ANI expands foothold in China
Philstar - 2016-10-10
... Agrinurture Inc. (ANI) is expanding its foothold in China through the acquisition of a majority stake in a food and real estate company for 42 million renminbi or over P300 million. In a disclosure to the Philippine Stock Exchange, ANI said it has ...

EDC marks first year of 10M-in-10 greening project
Philstar - 2016-10-10
DUMAGUETE CITY, Philippines -- Nearly reaching ... Oriental State University (NORSU), Foundation University (FU), St. Paul University Dumaguete (SPUD), STI Dumaguete, Silliman University, Metro Dumaguete College (MDC), Asian College of Science and ...

SN Aboitiz Power signs P19-b financing facility
thestandard.com.ph - 2016-10-10
Aboitiz Power Corp. said Monday unit SN Aboitiz Power-Magat Inc. secured a P19-billion bank loan to refinance loans and fund other corporate expenses. Aboitiz Power said in a disclosure to the stock exchange it signed the notes agreement with Bank of the ...

Govt resumes bidding of P108-b regional airports
thestandard.com.ph - 2016-10-10
The Transportation Department earlier pre-qualified Maya Consortium led by Aboitiz Equity Ventures, Philippine Airports Consortium of Metro Pacific Investments Corp., San Miguel Holdings Corp.-IIAC Airport Consortium, GMR-Megawide Consortium and Filinvest ...

Market drops; Bloomberry up
thestandard.com.ph - 2016-10-10
Six of the 20 most active stocks ended in the green, led by Bloomberry Resorts Corp. which climbed 7.3 percent to P4.86 and PhilWeb Corp. which advanced 5.3 percent to P8.10. Meanwhile, Asian markets ended mixed Monday. The US Labor Department said Friday ...

AgriNurture buys into Chinese firm
Manila Standard Today - 2016-10-10
Agrinurture Inc. said Monday it acquired a 49-percent interest in Zongshan Fucang Trade Co. Ltd., a Chinese commodity trading company. Agrinurture, a company led by businessman Antonio Tiu, said it acquired the stake in Zongshan Fucang Trade for 42.6 ...

Another Duterte official stands in way of miners
BusinessMirror. - 2016-10-10
Its proponents are the SMI, the holder of the Mineral Processing and Sharing Agreement, and the Australian firm Indophil Resources NL, owned by Alsons Prime Investments Corp. of the Alcantara group. SMI has so far secured the endorsement of local ...

Govt resumes bidding of P108-b regional airports
thestandard.com.ph - 2016-10-10
The Transportation Department earlier pre-qualified Maya Consortium led by Aboitiz Equity Ventures, Philippine Airports Consortium of Metro Pacific Investments Corp., San Miguel Holdings Corp.-IIAC Airport Consortium, GMR-Megawide Consortium and Filinvest ...

Market drops; Bloomberry up
thestandard.com.ph - 2016-10-10
Losers outnumbered gainers, 103 to 60, while 53 issues were unchanged. Six of the 20 most active stocks ended in the green, led by Bloomberry Resorts Corp. which climbed 7.3 percent to P4.86 and PhilWeb Corp. which advanced 5.3 percent to P8.10.

Ex-aide: checks for De Lima encashed in Parañaque bank
Rappler - 2016-10-10
Former Presidential Security Group (PSG) member Romel Falcasantos said that he went to Metrobank in Dr A Santos Branch, Sucat, Parañaque at least 5 times to encash checks for the former justice secretary. The checks amount from P100,000 to P300,000.

Vista Residences carves a community in paradise
Manila Bulletin - 2016-10-10
The condominium arm of Vista Land is unveiling a grand community - comprised of six stunning residential towers, private villas, and a hotel - in the island destination which will span six hectares. It will offer an authentic beach lifestyle desired ...

Petron eyes 2nd PSL win
Manila Bulletin - 2016-10-10
Former champion Petron aims for its second straight win when it clashes with F2 Logistics today in the 2016 Asics Philippine Superliga Grand Prix presented by PLDT Home Ultera today at The Arena in San Juan City. The Tri-Activ Spikers, winners of the 2014 ...

Typhoon resilient classrooms built in Bicol
Manila Bulletin - 2016-10-10
The Lopez Group led by Energy Development Corporation (EDC) and Rockwell Land Corporation (RLC) completed the construction of four typhoon-resilient classrooms in the Bicol region. About 180 students will benefit from the said project in Nagutgot ...

DOTr keen on accepting unsolicited proposals for aviation-sector projects
BusinessMirror. - 2016-10-10
The bidding will be this year," Lim said. There were five prequalified bidders for the project, namely: Filinvest-Jatco-Sojitz Consortium (Filinvest Development Corp.; Filinvest Land Inc.; Filinvest Alabang Inc.; Japan Airport Terminal Co. Ltd ...

SN Aboitiz Power unit inks P19-B loan facility
Manila Bulletin - 2016-10-10
The loan deal, according to the disclosure of parent firm Aboitiz Power Corporation at the Philippine Stock Exchange (PSE), had been sealed with the Bank of the Philippine Islands (BPI) and China Banking Corporation. The proceeds of the loan procurement ...

Petron shoots for early lead in Grand Prix
BusinessMirror. - 2016-10-10
Petron eyes the early lead while RC Cola-Army makes its highly anticipated debut in the 2016 Asics Philippine Superliga (PSL) Grand Prix presented by PLDT Home Ultera on Tuesday at the Filoil Flying V Center in San Juan. After an impressive victory over ...

8990 owners buy 45 million shares of Primex
BusinessMirror. - 2016-10-10
THE three majority owners of mass-housing developer 8990 Holdings Inc. on Monday bought a chunk of Primex Corp., a boutique developer of mostly upscale projects. The deal between the two firms ended more than a year of discussions. In its disclosure to the ...

8990 owners buy 45 million shares of Primex
BusinessMirror - 2016-10-10
THE three majority owners of mass-housing developer 8990 Holdings Inc. on Monday bought a chunk of Primex Corp., a boutique developer of mostly upscale projects. The deal between the two firms ended more than a year of discussions. In its disclosure to the ...

Snap Magat to borrow P19 billion from 2 local banks to repay loans
BusinessMirror. - 2016-10-10
SN Aboitiz Power-Magat Inc. (Snap Magat) is taking on a P19-billion loan from the Bank of the Philippine Islands (BPI) and China Banking Corp. (China Bank) to repay loans, among others. Publicly listed Aboitiz Power Corp. said Snap Magat signed a note ...

Politics first, then the economics
BusinessMirror. - 2016-10-10
It is a nasty world out there in almost any direction you look. The Middle East is a nightmare. The press and the media like to explain the focal point as the "four-year civil war in Syria". That is like calling a bloody bank robbery gone wrong as an ...

Oil firms to raise gas prices for third time this month
BusinessMirror. - 2016-10-10
As of press time, the following oil companies announced their respective price hike: PTT Philippines, Phoenix Petroleum, Caltex Philippines, Pilipinas Shell, Eastern Petroleum, Total Philippines and Seaoil. An announcement last month to freeze production ...

Cadence Announces Verification IP For ARM AMBA 5 AHB5
www.thestreet.com - 2016-10-10
So far, the biggest gains in 2016 have actually come from the smallest companies in the S&P 500. Here's a look at five unknown stocks ready to break out. Cadence Design's (CDNS) stock rating was boosted to 'buy' at DA Davidson this morning. Here are Monday ...

Lawmaker convicted in illegal gas refill case
Philstar - 2016-10-10
The court ruled that Ty failed to justify the presence of LPG tanks of Shell, Petron and Total Gas in the warehouse. Ty had admitted in court that his firm was not authorized by the Department of Energy to refill LPG cylinders for other oil companies.

NBI exec, drug lords boost claim of drug money fortifying De Lima election campaign
interaksyon.com - 2016-10-10
MANILA, Philippines - National Bureau of Investigation (NBI ... he was authorized by the former Justice Secretary to encash money from her account at Metrobank-Dr. A. Santos branch in Sucat, Parañaque. He said he was able to encash money under the ...

AgriNurture buys 49% stake in China-based agri-commodity trading firm for Php 308 M
Manila Bulletin - 2016-10-10
MANILA -- Listed firm AgriNurture Inc. (ANI) has bought a 49-stake in agri-commodity trading company Zongshan Fucang Trade Co. Ltd. for Php 308.12 million (Renminbi 42.63 million) to expand its operations in China. Fucang is an agri-commodity trading ...

Smart PLDT opens wifi internet at Tagbilaran airport
news.pia.gov.ph - 2016-10-10
TAGBILARAN CITY, October 7 (PIA)-- Starting October 10 ... including that of Puerto Princesa in Palawan, Dipolog, and Cebu, Smart said. Also, in his SONA last July, President Duterte ordered the Department of Information and Communications Technology ...

DOST funds muscovado sugar production for renewable energy facility
news.pia.gov.ph - 2016-10-10
"I see several advantages to powering our turbines with synthetic gas produced by DOST Industrial Technology Development Institute (ITDI) FBG System. These are 100 percent reduction of our agricultural wastes, production of our monthly electricity ...

Pump prices of gasoline up by P0.85/L, diesel up by P1.55/L effective Tuesday
interaksyon.com - 2016-10-10
The companies are Phoenix Petroleum Philippines, Seaoil Philippines Inc., Caltex Philippines Inc., Unioil Petroleum Philippines Inc., PTT Philippines, Shell Petroleum Corp., and Flying V. Seaoil, Caltex, Flying V and Shell also announced an increase of P1 ...

Pump prices of gasoline up by P0.85/L, diesel up by P1.55/L effective Tuesday
interaksyon.com - 2016-10-10
The companies are Phoenix Petroleum Philippines, Seaoil Philippines Inc., Caltex Philippines Inc., Unioil Petroleum Philippines Inc., PTT Philippines, Shell Petroleum Corp., and Flying V. Seaoil, Caltex, Flying V and Shell also announced an increase of P1 ...

People & Events
Visayan Daily Star - 2016-10-10
Julbert Ramos of Foundation University ... Iloilo artist PG Zoluaga, award-winning artist Mark Justiniani, VMC managing director and vice chair of the Board Anna Paner, and art critic and artist Cid Reyes as panel chair. Cash prizes of P20,000 and computer ...

COCKTALES | Christmas comes early for Metrobank chair, 7-Eleven president
interaksyon.com - 2016-10-10
If you see Metrobank chairman Arthur Ty and 7-Eleven president Jose Victor Paterno glowing with multi-million smiles these days, it is because Christmas came early for those two lucky chaps. Ty just cashed out over P400 million from the stock market, while ...

3 Pinoys among participants of New York marathon
Global Nation - 2016-10-10
As part of their training regiment, Agulto and Ortiz participated in several prestigious events in the country such as SMDC Run 2016 (Leg 2), Caliraya 360 Run (Lumban, Laguna), 40th National Milo Marathon (Metro Manila), Takbo.ph Runfest 2016 ...

COCKTALES | Christmas comes early for Metrobank chair, 7-Eleven president
interaksyon.com - 2016-10-10
If you see Metrobank chairman Arthur Ty and 7-Eleven president Jose Victor Paterno glowing with multi-million smiles these days, it is because Christmas came early for those two lucky chaps. Ty just cashed out over P400 million from the stock market, while ...

TFC brings Star Magic's 25th year celebration of world-class talent to Filipinos in Australia
www.prlog.org - 2016-10-10
Based in Baulkham Hills, New South Wales, ABS-CBN Australia Pty. Ltd. is an affiliate of ABS-CBN Corporation, the largest multi-media network in the Philippines. With the launch of TFC and its specialty channels thereafter, the company became the first and ...

UB student wins silver in 6th World Jr Wushu
baguiomidlandcourier.com.ph - 2016-10-10
WORLD-CLASS WUSHU -- Aleca Breana of the University of Baguio wins silver in the 6th World Junior Wushu Championships in Bulgaria recently, and becomes the only member of the Philippine Team to win a medal in the international event. -- Pogz Manansala/MnB ...

Forbes Philippines lists the top 24 fintech startups
entrepreneur.com.ph - 2016-10-10
Based in Australia, Peppermint offers its financial solution services to big companies such as Metrobank, UCPB and Unionbank. According to Forbes Philippines, its mobile banking service allows users to process payments through phones and transfer money ...

Saculles takes over city police, vows to sustain war on drugs
baguiomidlandcourier.com.ph - 2016-10-10
Saculles, also a mining engineer and member of the Philippine National Police Academy "Tagapag-lunsad" Class of 1993 ... He also once served as acting police director of the Ifugao Provincial Police Office, where he was conferred the PNP Efficiency ...

AgriNurture buys 49% stake in China-based agri-commodity trading firm for Php 308 M
Manila Bulletin - 2016-10-09
MANILA -- Listed firm AgriNurture Inc. (ANI) has bought a 49-stake in agri-commodity trading company Zongshan Fucang Trade Co. Ltd. for Php 308.12 million (Renminbi 42.63 million) to expand its operations in China. Fucang is an agri-commodity trading ...

Inflation seen to hover back to 2016 targets
Philstar - 2016-10-09
This was driven highly by increase in oil and electricity prices, with Beltran pointing to adjustments made by the "big three" oil players namely Petron Corp., Pilipinas Shell and Caltex. Specifically, he said average diesel prices in Metro Manila ...

SRP development: Tom blocks consortium registration with PEZA
Philstar - 2016-10-09
The City Council approved last week a resolution giving its consent to the consortium of Ayala Land, Cebu Holdings Inc. and SM Prime Holdings to register with PEZA. The resolution was sponsored by Councilor Jocelyn Pesquera, chairperson of the committee on ...

Vista Land to build P2.2 B project in Boracay
Philstar - 2016-10-09
MANILA, Philippines - Vista Land & Landscapes Inc. of the Villar family has unveiled a P2.2 billion mixed-use project in the popular Boracay Island resort. The project, Costa Vista Boracay, will have six residential towers, private villas, hotel, a ...

Court finds LPG representative in House guilty of underfilling gas cylinders
Philippine Daily Inquirer - 2016-10-09
Petron Gasul and Totalgaz cylinders. In a 16-page ruling, Judge Ofelia Contreras Soriano of Malabon RTC Branch 55 said Ty could not feign innocence when he claimed he was unaware that Regasco was illegally refilling LPG tanks of other oil firms as he did ...

Faster connection
Philstar - 2016-10-09
Then faster internet is now being realized, though much more speed is desired. Noticing how Globe Telecom and Smart Telecom have recently been firing up a good number of cell sites left and right are good indications that the telecommunications companies ...

Going global: A daunting task but achievable
Philstar - 2016-10-09
Jollibee, Bench, SM, Emperador Brandy, ABS-CBN, Philippine Airlines, and even Filipino managerial talents are some of many Philippine brands and "exportables" that have gone truly global, earning reputable levels of success. They overcame the daunting ...

PH energy, infra seen winning big in China swivel
Inquirer - 2016-10-09
In mining, the brokerage cited those with existing joint ventures or are large suppliers of China, led by nickel companies such as Nickel Asia (NIKL) and Global Ferronickel Holdings (FNI). "We think the focus should be on the sectors affected rather than ...

More Israel tourists are drawn to visit PH
news.pia.gov.ph - 2016-10-09
"The Air Services Agreement between the Philippines and Israel signed on 26 May 2014 and the Memorandum of Agreement between El Al Airlines and the Philippine Airlines signed on September 20 are indicative of the growing air links and tourism potential ...

Lufthansa opens service unit in PHL
BusinessMirror. - 2016-10-09
Opening Lufthansa Services Philippines (LSP), a new service center in Filinvest City, Alabang, is a testament to the growing attraction of the German company to the Philippines. With its opening in October 7, the company will be hiring 440 highly skilled ...

Malabon MTC finds party-list solon guilty of illegal LPG tank refilling
BusinessMirror. - 2016-10-09
Ty, the owner of Republic Gas Corp. (Regasco) refilling plant ... failed to provide logical explanation for the presence of the filled LPG tanks of Shell, Petron and Total Gas which were seized from the warehouse. "It is highly doubtful the volume ...

2 firms become Shariah compliant
Manila Bulletin - 2016-10-09
Golden Haven Memorial Park, Inc. and cement firm Cemex Philippines Holdings, which debuted on the Philippine Stock Exchange (PSE) this year, are now among the Shariah-compliant securities listed locally. This is based on the screening conducted by ...

Mining, exports to suffer from DENR audit
Philstar - 2016-10-09
Hinatuan Mining, Benguet, Lepanto Consolidated Mining, and OceanaGold Philippines. DENR Undersecretary Leo Jasareno, head of the mining audit team, earlier said only 11 of the 41 operating metallic mines in the country passed the audit while 20 were ...