ALI to start crafting Tutuban masterplan
Manila Bulletin - 2016-03-28
Property giant Ayala Land, Inc. (ALI) will start crafting a masterplan this year for the Tutuban mall property it has acquired from another listed firm Prime Orion Philippines, Inc. (POPI), mulling over if the lot it bought could accommodate more new ...

PLDT, Smart boost video services amid surge in data use
Manila Bulletin - 2016-03-28
As more people are turning to video when they go online, PLDT and its mobile subsidiary Smart Communications have put video content at the cutting edge of their digital strategy, "Video for All". In a statement, PLDT and Smart executive vice ...

ALI to start crafting Tutuban masterplan
Manila Bulletin - 2016-03-28
Property giant Ayala Land, Inc. (ALI) will start crafting a masterplan this year for the Tutuban mall property it has acquired from another listed firm Prime Orion Philippines, Inc. (POPI), mulling over if the lot it bought could accommodate more new ...

COCKTALES | SM Group digs itself deeper into Atlas Consolidated as miner moves to MOA
interaksyon.com - 2016-03-28
In the meantime, Ramos' two corporate vehicles, Alakor and Anglo Philippine Holdings, have maintained their combined 29.97 percent stake in the pre-war mining company, which, at its height in the commodity boom of the late 1970s was the biggest copper mine ...

COCKTALES | SM Group digs itself deeper into Atlas Consolidated as miner moves to MOA
interaksyon.com - 2016-03-28
Hammered by weak commodity prices, Atlas Mining moved into the red last year with an P814 million loss from P397 million and P1.89 billion consolidated profits in the two previous years. To keep costs down, Atlas Mining is also moving its April 29 ...

DMCI Homes trims stake in Subic Water
Inquirer - 2016-03-28
Conglomerate DMCI Holdings told the Philippine Stock Exchange on Monday that its subsidiary DMCI Project Developers Inc. (DMCI Homes) had sold 10 percent of its stock in Subic Water to the City of Olongapo for around P210.6 million. After the sale ...

Global Ferronickel seals 4.5-M WMT nickel supply deal with Chinese buyers
GMA Network - 2016-03-28
Global Ferronickel Holdings Inc., the Philippines' second-biggest nickel ore miner, signed contracts with Chinese buyers, including Baosteel, equivalent to about 90 percent of its nickel ore output target for this year, it said on Monday. The supply deals ...

Foreign banks cut remittance tie-ups
thestandard.com.ph - 2016-03-27
Finance sought the amendments in connection with the $81-million heist that used a Philippine bank and a remittance company as conduits. Finance Secretary Cesar Purisima said amending Republic Act No. 9160, or the Amla law, was urgent to protect the ...

DMCI trims stake in Subic Water
MSN - 2016-03-27
DMCI Project Developers, the property arm of DMCI Holdings has trimmed its stake in Subic Water and Sewerage Co., a public-private partnership arrangement that operates the water service facilities in the Subic Bay Freeport and Olongapo City. In a ...

Good start for top nickel producer expected in 2016
The Daily Tribune - 2016-03-27
Global Ferronickel Holdings Inc. (FNI), one of the top nickel miners in the country, announced the start of its mining season for 2016, winning a client that will manufacture big ships. The mining season for the firm this year is seen to start good with ...

Go Negosyo and the vice presidentiables
Philstar - 2016-03-27
This forum was again co-presented by the RFM Corporation, Sta. Elena Construction and Development Corporation, PLDT-Smart SME Nation, and exclusively covered by TV5. Sen. Chiz Escudero, Sen. Bongbong Marcos, Rep. Leni Robredo, and Sen. Antonio Trillanes ...

Sun Life ties up with PLDT, Smart to develop financial tech for insurance
BusinessMirror. - 2016-03-27
DAVAO CITY--The longest-running insurance company in the country, Sun Life of Canada (Philippines) Inc., has tapped the digital and mobile subsidiaries of the Philippine Long Distance Co. (PLDT) to develop the financial technology, or "fintech ...

Ayala Land issues P8-B fixed rate bond
Manila Bulletin - 2016-03-27
Ayala Land Inc. (ALI) issued and listed P8 billion worth of fixed-rate bonds on March 23 at the Philippine Dealing & Exchange Corp. The bonds carry a coupon rate of 4.85% per annum. The P8-billion bond, which is due in 2026, represents the first tranche ...

Ayala Land issues P8-B fixed rate bond
Manila Bulletin - 2016-03-27
Ayala Land Inc. (ALI) issued and listed P8 billion worth of fixed-rate bonds on March 23 at the Philippine Dealing & Exchange Corp. The bonds carry a coupon rate of 4.85% per annum. The P8-billion bond, which is due in 2026, represents the first tranche ...

Palm Concepcion set to supply power to Visayas
thestandard.com.ph - 2016-03-27
Palm Concepcion said in a statement the plant would start supplying electricity to customers in Panay, Negros and the rest of Visayas once it synchronized its operations with National Grid Corp. of the Philippines ... The first 135-MW unit of Palm ...

Ayala, SM, Aboitiz, Megaworld likely to pull out of Laguna Lakeshore PPP if...
Inquirer - 2016-03-27
Individuals with direct knowledge of the matter told the Inquirer that the Team Trident consortium, whose members are Ayala Land Inc., SM Prime Holdings Inc., Aboitiz Equity Ventures Inc. and Megaworld Corp., will not be submitting a bid on March 28 ...

Stronger law vs laundering urged
Philstar - 2016-03-27
The Senate Blue Ribbon committee, the Bangko Sentral ng Pilipinas (BSP), and the AMLC are conducting separate investigations on the alleged money laundering cases involving Rizal Commercial Banking Corp. (RCBC), Jupiter - Makati branch manager Maia ...

5G, iot and cloud to disrupt every industry
Manila Bulletin - 2016-03-27
Philippines and Pacific Islands President and Country Manager Sean Gowran said digital disruption will come to every industry in 2016 and shared major announcements the company has made in 5G, the Internet of Things (IoT) and cloud. With these ...

5G, iot and cloud to disrupt every industry
Manila Bulletin - 2016-03-27
Philippines and Pacific Islands President and Country Manager Sean Gowran said digital disruption will come to every industry in 2016 and shared major announcements the company has made in 5G, the Internet of Things (IoT) and cloud. With these ...

Sitting on its assets
Inquirer - 2016-03-27
"BHI" is the ticker tape name of Boulevard Holdings, billing itself as owner of other companies in hotels and resorts, and other tourism businesses. In the dreary stock market of today, investors already accepted that BHI indeed fell on hard times ...

Vista Land to spend record P36b
thestandard.com.ph - 2016-03-27
Vista Land earlier said it would pursue the residential business as well as the operation of newly-acquired shopping mall unit, Starmalls Inc. Vista Land expects Starmalls this year to expand its leasable area to 850,000 square meters from the current ...

Stocks forecast to rise
Inquirer - 2016-03-27
Last week, the Philippine Stock Exchange index (PSEi) rose by 0.7 percent or 53.31 ... Joseph Roxas, president of Eagle Equities Inc., said the market might firm up this week as investors close their books for the first quarter. Banco de Oro Unibank ...

Stock market likely to advance this week
Manila Standard Today - 2016-03-27
Top price losers were Melco Crown (Philippines) Resorts Corp., which lost 5 percent to P2.69, Globe Telecom, which dipped 3.8 percent to P2,106; and Philex Mining Corp., which fell 3 percent to P5.82.

BIR eyes to collect P358 million in income tax in Zambo City
interaksyon.com - 2016-03-27
The accredited banks are: Land Bank of the Philippine, China Bank, Metro Bank, United Coconut Planters Bank, Development Bank of the Philippines, and Philippine National Bank. Francisco urged the taxpayers to pay their ITR early to avoid the rush.

Ayala to expand auto business
MSN - 2016-03-26
Ayala Corp. is on the lookout for new and existing automotive brands to add to its portfolio as it eyes to expand its automotive distribution and eventually go into the automotive manufacturing business. In an interview, Ayala group head for Corporate ...

Jacques Ferrier: A vision for the Sensual City Exhibit
Philstar - 2016-03-26
MANILA, Philippines - Last March 15, the Alliance Francaise de Manille, in partnership with the Embassy of France to the Philippines, the National Museum of the Philippines, Holcim Philippines and French architectural agency, Jacques Ferrier Architectures ...

LRA, DENR asked to explain alleged dubious land deals
Philstar - 2016-03-26
The senator was acting on a complaint from Alsons Development and Investment Corp. (Aldevinco), which has been operating in the area under an Integrated Forest Management Agreement (IFMA) issued by the DENR in 1992. Pimentel, chairman of the Senate ...

Tourism-funded infra projects to benefit the poor
Manila Bulletin - 2016-03-26
Governor Florencio Miraflores said that among the current infrastructure programs funded by tourism-generated income includes the P132.3-million-expansion of the provincial hospital, which recently had its groundbreaking ceremony. "The construction of an ...

Real estate developers ramp up capex budget to P365 billion in 2016
Manila Bulletin - 2016-03-25
Bulk or 24.4 percent of the combined estimated capex of real estate developers this year still belongs to ALI, while 17.6 percent belongs to SM Prime Holdings, Inc. (SMPH). For this year, ALI may be allotting about P85 billion to P90 billion capex ...

Mandaluyong, Bulacan areas to experience power interruption on Black Saturday
MSN - 2016-03-25
Portions of Mandaluyong City and Bulacan province are set to experience power interruption on Black Saturday due to maintenance works of the Manila Electric Company (Meralco). In its Twitter page, Meralco said maintenance work will be done on its line ...

Metro Manila's water supply sufficent in the short term
MSN - 2016-03-24
METRO MANILA'S water supply is expected to be sufficient ... not one barangay in the east zone concession area of Manila Water went without water," Jeric T. Sevilla, Manila Water Company, Inc.'s head for corporate communications, had said last week.

Metro Manila's water supply sufficent in the short term
MSN - 2016-03-24
Sevilla, Manila Water Company, Inc.'s head for corporate communications, had said last week. "We are expecting the same this year. As in the past years, we have contingency plans in place to ensure supply continues to be available to our customers."

Acadia Realty Trust (AKR) Rating Lowered to Sell at Zacks Investment Research
Mideast Times - 2016-03-24
Finally, Norges Bank bought a new position in shares of Acadia Realty Trust during the fourth quarter worth about $22,282,000. Acadia Realty Trust (NYSE:AKR) remained flat at $33.70 during trading on Thursday. The company had a trading volume of 230,758 ...

DPWH warns of Holy Week traffic due to road repairs, reblocking
Philippine Daily Inquirer - 2016-03-24
The Metropolitan Manila Development Authority has also gave clearance to DPWH Quezon City First Engineering District and its contractor I.M. Construction Corporation for the reblocking at 1st lane of Qurino Highway-Lagro in front of Asia United Bank from ...

GT Capital earnings expand 32% in 2015
Philstar - 2016-03-24
Banking arm Metropolitan Bank & Trust Co. reported a 20 percent increase in its core earnings, ending 2015 with a consolidated net income of P18.6 billion. Toyota Motors Philippines, on the other hand, saw its net income surge by 41 percent to P10.2 billion.

DPWH warns of Holy Week traffic due to road repairs, reblocking
Philippine Daily Inquirer - 2016-03-24
The Metropolitan Manila Development Authority has also gave clearance to DPWH Quezon City First Engineering District and its contractor I.M. Construction Corporation for the reblocking at 1st lane of Qurino Highway-Lagro in front of Asia United Bank from ...

What Days of the Week Present the Biggest Corruption Risks?
JD Supra - 2016-03-23
An executive at Rizal Commercial Banking Corp (RCBC), Romualdo Agarrado, testified at a Philippine Senate hearing that the bank did receive the requests from Bangladesh, on February 9, they did issue stop orders internally but one bank manager "Maia ...

Reward Offered In Several Bergen County Bank Robberies
Patch - 2016-03-23
The man then counted from 10 or 15 to one and left with the money. The robberies have occurred at Hudson City Savings Bank branches in Oradell, Lyndhurst, Glen Rock, River Edge, and New Milford. The M&T Bank branch in Wayne and the Community Bank of Bergen ...

PLDT unit cited in CIO Asia Awards
Inquirer - 2016-03-23
PLDT Home, the home digital services unit of Philippine Long Distance Telephone Co., bagged an award recognizing its leadership in "digital innovation" in the region. In a statement, PLDT said it won in the leadership category and was one of five ...

BANKS' HOLY WEEK SKED | BDO, BPI and PSBank give advisories
interaksyon.com - 2016-03-23
MANILA - In separate advisories, BDO Unibank Inc., Bank of the Philippine Islands (BPI), BPI Family Savings Bank (BFSB) and Philippine Savings Bank, among others, announced that all their branches nationwide will be closed on March 24 and 25, 2016 in ...

P27.9-B Cebu toll bridge deal set for signing
Philstar - 2016-03-23
Metro Pacific Investments Corp. (MPIC) has been informed that the Cebu City council approved the Cebu-Cordova Bridge project, and granted the mayor the authority to sign the joint venture agreement during a meeting held on Thursday last week, Metro Pacific ...

Century Pacific and Singapore's GIC to buy Shakey's Philippines
Rappler - 2016-03-23
MANILA, Philippines - Conglomerate Century Pacific Group, Incorporated has partnered with Singaporean sovereign investor GIC to buy International Family Food Services, Incorporated (IFFSI), the owner and operator of the Shakey's pizza chain in the ...

GIC, Po family buys Shakeys, Project Pie from Prietos
Manila Bulletin - 2016-03-23
This is the second time the Po Family has partnered with GIC, the latter having acquired from CPGI a 10 percent stake in Philippine-listed Century Pacific Food, Inc. in May 2014. The Prieto family was advised by Maybank ATR Kim Eng. Evercore acted as ...

LIST: Holy Week mall schedules
Philstar - 2016-03-23
12 p.m. to 10 p.m. Ever Gotesco Commonwealth Maundy Thursday: 10:00 a.m. to 8:30 p.m. Good Friday: Closed Black Saturday: 10:00 a.m. to 8:30 p.m. Festival Mall Maundy Thursday: Closed Good Friday and Black Saturday: 10 a.m. to 9 p.m. Fisher Mall Maundy ...

DMCI Holdings Inc. in MAKATI, Philippines - Zawya
Zawya - 2016-03-22
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GMA-7 expands to Singapore, ME
thestandard.com.ph - 2016-03-22
GMA Network Inc. said on Tuesday it expanded its global footprint with the launch of its international channels in the Middle East and Singapore this month. The broadcasting network, which airs on channel 7 on free TV, said GMA International rolled out its ...

Sarangani Energy sets EPC contract award in May
Philstar - 2016-03-22
MANILA, Philippines - Sarangani Energy Corp. (SEC), a unit of Alsons Power, will award the engineering procurement and construction (EPC) contract for the second 105-megawatt(MW) unit of its coal-fired power plant in Mindanao. SEC said in a statement ...

Metro Retail Specialist Group eyes 20% hike in 2016 profit
Philstar - 2016-03-22
MANILA, Philippines - Metro Retail Specialist Group Inc. (MRSGI) expects net income to grow by at least ... Conrad Balatbat said the growth would be driven by an increase in same store sales, continued rationalization of operating expenses and higher ...

GMA Network expands international presence
Inquirer - 2016-03-22
Television broadcast giant GMA Network Inc. announced Tuesday new partnerships with carriers serving markets in Singapore, the Middle East, and North Africa in line with plans to grow its international footprint. GMA Network said in a statement the ...

Gokongwei retires as chair of Robinsons Retail
Philstar - 2016-03-22
Go is the chairman and CEO of JG Summit Holdings as of March 21. Gokongwei, who will turn 90 years old on Aug. 11, has promised to retire when he reaches 90 and just focus on his philantrophic work. In a rare chat with reporters in December last year ...