NPA rebel dies in Surigao Norte town clash
news.pia.gov.ph - 2016-08-03
SURIGAO CITY, Surigao del Norte, Aug. 3 (PIA) - A New People's Army (NPA) rebel was killed after government security forces clashed with a group of NPA rebels at the ... On his part, 30IB commanding officer Lt. Col. Rico Amaro said that they will ...

Ethiopian Airlines brings state-of-the-art Dreamliner 787 aircraft; offers enticing travel deals in celebration of 70th anniversary
interaksyon.com - 2016-08-03
For the past one year, the airline has already been flying to the Philippines. We already fly four times a week, and now, we are upgrading and changing the aircraft from 767, which we are flying for the past one year, to 787." "Ethiopian Airlines is ...

Bangladesh lawyer, envoy sew up firm commitments from PH on stolen $81M
interaksyon.com - 2016-08-03
Gomes said they discussed the money laundering cases pending at the DOJ against local casino junket operator Kamsin Wong; Maia Santos Dequito, the former Jupiter branch manager of the Rizal Commercial Banking Corporation (RCBC) where hackers diverted the ...

Surging stock market an advantage for SSS members eligible for Option to Sell Shares of Stocks Program
Big News Network - 2016-08-03
Among the companies whose shares of stocks are held by SILP and PFLP borrowers include Jollibee Foods Corporation, Manila Electric Company, San Miguel Corporation, Philippine Long Distance Telephone Company, Globe Telecom, Petron Corporation, Ayala Land ...

RCBC 1H 2016 net income at P2.6B
interaksyon.com - 2016-08-03
MANILA - Rizal Commercial Banking Corporation posted an unaudited consolidated net income of P2.61 billion for the first half of 2016, 3.3% higher than the P2.53 billion net income reported for the same period last year. Core income excluding the cyclical ...

People & Events
Visayan Daily Star - 2016-08-03
The activity was attended by local disaster risk reduction and management officers of the cities and municipalities of Negros Occidental, members of the Provincial Disaster Risk Reduction and Management Council, and other national government agencies.

Shang Properties to raise stake in subsidiary for P1.42B
interaksyon.com - 2016-08-03
MANILA - Premium property developer Shang Properties Inc. has announced a P1.42-billion deal that raised equity in its subsidiary KSA Realty Corp. from 52.9 percent to 70 percent. Shang Properties told the local bourse it agreed to purchase 207,082 ...

Shang Properties to raise stake in subsidiary for P1.42B
interaksyon.com - 2016-08-03
MANILA - Premium property developer Shang Properties Inc. has announced a P1.42-billion deal that raised equity in its subsidiary KSA Realty Corp. from 52.9 percent to 70 percent. Shang Properties told the local bourse it agreed to purchase 207,082 ...

PLDT profit falls on Rocket Internet loss
interaksyon.com - 2016-08-03
The company had previously targeted spending of this year from P43 billion. PLDT and rival Globe Telecom, Inc. acquired the telecommunications business of San Miguel Corp. for about P70 billion, including debt, giving them equal access to the 700-megahertz ...

Duterte tags Roberto Ongpin as 'oligarch' he wants to destroy
Rappler - 2016-08-03
Ongpin sits as chairman of two listed firms - PhilWeb Corporation and Atok Big Wedge Incorporated. Duterte described Ongpin as a businessman close to people in power and implied he used his political influence to strengthen his businesses. Ongpin had ...

DOJ OKs filing of estafa vs ex-PSE exec, 4 others in P100-M scam
Philippine Daily Inquirer - 2016-08-02
The case stemmed from the complaint of Joyce Marie Jao who accused the respondents of enticing her into investing P4 million in stocks at ABS-CBN Corp. with a promised interest of "around 50 percent." She filed the complaint earlier this year after ...

Cirtek posts15% revenue growth in first semester
Manila Bulletin - 2016-08-02
Tech firm Cirtek Holdings Philippines Corporation posted an eight percent improvement in consolidated net income for the first half of the year to $3.5 million on the back of a 15 percent growth in revenues to $32.5 million. In a disclosure to the ...

Stock market drops; BDO, Metrobank up
Manila Standard Today - 2016-08-02
The Philippine Stock Exchange index, the 30-company benchmark, shed 32 points, or 0.4 percent, to close at 8,037.48. Despite the loss, the bellwether was still up 15.6 percent since the start of the year. The heavier index, representing all shares ...

Ongpin obtains reprieve from CA
thestandard.com.ph - 2016-08-02
Ongpin currently sits as chairman of two listed companies, including PhilWeb Corp. and Atok Big Wedge Inc. The SEC investigation showed that Ongpin had gained non-public material information as a director and as selling shareholder of Philex when he ...

PSBank registers income of P1.2b
thestandard.com.ph - 2016-08-02
Philippine Savings Bank, the thrift bank unit of Metropolitan Bank & Trust Co., said Tuesday net income grew 2.2 percent in the first half to P1.2 billion from P1.1 billion a year ago. PSBank said in a statement the six-month performance was driven by a 10 ...

PSBank registers income of P1.2b
Manila Standard Today - 2016-08-02
Philippine Savings Bank, the thrift bank unit of Metropolitan Bank & Trust Co., said Tuesday net income grew 2.2 percent in the first half to P1.2 billion from P1.1 billion a year ago. PSBank said in a statement the six-month performance was driven by a 10 ...

2016 Mr. and Miss Chinatown Philippines winners crowned
Philstar - 2016-08-02
Yao and Lim were declared Mr. and Miss Philippine Airlines while Chua was Mr. Shimmian. The board of judges was composed of Sen. Risa Hontiveros, film producer Roselle Monteverde, fashion designer Ditta Sandico and Arlene Cheng Tobias (the first ...

SEC vs. RVO: Round one for Ongpin
thestandard.com.ph - 2016-08-02
Ongpin (RVO) from being an officer or a director of any listed company and fining him P174 million for alleged insider trading in connection with his purchases on Dec. 2, 2009 of 17.98 million shares of Philex Mining before he sold the same shares to Manuel V.

Surging stock market an advantage for SSS members eligible for Option to Sell Shares of Stocks Program
news.pia.gov.ph - 2016-08-02
Among the companies whose shares of stocks are held by SILP and PFLP borrowers include Jollibee Foods Corporation, Manila Electric Company, San Miguel Corporation, Philippine Long Distance Telephone Company, Globe Telecom, Petron Corporation, Ayala Land ...

4 Fil-Am groups win Esclamado community service award
Global Nation - 2016-08-02
WASHINGTON, D.C. - A cultural school that keeps Filipino heritage alive among young Filipino Americans, a more than a century-old group that has represented the Filipino community in Philadelphia ... These volunteers are all college-educated (from ...

Stock market drops; BDO, Metrobank up
thestandard.com.ph - 2016-08-02
The Philippine Stock Exchange index, the 30-company benchmark ... Ten of the 20 most active stocks ended in the green, led by BDO Unibank Inc. which fell 2 percent to P117 and Metropolitan Bank & Trust Co. which advanced 1.3 percent to P96.50.

PLDT selling Meralco stake
Manila Standard Today - 2016-08-02
PLDT Inc. said Tuesday it is in talks with a foreign investor to sell its remaining stake in power retailer Manila Electric Co. for over P26 billion. "We are now in discussion with a number of interested investors in respect of this interest of PLDT in ...

DoT prepares four-point program to decongest Naia
BusinessMirror. - 2016-08-02
Lim said Philippine Airlines (PAL) and Cebu Pacific were brought into the discussions and were asked to choose which of their flights would be brought to Clark. "Both of these carriers can help two ways--they can help decongest the Naia and help in the ...

Tetangco sees faster growth in April-June
BusinessMirror. - 2016-08-02
Thieves hacked into the account of the Bangladesh central bank at the US Fed and routed the funds to accounts at Manila-based Rizal Commercial Banking Corp. Tetangco made it clear that banks themselves have to play a central role in enforcing antimoney ...

PSBank net income rises 2.2% over six months to P1.2 billion
BusinessMirror. - 2016-08-02
The thrift banking arm of the Metrobank Group, the Philippine Savings Bank (PSBank), reported expanded net income in the first six months that its management attributed to an increase in its core businesses. The lender posted a 2.2-percent increase in net ...

PLDT plans to sell 8.74% Meralco stake
Manila Bulletin - 2016-08-02
The Philippine Long Distance Telephone Co. (PLDT) is in talks with an unnamed foreign group to sell its remaining 8.74 per cent stake in the Manila Electric Co. (Meralco) and expects to divest its shares within the first half of next year, PLDT Chairman ...

Ethiopian Airline launches Dreamliner service in Manila
Manila Bulletin - 2016-08-02
After a year of operating in the Philippines, Ethiopian Airlines the other night launched its Dreamliner Boeing 787 (B787) - the latest and most technologically advanced Boeing aircraft - for its Manila - Addis Ababa route. Ethiopian Airlines ...

SSS borrowers urged to pay stock accounts
Manila Bulletin - 2016-08-02
Among the companies whose shares of stocks are held by SILP and PFLP borrowers include Jollibee Foods Corp., Manila Electric Co., San Miguel Corp., Philippine Long Distance Telephone Co., Globe Telecom, Petron Corp., Ayala Land and Union Bank of the ...

DPWH eyes Metro Manila traffic improvement in 2-3 years
Inquirer - 2016-08-02
Speaking at the Financial Times-First Metro Investments Corp. (FMIC) Summit on Tuesday ... such connector road projects undertaken separately by the San Miguel and Metro Pacific groups), the Harbor Link project (undertaken by Metro Pacific to link the ...

Pichay posts P250,000 bail
The Daily Tribune - 2016-08-02
Ombudsman Conchita Carpio-Morales upheld the indictment of former officials of LWUA, corporate executives of Wellex Group Inc., Forum Pacific Inc. and ESBI in connection with the anomalous bank acquisition. Aside from Pichay and Gatchalian, also indicted ...

Century Properties continues to raise the bar in luxury living
BusinessMirror. - 2016-08-02
THE economic boom in Southeast Asia has led to the growing affluence of its people. With a bigger purchasing power, several developers have been encouraged to venture into the luxury market. As a result, this has also led into the entry of high-class ...

Megaworld launches The Ellis for the younger generation
BusinessMirror. - 2016-08-02
PROPERTY titan Megaworld Corp. realizes the enthusiasm ... founder and CEO, Lamudi Philippines and MyProperty.ph; and Guji Lorenzana, event host In response to this development, the company founded by real-estate mogul Dr. Andrew Tan recently introduced ...

2016 Global High Performance Companies Norm now includes Globe Telecom
Manila Bulletin - 2016-08-02
Globe Telecom is the first telecommunications company in the Philippines to be included in the 2016 Global High Performance Companies Norm, which comprises organizations with exemplary financial performance and human resource practices. The Global High ...

Robinsons Retail acquires North Mindanao hardware
Philstar - 2016-08-02
MANILA, Philippines - Robinsons Retail Holdings Inc. (RRHI) the retailing arm of the Gokongwei Group, has acquired De Oro Pacific Home Plus Depot, a big box hardware company in Northern Mindanao. The acquisition, which was made through subsidiary RHI ...

PH to produce organic chickens for exports
Manila Bulletin - 2016-08-02
"We can now sell our chicken products to them since the facilities of the San Miguel Corporation have already been approved and the Province of Maguindanao has started the chicken production" Piñol said. Piñol also stated that the chickens can be ...

Will Okada Manila be Miss Universe 2016 official residence?
thestandard.com.ph - 2016-08-02
Among the sponsors are Henry Sy and Japanese casino mogul Kazuo Okada. We know Henry Sy as the richest Filipino being the patriarch of SM Prime Holdings. But, who is Kazuo Okada and what will he get out of this partnership with Miss Universe Organization?

Meralco powers Ejeepneys in Filinvest City
Manila Bulletin - 2016-08-02
Aligned with its goal of pioneering innovative energy solutions, Meralco partnered with premier property developer Filinvest Land Inc. and transport services supplier Electric Vehicle Expansion Enterprise, Inc. (EVEE), and provided technical consultancy ...

PLDT's income drops by 33% on Rocket Internet losses
Rappler - 2016-08-02
MANILA, Philippines - PLDT Incorporated's net income dipped by 33% in the first half of the year, after it booked higher losses from its investment in German e-commerce company Rocket Internet SE, and saw a drop in the business of international and ...

Keppel Land cuts the ribbon on new mall in Ho Chi Minh city
MSN - 2016-08-02
It is anchored by the city's first Takashimaya store. Keppel Land has deepened its footprint in Vietnam as it opens Saigon Centre retail mall in the country's Ho Chi Minh city. According to a press release by Keppel Land, the mall forms part of Phase Two ...

Pichay posts bail in bank buyout case
Philippine Daily Inquirer - 2016-08-02
The Laguna-based thrift bank is owned by Forum Pacific Inc. (FPI) as well as the Wellex Group, the company of the family of Senator Sherwin Gatchalian. He and members of his family also faced charges over the buyout. READ: Gatchalian seeks dismissal of ...

CA stops SEC order on Ongpin's insider trading case
Rappler - 2016-08-02
MANILA, Philippines - The Court of Appeals (CA) has issued a temporary restraining order (TRO) on the Securities and Exchange Commission (SEC) decision on businessman Roberto Ongpin's insider trading case involving Philex Mining Corporation shares in 2009.

Robinsons Retail acquires big box hardware store chain in Mindanao
interaksyon.com - 2016-08-02
MANILA - Robinsons Retail Holdings Inc. through its subsidiary RHI Builders and Contractors Depot Corp. has acquired a majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with a three-store chain in Northern Mindanao.

Robinsons Retail acquires big box hardware store chain in Mindanao
interaksyon.com - 2016-08-02
MANILA - Robinsons Retail Holdings Inc. through its subsidiary RHI Builders and Contractors Depot Corp. has acquired a majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with a three-store chain in Northern Mindanao.

PSBank posts P1.2-B net income as of 1H 2016
interaksyon.com - 2016-08-02
MANILA - Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, grew its net income by 2.2% to P1.2 billion in the first half of the year from P1.1 billion in the same period last year. Higher net earnings was supported by a 10% ...

PSBank posts P1.2-B net income as of 1H 2016
interaksyon.com - 2016-08-02
MANILA - Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, grew its net income by 2.2% to P1.2 billion in the first half of the year from P1.1 billion in the same period last year. Higher net earnings was supported by a 10% ...

SM Prime core net income hits P12.6B in H1
interaksyon.com - 2016-08-02
The mall operations in China, which accounted for 9 percent of mall revenues, generated P2.1 billion, up by 8 percent from P1.9 billion in the first half of 2016. Currently, SM Prime has a total of 58 malls in the Philippines and six in China with a total ...

Responsible mining is not an oxymoron
thestandard.com.ph - 2016-08-02
Benguet Consolidated was joined by several leading copper producers--ACMDC (Atlas Consolidated Mining and Development Corp.), Lepanto Consolidated Mining Corp., Philex Mining Corp. and Marinduque Mining and Industrial Corp.--in the blue-chip section of ...

CA stops SEC order on Ongpin's insider trading case
Rappler - 2016-08-02
Ongpin sits as chairman of two listed firms - PhilWeb Corporation and Atok Big Wedge Incorporated. The local corporate regulators accused Ongpin of insider trading when he bought Philex shares in 2009, a few days before he sold a huge sum of shares to ...

Robert Paul Petron
Star Tribune - 2016-08-02
Petron, Robert Paul age 86, of Albertville. Longtime employee of the City of Mpls. and the Osseo Brooklyn Bus Company. Preceded in death by parents, Alois & Rose. Survived by wife of 56 years, Lois; children, Michelle (Larry) Miller, Renee (Dan) Proell ...

Robinsons Retail acquires Mindanao hardware store
m.bworldonline.com - 2016-08-02
ROBINSONS Retail Holdings, Inc. (RRHI) is adding another brand to its big box hardware portfolio, with the acquisition of a majority stake in De Oro Pacific Home Plus Depot. In a disclosure to the Philippine Stock Exchange on Monday, the company said it ...