Thrift banks see steady income growth this year
BusinessWorld Online - 2016-09-16
Chamber of Thrift Banks (CTB) President Rommel S. Latinazo, who is also president of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) Savings Bank, said the performance of the thrift banking industry has so far showed encouraging growth. "I think the ...

Why the stock market is not important
BusinessMirror. - 2016-09-16
Believe it or not, there are dozens of things that are more important economically than the Philippine stock market. But before looking at the stock market, what are the important economic issues? Interest rates are more important than what happens to ...

$5 billion in revenues, 210,000 jobs in health care
BusinessMirror. - 2016-09-16
Speakers include Karthik Rajan, principal consultant of Frost & Sullivan; Dan Schwebach, VP of AAPC; Nora K. Terrado, undersecretary of the Department of Trade and Industry; Roger Salazar, president and Country Lead of UHG; and Kit Sumabat, CEO of ...

Filinvest City relaunches multibillion remaster plan
BusinessMirror. - 2016-09-16
FILINVEST Alabang Inc. (FAI) announced an ongoing multibillion-peso project to enhance the master plan of the 244-hectare Filinvest City in southern Metro Manila, a rapidly growing corporate hub in the country. FAI EVP Catherine A. Ilagan said the long ...

Exec bats for greater effort to grow e-GDP
BusinessMirror. - 2016-09-16
"According to the data that we gathered, the country has only 10-percent electronic-GDP of the GDP," Nick Fontanilla, CEO and president of I-Metrics Asia Pacific Corp., told the BusinessMirror. e-GDP is the sum of all online transactions of top 10,000 ...

Hot money reverses to $2-B inflow in 8 months
Philstar - 2016-09-16
About 83 percent of investments registered in August were injected into companies listed at the Philippine Stock Exchange (PSE), particularly in holding companies; property firms; banks, food, beverage, and tobacco firms; and telecommunication companies.

Outstanding Pinoys recognized by Duterte, receive P500,000 each from Metrobank
Philstar - 2016-09-16
"These men and women hail from all walks of life but they share a common passion for service ... are Roy Basa of Negros Occidental High School, Nelson Agoyaoy of University of the East Elementary and High School Department, Ma. Regaele Olarte of ...

COCKTALES | Pilipinas Shell loses P5.7-B tax case ahead of P30-B roadshow
interaksyon.com - 2016-09-16
But that, as they say, is another story. Two new airlines target Cebu A Korean-financed start-up, Pan Pacific Airlines, is seeking local regulatory approvals to commence scheduled services between Seoul and Cebu or Kalibo hopefully in time for the Yuletide ...

Signal No. 1 hoisted anew over Batanes
Philstar - 2016-09-16
Meanwhile, four international flights of Philippine Airlines were canceled yesterday due to bad weather. On the other hand, several local flights of Cebu Pacific have also been canceled after the Civil Aviation Authority of the Philippines announced the ...

LIVE: 2016 Milken Institute Asia Summit
Rappler - 2016-09-16
Rappler is at Forces Shaping Asia, the 2016 Milken Institute's Asia Summit in Singapore ... they are more discerning and tech-savvy in their buying behavior than the generations before them. This panel of experts will look at the opportunities -- and ...

Hero's welcome awaits PHL's first woman Chess Grandmaster in Legazpi City
news.pia.gov.ph - 2016-09-16
"While at FEU Janelle initially was able to attend classes four times a week until it became three times a week and later two times a week. It came to a point that she was only present during their examination days," said Corazon. She said it was very ...

Top DOF execs take oath before Dominguez
news.pia.gov.ph - 2016-09-16
Before joining the government service, Agabin was the Senior Vice-President for Legal Affairs of the Rapu-Rapu Minerals, Inc., Assistant Vice-President as well as Legal & Deputy Counsel for Philippine Associated Smelting and Refining Corporation ...

From duped maids to farmers, Asian women lead the way in businesses to aid society
BusinessWorld Online - 2016-09-15
BANGKOK/JAKARTA -- At all the peace talks Joji Felicitas Pantoja attended in the conflict-troubled Philippine island of Mindanao ... between June 9 and July 15 in partnership with Deutsche Bank, the Global Social Entrepreneurship Network (GSEN) and ...

Market rebounds; Aboitiz, JG advance
thestandard.com.ph - 2016-09-15
Bank of the Philippine Islands, the third fourth largest lender, rose 4.2 percent to P107.90, while BDO Unibank Inc., the largest bank, added 3.7 percent to close at P113. Meanwhile, traders worldwide are focusing on the central bank gatherings ...

Nickel Asia opts to sell 12.5% stake in Taganito
thestandard.com.ph - 2016-09-15
Nickel Asia Corp. said Thursday its board approved the sale of its 12.5-percent shareholdings in Taganito HPAL Corp. to the Japanese operator for $42 million. Nickel Asia said in a disclosure to the stock exchange the stake was sold to Sumitomo Metal ...

Petron acquires power facility
thestandard.com.ph - 2016-09-15
Petron Corp. is acquiring a 140-megawatt solid fuel power plant of SMC PowerGen Inc. at the Petron refinery complex in Bataan province. Petron said in a disclosure to the stock exchange Thursday its executive committee granted an authority to the company ...

Lascuna takes control with a 70; 8 others in hot pursuit
thestandard.com.ph - 2016-09-15
Dutch Guido Van der Valk and Ferdie Aunzo as Elmer Salvador wavered despite ideal condition halfway through the Central Azucarera de Tarlac Open at the Luisita Golf and Country Club here yesterday. Lascuña birdied the par-3 sixth from long range and the ...

Lascuna takes control with a 70; 8 others in hot pursuit
thestandard.com.ph - 2016-09-15
TARLAC--Tony Lascuña slowed down with a two-under 70 but still took his familiar role as leader, seizing a one-stroke lead over American Micah Shin, Dutch Guido Van der Valk and Ferdie Aunzo as Elmer Salvador wavered despite ideal condition halfway ...

Petron acquires power facility
thestandard.com.ph - 2016-09-15
Petron Corp. is acquiring a 140-megawatt solid fuel power plant of SMC PowerGen Inc. at the Petron refinery complex in Bataan province. Petron said in a disclosure to the stock exchange Thursday its executive committee granted an authority to the company ...

Globe Telecom positions Davao in global connectivity map
thestandard.com.ph - 2016-09-15
Globe Telecom is positioning Davao in the global connectivity map by aggressively building on its network infrastructure that includes the construction of the Philippine end of an international undersea cable system, the only facility of such kind in the ...

Filinvest group to redevelop Alabang corporate center
Inquirer - 2016-09-15
Filinvest Alabang Inc. (FAI), a subsidiary of Filinvest Development Corp., Thursday announced a long-term plan to transform more than 20,000 square meters of open space in the estate into landscaped nature parks, the construction of mega blocks or large ...

PCC review of P69.1-B telco buyout backed
Inquirer - 2016-09-15
The JFC cited the initial findings of the PCC, which earlier published a Preliminary Statement of Concerns on the Joint Acquisition by PLDT and Globe Telecom of Vega Telecom Inc., Bow Arken Holding Co. Inc. and Brightshare Holdings Corp. According to the ...

PLDT expands enterprise business
thestandard.com.ph - 2016-09-15
Leading telecoms and digital services provider PLDT Inc. continued to post double-digit growth in the enterprise segment in the first half, buoyed by data and broadband services which accounted for nearly 60 percent of enterprise revenues. PLDT reported ...

Centro Manufacturing upbeat on 2016 growth
BusinessMirror. - 2016-09-15
such as Megawide Construction Corp. and Meralco. Centro caters to the construction industry through its distributor partnership with a Swedish manufacturer of construction equipment, like loader cranes and truck-mounted forklifts. Centro exclusively ...

PLDT expands enterprise business
thestandard.com.ph - 2016-09-15
Leading telecoms and digital services provider PLDT Inc. continued to post double-digit growth in the enterprise segment in the first half, buoyed by data and broadband services which accounted for nearly 60 percent of enterprise revenues. PLDT reported ...

Globe, Davao City put up hotline for peace and order concerns
Manila Bulletin - 2016-09-15
Globe Telecom and the Davao City government are collaborating to help improve the peace and order situation in the city by putting in a place a hotline, 0917-Duterte (0917-3883783), to receive calls and texts relating to security concerns in the city.

CX-3 unveiled
BusinessMirror. - 2016-09-15
In Photo: Fujihashi Minoru (from left), general manager, Brand and Sales promotion, Asean Business Office of Mazda Motor Corp.; Steven Tan; president and CEO of Berjaya Auto Philippines; Dato Seri Ben Yeoh, executive director and CEO of Bermaz Motor ...

IFC launches EDGE building certification system in PH
Manila Bulletin - 2016-09-15
Recognized for their green buildings were ItalPinas Development Corporation for Primavera Residences condominium towers A and B in Cagayan de Oro and Imperial Homes for the affordable housing units Tiarra Premiere and Delsey in Santo Tomas, Batangas.

SolGen takes cudgels for PCC, files MR to lift CA probe ban
Manila Bulletin - 2016-09-15
The Office of the Solicitor General (SolGen) the other day (September 14, 2016) filed a Motion for Reconsideration (MR) after the Court of Appeals (CA) 12th Division ruled in favor of the Philippine Long Distance Telephone Co. (PLDT) on its acquisition ...

JFC sees telco deal anti-competitive, airs concern on CA TRO
Manila Bulletin - 2016-09-15
The Joint Foreign Chambers in the Philippines (JFC) expresses its concern over the preliminary injunction issued by the Court of Appeals (CA) enjoining the Philippine Competition Commission (PCC) from reviewing the controversial SMC-PLDT-Globe transaction ...

Arthaland to use proceeds of preferred-share offering for Laguna, Makati projects
BusinessMirror. - 2016-09-15
PROPERTY developer Arthaland Corp. said most of the proceeds of its P3-billion preferred share offering will go to its development projects. The biggest of these will be plowed to its South of Metro Manila project, where it intends to develop a medium-rise ...

Data, ICT solutions boost PLDT enterprise growth
BusinessMirror. - 2016-09-15
LEADING telecoms and digital-services provider PLDT has continued to post double-digit growth in the enterprise segment in the first half of the year, buoyed by data and broadband services, which accounted for nearly 60 percent of enterprise revenues.

DOT eyes integration of terminal fee, plane ticket
thestandard.com.ph - 2016-09-15
Under the plan, the domestic passenger service charge, commonly known as terminal fee, will be collected by the airlines as part of ticket payment in an effort to ease the queuing and delays at airport terminals. DOT, CAAP and Philippine carriers discuss ...

1,000 housing units in Tacloban City for uniformed personnel still unoccupied
interaksyon.com - 2016-09-15
another 450 for personnel of the Armed Forces of the Philippines; Bureau of Correction, 50; and Bureau of Fire Protection, 50. The housing project was undertaken by Solana Land Development Corporation and Golden Build Corporation. According to NHA Estate ...

1,000 housing units in Tacloban City for uniformed personnel still unoccupied
interaksyon.com - 2016-09-15
another 450 for personnel of the Armed Forces of the Philippines; Bureau of Correction, 50; and Bureau of Fire Protection, 50. The housing project was undertaken by Solana Land Development Corporation and Golden Build Corporation. According to NHA Estate ...

PSEi rebounds to 7,700 on bargain-hunting
Inquirer - 2016-09-15
New PSEi member Security Bank also firmed up along with Ayala Corp. and EDC. On the other hand, the services index was weighed down by telcos PLDT and Globe which respectively slipped by 2.82 percent and 0.35 percent. ICTSI also fell by 0.64 percent.

LIVE: 2016 Milken Institute Asia Summit
opensources.info - 2016-09-15
After a rocky start, global financial markets have shown surprising resilience in 2016. Jitters over slowing economic growth in China have subsided somewhat, offset by strength in U.S. job growth. The UK vote to exit the European Union initially shocked ...

Ayala looking into power, overseas acquisitions
interaksyon.com - 2016-09-15
MANILA - Ayala Corporation is scouting for acquisitions in the power, water and real estate spaces overseas including Indonesia. The firm also plans to boost investments in automotive and education. According to Paolo Borromeo, Ayala's managing director ...

Ayala looking into power, overseas acquisitions
interaksyon.com - 2016-09-15
MANILA - Ayala Corporation is scouting for acquisitions in the power, water and real estate spaces overseas including Indonesia. The firm also plans to boost investments in automotive and education. According to Paolo Borromeo, Ayala's managing director ...

Top tech experts and changemakers to convene in Bohol for Ocean 2016 Summit
The Daily Tribune - 2016-09-15
Young Filipino global leaders and shapers recognized by the World Economic Forum (WEF) are getting together and gearing up for the Open Collaboration ... new technologies to accelerate economic development and social progress?" The three-day summit ...

DMCI Homes debunks claim condo tower obstructs flight path to NAIA
www.msn.com - 2016-09-14
DMCI Homes on Thursday debunked the allegations of Senator Joseph Victor Ejercito that its condominium project in Taguig City obstructs the flight path of aircraft bound for the Ninoy Aquino International Airport (NAIA). "Cypress Towers was not built ...

Oppo's first Ultra HD Blu-ray player is coming later this year
MSN - 2016-09-14
So far, customers can choose from Samsung, Panasonic, RCA or Microsoft's Xbox One S (which unfortunately lacks bitstream audio capabilities necessary for Dolby Atmos), with Sony's first 4K-ready player due next year. We're still a bit shocked that the PS4 ...

PSE reviews sale of SMC telco assets
Philstar - 2016-09-14
admu.edu.ph MANILA, Philippines - The Philippine Stock Exchange is looking into the different issues surrounding the sale of the radio frequencies by listed company Liberty Telecoms Holdings Inc. In a chance interview yesterday, PSE chief operating ...

Telco kicks off network upgrade in Metro Cebu
Philstar - 2016-09-14
This new roll-out plan includes the use of the 700 MHz frequency band that Smart obtained under a co-use arrangement, from the acquisition of the telecom business of San Miguel Corporation (SMC), by PLDT and Globe Telecom in May this year. Along with its ...

Lascuña, Salvador storm ahead
Philstar - 2016-09-14
dropping into a share of the lead with Elmer Salvador at 68 as the Davaoeño aces took a one-stroke lead over the unheralded pair of Ramil Bisera and Rico Depilo at the start of the Central Azucarera de Tarlac Open here yesterday. Lascuña and Salvador ...

PLDT revenue from enterprise business up 10% to P15 B in H1
Philstar - 2016-09-14
MANILA, Philippines - PLDT Inc. posted a double-digit growth in enterprise business in the first six months from a year ago amid strong usage of data and broadband services. In a statement yesterday, PLDT said revenues from the enterprise business ...

Ayala eyeing Indonesia for power investments
thestandard.com.ph - 2016-09-14
Conglomerate Ayala Corp. is looking at Indonesia and other countries for investment opportunities in the power sector to expand and diversify its business portfolio. Ayala Corp. managing director and head of corporate strategy Paolo Borromeo said in an ...

Lascuña, Salvador set pace
thestandard.com.ph - 2016-09-14
TARLAC--Tony Lascuña stumbled with a late bogey at the front and dropped into a share of the lead with Elmer Salvador at 68 as the Davaoeño aces took a one-stroke lead over the unheralded pair of Ramil Bisera and Rico Depilo at the start of the Central ...

Lascuña, Salvador set pace
thestandard.com.ph - 2016-09-14
TARLAC--Tony Lascuña stumbled with a late bogey at the front and dropped into a share of the lead with Elmer Salvador at 68 as the Davaoeño aces took a one-stroke lead over the unheralded pair of Ramil Bisera and Rico Depilo at the start of the Central ...

Ayala eyeing Indonesia for power investments
thestandard.com.ph - 2016-09-14
The conglomerate through subsidiary Integrated Micro-Electronics Inc. signed an agreement last month to acquire a 76-percent interest in Via optronics GmbH, a leading optical bonding and display solutions provider, for 47.4 million euros.