SE Asia Stocks-Rise with Wall St tide; Philippines extends gains
Reuters - 4 months ago
Lender BDO Unibank Inc rose nearly 3.7 percent to an over one-week high, while conglomerate Ayala Corp gained 1.6 percent. Singapore shares ended 1.2 percent higher, recouping some of the losses over the last two sessions. Oversea-Chinese Banking Corp ...

'Let us go home': Slow Marawi rehab prolongs displaced residents' agony
CNN Philippines - 4 months ago
"San Miguel Corporation and UN Habitat in coordination with JICA, they'll be providing a total of 3,500 housing units. However, we don't have the lots where the permanent houses will be ...

Globe Telecom, KonsultaMD launch 'Hope Bank' for mental health support
CNN Philippines - 4 months ago
Metro Manila (CNN Philippines) -- Globe Telecom, in partnership with 24/7 health hotline KonsultaMD, has launched Hope Bank, a safe online space for people in need of mental health support.

PH firms told: Use culture to transform your businesses
newsbytes.ph - 4 months ago
Globe Business, the corporate information and communications technology (ICT ... Ken Lingan, Country Head of Google Philippines, and Rex Mendoza, President and CEO of Rampver Financials, also ...

Sears near the Capitol and at Ridgedale fall at last
Star Tribune - 4 months ago
The bankruptcy of Sears Holdings will lead to the closing of two of the three ... Ridgedale is owned by CBRE Global Investors and Brookfield Property Partners. "Von Maur could be a tenant in Ridgedale and even Mall of America if Sears decides to close ...

PT&T confident to be 3rd telco player
TechnoChops - 4 months ago
Aside from PT&T, other companies who joined in the fray were China Telecom, TierOne Communication, NOW Corp., Telenor, and Udenna Corp. Additional interested bidders are set to be named in the following weeks. Applicants have until Nov. 5 to submit their ...

Forest Cover wins by a head
BusinessMirror - 4 months ago
The other winners in the 12-race Philippine Racing Club Inc. Sunday schedule were Cojuangco Cup champion Hitting Spree (Race 1), Summer Cruise (Race 2), Ace Up (Race 4), Kingship (Race 5 ...

DoubleDragon partners with Equicom for clinics at CityMalls
BusinessWorld - 4 months ago
DOUBLEDRAGON Properties Corp. said it has partnered with the operator of MyHealth Clinics to open medical clinics in its community malls. In a statement issued Tuesday, the listed property developer said its subsidiary CityMall Commercial Centers, Inc ...

PSBank looks to raise P8 billion via stock rights offer in Q1 2019
BusinessWorld - 4 months ago
Rizal Commercial Banking Corp., and Bank of the Philippine Islands. PSBank saw its net profit climb to P1.35 billion in the first half of the year, up 14.7% from P1.18 billion booked in the same period in 2017, supported by strong net interest income and ...

Reforming the PPP Model
BusinessWorld - 4 months ago
Responding to concerns of alienating the private sector, Secretary Dominguez III said the administration welcomes unsolicited proposals, since the private sector would have a better grasp in identifying potential problems and offering better solutions to ...

ABS-CBN ends mobile services
Sun Star - 4 months ago
As a result, ABS-CBN Convergence and Globe Telecom have reached an agreement not to renew their mobile network sharing contract, which expires this year, ABS-CBN said in a statement. All ABS-CBN Mobile prepaid, postpaid and SkyMobi subscribers will ...

Laguna native cooks with a passion
Sun Star - 4 months ago
A native of Laguna, Lita got married at an early age of 18. She took a two to three-year leave of absence in college to take care of her growing family. When she finally had the chance to go back to school, Lita bravely finished a business administration ...

Peso rises to one-month high
BusinessWorld - 4 months ago
Meanwhile, Rizal Commercial Banking Corp. economist Michael L. Ricafort said the dollar declined recently against major currencies after the US stock markets dropped to two- to three-month lows. "Decline in global crude oil prices to three-week lows ...

A2Z of How IL&FS Employee Welfare Trust Ripped off Shareholders of IL&FS
Moneylife - 4 months ago
EEMSPL itself shall also be transferred to Energy Development Corporation Ltd, IL&FS EWT and IIDC Fund and eventually the outstanding liability of Rs188.02 crore of IFIN shall also be extinguished in the books of EEMPSL. IFIN invoked a pledge of one crore ...

Sears, the store that changed America, declares bankruptcy
CNN Philippines - 4 months ago
The company issued a statement saying it intends to stay in business, keeping open stores that are profitable, along with the Sears and Kmart websites. As of the filing, about 700 stores remained ...

Manila Water subsidiary bags franchise to service Pangasinan town
BusinessWorld - 4 months ago
In a disclosure to the stock market on Tuesday, MWPV announced it received a notice to proceed from the local government unit which granted the subsidiary a franchise to "establish, construct, operate, manage, repair, and maintain water supply system and ...

Microsoft co-founder Paul Allen dies of cancer - family
Rappler - 4 months ago
Allen managed his business and charitable endeavors at Vulcan Inc. He was also active with the Allen ... Microsoft said Allen's "contributions to our company, our industry and to our community are indispensable." "As co-founder of Microsoft, in his own ...

Megaworld putting up 4th condo in Uptown Bonifacio
philstar.com - 4 months ago
MANILA, Philippines -- Andrew Tan-led Megaworld Corp. is building its fourth residential condominium development in its 15.4-hectare Uptown Bonifacio township in the northern part of Fort Bonifacio. In a disclosure yesterday, Megaworld said the project ...

PBCOM raises P2.9 billion from LTNCD issuance
BusinessMirror - 4 months ago
PHILIPPINE Bank of Communications (PBCOM) said it raised a little over P2.9 billion in its issuance of long-term negotiable certificates of time deposits (LTNCD). Nearly the entire amount was ...

Selection process for new telco backed by Duterte
philstar.com - 4 months ago
NOW Corp. president and chief executive officer Mel Velarde earlier said the company prefers Duterte to receive all the bidding documents on Nov. 7, noting that it is best if the President, and not the NTC, would be the one to choose the new major player.

Year-to-date remittances grow despite Aug. decline
BusinessWorld - 4 months ago
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines, said the marginal drop in remittances was expected given that the strong August 2017 inflows were "a bit hard to top." The analyst added that lower remittance inflows in August ...

Meralco posts 5% electricity sales in first 9 months
BusinessMirror - 4 months ago
THE Manila Electric Co. (Meralco) recorded a 5-percent increase in electricity sales from January to September this year as against the same period a year ago. Meralco Senior Vice President ...

HSBC appoints new president and CEO for PHL
BusinessWorld - 4 months ago
Mr. FitzGerald will replace Jose Arnulfo "Wick" A. Veloso who stepped down from his post in August to serve as the new president and CEO of the Tan-controlled Philippine National Bank (PNB) effective Nov. 16. Mr. Veloso, the first Filipino who held ...

Adequate water supply for Metro Manila until 2037-MWSS chief
BusinessMirror - 4 months ago
International Container Terminal Services Inc. owner Enrique Razon has partnered with Violago and expressed interest in the project. The project would be undertaken under a joint venture ...

1st day of Boracay dry run went very well-DOT chief
BusinessMirror - 4 months ago
"The production of the trash bins integrate the use of waste plastic materials, such as laminated packaging of Chippy and other snack foods produced by our sister-firm URC [Universal Robina Corp ...

SSS to collect more than P1.39 M from 2 convicted employers
Philippine Information Agency - 4 months ago
SSS President and Chief Executive Officer Emmanuel F. Dooc said Quezon City RTCs convicted Luz Espiritu of Espiritu Petron Service Station and Rosita Agustin of Ruther Fish Dealer for non-remittance of SSS contributions, which is a clear violation of ...

NOW Corp blames DICT's Rio for drop in shares, eyes charges
Rappler - 4 months ago
MANILA, Philippines - The messy spat between publicly-listed firm NOW Corporation and Information and Communications Technology Secretary Eliseo Rio Jr raged on, with the former leaning toward more legal battles. In a statement released on Monday ...

Manulife providing $400,000 to University of Waterloo for AI research
BetaKit - 4 months ago
Manulife has announced a four-year, $400,000 partnership with the Waterloo Artificial Intelligence Institute at the University of Waterloo. The investment will support AI research in disability claim prediction, as well as fraud detection and natural ...

Nicaragua police arrest 20, use stun grenades to end anti-govt demo
Rappler - 4 months ago
"They respect no one, not even older people or children," said Azhalea Solis, head of the Civic Alliance, an umbrella group that represents business ... initially protesting changes in the social security system. Since then the demonstrations have grown ...

DICT confident third telco to be named before year-end
BusinessMirror - 4 months ago
They are Philippine Telegraph & Telephone Corp. (PT&T), Udenna Corp. of Dennis A. Uy, China Telecommunications Corp., Mobitel Holdings Gmbh, politician Chavit Singson, European telco Telenor ...

AC Energy inks $83-million EPC contract for development of solar farms in Vietnam
BusinessWorld - 4 months ago
In partnership with AMI Renewables Energy Joint Stock Co., the Ayala Corp. energy platform signed engineering, procurement and construction (EPC) and financing documents to build solar farms with a total capacity of 80 megawatts (MW). "We are excited to ...

Ayala Land explores partnerships with ASEAN property firms
BusinessWorld - 4 months ago
The company aims to hit a net income of P40 billion by 2020, or its so-called 2020 vision, with P20 billion from the residential segment and P20 billion from the leasing business. ALI would have to post a compounded annual growth rate of 17% in the next ...

Innovation in the business ecosystem
BusinessWorld - 4 months ago
Armin Luistro, President, De La Salle University Philippines (DLSU), both said that Academe has responded to the urgency of the awareness and solutions for the rapid changes in business ecosystems, and A.I.M. and DLSU have set up courses and programs in ...

How are online merchants and intermediaries taxed?
BusinessWorld - 4 months ago
Innovations brought about by information and communication technology have dramatically changed how people behave and go about their daily tasks. As the number of computer-literate ... Thanks to the continuous development of innovative, disruptive e ...

Permian Basin Drilling Report: Oct, 4 through Oct. 10
Odessa American - 4 months ago
Apache Corporation, Seth Campbell Estate ... Felix Water, LLC, Apex 93-F, Ward, new drill; Bobcat 88-F, Ward, new drill. Fortuna Resources Development, LLC, Challenger 6, Gaines, new drill. Fossil Petroleum, LLC, Hamilton Ranch, Irion, new drill.

There is beauty in bones for the 2018 Miclat Art Award Winner
Rappler - 4 months ago
The works were exhibited in Far Eastern University (FEU) in Manila last September. Jessica, who calls herself Lady Fishbone, was awarded at the end of the exhibit on September 26. The 26-year old artist from Pangasinan (a province best known for its fish ...

International airlines resume flights to Kalibo on October 26
Rappler - 4 months ago
9 Air, a subsidiary of Juneyao Airlines, will operate 3 flights per week to Chengdu (Sichuan), Shouguang (Shandong), Canton in China on Monday, Wednesday and Friday. Flag carrier Philippine Airlines also has daily flights to Manila. With the Boracay ...

Renewable Energy Update - October 2018 #2
JD Supra - 4 months ago
The DOE published a final Environmental Assessment for the Icebreaker Wind project, being developed by Norwegian-owned Fred Olsen Renewables and the nonprofit Lake Erie Energy Development Corporation, in cooperation with the U.S. Army Corps of Engineers ...

Oil firms roll back pump prices
philstar.com - 4 months ago
Unioil Petroleum Philippines Inc. also implemented the same price decrease on gasoline and diesel at 2 p.m. yesterday. Seaoil Philippines Inc. reduced prices of gasoline by P0.85 per liter, diesel by P0.65 per liter and kerosene by P0.20 per liter ...

Oil firms roll back pump prices
philstar.com - 4 months ago
Unioil Philippines Inc. rolled back gasoline prices also by P2 per liter and diesel prices by P0.90 per liter effective 6 a.m. today Meanwhile, other oil companies will implement their price reductions on Monday. Petron Corp. said its price rollbacks ...

Manila Water bags contract in Tanauan
philstar.com - 4 months ago
Manila Water and its subsidiary Manila Water Philippine Ventures Inc. will enter into an agreement with TWD to establish a joint venture company that will implement the project. The Ayala-led utility firm covers the east zone which encompasses parts of ...

From the Court of Appeals to the Supreme Court
Sun Star - 4 months ago
including San Beda College of Law, UST Faculty of Civil Law, FEU Institute of Law, Angeles University Foundation ... Commercial Law Department of the Philippine Judicial Academy, the education arm of the SC. The 52-year-old magistrate will serve in the ...

JoAnne Skelly: Growing glorious garlic
Carson Now - 4 months ago
Carson High School band students were awarded a check for $8,000 from Capital Ford in Carson City Friday night following a successful Drive 4UR School fundraiser held Sept. 15 from which students ...

Sun Life Financial Inc
CNN Money - 4 months ago
SLF Regular Dividend: SLF will begin trading ex-dividend on 11/27/18 with a $0.50 dividend payable to shareholders of record as of 11/28/18.

IN PHOTOS: The aftermath of Hurricane Michael
Rappler - 4 months ago
After nearly 3 hours of strong winds and heavy rains, Michael flooded homes and streets, and toppled trees and power ... called "the worst storm that our Florida Panhandle has seen in a century."

Carson Mall October Wine Walk
Carson Now - 4 months ago
These open rehearsals are held at the University of Nevada, Reno in the Church Fine Arts building, room 112. There is no fee to participate in open rehearsals. 'Meaningful Change for Ourselves and ...

China Telecom, Europe firm join 3rd telco bid
philstar.com - 4 months ago
NOW Telecom, an affiliate of publicly-listed company NOW Corp., filed a case on Monday against the NTC for alleged legal violations in the new major player terms of reference (TOR) which took effect last week. NOW Telecom questioned the insertion of new ...

Eva, Others To End Trans-Pacific Price Fix Row For $50M
Law360 - 4 months ago
Law360 (October 12, 2018, 5:41 PM EDT) -- A California federal judge granted final approval of settlements with EVA Airways Corp., Philippine Airlines Inc., Air New Zealand Ltd. and China Airlines Ltd. that will require the carriers to pay more than $50 ...

Congress urged to investigate mine, quarry liability in Benguet, Cebu landslide disasters
Bulatlat - 4 months ago
MANILA -- Bayan Muna Rep. Carlos Zarate filed a House Resolution today asking the Committee of Natural Resources to investigate the liability of Benguet Corporation and Apo-Cemex, respectively, in the recent landslide disasters in Itogon, Benguet and Naga ...

Primex founder wins lifetime achievement honors
Plastics News - 4 months ago
Fort Worth, Texas -- John Farber, the founder of sheet extruder Primex Plastics Corp. and specialty chemical maker ICC Industries Inc., was honored with the Lifetime Achievement Award from the Society of Plastics Engineers' thermoforming division at its ...