DMCI ventures into low-cost housing
Philstar - 2016-07-28
MANILA, Philippines - Diversified engineering conglomerate DMCI Holdings Inc. plans to venture into the low-cost housing sector as part of its new growth strategy, its top official said. DMCI chairman Isidro Consunji said the company has "the scale ...

More leeway for economic pump-priming
Philstar - 2016-07-28
Emilio Neri Jr., lead economist at Bank of the Philippine Islands, said the report showed President Duterte has "a lot of space to expand capital outlays," projected to hit five percent of GDP. Last year, infrastructure spending accounted only for 3.3 ...

PCSO officials face complaint over equipment lease deals
Rappler - 2016-07-28
ATM chairman Leon Peralta said the PCSO officials committed violations by granting extensions to the equipment lease agreements of the Philippine Gaming & Management Corporation and Pacific Online Systems Corporation. The lease agreements with the two ...

Northern Mindanao posts 5.5% GRDP growth in 2015
news.pia.gov.ph - 2016-07-28
CAGAYAN DE ORO CITY, July 28 (PIA) -- The economy of Northern Mindanao posted a 5.5 percent year-on-year growth in 2015, the Philippine Statistics Authority (PSA) said. PSA Regional Director Eddie Nasol said the gross regional domestic product (GRDP ...

Globe set to appeal CA's denial of TRO bid vs PCC review
interaksyon.com - 2016-07-28
MANILA - Globe Telecom CEO Ernest Cu said they are prepared to appeal the denial by the Court of Appeals of their petition for a temporary restraining order against the Philippine Competition Commission's review of Globe and PLDT's P69.1-billion buyout of ...

MOST EXPENSIVE CONDO | Ayala Land starts selling Park Central Towers units
interaksyon.com - 2016-07-28
MANILA - Ayala Land Premiere will start selling its Park Central Towers, a project valued at P20.5 billion, its most expensive project to date. The ultra-luxury Two Tower Development will rise at the corner of Paseo de Roxas and Makati Avenue.

Globe Telecom set to charge P5 for 911 calls
Rappler - 2016-07-28
MANILA, Philippines - Globe Telecom on Wednesday, July 27, announced it will charge an additional P5 per call on top of the regular voice charges for their subscribers calling the 911 hotline. The idea, however, was actually suggested by the government ...

RC Cola Army sets sights on PSL volley title
thestandard.com.ph - 2016-07-28
Again backed by ARC Refreshments Corporation, the licensed bottler of RC Cola International in the Philippines, the RC Cola Army Lady Troopers return to the Philippine Superliga with its sights set on taking home the All-Filipino Conference crown and a ...

Google CEO on company's mobile growth
MSN - 2016-07-27
CNBC's Josh Lipton and SunTrust's Bob Peck report the latest from Alphabet's earnings call, including what Google CEO Sundar Pichai has to say. Like us on Facebook to see similar stories

Meralco, DMCI to build new coal plant
Manila Standard Today - 2016-07-27
Conglomerate DMCI Holdings Inc. sealed a 50-50 joint venture with Manila Electric Co. to build a 700-megawatt coal-fired power project in Calaca, Batangas. DMCI president Isidro A. Consunji said in an interview at the sidelines of the annual stockholders ...

Meralco, DMCI to build new coal plant
thestandard.com.ph - 2016-07-27
Conglomerate DMCI Holdings Inc. sealed a 50-50 joint venture with Manila Electric Co. to build a 700-megawatt coal-fired power project in Calaca, Batangas. DMCI president Isidro A. Consunji said in an interview at the sidelines of the annual stockholders ...

Hilton reports Q2 results
E TN Global Travel Industry News - 2016-07-27
Additionally, Hilton Worldwide grew its global footprint to 104 countries and territories with the openings of the Hilton Tallinn Park in Estonia and the Conrad Manila in the Philippines ... Vacations Inc. in filings with the Securities and Exchange ...

Ex-PCSO chiefs charged with graft over lotto deal
Philippine Daily Inquirer - 2016-07-27
The Anti-Trapo Movement of the Philippines (ATM) filed the complaint in the Office of the Ombudsman alleging irregularities in the renewal contracts awarded to Philippine Gaming and Management Corp. (PGMC) and Pacific Online Systems Corp. (POSC), in March ...

Ex-PCSO chiefs charged with graft over lotto deal
Philippine Daily Inquirer - 2016-07-27
The Anti-Trapo Movement of the Philippines (ATM) filed the complaint in the Office of the Ombudsman alleging irregularities in the renewal contracts awarded to Philippine Gaming and Management Corp. (PGMC) and Pacific Online Systems Corp. (POSC), in March ...

Pichay wants arrest warrant held
Philippine Daily Inquirer - 2016-07-27
The Gatchalians, also accused in the case, are the executives and owners of Wellex Group (WGI) and Forum Pacific Inc. (FPI), which owned and operated Esbi at the time of the acquisition. The family members allegedly each made a windfall profit of P80 ...

Acacia Hotel Manila promotes wellness in the city
thestandard.com.ph - 2016-07-27
Acacia Hotel Manila is conveniently located at the center of Filinvest Corporate City, Alabang wherein trails and open roads are conducive for biking, cycling and dirt biking. Paved roads lined with sprawling trees are closed during Carless Sundays from 5a ...

RC Cola Army sets sights on PSL volley title
thestandard.com.ph - 2016-07-27
Again backed by ARC Refreshments Corporation, the licensed bottler of RC Cola International in the Philippines, the RC Cola Army Lady Troopers return to the Philippine Superliga with its sights set on taking home the All-Filipino Conference crown and a ...

Lopez vows to prohibit Tampakan mine project
thestandard.com.ph - 2016-07-27
while in far second and last position were Didipio Copper-Gold Project of Oceana Gold and Padcal Copper-Gold Project of Philex Mining Corp. in Benguet province with 23,919 dry metric tons and 17,804 dry metric tons of production respectively. MGB said ...

DMCI mulling over entry into lower-income class housing development
BusinessMirror. - 2016-07-27
DMCI Holdings Inc. said it would venture into housing projects for low-income and lower middle-class families. The company, known to develop residential projects for the middle-income segment of the market, said it has the scale, resources and expertise ...

Metro Pacific unit to invest P10 billion in cargo rail system
BusinessMirror. - 2016-07-27
Ferdinand G. Inacay, who sits as the president of MRail Inc., a unit of Metro Pacific Investments Corp., said his company is eager to start the rehab and the reconstruction of railway cargo system that will connect the ports of Manila and an inland ...

Philex Petroleum H1 net loss down to P30.6 million
BusinessMirror. - 2016-07-27
PHILEX Petroleum Corp. trimmed its net loss to P30.6 million in the first half of the year, from P86 million in the same period a year ago, mainly on account of lesser expenses. On Wednesday the Pangilinan-led company also reported a lower consolidated net ...

Strong sales of cooking gas drive up Pryce income in H1
BusinessMirror. - 2016-07-27
PRYCE Corp. said its net income grew 46 percent during the first half of the year, mainly on strong sales of cooking gas. The company said in a statement its income reached P433.28 million during the first six months of the year, up from P297.08 million ...

Telecom law too old; Security Bank award
thestandard.com.ph - 2016-07-27
House Bill No. 6161 seeks to increase the penalty on Smart Communications Inc., Globe Telecom Inc. and Sun Cellular from P200 to P300,000 per day if they refuse to follow the order of the NTC and curb violations. The bill proposes to cap the penalty at P5 ...

Pryce reports 46% growth in first-half net profit to P433 M
Manila Bulletin - 2016-07-27
Pryce Corporation and its subsidiaries (PPC) posted a 45.85 percent jump in consolidated net income to P433.28 million for the first half this year from the P297.08 million earned in the same period of 2015. In a disclosure to the Philippine Stock Exchange ...

Pryce reports 46% growth in first-half net profit to P433 M
Manila Bulletin - 2016-07-27
Pryce Corporation and its subsidiaries (PPC) posted a 45.85 percent jump in consolidated net income to P433.28 million for the first half this year from the P297.08 million earned in the same period of 2015. In a disclosure to the Philippine Stock Exchange ...

Lopez shelves $5.9-B Tampakan mine project
Manila Bulletin - 2016-07-27
The project is owned by Sagittarius Mines, Inc. (SMI) and Indophil, which is controlled by the Alcantara group through Alsons Prime Investments Corp. (Apic). Following the sale of its interest in SMI in 2015, Glencore is no longer involved with the ...

Top firms show changing job preferences - JobStreet.com
Manila Bulletin - 2016-07-27
San Miguel Corporation (SMC), Nestlé Philippines, and Accenture maintained their lead as the Top 3 most desired employers among Filipino jobseekers, according to the 2016 Top Companies Report released by JobStreet.com. In a statement, Jobstreet said that ...

Analysts revise projection for Philippine telecom industry
Philstar - 2016-07-27
CEBU, Philippines - Market analysts at the investment powerhouse COL Financial Philippines revised its project for the telecom sector in the Philippines in light of recent changes in the industry. While uncertainties remain on Globe and PLDT's joint ...

Visayas, Mindanao flights drive Cebu Pacific's passenger volume
Rappler - 2016-07-27
Its operator Cebu Air Incorporated said in a statement on Wednesday, July 27, that it flew over 10 million passengers from January to June this year, an increase of 9% over the same period in 2015. On average, the Cebu Pacific operator said flights were 87 ...

DMCI Holdings to foray into low-cost housing
interaksyon.com - 2016-07-27
MANILA, Philippines -- Diversified engineering conglomerate DMCI Holdings Inc. (DMCI) is jumping on low-cost housing bandwagon to support continued growth. DMCI Holdings chairman and president Isidro A. Consunji said they are venturing into low-cost ...

DMCI Holdings to foray into low-cost housing
interaksyon.com - 2016-07-27
MANILA, Philippines -- Diversified engineering conglomerate DMCI Holdings Inc. (DMCI) is jumping on low-cost housing bandwagon to support continued growth. DMCI Holdings chairman and president Isidro A. Consunji said they are venturing into low-cost ...

CA junks MRT3 owners' appeal to stop gov't from getting more trains
Rappler - 2016-07-27
MANILA, Philippines - The Court of Appeals ... trains from a different supplier. MRT Holdings II Incorporated, a majority stakeholder of MRT3 owner MRT Corporation (MRTC), went to the CA, after the Makati City Regional Trial Court (RTC) dismissed ...

Top 10 companies 'Filipinos want to work for' in 2016
Rappler - 2016-07-27
Other companies in the top 10 include: Coca-Cola FEMSA Philippines (6th) SM Investments Corporation (7th) Google Philippines (8th) Procter & Gamble Philippines (9th) ABS-CBN Corporation (10th) For the third straight year, SMC topped the list of Jobstreet's ...

DMCI bats for shelters instead of mass housing
Manila Bulletin - 2016-07-27
Diversified engineering conglomerate DMCI Holdings Inc., through residential unit DMCI Project Developers Inc., is pursuing the development of decent housing for low-income and lower middle-class income families. "We have the scale, resources and ...

PSE optimistic Duterte policies will boost market
Manila Bulletin - 2016-07-27
The Philippine Stock Exchange, Inc. (PSE) welcomed the statement of President Rodrigo Roa Duterte in his State of the Nation Address to maintain current macroeconomic policies that will facilitate stable inflation and manage the fiscal environment.

NOTC creates resolution to preserve cultural heritage
news.pia.gov.ph - 2016-07-27
Martinez also pointed out the Locomotive in Central Azucarera de Bais along railway tracks of sugar plantation as cultural attraction in Bais City years back. Bais City then showcased a farm or day tour with a ride on the locomotive around the farm and ...

Govt to award P23.2B connector project to MPTDC
Manila Bulletin - 2016-07-27
The government is awarding the P23.2 billion North Luzon Expressway - South Luzon Expressway (NLEX - SLEX) connector road project to Metro Pacific Tollways Development ... seven firms including San Miguel Holdings Corp., Obrascon Huarte Lain SA ...

Maliksi, Juico, several PCSO execs sued for deals sans bids
Philippine Daily Inquirer - 2016-07-27
The Anti-Trapo Movement of the Philippines (ATM) filed the complaint in the Office of the Ombudsman alleging irregularities in the renewal of contracts awarded to Philippine Gaming and Management Corp. (PGMC) and Pacific Online Systems Corp. (POSC), in ...

Architecture: Thinking space
yoursingapore.com - 2016-07-27
CleanTech Park One was opened in 2013. More than 37,000 sq m of offices and laboratories are spread out across six floors and two towers located next to Nanyang Technological University. In the space of two years, it has housed 16 projects ranging from ...

DMCI Holdings to foray into low-cost housing
MSN - 2016-07-26
DMCI Holdings chairman and president Isidro A. Consunji said they are venturing into low-cost housing with an average price of P3.5 million targeted for low-income and lower middle-class families. â Most developers are eager to help address the housing ...

DMCI Holdings to foray into low-cost housing
MSN - 2016-07-26
DMCI Holdings chairman and president Isidro A. Consunji said they are venturing into low-cost housing with an average price of P3.5 million targeted for low-income and lower middle-class families. â Most developers are eager to help address the housing ...

First Philex, Sun end arbitration row
thestandard.com.ph - 2016-07-26
First Philippine Holdings Corp., the holding company of the Lopez Group, said in a disclosure to the stock exchange that unit First Philippine Electric Corp. and First Philec Solar Corp. ended their disputes with SunPower Philippines Manufacturing Ltd ...

SunPower Settles $50.5M JV Row With Philippine Power Co.
Law 360 - 2016-07-26
First Philec Solar Corp. manufactures silicon wafers that form the core in the production of high-efficiency solar cells and panels, according to a 2011 annual report issued by First Philippine Holdings Corp., the parent company of First Philippine ...

SunPower Settles $50.5M JV Row With Philippine Power Co.
Law 360 - 2016-07-26
First Philec Solar Corp. manufactures silicon wafers that form the core in the production of high-efficiency solar cells and panels, according to a 2011 annual report issued by First Philippine Holdings Corp., the parent company of First Philippine ...

Market declines; Vitarich rises
thestandard.com.ph - 2016-07-26
Stocks retreated Tuesday, following overnight losses on Wall Street, as traders await central bank meetings in Japan and the United States this week. The Philippine Stock Exchange index, the 30-company benchmark, shed 24 points, or 0.3 percent to close at ...

Market declines; Vitarich rises
Manila Standard Today - 2016-07-26
Stocks retreated Tuesday, following overnight losses on Wall Street, as traders await central bank meetings in Japan and the United States this week. The Philippine Stock Exchange index, the 30-company benchmark, shed 24 points, or 0.3 percent to close at ...

RCBC reorganizes 14-man board of directors
Philstar - 2016-07-26
MANILA, Philippines - Rizal Commercial Banking Corp. (RCBC) has reorganized its 14-strong board of directors as an aftermath to the $81 million bank heist. RCBC corporate information officer Ma. Christina Alvarez informed the Philippine Stock Exchange ...

La Union-based PPMC is Top 3 performing GOCC nationwide
news.pia.gov.ph - 2016-07-26
After the assessment which covered three areas namely Stakeholder Relationships, Disclosure and Transparency and Responsibilities of the Board, the top three GOCCs were named: Philippine Deposit Insurance Corporation ... a 240-hectare estate which includes ...

Sueno to public: No test, prank calls to 911
news.pia.gov.ph - 2016-07-26
including PLDT and Globe. (DILG) The Philippine Information Agency (PIA) directly serves the Presidency and the Executive Branch on the national, regional and provincial levels through its sixteen (16) regional offices and seventy-one (71) provincial infor ...

Legacy depositors face fraud charges
thestandard.com.ph - 2016-07-26
The Justice Department ordered the filing of charges against 88 depositors of Legacy Banks and a branch manager of Rizal Commercial Banking Corp. in Bacolod City for alleged insurance fraud. PDIC said in a statement DOJ also directed the filing of perjury ...