Chinese frustrate Foton bid to advance
Philstar - 2016-09-09
Also advancing to the semifinals of this topnotch continental battle bankrolled by SMM Sport, Nike, Senoh, Asics, Mikasa, Foton, BMW, Rexona, PLDT and Price Waterhouse Cooper with Crimson Hotel as official residences and TV5 and SMMTV of Thailand as ...

State firms speed up spending in Aug
Philstar - 2016-09-09
Once agencies do so, they become obligated and then secure an NCA from DBM. But Emilio Neri Jr., lead economist at Bank of the Philippine Islands, said it is likely that agencies had a lot of NCAs left unencashed during the previous months. "They might ...

First Gen cleared to operate Avion gas-fired plant
Philstar - 2016-09-09
MANILA, Philippines - First Gen Corp. will start commercial operations its 97-megawatt (MW) Avion natural-gas fired power plant in Batangas City after securing a regulatory clearance. In a disclosure to the Philippine Stock Exchange, First Gen said its ...

First Gen cleared to operate Avion gas-fired plant
m.philstar.com - 2016-09-09
MANILA, Philippines - First Gen Corp. will start commercial operations its 97-megawatt (MW) Avion natural-gas fired power plant in Batangas City after securing a regulatory clearance. In a disclosure to the Philippine Stock Exchange, First Gen said its ...

Phoenix buys 21% of 2GO
Inquirer - 2016-09-09
In 2004, WG&A changed its corporate name to Aboitiz Transport System Corp. as a result of the purchase by Aboitiz Equity Ventures Inc. of the Chiongbian and Gothong holdings in WG&A. The company changed its name to the current one in 2012. It adopted the ...

Phoenix buys 21% of 2GO
Inquirer - 2016-09-09
In 2004, WG&A changed its corporate name to Aboitiz Transport System Corp. as a result of the purchase by Aboitiz Equity Ventures Inc. of the Chiongbian and Gothong holdings in WG&A. The company changed its name to the current one in 2012. It adopted the ...

Aboitiz-Marubeni team vying for Chevron assets
Inquirer - 2016-09-09
The Aboitiz group plans to team up with Japanese business house Marubeni to bid for the geothermal assets of American energy giant Chevron Corp. in the Philippines and Indonesia, a deal that can give the local group greater regional footprint. Luis Miguel ...

2 solons slapped with suspension
thestandard.com.ph - 2016-09-09
Villafuerte, the son of former Camarines Sur governor Luis Villafuerte, was charged with graft for the procurement of fuel products amounting to P20 million, which was awarded to Jeffrey Lo, owner of the Naga Fuel Express Zone-Petron Naga Fuel Express ...

Market drops; Megawide up
thestandard.com.ph - 2016-09-09
The Philippine Stock Exchange index, the 30-company benchmark ... led by food exporter Alliance Select Foods International Inc. which surged 50 percent to P1.35. The company earlier said the syndicated estafa and falsification of public documents charges ...

For better and faster Internet services
Manila Bulletin - 2016-09-09
With the Court of Appeals decision stopping the Philippine Competition Commission (PCC) review of the P70-billion sale by San Miguel Corp. (SMC) of its telco assets to the Philippine Long Distance Telephone Co. (PLDT) and Globe Telecom, we expect major ...

LRWC ordered to close 53 e-games, bingo outlets
Philstar - 2016-09-09
MANILA, Philippines - The Philippine Amusement and Gaming Corp. has directed Leisure & Resorts World Corp. to immediately close down 53 of its electronic gaming and bingo outlets for failure to comply with the distance restriction guidelines. This makes ...

Market drops; Megawide up
thestandard.com.ph - 2016-09-09
Megawide Construction Corp., a builder and airport operator, climbed 9.9 percent to P15.80, while Security Bank Corp. rose 7.6 percent to P248. Jollibee Foods Corp. fell 4.5 percent to P236, while PLDT Inc. lost 3.7 percent to P1,800. The American Chamber ...

Fluency in 21st-century competencies
Inquirer Opinion - 2016-09-09
Just consider the work of the Philippine Business for Education (PBEd), Edukasyon.ph and Metrobank Foundation, to name a few. More recently, major industry groups--like the Healthcare Information Management Association of the Philippines, Contact Center ...

Mining stakeholders optimistic on audit results
Philstar - 2016-09-09
absence of social acceptability from communities and even some local government units," he said. Meanwhile, UP National Institute of Geological Sciences director Carlo Arcilla urged Lopez to follow the law in applying justice, especially in sparing the ...

SM, Ayala to end feud over common station
BusinessMirror. - 2016-09-09
In his bill, Alvarez, citing the Japan International Cooperation Agency (Jica), said the Philippines loses P2.4 billion per ... resulting from balanced integration of traffic education, engineering and enforcement of services. The bill said the President ...

Del Monte H1 sales slightly fell by 3% to $465.5 million
BusinessMirror. - 2016-09-09
THE Campos-led Del Monte Pacific Ltd. said sales fell 3 percent during its fiscal first half of the year on weak sales of its US unit, but the company said it will be profitable by the end of its fiscal year. The company said its fiscal first-quarter sales ...

BOI, Nedo ink pact for pilot use of e-vehicles in Manila
BusinessMirror. - 2016-09-09
Electric jeepneys are now plying regular routes in various areas, such as Makati City, Filinvest City in Alabang, Bonifacio Global City, Las Piñas, Iloilo, Bacolod and Muntinlupa, and in university campuses, like La Salle and Ateneo. Likewise, e-trikes ...

Phinma to double capacity to 1,000 MW in 10 years
BusinessMirror. - 2016-09-09
PHINMA Energy Corp., formerly Trans-Asia Oil and Energy Development Corp., is looking at doubling its power-generating capacity to 1,000 megawatts in the next 10 years. "In the next 10 years, our capacity will double," said Phinma Energy President ...

Common railway station agreement signed Sept. 28
Manila Bulletin - 2016-09-09
The signatories will include Ayala Corp. Chairman Jaime Zobel De Ayala, business tycoon Manny V. Pangilinan, San Miguel Corp. President Ramon Ang, and SM Investment Corporation Vice Chair Teresita Sy-Coson, the eldest daughter of SM magnate Henry Sy.

Del Monte posts lower loss in Q1
Manila Bulletin - 2016-09-09
In a disclosure to the Philippine Stock Exchange, DMPL said that ... Its US subsidiary, Del Monte Foods, Inc. (DMFI), which accounted for 75 percent of Group sales, generated revenue of $350.9 million, 6 percent lower than prior year quarter due to ...

BOI, Japan sign deal on P550-million e-vehicles demo project
Manila Bulletin - 2016-09-09
Electric jeepneys are now roving in various areas such as Makati, Filinvest City in Alabang, Bonifacio Global City, Las Piñas, Iloilo, Bacolod, Muntinlupa and in university campuses like La Salle and Ateneo. Likewise, e-trikes are now adopted not only ...

Alvarez grills DOTr officials: Country or self?
Philippine Daily Inquirer - 2016-09-09
Kintanar served as Assistant Vice President and Executive Director of Ayala Corp before he was appointed undersecretary ... get appointed in government to serve the interests of the corporation. These officials also go back to private practice in the ...

Villar Group expanding All Day stores
Philstar - 2016-09-09
Rosa, Laguna, Philippines - The Villar Group, through its retail arm All Value Holdings Corp., is investing an additional ... This followed the opening of the first two stores in Vista Mall in Taguig and Starmall Edsa-Shaw. In an interview during ...

WATCH | Dissatisfied with DOTr work, Speaker grills Usecs on whose interests they are serving
interaksyon.com - 2016-09-09
He was former managing director of Ayala Corp. Singson was the Public Works and Highways Secretary during the Aquino administration. Prior to this he was the president and chief executive officer of Maynilad Water Services, Inc. Cesar Purisima was ...

WATCH | Dissatisfied with DOTr work, Speaker grills Usecs on whose interests they are serving
interaksyon.com - 2016-09-09
Almendras briefly served as Secretary of the Department of Foreign Affairs and Secretary to the Cabinet during the term of President Benigno Aquino III. He was former managing director of Ayala Corp. Singson was the Public Works and Highways Secretary ...

PhilConstruct Mindanao 2016 kicks off in Davao City
Inquirer - 2016-09-09
Holcim Phils., Jinyl Import and Export Trading Co., International Elevator and Equipment Inc., Panasonic, Republic Cement, Isuzu, A-Plus All Weather, Bestank, Bosch, Daikin, Civic Merchandising, Tosot Philippines, Tamsons Enterprises Inc., Hilti Phlippines ...

CamSur Rep. Villafuerte suspended by Sandiganbayan
interaksyon.com - 2016-09-09
for 90 days." Villafuerte, according to the court, was charged for "conniving and confederating with Jeffrey Lo, a private individual and proprietor of Naga Fuel Express Zone/Petron Naga Fuel Express, and criminally causing the issuance and approval of a ...

MGB-CAR believes all Benguet mines pass DENR audit
news.pia.gov.ph - 2016-09-09
... the audit on the three large mining companies in Benguet namely Philex Mining Corporation - Padcal operations in Tuba, the Benguet Corporation in Itogon and the Lepanto Consolidated Mining Corporation in Mankayan. "We are hoping that they will ...

Bureau of Treasury invites public to invest in retail treasury bonds
news.pia.gov.ph - 2016-09-09
The approved selling agents of RTBs are Banco De Oro Universal Bank, BDO Capital, BPI Capital, China Banking Corporation, CitiBank N.A., DBP, EastWest Banking, FMIC, ING Bank, Land Bank of the Philippines, Metrobank, PBCom, RCBC, Robinsons Bank Corporation ...

CamSur Rep. Villafuerte suspended for 90 days over graft case
Philippine Daily Inquirer - 2016-09-09
Villafuerte, the son of the political clan patriarch Luis Villafuerte, was charged with graft for the anomalous procurement of petroleum products worth P20 million that was awarded to Jeffrey Lo, proprietor of the Naga Fuel Express Zone/Petron Naga Fuel ...

Why Carmona will be the next PH football Mecca
Rappler - 2016-09-09
MANILA, Philippines - "This has really been a dream for all of us," says Eduardo Ramirez de Arellano, the Vice President for Marketing of the Manila Jockey Club. He intones those words as we stand on the artificial turf field being laid out a stone's ...

VP Robredo honors outstanding Filipinos as 'modern day heroes'
Rappler - 2016-09-09
MANILA, Philippines - Vice President Leni Robredo on Monday, September 5 honored the awardees of the 2016 Metrobank Foundation Outstanding Filipinos by thanking the 30 teachers, soldiers, and police officers for their selfless service and inspirational ...

Tugade eyes award of Mindanao railway system by end 2017
Philippine Daily Inquirer - 2016-09-09
Transportation Secretary Arthur Tugade on Friday said the department is eyeing to award the contract for the 2,000-kilometer Mindanao railway project before the end of 2017. During the appropriations committee hearing over the proposed P55.478-billion ...

Mayor eyes Talisay as IT center
Visayan Daily Star - 2016-09-09
Mayor Neil Lizares III is working on making Talisay City the IT center of Negros Occidental ... Construction of a new city health office and hall of justice are also underway, through counterparting funds from the local and the national government ...

Tugade: MRT-LRT common station agreement to be signed Sept. 28
Philippine Daily Inquirer - 2016-09-09
The SM Prime Holdings, the complainant, took to the Supreme Court to oppose the transfer of the common station for violating a 2009 memorandum of agreement with LRT-A that the common station should be constructed in front of the SM North Edsa. The common ...

Stakeholders agree on common metro light rail station concept
interaksyon.com - 2016-09-09
Tugade did not specify the station's exact location, but earlier reports said that it could be in between the SM North EDSA and Trinoma shopping malls, operated by SM Prime Holdings Inc. and Ayala Land Inc., respectively. SM North EDSA is controlled by the ...

Baguio TKD jins shine in Taiwan
baguiomidlandcourier.com.ph - 2016-09-09
TKD jins from Bravehearts Martial Arts Institute and GB Sports Taekwondo Club merged to represent Baguio in the event that drew over 2,000 participants from Taiwan, China, Hong Kong, Korea, Malaysia, Singapore, and the Philippines. The double gold ...

Pagcor shuts LRWC e-gaming sites
Manila Bulletin - 2016-09-09
Leisure & Resorts World Corporation (LRWC) reported that it stands to forego P533 million in revenues after operations of two of its wholly-owned gaming subsidiaries were stopped by the Philippine Amusement and Gaming Corporation (Pagcor). In a disclosure ...

PHINMA Energy to double capacity in 10 years
Manila Bulletin - 2016-09-09
Iloilo City - PHINMA Energy seeks to double its capacity to 1,000 megawatts in the next 10 years. According to PHINMA Energy President Francisco L. Viray, they would have to slow down their expansion pace a bit because of overcapacity forecast in the ...

PHINMA Energy to double capacity in 10 years
Manila Bulletin - 2016-09-09
Iloilo City - PHINMA Energy seeks to double its capacity to 1,000 megawatts in the next 10 years. According to PHINMA Energy President Francisco L. Viray, they would have to slow down their expansion pace a bit because of overcapacity forecast in the ...

SM, Ayala to end feud over common station
BusinessMirror. - 2016-09-08
Pangilinan and [SM Investment Corp. Vice Chairman Teresita] Sy-Coson ... "Also, the National Economic and Development Authority (Neda) concluded that without the necessary intervention by the authorities, traffic costs will likely increase to P6 billion ...

Del Monte H1 sales slightly fell by 3% to $465.5 million
BusinessMirror. - 2016-09-08
THE Campos-led Del Monte Pacific Ltd. said sales fell 3 percent during its fiscal first half of the year on weak sales of its US unit, but the company said it will be profitable by the end of its fiscal year. The company said its fiscal first-quarter sales ...

BOI, Nedo ink pact for pilot use of e-vehicles in Manila
BusinessMirror. - 2016-09-08
Electric jeepneys are now plying regular routes in various areas, such as Makati City, Filinvest City in Alabang, Bonifacio Global City, Las Piñas, Iloilo, Bacolod and Muntinlupa, and in university campuses, like La Salle and Ateneo. Likewise, e-trikes ...

MGB-CAR believes all Benguet mines pass DENR audit
news.pia.gov.ph - 2016-09-08
... the audit on the three large mining companies in Benguet namely Philex Mining Corporation - Padcal operations in Tuba, the Benguet Corporation in Itogon and the Lepanto Consolidated Mining Corporation in Mankayan. "We are hoping that they will ...

Phinma to double capacity to 1,000 MW in 10 years
BusinessMirror. - 2016-09-08
PHINMA Energy Corp., formerly Trans-Asia Oil and Energy Development Corp., is looking at doubling its power-generating capacity to 1,000 megawatts in the next 10 years. "In the next 10 years, our capacity will double," said Phinma Energy President ...

Arthaland raising P3b from sale of shares
thestandard.com.ph - 2016-09-08
Boutique property developer Arthaland Corp. plans to raise P3 billion from a follow-on offering of 30 million preferred shares priced at P100 apiece. Arthaland, a listed company controlled by the Po family, said in a disclosure to the stock exchange its ...

Benguet bullish on mining audit
thestandard.com.ph - 2016-09-08
Benguet Corp., the parent company of Benguetcorp Nickel Mines Inc., said it is optimistic the audit findings ... of Fisheries and Aquatic Resources Region 3 in October 2015 revealed water parameters remain within safe optimum levels to allow fish and ...

DC impact: Cherthala school in dock, says AEO
Deccan Chronicle - 2016-09-08
ALAPPUZHA: The sale of lucky draw coupons worth Rs 50 each by the Government Girls Higher Secondary School, Cherthala, was in violation of rules. Moreover, sending the girl students to nearby houses for selling the coupons was a grave offence, according to ...

Market rebounds; Megawide climbs
thestandard.com.ph - 2016-09-08
Advancers led losers, 94 to 85, while 50 issues were unchanged. Fifteen of the 20 most active stocks ended in the green, led by builder Megawide Construction Corp. which climbed 4.2 percent to P14.38 and PLDT Inc. which gained 3.2 percent to P1,869.

Petron pegs interest rates for P20-B bonds
Philstar - 2016-09-08
MANILA, Philippines - Petron Corp. is looking at setting interest rates at up to 4.2 percent for its five-year fixed-rate bonds and up to 4.77 percent for its seven-year bonds. The company will be offering as much as P20 billion in fixed rates bonds ...