Emperador to export brandy to North America in second half of 2016
interaksyon.com - 2016-05-16
MANILA -- Listed liquor company Emperador Inc., owned by tycoon Andrew L. Tan, will start exporting this second half of 2016 its brandy to North America, as it aggressively expands globally in a bid to increase share of overseas sales to its total revenues.

Firms, PR agencies vie for Quill awards
Manila Standard Today - 2016-05-16
Aiming to be the first to bag the top award in communication research are Eon The Stakeholder Relations Groups with two entries (Groundswell, social listening tool for PR practitioners; The 2014 Philippine Trust Index), and the Manila Electric Company with ...

RCBC names Buenaventura new president
Philstar - 2016-05-16
Buenaventura was a former senior executive vice president and chief operating officer of the Bank of the Philippine Islands (BPI) and president and chief executive officer of Prudential Bank when it was acquired by BPI. He also served as executive vice ...

Robinsons Retail goes into online grocery delivery
Philstar - 2016-05-16
MANILA, Philippines - Robinsons Retail Holdings Inc. is venturing into online grocery delivery service through a partnership with HappyFresh Philippines. With the partnership launched last Sunday, Robinsons Retail said customers can now make an order from ...

PSEi surges to 7,500
Inquirer - 2016-05-16
SM Prime rose 3.15 percent while Jollibee, Megaworld and First Gen all advanced more than 2 percent. SMIC, DMCI and MPI all gained more than 1 percent while AC, GTCAP, URC and PLDT contributed modest gains. Outside of the PSEi, one notable gainer was ...

Robinsons Retail earnings rose 9.6% in Q1 to P696M
Inquirer - 2016-05-16
Gokongwei-led retailer Robinsons Retail Holdings Inc. grew core earnings in the first quarter ... RRHI also disclosed to the Philippine Stock Exchange Monday that net income attributable to equity holders of the parent company grew by a marginal 0.5 ...

MNTC to spend P2B for upgrade, repair of SCTEx
Inquirer - 2016-05-16
MNTC, a unit of Manuel V. Pangilinan-led Metro Pacific Investments Corp., said the upgrade was aimed at making the 94-kilometer SCTEx a "world-class" tollroad. MNTC assumed operations of the SCTEx in October last year following a six-year delay.

Stock market tops 7,500 points; JG Summit rises
thestandard.com.ph - 2016-05-16
The Philippine Stock Exchange ... while SM Prime Holdings Inc. of retail tycoon Henry Sy Sr. advanced 3.2 percent to P24.55. Major property developer Megaworld Corp. climbed 2.6 percent to P4.36, while First Gen Corp. of the Lopez Group increased 2.6 ...

Firms, PR agencies vie for Quill awards
thestandard.com.ph - 2016-05-16
Competing for top award in the communication skills division are ABS-CBN Corp. (e-Frequency Relaunch), Ayala Corp. (Ayala Beats@180: Dedicated People Fuel Past, Present, Future Success), Jollibee Foods Corp. (We are Chickenjoy Nation), Mommy Mundo (# ...

Bloomberry net loss more than doubles to P1.16 billion in Q1
Manila Bulletin - 2016-05-16
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.

Bloomberry net loss more than doubles to P1.16 billion in Q1
Manila Bulletin - 2016-05-16
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.

Bloomberry net loss more than doubles to P1.16 billion in Q1
Manila Bulletin - 2016-05-16
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.

Cosco Capital posts record R1.08-B net profit in first quarter
Manila Bulletin - 2016-05-16
Cosco Capital, Inc., the retail holding firm of tycoon Lucio Co, reported a record attributable net income of R1.08 billion in the first quarter of 2016, a 12 percent growth compared to the R965 million earned in the same period last year. "Our company ...

Cosco Capital posts record R1.08-B net profit in first quarter
Manila Bulletin - 2016-05-16
Cosco Capital, Inc., the retail holding firm of tycoon Lucio Co, reported a record attributable net income of R1.08 billion in the first quarter of 2016, a 12 percent growth compared to the R965 million earned in the same period last year. "Our company ...

Cosco Capital posts record R1.08-B net profit in first quarter
Manila Bulletin - 2016-05-16
Cosco Capital, Inc., the retail holding firm of tycoon Lucio Co, reported a record attributable net income of R1.08 billion in the first quarter of 2016, a 12 percent growth compared to the R965 million earned in the same period last year. "Our company ...

Cosco Capital posts record R1.08-B net profit in first quarter
Manila Bulletin - 2016-05-16
Cosco Capital, Inc., the retail holding firm of tycoon Lucio Co, reported a record attributable net income of R1.08 billion in the first quarter of 2016, a 12 percent growth compared to the R965 million earned in the same period last year. "Our company ...

PCPPI posts P1.6-B gross profit from P8.2-B revenues
Manila Bulletin - 2016-05-16
Pepsi-Cola Products Philippines, Inc. (PCPPI) has posted a double-digit increase in sales volume in the first quarter of 2016 but registered weaker earnings due to higher sugar prices and the start up of its snacks business. In a disclosure to the ...

Aboitiz Equity Ventures bullish in 2016
Manila Bulletin - 2016-05-16
On the energy front, the company reiterated that AboitizPower is well on track to expanding its power generation capacity to 4,000 MW by 2020 to help the nation address its power requirements. Aboitiz said they are expecting full year contribution from ...

DMCI bags P2.9-billion projects in Q1
Manila Bulletin - 2016-05-16
D.M. Consunji, Inc. (DMCI), the construction arm of DMCI Holdings, Inc. (PSE: DMC), was awarded P2.9 billion worth of building and water projects during the first quarter of 2016, bringing its total order book to P30 billion. In a disclosure to the ...

DMCI bags P2.9-billion projects in Q1
Manila Bulletin - 2016-05-16
D.M. Consunji, Inc. (DMCI), the construction arm of DMCI Holdings, Inc. (PSE: DMC), was awarded P2.9 billion worth of building and water projects during the first quarter of 2016, bringing its total order book to P30 billion. In a disclosure to the ...

First Gen eyes operations of Bubunawan plant by 2021
Manila Bulletin - 2016-05-16
First Gen also builds natural gas-fired power plants and develops other renewable energy projects, such as geothermal, solar and wind. First Gen is a subsidiary of Lopez-led First Philippine Holdings Corporation. r Filipinos, seized in separate raids.

First Gen eyes operations of Bubunawan plant by 2021
Manila Bulletin - 2016-05-16
First Gen Corporation expects to start the commercial operations of its 32-megawatt (MW) Bubunawan run-of-river power plant in Bukidnon by 2021. "Bubunawan is expected to come into commercial operations in 2021," First Gen president and chief operating ...

PSE profit falls to P164M in Q1
Manila Bulletin - 2016-05-16
The Philippine Stock Exchange, Inc. (PSE) reported yesterday a net income of P164.73 million in the first quarter of 2016, down by 13.9 percent from the same period last year. The decline was due mainly to lower trading-related income and service fees as ...

JG Summit nets P9.63B
Inquirer - 2016-05-16
GOKONGWEI-led JG Summit Holdings Inc. grew its first quarter net profit by 60.9 percent year-on-year to P9.63 billion, driven by the strong growth of its airline business and the expansion its petrochemical business. Excluding non-recurring items ...

Smart doubles growth in mobile data
Manila Bulletin - 2016-05-16
PLDT wireless subsidiary Smart Communications (Smart) posted a 38% hike in its mobile Internet revenues for the first three months of 2016, aligned with the strategy to raise revenue contributions from data and digital product segments. The surge in Smart ...

AboitizPower eyes Chevron's PH, Indonesian geothermal assets
Rappler - 2016-05-16
MANILA, Philippines - Aboitiz Power Corporation (AboitizPower) is interested in bidding for the geothermal assets of US-based energy giant Chevron, as it prepares to ramp up its generating capacity to 4,000 megawatts (MW). "We are always on the lookout ...

Gil Buenaventura is new RCBC president and CEO
Rappler - 2016-05-16
MANILA, Philippines - The embattled Rizal Commercial Banking Corporation (RCBC) has appointed Development Bank of the Philippines (DBP) chief Gil Buenaventura as its new president and CEO, replacing Lorenzo Tan who resigned to clear his name in the $81 ...

McDonald's Stock: Analyzing 5 Key Customers (MCD)
Investopedia - 2016-05-16
The company does not provide a more detailed accounting of its franchisee payments to McDonald's. Alliance Global Group Inc. Alliance Global Group Inc. (OTC: ALGGY) is a Filipino food and beverage, restaurant, real estate and tourism conglomerate with a ...

PSEi climbs to 7,500 level
Inquirer - 2016-05-16
Outside of the PSEi, one notable gainer was Security Bank, which rose by 1.84 percent. This bank is debuting on the MSCI Philippines index. On the other hand, Globe and AEV slipped. Outside of PSEi stocks, retailers Puregold (-0.24 percent) and RRHI (-3.07 ...

Amazon Web Services Establishes Office in the Philippines
thestandard.com.ph - 2016-05-16
Amazon Web Services (AWS) recently announced that Amazon Web Services Philippines (AWS Philippines) has opened an office in Manila to further support the rapidly growing customer base across the Philippines. The office is now open and operational and is ...

Gil Buenaventura appointed RCBC president
Manila Bulletin - 2016-05-16
DBP is among the top ten banks in the country. He was a former senior EVP and COO of the Bank of the Philippine Islands; President and CEO of Prudential Bank when it was acquired by BPI; EVP of Citytrust Banking Corporation; and a Citibanker for 18 years ...

Cosco Capital nets P1.08 billion
Inquirer - 2016-05-16
RETAIL magnate Lucio Co-led Cosco Capital grew its net profit in the first three months by 12 percent year-on-year to a quarterly record high P1.08 billion on higher earnings across retailing and other businesses. "Our company is well positioned to ...

Lopez Holdings nets P1.35B
Inquirer - 2016-05-16
CONGLOMERATE Lopez Holdings posted a 24 percent year-on-year growth in first quarter net profit to P1.35 billion, driven by a double-digit expansion in its power generation and media businesses. First Philippine Holdings Corp. (FPH) reported a 26 percent ...

RRHI nets P785M, inks grocery delivery deal
Inquirer - 2016-05-16
GOKONGWEI family-led retailer Robinsons Retail Holdings Inc. grew core earnings in the first quarter ... RRHI disclosed to the Philippine Stock Exchange on Monday that net income attributable to equity holders of the parent company recorded a flattish ...

Gil Buenaventura appointed RCBC president
interaksyon.com - 2016-05-16
MANILA - Gil Buenaventura, a veteran in the banking industry described as a soft-spoken and quiet worker, is the new president and CEO of Rizal Commercial Banking Corp. (RCBC), positions vacated recently by Lorenzo Tan. The RCBC Board of Directors ...

Lopez Holdings Q1 profit up 24%
Manila Bulletin - 2016-05-16
driven by the steady performance of investees First Philippine Holdings Corporation (FPH) and ABS-CBN Corporation. In a disclosure to the Philippine Stock Exchange, the Lopez Holdings said that FPH posted a 26 percent increase in net income attributable to ...

Lopez Holdings Q1 profit up 24%
Manila Bulletin - 2016-05-16
Lopez Holdings said its attributable net income increased by 24 percent to P1.35 billion for the first quarter of 2016, driven by the steady performance of investees First Philippine Holdings Corporation (FPH) and ABS-CBN Corporation. In a disclosure to ...

DUTERTE'S ART TUGADE | Will the slum dweller-turned-businessman-lawyer become the next DOTC chief?
interaksyon.com - 2016-05-16
Tugado, likewise served as director of Easycall Communications Philippines Inc., whose chief executive officer is Jose Roberto Delgado. Tugade also became either chairman or president of the following companies mostly connected to TGD.

DUTERTE'S ART TUGADE | Will the slum dweller-turned-businessman-lawyer become the next DOTC chief?
interaksyon.com - 2016-05-16
Tugado, likewise served as director of Easycall Communications Philippines Inc., whose chief executive officer is Jose Roberto Delgado. Tugade also became either chairman or president of the following companies mostly connected to TGD.

Robinsons Supermarket launches online grocery service
GMA Network - 2016-05-16
We look forward to offering this new shopping experience to our consumers," Robina Gokongwei-Pe, Robinsons Retail Holdings President and COO, said. Robinsons Supermarket Corp. is a wholly-owned subsidiary of Robinsons Retail Holdings. For its part ...

Bangko Sentral closes down another rural bank
Inquirer - 2016-05-16
In a statement Friday, state-run Philippine Deposit Insurance Corp. (PDIC) said it took over on May 13 the ... It was controlled by Andamo-Villanueva Estate Inc. as well as individual members of the Andamo family. As of end-March, Rural Bank of Amadeo ...

Roxas Holdings earnings jump 48% in Jan-March
m.bworldonline.com - 2016-05-16
ROXAS HOLDINGS, Inc. (RHI) saw its earnings rise by 48% year-on-year in the January to March period, driven by an increase in sales volume and higher prices of sugar and alcohol. In a disclosure to the stock exchange on Friday, RHI said its net income ...

10 Kilometers to Freedom: The 2016 Capas Freedom MarchBy Gretchen Filart-Dublin
BusinessMirror. - 2016-05-15
The Capas Freedom March is an annual project sponsored by the Tourism Promotions Board Philippines, Globe Telecom, San Miguel Corp., Jollibee Foods Corp., North Luzon Expressway Subic-Clark-Tarlac Expressway and Tagum Agricultural Development Co. Inc ...

Medco users suspended for breach
Lexology - 2016-05-15
45 users have been suspended from using the MedCo after it was discovered that they had tried to avoid the random allocation of experts, critical to the system. Although 36 users have now been reinstated, it is anticipated that more suspensions will follow.

GT Capital to raise stake in Pro-Friends
thestandard.com.ph - 2016-05-15
GT Capital Holdings Inc. of tycoon George Ty will invest an additional P8.76 billion to increase its stake in mass housing developer Property Company of Friends Inc., or Pro-Friends, to 51 percent. GT Capital said it planned to invest P6.2 billion to raise ...

SM Prime opens new Cavite mall
thestandard.com.ph - 2016-05-15
It is the fifth mall in the province of Cavite after the successes of SM City Bacoor, SM City DasmariƱas ... this year reaching a total of 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sq.

Amazon Web Services sets up Philippine office
Philstar - 2016-05-15
AWS executives, led by chief technology officer ... Rice Research Institute. It also counts among its clients successful local startups LifeTrack Medical Systems, mClinica, Pinoy Travel, Coins.ph, and Xurpass. The Philippine office, set up after Malaysia ...

First Gen to spend $470M to bolster hydro portfolio
Inquirer - 2016-05-15
LOPEZ-LED First Gen Corp. is spending about $470 million on hydropower projects over a three-year period to further diversify its clean energy portfolio, which is currently dominated by natural gas-fired power plants. "The big hydro capex (capital ...

LT Group hits P2.2-B profit on tobacco, beer trade
Inquirer - 2016-05-15
Equity in net earnings from its stake in Victorias Milling Company Inc. contributed 4 percent to the total. Last February, LTG increased its stake in the sugar firm to 30.17 percent from 22.59 percent as of end-2015. The tobacco business posted a net ...

PhilRatings gives CHI bonds a stable outlook
Philstar - 2016-05-15
CEBU, Philippines - The Philippine Rating Services Corporation (PhilRatings), announced over the ... The Ayala Land Inc. affiliate, CHI, is the one of the biggest real estate companies in Cebu City which operates across several business units (i.e ...