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 ...

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 ...

Bloomberry posted P2.15-b profit in Q1
thestandard.com.ph - 2017-05-15
Bloomberry Resorts Corp., the owner and operator of Solaire Resort & Casino, said Monday it posted a net income of P2.15 billion in the first quarter, a reversal of the P1.15-billion net loss it incurred in the same period last year, on record gaming revenues.

AEV spending $300m to expand cement unit
thestandard.com.ph - 2017-05-15
Cement demand, however, was weak in the first quarter, which resulted in a number of cement firms such as Holcim Philippines, Cemex Holdings Philippines Inc. and AEV-owned Republic Cement to report lower profits in the first quarter. "While 2017 may be ...

BSP arms banks with tools to ward off cyberattacks
Philstar - 2017-05-15
The BSP has been beefing up its anti-money laundering measures after $81 million worth of funds stolen by hackers from the account of the Bangladesh Bank at the Federal Reserve Bank in New York entered the country through Rizal Commercial Banking Corp ...

Aboitiz Group anchors expansion plans on advancing business, communities
conceptnewscentral.com - 2017-05-15
For its energy unit, AboitizPower, eyes power generation ... fast economic growth. Aboitiz InfraCapital aims to pour in investments to public infrastructures. For instance, AEV forged joint venture with J.V. Angeles Construction Corp. for the Php 10 ...

Gasoline prices up today
Philstar - 2017-05-15
In a separate advisory, Flying V said it also increased gasoline prices by 30 centavos per liter at 12:01 a.m. Meanwhile, Eastern Petroleum Corp. said gasoline prices will be increased by 30 centavos per liter. Petron Corp., Phoenix Petroleum Philippines ...

Alliance Global books steady profit growth
Philstar - 2017-05-15
MANILA, Philippines - The businesses of tycoon Andrew Tan grew steadily in the first quarter of the year. Alliance Global Group Inc. (AGI), the holding company, grew its first quarter net income two percent to P5.4 billion amid sustained efforts to build ...

Dominguez wants investment banks to fund hybrid PPPs
news.pia.gov.ph - 2017-05-15
in which some of the Philippines' biggest names in the business sector were present, among them, Jaime Zobel de Ayala of the Ayala Group and Tessie Sy Coson of SM Investments Corp. (DOF)

Bloomberry sustains profit streak in Q1
Philstar - 2017-05-15
MANILA, Philippines - Bloomberry Resorts Corp., the owner and operator of Solaire Resort & Casino and Jeju Sun Hotel & Casino, sustained its profitability in the first quarter of the year with a net income of P2.15 billion. This is a substantial 86 ...

First Gen eyes sale of 200 MW in retail market
Philstar - 2017-05-15
MANILA, Philippines - Lopez-led First Gen Corp. is eyeing to market 200 megawatts (MW) of clean energy from its 414-MW San Gabriel power plant in Batangas to utilities and industrial customers under the retail competition and open access (RCOA) regime.

Stock rally pauses ahead of big IPOs
Philstar - 2017-05-15
Trading was also muted as most investors prepare for the major initial public offerings (IPOs) of Eagle Cement Corp. and Cebu Landmasters Inc. The benchmark Philippine Stock Exchange index (PSEi) tumbled 42.60 points, or 0.54 percent, to finish at 7,772 ...

Vista Land earnings increase 11% in Q1
Philstar - 2017-05-15
MANILA, Philippines - The Villar family-led Vista Land & Lifescapes Inc. reported an 11 percent increase net income in the first three months of the year to P2.3 billion. Vista Land is pouring in P35.3 billion in capital expenditures this year to sustain ...

Oil firms jack up pump prices
Philippine Daily Inquirer - 2017-05-15
As of press time, companies that gave notice of price hikes included Pilipinas Shell Petroleum Corp., Flying V, Phoenix Petroleum Philippines Inc., Eastern Petroleum Corp., and PTT Philippines Corp. The latest price adjustments brought prices of gasoline ...

Vietnam-aligned hackers attacking foreign companies
BusinessMirror. - 2017-05-15
A European corporation compromised prior to constructing a manufacturing facility in Vietnam (2014); Vietnamese and foreign-owned corporations working in network security, technology infrastructure, banking and media industries (2016); malware detected on ...

ERC okays P7-billion refund of Meralco over-recoveries from 2014 to 2016
BusinessMirror. - 2017-05-15
THE Energy Regulatory Commission (ERC) has given the Manila Electric Co. (Meralco) the green light to refund consumers nearly P7 billion worth of over-recoveries incurred from 2014 to 2016. ERC Commissioner Alfredo J. Non said consumers will receive a ...

DOF invites Japan investment banks to participate in hybrid PPP projects
BusinessMirror. - 2017-05-15
Bulacan, with the Maharlika Highway in San Rafael, Bulacan; and the Central Luzon Link Expressway, which will connect Cabanatuan City in Nueva Ecija to Tarlac, according to Public Works Secretary Mark A. Villar.

Weak gaming arm weighed down AGI income in Q1
BusinessMirror. - 2017-05-15
ALLIANCE Global Group Inc., the holding firm of businesses controlled by Andrew Tan, said its income was flat during the first quarter of the year, as profit of its gambling arm was slashed while its liquor unit made a slight increase in earnings.

GMA eyes P3.9 billion income by end-2017
BusinessMirror. - 2017-05-15
DESPITE the absence of election-related spending this year, broadcasting giant GMA Network Inc. still aims to outperform itself, targeting to net P3.9 billion by year-end on the back of a projected increase in advertising revenues. Felipe L. Gozon ...

GMA-7 open to investors
thestandard.com.ph - 2017-05-15
The chairman of GMA Network Inc. is open to revive talks for the sale of a majority stake in the broadcast network. "I am not the one reviving. The buyers are the one trying to revive. As of now we are not talking, but we are going to talk," GMA ...

Emperador to buy back P5b worth of shares
thestandard.com.ph - 2017-05-15
Emperador Inc., the liquor unit of tycoon Andrew Tan, is embarking on a P5-billion two-year share buyback program as the company expects to miss its target to double net income by 2017. "We will come short of our target," Emperador president Winston Co ...

MPIC in talks to buy Air21
thestandard.com.ph - 2017-05-15
SM Investments Corp., the holding company of tycoon Henry Sy, acquired a 35-percent stake in the parent firm of 2Go Group Inc. Conglomerate Ayala Corp. also entered into e-commerce space with the acquisition of a 43.3-percent interest in BF Jade E-Service ...

MRC Allied eyes renewable energy
Philstar - 2017-05-15
MANILA, Philippines - MRC Allied Inc., the listed real estate company with a diverse portfolio in property and mining, is embarking on a major shift in focus to pursue investments in the renewable energy sector under the leadership of its newly appointed ...

PSBank earns 18% more in Q1
Philstar - 2017-05-15
MANILA, Philippines - Thrift bank Philippine Savings Bank (PSBank) posted an 18 percent rise in net income in the first three months, driven by higher core revenues. In a statement over the weekend, PSBank said net income jumped to P511 million in the ...

Sajid Ampatuan charged anew for P16M in ghost food purchases
Rappler - 2017-05-15
In the charges filed early May, Sajid's older brother former Datu Unsay mayor Andal Ampatuan Jr was also charged for graft because his Petron Branch was hired to supply the fuel for the supposedly fake construction projects. Andal Jr was paid P22.4 million ...

Developers urged to tap short term lease market
Philstar - 2017-05-15
Moreover, Colliers cited the Century Properties Group as a developer that has already tapped the short term lease market, particularly with its Siglo Suites project, which helps owners effectively lease out units to short-,medium-, and long-term guests and ...

NOVUM Hotel Group rents three hotels from Aroundtown Group
E TN Global Travel Industry News - 2017-05-15
The NOVUM Hotel Group is continuing to implement its dynamic expansion plans. In a strategic alliance with Aroundtown, it is taking over three hotels in Hamburg, Mainz und Osnabruck that were previously operated under international brand names. As Germany ...

Phil. Judges Association nominates Court Administrator to SC seat
m.bworldonline.com - 2017-05-15
THE Philippine Judges Association (PJA) has nominated Court Administrator Jose Midas P ... Cruz and Amy C. Lazaro-Javier; Centro Escolar University law school vice dean Rita Linda Ventura-Jimeno; and Pasig RTC Judge Rowena Apao-Adlawan.

Log in, look out: Cyber chaos may grow at workweek's start
New York Daily News - 2017-05-14
So far, not many people have paid the ransom demanded by the malware, Europol spokesman Jan Op Gen Oorth told The Associated Press ... urged to quickly implement a patch released by Microsoft Corp. The ransomware exploits older versions of Microsoft's ...

URC sees stronger 2017 sales
thestandard.com.ph - 2017-05-14
Universal Robina Corp., the biggest snacks food maker, expects sales to grow by mid-teens this year amid intense competition and increasing cost of raw materials. "Given the headwinds we are facing (intense competition, input cost inflation, forex impact ...

DMCI set to rehire workers in 2 mines
thestandard.com.ph - 2017-05-14
DMCI Mining Corp. said it expects to make 15 shipments this year, or equivalent to 800,000 tons of nickel ore, as the company starts building up its stockpile and rehire workers from two mine sites. DMCI Mining president Cesar Simbulan Jr. said in an ...

ALI developing 200-ha CBD in Kawit
Inquirer - 2017-05-14
Property giant Ayala Land Inc. (ALI) is developing a 200-hectare (ha) estate in Kawit, Cavite into a new Southern Luzon central business district (CBD), which will be as big as ALI crown jewel Makati CBD. This estate development called "Evo City" is ...

Experts: Cyberattack havoc could grow as work week begins
New York Daily News - 2017-05-14
The 200,000 victims included more than 100,000 organizations, Europol spokesman Jan Op Gen Oorth told The Associated Press ... Russia's Interior Ministry and companies including Spain's Telefonica, FedEx Corp. in the U.S. and French carmaker Renault ...

Century Pacific nets 10% more in 3 months
Philstar - 2017-05-14
MANILA, Philippines - Century Pacific Food Inc. (CNPF), the listed canned food company of the Po family, grew its first quarter net income by 10 percent to P701 million on the back of revenue growth across all business segments and cost management initiatives.

ICTSI earnings rise 28% in Jan-March
Philstar - 2017-05-14
MANILA, Philippines - Net income of International Container Terminal Services Inc. (ICTSI) rose 28 percent in the first quarter from a year ago amid higher revenue. The port operator said in a disclosure to the Philippine Stock Exchange its net earnings ...

PAL expands Clark operations
Philstar - 2017-05-14
MANILA, Philippines - Philippine Airlines (PAL) is expanding operations in Clark through the launch of flights to three new domestic destinations next month. In a statement, the flag carrier said it is set to start flights to Bacolod from Clark three times ...

7-Eleven trims profit
Philstar - 2017-05-14
MANILA, Philippines - 7-Eleven operator Philippine Seven Corp. reported a 13.3 percent drop in its net income in the first three months of the year due to lower same store sales. In a disclosure to the Philippine Stock Exchange Friday, PSCP said net income ...

12 aspirants vie for SC post
Philstar - 2017-05-14
The nine other nominees to the SC post are CA Presiding Justice Andres Reyes Jr., Associate Justices Rosmari Carandang, Jose Reyes, Japar Dimaampao, Apolinario Bruselas, Stephen Cruz and Amy Lazaro Javier; Centro Escolar University law school vice dean ...

4-day D.O.T.-ALI food event highlights Asean cuisine
BusinessMirror. - 2017-05-14
The four-day event, organized by the Department of Tourism (DOT), in partnership with Ayala Land Inc. (ALI), featured many popular Filipino chefs, restaurants and hotels who served Pinoy favorites and their best interpretations of regional cuisines at the ...

Meralco slips past Ilocos
BusinessMirror. - 2017-05-14
FC MERALCO Manila made sure Ilocos United FC would go home without a win by escaping with a 2-1 victory and take the solo lead in the Philippines Football League (PFL) last Saturday at the Rizal Memorial Stadium. But for Head Coach Aris Caslib, he said his ...

Shape-herd
BusinessMirror. - 2017-05-14
When he briefly worked in Philippine Airlines (PAL), Irwin had to create his own Facebook account so he could monitor not only the passenger complaints and compliments but more to get the pulse of his sheep, the personnel in the Customer Management Office.

Fibr City program helps PLDT cover 3M homes in Q1
BusinessMirror. - 2017-05-14
THANKS to its smart-city program, the home broadband subsidiary of PLDT Inc. is on track to meet its target of reaching 4.4 million homes by the end of 2017. Based on a filing with the stock exchange, the company ended the first quarter with over 3 million ...

Digital disruptions will affect the way we do PR
BusinessMirror. - 2017-05-14
Bong R. Osorio is a communications consultant of ABS-CBN Corp., SkyCable, Dentsu-Aegis Network and government projects, among others, after retiring as vice president and head of the Corporate Communications Division of ABS-CBN. We are devoting a special ...

Ex-military man at DENR worries green groups
BusinessMirror. - 2017-05-14
This was in response to the pangayaw, or tribal declaration of armed defense by Ata-Manobo leaders of the indigenous peoples organization Salugpungan against the massive logging operations of the Alsons company owned by the powerful Alcantara clan in Mindanao.

LT Group posts P2.25-B net income in Q1 2017
The Daily Tribune - 2017-05-14
The tobacco business contributed P1 billion or 45 percent of total attributable income, followed by Philippine National Bank (PNB) at P699 million or 31 percent. Tanduay Distillers Inc. (TDI) generated P207 million or nine percent, while Asia Brewery Inc ...

MPIC keen on Clark auction
thestandard.com.ph - 2017-05-14
Megawide Construction Corp. and partner GMR Infrastructure Ltd. of India and JG Summit Holdings Inc. and Filinvest Development Corp. will be informed of the new policy. Both groups were seeking original proponent status for the unsolicited proposal of ...

Petron to expand PH, Malaysia refineries
thestandard.com.ph - 2017-05-14
Oil company Petron Corp. is expanding its oil refineries in Malaysia and the Philippines to increase efficiency levels and production, a top executive said. "Expansion of oil refinery in Malaysia is a big investment... The refinery will be expanded to ...

National Grid for compensate SSS on Pasay lot
thestandard.com.ph - 2017-05-14
National Grid Corp. of the Philippines said over the weekend it will compensate ... SSS bought the property along Diokno Avenue in Pasay City from Public Estate Authority for P1.12 billion in 1993. SSS is contesting the use of the property by the grid ...

Union Bank, Insular Life forge bancassurance deal
Philstar - 2017-05-14
MANILA, Philippines - Insurance firm Insular Life Assurance Co. Ltd. and Aboitiz-led Union Bank of the Philippines formally launched last week their bancassurance partnership after getting the go-signal from relevant government regulators. The companies ...