New US-Philippine joint venture to create around 1,000 jobs in Batangas
news.pia.gov.ph - 2016-10-20
Sta. Teresita, Santo Tomas, Batangas last October 10, 2016. Cargill Philippines, Inc. and Jollibee Foods Corporation have entered into a joint venture to build and operate a poultry processing plant. The facility will provide dressed and marinated chicken ...

Microsoft launches first joint Transparency Center and Cybersecurity Center in the world
Microsoft - 2016-10-20
Access to this center is open to government ... child sexual exploitation online, as well as cyber threat intelligence sharing partnerships with several Internet Service Providers in the region and government Computer Emergency Response Teams (CERTs).

Chinese company banned by World Bank bags PH infrastructure project
Inquirer - 2016-10-19
CRBC is a subsidiary of China Communication Construction Co. (CCCC) Ltd., which in 2011, the World Bank also sanctioned as a result of ... CCCC Dredging, the largest dredging company in the world, signed an investment project with Mega Harbour Port for ...

Cooking up the holidays
BusinessMirror. - 2016-10-19
Some members of media, including myself, were given a peek at how these celebrities spend their Christmases at a special get-together sponsored by San Miguel Corp. With its spacious San Miguel Pure Foods Culinary Center (SMPFCC) decked out in beautiful ...

P12-B GT Capital pref share sale oversubscribed
Philstar - 2016-10-19
MANILA, Philippines - GT Capital Holdings saw its preferred share sale oversubscribed by more than five times after Investors gobbled up the stocks. The offer is already 5.2 times oversubscribed as of press time yesterday on strong demand from investors ...

Ayala energy unit doubles investment target to P80 B
Philstar - 2016-10-19
By then, AC Energy hopes to become a major contributor to its parent firm Ayala Corp., its top official said yesterday. The company has laid down three pillars to deliver an additional 1,000 MW in the next four years and part of that plan is expanding the ...

Court ruling on power plant disadvantageous to government - SPC
Philstar - 2016-10-19
CEBU, Philippines - Publicly-listed SPC Power Corporation called the recent ruling of the Supreme Court on the Naga Power Plant Complex in Cebu as "grossly disadvantageous to the government." "The company is preparing its motion for reconsideration to ...

Duterte to witness signing of private sector deals
Inquirer - 2016-10-19
The first deal involves China Communications Construction Corp. (CCCC), through China Harbour Engineering Co. Ltd., and it is for the proposed Subic ... Holdings Inc., the operator of the Manila-Cavite coastal road tollway controlled by Metro Pacific ...

Globe spending $300 M more for network upgrade
Philstar - 2016-10-19
MANILA, Philippines - Globe Telecom Inc. is raising its 2016 capital expenditure by $300 million for network expansion. In a disclosure to the Philippine Stock Exchange yesterday, Globe said the "management is seeking approval from its board of ...

SM Group scores big in China
Philstar - 2016-10-19
SM currently operates six super malls located in Jinjiang, Chengdu, Suzhou, Chongqing, Zibo and Xiamen with plans to expand in other cities by initially putting up one mall per year. While other investors have shied away from China, the Sy family - whose ...

Power of families
Philstar - 2016-10-19
The oldest existing family businesses in the Philippines are Destilleria Limtuaco and Ayala Corporation. In 1850 Lim Tua Co migrated from China to the Philippines. In 1852, he opened a shop in Binondo, Manila that sold medicinal wine that was supposed to ...

Saving jobs and investments
thestandard.com.ph - 2016-10-19
Santa Banana, that could well be the answer to this controversy. Securities and Exchange Commission chairperson Teresita Herbosa has directed Philweb, an online gambling company, to tender an offer to stockholders after businessman Robert V. Ongpin ...

Market soars; PXP, Cemex up
thestandard.com.ph - 2016-10-19
Robinsons Retail Holdings Inc. climbed 9 percent to P78.50, while Cemex Holdings Philippines Inc. gained 5.7 percent to P11.60. Universal Robina Corp. rose 5.1 percent to ... climbing against the dollar for the first time in eight sessions.

Prepare for the worst
Manila Bulletin - 2016-10-19
A total of nine vessels, 43 motor bancas, and 35 rolling cargoes were also stranded. Meanwhile, the Philippine Airlines (PAL) has cancelled some local flights originally scheduled for Thursday due to Lawin. These flights are PR 2014 Manila-Tuguegarao ...

Market soars; PXP, Cemex up
thestandard.com.ph - 2016-10-19
All six sectors advanced, while the 20 most active stocks ended in the green, led by PXP Energy Corp., formerly Philex Petroleum Corp., which jumped 10.2 percent to P4.45, as President Rodrigo Duterte visited China to calm tension over the South China Sea ...

Ayala set to invest P80b in power plants
thestandard.com.ph - 2016-10-19
AC Energy Holdings Inc., the energy arm of Ayala Corp., committed to invest close to P80 billion to bring its capacity to 2,000 megawatts in the next five years. AC Energy president John Eric Francia told reporters the company was previously looking at ...

Globe raising $300m
thestandard.com.ph - 2016-10-19
Globe Telecom Inc. said it plans to raise capital expenditures by $300 million this year for network expansion. Globe said it was seeking approval from its board of directors for an additional $300 million to be invested for network expansion. The company ...

Cintas Corporation To Deploy Workhorse E-GEN(TM) Step Van In Field Test
www.thestreet.com - 2016-10-19
Cintas Corporation (Nasdaq: CTAS) announced that it will deploy a Workhorse E-GEN(TM) hybrid electric step van in its fleet ... Buildings fund or face a director-election proxy contest next year.

All common shares of Century Properties now listed at PSE
BusinessMirror. - 2016-10-19
DEVELOPER Century Properties Group Inc. (CPGI) on Wednesday said it has fully complied ... The company said it has secured approval from the Philippine Stock Exchange (PSE) in August to list a total of 7.41 billion common shares. "As the company has ...

AC Energy to raise power-generating capacity by 1,000 MW by 2020
BusinessMirror. - 2016-10-19
"A lot of it will come from internal funding. We can start tapping debt also," he said. Ayala Corp. has already committed close to P40 billion of investments in AC Energy, and is expected to increase its investments over the next five years. AC Energy ...

ArthaLand to launch P11.5-billion Cebu project
Manila Bulletin - 2016-10-19
Green developer ArthaLand Corporation, the boutique real estate arm of the Po family, is expanding outside Metro Manila with the planned launch of its P11.5-billion Cebu Exchange office tower. In a press briefing, ArthaLand President Angela De Villa-Lacson ...

Ayala energy investments to double: P80 B
Manila Bulletin - 2016-10-19
AC Energy Holdings, Inc., the energy development arm of Ayala Corporation, is concretizing greenfield project blueprints as well as mergers and acquisitions in its bid to double power investments to about P80 billion in the next five years, roughly P40 ...

ArthaLand to launch P11.5-billion Cebu project
Manila Bulletin - 2016-10-19
Green developer ArthaLand Corporation, the boutique real estate arm of the Po family, is expanding outside Metro Manila with the planned launch of its P11.5-billion Cebu Exchange office tower. In a press briefing, ArthaLand President Angela De Villa-Lacson ...

Sandiganbayan affirms graft charges vs Pichay over LWUA losses of P80M
Rappler - 2016-10-19
MANILA, Philippines - The Sandiganbayan 4 th Division affirmed all 3 counts of graft charges against top officials of the Local Water Utilities Administration (LWUA) led by former board chairman and now Surigao del Sur Representative Prospero Pichay Jr ...

Power spot market prices nearly halved in Sept
Philstar - 2016-10-19
For the month of October, Manila Electric Co. (Meralco) announced electricity rates declined by P0.1216 per kwh, the third straight month on the downtrend, due to lower transmission and generation charges. Lower WESM charges offset the increase in ...

Siquijor gov steers province's growth
news.pia.gov.ph - 2016-10-19
The building will house business establishments like the Development Bank of the Philippines (DBP), Philhealth, Social Security System (SSS), among others. Its third floor is said to house the biggest convention center in the province. The government-owned ...

WikiLeaks emails: Clinton pushed for foundation meeting in Morocco
MSN - 2016-10-18
More of Clinton campaign chair John Podesta's emails have been released by WikiLeaks. In one, aides bicker over Hillary Clinton's scheduled presence at a Clinton Foundation meeting in Morocco.

AT&T to buy Time Warner in $80 billion deal
MSN - 2016-10-18
AT&T has reportedly reached a deal to buy Time Warner for more than $80 billion. CBSN's Reena Ninan has the latest details on the mega merger.

CAAP bans Note 7
thestandard.com.ph - 2016-10-18
Philippine Airlines also issued an advisory against carrying or using Samsung Note 7 on its flights. "If a passenger is in possession of a Samsung Note 7 prior to boarding an aircraft, the airline will deny boarding until the device is removed his/her ...

World Bank, Despite Promises, Finances Big Coal and Industrial Projects That Threaten Water, Communities
Circle of Blue - 2016-10-18
In 2015, the finance corporation put $US 75 million more in Rizal. Rizal, in turn, managed $US 711 million of dollars in corporate bonds for Ayala Corporation, a Philippine conglomerate that spent US$155 million to buy a 17 percent ownership stake in the ...

RP Energy inks contracts for Subic coal power plant
Philstar - 2016-10-18
RP Energy signed a construction contract with Azul Torre Construction Inc. and a supply contract with Korean firm Doosan Heavy Industries & Construction Co. Ltd., Aboitiz Power Corp. disclosed to the Philippine Stock Exchange yesterday. "The power plant ...

Philippine e-commerce lags behind Asian peers
Philstar - 2016-10-18
He said the DICT is also set to formalize its partnership with the UREKA Forum, a consortium of companies spearheaded by Union Bank of the Philippines, seeking to convene businesses, institutions and industry experts in order to provide a platform where ...

ERC grants license to Vivant unit
Philstar - 2016-10-18
CEBU, Philippines - The Energy Regulatory Commission awarded a Retail Electricity Supplier (RES) license to Corenergy Inc, a unit of publicly listed Cebu-based Vivant Corp., which means it can now operate its retail supply business. Corenergy is into ...

20 more mine sites to lose MPSAs soon
BusinessMirror. - 2016-10-18
One of the companies that stand to lose their MPSAs for being in PAs is Hinatuan Mining Corp., a subsidiary of Nickel Asia Corp., which has a nickel mine on Manicani Island in Guiuan, Eastern Samar. Recently, Lopez had ordered two mining operations on ...

PAL enforces Samsung smartphone ban
Philstar - 2016-10-18
MANILA, Philippines - The Philippine Airlines (PAL) is now enforcing a total ban on Samsung Galaxy Note 7 smartphones. In a statement issued yesterday, PAL spokesperson Cielo Villaluna said the airline will bar travelers from boarding their flights until ...

Gassing up
thestandard.com.ph - 2016-10-18
Phoenix Petroleum PH, Unioil, Chevron (Caltex) Seaoil, Petron, Flying V, Eastern Petroleum and PTT Philippines-which announced an increase in gasoline and diesel prices by P0.25/liter. PNA

Gassing up
thestandard.com.ph - 2016-10-18
A gas attendant refuels the oil tank of a vehicle owner beating the Tuesday midnight deadline of oil firms -Shell, Phoenix Petroleum PH, Unioil, Chevron (Caltex) Seaoil, Petron, Flying V, Eastern Petroleum and PTT Philippines-which announced an ...

Is there a favored player?
Philstar - 2016-10-18
There is talk that the PCC wants to have the telco acquisition deal between San Miguel Corporation (SMC) on one hand and PLDT/Smart Communications and Globe Telecom on the other set aside because the commission is reserving a slot in the Philippine telecom ...

Gassing up
thestandard.com.ph - 2016-10-18
A gas attendant refuels the oil tank of a vehicle owner beating the Tuesday midnight deadline of oil firms -Shell, Phoenix Petroleum PH, Unioil, Chevron (Caltex) Seaoil, Petron, Flying V, Eastern Petroleum and PTT Philippines-which announced an ...

Du30 to take Silk Road
thestandard.com.ph - 2016-10-18
Sy Sr. who controls SM Investments Corp.; as well as liquor and tobacco magnate Lucio C. Tan, who also owns Philippine Airlines, Inc. In his interview with Xinhua, Duterte also said an "outsider" that he did not name tried to meddle in the South China ...

Market rebounds; JG climbs
thestandard.com.ph - 2016-10-18
The Philippine Stock Exchange index, the 30-company benchmark ... while 19 of the 20 most active stocks ended in the green, led by JG Summit Holdings Inc., the investment company of tycoon John Gokongwei which went up 6.6 percent to P76 and SM Prime ...

Gassing up
thestandard.com.ph - 2016-10-18
A gas attendant refuels the oil tank of a vehicle owner beating the Tuesday midnight deadline of oil firms -Shell, Phoenix Petroleum PH, Unioil, Chevron (Caltex) Seaoil, Petron, Flying V, Eastern Petroleum and PTT Philippines-which announced an ...

Relocating to Nueva Ecija
Manila Standard Today - 2016-10-18
Three conglomerates have expressed interest in bidding for the project on November 24--the San Miguel Consortium, the DMCI Consortium and the Megawide Consortium. All are qualified. The prison complex at Laur, Nueva Ecija can accommodate 26,880 prisoners ...

1,000 top traders seen to join Duterte events in China
Global Nation - 2016-10-18
The private sector delegation from the Philippines will include business tycoons like Hans Sy (SM group), Lance Gokongwei (JG Summit), Lucio Tan (LT Group), Carlos Chan (Liwayway Group), Ramon Ang (San Miguel group), Andrew Tan (Megaworld/Alliance ...

FMI sees 2020 Japan Olympics as boosting deployment of OFWs
BusinessMirror. - 2016-10-18
FMI holds the local master franchise for ServiceMaster Co. USA, a restoration and cleaning service provider that has been supplying janitorial and maintenance services to many institutional clients, including Solid Bank, Asia United Bank, Capitol ...

Property sector continues to grow
BusinessMirror. - 2016-10-18
"There will be little land left for development," he said. Moving forward, Leechiu said he expects Bonifacio Global City, Bay Area, Filinvest City and Arca South as the projects to watch, because of their huge impact not only to the property sector but ...

Leyte guv urges to fight for freedom from poverty, crimes, drugs
news.pia.gov.ph - 2016-10-18
He sent this to the US forces thru semaphore flag signaling to save the lives of thousand Leytenos which eventually led to the liberation of the Philippines from the Japanese Imperial forces. "Let us fightt to achieve freedom from poverty, crimes and ...

BDO returns to overseas debt market
Philstar - 2016-10-18
MANILA, Philippines - BDO Unibank Inc. is further beefing up its capital base as it is set to return to the overseas debt market through the issuance of dollar-denominated fixed rate senior notes under its $2-billion medium term note program. The listed ...

Peso weakens to 7-year low at 48.52:$1
Philstar - 2016-10-18
In its weekly review, the Bank of the Philippine Islands (BPI) said the dollar continued to end stronger against other major currencies as expectations of US Fed rate hike increased throughout the week. The bank said excerpts from minutes of the US Fed ...

Duterte Takes Philippine Stocks on Wild Ride in First 100 Days
Bloomberg - 2016-10-18
Gambling, Mining The former mayor of Davao City has aggressively gone after online gambling companies, with shares in PhilWeb Corp. plunging 65 percent since the end of June as Duterte said its owner, Roberto Ongpin, had an undue influence on the government.