Shell unit open to becoming newest First Gen partner
BusinessMirror. - 2016-03-07
SHELL Philippines Exploration BV (Spex), the upstream oil-development subsidiary of Royal Dutch Shell, is open to forging a partnership with First Gen Corp. of the Lopez group involving gas-power projects. "Of course, we are always talking to as many ...

High-end condo makes distinct mark in Pasay City
Manila Bulletin - 2016-03-07
DMCI Homes ups the ante more with its latest development in the city called Fairway Terraces, a high-end condominium whose desirable address puts it in the middle of all the lifestyle conveniences that the city can offer. Located at the Villamor Airbase ...

Megaworld earmarks P55B to build malls, buy land
GMA Network - 2016-03-07
Megaworld Corporation and its subsidiaries have allotted P55 billion in capital expenditure to build new malls and buy more land. "Seventy-five percent of the capital spending for the year will be used for development projects, particularly on the ...

Philex explores prospects outside disputed Reed Bank
Rappler - 2016-03-07
"I think in areas outside the disputed territory, there are plans. There's an ongoing survey work outside the disputed area," Philex Petroleum Corporation Chairman Pangilinan said. Philex holds a 60.49% interest in UK-based Forum Energy Plc., which has a ...

Megaworld group allots P55-B capex
Manila Bulletin - 2016-03-07
In a disclosure to the Philippine Stock Exchange, this is the capex for top urban developer Megaworld and its subsidiary brands Global-Estate Resorts, Inc. (GERI), Empire East Holdings, Inc., and Suntrust Properties, Inc. Megaworld said about 75 percent ...

Megaworld group allots P55-B capex
Manila Bulletin - 2016-03-07
In a disclosure to the Philippine Stock Exchange, this is the capex for top urban developer Megaworld and its subsidiary brands Global-Estate Resorts, Inc. (GERI), Empire East Holdings, Inc., and Suntrust Properties, Inc. Megaworld said about 75 percent ...

PSPC profit drops 23% on weaker Samsumg orders
Manila Bulletin - 2016-03-07
Phoenix Semiconductor Philippines Corporation (PSPC), a global semiconductor assembly and test company, reported a 23 percent drop in net income last year to $13.46 million from the $17.45 million it earned in 2014. In a disclosure to the Philippine Stock ...

Oil firms to raise pump prices Tuesday
Manila Bulletin - 2016-03-07
"These reflect movements in the international oil market," Petron said. Meanwhile, Phoenix Petroleum, Unioil and Seaoil said they will also raise diesel prices by P0.65 per liter and gasoline prices by P0.80 per liter.

NOW offers wireless internet service for large firms
Manila Bulletin - 2016-03-07
Since early 2000, NOW Corp. has been providing high-value IT Services such as enterprise-grade email collaboration (on-premise and cloud), technical maintenance, web development, mobile apps development and customized software development for large enterprise.

PSEi weighed down by telcos
Inquirer - 2016-03-07
Globe Telecom likewise fell by 1.72 percent as investors priced in stiffer competition in this business. Conglomerates GT Capital (-1.93 percent), SMIC (0.93 percent) and JG Summit (-0.69 percent) also declined. These dragged down the holding firm counter ...

Megaworld to build more malls, office buildings in PH
Rappler - 2016-03-07
MANILA, Philippines - Andrew Tan-led Megaworld Corporation set a capital spending budget of P55 ... Megaworld's programmed spending for 2016 includes the spending of its subsidiaries Global-Estate Resorts, Incorporated (GERI); Empire East Holdings ...

Filipinos good short-term savers, but rank high in debt - poll
Rappler - 2016-03-07
and that they have clear plans to get the most out of their savings in the long run," Manulife Philippines president and CEO Ryan Charland said in a separate statement. "It's always important to listen to family when making important financial decisions ...

Energy firm readies plant for summer peak - 2016-03-07
SPI is principally owned by a leading German power producer STEAG GmbH with local partners Aboitiz Power and La Filipina Uygongco Corporation. (SPI)

GT Capital shifts to infra
MSN - 2016-03-06
GT Capital Holdings Inc., the George Ty-owned conglomerate, has now fully exited the lucrative power sector as it makes a bigger bet for its long-term growth on the infrastructure business through its recent acquisition of a stake in Pangilinan-led Metro ...

Stock mart poised to test 7,000 points - 2016-03-06
Listed companies that will report their 2015 financial performance include Ayala Corp., LT Group Inc. and Del Monte Pacific Ltd. The bellwether PSEi last week advanced 1.89 percent to close at 6,899.07, while the broader All Shares Index gained 2.07 ...

Just one hour for the children - 2016-03-06
With fellow trustees (from left) Philippine Veterans Bank chairman Roberto de Ocampo, Alaska Milk Corp. president and CEO Wilfred Uytengsu; First Credit Consultants Corp. president Grace Tiongco and CH founder/Ayala Corporation chairman Jaime Augusto Zobel ...

Southwoods keeps PAL title - 2016-03-06
CLARK, Angeles - Pro-bound Justin Quiban made an astonishing 10 birdies Saturday to power Manila Southwoods to a second straight Philippine Airlines (PAL) Interclub golf team championship at the Mimosa Golf and Country Club. The 20-year-old Quiban ...

Alternative investment instrument: PSE readies launch of dollar stocks - 2016-03-06
MANILA, Philippines - The Philippine Stock Exchange Inc. (PSE) is setting the stage for the issuance of dollar denominated securities (DDS). The introduction of DDS aims to provide issuers the flexibility to meet their capitalization requirements.

Philracom requires drug testing for horses
Philstar - 2016-03-06
as well as for sampling and post-race examination units that must be established within three months by the three racing clubs - Manila Jockey Club, Philippine Racing Club, and Metro Manila Turf Club. A technical working group comprising three ...

Biz Buzz: Roadshows and junkets
Inquirer - 2016-03-06
Leading the private sector cast was billionaire ports and casino magnate Enrique Razon Jr., along with Century Properties chair and CEO Jose Antonio. Also part of the delegation were RCBC president Lorenzo Tan and BDO Capital president Ed Francisco as well ...

IBEX awards honors the excellence within the IMI
Manila Bulletin - 2016-03-06
The Integrated Micro-Electronics (IMI) has 30 years of experience working with major, game-changing companies throughout the world. They have provided parts and services for automotive companies, developed high grade security applications and hardware for ...

PSE prepares listing rules for dollar-based securities
Inquirer - 2016-03-06
The DDS is seen suitable for large companies listed in the Philippines and overseas, like Philippine Long Distance Telephone Co. and Del Monte Pacific. PLDT has depository receipts traded in New York while Del Monte Pacific is listed here and in the ...

Zika virus detected in PH
Philippine Daily Inquirer - 2016-03-06
The other countries belonging to this category include American Samoa, Cambodia, Fiji, Malaysia, Marshall Islands, Samoa, Solomon Islands, Tonga, Vanuatu and Lao PDR in the Western Pacific Region, and Indonesia, Maldives and Thailand in South East Asia.

Harbor takeover valid -- SMC - 2016-03-06
"Absent a temporary restraining order issued by RTC or the final resolution the cases filed both in the RTC and the SEC, we believe that Petron and SMHC [San Migule Holdings Corp.] has valid ownership of the share as they respectively acquired to ...

PH analytics industry is born
Manila Bulletin - 2016-03-06
Some two years ago, I wrote an enthusiastic piece about the birth of the analytics industry in the Philippines. Back then, analytics was being championed by a group called "Analitika", a consortium of high-level personalities from government, the ...

Shell eyes start of construction for LNG facility in 2017 - 2016-03-06
"We are always talking to as many people as we can," he said. The managing director noted the company is talking with First Gen Corp., which holds the most natural gas-fired power plants in the country, adding other firms such as Meralco PowerGen Corp. and ...

Key Executives for Philippine Business Bank, Inc.
Bloomberg - 2016-03-06
Rolando R. Avante 10 Relationships Chief Executive Officer, President, Director, Member of Executive Committee, Member of Manpower, Compensation & Remuneration Committee and Member of Trust Committee 55 Alice P. Rodil No Relationships Chief Financial ...

The wRap
Rappler - 2016-03-06
Wenn's funeral is on Sunday, March 6. Watch Vice Ganda's tribute to Direk Wenn. The National Telecommunications Commission (NTC) has yet to respond to Globe and PLDT's requests for the "fair" reallocation of the 700 megahertz (MHz) spectrum band mostly ...

Is It Time To Bet Against The House?
Seeking Alpha - 2016-03-06
the answer from a purely exposure perspective is Melco Crown. According to the most recent data provided by management, the company generated 92.9% of its sales from Macau, with the remainder coming from its City of Dreams Manila resort in the Philippines.

Globe puts up online site for Samsung S7 pre-orders
Philstar - 2016-03-05
MANILA, Philippines - Globe Telecom Inc. has set up an online site to accept pre-orders for the latest Samsung smartphones Galaxy S7 and S7 edge. Through the pre-portal, Globe can process pre-orders for the new smartphones upon ...

Quiban hits record 10 birdies Southwoods rules PAL Interclub
Philstar - 2016-03-05
... Quiban set the course on fire and with it burned down rival Canlubang in the battle for supremacy in the 69th Philippine Airlines Interclub. Saving his best for last, Quiban gunned down 10 birdies to offset two pick-up mishaps en route to a game ...

PLDT rules MVP Olympics
Philstar - 2016-03-05
MANILA, Philippines - In the closing hours of competition, Team PLDT continued to flex its muscles, overwhelming the field in volleyball, darts and cheer dance for a virtual wire-to-wire domination of the 2016 MVP Olympics set to end in an elaborate ...

Looking beneath the Hawaiian polo shirts and T-shirts with logos of Forbes billionaires
Philstar - 2016-03-05
Top contractor David Consunji of DMCI Holdings is a billionaire who has grown rich based on decades of consistent professional excellence and good-quality construction. He is the only University of the Philippines engineering graduate among the top 11 ...

ALI formalizes P8-B bond issue
Philstar - 2016-03-05
MANILA, Philippines - Property giant Ayala Land Inc. has finalized its planned issuance of P8 billion worth of bonds. The proposed issue was assigned an issue credit rating of PRS Aaa with a stable outlook by local credit watchdog Philippine Rating ...

Alliance Select holds stockholders mtg
Philstar - 2016-03-05
Roxas, a graduate of Ateneo with a degree in economics, is President of Eagle Equities. He is concurrently a director for the publicly listed DFNN Inc. and of Kimquan Trading Corp. Tan, elected as independent director, is a management engineering graduate.

Banking on the expertise of the prince of biscuits
Inquirer - 2016-03-05
recently exceeded P2 trillion in resources while the other big players--Metropolitan Bank and Trust Co., Bank of the Philippine Islands and Land Bank of the Philippines--now all have assets breaching P1 trillion. In terms of distribution network ...

Growth of international travel not affected by threat of terrorism
BusinessMirror. - 2016-03-05
He added that airports and airlines are trained to reach certain standards in ... Boncato said it is a major coup for the Philippines to be hosting Routes Asia this year because the country is a destination that can only be reached by a lot of markets ...

Another solar plant opened ahead of FIT deadline
Manila Bulletin - 2016-03-05
a company owned by PetroGreen Energy Corporation (PetroGreen) and EEI Power Corporation (EEIPC), just recently turned on the Tarlac Solar Power Project (TSPP). The 50-megawatts (MW) TSPP was already synchronized to the Luzon grid and already started ...

Rappler, Smart, Chikka launch Agos SMS service during disasters
Rappler - 2016-03-05
Agos is also in the process of integrating SMS in the platform for Globe Telecom subscribers. Reports will be sent to 2467 (AGOS). This service is for those in far-flung areas who do not have smartphones or access to the Internet. In 2015, only 30% of ...

Holcim earnings rise 58% in 2015
Philstar - 2016-03-05
MANILA, Philippines - Holcim Philippines reported a 58.4 percent jump in net income last year to P8.1 billion, boosted by one-time gains from the revaluation of its investment in an affiliate company. Eduardo Sahagun, president and CEO of Holcim ...

Osmeña Highway, Quirino Ave affected by Skyway construction
Rappler - 2016-03-05
Construction activities to be conducted by DMCI will be ongoing until Sunday, March 6. Bored piling works will be conducted along the following areas: Along Osmeña Highway, corner Senator Gil Puyat Avenue (Buendia), Makati City Along Osmeña Highway ...

Randall Letcavage and iCapital Merchant Banking Sponsor Benefit for Children International
MSN - 2016-03-05
including Valley Forge Capital Holdings, whose $6 billion portfolio Letcavage managed alongside legendary CalPERS manager Greta Marshall. Letcavage's values-based approach has led him to form one of the first female-majority boards in the financial ...

Services giants hope for oil rally after merger fizzles
MSN - 2016-03-04
Halliburton and Baker Hughes emphasized cost-cutting and downplayed higher crude prices Tuesday as they pivoted from their just-killed merger and argued they are well positioned for an eventual industry recovery. The two US oil services giants, addressing ...

How This Indie Movie Theater Is Betting Against Netflix
Inc. - 2016-03-04
The building is literally around the corner from Olch's other retail business, Alexander Olch New York ... you can visit a standalone shop called The Candy Store to pick up pre-packaged popcorn and a diverse selection of exotic candies stored in wooden ...

Stock market corrects; peso up
Manila Standard Today - 2016-03-04
Metro Pacific Investments Corp., which has investments in toll roads, water and electricity distribution and hospitals, declined 2.1 percent to P5.70, while Philippine Long Distance Telephone Co., the biggest telecommunications firm, lost 2.1 percent to P1 ...

Philippines: A calm oasis
BusinessMirror. - 2016-03-04
In a more perfect world, we would see stability and unity both in purpose and direction. But 2016 is far from perfect. The presidential campaign in the US is the most divisive and hostile in decades, with a degree of partisanship that may be difficult to ...

Southwoods grabs PAL Interclub lead
Manila Bulletin - 2016-03-04
Other supporters are Philippine Daily Inquirer,, Plantation Bay Resort and Spa, Tanduay Distillers, Asia Brewery, Splash Corporation, RFM Corporation, Goldilocks, Eastgate Publishing Corporation, Robinsons Land and Rolls-Royce.

Globe Business provides internet services in Shell Eco-Marathon Asia
Manila Bulletin - 2016-03-04
Globe Business, the enterprise information and communication technology (ICT) arm of Globe Telecom, provides internet connectivity at the 4-day event of Shell Eco-Marathon Asia, the annual street circuit challenge for the youth, at the Rizal Park in ...

Panagbenga float, street dance winners bared - 2016-03-04
It bested seven other small float competitors. Universal Robina Corporation took the first-runner up taking home P120, 000 and Philippine Seven Corporation is the second runner-up with P100, 000. Consolation prizes were given to the Jollitown float of ...

ABS-CBN, GMA Network claim lead in Feb ratings
Philstar - 2016-03-04
MANILA, Philippines - ABS-CBN Corp. maintained its television (TV) ratings lead nationwide in February, while rival GMA Network Inc. topped the ratings survey in Mega Manila and Urban Luzon. Based on data from Kantar Media, ABS-CBN said the Kapamilya ...