Jollibee, Max's, Shakey's income up in Q3 on strong sales
CNN Philippines - 3 months ago
In a disclosure, Jollibee Foods Corp. on Monday said its net income rose by 25.9 percent to ?2.04 billion given strong sales from its fast-food businesses in the country and abroad. Earnings per ...

Coal is not cool
The Visayan Daily Star - 3 months ago
It was reported that the San Miguel Corporation is interested in setting up a coal-fired power plant in San Carlos City. There is now a global campaign to eradicate coal-fired power plants because they have been known to effectively contribute to ...

San Miguel Food and Beverage lists more than 400M common shares
CNN Philippines - 3 months ago
The company's public ownership fell to 4.12% after SMC consolidated its beverage units Ginebra San Miguel, Inc. and San Miguel Brewery, Inc. and food unit San Miguel Pure Foods, Inc. In a ...

The edge of owning an office space
Inquirer - 3 months ago
For business owners, an office space which they can call their own signifies they have achieved a major corporate milestone. With its enviable location at the gateway of the garden central ...

Love, Actuary: ASP to hold its 59th annual convention in Cebu
philstar.com - 3 months ago
The beginnings of the Actuarial Society of the Philippines (ASP ... This presentation will touch upon best practices and how technology can enable good governance. The advancement in medical science has ushered in different types of genetic tests for ...

Metrobank lists P10-B bonds on PDEx
Inquirer - 3 months ago
Other selling agents were Metrobank and First Metro Investment Corp., while Union Bank of the Philippines was another market maker. This 23rd listing for the year at PDEx also marks the first ...

PLDT investing P2B in software firm
Inquirer - 3 months ago
e-commerce and small- to medium-business solutions. "This investment positions PLDT as a telecom and digital services provider with core software development capabilities," said PLDT chair and ...

Championing clean energy
philstar.com - 3 months ago
In 2015, Silliman University in Dumaguete City also partnered with a Filipino ... organized by non-profit environmental group Green Convergence in partnership with the Forest Foundation of the Philippines and Energy Development Corporation (EDC) held ...

Celebrate the hero in you
philstar.com - 3 months ago
And that our extraordinary actions can make all of us a hero. This year, GMA Network and Runrio Events, Inc. together with YesPinoy Foundation team up to stage the The Color Run Hero Tour 2018. Dubbed as the Happiest 5k on the Planet, the Color Run is an ...

Third telco bidding aftermath: Your questions answered
Inquirer - 3 months ago
It took the DICT and NTC, alongside a host of government agencies, international experts and local advocates, the better part of 2018 to craft the bidding rules, which have been lauded for their ...

PLDT, Smart unveil new products, services
philstar.com - 3 months ago
or out and about on their smartphones," said Oscar Reyes Jr., PLDT and Smart senior vice president of business market development. "We are unlocking the future for our PLDT-Smart customers, who want WiFi coverage for their entire homes, the ability to ...

ALI unit POPI allots P1 B for factory bldg
philstar.com - 3 months ago
MANILA, Philippines -- Prime Orion Philippines ... company with a balanced portfolio focused on industrial park development and warehouse and commercial leasing," Tomeldan said. ALI first acquired an initial 51.36 percent interest in the Tutuban ...

Lower trading gains drag RCBC profit down
Inquirer - 3 months ago
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) posted a nine-month net profit of P3.2 billion, down by 5.9 percent year-on-year due to a decline in trading gains. Excluding nonrecurring items ...

Nickel Asia net income up 20.7% in 9 months
Inquirer - 3 months ago
Listed Nickel Asia Corp. (NAC) posted a 20.75-percent increase in its net income in the first nine months of the year on the back of a stronger dollar and additional profit from its processing plants.

PNB reports 67% jump in 9-month net income
Inquirer - 3 months ago
Philippine National Bank grew net profit in the first nine months by 67 percent year-on-year to P7.5 billion from P4.5 billion on higher core earnings and gains from the sale of foreclosed assets.

Cheaper, faster internet
Inquirer Opinion - 3 months ago
However, credit should be given to Eliseo Rio Jr., the acting secretary of the Department of Information and Communications Technology (DICT), who oversaw ... Mislatel stands for Mindanao Islamic Telephone Co. Inc., which holds a 25-year congressional ...

URC, DA partner for potato production
philstar.com - 3 months ago
MANILA, Philippines -- Universal Robina Corp., the food and beverage arm of tycoon John Gokongwei, has partnered with the Department of Agriculture to boost the production of potatoes and help local farmers. The program aims to increase the annual yield ...

Workers buying less food due to inflation -- group
philstar.com - 3 months ago
"November brings with it the specter of a transport fare hike and an 11-centavo-per-kilowatt-hour Meralco rate increase. This will have a knockdown domino effect on all other prices," he noted. Corral said that even with the recent wage ...

ABS-CBN, GMA claim nationwide rating dominance
philstar.com - 3 months ago
MANILA, Philippines -- Broadcasting giants ABS-CBN Corp. and GMA Network claimed their respective nationwide ratings dominance anew in October. Using data from Kantar Media, ABS-CBN said it logged an average audience share of 44 percent in October over ...

Investigators in grim search for dead as California fires rage
Rappler - 3 months ago
Only two wildfires have claimed more lives in California, the most recent more than a quarter-century ago. Further south, where the "Woolsey Fire" is threatening mansions and mobile homes alike in the celebrity redoubt of Malibu, the bodies of two people ...

Nickel Asia net income up 30% in 9 months
philstar.com - 3 months ago
MANILA, Philippines -- Listed Nickel Asia Corp. recorded a 30 percent increase in net income to P4.5 billion from January to September amid the shift in ore shipments and a favorable exchange rate. In a report to the local bourse, Nickel Asia said it ...

Airline profits hit by rising fuel prices
philstar.com - 3 months ago
In separate financial reports to the Philippine Stock Exchange, the listed operator of Philippine Airlines (PAL) said the company widened its net loss in the first three quarters, while Cebu Air Inc. saw its net income plunge by more than a third during ...

Dealers push revival of repo market
philstar.com - 3 months ago
Hernandez, who is also vice president of Ayala-led Bank of the Philippine Islands (BPI), said insurance companies have the securities and the cash for investment. "If they get into it, the issue of all of us are on the same side could be answered by that ...

MPIC to proceed with hospital IPO
philstar.com - 3 months ago
MANILA, Philippines -- Metro Pacific Investments Corp. (MPIC), the infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, will proceed with its plan to list its hospital arm despite the prevailing market uncertainties. MPIC chief financial ...

Analysts divided on next rate move
BusinessWorld - 3 months ago
Michael L. Ricafort, economist at the Rizal Commercial Banking Corp., noted that the BSP may consider raising rates ahead of an expected 25bp hike by the United States Federal Reserve next month. "I think BSP will raise policy rates by 25bp in next ...

Philippine team vies in World Poomsae tilt
philstar.com - 3 months ago
Forty-one Filipino athletes - 24 male and 17 female - will carry the colors of PLDT Home Ultera/MVP Sports Foundation in the prestigious event which will also feature tough competitors from 79 other countries like Korea, China, France, Spain ...

DA searching for areas suitable for palay
BusinessMirror - 3 months ago
"Coconut fertilization, intercropping and hybrid replanting are prime examples." MRC Allied Inc. will develop at least 550-kilowatt-peak (kWp) solar photovoltaic (PV) rooftop system for two ...

Tax court rules ?74M improperly collected on Air Philippines jet fuel imports
BusinessWorld - 3 months ago
Air Philippines is still the legal name of the company currently ... from the Air Transportation Office (ATO), endorsements from the Department of Finance and Authorities to Release Imported Goods. "In fine, petitioner was able to sufficiently establish ...

Paparazzi: The last call
philstar.com - 3 months ago
MANILA, Philippines -- Edsa Shangri-La Manila bid farewell to ... Lito Lorenzana, Marco Roberto, Olah Brady, Edsa Shangri-La Manila director of sales & marketing Gem Valmores, Metrobank Foundation president Chito Sobrepena, Amit Oberoi, Bobby Tenchavez ...

Globe introduces eSIM in PH
Sun Star - 3 months ago
Globe Telecom continues to be the leader in digital lifestyle by bringing the embedded Subscriber Identification Module (eSIM) to the Philippines. A breakthrough in mobile technology, eSIM is a virtual embedded SIM that cannot be removed and will be a ...

Aboitiz Group holds biggest hackathon
Sun Star - 3 months ago
Aboitiz, Aboitiz Equity Ventures, Inc. president and chief executive officer. "As innovators, we work to better ourselves, to learn more and contribute more. In everything we do, our highest aspiration is to drive change for a better world by advancing ...

Cignal upends Generika-Ayala
philstar.com - 3 months ago
MANILA, Philippines -- Cignal outlasted Generika-Ayala in a ... the Philippine Superliga All Filipino Conference yesterday at Alonte Sports Center in Biñan City. Showing steely nerves in a cardiac finish, the HD Spikers saved two match points through ...

World-class service
philstar.com - 3 months ago
Inc. reached 5G speed of over 14Gbps during a test in the ... First Philippine Holdings (FPH) disclosed to the Philippine Stock Exchange that PECO declared dividends amounting to P41 million in 2015, P43 million in 2016 and P51 million for its 30 percent ...

USPF dethrones USC in 2018 Cesafi boys volleyball
Inquirer.net - 3 months ago
the University of Southern Philippines Foundation ended on top to successfully reclaim the championship title of the Cebu Schools Athletic Foundation, Inc. (Cesafi) boys volleyball tournament ...

At least 9 dead as fire incinerates Northern California town
Philippine Daily Inquirer - 3 months ago
With fires also burning in Southern California , state officials put the total number of people forced from their homes at about 250,000. Evacuation orders included the entire city of Malibu ...

Wind respite may help Southern California wildfire fight
Philippine Daily Inquirer - 3 months ago
The two fires erupted on Thursday as much of the state found itself under red flag warnings of extreme fire danger because of dry weather and blowing winds. In Northern California, a wildfire ...

Petron battles F2 Logistics in duel of titans
philstar.com - 3 months ago
at 4 p.m. PSL action actually starts with the Collegiate Grand Slam doubleheader with debuting sides Far Eastern and La Salle Dasmariñas facing off at 12 noon and University of the Philippines gunning for its second straight win at 2 p.m. against Colegio ...

DICT chief Rio: Let me finish job on 3rd telco first
CNN Philippines - 3 months ago
SEAR Telecom -- the consortium of Mindanao-based TierOne Communications with the Luis Chavit Singson Group of Companies-- and the Philippine Telegraph and Telephone Company (PT&T) both filed their ...

Forging valuable partnerships
Inquirer - 3 months ago
Being in a highly competitive industry such as real estate, property developer Sta. Lucia Land Inc. knew early on that in order to stay afloat and last in this business, it needs to have on board ...

Two groups vie for Clark O&M
philstar.com - 3 months ago
MANILA, Philippines -- Only two groups have submitted bid documents for the operations and maintenance (O&M) contract of Clark International Airport, the Department of Transportation ... for the bidding process, the technical and financial evaluation.

Angkasa Pura, Changi airports submit bids for Clark O&M
Philippine Information Agency - 3 months ago
The firms which submitted the bid documents are 1) X-Droid Consortium, members of which are Angkasa Pura II, Globalport 900, Mazy Capital and Desco, and 2) North Luzon Airport Consortium whose members are Filinvest Development Corporation, JG Summit ...

PSEi falls, closes below 7,000 mark
Inquirer - 3 months ago
The local stock barometer yesterday fell below ... which respectively fell by 4.98 percent and 5.21 percent. The government recently named the consortium led by Davao-based businessman Dennis ...

2 groups vie for Clark airport O&M deal
Inquirer - 3 months ago
Bingcang, who is also BCDA vice president for business development and operations, told reporters that the next stage would be the opening of the technical and financial proposals. The DOTr and ...

DTI chief opens Philippine pavilion at China expo
BusinessMirror - 3 months ago
Commission on Higher Education, Department of Tourism, the Tourism Promotions Board, Philippine Chamber of Commerce and Industry, Philippine Airlines, Federation of Filipino-Chinese Chambers of ...

IN CHARTS: Telco promises of Chavit Singson vs Dennis Uy-China Telecom
Rappler - 3 months ago
MANILA, Philippines - Impressed by or skeptical of the provisional 3rd telecommunications player's promises? Well, Chavit Singson's disqualified consortium is fighting to give Filipinos the moon and stars. Services would be super cheap, if their plans ...

PT&T, SEAR file motions for reconsideration on 3rd telco bid
CNN Philippines - 3 months ago
SEAR Telecoms-- the consortium of Mindanao-based TierOne Communications with the Luis Chavit Singson Group of Companies-- and the Philippine Telegraph and Telephone Company (PT&T) both filed their ...

Villar group pulls out of race for 3rd telco
Inquirer - 3 months ago
Golden Bria--now valued by the stock market at over P200 billion, or more than double the valuation of flagship property business Vista Land--had been among the companies speculated by stock ...

2 groups submit bids for Clark airport O&M
BusinessWorld - 3 months ago
Awarding of the contract is scheduled in December. North Luzon Airport Consortium is composed of Gotianun-led Filinvest Development Corp., Gokongwei-led JG Summit Holdings, Inc.. Philippine Airport Ground Support Solutions, Inc., and Changi Airport ...

JG Summit profit falls in Q3
BusinessWorld - 3 months ago
JG Summit Holdings, Inc. saw its attributable profit drop by a fourth in the third quarter of 2018, as the weak peso weighed on its petrochemicals, food, and airline businesses. In a regulatory filing, the Gokongwei-led conglomerate reported a net income ...

PAL operator trims losses in Q3
BusinessWorld - 3 months ago
In a regulatory filing, PAL Holdings, Inc. said its revenues grew 22% to P36.94 billion during the July to September period, on the back of an "increase in number of passengers as a result of additional flight frequencies and introduction of new routes."