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 ...

LT Group revenue rose to P2.2 billion in Q1
BusinessMirror. - 2016-05-12
Eton Properties contributed P62 million, or 3 percent of total. Equity in net earnings from its stake in Victorias Milling Co. Inc. (VMC) provided P96 million, or 4 percent of total. In February LTG purchased 131.86 million additional shares in VMC which ...

SM Prime opens 58th shopping mall in Cavite
BusinessMirror. - 2016-05-12
MALL operator SM Prime Holdings Inc. is set to open its 58th mall in Trece ... The company aims to open five new malls this year, reaching a total of 61 malls in the Philippines and six in China, with an estimated combined gross floor area of 8.6 million ...

DMCI Holdings trims Q1 earnings to P3 B
Philstar - 2016-05-12
MANILA, Philippines - Diversified engineering conglomerate DMCI Holdings Inc. registed a slight dip in profit to P3 billion in the first quarter of the year following reduced contributions from its major businesses. Core net income stood at P2.93 billion ...

SMC more than doubles earnings to P13.5B in Q1
Manila Bulletin - 2016-05-12
The Company also benefitted from improved operating efficiencies that boosted margins for Petron Corporation amidst the slump in oil prices.san miguel corp San Miguel Brewery Inc. posted robust topline and earnings growth for the period due to higher ...

SMC more than doubles earnings to P13.5B in Q1
Manila Bulletin - 2016-05-12
Revenues equally grew seven percent to P3.9 billion, while operating income doubled to P188 million. San Miguel Pure Foods Company, Inc. posted a 4 percent growth in consolidated revenues to P26 billion, driven by the impressive performance of its feeds ...

San Miguel, Ayala report healthy net income in Q1
Rappler - 2016-05-12
MANILA, Philippines - Listed conglomerates San Miguel Corporation (SMC) and Ayala Corporation saw their net income jump during the first quarter of 2016, riding on the strong performance of their core businesses. Food-to-power conglomerate SMC said its ...

Ayala Corp. nets P5.8 billion
Inquirer - 2016-05-12
Ayala Land and Manila Water 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 ...

Filinvest Land Inc. nets P1.32 billion
Inquirer - 2016-05-12
GOTIANUN-led Filinvest Land Inc. saw a 6.5 percent year-on-year growth in first quarter net profit to P1.32 billion on higher earnings from its office and retail leasing portfolio. Consolidated revenues for the first quarter amounted to P4.65 billion, flat ...

PSEi slips but stays above 7,300
Inquirer - 2016-05-12
AC, Metrobank, PLDT, GTCAP, AP and BDO also slipped. Outside of PSEi stocks, notable decliners include Security Bank, which slid by 3.74 percent while retailers Puregold and RRHI. Among PSEi stocks, Megaworld bucked the downturn with its 1.73 percent gain ...

LT Group Inc. nets P2.2 billion
Inquirer - 2016-05-12
Eton Properties contributed P62 million or 3 percent of total. Equity in net earnings from its stake in sugar firm Victorias Milling Company Inc. provided P96 million or 4 percent of total. In February 2016, LTG purchased 131.86 million additional shares ...

San Miguel Corp. nets P13.5 billion
Inquirer - 2016-05-12
The group also gained from improved operating efficiencies that boosted margins for oil refining unit Petron Corp. amidst the slump in oil prices. This net profit level of P13.5 billion for the first three months included equity attributed to minority ...

Cebu Pacific sells 4 Airbus planes to Allegiant Air
Rappler - 2016-05-12
Cebu Air, Incorporated said in a statement on Thursday, May 12, that it signed a forward sale agreement with a subsidiary of Allegiant Travel Company. Delivery of the 4 Airbus aircraft to Allegiant is scheduled from 2017 to 2018, Cebu Pacific said.

Vista Land expects banner year, sets P31B capex
Manila Bulletin - 2016-05-12
The firm completed four malls that are located in Taguig, San Jose del Monte, Bulacan, Sta Rosa, Laguna and Balanga, Bataan and one BPO commercial ... prime office space, university town, healthcare, themed residential developments and leisure components.

Vista Land expects banner year, sets P31B capex
Manila Bulletin - 2016-05-12
The firm completed four malls that are located in Taguig, San Jose del Monte, Bulacan, Sta Rosa, Laguna and Balanga, Bataan and one BPO commercial ... prime office space, university town, healthcare, themed residential developments and leisure components.

Higher ad revenues lift ABS-CBN's net income
Rappler - 2016-05-12
MANILA, Philippines - Higher advertising revenues from the 2016 Philippine elections lifted the net income of ABS-CBN Corporation by 34% to P761 million ($16.33 million) during the first quarter of the year. This is a jump from the P569 million ($12.21 ...

Odisha to put solar panels on canals to boost green power
wap.business-standard.com - 2016-05-12
"The Green Energy Development Corporation of Odisha Ltd (Gedcol), the nodal agency for implementation of renewable energy projects, will develop a 10 MW project on pilot basis. Gedcol has asked the water resources department to suggest the locations ...

Groups whose nominees are Harry Roque and Reghis Romero's son among top bets in party-list race
interaksyon.com - 2016-05-12
Inc.; and CEO of Pacifica, Inc. He is also chairman of 168 Ferrum Pacific Mining Corporation and vice chair of AirAsia Philippines. Among 1-Pacman's goals are to promote sports, adress education needs, and help create jobs. Meanwhile, Kabayan's first ...

SM opens mall in Trece Martires, 58th in PH
Inquirer - 2016-05-12
The newest SM mall in Trece Martires is situated on the corner of two ... The company aims to open five new malls this year reaching a total of 61 malls in the Philippines and six in China with an estimated combined GFA of 8.6 million sqms by the end ...

Megaworld nets P2.63B
Inquirer - 2016-05-12
TYCOON Andrew Tan-led Megaworld Corp. grew first quarter net profit by 12.13 percent year-on-year to P2.63 billion, boosted by record rental revenues. In a disclosure to the Philippine Stock Exchange on Thursday, Megaworld said profits in the first two ...

DMCI net income for Q1 2016 flat at P3B; Consunji expects weak bottomline for FY 2016
interaksyon.com - 2016-05-12
MANILA - Diversified engineering conglomerate DMCI Holdings says its year-on-year profit was "flat" at P3 billion for the first three months of the year. Even after booking a P111 million one-time gain on the partial sale of its 10-percent stake in the ...