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 ...

Alan Peter gets fastest CA nod
Philstar - 2017-05-17
A group of recruiters, the Federation of Manpower Exporters ... the Philippine-Japan Agreement on Social Security and the Paris climate agreement. With just two weeks left before Congress adjourns session, Senate Majority Leader Vicente Sotto III ...

Expressway to Tagaytay
Inquirer - 2017-05-17
Infrastructure giant Metro Pacific Investments Corp. is proposing to build a new expressway that will connect Metro Manila to Tagaytay City in Cavite. According to the Department of Public Works and Highways, Metro Pacific unit MPCALA Holdings Inc. will ...

Starmalls sets P9-B capex this year
Philstar - 2017-05-17
Starmalls, formerly Polar Property Holdings Corp., owns and operates shopping malls which carry the Starmall name and cater to the retail mass market in the Philippines. It also has a portfolio of business process outsourcing (BPO) commercial centers.

Angara named special envoy to EU
Philstar - 2017-05-17
board member of the First Cavite Industrial Estate Inc.; Aimee Torrefranca-Neri, deputy commissioner III, Bureau of Immigration; Johnny Tuason, board member of the Philippine National Oil Corp.-Exploration Corp,; and Margaux "Mocha" Uson, assistant ...

Main stock price index rallies back to 7,800 on growth expectations
Inquirer - 2017-05-17
Metrobank gained 1.14 percent while URC, Security Bank, SM Prime, SM Investments, JG Summit, BDO, Ayala Corp., PLDT, GT Capital, Megaworld and Metro Pacific also contributed gains. On the other hand, there was profit-taking on AGI and Bloomberry ...

DSWD enlists support of stakeholders to address plight of street children
news.pia.gov.ph - 2017-05-17
Joining them will be the Federation of Filipino-Chinese Chamber of Commerce, PhilSeven Foundation, Metrobank Foundation, Lopez Foundation, Villar-Sipag Foundation, Metroworld, Adarna Publishing House, Philippine Daily Inquirer, and the Manila Times.

Market climbs; ICTSI, Petron lead advancers
thestandard.com.ph - 2017-05-17
Fifteen of the 20 most active stocks ended in the green, led by port operator International Container Terminal Services Inc. which climbed 2.2 percent to P99.50 and oil refiner Petron Corp. which gained 1.7 percent to P10.50. Metropolitan Bank & Trust Co ...

Meralco begins hydro project
thestandard.com.ph - 2017-05-17
Manila Electric Co. through joint venture Pure Meridian Hydropower Corp. recently broke ground for its three-megawatt run of river hydro project in Lalawinan, Quezon province. The project is in partnership with Repower Energy Development Corp., a unit of ...

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 ...

DMCI bags P9.5 B construction deals
Philstar - 2017-05-17
The Royalton and Imperium luxury condominiums of Ortigas & Co., The Areté of Ateneo de Manila University and NCCC Mall of LTS Malls Inc., the company said. Last year, the company completed three major infrastructure projects - the NAIA Expressway ...

Converge ICT launches 25Mbps/P1500 a month broadband plan
Rappler - 2017-05-17
Converge's appeal is that their rates are cheaper than other available broadband services. PLDT's rates for their no-data-cap fiber connections are 5Mbps/P1699 a month, 20Mbps/P1899, and 50Mbps/P2899. Globe, meanwhile, has a 10Mbps/P1299 a month plan ...

House for sale in Guimba, Nueva Ecija
www.dotproperty.com.ph - 2017-05-17
(Laguna), STI College (Carmona), Colegio San Agustin. Banks - BPI, China Bank, Metro Bank, Allied Bank, BDO, Land Bank, etc. Resorts and Restaurants - Splash Island, Barrio Fiesta, (Carmona), Southwood Manor, (Golf & hotel restaurant), 30-45mins drive to ...

Megawide nets P440M
Inquirer - 2017-05-17
Construction, engineering and infrastructure group Megawide Construction Corp. saw a 10-percent year-on-year drop in first quarter net profit to P439.98 million on lower construction revenues traced to the "cyclical" factors. Including earnings ...

Robredo wealth shrank by P2.175 M in her 1st six months as VP
Philippine Daily Inquirer - 2017-05-17
In this SALN, Ms. Robredo declared her business interest in the Manila Electric Co. (Meralco) as "shares of stock" for "different years." She did not specify just how much her stake at the corporation was. The lack of details regarding the Meralco ...

Devanadera cleared in P6-B graft case due to Ombudsman delay
Rappler - 2017-05-17
The charges stemmed from a debt agreement struck by Philippine National Construction Corporation (PNCC) and British lending firm Radstock, which had the go-signal from Devanadera, acting in her capacity as government corporate counsel at the time.

MedTech student records 1.059 average to lead UST Batch 2017
Asian Journal - 2017-05-17
Medical Technology student Neill Steven Cachuela leads the 2017 graduating batch of the University of Santo Tomas (UST) after recording a general weighted average (GWA) of 1.059, Summa cum Laude. Batch salutatorian is Su Jee Jang of the Conservatory of ...

Market rises; ALI, Petron climb
thestandard.com.ph - 2017-05-16
Alliance Global Group Inc., the holding company of billionaire Andrew Tan, rose 3.1 percent to P15.16. Meanwhile, equity markets in Frankfurt, London and New York ended at fresh records Monday, lifted by a rally in oil prices that boosted energy shares and ...

Full text of the joint communiqué
Global Nation - 2017-05-16
Attention should be paid to tax and fiscal policies, prioritizing growth and productive ... d) Market-based operation: Recognizing the role of the market and that of business as key players, while ensuring that the government performs its proper role ...

Betrayal of trust
Philstar - 2017-05-16
As a result, the Indonesian group in 1995 entered into a joint venture with the Philippine National Construction Corp (PNCC) for the construction, operation and maintenance of the Metro Manila Skyway (for stages 1, 2 and 3) and the Metro Manila ...

Lopez Holdings earnings drop 19% in Jan.-March
m.bworldonline.com - 2017-05-16
EARNINGS of Lopez Holdings Corp. fell 19% in the first three months of 2017, due to foreign exchange losses of First Philippine Holdings Corp. (FPH) and lower ad revenues of ABS-CBN Corp. during the period. In a statement, Lopez Holdings said its net ...

Malaysia to host Arena Convention and Exhibition in August
theedgeproperty.com.my - 2017-05-16
According to a statement by Arena, the event will be held in Kuala Lumpur for the first time and is expected to host 600 real estate practitioners from eight national real estate associations from Malaysia, Singapore, the Philippines, Thailand, Indonesia ...

GT Capital earnings rise 12% to P3.2 B
Philstar - 2017-05-16
MANILA, Philippines - George Ty-led conglomerate GT Capital Holdings Inc. grew its first quarter core net income 12 percent to P3.2 billion from P2.8 billion a year ago, the company said yesterday. Revenues rose 31 percent to P48.8 billion during the ...

Petron sees income doubling to P20 B
Philstar - 2017-05-16
MANILA, Philippines - Petron Corp. expects to close the year with at least P20 billion in earnings, double of what was registered in 2016, its president and CEO Ramon Ang said yesterday. He said the figure is the minimum amount attainable this year if ...

Globe okays P22.75 cash dividend
The Daily Tribune - 2017-05-16
Globe Telecom said its board of directors approved the declaration of the second quarterly distribution of cash dividend of P22.75 per share for holders of its common shares. The dividend will be paid to shareholders on record as of May 23, 2017 ...

ALSONS DEVELOPMENT & INVESTMENT CORPORATION
jobstreet.com.ph - 2017-05-16
Incorporated in October 29, 1962, Alsons Development & Investment Corporation (ALSONS DEV) is one of the oldest real estate firms operating in Davao City. Since its inception, the company has been at the forefront of the real estate industry in Davao City.

Bangko Sentral warns banks against ransomware attacks
thestandard.com.ph - 2017-05-16
The dirty money entered the local financial system through a Makati branch of Rizal Commercial Banking Corp. and eventually laundered by a number of individuals in local casinos. Espenilla said BSP has a critical role to prevent the entry of dirty money in ...

Lopez Holdings posts Q1 P1.04-B net income
The Daily Tribune - 2017-05-16
Lopez Holdings reported P1.042 billion in net income attributable to equity holders of the parent for the first quarter of 2017. This is 19 percent lower than the P1.291 billion in net income attributable to equity holders of the parent reported in the ...

GMA still open to buy-in, talks to resume
BusinessMirror. - 2017-05-16
INTEREST in acquiring a significant stake in broadcasting company GMA Network Inc. remained unchanged even after negotiations for the transaction bogged down in recent years, the chief honcho of the listed network said. Felipe L. Gozon, who chairs the ...

PAL Holdings reverses to a net loss of P904.7m
thestandard.com.ph - 2017-05-16
The operator of Philippine Airlines said Tuesday it incurred a net loss of P904.7 million in the first quarter on costlier jet fuel prices and higher aircraft maintenance expenses. This was a reversal of the P2.71-billion income that PAL Holdings Inc ...

Poe asked to include Noy in P3.8-B MRT-3 anomaly
The Daily Tribune - 2017-05-16
Anakpawis Rep. Ariel Casilao yesterday called on Sen. Grace Poe, chairman of the Senate committee on public service, to go beyond holding former Department of Transportation and Communications Secretary Joseph Abaya responsible for the P3.8- billion MRT ...

Glitches hit BDO card, online transactions
Rappler - 2017-05-16
In a text message to Rappler, Honey Reyes, assistant vice-president, PR and external communications at BDO Unibank Inc., said the lack of service was "due to connectivity issues." As of 9:05 pm, BDO has updated its announcement to say that its "ATM ...

Glitches hit BDO card, online transactions
Rappler - 2017-05-16
In a text message to Rappler, Honey Reyes, assistant vice-president, PR and external communications at BDO Unibank Inc., said the lack of service was "due to connectivity issues." As of 9:05 pm, BDO has updated its announcement to say that its "ATM ...

DoubleDragon nets P149M
Inquirer - 2017-05-16
Property developer DoubleDragon Properties Corp. chalked up an attributable first quarter net profit of P149.41 million, nearly four times the profit posted in the same period last year, on higher earnings from residential development and leasing businesses.

Megaworld wins big in Property Awards 2017
BusinessMirror. - 2017-05-16
receives the best developer award this year for Megaworld Corp., presented by Department of Tourism Secretary Corazon T. Teo (right). ANDREW TAN-LED property firm Megaworld Corp. won scores of accolades--the most for an industry player--including the ...

Sajid Ampatuan ordered arrested for corruption
Rappler - 2017-05-16
Andal Jr owned the Petron branch that supplied the fuel to the supposed projects. For that, the brothers were charged with 16 counts of corruption that have been raffled off to the anti-graft court's 5th division. The 5th division has not found probable ...

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crimeresearch.org - 2017-05-16
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GT Cap income increased 12% to ?3.2 billion in Q1
BusinessMirror. - 2017-05-16
GT Capital Holdings Inc. on Tuesday said its core income grew 12 percent to P3.2 billion during the first quarter ... Metro politan Bank and Trust Co., AXA Philippines and Metro Pacific Investments Corp. all contributed to the increase.

Concord Pacific leads public and private investment rush to Surrey
Georgia Straight - 2017-05-16
Kwantlen Polytechnic University is developing its yet-to-open 30,000-square ... include a 250-seat studio theatre and a 1,600-seat flex theatre. It's an appropriate location, given that Surrey Centre is expected to be the destination for three new light ...

WATCH | Meralco readies refund of P6.9B starting June
InterAksyon - 2017-05-16
MANILA - Meralco has laid down the mechanics for refunding P6.9 billion to its customers starting this June. This, after the company received the formal order from the Energy Regulatory Commission (ERC) to return to customers an average 75 centavos per ...

Robredo wealth shrank by P2.175 M in her 1st six months as VP
Philippine Daily Inquirer - 2017-05-16
In this SALN, Ms. Robredo declared her business interest in Manila Electric Co. (Meralco) as "shares of stock" for "different years." She did not specify just how much her stake at the corporation was. The lack of details regarding the Meralco ...

AboitizPower to expand reach of retail electricity supply business
m.bworldonline.com - 2017-05-16
ABOITIZ POWER Corp. is expanding the reach of its retail electricity supply business as it expects to forge contracts for around 800 megawatts (MW) by 2020 or a fifth of its target net sellable capacity of 4,000 MW by that year, company officials said.

Full text: List of deliverables of Belt and Road forum
Xinhua News Agency - 2017-05-15
List of Deliverables of the Belt and Road Forum for International Cooperation In 2013, Chinese President Xi Jinping launched the important cooperation initiative of building the Silk Road Economic Belt and the 21st Century Maritime Silk Road. To date ...

Vista Land nets P2.3B
Inquirer - 2017-05-15
Villar group-led property developer Vista Land & Lifescapes (VLL) grew its first quarter net profit by 11 percent year-on-year to P2.3 billion as revenues from residential development and leasing expanded at a double-digit pace. Consolidated revenues for ...

Oil won't last forever, so Dubai is betting big on science and tech
Popular Science - 2017-05-15
Khokhar moved here with his family nearly five years ago, after turning down a job at home in India working for an international consulting company ... it was reeling from the global economic collapse, the city opened a metro line, the first in the ...

DICT confirms global cyber attack in progress
thestandard.com.ph - 2017-05-15
DICT Secretary Rodolfo Salalima "Users are advised to be extremely cautious in their online activities," it said. Globe Telecom said its security operations center averted more than 900 malware attempts so far. "Globe has invested in top-of-the-line ...

UnionBank spells out strength of partnership with Insular Life
BusinessMirror. - 2017-05-15
The largest Filipino life-insurance company, Insular Life Assurance Co. Ltd., which partnered with Union Bank of the Philippines (UnionBank) to offer bancassurance services to Filipinos, is positioning the partnership to become the dominant player in the ...