Regina Capital forges deal with 7 Seas to offer PHL stocks to Japanese firms
BusinessMirror. - 2016-05-20
STOCKBROKER Regina Capital Development Corp. has forged a partnership with a Japanese ... because of the prohibition against foreigners owning other real-estate properties in the Philippines, they want to broaden their interest in your country," Uejima ...

SM Prime files P60-billion shelf registration of debt
BusinessMirror. - 2016-05-20
MALL operator SM Prime Holdings Inc. has filed for a P60-billion shelf registration of its debt with the Securities and Exchange Commission, a portion of which will be issued immediately. The property development arm of the Sy family said in its ...

25 Establishments to Help Prepare Your Child for School
smartparenting.com.ph - 2016-05-20
Summer vacation is almost over, and kids will soon be going back to school... a bit rusty, probably. With more than two months with no school books and homeworks, how could they not be? Ease them back into school routine by spending the remaining weeks of ...

Globe revenues soared to P9.1 billion in Q1
BusinessMirror. - 2016-05-20
MOBILE-services provider Globe Telecom Inc. reported on Friday its mobile-data business continued to support its growth in the first quarter, thanks to the growing demand for Internet services and the popularity of data-driven products and applications.

PSEi slides to 7,200 on political, US Fed jitters
Inquirer - 2016-05-20
Investors sold down shares of SMIC, ALI, MPI, Megaworld and GTCAP which all slid by over 3 percent while SM Prime, PLDT and BDO all declined by over 2 percent. AC, Metrobank and Meralco all slipped by over 1 percent while URC, JG Summit, Semirara and BPI ...

"Change is coming"
Manila Standard Today - 2016-05-20
No surprise that major developers have set up camp, including projects by Shang Properties, SMDC, Ayala, Eton, Megaworld and Filinvest. Bedroom of Makati office workers Residential condominiums in this area report high occupancy rates because of BPO ...

PAL to begin next month Manila-Osaka-Taipei service
Manila Bulletin - 2016-05-20
Philippine Airlines (PAL) starts flying from Osaka to Taipei daily starting next month, June 25, 2016 made possible through 5th freedom rights held by the Philippines. "PAL is all set to establish this sought-after air link to connect the Japanese and ...

Apollo Health & Lifestyle to raise $135 million from IFC
wap.business-standard.com - 2016-05-20
Apollo Health and Lifestyle, part of Chennai-based Apollo Hospitals, is planning to raise $135 million from International Finance Corporation (IFC). This includes equity investment ... within a government hospital). Alliance Dental Care Limited (ADCL ...

Megawide Q1 profit up 55%
Manila Bulletin - 2016-05-20
Diversifying engineering company Megawide Construction Corporation said its net income grew 55 percent to P573 million in the first quarter of 2016, supported by growing demand for residential and office spaces. In a disclosure to the Philippine Stock ...

Megawide Q1 profit up 55%
Manila Bulletin - 2016-05-20
Diversifying engineering company Megawide Construction Corporation said its net income grew 55 percent to P573 million in the first quarter of 2016, supported by growing demand for residential and office spaces. In a disclosure to the Philippine Stock ...

Megawide nets P491M
Inquirer - 2016-05-20
CONSTRUCTION and engineering firm Megawide Corp. posted P491.23 million in first quarter net ... Le Grand BPO Cluster phase 1 and 2 of Megaworld, 8990 Tower in Edsa and Tondo of 8990 Holdings Inc., Landers Warehouse Balintawak & Otis of Southeast Asia ...

Ballard Power Systems to sell methanol telecom backup power business for up to $6.1 mln
Economic Times - 2016-05-20
We remain confident in the long-term potential for fuel cell systems to effectively serve the backup power needs of telecom operators around the globe. With the addition of these assets, we believe CHEM will be well positioned to become the leading ...

DOE to hold Euro 4 Fuel Economy Run on May 27
news.pia.gov.ph - 2016-05-20
Participating vehicle manufacturers and dealers include Pilipinas Taj Group Inc. (Tata Motors Ph), Eurobrands Distributor Inc. (Peugeot), Automotive Central Enterprise Inc. (Volkswagen), Asianbrands Motors Corporation (Mahindra), Berjaya Auto Philippines ...

2016 Vios Cup set to race at Filinvest
Rappler - 2016-05-20
MANILA, Philippines - The second leg of the 2016 Vios Cup is set to happen from May 21 to 22 at Filinvest City, Alabang, Muntinlupa City. After taking the heat to various locations across the Philippines, Toyota looks forward to bringing back the waku ...

WATCH | Bangladesh demand to PH: return immediately $81-M stolen bank funds
interaksyon.com - 2016-05-20
Wong, the casino junket operator, had earlier told the Senate that two high-rollers from Beijing and Macau shifted the $81 million to dollar accounts at Manila's Rizal Commercial Banking Corporation (RCBC). Wong said he did not know that the money was ...

Rappler in Forbes Philippines' list of top tech startups
Rappler - 2016-05-20
I-Remit, Incorporated; Xurpas, Incorporated; Chikka Philippines, Incorporated; Level Up! Incorporated; Rappler, Incorporated; and MetroDeal, Incorporated also joined the list of top startups, ranked according to gross revenue in 2014. Riding the ...

Alsons eyeing 150MW solar development projects
Manila Bulletin - 2016-05-20
The power generation arm of the Alcantara group will be shifting next its investment terrain on renewable energy (RE) developments - with it setting its sights on phased developments of up to 150 megawatts of solar capacity. This will be in addition to ...

Alsons eyeing 150MW solar development projects
Manila Bulletin - 2016-05-20
The power generation arm of the Alcantara group will be shifting next its investment terrain on renewable energy (RE) developments - with it setting its sights on phased developments of up to 150 megawatts of solar capacity. This will be in addition to ...

PBCom improves earnings
Manila Bulletin - 2016-05-20
Philippine Bank of Communications (PBCom) reported a consolidated net income of P28.1 million for the first quarter of 2016 compared to P17.6 million for the corresponding period in 2015. The improvement in net income came as a result of higher operating ...

PBCom improves earnings
Manila Bulletin - 2016-05-20
Philippine Bank of Communications (PBCom) reported a consolidated net income of P28.1 million for the first quarter of 2016 compared to P17.6 million for the corresponding period in 2015. The improvement in net income came as a result of higher operating ...

"Change is coming"
thestandard.com.ph - 2016-05-20
Metro Manila residents, in particular, ostensibly threw their support behind the tough talking mayor from Davao, Rodrigo Duterte, with his catchy battlecry: "change is coming ... including projects by Shang Properties, SMDC, Ayala, Eton, Megaworld ...

DOE to hold Euro 4 Fuel Economy Run on May 27
news.pia.gov.ph - 2016-05-19
CLARK FREEPORT ZONE, May 20 (PIA) -- Around 100 vehicles are set to take part in the Euro 4 Fuel Economy Run of the Energy Utilization ... Asianbrands Motors Corporation (Mahindra), Berjaya Auto Philippines (Mazda), Ssangyong Berjaya Motor Philippines ...

Only Kim Wong allows Senate to access phone records
MSN - 2016-05-19
To recall, all central players - Wong, former Rizal Commercial Banking Corp. (RCBC) Jupiter branch Maia Santos-Deguito, remittance firm PhilRem Service Corp. President Salud "Sheba" Bautista and Treasurer Michael "Concon" Bautista - agreed to ...

Roxas Holdings raises P1.1b
thestandard.com.ph - 2016-05-19
Sugar producer Roxas Holdings Inc. raised P1.117 billion from a stock rights offering amid strong demand from investors, according to the underwriter that handled the transaction. BDO Capital and Investments Corp. president Eduardo Francisco said in a text ...

Roxas Holdings raises P1.1b
Manila Standard Today - 2016-05-19
Sugar producer Roxas Holdings Inc. raised P1.117 billion from a stock rights offering amid strong demand from investors, according to the underwriter that handled the transaction. BDO Capital and Investments Corp. president Eduardo Francisco said in a text ...

WATCH | Bangladesh demand to PH: return immediately $81-M stolen bank funds
MSN - 2016-05-19
China has dismissed the suggestion ... from Beijing and Macau shifted the $81 million to dollar accounts at Manila's Rizal Commercial Banking Corporation (RCBC). Wong said he did not know that the money was stolen from Bangladesh and that he merely ...

Laundering law seen to include casinos soon
Philippine Daily Inquirer - 2016-05-19
The stolen funds had come from the Bangladesh account in the New York Federal Reserve and found its way to a Rizal Commercial Banking Corp. (RCBC) branch from which most of it was delivered to casino junket operators. "[We will recommend] the inclusion ...

Aboitiz-owned remittance firm to expand operations
Inquirer - 2016-05-19
Petnet Inc., a remittance company owned by conglomerate Aboitiz Equity Ventures Inc., announced a rebranding initiative on Thursday in line with plans to expand its business, both for money transfer and new areas such as loans. Petnet, established 17 years ...

PAL all set to operate flights between Osaka and Taipei on June 25
Inquirer - 2016-05-19
On the other hand, leisure travelers from Taipei may take advantage of this direct flight to Japan and travel on to Manila or Cebu. PAL has 10 weekly frequencies between Taipei and Manila and 14 frequencies between Osaka and Manila. "Our Manila ...

Yao firm earmarks P2B for expansion program
Inquirer - 2016-05-19
Macay Holdings, a beverage investment holding firm led by businessman Alfredo Yao, has earmarked around P2 billion for capital outlays this year and is firming up its expansion plans across Southeast Asia. In the Visayas, the group recently expanded ...

MNTC increases income to P922m
thestandard.com.ph - 2016-05-19
Manila North Tollways Corp. said on Thursday net income rose 35 percent in the first quarter of the year, boosted by higher vehicle traffic volume at North Luzon Expressway and Subic-Clark Tarlac Expressway. The tollway unit of Metro Pacific Investments ...

Regina Capital forges deal with 7 Seas to offer PHL stocks to Japanese firms
BusinessMirror. - 2016-05-19
STOCKBROKER Regina Capital Development Corp. has forged a partnership with a Japanese ... because of the prohibition against foreigners owning other real-estate properties in the Philippines, they want to broaden their interest in your country," Uejima ...

Airline operators support bid for Naia privatization
BusinessMirror. - 2016-05-19
In December 2013 GMR Infrastructure, in partnership with Megawide Construction Corp. of the Philippines, won the bid to operate the MCIA for P14.4 billion (approximately $320 million). The concession agreement, signed between the consortium and the ...

ERC approves Meralco capex of P15.466 billion
Manila Bulletin - 2016-05-19
The Energy Regulatory Commission (ERC) has approved P15.466-billion capital expenditures (capex) for power utility giant Manila Electric Company (Meralco) for year 2016 - generally for the upgrade, expansion and digitization of facilities and networks.

PSPC signs new supply contract with Samsung
Manila Bulletin - 2016-05-19
Phoenix Semiconductor Philippines Corporation (PSPC) announced that it has signed a new Master Agreement for the production of memory products for Samsung of South Korea. In a disclosure to the Philippine Stock Exchange, PSPC said the agreement was signed ...

BSP poises sanctions on firms, execs in money laundering
Manila Bulletin - 2016-05-19
But Espenilla said any action to be taken by the BSP will be separate from the cases filed before the Department of Justice (DOJ) against Rizal Commercial Banking Corp. (RCBC) officers, money remittance company owners and a casino junket operator.

Vios cup set to race at Filinvest, Alabang
Manila Bulletin - 2016-05-19
The 2016 Vios Cup is held in partnership with Bridgestone and Rota, supported by Motul, Brembo, Denso, AVT, OMP, Tuason Racing.com and Filinvest Land. For more updates and information about the Vios Cup, visit www.toyota.com.ph.

Petnet has new retail brand name
BusinessMirror. - 2016-05-19
The largest agent network of Western Union in the Philippines, Petnet, on Thursday unveiled its new brand name--Pera Hub--less than a year after Aboitiz Equity Ventures acquired majority ownership of the financial services company. Securing a 51-percent ...

Lawmaker rejects DOE proposal for legislated power-mix policy
BusinessMirror. - 2016-05-19
Trans Asia Oil and Energy Corp. President Francisco Viray, a former energy secretary, said the company would definitely explore opportunities offered by the much awaited power-mix policy of the incoming government. "An energy mix will define new ...

Senate wraps up probe on $81-million cyber theft
BusinessMirror. - 2016-05-19
transferred to and withdrawn from fictitious accounts at Rizal Commercial Banking Corp. and laundered in Philippine casinos. Sen. Teofisto D. Guingona III, probe chairman, said the Blue Ribbon Committee will now prepare a report, likely to include ...

Breaking the barriers
BusinessMirror. - 2016-05-19
Recently, Berjaya Auto Philippines, the exclusive distributor of Mazda vehicles in the country has finally introduced their latest SkyActiv-D diesel powertrain exclusive and as an additional variant for the Mazda6 Executive Sedan and the CX-5 compact Sport ...

PSE suspends trading on 4 listed firms
Inquirer - 2016-05-19
In various memoranda, the PSE announced the suspension of LMG Chemicals, Chemical Industries of the Philippines (CIP) and Century Peak Metals Holdings Corp. (CPM) starting Tuesday (May 17) all for failing to submit their respective annual reports for the ...

Registration up for Manila Bay clean-up run
Philstar - 2016-05-19
MANILA, Philippines - Manila Broadcasting Company will mount the sixth Manila Bay clean-up run July 10. The event, open to all interested participants and will feature races in the 3K, 5K, 10K, and 21K divisions for both men and women. Medals and cash ...

Puregold forays into online shopping
Philstar - 2016-05-19
Other major retailers in the country have been aggressive in expanding their services online. On Monday, Robinsons Retail Holdings of the Gokongwei family announced its partnership with HappyFresh Philippines for an online grocery delivery service.

Samsung renews contract manufacturing agreement with Phoenix Semiconductor
Business Mirror - 2016-05-19
PUBLICLY listed Phoenix Semiconductor Philippines Corp. on Wednesday said its majority owner SFA Semicon Co. Ltd. has signed a deal with Samsung Electronics Co. Ltd., the master agreement for the production of memory products for the South Korean ...

SE Asia Stocks-Fall on U.S. rate hike concerns; Philippines worst hit
Economic Times - 2016-05-19
Financial stocks took a hit, with Bank of the Philippine Islands down 1.1 percent as of 0459 GMT, while Metropolitan Bank and Trust Co fell 2.3 percent. Not with-standing the Fed-driven selloff, analysts said the Philippine market had the potential to ...

Only Kim Wong keeps promise to sign waiver on phone records
Rappler - 2016-05-19
Sacked Rizal Commercial Banking Corporation (RCBC) branch manager Maia Santos-Deguito and PhilRem Service Corporation owner Salud Bautista did not live up to their promise to let the Senate cross-examine their phone call logs. "In the last hearing ...

Copper output seen doubling in 2017 as 3 major mines to start operating in Q4
interaksyon.com - 2016-05-19
The basis for the robust outlook is the fact that three major mines are expected to start operations late this year: Nationwide Development Corporation's King-King project in Compostella Valley and Philex Mining's Silangan copper gold mine. At the same ...

Vios cup set to race at Filinvest, Alabang
GMA Network - 2016-05-19
The number one automotive brand in the Philippines is gearing up for the 2016 Vios Cup SECOND leg slated on May 21 - 22 (Saturday-Sunday) at Filinvest City, Alabang in Muntinlupa City. After taking the heat to various locations across the country, Toyota ...

PSE lifts trading suspension on LMG, Chemphil
Inquirer - 2016-05-19
Chromite, nickel and iron are the minerals of main interest in these active projects and mineral prospect. Another firm, SPC Power Corp. (SPC), likewise remains suspended from the trading floor for failing to meet the minimum public ownership requirement ...