
Integrated Micro-Electronics Inc. said it completed the acquisition of an 80-percent stake in STI Enterprises Limited, an electronics manufacturing services company based in the United Kingdom, as a part of a diversification strategy. IMI said in a ...

More flights out of Clark
Philippine Daily Inquirer - 2017-05-17
Cauguiran said WakayAir started serving the Clark-Bagabag (Nueva Vizcaya) route on May 17. Philippine Airlines is adding three flights weekly to Bacolod City, four flights weekly to Cagayan de Oro City and daily flights to Tagbilaran City on June 22.

Manila Jockey Club racefest offers record purse P14.5M
thestandard.com.ph - 2017-05-17
THE richest purse in the history of Philippine horseracing will be up for grabs on Sunday when the Manila Jockey Club Inc. (MJCI) celebrates its 150th anniversary at the San Lazaro Leisure Park in Carmona, Cavite. Eight races, highlighted by the Founder ...

Manila Jockey Club racefest offers record purse P14.5M
thestandard.com.ph - 2017-05-17
THE richest purse in the history of Philippine horseracing will be up for grabs on Sunday when the Manila Jockey Club Inc. (MJCI) celebrates its 150th anniversary at the San Lazaro Leisure Park in Carmona, Cavite. Eight races, highlighted by the Founder ...

GMCAC net income up 44% in Q1
Philstar - 2017-05-17
CEBU, Philippines - GMR-Megawide Cebu Airport Corp. (GMCAC), the airport subsidiary of infrastructure conglomerate Megawide Construction, saw its net income increase by 44 percent in the first quarter of 2017. In a disclosure to the Philippine Stock ...

ICC to push for innovation fund
Philstar - 2017-05-17
Cubos hopes that Cebu will be able to participate strongly in this agenda, considering it has a more solid group of innovators and start-up players. "The Innovation Council is really happy with this development. The government has finally recognized the ...