Stocks end week lower
Inquirer - 1 week ago
GT Capital and Metrobank both fell by more than 2.9 percent. SM Investments fell by 2.02 percent. BPI, Petron, Ayala Land and Jollibee all lost 1 percent while ICTSI and JG Summit also slipped.

The future of work
Inquirer Opinion - 1 week ago
Guillermo M. Luz (luz.gm@ayala.com.ph) is an associate director at Ayala Corp. and served as cochair of the National Competitiveness Council from 2011 to 2018. Business Matters is a project of the Makati Business Club.

Ayala Land posted record profit in 2018
Inquirer - 1 week ago
a joint development project with parent Ayala Corp. Revenue from the sale of residential lots and units rose by 18 percent to P94.6 billion in 2018. Revenue from the sale of office spaces reached ...

The Villars' alleged conflicts of interest
philstar.com - 1 week ago
Now, the question that is begging to be asked is: How can she do all these when the family's real estate development has been, for the longest time, transforming rice and corn farms into Camella Homes and Vista Land projects? Cythia Villar is a decent and ...

San Miguel can begin construction of Bulacan airport by yearend if no other bidders emerge - DoTr
CNN Philippines - 1 week ago
Metro Manila (CNN Philippines, February 15) -- A conglomerate may soon begin construction of a new international airport north of Manila, a Transportation official said Friday. In an ...

Higher social pension for poor senior citizens
philstar.com - 1 week ago
This week I had interesting interactions with senior citizens in some barangays of Quezon City, Manila, and the cities of Caloocan and ... to certain indigent senior citizens by the current law. In fact, many of them had already joined march-rallies ...

RHI Group to continue Nasugbu operations after antitrust body junks merger
Rappler - 1 week ago
MANILA, Philippines (UPDATED) - Sugar and ethanol producer Roxas Holdings, Incorporated (RHI) Group said that it would continue to operate its sugar mill and refinery in Nasugbu, Batangasafter the Philippine Competition Commission (PCC) deemed its sale ...

Education institutions opting for solar power in a big way
The Hans India - 1 week ago
According to APEPDCL Kakinada Divisional Engineer N Udaya Bhaskar, there are 80 consumers in 11 mandals under Kakinada division who opted for solar rooftop installations from NREDCAP (New and Renewable Energy Development Corporation of AP) with 30 per cent ...

Estate planning for your digital assets
BusinessMirror - 1 week ago
The law is very clear about handling paper documents and other physical property when someone dies ... footprints in the early part of the 21st century. Facebook and Gmail began operations ...

DOF ranks accuracy of analysts' GDP forecasts
Rappler - 1 week ago
The lower the MAPE, the better the forecasts. BPI is followed by Security Bank's Angelo Taningco, Ateneo de Manila University professor Alvin Ang, as well as economists of IHS Markit and the Institute for Development and Econometric Analysis. The DOF said ...

PBA D-League a stepping stone for Cesafi products, Cebuano cagers
Inquirer.net - 1 week ago
These are Franz Diaz and Travis Mantua, who are playing for Centro Escolar University and Cha Dao Tea ... would be really hard to possibly stay in Manila for an extended period of time or fly ...

December cash remittances at record high, but 2018 growth slowest on record
BusinessWorld - 1 week ago
"December is the season for sending back money for loved ones in the Philippines," Union Bank of the Philippines, Inc. chief economist Ruben Carlo O. Asuncion said in a mobile phone message. Remittances usually peak towards December each year as OFWs ...

Friday marks second straight weekly fall ahead of PSEi rebalancing
BusinessWorld - 1 week ago
Besides Bloomberry, the others were: Ayala Corp. (3.78% to P961 apiece), Universal Robina Corp. (1.53% to P146), Aboitiz Equity Ventures, Inc. (5.52% to P66) and Vista Land & Lifescapes, Inc. (26.98% to P8 each).

ALI raises 2019 capex budget to P130 billion
BusinessWorld - 1 week ago
Bengzon said that about 40% will go to residential development, 20% to 25% to its leasing business, and the remainder deployed for land acquisition. The capex budget will be funded by bank debts and bond issues, for which the company will file a P50 ...

RHI to seek expansion opportunities after PCC rejects deal
BusinessWorld - 1 week ago
ROXAS Holdings Inc (RHI) said that it will continue to pursue further options to expand its operations in Batangas and Negros after the Philippine Competition Commission (PCC) rejected the proposed sale of its Nasugbu sugar mill to Universal Robina Corp ...

Udenna unit PH Resorts sheds 12% after approval of share offer
BusinessWorld - 1 week ago
The remainder will finance the expansion of the Donatela Hotel in Panglao, Bohol, will some funds will be used for general corporate purposes. Subject to market conditions, pricing of the proposed offering is expected after the conclusion of a global ...

Risk of flooding, mudslides remains after California storm
Philippine Daily Inquirer - 1 week ago
The National Weather Service reported staggering rainfall amounts across California, including more than 9.4 inches (24 centimeters) over 48 hours at one location in the San Bernardino Mountains ...

Groups urge energy body to cancel pending PSAs
Philippine Daily Inquirer - 1 week ago
MANILA - Groups under the Power for People (P4P Coalition) have urged the Energy Regulatory Commission (ERC) to immediately cancel the seven power supply agreements (PSAs) of Meralco which have ...

Newly renovated Star Wars-themed PGH Pediatric Hematology-Oncology Clinic brings joy to indigent children with cancer
Inquirer - 1 week ago
Sometime in 2016, the doctors at the Philippine General Hospital (PGH ... to improve treatment for cancer patients and coming up with standard operating procedures.

Scottish Budget impact on purchasers of agricultural property
Lexology - 1 week ago
Derek Mackay, Scottish Finance Secretary announced ... for example, the agricultural holding included a farmhouse or cottage and the buyer already owns another dwelling) or the purchase is by a company, the increased ADS rate would apply, making the ...

Start LASER-testing those candidates
philstar.com - 1 week ago
Also at Dickies Stores: SM North EDSA, Annex Bldg. 1; SM Fairview, Ground Flr., Main Bldg.; or Ever Gotesco Commonwealth. For walk-ins: EKIT-EDIT Tambayan, Vinzons Hall, across the Sunken Garden venue, UP Diliman. Catch Sapol radio show, Saturdays ...

Solaire QC secures P40-B funding deal
Inquirer - 1 week ago
Colenders Metropolitan Bank & Trust Co., Union Bank, Bank of Commerce, China Bank and Robinsons Bank lent the balance of P18.5 billion. Proceeds from this loan facility will partially finance the ...

URC drops bid to buy out rival sugar mill
Inquirer - 1 week ago
Roxas Holdings, for its part, only acknowledged receipt of the decision in a stock market disclosure.

Markets up as US, China work out trade issues
Inquirer - 1 week ago
It was followed by International Container Terminal Services Inc., up 0.78 percent to P115.90; Ayala Land Inc., up 1.35 percent to P45; Jollibee Foods Corp., up 1.65 percent to P321.20 ...

Banks offer P200B for agri-agra boost
Inquirer - 1 week ago
Ben Evardone, who also chairs the House committee on credit and banking, arranged a meeting on Tuesday with a group of bankers led by Philippine Business Bank founder Alfredo Yao. Banks that ...

Phoenix-CNOOC venture eyes PNOC as partner in natural gas plan in Batangas
Inquirer - 1 week ago
Phoenix Petroleum Philippines Inc. yesterday said its planned joint venture firm with China National Offshore Oil Corp. (CNOOC) was pursuing talks to enlist Philippine National Oil Co. as a ...

BDO unit to shell out P781 million for Bulacan rural bank
philstar.com - 1 week ago
MANILA, Philippines -- One Network Bank Inc. (ONB), the rural banking arm of BDO Unibank Inc., is initially spending P781 million to acquire a Bulacan-based rural bank to beef up its nationwide presence and cater to more small and medium enterprises (SMEs ...

Phoenix, PNOC set to sign deal to build Tanglawan LNG terminal
BusinessMirror - 1 week ago
PHOENIX Petroleum Corp. and state-owned Philippine National Oil Co. (PNOC) may sign soon a memorandum of understanding (MOU) to formalize their strategic alliance for the planned LNG (liquefied ...

Jollibee nets 17% more in 2018, doubles 2019 capex
philstar.com - 1 week ago
MANILA, Philippines -- Filipino-owned fastfood giant Jollibee Foods Corp. (JFC) finished 2018 with higher profitability despite a challenging environment brought about by rising inflation rate and slower economic growth. To sustain its momentum, JFC is ...

PCC blocks URC-RHI deal over monopoly concerns
philstar.com - 1 week ago
MANILA, Philippines -- The Philippine Competition Commission (PCC) has blocked the planned acquisition by Universal Robina Corp. (URC) of the refining and milling assets of Central Azucarera Don Pedro Inc. (CADPI) and land owned by Roxas Holdings Inc ...

DOE endorses more projects as EPNS
philstar.com - 1 week ago
... supercritical clean coal-fired power plant of GNPower Dinginin Coal Plant Ltd., a partnership among AC Energy Inc., Aboitiz Power Corp. and Power Partners Ltd. Co. The facility is located in Bataan. EICC lumped in one CEPNS the commerciality phase for ...

ICTSI inaugurates expanded container terminal in Georgia
BusinessMirror - 1 week ago
THE International Container Terminal Services Inc. (ICTSI) has inaugurated the expansion of its container terminal in Batumi, Georgia, expanding the capacity of the facility by a third. In a ...

Metrobank redeeming P16 billion debt ahead of schedule
philstar.com - 1 week ago
Aside from Metrobank, other banks that issued Tier 2 notes include Philippine Savings Bank with P3 billion, East West Banking Corp. with P5 billion, BDO Unibank Inc. with P10 billion, Asia United Bank with P5 billion, and East West Rural Bank with P1.25 ...

DataLand to expand into Clark Global City
BusinessMirror - 1 week ago
GGDC has since signed a sublease agreement with SM Prime Holdings Inc. and a memorandum of agreement with Century Properties Group Inc. for a joint venture. "We want Clark Global City to serve ...

Roxas Holdings widens net loss in first quarter 2019
philstar.com - 1 week ago
MANILA, Philippines -- Listed sugar and bio-energy company Roxas Holdings Inc. (RHI) has widened its net loss for the first quarter of the current crop year due to lower sugar prices. In a disclosure to the local bourse, RHI said net loss for the ...

Enrique Razon best executive; NGAP is National Sports Association of the year
philstar.com - 1 week ago
SM Prime Holdings, Tapa King, Rain Or Shine, NorthPort, Chooks To Go. The 58-year-old Razon on the other hand, has been known as an avid golfer and major supporter of the sport in the country by way of the Philippine Golf Tour, which is being bankrolled by ...

Scribes honor golf body, Razon
BusinessMirror - 1 week ago
International Container Terminal Services Inc. (ICTSI), SM Prime Holdings, Tapa King, Rain or Shine, NorthPort and Chooks To Go. The 58-year-old Razon, on the other hand, has been known as an avid ...

DOE certifies power projects of national significance
BusinessMirror - 1 week ago
15-MW Masbate coal plant of DMCI Power Corp., 1.2-MW biogas power plant project of First Quezon Biogas Corp. and the 6-MW Pangasinan Green Atom Waste to Energy project of Green Atom Renewable ...

PCC blocks merger of 2 sugar mills
BusinessMirror - 1 week ago
These mills produce raw sugar, refined sugar and molasses for supply to other URC business segments and third parties. RHI owns 100 percent of the shares of Cadpi, which is operating an integrated ...

Jollibee sets P17-billion capital spending for 2019
BusinessWorld - 1 week ago
"The Philippine business performed strongly in 2018 despite rising inflation rate and slowing GDP growth...Operating margin even improved slightly compared with 2017," JFC Chief Executive Officer Ernesto Tanmantiong said in a statement ...

STI Education net income falls 39% in 9 months
BusinessWorld - 1 week ago
EARNINGS of STI Education Systems Holdings, Inc. dropped by 39% in the nine months ending December 2018, dragged by the lower number of college freshman enrollees for the period. In a regulatory filing, STI Holdings reported a net income of P190.4 million ...

Bourse breaks 4-day fall, but ends short of 8,000
BusinessWorld - 1 week ago
THE Philippine Stock Exchange index (PSEi) snapped its four-day losing streak on Thursday as foreigners returned to buying mode, but this was not enough to pull the bourse back above the 8,000 mark. PSEi rose by 0.89% or 71.01 points to finish 7,991.25 ...

Power for People Coalition protests power hike
Journal - 1 week ago
AROUND 300 members of Power for People Coalition (PPC) trooped to Meralco head office yesterday to protest yet another electricity hike from the distribution utility this February, coupled with its seven pending Power Supply Agreements with coal companies ...

Jollibee profit zooms by 17.1% in 2018
Rappler - 1 week ago
MANILA, Philippines - The profit of Jollibee Foods Corporation jumped by 17.1% to P8.3 billion in 2018, as the company opened 502 stores - the most it has opened in a single year. In a regulatory filing on Thursday, February 14, Jollibee reported ...

Scribes to fete golf body, patron
Journal - 1 week ago
SM Prime Holdings, Tapa King, Rain or Shine, NorthPort, and Chooks To Go. The 58-year-old Razon on the other hand, has been known as an avid golfer and major supporter of the sport in the country by way of the Philippine Golf Tour, which is being ...

BDO overtakes Metrobank, BPI as 'most reputable bank'
Sun Star - 1 week ago
Government-operated banks such as the Philippine National Bank (PNB) and Landbank complete the top 5 list. Meanwhile, the study shows RCBC, RCBC Savings and Security Bank as having major gains on reputation over this 10-year period, now joining the pack of ...

SE Asia Stocks-Most end higher on strong China trade data, Philippines leads
Reuters - 1 week ago
* Philippines snaps four consecutive sessions of losses * Singapore inches up ahead of Q4 GDP report on Friday By Anushka Trivedi Feb 14 (Reuters) - Most Southeast Asian stock markets closed higher on Thursday after moving in a thin range, with Philippines ...

MMDA bares traffic rerouting plans for Skyway Stage 3 construction at NLEX Balintawak
Philippine Information Agency - 1 week ago
QUEZON CITY, Feb. 12 (PIA)--The Metro Manila Development Authority (MMDA) and NLEX Corporation has implemented a major traffic rerouting plan to allow San Miguel Corporation-led Citra Central Expressway Corporation (CCEC) to proceed with the full-blast ...

DOTr launches 2 free shuttle service routes to, from PITX
Philippine Daily Inquirer - 1 week ago
For the Monumento - EDSA - Baclaran - PITX route, there will be designated stops in Muñoz, Paramount, Trinoma, Ortigas, Guadalupe, Ayala and Pasay.

Mazda BT-50 - your diamond in the rough
philstar.com - 1 week ago
especially during inclement weather. Having said that, the BT-50--in true Mazda fashion--is certainly fun to drive, especially for its nimbleness, which is a core trait observed across all Mazda vehicles. Moreover, the company has tweaked the BT-50's ...