Lender transition to EMV technology still on schedule
BusinessMirror. - 2016-07-18
The BSP mandated all the banks in the country to upgrade by January 2017. In June, Security Bank agreed to sell to rival BDO Unibank Inc. the exclusive rights of its credit-card subsidiary SB Cards Corp., which is the sole issuer and acquirer of Diners ...

Federalism to boost agriculture development
BusinessMirror. - 2016-07-18
"This setup will lead to genuine industrial and agricultural growth because LGUs would have more power in managing their funds and resources, instead of merely waiting for so-called Imperial Manila to give the go-signal on how to spend their share of gov ...

Emergency closure of NAIA runway brings cancelled flights
Rappler - 2016-07-18
rebook their flights for travel within 30 days from original departure date opt for full refund or travel fund Philippine Airlines also released an advisory asking passengers to call the PAL reservations trunkline (885-8888) to check on the status of their ...

Ayala Land cites BPO firms for continued high demand for office leasing nationwide
BusinessMirror. - 2016-07-18
PROPERTY developer Ayala Land Inc. said its office leasing space will reach 825,000 square meters by the end of the year, thanks to the expanding business-process outsourcing (BPO) sector. "The higher occupancy we experienced last year will continue ...

ERC okays Aseagas Lian biomass plant connection to Luzon grid
BusinessMirror. - 2016-07-18
Earlier, Aboitiz Equity Ventures Inc., the investment holding firm of the Aboitiz Group, said its board approved the sale of all of its equity interests in Aseagas to Aboitiz Renewables Inc., a wholly owned subsidiary of Aboitiz Power Corp. which houses ...

MVP ready to spend $524M to develop MRT 3
BusinessMirror. - 2016-07-18
THE fate of the $524-million unsolicited proposal of infrastructure giant Metro Pacific Investments Corp. for the Metro Rail Transit (MRT) Line 3 now rests in the hands of the current transport leaders. The head honcho bigwig of the listed conglomerate can ...

10 flights diverted to Clark due to traffic congestion - MIAA
Manila Bulletin - 2016-07-18
Philippine Airlines flights PR 659 from Jeddah, Saudi Arabia PR 454 from General Santos City PAL Express 2P 2080 from Osamiz and 2P 2890 from Catarman Four Cebu Pacific flights -- 5J-964 from Davao; 5J-786 from Butuan; 5J-111 from Hong Kong and 5J-568 ...

PSEi slips below 8,000
Inquirer - 2016-07-18
On the other hand, URC, MPI, BDO and AEV chalked up modest gains. Outside the PSEi, Nickel Asia (+1.81 percent) was a notable gainer alongside Cirtek (+0.48 percent) and RRHI (+0.17 percent) which inched up in relatively heavy volume.

SNAP conducts info drive on dam operations , integrity to host communities
news.pia.gov.ph - 2016-07-18
SN Aboitiz Power-Benguet, the National Power Corporation (NPC), and the Power Sector Assets and Liabilities Management Corporation (PSALM) conducted the annual public information drive on the Ambuklao and Binga Dams and Reservoir operations. It was ...

Cemex rises on stock trading debut
Inquirer - 2016-07-18
The Cemex IPO is the third largest seen in the PSE, next to the P28.11 billion offering of Gokongwei-led retailer Robinsons Retail Holdings Inc. in 2013 and the P26.25 billion offering of Sy family-led conglomerate SM Investments Corp. in 2005. The cement ...

Naia repairs force 8 planes to divert to Clark
Philippine Daily Inquirer - 2016-07-18
Diverted to CRK were Air Philippines flight 2080 from Catarman, Air Philippine flight 2890 from Ozamis, Philippine Airlines flight from Dubai, two Zest Air flight from Cebu, Cebu Pacific from Davao, Cebu Pacific from Butuan and Philippine Airlines flight ...

Ionics EMS names former DOST Usec new prexy
Inquirer - 2016-07-18
ELECTRONICS manufacturer Ionics EMS Inc. has named former Department of Science and Technology (DOST) Undersecretary Jay Sabido as its new president and chief ... in Electrical Engineering from the University of the Philippines. He also holds Master ...

IMF backs reforms in PH after Bangladesh Bank heist
Inquirer - 2016-07-18
However, a total of five transactions worth $81 million were consummated through fictitious accounts at the Jupiter branch of Rizal Commercial Banking Corporation or RCBC in Makati City allegedly facilitated by branch manager Maia Santos-Deguito and ...

Phil. Seven nets P472M
Inquirer - 2016-07-18
The local licensee of 7-Eleven convenience stores ended June with 1,740 stores, rising by 23.8 percent year-on-year. Of the total network, the biggest number is still in Luzon at 1,474 while 203 stores are in Visayas and 63 in Mindanao. Franchisees control ...

Cemex Philippines debuts on Manila bourse, opens 4.2 pct above IPO
Manila Bulletin - 2016-07-18
"Given the fact valuations are once again elevated, there is an incentive for companies to raise capital," April Lee-Tan, head of research of COL Financial Group, told Reuters. Several IPOs had been put on hold due to market volatility. IPOs in the ...

Ten startups bag equity-free funding from IdeaSpace Foundation
interaksyon.com - 2016-07-18
MANILA -- Ten local startups have secured P1 million in funding from the IdeaSpace Foundation, the first batch to receive equity-free financing since the incubator and accelerator unit of the PLDT group started the competition four years ago. Here are the ...

Come And Enjoy A J-Pop Musical Treat At The 2016 J-Pop Anime Singing Contest Grand Finals!
mindanaotimes.net - 2016-07-18
Lyceum of the Philippines University, Manila, Nihongo Center Foundation, Panasonic Philippines Corporation, SM Cinema, SM Mall of Asia, Sony Philippines, Toei Animation Philippines, Inc., Yakult Philippines, and Yoshinoya. For inquiries regarding the ...

PCCI to telcos: Let PCC do its job
Philstar - 2016-07-18
MANILA, Philippines - Let the anti-trust body do its job. That was the message of the Philippine Chamber of Commerce and Industry (PCCI) to PLDT Inc. and Globe Telecom following the separate lawsuits filed by the two industry giants seeking to stop the ...

ALI to expand office portfolio
Inquirer - 2016-07-18
PROPERTY giant Ayala Land Inc. has committed to scale up its office property portfolio in the coming years to cover sustained demand from the business process outsourcing (BPO) industry, seeking to transform more than 6,000 hectares of property nationwide ...

NMFFWC 23rd regional convention promotes welfare of workers
news.pia.gov.ph - 2016-07-18
NMFFWC Chairperson Florita B. Quijano (Mabuhay Vinyl Corporation) formally opened the Convention and subsequently welcomed the participants and delegates to the Convention. Among the resource persons invited for the learning session were Misamis Oriental ...

NMFFWC 23rd regional convention promotes welfare of workers
news.pia.gov.ph - 2016-07-18
NMFFWC Chairperson Florita B. Quijano (Mabuhay Vinyl Corporation) formally opened the Convention and subsequently welcomed the participants and delegates to the Convention. Among the resource persons invited for the learning session were Misamis Oriental ...

CA rejects ABS-CBN claim vs estate of Marcos crony
BusinessMirror. - 2016-07-17
THE Court of Appeals (CA) has affirmed the order issued by the Regional Trial Court (RTC) in Manila denying the claim of television giant ABS-CBN Broadcasting Corp. against the estate of the ... Benedicto operated Radio Philippine Network (RPN) 9 using ...

Fitch Ratings upgrades issuer default ratings of 4 PHL banks
MSN - 2016-07-17
Ratings of China Banking Corporation (Chinabank), Philippine National Bank (PNB), Rizal Commercial Banking Corporation (RCBC), and Security Bank Corporation (Security Bank) were upped from â BBâ to â BB+â , with Stable outlook. In a ...

CA junks ABS-CBN appeal vs Benedicto estate
Rappler - 2016-07-17
MANILA, Philippines - Broadcast giant ABS-CBN Corporation again lost in its case against the estate of the late Roberto Benedicto, a crony of former dictator Ferdinand Marcos. The Court of Appeals (CA) junked ABS-CBN's appeal and upheld an earlier ruling ...

7-Eleven PHL Q2 net income up 19% at P290M
MSN - 2016-07-17
DOF moves to lower personal income tax, expand VAT base

Cirtek Holdings ups antenna production
thestandard.com.ph - 2016-07-17
Technology company Cirtek Holdings Philippines Corp. ramped up smart antenna production that is expected to bring in $45 million in sales by 2017. Cirtek said it expected to ship the first 1,000 units in the next few days. The MultiServ and soon to be ...

COCKTALES | From wearing tax dodger tag, he's now excess taxpayer to tune of P633M
interaksyon.com - 2016-07-17
Recently retired RCBC president Lorenzo Tan has accepted an offer from PhilRealty heir, chief operating officer and chief strategist Gerardo Domenico Lanuza, to join the listed developer's board as independent director.

ALI sees sustained demand for office space
Philstar - 2016-07-17
MANILA, Philippines - Property giant Ayala Land Inc. sees strong demand for office space in the Philippines to continue in the coming years on the back of a booming business process outsourcing (BPO) industry. ALI is targeting to put up 825,000 square ...

Cemex lists shares Monday
Inquirer - 2016-07-17
CEMEX Holdings Philippines Inc., which will debut on the Philippine Stock Exchange today, has exercised its option to issue more shares, bringing the final initial public offering (IPO) deal to the maximum size of P25.1 billion. About 75 percent of the IPO ...

Tugade open to unsolicited proposals for new airport
Rappler - 2016-07-17
Asked if San Miguel Corporation president Ramon Ang has presented to the transportation chief his proposed $10-billion airport in Metro Manila, Tugade replied: "Napagusapan namin (We've talked about it)." In a Philippine Stock Exchange disclosure in May ...

PLDT, Smart to bolster wireless data connectivity in major transport hubs
Manila Bulletin - 2016-07-17
PLDT and Smart Communications have signed a landmark agreement with the Philippine government through the Department of Transportation to strengthen data connectivity with the installation of Smart Wifi in major airports, seaports, and bus terminals all ...

San Miguel unit sale requires PSALM nod
thestandard.com.ph - 2016-07-17
San Miguel confirmed it was in talks with Meralco "for a possible investment of up to the extent of 49 percent by Meralco in South Premiere." The conglomerate said in a disclosure to the stock exchange the sale was subject to the resolution of the ...

Ayala Land cites BPO firms for continued high demand for office leasing nationwide
BusinessMirror. - 2016-07-17
PROPERTY developer Ayala Land Inc. said its office leasing space will reach 825,000 square meters by the end of the year, thanks to the expanding business-process outsourcing (BPO) sector. "The higher occupancy we experienced last year will continue ...

Lender transition to EMV technology still on schedule
BusinessMirror. - 2016-07-17
The BSP mandated all the banks in the country to upgrade by January 2017. In June, Security Bank agreed to sell to rival BDO Unibank Inc. the exclusive rights of its credit-card subsidiary SB Cards Corp., which is the sole issuer and acquirer of Diners ...

ERC okays Aseagas Lian biomass plant connection to Luzon grid
BusinessMirror. - 2016-07-17
Earlier, Aboitiz Equity Ventures Inc., the investment holding firm of the Aboitiz Group, said its board approved the sale of all of its equity interests in Aseagas to Aboitiz Renewables Inc., a wholly owned subsidiary of Aboitiz Power Corp. which houses ...

MVP ready to spend $524M to develop MRT 3
BusinessMirror. - 2016-07-17
THE fate of the $524-million unsolicited proposal of infrastructure giant Metro Pacific Investments Corp. for the Metro Rail Transit (MRT) Line 3 now rests in the hands of the current transport leaders. The head honcho bigwig of the listed conglomerate can ...

Clark, Pampanga: An ideal home for foreigners
BusinessMirror. - 2016-07-17
To address this, Donggwang Clark Corp. (DCC) developed private residential villas within the Clark Sunvalley Resort--an integrated tourism resort estate providing a unique leisure experience in the Philippines. Here, one can get the perfect balance of ...

Filipino jins bag seven medals in Korea Open tilt
BusinessMirror. - 2016-07-17
In Photo: the PLDT/MVP Sports Foundation medalists at the recent 2016 Korea Open International Taekwondo Championships. Vero ica Garces (standing, from left) Raymundo Alombro III, Alvaro Joaquin Aranton, John Shadrack Tan and Florence Mae Chavez. (

Nasugbu has sustainable ecotourism, successful livelihood projects
BusinessMirror. - 2016-07-17
SM Land Inc. has developed Pico de Loro ... Technical Education and Skills Development Authority, and Manila South Coast Development Corp. and Costa del Hamilo Inc., the training has benefited 26 participants. The 50-day hands-on, technical training ...

Prefer low valuation, high dividend yield stocks
Manila Bulletin - 2016-07-17
Ulang said companies that give good dividends are Manila Electric Co., Semirara Mining and Power Corp., Aboitiz Power Corp., and Aboitiz Equity Venture, Inc. For those with low valuations such as Metropolitan Bank and Trust Company (Metrobank) are still co ...

Environment groups call on Duterte to end coal projects
Rappler - 2016-07-17
MANILA, Philippines - Climate advocates are asking the Duterte administration to ban new coal-fired power projects and instead prioritize the national energy policy review that was launched by the Climate Change Commission (CCC) last month. Member groups ...

Nasugbu has sustainable ecotourism, successful livelihood projects
BusinessMirror. - 2016-07-16
SM Land Inc. has developed Pico de Loro ... Technical Education and Skills Development Authority, and Manila South Coast Development Corp. and Costa del Hamilo Inc., the training has benefited 26 participants. The 50-day hands-on, technical training ...

I-Remit expands presence in Singapore
thestandard.com.ph - 2016-07-16
I-Remit Inc. said it continues to operate in Singapore after a wholly-owned subsidiary took over the remittance business of I-Remit Singapore Pte. Ltd. The publicly listed remittance company said wholly-owned subsidiary I-Remittance Singapore Pte Ltd ...

I-Remit expands presence in Singapore
Manila Standard Today - 2016-07-16
I-Remit Inc. said it continues to operate in Singapore after a wholly-owned subsidiary took over the remittance business of I-Remit Singapore Pte. Ltd. The publicly listed remittance company said wholly-owned subsidiary I-Remittance Singapore Pte Ltd ...

I-Remit expands presence in Singapore
thestandard.com.ph - 2016-07-16
I-Remit Inc. said it continues to operate in Singapore after a wholly-owned subsidiary took over the remittance business of I-Remit Singapore Pte. Ltd. The publicly listed remittance company said wholly-owned subsidiary I-Remittance Singapore Pte Ltd ...

Man accused in loss of funds for poor held
Philippine Daily Inquirer - 2016-07-16
The suspect was arrested on Friday in the island town of Rapu-Rapu in Albay province ... Confederation of Cooperatives (Natcco), the authorized conduit of the Land Bank of the Philippines, the depository bank of funds for the CCT program.

Mother is Tibay Hero inspiration
thestandard.com.ph - 2016-07-16
Rotary Club of Valenzuela former President Robert Nelson and Palafox Architecture Managing Partner and Senior Urban Planner Karmi Palafox Delia often juggles multiple jobs to make ends meet--she tended a sari-sari store and a small canteen, and ...

National Police, Petron to set up 300 more outposts
BusinessMirror. - 2016-07-16
PETRON Corp. and the National Police (PNP) partnered anew to establish 300 additional Lakbay Ligtas police outposts in selected Petron stations nationwide. In a memorandum of agreement (MOA), both agreed to deploy 210 additional outposts in Luzon and 90 ...

ALI bags Most Honored Company award
Philstar - 2016-07-16
MANILA, Philippines - Ayala Land Inc. (ALI) was recognized as a Most Honored Company by New York-based Institutional Investor in its 2016 All-Asia Executive Team survey, as it ranked among the top in a list of over 1,500 Asian companies cited for corporate ...

Oil Rig Count Up by 6 Last Week, Hedge Funds Turn Long on Crude, Distillates
MSN - 2016-07-15
West Texas Intermediate (WTI) crude oil for August delivery traded up about 1.3% on Friday to settle at $46.28, up nearly 2% for the week, after posting a weekly high of $46.93 on Tuesday. The U.S. Energy Information Administration (EIA) reported last ...