Globe, PLDT 'support' call for faster internet after Duterte warning
MSN - 2016-05-23
Duterte to release all political prisoners if... The country's biggest telecommunications companies have pledged to "support" calls for faster internet services following a pronouncement by incoming president Rodrigo Duterte telling them to improve their ...

DPWH to revive crucial Laguna dike PPP
Inquirer - 2016-05-23
The three groups that qualified and collectively did not submit bid offers were Team Trident, comprised of Ayala Land Inc., SM Prime Holdings Inc., Aboitiz Equity Ventures Inc. and Megaworld Corp; San Miguel Corp.; and Alloy Pavi Hanshin LLEDP Consortium ...

Lopez group shuns use of coal
Inquirer - 2016-05-23
For the group, Lopez said they would be among the bright navigating beacons of Philippine industry, lighting pathways toward a decarbonized economy. "It will not be easy; we will have to explore many roads not yet taken and new business models that ...

New liquidity from deal with BDO
Inquirer - 2016-05-23
Mass housing developer 8990 Holdings Inc. has signed a deal to sell P3 billion worth of housing receivables to Sy family-led Banco de Oro Unibank, unlocking liquidity that can be reinvested to build and sell more houses. This brings to P11 billion the ...

MRC Allied secures clearance for Cebu solar farm
Philstar - 2016-05-23
MANILA, Philippines - A unit of MRC Allied Inc. is set to start the development of a 60-megawatt (MW) solar farm in Naga City, Cebu after securing clearance from government. In a disclosure to the Philippine Stock Exchange yesterday, MRC Allied said its ...

Lopez redeveloping Benpres lot
Manila Standard Today - 2016-05-23
Benpres previously housed major Lopez-owned companies such as Lopez Inc., FPHC and First Gen Corp. FPH, which has investments in power generation, manufacturing and property businesses, focused on boosting recurring net income, which is a better ...

PLDT plans to sell remaining 20% stake in SPi
thestandard.com.ph - 2016-05-23
PLDT Inc. plans to sell its remaining stake in business process outsourcing provider SPi Global Holdings Inc., a top executive said Monday. "We will look our options when the majority owner decides on what to do with those shares. If they can get good ...

Lopez Group drops coal plants
thestandard.com.ph - 2016-05-23
First Philippine Holdings Corp. declared the group, along with unit First Gen Corp., would not invest in coal-fired power plants and called for a decarbonized economy. FPH chairman and chief executive Federico Lopez made the announcement during the annual ...

Filinvest plays big role in Clark project
Manila Bulletin - 2016-05-23
Representatives of FIlinvest Land, Inc. (FLI), led by President and CEO Josephine Gotianun-Yap, joined the recent groundbreaking rites for Clark Green City in Tarlac. Led by the Bases Conversion Development Authority (BCDA), the event was attended by ...

Too much data, too few cell sites
Manila Bulletin - 2016-05-23
Today, building a cell site involves about 25 permits with at least 8 months lead time, lamented Globe Telecom Inc. President & CEO Ernest L. Cu. The marked increase in data traffic nationwide coupled with the lack of cell sites prompted Globe to call for ...

Filinvest plays big role in Clark project
Manila Bulletin - 2016-05-23
Representatives of FIlinvest Land, Inc. (FLI), led by President and CEO Josephine Gotianun-Yap, joined the recent groundbreaking rites for Clark Green City in Tarlac. Led by the Bases Conversion Development Authority (BCDA), the event was attended by ...

More news on the Panama Papers
BusinessMirror. - 2016-05-23
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.

Filinvest plays big role in Clark project
Manila Bulletin - 2016-05-23
Representatives of FIlinvest Land, Inc. (FLI), led by President and CEO Josephine Gotianun-Yap, joined the recent groundbreaking rites for Clark Green City in Tarlac. Led by the Bases Conversion Development Authority (BCDA), the event was attended by ...

Xiamen SM Lifestyle Center cited with marketing award
Manila Bulletin - 2016-05-23
... 2016 China Retail Summit in Shanghai recently where the 2016 ICSC China Shopping Center & Retailer Awards winners were announced. Xiamen SM Lifestyle Center, a subsidiary shopping mall of SM Prime Holdings, Inc., was presented "2016 ICSC China ...

Where Will Your Next Generation of Talent Come From?
Inc. - 2016-05-23
If we don't begin actively mentoring the next generation of employees now ... The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Workers to Digong: Rectify PNoy's 'mistake,' shield PAL employees from contractualization
interaksyon.com - 2016-05-23
... President Rodrigo Duterte to "rectify the injustice" allegedly committed by the Aquino administration against Philippine Airlines employees by approving in 2011 PAL management's outsourcing program. Renato Magtubo, chairman of Partido Manggagawa (PM ...

SE Asia Stocks-Largely up as Fed rate concerns ease; Indonesia gains
Economic Times - 2016-05-23
Philippine stocks snapped two sessions of losses, rising 0.62 percent led by industrials and consumer staples. Ayala Corp was the biggest gainer on the index, which was down 1.9 percent last week. "Volatility remains a concern due to 14-day ATR trading at ...

SMC, LT Group shrug off impending liquor ban
Philstar - 2016-05-23
MANILA, Philippines - Two of the biggest liquor makers in the country have shrugged off the possible effects of a plan to impose a nationwide ban on the sale of liquor in public places. A day after the elections, incoming president Rodrigo Duterte ...

2 ex-Uniwide execs, SEC official face civil suit
Philstar - 2016-05-23
MANILA, Philippines - Uniwide Holdings Inc. (UHI) has filed a civil suit against its two former executives along with a former official of the Securities and Exchange Commission (SEC) over the forfeiture of its P30-billion assets. Uniwide Group chairman ...

8990 sells P3B receivables to BDO
Inquirer - 2016-05-23
MASS housing developer 8990 Holdings Inc. has signed a deal to sell P3 billion worth of housing receivables to Sy family-led Banco de Oro Unibank, unlocking liquidity that can be reinvested to build and sell more houses. This brings to P11 billion the ...

PSEi bounces to 7,300 mark
Inquirer - 2016-05-23
The Philippine Stock Exchange index (PSEi) closed at 7,306.69 ... Sliding by more than 1 percent are Universal Robina Corporation, JG Summit Holdings, Inc and Philippine long Distance Telephone Company. DMCI Holdings, Inc. also declined.

8990 sells P3B contracts to BDO
Manila Bulletin - 2016-05-23
Top mass housing developer 8990 Holdings, Inc. has signed a Memorandum of Agreement with BDO Unibank for the purchase of Contract-to-Sell (CTS) receivables worth P3 billion. In a disclosure to the Philippine Stock Exchange, 8990 said terms of the agreement ...

FPHC shuns coal plants, to double wind power capacity
Manila Bulletin - 2016-05-23
First Philippine Holdings Corporation, a member of the Lopez group of companies, is shunning coal power plants and commits to invest $450 million to double its wind power capacity in the next three years. "Today, let me state unequivocally and for the ...

OIL PRICE HIKE | Diesel up by P1/L, gasoline up by P1.20/L Tuesday
interaksyon.com - 2016-05-23
In separate advisories Monday, Petron Corp., Pilipinas Shell Petroleum Corp., Seaoil Philippines Inc., Phoenix Petroleum Philippines, Total Philippines Corp. and PTT Philippines said they will increase diesel prices by P1 per liter and gasoline prices by ...

COCKTALES | Villar's Toronto-listed mining venture gets a Duterte boost
interaksyon.com - 2016-05-23
Heard through the grapevine San Miguel Pure Foods wants to stop Prifood Corp., owned by brothers Antonio and Ramon Yap of the Cebu-based Three Sixty Pharmacy chain, from selling "Snackers" chips. The San Miguel subsidiary is also suing a Malabon noodle ...

TagĂ´ fractional ownership puts owning properties of enduring class and value within reach
Inquirer Lifestyle - 2016-05-23
MANILA, Philippines - Every person has dreams of living a luxurious ... which puts into question the significant investment required to purchase and maintain it. Apart from real estate, smart buyers often use this increasingly popular acquisition ...

Century Pacific debuts on the MSCI Philippine Small Cap Index
interaksyon.com - 2016-05-23
Other new additions to the Philippine small-cap index include gaming resort operator Bloomberry and technology firm Xurpas. Pobre added, "The domestic economy continues to provide growth opportunities for a company like ours and we look forward to ...

PSE, SSS ink MOA for capital market development partnership
Manila Bulletin - 2016-05-23
The Philippine Stock Exchange, Inc. (PSE) and the Social Security System (SSS) signed a Memorandum of Agreement (MOA) to undertake cooperation initiatives in the areas of market education and Small, Medium, Emerging (SME) Board promotion. The agreement is ...

8890 hits receivables sales goal after BDO deal
MSN - 2016-05-22
8990 HOLDINGS, Inc. said it concluded a deal to sell to BDO Unibank, Inc. P3 billion worth of receivables from its home purchasers. In a disclosure to the Philippine Stock Exchange, the mass housing developer said BDO agreed to purchase the contract-to ...

Cecilio Arillo
BusinessMirror. - 2016-05-22
I CAN describe in relative perspective the last presidential debate on Sunday night in Pangasinan in one word: rhetoric. Yes, empty rhetoric, to be more specific, because none of the candidates had sincerely offered meaningful explanations and concrete ...

CitySavings outsources teacher loan processing with PetNet
MSN - 2016-05-22
CitySaving Bank Inc. (CitySavings), the thrift bank segment of the Union Bank of the Philippines (UnionBank), has expanded its footprint with its partnership with PetNet Inc. PetNet is an urgent transaction center and outsource service provider with 2,200 ...

Davao water company finalizing P9-b bank loan
thestandard.com.ph - 2016-05-22
Apo Agua Infrastructura Inc., a joint venture of Aboitiz Equity Ventures Inc. and J.V. Angeles Construction Corp., is finalizing a P9-billion long-term loan facility to finance a bulk water project in Davao City. AEV chief finance officer Manuel Lozano ...

Iran Has No Plans To Freeze Oil Exports, Official Says Ahead Of OPEC Meeting
International Business Times - 2016-05-22
Iran has no plans to freeze the level of its oil production and exports, Deputy Oil Minister Rokneddin Javadi was quoted on Sunday as saying, as the country tries to raise its crude exports to pre-sanctions levels. "Under the present circumstances, the ...

Govt set to turn over 32-MW power barge to SPC
thestandard.com.ph - 2016-05-22
... facility while the Power Sector Assets and Liabilities Management Corp. manages the assets and liabilities of NPC as mandated by the Electric Power Industry Reform Act of 2001. SPC Island Power Corp., a wholly-owned subsidiary of SPC Power Corp ...

Lazada Philippines is top internet startup
Philstar - 2016-05-22
Getting the third and fourth spots were Internet remittance company I-Remit Inc. with revenues amounting to P453.6 million, and Xurpas Inc. with revenues worth P331.8 million. Those in the sixth to 10th places were instant messaging platform provider ...

Bangko Sentral surprised by RCBC move
Inquirer - 2016-05-22
THE ANNOUNCEMENT made last week by Rizal Commercial Banking Corp. (RCBC) that it had chosen a new president and CEO to replace Lorenzo Tan in the wake of the $81-million money laundering controversy was generally well received by the public. After all ...

Metrobank tries to sever ties with large FX firms, is stopped by court
Inquirer - 2016-05-22
Money Changers and Remittance Agents Inc. (PAFEDMCRAI), namely MG Forex Corp. and GAP Forex Corp., obtained a 20-day temporary restraining order from the Makati Regional Trial Court that stopped Metropolitan Bank and Trust Co. from closing their bank ...

Century Pacific to join MSCI national index by end of May
BusinessMirror. - 2016-05-22
Other new additions to the Philippine small-cap index include Solaire casino operator Bloomberry Resorts Corp. and casual games maker Xurpas Inc. These firms replaced Philippine National Bank, SSI Group Inc. and Security Bank Corp. Security Bank was ...

March For A Veteran
BusinessMirror. - 2016-05-22
A tour of Tarlac followed with groups exploring the typical food of Tarlac. See you in Capas next year, April 11, 2017! Mabuhay and congratulations, Mayor Rodrigo R. Duterte as the newly elected President of the Republic of the Philippines! The No. 1 enemy ...

Petron to construct 12 service stations along TPLEx for P3B
BusinessMirror. - 2016-05-22
TO further cement its position in the petroleum retail market, Petron Corp. revealed plans to construct 12 new service stations along the Tarlac-Pangasinan-La Union Expressway (TPLEx), its chairman said. "Six going north and six going south," Ramon S.

Savoring the beauty and blessings of Davao
BusinessMirror. - 2016-05-22
A Philippine ... Estate Resorts, Banana Beach is touted as the only beach resort within a banana plantation, thus its name. Over the years, of course, it was also planted with other crops, mostly coconut. Managed by the Tuazons of Hijo Resources Corp ...

Davao water company finalizing P9-b bank loan
thestandard.com.ph - 2016-05-22
Apo Agua Infrastructura Inc., a joint venture of Aboitiz Equity Ventures Inc. and J.V. Angeles Construction Corp., is finalizing a P9-billion long-term loan facility to finance a bulk water project in Davao City. AEV chief finance officer Manuel Lozano ...

Century Pacific joins MSCI Index
thestandard.com.ph - 2016-05-22
Other new additions to the Philippine small-cap index were gaming resort operator Bloomberry Resorts Corp. and technology firm Xurpas Inc. "The domestic economy continues to provide growth opportunities for a company like ours and we look forward to ...

Market likely to drop on US plan to hike rates
thestandard.com.ph - 2016-05-22
Jenniffer B. Austria Heavy losers included Ginebra San Miguel Corp. which went down by 14.4 percent to P12.64, SSI Group Inc. which dropped 10.1 percent to P2.84 and Bloomberry Resorts Corp. which shed 10 percent to P4.25.

Petron eyes 12 TPLEx stations
thestandard.com.ph - 2016-05-22
Oil refiner and distributor Petron Corp. plans to establish 12 retail stations along the 88.5-kilometer, two-lane Tarlac-Pangasinan-La Union Expressway, a top executive said over the weekend. Petron president and chief executive Ramon Ang told reporters ...

QC road closure
Manila Bulletin - 2016-05-22
The affected roads are Commonwealth Avenue from Commonwealth Market to West Riverside overpass (2nd lane from center island, Southbound) and from Ever Gotesco Mall to Batasan Road (2nd lane from center island, Northbound); Mindanao Avenue from Catleya ...

Petron mulls P3-billion investment for mega-stations along TPLEX
Manila Bulletin - 2016-05-22
Leading oil industry player Petron Corporation is penciling in P3.0 billion worth of fresh investments for planned mega-stations along the stretch of the Tarlac-Pangasinan-La Union Expressway. According to Petron President Ramon S. Ang, about 12 large ...

Cebu airport operator sees net income surge by 55%
Rappler - 2016-05-22
MANILA, Philippines - Megawide Construction Corporation saw its net income for the first quarter ... 10 West and St. Moritz of Megaworld, and Cyberpark Phase 2 of the Araneta Group. Meanwhile, revenues from operations of the Mactan-Cebu International ...

Court orders tax refund to Philex Mining
Philstar - 2016-05-22
MANILA, Philippines - The Court of Tax Appeals (CTA) has ordered the refund of over P83.7 million to Philex Mining Corp. over unutilized input value-added tax (VAT) paid for the first three quarters of 2012. In two separate decisions, the CTA Second and ...

Devendra Fadnavis government may not seek JICA funds for Mumbai-Nagpur expressway
Economic Times - 2016-05-22
The Maharashtra State Road Development Corporation (MSRDC), which is implementing the 700 ... which we will take up on an EPC model," MSRDC joint managing director SM Ramchandani told PTI. The Devendra Fadnavis government, however, is reluctant to approach ...