Duterte keeps lead, Robredo surges ahead of Bongbong in April 26-29 Pulse Asia survey
interaksyon.com - 2016-05-04
The survey, commissioned by ABS-CBN Corp. and released early Wednesday, showed Duterte with 33 percent; Roxas with 22 percent; and Poe with 21 percent. Vice President Jejomar Binay had 17 percent and Senator Miriam Defensor Santiago had two percent.

Trillanes bares Duterte children's bank accounts
Philstar - 2016-05-04
Ana, Davao and Valenzuela RCBC, Bank of Commerce - Davao City Hall, BPI Davao, Asia United Bank Corp. in Davao City from June 2003 to Nov. 2015. Paolo's credit transactions in his alleged bank accounts amount to P51.8 million. Sara, meanwhile, allegedly ...

Alliance Select reduces losses, bullish about 2016
Manila Bulletin - 2016-05-04
International seafood products company Alliance Select Foods International Inc. registered an $8 million lost last year, about half of the $17 million net loss it reported for 2014. In a disclosure to the Philippine Stock Exchange, the firm said "the ...

Alliance Select reduces losses, bullish about 2016
Manila Bulletin - 2016-05-04
International seafood products company Alliance Select Foods International Inc. registered an $8 million lost last year, about half of the $17 million net loss it reported for 2014. In a disclosure to the Philippine Stock Exchange, the firm said "the ...

Trillanes says P500-M check from San Miguel is fake
Philstar - 2016-05-04
"The Bank also certifies that it does not have any record of any amount being maintained by San Miguel Corporation with the Bank's Tandang Sora branch," Trillanes said in a statement posted on his Facebook account. The senator earlier alleged Davao City ...

Google autonomous car project teams with FiatChrysler
Manila Bulletin - 2016-05-04
The Google autonomous test fleet would be more than doubled with the addition of 100 new 2017 Chrysler Pacifica Hybrid minivans ... to buy US-based Key Safety Systems (KSS) Holdings Inc. Ningbo, which provides driver control systems to auto giants such ...

PNP activates EOD, K9 units
baguiomidlandcourier.com.ph - 2016-05-04
With the activation of EOD/K9 Group, the Philippine Bomb Data Center shall continue to exist under the Directorate for Intelligence and mandated to provide technical intelligence reports to the EOD/K9 Group, other PNP units and law enforcement agencies ...

SM Prime posts P7-B profit in first quarter of 2016
Manila Bulletin - 2016-05-04
SM Investments Corporation ... in the first quarter of 2016, while consolidated net income (including non-recurring items) improved 3.6 percent to P7.0 billion from P6.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange ...

Key Executives for Phoenix Semiconductor Telecommunication (Suzhou) Corp.
Bloomberg - 2016-05-04
Documentation will be required. To contact Phoenix Semiconductor Telecommunication (Suzhou) Corp., please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

PSEi down for eighth session due to election concerns
interaksyon.com - 2016-05-04
The barometer Philippine Stock Exchange index (PSEi) lost 7.31 points to 7,046.57 from ... due to the strength of the yen and the euro," said brokerage RCBC Securities Inc. Nisha Alicer, chief equity strategist at DA Market Securities Inc., believed ...

Duterte maintains lead in Pulse Asia survey
philstar.com - 2016-05-04
MANILA, Philippines -- Davao City Mayor Rodrigo Duterte maintained his lead in the latest Pulse Asia survey commissioned by ABS-CBN Corp. released early Wednesday. The presidential front-runner kept his 33-percent rating for the second week in a row.

VIPs, celebrities, Bulakenyos flock to SM San Jose del Monte opening
Manila Bulletin - 2016-05-04
Araneta Properties CEO Gregorio Araneta, whose group is spearheading a large development in the area, also attended the event with his wife Irene Marcos Araneta and Ilocos Norte Congresswoman Imelda Marcos. Located on a 60,193-sqm site in Barangay Tungkong ...

VIPs, celebrities, Bulakenyos flock to SM San Jose del Monte opening
Manila Bulletin - 2016-05-04
Araneta Properties CEO Gregorio Araneta, whose group is spearheading a large development in the area, also attended the event with his wife Irene Marcos Araneta and Ilocos Norte Congresswoman Imelda Marcos. Located on a 60,193-sqm site in Barangay Tungkong ...

Kick start your day, May 4: PH economy to grow fastest in 2016, IMF says
entrepreneur.com.ph - 2016-05-04
The Philippines is seen to have the fastest gross domestic product (GDP) growth among the Association of Southeast Asian Nations or ASEAN-5 major economies in 2016, based on the International Monetary Fund's latest Regional Economic Outlook for Asia and ...

Lorenzo Shipping posts 78% income drop
PortNews - 2016-05-04
Lorenzo Shipping Corp. reported a sharp decrease in net income last year after the increase in freight revenue was not enough to offset rising costs, Business Mirror reports. In its disclosure at the Philippine Stocks Exchange, the company reported a net ...

SM Investments earns 3.6% more in Q1
Philstar - 2016-05-03
MANILA, Philippines - SM Investments Corp. (SMIC) said its consolidated net earnings rose 3.6 percent in the first quarter to P7 billion on ... at 36 percent and retail at 21 percent. SM Prime Holdings reported a 12 percent growth in recurring net ...

RCBC hikes net income to P1.8 B
Philstar - 2016-05-03
MANILA, Philippines - Rizal Commercial Banking Corp. (RCBC) has reported a 12.43-percent increase in its consolidated net income to P1.8 billion in the first quarter of 2016, from P1.6 billion in the same period last year. RCBC chairperson Helen Y.

Sumilao farmers boost Leni
Philippine Daily Inquirer - 2016-05-03
Three years later, San Miguel Corp. handed over to the farmers 50 hectares of its estate and another 94 hectares within ... coverage of the 2016 national and local elections in the Philippines provides to voters the latest news, photos, videos and ...

DoE confident of adequate power supply in Luzon, Visayas
thestandard.com.ph - 2016-05-03
Monsada said the two natural gas plants of First Gen Corp., namely the 100-MW Avion and 414-MW San Gabriel natural gas plants in Batangas have started testing and commissioning that could provide additional buffer in case of increased demand.

Meralco inks power supply deals
Inquirer - 2016-05-03
It intends to construct, own, operate, manage and maintain a 300-MW coal-fired power plant in Subic Bay Freeport Zone in Subic in Zambales. RPE is a joint venture between Meralco unit Meralco PowerGen Corp. and Therma Luzon Inc., a subsidiary of Aboitiz ...

Maintenance shutdowns of plants nationwide cause Holcim Q1 net income to go flat at P1.5 billion
BusinessMirror. - 2016-05-03
CEMENT company Holcim Philippines Inc. said it will shut down one of its plants in Davao this month for preventive maintenance. Company President and Country CEO Eduardo Sahagun said the closure for its regular maintenance may have little impact on its ...

Pepsi-Cola income down by 17% to P159.26 million on higher sugar cost
BusinessMirror. - 2016-05-03
BOTTLER Pepsi-Cola Products Philippines Inc. said its income fell 17 percent to P159.26 million during the first quarter of the year, despite its double-digit sales increase for the period. The company said its income was down to P159.26 million ...

Meralco signs deals to purchase 3,551 megawatts of power
thestandard.com.ph - 2016-05-03
Meralco disclosed to the Philippine Stock Exchange it filed applications with the Energy Regulatory ... The company sought approval of the agreement with Redondo Peninsula Energy Inc. for the supply of 225 MW for its baseload requirements.

Melco Crown Entertainment Announces Earnings Release Date
The Street - 2016-05-03
In the Philippines, Melco Crown (Philippines) Resorts Corporation's subsidiary, MCE Leisure (Philippines) Corporation, currently operates and manages City of Dreams Manila ( www.cityofdreams.com.ph), a casino, hotel, retail and entertainment integrated ...

Rival networks claim dominating April TV ratings
BusinessMirror. - 2016-05-03
RIVAL broadcasters GMA Network Inc. and ABS-CBN Corp. claimed on Tuesday they cornered dominant-audience share last month, with the Lopez-led company and the Gozon-led firm asserting nationwide dominance. In a statement, the television network led by the ...

Holcim profit rises 17.2% to P10 B in Q1
Philstar - 2016-05-03
MANILA, Philippines - Holcim Philippines Inc., the listed cement manufacturer, continued to cement its strong presence in the industry with revenues surging in the first quarter to P10.1 billion or 17.2 percent from P8.6 billion a year ago. The company ...

Semirara banks on new coal plant to sustain earnings growth
Philstar - 2016-05-03
MANILA, Philippines - Consunji-led Semirara Mining and Power Corp. is banking on the full operations of its newly built 2x150 megawatt (MW) coal-fired power plant in Batangas to sustain a double-digit growth in profit this year, company officials said ...

Stocks hit 7-week low on pre-election jitters
Philstar - 2016-05-03
The benchmark Philippine Stock Exchange index (PSEi) shed 105.41 points or 1.47 percent ... Astro del Castillo, managing director at First Grade Holdings Inc., said investors are "more concerned about having orderly and honest elections, rather than ...

Ex-RCBC branch head denies involvement in transfer of stolen funds
Philippine Daily Inquirer - 2016-05-03
Former Rizal Commercial Banking Corp. (RCBC) Branch Manager Maia Santos-Deguito on Tuesday denied involvement in the transfer of stolen $81-million funds from the Bangladesh Bank (BB) to RCBC using fictitious accounts. Deguito is facing a case for money ...

SM Prime posts P7-B profit in first quarter
Manila Bulletin - 2016-05-03
SM Investments Corporation (SM) posted a 12 percent growth in recurring net income in the first quarter of 2016, while consolidated net income (including non-recurring items) improved 3.6 percent to P7.0 billion from P6.7 billion in the same period last year.

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 ...