DMCI eyes property venture with NTT DoCoMo
thestandard.com.ph - 2017-05-12
DMCI Holdings Inc. of the Consunji Group is in talks with NTT DoCoMo of Japan for a possible joint venture in property development in the Philippines. DMCI Holdings president Isidro Consunji said in an interview NTT DoComo was interested in taking a 30 ...

DMCI eyes property venture with NTT DoCoMo
thestandard.com.ph - 2017-05-12
DMCI Holdings Inc. of the Consunji Group is in talks with NTT DoCoMo of Japan for a possible joint venture in property development in the Philippines. DMCI Holdings president Isidro Consunji said in an interview NTT DoComo was interested in taking a 30 ...

LT Group registers P2.2b in net profit
thestandard.com.ph - 2017-05-12
LT Group Inc., the listed holding company of tycoon Lucio Tan, said first-quarter net income barely moved at P2.25 billion from P2.23 billion in the same period last year on lower contribution from its beer business. LT Group said in a disclosure to the ...

LT Group registers P2.2b in net profit
thestandard.com.ph - 2017-05-12
LT Group Inc., the listed holding company of tycoon Lucio Tan, said first-quarter net income barely moved at P2.25 billion from P2.23 billion in the same period last year on lower contribution from its beer business. LT Group said in a disclosure to the ...

Protests vs continued coal use greet new DENR leadership
Philippine Daily Inquirer - 2017-05-12
But the conglomerate San Miguel Corporation, which operates coal plants through the San Miguel Corp.-Consolidated Power Corp. and Petron Corp., maintains there is no proof linking coal plants to their illnesses. However, Derek Cabe, coordinator of NFBM and ...

U.S. Reaches Energy, Finance, and Agriculture Trade Agreement With China
Inc. - 2017-05-12
Among other things, the deal enables U.S. companies to export liquefied natural gas to China ... Ross told reporters Thursday evening at the White House. In Beijing, Vice Finance Minister Zhu Guangyao told reporters the early results of the agreement ...

PLDT on track to hit core income target
Philstar - 2017-05-12
MANILA, Philippines - PLDT Inc. is on track to meet the P21.5-billion guidance this year even as recurring core income declined 26 percent in the first quarter from a year ago, with recovery seen in the succeeding quarters. In a press briefing yesterday ...

8990 income drops 29% to P736 M
Philstar - 2017-05-12
MANILA, Philippines - Mass housing developer 8990 Holdings Inc. reported a 29-percent decline in its net income to P736 million in the first three months of the year due to delays in securing project permits. Gross revenues dropped 26 percent to P1.6 billion.

Jollibee income slightly up in Q1
Philstar - 2017-05-12
MANILA, Philippines - Jollibee Foods Corp. reported a net income of P1.47 billion in the first quarter of the year, up 2.9 percent on higher revenues. Revenues rose 12.2 percent to P29.29 billion as systemwide retail sales also grew 12.2 percent to P38.53 ...

Save Palawan from power woes, Duterte urged
Philippine Daily Inquirer - 2017-05-12
The group blamed DMCI Power Corp. for the power shortage, noting that the company had been unable to fulfill its obligations since bagging the contract with Paleco. DMCI Power in 2012 entered into a contract with Paleco to put up a coal-fired power plant.

Shift of attention
Philstar - 2017-05-12
ESSENCE By Ligaya Rabago-Visaya (The Freeman) | Updated May 13, 2017 - 12:00am Ever since, the attention has always been on "Imperial Manila"; this is ... given the equal access and opportunity to resources. Hopefully this would end the discrimination ...

EVO CITY | Ayala Land envisions next central business district south of Metro Manila
interaksyon.com - 2017-05-12
An aerial view of the planned Evo City in Kawit, Cavite. Image courtesy of Ayala Land. MANILA - A central business district will rise in Kawit, Cavite, with a BPO, a residential subdivision, a mall, a hotel, a school, a hospital, a church, a plaza, and ...

DMCI eyes property venture with NTT DoCoMo
thestandard.com.ph - 2017-05-12
DMCI Holdings Inc. of the Consunji Group is in talks with NTT DoCoMo of Japan for a possible joint venture in property development in the Philippines. DMCI Holdings president Isidro Consunji said in an interview NTT DoComo was interested in taking a 30 ...

EastWest sees 2017 profit surging 25%
thestandard.com.ph - 2017-05-12
EAST West Banking Corp., the financial subsidiary of the Filinvest Group, said Friday a 25-percent increase in net income this year is realistic after posting a remarkable growth in the first quarter. EastWest said net income in the first quarter of 2017 ...

Market closes flat; ICTSI climbs
thestandard.com.ph - 2017-05-12
The Philippine Stock Exchange index, the 30-company benchmark, closed flat at 7,815.53 ... Container Terminal Services Inc. which gained 3.4 percent to P96.80. Metropolitan Bank & Trust Co. added 2.8 percent to finish at P86.90. Meanwhile, global stocks ...

Eagle sets IPO price of P15/share
thestandard.com.ph - 2017-05-12
Eagle appointed China Bank Capital Corp., Philippine National Bank Capital and Investment Corp. and SB Capital Investment Corp. as joint issue managers, joint lead underwriters and joint bookrunners for the IPO.

Cebu grad ranks 6th in Civil Engineering exam
Sun Star - 2017-05-12
Villadolid is the only graduate from Cebu who made it to the top 10. Hisham Adiong Sacar from Far Eastern University (FEU) - Institue of Technology (former FEU-East Asia College) got the first spot with a rating of 94.60 percent. The Professional ...

Metro Retail rides growth momentum
Philstar - 2017-05-12
In 2016, MRSGI inaugurated four stores, expanding its total gross floor area (GFA) to 440,000 square meters, and strengthened its partnerships with top developers such as Ayala Land Inc. "Our expansion and partnerships enable MRSGI to consistently grow ...

Megaworld profit grows 11% in Q1
Philstar - 2017-05-12
Consolidated revenues, which include subsidiary brands Global-Estate Resorts, Empire East Land Holdings and Suntrust Properties, amounted to P12 billion, up five percent. The residential business, comprising condominiums and villages, remained steady and ...

Jollibee nets P1.53B
Inquirer - 2017-05-12
Homegrown fast-food giant Jollibee Foods Corp. booked a 9.6-percent year-on-year growth in first quarter net profit to P1.53 billion as the company hiked its stake in Mang Inasal while growing overall sales at a double-digit pace. System-wide retail sales ...

FULL LIST: FEU grad leads 2,514 passers of May 2017 Civil Engineering exam
Philippine Daily Inquirer - 2017-05-12
A total of 2,514 applicants from 6,998 takers passed the May 2017 Civil Engineering Licensure exam administered in different cities around the country. Far Eastern University Institute of Technology graduate Hisham Adiong Sacar topped the exam with a score ...

EVO CITY | Ayala Land envisions next central business district south of Metro Manila
InterAksyon - 2017-05-12
MANILA - A central business district will rise in Kawit, Cavite, with a BPO, a residential subdivision, a mall, a hotel, a school, a hospital, a church, a plaza, and parks. On Thursday, Ayala Land, Inc. announced its vision for "Evo City", a mixed ...

Stocks stay in positive territory
Philstar - 2017-05-12
Among the major capital raising activities during the first quarter were the initial public offering of Wilcon Depot Inc. and the stock rights offering of BDO Unibank Inc. Trading activity registered a daily average value turnover of P6.82 billion ...

Cityland Manila Residences DLSU for Rent
www.olx.ph - 2017-05-12
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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 ...