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 ...

PSEi bucks regional downturn
Inquirer - 2016-07-08
SM Prime rose by 1.48 percent while ALI, SMIC, PLDT, URC, MPI and Globe also gained. Outside of the PSEi, notable gainers included Now - which rose by 5.98 percent - while Cirtek gained 2.99 percent and Puregold, by 1.24 percent. These stocks all ...

JP Morgan: P25B Cemex IPO warmly received
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 ...

Services disrupted: PLDT cables in QC hit by Globe Telecom digging
Rappler - 2016-07-08
MANILA, Philippines - PLDT Incorporated on Friday, July 8, told its subscribers within the vicinity of Quezon Avenue and Timog Avenue in Quezon City that its services in the area are unavailable after its cables were toppled. In an advisory, PLDT ...

IN PHOTOS: Duterte takes commercial flight to Davao
Rappler - 2016-07-08
Reporters were told he took Philippine Airlines Flight PR1825 at 9 pm on Thursday. He arrived in Davao City at around 11 pm In the photos, Duterte can be seen shaking hands with other PAL passengers in the Ninoy Aquino International Airport Terminal 2.

Mining stakeholders in CAR to prove responsible mining
news.pia.gov.ph - 2016-07-07
During the media forum, the big three mining companies namely Philex Mining Corporation, Lepanto Consolidated Mining Corporation, and Benguet Corporation stressed they are practicing responsible mining and are in fact certified with the International ...

Coal Asia ships fuel to clients
thestandard.com.ph - 2016-07-07
Joseph Nocos, vice president for business development Alsons Consolidated Resources Inc., meanwhile, said the shipment from Coal Asia was not related to the Indonesian ban. Alsons owns a 210-megawatt coal plant project in Maasim, Sarangani. Indonesia wants ...

Oil sector investments hit P49b
thestandard.com.ph - 2016-07-07
The country has two oil refiners including Petron Corp. and Pilipinas Shell Petroleum Corp. with facilities in Bataan and Batangas, respectively. "The said investment would provide a more stable and bigger supply base for the country," it said.

COCKTALES | El Pollo Loco breaks away from US parent over trademark issue
interaksyon.com - 2016-07-07
o Just retired Alphaland president Mario Oreta showed uncanny timing when he disposed 80,000 shares of PhilWeb at the P24-range on June 27, three days before President Duterte sent WEB and other gaming shares into a tailspin with his anti-online gaming ...

Globe Business takes lead in shielding enterprises from cyber-attacks
Manila Bulletin - 2016-07-07
Globe Business, the enterprise information and communications technology (ICT) arm of Globe Telecom, takes the lead in accelerating the adoption of managed security services across Philippine industries. The importance of such services was underscored by ...

2 Pinoys on Forbes Asia list
Global Nation - 2016-07-07
An Octogenarian real estate developer and a veterinarian who helps educate children in the southern Philippines have landed ... His Gateway Property also built a 180-hectare industrial park in Cavite which was the first to have a centralized industrial ...

SEC imposes 15% public float
Manila Standard Today - 2016-07-07
SEC chairperson Teresita Herbosa said in an interview the new requirement for companies planning to list their shares with the Philippine Stock Exchange would be imposed ... Philippine Primark Properties Inc., miner TVI Pacific Inc., brokerage Philstocks ...

More PH mining firms get ISO seal
Inquirer - 2016-07-07
Data from the COMP show that the following mine operators are "fully compliant" to the standard: Benget Corp., Lepanto Consolidated Mining Co. and Philex Mining Co. which operate in the Cordilleras; OceanaGold Philippines Inc. in Cagayan Valley ...

Ayala Corp. lists P10-billion bonds in PDex
BusinessMirror. - 2016-07-07
its property unit Ayala Land Inc. has listed a total of P15 billion, due in 2025 and 2026; SL Agritech Corp., P1 billion worth of short-term commercial paper; and Phoenix Petroleum Corp at P3.5 billion, also a short-term paper.

Ayala plans new acquisitions
thestandard.com.ph - 2016-07-07
Ayala Corp., the oldest conglomerate engaged in property development, telecommunications, water distribution and banking, is bullish on the economy, saying it is looking at possible acquisitions and investments. Ayala chairman Jaime Zobel de Ayala said in ...

Prime Orion gets regulatory approval to accept Ayala Land property investment
BusinessMirror. - 2016-07-07
PROPERTY developer Prime Orion Philippines Inc. said it has secured approvals from the regulators to change parts of its articles of incorporation in order to accept the investment of Ayala Land Inc. The company said it was able to increase the number of ...

Tugade signs MOA with airlines to help maintain Naia
BusinessMirror. - 2016-07-07
Philippine Airport Ground Support Solutions Inc. will handle the Naia Terminal 1, Philippine Airlines for Naia Terminal 2, Cebu Pacific, Naia Terminal 3, and Cebgo and Philippines AirAsia, Terminal 4. Tugade is confident the agreement with the airline ...

Majority of mining firms now compliant with ISO 14001
Manila Bulletin - 2016-07-07
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 ...

Petron, Honda team up for road safety
Manila Standard Today - 2016-07-07
With a common goal to promote road safety and fuel efficiency, Petron Corporation and Honda Cars Philippines Inc. have entered into a partnership to further enhance their promotional efforts and customer relations programs. Honda has committed to support ...

Railways are not the way out of Manila traffic mess - expert
Rappler - 2016-07-07
This would result in less space for cars, as well as the removal of around 2,000 jeepneys plying the road. "A few years back, Ayala Corporation offered to create a BRT system along Ayala Avenue at no cost to the government but was prevented from doing so ...

Phinma sets big plans for energy, education businesses
Philstar - 2016-07-07
MANILA, Philippines - Phinma Corp. is preparing big plans for its energy and education ... Aside from energy and education, the Phinma Group is also into hotels, real estate, consultancy and steel products.

Lacson wants casinos, real estate brokers, arts and car dealers covered by AMLA
interaksyon.com - 2016-07-07
The recent laundering of $81 million stolen from the Bangladesh Bank by hackers saw the funds funneled through a branch of the Rizal Commercial Banking Corporation and to local casinos, which are exempted from AMLA coverage, where the money practically ...

DOTC chief's goal in 100 days: Cleaner toilets, faster WiFi at NAIA
Rappler - 2016-07-07
MANILA, Philippines - On his first week as transportation chief, Arthur Tugade announced his first project: Letting local airlines maintain the 121 toilet facilities at the Ninoy Aquino International Airport (NAIA). Infrastructure in the Philippines ...

PSEi slips below 7,800
Inquirer - 2016-07-07
Investors also picked up stocks outside the PSEi such as Vitarich (+13.4 percent), Puregold (+3.62 percent), Vista Land (+2.2 percent) and Cirtek (+1.16 percent) which all gained in relatively heavy volume.

CEBU expands airline connection to Visayas Region, Philippines
E TN Global Travel Industry News - 2016-07-07
Cebu Pacific further strengthens its presence in the Eastern and Western Visayas regions with the launch of three more routes. Starting November 19, 2016, CEB will launch daily flights between Cebu and Ormoc and Cebu and Roxas; and four times weekly ...

Trial run: LRT1 to extend operating hours for a month
Rappler - 2016-07-07
LRMC is a consortium of Ayala Corporation, Metro Pacific Investments Corporation (MPIC), and the Macquarie group. The consortium's directive: rehabilitate the 20 stations and train cars of the LRT1 in 18 months and start the construction of the P64.9 ...

PAL to revive flights to New Delhi via Bangkok
thestandard.com.ph - 2016-07-06
Philippine Airlines plans to revive flights from Manila to New Delhi via Bangkok, following the success of its triangulated flights from Manila to Osaka and Taipei. "In the future, we will try to study the possibility of operating in other countries ...

Ag giant Cargill to sell 18 retail locations to Agrium
Minneapolis Star Tribune - 2016-07-06
Agribusiness giant Cargill Inc. is selling 18 ... Agrium's retail distribution network has over 1,400 facilities selling fertilizers, herbicides, insecticides, fungicides, seeds and services. The group leader of Cargill's North American agricultural ...

With promise of reforms in bidding process, DOTC projects seen to attract more bidders
BusinessMirror. - 2016-07-06
Megawide Construction Corp. has promised to meet its June 2018 target completion date. Other projects that have ongoing construction and preconstruction activities are the Integrated Transport System South and Southwest facilities.

Mining company allots P3M for PhilHealth Ward at PGH
BusinessMirror. - 2016-07-06
HINATUAN Mining Corp. (HMC), a subsidiary of Nickel Asia Corp. (NAC), the largest producer of nickel in the Philippines, said in a statement it has allocated P3 million to refurbish a ward at the Philippine General Hospital (PGH) in Manila. Jose Bayani ...

Cusi: Exciting time for new energy chief
Philippine Daily Inquirer - 2016-07-06
Various estimates have indicated that the Philippines may have a surplus of power by the end of 2016. Tomas Alcantara, chair and president of Alsons Consolidated Resources Inc., the publicly listed energy arm of the Alcantara group of companies ...

Philippine carriers vow to continue marketing collaboration with DOT
BusinessMirror. - 2016-07-06
In Photo: Candice Iyog (left) of CEB and Tourism Secretary Wanda Teo PIONEERING flag carrier Philippine Airlines (PAL) and Cebu Pacific Airways will continue to cooperate with the Department of Tourism (DOT), led by new Secretary Wanda Corazon Tulfo Teo ...

Traffic mess to persist sans planning overhaul
BusinessMirror. - 2016-07-06
Transportation Secretary Arthur P. Tugade told the BusinessMirror talks are ongoing among the government, Metro Pacific Investments Corp., Ayala Corp., MRT Holdings Corp. and other parties regarding mass-transit issues. Along with better public transport ...

Aboitiz unit expands clean energy portfolio
Inquirer - 2016-07-06
Aboitiz Power Corp. has expanded its portfolio of renewable energy facilities following its recent acquisition of an 8.8-megawatt biomass power plant currently being constructed in Batangas. This took effect after Aboitiz Renewables Inc. (ARI)--the ...

Coal-plant owners unfazed by Lopez
BusinessMirror. - 2016-07-06
DMCI Holdings Inc. President Isidro Consunji said Semirara Mining and Power Corp. and DMCI Power Corp. have secured the necessary permits from the Department of Energy (DOE) and the Department of Environment and Natural Resources (DENR) for their various ...

Mynt sees mobile services boosting financial inclusion
BusinessMirror. - 2016-07-06
THE financial services arm of Globe Telecom Inc. sees the ongoing shift to the digital realm as a unique growth opportunity that will also help plug the gap between the banked and the unbanked. Mynt President John M. Rubio said his company is leveraging on ...

PhilRem executives seek dismissal of money-laundering complaint
BusinessMirror. - 2016-07-06
PhilRem was tapped to deliver allegedly laundered money from the Rizal Commercial Banking Corp. (RCBC) Jupiter Makati branch to local casinos, where the funds subsequently disappeared. In its complaint, the AMLC alleged PhilRem was part of the conspiracy ...

SMC takes full control of MRT 7 project, facility operator for $100 M
Manila Bulletin - 2016-07-06
has acquired full control of the Metro Rail Transit Line 7 (MRT 7) project and its designated facility operator for US$100 million. In a disclosure to the Philippine Stock Exchange, SMC said its wholly-owned subsidiary, San Miguel Holdings Corp. (SMHC ...

DOTC to break common station impasse
Manila Bulletin - 2016-07-06
This week, the Transport Secretary disclosed he has spoken to Metro Pacific Investments Corp. (MPIC) and Ayala Corp. (the joint venture of Light Rail Manila Corp.) plus other parties involved in the dispute over the common station. "I hope I can get the ...

ERC to resolve payment of P232-M power contract
Manila Bulletin - 2016-07-06
The Energy Regulatory Commission (ERC) is set to resolve the application for the monthly mode of payment by Central Negros Electric Cooperative (Ceneco) of its P232-million intermediate load contract with Kepco-SPC Power Corporation (Kepco). Lawyer Leila ...

Transition Professional manager to take over leadership at SM Prime
Manila Bulletin - 2016-07-06
Sy will also stay on as Board Director in other members of the Sy group of companies. He serves as an Adviser to the Board at SM Investments Corporation, Chairman of China Banking Corporation, and Chairman of National University. "He wants to have more ...

New 'On the Job' mini-series: 10 things we know so far
Rappler - 2016-07-06
It was announced that a 6-part mini-series is in the works - a joint production between Hooq, Globe Telecom, and Reality Entertainment, Erik's production outfit with Dondon. Nothing much is set in stone, as the mini-series is still in the writing stage.

KOSC Telecom Selects ADVA FSP 3000 for 100G Connectivity Throughout France
MSN - 2016-07-06
PARIS, July 6, 2016 (GLOBE NEWSWIRE) -- ADVA Optical Networking announced today that KOSC Telecom, France's newest telecommunications service provider, has selected the ADVA FSP 3000 for its nationwide DWDM transport network. The new operator is leveraging ...

Philex, Silangan Mining to Gina Lopez: We are ISO-compliant
Rappler - 2016-07-06
MANILA, Philippines - Philex Mining Corporation and its wholly-owned subsidiary Silangan Mindanao Mining Corporation have a message to the newly-installed environment secretary: "We are ISO-compliant." Environment Secretary Gina Lopez during the turnover ...

Philrem execs deny involvement in $81M laundering
Philippine Daily Inquirer - 2016-07-06
2015 at the Rizal Commercial Banking Corporation (RCBC) branch on Jupiter Street, Makati City. Also, AMLC said the dollar and peso accounts under the name of "William So Go" doing business as Centurytex Trading which were opened February 5, 2016 and ...

CAAP reveals new chief
Manila Bulletin - 2016-07-06
Capt. Antonio Tamayo, former VP for Operations of flag carrier Philippine Airlines who was the flight commander of the Airbus A320 flight PR8010 who brought Pope Francis and his entourage to Tacloban and back to Manila last January 17, 2015, he was also ...

SMC takes full control of MRT-7 project
Manila Bulletin - 2016-07-06
has acquired full control of the Metro Rail Transit Line 7 (MRT 7) project and its designated facility operator for US$100 million. In a disclosure to the Philippine Stock Exchange, SMC said its wholly-owned subsidiary, San Miguel Holdings Corp. (SMHC ...

GT Capital plans to raise P12B to pay bank loans
Rappler - 2016-07-06
MANILA, Philippines - GT Capital Holdings Incorporated plans to start raising P12 billion in September, mainly to pay the bank loans it used to finance its acquisition of an additional stake in Property Company of Friends Incorporated (Pro-Friends ...

AboitizPower makes 1st foray into biomass
m.bworldonline.com - 2016-07-06
ABOITIZ POWER Corp. on Tuesday said it acquired affiliate Aseagas Corp., which is developing an 8.8-megawatt (MW) biomass energy facility in Lian, Batangas, from parent company Aboitiz Equity Ventures (AEV), adding to its portfolio of renewable energy ...

24/7 construction for major projects
Malaya Business Insight - 2016-07-05
DoubleDragon Properties Corp. is also looking at raising another P10 billion via a retail bond offer towards the end of the year to fund its capital expenditures for next... WASHINGTON/KUALA LUMPUR--US prosecutors are trying to seize more than $1 billion ...