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 ...

PSEi closes at new high for 2016 on corporate earnings
interaksyon.com - 2016-07-20
The local stock barometer Philippine Stock Exchange index (PSEi) advanced 15.96 points to ... within the next 10 days," said First Grade Finance Inc. managing director Astro del Castillo in an interview. Del Castillo said any positive new developments ...

PSEi hits new high for 2016
Inquirer - 2016-07-20
The notable gainers were non-PSEi stocks, such as Alterra, which surged by 18.65 percent on backdoor-listing rumors while Puregold and Security Bank both gained over 3 percent. On the other hand, telecom stocks PLDT and Globe both declined by over 1 percent.

DENR chief stops Hinatuan Mining from transporting nickel ore stockpile
interaksyon.com - 2016-07-20
MANILA, Philippines -- Department of Environment and Natural Resources (DENR) Secretary Regina Paz Lopez has ordered the Hinatuan Mining Corp. (HMC), an affiliate of Nickel Asia Corp. (NAC), to stop the removal and loading of the mining wastes from ...

Gatchalians barred from travel amid anomalous bank buyout case
Philippine Daily Inquirer - 2016-07-20
He has yet to post bail. The insolvent bank Express Savings Bank Inc., (Esbi), a local thrift bank based in Laguna owned by the Gatchalian family, is co-owned by the Wellex Group Inc. (WGI) and Forum Pacific Inc. (FPI). Weslie Gatchalian, who succeeded ...

Gatchalians barred from travel amid anomalous bank buyout case
Philippine Daily Inquirer - 2016-07-20
He has yet to post bail. The insolvent bank Express Savings Bank Inc., (Esbi), a local thrift bank based in Laguna owned by the Gatchalian family, is co-owned by the Wellex Group Inc. (WGI) and Forum Pacific Inc. (FPI). Weslie Gatchalian, who succeeded ...

Kazuo Okada eyes resorts, golf courses in the Philippines
Rappler - 2016-07-20
MANILA, Philippines - Other than investing $2.4 billion to develop ... will open in Entertainment City after Bloomberry Resorts' Solaire Resort & Casino and Melco Crown's City of Dreams. Okada Manila's gaming facility will be spread across 25,000 square ...

Sandiganbayan issues hold departure order vs Gatchalians, Pichay
Philstar - 2016-07-20
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) executives George Chua, Gregorio Ipong ...

Hyundai Asia vehicles saw a 53% growth in H1
BusinessMirror. - 2016-07-19
HYUNDAI Asia Resources Inc. (Hari), the official distributor of Hyundai vehicles in the Philippines, saw a 53-percent growth in the first half of 2016. In a statement, Hari reported a retail-sales figure of 16,362 units for the first half of 2016, compared ...

Economic blueprint brings cheer to investors
Inquirer - 2016-07-19
"The sentiment is very positive," First Metro Investments Corp. advisory and trust group head Bede Lovell ... Asian markets fell between March and May this year owing to a weak global economy. The exceptions were China and the Philippines, "where ...

New Alveo tower in Circuit
Inquirer - 2016-07-19
A unit of property giant Ayala Land Inc. Tuesday unveiled a new high-rise residential tower in Circuit Makati, which is being groomed as an urban lifestyle playground, bringing P3.9 billion worth of inventory targeting young urban professionals.

Biz Buzz: Extended perks
Inquirer - 2016-07-19
Note that most other gaming peers in the local market like Bloomberry Resort and Melco Crown likewise took the backdoor route to gain access to the local capital market. Travellers International Hotel Group, the pioneer in the integrated gaming resort ...

More listed firms going into renewable energy
Inquirer - 2016-07-19
Stocks to watch Azurin said, for investors who wanted to study the clean energy and RE trend, these would be some stocks to watch: Alsons Consolidated Resources Inc. (ACR) has a pipeline of coal and hydroelectric power projects that include the second ...

Coal-fired power plants definitely not out
BusinessMirror. - 2016-07-19
Just recently, Aboitiz Power Corp. stressed the need for a balanced mix of power--including coal--to ensure reliable and affordable power supply. "Recently, there has been a lot of discussion about coal and whether we should be building additional coal ...

Cesar Montano, Richard Poon share ordeal during NAIA runway closure
Rappler - 2016-07-19
In a Facebook video, Cesar narrated the situation of passengers of a Philippine Airlines flight from General Santos City, which was diverted to Clark International Airport. According to Cesar, some of the passengers were getting hungry and that they were ...

Globe: DICT order to ease permit process to help telcos in infrastructure buildup
BusinessMirror. - 2016-07-19
THE executive order proposed by the communications chief to rationalize the permitting process for telco infrastructure will help industry players in their billion-peso plans for network build-up. Globe Telecom Inc. General Counsel Froilan Castelo said the ...

PLDT, Intel partner to boost growth of MSMEs in digital space
BusinessMirror. - 2016-07-19
TELECOMMUNICATIONS behemoth PLDT Inc. and tech titan Intel Philippines have struck a partnership agreement that aims to drive the development of micro, small and medium enterprises (MSMEs) in the growing Philippine digital space. The collaboration, which ...

Alveo unveils P3.9-B condominium tower in Circuit, Makati
Manila Bulletin - 2016-07-19
Alveo Land, the upper middle segment unit of Ayala Land, Inc., is launching its third residential tower in Circuit Makati -- the P3.9-billion Callisto -- as part of plans to launch one tower a year in the district over the next 20 years. A 21-hectare ...

The illustrious roots of National Life Insurance Company
BusinessMirror. - 2016-07-19
(sociedad comanditaria por acciones), which was established on January 20, 1920, with the purpose of acquiring Hacienda de Mandaloyon, which was part of the estate of ... Finance Corp. (later the Development Bank of the Philippines) to meet the financial ...

Why millennials still prefer Makati
BusinessMirror. - 2016-07-19
Millennials will find Makati a food haven According to property heavyweight Megaworld Corp., one of the reasons Makati is still the most popular place to be, is because it features an extremely diverse landscape, filled with seemingly endless opportunities ...

Reaching for the skies by going green
BusinessMirror. - 2016-07-19
The Grand Midori is just one of the emerging green residences in Metro Manila. Federal Land Condominiums Green lifestyle is a choice According to DMCI Homes Leasing, the Philippines has experienced a spike in "vertical residential" seekers in recent ...

Planbank Meycauayan opens July 22
BusinessMirror. - 2016-07-19
Planbank, the largest rural bank in the province of Laguna, with two branches in Bulacan, will open a new branch in the City of Meycauayan on Friday in simple ceremonies at its location on 0018 Parrian, Barangay Poblacion, Meycauayan, Bulacan. The blessing ...