CA affirms junking of Philcomsat case
Philippine Daily Inquirer - 2016-11-01
The Court of Appeals (CA) has affirmed a Department of Justice (DOJ) resolution dismissing the P122-million estafa case filed against the officials of Philcomsat Holdings Corporation (PHC), Philcomsat and the Philippine Overseas Telecommunications ...

CA affirms junking of Philcomsat case
Philippine Daily Inquirer - 2016-11-01
The Court of Appeals (CA) has affirmed a Department of Justice (DOJ) resolution dismissing the P122-million estafa case filed against the officials of Philcomsat Holdings Corporation (PHC), Philcomsat and the Philippine Overseas Telecommunications ...

Globe rides on Pokémon Go craze
Philstar - 2016-11-01
MANILA, Philippines - Globe Telecom Inc. has entered into a partnership with The Pokémon Company and game developer Niantic Inc. to promote the Pokémon Go game in the Philippines. The partnership, which is the first to be entered into by Niantic ...

PhilWeb special block sale under review
Philstar - 2016-11-01
In the case of PhilWeb Corp., a similar case happened before in 2011 when Ongpin completed the takeover of PBCom. During that time, the SEC agreed to waive the mandatory tender offer requirements for buyers of a controlling stake in a publicly listed company.

Biz buzz: Freebie-minded Cabinet official
Inquirer - 2016-11-01
You see, Flores was educated in the US (having graduated from the Jesuit-run Fordham University in New York, after his early education at the Ateneo de Manila University, according to the public portions of the Facebook profile). At the same time ...

CebuPac eyes more Chinese travelers
thestandard.com.ph - 2016-11-01
Cebu Air Inc., the operator of budget carrier Cebu Pacific, said it expects more Chinese tourists to come to the Philippines, after Manila strengthened its economic ties with Beijing. "Strong economic ties between the Philippines and China would only ...

BDO maintains status as largest Philippine bank
Philstar - 2016-11-01
and Aboitiz-owned Union Bank of the Philippines with P372.84 billion. In terms of capital, BDO dominated the industry with P210.55 billion followed by Metrobank with P189.6 billion, BPI with P155.42 billion, and PNB with P101.99 billion. Security Bank ...

3 things moms should know about pursuing their passions
Philstar - 2016-11-01
I was recently reminded of this when a fellow mom told me about what she had learned from an event organized by Security Bank, where Unit Investment Trust Funds or UITF was discussed. My friend Em Sulit (second from right) with the speakers of the ...

LIST: Domestic flights canceled due to bad weather
Philstar - 2016-11-01
Philippine Airlines Express (PAL Express) grounded two of their flights headed to and from Batanes, including those to and from Catarman in northern Samar due to anticipated bad weather brought by a low pressure area (LPA) nearing the Philippines.

Longest urban park in Metro Manila opens in BGC
news.pia.gov.ph - 2016-11-01
In photo from L-R: Lourdes Reyes (Chief Finance Officer, Fort Bonifacio Development Corp.); Meean Dy (Group Head, Strategic Landbank Management, Ayala Land Inc.); Manny Blas (Head of Commercial Operations, Fort Bonifacio Development Corp.); Hon.

Longest urban park in Metro Manila opens in BGC
news.pia.gov.ph - 2016-11-01
In photo from L-R: Lourdes Reyes (Chief Finance Officer, Fort Bonifacio Development Corp.); Meean Dy (Group Head, Strategic Landbank Management, Ayala Land Inc.); Manny Blas (Head of Commercial Operations, Fort Bonifacio Development Corp.); Hon.

Bed space leasing business booming in Manila
m.bworldonline.com - 2016-11-01
Anchor Land Holdings, Inc. also looks to serve the "mobile employee and student" segments of the property market. It plans to develop 10,000 bed spaces near the Bay Area in Pasay, Bonifacio Global City in Taguig, Vertis North in Quezon City and ...

Cebu Holdings Inc (CHI)
investing.com - 2016-11-01
Cebu Holdings Inc. is a property development company. The Company is engaged in real property ownership, development, marketing and management. Its segments include Commercial development, Residential development, Shopping centers, Corporate business and ...

Symantec Releases Next-Gen Cyberdefense (SYMC)
Investopedia - 2016-11-01
Symantec Corp. (SYMC) recently announced its latest Symantec Endpoint Protection 14 technology. "Artificial intelligence fused with critical endpoint technologies deliver the most complete endpoint security on the planet," boasts the cybersecurity ...

Tuna canner gets license for iconic bagoong
Inquirer - 2016-10-31
Century Pacific Food Inc. (CNPF) has acquired the license to produce leading shrimp paste "Kamayan" for the US and Canada markets, a move seen to boost its international food portfolio. Through wholly owned subsidiary Century Pacific Seacrest Inc., the ...

PSE slates free investing webinar on Nov 4 and 11
Philstar - 2016-10-31
To be conducted by the PSE Academy, the official market education website of the Philippine Stock Exchange, Inc. (PSE) created in partnership with the PSE Foundation, Inc., this virtual coaching is part of PSE's active move to boost the stock market ...

Watsons to open more pharmacies in Cebu
Philstar - 2016-10-31
Watsons opens an average of 80 to 100 stores annually. In 2002, AS Watson Group joined hands with SM Prime Holdings Inc., in a joint venture deal. The partnership brought about the first Watsons stores in SM Megamall and The Podium (Ortigas) in Manila.

Are we ready for the jobless miners?
Philstar - 2016-10-31
For one, to say that mining communities are among the poorest in the country is downright false. As Cebuanos, we are living witnesses of how the families in the immediate environs of the then prosperous Atlas Consolidated Mining and Development Corp. (now ...

Oil firms hike gas, diesel prices anew
Philstar - 2016-10-31
In separate text advisories, Eastern Petroleum Corp., Phoenix Petroleum Philippines and PTT Philippines announced a price hike of P0.10 per liter on gasoline and on diesel effective 6 a.m. UniOil Petroleum Philippines Inc. said it would increase the price ...

Water crisis looms in Metro Manila
Philippine Daily Inquirer - 2016-10-31
Metro Manila faces a water crisis unless the government ... its more than 15 million inhabitants four years from now, a private water concessionaire said. Maynilad Water Services Inc. said the government still had no concrete backup plan for the current ...

MPTC re-evaluates project cost of P28-B Cebu-Cordova Bridge
Philstar - 2016-10-31
MANILA, Philippines - The tollway unit of Metro Pacific Investments Corp. (MPIC) is reviewing the Cebu-Cordova Bridge project to determine its new cost as it defers the implementation of one component of the project. "The review is ongoing to determine ...

Expressway link starts 2018
Manila Standard Today - 2016-10-31
The tollway unit of Metro Pacific Investments Corp. said it will start the construction of the P23-billion expressway linking North Luzon Expressway and South Luzon Expressway by 2018. Metro Pacific Tollways Corp. president and chief executive Rodrigo ...

Bed space leasing business booming in Manila
BusinessWorld Online - 2016-10-31
SM Investments Corp., for one, intends to invest in Philippines Urban Living Solutions ... Vertis North in Quezon City and University Belt in Manila. "Investors (buyers of condominium units) are also targeting the same market and there will be an ...

Meralco unit to pick contractor for 1,200-MW plant
thestandard.com.ph - 2016-10-31
Atimonan One Energy Inc., a power producer controlled by Meralco PowerGen Corp., shortlisted three engineering, procurement and construction contractors for the 1,200-megawatt supercritical pulverized coal-fired power plant in Atimonan, Quezon. The company ...

Expressway link starts 2018
thestandard.com.ph - 2016-10-31
The tollway unit of Metro Pacific Investments Corp. said it will start the construction of the P23-billion expressway linking North Luzon Expressway and South Luzon Expressway by 2018. Metro Pacific Tollways Corp. president and chief executive Rodrigo ...

Bayanihan to restore typhoon-damaged power facilities
news.pia.gov.ph - 2016-10-31
We are calling several unaffected industry participants like MERALCO and the Aboitiz Group to help in the restoration ... (QUIRELCO), Manila Electric Co., Davao Light & Power Co., Visayas Electric Corporation, Tarlac Enterprise Inc., Cabanatuan Electric ...

Meralco unit to pick contractor for 1,200-MW plant
thestandard.com.ph - 2016-10-31
Atimonan One Energy Inc., a power producer controlled by Meralco PowerGen Corp., shortlisted three engineering, procurement and construction contractors for the 1,200-megawatt supercritical pulverized coal-fired power plant in Atimonan, Quezon. The company ...

After a week of big bang IPOs of PNB Housing, Varun Beverages; wait for listing day performance
Economic Times - 2016-10-31
Continental Warehousing Corporation (Nhava Seva), Genesis Colors, GR Infraprojects, Security & Intelligence Services and Archit Organosys. Others included IP Rings, Aster DM Healthcare, Pratap Snacks and Sheela Foam, among others. "Over the next six to ...

Uncoordinated demolition led to traffic chaos at NAIA T3 - DOTr
interaksyon.com - 2016-10-31
Thus, DMCI, the contractor, immediately stopped the demolition works, but by then, one lane had already become unpassable. Engr. Alec Cruz, head of Tollways operation of Skyway, went to the site and verified the situation to find out if it was possible to ...

ABS-CBN expects DTT business to be profitable next year
Philstar - 2016-10-31
MANILA, Philippines - ABS-CBN Corp. expects its Digital Terrestrial Television (DTT) business to be profitable and its mobile business to break even by next year. "We see DTT as a profitable line of business next year," ABS-CBN chief financial ...

Sy, Tieng family eye $50-B Cavite project
Philstar - 2016-10-31
The unsolicited proposal competes with another international airport project amounting to $10 billion proposed by San Miguel Corp. president and COO Ramon Ang, possibly in partnership with corporate tycoon Manuel V. Pangilinan. Belle Corp., the high-end ...

Duterte wants law on use of coco levy funds for farmers - finance chief
Rappler - 2016-10-31
They were supposed to go to the development of the coconut industry, but instead went to Marcos crony Eduardo Cojuangco Jr, who converted them into stocks in the San Miguel Corporation. In 2012, the Supreme Court ruled that the coco levy funds should be ...

Dads OK amendment of Whitewater Rafting Law
news.pia.gov.ph - 2016-10-31
Pascual and Ian Mark Q. Nacaya, respectively. (JAO/SP) The Philippine Information Agency (PIA) directly serves the Presidency and the Executive Branch on the national, regional and provincial levels through its sixteen (16) regional offices and seventy-one ...

DOE, private sector push prepaid power service
news.pia.gov.ph - 2016-10-31
Energy Secretary Alfonso G. Cusi said, "The PRES is one of the options being offered to households in the DOE-identified areas for electrification implemented by our partner, Manila Electric Co. (MERALCO)." In 2015, the Energy Regulatory Commission ...

COCKTALES | PAL to build elevated walkway to connect Terminals 2 and 3
interaksyon.com - 2016-10-31
Philippine Airlines plans to build an elevated walkway with a walkator to connect Terminals 1 and 2 of the Ninoy Aquino International Airport to lessen passenger interconnection time and help reduce vehicular traffic within the congested corridor.

Conflict of interest
thestandard.com.ph - 2016-10-31
Transportation Undersecretary Noel Kintanar was assistant vice president of Ayala Corp. and was instrumental in the acquisition of railway projects under the Aquino administration. Undersecretary for Air Operations Bobby Lim was the former country manager ...

Phinma keen on Pangasinan LNG plant
thestandard.com.ph - 2016-10-30
Phinma Energy Corp. is keen on developing an integrated liquefied natural gas facility in Sual, Pangasinan, an executive said over the weekend. Phinma senior vice president for energy resources development Raymundo Reyes said the feasibility study for the ...

Market likely to remain volatile
thestandard.com.ph - 2016-10-30
Heavy losers included holding firms GT Capital Holdings Inc. which declined by 7.7 percent to P1,311, Alliance Global Group Inc. which went down by 6.7 percent to P14.56 and DMCI Holdings Inc. which dropped 6.3 percent to P12.50.

Century Pacific Food gets Kamayan brand
thestandard.com.ph - 2016-10-30
Century Pacific Food Inc. said wholly-owned subsidiary Century Pacific Seacrest Inc. acquired the license to the Kamayan trademark for North America. Kamayan is one of the top brands in the US market for shrimp paste-a popular condiment in Philippine ...

Century Pacific Food gets Kamayan brand
Manila Standard Today - 2016-10-30
Century Pacific Food Inc. said wholly-owned subsidiary Century Pacific Seacrest Inc. acquired the license to the Kamayan trademark for North America. Kamayan is one of the top brands in the US market for shrimp paste-a popular condiment in Philippine ...

Ceres La Salle posts record finish in Singapore Cup
Philstar - 2016-10-30
The Busmen scored the highest finish for a Philippine side in the annual international club competition, surpassing the achievements of Global FC and Loyola Meralco Sparks, which had previously placed fourth. Ceres found itself playing catch up in the ...

PAL boosts US flights with new Boeing planes
Philstar - 2016-10-30
SEATTLE - Flag carrier Philippine Airlines Inc. (PAL) is beefing up flights to the United States by the end of the year with the delivery of two brand-new Boeing 777-300 ERs to cope with strong demand. Jaime Bautista, president and COO of PAL ...

Aviation sector eager to fly
Philstar - 2016-10-30
Our local aviation sector has done miraculously well, given the circumstances. Indeed, the fighting spirit of the local airlines, Philippine Airlines and Cebu Pacific, is nothing short of heroic. Both airlines have heavily invested in modernizing their fleet.

Higinio Macadaeg gets top UCPB post
Philstar - 2016-10-30
MANILA, Philippines - The board of the state-owned United Coconut ... Bank & Trust Co., a position he inherited from Solidbank Corp. which was acquired by Metrobank in 2000. Macadaeg was with Solidbank since 1993, before which he served as vice-president ...

Ayala-led Sicogon Island project faces delay
Philstar - 2016-10-30
The legal consultant said the BALA would still need to check with the Office of the DAR Secretary, Court of Appeals, and Office of the President if any case was filed against the order before the Certificate of Finality would be issued to Ayala Land Inc ...

DOE to accelerate adoption of renewable energy with the Net Metering
news.pia.gov.ph - 2016-10-30
The Department of Energy is accelerating efforts to provide consumers with more sustainable energy choices by organizing through its Consumer Welfare and Promotion Office an orientation about the Net Metering Program of Meralco as it observed its 2016 ...

Conflict of interest
thestandard.com.ph - 2016-10-30
Felipe Judan, Undersecretary for Maritime Affairs, once served in the Southwest Marine Group which includes among its clientele Petron of businessman Ramon Ang who owns majority share of Manila North Harbor Port Inc. This is where inter-island vessels ...

Phinma keen on Pangasinan LNG plant
thestandard.com.ph - 2016-10-30
Phinma Energy Corp. is keen on developing an integrated liquefied natural gas facility in Sual, Pangasinan, an executive said over the weekend. Phinma senior vice president for energy resources development Raymundo Reyes said the feasibility study for the ...

Market likely to remain volatile
thestandard.com.ph - 2016-10-30
Top gainers last week were casino operator Bloomberry Resorts Corp. which climbed 2.3 percent to P5.92 and port operator International Container Terminal Services Inc. which went up by 2.2 to P77.80. Both companies are owned by billionaire Enrique Razon.

Meralco upgrades customer info system
Philstar - 2016-10-30
MANILA, Philippines - Manila Electric Co. wants to put in place a new customer information system (CIS) worth P1.76 billion to meet the needs of a growing customer base. Meralco asked the Energy Regulatory Commission for a provisional authority to ...