Beyond war on drugs, business sees Duterte setting up economic boom
interaksyon.com - 2016-08-23
So does Robinsons Retail, taking its total to over 1,500. BDO Unibank Inc., the country's biggest lender, plans to open 50-100 new branches this year. "We are supportive and encouraged by the new administration's socio-economic agenda, which has a holistic ...

Beyond war on drugs, business sees Duterte setting up economic boom
interaksyon.com - 2016-08-23
So does Robinsons Retail, taking its total to over 1,500. BDO Unibank Inc., the country's biggest lender, plans to open 50-100 new branches this year. "We are supportive and encouraged by the new administration's socio-economic agenda, which has a holistic ...

Mining sector wants to amend Mining Act to allow LGUs to get taxes ASAP
interaksyon.com - 2016-08-23
According to Atty. Michael Toledo, senior vice president for public and regulatory affairs of Philex Mining, this will allow local government units and communities to use the benefits they should be getting from the mining firms. Toledo explained the need ...

Bureau of Legal Affairs sheds light on confusing similarity
Lexology - 2016-08-23
San Miguel Brewery Inc and Iconic Beverages Inc, both subsidiaries of San Miguel Corporation, filed an opposition against a trademark application by Fraser and Neave Ltd for the mark ICE MOUNTAIN for non-alcoholic beverages in Class 32. It was alleged that ...

Final push to save jobs, investments
thestandard.com.ph - 2016-08-23
BUSINESSMAN Roberto "Bobby" V. Ongpin is making a final attempt to save 6,000 PhilWeb and e-Games workers who may just lose their jobs, the operators of e-Games cafes numbering 131 entities and their investment of P1.8 billion; and most importantly ...

Centuria aims to put Philippines in the medical tourism map
BusinessMirror. - 2016-08-22
The Philippines is one such country that can cater to all these ... urology, physical therapy, chiropractic treatment, orthopedic, dialysis, podiatry, oncology/cancer treatment and wellness, and complementary medicine. To add even more premium on patient ...

Xurpas seals Fluxion acquisition
MSN - 2016-08-22
LISTED technology firm Xurpas, Inc. has acquired the remaining 35% stake it did not own in Fluxion, Inc. in order to consolidate resources for product development. The board of directors of Xurpas approved the acquisition of the remaining 1,607,800 shares ...

Beyond war on drugs, business sees Duterte setting up economic boom
interaksyon.com - 2016-08-22
Jollibee Foods Corp, the biggest fastfood chain in the country, plans to open 200 more domestic stores this year. So does Robinsons Retail, taking its total to over 1,500. BDO Unibank Inc., the country's biggest lender, plans to open 50-100 new branches ...

Stocks up; Megaworld gains
thestandard.com.ph - 2016-08-22
Megaworld Corp., the largest lessor of office spaces, advanced 3.3 percent to P5.04, while Cebu Air Inc., operator of the biggest budget carrier, rose 2.5 percent to P125. Most Asian markets fell Monday but the dollar rose on bets on a US interest rate ...

Stocks up; Megaworld gains
Manila Standard Today - 2016-08-22
Megaworld Corp., the largest lessor of office spaces, advanced 3.3 percent to P5.04, while Cebu Air Inc., operator of the biggest budget carrier, rose 2.5 percent to P125. Most Asian markets fell Monday but the dollar rose on bets on a US interest rate ...

Aboitiz, EDC power plants undergo maintenance
Manila Standard Today - 2016-08-22
Aboitiz Power Corp. subsidiary Therma South Inc. said a 150-megawatt unit of the 300-MW Davao baseload power plant will undergo a 17-day maintenance outage starting Aug. 22 for preventive maintenance. "This maintenance activity is necessary to review ...

3 Ways to Get Exposure to Philippines Stocks in the U.S. (PHI, EPHE)
Investopedia - 2016-08-22
Equity in PLDT is listed as an ADR on the NYSE. And with a recent acquisition of 50% stake in the San Miguel Corporation telecommunications business, the PLDT is able to improve access to faster internet and data services for the Philippine population.

Stocks up; Megaworld gains
thestandard.com.ph - 2016-08-22
Megaworld Corp., the largest lessor of office spaces, advanced 3.3 percent to P5.04, while Cebu Air Inc., operator of the biggest budget carrier, rose 2.5 percent to P125. Most Asian markets fell Monday but the dollar rose on bets on a US interest rate ...

FCVBA tramples Sarawak in ASEAN caging
Philstar - 2016-08-22
Jose Lao and Eduard Tio combined for 16 markers in a big start by the team in the annual event sponsored by Rain or Shine, Freego Jeans, Iconcon Builders and Philippine Airlines.

Petron files application to sell P40-b fixed bonds
thestandard.com.ph - 2016-08-22
Oil distributor Petron Corp. filed an application with the Securities and Exchange Commission to register and sell P40 billion worth of fixed-rate bonds. "The first tranche of the bonds to be offered has an aggregate principal amount of P15 billion ...

Petron files application to sell P40-b fixed bonds
thestandard.com.ph - 2016-08-22
Oil distributor Petron Corp. filed an application with the Securities and Exchange Commission to register and sell P40 billion worth of fixed-rate bonds. "The first tranche of the bonds to be offered has an aggregate principal amount of P15 billion ...

Globe closes consent solicitation for bond maturing in 2023
BusinessMirror. - 2016-08-22
GLOBE Telecom Inc. has closed its consent solicitation for its bonds maturing through 2023, an exercise used to give the company further flexibility and capacity to secure funding for its capital-expenditure requirements and other business plans and programs.

BackOffice Associates opens its first office in Philippines
BusinessMirror. - 2016-08-22
Since 2011, it has been serving various organizations in the Philippines, including homegrown conglomerates, such as Ayala Land, Meralco and JG Summit, among others. As it beefs up its presence ... solid foundation for business services among the ...

Final push to save jobs, investments
Manila Standard Today - 2016-08-22
BUSINESSMAN Roberto "Bobby" V. Ongpin is making a final attempt to save 6,000 PhilWeb and e-Games workers who may just lose their jobs, the operators of e-Games cafes numbering 131 entities and their investment of P1.8 billion; and most importantly ...

PNB Savings Bank reports P182.7-million net income in H1
BusinessMirror. - 2016-08-22
PNB Savings Bank (PNBSB), the consumer arm of Philippine National Bank (PNB), more than doubled its profitability in the first half of 2016, steered by its housing and auto loans. In a regulatory filing on Monday, the lender reported a net income of P182.7 ...

A new vertical lifestyle experience in QC
Manila Bulletin - 2016-08-22
Ayala Land further realizes its potential by bringing new energy to it through the development of Vertis North. Vertis North, the 30-hectare mixed-use and sustainable estate, features a broad range of facilities, including a hotel establishment ...

A new vertical lifestyle experience in QC
Manila Bulletin - 2016-08-22
Ayala Land further realizes its potential by bringing new energy to it through the development of Vertis North. Vertis North, the 30-hectare mixed-use and sustainable estate, features a broad range of facilities, including a hotel establishment ...

Trading of Liberty Telecoms shares halted in preparation for delisting
BusinessMirror. - 2016-08-22
SHARES of publicly listed Liberty Telecoms Holdings Inc. were temporarily halted for trading on ... wants to delist the listed firm from the Philippine Stock Exchange (PSE). It is, however, required to make a tender offer to all other shareholders of ...

This road project will help solve Metro traffic
BusinessMirror. - 2016-08-22
As a result, we can expect more investors to come in because it would enhance connectivity between international airports and seaports, including the Subic Freeport by way of the Nlex-Subic-Clark-Tarlac Expressway route, the Batangas Port via Slex ...

Benguet Corporation posts P31-M net loss in H1
Philstar - 2016-08-22
MANILA, Philippines - Listed miner Benguet Corp. incurred a net loss of P31 million in the first semester, a reversal of the P400.2 million profit reported in the same period a year ago due to lower mineral prices in the market. In a disclosure to the ...

PERC profit rises nearly seven-fold
Philstar - 2016-08-22
MANILA, Philippines - PetroEnergy Resources Corp. (PERC) saw its net profit balloon nearly seven times in the first semester on the back of higher electricity sales as a result of commercial operations of its solar plant, which more than offset the impact ...

ANTECO lowers power rate
news.pia.gov.ph - 2016-08-22
Ruth Ann Fadrigo, Information Officer, ANTECO said that the reduction in rate was mainly due to lower rate of electricity purchased from the Wholesale Electricity Spot Market (WESM), Panay Energy Development Corporation (PEDC), Salcon Island Power ...

Petron Corp. files for shelf registration of up to PHP40-B worth of retail bonds
Manila Bulletin - 2016-08-22
MANILA -- Oil refining and marketing company Petron Corp. filed Monday an application with the Securities and Exchange Commission (SEC) for shelf registration of up to PHP40 billion worth of peso-denominated fixed-rate retail bond. "The first tranche of ...

Petron Corp. files for shelf registration of up to PHP40-B worth of retail bonds
Manila Bulletin - 2016-08-22
MANILA -- Oil refining and marketing company Petron Corp. filed Monday an application with the Securities and Exchange Commission (SEC) for shelf registration of up to PHP40 billion worth of peso-denominated fixed-rate retail bond. "The first tranche of ...

Metrobank Foundation to sponsor "Digital Journalism" media workshop in Zambo
news.pia.gov.ph - 2016-08-22
sponsored by Metrobank Foundation and PROBE Media Foundation will be ... Carvajal, senior reporter formerly with the Philippine Daily Inquirer will share how powerful stories can contribute to positive change, and how to stay alive to tell the story ...

Agoda presents 3 charming accommodations for Filipinos visiting London
interaksyon.com - 2016-08-22
National flag carrier Philippine Airlines is said to gain more and more passengers from Manila for its non-stop flights to London. To ensure Filipino travelers going to Great Britain are making the most of their holidays, Agoda.com presents some great ...

Negros Oriental
Visayan Daily Star - 2016-08-22
The PLDT-Smart has announced the launching of its free Wi-Fi data service at the Dumaguete-Sibulan Airport on Wednesday, a government press release said. This is in response to President Rodrigo Duterte's call for telecommunication companies to improve ...

Philippines 'not leaving' UN amid Duterte threat
Rappler - 2016-08-22
MANILA, Philippines (3rd UPDATE) - The Philippines on Monday, August 22, said it will not leave the United Nations (UN) despite a threat made by Philippine President Rodrigo Duterte. "We certainly are not leaving the UN," Foreign Secretary Perfecto Yasay ...

Century Communities defends ECC compliance
Manila Bulletin - 2016-08-21
On the risk of losing environmental clearance, Century Communities Corporation, a subsidiary of listed property developer Century Properties Group, Inc. (CPI), has further tightened its grip on its environmental compliance certificates (ECC), saying it has ...

No port fees for passengers to Guimaras
Philippine Daily Inquirer - 2016-08-21
Charitable foundations of the Injap Group and Sia family agreed to subsidize the fees starting Aug. 15, according to DoubleDragon Properties Corp., which is developing the P135-million terminal complex on a 1.3-hectare government land near the port of Iloilo.

Govt shelves MRT buyout plan
thestandard.com.ph - 2016-08-21
Land Bank of the Philippines and the Development ... Metro Rail Transit Holdings Inc., Metro Rail Transit 2 Inc. and Monumento Rail Transit Corp., giving the First Pacific unit an option to acquire 48 percent. It did not exercise the option.

Bethesda's Fastest-Growing Companies: 4 on 2016 Inc. 5000 List (ICYMI)
Patch - 2016-08-21
The top 500 will be included in Inc. Magazine's next issue. And that list will include Green Generation Solutions. The company came in at No. 380 on the list this year, charting more than 1,000 percent growth in the last three years. Three other Bethesda ...

PLDT provides free net access to banks, fintech
Inquirer - 2016-08-21
PLDT said in a statement the platform dubbed Freenet widened its footprint in the industry as it partnered with Bank of the Philippine Islands (BPI) and Rizal Commercial Banking Corp. (RCBC), as well as financial technology (fintech) startups like Lendr ...

Govt shelves MRT buyout plan
Manila Standard Today - 2016-08-21
while creditors of Metro Rail Transit Corp. hold the balance. Metro Pacific Investments Corp. earlier said it submitted a new proposal to Transportation Secretary Arthur Tugade to expand and maintain MRT 3. Metro Pacific first submitted a proposal to the ...

Honor students--like famous dropouts--also excel as successful entrepreneurs
Philstar - 2016-08-21
The new FEU Alabang campus is rising on a 2.2-hectare lot in the Woods District of booming Filinvest City in Alabang, Muntinlupa City. Filinvest City Alabang is a showcase urban development project of the Gotianun family whose leaders like Mercedes Tan ...

Third telco player needs to invest P30b
thestandard.com.ph - 2016-08-21
Cabarios also said the new player should match the investments of PLDT Inc. and Globe Telecom Inc. to catch up with the service of the existing players. Both PLDT and Globe were investing more than P40 billion a year to increase their network capacity in a ...

Solar energy use for homes, businesses get boost in form of financing options
Manila Bulletin - 2016-08-21
Also in the forum are Solaric Philippines, Solar Philippines and Bank of the Philippine Islands. Wilson Lee Flores, owner of the Kamuning Bakery Café, also shared how his decision to use hybrid or partly solar-powered air-conditioning system in the 77 ...

Third telco player needs to invest P30b
thestandard.com.ph - 2016-08-21
Cabarios also said the new player should match the investments of PLDT Inc. and Globe Telecom Inc. to catch up with the service of the existing players. Both PLDT and Globe were investing more than P40 billion a year to increase their network capacity in a ...

Stocks seen moving sideways
Manila Standard Today - 2016-08-21
Top gainers last week were Semirara Mining and Power Corp. which climbed 11.1 percent to P112, LT Group Inc. which gained 8.5 percent to P17.38 and Vista Land & Lifescapes Inc. which advanced 7.6 percent to P6.36. Heavy losers were gaming stocks PhilWeb ...

Hidilyn Diaz: Heart of a champion
BusinessMirror. - 2016-08-21
A house and lot from the private sector will also be awarded to her, courtesy of 8990 Holdings Inc.-Deca Homes. It is only right and appropriate that Diaz be honored for representing the country well. The bonuses serve as an incentive for the future--she ...

Panasonic PHL awards vocational scholarship to Don Bosco students
BusinessMirror. - 2016-08-21
Mandaluyong and Canlubang received their certificates from Panasonic Manufacturing Philippines Corp. (PMPC). He encouraged them to study hard and never waste the opportunity given to them by the Japanese firm. The scholarship program is one of the ...

Batangas Port aims another record cargo volume in 2016
Manila Bulletin - 2016-08-21
Batangas Container Terminal (BCT), operated by listed Asian Terminals ... Ample third-party truckers, duly accredited by the local government units, also offer reliable services at competitive rates. According to BCT, seven freight services call Batangas ...

EDC reaches out to community
Manila Bulletin - 2016-08-21
Lopez-run Energy Development Corporation (EDC) is expanding the capacity of its Southern Negros Geothermal Plant (SNGP) by 60 megawatts, but as a responsible corporate citizen, it has been flexing muscles first to explain and clarify environmental issues ...

DENR to send team to check on Semirara
Manila Bulletin - 2016-08-21
The DENR Central Office issued a show-cause order against Semirara Mining and Power Corp. (SMPC), a subsidiary of DMCI Holdings, Inc. SMPC was asked to explain why its Environment Compliance Certificate (ECC) issued by the EMB should not be cancelled.

PSE-PDEX to give merger plan another try
Manila Bulletin - 2016-08-21
The Securities and Exchange Commission (SEC) is now prepared to accept any application that may come from Philippine Stock Exchange (PSE ... 100 percent of Philippine Dealing System Holdings, Inc., the parent company of PDEX. However, current laws bar ...