Megaworld nets P2.9 billion
m.bworldonline.com - 2017-05-12
Among its units include leisure estate arm Global-Estate Resorts, Inc., affordable property developer Suntrust Properties, Inc., and Empire East Land Holdings, Inc., which caters to the mid-income segment. "Our long-term goal is to strengthen our ...

Manulife Financial Corp (MFC)
investing.com - 2017-05-12
Unsurprisingly given their run of late, financials dominate the list:Bank of America (BAC +5%) Citigroup (NYSE:C) (CC +1.5%),Citizens Financial (CFG +3.1%)Discover (DFS +3.1%)First Republic (FRC ... Canada stocks lower at close of trade; S&P/TSX Composite ...

QCPD, Muslim leaders to focus antidrug drive on 7 areas
Philippine Daily Inquirer - 2017-05-11
Chief Supt. Guillermo Eleazar, QCPD director, said the police and the local government decided to focus the campaign on Muslim communities because they form a "solid group." He cited earlier efforts done in Salaam Compound. "It used to be very ...

Ayala earned P6.9b in Q1
thestandard.com.ph - 2017-05-11
Conglomerate Ayala Corp. said Thursday net income expanded 20 percent in the first quarter to P6.9 billion from a year ago, driven by the robust results of banking and real estate businesses and solid earnings from emerging business in power and industrial ...

8990 to issue P5-B bonds
Philstar - 2017-05-11
MANILA, Philippines - Mass Housing developer 8990 Holdings Inc. plans to offer as much as P5 billion worth of securitized bonds later this year, a company official said. In a briefing Tuesday, 8990 president and CEO Januario Jesus Atencio said the company ...

San Miguel income slightly up in Jan-March
Philstar - 2017-05-11
Sales volume increased 32 percent to seven million. San Miguel Pure Foods Inc. grew its net income 20 percent to P1.5 billion on the back of a three percent hike in revenues to P26.7 billion on account of prevailing favorable selling prices for the poultry ...

Vacant space troubles malls in Metro Manila
Philippine Daily Inquirer - 2017-05-11
In February, the Ayala group bought 49 percent of Zalora Philippines, while the SM Group acquired a 34.5-percent stake in logistics provider 2GO Group Inc. Recently, JG Summit invested $25 million in Singapore-based Sea Ltd., which focuses on e-commerce in ...

Air-conditioning firm chooses revolutionary platform and methodology
thestandard.com.ph - 2017-05-11
Concepcion Industrial Corporation (CIC), industry leader in air-conditioning and refrigeration for over 50 years, has enlisted BackOffice Associates and Fasttrack Solutions Inc. as it migrates from BaaN to SAP S/4 HANA to improve core business operations.

Air-conditioning firm chooses revolutionary platform and methodology
thestandard.com.ph - 2017-05-11
Concepcion Industrial Corporation (CIC), industry leader in air-conditioning and refrigeration for over 50 years, has enlisted BackOffice Associates and Fasttrack Solutions Inc. as it migrates from BaaN to SAP S/4 HANA to improve core business operations.

DAR, farmers face contempt for defying SC
thestandard.com.ph - 2017-05-11
The show cause order was issued in response to the motion filed by Rizal Commercial Banking Corp. on April 27, 2017, which claimed that Agrarian Reform Secretary Rafael Mariano violated the Court ruling, which directed the DAR to segregate, among other ...

SC to DAR: Explain Luisita land distribution
Philstar - 2017-05-11
In a resolution issued on May 3, the high court gave the DAR a non-extendible period of 10 days to submit its answer to the motion for contempt filed by the Rizal Commercial Banking Corp. (RCBC) last month. Also covered by the order is the Alyansa ng mga ...

Ascott expands Philippines presence with first property in north
Philstar - 2017-05-11
Citadines Millennium Ortigas Manila is the company's seventh property in the Philippines and is the second joint venture with local property developer CDC Holdings Inc. The two companies ... as it was built to conform to global environmental specifications ...

Biz Buzz: Rising son
Inquirer - 2017-05-11
Doris Dumlao-Abadilla Closer to Viet IPO Homegrown fast-food giant Jollibee Foods Corp., now among the leading fast-food companies in the world, has pared its stake in the Vietnam business under SuperFoods Group from 50 percent to 40 percent to pave the ...

Ayala Corp earns 20% more in Q1
Philstar - 2017-05-11
Ayala president and COO Fernando Zobel de Ayala said the company continues to search for value-accretive opportunities not only to create new sources of financial growth but also to remain relevant to its stakeholders. "As our core businesses maintain ...

SM Investments clears P7.7 B in Q1
Philstar - 2017-05-11
SM Prime Holdings reported a 13 percent growth in net income to P6.6 billion as consolidated revenues rose 12 percent to P20.5 billion. The Commercial Properties Group registered P749 million in revenues or four percent of the total. Revenues from hotels ...

Government to develop Clark airport via hybrid mode
BusinessMirror. - 2017-05-11
Filinvest Development Corp. and JG Summit Holdings Inc. submitted their proposals to the transportation department last year, offering to build a P187-billion airport with an initial capacity of 8 million passengers annually. Its proposal, based on the ...

Market rebounds; Petron climbs
thestandard.com.ph - 2017-05-11
Property developer Ayala Land Inc. went up 2.1 percent to P39.40. Food manufacturer Universal Robina Corp. fell 3.7 percent to P167.50, while sister company Robinsons Land Corp. tumbled 4.4 percent to P23.95, after the two units of JG Summit Holdings Inc ...

Ayala Corp. income surged 20% to P6.9 billion in January-March
BusinessMirror. - 2017-05-11
In particular, our power, infrastructure and industrial-technologies units are pursuing strategic opportunities to scale up and over time bring significant value to our portfolio," Ayala President and COO Fernando Zobel de Ayala said. Property developer ...

Residential, rental sales lifted Megaworld income in Q1
BusinessMirror. - 2017-05-11
Consolidated revenues of the property development arm of businessman Andrew Tan, which includes Global-Estate Resorts Inc., Empire East Land Holdings Inc. and Suntrust Properties Inc., amounted to P12 billion for the period, up 5 percent, from P11.5 ...

8990 income fell 29% in Q1 on slower sales and permit delays
BusinessMirror. - 2017-05-11
MASS-HOUSING builder 8990 Holdings Inc. said its income dipped 29 percent to P736 million in the first three months of the year, from P1 billion last year, due to lower-than-expected sales and delays in the processing of new project permits. Gross revenues ...

Ayala earned P6.9b in Q1
thestandard.com.ph - 2017-05-11
Conglomerate Ayala Corp. said Thursday net income expanded 20 percent in the first quarter to P6.9 billion from a year ago, driven by the robust results of banking and real estate businesses and solid earnings from emerging business in power and industrial ...

Air-conditioning firm chooses revolutionary platform and methodology
thestandard.com.ph - 2017-05-11
Concepcion Industrial Corporation (CIC), industry leader in air-conditioning and refrigeration for over 50 years, has enlisted BackOffice Associates and Fasttrack Solutions Inc. as it migrates from BaaN to SAP S/4 HANA to improve core business operations.

Market rebounds; Petron climbs
thestandard.com.ph - 2017-05-11
Food manufacturer Universal Robina Corp. fell 3.7 percent to P167.50, while sister company Robinsons Land Corp. tumbled 4.4 percent to P23.95, after the two units of JG Summit Holdings Inc. reported lower profits in the first quarter. Robinsons Land said ...

Man arrested for using fake credit card to buy phone in Mandaluyong
Philippine Daily Inquirer - 2017-05-11
Recovered from his possession were Samsung Duo S and sim card, PLDT ID Card bearing the name, and a credit card under the name of the legitimate owner. The cellphone recovered from the suspect was submitted for digital forensic examination. Lucena and ...

People & Events
Visayan Daily Star - 2017-05-11
Other event participants are Auto Elite Corporation; BW Auto Parts; Centerline Car Audio & Accessories; Citibank; Ford Motors Negros; Harley-Davidson of Cebu; Ironman 4x4 Philippines; Golden River; Metrobank Card Corporation; RM Southern Trading ...

Is an Open Marriage a Happier Marriage?
New York Times - 2017-05-11
Cherlin, a sociologist at Johns Hopkins University, argues that Americans ... most conservatives would perceive the concept as a degradation of marriage, of a key foundation of society. But even among progressives I talked to, the subject typically ...

Meralco customers to get refund in June
BusinessMirror. - 2017-05-11
THE Manila Electric Co. (Meralco) said on Wednesday it would most likely implement next month an impending regulatory order on its application to refund consumers nearly P7 billion worth of over-recoveries incurred from 2014 to 2016. "We would have to ...

Sarangani Energy Corp. signs P10.5-B loan with local banks
BusinessMirror. - 2017-05-11
THE Sarangani Energy Corp. (SEC), a subsidiary of Alsons Consolidated Resources Inc. (ACR), signed a P10.5-billion syndicated loan with a consortium of local banks. Proceeds of the loan will be used to finance ongoing construction of the second 105 ...

Appointments that drew a thumbs-up and a question mark
BusinessMirror. - 2017-05-11
Diwa C. Guinigundo, former Trade Secretary Peter Favila and East-West Bank President Antonio Moncupa Jr. Espenilla joined the BSP in 1981, after graduating magna cum laude from the University of the Philippines with a business economics degree and Masters ...

EDC may borrow P2B more to refinance debts
BusinessMirror. - 2017-05-11
This, it added, is part of its "liability management exercise" so it can improve debt profile. EDC also borrowed P3.5 billion from Union Bank of the Philippines to refinance existing loans. The facility was a fixed, 15-year amortizing loan. EDC Chief ...

Davao bizman to build $300M casino in Cebu
Philstar - 2017-05-10
Uy, also president and CEO of Davao-based Phoenix Petroleum Philippines, was one of the campaign contributors to President Duterte's during the election last year. Lapu-Lapu Leisure Mactan will feature iconic modern buildings; a skydiving center on a pier ...

Sarangani Energy Corp. signs P10.5-B loan with local banks
BusinessMirror - 2017-05-10
THE Sarangani Energy Corp. (SEC), a subsidiary of Alsons ... (AUB), Rizal Commercial Banking Corp. (RCBC), United Coconut Planters Bank (UCPB), Philippine Business Bank, China Bank Savings and Robinsons Bank Corp. BDO Capital and Investment Corp., RCBC ...

GT Capital gears up for rapid expansion
Philstar - 2017-05-10
MANILA, Philippines - GT Capital has committed to continuously grow its businesses as it reaps the benefits of its strategic move to shift to infrastructure from power generation as well as the consolidation of its life and non-life insurance businesses.

BSP slates confab on May 16
Philstar - 2017-05-10
Introduction to hedging with a focus on managing foreign exchange risk will be done by Raul Victor de Guzman, first vice president at Philippine Bank of Communications and Ricardo Pedrosa, head of client solutions division at Metrobank. An official from ...

For "Best Practices": Two Mandaue schools receive SEED awards
Philstar - 2017-05-10
Also, Asturias Central Elementary School and Jovencio N. Masong National High School received P100,000 and P200,000, respectively, from Vivant Foundation to help them improve their Science, Technology, Engineering, and Mathematics (STEM) programs.

Globe raising P20 B for capex
Philstar - 2017-05-10
MANILA, Philippines - Ayala-led Globe Telecom Inc. is planning to raise up to P20 billion either through a bank loan or issuance of retail bonds within the year to support capital expenditures and prepare for requirements next year. Globe chief financial ...

Bayad Center now accepts SSS payments from employers
news.pia.gov.ph - 2017-05-10
There are 14 Bayad Center branches located in the National Capital Region (NCR) that are ready to accept employer payments, namely: Ever Commonwealth; East Gate 2 Meralco Complex, Ortigas City; Brgy. Gulod and Sauyo Novaliches City; Lakefront, Poblacion ...

CADIZ, Dante Miguel V.
ateneo.edu - 2017-05-10
He taught at UST Faculty of Civil Law, La Salle-FEU Joint MBA-JD Program, a MCLE Lecturer and a Bar Reviewer. He was former Dean of Manuel S. Enverga University College of Law and a Member of its Board of Trustees. He worked for ACCRA Law, Romulo Law ...

Semirara posts 52% growth in net profit
thestandard.com.ph - 2017-05-10
Semirara Mining and Power Corp. said Wednesday net income jumped 52 percent in the first quarter to P4.42 billion from P2.91 billion in the same period last year. Semirara said in a disclosure to the stock exchange that net of eliminations, coal and power ...

Espenilla wants stronger measure vs dirty money
thestandard.com.ph - 2017-05-10
Philippine National Bank executive vice president Horacio Cebrero said among the equally qualified candidates for the BSP top post, Espenilla would provide continuity for the excellent monetary policies that was put into place by Tetangco. "That is ...

People & Events
Visayan Daily Star - 2017-05-10
Around 200 pensioners from Barangay Banago, Bacolod City, availed of free medical check-ups during the Pensioners' Day of the Social Security System Friday ... free random blood sugar test, Corbridge Group Philippines for free foot Doppler, Eye Crafter ...

BLOOMBERRY RESORTS CORP
Economic Times - 2017-05-10
ONGC and Oil India Ltd as well as gas utility GAIL were in past asked to bear between one-third to half of the under-recovery fuel retailers incurred on selling LPG and kerosene below market rate.

The Courtyards by Ayala Land Premier
www.dotproperty.com.ph - 2017-05-09
There are numerous amenities & facilities in The Courtyards by Ayala Land Premier including and Swimming Pool. The Courtyards by Ayala Land Premier at Imus, Cavite has the following facilities: swimming pool.

House for sale in Guimba, Nueva Ecija
www.dotproperty.com.ph - 2017-05-09
(Laguna), STI College (Carmona), Colegio San Agustin. Banks - BPI, China Bank, Metro Bank, Allied Bank, BDO, Land Bank, etc. Resorts/Restaurants - Splash Island, Barrio Fiesta, (Carmona), Southwood Manor, (Golf & hotel restaurant), 30-45mins drive to ...

First Gen studies 35% stake in LNG terminal
thestandard.com.ph - 2017-05-09
First Gen Corp. is open to taking 30-percent to 35-percent stake in the planned first liquefied natural gas terminal in the country, an executive said Tuesday. First Gen president and chief operating officer Francis Giles Puno said the company remained ...

First Gen studies 35% stake in LNG terminal
thestandard.com.ph - 2017-05-09
First Gen Corp. is open to taking 30-percent to 35-percent stake in the planned first liquefied natural gas terminal in the country, an executive said Tuesday. First Gen president and chief operating officer Francis Giles Puno said the company remained ...

Global Estate sees higher Boracay sales
thestandard.com.ph - 2017-05-09
Global Estate Resorts Inc., a unit of property developer Megaworld Corp., said it expects to generate P1.8 billion in sales from its second residential development within the 150-hectare Boracay Newcoast in Boracay Island. Global Estate said in a ...

Biz Buzz: Interviewed... and hired on the spot
Inquirer - 2017-05-09
Asked if he felt any pressure as he will succeed Tetangco -- a multiawarded central banker--Espenilla said there was ... a structure once known as the Nauru Building because it was built by the Republic of Nauru with proceeds from the island nation ...

Crown Resorts Sells Remaining Melco Stake In $987M Deal
Law 360 - 2017-05-09
It comes about five months after Crown Resorts last cut its stake in Melco, which operates casinos in Macau and the Philippines, and it will see the Australian company sell the entirety of its remaining 11.2 percent stake. Under the terms of the repurchase ...

Meralco to roll back rates by P.29/kwh
Philstar - 2017-05-09
The overall rate for the month is P9.60 per kwh, down from P9.89 last month. File MANILA, Philippines - Customers of Manila Electric Co. (Meralco) will see a P0.29 per kilowatt-hour (kwh) reduction in their May electricity bills, dragged down mainly by ...