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 ...

Atlas trims capex to $27 M
Philstar - 2016-04-30
MANILA, Philippines - Listed Atlas Consolidated Mining and Development Corp. is reducing its capital expenditures to $27 million from the original planned spending of $104 million as it lowered the throughput of its mine in Cebu. The planned capital ...

DPWH to continue Quezon City road reblocking until May 2
Manila Bulletin - 2016-04-30
The roads that will undergo repair are the ones along Commonwealth Avenue Riverside to opposite Sandigan (2nd lane from center island, Southbound); along Commonwealth Avenue from Ever Gotesco Mall to Sandigan (2nd lane from center island, Northbound ...

Another Chattanooga bank gets a new name
Times Free Press - 2016-04-30
Another new banking name entered the Chattanooga market this week when the Ooltewah-based Community Trust & Banking Co ... the bank had 33 employees. Last year, the FDIC listed Community Trust was the 13th biggest of the 28 banks operating in metropolitan ...

Petron to hike cooking, auto LPG prices on Labor Day
GMA Network - 2016-04-30
Petron Corp. on Saturday announced that it will increase the prices of its LPG products on Labor Day. In an advisory posted on its Facebook account, Petron said it will increase the prices of its cooking gas by P1.55 per kilogram. It also said that it will ...

Duterte admits BPI accounts
MSN - 2016-04-30
After earlier denying the existence of alleged Bank of the Philippine Islands (BPI) bank accounts, Davao City Mayor Rodrigo Duterte backtracked and admitted he has several bank accounts, including two at BPI - Julia Vargas and Edsa Greenhills branches.

Filinvest upbeat on power business
Manila Standard Today - 2016-04-29
The company generated P49.3 billion in revenues last year, with 43 percent coming from real estate business units Filinvest Land Inc. and Filinvest Alabang Inc. FDC and Filinvest Land recently won the bid for the privatization of the former Mimosa Leisure ...

2Go Travel taps Globe solution to facilitate mobile phone payments
thestandard.com.ph - 2016-04-29
Globe Business senior advisory for enterprise and IT enabled services group Mike Frausing thanked 2Go Travel for the trust and confidence in Globe for expanding payment capabilities through Globe Charge. "As the leading ICT enabler in the Philippines ...

Higher Roxas profit
thestandard.com.ph - 2016-04-29
Roxas Holdings Inc., a unit of Hong Kong-based First Pacific Co. Ltd., expects net income in 2016 to surge to P235.52 million from just P18.5 million a year ago on higher revenues from its sugar and ethanol businesses. Roxas Holdings said in a filing with ...

Higher Roxas profit
Manila Standard Today - 2016-04-29
Roxas Holdings Inc., a unit of Hong Kong-based First Pacific Co. Ltd., expects net income in 2016 to surge to P235.52 million from just P18.5 million a year ago on higher revenues from its sugar and ethanol businesses. Roxas Holdings said in a filing with ...

Election 2016: Familiar voices among Pasay choices
Philippine Daily Inquirer - 2016-04-29
Del Rosario has been the executive vice president of real estate lessor Wodel Inc. since 1975. He also served as director of Araneta Properties Inc., Delsa Chemicals & MultiProducts Inc., Emcor Inc., and K Servico Trade Inc. He ran for mayor in 2013.

Election 2016: Familiar voices among Pasay choices
Philippine Daily Inquirer - 2016-04-29
Del Rosario has been the executive vice president of real estate lessor Wodel Inc. since 1975. He also served as director of Araneta Properties Inc., Delsa Chemicals & MultiProducts Inc., Emcor Inc., and K Servico Trade Inc. He ran for mayor in 2013.

Duterte admits BPI accounts
Philstar - 2016-04-29
Mike Toledo of the MVP Group, my niece Ritzi Ronquillo of Holcim Philippines, and many others. To register for this very timely conference, interested parties may visit www.sustainabilitysummit.ph. Tidbits The Court of Appeals (CA) issued a temporary ...

Stocks continue to decline
Inquirer - 2016-04-29
Other actively traded companies were Alliance Global Group Inc., unchanged at P14.50; Puregold Price Club Inc., down 1.47 percent to P40.20; SM Investments Corp., down 0.21 percent to P944; Bank of the Philippine Islands, down 0.22 percent to P90.50 ...

Meralco, Semirara expand partnership, to build plant
Inquirer - 2016-04-29
Semirara Mining and Power Corp. and Meralco Powergen Corp., a wholly owned subsidiary of the Manila Electric Co. (Meralco), have added a new dimension to existing ties as they agreed to jointly develop a 700-megawatt (MW) coal-fired power plant in Calaca ...

Filinvest upbeat on power business
thestandard.com.ph - 2016-04-29
Filinvest Development Corp., the holding company of the Gotianun family, expressed optimism over its growth prospects this year as it prepares for the opening of a 405-megawatt coal plant in Misamis Oriental province in the second quarter. "We are ...

BPI denies alleged breach of client confidentiality
Manila Bulletin - 2016-04-29
The Bank of the Philippine Islands on Friday (April 29, 2016) denied allegations that there has been a breach of client confidentiality after a BPI account involving presidential candidate Davao City Mayor Rodrigo Duterte was exposed by vice presidential ...

BPI denies alleged breach of client confidentiality
Manila Bulletin - 2016-04-29
The Bank of the Philippine Islands on Friday (April 29, 2016) denied allegations that there has been a breach of client confidentiality after a BPI account involving presidential candidate Davao City Mayor Rodrigo Duterte was exposed by vice presidential ...

Philex Q1 net income up 38%
BusinessMirror. - 2016-04-29
PHILEX Mining Corp. recorded a net income of P402 million during the first quarter of the year. Compared to the first four months of the previous year, this is higher by 38 percent, which officials of Philex attributed to lower operational costs amid the ...

FDC sees stronger earnings growth from its power business
Manila Bulletin - 2016-04-29
Filinvest Development Corporation (FDC) expects earnings to surge this year as its power business begins to make substantial contributions to its bottomline. "We are excited this year as we expect to start commissioning the first unit of our 3 x 135 MW ...

Today's Dead Cat Bounce Stock Is SM Energy (SM)
The Street - 2016-04-29
See the FREE profile for SM NOW at Trade-Ideas More details on SM: SM Energy Company, an independent energy company, engages in the acquisition, exploration, development ... a signal of major weakness within the corporation. Compared to other companies ...

President Aquino dismayed after bidding for Laguna dike project fails
Manila Bulletin - 2016-04-29
Prime Asset Ventures Inc., Hanshin Engineering Constructions); San Miguel Holdings Corp.; and Trident Infrastructure and Development Corp. (composed of Aboitiz Equity Ventures Inc., Ayala Land Inc., Megaworld Corp. and SM Prime Holdings Inc.), did not ...

President Aquino dismayed after bidding for Laguna dike project fails
Manila Bulletin - 2016-04-29
Prime Asset Ventures Inc., Hanshin Engineering Constructions); San Miguel Holdings Corp.; and Trident Infrastructure and Development Corp. (composed of Aboitiz Equity Ventures Inc., Ayala Land Inc., Megaworld Corp. and SM Prime Holdings Inc.), did not ...

Semirara Mining, Meralco seal partnership for Calaca plant expansion
Philstar - 2016-04-29
MANILA, Philippines - Semirara Mining and Power Corp. has formalized its partnership with Manila Electric Co. (Meralco) for the expansion of the Calaca coal-fired power plant in Batangas. In a disclosure to the Philippine Stock Exchange, Semirara said it ...

AF Payments partners with bus operators for beep card
Manila Bulletin - 2016-04-29
AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp., partnered with three bus operators to accept payment through the contactless beep card, its tap and go payment scheme. The consortium reached agreements with ...

AF Payments partners with bus operators for beep card
Manila Bulletin - 2016-04-29
AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp., partnered with three bus operators to accept payment through the contactless beep card, its tap and go payment scheme. The consortium reached agreements with ...

Globe brings Fiber to Binondo SMEs, eyes $2B rollout
Rappler - 2016-04-29
MANILA, Philippines - Globe Telecom plans to spend around $2 billion to spread high-speed broadband across the country and has found a template for what it hopes to be a quicker rollout of its high-speed Fiber broadband in Chinatown. Globe had previously ...

Bangko Sentral foils attempts to hack its website
MSN - 2016-04-29
BSP Governor Amando Tetangco Jr. revealed this yesterday on the sidelines of the Financial Inclusion Summit 2016 organized by the Bank of the Philippine Islands. "Yes, there were attempts and I think this is a fact of life, but we were able to turn them ...

Roxas Holdings gets PSE approval for share sale
BusinessWorld Online - 2016-04-29
ROXAS HOLDINGS, Inc. (RHI) secured the approval of the Philippine Stock Exchange, Inc. (PSE) to kick off the sale of new shares to existing investors that will raise funds for expansion and debt settlement. RHI is raising P1.11 billion from a stock rights ...

BPI denies breach of client confidentiality
MSN - 2016-04-28
In light of the recent controversy involving an account of presidential candidate Davao City Mayor Rodrigo Duterte with the Bank of the Philippine Islands (BPI), the Ayala-led lender on Friday denied allegations of a breach of client confidentiality.

BPI denies breach of client confidentiality
MSN - 2016-04-28
In light of the recent controversy involving an account of presidential candidate Davao City Mayor Rodrigo Duterte with the Bank of the Philippine Islands (BPI), the Ayala-led lender on Friday denied allegations of a breach of client confidentiality.

Peso sheds P0.12 on May 9 jitters
MSN - 2016-04-28
Aboitiz Equity expanding presence in Southeast Asia; sets P58-B capex for 2017

Meralco, Semirara to build P90-b plant
Manila Standard Today - 2016-04-28
Semirara Mining and Power Corp. and Meralco PowerGen Corp., a wholly-owned subsidiary of Manila Electric Co., formed a joint venture to develop a 700-megawatt coal plant in Calaca, Batangas costing P90 billion. Semirara Mining, a unit of DMCI Holdings Inc ...

Senior RCBC execs not yet in the clear in $81-M money-laundering of Bangladesh Bank funds
BusinessMirror. - 2016-04-28
SENATE probers on Thursday clarified Rizal Commercial Banking Corp. officials higher than dismissed RCBC Jupiter Branch Manager Maia Deguito are not yet in the clear of potential liabilities arising from the $81-million money-laundering case involving ...

8990 on track to meet P24-B sales target by 2020
Philstar - 2016-04-28
8990 Holdings is also planning to build a mid-rise residential project in a 3.4-hectare property in Las Pinas which it acquired from SBS Philippines. The company reported a 23 percent growth in net income last year to P4.05 billion, slightly exceeding its ...

SMC denies giving P500M check to Trillanes
kami.com.ph - 2016-04-28
A viral Facebook post has made rounds in social media by someone named 'Antonio Tamarkis' claiming that San Miguel Corporation has issued a check worth P500 million to Senator Antonio Trillanes IV. He claims that the signature of the check belongs to the ...

Alsons earmarks P40M for Mindanao
Inquirer - 2016-04-28
Alcantara-led Alsons Power Group has allocated for this year a total of P40 million for corporate social responsibility (CSR) programs in Mindanao, including various initiatives in the areas of education, environment, infrastructure and community development.

Philex Petroleum cuts losses to P15M in Q1
Inquirer - 2016-04-28
Philex Petroleum Corp., the upstream oil and gas unit of listed mining firm Philex Mining Corp., trimmed its consolidated net loss in the first three months of the year to P15 million compared to the P44.2 million loss posted in the same period last year.

Meralco, Semirara to build P90-b plant
thestandard.com.ph - 2016-04-28
Semirara Mining, a unit of DMCI Holdings Inc. of the Consunji Group, said in a disclosure to the stock exchange Thursday it signed a joint venture agreement with Meralco PowerGen "for the purpose of owning, constructing and operating a 700-MW coal fired ...

RHI sets P1.1-B rights offering
Inquirer - 2016-04-28
Roxas Holdings Inc., a listed sugar company controlled by the group of businessman Manuel V. Pangilinan, got the go-ahead to proceed with a P1.1-billion rights offering, which was aimed at paying down its debts and expanding its business. In a stock ...

Senior RCBC execs not yet in the clear in $81-M money-laundering of Bangladesh Bank funds
BusinessMirror. - 2016-04-28
SENATE probers on Thursday clarified Rizal Commercial Banking Corp. officials higher than dismissed RCBC Jupiter Branch Manager Maia Deguito are not yet in the clear of potential liabilities arising from the $81-million money-laundering case involving ...

Globe spending $2B in 5 years to bolster Internet access by 2M homes nationwide
BusinessMirror. - 2016-04-28
MOBILE services provider Globe Telecom Inc. is spending $2 billion over a five-year period to achieve its target of deploying fiber-optic cables in 20,000 barangays all over the country to provide faster and more reliable Internet access in about 2 ...

MGen, Semirara to manage 750-MW coal plant in Batangas
BusinessMirror. - 2016-04-28
Aboitiz Power Corp. and Taiwan Cogeneration Corp. The target commencement of construction is within 2016, with commercial operation expected late 2019. MGen is currently looking for partners for a 2 x 600-MW coal-fired power plant in Quezon. Atimonan One ...

MGen, Semirara to manage 750-MW coal plant in Batangas
BusinessMirror - 2016-04-28
SEMIRARA Mining and Power Corp., the coal-mining arm of Consunji-led DMCI, and Meralco Powergen Corp. (MGen), the power generation arm of the Manila Electric Co. (Meralco), will jointly undertake a 750-megawatt (MW) coal-power project in Batangas.

8990 Holdings aiming for P28-B revenue by 2017
Manila Bulletin - 2016-04-28
Mass housing developer 8990 Holdings, Inc. is considering the expansion of its growth targets to as much as P28 billion in 2017 from an initial target of P14 billion. In an interview, 8990 president Januario Jesus Atencio said the company is encouraged by ...

8990 Holdings aiming for P28-B revenue by 2017
Manila Bulletin - 2016-04-28
Mass housing developer 8990 Holdings, Inc. is considering the expansion of its growth targets to as much as P28 billion in 2017 from an initial target of P14 billion. In an interview, 8990 president Januario Jesus Atencio said the company is encouraged by ...

Meralco partners with Consunji group on Calaca power project
Manila Bulletin - 2016-04-28
The power generation arm of the Manila Electric Company (Meralco) has cemented a joint venture deal with the Consunji-led Semirara Mining and Power Corporation for the 700-megawatt coal-fired power project in Calaca, Batangas. The relevant parties have not ...

Burgos kin ask next president to bring Jonas back home; remind PNoy of vow, Senate speech
interaksyon.com - 2016-04-28
Jonas, the third child of the late world press freedom icon Jose Burgos Jr., was seized by four men and a woman as he ate lunch alone, unarmed, at the Ever Gotesco Mall in Quezon City on April 28, 2007. Family and friends, led by his mother Edita T.

Philex Petroleum narrows loss in Q1
Philstar - 2016-04-28
MANILA, Philippines - Philex Petroleum Corp., the upstream oil and gas unit of listed mining firm Philex Mining Corp., trimmed its net loss by 42.1 percent in the first quarter to P11.8 million. The lower net loss was attributed to cost reduction efforts ...