No winner in US lottery draw, jackpot rises to $1.3 billion
Manila Bulletin - 2016-01-10
New York, United States - The jackpot for the US Powerball lottery rose to a whopping $1.3 billion (1.19 billion euros) early Sunday after organizers said there was no winner in the weekend draw. The Powerball prize rocketed to $950 million on Saturday ...

A collaboration of fashion and art
thestandard.com.ph - 2016-01-09
Other sponsors of the event are Bettina Araneta Aboitiz, New San Jose Builders, Inc., Frabelle Corporation, Philippine Estates Corporation, GoPro, Mac Cosmetics, Creations by Lourd Ramos, Grey Goose, Janylin, and Albert Kurniawan.

A collaboration of fashion and art
Manila Standard Today - 2016-01-09
Other sponsors of the event are Bettina Araneta Aboitiz, New San Jose Builders, Inc., Frabelle Corporation, Philippine Estates Corporation, GoPro, Mac Cosmetics, Creations by Lourd Ramos, Grey Goose, Janylin, and Albert Kurniawan.

Remittances unlikely to be affected by Saudi-Iran rift, but OFWs advised to save
MSN - 2016-01-08
Remittances from Filipino workers in Saudi Arabia and Iran will be unaffected by the growing tensions between the two countries, a pro-migrant advocate said Friday. Kabalikat ng Migranteng Pilipino (KAMPI) president Luther Calderon said economists have ...

New betting machines at MMTC
Manila Bulletin - 2016-01-08
Races held last Tuesday and Wednesday posted anemic sales due to the non-operation of countless off-track betting stations that have been used by Metroturf and PRCI in partnership with service provider Global Versatech to give way to the change.

New betting machines at MMTC
Manila Bulletin - 2016-01-08
Races held last Tuesday and Wednesday posted anemic sales due to the non-operation of countless off-track betting stations that have been used by Metroturf and PRCI in partnership with service provider Global Versatech to give way to the change.

COCKTALES | 'Business as usual' as only P10M, not P1.8B bank accounts garnished so far - LBC
interaksyon.com - 2016-01-08
LBC Express Holdings told the Philippine Stock Exchange Thursday that it was conducting "business as usual" as only less than P10 million and not P1.8 billion in bank accounts had been garnished by the Philippine Deposit Insurance Corp. LBC Express ...

NGCP appeals for public support in securing transmission facilities
news.pia.gov.ph - 2016-01-08
Although there were no recorded threats or bombing incidents affecting NGCP transmission lines in North Luzon, Gaydowen said that they are still on heightened alert following the bombing of one of the towers of the Lepanto Consolidated Mining Corporation ...

When vision and execution pay off
thestandard.com.ph - 2016-01-08
Lopez Holdings Corp. (formerly Benpres) of the Lopez family that owns stakes in ABS-CBN, Rockwell, construction and renewable energy showed an average increase in sales per year of 46 percent. Alliance Global Group Inc., the real estate, liquor ...

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

BOI-approved investments create new jobs
news.pia.gov.ph - 2016-01-07
... Violago Water & Power Ltd. Co. (P69.13 billion), San Buenaventura Power Ltd. Co. (P49.45 billion), and Semirara Mining and Power Corporation (P29.50 billion). Overall, energy related investment projects aggregated a total of P246.42 billion (from 55 ...

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

LBC takes steps to ensure payments amid garnishments
Manila Bulletin - 2016-01-07
LBC Express Holdings, Inc. disclosed that subsidiary courier and remittance firm LBC Express, Inc. needs to take measures and find alternative channels of payments to its suppliers, lessors and other counterparties after a local court started to garnish ...

Share offering awaiting SEC approval now totals P42.9B
Manila Bulletin - 2016-01-07
Last year, Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group, Inc. and Italpinas Development Corp. entered the stock market via maiden share sale. This was below the target earlier made by the Philippine Stock Exchange (PSE ...

Share offering awaiting SEC approval now totals P42.9B
Manila Bulletin - 2016-01-07
Last year, Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group, Inc. and Italpinas Development Corp. entered the stock market via maiden share sale. This was below the target earlier made by the Philippine Stock Exchange (PSE ...

Investments okayed by BoI up 3% to P366.74B in 2015
The Daily Tribune - 2016-01-07
... Violago Water & Power Ltd. Co. (P69.13 billion); San Buenaventura Power Ltd. Co. (P49.45 billion); and Semirara Mining and Power Corporation (P29.50 billion). Overall, energy related investment projects aggregated a total of P246.42 billion (from 55 ...

Garnishment of LBC assets starts
Inquirer - 2016-01-07
COURIER and remittance group LBC Express is bracing for administrative and operational challenges as the garnishment of its bank accounts started in line with a P1.8-billion collection claim filed by the state-controlled Philippine Deposit Insurance Corp ...

MJC group opens 20-story deluxe hotel in Manila
Inquirer - 2016-01-07
Cruz. Winford Hotel seeks to serve the need for quality hotels near Binondo and the cultural center of Manila. MJC Investments Corp. (MIC) held the ceremonial opening of Winford Hotel with a lion dance, a lion-eye dotting (awakening of the dragon ...

Manila Jockey Club affiliate opens new gaming venue in the Philippines
CalvinAyre.com - 2016-01-07
An affiliate of the Manila Jockey Club has opened a new gaming venue in the Philippine capital, Manila. In a filing to the Philippine Stock Exchange, the Manila Jockey Club said a new gaming and entertainment zone opened on the ground floor of the Winford ...

Manila Jockey Club associate marks gaming venue launch
ggrasia.com - 2016-01-07
An associate company to Manila Jockey Club Inc - a provider of licensed horse racing - held on Wednesday an opening for a new gaming venue in the Philippine capital Manila. The Manila Jockey Club said so in a filing to the Philippine Stock Exchange.

The coolest airplane seat ever
CNN Money - 2016-01-06
Panasonic's new airplane seat, shown at CES 2016, could be the answer for frequent fliers' demand for better in-flight entertainment. Pretty much everything about flying stinks, including those dinky little screens that airlines glue to the back of the ...

Betting terminal pullout disrupts MetroTurf races
MSN - 2016-01-06
For unknown reasons, the PRCI management stopped the use of a good number of betting terminals last Jan. 5, causing a very big drop in sales. The facilites were jointly used by MMTC (MetroTurf) and PRCI for several months through their common service ...

MJC Investments opens P3.7-b entertainment hub
Manila Standard Today - 2016-01-06
MJC Investments Corp., the property unit of racetrack operator Manila Jockey Club Inc., on Wednesday opened its P3.7-billion hotel and entertainment complex within the San Lazaro Tourism and Business Park in Sta. Cruz, Manila. MJC Investments said in a ...

MJC Investments opens P3.7-b entertainment hub
thestandard.com.ph - 2016-01-06
MJC Investments Corp., the property unit of racetrack operator Manila Jockey Club Inc., on Wednesday opened its P3.7-billion hotel and entertainment complex within the San Lazaro Tourism and Business Park in Sta. Cruz, Manila. MJC Investments said in a ...

LBC Express to remain open despite P1.8-billion lawsuit
BusinessMirror - 2016-01-06
PUBLICLY listed courier LBC Express Holdings Inc., a company led by the Araneta family, said it is hoping for the immediate resolution of its P1.8-billion lawsuit from Philippine Deposit Insurance Corp. (PDIC) but assured it remains business as usual ...

Read-Along crowns new festival king
Inquirer Lifestyle - 2016-01-06
Also at the festival were Read-Along ambassadors Cathy Untalan-Vital, Nash Aguas, Alexa Ilacad and Bianca Umali; 2015 Miss Philippines-Earth Angelia Ong; GMA 7 actor Miggy Jimenez; actress Ella Guevara; 2015 Metrobank Foundation Outstanding Teacher Amcy ...

LBC Express to remain open despite P1.8-billion lawsuit
BusinessMirror. - 2016-01-06
PUBLICLY listed courier LBC Express Holdings Inc., a company led by the Araneta family, said it is hoping for the immediate resolution of its P1.8-billion lawsuit from Philippine Deposit Insurance Corp. (PDIC) but assured it remains business as usual ...

PSBank sets aside funds for NGOs serving under-privileged kids
BusinessMirror. - 2016-01-06
The Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, is committed to helping change the lives of underprivileged children and turned over a charitable amount to its chosen partner non-governmental organizations. The bank ...

Suntech completes solar farm in Valenzuela
BusinessMirror. - 2016-01-06
Suntech President Victor Xiong said the solar farm, the largest urban photovoltaic (PV) installation in the Philippines, will provide a reliable ... It will showcase its products such as the HyPro with PERC technology, whose average cell efficiency in ...

Suntech completes solar farm in Valenzuela
BusinessMirror. - 2016-01-06
Suntech President Victor Xiong said the solar farm, the largest urban photovoltaic (PV) installation in the Philippines, will provide a reliable ... It will showcase its products such as the HyPro with PERC technology, whose average cell efficiency in ...

Suntech completes solar farm in Valenzuela
BusinessMirror - 2016-01-06
Suntech President Victor Xiong said the solar farm, the largest urban photovoltaic (PV) installation in the Philippines, will provide a reliable ... It will showcase its products such as the HyPro with PERC technology, whose average cell efficiency in ...

Blackouts Threaten Philippines' Mindanao After Tower Attacked
Bloomberg - 2016-01-06
The Philippines is facing possible power outages on its ... year through 2019 as companies including San Miguel Corp., Aboitiz Power Corp. and Alsons Consolidated Resources Inc. build plants.

DoubleDragon to issue P10 B preferred shares
Philstar - 2016-01-06
MANILA, Philippines - DoubleDragon Properties Corp., a joint venture between Mang Inasal founder Edgar "Injap" Sia II and Jollibee Foods Corp. owner Tony Tan Caktiong, plans to raise P10 billion through the issuance of preferred shares possibly in March.

CES 2016 highlights: Make your TV disappear
CNN Money - 2016-01-06
Blend your TV into your decor Now you see it, now you don't. Transparent TV technology has been around for a few years, but Panasonic's prototype caught our attention this year because of the way it can fit into your decor. The wood frame around the TV ...

DOLE 10 elects family welfare committee in Lanao Norte
news.pia.gov.ph - 2016-01-06
Board of Directors for Labor: Jimmy Dandasan (Mabuhay Vinyl Corporation); Virgilio Lomonsod (Newtech Pulp); Deoro Quito Macalam (Lafarge Iligan, Inc.); Jay Lenan (Mabuhay Vinyl Corporation); Rey Padayhag (Dr. Uy Hospital); Sarah Aranaydo (Mercy Community ...

Farmers, R&D and academic sectors oppose SC ruling on Bt eggplant ban
MSN - 2016-01-05
LOS BAÑOS, Laguna - Which is better for keeping out pests: chemical sprays or genetic modification? The agriculture, research, and academic sectors have closed ranks to oppose a Supreme Court (SC) ruling stopping the field-testing of eggplant ...

THE DUTERTE CABINET | Many are in their 60s, 70s, Digong pals and classmates, ex-gov't execs
MSN - 2016-01-05
Served as director of Easycall Communications Philippines Inc., whose chief executive officer is Jose Roberto Delgado 10. MARK AGUILAR VILLAR â Depatment of Public Works and Highways secretary, 38 -Son of former Senate president and real estate ...

Delay seen in sale of MicroAsia stake in catering unit
MSN - 2016-01-05
The completion of the sale of the 13 percent stake of listed MacroAsia Corp. in its in-flight catering subsidiary to its Singaporean partner has been deferred to March. Lawyer Marivic Moya, compliance officer of MacroAsia, informed the Philippine Stock ...

Basic Energy to start geothermal drilling in Batangas
thestandard.com.ph - 2016-01-05
Basic Energy and partner Trans-Asia Oil and Energy Development Corp. signed a joint operating agreement for the Mabini geothermal power project in November. The move followed the approval by the Energy Department of the deed of assignment for the Mabini ...

DoubleDragon eyes P4.8-billion profit in 2020
BusinessMirror. - 2016-01-05
DoubleDragon Properties Corp. (DoubleDragon) is targeting to build 1 million square meters (sq m ) of leasable space through the roll-out of commercial projects that would bring in P4.8 billion in net profit by 2020. Consistent with its vision to be one of ...

Dispo, Banatao join Cirtek Group
Philstar - 2016-01-05
MANILA, Philippines - Cirtek Holdings Philippines Corp. announced yesterday the appointment of former First Metro Investments Corp. president Juanchito Dispo as group vice chairman and president. Aside from Dispo, Cirtek appointed renowned Silicon Valley ...

Cirtek group announces two new key appointments
BusinessMirror. - 2016-01-05
PUBLICLY listed Cirtek Holdings Philippines Corp. (Cirtek Group) announced the appointment of Diosdado Banatao as adviser to the board of Cirtek Group and Roberto Juanchito Dispo as group vice chairman and president of the Cirtek Group effective January 4.

Farmers, fisherfolk: Portraits of resilience after Yolanda
Rappler - 2016-01-05
TACLOBAN, Philippines - The road to recovery was not easy for farmers and fisherfolk who lost almost everything they had when Super Typhoon Yolanda (Haiyan) struck on November 8, 2013. Many of them were already hard-pressed to make ends meet even before ...

Conclusion of MacroAsia-SATS deal seen early this year
Balita - 2016-01-05
MANILA, Jan. 4 (PNA) -- Listed aviation services provider MacroAsia Corp. (MAC) expects to complete the deal on sale of its 13-percent stake in subsidiary to joint venture partner SATS, Ltd. by the first quarter of 2016. "As the parties are still in the ...

Discovery World to open 166-key resort in El Nido
Manila Bulletin - 2016-01-05
Listed resort firm Discovery World Corporation (DWC) has invested P192 million to acquire 98.87 percent of sister company Cay Islands Corporation as part of plans to develop a new resort in El Nido, Palawan. In a disclosure to the Philippine Stock Exchange ...

The winning investments of 2015
Rappler - 2016-01-05
MANILA, Philippines - The year 2015 saw mixed reactions in investments. Generally, the first trimester saw optimism for the year, with the stock market seeing historic highs to as much as 8,100 levels, and the bond market also following suit. But this ...

Genivi Factao
BusinessMirror. - 2016-01-04
RISING interest rates in the US will make it difficult for emerging-market (EM) countries to attract capital to their shores and subject their currencies to increasing pressure, according to Swiss financial services giant UBS. UBS AG, in its UBS House ...

Filinvest sets P44-billion capex
MSN - 2016-01-04
FILINVEST Development Corp. (FDC) is hiking its capital expenditure (capex) budget by nearly half this year, mainly to support the expansion of its real estate and power generation businesses. FDC Investor Relations Officer Ana Regina A. Santillan told ...