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.

SEC junks case filed by Harbour Centre versus Manila North Habor operators
BusinessMirror - 2016-10-18
THE Securities and Exchange Commission (SEC) dismissed a complaint filed by Harbour Centre Port Terminal Inc. (HCPTI) against Harbour Centre Port Holdings Inc. (Harbour Holdings) and Petron Corp., the two firms operating the Manila North Harbor, ...

Oil pump prices up
Visayan Daily Star - 2016-10-18
The companies are Phoenix Petroleum Philippines, PTT Philippines, Eastern Petroleum Corp., Seaoil Philippines Inc., Shell Petroleum Corp., and Flying V. Seaoil, Shell and Flying V also announced an increase of 55 centavos for every liter of kerosene.

Oil pump prices up
Visayan Daily Star - 2016-10-18
The companies are Phoenix Petroleum Philippines, PTT Philippines, Eastern Petroleum Corp., Seaoil Philippines Inc., Shell Petroleum Corp., and Flying V. Seaoil, Shell and Flying V also announced an increase of 55 centavos for every liter of kerosene.

Du30 visit hailed as PH-China milestone
thestandard.com.ph - 2016-10-18
After making a state visit to Brunei, Duterte will proceed to China onboard a chartered Philippine Airlines flight PR001, along with members of his Cabinet on Tuesday. Duterte will be speaking then to members of the Filipino community in Beijing on ...

Companies hike fuel prices anew
Manila Standard Today - 2016-10-17
The oil firms have been moving forward to make available cleaner fuels to the market. Petron Corp. last week marked another breakthrough in fuels technology with the introduction of the Blaze 100 Euro 5--the first Euro 5 standard fuel in the country.

Cyber Bay, PRA settle Manila Bay deal dispute
thestandard.com.ph - 2016-10-17
Cyber Bay Corp. and the Philippine Reclamation Authority signed a compromise agreement to end their dispute over the controversial Manila Bay reclamation project. Cyber Bay said in a disclosure to the stock exchange that under the compromise agreement, it ...

URC raising $378m to buy Snack Brands
thestandard.com.ph - 2016-10-17
Universal Robina Corp., a leading snacks and beverage manufacturing company in the Philippines, plans to raise A$500m (US$378m) in five-year bullet loan for the acquisition of Snack Brands Australia. URC senior vice president Bach Johann Sebastian ...

San Miguel, Petron win case vs Romero
Manila Standard Today - 2016-10-17
The Securities and Exchange Commission dismissed a complaint filed by Harbour Centre Port Terminal Inc. against Harbour Centre Port Holdings Inc. and Petron Corp. seeking to nullify the increase in capital stock of Manila North Harbour Port Inc. The SEC ...

Fitch to withdraw Security Bank rating
thestandard.com.ph - 2016-10-17
Fitch upgraded on July 18, 2016 the long-term issuer default rating of Security Bank to "BB+" or non-investment grade speculative from "BB," along with China Banking Corp ... withdrawal of Security Bank Corporation," it said.

Oil firms raise gasoline, diesel prices today
Philstar - 2016-10-17
Phoenix Petroleum Philippines and PTT Philippines announced similar price adjustments. Petron Corp. and Pilipinas Shell Petroleum Corp. have yet to make an announcement but are also expected to raise oil prices. Flying V and Eastern Petroleum Corp ...

Despite price reduction, Shell to trade at premium
Philstar - 2016-10-17
In a report on the upcoming IPO of Shell, Angping & Associates Securities Inc. said a P/E of 15x is at a ... investors as approved by the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE). Business ( Article MRec ), pagematch ...

Cyber Bay enters into compromise with government
BusinessMirror. - 2016-10-17
DEVELOPER Cyber Bay Corp. on Monday said it entered into a compromise deal with the Philippine Reclamation Authority (PRA), signaling an end of its seven-year legal battle with the government. The company said its wholly owned unit Central Bay Reclamation ...

Cyber Bay enters into compromise with government
BusinessMirror. - 2016-10-17
DEVELOPER Cyber Bay Corp. on Monday said it entered into a compromise deal with the Philippine Reclamation Authority (PRA), signaling an end of its seven-year legal battle with the government. The company said its wholly owned unit Central Bay Reclamation ...

Local firms fuse expertise in one world-class project
Philstar - 2016-10-17
CEBU, Philippines - Five ... the consortium is composed of real estate developer Cebu Landmasters, shipping firm Gothong Southern, auto-gas trader 12Sika Holdings, heavy equipment distributor Acrissor Development Corporation, and general services company ...

Cebu City wants to spend P7.2 billion in 2017
Philstar - 2016-10-17
As expected, OsmeƱa did not include the city's expected P2.79 billion revenue from the SM-Ayala Consortium and Filinvest Land Inc. that bought 45.2 hectares at the South Road Properties (SRP) since the mayor is planning to rescind the contract.

Remittances rebound to $2.32 B in August
Philstar - 2016-10-17
Data from the central bank showed about 80 percent of the remittances ... validates the recent slip in remittances was a mere reporting issue and the shift in school year calendar. Mapa said this caused year-on-year numbers to shift from weakness to ...

The traffic disciple! Start them young
Philstar - 2016-10-17
Impressed, I immediately texted my good friend, John Philip "JP" Orbeta, managing director and head of Corporate Resources Group of Ayala Corporation, to congratulate him for such a program. JP Orbeta texted me this reply, "Hi Bobit. Yes our Child Safety ...

Remembering the Cebu-Bohol earthquake
Philstar - 2016-10-17
Thank you." If Ayala Corp. can only spread this program to include its other automotive brands like Honda or Isuzu then it can truly make a bigger impact. More so if the City of Cebu comes up with budget to educate motorists in a similar manner.

GMA Network regains nationwide TV ratings lead
thestandard.com.ph - 2016-10-17
GMA subscribes to Nielsen along with TV5 and Aksyon TV, CNN Philippines, Net 25, Ebiquity-Faulkner CBN Asia and TAPE Inc., and major advertising and media agencies such as Dentsu Aegis Network (Carat, Mediaforce Vizeum, Dentsu), GroupM (Mediacom ...

Market falls; LT tops gainers
thestandard.com.ph - 2016-10-17
Cyber Bay Corp. surged 22.2 percent to P0.66, after it announced that it signed a compromise deal with state-run Philippine Reclamation Authority over the controversial Manila Bay reclamation project. Coal miner Semirara Mining and Power Corp. gained 2.7 ...