PLDT starts TVolution offer
Philstar - 2017-04-26
MANILA, Philippines - PLDT Inc. is set to begin offering its next generation TVolution streaming box which will come with over 50 streaming channels to provide superior entertainment content to customers beginning next month. The telco and digital ...

SMC investing P554b in toll roads
thestandard.com.ph - 2017-04-26
SMC president and chief operating officer Ramon Ang made the announcement as San Miguel Holdings Corp. and ... Pioneer and Bonifacio Global City. SMHC and PNCC are joint venture partners in Citra Central Expressway Corp. and Citra Intercity Tollways ...

Metrobank expects loans to grow 20%
thestandard.com.ph - 2017-04-26
Metropolitan Bank & Trust Co., the second-largest lender in terms of assets, said Wednesday it expects loans to increase 20 percent year-on-year in 2017, driven by the robust domestic economy. Metrobank senior vice president Jette Gamboa said in a news ...

PLDT announces new streaming box
thestandard.com.ph - 2017-04-26
PLDT Inc. announced Wednesday the next-generation TVolution streaming box for customers. PLDT said it worked with streaming pioneer Roku Inc. to deliver to customers a fully proven solution that is easy to use and loaded with great content. PLDT and Roku ...

First Gen wants to partner with PNOC for LNG terminal
BusinessMirror. - 2017-04-26
LOPEZ-LED First Gen Corp. has formally expressed interest to partner with state-run Philippine National Oil Co. (PNOC) for the development of a liquefied natural gas (LNG) terminal. "First Gen acceded to be a minority partner. That I can tell you ...

Meralco gets offers from 4 firms for P135-billion coal plant
BusinessMirror. - 2017-04-26
THE Manila Electric Co. (Meralco) has received offers from four interested firms willing to take in a minority stake in an ambitious coal-power project costing P135 billion. "Yes, Meralco has taken proposals," said Meralco Chairman Manuel V. Pangilinan.

Business optimism fuels PH credit surge, says Metrobank
Inquirer - 2017-04-26
Caparas expressed confidence that Metrobank would be able to, at least, match the credit growth it recorded last year over the near to medium term. SFM Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles ...

Metrobank plans hiring more people but fewer branches
BusinessMirror. - 2017-04-26
Based on the Philippine Development Plan of 2017 to 2022 ... draft an application framework for qualified Asian banks for purposes of economic integration, Metrobank remains focused on the local market. "We are focused on the domestic market, especially ...

Duterte renews GMA Network franchise
Philippine Daily Inquirer - 2017-04-26
President Duterte has renewed the franchise of GMA Network Inc. for another 25 years. Mr. Duterte signed into law Republic Act No. 10925, extending the franchise of GMA, which operates TV channels, a radio station and an online site. The bill cleared ...

Cirtek 2016 profit up 49%
Philstar - 2017-04-26
MANILA, Philippines - Laguna-based technology firm Cirtek Holdings Philippines Corp. reported a net income of $7.6 million last year, up 49 percent year on year. The increase in profit was driven by a 25 percent growth in revenue to $74.3 million.

2 foreign firms eye 8% PLDT stake in Meralco
thestandard.com.ph - 2017-04-26
"It will not be sold within the group," the Meralco official said. Meralco shares are owned by Beacon, JG Summit Holdings Inc. and Metro Pacific, while some stocks are held by the public. Pangilinan said in August last year the group was in discussions ...

Ex-INC members alarmed over 'disappearances'
Rappler - 2017-04-26
The next day, Felix left his Quezon City residence at around 6 pm, telling his daughter that he would be going out to buy medicine for Angel at Ever Gotesco Mall in Commonwealth. The daughter messaged Rhoda the next day, telling her that Felix did not ...

Farmers accuse Luisita lessee linked to kin of PNoy, ex-DAR chief Lorenzo of CARP obstruction
InterAksyon - 2017-04-26
secretary general of the Unyon ng Manggagawa sa Agrikultura (UMA), urged DAR chief Rafael Mariano to "press charges" against the lessees that included Agrikulto Inc. Agrikulto was acquired by Central Azucarera de Tarlac (CAT), Inc. in November 2015 for ...

Roxas Holdings Inc (ROX)
investing.com - 2017-04-26
Roxas Holdings, Inc. is a diversified holding and investment company. The Company is engaged in the business of manufacturing sugar and allied products. Its segments include sugar, alcohol and others. The sugar segment consists of subsidiaries, including ...

SC allows Torre de Manila construction to continue
Philstar - 2017-04-26
Voting 9-6, the Supreme Court in summer session in Baguio City yesterday dismissed the 2014 petition of the Knights of Rizal (KOR) seeking the demolition of Torre de Manila of DMCI Homes for supposedly ruining the background of the Rizal monument ...

Video: Watch The 2018 Honda Civic Type-R Blitz the Green Hell
carguide.ph - 2017-04-26
We now know the 2018 Honda Civic Type-R kicks serious ass. It just broke the record for the fastest time for a FWD car around the challenging Nürburgring Nordschleife with a lap time of 7 minutes 43.8 seconds. That makes it faster than its most immediate ...

Duterte renews GMA Network franchise
Philippine Daily Inquirer - 2017-04-25
President Duterte has renewed the franchise of GMA Network Inc. for another 25 years. Mr. Duterte signed into law Republic Act No. 10925, extending the franchise of GMA, which operates TV channels, a radio station and an online site. The bill cleared ...

PNB to boost provincial lending, consumer banking, cross-selling
Inquirer - 2017-04-25
Tycoon Lucio Tan-led Philippine National Bank (PNB) plans to jack up provincial lending to take advantage of its expansive branch network and the emergence of new growth hubs, projecting lending to provincial small and medium enterprises (SMEs) to surpass ...

PLDT in talks with 2 investors for Meralco stake
Philstar - 2017-04-25
PLDT owns a 25-percent stake in Beacon Electric Asset Holdings Inc. after selling 25 percent to Metro Pacific Investment Corp. Beacon, in turn, owns 35 percent of Meralco. Beacon is a joint venture company composed of PLDT Communications and Energy ...

SC junks petition vs Torre de Manila
Philippine Daily Inquirer - 2017-04-25
Citing lack of jurisdiction, the magistrates voted 9-6 to throw out the petition for mandamus filed in 2014 by the Knights of Rizal against DM Consunji Inc. (DMCI), owner and developer of Torre de Manila. In a statement, the Knights of Rizal said it ...

Local stock index soars past 7,700
Inquirer - 2017-04-25
Month- and quarter-end windrow dressing activities also aided large-cap stocks. Investors picked up shares of DMCI and Aboitiz Power, which both rose by more than 3 percent. Yesterday, it was reported that the Supreme Court had allowed DMCI to continue its ...

Cebu Business Districts upbeat; New developments, employment surge
Philstar - 2017-04-25
Build-up pace at the Cebu Business Park (CBP), the city's main business and commercial hub, has continued to increase, said Aniceto Bisnar Jr., president of Cebu Holdings, the main developer of CBP. According to Bisnar, there are 10 buildings currently ...

The stink at the NHA
Philstar - 2017-04-25
The first few units have been released to former estero dwellers. I remember talking to JJ Atencio of 8990 Holdings, supposedly the largest property developer working at the lower end of the property market. My first question to him was whether it was ...

Agrarian reform failed in Luisita, says DAR chief
Philippine Daily Inquirer - 2017-04-25
Day after occupation Mariano released the results of the validation a day after his former group, the Kilusang Magbubukid ng Pilipinas (KMP), took over the property of Rizal Commercial Banking Corp. (RCBC) in Barangay Balete on the Tarlac City side of the ...

SM Prime spending P100b in two years
thestandard.com.ph - 2017-04-25
Under a five-year roadmap covering 2014-2018, SM Prime plans to double its net income and revenues by building more malls, hotels, office towers ... Metro Manila. These are SM CDO Downtown Premier in Cagayan de Oro, SM Cherry Antipolo in Rizal, SM Center ...

Keyland Corp. expects to raise P2 billion in sales from new condo project
BusinessMirror. - 2017-04-25
Keyland Corp. started operating in 2012 and has since done four residential ... For its office portfolio, three are located in Makati-- Keyland Centre, Keyland Ayala and Keyland Valero. Southkey Hub is a business-process outsourcing building in Northgate ...

Chelsea Logistics files for P8-billion IPO to fund expansion
BusinessMirror. - 2017-04-25
The company engages in the shipping-transport business through its wholly owned subsidiaries CSC and Trans-Asia Shipping Lines Inc. CSC engages in the maritime conveyance or transport of petroleum products, goods, wares and merchandise in the Philippines ...

Cirtek sees revenues rising 35% to $100m
thestandard.com.ph - 2017-04-25
Cirtek Holdings Philippines Corp., a Laguna-based technology company, said it expects revenues to reach over $100 million this year, or 35 percent higher than the $74.3-million revenues registered in 2016. Cirtek said in a statement it lined up strategies ...

Shipping unit of Uy to conduct P8-b IPO
thestandard.com.ph - 2017-04-25
Uy also owns Phoenix Petroleum Philippines Inc. The company said its expansion was aligned with initiatives to strengthen cooperation and promote trade within the Association of Southeast Asian Nations. "As it expands further, Chelsea Logistics aims to ...

Rockwell builds up presence in Mandaluyong City
BusinessMirror. - 2017-04-25
HIGH-end property developer Rockwell Land is strengthening its position in the lucrative space market. After achieving success in Rockwell Business Center in Pasig and 8 Rockwell in Makati City, the property development arm of the Lopez group of companies ...

BEYOND CITY OF DREAMS | Belle Corp of Sys eyes second site for gaming operations
interaksyon.com - 2017-04-25
MANILA - Belle Corporation, the property and gaming unit of the Sy family, is looking at expansion opportunities for its casino assets, its optimism driven by the series of key infrastructure developments encouraged by the government. On top of possibly ...

Burying Gina
Rappler - 2017-04-25
The finance secretary is more than a friend to the mining industry. He was a director of the mining and energy conglomerate Alsons Consolidated Resources from 1995 to 2016. While he claims to have divested himself of his shares in the company in 2016 ...

Belle, Melco eye second casino
thestandard.com.ph - 2017-04-25
Belle Corp. and partner Melco Crown (Philippines) Resorts Corp. plan to establish a second casino in the country and expand City of Dreams Manila, its first project in Parañaque City, an executive said Monday. Belle vice chairman Willy Ocier said in an ...

Career Systems Incorporated
jobstreet.com.ph - 2017-04-25
Career Systems, Incorporated (CSI), is a training and management consulting company, located at Cityland Pasong Tamo Tower, suite 2103, 2210 Don Chino Roces Avenue, Makati City Career Systems, Inc.'s pool of trainers conduct training programs for employees ...

Luisita farmers tear down walls, fences in land sold to bank
BusinessMirror. - 2017-04-25
The Lorenzos of Mindanao invested in Central Azucarera de Tarlac and continue to exploit sugar mill workers and sacadas. We are fighting back again. It is our right and duty to defend our right to the land and reclaim what is rightfully ours," Corpuz said.

PAL-JGFP Interclub reels off tomorrow at Southwoods
Philstar - 2017-04-25
Ushering in the Interclub sponsored by PAL, Philippine Golf Foundation, Manila Southwoods and Ayala Land, Inc. is the parade of team captains at the Southwoods Legends grounds today to be followed by the team captains meeting and official practice round.

Binge watch like never before with Smart, Fox +
thestandard.com.ph - 2017-04-25
Smart Communications, along with its parent company PLDT and Cignal, recently partnered with Fox Networks Group Asia to enable its subscribers to stream movies and TV programs from the catalogue of global entertainment leader Fox. Smart subscribers can ...

Bathroom innovator from Japan, other exclusive brands now at AllHome
Philstar - 2017-04-25
Present was Vista Land chairman and former Sen. Manuel Villar as special guest along with All Home president Jing Serrano and country heads for Inax and Iris Ceramica. AllHome is indeed a one-stop shop where everyone can find their specific needs for home ...

Ombudsman defends 'delayed' cases
Rappler - 2017-04-25
From January to April 2017, the anti-graft court has dismissed 26 corruption cases because of delay, including high-profile cases that involved former officials of the Philippine National Construction Corporation (PNCC) who were party to the P6-billion ...

Duterte renews GMA Network franchise
Rappler - 2017-04-25
The President's scathing tirade against the network has sparked concern among its stockholders, especially in view of the network's pending franchise renewal. (READ: Duterte tirade 'part and parcel' of media work - Gabby Lopez) - Rappler.com

SC allows Torre de Manila construction to continue
Rappler - 2017-04-25
Torre de Manila developer DMCI Homes argued that the building sits on private property and was given clearances by city officials. A zoning ordinance in Manila states that if the building is within the university cluster, where Torre de Manila stands ...

Ex-bank manager, Philrem executives indicted for $81-M laundering
Philstar - 2017-04-25
MANILA, Philippines - The Department of Justice (DOJ) has indicted former Rizal Commercial Banking Corp. branch manager Maia Santos-Deguito and executives of remittance firm Philrem Service Corp. for laundering $81-million funds stolen by hackers from the ...

US stocks follow global markets higher after French election
Philstar - 2017-04-25
Bank of America surged 4 percent, JPMorgan Chase rose 3.4 percent and SunTrust Banks gained 3.3 percent. TOPS: The top-performing stock in the S&P 500 was C.R. Bard, which surged $51.38, or 20.3 percent, to $304.45. It agreed to be acquired by Becton ...

Manz AG: CEO and company founder Dieter Manz plans move to Supervisory Board
Yahoo Finance India - 2017-04-25
He will be responsible for the Finance and Controlling ... Over this period continual improvements have been made at Manz AG which have enabled it as a medium-sized Germany company to cope with a series of difficult phases, such as the recent solar ...

First Gen borrows $500 M to repay debts
Philstar - 2017-04-24
First Gen disclosed yesterday its wholly-owned subsidiary First Gas Power Corp. signed a $500-million seven-year term loan facility with Bank of Commerce, Bank of the Philippine Islands, BDO Unibank Inc., Philippine National Bank, Security Bank Corp., and ...

Manila Jockey Club inaugurates P8-billion Winford Hotel and Casino
BusinessMirror. - 2017-04-24
In Photo: Alfonso Reyno III, chairman and CEO of Manila Jockey Club Corp.; Manila Mayor Joseph Estrada; Andrea Domingo, chairman of the Philippine Amusement and Gaming Corp.; and Ombudsman Conchita Carpio-Morales headline the ribbon-cutting during the ...

Manila Jockey Club inaugurates P8-billion Winford Hotel and Casino
BusinessMirror. - 2017-04-24
In Photo: Alfonso Reyno III, chairman and CEO of Manila Jockey Club Corp.; Manila Mayor Joseph Estrada; Andrea Domingo, chairman of the Philippine Amusement and Gaming Corp.; and Ombudsman Conchita Carpio-Morales headline the ribbon-cutting during the ...

FIGBA derby up at Roligon
Philstar - 2017-04-24
Other backers of the event are Excellence Poultry and Livestock Specialists, LDI, Hagibis, Salto, Vitarich Titan, Vio-Plus, Pit Fighter and Mad Science. For details, visit www.figba.org or contact the FIGBA secretariat: (02) 634-2807; 0947 TYFIGBA (0947 ...

CHI commits P10 billion for Cebu projects in 5 years
Philstar - 2017-04-24
Bisnar also said the masterplan for SRP project with SM has already been completed ... Its subsidiary Cebu Property Ventures and Development Corp. also completed the fourth tower of Bloc in IT Park, bringing its office leasable space up to almost 108,000 ...

SBS opts for rights offering
thestandard.com.ph - 2017-04-24
Chemical trader and distributor SBS Philippines Corp. dropped its plan for a follow-on offering and chose to hold a stock rights offering instead to fund the diversification into property-related investments. SBS said in a disclosure to the stock exchange ...