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 ...

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 ...

San Miguel, Petron win case vs Romero
thestandard.com.ph - 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
Manila Standard Today - 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., Philippine National Bank, and Rizal Commercial Banking Corp. with a stable ...

We need a true opposition
thestandard.com.ph - 2016-10-17
Ms. Liza G. Vengco, corporate head of the Rizal Commercial Banking Corp., wrote me to clarify what I wrote in an earlier column. I said that when some Chinese businessmen applied for a loan amounting to several millions of pesos, the bank would readily ...

Market falls; LT tops gainers
thestandard.com.ph - 2016-10-17
Ten of the 20 most active stocks ended in the green, led by LT Group Inc., the holding company of tycoon Lucio Tan, which climbed 3.7 percent to P15.62 and Manila Water Company Inc. which went up 2.8 percent to P31.25. Cyber Bay Corp. surged 22.2 percent ...

San Miguel, Petron win case vs Romero
thestandard.com.ph - 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 ...

Redondo taps plant contractors
thestandard.com.ph - 2016-10-17
Manila Electric Co. and Aboitiz Power Corp., the major shareholders of Redondo Peninsula, issued separate disclosures to the stock exchange about the construction contracts. Therma Power Inc., a wholly-owned subsidiary of Aboitiz Power and Taiwan ...

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., Philippine National Bank, and Rizal Commercial Banking Corp. with a stable ...

Aboitiz wants hydro, geothermal projects under PPP scheme
Manila Bulletin - 2016-10-17
Aboitiz Power Corporation is recommending investment landscape changes for hydro and geothermal projects so these can be placed under public-private partnership (PPP) scheme. The company said the government must come in as private sector ally to move ...

LRT speed to increase to 60 kph in Q3 of 2017
BusinessMirror. - 2016-10-17
Besides this, the private company--controlled by Metro Pacific Investments Corp. and Ayala Corp.--is gearing toward the further augmentation of the capacity of the railway system. In more than a year since it took over the train line, the company was ...

First Gen in discussion with government to jump-start LNG sector in PHL
BusinessMirror. - 2016-10-17
FIRST Gen Corp. awaits a more detailed discussion with the government about plans to jump-start the liquefied natural gas (LNG) sector in the country. Company President and COO Giles Puno welcomed an earlier pronouncement of the Department of Energy (DOE ...

Developer unlocks potential of lands in Sta. Rosa and Mandaluyong
Manila Bulletin - 2016-10-17
The Philippine real estate industry has been flourishing in the past few decades. While some companies might see the increased competition as daunting, Greenfield Development Corporation is celebrating the vibrancy of the market. "We are all for the ...

The election of 1722
BusinessMirror. - 2016-10-17
Gordon and Trenchard belonged to a group called the Commonwealth Men. It was also sort of a political party that had the crazy idea that corruption and lack of morality in British political life was prevalent and wrong. It was "crazy" because nearly ...

PCC: Part of the problem?
BusinessMirror. - 2016-10-17
Both PLDT/Smart and Globe already have the means to do this under their agreement to jointly use the 700-megahertz (MHz) band from San Miguel Corp. (SMC) in May. The 700-MHz spectrum delivers high-speed Internet and penetrates a wider range of areas than ...

Trade shocks, saddens Yap
Manila Bulletin - 2016-10-17
"Thankful naman din ako sa Purefoods, kasi inalagaan talaga nila ako sa loob ng 12 years. Kung ano man ang meron ako, dahil sa kanila, sa San Miguel Corporation kaya ako andito ngayon," said Yap. In his first practice with ROS under Caloy Garcia who ...

First Gen to bid for 300MW mid-merit needs of Meralco
Manila Bulletin - 2016-10-17
First Gen Corporation will be joining the competitive selection process (CSP) set out by Manila Electric Company (Meralco) for up to 300 megawatts of its mid-merit power supply needs. In a power system, a mid-merit plant or capacity refers to an asset ...

Another oil-price hike on Oct. 18
BusinessMirror. - 2016-10-17
Seaoil, PTT Philippines, Phoenix Petroleum, Eastern Petroleum, Pilipinas Shell and Total Philippines said the price adjustment reflects movements in the international petroleum market. This is the third consecutive oil-price hike for the month for all ...

HP unveils next gen premium laptop line-up starting at Rs 90,000
Economic Times - 2016-10-17
NEW DELHI: Printing and personal computer major HP Inc on Monday unveiled its next generation premium laptop line-up to address customers at home and on the go. HP Spectre x360-- the world's thinnest 13.3-inch laptop -- now comes with a longer battery life.

SEC junks case filed by Harbour Centre versus Manila North Habor operators
BusinessMirror. - 2016-10-17
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, ...

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 ...

ABS-CBN, GMA Network ratings game heats up
Philstar - 2016-10-17
MANILA, Philippines - The ratings game between GMA Network Inc. and ABS-CBN Corp. continued to heat up as the former claimed it regained victory for the period of Sept. 1 to Oct.13, while the latter said it remained the most watched TV network in both ...

Thais, Japanese complete elite FIVB club meet cast
Philstar - 2016-10-17
The Thais and the Japanese landed at noon from Bangkok and Osaka, respectively, ready to do battle against the elite club teams seeing action in this tournament organized by the Philippine Superliga and Eventcourt, with TV5, Petron, Asics, BMW and F2 ...

Panasonic, Tesla consider solar tie-up
Rappler - 2016-10-17
TOKYO, Japan - Panasonic and US electric car maker Tesla have agreed to start working together on solar energy products, a spokeswoman for the Japanese firm said Monday, October 17. The pair have already teamed up on the world's biggest the lithium-ion ...

Bhutan's happiness guru arrives for inspirational lectures
interaksyon.com - 2016-10-17
MANILA - Saamdu Chetri, in charge of overseeing happiness in the tiny Himalayan kingdom of Bhutan, arrived Monday on board Philippine Airlines flight PR 731 from Bangkok. He is in the country upon the invitation of Environment and Natural Resources ...

COCKTALES | Purisima-era defiance of Supreme Court order costs Dominguez P1.4B
interaksyon.com - 2016-10-17
Another rumored Duterte nominee for the ambassadorship to Singapore, Filinvest Land's Joseph Yap, was denied by the family. Heard through the grapevine Metrobank chairman Arthur Ty the other week transferred P420 million worth of bank shares to an unlisted ...

Tagbilaran airport gets free super speed wifi
news.pia.gov.ph - 2016-10-17
"All one needs to do is simply connect to SmartWifi, and all the wifi-enabled devices and all networks gets the free access," PLDT Assistant Vice President and Head of the Enterprise Service Fulfillment Management Harold Kim Orbase said. When President ...

Tesla, Panasonic to collaborate on solar cells production
MSN - 2016-10-17
Panasonic is expected to begin production at the Buffalo facility in 2017 and Tesla intends to provide a long-term purchase commitment for those cells, Tesla said in a statement, adding the agreement is contingent on shareholders' approval of its ...

Pump prices of petroleum products up anew effective Tuesday
interaksyon.com - 2016-10-17
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 P0.55 for every liter of kerosene.

Pump prices of petroleum products up anew effective Tuesday
interaksyon.com - 2016-10-17
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 P0.55 for every liter of kerosene.

Meralco-Aboitiz tap Korean firm for $1.2-billion Subic project
Manila Bulletin - 2016-10-17
The joint venture of the Manila Electric Company ... and 30 percent will be from equity contributions of project sponsors Meralco PowerGen, Aboitiz Power Corporation and Taiwan Cogeneration Corporation.

Duterte visit to Beijing likely to be heavy on business talks, light on South China Sea
Japan Times - 2016-10-17
The move prompted then-President Benigno Aquino III to take a firm stance against China while moving closer to the U.S., its top military ally. Duterte has sought to shift that stance since taking office, threatening to downgrade military ties and using ...

Duterte heads to Beijing looking for more Chinese business deals
The Business Times - 2016-10-17
Since taking office in June, he has extended the hand of friendship. The tough-talking Mr Duterte will ... professor of international relations at Xiamen University's Research School of South-east Asian Studies. "He's right now distancing the country ...

DEL MONTE PACIFIC LTD
Economic Times - 2016-10-16
Pacific trade partners have pledged not to deliberately weaken their currencies to ...

2016 MVP Bossing Awards opens nominations, spurs entrepreneurs to work for inclusive growth
interaksyon.com - 2016-10-16
MANILA - PLDT's annual awards for small businesses in the country have opened their nominations for the year. "Philippine businesses are today challenged by the call for inclusive growth to align with the administration's thrust to develop the provinces ...

2016 MVP Bossing Awards opens nominations, spurs entrepreneurs to work for inclusive growth
interaksyon.com - 2016-10-16
MANILA - PLDT's annual awards for small businesses in the country have opened their nominations for the year. "Philippine businesses are today challenged by the call for inclusive growth to align with the administration's thrust to develop the provinces ...

PayMaya gets award as best online payments solution
Philstar - 2016-10-16
or by using the online banking of BDO Unibank Inc. PayMaya users can also opt to get a physical card that can be used in establishments worldwide that accept Visa. By upgrading the PayMaya account, users can enjoy other benefits such as being able to ...

Vivant unit gets RES license
Philstar - 2016-10-16
MANILA, Philippines - Corenergy Inc., a subsidiary of Cebu-based Vivant Energy Corp., targets to sell 100 megawatts (MW) a year after it clinched a license to sell electricity to end users under the retail competition and open access (RCOA) scheme.

AboitizPower explores more opportunities in energy sector
Philstar - 2016-10-16
MANILA, Philippines - With ongoing projects and pending acquisitions in its plate, Aboitiz Power Corp. is keeping its eyes peeled for opportunities in the power sector despite perceived oversupply in the country in the next five years, its top official said.

Chinese drug rehab center donor was once a Binondo trader in 1986
Philstar - 2016-10-16
He controls Century Golden Resources Group which has more than 20,000 ... then in 1991 he went back to Fujian to start investing in real estate where he really struck gold on his way to becoming a billionaire. On Jan. 29, 2007, during my trip to China ...

Shopping mission to China
Philstar - 2016-10-16
They will lend us money for the train, money Filipino taxpayers will pay a Chinese company to build that system ... The Philippine government ended up paying the Export-Import Bank of China $184 million after the project was terminated.

Globe CEO retains top spot on Power 100 list
Philstar - 2016-10-16
CEBU, Philippines - Globe Telecom President & CEO Ernest Cu retained his spot as one of the most powerful telecommunication executives in the world following his inclusion on the elite list of Global Telecoms Business Power 100 for 2016. Again ...

Borja makes big push in bike, run legs, reigns in TriKids
m.philstar.com - 2016-10-16
The event is sponsored by Ayala Land Premier, Globe Telecom, MHECO, Folded & Hung, A.C. Lazaga, Veda Spa, Island Fantasy, Gatorade, Asian Centre for Insulation Philippines, Glyptic Art Enterprise, Globalinens Worldwide, Inc., Powel Chem, Royal Duty Free ...