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 ...

Birds go where trees thrive
BusinessMirror. - 2016-07-15
The spotted imperial pigeon is said to be endemic or native to the ... Lim of the Department of Environment and Natural Resources Biodiversity Management Bureau (DENR-BMB) said birds, especially waterfowls that travel halfway across the globe, are also ...

National Police, Petron to set up 300 more outposts
BusinessMirror. - 2016-07-15
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 ...

Stock mart tops 8,000; Boulevard, PLDT climb
thestandard.com.ph - 2016-07-15
Advancers outnumbered losers, 111 to 80, while 43 issues were unchanged. Seventeen of the 20 most active stocks ended in the green, led by Boulevard Holdings Inc. which jumped 17.1 percent to P0.102 and Nickel Asia Corp. which climbed 5 percent to P6.08.

Gatchalian posts bail on graft raps
Philippine Daily Inquirer - 2016-07-15
The Gatchalians 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. Pichay was the chair of the LWUA at the time of the transactions. Also indicted were the senator ...

PSEi breaches 8,000 mark
Inquirer - 2016-07-15
There were 111 advancers that edged out 80 decliners while 43 stocks were unchanged. Investors bought shares of Ayala Land, SM Investments, GTCAP, Ayala Corp., Megaworld and Aboitiz Equity Ventures, which all gained more than 1 percent. Ayala Land (up 1.75 ...

Earmarks P491M to buy out minority shareholders
Inquirer - 2016-07-15
PERSONAL care product and food producer Splash Corp. has filed an official petition to voluntarily delist from the Philippine Stock Exchange (PSE), targeting ... mandated local investment house Unicapital Inc. as its financial adviser for the offering.

Splash holding tender offer to speed up delisting
thestandard.com.ph - 2016-07-15
Splash Corp., the personal care products manufacturer of the Hortaleza family, finalized the timetable for the planned delisting of its shares from the Philippine Stock Exchange ... report conducted by Unicapital Inc. Unicapital said the shares of Splash ...

Malaysian e-payments firm links up with RCBC unit
BusinessMirror. - 2016-07-15
The card-servicing unit of Rizal Commercial Banking Corp. (RCBC) signed an agreement with GHL Systems Philippines Inc. (GHL Philippines) to provide faster credit card payment services. RCBC Bankard Services Corp. (RBSC) entered into a transaction payment ...

Australian unit of ICTSI closes $300-million loan with 7 global lenders
BusinessMirror. - 2016-07-15
THE Australian subsidiary of International Container Terminal Service Inc. (ICTSI) has obtained a $300-million syndicated loan with seven leading global-financial institutions. In a disclosure to the stock exchange, Victoria International Container ...

Globe seeks government cooperation for infra buildup
BusinessMirror. - 2016-07-15
GLOBE Telecom Inc. is pushing for stronger cooperation with the government to eradicate red tape to facilitate the speedier construction of telco infrastructure across the country. In the past two years the company allocated 30 percent of its revenue for ...

PEMC seeks SC review of rule junking P235-million fine vs AboitizPower unit
BusinessMirror. - 2016-07-15
THE Philippine Electricity Market Corp. (PEMC) has asked the Supreme Court (SC) to review a court decision that junked its appeal to impose a P235-million fine against a subsidiary of Aboitiz Power Corp. In a disclosure to the stock exchange, AboitizPower ...

What is moving the PSE?
BusinessMirror. - 2016-07-15
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.

Big developers draw bead on boom towns outside MM
Manila Standard Today - 2016-07-15
Megaworld Corp., is putting its trademark live-work-play-learn lifestyle in these burgeoning cities in the VisMin areas. The company is developing huge tracts of land in Cebu, Bacolod and Iloilo; while in Mindanao, it is working on a mammoth Davao project.

PH shares close above 8,000 after positive China growth
Manila Bulletin - 2016-07-15
Some of the most actively traded stocks on Friday were Ayala Land, Inc., SM Prime Holdings, Inc., SM Investments Corp., PLDT Inc., Bank of the Philippine Islands, LT Group, Inc., Universal Robina Corp., and Metropolitan Bank and Trust Co. PSEi rallied past ...

PH shares close above 8,000 after positive China growth
Manila Bulletin - 2016-07-15
Some of the most actively traded stocks on Friday were Ayala Land, Inc., SM Prime Holdings, Inc., SM Investments Corp., PLDT Inc., Bank of the Philippine Islands, LT Group, Inc., Universal Robina Corp., and Metropolitan Bank and Trust Co. PSEi rallied past ...

WATCH | Freddie Aguilar suggests simple solution to Torre de Manila issue
interaksyon.com - 2016-07-15
The NCCA had issued an order calling on DM Consunji Inc. (DMCI) to stop the construction of Torre de Manila, which critics derisively called the "National Photobomber" of Rizal Monument in Luneta Park, Manila, for marring the view of the monument of ...

PSEi rallies to 8,000 mark
Inquirer - 2016-07-15
SM Prime, BPI, URC, Globe and BDO contributed modest gains to the index. Outside of PSEi stocks, notable gainers included BHI (+12.5 percent) and retailer MRSGI (+4.54 percent). On the other hand, LTG lost 1 percent while JG Summit also slipped.

J-pop Anime Singing Contest grand finals on July 23
interaksyon.com - 2016-07-15
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 event ...

PSEi breaches 8,000 level on US, PHL good news
interaksyon.com - 2016-07-15
The benchmark Philippine Stock Exchange index (PSEi) surged 73.92 points or 0.93 percent ... Astro del Castillo, managing director at First Grade Finance Inc., said the United States (US) stock market trading at record highs gave a boost to local equities.

Local vet lauds Pilmico project in Tuguegarao City
news.pia.gov.ph - 2016-07-15
We really need the support of the private sector," he said. Pilmico, a food subsidiary of Aboitiz Equity Ventures, Inc., has awarded 15 families here of two piglets each with one-cycle feed consumption and regular monitoring and supervision from the ...

CANADA STOCKS-TSX extends 11-month high as banks cheered by JPMorgan
MSN - 2016-07-15
The most influential risers included Royal Bank of Canada , the country's biggest bank by market capitalization, which rose 0.7 percent to C$79.82, and Manulife Financial Corp , which advanced 1.2 percent to C$17.73. The overall financial sector group rose ...