FLI set to invest P5b to redevelop Mimosa
Manila Standard Today - 2016-04-22
Filinvest Land Inc., the property unit of the Gotianun family, said it will spend P5 billion over the next five years to renovate and develop the 201-hectare former Mimosa Leisure Estate owned by state-controlled Clark Development Corp. Filinvest Land ...

Panasonic sees PH sales increasing by 30% until 2018
Manila Standard Today - 2016-04-22
Panasonic Philippines expects sales in premium durables line to grow by an average of 30 percent annually until 2018 amid the positive outlook of Philippine economy and the increasing purchasing power of the middle class. "These are aspirational premium ...

Sun Life Financial Inc. (SLF) to Post Q1 2016 Earnings of $0.92 Per Share, National Bank Financial Forecasts
Mideast Times - 2016-04-22
Sun Life Financial Inc. (TSE:SLF) - Research analysts at National Bank Financial reduced their Q1 2016 earnings per share estimates for shares of Sun Life Financial in a report released on Wednesday, Zacks Investment Research reports. National Bank ...

Conservation eyed as power reserve thins
Inquirer - 2016-04-22
The 300-MW power plant of Aboitiz Power Corp. subsidiary Therma South Inc. is also expected to be in full commercial operation as well as new capacities from solar power plants that have started operating commercially. The summer heat was adding to the ...

Jollibee group completes acquisition of Mang Inasal
Inquirer - 2016-04-22
Homegrown fast-food giant Jollibee Foods Corp. has acquired the remaining 30-percent stake held by the group of businessman Edgar Sia II in grilled chicken restraurant chain Mang Inasal Philipines Inc. for about P2 billion. This allows Jollibee to take 100 ...

Avida introduces new residence in Vertis North
Inquirer - 2016-04-22
Avida Towers Sola, which has 31 residential stories, will occupy part of this master-planned development of Ayala Land Inc. Its introduction follows the success of Avida Towers Vita in Vertis North. Adjacent to its predecessor, Avida Towers Sola will ...

Globe champions environmental sustainability with Project 1 Phone
Inquirer - 2016-04-22
This early, the group has already received commitment from companies like Coca Cola (FEMSA Philippines), Nestle, Bayan Telecommunications, Pilmico, Aboitiz Equity Ventures and Huawei. As of end 2015, Globe Business was able to contribute significantly to ...

Property sector momentum sustained even after elections
Inquirer - 2016-04-22
the Philippines will be in the top 20 economies of the world by 2021 when we celebrate 500 years as a Christian nation, adopting western civilization with our Asian Filipino culture," enumerated architect and urban planner Felino Palafox Jr., National ...

MNTC allots P4 B for NLEX, SCTEX upgrade
Philstar - 2016-04-22
MANILA, Philippines - Metro Pacific Investments Corp. (MPIC) unit Manila North Tollways Corp. is spending P3.9 billion for enhancement works at the North Luzon Expressway (NLEX) and Subic-Clark-Tarlac Expressway (SCTEX). "Prior to the integration of ...

BDO nets record income in 2015: P25B
Rappler - 2016-04-22
Down in Q1 2016 For the first quarter of 2016 ... through a joint venture with Nomura Holdings. The bank, through its BDO Leasing and Finance Division also plans to tie-up with Mitsubishi Motors Philippines Corporation (MMPC), Sojitz Corporation and ...

Jollibee takes full control of Mang Inasal for P2B
m.philstar.com - 2016-04-22
according to a disclosure to the Philippine Stock Exchange released Friday. Jollibee acquired the remaining 30-percent share in Mang Inasal Philippines Inc., the owner and operator of the chain, for P2 billion. The company said the acquisition was ...

Explosions at chemical storage company in eastern China
MSN - 2016-04-22
Its parent is a Singapore-listed company called Hengyang Petrochemical Logistics. Deqiao's facilities include storage tanks and shipping berths on the Yangtze River, according to Hengyang's website. Industrial accidents are common in China where safety ...

More public-private efforts to expand access to quality affordable healthcare
Manila Bulletin - 2016-04-22
Edwin Mercado, President and CEO of QualiMed, an Ayala Land affiliate, said that the private sector perspective should also be included in the capacity planning of government agencies. Mercado cited some obstacles for private sector participation such as ...

KMP takes protest vs MRT-7 to PNoy's Times St. house
interaksyon.com - 2016-04-22
Big businesses and real estate giants like SM Investments Corp., Ayala Corporation, JG Summit Holdings and other companies are seen to benefit and profit from the MRT-7 as they are expected to set up businesses along the 14-station route of the train ...

COCKTALES | Razon, Bloomberry, ICTSI brass take 40% pay cuts
interaksyon.com - 2016-04-22
Billionaire Enrique Razon Jr. and his expatriate senior executive team at Bloomberry Resorts will be taking a combined 42 percent compensation cut this year amid the casino-hotel group's nearly P3.4-billion loss in 2015. The belt-tightening will also ...

BDO sets P26B profit guidance, posts P5.5B earnings in Q1
Manila Bulletin - 2016-04-22
BDO Unibank Inc. announced its earnings guidance of P26.0 billion for the full-year 2016 as it expects its treasury income to normalize this year. The bank also reported that it posted a net income of P5.5 billion for the first quarter of the year as core ...

Jollibee takes full control of Mang Inasal for P2B
Philstar - 2016-04-22
MANILA, Philippines -- Fast food giant Jollibee Foods Corp. recently took full control of barbecue chain Mang Inasal, according to a disclosure to the Philippine Stock Exchange released Friday. Jollibee acquired the remaining 30-percent share in Mang ...

All set for election - Comelec Mimaropa
news.pia.gov.ph - 2016-04-22
"Based on the Terms of Reference with 2GO, this courier must comply with the dates and delivery of the VCMs direct to all polling places for proper turn-over to the BEIs," Atty. Cortez said. 2GO won the bid for the delivery of all the VCMs direct to the ...

MMDA: Heavy traffic expected in QC due to road reblocking
Manila Bulletin - 2016-04-22
1. Along Commonwealth Avenues from Ever Gotesco Mall to Sandigan, 2nd lane from Center Island. 2. Along Congressional extension Luzon Avenue to Tandang Sora Avenue. Carlos said DPWH-National Capital Region Director Melvin Navarro has recommended the ...

Jollibee takes 100% control of Mang Inasal
Inquirer - 2016-04-22
HOMEGROWN fast-food giant Jollibee Foods Corp. has acquired the remaining 30 percent stake held by the group of businessman Edgar Sia II in grilled chicken chain Mang Inasal Philipines Inc. for around P2 billion. This allows Jollibee to take 100 percent ...

Ombudsman bans smoking within its premises
Manila Bulletin - 2016-04-22
The Office of the Ombudsman (OMB) has strictly imposed total ban on smoking within its premises, warning that offenders will be fined up to P10, 000. Ombudsman Conchita Carpio Morales issued the directive after noting that the no-smoking policy has not ...

Ombudsman bans smoking within its premises
Manila Bulletin - 2016-04-22
The Office of the Ombudsman (OMB) has strictly imposed total ban on smoking within its premises, warning that offenders will be fined up to P10, 000. Ombudsman Conchita Carpio Morales issued the directive after noting that the no-smoking policy has not ...

BIR files P35.61M tax evasion complaint vs PhilRem
Rappler - 2016-04-22
The $81-million stolen funds had been transferred into casinos from the Rizal Commercial Banking Corporation (RCBC) via money transfers from PhilRem. PhilRem president Bautista also told senators she delivered P600 million and another $18 million in cash ...

All set for election - Comelec Mimaropa
news.pia.gov.ph - 2016-04-22
"Based on the Terms of Reference with 2GO, this courier must comply with the dates and delivery of the VCMs direct to all polling places for proper turn-over to the BEIs," Atty. Cortez said. 2GO won the bid for the delivery of all the VCMs direct to the ...

Jollibee acquires remaining 30% share in Mang Inasal for P2B
MSN - 2016-04-21
This, after JFC purchased the remaining 30-percent share in Mang Inasal Philippines Inc., the owner and operator of Mang Inasal, for P2 billion. The company said the acquisition was in line with the terms of the shareholdersâ agreement executed in 2010.

RENEWABLE ENERGY DEVELOPMENT CORPORATION
Economic Times - 2016-04-21
IL&FS to develop 5,000 MW energy storage park in Rajasthan IL&FS will develop a 5,000 MW energy storage park in Rajasthan in a joint venture ...

Tabuena, Que make cut in Panasonic
MSN - 2016-04-21
Miguel Tabuena fought back with a 69 while Angelo Que shot a 70 as they made it to the weekend play of the rich Panasonic Open Golf Championship with backside rallies at the Chiba Country Club in Chiba, Japan yesterday. In danger of missing the cut with a ...

BIR files P36-M case vs Philrem
Philippine Daily Inquirer - 2016-04-21
Philrem, a domestic corporation registered with the Securities and Exchange Commission (SEC), has an office at Unit 208 Cityland III, Herrera corner Esteban Streets in Legazpi Village, Makati City, according to a BIR statement issued by its public ...

Stocks rally; Ayala, Megaworld advance
thestandard.com.ph - 2016-04-21
Gainers beat losers, 105 to 83, with 48 issues unchanged. Conglomerate Ayala Corp. climbed 1.6 percent to P786, while unit Ayala Land Inc., the second-biggest builder, advanced 2.9 perent to P35. Technology stock Now Corp. jumped 21.5 percent to P3.22 ...

Bloomberry willing to report deals to AMLA
thestandard.com.ph - 2016-04-21
Bloomberry Resorts Corp. chairman and chief executive Enrique Razon Jr. said Thursday he is in favor of including casinos in the list of institutions required to report suspicious transactions to the Anti-Money Laundering Council. Razon, however ...

Heaven is what you drive on Earth
BusinessMirror. - 2016-04-21
Upon arriving in Busuanga airport, our group, headed by IPC President Hajime Koso, were greeted by a fleet of six mu-X vehicles, which IPC shipped a few weeks ahead via 2GO Freight, the official shipping partner of Isuzu for most of its test-drive events ...

The justice she deserves: Remembering Given Grace
kami.com.ph - 2016-04-21
They were security bank guard Lester Ivan Rivera and tricycle driver Percival de Guzman. A touching tribute to the junior student shows her grace, exuberance and innocence. Her death provoked issues on state universities' budgets in terms of security while ...

The future of Philippine manufacturing
BusinessMirror. - 2016-04-21
One reason is the fact that some businesses are relocating away from China to the Philippines and Vietnam because these two countries have lower labor costs. It is forecast that up to 2030 China will have a Plus 3 factor increase in labor costs compared ...

The future of Philippine manufacturing
BusinessMirror. - 2016-04-21
In shipbuilding, there is a backlog of 106.8 tons that still has to be completed by the four major shipbuilders hosted by the Philippines: Tsuneishi, Hanjin, Keppel, Herma and Colorado. An Ayala Corp.-owned electronics company called Integrated Micro ...

Voting in 80 shopping malls a go-Comelec
BusinessMirror. - 2016-04-21
To be transferred to a total of 27 malls owned by SM Prime Holdings Inc. are 126 clustered precincts in 35 barangays ... set to be transferred to five malls by the Gaisano-led Metro Retail Stores Group Inc. Three malls by Double Dragon Properties Corp ...

While Kelly Ripa skips work, Michael Strahan stays mum
CNN Money - 2016-04-21
Strahan said "GMA" was like his "second family," alluding to the corporate synergies that are in effect. "We're on the same network," he said. "I'm just right over here, but we're on the same team" -- he looked into the camera while saying that -- "same ...

LRWC nets P1.03 B last year
Philstar - 2016-04-21
MANILA, Philippines - Leisure and Resorts World Corp. (LRWC) reported a consolidated net income of P1.03 billion last year, up 37 percent year on year. For the fourth quarter, net earnings went up by only three percent to P229 million due to the ...

Samsung releases pink versions of Galaxy S7
MSN - 2016-04-21
The pink versions of the smartphones were released first in South Korea, and will roll out in select markets. Samsung says they chose to add a pink gold hue to the collection because it's soothing and "provides a sense of comfort." The smartphones are also ...

RCBC treasurer steps down amid $81-M heist
philstar.com - 2016-04-21
MANILA, Philippines -- The treasurer and external vice president of the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) resigned from his post amid the alleged money laundering activities involving $81 million coursed through the bank. RCBC Treasurer ...

Century Pacific borrows P500M for acquisition
Manila Bulletin - 2016-04-21
Century Pacific Food, Inc. (CNPF) has entered into an agreement to secure a 5-year fixed rate term loan amounting to P500 million. In a disclosure to the Philippine Stock Exchange, the firm said it will use the proceeds of the loan to partially refinance ...

Century Pacific borrows P500M for acquisition
Manila Bulletin - 2016-04-21
Century Pacific Food, Inc. (CNPF) has entered into an agreement to secure a 5-year fixed rate term loan amounting to P500 million. In a disclosure to the Philippine Stock Exchange, the firm said it will use the proceeds of the loan to partially refinance ...

Philippine Candidates Seen as Best to Run Economy Trail in Polls
Bloomberg - 2016-04-20
"From a business perspective, the priority is simple: continuity of reforms," said Jonathan Ravelas, chief strategist at BDO Unibank Inc. in Manila. "Poe and Roxas are perceived as the most similar to the present administration. It might not be what ...

Pinoy aces struggle in Panasonic Open
MSN - 2016-04-20
Angelo Que leaned on his superb short game to salvage six pars and card a one-over 72 but stood six strokes off Ryutaro Nagano of Japan as the Filipino aces groped for form in the $1.2 million Panasonic Open Golf Championship at the Chiba Country Club in ...

Bank Secrecy Act made AMLC a paper tiger
thestandard.com.ph - 2016-04-20
that doubt has been demolished by the testimonies given before the Senate blue ribbon committee by the management and personnel of Rizal Commercial Banking Corp. and the other players in the $81-million Bangladesh Bank drama. The common verdict of the ...

Is your food Instagram-worthy?
Philstar - 2016-04-20
This was the idea behind "Play on Plate: Creating Instagrammable dishes using everyday ingredients," a media event that was held recently by the San Miguel Pure Foods Culinary Center (SMPFCC) at the Bee House, a residence and events venue in Antipolo.

Megawide net jumps 66% to P1.47B
Inquirer - 2016-04-20
Construction and engineering firm Megawide Construction Corp. grew its net profit last year at the fastest pace since it went public in 2011 as the first full-year operations of Mactan-Cebu International Airport (MCIA) added to the core construction business.

Stocks continue to weaken
Inquirer - 2016-04-20
This was followed by Ayala Land Inc., down 1.31 percent to P34; Security Bank Corp., up 0.58 percent to P174; Ayala Corp., down 0.77 percent to P773.50, and Globe Telecom, down 2.64 percent to P2,140. Other actively traded companies were Metro Pacific ...

Sun Life Financial donates $50,000 to support Ecuador earthquake emergency relief
Market Watch - 2016-04-20
TORONTO, Apr 20, 2016 (Canada NewsWire via COMTEX) -- Sun Life Financial Inc. (SLF) SLF, -0.68% announced today that it will donate C$50,000 to the Canadian Red Cross as it responds to the ongoing emergency in Ecuador. The contribution will come from the ...

PNoy touts 34% share of renewables in power mix, opens San Carlos solar plant
interaksyon.com - 2016-04-20
Joining the President at the inauguration of SaCaSun were Negros Occidental Governor Alfredo Marañon, Jr., Energy Secretary Zenaida Monsada, Aboitiz Power Corporation chief executive officer Erramon Aboitiz and the President's sister Kris Aquino.

Atlas Mining sinks to P814-M loss in 2015
Philstar - 2016-04-20
MANILA, Philippines - Listed Atlas Consolidated Mining and Development Corp. incurred a net loss of P814 million last year, weighed down by low metal prices. This was a reversal of the P397 million net income reported in 2014. Atlas Mining, however ...