SE Asia Stocks-Philippines snaps 3 days of falls; Singapore extends losses
Reuters - 3 months ago
Philippines gains 1.2 pct on bargain-hunting * Thailand down ... Singapore shares closed 0.3 percent lower with conglomerate Keppel Corp Ltd shedding 1.4 percent, while City Developments Ltd, the country's second-largest property developer, dropped ...

PLDT, Smart fire up PH first 5G cell sites in Makati, Clark
Sun Star - 3 months ago
PLDT and Smart on-aired the first 5G cell site at the PLDT headquarters in Makati City with technology partner Huawei ... market area head for South East Asia, Oceania and India. Arthur Wang, director of Huawei Philippines' PLDT group account, said ...

Stocks fall to 4-week low ahead of BSP rate meeting
philstar.com - 3 months ago
On the other hand, Ayala-led Globe gained 4.3 percent, LT Group, too was up by 1.2 percent and Megaworld rose 1.1 percent. These three big companies had the highest gains yesterday after booking strong nine-month results. Piper Chaucer Tan of Philstocks ...

Here are the winners of the 2018 MVP Bossing Awards
Rappler - 3 months ago
MANILA, Philippines -- PLDT Enterprise kicks off the last quarter of the year with a bang with the 2018 MVP Bossing Awards. Raking in over 500 guests -- made up of both new and old ... of PLDT and Smart Enterprise Business Groups Jovy Hernandez for ...

The 2018 MVP Bossing Awards
BusinessWorld - 3 months ago
"With this award, we affirm in history that Mr. Ty is--and will always be--an authority in Philippine banking," the younger Ty said proudly. "On behalf of our lifetime awardee Dr. George S.K. Ty, and my family members who are with me this ...

Generika-Ayala stuns powerhouse F2 Logistics
Rappler - 3 months ago
MANILA, Philippines - Generika-Ayala scored a major upset when it defeated F2 Logistics, 19-25, 25-22, 25-16, 28-26, to notch its first win in the Philippine Superliga All-Filipino Conference on Tuesday, November 13, at the Filoil Flying V Centre. Patty ...

PH traders laud Andrew Tan
Philippine Daily Inquirer - 3 months ago
Alliance Global Group chair Andrew L. Tan received the Global Excellence Award from the International Chamber of Commerce of the Philippines in ceremonies held during the 42nd Philippine Business Conference at the Marriott Hotel on Thursday night.

In Pangasinan, plans for 2nd coal power plant meet opposition
Philippine Daily Inquirer - 3 months ago
The campaign is targeting the P47-billion plant to be built by Phinma Energy Corp. (formerly Trans-Asia Oil and Energy Development Corp.) in the coastal village of Baquioen. The plant is expected to generate 900 megawatts of electricity for the Luzon grid.

No favors given to Dennis Uy in selection of third telco-DICT exec
Philippine Daily Inquirer - 3 months ago
Rio asserted that Mislatel consortium won because the other bidders, Philippine Telegraph and Telephone Corp. (PT&T) and Sear, which includes former Ilocos Sur Gov. Luis "Chavit" Singson ...

Globe says data traffic up 49% due to LTE rollout
newsbytes.ph - 3 months ago
Globe Telecom said its mobile data traffic soared by 49% to 641 petabytes in the first nine months of 2018 as the company accelerated the deployment of LTE sites nationwide. As of end-September ...

LIST: Must-see Christmas sights and sounds in Metro Manila
Rappler - 3 months ago
Ayala Land has partnered with Walt Disney Philippines to "reimagine the magic" this year with an exhilirating lights and sounds show of favorite Disney melodies, entertaining for all ages. Beautiful, bright, and perfectly-timed colorful lights accompany ...

The selfless servant
BusinessWorld - 3 months ago
Born in Manila on Nov. 14, 1939, the now 79-year-old patriot finished his elementary and high school education in New York City ... Free Trade Agreement (FTA). On advancing national security, Mr. del Rosario made the West Philippine Sea issue a foreign ...

DOJ chief keeps hands off corruption complaint vs Lapeña
Philippine Daily Inquirer - 3 months ago
The shipment arrived in 105 containers, which the NBI said the port operator, Asian Terminals Inc. (ATI), released in two batches after Lapeña failed to put them under electronic alert.

Heavy foreign selling drags market down 1.19%
Inquirer - 3 months ago
SM Investments, BDO Unibank, Metrobank and PLDT all lost over 1 percent. Ayala Corp., Ayala Land, Jollibee, URC and BPI all slipped. Outside the PSEi, notable decliners included Chelsea ...

3rd telco suits junked
Inquirer - 3 months ago
The two disqualified bidders in the third telco selection process are weighing the filing of fresh appeals, which will require the payment of a nonrefundable P10-million fee, after the government ...

Show the fine print
Inquirer Opinion - 3 months ago
Economist Fernando Fajardo of the University of San Carlos in Cebu has called it ... as one-half of Mislatel (Mindanao Islamic Telephone Co. Inc.), the Uy-China Telecom consortium -- despite its entry being fraught with national security implications.

Still good times for residential sector
philstar.com - 3 months ago
The residential property sector remains stable despite a ramped up supply, according to the third quarter report from real estate services provider Colliers International Philippines ... namely More Minerals Corporation, the franchise to distribute ...

Isidro Lapeña still enjoys Duterte trust - Palace
philstar.com - 3 months ago
The National Bureau of Investigation (NBI) said Lapeña had violated the Anti-Graft and Corrupt Practices Act when he failed to stop the release of the undervalued items from the Asian Terminals Inc. (ATI). Lapeña previously filed smuggling cases against ...

Weak US equities market drags PHL stocks to lowest in 23 months
BusinessMirror - 3 months ago
Metro Pacific Investments Corp. lost P0.22 to P4.33, Chelsea Logistics Holdings Corp. declined P0.29 to P7.82, Aboitiz Power Corp. gave up P0.80 to P31.20 and SM Prime Holdings Inc. was down P0.75 ...

Government nixes Sear Telecom, PT&T appeal
BusinessMirror - 3 months ago
Sear Telecommunications Inc. and Philippine Telegraph and Telephone Corp. (PT&T) confirmed that they both received the notices from the National Telecommunications Commission (NTC) for their ...

Earnings of Gotianun-led FDC surge in 3 rd quarter
BusinessWorld - 3 months ago
FILINVEST Development Corp. is set to invest $200 million in the Filinvest Mimosa+Leisure estate, which will house a casino, lifestyle mall, hotel, and events venue. -- FILINVEST LAND, INC. FILINVEST Development Corp. (FDC) reported a 68% growth in ...

Plaridel stages successful golfest
BusinessMirror - 3 months ago
GMA Network, Steel Asia, Ayala Land Inc., Agila ng Bayan, Rep. . Edgar Erice, Manila Water Co. and Asia Brewery. All participants went home with an assortment of gifts from the sponsors ...

ATI nets P788M in Q3
BusinessWorld - 3 months ago
ASIAN Terminals, Inc. (ATI) reported its attributable net income increased by 36% to P788 million in the third quarter, fueled by robust revenues from its operations. The port operator said in a regulatory filing on Tuesday its total revenues in the third ...

Firms should create framework for digital transformation, says JG Summit CIO
newsbytes.ph - 3 months ago
As companies join the race for digital transformation to keep pace with evolving trends and the competition, JG Summit Holdings chief information officer Carlos G. Santos said that a framework for ...

Aboitiz hackathon helps boot up local tech talents
Inquirer.net - 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 ...

Fuel price cuts should be seen in fare, service fees
Inquirer.net - 3 months ago
Transportation and logistics costs should follow after major price rollbacks on fuel and oil products, business leaders in ... reflected in terms of fares and service fees. According to Mandaue ...

SM Center Ormoc: First SM Mall in Region 8 to open Nov. 16
Inquirer.net - 3 months ago
On Friday (November 16), just in time for the holiday season, the area will no longer be an empty lot as Ormoc welcomes SM Prime Holdings ... Philippine Associated Smelter and Refining Company, ...

SMC Q3 net income up 20% on strong sales
CNN Philippines - 3 months ago
SMC's fuel and oil unit, Petron Corporation, saw its net income rose 3 percent to ?12.1 billion despite an industry-wide decline in demand due to high pump prices, on the back of strong ...

Philippines' Ayala and Singapore's TBC in 1.5GW wind power play
Nikkei Asian Review - 3 months ago
MANILA -- Philippine conglomerate Ayala Corp. and Singapore-based energy company ... Philippines with core businesses in banking, real estate and telecom, has been expanding its infrastructure ...

P5B upgrade of Iloilo ports eyed
The Visayan Daily Star - 3 months ago
MANILA - The International Container Terminal Services Inc. has proposed to invest more than P5 billion to develop the Iloilo Port Complex and the Port of Dumangas in the province of Iloilo. This, as ICTSI submitted a Letter of Intent to the Philippine ...

NTC junks motions of Sear, PT&T for 3rd telco bid
Rappler - 3 months ago
MANILA, Philippines - The National Telecommunications Commission (NTC) denied the separate motions for reconsideration of the Chavit Singson-led Sear Telecom consortium and Philippine Telegraph and Telephone Corporation (PT&T) for the 3rd major ...

Duterte still trusts Lapeña amid corruption charges
CNN Philippines - 3 months ago
NBI added, based on its investigation, Lapeña failed to issue a "special stop order" to halt the move of port operator Asian Terminals Incorporated (ATI) to release the shipment from China ...

Diversity Pioneers, Champions Honored at Fifth Silas Hunt Event
University of Arkansas - 3 months ago
The event, which was hosted by the University of Arkansas, recognized the significant impact made by each honoree on the campus, state of Arkansas ... His work is part of the permanent collections of the Nelson-Atkins Museum in Kansas City; Spencer ...

Meralco eyes solar, wind projects
Inquirer - 3 months ago
Power distribution giant Manila Electric Co. wants to go into renewable energy through its electricity generation subsidiary, looking at building a portfolio of up to 1,000 megawatts of solar and ...

Deadliest fire in California history kills 42 people
Rappler - 3 months ago
Although it is difficult to be certain due to inconsistencies in record keeping and categorization, the Camp Fire appears to deadliest American wildfire in a century - since the ... of a million people fleeing their homes across the tinder-dry state ...

Parts of Pasay to experience power outage from Nov. 15 to 16 -- Meralco
Philippine Daily Inquirer - 3 months ago
the Manila Electric Company (Meralco) announced on Tuesday. In an advisory posted on its Twitter account, Meralco said that power will be interrupteda from 11:45 p.m. on Nov. 15 to 5:45 p.m. on ...

NTC junks SEAR Telecoms' appeal to be 3rd telco player
CNN Philippines - 3 months ago
SEAR Telecom was one of the three bidders -- alongside the Philippine Telegraph and Telephone Company (PT&T) and the Mislatel Consortium -- to submit documents to the NTC.

How Fantastic Four saved Stan Lee from quitting comics
CNN Philippines - 3 months ago
It was only this century, in fact, first with "X-Men" -- a title Marvel notably had shed amid financial troubles -- that the company's properties began to enjoy the kind of popularity that has led ...

NBI wants graft case vs ex-Customs chief over missing containers
CNN Philippines - 3 months ago
Port operator Asian Terminals Incorporated (ATI) was able to have the shipments released even though the manual alert orders were not lifted, allegedly showing forged memoranda that approved the ...

Smashburger sends Jollibee profit soaring to P6.09B
Inquirer - 3 months ago
Fast-good giant Jollibee Foods Corp. grew its attributable nine-month net profit by 19.2 percent year-on-year to P6.09 billion as the consolidation of US hamburger chain Smashburger bumped up ...

NBI recommends filing graft charges against Lapeña
Philippine Daily Inquirer - 3 months ago
According to the NBI, the containers were released by the port operator, Asian Terminals Inc. (ATI), in two batches after Lapeña failed to issue alert orders through the electronic system of the BOC.

P200 billion forfeiture cases vs Marcoses up for decision
philstar.com - 3 months ago
Among the supposed ill-acquired assets of the Marcoses identified by the PCGG in its complaints were deposits at the Security Bank and Trust (P976 million) and Traders Royal Bank (P711 million); 33 parcels of residential properties with an estimated value ...

Proclamation 539
philstar.com - 3 months ago
The Upsilon Sigma Phi, the oldest Greek-letter fraternity in Asia, was formed in 1918 out of University of the Philippines students ... The much-publicized Bangkaw sa Mindanao held Nov. 4-8 was actually an offshoot of the original Upsilon Summit, organized ...

Palace: 3rd telco bidding transparent
philstar.com - 3 months ago
It is about time the country designates a third telecommunications company that will provide Filipinos with much better and faster internet connection and break the duopoly enjoyed by PLDT Inc. and Globe Telecom. "Regardless of which company is finally ...

Hefty fuel price cuts effective Tuesday
philstar.com - 3 months ago
Caltex, Eastern Petroleum, Flying V, Pilipinas Shell Petroleum Corp., PTT Philippines Corp. and Seaoil Philippines Inc. implemented their respective price adjustments at 6 a.m. Meanwhile, Petron Corp., Phoenix Petroleum Philippines Inc., UniOil Petroleum ...

Isidro Lapeña charged with graft over 105 missing containers
philstar.com - 3 months ago
In the complaint filed before the Department of Justice, a copy of which was obtained by The STAR, NBI probers said Lapeña failed to issue a "special stop order" against the release of the undervalued items from the Asian Terminals Inc. (ATI).

ICTSI bids P5 billion for 2 Iloilo ports
philstar.com - 3 months ago
MANILA, Philippines -- Ports operator giant International Container Terminal Services Inc. (ICTSI) of billionaire Enrique Razon Jr. looks to expand further its network in the country as it seeks to modernize and manage two ports in Iloilo for at least P5 ...

Jollibee boosts earnings by 26% in third quarter of 2018
philstar.com - 3 months ago
MANILA, Philippines -- Jollibee Foods Corp. grew its net income to P2 billion in the third quarter, up 25.9 percent year on year. This brought nine-month earnings to P6 billion, an increase of 19.2 percent from the year before. Systemwide sales rose 26 ...

Jollibee nets P2B in Q3 amid global push
BusinessWorld - 3 months ago
JOLLIBEE opened a branch in Manhattan in October. HOMEGROWN food giant Jollibee Foods Corp. (JFC) expanded its attributable profit by a fourth from July to September, lifted by its global store expansion alongside the consolidation of American burger chain ...

LT Group attributable profit surges on higher PNB gains
BusinessWorld - 3 months ago
The banking unit through the Philippine National Bank (PNB) grew its net income by 65% to P7.63 billion, from P4.64 billion in the same period a year ago. The company attributed the uptick to a net gain of P3 billion from the sale of Real and Other ...