Proposed Mandaue reclamation project hits snag
Philstar - 2017-05-03
GlobalPort 900 Incorporated, through holding firm Sultan 900, reportedly invested at least P9 billion to put up a global city in Mandaue that would include a port complex, a mixed-use residential and a commercial center as well as a casino and ...

Semirara allocates P5 billion to add coal production capacity
m.bworldonline.com - 2017-05-03
SEMIRARA Mining and Power Corp. (SMPC) has earmarked a total of P5 billion for the next two years to expand its existing mining infrastructure as the Consunji-led coal miner aims to maximize its allowed production capacity to 16 million metric tons (MT ...

Semirara allots P5b for expansion
thestandard.com.ph - 2017-05-02
Semirara Mining and Power Corp. is allocating P5 billion to increase the production capacity of its Antique coal mines to a maximum of 16 million metric tons in the next two to three years, its top official said Tuesday. "We got permission to do 16 ...

Italpinas bares P1-b share sale
thestandard.com.ph - 2017-05-02
Green building developer Italpinas Development Corp. plans to issue preferred shares that can raise up to P1 billion in proceeds to finance landbanking activities and pay debt. Italpinas chairman and chief executive Romulo Nati said in a news briefing the ...

Italpinas bares P1-b share sale
thestandard.com.ph - 2017-05-02
Green building developer Italpinas Development Corp. plans to issue preferred shares that can raise up to P1 billion in proceeds to finance landbanking activities and pay debt. Italpinas chairman and chief executive Romulo Nati said in a news briefing the ...

Peso depreciates to 49.99 per dollar
thestandard.com.ph - 2017-05-02
The last time the peso settled beyond the 50-level was on April 7, 2017 when it closed at 50.08. East West Bank president and chief executive Antonio Moncupa Jr. said it appeared the peso "is affected by the prospects of expected more robust US growth as ...

Peso depreciates to 49.99 per dollar
thestandard.com.ph - 2017-05-02
The last time the peso settled beyond the 50-level was on April 7, 2017 when it closed at 50.08. East West Bank president and chief executive Antonio Moncupa Jr. said it appeared the peso "is affected by the prospects of expected more robust US growth as ...

Shootout looms as ICTSI Luisita unwraps
Philstar - 2017-05-02
TARLAC, Philippines - The $60,000 ICTSI Luisita Championship unwraps today with a promise of an early shootout among an elite international field headed by local aces Tony Lascuña and Miguel Tabuena and their foreign counterparts led by Steve Lewton ...

Pure Energy starts construction of Quezon mini-hydro facilities
Philstar - 2017-05-02
After these two mini-hydropower plants, REDC will be groundbreaking its three-MW Lalawinan run-of-river hydropower plant with joint venture partner Manila Electric Co. (Meralco) within the month. The Lalawinan project, which is its second project with ...

Shootout looms in ICTSI golf
thestandard.com.ph - 2017-05-02
I think I have the edge because I am so familiar with the course," said Tabuena, who won the CAT (Central Azucarera de Tarlac) Open here then clinched his first Phl Open championship both in 2015. The 22-year-old shotmaker, who will play alongside Jay ...

Genesee & Wyoming (GWR) Q1 2017 Results - Earnings Call Transcript
Seeking Alpha - 2017-05-02
I mean I think, in a perfect world, the broader tax reform would be tremendously beneficial to us. And we would - so we're eager to see some variation of some plans be implemented, because we're an asset-intensive business. Most variations of those plans ...

Security Bank earns P2.8 billion in Q1
The Daily Tribune - 2017-05-02
Security Bank Corp. (SECB) posted P2.8 billion in net income in the first quarter of 2017. Net interest income increased 27 percent to P4.4 billion from P3.5 billion a year ago, which more than offset the decrease in non-interest income. Non-interest ...

Condo for sale in San Isidro, Isabela
www.dotproperty.com.ph - 2017-05-02
500 meters away from Duterte Street Highway thru Forest Hills. The area is very accessible to: o Schools - Evangelical Theological College, Emmanuel College ... Churches - Living Word Christian Ministries - Church of Nazarene - Baptist Church - Alliance ...

Globe takes part in agreement to extend AT&T & Bridge Alliance
Inquirer - 2017-05-02
As a member of Bridge Alliance, Globe Telecom recently took part in a long-term agreement between the group and AT&T to help extend their global connected car leadership to new territories. Bridge Alliance is a leading group of mobile carriers in Asia ...

Market rebounds; Puregold rises
thestandard.com.ph - 2017-05-02
SM Prime Holdings Inc. gained 3 percent to P30.70. Meanwhile, most Asian markets traded higher Tuesday as investors focused on earnings that have helped power global stocks to a record, with tech shares outperforming. Equities have also rallied since ...

Telco supports local indigenous communities and weavers at Mindanao Tapestry event
thestandard.com.ph - 2017-05-02
Globe Telecom lent its support to Mindanao Tapestry, a modern ethnic fashion show presented by Mode Devi that showcased the talents of Filipinos through fashion, music, and dance. It highlighted the major weaves of the island and gave recognition to the ar ...

Expresspay readies IPO to raise P528m
thestandard.com.ph - 2017-05-02
The company will list its shares under the small, medium and emerging board of the Philippine Stock Exchange. Post IPO, ExpressPay will have a public float of 26 percent. Unicapital Inc. is the sole issue manager and underwriter for this IPO. Offer period ...

7-Eleven to open 412 new stores this year, allots P4 billion for nationwide expansion
BusinessMirror. - 2017-05-02
Aiming to tap more business growth prospects in various regional markets in the country, world-renowned convenience store chain giant 7-Eleven announces its aggressive expansion campaign with the opening of 412 new stores across the country this year.

SMC plans bus rapid transit along Skyway
thestandard.com.ph - 2017-05-02
We will put a landing station everywhere. So, imagine from Susana Heights going to Balintawak, you can ride a bus just like a train," San Miguel president and chief operating officer Ramon Ang said. Ang said the plan was to use electric buses for the pro ...

Globe mum on minimum speeds of its Internet plans
BusinessMirror. - 2017-05-02
I was forced to write him because the different Globe sources are in disagreement on the matter. The Globe Telecom official Facebook account said I should have at least 60 percent of the advertised speed. Their official e-mail feedback address talk@globe ...

Life Underwriters Association of the Philippines
BusinessMirror. - 2017-05-02
Its membership comes from renowned life-insurance companies such as Sun Life of Canada, Pru Life UK, Philam Life, Insular Life, Manulife ... Philippines. It sponsors other learning activities, such as the LUAP Sales Mastery Series, the Fellow Chartered ...

Robredo's critics ask lawmakers to endorse impeachment complaint
Rappler - 2017-05-02
The irresponsibility and recklessness, for me, is unforgivable," said Rivera. He also claimed that Robredo misdeclared her Meralco shares in her Statement of Assets, Liabilities, and Net Worth. "We looked at her Statement of Assets, Liabilities ...

Po family buys Hunt's license from Gokongweis
Rappler - 2017-05-02
a North American giant packaged food company. Po family-led Century Pacific said it will buy the rights to manufacture, sell, and distribute Hunt's branded products in the Philippines, which include pork & beans, tomato-based spaghetti sauce, tomato sauce ...

Security Bank posts P2.8-billion Q1 profit on healthy loan, deposit growth
BusinessMirror. - 2017-05-02
Security Bank Corp. posted P2.8 billion in net income in the first quarter of 2017. Net interest income increased 27 percent to P4.4 billion, from P3.5 billion a year ago, which more than offset the decrease in noninterest income. Noninterest income ...

Talk Beijing into trade if not sea row, ASEAN told
BusinessWorld Online - 2017-05-02
Homegrown companies such as San Miguel Corp., Jollibee Foods Corp. and Gokongwei-led firms Universal Robina Corp. and Cebu Air, Inc. have made inroads in the region to diversify their revenue sources even before efforts to integrate the ASEAN-member ...

More companies seen to tap debt market in next 2 months
BusinessWorld Online - 2017-05-02
The issuers were San Miguel Corp., Ayala Corp. Megaworld Corp., STI Education Services Group., Philippine Savings Bank, and East West Banking Corp. Cyberzone Properties, Inc., DoubleDragon Properties Corp., Aboitiz Power Corp. and Globe Telecom ...

Inflation bets point to still steady monetary tack
BusinessWorld Online - 2017-05-02
The Philippine Statistics Authority will report April inflation data on Friday. Inflation averaged at 3.2% for the first three months of the year. Mitzie Irene P. Conchada, economics professor at the De La Salle University, said the higher prices of pork ...

Japan offers to share advanced coal-power technology with ASEAN
BusinessWorld Online - 2017-05-02
"In Japan, we have no so strong opposition to coal," Naoto Masuyama, president of Japanese coal advocacy group Japan Coal Energy Center (J-Coal), told Philippine journalists in a study tour of his country on the latest in coal technology. Mr. Masuyama ...

Can Ralph Lauren Make a Comeback?
Investopedia - 2017-05-01
New York City-based high-end clothing brand Ralph Lauren Corp. (RL) saw its stock fall to a three-year ... Yet as other apparel, footwear and accessory makers develop next-gen in-store shopping experiences, investors may have hoped Ralph Lauren could ...

SMC plans bus rapid transit along Skyway
thestandard.com.ph - 2017-05-01
SMHC and PNCC signed an agreement last week to jointly undertake the expansion of toll roads under their existing joint venture worth P554 billion. The expanded road network will include extension of the Metro Manila Skyway Stage 3 project and the Metro ...

SMC plans bus rapid transit along Skyway
thestandard.com.ph - 2017-05-01
SMHC and PNCC signed an agreement last week to jointly undertake the expansion of toll roads under their existing joint venture worth P554 billion. The expanded road network will include extension of the Metro Manila Skyway Stage 3 project and the Metro ...

STI allots P6 billion to build 8 new campuses
BusinessMirror. - 2017-05-01
"The location of the property is very nice; it just needs the best use." Tanco earlier signed an agreement with Ayala Land Inc. to develop the JASMS property, which will have its own shopping mall and a school, among other features of a mixed-use ...

CLI expects PSE nod for maiden share sale
Philstar - 2017-05-01
It currently accounts for the second largest market share or 11 percent of the total supply of residential condominiums in Metro Cebu, only second to property giant Ayala Land. Earlier, Wilcon Depot Inc. had the first IPO this year, raising as much as P7 ...

Luym scion opposes coal power plant
Philstar - 2017-05-01
"Our clients strongly maintain that (LPC) cannot validly operate a power plant on LLC (Ludo and Luym Corporation) properties because ... Amanda Ysabelle Aboitiz, Barbara Ann Lu Young and Ferdinand Ludo for an alleged illegal and fraudulent use of LLC ...

Fil-Brit beauty crowned Miss Universe Philippines
Philstar - 2017-05-01
graduated with a degree in Business, Tourism and Events from La Trobe University in Australia and completed her International Baccalaureate at the British School in Phuket, Thailand. In 2014, Peters was crowned 4th Princess in the Miss World Philippines ...

Oil prices rolled back today
Philstar - 2017-05-01
In separate advisories, Flying V and SeaOil Philippines Inc. said similar price reductions were also implemented today at 12:01 a.m. Eastern Petroleum Corp., Phoenix Petroleum Philippines Inc. and PTT Philippines Corp. said gasoline and diesel prices were ...

The future of labor
Philstar - 2017-05-01
Who pays for the worker's social security, housing benefits ... with the same rights under the law on labor relations to protect the rights and welfare of group members? On the other hand, Cristina, a BPO worker, sees a positive difference in her job ...

SMC eyes BRT system
Philstar - 2017-05-01
SMC president and chief operating officer Ramon Ang told reporters his company is considering the possibility of building a BRT system that would run along the Metro Manila Skyway from Susana Heights to Balintawak. "We will prepare landing station ...

PNB sees robust profit growth, sets P3.5 B capex
Philstar - 2017-05-01
MANILA, Philippines - Listed Philippine National Bank (PNB) expects to maintain its strong profit growth this year amid the challenges that include the normalization of interest rates in the US and geopolitical concerns. PNB executive vice president and ...

A fine day for science
Inquirer Opinion - 2017-05-01
Last Earth Day saw thousands of people from various countries, including the Philippines, marching in protest ... there is sufficient focus on science and not enough on the liberal arts, or brush-offs saying that science is too far a concern when we ...

SMDC readies move to expand to Asean
thestandard.com.ph - 2017-05-01
SM Development Corp., the residential unit of property developer SM Prime Holdings Inc., said it began sending people to study Vietnam, Myanmar and Thailand as a part of its Asean expansion. SMDC executive vice president Jose Mari Banzon said the company ...

Filinvest allots P40B for capex this year
Inquirer - 2017-05-01
... FDC Hotels Corp., the subsidiaries of the conglomerate include FilArchipelago Hospitality Inc.; Seascapes Resorts Inc.; East West Banking Corp.; Pacific Sugar Holdings Corp.; FDC Utilities Inc., and Countrywide Water Service Inc. On the hotel business ...

SC seeks compliance reports on Clean Water Act
Philippine Daily Inquirer - 2017-05-01
The 15-member tribunal also ordered private water concessionaires Maynilad Water Services and Manila Water Company Inc. to present a list of areas they were currently servicing as stated in their respected concession agreements with the Metropolitan ...

SM Retail eyes 500 Alfamart stores
thestandard.com.ph - 2017-05-01
SM Retail ... group could hit 500 outlets in the next two years, or more than double the current network of 210 stores. The group is quietly expanding the Alfamart stores in Southern Luzon, especially in Cavite province. The company recently penetrated ...

First Gen confirms meeting with PNOC to build LNG terminal
BusinessMirror - 2017-05-01
FIRST GEN Corp. of the Lopez group confirmed last week it has been meeting with state-run Philippine National Oil Co. (PNOC) for the development of a liquefied natural gas (LNG) terminal. "First Gen confirms our executives have had meetings with PNOC ...

Meralco expects approval of Redondo Peninsula Energy PSA this month
BusinessMirror. - 2017-05-01
The PSA for the first 300-MW phase of the power project was already signed with Meralco (225 MW) and Aboitiz Energy Solutions Inc. (75 MW) in April 2016. Upon approval of the PSA, RP Energy will issue the notice to proceed to the engineering, procurement ...

Ceneco to decide on referendum
Visayan Daily Star - 2017-05-01
Lapore said that with the entry of big loads, such as Ayala Land, City Mall in Goldenfield ... KSPC to collect the amount of P232 million on June 9, 2015. He also cited Filinvest's pending application with ERC for authority to charge Ceneco and its ...

Ampatuan brothers Sajid, Andal Jr charged over alleged ghost projects
Rappler - 2017-05-01
The Petron branch in Shariff Aguak was hired to supply the fuel and lubricant needs for the 8 renovation projects. The awarding of contracts did not undergo public bidding, according to state investigators. Petron Shariff Aguak was owned by Andal Jr ...

SC seeks compliance reports on Clean Water Act
Philippine Daily Inquirer - 2017-05-01
The 15-member tribunal also ordered private water concessionaires Maynilad Water Services and Manila Water Company Inc. to present a list of areas they were currently servicing as stated in their respected concession agreements with the Metropolitan ...

GRADUATION SPEECH: Striving in the Age of Selfies
Mindanews - 2017-05-01
Want create site? With Free visual composer you can do it easy. (Speech delivered by Samira Ali Gutoc, co-founder of the Young Moro Professionals and presently a Commissioner at the Bangsamoro Transition Commission, at the Ateneo Law and Graduate School ...