SEC orders Ongpin out, imposes P174-m penalty
thestandard.com.ph - 2016-07-21
The Securities and Exchange Commission said Thursday it ordered the disqualification of former trade minister Roberto Ongpin from the board of any publicly listed company for allegedly committing insider trading in the sale of Philex Mining shares in 2009.

How Millions From The Bangladesh Bank Heist Disappeared
NDTV - 2016-07-21
That Thursday, over the space of a few minutes, the New York Fed also cleared four transactions to accounts with Rizal Commercial Banking Corp (RCBC) in the Philippines - for $6 million, $30 million, $20 million and $25 million. Each account was in the ...

Daughter Of Jose Manalo Is Bound To Be A Doctor Soon, She's Not Only A Woman With Beautiful Face!
trendingnewsportal.com - 2016-07-21
After that she pursued studying medicine at the FEU-Dr. Nicanor Reyes Medical Foundation and finished it last April. Now, she is having her post graduate internship at the De Los Santos Medical Center. This is the greatest treasure that Jose could give to ...

Resume probe, Dhaka urges
thestandard.com.ph - 2016-07-21
lost $81 million after unidentified hackers illicitly transferred the funds from its account with the Federal Reserve Bank of New York to a Makati City branch of the Rizal Commercial Banking Corp. Last February 9, Bangladesh lost $101 million from its ...

PLDT, Globe wrongly interpreted rules - PCC
Philstar - 2016-07-21
MANILA, Philippines - The Philippine Competition Commission (PCC) claimed yesterday its rules have been wrongly interpreted by PLDT and Globe, causing both telcos to refuse compliance. "Globe and PLDT erroneously interpreted the rules as vesting in them ...

F.N.B.'s (FNB) CEO Vince Delie on Q2 2016 Results - Earnings Call Transcript
MSN - 2016-07-21
Second quarter revenue of $208 million reflected robust noninterest income growth, continued organic loan and deposit growth, and benefit from a full quarter of Metro Bank. I would also like to highlight that our efficiency ratio improved to 55.4% ...

Stocks near all-time high territory
Inquirer - 2016-07-21
These companies all advanced in heavy volume. On the other hand, Ayala Land, Universal Robina, Banco de Oro, Globe Telecom and PLDT slipped. Outside the PSEi, there was also profit-taking on Alterra, which slid by 38.12 percent after backdoor-listing ...

DoubleDragon to raise P10 billion by year-end
BusinessMirror. - 2016-07-21
Its tenants will be mostly fast-food outlets owned by Jollibee Foods Corp. and SM Investments Corp., which owns a third of Citymalls Commercial Centers Inc., the unit of DoubleDragon that will operate the community malls. The company also sold P10 billion ...

DoubleDragon set to hold retail bond offering
Inquirer - 2016-07-21
Property developer DoubleDragon Properties Corp. plans to raise about P10 billion from a fresh retail bond offering later this year to cover the remaining capital outlays needed to achieve its target leasing portfolio by 2020. DoubleDragon is also on track ...

7-11 waves P1-M franchise deal amid stiff competition
Inquirer - 2016-07-21
Convenience store operator Philippine Seven Corp. (PSC) is hatching a more affordable 7-Eleven franchising package to expand its nationwide network and bolster its leading status in the highly competitive retail sector. PSC president Jose Victor Paterno ...

Anticorruption efforts in listed firms not sufficient, study shows
Inquirer - 2016-07-21
In the Philippines, ranked at the top when it comes to disclosures or policies against corruption are Ayala Corp., BDO Unibank Inc., D&L Industries ... Investments Corp., Security Bank Corp., Semirara Mining and Power Corp. and Travellers International ...

Experts bet on retail, property stocks
Inquirer - 2016-07-21
Target Price: P1,105 per share. Semirara (SCC): "Its dividend yield is comparable to Aboitiz Power Corp. but it is 30 percent cheaper if you look at it in terms of P/E (price to earnings ratio). Yield has increased because of concerns surrounding mining.

Experts urge Salalima to come up with spectrum-management policy
BusinessMirror. - 2016-07-21
One of the biggest issues in the industry today is the coacquisition of Globe Telecom Inc. and PLDT Inc. of the telco business of San Miguel Corp. The transaction freed up the coveted 700-megahertz (MHz) frequency band, which, according to the players ...

Jollibee to open second branch in New York, expand in China
BusinessMirror. - 2016-07-21
Jollibee Foods Corp. said it may open its second flagship fast-food store in Manhattan in New York either by the end of this year or early next year. This will be the second Jollibee store in the New York area, after its Queensborough branch was ...

PAL studies Clark operations
thestandard.com.ph - 2016-07-21
Philippine Airlines is studying the transfer of its turboprop operations to Clark International Airport in Pampanga to help decongest Ninoy Aquino International Airport in Pasay City. "We are working on it. The reason why the government wants us to move ...

Govt rejects bid to lift China oil exploration ban
thestandard.com.ph - 2016-07-21
Philex Petroleum, the oil and gas subsidiary of Philex Mining Corp., said Wednesday it sent a letter to Energy Secretary Alfonso Cusi requesting for a meeting to discuss the forward plans in the service contracts of the company and subsidiary Forum Energy plc.

7-Eleven expects earnings to reach P1.3 billion by year-end
BusinessMirror. - 2016-07-21
PHILIPPINE Seven Corp., which holds the master franchise of 7-Eleven stores in the country, said its income may reach about P1.3 billion by the end of the year on election spending, as the store rollout of its competitors fizzles. Jose Victor Paterno, the ...

EDC and FGES enter solar-rooftop market with Gaisano malls in Iloilo
BusinessMirror. - 2016-07-21
Lopez-led firms Energy Development Corp. (EDC) and First Gen Energy Solutions Inc. (FGES) entered the solar-rooftop market in a deal with Gaisano Capital in Iloilo, a news statement released by the power firm said on Thursday. Under the power-purchase ...

More public infrastructures and traffic decongestion bared at RCBC event
BusinessMirror. - 2016-07-21
Dominguez III. In a recent forum organized by the Rizal Commercial Banking Corp. (RCBC) in Makati City, Dominguez said proposals, such as the grant of special powers to the President to deal with the traffic mess, are under evaluation to help ease Metro ...

Battle lines drawn over San Miguel's telco buyout deal
Rappler - 2016-07-21
MANILA, Philippines - Only Globe Telecom Incorporated and PLDT Incorporated refused to comply with the requirements of the newly-established Philippine Competition Commission (PCC), based on the 61 transaction reports that the commission received before ...

Football Para sa Bayan unwraps
BusinessMirror. - 2016-07-21
GLOBE Telecom and Green Archers United together with Astro of Malaysia will hold a series of football clinics for underprivileged kids from Luzon, Visayas, and Mindanao through the TM Football Para sa Bayan starting this weekend. Globe Director for ...

PLDT backs 911 hotline upgrade
The Daily Tribune - 2016-07-21
Telecommunications and digital services provider PLDT, together with subsidiaries Smart and ePLDT, is in full cooperation with the current administration in its plans to beef up the country ... for Crime Prevention, Philippine Information Agency and ...

PayPal Holdings Inc: 3 Reasons to Be Bullish on PYPL Stock
Big News Network - 2016-07-21
PayPal Holdings Inc (NASDAQ:PYPL) stock is up 8.8% year-to-date and is outperforming the NASDAQ index, which is up only 0.05%. This name should be familiar for anyone who has purchased or sold a product on eBay for a better part of the new millennium.

Concepcion Industrial earns 40% more in H1
Philstar - 2016-07-21
MANILA, Philippines - Concepcion Industrial Corp., the listed provider of air conditioning solutions and refrigerators, reported a 40 percent jump in profit in the first half of the year. Sales rose 25 percent on strong growth across all businesses and ...

7-Eleven franchising for less than P1M
Inquirer - 2016-07-21
LEADING convenience store operator Philippine Seven Corp. (PSC) is hatching a more affordable 7-Eleven franchising package, seeking to cement market leadership as competition heats up in this 24/7 retailing format. PSC is now piloting a franchising program ...

PSEi breaks 8,100
Inquirer - 2016-07-21
Ayala Corp., SM Investments and Jollibee also firmed up. Outside of PSEi stocks, investors also bought more shares of newly listed cement firm Cemex (+6.75 percent), retailer Puregold (+0.52 percent) and construction firm Megawide (+0.21 percent).

Labor secretary to look into K to 12 effect on labor
Bulatlat - 2016-07-21
ACT Teachers Party said that Secretary Bello, in particular, vowed to do the following: fast-track cases filed by two retrenched teachers against Miriam College ... asked by the school administration to apply to teach in the senior high school programs ...

DoubleDragon plans to raise P10B retail bonds
Manila Bulletin - 2016-07-21
DoubleDragon Properties Corporation is planning to raise another P10 billion from the local financial market, this time from the issuance of long-term retail bonds, to finance its construction of 1 million square meters of community malls. In an interview ...

US Embassy-Go Negosyo Brings Mentor Me Innovation Forum in Cebu
wheninmanila.com - 2016-07-21
The GoNegosyo- US Embassy Mentor Me Innovation Forum is supported by: (ANNUAL PARTNERS) Sta. Elena Construction and Development Corporation, RFM Corporation, PLDT SME Nation, Smart Communications, DHL Express Philippines, Calata Corporation, Wilcon Depot ...

Gatchalians, Pichay barred from leaving
Philippine Daily Inquirer - 2016-07-21
The Gatchalians own Wellex Group Inc. (WGI) and Forum Pacific Inc. (FPI), major corporate stockholders of Esbi, a Laguna-based thrift bank which was found to be insolvent. Pichay was then chair of the LWUA. Also indicted were WGI officials Elvira ...

Pangilinan refiles bill for coco industry development
Philippine Daily Inquirer - 2016-07-21
The high court had ruled that San Miguel Corporation shares bought using coco levy funds belonged to the state, and "shall be only for the benefit of all coconut farmers and for the development of the coconut industry." The ruling is expected to funnel ...

The continuing mismatch between graduates and labor market needs
Philstar - 2016-07-21
A front page article confirmed this, "The Political and Economic Risk Consultancy (PERC) said educational standards in Southeast Asia rated poorly, while Japan, Singapore and South Korea have the best educational system in Asia. The Philippines landed ...

NCRPO: No security threats monitored for Duterte's 1st SONA
MSN - 2016-07-20
Rallyists can now gather up to the St. Peter's Church along Commonwealth Avenue, a break from the previous police practice of blocking them from going past Ever Gotesco Mall, according to Quezon City Police District director Senior Superintendent Guillermo ...

7-Eleven targets major expansion in Mindanao
MSN - 2016-07-20
Fiat Chrysler CEO identifies Samsung as potential partner amid interest in Magneti Marelli

Lopez stops Nickel Asia shipment from E. Samar
Manila Standard Today - 2016-07-20
The government stopped the ore shipment of a unit of Nickel Asia Corp. from Manicani Island in Eastern Samar, Environment Secretary Regina Lopez said Wednesday. "We are suspending the retrieving of the stockpiles to address the ecological balance ...

Market climbs; Security Bank up
thestandard.com.ph - 2016-07-20
Gainers beat losers, 113 to 84, with 54 issues unchanged. SM Investments Corp. of retail tycoon Henry Sy rose 0.7 percent to P1,017, while retailer Puregold Price Club Inc. of tycoon Lucio Co advanced 3.6 percent to P47.85. Security Bank Corp., the sixth ...

Index continues climb above 8,000
Philstar - 2016-07-20
The benchmark Philippine Stock Exchange index (PSEi) gained 15.96 points or 0.19 percent ... managing director at First Grade Finance Inc said: "The market was just trading sideways most of the day but ended up with an upward bias. Technically, we ...

The continuing mismatch between graduates and labor market needs
Philstar - 2016-07-20
A front page article confirmed this, "The Political and Economic Risk Consultancy (PERC) said educational standards in Southeast Asia rated poorly, while Japan, Singapore and South Korea have the best educational system in Asia. The Philippines landed ...

Bangladesh nears recovery of $81-M stolen funds
Philstar - 2016-07-20
Anti Money Laundering Council executive director Julia Bacay-Abad said on the sidelines of the 100th anniversary celebration of the Philippine National Bank (PNB) a lower court in Manila already granted its petition for civil forfeiture filed last May.

Cusi: PEMC should pursue case vs Aboitiz
BusinessMirror. - 2016-07-20
ENERGY Secretary Alfonso G. Cusi strongly believes that the Philippine Electricity Market Corp. (PEMC) should pursue the case against a subsidiary of Aboitiz Power Corp. for alleged breaches in the Wholesale Electricity Spot Market (WESM). "They should ...

PSEi stays above 8,000
Inquirer - 2016-07-20
Investors picked up shares of SM Investments, BPI, GTCAP, AC, Jollibee, LTG and BDO. But the notable gainers were non-PSEi stocks such as Alterra, which surged 18.65 percent on backdoor-listing rumors, while Puregold and Security Bank both gained more than ...

Govt revives Clark rail project
Manila Standard Today - 2016-07-20
Tugade said the department would finalize the proposal for submission to the National Economic and Development Authority within 90 days ... I was pleased to get an open letter from [Philippine Airlines] chairman Lucio Tan saying he is openly endorsing ...

SM Prime bonds raise P10b
thestandard.com.ph - 2016-07-20
SM Prime Holdings Inc., the largest integrated real ... SM Prime tapped BDO Capital & Investment Corp., BPI Capital Corp., China Bank Capital Corp. and First Metro Investment Corp. as bond underwriters and bookrunners. East West Banking Corp., PNB Capital ...

Lopez stops Nickel Asia shipment from E. Samar
thestandard.com.ph - 2016-07-20
The government stopped the ore shipment of a unit of Nickel Asia Corp. from Manicani Island in Eastern Samar, Environment Secretary Regina Lopez said Wednesday. "We are suspending the retrieving of the stockpiles to address the ecological balance ...

ValueAct May Eye Alliance Data Split to Hike Value
MSN - 2016-07-20
A break up or sale could be in the cards for Alliance ... The company has committed to repurchase $700 million in stock in fiscal 2016, with the possibility that it will expand that amount if opportunities arise. In January 2008, private equity shop ...

Aboitiz Construction finishes P590-million projects in H1
BusinessMirror. - 2016-07-20
ABOITIZ Construction Group Inc., a unit of publicly listed Aboitiz Equity Ventures Inc., said it was able to complete P590 million worth of projects during the first half of the year, mainly for its sister company. The company said it was able to complete ...

Lopez stops HMC from retrieving nickel ore from East Samar island
BusinessMirror. - 2016-07-20
She claimed she was told the ores are being shipped out to China by HMC, a subsidiary of Nickel Asia Corp. (NAC). NAC is one of the biggest nickel producers in the country. "In our audit, they are taking too much soil. They are taking the soil out and it ...

PLDT plans to close 2017 with 10 operating data centers
BusinessMirror. - 2016-07-20
THE largest telecommunications provider in the Philippines will be more aggressive in rolling out data centers nationwide, targeting to end 2017 with almost a dozen facilities with a total capacity of 9,000 racks. Eric R. Alberto, who sits as an EVP at ...

Tugade to formalize Manila-Clark train plan in 90 days
Rappler - 2016-07-20
we will do that by using Philippine National Railways (PNR) alignment or those of the NLEX. One thing I want to do is a standard train," Tugade said. He added that the rail project is being studied by the National Economic and Development Authority ...

Sandiganbayan issues HDO vs Gatchalians, Pichay over anomalous bank deal
interaksyon.com - 2016-07-20
WGI corporate executive Yolanda Dela Cruz; Forum Pacific Inc. (FPI) executives Elvira Ting, Peter Salud, Geronimo Velasco Jr., Rogelio Garcia, Lamberto Mercado Jr., Evelyn dela Rosa, Arthur Ponsaran and Joaquin Obieta; Express Savings Bank Inc. (ESBI ...