China Banking Corp. subsidiary to put up brokerage house
BusinessMirror. - 2016-06-16
CBCC will name its stock-brokerage house as China Bank Securities Corp. The wholly owned subsidiary will enable CBCC to initiate an initial public offering (IPO) and list the IPO shares on the Philippine Stock Exchange ... One (SPC) Inc., and will be ...

Drilling starts for Mabini geothermal plant expansion
Manila Bulletin - 2016-06-16
Holders of Geothermal Service Contract No. 8 - Basic Energy Corporation and Trans-Asia Oil and Energy Development Corporation - both announced at the Philippine Stock Exchange (PSE) the spudding of the well in San Teodoro in Mabini, Batangas on June 15.

IC lauds sale of NLIC to 6762 Holdings Corp.
BusinessMirror. - 2016-06-16
The Insurance Commission (IC) on Thursday commended the smooth negotiations and completion of the sale of the National Life Insurance Company of the Philippines (NLIC) to 6762 Holdings Corp., which will ... "This is the first successful rehabilitation ...

Telcos resubmit same documents to PCC
Manila Bulletin - 2016-06-16
The saga is far from over between Philippine Competition Commission (PCC) and two telcos, Globe Telecom, Inc. and PLDT, Inc., as both firms resubmitted to the commission the same documents that the agency previously rejected plus additional data to prove ...

DOE issues fuel economy ratings for vehicles in PH market
Manila Bulletin - 2016-06-16
The Department of Energy (DOE) and Petron Corporation recently issued Fuel Economy Rating certificates to 22 car brands, which participated in the highly successful DOE Euro 4 Fuel Economy Run, a pioneering event that aims to provide vital information on ...

Customer-switching: A growing trend in power retail market
Manila Bulletin - 2016-06-16
Adviento said 41 customers have transferred patronage on their power suppliers during the initial ... There are customers of Meralco (Manila Electric Company) that have switched to San Miguel; and some with Aboitiz Group and Trans-Asia and vice versa ...

Globe, PLDT sign deal for faster Internet
Manila Bulletin - 2016-06-16
Telco giants, Globe Telecom, Inc. and PLDT Inc., have finally established a bilateral IP peering arrangement to improve local Internet traffic quality and provide better internet experience for the subscribers of both telco operators. This is the second ...

Globe, PLDT sign deal for faster Internet
Manila Bulletin - 2016-06-16
Telco giants, Globe Telecom, Inc. and PLDT Inc., have finally established a bilateral IP peering arrangement to improve local Internet traffic quality and provide better internet experience for the subscribers of both telco operators. This is the second ...

Private-sector cooperation called for continuous national growth
BusinessMirror. - 2016-06-16
In Photo: Roderick F. De Castro (left), vice chairman of the League of Corporate Foundations (LCF) Board of Trustees (LCF BOT) and chairman, Corporate Social Responsibility (CSR) Expo 2016; and Lydia Sarmiento-Enrile, trustee, Vivant Foundation Inc. and ...

Focus on consumption, not investment for faster growth: Sridhar Sivaram, Investment Director, Enam Holdings
Economic Times - 2016-06-16
In a chat with ET Now, Sridhar Sivaram, Investment Director, Enam Holdings, says would have been happier if ... I am trying to ask you do you believe it will have a big impact on equity markets either way the vote happens? Sridhar Sivaram: I am not very ...

PLDT, Globe resubmit SMC telco buyout report to PCC
Rappler - 2016-06-16
MANILA, Philippines - PLDT Incorporated and Globe Telecom Incorporated on Thursday, June 16, submitted anew their report on the P69.1-billion deal to buy out the telecommunication assets of San Miguel Corporation (SMC). The report was resubmitted to ...

Luxury hotel Conrad Manila opens its doors
Rappler - 2016-06-16
Located in front of the Mall of Asia complex, the 347-room Conrad Manila is owned by SM Hotels and Conventions Corporation, a subsidiary of Sy family-led SM Investments Corporation, and managed by Hilton Worldwide. "We are pleased to work with Hilton ...

Philippine stocks up on Fed decision to keep rates steady
interaksyon.com - 2016-06-16
MANILA, Philippines -- The stock market continued its advance for the second consecutive session on Thursday, after the United States Federal Reserve decided not to raise interest rates. The barometer Philippine Stock Exchange index (PSEi) rose 62.82 ...

China Bank to enter stock brokerage business
Inquirer - 2016-06-16
Meanwhile, the special purpose corporation to be known as CBC Assets One (SPC) Inc., will be utilized as a vehicle ... have won in all Bell Awards since it was launched by the Philippine Stock Exchange in 2012.

HP Inc. Reinvents Consumer Printing for Digital Natives With World's Smallest All-in-One
Marketwired - 2016-06-16
PALO ALTO, CA--(Marketwired - Jun 16, 2016) - HP Inc. (NYSE: HPQ) today unveiled its next generation DeskJet All-in-One (AiO) printer, the ideal device for the style savvy, always connected consumer. Designed for digital natives who want to print from ...

PLDT, Globe sign IP peering deal after 6 years
Rappler - 2016-06-16
MANILA, Philippines - After 6 years, PLDT Incorporated and Globe Telecom Incorporated have finally agreed to sign an Internet protocol (IP) peering arrangement that is seen to improve local Internet linkages and raise the quality of Internet in the country.

Laoag City treasurer flies to Hawaii following loss of P85-M
Philippine Daily Inquirer - 2016-06-16
Asuncion flew out of the country on Tuesday (June 14) on board a Philippine Airlines jet bound for Hawaii, after officials tried to secure a hold departure order against the city official, the Bureau of Immigration Office in Ilocos Norte, said. Asuncion ...

Tap-and-go beep cards now accepted on BGC buses
Rappler - 2016-06-16
AF Payments, the consortium of Ayala Corporation and Metro Pacific Investments Corporation, is behind the unified ticketing system launched last year for the Metro Rail Transit (MRT3) and the Light Rail Transit (LRT) Lines 1 and 2. The P1.7-billion ($36.70 ...

China bank buying a stock brokerage firm
Manila Bulletin - 2016-06-16
In a disclosure to the Philippine Stock Exchange, China Bank said it is looking to acquire ... The special purpose corporation, to be known as CBC Assets One (SPC) Inc., will be utilized as a vehicle to hold the assets for the securitization transactions ...

PLDT, Globe agree IP peering deal to improve internet traffic
Manila Bulletin - 2016-06-16
PLDT has moved to establish a bilateral IP peering arrangement with Globe Telecom that will help improve local internet traffic quality and provide better internet experience for the subscribers of both telco operators. "The other complementary effective ...

Philippine Philharmonic Orchestra to perform at Carnegie Hall
Inquirer Lifestyle - 2016-06-16
Thanking all the sponsors of the trip, Millado said everything was jumpstarted by a grant from the MVP Group of Companies, including Smart PLDT Foundation and Smart Infinity. Millado recalled how PPO principal conductor and musical director Olivier ...

Mitsubishi, Toyota commit P8B for CARS, 14,000 jobs
Manila Bulletin - 2016-06-16
SM Hotels and Conventions Corporation, a subsidiary of SM Prime Holdings Inc., is investing P7 billion over the next five years for the expansion with the construction of five new hotels and a convention center. SMHCC Senior Vice President for Operations ...

AboitizPower gains full ownership of Cebu plant
Manila Bulletin - 2016-06-16
Aboitiz Power Corp. (AboitizPower) has gained full ownership of East Asia Utilities Corporation (EAUC), the operator of the 50-MW oil-fired power plant in Mactan Island in Cebu City. AboitizPower increased this June its ownership of EAUC from 50 percent to ...

Happy Skin and Beauty Bar launches lippies in brown trend and 3-in-1 brow product
MSN - 2016-06-15
Homegrown brands Beauty Bar and Happy Skino have collaborated to create the Work It, Girl! make up collection with the aim of celebrating the empowered women. Rissa Mananquil-Trillo, co-founder of Happy Skin said, "The collaboration is called Work It ...

Avena wrests control in NGAP Philippine seniors
m.philstar.com - 2016-06-15
Viray hit three birdies but fumbled with five bogeys to card a 74 while Benjie Sumulong faltered with a 39 for a 76, six behind Avena with two rounds left in the 54-hole tournament serving as part of the PLDT Group National Amateur Tour and backed by the ...

Globe steps up use of new frequencies
Inquirer - 2016-06-15
Globe Telecom said it had rolled out high-capacity broadband data infrastructure in Visayas and Mindanao as it started using recently acquired radio frequencies. In a statement, Globe said its expanded allocation in the 2600 megahertz spectrum was launched ...

SM investing P7B in more hotels, convention centers
Inquirer - 2016-06-15
Property giant SM Prime Holdings Inc. has raised its stake in the tourism sector with the opening of the P6.5-billion six-star hotel, Conrad Manila, at the Mall of Asia complex in Pasay City. The 347-room posh hotel is the first Conrad Hotels & Resorts ...

MetroPac open to infrastructure deal with SMC
thestandard.com.ph - 2016-06-15
Metro Pacific Investments Corp. is open to a partnership with San Miguel Corp. to jointly pursue infrastructure projects under the Durterte administration, a top executive said Wednesday. "As to infrastructure in general, yes, we are open to that.

SM to invest P7b in new hotels
Manila Standard Today - 2016-06-15
SM Prime Holdings Inc. chairman Hans Sy and SM Hotels and Conventions senior vice president for operations Ma.Luisa Pelagia. SM Hotels president Elizabeth Sy said the company remained confident about the prospects for the tourism industry in the country.

Sovereign states unprepared to counter cyber heists-PIIE
BusinessMirror. - 2016-06-15
The PIIE visiting fellow said that, while Philippine authorities have filed cases against the branch manager of the Rizal Commercial Banking Corp. (RCBC), owners of the accounts, the remittance agency, casino and gaming operators, and two Chinese nationals ...

SSI sets lower capex this year, to shut down stores
BusinessMirror. - 2016-06-15
SSI Group Inc., the specialty retailer led by the Tantoco family, has set a lower capital expenditure (capex) for the year and will shut down several of its nonperforming stores. The company said it will spend P600 million in capex this year, or less than ...

Fed is likely to keep rates steady as investors seek hints
Manila Bulletin - 2016-06-15
Sung Won Sohn, an economics professor at California State University, Channel Islands, foresees just one Fed rate hike this year, probably in September, with the central bank then moving to the sidelines in the closing weeks of the presidential race.

Iloilo ferry terminal project provisions challenged
Manila Bulletin - 2016-06-15
Guimaras Provincial Board Member John Edward Gando said Governor Samuel Gumarin has been given the authority to file a case against the Iloilo-Guimaras Ferry Terminal, a public-private partnership (PPP) project between DoubleDragon Properties Corp. and the ...

New admin attributes resurgent investor confidence to Duterte
Manila Bulletin - 2016-06-15
The robust net foreign buying in the Philippine Stock Exchange (PSE) is a testament to resurgent investor ... AB Capital Securities, Inc. equity research analyst Victor Felix said the biggest source of confidence is the conduct of a clean, honest and ...

Crown to split Australian casinos from overseas assets
Rappler - 2016-06-15
A new entity will take Crown's interest in Macau-focused Melco Crown Entertainment (MCE), which also has assets in the Philippines, as well as the Alon development site in Las Vegas. Gambling revenue in Macau has been hit hard by China's corruption ...

AboitizPower acquires full ownership of East Asia Utilities
BusinessMirror. - 2016-06-15
ABOITIZ Power Corp. (AboitizPower) has acquired full ownership of East Asia Utilities Corp. (EAUC), the operator of the 50-megawatt (MW) oil-fired power plant in Mactan Island, Cebu. This after AboitizPower acquired another 50 percent in EAUC for P509.41 ...

5 Best Smart Beta ETFs That Pay Dividends (PID, ICF)
Investopedia - 2016-06-15
Top holdings include Teekay Offshore Partners LP (NYSE: TOO), Seaspan Corp. (NYSE: SSW) and Teekay LNG Partners ... the more popular alternative investments in 2016, with traditional equities barely positive on the year. BlackRock launched the iShares ...

SM Group to invest P7 billion in 5 years to expand hotel business
interaksyon.com - 2016-06-15
The expansion plan was bared by Peggy Angeles, senior vice president for operations of the SM Hotel and Conventions Corp., during the opening on ... Mall of Asia complex at the 42-hectare Bay City development in Pasay City. "I think we're looking at ...

Conrad Manila Opening and what it is about
E TN Global Travel Industry News - 2016-06-15
a subsidiary of SM Investment Corporation 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 ...

Conrad Hotel debuts in PH
Inquirer - 2016-06-15
PROPERTY giant SM Prime Holdings Inc. has raised its stake in Philippine tourism with the opening on Wednesday of the P6.5-billion six-star hotel Conrad Manila, a new landmark along the sprawling Mall of Asia complex which offers a panoramic view of Manila ...

Amid regulatory probe, Globe powers 130 cell sites in Visayas, Mindanao
Rappler - 2016-06-15
MANILA, Philippines - Globe Telecom, Incorporated has activated 130 more cell sites in the Visayas and Mindanao, using the 2,600 megahertz (MHz) spectrum of San Miguel Corporation (SMC). This is despite the Philippine Competition Commission (PCC ...

SM to invest P7B for five new hotels, convention center
Manila Bulletin - 2016-06-15
SM Hotels and Conventions Corporation, a subsidiary of SM Prime Holdings Inc., is investing P7 billion over the next five years for the expansion of its business nationwide. In an interview after the opening of the Conrad Manila, SMHCC senior vice ...

Water rates slightly down starting July
Manila Bulletin - 2016-06-15
Water rates will go down slightly next month until September as major utilities, Maynilad Water Services, Inc. and Manila Water Company, Inc., had to adjust to the appreciation of the peso against foreign currencies. This was the result of the Metropolitan ...

Duterte named Go Negosyo Executive Director as new DTI Secretary
Manila Bulletin - 2016-06-15
For 22 years, he has served the business sector as a top executive of RFM Corporation and has handled strategic planning and business development, mergers and acquisitions, and equity investors group. He has earned the respect of the business, financial ...

Globe fires up 130 sites in Visayas, Mindanao
Manila Bulletin - 2016-06-15
Globe Telecom said it fired up 130 sites in Visayas and Mindanao with the utilization of the additional allocation in the 2600 MHz spectrum, which forms part of the resources that it recently acquired following a joint purchase of San Miguel Corp ...

PLDT, Smart unveil revamped company logos
Philippine Daily Inquirer - 2016-06-15
In a grand showcase of their human-centered tech innovations and digital services, telecommunications giants PLDT Inc. and Smart Communications unveiled a fresh, modern take on their logos Monday night at the Shangri-La Hotel in Makati. The event marked ...

MVP vows improved customer service as PDLT and Smart unveil new logos
BusinessMirror. - 2016-06-15
Monday night saw digital services provider PLDT Inc. and subsidiary Smart Communications Inc. bearing new logos, with the Greek alphabet Delta as its main symbol. Manuel V. Pangilinan, chairman of the multimedia conglomerate, explained that the new logos ...

Now is not the time to sell China short
MSN - 2016-06-15
Recent official figures and our bank's experience on the ground suggest such ... online consumers who increasingly shop on mobile devices. Wanda, China's largest commercial property company and cinema operator, has built and runs shopping malls in 100 ...

16th Congress: Hits and misses in propelling economic growth
BusinessMirror. - 2016-06-14
IN the power sector, private firms had hoped for a more pronounced policy on power mix. First Gen Corp., whose main business is anchored on the production of natural gas, noted the "lack of alignment" between what the government aspires versus what is ...

Ang, Pangilinan in airport talks
Manila Standard Today - 2016-06-14
Ramon Ang and Manuel Pangilinan Pangilinan is the chairman of PLDT Inc. and Metro Pacific Investments Corp. "Between the two of us, we want to cooperate more. We are willing to cooperate in whatever way," Ang said. San Miguel in 2014 proposed to build ...