Science Park developing 4th Batangas industrial zone
thestandard.com.ph - 2016-05-13
Science Park of the Philippines Inc., a unit of Investment ... is expected to make SPPI the biggest developer of industrial estates with combined area of more than 800 hectares. SPPI developed the first LISP in Cabuyao, Laguna in 1991.

GSIS Bank failed to attract buyers, ordered closed
Business Mirror - 2016-05-13
There have been indications some of the local boys wanted to take on the thrift lender, such as the Gokongwei-owned Robinsons Bank, also a thrift bank, as well as the Philippine Business Bank and even the Union Bank, owned by the Aboitiz family of Cebu ...

What To Expect This 13F Season (And Which Hedge Funds To Watch)
MSN - 2016-05-13
As of the end of the fourth quarter of 2015, the most popular stock among institutional investors was Apple Inc. (NASDAQ ... aggregate value of its holdings reached $22.22 billion as of December 31. Andreas Halvorsen's Viking Global Management held ...

6 Successful Companies That Are Employee-owned
Investopedia - 2016-05-13
As an article published by the Employee Ownership Foundation explains, "Employee-owners have a different attitude about their company ... Philadelphia, Alliance Holdings is an unconventional private equity firm that is completely employee-owned through ...

A tale of two libraries
Inquirer Opinion - 2016-05-13
Obando Memorial Elementary School in Lipa spoke of how the 560 students ... access to books was again evident in The Book Stop, the pop-up library that William Ti Jr., principal of the WTA Architecture & Design Studio, launched at the Ayala Triangle ...

Jollibee Q1 profit up 18%
Inquirer - 2016-05-13
Fast-food giant Jollibee Foods Corp. grew its net profit in the first three months by 17.7 percent year-on-year to P1.4 billion, as election-related spending boosted store sales. System-wide sales in the first quarter went up by 14.8 percent year-on-year ...

4 foreign firms eye SMC band
Manila Standard Today - 2016-05-13
"If they [Globe and PLDT] are wiling cooperate and make this a level playing field for the three of us, definitely I am open [for partnership]," Ang said. Ang said San Miguel planned to offer its own mobile broadband this year. He said San Miguel would ...

PSEi breaches 7,400
Inquirer - 2016-05-13
The Philippine Stock Exchange index (PSEi) racked up 111.75 points or 1.53 ... president of Eagle Equities Inc. There was P670 million in net foreign buying at the local market for the day. Elsewhere in the region Friday, stock markets were mostly lower ...

President Aquino meets with Singaporean hotelier in Malacañang
news.pia.gov.ph - 2016-05-13
MANILA, May 14 - Veteran hotelier Jennie Chua of Singapore, accompanied by Jollibee Foods Corp. founder and chairman Tony Tan Caktiong, paid a courtesy call on President Benigno S. Aquino III at the Palace on Friday. Also present during the courtesy call ...

Stocks hit 7,400 level; DD leads advancers
thestandard.com.ph - 2016-05-13
Advancers led losers, 112 to 78, while 49 issues were unchanged. Fifteen of the 20 most active stocks ended in the green, led by DoubleDragon Properties Corp., which climbed 13.4 percent to P49. Security Bank Corp. rose 5.8 percent to P190.50, while ...

GSIS Bank failed to attract buyers, ordered closed
BusinessMirror. - 2016-05-13
There have been indications some of the local boys wanted to take on the thrift lender, such as the Gokongwei-owned Robinsons Bank, also a thrift bank, as well as the Philippine Business Bank and even the Union Bank, owned by the Aboitiz family of Cebu ...

Weakening El Niño to still fuel hot weather
Manila Bulletin - 2016-05-13
Warmer-than-normal weather will continue nationwide this year despite the weakening El Niño phenomenon. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) said the country will still experience above-average ...

The Philippine economy may have overshot its largest companies
BusinessMirror. - 2016-05-13
The data he used were publicly audited financial statements of Aboitiz Group, Alliance Global Group, Ayala Corp., DMCI Holdings, JG Summit Holdings, San Miguel Corp. and SM Investments. He initially showed that the averaged revenues of the seven ...

BSP seen adjusting rates to tighten market band
BusinessMirror. - 2016-05-13
In an economic commentary released on Friday, Bank of the Philippine Islands (BPI) research officer Nicholas Mapa said the BSP may lower policy rates to provide for a "tighter corridor" for the market. "May 16 may see the BSP implement the adjustment ...

Jollibee profit increased by 18% to P1.4 billion in Q1
BusinessMirror. - 2016-05-13
FASTFOOD giant Jollibee Foods Corp. said it posted close to an 18-percent increase in profit during the first quarter of the year on robust sales across company-owned and franchised stores both locally and abroad. In a disclosure to the Philippine Stock ...

Bloomberry Resorts losses widened to P1.15 billion in Q1
BusinessMirror. - 2016-05-13
BLOOMBERRY Resorts Corp., the gambling arm of billionaire Enrique Razon, said its losses widened during the first quarter of the year as revenues fell. The operator of Solaire Resort and Casino in Entertainment City said its losses further deepened to P1 ...

WB provides $44-M guarantee to 2 RE projects
Manila Bulletin - 2016-05-13
The World Bank (WB) has approved ... solar power to remote communities and islands not connected to the electricity grid managed by electric cooperatives. Mara K. Warwick, World Bank country director for the Philippines said the two projects can boost ...

Phoenix Petroleum earns P255 million
Manila Bulletin - 2016-05-13
Publicly listed Phoenix Petroleum Philippines, Inc. has logged 11-percent income jump in the first quarter to P255 million from year-ago level of P230 million. The oil firm, which generally traced its roots from the Davao-land of presumptive President ...

Phoenix Petroleum earns P255 million
Manila Bulletin - 2016-05-13
Publicly listed Phoenix Petroleum Philippines, Inc. has logged 11-percent income jump in the first quarter to P255 million from year-ago level of P230 million. The oil firm, which generally traced its roots from the Davao-land of presumptive President ...

SM opens Trece Martires, Cavite mall
Manila Bulletin - 2016-05-13
This is also the fifth mall in the province of Cavite after the successes of SM City Bacoor, SM City Dasmariñas ... year reaching a total of 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sqm by the end of ...

Alliance Global posts P5.3-B profit
Manila Bulletin - 2016-05-13
Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Andrew Tan, posted a 5 percent dip in net income to P5.3 billion in the first three months of this year as consolidated revenues were generally steady at P33.1 billion.

Alliance Global posts P5.3-B profit
Manila Bulletin - 2016-05-13
Megaworld Corporation delivered a 12 percent year-on-year increase in earnings to P2.63 billion as consolidated revenues, which include the contribution from its subsidiary brands Global-Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. and ...

Cebu Pacific net profit doubled to P4.04 billion in January-March
BusinessMirror. - 2016-05-13
PROFITS of low-cost carrier operator Cebu Air Inc. almost doubled during the first quarter of the year, as all business segments registered robust growth thanks to the increasing demand for budget traveling. The listed airline booked a net profit P4.04 ...

5 Surprising Things You Should Know About Generation Z
Inc. - 2016-05-13
To attract and retain this next generation of employees ... The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

Bloomberry losses more than doubled to P1.16B in Q1
Manila Bulletin - 2016-05-13
Bloomberry Resorts Corporation, owner and operator of the Solaire Resort & Casino and Jeju Sun Hotel & Casino, reported a P1.16 billion net loss for the first quarter of 2016, more than double the P533 million loss reported in the same period last year.

Vita Coco introduces pineapple variant
thestandard.com.ph - 2016-05-13
Manufactured and distributed in the Philippines by Century Pacific Food Inc., Vita Coco Pineapple is available at leading convenience stores and supermarkets nationwide. For more information, visit www.vitacoco.com/ph or VitaCocoPH on Facebook.

Jollibee profit rise on election spending, better margins
Manila Bulletin - 2016-05-13
Jollibee Foods Corporation (JFC), the largest Asian food service company, reported a 17.7 percent rise in attributable net income in the first quarter of 2016 to P1.4 billion on stronger sales and better margins. In a disclosure to the Philippine Stock ...

Jollibee profit rise on election spending, better margins
Manila Bulletin - 2016-05-13
Jollibee Foods Corporation (JFC), the largest Asian food service company, reported a 17.7 percent rise in attributable net income in the first quarter of 2016 to P1.4 billion on stronger sales and better margins. In a disclosure to the Philippine Stock ...

PHL shares surge to 9-month high above 7,400
interaksyon.com - 2016-05-13
The holding firms sector was the biggest gainer, with the index surging by 3.13 percent led by conglomerates Ayala Corp., Aboitiz Equity Ventures Inc., Alliance Global Inc., Cosco Capital Inc. and DMCI Holdings Inc. "Market participants digested on first ...

What's next for best-performing PH economy under Duterte admin?
Rappler - 2016-05-13
MANILA, Philippines - In its year report last year ... the government should look at it as an investment rather than as expenditure. OBG partner and Metrobank vice chairman Francisco Sebastian pointed out that the government already has the money ...

Jollibee nets P1.4B
Inquirer - 2016-05-13
FAST-food giant Jollibee Foods Corp. boosted its net profit in the first three months by 17.7 percent year-on-year to P1.4 billion, driven by a double-digit expansion in store sales. System-wide sales in the first quarter went up by 14.8 percent year-on ...

Sun Life CEO Defends Mutual Funds
MSN - 2016-05-13
May 12 -- Dean Connor, CEO of Sun Life Financial joins Bloomberg TV Canada's Rudyard Griffiths to discuss mutual funds' advantages facing competition from ETFs. (Source: Bloomberg) The Wall Street Journal.

More banks partner with Lendr for sale of products
m.bworldonline.com - 2016-05-13
MORE BANKS have recently partnered with digital lending platform ... In a statement yesterday, Lendr said consumer loan products of listed Philippine Business Bank of the Yao group along with seven banks and financial institutions -- Bank of Makati ...

PHL shares surge to 9-month high above 7,400
MSN - 2016-05-12
The holding firms sector was the biggest gainer, with the index surging by 3.13 percent led by conglomerates Ayala Corp., Aboitiz Equity Ventures Inc., Alliance Global Inc., Cosco Capital Inc. and DMCI Holdings Inc. â Market participants digested on ...

Vista Land issuing 2nd tranche of Homebuilder Bonds in 2016
MSN - 2016-05-12
VLL President and CEO Manuel Paolo A. Villar says the company is still evaluating whether it will be a single payment bond or a hybrid to allow investors some flexibility  with the payment terms. "The first homebuilder was quite successful and we're ...

SMC, Ayala book robust profits
thestandard.com.ph - 2016-05-12
San Miguel Corp. and Ayala Corp., two of the country ... we are encouraged by the upbeat first-quarter results of our businesses. We believe the Philippines continues to be fundamentally strong, and we expect most of our businesses to continue growing ...

CebuPac sells 4 planes
thestandard.com.ph - 2016-05-12
Cebu Air Inc. said the delivery of the four aircraft to Allegiant Travel Company was scheduled from 2017 to 2018. Allegiant is the parent company of Las Vegas-based low-cost airline Allegiant Air. Cebu Pacific president and chief executive Lance Gokongwei ...

Vista Land reached P1-billion lease income, space in Q1
BusinessMirror. - 2016-05-12
It completed four malls located in Taguig, San Jose del Monte in Bulacan, Santa Rosa in Laguna and Balanga in Bataan and one BPO commercial ... prime office space, university town, health care, themed residential developments and leisure components.

Serge Osmeña accepts defeat
Philippine Daily Inquirer - 2016-05-12
Reelectionist Sen. Sergio Osmeña III has accepted his loss, a surprising one for a veteran politician and an incumbent at that. "The Filipino people have spoken. We accept their decision," Osmeña said in a text message to the Inquirer. Osmeña has ...

Strong Q1 sees Ayala Corp. profit reaching P5.8B
Inquirer - 2016-05-12
Ayala Land and Manila Water each posted double-digit growth in equity earnings contribution, rising by 16 percent and 13 percent, respectively. Meanwhile, Ayala Automotive rebounded in the first three months of the year with equity earnings contribution ...

Megaworld income rose 12.13% in Q1 to P2.63B
Inquirer - 2016-05-12
and Forbes Town Center (5 hectares), all in Fort Bonifacio; The Mactan Newtown in Cebu (28.8 hectares) and Iloilo Business Park (72 hectares) and Sta. Barbara Heights (173 hectares), both in Iloilo.

Bureau of Immigration to adopt online payment system
news.pia.gov.ph - 2016-05-12
Dela Paz, Country Head and Mr. Jerome B. Vinarao, Sales Manager, Partner Channel together with the Bank of the Philippine Islands represented by Mr. John Vic A. Bolido on 10 May 2016 for the provision of an online payment system. The online payment system ...

Megaworld income rose 12% to P2.63 billion in January to March
BusinessMirror. - 2016-05-12
MEGAWORLD Corp., the property-development firm of businessman Andrew L. Tan, said its income grew 12 percent to P2.63 billion, from P2.35 billion last year, as revenues rose to an all-time high. The company said its rental business boosted its income for ...

Stocks with Mindanao connection seen to become big winners
BusinessMirror. - 2016-05-12
With the Philippine Stock ... steel and an industrial park, President Ramon S. Ang said in a mobile-phone text message. San Miguel shares rose 5.4 percent on Wednesday. Power producers, such as Alsons and First Gen Corp., also stand to benefit from Duterte ...

PHL widens deployment of e-vehicles--Evap head
BusinessMirror. - 2016-05-12
Likewise, e-tricycles are being adopted not only in Metro Manila, particularly in areas of Manila and Mandaluyong, but also in provinces such as Boracay in Aklan, Naga in Camarines Sur, and Coron in Palawan, where a single largest deployment of 100 units ...

Megaworld improves net profit to P2.63 billion on record revenues
Manila Bulletin - 2016-05-12
Consolidated revenues of the Megaworld Group, which includes its Global Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. and Suntrust Properties, Inc., amounted to P11.46 billion for the first three months of the year, up 9.49 percent from P10 ...

EV revolution spreads
Manila Standard Today - 2016-05-12
EJeepneys have been fielded in various areas like Makati, Filinvest City in Alabang, Bonifacio Global City, Las Pinas, Iloilo, Bacolod, Muntinlupa and even in university campuses like La Salle and Ateneo. Etrikes have been prospering in Boracay ...

Globe Telecom bags 3 citations from Finance Asia
Manila Bulletin - 2016-05-12
Globe Telecom bagged three citations from Finance Asia, a leading publisher of financial news in the Asia Pacific region. The company was given two major company awards and an individual category citation. The two company recognitions were Most Committed ...

Clarifying tax-free exchanges involving transfers of property in exchange for stock
BusinessMirror. - 2016-05-12
Such transactions may involve transfers of property in exchange for shares of stock, transfers of shares of stock for other shares of stock and transfers of securities in exchange for shares of stock. And, in order for such exchanges to be considered as ...

Megaworld improves net profit to P2.63 billion on record revenues
Manila Bulletin - 2016-05-12
Consolidated revenues of the Megaworld Group, which includes its Global Estate Resorts, Inc. (GERI), Empire East Land Holdings, Inc. and Suntrust Properties, Inc., amounted to P11.46 billion for the first three months of the year, up 9.49 percent from P10 ...