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 ...

Market rises; banks advance
thestandard.com.ph - 2016-08-01
The Philippine Stock Exchange Index surged 106.70 points, or 1.3 percent, to 8,069.81 on a value turnover of P7.3 billion. Gainers beat losers, 120 to 82, with 41 issues unchanged. Banks drove the market higher, led by BDO Unibank Inc., Bank of the ...

New coal station rising
thestandard.com.ph - 2016-08-01
Palm Concepcion, a joint venture of Palm Thermal Consolidated Holdings Corp., a subsidiary of A Brown Company Inc. and Jin Navitas Resource, Inc., owns the 2-by-135-MW circulating fluidized bed combustion coal-fired power plant in Barangay Nipa ...

Amkor Technology Appoints New President Of Amkor Technology Taiwan
www.thestreet.com - 2016-08-01
Amkor (AMKR) stock is jumping on Tuesday afternoon after the company posted solid results for the 2016 second quarter and gave upbeat guidance. Amkor (AMKR) stock is advancing in after-hours trading on Monday after the company reported higher-than ...

Host community gets solar street lights from Pagbilao power plant
news.pia.gov.ph - 2016-08-01
Three power plants owned by the company are currently under construction in Barangay Ibabang Polo. The project is owned by Pagbilao Energy Corporation, a joint venture of Team Energy and Aboitiz Power. (MCA/Ruel orinday-PIA-Quezon/ with reports from Team ...

SSS members urged to pay stock accounts
thestandard.com.ph - 2016-08-01
Among the companies whose shares of stocks are held by SILP and PFLP borrowers are Jollibee Foods Corp., Manila Electric Co., San Miguel Corp., Philippine Long Distance Telephone Co., Globe Telecom Inc., Petron Corp., Ayala Land Inc. and Union Bank of the ...

Sy cites retirement as he steps down as SM Prime president
BusinessMirror. - 2016-08-01
The increase is driven by the higher construction accomplishments of SM Development Corp. (SMDC) projects launched from 2013 to 2015, it said. Reservation sales bounced back in the second quarter posting P14.5 billion from P8.1 billion in the previous quarter.

Lower gas prices greet motorists on first day of month
BusinessMirror. - 2016-08-01
The price cut reflects movements in the international oil market when supply is abundant, the agency said. Petron Corp. implemented a P0.70-per-kilogram price rollback in liquified petroleum gas (LPG) and P0.40 per liter for its auto LPG on August 1.

Phinma revenues rose 16% to P3.1 billion in H1
BusinessMirror. - 2016-08-01
PHINMA Corp. said its income rose 19 percent during the first half of the year ending June, following the consolidation of its recently acquired Southwestern University. The company said in a statement its income for the period hit P201 million, an ...

The politicians versus the people
BusinessMirror. - 2016-08-01
Follow me on Twitter @mangunonmarkets. PSE stock-market information and technical analysis tools provided by the COL Financial Group Inc. E-mail me at mangun@gmail.com. Visit my website at www.mangunonmarkets.com. Follow me on Twitter at @mangunonmarkets.

Robinsons Retail acquires Mindanao hardware-store operator
BusinessMirror. - 2016-08-01
GOKONGWEI-LED Robinsons Retail Holdings Inc. on Monday said it acquired a majority stake ... The company said in its disclosure to the Philippine Stock Exchange, it acquired the firm through its units RHI Builders and Contractors Depot Corp. It did not ...

Luxurious two-tower project set to redefine Makati skyline
Manila Bulletin - 2016-08-01
Ayala Land Premier (ALP) is set to redefine the Makati skyline within the next eight years with the unveiling of its ultra-luxury two-tower development Park Central Towers, which will rise above the crossroads of Paseo de Roxas and Makati Avenue.

Globe submits 3-yr rollout plan to NTC
Manila Bulletin - 2016-08-01
Globe Telecom has submitted its 3-year rollout plan to the National Telecommunications Commission (NTC) committing to provide mobile services, including voice, SMS and data, to 95% of municipalities and cities by the end of 2018 using additional spectrum ...

Leyte traders send wish list to Palace
Manila Bulletin - 2016-08-01
Tacloban City -- The Leyte Chamber of Commerce and Industry is seeking the help of Malacañang in expanding the Leyte Industrial Development Estate (LIDE ... major industries - Philippine Associated Smelting & Refining Corp and the Philippine Phosphate ...

Semirara has hands full with power plant projects
Philstar - 2016-08-01
MANILA, Philippines - Consunji-led Semirara Mining and Power Corp. will have its hands full in terms of coal power plant developments with recently commissioned power plant, upgrades on existing facilities and joint venture power project with Manila ...

Upbeat retail, real estate lift SM Prime's profit
Rappler - 2016-08-01
MANILA, Philippines - SM Prime Holdings Incorporated registered a core net income of P12.6 billion in the first half of 2016, up 12% from P11.2 billion the previous year, due to higher revenues from mall operations and residential development.

PSEi climbs back to 8,000
Inquirer - 2016-08-01
Ayala Corp, BDO, MPIC and ALI all gained over 1 percent. Outside PSEi, Security Bank (+1.37 percent), Vitarich (+7.91 percent), Cebu Air (+4.31 percent) and Cemex (+2.18 percent) gained in heavy volume. Jollibee and Globe slid by 1.57 percent and 0.71 ...

Robinsons Retail buys stake in De Oro Pacific
Rappler - 2016-08-01
MANILA, Philippines - Robinsons Retail Holdings Incorporated has acquired majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with 3-store chain in Northern Mindanao. The Gokongwei-led firm told the Philippine Stock ...

PAL cancels 8 flights
Manila Bulletin - 2016-08-01
The Philippine Airlines (PAL) canceled seven flights headed to and from Hongkong and Macau Monday and another one tomorrow due to Tropical Storm NIDA (local name: Carina), Monday. PR 306 Manila - Hong Kong (original ETD: 2:35 PM) PR 307 Hong Kong ...

Pimentel orders review of TG report on $81-M Bangladesh bank cyber heist probe
interaksyon.com - 2016-08-01
made a courtesy call to him asking for assistance to recover their money which was laundered through fictitious accounts in the Rizal Commercial Banking Corp. (RCBC) Jupiter Branch in Makati. He said he did not promise anything to the delegation but ...

Hong Kong, Macau flights cancelled due to Carina
Rappler - 2016-08-01
headed for Hong Kong and southern China after hitting the Philippines over the weekend. The Manila International Airport Authority (MIAA) announced that as of 1 pm on Monday, two airlines have cancelled flights.

Leyte bizmen sends wish list to Malacañang
Manila Bulletin - 2016-08-01
TACLOBAN CITY -- The Leyte Chamber of Commerce and Industry is seeking assistance from Malacañang for the expansion of the Leyte Industrial Development Estate (LIDE ... industries - Philippine Associated Smelting & Refining Corp and the Philippine ...

Lovi still a Kapuso
Manila Bulletin - 2016-08-01
A recipient of The Outstanding Filipino Physician, and the Outstanding Thomasian (UST) Alumni awards, Elio graduated with high distinction from UST.

Green developer ArthaLand sees robust market in 2016
MSN - 2016-07-31
Property developer ArthaLand describes the market as "in the green and on the go" in 2016. Given the strong market momentum from previous years, ArthaLand foresees a robust future in the country's real estate market as it focuses to play strong in ...

Duterte wants to weed out oligarchs from gov't
MSN - 2016-07-31
Ongpin owns online gaming company PhilWeb Corp., which has recently secured the approval of Philippine Amusement and Gaming Corp. (PAGCOR) to extend its operations for at least one month. Its contract expired on July 11. "These are the guys na umuupo ...

Philex Petroleum Corp (PXP)
investing.com - 2016-07-31
PXP Energy Corporation, formerly Philex Petroleum Corporation, is an oil and gas company. It is engaged in the exploration and production of crude oil and natural gas, through interests in petroleum contracts and holdings in resource development companies.

Philex Petroleum Corp (PXP)
investing.com - 2016-07-31
PXP Energy Corporation, formerly Philex Petroleum Corporation, is an oil and gas company. It is engaged in the exploration and production of crude oil and natural gas, through interests in petroleum contracts and holdings in resource development companies.

Stocks likely to move sideways
thestandard.com.ph - 2016-07-31
Heavy losers were Philex Petroleum Corp. which dropped 8.8 percent to P4, DoubleDragon Properties Corp. which fell 8.1 percent to P57.40 and Asian Terminals Inc. which declined 6.9 percent to P10.48. Meanwhile, the peso stabilized last week within a range ...

Big firms eye Mindanao rail project
Inquirer - 2016-07-31
Pangilinan said they were keen on exploring the project. An executive of Ayala Corp. said they were withholding comment until further details were released. The Department of Transportation last week announced it was open to accepting unsolicited proposals ...

Biz Buzz: Over budget? No problem
Inquirer - 2016-07-31
So out she went on that very day. BUSINESS magnate Isidro Consunji, the big boss of conglomerate DMCI Holdings, has a suggestion for Vice President and housing czar Leni Robredo on how to help salaried government workers avail themselves of decent housing.

Megawide unveils 5-year diversification plan
Philstar - 2016-07-31
MANILA, Philippines - Megawide Construction Corp. is further diversifying into an infrastructure conglomerate after "hitting its prime" as a construction and engineering company, officials said over the weekend. The diversification would allow the ...

Senators seek to expedite development works in oil-, gas-rich Reed Bank
BusinessMirror. - 2016-07-31
A Philippine firm, Philex Petroleum, was working in 2012 with UK-based Forum Energy Plc. for an envisioned joint venture with the China National Offshore Oil Co. Philex Petroleum was awarded that year a service contract by the Philippine government to ...

PLDT expands ties with Japan's NTT for 100Gbps ultra-bandwidth
Rappler - 2016-07-31
MANILA, Philippines - PLDT Incorporated inked another collaboration deal with Japan's NTT Communications Corporation to strengthen its international coverage with 100 gigabits per second (Gbps) connectivity. The 100-Gbps connectivity "powered by NTT ...

Short beauties stand tall in Mutya pageant
Inquirer Lifestyle - 2016-07-31
She was also proclaimed Best in Swimsuit, Best in Evening Gown and Mutya ng Skyjet Airlines. "It was really hard for me ... "We all know that this is important in every country, especially the Philippines. It will help raise the standard of living ...

Megawide buys out Sy as it plans to diversify business
BusinessMirror. - 2016-07-31
MEGAWIDE Construction Corp., a company known for its construction contracts, has bought out the Sy family to diversify its business to include infrastructure, such as transportation and clean-energy generation, during the next five years. The company said ...

Mindanao project boosts Italpinas income
Manila Bulletin - 2016-07-31
project in Uptown Cagayan de Oro. The company recorded net sales of R216 million for the two-tower condo, a 62 percent increase year-on-year, as of the end of fiscal year 2015. Likewise, Italpinas said that 82 percent of the 328 units in both towers have ...

Mindanao project boosts Italpinas income
Manila Bulletin - 2016-07-31
project in Uptown Cagayan de Oro. The company recorded net sales of R216 million for the two-tower condo, a 62 percent increase year-on-year, as of the end of fiscal year 2015. Likewise, Italpinas said that 82 percent of the 328 units in both towers have ...

Metrobank hikes PSBank stake
Philstar - 2016-07-31
MANILA, Philippines - Listed Metropolitan Bank & Trust Co. shelled out P1.61 billion to raise its stake in thrift bank arm Philippine Savings Bank to over 80 percent through a block sale last Wednesday. PSBank senior vice president and CFO Perfecto ...

Nickel Asia unit cleared to retail electricity
Philstar - 2016-07-31
MANILA, Philippines - A unit of Nickel Asia Corp. has received the go-signal from the Energy Regulatory Commission (ERC) to operate as a retail electricity supplier (RES) to market electricity generated by renewable energy firm Emerging Power Inc. (EPI).

Paying MMDA fines made easy
BusinessMirror. - 2016-07-31
In addition, Carlos said all Metrobank branches and MMDA redemption center in Makati City will accept payment for fines, Carlos said. "We are making available all the facilities near them [violators] to settle the fines immediately, and avoid being on ...

PCC tells CA: Consolidation a 'ploy to forum shop'
Rappler - 2016-07-31
MANILA, Philippines - The Philippine Competition Commission (PCC) asked the Court of Appeals (CA) to deny Globe Telecom Inc.'s plea to consolidate its petition with that of PLDT Inc., asking the court to stop the commission from reviewing the P69-billion ...

Expect another fuel price rollback this week
Manila Bulletin - 2016-07-31
Earlier, Petron Corporation said it will implement a P0.70 per kilogram (kg) price cut for its cooking gas brands Gasul and Fiesta Gas by 12:01 a.m. of August 1, 2016. The company will also decrease the price of Xtend AutoLPG by P0.40 per liter.

LPG prices down in August
Manila Bulletin - 2016-07-31
MANILA -- Liquefied petroleum gas (LPG) prices are set to decrease effective Monday. In an advisory, Petron Corporation said it will implement a PHP0.70 per kilogram (kg) price cut for its cooking gas brands Gasul and Fiesta Gas. The company will also ...

BOI prepares second industry resurgence program
Manila Bulletin - 2016-07-31
The three big shipbuilders are foreign firms Hanjin Heavy Industries Corporation of South Korea, Tsuneishi of Japan, and Keppel of Singapore. These foreign companies are producing for the export market what the BOI is looking at is production that will ...

BOI prepares second industry resurgence program
Manila Bulletin - 2016-07-31
The three big shipbuilders are foreign firms Hanjin Heavy Industries Corporation of South Korea, Tsuneishi of Japan, and Keppel of Singapore. These foreign companies are producing for the export market what the BOI is looking at is production that will ...

Ateneo President speaks against killings in the country
kami.com.ph - 2016-07-30
READ ALSO: Will Mac Belo continue to play for FEU? Find out here After the tragic death of Emmanuel Jose "Em-J" Pavia, an Ateneo teacher and alumnus who was murdered, Villarin chose to speak about the issue and expressed his condemnation. Pavia is a ...