Ongpin to sell Philweb stake
Inquirer - 2016-09-05
Businessman Roberto V. Ongpin has decided to sell his 53.76-percent stake in gaming technology provider Philweb Corp., after the state-owned Philippine Amusement & Gaming Corp. (Pagcor) rejected proposals to preserve the e-Games network. In a letter to the ...

Palawan farmers installed after 13 years
news.pia.gov.ph - 2016-09-05
6 - It was a day of relief and peace for farmers in an estate in Southern part of Palawan province ... them to the landholdings previously owned by the Agro-Marine Industrial Corporation that was placed under the Comprehensive Agrarian Reform Program ...

SSS launches photo exhibit for 59th anniversary celebration
news.pia.gov.ph - 2016-09-05
6 - The Social Security System (SSS) opened its photo exhibit featuring ... Also in photo are (from left) SSS Senior Vice President (SVP) for Luzon Operations Group Josie G. Magana, SVP for Information Technology Management Group Joel A.

AC Energy makes 1st drawdown for coal-power project in Bataan
BusinessMirror. - 2016-09-05
AC Energy Holdings Inc., the power arm of Ayala Corp., on Monday said GNPower Dinginin Ltd. Co. (GNPD) recently made its first drawdown for a power project ... a limited partnership among AC Energy, the Philippine Investment Alliance for Infrastructure ...

Oil firms announce price rollback for diesel, kerosene
BusinessMirror. - 2016-09-05
This comes after three consecutive weeks of oil-price increases implemented by the oil companies. In separate advisories, Phoenix Petroleum, Seaoil, Eastern Petroleum, PTT Philippines, Total Philippines and Pilipinas Shell said they will implement a P0.50 ...

SC set to tackle Torre de Manila issue today
Manila Bulletin - 2016-09-05
On June 16, 2015, the SC "resolved to issue a TRO effective immediately and until further orders from the Court enjoining respondent DMCI Project Developers, Inc. (DMCI-PDI) from continuing with the construction and development of the Torre de Manila ...

Sustainable development tops the agenda at the Philippine Investment conference
BusinessMirror. - 2016-09-05
Stotz Investment Research. Corporate partners in this conference are Metro Pacific Investments, Jollibee Foods Corp, D&L, and the National Home Mortgage Finance Corp. For inquiries and further details regarding the Philippine Investment Conference 2016 one ...

Will telco deal now push through?
BusinessMirror. - 2016-09-05
The real value of the 700-MHz band acquired by Globe and PLDT/Smart under the NTC-approved buyout deal is its longer range, better indoor penetration and capacity to provide wireless Internet connectivity, especially in the hinterlands. For its part ...

Torre de Manila developers seek SC nod to resume condo work
Philippine Daily Inquirer - 2016-09-05
In 2015, the high court stopped DMCI Project Developer Inc. from proceeding with the construction of the 49-storey condominium following a petition by the Knights of Rizal saying it mars the vista or visual corridors of the Rizal Monument in Luneta.

Ongpin divesting all his shares in Philweb
BusinessMirror. - 2016-09-05
BUSINESSMAN Roberto V. Ongpin said he is divesting his entire holdings in gaming firm Philweb Corp., after his proposals to donate his shares to the state-owned Philippine Amusement and Gaming Corp. (Pagcor) have been either rejected or ignored. Ongpin ...

Philippine nickel-ore exports seen falling 30 percent
BusinessMirror. - 2016-09-05
Volumes are expected to drop at least 20 percent compared with a year earlier, Dante Bravo, president and CEO of Global Ferronickel Holdings Inc., said in an interview. The suspension of mines during an audit initiated by President Duterte means that more ...

ABS-CBN, GMA both claim ratings leadership
Philstar - 2016-09-05
MANILA, Philippines - ABS-CBN Corp. continued to be the most watched television (TV) network nationwide in August, while GMA Network Inc. claimed it remained the most preferred in Urban Luzon in the same month. In a statement, ABS-CBN said it registered a ...

MPIC eyes construction of C-5 South Link by 2017
Philstar - 2016-09-05
MANILA, Philippines - A unit of Metro Pacific Investments Corp. (MPIC) is planning to start the construction of the 7.7-kilometer, six-lane C-5 South Link Expressway, which will connect C-5 road to the Manila-Cavite Toll Expressway (Cavitex) by early next ...

Smart invests P400 M for emergency government broadcast
Philstar - 2016-09-05
This technology will allow us to rapidly send out alert messages without using up network resources," Ramon Isberto, public affairs head at PLDT Inc. and Smart said in a statement yesterday. The CBS technology also enables visitors from overseas to ...

PNP launches mobile app to report crimes, emergencies
Rappler - 2016-09-05
PNP Chief Police Director General Ronald M Dela Rosa; Smart VP for Public Affairs Mon Isberto; and Globe Telecom General Counsel Attorney Vicente Froilan Castelo, signed the joint accord at a symbolic ceremony in Camp Crame. - Rappler.com

Nickel ore shipments from PH seen cut 30%
Manila Bulletin - 2016-09-05
Volumes are expected to drop at least 20 percent compared with a year earlier, Dante Bravo, president and chief executive officer of Global Ferronickel Holdings Inc. said in an interview. The suspension of mines during an audit initiated by new President ...

Ongpin renews auction of his PhilWeb shares
Rappler - 2016-09-05
MANILA, Philippines - Roberto Ongpin has revived his plan to auction his entire 52.76% stake in PhilWeb Corporation, after state-owned Philippine Amusement and Gaming Corporation (Pagcor) rejected or ignored all of his proposals to renew the listed firm ...

Oil firms to cut pump prices Tuesday
interaksyon.com - 2016-09-05
In separate advisories, five oil firms also announced a price cut in kerosene by P0.35 per liter namely Petron, Chevron Philippines Inc. (Caltex), Flying V, SEAOIL Philippines Inc. and Shell. Petron, Caltex, Flying V and SEAOIL will reduce pump prices ...

Vista Land repurchases 500,000 shares in buy-back scheme
Manila Bulletin - 2016-09-05
THESE INCLUDE BRITTANY CORPORATION, CROWN ASIA PROPERTIES, INC., CAMELLA HOMES, INC., COMMUNITIES PHILIPPINES, INC. AND VISTA RESIDENCES, INC. ARE FOCUSED ON RESIDENTIAL PROPERTY DEVELOPMENT WHILE STARMALLS, INC. IS INVOLVED IN COMMERCIAL PROPERTY DEVELOPMENT.

Vista Land repurchases 500,000 shares in buy-back scheme
Manila Bulletin - 2016-09-05
Vista Land told PSE in its disclosure that the outstanding shares after the buy back were at 12,900,977,576 and the treasury shares at 213,158,800. So far, the cumulative number of shares purchased to date by Vista Land was at 213,158,800, the company said ...

Ongpin rekindles auction of Philweb stake
Inquirer - 2016-09-05
BUSINESSMAN Roberto V. Ongpin will again put on the auction block his 53.76 percent stake in Philweb Corp. after the state-owned Philippine Amusement & Gaming Corp. (Pagcor) rejected his proposal to donate the shares to the gaming regulator. In a letter to ...

Isuzu Crosswind is Maynilad's Choice to Improve Operations
carguide.ph - 2016-09-05
This is proven yet again as Maynilad Water Services Inc., a privately owned water delivery, sewerage and sanitation management company, recently received ... of residents in the West Zone of Metro Manila, the new Crosswind XL units are forecast to serve ...

AC Energy makes 1st drawdown for coal-power project in Bataan
BusinessMirror. - 2016-09-04
AC Energy Holdings Inc., the power arm of Ayala Corp., on Monday said GNPower Dinginin Ltd. Co. (GNPD) recently made its first drawdown for a power project in Bataan. GNPD is the joint-venture company of AC Energy, Sithe Global GNPD BV and Power Partners ...

PNoy casts vote for Roxas-Robredo in Tarlac precinct
MSN - 2016-09-04
President Benigno Aquino III on Monday morning cast his vote at the Central Azucarera de Tarlac Elementary School in Hacienda Luisita, Barangay Central, Tarlac. A live feed of Radio-Television Malacanang (RTVM) showed President Aquino shading the ovals of ...

Philippine nickel-ore exports seen falling 30 percent
BusinessMirror. - 2016-09-04
Volumes are expected to drop at least 20 percent compared with a year earlier, Dante Bravo, president and CEO of Global Ferronickel Holdings Inc., said in an interview. The suspension of mines during an audit initiated by President Duterte means that more ...

Galoc fuels Aussie firm's growth
MSN - 2016-09-04
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Foton PH bows to Vietnam
Manila Standard Today - 2016-09-04
PLDT and Price Waterhouse Cooper as sponsors, with Crimson Hotel as official residence and TV5 and SMMTV of Thailand as television partners. Usher delivered 15 kills, had three aces and two blocks for a total of 20 points while Gonzaga had 13 kills and ...

Ongpin divesting all his shares in Philweb
BusinessMirror. - 2016-09-04
BUSINESSMAN Roberto V. Ongpin said he is divesting his entire holdings in gaming firm Philweb Corp., after his proposals to donate his shares to the state-owned Philippine Amusement and Gaming Corp. (Pagcor) have been either rejected or ignored. Ongpin ...

Bombing likely to affect market
thestandard.com.ph - 2016-09-04
Top gainer was Medco Holdings Inc. which surged 51.2 percent to P1 on reports that Tiger Resort, Leisure & Entertainment Inc., the group led by Japanese billionaire Kazuo Okada, would use Medco for its backdoor listing. Other major gainers were Manila ...

Bombing likely to affect market
thestandard.com.ph - 2016-09-04
Other major gainers were Manila Water Co. Inc. which climbed 4.3 percent to P27.90 and San Miguel Purefoods Company Inc. which jumped 4.1 percent to P224. Heavy losers were Petron Corp. which dropped 9.6 percent to P9.92, Philippine Seven Corp. which went ...

Bombing likely to affect market
thestandard.com.ph - 2016-09-04
Top gainer was Medco Holdings Inc. which surged 51.2 percent to P1 on reports that Tiger Resort, Leisure & Entertainment Inc., the group led by Japanese billionaire Kazuo Okada, would use Medco for its backdoor listing. Other major gainers were Manila ...

Bombing likely to affect market
Manila Standard Today - 2016-09-04
Top gainer was Medco Holdings Inc. which surged 51.2 percent to P1 on reports that Tiger Resort, Leisure & Entertainment Inc., the group led by Japanese billionaire Kazuo Okada, would use Medco for its backdoor listing. Other major gainers were Manila ...

The state of corporate governance in the Philippines
Manila Standard Today - 2016-09-04
Business historians and observers alike are quick to recognize that weak governance frameworks have led to the downfall of many corporations around the world, including that of the infamous Uniwide Holdings here in the country. Aside from protecting ...

The state of corporate governance in the Philippines
thestandard.com.ph - 2016-09-04
Business historians and observers alike are quick to recognize that weak governance frameworks have led to the downfall of many corporations around the world, including that of the infamous Uniwide Holdings here in the country. Aside from protecting ...

There (still) is life in mining!
thestandard.com.ph - 2016-09-04
Panelists to the discussion that followed included DENR Undersecretary and concurrent MGB Director Engr. Louie Jacinto, Benguet Corporation and Chamber of Mines President Philip Romualdez, CTP Construction and Mining Corporation President and CEO Clarence ...

There (still) is life in mining!
thestandard.com.ph - 2016-09-04
Panelists to the discussion that followed included DENR Undersecretary and concurrent MGB Director Engr. Louie Jacinto, Benguet Corporation and Chamber of Mines President Philip Romualdez, CTP Construction and Mining Corporation President and CEO Clarence ...

The state of corporate governance in the Philippines
thestandard.com.ph - 2016-09-04
Business historians and observers alike are quick to recognize that weak governance frameworks have led to the downfall of many corporations around the world, including that of the infamous Uniwide Holdings here in the country. Aside from protecting ...

3 local groups eye Chevron geothermal assets
Inquirer - 2016-09-04
Ayala Corp., Lopez-led Energy Development Corp. and Aboitiz Equity Ventures are studying the geothermal assets of Chevron. Chevron has a 40-percent interest in Philippine Geothermal Production Co. Inc. (PGPC), which develops and produces steam energy for ...

Parañaque cop, rob suspect killed at store; arrested cohort slain later
Philippine Daily Inquirer - 2016-09-04
Setting up checkpoint The Parañaque police chief, Senior Supt. Jose Carumba, said Pagaduan went to the 7-Eleven store on Pascor Drive to buy water after his team had set up a checkpoint nearby. The checkpoint was in line with the full-alert status ...

13 top business groups to help build rehab centers
Philstar - 2016-09-04
Inc.; and Ayala Corp. DILG Undersecretary for Operations John Castriciones said the business groups made their commitment during a meeting in Malacañang, which was also attended by DILG officials, early last week. Castriciones said there were initial ...

SSS favors property leases
thestandard.com.ph - 2016-09-04
Filinvest Land Inc. was the sole bidder for the HK Sun Plaza property, which covers a 44,000-square meter warehouse and an adjacent 6,000 sq m vacant lot at the Financial Center Area along Macapagal Avenue and Roxas Boulevard in Pasay City. The minimum ...

Petron likely to hit income target
Philstar - 2016-09-04
MANILA, Philippines - Diversified conglomerate San Miguel Corp. (SMC) is optimistic that its integrated oil company Petron Corp. would be able to hit its net income target this year on the back of strong sales. "For as long as volumes remain, it is ...

Some 26 distressed OFWs from Kuwait repatriated; provided with Assist WELL program
news.pia.gov.ph - 2016-09-04
The said OFWs, who worked as household service workers, arrived Friday morning at the Ninoy Aquino International Airport on board Philippine Airlines flight PR 669. The repatriates ran away from their respective employers due to poor working conditions ...

Huawei shows how the P9 ushers in new wave of phone cameras
Manila Bulletin - 2016-09-04
The Philippines also carries the P9lite, which is an equally powerful P9 smartphone sans the dual-lens camera co-engineered with Leica. This retails at P12,490. Consumers also can avail of these through Globe and Smart Postpaid plans. Metrobank credit ...

Globe to raise capex
Philstar - 2016-09-04
MANILA, Philippines - Globe Telecom Inc. may increase its capital expenditures by around $10 million for the year as it implements projects to provide customers a better internet experience. The Ayala-led telco also announced the completion of the third ...

Mindanao seen as a major transshipment port in Asean
BusinessMirror. - 2016-09-04
The container port, which is adjacent to a 70-hectare export ... It was formerly known as San Vicente Terminal and Brokerage Services Inc., servicing the stevedoring and arrastre requirements of break bulk shipments of fresh produce like bananas and ...

Globe: Upgrade of SJC undersea-cable system now complete
BusinessMirror. - 2016-09-04
THE third network upgrade of the Southeast Asia Japan Cable (SJC) System--an undersea-cable facility where Globe Telecom Inc. is a part of--has been completed, the company said in a statement. TE SubCom Managing Director Debbie Brask was quoted in the ...

DILG: Traders vow support for rehab
Philippine Daily Inquirer - 2016-09-04
Among the businessmen present were Megaworld Corp. president and chief executive officer Andrew Tan, Vista Land and Lifescapes Inc. chair Manuel Villar and Jollibee Food Corp. chief executive officer Ernesto Tanmantiong. Castriciones said the DILG will ...

Globe blocks 300,000 spams/day
Manila Bulletin - 2016-09-04
Globe Telecom has blocked 300,000 spam and scam messages per day, of which a third comes from other networks and the rest from its own, announced Chief Information Security Officer Anton Bonifacio. In February, this year, the telco activated a fully ...

With tighter security, PAL urges passengers to arrive early
Manila Bulletin - 2016-09-04
The Philippine Airlines (PAL) encouraged passengers to arrive hours earlier than their flight schedules to make room for the heightened security measures at the Ninoy Aquino International Airport (NAIA) on Sunday, Sept. 4. PAL noted that passengers taking ...