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 ...

PLDT partners with Japan's NTT for new mobile data service
Rappler - 2016-05-01
MANILA, Philippines - A unit of Philippine Long Distance Telephone Company (PLDT) - soon-to-be called PLDT, Incorporated - has tied up with Tokyo-based NTT Communications Corporation for mobile data service bundled with free calls and remittance ...

PLDT Global launches Japan service
Manila Bulletin - 2016-05-01
The Philippine Long Distance Telephone Co. (PLDT) has partnered with NTT Communications to bring mobile internet bundled with free calls and remittance services to 240,000 Filipinos residing in Japan. Through PLDT Global Corp. (PGC) unit PLDT JP GK, the ...

ATI declares P820-M cash dividend
The Daily Tribune - 2016-05-01
Asian Terminals Inc. (ATI) declared a total cash dividend of P820 million, or 41 cents per share, as it delivered another strong overall performance amidst the challenging backdrop in 2015. This was announced by ATI chairman Rashid Abdulla during the ...

Company Overview of O&R Corporate Finance AG
Bloomberg - 2016-05-01
O&R Corporate Finance AG is a boutique investment banking firm that offers financial advisory services. The firm provides mergers and acquisitions, capital restructuring, debt and equity capital raising, and alternative finance raising services.

Key Executives for Da Vinci Capital Management Ltd., Asset Management Arm
Bloomberg - 2016-05-01
Dmitriy Malykhin Ph.D. No Relationships Chief Investment Officer and Portfolio Manager-- Konstantin Pravednikov No Relationships Investment Analyst and Portfolio Manager--

Watch out for anti-competitive mergers in cooking fuel sector: party-list to Competition Commission
interaksyon.com - 2016-05-01
The country now has two large LPG suppliers - Petron Corp. and Liquigaz Philippines Corp. with 35.9 percent and 27.9 percent market shares respectively, according to the 2015 LPG supply/demand report of the Department of Energy (DOE). The market also has ...

Watch out for anti-competitive mergers in cooking fuel sector: party-list to Competition Commission
interaksyon.com - 2016-05-01
The country now has two large LPG suppliers - Petron Corp. and Liquigaz Philippines Corp. with 35.9 percent and 27.9 percent market shares respectively, according to the 2015 LPG supply/demand report of the Department of Energy (DOE). The market also has ...

DoubleDragon ramps up expansion of CityMalls
MSN - 2016-04-30
DOUBLEDRAGON Properties Corp., the real estate firm owned by the founders of Jollibee and Mang Inasal, may hit its target to build 100 branded community malls ahead of its 2020 target, a top official said on Tuesday. DoubleDragon Chairman and Chief ...

Major U.S. airlines up fares in sign of first sector-wide hike since June
MSN - 2016-04-30
Delta Air Lines Inc increased prices Monday on flights by up to $4 one-way, travel search website FareCompare said Tuesday, adding that Southwest Airlines Co has followed suit. American Airlines Group Inc also raised U.S. domestic fares by $3 one-way to ...

Business Agenda
Manila Bulletin - 2016-04-30
In a country separated by over 7,000 islands, food preparations vary from island to island. But Pampanga has always been known as the capital of authentic Philippine cuisine. More than ever, several food brands have come to capitalize on the Kapampangan ...

Business Agenda
Manila Bulletin - 2016-04-30
Megaworld, through its subsidiary Global-Estate Resorts, Inc. (GERI), invites locals and tourists during the Laboracay 2016 weekend to join a coastal clean-up after the weekend's various parties and events. "Boracay Island has seen the benefits of ...

Company Overview of Integrated Micro-Electronics Mexico, S.A.P.I. de C.V.
Bloomberg - 2016-04-30
Integrated Micro-Electronics Mexico, S.A.P.I. de C.V. manufactures and sells electronic components and plastic injection moldings primarily for the automotive and household industries. Integrated Micro-Electronics Mexico, S.A.P.I. de C.V. was formerly ...

So sue us--Sara Duterte
Philippine Daily Inquirer - 2016-04-30
managing director and chief financial officer of Ayala Corp., which owns BPI, said in the statement. "The deposit slip shown by Mar (Liberal Party presidential standard-bearer Mar Roxas) or the Inquirer is not a unique thing," Limcaoco said ...

Weekend road rehab set in QC
Manila Bulletin - 2016-04-30
The affected roads include Commonwealth Avenue - Riverside to opposite Sandigan (2nd lane from center island, Southbound); Commonwealth Avenue from Ever Gotesco Mall to Sandiganbayan (2nd lane from center island, Northbound); Congressional Avenue ...

Derrick Monasterio and Bea Binene perform Joey De Leon's 'Itaktak Mo' | Lip Sync Battle Philippines
GMA Network - 2016-04-30
Derrick Monasterio and Bea Binene take on Joey De Leon's novelty hit 'Itaktak Mo' in the Round 2 of Lip Sync Battle Philippines. May surprise appearance pa ang Sexbomb Dancers! View career opportunities in GMA Network, Inc.

Duterte camp releases BPI document showing P27K account balance
Philippine Daily Inquirer - 2016-04-30
Paola Alvarez said in a statement. Alvarez then quoted Jose Teodoro Limcaoco, Managing Director and Chief Financial Officer of Ayala Corporation, owner of BPI, saying there has been no breach of client confidentiality amid the controversies surrounding the ...

Petron to hike LPG prices by Php 1.55/kg
Manila Bulletin - 2016-04-30
MANILA, April 30 -- Petron Corporation will hike liquefied petroleum gas prices by Php 1.55 per kilogram at 6 a.m. on Sunday, May 1. In an advisory, the oil firm said it would also increase AutoLPG prices by 90 centavos per liter. Petron said the hike ...