Wong, Deguito given until Tuesday to answer AMLC criminal raps
Philippine Daily Inquirer - 2016-05-03
The Department of Justice (DOJ) gave casino junket operator Kim Wong and former Rizal Commercial Banking Corp. (RCBC) Jupiter Street, Makati branch manager Maia Santos-Deguito until 5 p.m. Tuesday to answer the criminal complaint filed by the Anti-Money ...

GMA Network retains ratings supremacy in Urban Luzon and Mega Manila
GMA Network - 2016-05-03
GMA subscribes to Nielsen along with TV5 and Aksyon TV, CNN Philippines, Net 25, Ebiquity-Faulkner CBN Asia and TAPE Inc., and major advertising and media agencies such as Dentsu Aegis Network (Carat, Mediaforce Vizeum, Dentsu), GroupM (Mediacom ...

Emerging Stocks Fall on China PMI; Weak Dollar Boosts Currencies
Bloomberg - 2016-05-03
"China is fueling the negative sentiment," said Jonathan Ravelas, chief market strategist at Manila-based BDO Unibank Inc., the largest Philippine bank by assets. The weakness in manufacturing "reinforces expectations that China remains fragile and ...

Naia privatization to boost PHL competitiveness
BusinessMirror. - 2016-05-02
Aboitiz Equity Venture Inc. (AEV) President and CEO Erramon Aboitiz said the company is interested to join the privatization bidding for the Naia. Other conglomerates that expressed interest in the bidding include Ayala Corp., San Miguel Corp. and Megawide ...

Stocks, peso fall on poll jitters
Manila Standard Today - 2016-05-02
The Philippine Stock Exchange Index dropped 1.5 percent to 7,053.88 at the ... Twenty-six of 30 companies in the Philippine index fell, led by a 4 percent loss in DMCI Holdings Inc. The gauge is valued at 17.3 times its 12-month estimated earnings, the ...

Banks build up branch network to cash in on strong savings
Philstar - 2016-05-02
BDO Unibank Inc. said it was looking at between 50 to a hundred new branches, including its rural bank, One Network Bank. The Metropolitan Bank & Trust Co. reported recently that it was looking to construct 20 to 30 branches this year, half of which will ...

Philippines: SM Prime Holdings reports core net income growth of 12% in the first quarter of 2016
eprretailnews.com - 2016-05-02
Pasay City, Philippines, 2016-May-02 -- /EPR Retail News/ -- SM ... The increase can be traced by the higher construction accomplishments of SM Development Corporation (SMDC) projects launched in 2013 to 2015. These are Grass Residences, Shore Residences ...

Major oil price hike before polls
Philstar - 2016-05-02
In separate advisories, Eastern Petroleum, Phoenix Petroleum Philippines and PTT Philippines increased gasoline prices by P1.50 per liter and diesel prices by P1.35 per liter starting 6 a.m. Petron Corp. has yet to issue its advisory. Following this week ...

Key Executives for Panay Energy Development Corporation
Bloomberg - 2016-05-02
Only a company representative may request an update for the company profile. Documentation will be required. To contact Panay Energy Development Corporation, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

No risk of brownouts on May 9
Philstar - 2016-05-02
The workers filed their first notice in February last year and the second one in June last year. Kepco SPC Power Corporation owns and operates a 200-megawatt, coal-fired power plant in City of Naga, Cebu and supplies power to the Visayas grid, mainly to ...

SM Prime builds up income to P5.8 B in Q1
Philstar - 2016-05-02
MANILA, Philippines - SM Prime Holdings Inc. reported a core net income growth of 12 percent in the first quarter to P5.8 billion, driven by its massive expansion program. Consolidated revenues rose 10 percent to P18.2 billion. Mall revenues, which ...

Is Duterte hiding something or just upholding bank secrecy?
Manila Bulletin - 2016-05-02
... much-awaited opening of the bank account of presidential candidate Davao City Mayor Rodrigo Duterte at the Bank of the Philippine Islands (BPI)-Julia Vargas branch in Pasig City did not materialize yesterday. All that shown was the record of the ...

Is Duterte hiding something or just upholding bank secrecy?
Manila Bulletin - 2016-05-02
... much-awaited opening of the bank account of presidential candidate Davao City Mayor Rodrigo Duterte at the Bank of the Philippine Islands (BPI)-Julia Vargas branch in Pasig City did not materialize yesterday. All that shown was the record of the ...

I still have trust in BPI
Philstar - 2016-05-02
I've been a long time depositor of BPI and I'm glad that Mr. Jose Teodoro Limcaoco, Chief Financial Officer of the Ayala Corporation, the parent company of BPI, and former President of BPI Family Savings Bank, has issued a statement saying, "I don't know ...

Stocks down on regional decline, poll jitters
Inquirer - 2016-05-02
Other actively traded companies were SM Prime Holdings Inc., up 0.44 percent to P22.75; Megaworld Corp., down 3.45 percent to P3.64; Metro Pacific Investments Corp., down 2.24 percent to P5.67; JG Summit Holdings, down 2.21 percent to P79.70, and ...

Semirara expects higher net profit
Inquirer - 2016-05-02
Semirara Mining and Power Corp., which posted a 24-percent increase in net profit last year, expects double-digit growth again this year with the opening of new power stations and improvements in efficiency for coal mining and coal-fired power plant ...

New malls lift SM Prime income to P5.8B
Inquirer - 2016-05-02
The increase can be traced to the higher construction accomplishments of SM Development Corporation (SMDC) projects launched starting in 2013. Consolidated costs of real estate inched up by 2 percent to P2.9 billion, mainly due to higher revenues ...

Splitting train project to derail completion
BusinessMirror. - 2016-05-02
Several companies have already expressed their interest in the deal, like Metro Pacific Investments Corp., Ayala Corp., Aboitiz Equity Ventures Inc. and San Miguel Corp. Officials of these companies have repeatedly urged the government to hasten the ...

Oil firms start May with fuel-price increase
BusinessMirror. - 2016-05-02
"This is to reflect movement in the international petroleum market," they said. Other oil firms, such as Petron Corp., Total Philippines and Chevron Philippines, are expected to follow suit. On April 26 oil companies implemented a P0.40 decrease for ...

SM Prime recurring income rose 12% in Q1 to P5.8 billion
BusinessMirror. - 2016-05-02
an increase of 5 percent due mainly to higher construction completion of SM Development Corp. projects launched in 2013 to 2015. These are its projects in Quezon City, Pasay and Makati. This was also supported by the increase in sales in its projects in ...

Trillanes bares 49 hidden DU30 assets
The Daily Tribune - 2016-05-02
The mayor added that the only mistake of some of them was the possible violation of immigration laws in their prolonged stay in the Philippines. Duterte was also reportedly concerned that their continued detention would have repercussions on the many ...

Del Monte US unit settles dispute with company it plans to purchase
BusinessMirror. - 2016-05-02
THE Campos-led Del Monte Pacific Ltd. said its US unit Del Monte Foods Inc. has settled its dispute with a company that it wants to buy. The company said in its disclosure to the Philippine Stock Exchange, Del Monte Foods resolved its dispute with Big ...

Semirara to pay P4.28-billion dividend
Manila Bulletin - 2016-05-02
of which joint venture was recently cemented with the power generation arm of the Manila Electric Company. The third partner in the deal is Japanese firm Marubeni Corporation, which will take on the 20-percent balance; out of the 40-percent equity each ...

Analysts: Volatility normal in week before elections
Philippine Daily Inquirer - 2016-05-02
The benchmark Philippine Stock Exchange Index slid for a 7th straight session on Monday ... chief strategist at BDO Unibank Inc., said in an interview on Monday. He cited worries about growth in the United States, the timing of added rate hikes by the ...

Avison Young Appoints John Kevill Managing Director Of U.S. Capital Markets
The Street - 2016-05-02
Based in Washington, DC, Kevill will focus on expanding the company's capital markets ... sovereign-wealth funds and global financial institutions. Kevill has led or co-led the top-ranked office brokerage team in Metro DC since 2012, as rated by Real ...

Philex Petroleum eyes renewable energy venture
Philstar - 2016-05-02
MANILA, Philippines - Philex Petroleum Corp., the upstream oil and gas unit of listed Philex Mining Corp., is eyeing to invest in the renewable energy (RE) sector after it proposed to change its company name aimed at diversifying its income resources ...

Antonio Tiu sues AMLC head with perjury
Rappler - 2016-05-02
(READ: IN PHOTOS: The 'hacienda' that Antonio Tiu says he owns) In his complaint, Tiu said Bacay-Abad linked him to the money laundering case against Binay for buying $20.46 million in foreign exchange from Rizal Commercial Banking Corporation (RCBC ...

DOE assures power for polling precincts this election
Manila Bulletin - 2016-05-02
Both power plants are located in Batangas and owned by First Gen Corp. Monsada, meanwhile, disclosed the second unit of Ilijan Block A, which has a capacity of 300 MW, was offline since 11 a.m. She stressed the department also hopes the current operating ...

486 applicants hired-on-the-spot in Baguio Labor Day Jobs Fair
news.pia.gov.ph - 2016-05-02
TESDA, in coordination with several technical - vocational institutions also provided free beauty and wellness services such as massage and haircut while PLDT provided free overseas call. The conduct of jobs fair is one of the main program of DOLE to ...

Astro, Globe set to offer Tribe OTT video service in PH
Manila Bulletin - 2016-05-02
BALI, Indonesia - Astro Malaysia Holding Berhad (Astro), a leading content and consumer group in Malaysia and Southeast Asia, and GLOBE Telecom Inc. has recently entered into a Memorandum of Understanding (MOU) to offer Tribe over-the-top (OTT ...

Now Corp. gets $50-million loan package from local bank
BusinessMirror. - 2016-05-02
Now Corp. ended 2015 on a positive note for the first time with P5 million in net income ... International Shared Services, Roxas Holdings, BDO, Chinabank, Philippine National Bank, Development Bank of the Philippines, Golden Arches Development Corp ...

ADMU forum pushes creation of shared value
Philstar - 2016-05-02
They incorporate these in the way they do business and provide opportunities for people to succeed. For Ayala Land, they strive to build resilient infrastructure and studying the soil and trees on a piece of land before they build on it. Trees are ...

Aquino makes 'political appeals' in meeting with INC
Rappler - 2016-05-02
Aquino's anointed bet Manuel Roxas II has yet to top voters' preference surveys, while Roxas' running mate Leni Robredo recently surged to the top of a Social Weather Stations (SWS) poll. "'Yung tinatawag nating 'Daang Matuwid' - nasasainyo kung ...

Petron hikes LPG prices
Visayan Daily Star - 2016-05-02
MANILA -- Petron Corporation hiked liquefied petroleum gas prices by P1.55 per kilogram at 6 a.m. yesterday. In an advisory, the oil firm said it would also increase AutoLPG prices by 90 centavos per liter. Petron said the hike "reflects movements in the ...

Can PH firms thrive without contractualization?
Rappler - 2016-05-02
Conglomerates like SM Investments Corporation (SMIC) have said that they legally employ contractual workers for "seasonal" events, such as school opening or Christmas. As of end-2015, SMIC has 65,436 employees. Of this figure, "less than 1%" are seasonal ...

Mining and the 2016 Presidential Elections
m.bworldonline.com - 2016-05-02
However, Alsons Consolidated Resources, Inc., which purchased the shares of Australian Indophil Resources in the Tampakan Mines, supports him. In a Wallace Business Forum earlier this year, Duterte said he will allow mining investments as long as miners ...

PetroSolar gets provisional okay on FIT incentives
Manila Bulletin - 2016-05-02
Additionally, PetroEnergy Resources Corporation president Milagros V. Reyes has emphasized that the PAO-FIT "effectively guarantees the FIT payment to PetroSolar and the financial viability of our investment." She recounted that the solar farm reached ...

Duterte lawyer: Up to BPI to open account
MSN - 2016-05-01
The lawyer of Davao City Mayor Rodrigo Duterte on Monday said that they have asked the Bank of the Philippine Island's branch in Makati City to disclose the amount in the presidential candidate's accounts. In an interview outside the BPI Julia Vargas ...

Sta. Lucia Land planning to take on more debt
MSN - 2016-05-01
Fresh from raising funds in the capital market after selling P4 billion worth of fixed-rate retail bonds, Sta. Lucia told the stock exchange yesterday it opened unsecured working capital bank lines amounting to P500 million each with China Banking Corp ...

SEC to rule on certain intracorporate disputes
BusinessMirror - 2016-05-01
Over the past years many companies publicly exchange bitter statements against each other. These include the Singaporean minority owners of Alliance Select Foods International Inc., STI Education Holdings Inc. led by Eusebio Tanco against the Benitez ...

Pryce Gases building a larger LPG storage tank in Leyte
thestandard.com.ph - 2016-05-01
Pryce Gases Inc., a unit of Pryce Corp., said it is constructing a new liquefied petroleum gas storage tank with a capacity of 2,000 metric tons in its import-marine terminal in Albuera, Leyte to serve the rising demand in Visayas. Pryce Corp. said in a ...

Alsons Power earmarks P40 M for CSR
Philstar - 2016-05-01
MANILA, Philippines - Alsons Power Group has budgeted P40 million for its various corporate social responsibility (CSR) programs in Mindanao this year. The company said the allocation would cover various initiatives in the areas of education, environment ...

Key Executives for Global Ferronickel Holdings Inc.
Bloomberg - 2016-05-01
Dante R. Bravo 11 Relationships President, Director, Member of Executive Committee, Member of Audit Committee, Member of Compensation & Remuneration Committee and Member of Nomination Committee 39 Mary Bella D. Bituin 11 Relationships Chief Financial ...

New partner looms in SMC telecom project
Inquirer - 2016-05-01
Philippine Long Distance Telephone Co. and Globe Telecom have a significant amount of high ... Outside of publicly listed Liberty Telecom Holdings Inc., SMC has other telecom interests through telecom holding unit Vega Telecoms Inc., namely Bell ...

Atlas Mining lowers production, capex
Inquirer - 2016-05-01
ATLAS Consolidated Mining and Development Corp. is lowering its production volume "to preserve the value of resources for the future" as low copper prices brought the firm in the red last year. Adrian Paulino S. Ramos, Atlas Mining president ...

Clark firms turn trash into cash
Philippine Daily Inquirer - 2016-05-01
Phoenix Semiconductor Philippines Corp. and Amertron Inc. donated used lead acid batteries to ABS-CBN Bantay Baterya program. Tonette Orejas, Inquirer Central Luzon

Clark firms turn trash into cash
Philippine Daily Inquirer - 2016-05-01
Phoenix Semiconductor Philippines Corp. and Amertron Inc. donated used lead acid batteries to ABS-CBN Bantay Baterya program. Tonette Orejas, Inquirer Central Luzon Don't miss out on the latest news and information.

Volatile trading seen
Inquirer - 2016-05-01
Some of the companies expected to disclose first-quarter results this week are Philippine Long Distance Telephone Co., Holcim Philippines and D&L Industries. Annual meetings by Metro Retail Stores Group, China Banking Corp. and Philippine Stock Exchange ...

Election jitters seen to affect stock market
thestandard.com.ph - 2016-05-01
Top gainers last week were consumer-related stocks including Universal Robina, which jumped 3 percent to P20.840 and Jollibee Foods Corp., which climbed 2.8 percent to P229.60. Heavy losers included Alliance Global Group Inc., which dropped 11.9 percent to ...

PLDT to launch mobile Internet service for Filipinos in Japan
BusinessMirror. - 2016-05-01
MULTIMEDIA conglomerate PLDT Inc. has struck a partnership agreement with Japanese tech giant NTT Communications for the launch of its mobile Internet service in Japan. The service--called Smart World--enables the 240,000 Filipinos residing in Japan more ...