Ayala divests in Vietnam infra
Philstar - 2016-09-20
The divestment comes four years after Ayala and Ho Chi Minh agreed to jointly invest in Vinaphil, a corporation established under Vietnam law to invest in infrastructure projects in Vietnam. No immediate reason was given for the divestment. During ...

Filinvest allots over P10 billion for Mindanao expansion
BusinessMirror. - 2016-09-20
Filinvest Land Inc. (FLI) is set to invest an additional P5 billion in the next three years in Mindanao, as it expands its Futura Homes economic housing under the Spatial medium-rise building (MRB) portfolio with new projects in South Cotabato and Davao City.

A ray of hope
Philstar - 2016-09-20
Reyes (The Philippine Star) | Updated September 21 ... It was approved by the National Economic and Development Authority (NEDA) board in 2013 under the public-private partnership (PPP) program. However, it suffered several delays because the government ...

Index strengthens above 7,600
Philstar - 2016-09-20
Semirara Mining and Power Corp. gained 4.77 percent to close at P114.20 per share after the DENR found its expansion project to be "technically sound," and "complaint" with regulations. The company underwent an audit last July after the DENR sought ...

Market advances; ICTSI rises
thestandard.com.ph - 2016-09-20
Infrastructure conglomerate Metro Pacific Investments Corp. rose 4.1 percent to P6.90, while GT Capital Holdings Inc., the investment company ... of speculation that has fanned volatility across global trading floors, with investors split on whether ...

RCBC executives deny link to laundering
thestandard.com.ph - 2016-09-20
Rizal Commercial Banking Corp. said Tuesday it is confident any complaints filed by the Anti-Money Laundering Council against its officials in connection with the $81-million money laundering scam will be dismissed. The bank was responding to a statement ...

RCBC executives deny link to laundering
thestandard.com.ph - 2016-09-20
Rizal Commercial Banking Corp. said Tuesday it is confident any complaints filed by the Anti-Money Laundering Council against its officials in connection with the $81-million money laundering scam will be dismissed. The bank was responding to a statement ...

Saudi Airlines from Jeddah placed in isolation on NAIA runway
Manila Bulletin - 2016-09-20
Most of the passengers are said to have come from the Haj pilgrimage in Saudi Arabia. Anti-hijacking operatives are said to be in the area, together with executives of the Manila International Airport Authority and the Philippine office of Saudia Airlines.

Market advances; ICTSI rises
thestandard.com.ph - 2016-09-20
Seventeen of the 20 most active stocks ended in the green, led by port operator International Container Terminal Services Inc. which advanced 5.5 percent to P82 and Semirara Mining and Power Corp. which gained 4.8 percent to P114.20. Infrastructure ...

Globe Telecom expands network, to build over 500 LTE700 sites
Manila Bulletin - 2016-09-20
Globe Telecom goes full throttle in expanding its network to boost its Internet service so the Philippines can achieve first world online connectivity. As the telco deploys Long Term Evolution (LTE) 700 in more sites, the services will improve further ...

This visionary strives for perfection
Manila Bulletin - 2016-09-20
Miguel Angel A. Camahort is one business executive who only settles for nothing else, but success. As president and chief operating officer of LBC Express, Inc., Camahort ensures that LBC journeys only to success, which is a result of a consistent plan for ...

DPWH awards connector road project to Metro Pacific
Manila Bulletin - 2016-09-20
Metro Pacific Investments Corporation subsidiaries Metro Pacific Tollways Development Corporation and Manila North Tollways Corporation have received the Notice of Award for the NLEX-SLEX Connector Road Project. In a disclosure to the Philippine Stock ...

P5.44-billion registered investments in resorts, hotels in January-July 2016
BusinessMirror. - 2016-09-20
They are Mercure Hotel (499 rooms) in Malate, owned by Century Peak Property Development Inc., which is scheduled to open in 2018; The Funny Lion Inn (32 rooms), in Coron, Palawan, by Hacienda El Sol Development Corp., which opened in February 2016 ...

Court orders release of $15-million laundered money to Bangladesh
BusinessMirror. - 2016-09-20
Paras added that the court order on the forfeiture case would have no effect on the money-laundering charges by the Anti-Money Laundering Council against Wong, former Rizal Commercial Banking Corp. Branch Manager Maia Santos-Deguito, and executives of ...

SSS salutes its institutional partners through Balikat ng Bayan Awards
BusinessMirror. - 2016-09-20
Given special citations as collecting and paying partners were RCBC Savings Bank, I-Remit Inc. and Philippine National Bank. Also recognized as media partners for print and broadcast, respectively, were the "Ang Inyong Lingkod" column of Dr. Hilda Ong ...

Returning pilgrims scrutinized at NAIA
Manila Bulletin - 2016-09-20
It was learned that two Saudia flights carrying the Haj pilgrims landed at the NAIA 1 terminal while another Philippine Airlines flight arrived at the NAIA 2 terminal. They were processed by a team of immigration officers who were among the members of an ...

EDGE building certification system launched
BusinessMirror. - 2016-09-20
Teresita Lacerna of the World Bank said the launching of EDGE in the Philippines comes at the right time as buildings 33.28 million metric tons of carbon dioxide, accounting for 36 ... former mayor Benjamin C. Abalos Jr. of Mandaluyong City was cited ...

Nurse gains personal success, financial rewards as franchisee
BusinessMirror. - 2016-09-20
In Photo: for Malen M. Balina, managing a 7 Eleven store gave her the growth opportunity and fulfillment as a businesswoman. Emerging franchisees who want to succeed in their business ventures do whatever it takes to achieve this goal. From staying ...

Govt workers can order meds by phone in LandBank-Ritemed-PLDT's Txtmed scheme
interaksyon.com - 2016-09-20
MANILA - Government employees will now be able to buy medicines and have these delivered to their doorsteps using only their mobile phones. Government-owned Land Bank of the Philippines has partnered with generics medicine brand Ritemed and PLDT's ...

Free Fall Cruise to Spectacle Island on October 1st!
Patch - 2016-09-20
Boarding will begin at the Provincetown II at Bay State Cruise Company ... Trust, Vertex, Mark Wahlberg Youth Foundation, The Yawkey Foundation. Save the Harbor also appreciates funding support from Arbella Insurance Group Charitable Foundation, Blue Hills ...

DPWH awards connector road to MPIC unit
Philstar - 2016-09-20
MANILA, Philippines - The Department of Public Works and Highways (DPWH) has issued the notice of award for the North Luzon Expressway -- South Luzon Expressway (NLEX-SLEX) connector road project to Metro Pacific Investments Corp. (MPIC) unit Metro ...

80% Of Global IT Spend Will Be On Cloud: Oracle
NDTV - 2016-09-20
San Francisco: Oracle Corp has predicted a sharp drop in the traditional IT spending of businesses across the globe over the next decade, making way for cloud services and leaving more room for innovation than hardware and software maintenance. The ...

Manila court orders release of laundered $15M to Bangladesh
Rappler - 2016-09-20
The DOJ recently finished its preliminary investigation into the criminal charges. The respondents - Wong, former Rizal Commercial Banking Corporation branch manager Maia Santos Deguito, and executives of remittance firm Philrem Service Corporation ...

PSEi climbs to 7,600 level
Inquirer - 2016-09-20
GT Capital, SM Prime and PLDT all gained over 3 percent while SMIC, JG Summit and RLC all rose by over 1 percent. ALI, Security Bank, BPI, Megaworld, Metrobank, Globe and AGI also firmed up.

Herbert Colanggo: Convicted crime leader, drug lord, recording artist
Rappler - 2016-09-20
Some reports, however, also identify him as the leader of the Ozamiz robbery gang. The Ampang Colanggo robbery group was tagged as being behind the Rizal Commercial Banking Corporation (RCBC) branch in Cabuyao, Laguna in 2008 which left 10 individuals dead.

Govt awards NLEX-SLEX connector road contract to MPIC
interaksyon.com - 2016-09-20
MANILA - The government has officially awarded the contract to design, finance, build and operate the connector road for the Southern and Northern Luzon Expressways to Pangilinan-led Metro Pacific Investments Corporation. Rodrigo Franco, president of the ...

Govt awards NLEX-SLEX connector road contract to MPIC
interaksyon.com - 2016-09-20
MANILA - The government has officially awarded the contract to design, finance, build and operate the connector road for the Southern and Northern Luzon Expressways to Pangilinan-led Metro Pacific Investments Corporation. Rodrigo Franco, president of the ...

Gas prices up, diesel down
Philstar - 2016-09-20
In separate advisories, Phoenix Petroleum Philippines and PTT Philippines announced a price hike of 30 centavos per liter on gasoline and a price reduction of 10 centavos per liter on diesel effective 6 a.m. UniOil Philippines, on the other hand ...

Highlands Cup stakes golf set, cart for aces
Philstar - 2016-09-20
Baron Travel, Holland Blooms, Pilipinas Shell and Regent Travel are the Gold sponsors while Inquirer Golf is the media sponsor and Charmzone Philippines, Inc., New Golden City Builders and Development Corp., Petron, SMDC and SM Prime as Silver sponsors.

Bayron eyes repeat at WackWack
Philstar - 2016-09-20
The veteran campaigner stunned young ace Miguel Tabuena in a record five-hole playoff to snatch the ICTSI Negros Occidental Classic last July and is expected to figure in the title race in the event organized by Pilipinas Golf Tournaments, Inc. The rest of ...

Bayron seeks ICTSI repeat at Wack Wack
thestandard.com.ph - 2016-09-20
The veteran campaigner stunned young ace Miguel Tabuena in a record five-hole playoff to snatch the ICTSI Negros Occidental Classic last July and is expected to figure in the title race in the event organized by Pilipinas Golf Tournaments, Inc. The rest of ...

3 Fast Facts About New Philweb Chairman Greggy Araneta
ibtimes.ph - 2016-09-20
Atok-Big Wedge Co. Inc. (Atok) Alphaland Corporation (ALPHA) LBC Development Bank (LBC Bank) Asia International Travel Corporation 3. Araneta earned his degree in Economics at the Ateneo de Manila University (ADMU). He also studied at the University of ...

Razon to push ahead with Quezon City casino
thestandard.com.ph - 2016-09-19
"Razon is making a bet that President Duterte will deliver on his promises on infrastructure," said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. in Manila. "Tourism has far more to go if only we have the right infrastructure.

Regulator set to file raps vs RCBC execs
thestandard.com.ph - 2016-09-19
The Anti-Money Laundering Council is preparing to file cases within two weeks against other officials of Rizal Commercial Banking Corp. in connection with the $81-million money laundering from the account of Bank of Bangladesh in Federal Reserve in New ...

Vitarich exits 9-year corporate rehab plan
thestandard.com.ph - 2016-09-19
Poultry and animal feeds producer Vitarich Corp. exited a nine-year corporate rehabilitation, six years ahead of the original plan. Vitarich, a company controlled by the Sarmiento family, said in a disclosure to the stock exchange a Bulacan regional trial ...

Vitarich exits 9-year corporate rehab plan
thestandard.com.ph - 2016-09-19
Poultry and animal feeds producer Vitarich Corp. exited a nine-year corporate rehabilitation, six years ahead of the original plan. Vitarich, a company controlled by the Sarmiento family, said in a disclosure to the stock exchange a Bulacan regional trial ...

More listed firms buy back shares
Philstar - 2016-09-19
In a disclosure to the Philippine Stock Exchange (PSE), food and beverage company RFM Corp ... Vista Land and Lifescapes Inc., likewise, repurchased 36,400 shares at an average price of P5.45 a piece. The property firm budgeted P1.5 billion for its ...

Highlands Cup stakes golf set, cart for aces
m.philstar.com - 2016-09-19
PLDT-SME, Security Bank, SM Stores and Smart Communications making up the Platinum sponsors list. In case no one scores an ace, the Royal Caribbean and Regent Travel prizes will be raffled off, along with a two-night, three-day Bohol vacation for two ...

MPIC bags new expressway
Manila Standard Today - 2016-09-19
The tollway unit of Metro Pacific Investments Corp. said Monday it secured the green light from the Public Works Department to build a P23-billion expressway linking North Luzon Expressway and South Luzon Expressway. MPIC said Metro Pacific Tollways ...

Del Monte expects to sustain profitable results until 2017
Philstar - 2016-09-19
MANILA, Philippines - Del Monte Pacific Ltd. (DMPL) expects to sustain its positive performance for fiscal year 2017, with the growth expected to come from its core business. From a $43.17 million net loss a year ago, DMPL swung to a net profit of $51.5 ...

Araneta takes chairmanship of PhilWeb
Philstar - 2016-09-19
MANILA, Philippines - Businessman Gregorio Ma. Araneta III, chairman and chief executive officer of the Araneta Properties Inc. and the son-in-law of former president Ferdinand Marcos, has been elected chairman of PhilWeb Corp. In a meeting yesterday ...

Araneta named Philweb president
Inquirer - 2016-09-19
He is also the chair and chief executive of publicly listed property developer Araneta Properties, a position he has held since 2010. The new Philweb chair is also chair and president of Gregorio Araneta Inc., Araza Resources Corp., HE Heacocks Resources ...

Razon to push ahead with Quezon City casino
thestandard.com.ph - 2016-09-19
"Razon is making a bet that President Duterte will deliver on his promises on infrastructure," said Jonathan Ravelas, chief market strategist at BDO Unibank Inc. in Manila. "Tourism has far more to go if only we have the right infrastructure.

Market rises; Bloomberry up
thestandard.com.ph - 2016-09-19
Losers outnumbered gainers, 101 to 90, while 47 issues were unchanged. Fourteen of the 20 most active stocks ended in the green, led by casino operator Bloomberry Resorts Corp. which climbed 5.5 percent to P5.36 and chemical producer D&L Industries Inc ...

Panasonic targets budget 4K videographers with the Lumix G85
MSN - 2016-09-19
Like the G7, the G85 has a 3.5mm microphone input, but no headphone output, unfortunately. Panasonic has tried to make its 4K video useful for still photographers, with several 4K Photo modes. The function lets you shoot 4K, 8-megapixel images at 30fps for ...

SEC defers Liberty offer
thestandard.com.ph - 2016-09-19
The Securities and Exchange Commission ordered Vega Telecom Inc. to defer the tender offer for the remaining shares in Liberty Telecoms Holdings Inc., pending submission of additional information on the sale of the telecommunication assets to PLDT Inc. and ...

SEC defers Liberty offer
thestandard.com.ph - 2016-09-19
The Securities and Exchange Commission ordered Vega Telecom Inc. to defer the tender offer for the remaining shares in Liberty Telecoms Holdings Inc., pending submission of additional information on the sale of the telecommunication assets to PLDT Inc. and ...

Construction of P3.5-billion terminal to start in Q4
BusinessMirror. - 2016-09-19
Megawide Construction Corp. Chairman Michael Cosiquien said his company targets to complete the P3.5-billion Southwest Integrated Transport System by 2018. Construction was delayed from its initial April plan due to kinks on government transition.

Diesel price slashed, gasoline price raised
BusinessMirror. - 2016-09-19
In separate advisories, Pilipinas Shell, Flying V, Phoenix Petroleum, PTT Philippines and Total Philippines will reduce diesel price by P0.10 per liter and jack up gasoline prices by P0.30 per liter. There is no movement in the price of kerosene.

Business success and longevity
BusinessMirror. - 2016-09-19
The foundation seeks to encourage and promote education and scientific research through its scholarship programs, focusing on high-school, and college and university students. As devout Catholics, the Wongchuking family has spearheaded assistance programs ...