Pooled editorial: President and press have common duty
Philippine Daily Inquirer - 2016-06-29
Aside from the Inquirer, Cebu Daily News, The Standard and the Philippine Star, the list of institutions signing the pooled editorial as of 5:10 p.m. Tuesday includes the Philippine Press Institute ... Northern Dispatch, Panguil Bay Monitor, Mindanao ...

iPeople, Inc. Allots P2-B Investment For Davao School
ibtimes.ph - 2016-06-29
iPeople, Inc. (IPO) announced on Tuesday that it will invest P2 billion to build a new Mapua Institute of Technology in Davao City. The new school will be called Malayan Colleges Mindanao. Reynaldo B. Vea, iPeople President, confirmed that the new school ...

Anya Hospitality mulls Palawan expansion
m.bworldonline.com - 2016-06-29
Roxaco and, a wholly owned subsidiary of Roxas and Company, Inc., also counts the Club Punta Fuego and Terrazas de Punta Fuego among its leisure developments.

8990, Megawide team up for Cubao condo project
MSN - 2016-06-28
8990 Housing Development Corp., a subsidiary of listed mass housing developer 8990 Holdings Inc. has signed an agreement with Megawide Construction Corp. for a new condominium project in Quezon City. The company tapped Megawide as general contractor for ...

Del Monte turns around, posts $51.5-M income
MSN - 2016-06-28
"During the past year, we continued to lay the foundation for future growth and this is reflected in the sales and financial performance of Del Monte Pacific in fiscal year 2016," he said. "We drove improvements in our cost structure and better ...

Market declines; First Gen, PLDT fall
thestandard.com.ph - 2016-06-28
Losers beat gainers, 94 to 82, with 57 issues unchanged. Philippine Long Distance Telephone Co., the biggest telecommunications company, dropped 1.4 percent to P2,050, while major builder Ayala Land Inc. declined 1.5 percent to P38.80. GT Capital Holdings ...

'Challenger' Banks Could Be the Real Losers of Brexit
MSN - 2016-06-28
Vernon Hill, the founder of Commerce Bancorp, established Metro Bank in London in 2010 and today, the group has 41 branches and GBP7 billion ($9 billion) of assets. Virgin Money is another challenger. It is backed by British billionaire Richard Branson and ...

Termination of a joint venture: Dissolving the BDO and Generali Group partnership
BusinessMirror. - 2016-06-28
Pursuant to this joint agreement, a second JVA was signed the next day, on March 26, 1999, among BDO Unibank Inc. (BDO), JAB and Generali Group/Assicurazioni Generali S.p.A. (Generali), through Generali Asia N.V. (GANV), creating the Generali Pilipinas ...

Tata Communications to sell African subsidiary Neotel for $428 million
Economic Times - 2016-06-28
Liquid Telecom, majority owned by Econet Wireless Global, entered into an agreement to acquire Neotel, the company ... Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30 per cent equity stake in Neotel ...

SEC: 7 companies still keen on share sale this year
MSN - 2016-06-28
Global Ferronickel Holdings, Inc. (P31.05 billion); LBC Express Holdings, Inc. (P829 million) and Del Monte Pacific Limited ($360 million) likewise have pending requests to hold follow-on offerings. Asked if these companies remain interested in conducting ...

Security Bank lists new shares
Inquirer - 2016-06-28
Dy family-led Security Bank listed Tuesday new shares issued to Japanese banking giant The Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), which infused P36.9 billion in fresh capital to the local bank in exchange for a 20-percent stake. Security Bank listed on ...

30,000 Meralco prepaid meters ready for installation this year
BusinessMirror. - 2016-06-28
"The prepaid-focus will be in Manila, Mandaluyong, Pasig, Makati and few land developers, such as Robinsons Land, SMDC, 8990 and Vista Land," the Meralco official said. Meralco continues to persuade property developers to utilize prepaid-electricity ...

Pryce to pay dividends, sees P900-M net profit
Manila Bulletin - 2016-06-28
Pryce Corporation expects to declare cash dividend by the second half of next year, the first in more than a decade, as it is projecting net income to reach P900 million this year. According to Pryce chairman Salvador Escano, the company will just make ...

Pryce to pay dividends, sees P900-M net profit
Manila Bulletin - 2016-06-28
Pryce Corporation expects to declare cash dividend by the second half of next year, the first in more than a decade, as it is projecting net income to reach P900 million this year. According to Pryce chairman Salvador Escano, the company will just make ...

Miner hits back at NGO with cyber-libel case
BusinessMirror. - 2016-06-28
FOR allegedly spreading malicious information, the Hinatuan Mining Corp. (HMC), an affiliate of Nickel Asia Corp., has filed a criminal complaint against a non-governmental organization (NGO) for cyber libel. While the complaint was filed in September last ...

EDC raising P5 billion for 2016 capex needs
Manila Bulletin - 2016-06-28
A document filed to the Philippine Stock Exchange on Monday showed that the Lopez-led firm had executed a loan agreement with Union Bank of the Philippines for the total amount of P5 billion. Nestor Vasay, EDC chief financial officer, said in a text ...

Security Bank lists 150.7 million shares sold to Japanese lender
BusinessMirror. - 2016-06-28
To date, this equity investment is the largest foreign direct investment in a Philippine financial institution, the company said. "We thank the Bangko Sentral ng Pilipinas and the PSE for their vital support of the Security Bank-BTMU strategic partnership.

Beep cards now accepted as payment in BGC buses
Manila Bulletin - 2016-06-28
Wanting to make beep an all-in-one travel card for Filipinos, AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. providing contactless payment solutions in the country, has ventured with other public transportation ...

Beep cards now accepted as payment in BGC buses
Manila Bulletin - 2016-06-28
Wanting to make beep an all-in-one travel card for Filipinos, AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. providing contactless payment solutions in the country, has ventured with other public transportation ...

Termination of a joint venture: Dissolving the BDO and Generali Group partnership
BusinessMirror - 2016-06-28
Pursuant to this joint agreement, a second JVA was signed the next day, on March 26, 1999, among BDO Unibank Inc. (BDO), JAB and Generali Group/Assicurazioni Generali S.p.A. (Generali), through Generali Asia N.V. (GANV), creating the Generali Pilipinas ...

Menarco leads in building healthiest office tower
BusinessMirror. - 2016-06-28
Tolentino Jr., president/CEO, Aidea Philippines Inc.; Wilson Sy ... square meter has been allocated for a wellness spot for fitness classes, such as yoga and pilates. "Fitness promotes the integration of physical activity into everyday life by providing ...

Globe going big in digital entertainment
Manila Bulletin - 2016-06-28
Globe Telecom has taken the big plunge to develop content ahead of competition by creating shows, videos, and theatrical productions themselves, on top of partnerships with international entertainment companies. The telco recently established Globe Studios ...

Tata Comm to sell Neotel to Liquid Telecom, RBH for Rs 2,903 crore
Economic Times - 2016-06-28
NEW DELHI: Liquid Telecom, a privately owned, pan-African telecoms group, majority owned by Econet Wireless Global on Wednesday said that it ... Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group ...

Singapore Airlines, MasterCard offer priceless rewards
Manila Bulletin - 2016-06-28
Customers may also visit the Singapore Airlines booth at the Travel Madness Expo on July 8-10, 2016 at the SMX Convention Center. KrisFlyer members have the option of using MasterCard credit card or cash in Philippine peso. Big surprise from Singapore ...

Belmonte happy with 'milestone' laws under speakership
Rappler - 2016-06-28
Prior to becoming a legislator, Belmonte served as president of GSIS, the Manila Hotel, and Philippine Airlines. He also became a member of the board of directors of the San Miguel Corporation and the Philippine Long Distance Telephone Company. In ...

Senior executives unsure of co ability to transform: Survey
Economic Times - 2016-06-28
MUMBAI: Transformation may be the order of the day for most businesses across the globe to keep pace with shifting customer behaviour amid disruptive technologies and changing policies, but senior executives in a KPMG survey said they were not confident ...

Cosco, Emperador agree to split local Fundador market
Manila Bulletin - 2016-06-28
In an interview, Cosco president Leonardo Dayao said they have sealed an agreement with Emperador to continue to distribute around 150,000 cases of Fundador every year, adding that this is the amount normally sold by Puregold Price Club and S&R Membership ...

Security Bank lists shares sold to BTMU
Inquirer - 2016-06-28
DY family-led Security Bank listed on Tuesday new shares issued to Japanese banking giant Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), which infused P36.9 billion in fresh capital to the bank through the purchase of a 20-percent stake. Security Bank listed on ...

Tata Comm to sell Neotel to Liquid Telecom, RBH for ZAR6.55 billion
Economic Times - 2016-06-28
Liquid Telecom is partnering with Royal Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30 per cent equity stake in Neotel ... 24,000km of cross-border, metro and access fibre networks.

UP to open campus in Cavite
Philstar - 2016-06-28
MANILA, Philippines - The Villar family and Vista Land and Lifescapes, Inc. donated five hectares of land to the University of the Philippines (UP) as part of the University Town of Vista City. The new UP technology innovation campus will rise in ...

PHL stocks dip on profit-taking as 'Brexit' continues to agitate global financial markets
MSN - 2016-06-27
British Prime Minister David Cameron has also announced his resignation following Brexit. At home, all sector counters declined moderately, led by the Industrials after First Gen, Emperador and Petron took the most hit among the index stocks.

1734 PHL map turned over to Nolcom
BusinessMirror. - 2016-06-27
In Photo: Asian Institute of Journalism and Communication Chairman and Now Corp. CEO Mel V. Velarde (right) presents the first official life-size replica of the famed 1734 Fr. Pedro Murillo-Velarde Map, known as the Carta Hydrograpica y Chorograpica de las ...

EDC borrows P5b from Union Bank
thestandard.com.ph - 2016-06-27
Renewable power producer Energy Development Corp. said Monday it secured a P5-billion loan from Union Bank of the Philippines to support capital expenditures and finance maturing loans this year. "We advise that EDC executed a loan agreement with Union ...

EDC borrows P5b from Union Bank
Manila Standard Today - 2016-06-27
Renewable power producer Energy Development Corp. said Monday it secured a P5-billion loan from Union Bank of the Philippines to support capital expenditures and finance maturing loans this year. "We advise that EDC executed a loan agreement with Union ...

Fuel prices up today
MSN - 2016-06-27
Petron Corp. is expected to make similar price adjustments across fuel products. In separate advisories, Phoenix Petroleum Philippines, PTT Philippines and Eastern Petroleum said they would increase gasoline and diesel prices by 65 centavos per liter and ...

Rains hold off for International Day of Yoga in Manila
Inquirer Lifestyle - 2016-06-27
The event was sponsored by Wipro Philippines, India Tourism, Lulu-Philippines International Exchange Inc., New India Assurance, Tamber Tours & Travels, and Mahindra Philippines, with Ayala Land Inc. as venue partner, MakeitMakati and WheninManila as media ...

IMI appoints new president
Philstar - 2016-06-27
MANILA, Philippines - Ayala ... Micro-Electronics Inc. (IMI), is beefing up its international operations with the appointment of Gilles Bernard as its new president. Bernard has been with the company as global chief operating officer. He will replace ...

Groups count on Lopez to stop coal project
Philippine Daily Inquirer - 2016-06-27
Gokongwei-led JG Summit Holdings Inc. is planning to erect a 600-megawatt coal-fired power plant in Barangay Pinamucan Ibaba in Batangas City. Last week, the city council approved a resolution to issue the locational clearance for the project. In the ...

Manila North Harbour may sue port regulator
thestandard.com.ph - 2016-06-27
Together with a 35-percent held by San Miguel-owned Petron Corp., the conglomerate as a group now controls a 78.33-percent interest in the port terminal company. MNHPI won the 25-year contract to manage, develop and operate the 52-hectare seaport terminal.

Peso weakness seen as temporary
Inquirer - 2016-06-27
"With uncertainty comes the desire for safety and thus the US dollar is king for now," Bank of the Philippine Islands associate economist Nicholas Antonio T. Mapa told the Inquirer. Following the Brexit decision, "financial markets in Asia tracked ...

PH looks for coal outside Indonesia
Manila Standard Today - 2016-06-27
Currently, we can channel all production of one million tons a month locally," Semirara Mining chairman Isidro Consunji said. Aboitiz Power Corp. executive vice president Luis Miguel Aboitiz said the company was still using Indonesian coal.

Stocks bounce back; Ayala Land, BDO up
thestandard.com.ph - 2016-06-27
BDO Unibank Inc., the largest lender in terms of assets, rose 2.8 percent to P110, while Semirara Mining and Power Corp., the biggest coal producer, advanced 5.1 percent to P123. The sterling, meanwhile, plunged two percent in early Asian trading before ...

Smart deploys more long-term evolution cell sites in Davao
thestandard.com.ph - 2016-06-27
The mobile unit of PLDT Inc. said on Monday it has deployed more long-term evolution cell sites using the 700-megahertz spectrum in Davao City ahead of the inauguration of incoming president Rodrigo Duterte on June 30. Smart Communications Inc. said the ...

EDC borrows P5 billion from Union Bank for capex, to repay debts
BusinessMirror. - 2016-06-27
THE Energy Development Corp. (EDC) of the Lopez Group will borrow P5 billion from Union Bank of the Philippines to partly finance its capital expenditure (capex) and repay debts. "We advise the Philippine Stock Exchange [PSE] that the Energy Development ...

Peso pushes past 47 per dollar on continued Brexit fallout
BusinessMirror. - 2016-06-27
Bank of the Philippine Islands (BPI) research officer Nicholas Antonio Mapa said the weaker currency may be traced to the positive vibe on the dollar following the Brexit decision. "Financial markets in Asia tracked the selloff seen on Wall Street with ...

Brexit: Globalization failure
BusinessMirror. - 2016-06-27
The textbook definition of globalization from the Levin Institute at the State University of New York is as follows. "Globalization is a process of interaction and integration among the people, companies and governments of different nations, a process ...

EDC borrows P5 billion from Union Bank for capex, to repay debts
BusinessMirror. - 2016-06-27
THE Energy Development Corp. (EDC) of the Lopez Group will borrow P5 billion from Union Bank of the Philippines to partly finance its capital expenditure (capex) and repay debts. "We advise the Philippine Stock Exchange [PSE] that the Energy Development ...

Incoming administration must continue supporting development of start-ups
BusinessMirror. - 2016-06-27
PLDT Vice President and Head of ICT Research and Development Joey Limjap (from left), Smart Communications Developer evangelist Paul Pajo, PLDT SME Nation Head of Community Partners Francis Oliva, Department of Information and Communications Technology ...

Sun Life aims for 5M clients by 2020
Inquirer - 2016-06-27
This includes the cooperation with 8990 Holdings, Inc., one of the top mass housing developers in the country, for efforts to promote financial literacy. Another initiative is Money for Life, a comprehensive, customizable financial planning program that ...

Buguey goes for DILG hall of fame award on children this year
news.pia.gov.ph - 2016-06-27
BUGUEY, Cagayan, June 26 (PIA) - One more Seal of Child-Friendly Local Governance nod and this town will sure to snatch the Hall of Fame award this year. Mayor Lloyd Antiporda said his town was one of the few awardees nationwide in 2014 when the award ...