ALI, SSI sell retail JV assets to Metro Retail Stores
Manila Bulletin - 2016-03-02
SIAL Specialty Retailers, Inc. (SIAL), a 50-50 joint venture between SSI Group, Inc. (SSI) and Ayala Land, Inc. (ALI), is selling the assets of its Wellworth department stores to Metro Retail Stores Group, Inc. (MRSGI). In separate disclosures ...

SE Asia Stocks-Singapore, Philippine lead gains on upbeat regionals
Reuters - 2016-03-02
BANGKOK, March 2 Southeast Asian stock markets rose on Wednesday, with Singapore and the Philippines climbing 2 percent each, as global risk sentiment ... percent to a near two-month high. Metro Pacific Investments Corp hit the highest since June 2013 ...

ALI, SSI sell retail JV assets to Metro Retail Stores
Manila Bulletin - 2016-03-02
SIAL Specialty Retailers, Inc. (SIAL), a 50-50 joint venture between SSI Group, Inc. (SSI) and Ayala Land, Inc. (ALI), is selling the assets of its Wellworth department stores to Metro Retail Stores Group, Inc. (MRSGI). In separate disclosures, the three ...

Amdocs and Globe Telecom Win Best Payment Solution Deployment in Asia Award at Mobile Money & Digital Payments Global 2015
NASDAQ - 2016-03-02
Award Recognizes Globe Telecom's GCash MasterCard Service Powered by Amdocs MFS Solution for Innovating Mobile Wallet Services to Overcome Mobile Financial Transaction Barriers ST. LOUIS, March 02, 2016 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), the leading ...

New UP campus in BGC to open this 2016
Rappler - 2016-03-02
The 9-level building located in the financial district was turned over to UP on Tuesday, March 1, by donor SM Investments Corporation (SMIC). UP Vice President for Public Affairs Prospero de Vera told Rappler that UP BGC's College of Law will offer two ...

Mla-Bicol railway system attracts 5 firms
MSN - 2016-03-01
"The complete list of those who have bought NSRP documents are Ayala Corp., Metro Pacific Investments Corp., San Miguel Corp., IL&FS, and Fluor Daniels," PPP Center executive director Cosette Canilao said in a text message yesterday. The project ...

Waltermart, 8990 cancel joint venture
MSN - 2016-03-01
8990 Holdings president and CEO Januario Jesus Atencio said Tuesday night Waltermart had rescinded their joint venture agreement, which was forged last April. Atencio said 8990 is open to forging partnerships with other companies to further improve its ...

Waltermart, 8990 cancel joint venture
MSN - 2016-03-01
SMC Global to operate first unit of 150-MW Malita plant by July

Waltermart backs out of deal with 8990
MSN - 2016-03-01
MASS HOUSING developer 8990 Holdings, Inc. is mulling its options after the Waltermart Group scrapped a deal to operate malls within the former's integrated mixed-use projects in Metro Manila. 8990 Holdings President Januario Jesus Gregorio B. Atencio told ...

Cebu Air says passenger volume up 9% in 2015
MSN - 2016-03-01
CEBU AIR, Inc. met its target for 2015 passenger volume after full-year figures grew by almost a tenth, propelled by its long-haul flights and increased frequencies. "Cebu Pacific flew 18.4 million passengers in 2015, an increase of 9% from 16.9 million ...

ALI, SSI sell Wellworth stores to Gaisano
MSN - 2016-03-01
DITC drafting EO to cut LGU red tape hindering telcos' infra works

UnionBank eyes steady growth in loan portfolio
MSN - 2016-03-01
ABOITIZ-LED Union Bank of the Philippines (UnionBank) is seeking to sustain the growth in its loan portfolio this year, expecting expansion in both consumer and corporate segments, its top executive said. Edwin R. Bautista, UnionBank president and chief ...

Your neighborhood can make you fat
Inquirer Lifestyle - 2016-03-01
The chain says there is only one Daiso Japan. Daiso Industries Co. has authorized Robinsons Retail Holdings Inc. (RRHI) as its exclusive retailer in the country. In a final ruling, the Supreme Court gave RRHI exclusive rights to the Daiso trademark in the ...

Marbel cyclists live Ronda dream, get new bike gear
Inquirerer Sports - 2016-03-01
The neighbors from poor families in Marbel, South Cotabato, raced in the recent Mindanao leg of the five-stage bikathon and received brand-new gear worth around P400,000 from Tour backers LBC Express, MVP Sports Foundation and LBC Foundation.

Binay, Roxas are mining advocates, environmentalists say
Philstar - 2016-03-01
Roxas reportedly declared in his 2012 Statement of Assets, Liabilities and Net worth P120 million worth of shares in Lepanto Consolidated Mining ... former chairman of Benguet Mining Corp., and Richard Gordon, a director in Atlas Mining.

Panasonic's recognition of same-sex partnerships is a rare, isolated move
The China Post - 2016-03-01
Much of Asia remains far behind the West in such attitudes. Panasonic's move is rare, although bold, and seems unlikely to herald a sea change. In mainland China, South Korea, the Philippines and much of the rest of Asia, "coming out of the closet" still ...

Aquino thank PSG on its 30th anniversary
news.pia.gov.ph - 2016-03-01
MANILA, 2 March (PIA)--President Benigno Aquino III on Tuesday expressed gratitude to the Presidential Security Group (PSG) for securing him and ... The awardees are as follows: 1. Col. William A. Alunday (GSC) PA - Presidential Legion of Honor Awards ...

BIR's Large Taxpayers Service in P1.2 trillion collection mode, to harness power of possibilities
news.pia.gov.ph - 2016-03-01
Juan Alejandro Aboitiz, Assistant Vice President and Head of Corporate Finance of Aboitiz Group, in his response pledged to unleash the power of possibilities saying ... with support from the Millennium Challenge Corporation (MCC) and the Millennium ...

Metro Pacific books record P10.3-b profit
thestandard.com.ph - 2016-03-01
Including other Philippine companies under the First Pacific Group, like Philippine Long Distance Telephone Co., Philex Mining Co. and Roxas Holdings Inc., total capital spending is set at P120 billion. "While it may be rather early to provide earnings ...

Shangri-La at The Fort opens its doors
BusinessMirror - 2016-03-01
The constant stream of hotel guests since 4 a.m. on Tuesday indicates the "high anticipation and excitement" for the new Shangri-La at The Fort in Bonifacio Global ... Compared with other Shang properties in the country, Tan, for her part, added ...

ALI firms up P8-B bond issue
Manila Bulletin - 2016-03-01
Property giant Ayala Land, Inc. is seeking regulatory approval for its planned P8.0-billion bond issuance and has secured the highest Issue Credit Rating of PRS Aaa, with a Stable Outlook, from Philippine Rating Services Corporation (PhilRatings).

Southwoods faces rough sailing in PAL Interclub
Manila Bulletin - 2016-03-01
Other supporters are Philippine Daily Inquirer, Inquirer.net, Plantation Bay Resort and Spa, Tanduay Distillers, Asia Brewery, Splash Corporation, RFM Corporation, Goldilocks, Eastgate Publishing Corporation, Robinsons Land, TMC, Mastercard, Hytera and ...

UnionBank going full digital
Manila Bulletin - 2016-03-01
For instance, if the Aboitiz conglomerate, which owns UnionBank, expands in other ASEAN countries they just have to follow where they go. UnionBank, which employs a lean 2,700, has been the industry leader in digitizing its operations and processes.

Globe Telecom Lone PH Telco Recognized at GSMA Mobile Connect Reception in Barcelona, Spain
prnewswire.com - 2016-03-01
BARCELONA, Spain, March 1, 2016 /PRNewswire/ -- Globe Telecom was the only Philippine telco to have been recognized by the GSMA during the Mobile Connect Reception Founders Accolade and Networking held at the Mobile World Congress in Barcelona, Spain as ...

Roubini to grace Manila investment forum in New York
BusinessMirror. - 2016-03-01
Purisima, Philippine Competition Commission Chair Arsenio M. Balisacan, and Century Properties Chairman and CEO Jose E.B. Antonio. The 57-year-old, Turkish-born American economist, who is chairman and cofounder of global macroeconomic research firm Roubini ...

MPIC ends 2015 with higher profits despite regulatory uncertainties
Rappler - 2016-03-01
Including other Philippine companies under First Pacific, like Philippine Long Distance Telephone Company, Philex Mining Corporation, and Roxas Holdings Incorporated, total capital spending is set at P120 billion ($2.53 billion). "Whilst it may be rather ...

How to be a game-changing business in the digital age
Inquirer - 2016-03-01
As part of its commitment to help build a digital nation, Globe Telecom, through its SME arm Globe myBusiness, brought the third installment of its SME caravan to Batangas City recently, much to the delight of over 300 SMEs in the province. A one-stop shop ...

Green groups urge 'zero votes' vs pro-mining bets
interaksyon.com - 2016-03-01
Manila Mining Corporation, Philex Mining Corporation, Marinduque Mining and Industrial Corporation, Mindanao Mother Lake Mines, Samar Mining Company, and Western Minolco Corporation. Binay, on the other hand, "received campaign funds from mining ...

Telangana eyes 2,000 MW wind energy addition in 3 years
Daily News and Analysis - 2016-03-01
according to Telangana New and Renewable Energy Development Corporation Limited. The draft Telangana Wind Power Policy 2016 put out by TNREDCL inviting suggestions and comments said the limit as per the land ceiling act would not be applicable for any land ...

PLDT Tumbles as Phone Carrier Posts First Loss in 12 Years
Ambiente Já - 2016-03-01
(PLDT) ended 2015 with a core net income of P35.2 billion in line with its guidance for the year. The company also forecast that profit, excluding one-time items, will fall 20 percent to 28 billion pesos this year. "We really have to reset the dials of the ...

Philippines' PLDT reports net loss in Q4
la-kabylie.com - 2016-03-01
For the full year, it drew 171.1B pesos in revenues and netted 26.6B pesos in income. The company also forecast that profit, excluding one-time items, will fall 20 percent to 28 billion pesos this year. "The next two to three years will be challenging for ...

Feature: Siquijor Great Weekend Getaway, a success
news.pia.gov.ph - 2016-03-01
These items were donations made through the Philippine Inter-Island Sailing Foundation Inc ... Standard Insurance, Oceanjet, Landbank, Metrobank, Nathandrei, Jaylan Shipping and DCCO for the prizes. (rmn/rac/PIA7-Siquijor w/ reports from Nimfa Virtucio ...

Davao Doctors parent firm posts P1.3-b earnings in 2015
Davao Today - 2016-03-01
It has controlling stakes in Philippine Long Distance and Telephone Company, Manila Electric Company, Maynilad Water Services, Metro Pacific Tollways Corporation, among others. However, the subsidiary only contributed P474 million in the same year ...

Green groups urge 'zero vote' vs pro-mining bets
Rappler - 2016-03-01
Erice used to be the chairman and president of SRMI. The environmental groups are also campaigning against Romualdez, who served as chairman of Benguet Corporation, the oldest mining corporation in the country. His brother, Benjamin Philip Romualdez ...

LOOK: This pop-up studio unit gives a taste of the lifestyle you deserve
Philstar - 2016-03-01
Rockwell Primaries is the newest subsidiary of Rockwell Land. It aims to provide quality living that is more accessible to the broader market with its three properties: 53 Benitez, The Vantage at Kapitolyo, and East Bay Residences. The Vantage at Kapitolyo ...

BSP approves Security Bank-BTMU deal
Philstar - 2016-03-01
Bank of the Philippine Islands, and Philippine National Bank. "With the additional capital, it will help us accelerate our strategy over the next three to five years of building our retail banking business as a third business pillar alongside wholesale ...

Pump prices adjusted; gas up, diesel down
thestandard.com.ph - 2016-03-01
Among the oil firms who issued their respective advisories are Pilipinas Shell Petroleum Corp., Petron Corp., Seaoil Philippines, PTT Philippines, Unioil Philippines, among others. Last week, the oil firms raised the price of diesel and gasoline by P1.30 ...

10 NPA rebels surrender anew to AFP in SurSur
news.pia.gov.ph - 2016-03-01
Col. Purisima assured that every former rebels (FRs) would be entitled to cash aid--a total of P70,000 each--P50,000 for livelihood assistance, P15,000 for immediate assistance, apart from the additional P5,000 financial ... of armed group in their ...

European Union: Preparing for changes in EU trademark law
Lexology - 2016-02-29
Stichting BDO v BDO Unibank, Inc [2013] EWHC 418 (Ch) and Roger Maier v ASOS plc [2015] EWCA Civ 220). However, as a result of the forthcoming reforms, the own-name defence will be limited to the name or address of a third party "where that third party ...

Pre-election months may see rush of fund raising
MSN - 2016-02-29
Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group, Inc. and Italpinas Development Corp. entered the stock market via IPO in 2015. PSE President Hans B. Sicat said last month that he expects eight to 10 companies to join the ...

BDO posts record P25-b profit
thestandard.com.ph - 2016-02-29
BDO Unibank Inc., the biggest bank controlled by tycoon Henry Sy, said net income in 2015 increased 10 percent to a record P25 billion from P22.8 billion a year ago on the strength of its core businesses. The bank said in a disclosure to the stock exchange ...

SM Investments nets P28.4b, merges retail units
thestandard.com.ph - 2016-02-29
... of the enlarged SM Retail Inc. SM Retail is one of the leading retail companies in the Philippines along with Robinsons Retail Holdings Inc. of the Gokongwei group and Puregold Price Club Inc of businessman Lucio Co. Euromonitor International, a ...

Aboitiz unit, 2 banks sign P12.5-b loan deal
thestandard.com.ph - 2016-02-29
AP Renewables Inc., a unit of Aboitiz Power Corp., signed a P12.5-billion loan agreement with Asian Development Bank, Bank of the Philippine Islands and Credit Guarantee & Investment Facility, a trust fund of the ADB. "The proceeds of this undertaking ...

BDO posts record profit
Inquirer - 2016-02-29
BDO UNIBANK Inc. posted record-high profit of P25 billion in 2015, beating the earnings posted by all other local banks during the year. The banking giant also achieved another milestone by ending last year with assets breaching the P2-trillion mark ...

DOE eyes power from Visayas grid for Bantayan
Philstar - 2016-02-29
Sometime in 2012, Davide recalls, the previous administration granted Banelco and Bipcor a P15 million loan for the payment of their unpaid fuel bills to Petron Corp. to prevent power outages, which would directly affect the tourism, marine, hog and egg ...

Southwoods seeks PAL Interclub repeat
Inquirerer Sports - 2016-02-29
Other supporters are Inquirer, Inquirer.net, Plantation Bay Resort and Spa, Tanduay Distillers, Asia Brewery, Splash Corporation, RFM Corporation, Goldilocks, Eastgate Publishing Corporation, Robinsons Land and Rolls-Royce.

SM earns P28.4 billion, consolidates retail business
Manila Bulletin - 2016-02-29
China Banking Corporation (China Bank) reported net interest grew 7 percent to P15.1 billion, with net income higher by 10 percent to P5.6 billion on the back of sustained growth in core business operations. SM Prime Holdings, Inc. said its recurring net ...

SM Group to merge all retail business under one roof
BusinessMirror. - 2016-02-29
SM Prime Holdings Inc., its property holding firm, saw its recurring net income growing at 14 percent last year to P20.9 billion. Consolidated net income increased 54 percent to P28.3 billion, which included a P7.4-billion trading gain on marketable ...

ADB backs first 'climate bond' issuance in Asia-Pacific
Rappler - 2016-02-29
Tiwi-MakBan plants APRI acquired the Tiwi-MakBan geothermal plants from the Power Sector Assets and Liabilities Management Corporation (PSALM) in 2009. Since then, it has invested in the rehabilitation of the facilities in order to improve performance and ...

City of Dreams boosts business continuity, disaster recovery ops
Inquirer - 2016-02-29
an integrated gaming and entertainment resort destination operated and managed by Melco Crown Philippines (MCP) Resorts Corporation, recently obtained data center colocation and internet services from Globe Business, the information and communications ...