China economic outlook "uncertain" as vulnerabilities loom: IMF
MSN - 2016-06-13
where he had been meeting senior banking and government officials among others, Lipton said China needed to accelerate the pace of economic reforms as it had fewer options for dealing with future crises. Corporate debt, state-owned company reform and lack ...

Security Bank sells Diners Club rights to BDO Unibank
MSN - 2016-06-13
SB Cards Corp. has sold its rights as the exclusive issuer and acquirer of Diners Club International (DCI) credit cards in the Philippines to BDO Unibank Inc. In a disclosure to the Philippine Stock Exchange Tuesday, the credit card subsidiary of Security ...

PLDT, Globe face fines on P70-b deal
thestandard.com.ph - 2016-06-13
The government agency formed to fight business monopoly on Monday threatened to impose fines on Philippine Long Distance Telephone Co. and Globe Telecom for allegedly not complying with the rules, when they acquired the telecommunication assets of San ...

Gasoline prices down; diesel, kerosene up
MSN - 2016-06-13
SeaOil said the price adjustments "reflect movements in the international petroleum market." As of writing, Petron Corp. and Shell have yet to make an advisory on its price movements but is expected to make similar adjustments in their fuel products.

Cebu Pacific records 11% jump in passenger volume
Inquirer - 2016-06-13
Both carriers saw their combined passenger traffic jump 10.6 percent to 6.61 million passengers from January to April this year, operating statistics revealed by operator Cebu Air Inc. showed. Capacity was also up 2.4 percent, meaning the carriers had a ...

Semirara to hike output
Inquirer - 2016-06-13
Semirara Mining and Power Corp. (SMPC) may increase coal production by a fourth this year assuming normalized operations and the initial impact of expansion work at its coal mine site in Antique. SMPC CEO Isidro A. Consunji said in a text message that SMPC ...

P10-billion corn venture seeks pioneer incentives
BusinessMirror. - 2016-06-13
"This lowers the cost of production [of crops]," he said. PSDC is a joint venture of Century Properties Group Inc. and Precision Agriculture Management and Grains Development Southeast Asia. The company is going into commercial yellow-corn production ...

PAL studies Davao as new regional hub
thestandard.com.ph - 2016-06-13
Philippine Airlines said it is looking at Davao as its new hub for regional and inter-island operations. "Davao would be another airport we would consider to be a hub. In fact, one of our profitable domestic routes is Davao," PAL president and chief ...

Aboitiz Land to spend P25 billion in capex to 2020
BusinessMirror. - 2016-06-13
ABOITIZ Land Inc., the property-development unit of Aboitiz Equity Ventures Inc. (AEV), said it will spend about P25 billion in the next five years, or an average of P5 billion annually, to enlarge its industry-market share that has been limited to its ...

EDC set to pursue geothermal investments in Latin America
BusinessMirror. - 2016-06-13
ENERGY Development Corp. (EDC), a subsidiary of First Gen Corp., is keen on pursuing geothermal investments in Latin America. EDC President Richard Tantoco said the time is right for the company to showcase its expertise in geothermal-energy business ...

Faster rescue, sea patrol made possible in Guimaras
Manila Bulletin - 2016-06-13
Jordan, Guimaras - The Philippine Coast Guard (PGC) and the island province of Guimaras can now dispatch ... sugar mills, corn mills, hotel, bank, shopping mall and real estate development projects.

EDC exploring RE investments in Mexico
Manila Bulletin - 2016-06-13
Lopez-led Energy Development Corporation (EDC) is exploring investments for renewable energy (RE) developments in Latin American countries, this time with particular interest in Mexico. "There are invitations from other countries in the region (Latin ...

Stock-market risk
BusinessMirror. - 2016-06-13
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.

NDF eyes 3 accords with Du30 emissaries
The Daily Tribune - 2016-06-13
Consultants of the leftist National Democratic Front of the Philippines (NDFP) yesterday said that they are expecting three preliminary pacts to be signed between them and emissaries of the incoming Duterte administration as they meet in Oslo, Switzerland ...

Lenovo banks on 2 new smartphone innovation
BusinessMirror. - 2016-06-13
"China business declined by more than ... In its 2015 earnings report, the company admitted it still struggled with integrating the two brands together. Lenovo is banking that Moto Mods will jump-start its smartphone segment. "Mods, for us, is going ...

Filipino hurt in Shanghai airport blast comes home Monday -- DFA
Manila Bulletin - 2016-06-13
The Filipino, he said, was immediately treated at a hospital near the airport and was subsequently discharged and accommodated in a hotel. He is scheduled to fly to Manila via Philippine Airlines on Monday, Jose said.

PLDT, Smart undergo logo art facelift in line with digital shift
interaksyon.com - 2016-06-13
MANILA - PLDT and its wireless unit Smart Communications have both overhauled their company logos in keeping with their ongoing shift to reinforce their digital business. PLDT, the country's once-dominant carrier, has been in the process of turning a new ...

A computer security startup turns the tables on hackers
Economic Times - 2016-06-13
For as long as there have been cyberattacks, hackers have relied on a vast network of compromised servers around the globe to funnel their malicious code, search out targets and steal data. By watching what happens on those compromised servers at dentists ...

PLDT, Globe shares down as PCC keeps an eye on SMC telco deal
Rappler - 2016-06-13
rejected their initial report on their P69.1-billion deal to buy out San Miguel Corporation's (SMC) telecommunication business. On Monday, June 13, shares of PLDT closed at P2,016 each, down by P38 or 1.85% from Friday; while Globe ended trading at P2,360 ...

Avida sells P1.7B Makati "condo-village" units
Inquirer - 2016-06-13
A UNIT of property giant Ayala Land Inc. is building a rare low-rise, low-density residential project in a quaint location in San Antonio, Makati, creating P1.7 billion worth of new inventory pitching "condominium living in a village setting."

Avida launches P1.7B low-rise Makati project
Manila Bulletin - 2016-06-13
Avida Land, the middle-income unit of Ayala Land Inc., is investing P1 billion to build its first low-rise, single-tower residence in Makati called One Antonio that is expected to generate P1.7 billion in revenues. The 6-storey residence has a low density ...

Fieldfresh Foods eyes kiranas to ramp up distribution presence
Economic Times - 2016-06-13
NEW DELHI: Fieldfresh Foods, a joint venture between Bharti Enterprises and Del Monte Pacific, is looking at ramping up its distribution presence via grocery and kirana stores as it chases growth amid a slow macroeconomic environment. "Growth rates have ...

Lepanto, Philex Mining back Duterte's industry stance
MSN - 2016-06-12
Publicly-listed miners are supporting the call of President-elect Rodrigo Duterte to halt mining companies from destroying the environment. In an emailed statement, Lepanto Consolidate Mining Company President Bryan Yap promised to cooperate with the ...

PH streamlines process for starting a business, paying taxes
Manila Bulletin - 2016-06-12
The Philippines continues to streamline the process for Starting a Business and Paying Taxes, and Social Payments. The Ease of Doing Business Task Force, composed of the National Competitiveness Council, Departments of Finance (DOF), Trade and Industry ...

SEC to review big telecom deal
thestandard.com.ph - 2016-06-12
The Securities and Exchange Commission said it is reviewing whether Philippine Long Distance Telephone Co. and Globe Telecom should conduct a tender offer to buy minority shareholders out of Liberty Telecoms Holdings Inc. PLDT and Globe earlier acquired 50 ...

SEC to review big telecom deal
thestandard.com.ph - 2016-06-12
The Securities and Exchange Commission said it is reviewing whether Philippine Long Distance Telephone Co. and Globe Telecom should conduct a tender offer to buy minority shareholders out of Liberty Telecoms Holdings Inc. PLDT and Globe earlier acquired 50 ...

EDC upgrading 3 geothermal plants
thestandard.com.ph - 2016-06-12
EDC, an affiliate of First Gen Corp., owns 1,441 megawatts of generating capacity, comprising of 1,159 MW of geothermal, 150 MW of wind, 132 MW of hydro and 4 MW of solar energy.

PLDT sees higher sales of digital entertainment
thestandard.com.ph - 2016-06-12
Philippine Long Distance Telephone Co. said it expects sales of digital home devices to reach more than P2 billion this year. "PLDT Home had a good head start, having been growing in revenues for five consecutive years now with its unmatched digital ...

Stock-Market Outlook
BusinessMirror. - 2016-06-12
Top gainers were Chemical Industries of the Philippines, Double Dragon Properties Corp., Bloomberry Resorts Corp., Nickel Asia Corp., Philex Mining Corp., Philex Petroleum Corp. and Jackstones Inc. Top losers were Imperial Resources Inc. B, Liberty Flour ...

Stock-Market Outlook
BusinessMirror. - 2016-06-12
Gainers slightly led losers 112 to 102 and 32 shares were unchanged. Top gainers were Chemical Industries of the Philippines, Double Dragon Properties Corp., Bloomberry Resorts Corp., Nickel Asia Corp., Philex Mining Corp., Philex Petroleum Corp. and ...

Stock-Market Outlook
BusinessMirror. - 2016-06-12
Liberty Flour Mills Inc., A Brown Co. Inc., Lorenzo Shipping Corp., Grand Plaza Hotel Corp., Central Azucarera de Tarlac Inc. and Prime Media Holdings Inc. TRADING is expected to be volatile this week as the US Federal Reserve meets, which could see the ...

Cooking show debuts season 2 today
thestandard.com.ph - 2016-06-12
Anyone with an interest in food and new food experiences is a foodie. San Miguel Pure Foods believes that aside from dining out, foodies should also come home and harness their passion for food by cooking in their own kitchen and creating their own food ...

Cooking show debuts season 2 today
thestandard.com.ph - 2016-06-12
Anyone with an interest in food and new food experiences is a foodie. San Miguel Pure Foods believes that aside from dining out, foodies should also come home and harness their passion for food by cooking in their own kitchen and creating their own food ...

The Philippine Philharmonic takes on Carnegie
Manila Bulletin - 2016-06-12
The PPO Carnegie Hall concert is made possible in cooperation with Philippine Airlines (the official carrier of the Philippine Philharmonic Orchestra), Smart Infinity, Rustan Commercial Corporation, One Meralco Foundation, with the support of PLDT Smart ...

Charting a new path to growth
wap.business-standard.com - 2016-06-12
Or is it wiser to straddle both models simultaneously? FieldFresh Foods Private Limited, a joint venture between Bharti Enterprises and Del Monte Pacific Limited, is present in both segments under the brands, Del Monte and fieldfresh. Chief executive ...

Biz Buzz: Challenging the ports duopoly
Inquirer - 2016-06-12
The latest salvo comes from the father who wrote the Philippine Stock Exchange (PSE) last week, asking it to sanction his son for allegedly committing "fraudulent activities in relation to listed firm Global Port 900 Inc." In his letter, the elder ...

Cemex asked to give more details on IPO
thestandard.com.ph - 2016-06-12
The Securities and Exchange Commission asked for more "material information" from cement manufacturer Cemex Holdings Philippines Inc. on its planned P40-billion ... secure an approval from the Philippine Stock Exchange, which would enable it to set ...

EDC sees P600-million additional income from 3 geothermal plants
BusinessMirror. - 2016-06-12
First Gen Corp. committed to fund the construction of 16 school buildings; Rockwell Land Corp., 6; First Balfour Inc., 4; and First Philec Corp., along with ThermaPrime Well Services Inc., 1 each. First Philippine Industrial Park committed P1.3 million for ...

Stock-Market Outlook
BusinessMirror. - 2016-06-12
Liberty Flour Mills Inc., A Brown Co. Inc., Lorenzo Shipping Corp., Grand Plaza Hotel Corp., Central Azucarera de Tarlac Inc. and Prime Media Holdings Inc. TRADING is expected to be volatile this week as the US Federal Reserve meets, which could see the ...

Fieldfresh Foods eyes kiranas to ramp up distribution presence
Economic Times - 2016-06-12
NEW DELHI: Fieldfresh Foods, a joint venture between Bharti Enterprises and Del Monte Pacific, is looking at ramping up its distribution presence via grocery and kirana stores as it chases growth amid a slow macroeconomic environment. "Growth rates have ...

Fieldfresh Foods eyes kiranas to ramp up distribution presence
The Economic Times - 2016-06-12
NEW DELHI: Fieldfresh Foods , a joint venture between Bharti Enterprises and Del Monte Pacific, is looking at ramping up its distribution presence via grocery and kirana stores as it chases growth amid a slow macroeconomic environment . "Growth rates have ...

Shift to renewable energy hastens end to fossil fuel
MSN - 2016-06-12
"Companies invest in coal with good intentions, believing it to be the cheapest power but even they would agree that the day RE becomes cheaper than coal, we should banish fossil fuel from the Philippines ... be done by one company alone.

Cirtek profit rises 6% in Q1
Philstar - 2016-06-12
MANILA, Philippines - Laguna-based technology firm Cirtek Holdings Philippines Corp. reported a first quarter net income of $1.5 million, up six percent from a year ago. In a financial report filed with the Philippine Stock Exchange (PSE), Cirtek said ...

WATCH: Bamboo performs in NAIA Terminal 2 for Independence Day
Rappler - 2016-06-12
Aired live via the Facebook page of Philippine Airlines (PAL), the concert with the hashtag #PinoyPrideRocks saw Bamboo and his band perform hits such as "Noypi," "Hallelujah," "Himala," and "Umagang Kay Ganda," plus tracks from his latest album Bless This ...

Access road to Clark Green City completed next month
Philstar - 2016-06-12
BCDA said the development of the 9,450-hectare Clark Green City would be undertaken in phases, the first of which will comprise 288 hectares that will be co-developed with property developer Filinvest Land Inc. Business ( Article MRec ), pagematch ...

(LOOK) Uptown Bonifacio Tower lit up in PH colors
Manila Bulletin - 2016-06-12
Megaworld Corporation plans to build new luxury residential condominiums and mixed-use business and commercial developments in the area that cater to upper- to middle-class markets. The area is near the zone where the British, Japanese, and American ...

The wRap
Rappler - 2016-06-12
Robredo said Marcos' statements "continue to divide our country". The Philippine Competition Commission (PCC) rejected Philippine Long Distance Telephone Company's (PLDT) and Globe Telecom, Incorporated's initial transaction report on their P69.1-billion ...

The wRap
Rappler - 2016-06-12
Robredo said Marcos' statements "continue to divide our country". The Philippine Competition Commission (PCC) rejected Philippine Long Distance Telephone Company's (PLDT) and Globe Telecom, Incorporated's initial transaction report on their P69.1-billion ...

Aboitiz bullish on Cebu businesses in 2016 amid rosy Q1 results
interaksyon.com - 2016-06-12
Perdices, VECO Senior Vice President and COO. AboitizLand, meanwhile, is on track with its latest mixed-use development in Mandaue City, a joint-venture with Ayala Land. AboitizLand intends to spend P4.7 billion this year to expand its industrial and ...

Aboitiz bullish on Cebu businesses in 2016 amid rosy Q1 results
interaksyon.com - 2016-06-12
CEBU CITY--Conglomerate Aboitiz Equity Ventures, Inc. remains confident its main businesses in Cebu province - power distribution and land - will sustain growth this year as its business units carry out various expansion plans for 2016. Speaking to local ...