WATCH: Activist DAR chief: Luisita distribution hurdles cleared in 30 days
Rappler - 2016-07-11
She often runs out of food to serve on the table. Her family sometimes survives a day on relief goods from advocates who visit their community in Barangay Mapalacsiao in Tarlac City. Her crops, Montemayor said, were recently destroyed and torched by cops ...

Software AG, MDI to accelerate digitalization in the Philippines
interaksyon.com - 2016-07-11
At a roundtable forum with IT journalists to launch the partnership, Stanimira Koleva, chief operating officer, Software AG Asia Pacific & Japan said, "We at Software AG believe that co-innovation ... from banking and financial services to manufacturing ...

Enjoy rewards with CLiQQ!
Manila Bulletin - 2016-07-11
7-Eleven makes visiting the leading convenience store chain more fun with the CLIQQ mobile app. Rebranding its Every Day! Rewards Card to CLiQQ, 7-Eleven takes its loyalty program to a whole new level by offering more exciting rewards for customers through ...

Sandigan upholds dismissal of graft raps vs ex-GSIS chief Garcia
Philippine Daily Inquirer - 2016-07-10
The Sandiganbayan has reaffirmed the dismissal of the graft case against former Government Security Insurance System (GSIS) president Winston Garcia involving an allegedly anomalous eCard project with the Union Bank of the Philippines. In a resolution ...

FMIC boosts Philippine GDP growth forecast in 2016
Rappler - 2016-07-10
MANILA, Philippines - The First Metro Investment Corporation (FMIC), the investment banking arm of Metrobank Group, sees the Philippine economy achieving a faster pace of pf growth at 6.5%-7% this year, as it expects private investments to grow robustly ...

With VW running from diesel, Panasonic may get an electric boost
MSN - 2016-07-10
Panasonic looks to double automotive battery revenue within three years thanks to demand from Tesla and VW.Panasonic is planning to more than double its annual revenue from the sale of automobile batteries within three years. The Japan-based company is one ...

Enjoy rewards with CLiQQ!
Manila Bulletin - 2016-07-10
7-Eleven makes visiting the leading convenience store chain more fun with the CLIQQ mobile app. Rebranding its Every Day! Rewards Card to CLiQQ, 7-Eleven takes its loyalty program to a whole new level by offering more exciting rewards for customers through ...

Anchor Land plans 1,000 hotel rooms in 5 years
thestandard.com.ph - 2016-07-10
Anchor Land Holdings Inc. plans to build a portfolio of 1,000 hotel rooms over the next five years as it bets on the strong growth of the tourism sector, Anchor Land vice chairman Steve Li said the company would build hotels in Boracay, Palawan and Tagaytay.

Market likely to trade sideways
Manila Standard Today - 2016-07-10
Top gainers last week were Metro Retail Stores Group Inc. which climbed 10.4 percent to P4.75, Nickel Asia Corp. which rose 9.9 percent to P5.53 and Puregold Price Club Inc. which went up 5.5 percent to P44.90. Heavy losers included Petron Corp. which ...

Biz Buzz: Costly computer glitch
Inquirer - 2016-07-10
For some strange reason, company insiders say the computer software used to encode daily forex transactions erroneously reported that businessman Antonio Tiu, president and CEO of listed firm AgriNurture Inc., bought $20 million instead of $20,000 in an ...

SM Prime cleared to raise P60b
thestandard.com.ph - 2016-07-10
The Securities and Exchange Commission approved the shelf registration of SM Prime Holdings Inc. to issue P60 billion worth of fixed-rate bonds over a period of three years to finance expansion projects. Shelf registration refers to the filing and ...

Cemex offering oversubscribed
thestandard.com.ph - 2016-07-10
Cemex Holdings Philippines Inc., the cement manufacturing company conducting ... BDO Capital and Investments Corp. president Eduardo Francisco said the international and domestic tranches of the offering were both oversubscribed at the end of the offering ...

Smart investing P1b in public WiFi hotspots
thestandard.com.ph - 2016-07-10
"Over the past months, we have aggressively broadened the Smart WiFi footprint through our key partnerships with government institutions and business establishments, consequently improving internet access and coverage nationwide," said PLDT Inc. and ...

Common station
BusinessMirror. - 2016-07-10
IN September 2009 SM Prime Holdings (SM) and Light Rail Transit Authority (LRTA), entered into a memorandum of agreement (MOA), whereby, in consideration of P200 million, the government agreed to construct the proposed Metro Rail Transit (MRT)-Light Rail ...

Cirtek to ship initial batch of locally made smart antenna to N. America
BusinessMirror. - 2016-07-10
SEMICONDUCTOR firm Cirtek Holdings Philippines Corp. said it has ramped up its smart-antenna production and expects to ship the first 1,000 locally made units within the month. The company said it is manufacturing smart-antenna brands TheMultiServ and ...

Cirtek to ship initial batch of locally made smart antenna to N. America
BusinessMirror. - 2016-07-10
SEMICONDUCTOR firm Cirtek Holdings Philippines Corp. said it has ramped up its smart-antenna production and expects to ship the first 1,000 locally made units within the month. The company said it is manufacturing smart-antenna brands TheMultiServ and ...

Energy firms may be the ideal stocks
Manila Bulletin - 2016-07-10
As an investment guide, the brokerage also put a buy recommendation on the shares of Energy Development Corp. and First Gen Corp., while it advised investors to hold their shares in AboitizPower and Manila Electric Co. Brokerage 2TradeAsia.Com said that ...

Energy firms may be the ideal stocks
Manila Bulletin - 2016-07-10
Online brokerage firm COL Financial Group, Inc. highlighted the power sector in its latest report, specifying that investors must not be worried about the status of energy companies amid the Indonesian coal shipment moratorium. "Indonesia coal shipment ...

EDC, DepEd team up in Leyte greening program
Manila Bulletin - 2016-07-10
Ormoc City -The Leyte Geothermal Business Unit (LGBU) of Energy Development Corporation (EDC) and Department of Education (DepEd) partnered anew in the planting and rehabilitation of endangered prime native tree species in eight schools in Kananga and ...

CCAP to bring in over 150 Fortune 500 firms
Manila Bulletin - 2016-07-10
"The Philippines continues to be the most preferred offshore ... real estate professionals, retailers, financial institutions etc. to understand how they can be part and take advantage of being in this ever growing industry as clients or service providers.

PH AirAsia names Comendador new chief executive
Manila Bulletin - 2016-07-10
Captain Comendador has over 34 years of experience in the aviation industry as officer of Philippine Air Force and commercial pilot for various airlines. He joined Philippines AirAsia in 2011 as Director of Flight Operations and was promoted to Chief ...

PCC, telcos meet to discuss San Miguel telco buyout
Rappler - 2016-07-10
MANILA, Philippines - The Philippine Competition Commission (PCC) on Friday, July 8, met with the representatives of Globe Telecom Incorporated, PLDT Incorporated, and San Miguel Corporation (SMC) to discuss the $1.5-billion buyout of the latter's ...

WEEKEND CHEF | Cook your own Ribeye Steak and plate it, too--Chef AJ Reyes shows you how
interaksyon.com - 2016-07-10
These days, when well-presented food is big deal the world over and the quest for the best dishes is never-ending, San Miguel Pure Foods Culinary Center (SMPFCC) knew it was time to focus its regular media events not just on food but also on how to plate ...

10 Successful Pinoys Who Overcome Poverty. INSPIRING
trendingnewsportal.com - 2016-07-10
As his trading business expanded, he also started Universal Robina Corporation and expanded into other industries, such as flights, malls, etc. He is now the 2nd richest man in the Philippines, after Sy.

Original movie masterpieces on your phones
Manila Bulletin - 2016-07-09
So, where? Take out your phones. Globe Telecom is changing the landscape of Philippine entertainment with the creation of Globe Studios and Globe Live which are designed to produce original shows, live events, and engaging world-class content. This next ...

NGO asks Davao to review port devt project
BusinessMirror. - 2016-07-09
Asian Terminals Inc., International Container Terminal Services Inc., Bollore Africa Logistics, Singapore-based Portek International Pte. Ltd. and San Miguel Corp. were recently prequalified by the transportation department for the Davao Sasa Port project.

PHL Chamber of Mines bares ISO 14001-compliant mining firms
interaksyon.com - 2016-07-09
Semirara Mining and Power Corp. chairman Isidro Consunji said he was "unclear" on the basis of Lopez's claim that its coal operations destroyed 80 percent of mangroves on Semirara Island. "But we would like to assure Secretary Gina Lopez that our ...

PHL Chamber of Mines bares ISO 14001-compliant mining firms
interaksyon.com - 2016-07-09
The companies that are fully compliant are Benguet Corp., Lepanto Consolidated Mining Co., Philex Mining Corp., OceanaGold Philippines Inc., Benguet Corp. Nickel Mines Inc., Eramen Minerals Inc., Rio Tuba Nickel Mines Corp., Filminera Resources Corp ...

Century Pacific sells P2.6 B shares via private placement
Philstar - 2016-07-09
MANILA, Philippines - Century Pacific Group Inc. sold P2.6 billion worth of shares in listed ... CNFP said in a disclosure to the Philippine Stock Exchange (PSE) yesterday. However, CNPF stressed the shares sold during the placement were all owned by ...

Business upbeat about economic team
Inquirer - 2016-07-09
But even big business is optimistic about the economic managers of the Duterte administration. Perry Pe, Management Association of the Philippines (MAP) president, said he was especially hopeful about the cohesive policies that would be pushed forward by ...

Robredo's goal: 1.4-M housing backlog, less steps to decent home
Rappler - 2016-07-09
MANILA, Philippines - A day after she was named housing chief ... It is composed of 5 key housing agencies: National Housing Authority (NHA) National Home Mortgage Finance Corporation (NHMFC) Social Housing Finance Corporation (SHFC) Home Guaranty ...

Vega Telecoms makes tender offer for Liberty Telecoms shares
BusinessWorld Online - 2016-07-08
In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Liberty Telecoms announced the tender offer pursuant to its planned voluntary delisting on the bourse. In a letter to shareholders which was published in a newspaper, Vega Telecom noted that ...

Market up; Bloomberry rises
thestandard.com.ph - 2016-07-08
Advancers outnumbered losers, 104 to 86, while 40 issues were unchanged. Thirteen of the 20 most active stocks ended in the green, led by Now Corp. which climbed 6 percent to P3.90 and Bloomberry Resorts Corp. which rose 3 percent to P6.78. Meanwhile ...

Century sells shares
thestandard.com.ph - 2016-07-08
Canned food producer Century Pacific Food Inc. said Friday its parent company sold P2.6 billion worth of shares through an overnight placement, boosting its public float to 21 percent. Century Pacific said in a disclosure to the stock exchange parent ...

Repair of cut PLDT wires ongoing
Inquirer - 2016-07-08
THE PHILIPPINE Long Distance Telephone (PLDT) Co. apologized on Friday to affected customers in Quezon City after a Globe Telecom contractor accidentally cut its fiber optic cables serving Quezon and Timog Avenues. According to PLDT, voice and data ...

President Duterte shuns VIP treatment at NAIA as he returns to Davao City
Manila Bulletin - 2016-07-08
Duterte returned to his home in Davao City on board a commercial flight of the Philippine Airlines (PAL) on Thursday night. Based on a photo posted by the Presidential Communications Office, Duterte sat on the window side of a three-seat row in the economy ...

Air Asia PH unit searches for CEO
Inquirer - 2016-07-08
amid tough competition with larger domestic rivals like Philippine Airlines and Cebu Pacific Air. Air Asia Philippines, which has about 10 percent of the local market, announced Friday that chief operating officer Captain Dexter Comendador would be ...

Cement firm IPO attracts serious investor interest
Inquirer - 2016-07-08
The Cemex IPO is the largest seen in the Philippine Stock Exchange in three years, 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 ...

Conrad Manila to set benchmark for luxury accommodation in metro
Inquirer - 2016-07-08
... Corp., a subsidiary of SM Investment Corp. and managed by Hilton Worldwide, the 347-room Conrad Manila is located at the forefront of the Mall of Asia complex, in the heart of the 42-hectare Bay City development, a destination earmarked as a shopping ...

Market up; Bloomberry rises
thestandard.com.ph - 2016-07-08
Thirteen of the 20 most active stocks ended in the green, led by Now Corp. which climbed 6 percent to P3.90 and Bloomberry Resorts Corp. which rose 3 percent to P6.78. Meanwhile, most Asian markets traded lower. The June non-farm payrolls figures from ...

BPI wraps up transition to EMV-enabled technology
BusinessMirror. - 2016-07-08
The Bank of the Philippine Islands (BPI) has completed the migration of its credit-card operations from the old reliable magnetic strip technology to the chip-enabled cards under the Europay MasterCard Visa (EMV) emblem, as mandated by the monetary ...

Century Pacific raises P2.6 billion after parent firm sells shares at discount
BusinessMirror. - 2016-07-08
CANNED-FOOD manufacturer Century Pacific Food Inc. (CNPF) said it raised P2.6 billion in secondary-equity placement after its parent firm sold some of its holdings. The company said its parent Century Pacific Group Inc. (CPGI) sold 5 percent of its ...

Cebu, queen city of the Philippines
BusinessMirror. - 2016-07-08
Ayala Corp. and Cebu Property developed the Cebu Park District, where you will find both Cebu Business Park and Cebu IT Park, which host the regional headquarters for various companies in the banking, finance, IT and tourism sectors. The real-estate ...

Watch the PSE
BusinessMirror. - 2016-07-08
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.

Duterte goes home to Davao despite reported ISIS threat
Manila Bulletin - 2016-07-08
Duterte on Thursday took an ordinary commercial flight back to his hometown for the Hariraya festival. The president boarded Philippine Airlines (PAL) flight PR1825 that departed Manila 9 p.m. and arrived in Davao approximately 10:45 p.m. Photos released ...

Ayala's P10-B bond listing seen to usher in more confidence in business
interaksyon.com - 2016-07-08
MANILA - Ayala Corporation opened the corporate debt market under the Duterte administration with the listing of P10 billion worth of 3.92 percent 7-year bonds Thursday. "We're particularly delighted that it's the first bond offering under the new Duterte ...

Ayala's P10-B bond listing seen to usher in more confidence in business
interaksyon.com - 2016-07-08
MANILA - Ayala Corporation opened the corporate debt market under the Duterte administration with the listing of P10 billion worth of 3.92 percent 7-year bonds Thursday. "We're particularly delighted that it's the first bond offering under the new Duterte ...

Po family sells 5% stake in Century Pacific for P2.6B
Inquirer - 2016-07-08
In a disclosure to the Philippine Stock Exchange on Friday, CNPF said its parent company, Century Pacific Group Inc. (CPGI) agreed to sell 118 million shares of CNPF at a price of P22 per share. The sale was conducted via an accelerated overnight equity ...

Cebu to stage biggest Cobra Ironman
Philstar - 2016-07-08
The event, backed by Ford as presenting sponsor, Globe as official wireless and broadband services partner, Philippine Airlines, Summit Water, Department of Tourism, Tourism Promotions Board, 2Go Express (official courier and logistics partner), Asics ...

BUTCHOY UPDATE | NAIA cancels 6 flights, 7 diverted to Clark
interaksyon.com - 2016-07-08
Ding Aranas, Clark airport terminal manager said Philippine Airlines flight 321 from Davao and Cebu Pacific flight 319 from Cebu were the first to arrive there at 6 a.m. after international and domestic flights were suspended at the Ninoy Aquino ...