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 ...

MPIC to sign Cebu bridge deal
Manila Standard Today - 2016-03-22
The tollway unit of Metro Pacific Investments Corp. expects to sign within the month the joint venture agreement with Cebu government for the P27.9-billion third bridge between Mactan Island and mainland Cebu after the provincial council approved it.

Alsons sees lower profit on forex losses
Inquirer - 2016-03-22
Alsons Consolidated Resources Inc. (ACR), the publicly-listed company of the Alcantara Group, said its consolidated net income declined by 5 percent to P691 million in 2015 from P727 million in 2014. The company said this was due mainly to foreign exchange ...

Stock mart retreats; SM Prime, Petron up
thestandard.com.ph - 2016-03-22
SM Prime Holdings Inc., the real estate arm of tycoon Henry Sy, gained 1.8 percent to P22.55. Alliance Global Group Inc., the investment company of tycoon Andrew Tan, added 0.4 percent to close at P16.06. Meanwhile, Tokyo stocks rose sharply on Tuesday ...

PLDT Home cited for its leadership in digital innovation in Asia
thestandard.com.ph - 2016-03-22
PLDT Home, the digital services unit of Philippine Long Distance Telephone Co., has been recognized for its leadership in digital innovation in Asia for its pioneering data sharing initiative, in partnership with Smart Communications in the recent CIO Asia ...

Iloilo firm utilizes e-bikes
Manila Bulletin - 2016-03-22
PECO, partly owned by the First Philippine Holdings Corporation of the Lopez Group of Companies, is also encouraging other companies in Iloilo City and the rest of the Western Visayas region to use e-bikes and become more environmentally responsible.

RCBC fires Deguito, deputy
Inquirer - 2016-03-22
YUCHENGCO-led Rizal Commercial Banking Corp. fired its Jupiter branch manager Maia Santos-Deguito and her deputy Angela Torres on Tuesday, citing violations of bank policies and procedures as well as falsification of commercial documents. "Other branch ...

Sandigan junks graft rap vs ex-GSIS chief Garcia
Philippine Daily Inquirer - 2016-03-22
The Sandiganbayan has dismissed the graft case of former Government Security Insurance System (GSIS) President Winston Garcia involving an allegedly anomalous eCard project with the Union Bank of the Philippines. In a resolution promulgated last March 17 ...

Taipan John Gokongwei hands over retail business to son Lance
Manila Bulletin - 2016-03-22
RRHI said Lance Gokongwei has been appointed to replace the elder Gokongwei as chairman and CEO while James L. Go, youngest brother of John, retains his position as vice chairman of the RRHI board of directors. The firm recently acquired A.M. Builders ...

Taipan John Gokongwei hands over retail business to son Lance
Manila Bulletin - 2016-03-22
RRHI said Lance Gokongwei has been appointed to replace the elder Gokongwei as chairman and CEO while James L. Go, youngest brother of John, retains his position as vice chairman of the RRHI board of directors. The firm recently acquired A.M. Builders ...

Secure ISO certification, DENR urges mining firms
Philstar - 2016-03-22
There are 44 metallic mine companies listed under the Mines and Geosciences Bureau (MGB) and only four have secured ISO certification namely Oceana Gold, Philex Mining Corp., SR Metals Inc. and Greenstone Resources Corp. Apex Mining Co. has appealed to ...

Coco farmers to Poe: Don't serve Danding Cojuangco's interest in P73-billion coco levy fund issue
interaksyon.com - 2016-03-22
They said that when Poe came to their province to campaign, they thought that she would offer help in recovering the coco levy fund, which they alleged was stolen by Cojuangco and San Miguel Corporation. "We thought that we, the poor farmers, now have ...

COCKTALES | Metrobank rewards top management team with 16% pay increase
MSN - 2016-03-22
Even with the hefty raise, the estimated 2016 Metrobank package just puts it on the same level with last year's package the Bank of the Philippine Islands gave its top management team. Excluding stock options, BPI in 2015 forked out P188.38 million for the ...

CA green lights Meralco rate hike
MSN - 2016-03-22
The Court of Appeals (CA) has affirmed the decision of the Energy Regulatory Commission (ERC) allowing the Manila Electric Company (Meralco) to increase its rates. The rate hike, by P0.0168 per kilowatt hour, was approved despite earlier findings by the ...

Sarangani Energy sets EPC contract award in May
MSN - 2016-03-21
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 yesterday it received bids ...

Ty sells entire interest in CHI
thestandard.com.ph - 2016-03-21
First Metro Investments Corp., the investment banking unit of Metropolitan Bank & Trust Co. of tycoon George Ty, is selling its entire 10.47 percent interest Cebu-based property developer Cebu Holdings Inc. First Metro said in a regulatory filing the board ...

Ty sells entire interest in CHI
Manila Standard Today - 2016-03-21
First Metro Investments Corp., the investment banking unit of Metropolitan Bank & Trust Co. of tycoon George Ty, is selling its entire 10.47 percent interest Cebu-based property developer Cebu Holdings Inc. First Metro said in a regulatory filing the board ...

BTMU eyes Tier 1 status for Security Bank
Philstar - 2016-03-21
MANILA, Philippines - Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) is prepared to assist Security Bank in gaining Tier 1 bank status by 2020. BTMU acquired approximately 20-percent equity in Security Bank last January, considered the biggest acquisition by a ...

Stock market volatility seen to continue after polls
Philstar - 2016-03-21
FMIC, the investment banking arm of the Metrobank Group, earlier this year had forecast that the Philippine Stock Exchange index would climb to as much as 7,500 this year, lower than its 8,500 forecast in 2015 which the local bourse failed to achieve.

The money trail for one of the biggest cybercrimes in history has gone cold in the Philippines
The Business Insider - 2016-03-21
Public hearings on the heist in the Philippines' Senate last week focused on the manager of a Manila branch of Rizal Commercial Banking Corp (RCBC). Her bank received the stolen money on Feb. 4 and transferred it to a foreign exchange broker who passed it ...

Apple Inc. Makes The Case For Smaller iPhone And Greater Need For Privacy
International Business Times - 2016-03-21
For many of us, the iPhone is an extension of ourselves ... which then allows its users to keep track of their symptoms. And when patients opt to, the can also share that detailed data with their doctors. While CareKit apps can enable developers ...

Millions Shine A Light on Climate Action for Earth Hour 2016
clickthecity.com - 2016-03-21
Philippine Switch-offs Celebrate Climate Solutions The Philippines ... Department of Health (DOH), Department of Labor and Employment (DOLE), Department of National Defense (DND), Department of Public Works and Highways (DPWH), Department of Science ...

Selected banks are open during Lent
Manila Bulletin - 2016-03-21
Some banks will have operations amid the long days of Holy Week such as EastWest Banking Corp. but others including Bank of the Philippine Islands (BPI) and Philippine Savings Bank are closed during Lent. EastWest Bank said it will have no banking ...

Transport firms, agencies ready for Lenten traffic
Manila Bulletin - 2016-03-21
Manila South Harbor operator Asian Terminals, Inc. (ATI), in a marketing circular, said its international container and general cargo terminals will suspend port operations for vessels from 7 a.m. of March 25 (Good Friday) to 7 a.m. of March 26 (Black ...

Alternative market being explored for RE post-FIT
Manila Bulletin - 2016-03-21
For one, First Gen chairman Federico R. Lopez has intimated that if there is any country aware of reaching grid parity for RE, that will definitely be the Philippines. With massive power subsidies scrapped following the passage of the Electric Power ...

CA affirms ERC order allowing Meralco to raise electricity rates by P0.0168/kWh
BusinessMirror. - 2016-03-21
THE Court of Appeals (CA) has affirmed the decision issued by the Energy Regulatory Commission (ERC) in 2011 allowing the Manila Electric Co. (Meralco) to increase its rates by P0.0168 per kilowatt-hour (kWh), despite earlier findings by the Commission on ...

F5 networks executives urge local banks to step up cybersecurity
BusinessMirror. - 2016-03-21
The executives urged banks to step up cyberprotection in light of an alleged money-laundering scheme involving a Bangladesh bank and the Rizal Commercial Banking Corp. Photo and story by Oliver Samson / Correspondent F5 Networks Inc. executives urged ...

First Gen building P118-M transmission link in Batangas
philstar.com - 2016-03-21
MANILA, Philippines - Lopez-led First Gen Corp. is building a P118-million connecting transmission facility which will allow its 450-megawatt (MW) San Gabriel natural gas-fired plant in Batangas to supply to the national grid. First Gen, through its ...

2 more criminal complaints against Deguito, Torres to be filed 'very soon'
Rappler - 2016-03-21
MANILA, Philippines -- Two more criminal complaints for falsifying documents will be filed against Rizal Commercial Banking Corporation (RCBC) Jupiter-Makati branch manager Maia-Santos Deguito and senior customer relations officer Andrea Ruth Torres "very ...

24/7 Service & Safety with Meralco this Holy Week
Manila Bulletin - 2016-03-21
Regardless of where you are this Holy Week, The Manila Electric Company (Meralco) is reminding you of the importance of electrical safety at home, especially during the Holy Week where there are families who are out of town for days. Meralco Public ...

Sun Life Financial Inc. (NYSE:SLF) Receives $45.14 Average Price Target from Analysts
financial-market-news.com - 2016-03-21
Sun Life Financial Inc. (NYSE:SLF) has earned a consensus recommendation of "Buy" from the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given ...

CA upholds ERC decision allowing Meralco to hike rates
Philippine Daily Inquirer - 2016-03-21
THE Court of Appeals upheld the 2011 decision of the Energy Regulatory Commission (ERC) allowing the Manila Electric Company (Meralco) to increase its rates by P0.0168/kwh despite earlier findings by the Commission on Audit (COA) that it overcharged its ...

CA upholds ERC decision allowing Meralco to hike rates
Philippine Daily Inquirer - 2016-03-21
THE Court of Appeals upheld the 2011 decision of the Energy Regulatory Commission (ERC) allowing the Manila Electric Company (Meralco) to increase its rates by P0.0168/kwh despite earlier findings by the Commission on Audit (COA) that it overcharged its ...

Alsons earnings down 5% in 2015
Philstar - 2016-03-21
MANILA, Philippines - Foreign exchange losses weighed on the net profit of Alsons Consolidated Resources Inc. (ACR), the publicly listed company of the Alcantara Group, last year. In a statement, the company said its net income declined five percent from ...

DOH to launch dengue vaccine in April
Manila Bulletin - 2016-03-21
"It will be on April. It will be soon because the preparations are ongoing, and the training as well. Dumating na iyong ibang mga bakuna (The vaccines has arrived already)," Health Secretary Janette Loreto-Garin said in an interview. Earlier ...

Zark's comes home
Visayan Daily Star - 2016-03-21
a program that allows him to be mentored by the likes of Manny Ayala (founding Board of Rappler), Danny Lizares (Abraaj Group), Injap Sia (Double Dragon Properties - Mang Inasal / City Mall Founder), Jasen Ko (Serial Entrepreneur), Jaime Zobel ...

Servicio Filipino Inc. marks 55th year in pioneering human resource services
Manila Bulletin - 2016-03-21
Leading human resource services provider Servicio Filipino, Inc. (SFI) recently marked a milestone in its achievement-rich existence when it celebrated its 55th year of delivering outstanding workforce solutions in the country. Since its founding in 1961 ...

COCKTALES | Metrobank rewards top management team with 16% pay increase
interaksyon.com - 2016-03-21
Even with the hefty raise, the estimated 2016 Metrobank package just puts it on the same level with last year's package the Bank of the Philippine Islands gave its top management team. Excluding stock options, BPI in 2015 forked out P188.38 million for the ...

Who are the richest givers in the Philippines?
entrepreneur.com.ph - 2016-03-21
The youngest foundation on the list is the ICTSI (International Container Terminal Services, Inc.) Foundation, which only started in 2010. In its short stint so far, the foundation prides itself with the Parola Solid Waste Management Project, an ...

Ayala Land sells P8-b bonds
thestandard.com.ph - 2016-03-20
Property developer Ayala Land Inc. raised P8 billion from the sale of 10-year bonds, amid a strong demand from investors, one of the underwriters handling the transaction said over the weekend. BPI Capital Corp. managing director Eric Roberto Luchangco ...

Roxas Holdings plans P1.19-b rights offering
Manila Standard Today - 2016-03-20
Roxas Holdings Inc., a sugar producer controlled by the First Pacific group, plans to raise as much as P1.19 billion through a stock rights offering to finance the expansion of its ethanol business. Roxas Holdings said in a filing with the Securities and ...

Roxas Holdings plans P1.19-b rights offering
thestandard.com.ph - 2016-03-20
Roxas Holdings Inc., a sugar producer controlled by the First Pacific group, plans to raise as much as P1.19 billion through a stock rights offering to finance the expansion of its ethanol business. Roxas Holdings said in a filing with the Securities and ...

Northern Mindanao, in search of inclusive growth
Inquirer - 2016-03-20
Brown Resources is into palm oil ... Mindanao Container Corp., Mindanao Forge Co., Mabuhay Vinyl, Maria Cristina Chemical Industry, Mindanao Portland Cement, Philippine Sinter Corp. and Refractories Philippines. Phividec Industrial Estate in Tagaloan ...

Vista Land buys beachfront boutique hotel in Boracay
Inquirer - 2016-03-20
PROPERTY developer Vista Land & Lifescapes Inc. has debuted into the beach resort business with the acquisition of Mediterranean-themed beachfront estate Boracay Sands, a 54-room boutique hotel in Boracay Island. The acquisition of this beachfront hotel ...

Metro Pacific may defer mediation bid
thestandard.com.ph - 2016-03-20
The tollway unit of Metro Pacific Investments Corp. said it may defer the filing of an arbitration case against the government, after the Toll Regulatory Board requested a 30-day extension to decide on its petition for a toll increase. "They asked for ...

Bacolodnon enjoys success in franchising
Manila Bulletin - 2016-03-20
The 54-year-old businesswoman has successfully mapped out her retirement plan by making the smart investment choice through 7-Eleven. "My cousin, Felix Yulo, who owns two 7-Eleven franchise stores in Manila, recommended us to join in. Since it is new to ...

Bacolodnon enjoys success in franchising
Manila Bulletin - 2016-03-20
The 54-year-old businesswoman has successfully mapped out her retirement plan by making the smart investment choice through 7-Eleven. "My cousin, Felix Yulo, who owns two 7-Eleven franchise stores in Manila, recommended us to join in. Since it is new to ...

Metrobank allots P7 B for 2016 capex
Philstar - 2016-03-20
MANILA, Philippines - Metropolitan Bank & Trust Co. (Metrobank) has earmarked P7 billion for its capital expenditures this year, bulk of which will go to information technology. "For the year 2016, the bank estimates to incur capital expenditures of ...

BDO to roll out EMV MasterCard ATM
Manila Bulletin - 2016-03-20
BDO Unibank, Inc. (BDO) said it will roll out an EMV-embedded BDO MasterCard ATM debit card, complementing its earlier deployment of EMV-ready automated teller machines (ATM) in the local market. In a statement, the BDO said it will roll out EMV chip ...