Real-estate market upbeat under Duterte
BusinessMirror. - 2016-08-09
It is noted that Duterte recently bared his plan to build more economic zones outside of Metro Manila, which might lead to provision of more incentives from agencies, like the Philippine Economic Zone Authority (Peza), Tourism Infrastructure and Enterprise ...

Ayala Land reported 16% hike in H1 profit
BusinessMirror. - 2016-08-09
Atria Park District in Iloilo City and Capitol Central in Bacolod City, among others. In addition to the roster, it launched in the first half of the year the 17.5-hectare Gatewalk Central in Mandaue City. Apart from a range of residential, office and ...

Planbank celebrates 64th anniversary
BusinessMirror. - 2016-08-09
Planbank, formerly known as the Rural Bank of Canlubang Planters Inc., celebrates its 64th anniversary on Wednesday with a Thanksgiving Mass at the main office on National Highway, Barangay Halang, Calamba City, Laguna. Formerly a family-owned bank ...

P1B heist fine unlikely to weaken RCBC's financial profile - Fitch
Rappler - 2016-08-09
MANILA, Philippines - The P1-billion penalty imposed on Rizal Commercial Banking Corporation (RCBC) for being a channel in the Bangladesh Bank heist is unlikely to weaken the bank's financial profile, said US-based rating agency Fitch Ratings.

ICEBREAKER | Former president Ramos off to Hong Kong to 'rekindle' ties with China
interaksyon.com - 2016-08-09
They left Manila at 2:30 p.m. Monday on board Philippines Airlines (PAL) flight PR306. Ties between Manila and Beijing have cooled especially since a UN-backed tribunal handed the Philippines a sweeping victory last month when it ruled that China's claims ...

GT Capital profit surges 62%
Philstar - 2016-08-09
Net earnings surged to P9.1 billion, boosted by a P2.9-billion gain on the sale of Global Business Power Corp. to Metro Pacific Investments Corp. (MPIC). Revenues grew 40 percent to P102.4 billion. GT Capital president Carmelo Maria Bautista said the ...

MaxLinear Announces Next Generation Multi-Gigabit MoCA 2.5 Single-Chip Home Networking Solution
www.thestreet.com - 2016-08-09
MaxLinear Inc. (NYSE: MXL), a leading provider of radio frequency (RF) and mixed-signal integrated circuits for cable and satellite broadband communications, the connected home, data center, metro, long-haul fiber networks...

With PAGCOR not renewing its license, what happens to Philweb?
interaksyon.com - 2016-08-09
MANILA - Even though its high-profile chairman Roberto V. Ongpin resigned abruptly last week to save the company from being collateral damage in a declared crackdown on "oligarchs" where he was singled out, Philweb's fate hangs in limbo. This, after the ...

Tech innovation hub launched by DTI, IdeaSpace
interaksyon.com - 2016-08-09
IdeaSpace is the incubator and accelerator arm of PLDT. "As a strong supporter of the startup ecosystem in this country since we launched IdeaSpace a few years back, we are glad that many other players have emerged to help build and grow such startups ...

PLDT to complete 3 ICT projects in Davao
Rappler - 2016-08-09
MANILA, Philippines - By September, PLDT Incorporated will complete 3 major information and communications technology (ICT) projects in Davao City seen to improve the region's digital infrastructure and support its economic growth. These 3 major ICT ...

Jollibee opens its first store in Illinois, USA
Inquirer - 2016-08-09
Vice President and General Manager for Jollibee Foods Corporation North America. Many people expressed their excitement over the opening of Jollibee Skokie, even traveling from as far as Canada just to get a taste of Jollibee. As described by Skokie Mayor ...

Petron earns P5.3B in first half, up 55%
Manila Bulletin - 2016-08-09
Surging sales volume had propelled the 55-percent climb in the consolidated net income of leading oil player Petron Corporation in the first half to P5.3 billion from the year-ago level of P3.4 billion. The listed oil firm said its brisk sales from January ...

DENR audits both large and small miners
interaksyon.com - 2016-08-09
Not only mining areas but ECC permits ... must "face the consequences of breaking the law." Large-scale miners such as Lepanto, Philex, Atlas Consolidated, Oceanagold and Filminera are also being audited, with more than 10 teams assigned especially ...

ET Young Leaders 2016: 'Combine confidence with patience', India Inc CEOs' advice to next gen leaders
Economic Times - 2016-08-09
Five top CEOs of India Inc had a free flowing discussion with 50 ET Young Leaders ... That's the attribute of a leader -- where he or she goes out to sponsor the next generation actively as opposed to passively giving advice. MEHTA: Some of the traits ...

Under Armour expands reach in PH by opening Trinoma branch
Inquirerer Sports - 2016-08-09
Meanwhile, Cruz rose to prominence in the collegiate ranks when he steered the University of Santo Tomas Growling Tigers to the UAAP Promised Land in 2006. Proving that skill could topple height, Cruz managed to elevate his on-court stature as a legitimate ...

Philippine Airlines Provides Connectivity Via myPAL Roam
carguide.ph - 2016-08-09
PAL recently launched a new service innovation called the myPAL Roam - a global mobile hotspot that provides easy, fast, secure and affordable mobile data anywhere in the world. This newest offering by the flag carrier is made possible through its ...

Metrobank, Probe Media hold journalism lectures, media training in Bicol
news.pia.gov.ph - 2016-08-08
The lecture entitled 8th Metrobank Foundation Lecture Series in Journalism was ... Sharing their knowledge and experiences are Philippine Daily Inquirer former senior reporter Nancy Carvajal, GMA Netwrok vice president and anchor Howie Severino and Rappler ...

Pure Foods nets P2.5b
thestandard.com.ph - 2016-08-08
San Miguel Pure Foods Company Inc., the food manufacturing unit of conglomerate San Miguel Corp., said Monday net income rose 37 percent in the first half to P2.5 billion from a year ago, driven by branded value-added and agro-industrial businesses.

One crappy internet
thestandard.com.ph - 2016-08-08
Toward the end of May, the Philippine Long Distance Telephone Co. (PLDT) and Globe Telecom announced that they would buy the telecommunication assets of San Miguel Corp. for P70 billion. The crown jewels of the purchase is the right to use the 700 ...

Pure Foods profit up in H1
Inquirer - 2016-08-08
San Miguel Pure Foods Co. Inc. chalked up a 37-percent growth in six-month net profit to P2.5 billion as election spending boosted sales. The first semester performance was driven by its branded value-added and agro-industrial businesses, Purefoods told ...

Pangilinan steps down; Panlilio voted cage chief
thestandard.com.ph - 2016-08-08
AL Panlilio, a top executive of the Manila Electric Company, said he will have big shoes to fill in after he was formally elected Monday as the new president of the Samahang Basketbol ng Pilipinas. In succeeding former SBP chief Manny V. Pangilinan ...

SBMA seeks free Wi-fi in Subic CBD
thestandard.com.ph - 2016-08-08
SBMA Chairman Roberto Garcia said they are discussing with local Internet provider PLDT-Subictel the possibility of putting up free Wi-fi connection for the whole Central Business District (CBD) in the Subic Bay Freeport, an area most frequented by ...

GMA Network more than doubles earnings
Philstar - 2016-08-08
MANILA, Philippines - Net earnings of GMA Network Inc. surged 116 percent in the first semester from a year ago, as election-related earnings boosted revenues for the period. For the January to June period, net income of GMA reached P2.38 billion ...

GT Capital, SBC hike profits
thestandard.com.ph - 2016-08-08
GT Capital Holdings Inc., the listed holding company of billionaire George Ty, reported a 62-percent increase in first half net income to P9.1 billion, boosted by stronger revenues from automotive and real estate units, as well as a one-time gain from the ...

Rich tax cheats next name-and-shame targets
Philippine Daily Inquirer - 2016-08-08
The President said he was comfortable with Philippine Airlines and Cebu Pacific, noting that it has been a long while since any of their aircraft crashed. He also said he had been riding a small jet and paying for its gasoline and operational costs.

Govt suspends transport permit of lone iron ore mining company
thestandard.com.ph - 2016-08-08
Jasareno said the government was currently auditing the mining operations of Philex Mining Corp., Lepanto Consolidated Mining Company, Atlas Consolidated Mining and Ocenagold Philippines. "We have to clarify that the findings of the audit team will not ...

Stocks up; Cebu Air advances
thestandard.com.ph - 2016-08-08
The Philippine Stock Exchange Index gained 23.23 points, or 0.3 percent, to 7,993.58 on a value turnover of nearly P7 billion. Losers, however, beat gainers, 100 to 90, 53 issues unchanged. Cebu Air Inc., the airline unit of industrialist John Gokongwei ...

GMA Network's net income shoots up by 116%
Rappler - 2016-08-08
Second, we need to know with what telco are we going to partner with," Gozon explained. He said both Globe Telecom Incorporated and PLDT Incorporated "would want exclusivity with us." "The issue is very hard to craft. If those two things are resolved ...

Aboitiz $100-M treasury share sale oversubscribed
Manila Bulletin - 2016-08-08
Aboitiz Equity Ventures ... decided to be prudent and prepare the company for further growth." For 2016, AEV has allotted P58.4 billion in capital expenditures, a bulk of which (P52 billion) is earmarked for power expansion projects under AboitizPower.

Iron ore producer gets DENR ax; all small miners face suspension
Manila Bulletin - 2016-08-08
Jasareno said MGB is now auditing big mining players like Lepanto Consolidated Mining Co., Philex Mining Corp., OceanaGold Corp., Philmineral Group Limited Co., and Atlas Consolidated Mining and Development Corp. "The audit on Oceana Gold may be ...

Upscale intimate community nurtures bonds among neighbors
Manila Bulletin - 2016-08-08
Over four decades since the establishment of gated subdivisions from 50 to over 100 hectares in the suburbs of Metro Manila, urban planning studies reveal that smaller, more intimate communities are more likely over the long-term to become well-managed ...

Security Bank reports 4% H1 profit growth at P4.9 billion
Manila Bulletin - 2016-08-08
Security Bank Corporation reported that its earnings inched up four percent to P4.9 billion in the first half of 2016, driven by a 28 percent growth in net interest income equivalent to a P1.6 billion increase. In a disclosure to the Philippine Stock ...

Duterte wants to turn presidential plane into 'air ambulance'
Rappler - 2016-08-08
"Total, ako komportable na ako sa PAL (Philippine Airlines) at Cebu Pacific...Okay na siguro eroplano niyan. I'll just ride commercial flights. Sometimes I use jet, small ones. Kung may gasoline, I'll just pay 'yung gasoline pati operational cost," he said.

MRSGI 1H net income up 24% to P262M this year
The Daily Tribune - 2016-08-08
MRSGI has also entered into a partnership with Ayala Land for the establishment of its stores in four new Ayala commercial developments -- a department store and supermarket in Bacolod City, Negros Occidental; a supermarket in Iloilo City; a supermarket ...

GT Capital income rose 62% following sale of power assets
BusinessMirror. - 2016-08-08
GT Capital Holdings Inc. said on Monday its net income grew 62 percent during the first half of the year to P9.1 billion, from P5.6 billion last year, mainly as a result of the sale of a controlling stake in its power assets to Metro Pacific Investments ...

PhilWeb warns layoffs, investor flight if company shuts down
BusinessMirror. - 2016-08-08
PhilWeb Corp. on Monday said its Chairman Roberto Ongpin resigned in order to save the gambling firm, as the company warns layoffs and may cause serious foreign-investor concern if it shuts down its operation. "The main reason Ongpin resigned from ...

SMC opens 2,000-hectare industrial estate in Davao Occidental
Philippine Daily Inquirer - 2016-08-08
DIGOS CITY, Davao del Sur -- San Miguel Corporation on Monday opened up its 2,000-hectare industrial estate in Malita, Davao Occidental, to potential investors and locators. "San Miguel Corp. is inviting potential investors to locate their facilities ...

JV confident of positive outcome in graft case
MSN - 2016-08-08
Sen. Joseph Victor Ejercito remains optimistic that he will be able to prove his innocence regarding the graft case filed against him in connection with the allegedly anomalous purchase of firearms in 2008. Ejercito, who showed up at his hearing at the ...

Award-winning sandpaper artist Florentino creates threads of stories
Inquirer Lifestyle - 2016-08-08
Alvin Florentino, 2013 grand prize winner for painting of the Metrobank Art and Design Excellence (MADE) awards, is holding his first solo exhibit, "Narrative Threads," at Galerie Francesca. Everything has to be balanced," he says. "Not too much ...

LRT1 fare hike delayed as gov't seeks 'win-win solution'
Rappler - 2016-08-08
This is the response of Transportation Spokesperson Cherie Mercado to reports that the Light Rail Manila Consortium (LRMC) - led by Metro Pacific Investments Corporation (MPIC) and Ayala Corporation - could implement another 10% rate hike, as only "90% ...

Better connectivity now at Iloilo Airport
news.pia.gov.ph - 2016-08-08
ILOILO CITY, Aug. 9(PIA)--The Iloilo Airport now promises better digital connectivity for travelers with the upgrade provided by PLDT and Smart Communications, a wireless subsidiary. A press release from Smart said that this firing up of Smart Wifi will ...

Meralco: Lower Rates this month due to generation charge
Manila Bulletin - 2016-08-08
The Manila Electric Company (Meralco) announced August 8, 2016 an P0.11/kWh decrease per kilo watt hour (kWh) for its electricity rates this month compared to July. According to Meralco, the decrease was due to lower generation charge. Here is a chart ...

Meralco: Lower Rates this month due to generation charge.
Manila Bulletin - 2016-08-08
The Manila Electric Company (Meralco) announced August 8, 2016 an P0.11/kWh decrease per kilo watt hour (kWh) for its electricity rates this month compared to July. According to Meralco, the decrease was due to lower generation charge. Here is a chart ...

FVR flies to HK for 'icebreaker' talks with China contacts
Rappler - 2016-08-08
Ramos took Philippine Airlines flight PR306 to Hong Kong that departed around 2:30 pm on Monday. He was accompanied by his wife Former First Lady Amelita Ramos; former Interior Secretary Rafael Alunan III; former ABC Network Beijing Manager Chito Sta ...

PhilWeb seeks clarification from PAGCOR, as operations in limbo
interaksyon.com - 2016-08-08
MANILA - PhilWeb Corporation (WEB) said Monday it has written to PAGCOR Chairperson Andrea Domingo requesting for a meeting to clarify the situation regarding PhilWeb, the apparent target of President Rodrigo Duterte's declared war on online gaming.

GT Capital nets P9.1B
Inquirer - 2016-08-08
TY family-led GT Capital Holdings Inc. grew its first semester net profit by 62-percent year-on-year to P9.1 billion on higher earnings from its automotive, real estate and bancassurance businesses. Excluding one-time gain from the sale of its 56 percent ...

THE BIG CHILL | Who decides who are the oligarchs to be destroyed? Business on edge
interaksyon.com - 2016-08-08
MANILA - From drug pushers, to miners, President Rodrigo Duterte is also training his sights on oligarchs, and singled out Wednesday former trade minister and Philweb Corporation chairman Roberto Ongpin as an oligarch he wants to destroy. A day after the ...

SM Prime plans to raise US$1B via REIT
interaksyon.com - 2016-08-08
... on Philippine economy as a whole because there will be more investors coming in. Foreign investors are investing in REIT," Sio said in a press briefing. The Philippine Stock Exchange (PSE) earlier said it would push for amendments to the REIT law.

San Miguel telco buyout creates 'more barriers' to entry - experts
Rappler - 2016-08-08
MANILA, Philippines - The P69.1-billion deal to buy out the telecommunications business of San Miguel Corporation (SMC) created "more barriers" to the entry of more players in the country, said consumer welfare and public interest groups. In a forum ...

Century Spire impresses affluent market in Asia
Manila Bulletin - 2016-08-07
The arrival of Century Spire in 2014, as the first luxury mixed-use tower in the region to be designed by the Italian brand of Giorgio Armani, has been a desired addition to the luxury property market. The project continues to draw interest from affluent ...