PTT eyes 300 stations in RP
The Daily Tribune - 2016-06-05
THAILAND -- PTT Public Company Ltd. has reassured its commitment to the Philippines of its continued operations, signifying its intention to bring to 300 its present 96 stations in the country in the next five years. The biggest listed company in Thailand ...

ABS-CBN programs viewed widely on TV and online
thestandard.com.ph - 2016-06-05
ABS-CBN Corporation continued to register huge viewership on both television and online for the month of May, with a 44 percent audience share compared to GMA Network, Inc. with only 32 percent, while garnering almost 20 million page views on iWant TV.

New at the conrad
Philstar - 2016-06-05
It just seemed so natural," he tells STARweek. Under the tutelage of his Philippine High School for the Arts thesis adviser Roberto Feleo, the eager student kept his on-going drive alive - he simply believed in one life-changing value: excellence in ...

Manila Water nets P1.48 billion in first quarter
MSN - 2016-06-04
Nearly all of the company's units recorded higher billed water volume in the first quarter. Manila Water's domestic operating subsidiaries are under Manila Water Philippine Ventures, Inc. The biggest jump in billed volume was recorded in Cebu at 41% to 2.3 ...

Metro Retail to invest P10-15 billion for expansion
MSN - 2016-06-04
Inc. and Store Specialities, Inc. "We aim to build on our gains and bring our best-in-class products and services to more areas underserved by modern retail," MRSHI Chairman and Chief Executive Officer Frank S. Gaisano said in a statement. MRSGI is aiming ...

Pilates instructor builds healthiest PH office tower''
Manila Standard Today - 2016-06-04
Carmen, a pilates instructor and the youngest daughter of GMA Network Inc. co-owner Menardo Jimenez, is the managing director of Menarco Development Corp., the boutique real estate developer behind the 32-story Menarco Tower along 32nd Street in Bonifacio ...

Rizal, a century and a federal republic hence
Philippine Daily Inquirer - 2016-06-04
"[ONCE liberated] the islands will adopt probably a federal ... general counsel of the Asian Development Bank. A professor of law and history, he is active with the Knights of Rizal and the Philippine Historical Association.)

BSP exec hopeful for bank secrecy law amendments in incoming 17th Congress
news.pia.gov.ph - 2016-06-04
MACTAN ISLAND, Cebu, June 5 -- They say prevention is better ... bulk of the multimillion money stolen from Bangladesh central bank, Bangladesh Bank, ended in the Philippines. Last February, some USD 81 million dollar was sent to four accounts held by ...

Calling for a liberation from duopolists
BusinessMirror. - 2016-06-04
THEY must be licking their chops, between them--the Philippine Long Distance Telephone Co. (PLDT) and Globe Telecom Co. They have just gorged the telco assets of San Miguel Corp. (SMC). This strengthens the stranglehold of the duopolists in the Philippine ...

Unsolicited infra proposals faster to implement-Lim
BusinessMirror. - 2016-06-04
Metro Pacific Investments Corp. President Jose Maria K. Lim said the government must entertain proposals coming from the private sector, as they are faster to implement when compared to a regular tender. "We think unsolicited bids are actually faster to ...

Jollibee Foods opens 2 more stores in Singapore
Manila Bulletin - 2016-06-04
A growing number of diners in the island-state of Singapore now have more convenient ways to enjoy langhap-sarap treats with the opening of two more Jollibee Foods Corp. outlets located at Square 2 Novena and Changi City Point, both thriving commercial ...

Jollibee Foods opens 2 more stores in Singapore
Manila Bulletin - 2016-06-04
A growing number of diners in the island-state of Singapore now have more convenient ways to enjoy langhap-sarap treats with the opening of two more Jollibee Foods Corp. outlets located at Square 2 Novena and Changi City Point, both thriving commercial ...

WITH MODESTO P. SA-ONOY
Visayan Daily Star - 2016-06-04
The Salesians had been here since March 1952 when the Don Bosco Technical Institute was opened in the compound of the Victorias Milling Company. They were brought here by Don Miguel Ossorio, president of VMC to train boys to fill the technical needs of the ...

Meralco goes to court over ERC, DOE rules on retail suppliers
interaksyon.com - 2016-06-04
MANILA - Manila Electric Company is seeking to nullify recently-released rules by the Energy Regulatory Commission and the Department of Energy governing retail electricity suppliers (RES), calling the move "anti-competitive," and criticizing the regulator ...

Ayala, Sy, Gokongwei to join Aquino in US, UK trips
Rappler - 2016-06-03
MANILA, Philippines - About 26 top Filipino businessmen are part of the delegation that will accompany President Aquino in his visits to the United Kingdom and United States from June 4 to 10. President Aquino is scheduled to meet with investors and top ...

3 banks lose license
thestandard.com.ph - 2016-06-03
The board in a circular posted on its web site it canceled the licenses of Banco De Oro Savings Bank Inc., a subsidiary of BDO Unibank Inc.; JP Morgan Chase Bank, N.A. Manila branch; and Cavite-based Rural Bank of Kawit Inc. "The surrender of the banking ...

Iloilo City ready and able to do business globally
BusinessMirror. - 2016-06-03
Being the center of education in Western Visayas, the city and the province of Iloilo has a total of 10 major universities, such as the Central Philippine University ... Guimaras and Negros islands. With an educated population, proper infrastructure ...

Getting to Know the Next Generation of Small Business Buyers
Inc. - 2016-06-03
As this new generation breaks into the small business world, sellers and their brokers should brace themselves for a similar evolution. The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Jimenez firm putting up P2-B office tower in BGC
Inquirer - 2016-06-03
Menardo Jimenez, one of three major shareholders in broadcast giant GMA Network Inc., has been investing in property since the 1970s.

PSEi retests 7,500
Inquirer - 2016-06-03
PLDT, Universal Robina Corp., SM Investments Corp., BDO, Aboitiz Equity Ventures and Alliance Global Group Inc. all gained more than 1 percent. SM Prime, JG Summit, BPI, Ayala Corp. and GT Capital also contributed gains. On the other hand, Globe fell by 2 ...

Review of telecom spectrum allocation pushed
Inquirer - 2016-06-03
In light of the recent P70-billion deal to sell the telecommunication assets of San Miguel Corp. to Philippine Long Distance Telephone Co. and Globe Telecom, the FEF also urged that the review by the newly created Philippine Competition Commission (PCC ...

Bayer has secured $63 billion in financing for Monsanto bid
BusinessMirror. - 2016-06-03
The German company has selected Bank of America Corp., Credit Suisse Group AG ... Goldman Sachs, which advised Syngenta AG on its $43-billion sale to China National Chemical Corp. earlier this year, received permission from the Swiss company to provide ...

Market advances; Aboitiz, URC rise
thestandard.com.ph - 2016-06-03
Universal Robina Corp., a food manufacturer, rose 2 percent to P199.90, while Aboitiz Equity Ventures Inc. added 1.9 percent to close at P77.90. Meanwhile, most Asian stocks also traded higher Friday. With the start of June proving to be hard going ...

S&P Global Ratings: PLDT to remain stable despite huge investment in SMC
BusinessMirror. - 2016-06-03
We expect the ratio to be below 2.5x, which is our downgrade trigger." PLDT and Globe Telecom Inc. coacquired Vega Telecom Inc., Bow Arken Holdings Co. Inc., and Brightshare Holdings Corp. for about P70 billion on Monday. These companies control Bell ...

Lavinia issues statement against illegal solicitations
Manila Bulletin - 2016-06-03
Lavina issued the statement following a report that four alleged extortionists were arrested in an entrapment by the police authorities after soliciting money from the Bank of Philippine Islands (BPI) in Manila Friday, supposedly as donation for Duterte ...

Kuwait called to allow PAL flights to Dubai
Manila Bulletin - 2016-06-03
A group of Save Our Skies movement (SOS), a non-governmental organization (NGO) advocating fair open skies, has assailed the move of the Kuwaiti government for preventing flag carrier Philippine Airlines (PAL) from exercising an air right granted under a ...

Economic Big Bang
BusinessMirror. - 2016-06-03
The Philippines has had good times in the past 10 years. The Arroyo administration reduced foreign borrowing to the point where when the global financial crisis hit and no borrowing was available, the government could tap the domestic market and stay alive.

PLDT SMART SME Nation kicks off "MAKE IT BIG" campaign
Inquirer - 2016-06-03
MANILA, Philippines, June 2, 2016 - Recognizing the need to motivate small and medium enterprises which make up the backbone of the Philippine economy, PLDT Smart SME Nation recently hosted BIG Talks, a conference that brings together entrepreneurs, and ...

'On the Job' to get mini-series on Hooq
Rappler - 2016-06-03
The six-part mini-series, as Interaksyon's Edwin P. Sallan reported, is a joint production between Hooq, Globe Telecom, and Reality Entertainment, the film production outfit formed by director Erik Matti and producer Dondon Monteverde. (READ: The odyssey ...

SE Asia Stocks-Rise ahead of U.S. jobs data, Yellen's speech
Economic Times - 2016-06-03
Rig-builders Sembcorp Industries rose 1.4 percent, while Keppel Corp Ltd was up 1.3 percent ... from a year earlier on higher shipments of manufactured goods and palm oil. Philippine stocks recovered from the previous session's losses, while Thailand ...

BDO to temporarily halt some services on early Sunday
Manila Bulletin - 2016-06-03
Some services of the Sy-led Banco de Oro Unibank Inc. (BDO) will not be available early morning on Sunday, June 5, 2016, as the bank undertakes maintenance activities. In an advisory, the bank said personal and business online banking, mobile and phone ...

RAPPLER TALK: ICT infrastructure and its impact on national development
Rappler - 2016-06-03
What new things can we expect from the telco providers themselves, especially now that San Miguel Corporation has divested its telco assets to Globe and PLDT? For answers, Maria Ressa will interview Ernest Cu, President and CEO of Globe Telecom.

MIAA to probe laptop stolen from luggage, but asks passenger to report to airline
interaksyon.com - 2016-06-03
MANILA - The Manila International Airport Authority (MIAA) on Friday encouraged a family to contact their airline after reporting that some items were stolen from their luggage while traveling from the United States to the Philippines this week.

PLDT: 700 MHz deal transparent, we'll cooperate with competition commish inquiry
interaksyon.com - 2016-06-03
Pangilinan said he also remains in talks with foreign equity funds to sell PLDT's remaining 25-percent stake in power distributor Manila Electric Company. "Whatever info they need from us with respect to the transaction, we are prepared to provide to ...

COCKTALES | New Luisita mill owner cuts more Cojuangco-era management privileges
interaksyon.com - 2016-06-03
Chairman/chief executive Martin Lorenzo told shareholders of the Central Azucarera de Tarlac ahead of the June 15 annual meeting that the new board wants to reduce the board's profit-sharing fee to three percent from the current five. The reduction in ...

COCKTALES | New Luisita mill owner cuts more Cojuangco-era management privileges
interaksyon.com - 2016-06-03
Chairman/chief executive Martin Lorenzo told shareholders of the Central Azucarera de Tarlac ahead of the June 15 annual meeting that the new board wants to reduce the board's profit-sharing fee to three percent from the current five. The reduction in ...

Group worried about 'enemies of the environment' in Duterte's Cabinet
interaksyon.com - 2016-06-03
But Defend Ilocos insisted on warning that Manuel Zamora is the founding chairman of Nickel Asia Corp. (NAC) and owner, along with the Alcantara family of Alsons Consolidated Resources, Inc. (ACR). NAC, De Vera pointed out, is the mother company of ...

BDO Unibank widens Japan remittance business
m.bworldonline.com - 2016-06-03
In a related development, BDO told the Philippine Stock Exchange that the car financing venture between BDO Leasing and Finance, Inc., a listed subsidiary of BDO Unibank and Mitsubishi Motors Philippines Corp. (MMPC), Sojitz Corp. (SJC), and JACCS Co. Ltd ...

Pub manager wins £4 million on a scratchcard and goes back to work
MSN - 2016-06-02
Amadou Gillen, a 46-year-old pub manager from Trowbridge in Wiltshire, was in the middle of his shift when he popped out and bought a couple of National Lottery scratchcards. When he played the cards, and scooped an incredible £4 million, he became the ...

DMCI Homes offers resort-like living in Baguio
Big News Network - 2016-06-02
STAYING true to its promise of providing quality residential communities fit for any lifestyle, DMCI Homes cements its presence up north with two upscale developments. Outlook Ridge Residences, a 150-unit boutique leisure condominium, is the company's ...

Shell eyes start of construction for LNG facility in 2017
MSN - 2016-06-02
"We are always talking to as many people as we can," he said. The managing director noted the company is talking with First Gen Corp., which holds the most natural gas-fired power plants in the country, adding other firms such as Meralco PowerGen Corp. and ...

PLDT, Globe Strike $1.5 Billion Deal for Philippines Wireless Rival
Lexology - 2016-06-02
Philippine Long Distance Telephone Company (PLDT) and Globe Telecom--the top two providers of mobile voice and Internet services in the Philippines--joined forces Monday in a US$1.5 billion deal to acquire the wireless unit of San Miguel Corp. which had ...

Philracom requires drug testing for horses
MSN - 2016-06-02
Philippine Racing Club, and Metro Manila Turf Club. A technical working group comprising three veterinarians - Andrew Rovie Buencamino and Alejandro Cambay of Philracom and Romy Modomo - visited the Hong Kong Jockey Club and Macau Racing Club last ...

PhilWeb raising P6B via private placement
MSN - 2016-06-02
Gaming service provider PhilWeb Corp. plan to raise P6 billion through a private placement of up to 300 million shares to support its expansion program. In a disclosure to the Philippine Stock Exchange, the firm said its stockholders unanimously approved ...

Rockwell readies resort, hotel
thestandard.com.ph - 2016-06-02
Rockwell Land Inc., the property unit of the Lopez Group, will spend P7 billion to develop hotel and leisure projects as it remains upbeat about the growth of the tourism industry in the country. Rockwell Land president and chief executive Nestor Padilla ...

Rockwell readies resort, hotel
thestandard.com.ph - 2016-06-02
Rockwell Land Inc., the property unit of the Lopez Group, will spend P7 billion to develop hotel and leisure projects as it remains upbeat about the growth of the tourism industry in the country. Rockwell Land president and chief executive Nestor Padilla ...

BDO forms new company
thestandard.com.ph - 2016-06-02
BDO Leasing and Finance Inc., a subsidiary of BDO, owns a 40-percent equity interest in the newly-formed company. MAFSC is a joint venture of BDO Leasing, MMPC, Sojitz Corp. and JACCS Co. Ltd. that aims to provide financing services to individual and ...

BDO forms new company
Manila Standard Today - 2016-06-02
BDO Leasing and Finance Inc., a subsidiary of BDO, owns a 40-percent equity interest in the newly-formed company. MAFSC is a joint venture of BDO Leasing, MMPC, Sojitz Corp. and JACCS Co. Ltd. that aims to provide financing services to individual and ...

BDO forms new company
Manila Standard Today - 2016-06-02
BDO Leasing and Finance Inc., a subsidiary of BDO, owns a 40-percent equity interest in the newly-formed company. MAFSC is a joint venture of BDO Leasing, MMPC, Sojitz Corp. and JACCS Co. Ltd. that aims to provide financing services to individual and ...

Joe Fresh opens stores in the Philippines
Inquirer Lifestyle - 2016-06-02
Loblaw Companies Limited and its affiliates, the owners of the Joe Fresh brand, in partnership with Stores Specialists, Inc., a division of SSI Group, Inc., are pleased to announce the launch of Joe Fresh in the Philippines. The first Joe Fresh store is ...