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."

Cebu Air swings to P518M loss in Q3
BusinessWorld - 3 months ago
CEBU AIR, Inc. swung to a P518.4-million net loss in the third quarter from a P42-million profit a year ago, amid the continued rise in fuel prices and weakness of the Philippine peso against the US dollar. In a regulatory filing, the operator of budget ...

Metrobank raises P10 billion from fixed-rate bonds
BusinessWorld - 3 months ago
Metrobank posted a P5.3-billion income in the second quarter, up 31% from the P3.9 billion tallied the previous year on the back of its robust core business. Shares in Metrobank went down 50 centavos or 0.76% to close at P65.05 each on Friday.

RCBC, EastWest Bank book lower profits in first nine months
BusinessWorld - 3 months ago
RIZAL Commercial Banking Corp. (RCBC) and East West Banking Corp. (EastWest Bank) saw their net incomes decline in the first nine months due to lower trading gains and revenues, respectively. In a disclosure on Friday, RCBC said it posted a consolidated ...

Shares decline as market digests economic growth print
BusinessWorld - 3 months ago
SHARES SLUMPED on Friday as investors continued to sell their holdings after the slower third-quarter gross domestic product (GDP) growth data released on Thursday. The 30-member Philippine Stock Exchange index lost 0.95% or 66.89 points to close at 6,968 ...

Fight not over: PT&T, Chavit Singson's Sear appeal 3rd telco bid
Rappler - 3 months ago
The Philippine Telegraph and Telephone Corporation (PT&T) filed a motion for reconsideration, asking the NTC for a certification of technical capability. The certification requires the bidder to have operated on a national scale for at least 10 years.

PIA-Kalinga holds forum for senior high school studes
Philippine Information Agency - 3 months ago
CITY OF TABUK, Kalinga, Nov. 8 (PIA)-- About 600 senior high students of Tabuk City National High School ... and arts to stay solid and united amid the adversaries of modernization," Ngao-I told the students. To add fun and excitement, the Philippine ...

Doing good business
Inquirer - 3 months ago
Most of her clients are from the NGO sector such as, the World Health Organization, Investing in Women (AusAid), and Philippine Business for Education. Her other clients are from corporations such ...

Living life closer to nature in Pampanga
philstar.com - 3 months ago
It houses recreational facilities if you want to take things light, at the same time entertainment facilities are open if you feel like ending the day on a high note ... Club and Ayala Land Premier. The West Side will have educational institutions ...

HOAX: Angat Buhay houses in Marawi have no water and power supply
Rappler - 3 months ago
Miguel Imperial/Rappler.com If you suspect a Facebook page, group, account, a website, or an article is spreading false information, let Rappler know by contacting us at factcheck@rappler.com. Let us battle disinformation one Fact Check at a time.

Who is Imelda Marcos?
CNN Philippines - 3 months ago
April 29, 1998 - Withdraws from the presidential race. October 6, 1998 - The Philippine Supreme Court overturns her 1993 corruption conviction. Marcos faced a 12-year prison sentence and $4.3 ...

Fla. Co. Says Its Account Has No Place In Investor Row
Law360 - 3 months ago
Several family members and a few companies may have a claim to the accounts, and Citibank Switzerland AG, in Zurich, may also have additional ... including Eurocredit Finance Corp., a Cayman Islands company that said its assets -- including deposit ...

Bank ties up with fintech company
Inquirer - 3 months ago
In a statement, Security Bank said it teamed up with PisoPay.com ... accounts of participating banks and nonbank issuers in the Philippines. "Thousands of OFWs (overseas Filipino workers ...

Livelihood programs poured in Marawi
Philippine Information Agency - 3 months ago
Rebuilding Support Meanwhile, Aboitiz Infrastructure unit Republic Cement launched "Mindanao," a new line of cement to help ensure that supply is ready for the incoming construction requirements to rebuild Marawi. "Mindanao" is a blended cement type 1P ...

GERI posts 14% growth in bottom line
Inquirer - 3 months ago
Leisure estate developer Global-Estate Resorts Inc. (Geri), a subsidiary of Megaworld, grew net profit attributable to equity holder of parent firm in the first nine months by 14 percent year-on ...

Only 1 of 13 mining firms passes DENR review
Inquirer - 3 months ago
Only Palawan-based Berong Nickel Corp., a subsidiary of Consunji-led DMCI ... Claver, Oriental Synergy and Ore Asia were said to have scored below the passing grade of 1.5. Cited violations ...

How our Constitutions came to be
Inquirer Opinion - 3 months ago
As a historian, I cannot help but see the present in the light of the late 19th century because of the two periods ... He issued orders against torture, illegal arrest and seizure of property, etc. In the wake of recent reports of "palit-puri ...

Ensuring a strong foothold
Inquirer - 3 months ago
How does a brand remain relevant to its market? With the influx of new players wanting to be part of the Philippine economic growth story, what can veteran brands do to cement their position in ...

Sun Life retains top spot in 2017
philstar.com - 3 months ago
MANILA, Philippines -- Sun Life of Canada (Philippines) Inc. has maintained its spot as the number one life insurance company in the country in terms of premium income in 2017, according to the Insurance Commission. Citing industry data, the IC said Sun ...

Emperador income rises 18% to P5 billion in Jan-Sept 2018
philstar.com - 3 months ago
MANILA, Philippines -- Emperador Inc. posted a net income of P5 billion in the first nine months, up 18 percent year on year. The company registered record high revenues of P30.5 billion or an increase of 11 percent. Emperador owns iconic brands Emperador ...

Manila Water income flat in January-September on rising cost
BusinessMirror - 3 months ago
MANILA Water Co. Inc., the concessionaire for the East Zone of Metro Manila, said its net income was flat during the three quarters of the year ending September as cost rise. The company said its net income was at P4.9 billion for the period on steady ...

Third-quarter GDP growth disappoints
BusinessWorld - 3 months ago
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said that "the BSP is done with tweaks this 2018," noting that the impact of monetary tightening can linger for a whole year from the time of tweaks. Economists from ANZ ...

BSP: Philippine banks ready for stricter global standards
BusinessWorld - 3 months ago
Bautista, president and chief executive officer of the Union Bank of the Philippines, replied when sought for comment. Banks in the country have embarked on fund-raising this year to raise fresh capital in anticipation of the implementation of the Basel ...

Minority senators nix China Telecom, but House leader backs it
BusinessMirror - 3 months ago
Why were the other bidders booted out? What is the track record of the winning bidder in the telecommunications business? Was the government opening up the bidding to other players just a ...

8990 targets to reach P20-B revenues by 2020
BusinessWorld - 3 months ago
8990 HOLDINGS, Inc. aims to generate P20 billion in revenues by 2020, driven by the completion of its mid-rise condominium project in Ortigas Extension. The listed mass housing developer said it should grow revenues by an average of 25-30% in the next two ...

Rental revenues drive GERI income 8% higher in Q3
BusinessWorld - 3 months ago
GLOBAL-ESTATE Resorts, Inc. is developing the 150-hectare Boracay Newcoast in the island destination. GLOBAL-ESTATE Resorts, Inc. (GERI) grew its attributable profit by eight percent in the third quarter of 2018, as rental income more than tripled during ...

Therma Power Visayas sets aside P892 million for Cebu plant
BusinessMirror - 3 months ago
NPPC was turned over to TPVI after it offered a bid of P1.088 billion. However, SPC Power Corp. exercised its right to top and matched the bid with an additional P54 million or a total of P1.143 ...

URC inks sustainable potato program with DA, donates quality seeds to co-op
BusinessMirror - 3 months ago
LISTED snack manufacturer Universal Robina Corp. (URC) has entered into a P5-million sustainable potato program partnership with the Department of Agriculture (DA) that seeks to improve local ...

PLDT investing P2 billion in tech start-up Multisys
BusinessMirror - 3 months ago
The transaction, done via investments arm PLDT Global Investments Holdings Inc., is expected ... First Pacific is the parent company of PLDT, Metro Pacific Investments Corp. and Philex Mining ...

Disqualified bidders still have chance at 3rd telco position -- Rio
CNN Philippines - 3 months ago
Bidders Philippine Telegraph and Telephone Corp. (PT&T) and SEARS Telecoms-- the consortium of Luis Chavit Singson, TierOne Communications, and a few foreign companies-- were disqualified from the ...

Lloyds Energy declares interest in PNOC LNG tie-up
BusinessWorld - 3 months ago
PNOC, along with its chosen joint venture partner, will be competing with the two other interested proponents: the consortium between Phoenix Petroleum Philippines, Inc. and China National Offshore Oil Corp. (CNOOC); and Lopez-led First Gen Corp., which ...

No security risk with China Telecom as partner of 3rd major telco: solon
newsbytes.ph - 3 months ago
"Besides, both PLDT and Globe are already at least 40 ... Holdings Corp., in partnership with China Telecom and Mindanao Islamic Telephone Co. Inc. "We are absolutely convinced that the ...

China Telecom among 3 groups that submitted offers for 3rd telco race
Inquirer - 3 months ago
Three third telco aspirants submitted offers to the National Telecommunications Commission (NTC) on Wednesday morning. The groups were the consortium of China Telecom and Davao-based businessman ...

Guv vows to oppose coal plants in Negros
Sun Star - 3 months ago
The municipality of Valencia in Negros Oriental, which hosts the Palinpinon geothermal power plants of the Energy Development Corporation, was also given the same citation. In his message during the awarding night, Degamo urged other LGUs in the country to ...

Meralco rate up 11.35¢/kwh
Inquirer - 3 months ago
Residential customers of Manila Electric Co. will pay more in their November bill with an increase of 11.35 centavos in its rate per kilowatt-hour, mainly due to higher power prices at the spot ...

Third telco comes roaring after duopoly in first salvo
Inquirer - 3 months ago
The local stock barometer slipped to the 7,000 mark on Wednesday, going against regional markets, as investors dumped incumbent telecom stocks at the conclusion of the race for the third telco ...

Udenna-China Telecom named provisional 3rd telco
Inquirer - 3 months ago
In dramatic fashion The bid deadline, which came a year since the Duterte administration launched its third telco initiative to end the PLDT Inc. and Globe Telecom duopoly, unfolded in dramatic ...

Emperador nets P5.2B as sales spike abroad
Inquirer - 3 months ago
The premium scotch whisky business continues to show robust growth led by The Dalmore single malt whisky. The brandy business continues to perform well as well with greater penetration into North ...

Globe joins Rise Against Hunger in making history
Inquirer.net - 3 months ago
Employees of Globe Telecom joined hundreds of volunteers from USA, Italy, India and South Africa, in helping international non-government organization Rise Against Hunger (RAH) achieve its goal of ...

Palace: No Duterte hand in third telco bidding
Inquirer - 3 months ago
Malacañang on Thursday said the link between President Rodrigo Duterte and Davao-based businessman Dennis Uy does not play a role in the selection of the "provisional" third major telco ...

AEV nets P17.3B in first nine months of 2018
Inquirer - 3 months ago
"We welcome the gains posted by our strategic business units for the first nine months of the year. This reflects the strength of a focused growth strategy that endeavors to do well by doing ...

Palace denies Duterte links to Udenna CEO abetted win in 3rd telco bid
CNN Philippines - 3 months ago
Davao tycoon Dennis Uy's Udenna Corporation and Chelsea Logistics Holdings, state-owned China Telecom, and the Mindanao ... the Department of Information and Communications Technology (DICT ...

WWI event may have been target for suspected plot against Macron - sources
Rappler - 3 months ago
One man was arrested in northern France and the woman in the southeast. Weapons were found at the homes of the suspects, the sources said. An inquiry opened by the Paris prosecutor's office, in charge of terrorism investigations across the country ...

Housing business continues to boost Vista Land profit
Inquirer - 3 months ago
Villar-led Vista Land & Lifescapes Inc. posted a 16-percent growth in its profit in the first nine months of the year, driven by its lucrative housing business. In a disclosure to the local bourse ...

AboitizPower 9-month net income rises 6%
BusinessMirror - 3 months ago
ABOITIZ Power Corp. (AboitizPower) on Wednesday reported a 25-percent jump in its net income in the third quarter of the year to P7.6 billion, bringing its nine-month income to P16.7 billion ...

With 3rd player, Poe sees telecom reforms
BusinessMirror - 3 months ago
Uy, a close associate of President Duterte. Earlier, Uy bought 45 percent of ISM Communications Corp., a listed company that used to control Eastern Telecommunications Philippines Inc. before it was bought out by San Miguel Corp. Chelsea Logistics Corp. is ...

AEV posts P7.2-billion net income in 3 rd quarter
BusinessWorld - 3 months ago
ABOITIZ Equity Ventures, Inc. (AEV) posted a consolidated third-quarter net income of P7.2 billion, higher by 28% from a year ago in part as the diversified holding company recorded one-off foreign exchange gains to reverse losses in the same period last year.