ALI eyes new tranche of Homestarter bonds
Philstar - 2016-05-10
MANILA, Philippines - Ayala Land Inc. (ALI), the listed property and mall developer of the Ayala Group, is looking to issue another round of its pioneering Homestarter bonds worth P2-to P3-billion, a ranking official said. In an interview, ALI chief ...

Top 3 AllianceBernstein International/Global Equity Mutual Funds (ALTFX, AXJAX)
Investopedia - 2016-05-10
The company ... to the Alliance Bernstein fund family, the AB Asia Ex-Japan Equity Fund ("AXJAX") began operations on Dec. 3, 2015. Weightings by country include a 31.78% weighting in South Korea, 27.39% in China, and a combined 26.87% of holdings in ...

UTC Installs New Chairman and Board Officers
MSN - 2016-05-10
2016 (GLOBE NEWSWIRE) -- At the annual meeting of the membership of the Utilities Technology Council (UTC) last week, the Board of Directors approved new officers for the 2016-2017 board-year. The meeting was held in conjunction with UTC Telecom ...

Markets cheer Duterte victory
Manila Standard Today - 2016-05-10
Robinsons Land Corp. jumped 8.6 percent to P29, while SM Prime Holdings Inc. advanced 6 percent to P24. Megaworld Corp. added 4.1 percent to close at P3.85. Meanwhile, Tokyo led Asian markets higher Tuesday as exporters were lifted by a weakening yen ...

Peso, stocks cheer peaceful elections
Inquirer - 2016-05-10
Megaworld and AEV both rallied more than 4 percent while SMIC and AC rose over 3 percent. PLDT, MPIC and BPI all advanced more than 2 percent while ALI, Metrobank, Jollibee and Globe gained over 1 percent. Outside of PSEi stocks, URC and GTCAP also ...

Puregold to continue expanding stores organically and through acquisition
BusinessMirror. - 2016-05-10
Leonardo Dayao, a director at Puregold and president of Cosco Capital Inc., said the 25 new stores would be built by Puregold on its own, while it is talking to several family-owned grocery-store owners for a possible acquisition. Cosco is the parent firm ...

Puregold to continue expanding stores organically and through acquisition
BusinessMirror - 2016-05-10
Leonardo Dayao, a director at Puregold and president of Cosco Capital Inc., said the 25 new stores would be built by Puregold on its own, while it is talking to several family-owned grocery-store owners for a possible acquisition. Cosco is the parent firm ...

Puregold to continue expanding stores organically and through acquisition
BusinessMirror. - 2016-05-10
Leonardo Dayao, a director at Puregold and president of Cosco Capital Inc., said the 25 new stores would be built by Puregold on its own, while it is talking to several family-owned grocery-store owners for a possible acquisition. Cosco is the parent firm ...

Emperador income went flat in Q1
BusinessMirror. - 2016-05-10
EMPERADOR Inc., the liquor firm of businessman Andrew Tan, said its income was flat during the first quarter of the year, despite its taking over the facilities of the maker of Fundador brandy. The company said in a statement its income was at P1.4 billion ...

Semirara Mining posted P2.9-billion net income in Q1
BusinessMirror. - 2016-05-10
CONSUNJI-LED Semirara Mining and Power Corp. on Tuesday posted a net income of P2.91 billion at end-March this year, up 16 percent from the P2.51 billion recorded in the same period last year. Coal and power contributed P3.94 billion and P2.72 billion ...

Semirara Mining posted P2.9-billion net income in Q1
BusinessMirror. - 2016-05-10
CONSUNJI-LED Semirara Mining and Power Corp. on Tuesday posted a net income of P2.91 billion at end-March this year, up 16 percent from the P2.51 billion recorded in the same period last year. Coal and power contributed P3.94 billion and P2.72 billion ...

IC green-lights sale of National Life Insurance
BusinessMirror. - 2016-05-10
"With the execution of the Sale and Purchase Agreement, we take a major step toward concluding the successful life insurer rehabilitation in the Philippine insurance industry," Insurance Commissioner Emmanuel F. Dooc said. 6762 Holdings Corp. won the ...

Next job of new president is winning over investors
BusinessMirror. - 2016-05-10
Volatility in local shares will persist as investors gain familiarity with Duterte, according to the Bank of the Philippine Islands. "There will be a honeymoon period moving forward, as investors give Duterte the benefit of the doubt," said Smith Chua ...

PH mining industry sees lower investments in 2015
Manila Bulletin - 2016-05-10
Some of these are Hallmark Mining Corporation and Austral-Asia Mining Link Mining Corporation, which spent US$20.5 million for their Pujada Nickel Project in Davao Oriental, as well as Nationwide Development Corporation, which invested US$145 million got ...

This Is What Henry Sy's Portfolio Looks Like (SVTMF)
Investopedia - 2016-05-10
However, SM Prime also has residential and commercial development projects that were gained from a merger with SM Development Corp. in 2013. The residential division has developed, has built and is selling 27 residential projects and expects 11,000 to ...

Duterte wins; What stocks to buy
Manila Bulletin - 2016-05-10
He also likes fried chicken chain Jollibee Foods (JFC.PH) and shopping mall giant SM Prime Holdings (SMPH.PH), which have both gained 4% in 2016. Another consumer pick is Puregold Price Club (PGOLD.PH), which runs about 200 hypermarkets across the country ...

Shell, Petron to lower pump prices Tuesday
MSN - 2016-05-10
Customers of Petron Corp. and Pilipinas Shell Petroleum Corp. will be greeted by cheaper prices of petroleum products on Tuesday. The oil companies on Monday announced a price rollback to reflect changes in global prices. Shell and Petron said be lowering ...

Manulife Investments Announces Changes To Portfolio Management Teams For Four Funds
The Street - 2016-05-10
Manulife Financial Corporation is a leading international financial services group providing forward-thinking solutions to help people with their big financial decisions. We operate as John Hancock in the United States, and Manulife elsewhere. We provide ...

Vista land boosts student living
BusinessMirror. - 2016-05-10
It will also be within easy reach of San Sebastian College and the University of Santo Tomas. An easy ride down C. M. Recto Avenue and one finds Centro Escolar University, La Consolacion College, San Beda College and College of the Holy Spirit. This means ...

Acqua named best condominium
BusinessMirror. - 2016-05-10
"We thank the Philippine Property Awards and the esteemed panel of judges for recognizing Acqua Private Residences as the best condominium development among all the category winners in the Philippines. This is a testament to the strength of Century ...

Life lived better
BusinessMirror. - 2016-05-10
All our projects are developed with the same expertise, management team and consultants as Rockwell Land, but with friendlier price points. More than that, we offer our homeowners that distinct community and living experience that only Rockwell can offer ...

RP budget deficit grows 258% in Feb.
The Daily Tribune - 2016-05-10
The Philippine budget deficit rose to P34.6 billion in February this year, up 258 percent from P9.7 billion a year ago, data released yesterday by the Department of Finance (DoF) show. This after government spending registered a higher growth of 22 percent ...

PLDT Enterprise revenues rise 10% to P7.55B in Q1
The Daily Tribune - 2016-05-10
Leading telecoms and digital services provider Philippine Long Distance Telephone Company (PLDT) reported robust uptake of its data-driven corporate services for the first quarter of the year, helping sustain the double-digit performance of the enterprise ...

Metro Retail set to expand store network
Inquirer - 2016-05-10
Iloilo City; a supermarket in Central Bloc in Cebu City; and a department store and supermarket in the Ayala Malls Feliz in Pasig City. "We look to these exciting opportunities on the horizon, as our readiness to expand is underpinned by our strong ...

Peso regains strength vs US dollar after national polls
interaksyon.com - 2016-05-10
It finished the trade at P46.75 from P47.09 Friday last week, which Banco de Oro Unibank Inc. (BDO) chief strategist Jonathan Ravelas partly attributed to the long weekend. "Still, external factors will remain the key focus now that elections are behind ...

Daily Market Strategy - Happy listing for Ujjivan! Flat start for indices
India Infoline Ltd - 2016-05-10
The global cues are mixed for now ... system for the North-South corridor (Phase 1A) of the Lucknow Metro Rail Project. Mangalore Chemicals & Fertilizers Ltd: The company said that the urea production is stopped from May 7, 2016 and the production ...

Businessmen bare reforms, Cabinet wish list for Duterte
Rappler - 2016-05-10
For Alfredo Yao, founder of the Zest-O Corporation and Macay Holdings, Incorporated, it would be Public Works Secretary Rogelio Singson and Finance Secretary Cesar Purisima. "I also want former interior chief Raffy Alunan and former trade chief Gregory ...

Philippines Seeks To Tighten Money Laundering Laws After Heist
International Business Times - 2016-05-10
Most transfers were blocked, but $81 million was sent to four accounts at a branch of the Philippines' Rizal Commercial Banking Corp. It was then moved through a remittance firm and later to casinos and gambling agents. Most of that money is missing.

Peso improves vs. US dollar a day after national polls
Manila Bulletin - 2016-05-10
As of 9:50 a.m., it has strengthened to 47.00, and Banco de Oro Unibank Inc. (BDO) chief strategist Jonathan Ravelas told PNA that the "long weekend due to elections slightly pushed USD/PHP stronger." He said this performance of the local unit "could ...

Philippine Business Bank Inc A Savings Bank (PBB)
investing.com - 2016-05-10
Get instant access to a free live streaming chart of the Philippine Business Bank Inc A Savings Bank Stock. The chart is intuitive yet powerful, offering users multiple chart types including candlesticks, area, lines, bars and Heikin Ashi. There are ...

Aquino casts vote in Tarlac
thestandard.com.ph - 2016-05-10
UNLIKE many voters who encountered problems during the election, President Benigno Aquino III cast his vote in Tarlac City without issue with members of his family. Wearing a light brown shirt and blue jeans, Aquino arrived at the Central Azucarera de ...

Aquino casts vote in Tarlac
Manila Standard Today - 2016-05-10
Wearing a light brown shirt and blue jeans, Aquino arrived at the Central Azucarera de Tarlac School inside the Hacienda Luisita at 9:20 a.m. with his sisters Maria Elena "Ballsy" Aquino-Cruz and Aurora Corazon "Pinky" Aquino-Abellada, their ...

Phinma scraps plan to partner with MPIC for hospital
m.bworldonline.com - 2016-05-10
PHINMA Corp. scrapped a plan to take in Metro Pacific Investments Corp. (MPIC) as a partner for its hospital in Cebu. Metro Pacific Hospital Holdings, Inc., the holding firm for the hospital investments of MPIC, inked a memorandum of agreement (MoA) with ...

SKYACTIV-D | Mazda unveils diesel technology
MSN - 2016-05-09
Berjaya Auto Philippines, the exclusive distributors of the Mazda brand in the country, pulled up its sleeves and has taken on the challenge of carving a larger piece of the local market with the introduction of diesel powered variants. Launched were the ...

SKYACTIV-D | Mazda unveils diesel technology
MSN - 2016-05-09
Berjaya Auto Philippines, the exclusive distributors of the Mazda brand in the country, pulled up its sleeves and has taken on the challenge of carving a larger piece of the local market with the introduction of diesel powered variants. Launched were the ...

Elections in the Philippines: The rise of the dynasty
BusinessMirror. - 2016-05-09
By the 17th century, the descendants of these tribal leaders were firmly ... only men who were at least 23 years old, owned real property worth at least $250, paid an annual tax of at least $15 annually, had held a municipal position under Spain and ...

Lorenz S. Marasigan
BusinessMirror. - 2016-05-09
will start the development of another data-offloading infrastructure down south, a ranking official said. Eric R. Alberto, PLDT Inc. EVP, said in an interview his company expects to complete the construction...

Phinma drops hospital partnership with MPIC
Manila Standard Today - 2016-05-09
Holding company Phinma Corp. dropped a plan to team up with Metro Pacific Hospital Holdings Inc. to modernize a 100-bed training hospital in Cebu. Phinma president Ramon del Rosario Jr. said in a recent interview the company decided to develop the Sacred ...

Aquino gets no special treatment
Tempo - 2016-05-09
TARLAC CITY - It took President Aquino almost an hour to complete his glitch-free voting experience in his home province of Tarlac. Listed voter number four in precinct No. 175-A, the President arrived at the Central Azucarera de Tarlac elementary school ...

PSE fines 15 companies for not submitting annual reports
BusinessMirror. - 2016-05-09
These firms are 8990 Holdings Inc., Acesite (Phils.) Hotel Corp., Agrinurture Inc., Alliance Select Foods International Inc., Century Peak Metals Holdings Corp., Chemical Industries of the Philippines Inc., Globalport 900 Inc., Greenenergy Holdings Inc ...

PSE fines 15 companies for not submitting annual reports
BusinessMirror. - 2016-05-09
These firms are 8990 Holdings Inc., Acesite (Phils.) Hotel Corp., Agrinurture Inc., Alliance Select Foods International Inc., Century Peak Metals Holdings Corp., Chemical Industries of the Philippines Inc., Globalport 900 Inc., Greenenergy Holdings Inc ...

PSE fines 15 companies for not submitting annual reports
BusinessMirror. - 2016-05-09
Hotel Corp., Agrinurture Inc., Alliance Select Foods International Inc., Century Peak Metals Holdings Corp., Chemical Industries of the Philippines Inc., Globalport 900 Inc., Greenenergy Holdings Inc., IP E-Game Ventures Inc., LMG Chemicals Corp., Metro ...

Italpinas plans to bring projects to Metro Manila
BusinessMirror. - 2016-05-09
The two buildings early this year received a green-building certification from the International Finance Corp. (IFC)-backed Excellence in Design for Greater Efficiencies (EDGE). Italpinas is the second company in the Philippines to receive the EDGE ...

AirAsia India flew 5.4 lakh passengers in March quarter
Economic Times - 2016-05-09
The group comprises five airlines in different countries - Malaysia AirAsia, Thai AirAsia, Indonesia AirAsia, Philippines AirAsia and AirAsia India. "At the end of the quarter under review, the group's total fleet size stood at 170 aircraft (171 including ...

2Go Travel eyes fleet modernization
BusinessMirror. - 2016-05-09
2Go Travel, the voyage arm of the 2Go Group, acquired MV Saint Therese of the Child Jesus (STC), to replace older vessel Saint Joan of Arc. The latter will be retiring as part of the constant modernization and refleeting of the travel company. At 16,000 ...

2Go Travel eyes fleet modernization
BusinessMirror. - 2016-05-09
2Go Travel, the voyage arm of the 2Go Group, acquired MV Saint Therese of the Child Jesus (STC), to replace older vessel Saint Joan of Arc. The latter will be retiring as part of the constant modernization and refleeting of the travel company. At 16,000 ...

Govt studying interim rail hub
Manila Standard Today - 2016-05-09
SM Prime earlier secured a Supreme Court stay order, barring the department from transferring the location of the common station to Trinoma mall of Ayala Land Inc. To resolve the conflict with the SM Group, the Transportation Department proposed building ...

Calaca coal plants to get upgrade
Inquirer - 2016-05-09
DMCI Holdings Inc., the holding company of the Consunji Group, bought the Calaca plant from the government in July 2009 with a bid price of $361.7 million. Subsidiary Semirara Mining and Power operates the facility through its unit, Sem-Calaca. In the ...

MPIC expanding regional presence
Inquirer - 2016-05-09
These came from higher volumes at the North Luzon Expressway, Cavite Expressway and contribution of Subic Clark Tarlac Expressway. In Thailand, the contribution from the Don Muang Tollway Public Company Ltd. (DMT) for the first quarter of 2016 rose to ...

PSE seeks revival of REIT
Inquirer - 2016-05-09
The Philippine Stock Exchange plans to lobby the next administration to ease or remove restrictions on the Real Estate Investment Trust (REIT) framework, given its potential to spur significant activity in the local stock market. PSE president and CEO Hans ...