Petron seeks partners for new $10-B refinery
Philstar - 2017-01-12
MANILA, Philippines - Oil refining giant Petron Corp. is seeking partners for a new refinery-estimated to cost $10 billion-south of its Bataan facility to cater to growing demand in the country, its top official said. The company is planning to build a ...

LBC signs partnership deal with Pera Hub
BusinessMirror. - 2017-01-12
In Photo: LBC Express Inc. has officially partnered with Pera Hub, the retail brand of Petnet Inc., as officials of the new corporate partners sign an agreement in Bonifacio Global City, Taguig City. Present are (from left) Jeffrey Navarro, Western Union ...

PSEi also falls as Trump offers no clarity on first presser
Inquirer - 2017-01-12
Universal Robina and Aboitiz Power bucked the downturn, both rising by over 1 percent. Outside of the PSEi, one notable gainer was D&L Industries, which gained 1.61 percent in heavy volume.

DAP officials go to German legislature in familiarization tour on federalism
news.pia.gov.ph - 2017-01-12
and Dr. Manuel Jaudian of the Phinma Educational Network. Dr. Michael Wisser, head of the Parliamentary Directorate-General and concurrent head of the Presidium Office, Protocol and Events of the German Bundesrat, gave an overview of the role of the ...

Ang may bring in foreign partners for new refinery
BusinessMirror. - 2017-01-12
Petron President Ramon S. Ang disclosed that a plan to build a second refinery, possibly in the Bicol region or Cebu, is being seriously considered. "Petron plans to put up an oil refinery somewhere in the South, maybe in Bicol, to supply Luzon and the ...

MRail, Desco deliver 2 locomotives to PNR
BusinessMirror. - 2017-01-12
MRAIL Inc., a unit of Metro Pacific Investments Corp., and its partner Desco have delivered two locomotives to the Philippine National Railways (PNR) as part of a deal signed with the previous administration to modernize the aging train system. The two ...

STI files for P5-billion shelf registration of fixed-rate bonds
BusinessMirror. - 2017-01-12
STI Education Systems Holdings Inc., the company listed at the Philippine Stock Exchange, owns 98.66 percent of the issued and outstanding capital stock of STI. STI is led by the Tanco family. STI Holdings said its net income jumped 60 percent to P542.9 ...

Megaworld to continue expanding in provinces this year
BusinessMirror. - 2017-01-12
Another six developments are in the Visayas, namely, The Mactan Newtown in Lapu-Lapu City, Cebu; Iloilo Business Park in Mandurriao, Iloilo City; Sta. Barbara Heights in Sta. Barbara, Iloilo; Boracay Newcoast in Malay, Aklan; Northill Gateway and The Upper ...

Power rates to drop by P0.27/kWh
interaksyon.com - 2017-01-12
MANILA, Philippines -- Electricity rates will decrease by P0.27 per kilowatt-hour (kWh) this month due to a drop in generation charge, the Manila Electric Co. (Meralco) said Thursday. According to a statement from the power firm, the overall new rate is P8 ...

Twins of versatility
BusinessMirror. - 2017-01-12
SsangYong Berjaya Motors Philippines (SBMP), the sole distributor of the Korean brand, launched these initial offerings at the Manila International Auto Show last year. According to SBMP Managing Director Dave Macasadia, these vehicles cater to families ...

Spotlight on Miro, Dominic & Petron
BusinessMirror. - 2017-01-12
ROMERO Quimbo, arguably one of the staunchest pro-people lawmakers and the fightingest representative from Marikina City, deserves our support for his crusade to curb efforts by his own peers to legislate a new law to increase excise taxes on gasoline and ...

Keeping the ball rolling for 2017
BusinessMirror. - 2017-01-12
"We at Volkswagen Philippines will continue to strive to increase the benefits for our motoring public. We already have the cars that exemplify the best in automotive engineering, design and safety, and we are more than willing to shape our motorists ...

Health problems in Bataan due to ash fall? DENR starts probe
Philippine Daily Inquirer - 2017-01-12
They blamed it on windblown and soil-seeping ash coming from the stockpile of byproducts from the SMC Consolidated Power Corp. (SMCCPC) plant and a coal-fired plant of the Petron Bataan fuel Refinery. Both SMCCPC and Petron Corp. are subsidiaries of SMC.

Meralco rates to go down in January
Philippine Daily Inquirer - 2017-01-12
Para sa mga kumokonsumo ng 200kWh, P54 ang mababawas sa January 2017 electricity bills. Know more: pic.twitter.com/kuLHEATGFD Manila Electric Co. (Meralco) advised consumers on Thursday that its electricity rates will go down this month by P0.27 per ...

P1K SSS pension increase insufficient-labor group
Philippine Daily Inquirer - 2017-01-12
A labor group on Wednesday expressed disappointment with the inadequate addition of P1,000 to the monthly pension of 2.2 million Social Security System (SSS) pensioners approved by President Rodrigo Duterte last Tuesday. Bukluran ng Manggagawang Pilipino ...

Business one-stop-shop at BCGC
Visayan Daily Star - 2017-01-12
MANILA-- Property developer Megaworld Corp. is set to open four new hotels under its portfolio within the year, riding on the tourism boom of the country. "We see tourism as a potential driver of growth for Megaworld as we draw more people to our ...

We'll pay for medical bills of Bataan folk near coal plant, even if it's 'galis aso' - SMC's Ang
interaksyon.com - 2017-01-12
The company has denied responsibility and San Miguel Corp. president Ramon Ang said they will shoulder ... Under the initial DENR-sanctioned resolution, oil refiner Petron will be allowed to transfer an ash stockpile said to be causing the environment ...

Football: So, how's that national league coming along?
Rappler - 2017-01-12
Seven former UFL teams have applied, namely champs Global, (now reportedly renamed Global Queen City), Ceres-Negros, (née Ceres-La Salle), Kaya FC Makati, Loyola Meralco Sparks, Stallion Laguna, Green Archers United Globe, and JP Voltes. Two new entities ...

CEU grad tops dentistry exams; 4 UP students in top 10
Philippine Daily Inquirer - 2017-01-12
In third place was Mark Cameron Jabile Acub of the University of the East-Manila, and in fourth was April Lorraine Yap Ramos of the Cebu Doctors University. Edward Louie Montanez Barroso of CEU-Makati was in sixth place, with 83.63 percent. Iloilo Doctors ...

Criticality of incredible leadership
Business Recorder - 2017-01-12
Starting with the Housing Development Board that was designed to jumpstart the Singaporean economy after the departure of the British, apart from creating many jobs now owns 75 percent of the rental housing in one of the world's best planned city state.

OpenSpace: Toym Imao's Last, Lost, Lust for Four Episodes
clickthecity.com - 2017-01-12
Roces for his passion for Philippine history and culture. Last, Lost, Lust for Four Forgotten Episodes, supported by Ayala Corporation, Ayala Land, Inc., Ayala Foundation, Inc., Ayala Center Estate Association, and LG Electronics Philippines, will be on ...

CEU grad tops dentistry exams; 4 UP students in top 10
Philippine Daily Inquirer - 2017-01-12
MANILA -- A Centro Escolar University graduate topped the recently held dentist licensure examination in Manila, while University of the Philippines alumni swept four out of the other top 10 places. Allan Fred Garcia Camungol of the Makati campus bested ...

PLDT to broadcast Miss Universe pageant live
BusinessMirror. - 2017-01-12
In Photo: Leading Philippine telco and digital services provider PLDT and mobile leader Smart Communications, together with broadcast station TV5, bring the much-anticipated Miss Universe 2016 closer to Filipinos everywhere through digital and social-media ...

Phoenix Semiconductor to proceed with Pampanga facility expansion
Rappler - 2017-01-12
MANILA, Philippines - Korean-owned semiconductor company Phoenix Semiconductor Philippines Corporation (PSPC) said on Thursday, January 12, it will proceed with the expansion of its manufacturing center in Clark Freeport, Pampanga, as it expects the ...

Suzuki Philippines Auto Sales Grow 37 Percent in 2016
carguide.ph - 2017-01-11
Suzuki was also part of the first-ever Euro 4 Fuel Economy Run organized by the Department of Energy (DOE) in partnership with Petron Corporation. Celerio MT, Ciaz GLX AT, Swift 1.2, Ertiga GLX AT, Celerio, and Ciaz MT were among the 70 vehicles that ...

DENR issues OTP to Petron, clearing its continued operations
BusinessMirror. - 2017-01-11
PETRON Corp. has been cleared by the Department of Environment and Natural Resources (DENR) of alleged environmental and health violations. The DENR, Petron President Ramon S. Ang said, "has already issued an Ore Transport Permit [OTP]." This permit is ...

Govt likely to clear San Miguel and Petron on ash spill allegations
thestandard.com.ph - 2017-01-11
The Environment Department is likely to clear San Miguel Corp. and Petron Corp. of allegations of oil and ash spill at its energy complex in Bataan province, following a clarificatory meeting Wednesday. Petron president and chief executive Ramon Ang made a ...

Stocks end rally; Shell advances
thestandard.com.ph - 2017-01-11
The Philippine Stock Exchange index, the 30-company benchmark ... P0.65 and Pilipinas Shell Petroleum Corp. which jumped 5.5 percent to P75.30. D&L Industries Inc. advanced 4.2 percent to P12.40. Meanwhile, most Asian markets rose Wednesday, with ...

Ayala set to build Indonesia wind farm
thestandard.com.ph - 2017-01-11
Conglomerate Ayala Corp. said Wednesday wholly-owned subsidiary AC Energy Holdings Inc. signed investment agreements with UPC Renewables Indonesia Ltd. for the development of a 75-megawatt wind farm in Sidrap, South Sulawesi, Indonesia. Ayala said in a ...

LPA cancels flights, suspends classes
m.philstar.com - 2017-01-11
Philippine Airlines and Cebu Pacific flights to and from Manila to Legazpi, Naga and Virac as well as Surigao were cancelled. The northeast monsoon will continue to bring rains across the country today, according to the Philippine Atmospheric ...

Trump taps two sons to head company as he ascends to presidency
New York Daily News - 2017-01-11
President-elect Donald Trump, speaking at a Wednesday press conference in New York City, says he will transfer ownership of his company to his two adult sons. Schaub also reiterated his past statement that Trump must sell off his holdings to resolve any ...

DOH delivers assistance to municipalities affected by Typhoon Nina in MIMAROPA
news.pia.gov.ph - 2017-01-11
MANILA, Jan. 12 - Department of Health - MIMAROPA Regional Director Eduardo C. Janairo recently visited municipalities in the provinces of Marinduque and Oriental Mindoro and delivered financial assistance and medicine supply to areas affected by the ...

Kratos Supports High Energy Laser Demonstrator Integration [Photo Release]
GlobeNewswire - 2017-01-11
The task is to assist SMDC with High Energy Laser (HEL) System Engineering, Integration, and Test Support. Kratos support has expanded to include integration and test support at their high bay facility in Huntsville, AL. The integration work in the high ...

54 firms now compliant with Shariah rules - PSE
Philstar - 2017-01-11
MANILA, Philippines - The Philippine Stock Exchange (PSE) announced yesterday that 54 companies made it to its list of Shariah-compliant securities. The list is based on the screening conducted by IdealRatings which uses the Accounting and Auditing ...

Sharapova to return after ban in Stuttgart tournament
Rappler - 2017-01-11
BERLIN, Germany - Maria Sharapova will make her return to competitive tennis following her 15-month ban at the WTA clay-court tournament in Stuttgart in April, it was announced on Tuesday, January 10. The 29-year-old 5-time Grand Slam winner tested ...

MVP: address generation side of higher fuel cost
interaksyon.com - 2017-01-11
Focus on generation side As far as Meralco and TV5 chairman Manny V. Pangilinan is concerned, high electricity pricing has long been an issue in the country. In an interview with Bloomberg TV Philippines Tuesday, Pangilinan said Meralco is now focused on ...

Project "Tukhang" totals 4,248 surrendered drug personalities in "Project Double Barrel, Alpha"-ESSPO
news.pia.gov.ph - 2017-01-11
BORONGAN CITY, Eastern Samar, Jan 11 (PIA) - From July 1 to October 25, 2016, the Eastern Samar Provincial Police Office (ESPPO) has already recorded 2,784 drug users and 280 pushers who have surrendered or a total of 3,064 drugs personalities. They have ...

PSBank starts LTNCTD offer
Visayan Daily Star - 2017-01-11
MANILA- - Offering of Philippine Savings Bank's (PSBank) 5-year and three-month Long-Term Negotiable Certificates of Time Deposit started yesterday. In a disclosure with the Philippine Stock Exchange Tuesday, the thrift banking arm of the Ty-led Metrobank ...

AC Energy preparing to build P7.44-billion wind farm in Indonesia
BusinessMirror. - 2017-01-11
AC Energy Holdings Inc., the power arm of Ayala Corp., is beefing up its renewable-energy (RE) portfolio with newly signed deals with UPC Renewables Indonesia Ltd. The power firm on Wednesday reported it signed investment agreements with UPC Renewables for ...

House members back SSS premium hike after P1,000 pension increase
BusinessMirror. - 2017-01-11
In Photo: Social Security System (SSS) pensioners and members line up at ... which the SSS Board submitted to Durtete, saying his group is ready to question the planned increase before the Supreme Court. Meanwhile, they urged SSS members to oppose the ...

DENR chief toughens up on issuance of ECC
BusinessMirror - 2017-01-10
The government will no longer issue environmental compliance certificates (ECCs) to companies that have yet to fully comply with all the specific measures, conditions and qualifications set by the Department of Environment and Natural Resources (DENR ...

SunEdison said to exit India with sale of projects to Greenko
Economic Times - 2017-01-10
Kamalakar Babu, managing director of New & Renewable Energy Development Corporation of Andhra Pradesh. Development costs could top 25 billion rupees ($366.5 million), according to estimates by Bloomberg New Energy Finance. Elements of the deal between ...

A U.S. Airline Was Just Named a Top 10 in the World (Seriously)
Inc. - 2017-01-10
I'd thought of Air India, a Star Alliance member, as an impressive-looking airline. The data, though, suggests that it has a high altitude of lassitude. Air India was followed by Philippine Airlines, Asiana Airlines, China Eastern Airlines, Hong Kong ...

Yearender 2016 | Privatization of education continues under Duterte
Bulatlat - 2017-01-10
A research paper by Curtis Riep, a Canadian doctoral student of the University of Alberta ... learning materials, Science and Math equipment, computers, repair of school furniture and rehabilitation of classrooms, training for teachers and non-teaching ...

Premiere raising P1b for resort projects
thestandard.com.ph - 2017-01-10
Premiere Horizon Alliance Corp. said Tuesday it will raise P1 billion to finance tourism and infrastructure-related projects this year. PHA said in a disclosure to the stock exchange tourism development unit West Palawan Premiere Development Corp. would ...

Premiere raising P1b for resort projects
thestandard.com.ph - 2017-01-10
Premiere Horizon Alliance Corp. said Tuesday it will raise P1 billion to finance tourism and infrastructure-related projects this year. PHA said in a disclosure to the stock exchange tourism development unit West Palawan Premiere Development Corp. would ...

2 Cirtek executives get Asia CEO awards
thestandard.com.ph - 2017-01-10
Semiconductor manufacturer Cirtek Holdings Philippines Corp. said two of its executives were recipients ... strategic acquisition and asset management with First Metro and Metrobank Group. "As Cirtek moves from strength to strength and scales up its ...

Lopez gives SMC, Petron 24 hours to remove ash
Philippine Daily Inquirer - 2017-01-10
Petron had originally planned to store the lime powder at another site on its property, but was denied a key permit by the local government, forcing the firm to store the byproduct of its oil refining operations at a temporary site. This company-owned site ...

Socially responsible auto industry
Philstar - 2017-01-10
IV. Education & Training: 1. Auto Hub Group: Auto Hub Institute of Technology with TESDA (2014-2016) 2. Berjaya Auto Philippines (Mazda): Automotive Technology Course supports Meralco Foundation Inc. (2014) 3. PGA Cars: Porsche Training ...

Philippine Ladies Open: Best of Phl face crack foreign bets
Philstar - 2017-01-10
MANILA, Philippines - The Philippine Ladies Open Golf Championship ... the emerging star from Ratchaburi who is raring to launch her bid at 7:10 a.m. in the company of club bet Felicia Medalla, Katie Kim and Zoe Campos, also on No. 10.