Solaire gets tax reprieve from SC
thestandard.com.ph - 2016-09-06
The Supreme Court has ordered the Bureau of Internal Revenue to stop imposing corporate income tax on gaming operations of casinos duly licensed by state-run Philippine Amusement and Gaming Corp. Bloomberry Resorts and Hotels Inc., operator of Solaire ...

ICTSI revives calls for road master plan to decongest traffic
Philstar - 2016-09-06
MANILA, Philippines - Port operator International Container Terminal Services Inc. (ICTSI) is reviving calls for government to develop a road master plan to decongest Manila, this time adding a rail and water transport network to come out with a unified ...

Philippines marks gains in internet metrics
Philstar - 2016-09-06
Based on measurements conducted for the period of Aug.17 to 31 using speed test agents, PLDT Inc. was able to deliver 81 percent of its advertised download speed, while Globe Telecom Inc. delivered 73 percent, Bayantel provided 74 percent and SKY had 72 ...

Fallacies, faulty assumptions
Philstar - 2016-09-06
For instance, the PCC said it found Vega Telecom, Inc. (VTI), an SMC-owned company that was fully acquired by PLDT and Globe, was poised to launch its mobile business under the brand Bell Telecommunications sometime between the second and fourth quarter of ...

MPIC raising P30b to fund roads
thestandard.com.ph - 2016-09-06
The tollway unit of Metro Pacific Investments Corp. said on Tuesday it plans to raise about P30 billion in the fourth quarter of the year to partly finance the construction of two expressway projects in Manila and Cebu. "We are raising funds, in fact we ...

MPIC raising P30b to fund roads
thestandard.com.ph - 2016-09-06
The tollway unit of Metro Pacific Investments Corp. said on Tuesday it plans to raise about P30 billion in the fourth quarter of the year to partly finance the construction of two expressway projects in Manila and Cebu. "We are raising funds, in fact we ...

Samsung recalls Galaxy Note 7 after battery explosions
BusinessMirror. - 2016-09-06
(Local telcos Globe Telecom and Smart Communications issued advisories over the weekend regarding their respective replacement programs for subscribers who availed of their Note 7 offerings--Ed.) He apologized for causing inconvenience and concern to ...

Three new flour mills set to cut PH prices
thestandard.com.ph - 2016-09-06
A third player, Interflour Mill Inc., will soon join the flour milling indsutry in 2017. The Philippine subsidiary is a unit of Interflour Group PTE Ltd. of Singapore. It recently secured almost P1 billion loan from BDO Unibank Inc. Compared with local ...

Phoenix Petroleum sells shipping and industrial park businesses
Manila Bulletin - 2016-09-06
The board of directors of publicly listed Phoenix Petroleum Philippines, Inc. (PNX) had approved the sale of its shipping and industrial park businesses to its parent firm Udenna Group. The assets to be unloaded from its petroleum business fold will be ...

Phoenix Petroleum sells shipping and industrial park businesses
Manila Bulletin - 2016-09-06
The board of directors of publicly listed Phoenix Petroleum Philippines, Inc. (PNX) had approved the sale of its shipping and industrial park businesses to its parent firm Udenna Group. The assets to be unloaded from its petroleum business fold will be ...

Treasury sells P60B in RTBs on 1st day of issuance
Philippine Daily Inquirer - 2016-09-06
Metropolitan Bank and Trust Co., Philippine Bank of Communications, Rizal Commercial Banking Corp., Security Bank Corp., ING Bank, BPI Capital Corp., First Metro Investment Corp., Robinson Bank Corp., and BDO Capital and Investment Corp. The RTBs will be ...

NGCP: Tripping incident shaved off 1,000 MW from Luzon grid
BusinessMirror. - 2016-09-06
These are San Lorenzo 1 and 2, Avion and San Gabriel. These are all gas plants of the Lopez-led First Gen Corp. The utility firm said the MLD schedule would last until 5 p.m. on Tuesday.

Bloomberry wins SC tax case vs BIR
Manila Bulletin - 2016-09-06
The Supreme Court (SC) has granted the certiorari petition of Bloomberry Resorts & Hotels, Inc. (BRHI) against the imposition of corporate income tax by the Bureau of Internal Revenue (BIR) on BRHI as a licensed casino operator of the Philippine Amusement ...

Ayala power unit draws down P5 B to fund Bataan coal plant
Philstar - 2016-09-06
Ayala Corp. disclosed yesterday GNPD has made an initial drawdown under its financing documents to construct the first unit of its supercritical coal-fired power plant in Mariveles, Bataan. GNPD is the joint venture company among Ayala Corp. power unit AC ...

ICTSI offers Subic port to ease Port of Manila congestion
BusinessMirror. - 2016-09-06
THE International Container Terminal Services Inc. (ICTSI), operator of the Manila International Container Terminal (MICT), is renewing its proposal of an infrastructure "master plan" to the Duterte administration to improve the flow of trade in the ...

MPIC expects government award of connector-road project
BusinessMirror. - 2016-09-06
CONGLOMERATE Metro Pacific Investments Corp. (MPIC) said it is expecting the government to award the North Luzon Expressway (Nlex) and South Luzon Expressway (Slex) connector-road project during the week. "We are waiting for the notice of award of the ...

Relaxed urban living in The Veranda
BusinessMirror. - 2016-09-06
URBANITES living in the concrete jungle need a relaxed environment to give them solace and comfort. In response, Ayala Land Inc. subsidiary Alveo Land introduced The Veranda into the market to enable buyers to experience a relaxed urban living in the Arca ...

Phoenix Petroleum exits shipping, industrial parks
Philstar - 2016-09-06
... Phoenix Petroleum Philippines Inc. is divesting from its shipping and industrial park businesses as it decided to focus on its core business of petroleum distribution. In a disclosure to the Philippine Stock Exchange, Phoenix Petroleum said its board ...

Government agencies spend budget better in H1
Philstar - 2016-09-06
The Department of Interior and Local Government had 52.31 percent obligation rate. Meanwhile, the Department of Energy recorded the lowest rate of 11.65 percent. Sought for comment, Emilio Neri Jr., lead economist at Bank of the Philippine Islands ...

Philippine President Says He Regrets Cursing Obama
FORTUNE - 2016-09-06
Duterte had called Obama a "son of a b-" as he warned the American president on Monday to not challenge him over the extrajudicial killings of more than 2,000 suspected drug dealers and users in the Philippines. A reporter had asked the new leader ...

How to raise a well-rounded child
Rappler - 2016-09-06
An example is the Smart Watch from PLDT Home because of its call and text features allowing parents to stay connected to their kids. For a parent, there is no limit to the number of experiences you could expose your child to. All you need to do is expose ...

Bizmen to help construct more drug rehab centers
news.pia.gov.ph - 2016-09-06
The attendees in the meeting in Malacanang were Ronald Elepano, Jr., former vice president of DMCI Holdings, Inc; Ruperto Nicdao Jr., president, Manila Broadcasting Company; Renato Salud, senior vice president, JG Summit Holdings, Inc; Atty. Jason Bayan ...

MPIC unit to start raising P30-B for two big infra projects
Manila Bulletin - 2016-09-06
A Metro Pacific Investments Corp. (MPIC) unit is looking to raise a combined amount of P30 billion starting this year in order to fund two big infrastructure projects-- the P35.42-billion Cavite-Laguna Expressway (CALAX) and P27.9-billion Cebu-Cordova ...

PAL moving out some flights to Clark
interaksyon.com - 2016-09-06
MANILA - Philippine Airlines plans to transfer and mount flights to Clark International Airport to cut costs and expand operations. PAL President Jaime Bautista said the airline is planning to initially move 5 to 10 of its daily flights to Clark ...

PAL moving out some flights to Clark
interaksyon.com - 2016-09-06
MANILA - Philippine Airlines plans to transfer and mount flights to Clark International Airport to cut costs and expand operations. PAL President Jaime Bautista said the airline is planning to initially move 5 to 10 of its daily flights to Clark ...

Kim roars to 3rd Petron kart win in row
Philstar - 2016-09-06
MANILA, Philippines - Jarred Kim posted his third straight victory as he firmed up his lead in the Mini-ROK XCS class of the Petron Tri-Activ ROK Karting Super Series at the Carmona Racetrack in Cavite recently. Kim, the Empire-Red Bull Racing top gun ...

All set to venture in car manufacturing
Manila Bulletin - 2016-09-06
On the fifth year, he became managing director for the Philippines and moved on to become managing ... it is already in the manufacture of automotive electronics through its subsidiary Institute of the Motor Industry (IMI), which has several operations ...

Government sells initial P65 billion retail bonds
Manila Bulletin - 2016-09-06
These include Banco de Oro Unibank, China Banking Corp., Citibank, Development Bank of the Philippines, East West Bank, Land Bank of the Philippines, Metropolitan Bank & Trust Co., and Philippine Bank of Communication. Other selling agents are Rizal ...

Relaxed urban living in The Veranda
BusinessMirror. - 2016-09-05
URBANITES living in the concrete jungle need a relaxed environment to give them solace and comfort. In response, Ayala Land Inc. subsidiary Alveo Land introduced The Veranda into the market to enable buyers to experience a relaxed urban living in the Arca ...

Airbnb's 'most haunted' properties you can stay in
MSN - 2016-09-05
Tariff per night: $435 (£300) Check into this 166-year old Victorian bed and breakfast to find out why the house has a century-old reputation of being a paranormal hot-spot. The countryside property has been the home of several businesses over the years ...

NGCP: Tripping incident shaved off 1,000 MW from Luzon grid
BusinessMirror. - 2016-09-05
These are San Lorenzo 1 and 2, Avion and San Gabriel. These are all gas plants of the Lopez-led First Gen Corp. The utility firm said the MLD schedule would last until 5 p.m. on Tuesday.

ICTSI offers Subic port to ease Port of Manila congestion
BusinessMirror. - 2016-09-05
THE International Container Terminal Services Inc. (ICTSI), operator of the Manila International ... The establishment of a proper logistics network should be looked at outside of Metro Manila, such as in Subic port, where ICTSI operates Terminals 1 ...

Airport security tightened
thestandard.com.ph - 2016-09-05
THE Philippine Airlines management asked passengers to arrive early at the Ninoy Aquino International Airport to give them lead time to go through the heightened security being enforced following the Friday night attack in Davao City where 14 people died ...

Oil prices cut P0.50
Manila Standard Today - 2016-09-05
Pilipinas Shell Petroleum Corp., PTT Philippines, Eastern Petroleum Corp., Flying V, Phoenix Petroleum Philippines, Seaoil Philippines and Unioil Philippines issued separate announcements of the price rollback of P0.50 per liter for diesel and P0.35 per ...

Stocks fall on Davao bombing
thestandard.com.ph - 2016-09-05
Six of the 20 most active stocks ended in the green, led by Vitarich Corp. which rebounded 12.3 percent to P2.47 and Calata Corp. which advanced 9.6 percent to P4. Brokerage firm COL Financial Philippines said it expected the benchmark index to hit the ...

PH nickel ore exports likely to drop 30%, top miner says
thestandard.com.ph - 2016-09-05
Volumes are expected to drop at least 20 percent compared with a year earlier, Dante Bravo, president and chief executive of Global Ferronickel Holdings Inc. said in an interview. The suspension of mines during an audit initiated by new President Rodrigo ...

PH nickel ore exports likely to drop 30%, top miner says
thestandard.com.ph - 2016-09-05
Volumes are expected to drop at least 20 percent compared with a year earlier, Dante Bravo, president and chief executive of Global Ferronickel Holdings Inc. said in an interview. The suspension of mines during an audit initiated by new President Rodrigo ...

Metrobank lends P20b to Globe
thestandard.com.ph - 2016-09-05
Globe Telecom Inc. said on Monday it borrowed P20 billon from Metropolitan Bank and Trust Co. to partly finance the acquisition of the telecommunications assets of San Miguel Corp. Globe, a unit of Ayala Corp., said it signed a 12-year and 15-year P20 ...

Metrobank lends P20b to Globe
thestandard.com.ph - 2016-09-05
Globe Telecom Inc. said on Monday it borrowed P20 billon from Metropolitan Bank and Trust Co. to partly finance the acquisition of the telecommunications assets of San Miguel Corp. Globe, a unit of Ayala Corp., said it signed a 12-year and 15-year P20 ...

Phoenix sells units to parent company
thestandard.com.ph - 2016-09-05
Phoenix acquired the Petroterminals and Industrial Park from Phinma Energy Corp. formerly Trans-Asia Oil and Energy Development Corp. in 2010 for P334 million. Topics: Phoenix Petroleum Philippines Inc., Chelsea Shipping Corp., Phoenix Petroterminals and ...

Free trade, competition -- and danger
thestandard.com.ph - 2016-09-05
This contradicted the TPP requirement that all parties be given equal market access, she noted. While Uy and Villamil were cautious not to discuss the PLDT-Globe buyout of the SMC telecommunications assets thaat the PCC says it will review for anti ...

Airport security tightened
Manila Standard Today - 2016-09-05
THE Philippine Airlines management asked passengers to arrive early at the Ninoy Aquino International Airport to give them lead time to go through the heightened security being enforced following the Friday night attack in Davao City where 14 people died ...

13 taipans to help build rehab centers
thestandard.com.ph - 2016-09-05
The department said its officials have met with taipans Ronald Elepano Jr., former vice president of DMCI Holdings Inc; Ruperto Nicdao Jr., president, Manila Broadcasting Co.; Renato Salud, senior vice president, JG Summit Holdings Inc; Atty. Jason Bayan ...

13 taipans to help build rehab centers
thestandard.com.ph - 2016-09-05
The department said its officials have met with taipans Ronald Elepano Jr., former vice president of DMCI Holdings Inc; Ruperto Nicdao Jr., president, Manila Broadcasting Co.; Renato Salud, senior vice president, JG Summit Holdings Inc; Atty. Jason Bayan ...

Ongpin explores options on PhilWeb divestment
Philstar - 2016-09-05
MANILA, Philippines - Businessman Roberto Ongpin has decided to divest his entire holdings in PhilWeb Corp. in yet another attempt to save the gaming technology company from permanent closure. Ongpin is now in talks with investment bankers on how best to ...

Ayala businesses with a heart
Philstar - 2016-09-05
It envisions to open 10 clinics and 10 hospitals by 2020. Another partnership was made with Globe Telecom and a Mexican partner to develop "Konsulta-MD" which allows members to consult licensed doctors through their mobile and landline phones.

SC to tackle plea vs Torre TRO
Philippine Daily Inquirer - 2016-09-05
THE SUPREME Court is set to tackle today a plea by DMCI Homes Inc. to lift the stay order that has suspended the construction of Torre de Manila condo building since June last year. The plea will be discussed in the regular Tuesday en banc session ...

Stocks fall on Davao bombing
thestandard.com.ph - 2016-09-05
The Philippine Stock Exchange index, the 30-company benchmark, fell 43 points, or 0.6 percent, to close at 7,764.05 Monday. Despite the loss, the bellwether was still up 11.7 percent this year. The broader all-share index also lost 15 points, or 0.3 ...

Stocks fall on Davao bombing
thestandard.com.ph - 2016-09-05
The Philippine Stock Exchange index ... In the pipeline are 14 PPP projects worth P459 billion and five projects for approval by the National Economic and Development Authority. Consumer spending is expected to remain strong on proposed cut in taxes ...

Globe signs P20-B loan with Metrobank
Inquirer - 2016-09-05
Vega, Bow Arken and Brightshare were jointly acquired by PLDT Inc. and Globe last May, with the intention of unlocking valuable but unused telecommunications frequencies controlled by SMC. That included spectrum in the 700 megahertz band, which was good ...