SEC asks trade operators to follow data-privacy laws
BusinessMirror - 4 months ago
business continuity, disaster recovery and risk-management systems to a regular review and audit by an independent firm. The rule came from the Securities and Regulation Code of 2015.

DICT accuses NOW Telecom of delaying 3rd telco entry
Rappler - 4 months ago
NOW Telecom, an affiliate company of NOW Corporation and a 3rd ... that the company can be at least comparable to the resources of the duopoly of Smart and Globe. The participant is given options on what form it wishes to put up the security - for ...

A340 fleet: last Asian operator, Philippine Airlines, bows out
Centreforaviation.com - 4 months ago
Philippine Airlines (PAL) has become the latest airline to phase out A340s, operating its last A340-300 scheduled flight at the end of Sep-2018 without fanfare. PAL accelerated the retirement of its last four A340-300s, a sensible decision given the recent ...

Duterte to call for economic resilience at leaders meet
philstar.com - 4 months ago
enhancing social security and promoting decent work for all. West said no official document would be issued after the gathering but the outcome of the discussions is expected to set the tone for the 2018 Annual Meetings of the IMF and WB Group also in Bali ...

Promoting tourism, ICT through reg'l quiz matches supports inclusiveness
Philippine Information Agency - 4 months ago
SAN FERNANDO CITY, Otober 9 (PIA) -- To celebrate the World Tourism Day 2018, the Department of Tourism (DOT) in Ilocos Region held on September 25 a regional tourism quiz bee enjoining 13 schools in the region represented by college students. This year ...

3rd telco bidder sues NTC for 'money-making' requirements
Rappler - 4 months ago
MANILA, Philippines - NOW Corporation, one of the prospective bidders to be the 3rd telecommunications player in the Philippines, locked horns with the National Telecommunications Commission (NTC) over issues in the terms of reference (TOR) for the ...

Five firms buy bid documents to become 3rd major telco player
newsbytes.ph - 4 months ago
Other companies that have earlier expressed interest to join the bidding are the Philippine Telegraph and Telephone Co., Converge ICT Solutions, TransPacific Broadband Group International Inc. and ...

POS Terminals Market to See 13%+ CAGR to 2024| NCR Corporation, NEC...
Virtual-Strategy - 4 months ago
Key POS terminals market players are Toshiba Corporation, Wincor Nixdorf, NCR Corporation, Ingenico Group, Cegid, CYBERNET, Epicor Software, NEC Corporation, GK Software SE, JDA Software, MICROS Systems ... rise in the number of online customers and ...

MMDA announces measures to address traffic as holiday rush nears
philstar.com - 4 months ago
In a Facebook post on Monday, the Metropolitan Manila Development Authority said the agency met ... "Asia's shopping mall capital" by a foreign newspaper. Conglomerates SM Investments Corp., Robinsons Corp., Ayala Corp. and Megawide Corp. operate the ...

Singson, Uy join bidding for third telecom player
Manila Standard Today - 4 months ago
Other groups that are expected to purchase bid documents in the coming days are China Telecom, LG Uplus Corp., Korea Telecom, Vietnam Telecom, Philippine Telegraph and Telephone Corp., Converge ICT, Transpacific Broadband Group Inc. and EasyCall ...

SEC: Cases filed vs SMFB may not impact follow-on offering
BusinessMirror - 4 months ago
San Miguel Corp. consolidated its food and beverages businesses by transferring all its equity in Ginebra San Miguel Inc. and San Miguel Brewery Inc. (SMB) to San Miguel Pure Foods Co. in exchange for shares. It then renamed Pure Foods into its current name.

Power rates to go down in October
BusinessWorld - 4 months ago
TYPICAL HOUSEHOLDS can expect their monthly electricity bill to go down by P19 in October after distribution utility Manila Electric Co. (Meralco) announced on Monday another cut in the overall rates due to a reduction in power generation charges.

Henry Sy-led SMIC looking to shift investment strategy
BusinessWorld - 4 months ago
In 2017, it acquired a 34.5% stake in Negros Navigation Company, Inc., the parent of integrated transport solutions provider 2GO Group, Inc. The listed conglomerate also acquired earlier this year a 34% interest in Goldilocks, Inc., after the deal to buy ...

Melco Resorts told to discuss issues with minority shareholders
BusinessWorld - 4 months ago
Meanwhile, Mr. Refran explained the PSE cannot compel listed Asiabest Group International, Inc. (ABG) to disclose the intra-corporate suit filed against Tiger Resort Asia Ltd., which is currently acquiring majority of ABG. Japanese gaming tycoon Kazuo ...

Amaia expands Bulacan residential project
BusinessWorld - 4 months ago
Maria, Bulacan. In a statement, the economic housing unit of Ayala Land Inc. said the third sector of Amaia Scapes Bulacan will offer 306 new units. The development will have amenities such as a multi-village pavilion, swimming pool, basketball court and a ...

ICTSI to start MICT expansion next week
BusinessWorld - 4 months ago
ICTSI INTERNATIONAL Container Terminal Services, Inc. (ICTSI) said it has received the green light from the Philippines Ports Authority (PPA) to proceed with its expansion of the Manila International Container Terminal (MICT). In a statement on Monday ...

PBCom raises P2.9B from LTNCDs
BusinessWorld - 4 months ago
Metropolitan Bank & Trust Co. as well as Rizal Commercial Banking Corp. have also offered LTNCDs to support their funding needs, raising P8.68 billion and P3.58 billion, respectively. PBCom posted a P146.3-billion net income in the second quarter ...

Retailers can import up to 350,000 tons of rice
BusinessWorld - 4 months ago
Trade Secretary Ramon M. Lopez said three retailers, including Puregold Price Club, Inc. and Robinsons Retail Holdings, Inc., have expressed interest in importing rice to sell it cheaply in their outlets. "So far we have three major groups that indicated ...

Peso inches higher on inflation
BusinessWorld - 4 months ago
Meanwhile, Philippine Bank of Communications (PBCom) Treasurer Alan E. Atienza expects the peso to weaken further next year as the US Federal Reserve is expected to gradually increase interest rates. "I think the peso will continue to weaken. The ...

Chavit Singson, Dennis Uy, to bid for 3rd telco
Rappler - 4 months ago
The Mel Velarde-led company NOW Corp. also purchased bid documents. Kristian Pura, NOW's head of business development and strategy head, said in a Facebook post that this is the "first step [in] providing world class broadband experience to the Filipino ...

China Stocks, Apple, Amazon, Ford and Walmart - 5 Things You Must Know
TheStreet.com - 4 months ago
Apple and Amazon are holdings in Jim Cramer's Action ... operations and create a more efficient company that results in fewer white collar jobs. Ford said it was in the "early stages of reorganizing" its global salaried work force. The automaker said ...

Adjusted malls hours, halted road works to ease Metro Manila holiday traffic
Rappler - 4 months ago
MANILA, Philippines - Mall operators in Metro Manila have agreed to adjust their store and delivery hours to help ease traffic during the holiday season - from November 5, 2018, to January 14, 2019 - while government agencies and private companies ...

Meralco: Electricity rates down slightly in October
CNN Philippines - 4 months ago
Metro Manila (CNN Philippines, October 8) -- Amid rising prices of food and fuel, the country's biggest power distributor on Monday announced a slight dip in prices, the second consecutive reduction.

Meralco: Electricity rates down slightly in October
CNN Philippines - 4 months ago
Metro Manila (CNN Philippines) -- Amid rising prices of food and fuel, the country's biggest power distributor on Monday announced a slight dip in prices, the second consecutive reduction.

SE Asia Stocks-Singapore falls further ahead of policy review; Philippines recovers
Reuters - 4 months ago
* Singapore cenbank decision due on Oct 12 * Philippines up after 2 sessions of falls By Niyati Shetty Oct 8 (Reuters) - Singapore shares extended falls on Monday ahead of a central bank policy review this week, while Philippine stocks rose after two ...

ParaƱaque transport hub set to open this month
Manila Standard Today - 4 months ago
MWM Terminals Inc., a consortium led by Megawide Construction Corp., said the ParaƱaque Integrated Terminal Exchange will open later this month, with full commercial operations expected in November this year, three years after the concession was awarded ...

Stock-Market Outlook
BusinessMirror - 4 months ago
Top gainers were Keppel Philippines Holdings Inc. A, Oriental Petroleum and Minerals Corp. A, Abra Mining and Industrial Corp., Manila Bulletin Publishing Corp., Metro Alliance Holdings and Equities Corp. B and SSI Group Inc. Top losers were Philippine ...

Stock-Market Outlook
BusinessMirror - 4 months ago
Abra Mining and Industrial Corp., Manila Bulletin Publishing Corp., Metro Alliance Holdings and Equities Corp. B and SSI Group Inc. Top losers were Philippine Trust Co., Liberty Flour Mills Inc., Bright Kindle Resources and Investments Inc., ISM Corp. and ...

Economists watch if inflation has peaked
BusinessWorld - 4 months ago
But Emilio S. Neri, Jr., chief economist at the Bank of the Philippine Islands (BPI), said inflation could still pick up. "The behavior of inflation has a direct link with oil. Unless the said commodity shows a consistent deceleration, then consumer ...

SNAP, LGUs ink deal for Alimit Hydropower
BusinessMirror - 4 months ago
SNAP was represented by its President and CEO Joseph Yu, Chief Business Development Officer Kjell Valdal, Chief Corporate Services Officer Michael Hosillos and members of the business development ...

Globe to deploy small cell antennas along major roads
BusinessWorld - 4 months ago
GLOBE TELECOM, Inc. is expecting to speed up the roll out of more than 120 cell sites in Metro Manila as it signed an agreement with the Metro Manila Development Authority (MMDA) to cut the process for securing permits in building telco infrastructure.

Albay board members ask NBI to probe Mayon volcano quarrying
Rappler - 4 months ago
LEGAZPI CITY, Philippines - Albay Vice Governor Harold Imperial and some members of the Sangguniang ... The minimum truckload fee is P2,000 or so, it used to be P500... These mineral resources are given to us for free from Mayon volcano ejecta.

Dennis Uy's Chelsea Logistics unveils PH's biggest oil tanker
Rappler - 4 months ago
They operate 16 tankers, 22 Roro ships, 11 cargo vessels and 14 tugboats through Chelsea Shipping, Starlite Ferries,Trans-Asia Shipping Lines, Inc. and Fortis Tugs. In addition, its investee 2GO Group, Inc. operates 8 Roro vessels, 5 cargo vessels ...

BDO president tops Best CEO in Philippine list
philstar.com - 4 months ago
All votes are weighted by place (first, second, third, fourth) and Tan has received the highest score among all CEOs in Philippines ... bests are JG Summit Holdings president and CEO Lance Gokongwei (ranked second) and Ayala Corp. chairman and CEO ...

Telco stakeholders react on DICT common tower policy
TechnoChops - 4 months ago
like Globe Telecom and PLDT, Inc. The said policy was met with contrasting reactions from both Globe representatives and telco stakeholders. It will be recalled that Globe representatives had said in May of this year that the company now has 934 new sites ...

Mayor Sarah Duterte supports entry of 3rd telco player
TechnoChops - 4 months ago
READ: Davao City adopts Israeli i-STEAM curriculum for city high school But if they decide to migrate online or build a website, the loss is still big due to slow loading speed. Amazon estimated that US$1.6 billion is lost when a website loads slower than ...

Philippine Airlines files petition for $5 passenger security fee
philstar.com - 4 months ago
MANILA, Philippines -- Flag carrier Philippine Airlines (PAL) has filed a petition with the Civil Aeronautics Board (CAB) to impose a passenger security fee on passengers bound for the United States. In a notice of hearing by the CAB published in The STAR ...

Metrobank set to issue P2b in CPs and bonds
Manila Standard Today - 4 months ago
METROPOLITAN Bank & Trust Co., the second-largest lender in terms of assets, plans to raise at least P2 billion through the issuance of the first tranche of a P100-billion bond and commercial paper program. Metrobank said in a disclosure to the stock ...

Central exposure
Manila Standard Today - 4 months ago
AboitizLand, the Cebu-based property arm of Aboitiz Equity Ventures, Inc. recently launched Ajoya, a mid-market residential development that offers master-planned communities for families in Cabanatuan, Nueva Ecija, and Capas, Tarlac. Ajoya Cabanatuan is a ...

Dubai Municipality visits government agencies, ports, private companies in PHL
BusinessMirror - 4 months ago
Department of Science and Technology-Region 4A Halal Verification Laboratory, Food and Drug Administration, Philippine Ports Authority-Batangas International Port, Intertek Testing Services ...

Traffic Advisory: MMDA to close Commonwealth-Don Antonio U-turn on Saturday, October 6
BusinessMirror - 4 months ago
MMDA General Manager Jojo Garcia said the U-turn slot closure, particularly at Don Antonio, would last for two months as private contractor EEI Corporation begins the construction of an abutment ...

Share prices sink on inflation concerns
philstar.com - 4 months ago
MANILA, Philippines -- The stock market was back in turmoil yesterday, sinking deeper into bear territory and hitting the 7,000 level again, a day before the government is set to announce the inflation in September which is expected to hit a new peak once ...

ALI issues P8-B in fixed rate bonds
BusinessWorld - 4 months ago
AYALA Land, Inc. (ALI) raised P8 billion from the issuance of fixed rate bonds on Friday, which are expected to fund several mall, office, and hotel projects it has in the pipeline. The property developer listed the bonds -- due 2023 -- at the Philippine ...

Century Properties sells P2B vacation homes in Nasugbu
BusinessWorld - 4 months ago
CENTURY Properties Group, Inc. (CPG) has pre-sold 342 vacation homes worth P2 billion in its residential tourism estate in Nasugbu, Batangas, more than nine months after it was unveiled to the market. In a statement issued Friday, CPG said its leisure ...

How Filipinos can invest in Asia Pacific companies, real estate
CNN Philippines - 4 months ago
Metro Manila (CNN Philippines) -- So you have extra cash ... As you search for options, real estate investing may have caught your eye. No, we are not talking about regular houses, but assets ...

Landslide victims get more aid
philstar.com - 4 months ago
Another P1 million cash aid was handed over by Jae Han Go of KEPCO Philippines Corp. and Jong Ryoon Yoon of KEPCO SPC Power Corp to Chiong yesterday afternoon. Earlier, the Cebu City government has pledged to donate P1 million in cash for Naga. The ...

Cash and in kind:Naga City gets P15 million aid
philstar.com - 4 months ago
Cebu Archbishop Jose Palma gave P35,000 while Senator Aquilino Pimentel III sent P100,000. Among the biggest donors are Salcon Power Corporation (SPC) and KEPCO SPC wherein each gave P1 million. Some of the cash donations were utilized to cover for ...

Latham, Paul Weiss Steer $175M Infusion Into Philippines Co.
Law360 - 4 months ago
Under the terms of the transaction, KKR and Tencent will become minority shareholders in a PLDT business unit called Voyager Innovations by way of separately buying newly issued shares of the unit, according to a statement. In total, the investment could ...

Duterte not sick, just took day off - Palace
philstar.com - 4 months ago
Duterte also met with former president Fidel Ramos, who invited Duterte to the launch of his new book. The President also met with Metrobank awardees, said Special Assitant to the President Bong Go.

Voyager inks $175-million deal with Tencent, KKR investment firm
BusinessMirror - 4 months ago
TENCENT Holdings ... in a Filipino tech company. With the fresh capital, Voyager can further scale up its digital services--particularly in digital finance--in the Philippines, an initiative ...