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 ...

Smart activates four more 700 MHz cell sites in Davao
Manila Bulletin - 2016-06-27
The newest cell sites are located in Barangay Ma-a near DBP Village, along San Pedro Street near Osmeña Park, at the PLDT building along Ponciano Reyes St. and at Kilometer 4, near the Davao City Golf Club. The first batch of cellsites are in Tanay ...

Peso weakens to P47 vs US dollar on Brexit
Manila Bulletin - 2016-06-27
At the moment this appears to be a knee-jerk reaction still on Brexit," Jonathan Ravelas, chief strategist of Sy-led Banco de Oro Unibank Inc. (BDO) told PNA in a text message. The local currency opened the week at 47.05, PHP0.45 weaker than its 46.60 ...

Venture capitalist eyes increased business in PH
Inquirer - 2016-06-27
In 2014, TPG was also one of the cornerstone investors that supported the stock market debut of housing developer 8990 Holdings. The TPG executive, who is part of the Southeast Asian team, said TPG favored financial services, healthcare, consumer retail ...

Geeks on a Beach 4 set in Panglao for August 2016
Rappler - 2016-06-27
including the formulation of the Philippine startup roadmap which is now being pursued by the government and the community paving the way for local startups to achieve success. Earlier this year, the Department of Trade and Industry (DTI) also launched ...

Singapore Airlines plane catches fire after emergency landing
Rappler - 2016-06-27
MANILA, Philippines - A Singapore Airlines plane caught fire at Singapore's Changi Airport Monday, June 27, after making an emergency landing, local media reported. The plane, which left Changi at past 2 am Monday, arrived back at 6:45 am, and the plane ...

PNB Capital gets additional P500 M
Philstar - 2016-06-27
MANILA, Philippines - Lucio Tan-led Philippine National Bank (PNB) is pumping in P500 million in fresh equity to its investment banking and financial advisory arm. PNB corporate secretary Maila Katrina Ilarde informed the Philippine Stock Exchange (PSE ...

Ayala, SMC peg bond prices
thestandard.com.ph - 2016-06-26
The bond offerings of SMC Global Power Holdings Inc., a unit of San Miguel Corp., and conglomerate Ayala Corp. fetched attractive rates on stable interest rate outlook for the rest of the year. SMC Global plans to generate P15 billion from the sale of five ...

Biz Buzz: Biggest losers and winners
Inquirer - 2016-06-26
Semirara and Nickle Asia lost P11 billion and P4 billion in value, respectively, while Lepanto Consolidated Mining, Apex Mining and Manila Mining Corp. also reported significant losses. It goes without saying, of course, that mining industry stakeholders ...

BOI capacitates Eastern Visayas industries to craft local roadmaps
news.pia.gov.ph - 2016-06-26
Leyte is home to the copper smelting and refining operations of the Philippine Associated Smelting and Refining Corporation (PASAR). The company is currently operating within the 425-hectare Leyte Industrial Development Estate in Isabel, Leyte. PASAR is ...

PH may lose Indonesian coal
Manila Standard Today - 2016-06-26
Alsons Consolidated Resources Inc. vice president for business development Joseph Nocos, meanwhile, said its contracts stipulated alternative suppliers. Aboitiz Power Corp. executive vice president Luis Miguel Aboitiz said the company to date was still ...

Globe redefines entertainment production, consumption via tie-ups with 6 companies
BusinessMirror. - 2016-06-26
GLOBE Telecom Inc. has leaped miles away from its rival in the so-called digital economy, after making a bold move to redefine entertainment production and consumption in the Philippines. To do this, the telco struck partnerships with Netflix, the world ...

Stock-Market Outlook
BusinessMirror. - 2016-06-26
Megaworld closed at P4.50 on Friday. Prices of Semirara Mining and Power Corp. were volatile last week, falling sharply, but then rebounded after hitting the six-month support of P114. "Short-term technicals still show bearish signals, but notice that ...

Stock-Market Outlook
Business Mirror - 2016-06-26
Losers edged out gainers 149 to 72, and 24 shares were unchanged. Top gainers for the week were Apex Mining Co. Inc., F and J Prince Holdings Corp. B, BDO Leasing and Finance Inc., Oriental Petroleum and Minerals Corp. B, Berjaya Philippines Inc. and ...

Ayala, SMC peg bond prices
thestandard.com.ph - 2016-06-26
The bond offerings of SMC Global Power Holdings Inc., a unit of San Miguel Corp., and conglomerate Ayala Corp. fetched attractive rates on stable interest rate outlook for the rest of the year. SMC Global plans to generate P15 billion from the sale of five ...

Stock-Market Outlook
BusinessMirror. - 2016-06-26
Losers edged out gainers 149 to 72, and 24 shares were unchanged. Top gainers for the week were Apex Mining Co. Inc., F and J Prince Holdings Corp. B, BDO Leasing and Finance Inc., Oriental Petroleum and Minerals Corp. B, Berjaya Philippines Inc. and ...

Bangko Sentral approves 81 new bank branches
thestandard.com.ph - 2016-06-26
Bank of Commerce had 15 applications approved in January to March while Security Bank Corp. and BDO Unibank Inc. had 11 each. Bangko Sentral approved seven new branches for Land Bank of the Philippines, two for China Banking Corp. and one for Rizal ...

BOI capacitates Eastern Visayas industries to craft local roadmaps; discusses proposed Ecological Industrial Zone in Leyte
news.pia.gov.ph - 2016-06-26
Leyte is home to the copper smelting and refining operations of the Philippine Associated Smelting and Refining Corporation (PASAR). The company is currently operating within the 425-hectare Leyte Industrial Development Estate in Isabel, Leyte. PASAR is ...

2,051 Aboitiz volunteers make record-breaking participation in Brigada Eskwela this year
BusinessMirror. - 2016-06-26
All these efforts were done to benefit nearly 150,000 students. On June 4 283 volunteers from Aboitiz Aviation, Aboitiz Equity Ventures, Aboitiz Foundation, AboitizLand, AboitizPower, Pilmico, SN Aboitiz Power, Therma Luzon, WeatherPhilippines and Petnet ...

Brexit has minimal dire effects on Phl
MSN - 2016-06-26
In contrast, the Manila International Container Terminal (MICT) and the Asian Terminals Inc. (ATI) have contracts with the PPA to operate as international container terminals. In a memorandum order issued by Raul Santos, PPA officer-in-charge and assistant ...

Sta. Lucia continues expansion outside of MM
MSN - 2016-06-25
Sta. Lucia Land Inc. (SLI) is poised to take advantage of the expected development in the countryside with an expanded portfolio of projects outside Metro Manila. According to global property consultant CB Richard Ellis (CBRE), Metro Manila continues to be ...

Filinvest envisions Mimosa renaissance
Manila Standard Today - 2016-06-25
As the winning bidder in the privatization of the estate, Filinvest recently signed the lease agreement with Clark Development Corp. to develop, manage and operate the estate for 50 years, renewable for another 25 years. "We are excited to implement our ...

Filinvest envisions Mimosa renaissance
thestandard.com.ph - 2016-06-25
The former Mimosa Leisure Estate is primed for a renaissance as Filinvest Land Inc. lays out its plans for a dynamic, mixed-use development on the sprawling 201.64-hectare property. As the winning bidder in the privatization of the estate, Filinvest ...

La Chaine des Rotisseurs dines amid full moon and full spread
Inquirer Lifestyle - 2016-06-25
Among the numerous VIPs who came were acting Cebu City Mayor Margot Osmeña, Councilors Joy Augustus Young and Mary Ann de los Santos, regional tourism director Rowena Montecillo, and Chris Lebumfacil of Philippine Airlines. Zonta Club gig The Zonta Club ...

What happens to Guadalupe Bridge during a quake?
Rappler - 2016-06-25
Private organizations such as the DMCI Holdings, Rescue Tech Volunteer, and Red Cross, also participated in the drill. When the West Valley fault line moves, the potentially devastating earthquake is expected to isolate Metro Manila and surrounding areas ...

Indian software giant establishes Makati base
Manila Standard Today - 2016-06-25
"We are opening an office in Manila to enable local enterprises to leapfrog to cloud technology and derive significant business benefits. Given the excellent technical manpower in Philippines - it will also serve as a base for addressing our clients in ...

Filinvest envisions Mimosa renaissance
thestandard.com.ph - 2016-06-25
As the winning bidder in the privatization of the estate, Filinvest recently signed the lease agreement with Clark Development Corp. to develop, manage and operate the estate for 50 years, renewable for another 25 years. "We are excited to implement our ...

BOI mulls proposed ecological industrial zone in Leyte
Manila Bulletin - 2016-06-25
Leyte is home to the copper smelting and refining operations of the Philippine Associated Smelting and Refining Corporation (PASAR). The company is currently operating within the 425-hectare Leyte Industrial Development ... of Mama Sita Foundation Inc ...

Shield yourself against Brexit volatility: Look at these 15 Bharat-focused stocks
Economic Times - 2016-06-25
Some analysts say investors can probably pick those stocks which are more India-centric, especially those focused on rural India or Bharat, and have little exposure to global ... company has L1 orders worth Rs1,500 crore (apart from 2 packages of Mumbai ...

Globe Telecom takes big leap in digitization with 6 content deals
Rappler - 2016-06-25
MANILA, Philippines - Globe Telecom Incorporated inked a strategic partnership with Netflix Incorporated and 5 other foreign content providers, confronting a rapidly-shifting space where small steps toward digitization are no longer enough. Late Friday ...

Globe warns of new scam using Facebook
Manila Bulletin - 2016-06-25
Globe Telecom cautions its postpaid customers against fraudsters in Facebook offering removal of Globe account and replacing old accounts with new ones that may include new phone units. "Based on the unauthorized offers we have monitored, customers ...

Lopez to DENR a 'welcome move' - Ilocos green network
interaksyon.com - 2016-06-25
including one from which the Manila Electric Company reportedly intends to purchase power. Lopez, De Vera recalled, "came to Ilocos Sur in 2013 to speak on her anti-mining campaign and extended her support to our struggle against black sand extraction in ...

GT Capital raising P12b in 3rd quarter
thestandard.com.ph - 2016-06-24
GT Capital Holdings Inc., the holding company of tycoon George Ty, is raising up to P12 billion from the sale of perpetual preferred shares in the third quarter. GT Capital president Carmelo Bautista said in a text message proceeds from the preferred ...

Green academe
thestandard.com.ph - 2016-06-24
Architectural firm Casas+Architects is currently designing the new Far Eastern University (FEU) campus which will be built in Filinvest City, Alabang. FEU Alabang will be a vertical campus with a 15-floor academic building for its laboratory facilities and ...

Bloomberry To Sell S. Korea Casino In $100M Deal
Law 360 - 2016-06-24
Law360, New York (June 24, 2016, 1:22 PM ET) -- Iao Kun Group Holding Co. Ltd. said Thursday that it has agreed to purchase a South Korean casino and hotel from Bloomberry Resorts Corp. for 117.5 billion South Korean won ($100 million) in cash, as it makes ...

Bloomberry To Sell S. Korea Casino In $100M Deal
Law 360 - 2016-06-24
Law360, New York (June 24, 2016, 1:22 PM EDT) -- Iao Kun Group Holding Co. Ltd. said Thursday that it has agreed to purchase a South Korean casino and hotel from Bloomberry Resorts Corp. for 117.5 billion South Korean won ($100 million) in cash ...

Bloomberry To Sell S. Korea Casino In $100M Deal
Law 360 - 2016-06-24
Law360, New York (June 24, 2016, 1:22 PM ET) -- Iao Kun Group Holding Co. Ltd. said Thursday that it has agreed to purchase a South Korean casino and hotel from Bloomberry Resorts Corp. for 117.5 billion South Korean won ($100 million) in cash, as it makes ...

Bloomberry To Sell S. Korea Casino In $100M Deal
Law 360 - 2016-06-24
Law360, New York (June 24, 2016, 1:22 PM ET) -- Iao Kun Group Holding Co. Ltd. said Thursday that it has agreed to purchase a South Korean casino and hotel from Bloomberry Resorts Corp. for 117.5 billion South Korean won ($100 million) in cash, as it makes ...

GT Capital selling shares to pay loans
Inquirer - 2016-06-24
Conglomerate GT Capital Corp. plans to sell as much as P12 billion worth of preferred shares by the third quarter, raising funds to refinance loans contracted for its big expansion into the infrastructure space. The board of GT Capital approved the ...

SSS opens third branch in Pasig City
news.pia.gov.ph - 2016-06-24
Apart from SSS Pasig-Rosario, members and employers residing and working in Pasig City can also visit SSS Pasig-Shaw located at Chipeco Building along Meralco Avenue and SSS Pasig-Rotunda located at the ARMAL Building in Barangay Caniogan. As a full ...

GT Capital raising P12b in 3rd quarter
thestandard.com.ph - 2016-06-24
GT Capital Holdings Inc., the holding company of tycoon ... Metro Pacific signed an agreement with GT Capital to acquire 56 percent of Global Business Power Corp. for P22.6 billion. Metro Pacific will then issue 3.6 billion new common shares in GT Capital ...

Local lender anticipates double-digit income growth in second half
BusinessMirror. - 2016-06-24
Asia United Bank Corp. (AUB) forecasts sustained double-digit income growth for the rest of the year, on the basis of corporate loans pushing even higher. "You see our [Q1] performance of over 27 percent, that is an indication," Abraham T. Co., AUB ...

Local lender anticipates double-digit income growth in second half
BusinessMirror. - 2016-06-24
Asia United Bank Corp. (AUB) forecasts sustained double-digit income growth for the rest of the year, on the basis of corporate loans pushing even higher. "You see our [Q1] performance of over 27 percent, that is an indication," Abraham T. Co., AUB ...

GT Capital to issue P12-billion preferred shares
BusinessMirror. - 2016-06-24
THE board of GT Capital Holdings Inc., the holding firm of taipan George Ty, has approved the issuance of P12 billion worth of perpetual preferred shares. The company said in its disclosure to the Philippine Stock Exchange (PSE), it would issue 8 million ...

Have you ever heard of an egg machine?
Manila Bulletin - 2016-06-24
Pilmico is the food subsidiary of the Aboitiz Equity Ventures which is into flour and livestock feed milling. Only recently, Pilmico distributed 10 egg machines to beneficiaries at the Sports and Cultural Centrum in Sibonga, Cebu. Each of the egg machines ...

There is a new sense of freedom in Bacolod
BusinessMirror. - 2016-06-24
SM has a Hypermart, a mall and an SMX convention center. Ayala Land has a mixed-use development that will cover 9 hectares. Megaworld is building a township in a 50-hectare lot and 34 hectares in size. Soon, Bacolod will be the commercial hub of the region.

BIR ordered to return P94.6 million to Air Philippines
Inquirer - 2016-06-24
The tax refund in question was for the payments in protest made by Air Philippines for the series of importations of Jet A-1 fuel it has made in 2006. The airline firm filed a written protest with the District Collector of Customs but to avoid the lapse of ...

GTCAP offering up to P12B preferred shares
Manila Bulletin - 2016-06-24
GT Capital Holdings, Inc., the flagship of the Ty family, is raising up to P12 billion through a public offering of Series A and B Perpetual preferred shares. In a disclosure to the Philippine Stock Exchange, the firm said its board of directors has ...

GTCAP offering up to P12B preferred shares
Manila Bulletin - 2016-06-24
Robust vehicle sales from Toyota Motor Philippines Corporation (TMP), higher kilowatt-hour (kWh) sales realized by Global Business Power Corporation (GBPC), sustained real estate sales from Federal Land, Inc. (Federal Land) and Property Company of Friends ...

Ayala Corp's P20-B shelf registration gets SEC green light
Rappler - 2016-06-24
MANILA, Philippines - The Securities and Exchange Commission (SEC) gave Ayala Corporation the go-signal to pursue its ... Healthy pace for 2016 Ayala, which has major investments in the real estate, banking and telecommunications sectors, expects most ...