Huge volume not enough to lift PSEi on last Nov trading day
BusinessMirror - 2 months ago
The benchmark Philippine Stock Exchange index (PSEi ... Lu, head of marketing and business development, of Papa Securities Inc. Total volume of trade reached P20.08 billion on 1.32 billion ...

SM unveils business continuity program facility for partners
BusinessWorld - 2 months ago
Through the National Resilience Council, the private sector led by Mr. Sy has partnered with the national government to enhance the capacity of local government units for resilience. The public side is headed by Defense Secretary Delfin N. Lorenzana.

DriveServices eyes slice of vehicle rental market in Cebu
Inquirer.net - 2 months ago
She said that any transportation service would prosper in Cebu because the lifestyle of the people within the metro had become ... the launch of the car rental company. Tomada said that the ...

Businessman assassinated in Subic
BusinessWorld - 2 months ago
SBMA chairperson Wilma T. Eisma in a statement said, "The Subic Bay Metropolitan Authority condemns in the strongest possible term what is apparently a targeted assassination of a business locator in the Subic Bay Freeport Zone." She added ...

SE Asia Stocks-Indonesia jumps most in nearly 5 months; Philippines reverses course
Reuters - 2 months ago
The Philippine Stock Exchange PSEi Index rose 1.4 percent intraday before erasing ... an associate analyst with COL Financial Group Inc. The Philippine stock market is closed on Friday for a holiday. Aboitiz Equity Ventures Inc dropped 4.2 percent, while ...

Maria Ressa, Rappler Holdings charged in court for alleged tax evasion
Rappler - 2 months ago
MANILA, Philippines - Rappler Holdings Corporation and its president Maria Ressa have been ... correct and accurate information," said the DOJ in its resolution. The first 3 charges are for violation of Section 255 of the Tax Code or failure to file ...

Cargill earmarks P12.5B for expansion in PH
Inquirer - 2 months ago
which was built in partnership with Jollibee Foods Corp. Its assets in the country amounted to P10.4 billion as of 2017--a four-fold increase over the level in the last decade.

President appoints Carandang as SC associate justice
Philippine Daily Inquirer - 2 months ago
In private practice, she had been legal assistant at the Aguiluz Law Office; legal counsel to Filinvest Development Corp.; corporate secretary and legal counsel to Filinvest Land Inc., General ...

Nickel Asia allots P1.5 B for share buyback plan
philstar.com - 2 months ago
MANILA, Philippines -- Nickel Asia Corp. is setting aside P1.5 billion for a two-year share buyback program to take advantage of depressed share prices in the market. In a regulatory filing, Nickel Asia said its board has approved the buyback of its ...

PLDT tests 5G capabilities
Inquirer - 2 months ago
The move comes as the industry prepares for the commercial launch of 5G by 2019, likely starting with business and home broadband customers to be followed by the broader consumer market as 5G ...

Bid out congressional franchise
philstar.com - 2 months ago
Judging solely from what has been put out in the media, it is clear that the fight between the Panay Electric Cooperative or PECO and Monte Oro Resources Energy or MORE ... gave them up and allowed the boys from Imperial Manila to kick them out.

The 21st century man owes his life to inventors of past centuries
philstar.com - 2 months ago
The SKYSCRAPER construction was innovated by William Le Baron Jenney, whose attention was caught by the Southeast Asian homes made of reed matting strung ... for the industrial development of the 20th century was the assembling of the modern car.

Megawide bags P10 billion contract to develop Cebu waterfront
philstar.com - 2 months ago
MANILA, Philippines -- Megawide Construction Corp. has bagged a P10-billion contract to develop a premier waterfront project in Cebu. HTLand Inc., a joint venture company of Hongkong Land and Taft Properties, awarded the EPC contract for the Mandani Bay ...

Metals production up 11 %
philstar.com - 2 months ago
"The decline in production was due to the lower mine output of OceanaGold Phils, Philex Mining Corp., and Lepanto Consolidated Mining Corp.," MGB said. Gold metal price accelerated to $1,150.11 per troy ounce from $1,105.35 per troy year-on-yea

CA to hear petition seeking review Meralco-ERC power supply agreements
BusinessMirror - 2 months ago
THE Court of Appeals has set aside its previous ruling denying the petition of consumer advocate seeking a review of a decision rendered by the Energy Regulatory Commission favoring seven power ...

PLDT closes $175-million deal with 2 foreign firms for Voyager
BusinessMirror - 2 months ago
PLDT Inc. has officially closed its $175-million deal with Tencent Holdings Inc., the operator of Chinese super app WeChat, and Kohlberg Kravis Roberts & Co. (KKR), for the sale of a portion of ...

Cargill to invest P12.5B in PHL
BusinessWorld - 2 months ago
The company is also marking the first anniversary of C-Joy, its joint venture with Philippine fast food giant Jollibee Foods Corporation. C-Joy is a facility that processes chicken for domestic consumption. "Jollibee is among our major customers in the ...

Cargill to invest P12.5 billion to expand local operations
BusinessMirror - 2 months ago
"We are proud to have been in the Philippines since we started our business here 70 years ago. Working closely with the government, our customers, partners and the community, we are helping ...

Aeon Credit becomes 1st issuer of Asean+3 multi currency bond float
BusinessMirror - 2 months ago
FIRST Metro Investment Corp., the investment banking arm of the Metrobank Group ... corporate notes issuance of Aeon Credit Service (Philippines) Inc., a landmark transaction in the Philippine ...

DOE, PDRF ink energy resiliency partnership
BusinessMirror - 2 months ago
It is headed by its president, Rene S. Meily, and co-chaired by Ayala Corp. Chief Executive Officer (CEO) Jaime Augusto Zobel de Ayala and First Pacific Co. Ltd. Chief Executive Officer (CEO ...

CA reconsiders order on intervention petitions on Meralco PSAs; favors consumer
Inquirer - 2 months ago
The Court of Appeals has reconsidered its earlier resolution denying the petition of consumer advocate Romeo L. Junia for review of an Energy Regulatory Commission (ERC) decision favoring Meralco ...

AC Health, Ateneo to hold multi-stakeholder conference on UHC
Inquirer - 2 months ago
More than 300 key personalities from the healthcare industry, private sector, and academe will gather to attend the first-ever Health Leadership Summit on Universal Healthcare (UHC) on December 3 ...

FAST FACTS: Who is new Supreme Court Associate Justice Rosmari Carandang?
Rappler - 2 months ago
and corporate secretary and legal counsel of Filinvest Land Incorporated. Carandang obtained her law degree from the University of the Philippines and placed 9th in the 1975 bar examination. She's also one of the founders of the Tau Gamma Sigma sorority.

Court of Appeals justice Carandang is newest SC justice
philstar.com - 2 months ago
She took the Bar in 1975 and finished in ninth place with an average of 84.95 percent. Before joining the government, Carandang worked at Filinvest Group of Companies/Family Savings Bank, Perpetual Savings Bank and National Home Mortgage Finance Corp ...

Senators fear China control of 3rd telco
Philippine Daily Inquirer - 2 months ago
China Telecom and the two Uy companies would infuse an initial P10 billion into Mislatel (Mindanao Islamic Telephone ... that they will not obtain valuable information to stir up insurrection ...

Senators doubt 3rd telco can meet rollout plan
Inquirer - 2 months ago
These were Philippine Telegraph & Telephone Corp., which filed a case at the Supreme Court seeking to overturn its disqualification, while a venture backed by Ilocos politician Luis "Chavit ...

Should you buy conglomerate stocks that offer discounts?
Inquirer - 2 months ago
Some of these stocks are Ayala Corp., which has 2.5x P/BV; Aboitiz Equity Ventures, 1.63x P/BV; DMCI Holdings, 2.0x P/BV and SM Investments, 3.2x PBV. While diversification may seem to lower the ...

PH shares breach 7,400
Inquirer - 2 months ago
There were 98 advancers that edged out 76 decliners while 58 stocks were unchanged. RRHI led the PSEi higher, rising by 6.8 percent. Recently, RRHI shares were crossed as part of the deal to take ...

DICT, Ramon Jacinto resolving issues on common tower policy
philstar.com - 2 months ago
MANILA, Philippines -- The Department of Information and Communications Technology is seeking to resolve differences with presidential adviser for economic affairs and information technology communications Ramon Jacinto with regard to the rules and ...

Buchanan Ingersoll Attorney Co-Chairs AG-Elect Moody's Inaugural
Law - 2 months ago
Wilton Simpson, an egg farmer, as co-chairs of her inaugural committee ... Simpson has served in the Senate since 2012 and most recently served as majority leader. Campaign finance director Samantha Blair is taking on the role of executive director ...

AF Payments sees beep card user growth at 1-2%
BusinessWorld - 2 months ago
The joint venture of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. reported it was able to monitor one billion transactions using the beep card this year, and plans to boost this further by rolling out more payment services that would focus mostly ...

Avida launches Tower 2 in Cloverleaf project
BusinessMirror - 2 months ago
Cagampan noted the accessibility to mass transit and various forms of public transportation has Avida Cloverleaf a prevalent itinerary in the northern part of the Metro as far Bulacan and Pampanga ...

Vista Land secures highest rating from local credit-rating firm
BusinessMirror - 2 months ago
Villar said. "This is again proof that we have put in place a company with a strong management team and a business model that can withstand challenges such as the recent rise of inflation," he ...

New luxury residential Enclave to Rise in Aseana City
BusinessMirror - 2 months ago
ASEANA Residential Holdings Corp. (ARHC)--a subsidiary of publicly listed D.M. Wenceslao & Associates Inc. (DMWAI ... disclosure to the Philippine Stock Exchange, DMWAI announced that ARHC ...

8990 Holdings introduces P5-billion hotel
BusinessMirror - 2 months ago
8990 Holdings Inc. Chairman Mariano Martinez, 8990 Holdings Inc. President and Chief Executive Officer Willie J. Uy, and 8990 Leisure and Resorts President Lowell Yu NEW hospitality player 8990 ...

Welcome to the future of workspaces
BusinessMirror - 2 months ago
Exciting games and mouthwatering food and drinks awaited their guests ... alongside his brother Ricardo Po Jr. of the Century Pacific Group Inc.; and Brett Bayley of St. Louis House of Fine ...

Treasury opens tap facility anew after bids for reissued 7-year T-bonds oversubscribed
BusinessMirror - 2 months ago
INVESTORS flocked to park their funds in the reissued seven-year Treasury bond (T-bond) with bids more than four times oversubscribed at P62.227 billion, prompting the Bureau of the Treasury (BTr ...

'Dissatisfied' Grace Poe seeks clarity on 3rd telco entry
Rappler - 2 months ago
Poe also noted that the win of Mislatel was shrouded with "mysterious forces." She recognized the concerns of disqualified bidders Philippine Telegraph and Telephone Corporation (PT&T) and Chavit Singson's Sear Telecom. The disqualified bidders had ...

Gov't telco body denies amending terms of reference for 3rd major player
CNN Philippines - 2 months ago
refuting claims made by the Philippine Telegraph and Telephone Corporation (PT&T). During the hearing at the Senate, PT&T assailed National Telecommunications Commission (NTC) issuance of two ...

Saving the Patria building
Sun Star - 2 months ago
These culturally significant structures are presumed Important Cultural Properties and must be conserved ... to the pastoral work of Bishop Agurto and companions in the 16th century. It also becomes very relevant to the narrative of the Patria.

Globe Telecom provides P2M scholarship fund for 120 CENTEX pupils
Inquirer - 2 months ago
Globe Telecom has turned over to Ayala Foundation Inc. (AFI) P2 million in scholarship grants for 120 economically-disadvantaged Grade 1 pupils from the Center of Excellence in Public Elementary ...

Trump says he doesn't believe own government's climate warning
Rappler - 2 months ago
According to the report, released Friday, November 23, climate change will "cause growing losses to American infrastructure and property and impede the rate of economic growth over this century." The effects will spill into global trade, hitting import and ...

Minority shareholders seek higher valuation of stake in Forum Energy
philstar.com - 2 months ago
This gives Dennison a 14.78 percent interest in PXP Energy, while Philex Mining will raise its shareholding to 25.91 percent from 19.76 percent. This came ahead of the signing of a framework agreement between the Philippines and China on joint exploration ...

Sem-Calaca RES Corp. in talks for 150 MW supply
philstar.com - 2 months ago
MANILA, Philippines -- Sem-Calaca RES Corp. (SCRC), the retail electricity arm of integrated energy company Semirara Mining and Power Corp. (SMPC), is in talks with a number of large electricity users as potential clients. SMPC president and chief ...

UnionBank raises P10.5 billion from first bond tranche sale
philstar.com - 2 months ago
"The proceeds of the bonds will help support our strategic business expansion plans, while providing a new shorter dated investment instrument to our institutional and retail clients. We thank our investors for their unwavering confidence in UnionBank ...

PLDT inks P1.6-billion investment deal with software firm
philstar.com - 2 months ago
MANILA, Philippines -- Telco giant PLDT Inc. is pushing through with its acquisition of nearly half ownership stake in a local software development and IT solutions provider. PLDT told the local bourse yesterday it signed the investment agreement ...

Disney, Fox sued over theme park in Malaysia
Rappler - 2 months ago
LOS ANGELES, USA -The Walt Disney Co. and 21st Century Fox were hit with a billion-dollar lawsuit ... with Genting Malaysia Berhad that calls for the licensing of intellectual property, including from Fox animated films like Ice Age and Planet of the ...

Poe: Can we trust China Telecom?
Philippine Daily Inquirer - 2 months ago
The other bidders, Philippine Telegraph and Telephone Corp. (PT&T) and Sear, which included former Ilocos Sur Gov. Luis "Chavit" Singson, failed to follow the rules. READ: No favors given to ...

Petron goes for ninth vs Foton in Superliga
philstar.com - 2 months ago
MANILA, Philippines -- Rampaging Petron targets its ninth consecutive win in its second-round showdown with injury-hit Foton while streaking Generika Ayala and Cignal dispute solo fourth as the Philippine Superliga All Filipino Conference swings to the ...

The Aboitiz Group of Companies in 2018
philstar.com - 2 months ago
Anton started by saying, "Since the beginning of the year, the Aboitiz Group has been busy with big ticket projects in support of our growth initiatives, with our focus on building the foundations that advance business and communities." In power ...