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 ...

Sarangani Energy Corp. signs P10.5-B loan with local banks
BusinessMirror - 2017-05-10
comprised of BDO Universal Bank (BDO), Asia United Bank (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 Capital ...

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 ...

Metro Retail eyes 7 additional stores
Philstar - 2017-05-09
MANILA, Philippines - Gaisano-led Metro Retail Stores Group Inc.(MRSGI) is spending P10 billion for the construction of seven new stores this year in line with its goal to double its gross floor area (GFA) by 2020. In a disclosure to the Philippine Stock ...

Huawei is ready for its close-up
BusinessMirror. - 2017-05-09
Our revenue last year was $1 billion from North America alone. In America there are many operators compared to the Philippines, with only Globe Telecom and Smart Communications, very few. How was Huawei able to overcome the early challenges compared to ...

PHL launches new campaign to boost Taiwanese arrivals
BusinessMirror. - 2017-05-09
There are five airlines servicing these routes between Taiwan and Philippine: Philippine Airlines Cebu Pacific (CEB), AirAsia, Eva Airlines and China Airlines (CAL). "For their island holidays, Boracay is one of their top choices. It is easy for us to ...

Duterte's old soldier seeks middle path to settle Philippine mining malaise
Daily News and Analysis - 2017-05-09
[nL4N1IA2XG] Dante Bravo, president of nickel ore miner Global Ferronickel Holdings Inc , said Duterte may have picked Cimatu because he was a military man and could be "an effective enforcer" against environmental violations. (This article has not ...

Gokongwei Group infuses fund in e-commerce company
thestandard.com.ph - 2017-05-09
JG Summit Holdings Inc., the holding company of the Gokongwei family, joined five other Asian and American investors that infused $550 million in electronic commerce company Sea Limited. Sea Limited, formerly Garena Interactive Holding Limited which is ...

Market retreats; ICTSI advances
thestandard.com.ph - 2017-05-09
led by Philippine Realty & Holdings Corp. which jumped 15.1 percent to P0.84. Port operator International Container Terminal Services Inc. advanced 2.1 percent to P92, after reporting a 28-percent growth in first-quarter profit. GT Capital Holdings Inc ...

Meralco rates down in May
thestandard.com.ph - 2017-05-09
Power rates of Manila Electric Co., the biggest retailer of electricity, fell by P0.29 per kilowatt-hour in May due to lower generation charges. Meralco said in a statement the overall rates for a typical residential household now stood at P9.60 per kWh ...

First Gen keen on acquiring 35% equity in proposed LNG plant
BusinessMirror. - 2017-05-09
THE Lopez-led First Gen Corp. is keen on taking in a 30-percent to 35-percent equity interest in a liquefied natural gas (LNG) project, in which the government, through the Philippine National Oil Co. (PNOC), will also be part of. "On the equity front ...

Geri to build P1.8-billion low-rise residential condo in Boracay
BusinessMirror. - 2017-05-09
AFTER the brisk sales of its first residential condominium cluster in Boracay, Global-Estate Resorts Inc. (Geri) said it is launching another residential condominium property in the 150-hectare tourism estate in the northeastern part of the island.

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 ...

Petron nets record P5.6 B in Q1
Philstar - 2017-05-09
MANILA, Philippines - Petron Corp. registered a net income of P5.6 billion in the first quarter of 2017, its highest quarterly income, as it focused on profitable segments and network expansion both here and abroad. The first quarter income was also double ...

3 tourist-friendly provinces that will teach us about water this summer
Philstar - 2017-05-09
MANILA, Philippines ... Indigenous Development Foundation Inc. (AIDFI), the non-profit organization that invented the award-winning hydraulic rampump. This technology harnesses the power of underground falling water to pump water up and distribute ...

Easycall Communications Philippines Inc (ECP)
investing.com - 2017-05-09
Get an in-depth profile of Easycall Communications Philippines Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. Easycall Communications Philippines, Inc ...

Roy replaces Gina; insider takes CB post
thestandard.com.ph - 2017-05-09
Espenilla graduated cum laude from the University of the Philippines School of Economics ... for the release of the Filipino workers who were kidnapped in Iraq. With Sandy Araneta

Roy replaces Gina; insider takes CB post
thestandard.com.ph - 2017-05-09
Others were Deputy Governor for Monetary Stability Sector Diwa Guinigundo, former Monetary Board member Peter Favila, and East West Bank vice chairman Antonio Moncupa Jr. Espenilla will succeed Tetangco, who will end his second six-year term on July 2.

Sy-Coson pitches Philippines for business
Philstar - 2017-05-08
YOKOHAMA - The world may be befuddled by Philippine politics and President Duterte, but the country is a good place for doing business. Take it from one of the most successful businesspersons in the country, Teresita Sy-Coson, whose family owns the SM ...

Telco issue: Is PCC competing with DICT and NTC?
Philstar - 2017-05-08
While this is too good to be true, it has not yet been carried! As that report pointed out, "Local telcos Globe Telecom and Smart Communications have argued that their deployment of cellsites around the country has been hampered by the 25 permits that ...

Century Properties reclassifies 3 billion unissued common shares into preferred stocks
BusinessMirror. - 2017-05-08
PROPERTY developer Century Properties Group Inc. on Monday said it is reclassifying 3 billion of its unissued common shares into preferred shares as part or its fund-raising activity. The company said in its disclosure to the Philippine Stock Exchange (PSE ...

Century Properties reclassifies 3 billion unissued common shares into preferred stocks
BusinessMirror. - 2017-05-08
PROPERTY developer Century Properties Group Inc. on Monday said it is reclassifying 3 billion of its unissued common shares into preferred shares as part or its fund-raising activity. The company said in its disclosure to the Philippine Stock Exchange (PSE ...

The next BSP governor
thestandard.com.ph - 2017-05-08
Favila was former president of the Bankers Association of the Philippines and member of the Monetary Board. Moncupa is East-West Bank president. All of them are competent and qualified. This is also probably why the President is having a difficult time ...

Ms. Gina Lopez: Uneducated biases must end
Philstar - 2017-05-08
For one, to say that mining communities are among the poorest in the country is downright false. As Cebuanos, we are living witnesses of how the families in the immediate environs (in Toledo City) of the then prosperous Atlas Consolidated Mining and ...

PH stocks rally to 7,900 on robust Q1 earnings, Macron win
Inquirer - 2017-05-08
Tycoon Andrew Tan-led Megaworld Corp. and AGI gained 4.29 percent and 3.09 percent, respectively. GT Capital, SM Prime and PLDT all went up by over 2 percent while Ayala Corp. and JG Summit both gained over 1 percent. SM Investments, BDO, Security Bank ...

Ginebra launches Ganado Classics Jersey Collection
thestandard.com.ph - 2017-05-08
AS Ginebra San Miguel Inc. celebrates the 30th year of the "Never Say Die" spirit, the company launched the Ganado Classics: 3-Decade Jersey Collection promo recently at the PBA Cafe, Metrowalk, Pasig City. In partnership with the most well-known ...