Market declines; PhilWeb advances
thestandard.com.ph - 2016-10-06
Stocks fell for a second day, as the dollar strengthened further on growing expectations the US will hike interest rates by the end of the year. The Philippine Stock Exchange index, the 30-company benchmark, lost 19 points, or 0.3 percent, to close at ...

Convenient rewards points conversion
thestandard.com.ph - 2016-10-06
There are faster ways to drive, and there are even faster ways to fly, for free. Earning points for free flights is more convenient to Petron customers as they can easily convert their Petron Peso Points to GetGo Rewards Points via SMS. Peso points on ...

Shell trims IPO price
Philstar - 2016-10-06
Other big IPOs are Robinsons Retail which raised P26.79 billion in 2013, SM Investments Corp. (P26.25 billion), and Cemex Holdings Philippines (P25 billion). Documents from the Securities and Exchange Commission showed the 330 million shares include an ...

My passion for French cuisine
Philstar - 2016-10-06
CEBU, Philippines - It all began with a visit to the Au Bon Vivant, the very first French restaurant in Manila. This was in 1974 and our company, Abbott Laboratories - Agrivet Division was the host of the Asia Pacific conference. This was my very first ...

Easing bank secrecy law to stop launderers, evaders
Philstar - 2016-10-06
Globally, only the Philippines, Lebanon, and Switzerland still adapt restrictive banking laws making it hard for the government to go after tax evaders and money launderers, according to the National Tax Research Center ... from sharing data with the ...

15 listed companies cited for corporate governance
BusinessMirror. - 2016-10-06
For the less than $2 billion in market-capitalization category, the awards were given to Manila Water Co. Inc. and Philex Mining Corp. For the $2-billion to $10-billion category, the awards were given to Aboitiz Equity Ventures Inc., Bank of the Philippine ...

Manila South Harbor ready for cargo surge this coming holidays
Manila Bulletin - 2016-10-06
Asian Terminals, Inc. (ATI). Last month, Manila South Harbor handled over 100,000 twenty-foot equivalent units (TUEs) of international containers for the first time in a single month. Prior to this, the harbor broke its all-time record volume twice ...

BPI thrift unit aggressively expanding in VizMin
BusinessMirror. - 2016-10-06
The thrift bank arm of Bank of the Philippine Islands (BPI) is on track toward expanding its presence outside Metro Manila to service the growing market in the provinces. BPI Family Savings Bank President Natividad Alejo, at the sidelines of the launching ...

Imports draw spotlight in Superliga Grand Prix
BusinessMirror. - 2016-10-06
"We are really advancing not only players but also the coaching side. This is good for volleyball and PSL." Generika and Petron tangle in the opening match at 12:30 p.m., while Foton opens its title-retention campaign against dangerous F2 Logistics at ...

JBC to screen 14 for soon-to-be-vacant seat in SC
BusinessMirror. - 2016-10-06
Persida Rueda-Acosta, Chief State Counsel Ricardo Paras and Centro Escolar University law school Vice Dean Rita Linda Ventura-Jimeno. The council has yet to publish the names of the official nominees, as their qualifications and requirements are still ...

Manila Water unit gets P4-B loan
Philstar - 2016-10-06
The Ayala-led subsidiary signed the loan with Security Bank Corp. and Metropolitan Bank and Trust Co. and carries a tenor of 15 years. So far, the maiden loan of MWPV is the single largest capital raising activity of a subsidiary of Manila Water.

Ongpin sells PhilWeb stake to Araneta for P2 B
Philstar - 2016-10-06
MANILA, Philippines - Businessman and former trade minister Roberto Ongpin has sold his stake in PhilWeb Corp. to fellow businessman Gregorio Ma. Araneta III, chairman and chief executive officer of the Araneta Properties Inc. and the son-in-law of the ...

Development of REIT industry seen to help address housing backlog
interaksyon.com - 2016-10-06
REITs can pump-prime infrastructure development; large-scale housing, office and other real estate segments ... he said during the Philippine Housing Finance Conference 2016 organized by the National Home Mortgage Finance Corporation on Thursday.

Meralco: Power rates to go down this October
interaksyon.com - 2016-10-06
MANILA - Power distributor Manila Electric Company said Thursday electricity rates will go down by P0.12 per kilowatthour this October. "This translates to a reduction of around P24 in the electricity bill of a household with monthly consumption of 200 ...

Meralco: Power rates to go down this October
interaksyon.com - 2016-10-06
MANILA - Power distributor Manila Electric Company said Thursday electricity rates will go down by P0.12 per kilowatthour this October. "This translates to a reduction of around P24 in the electricity bill of a household with monthly consumption of 200 ...

Best real estate reporting cited
Manila Standard Today - 2016-10-06
JASCOR promotes stories in the print media that support sustainable construction. It is jointly organized by Holcim Philippines and the Philippine Press Institute. The LafargeHolcim Group said sustainable construction is "building in a way that is ...

Smart Mining Market to Reach $15,837 Million, Globally, by 2022-Allied Market Research
WWBT-TV NBC 12 - 2016-10-06
A recent report published by Allied Market Research, titled, "Smart Mining Market by Type and Category - Global ... Graham and Clarissa Thomas robbed a business in the 6800 block of Paragon Place on October 4. Police say Jeremy Graham and Clarissa Thomas ...

Mini 'Pepper' robots start new jobs in Taiwan
MSN - 2016-10-05
A shiny new cohort joined the workforce in Taiwan Thursday -- a troop of mini robots all going by the name "Pepper", enlisted to entertain customers and give them the hard sell. Chinese-speaking Pepper was introduced into two banks and an insurance company ...

Araneta takes over PhilWeb
thestandard.com.ph - 2016-10-05
Former trade minister and businessman Roberto Ongpin agreed to sell his entire stake in gaming company PhilWeb Corp. to businessman Gregorio Araneta for P2 billion. PhilWeb said in a disclosure to the stock exchange RVO Group of Companies, the holding firm ...

Manila Water unit inks P4-B loan with Security Bank, Metrobank
BusinessMirror - 2016-10-05
The company said its unit Manila Water Philippine Ventures Inc. (MWPV) has signed the loan facility, which it also has an option to increase to a maximum of P7 billion. The maiden loan of MWPV is the single largest capital-raising activity of the company.

Araneta group acquires Ongpin shares in Philweb
BusinessMirror. - 2016-10-05
THE Araneta group on Wednesday acquired the stake of businessman Roberto Ongpin in online gambling firm Philweb, which will continue its deal with the Philippine Amusement and Gaming Corp. (Pagcor) to renew its license to operate a network of electronic ...

Araneta group acquires Ongpin shares in Philweb
BusinessMirror. - 2016-10-05
THE Araneta group on Wednesday acquired the stake of businessman Roberto Ongpin in online gambling firm Philweb, which will continue its deal with the Philippine Amusement and Gaming Corp. (Pagcor) to renew its license to operate a network of electronic ...

Ayala, MPIC expect to start LRT project
thestandard.com.ph - 2016-10-05
Light Rail Manila Corp., a consortium led by Ayala Corp. and Metro Pacific Investments Corp., said it will accelerate the construction of Light Rail Transit Line 1 Cavite extension project to meet the 2019 target completion date. "We are hoping that we ...

School-based anti-drug program launched
Philstar - 2016-10-05
MANILA, Philippines - Manila-based port operator Asian Terminals Inc. (ATI) has teamed up with information technology school STI to introduce a school-based education program that seeks to educate the youth on the perils of illegal drugs. In a statement ...

Despite constant warnings: Bank clients still fall prey to phishing
Philstar - 2016-10-05
This ensued after a complaint was raised by Jollibee Foods Corporation regional marketing head Nelson Judaya, through The Freeman, after he lost P65,000 from his ATM account with Metrobank. Judaya said the incident happened last week recalling that he did ...

Araneta takes over PhilWeb
Manila Standard Today - 2016-10-05
Former trade minister and businessman Roberto Ongpin agreed to sell his entire stake in gaming company PhilWeb Corp. to businessman Gregorio Araneta for P2 billion. PhilWeb said in a disclosure to the stock exchange RVO Group of Companies, the holding firm ...

Market retreats; MPIC rises
thestandard.com.ph - 2016-10-05
The Philippine Stock Exchange index, the 30-company benchmark ... Metro Pacific Investments Corp. which rose 0.8 percent to P7.20 and developer Ayala Land Inc. which gained 0.6 percent to P39.75. Bank of the Philippine Islands added 0.1 percent to close ...

The FREEMAN among finalists in construction reporting
Philstar - 2016-10-05
JASCOR, which is now on its third year, is jointly organized by construction solutions firm Holcim Philippines and the Philippine Press Institute, the country's largest association of newspapers. (FREEMAN)

Manila Water unit inks P4-B loan with Security Bank, Metrobank
BusinessMirror. - 2016-10-05
A unit of Ayala-led Manila Water Co. Inc. on Wednesday has signed a deal with Security Bank Corp. and Metropolitan Bank and Trust Co. for a 15-year, P4-billion fixed-term loan to finance its capital expenditures and for other future acquisitions.

Ayala, MPIC expect to start LRT project
thestandard.com.ph - 2016-10-05
Light Rail Manila Corp., a consortium led by Ayala Corp. and Metro Pacific Investments Corp., said it will accelerate the construction of Light Rail Transit Line 1 Cavite extension project to meet the 2019 target completion date. "We are hoping that we ...

Araneta group acquires Ongpin shares in Philweb
BusinessMirror. - 2016-10-05
THE Araneta group on Wednesday acquired the stake of businessman Roberto Ongpin in online gambling firm Philweb, which will continue its deal with the Philippine Amusement and Gaming Corp. (Pagcor) to renew its license to operate a network of electronic ...

Araneta group acquires Ongpin shares in Philweb
BusinessMirror - 2016-10-05
THE Araneta group on Wednesday acquired the stake of businessman Roberto Ongpin in online gambling firm Philweb, which will continue its deal with the Philippine Amusement and Gaming Corp. (Pagcor) to renew its license to operate a network of electronic ...

Most improved bond risk as Vietnam defies slowdown
BusinessMirror. - 2016-10-05
The current positive picture is very different from the aftermath of the global financial crisis, when Vietnam lagged behind its peers, held back by an inefficient state-controlled sector. Vietnam embarked on a drive in the 1990s to cut holdings in state ...

PSEi falls to 7,600 on telco, ECB woes
Inquirer - 2016-10-05
There was P324 million in net selling among foreign investors. Security Bank fell by 2.67 percent while GT Capital, Metrobank, SM Prime, Ayala Corp. and JG Summit all declined by over 1 percent. BDO and Jollibee also slipped. Notable decliners outside the ...

WATCH: Pia Wurtzbach's birthday party with fans and friends
Rappler - 2016-10-05
MANILA, Philippines - PLDT, which counts Miss Universe Pia Wurtzbach as one of its endorsers, released the video of her surprise birthday shot last September 24. In the video, Pia got to spend time with her supporters, the Pianatics, with the group's ...

AboitizPower invests $1.2 B in 2 Bataan plants
Philstar - 2016-10-05
Aboitiz Power Corp. announced yesterday its wholly owned unit Therma Power Inc. has finalized the purchase and sale agreements for the acquisition of the partnership interests held by affiliated investment funds of The Blackstone Group - World Power ...

PhilWeb implements retrenchment
Philstar - 2016-10-05
MANILA, Philippines - PhilWeb Corp. is implementing a retrenchment program following the non-renewal of its license by the Philippine Amusement and Gaming Corp. The company disclosed yesterday that vice president Antonio Jose Garcia would serve in the ...

PLDT Home unveils Smart Home in partnership with global heavyweights
thestandard.com.ph - 2016-10-05
Leading telco and digital services provider PLDT through its consumer business unit PLDT HOME is bringing the Smart Home suite of services to Filipino families with a string of partnerships with leaders in retail and entertainment. "This is a new era in ...

Philex mines passes audit of DENR technical team
baguiomidlandcourier.com.ph - 2016-10-05
regional offices of the Department of Agriculture and its Bureau of Fisheries and Aquatic Resources, the Department of Health-CAR; and the Social Action Commission, a religious social group under the Diocese of Baguio.

The Shot: Scottie Thompson stands on the shoulders of Barangay Ginebra
sports.tv5.com.ph - 2016-10-05
Thompson, relentless in his offensive onslaught, paced the locals in scoring with 24 points on 4/7 shooting from three-point land, to go along with 15 rebounds. He only finished with three assists, because Kuya LA told him to look for his shot.

Coop's president answers case
Visayan Daily Star - 2016-10-05
Central Negros Electric Cooperative president Arnel Lapore yesterday said the recent case filed against them by the general manager of Ceneco involving the Filinvest Development Corporation Utilities Inc. power supply agreement is a recycled case and had ...

DTI-ARMM holds 1st ARMM franchising expo
news.pia.gov.ph - 2016-10-05
A team from Metrobank, meanwhile, shared inputs on how to fund a business venture and manage capital. Jed Arboleda, Philippine Franchise Association (PFA) consultant, said the potential for the growth of franchising in the ARMM is high. "Franchising is ...

NAIA Redevelopment Project: Ayala, San Miguel, 5 Other Firms Keen To Invest In PPP Program
ibtimes.ph - 2016-10-05
6. Metro Pacific Investments Corp. (MPIC) The Manny V. Pangilinan-led infrastructure conglomerate is also looking to bid for the NAIA project to upgrade the airport. 7. Filinvest Development Corp. (FLI) Filinvest is also reported to bid on the project ...

Innovation Conference 2016
fmi.com.ph - 2016-10-05
He is one of the Board of Directors of Global Innovation Management Institute ... and Commerce major in Accounting from the De La Salle University. He was a former Vice President of the Management Association of the Philippines (MAP).

Aboitiz secures $650-m bank loan
thestandard.com.ph - 2016-10-04
Aboitiz Power Corp. on Tuesday signed an agreement with six foreign banks for a $650-million facility to partly finance the acquisition of indirect interests in two big coal plants in Bataan province. Aboitiz Power signed the facility agreement with The ...

Market climbs; Semirara up
thestandard.com.ph - 2016-10-04
Brown Company Inc., the holding company of businessman Walter Brown, which gained 6.1 percent to P1.21. Aboitiz Equity Ventures Inc., the holding company of the Aboitiz family, rose 3.2 percent to P77.60, while Manila Water Company Inc. added 1.6 percent ...

Naia redevelopment project gets 7 takers
BusinessMirror. - 2016-10-04
... interest for the project include San Miguel Corp. (SMC), Ayala Corp., JG Summit Holdings Inc., Filinvest Development Corp., Megawide Construction Corp. and Metro Pacific Investments Corp. "AEDC will have a foreign partner in bidding for the project ...

Aboitiz gets $1.2-billion interest in 2 power plants
BusinessMirror - 2016-10-04
DAVAO CITY--The Aboitiz Power Corp. announced on Tuesday it was acquiring indirect partnership interests at New York-listed funds in GNPower Mariveles Coal Plant Ltd. Co. (GMCP) and GNPower Dinginin Ltd. Co. (GNPD). AboitizPower said the funds at the two ...

GSIS extending ID card enrolment
Philstar - 2016-10-04
CEBU, Philippines - The Government Service Insurance System-Cebu Branch's Loans and E-Service Unit team is bringing the Unified Multi-purpose ID enrolment and card distribution literally to the local government units and government establishments.

Capable to fund own expansion: Local retail chain brushes off IPO plans
Philstar - 2016-10-04
The Philippine Stock Exchange (PSE) has been urging companies ... after the maiden offerings of Golden Haven Memorial Park Inc. (P787 million) in June and CEMEX Holdings Philippines Inc. (P25 billion) in July. The IPOs in the pipeline include the P29.7 ...