Dulay to grace Baguio Charter Day
Sun Star - 2018-08-12
The BIR chief is a Philosophy and English graduate of Saint Louis University on 1966 and will venture into his first government position in his lifetime after he worked in the private sector. The chief executive said Dulay was previously invited but could ...

Gets more work done with Samsung Galaxy Tab S4
Manila Standard Today - 2018-08-11
SAMSUNG Electronics Co., Ltd. Recently announced the Samsung Galaxy Tab S4, a new 2-in-1 Android tablet designed for people who want to do more on the go--from home to the office and everywhere in between. The Samsung Galaxy Tab S4 delivers an experience ...

Access to hotel perks and privileges
Manila Standard Today - 2018-08-11
Property developer Megaworld Corp. launched last week the Club Access Card, an exclusive privilege membership card packed with perks and discounts that can be used at six existing and 10 soon-to-open Megaworld homegrown hotel brands across the country.

PPA sets sights on infra build-up as it marks its 44th Founding Anniversary
BusinessMirror - 2018-08-11
Manila South Harbor, managed and operated by Asian Terminals, Inc., registered the biggest number of cruise ships docked at the ports with four, namely, SuperStar Virgo of Star Cruises, Costa Atlantica of Costa Cruises, Amsterdam of Holland America Lines ...

Willie Revillame considers GMA his second home
thestandard.com.ph - 2018-08-11
WBR Entertainment Productions Inc. Chairman and CEO Willie Revillame renewed his co-production contract with GMA Network, Inc. for the airing of his top-rating variety program Wowowin. TV host Willie Revillame On Aug. 8, the television host met with GMA ...

Stocks slip; San Miguel, PLDT up
thestandard.com.ph - 2018-08-11
Conglomerate Ayala Corp., which is into banking, property, telecommunications, water distribution, power generation, electronics and transportation dropped 2.5 percent to P985, while Casino operator Bloomberry Resorts Corp. lost 1.1 percent to P10.50.

Property seekers, sellers confab in Cebu
thestandard.com.ph - 2018-08-11
The Lamudi Housing Fair will kick off in Cebu City on September 8 and 9, 2018 at the Ayala Center in Cebu City ... Softouch Property Development Corp., Avida Land, Contempo Property Holdings, King Properties, and Priland Development Corporation, among ...

What we know so far: Duterte's 'no new casinos' directive
philstar.com - 2018-08-11
Galaxy's local partner, Leisure and Resorts World Corp., earlier said its subsidiary acquired 23 hectares of land in Barangay Manoc-Manoc, Boracay Island--where the $500 million casino project will be constructed. Philippine Amusement and Gaming Corp ...

Globe Telecom signs 3-year deal with SAP
Manila Standard Today - 2018-08-10
Globe Telecom Inc. on Friday signed a three-year deal with SAP, a Germany-based multinational software corporation, for business suite platform and service solutions aimed at digitalizing its finance processes, enabling real-time decision making and ...

PSALM sets P886-million minimum bid for Manila thermal plant
philstar.com - 2018-08-10
MANILA, Philippines -- State-run Power Sector Assets and Liabilities Management Corp. (PSALM) is inviting more bidders to participate in the privatization of the Manila thermal power plant property this month after it set the base price for the land.

Pagadian gears up to attract locators, increase investments
BusinessMirror - 2018-08-10
Commercial banks Land Bank of the Philippines and Security Bank, likewise, presented during the road show their financing windows for micro, small and medium Enterprises (MSMEs). The forum concluded with a one-on-one consultation with the investors on ag ...

Goldman Says Sell Intel On Next Gen Chip Delays
Investopedia - 2018-08-10
Joining a growing number of analysts bearish on Intel Corp. (INTC), Goldman Sachs lowered its rating ... Intel has been struggling with ongoing delays in the production of its next generation 10-nanometer chip. Last month, the company said it would not ...

Bourse wobbles in wake of economic data, hawkish policy action
BusinessWorld - 2018-08-10
Those that lost included Ayala Corp. which dropped 2.48% to P985 apiece; Security Bank Corp. that gave up 1.28% at P200 and Bloomberry Resorts Corp. that fell by 1.13% to finish 10.50 each. Those that gained included San Miguel Corp. which increased by 3.4 ...

Profits up for property firms Filinvest and Century
BusinessWorld - 2018-08-10
FILINVEST Land, Inc. (FLI) and Century Properties Group, Inc. (CPG) both reported higher profits for the first six months of 2018, buoyed by the strength of their respective property businesses. In a statement issued Friday, FLI said net income accelerated ...

Alliance Global profit up 17% in 1 st half
BusinessWorld - 2018-08-10
ALLIANCE Global Group, Inc. grew its attributable profit by 17% in the first half of 2018, driven by the double-digit growth across its property, liquor, and fastfood businesses, alongside the recovery in its gaming unit. In a statement issued Friday, the ...

Composition of PSE index remains unchanged
BusinessWorld - 2018-08-10
THERE will be no changes in the 30 companies comprising the Philippine Stock Exchange index (PSEi), the bourse operator said on Thursday. In a statement, the Philippine Stock Exchange, Inc. (PSE) said the result was derived from its review covering the ...

RCBC net income slips in first semester
BusinessWorld - 2018-08-10
RIZAL Commercial Banking Corp. (RCBC) posted a P2.2-billion net income as of end-June, fuelled by steady growth in its core businesses but dampened by lower trading gains. Net profit of the Yuchengco-led lender slipped by 6.4% from the P2.35 billion net ...

UnionBank to conduct P10-billion SRO next month
BusinessWorld - 2018-08-10
UNIONBANK of the Philippines will proceed with its planned stock rights offer next month, as it works to raise fresh capital to support expansion. In a disclosure on Friday, the bank said it will offer up to 200 million common shares via a stock rights ...

RCBC posts lower net profit in first half
BusinessWorld - 2018-08-10
The Rizal Commercial Banking Corp. (RCBC) posted a P2.2-billion net income as of end-June, fueled by steady growth in its core businesses but dampened by lower trading gains. Net profit of the Yuchengco-led lender slipped by 6.4% from the P2.35 billion it ...

Group urged government to respect IP rights
Sun Star - 2018-08-10
Clara Corporation, Pan Pacific, Strategic Power (a subsidiary of San Miguel Corporation), Hedcore, and SN Aboitiz covering hundreds of hectares of ancestral lands. It also includes the construction of the 52 MW Karayan dams along the Chico River being ...

UnionBank readies stock rights offering
BusinessWorld - 2018-08-10
Union Bank of the Philippines (UnionBank) will proceed with its planned stock rights offer next month, as the lender works to raise fresh capital to support expansion. In a disclosure on Friday, Aug. 10, the bank said they will offer up to 200 million ...

SWS: Most Filipinos against transfer of main airport
philstar.com - 2018-08-10
SWS yesterday confirmed results of the March 25 to 28 survey following the authorized release made by sponsor Aboitiz Equity Ventures Inc. over the weekend. Aboitiz is part of the seven-member consortium that proposed the rehabilitation of NAIA ...

ARMM welcomes Global Filipino School Program
Philippine Information Agency - 2018-08-10
COTABATO CITY, August 10 (PIA) - The education department of the Autonomous Region in Muslim Mindanao (ARMM ... select public schools into centers of excellence in Information and Communications Technology (ICT) and innovative teaching methods.

PLDT poised to sell majority stake in Voyager to foreign investors
newsbytes.ph - 2018-08-10
PLDT chairman and CEO Manuel V. Pangilinan said the company has signed a non-binding term sheet for the selling of its majority stake in Voyager Innovations this week, after foreign investors expressed interest in acquiring controlling stake in the digital ...

Senators question 'core functions' of PLDT, NutriAsia amid labor dispute
Rappler - 2018-08-09
Meanwhile, PLDT Senior Vice President Butch Jimenez said that installation and repair of their services is core to the telco's business, arguing that customer services need not be regularized under PLDT. "In terms of what we outsource, we do understand ...

DOLE stands by cease and desist order vs PLDT contractors
Rappler - 2018-08-09
MANILA, Philippines - The Department of Labor and Employment (DOLE) on Thursday, August 9, stood pat on its cease and desist order against customer service contractors of PLDT Incorporated, even if it would affect the services of the telecommunications ...

Sandiganbayan settles row: Gov't owns coco levy fund, assets
Rappler - 2018-08-09
MANILA, Philippines - The anti-graft court Sandiganbayan has settled the ownership row of at least P75 billion in coco levy fund and assets, and ruled to execute the Supreme Court (SC) ruling that the funds are owned by the state to be used for the ...

PSE retains composition of main index
BusinessMirror - 2018-08-09
The Services index will have Philippine Seven Corp. and Wilcon Depot Inc. as its new members, but Boulevard Holdings Inc., Golden Bria Holdings Inc. and IPM Holdings Inc. will be removed from the sector composition. The Mining and Oil index will see its ...

EXCLUSIVE: Boracay sewage system rehab to finish next month - DENR
CNN Philippines - 2018-08-09
Metro Manila (CNN Philippines, August 9) -- Rehabilitation of the sewage system in Boracay will be completed by September as the government is bent on meeting its deadline for reopening the island to tourists on October 26. In an exclusive interview ...

Stock market surges; ICTSI gains
thestandard.com.ph - 2018-08-09
San Miguel Food and Beverage Inc., a unit of conglomerate San Miguel Corp., rose 6.4 percent to P74.50, while Universal Robina Corp., the largest snack food maker, gained 3.1 percent to P138. A rally in the rest of Asian markets, meanwhile, stuttered on ...

UP tossers back in hunt in Premier tilt
thestandard.com.ph - 2018-08-09
University of the Philippines waylaid a hapless San Sebastian ... In other results, FEU outlasted Adamson, 15-25, 25-19, 21-25, 25-23, 17-15, to improve to 2-0 while dealing the Falcons their first setback after four straight wins. San Beda, meanwhile ...

Rising jet fuel prices drag Cebu Air income lower in 2 nd quarter
BusinessWorld - 2018-08-09
CEBU AIR, Inc. reported a 39% drop in net profit to P1.87 billion in the second quarter, weighed down by rising fuel prices and weakening of the peso. In a regulatory filing, the listed operator of Cebu Pacific said its net income for the first six months ...

Foreign investor group eyes majority stake in PLDT unit
BusinessWorld - 2018-08-09
Fixed broadband revenues grew 58% to P13.2 billion; mobile internet rose 29% to P12.3 billion; and corporate data and data center generated P10.9 billion in revenues, up 13%. By business unit, PLDT Home recorded a 14% increase in revenue during the January ...

Property, retail drive SMIC profit higher
BusinessWorld - 2018-08-09
SM Investments Corp. (SMIC) reported a nine percent increase in earnings during the first six months of 2018, boosted by the double digit growth of its property and retail units amid flattish results from the banking business. In a statement issued ...

San Miguel says recurring profit jumps 29% in 1 st half
BusinessWorld - 2018-08-09
DIVERSIFIED conglomerate San Miguel Corp. (SMC) grew its recurring profit by 29% in the first six months of 2018, following higher volumes and favorable selling prices across its units. In a statement issued Thursday, SMC reported a recurring net income of ...

PHL hopes to expand nursing education ties with Indonesia
BusinessWorld - 2018-08-09
It was attended by over 300 Indonesian students, faculty, and school administrators from Medan and North Sumatra ... like the University of Santo Tomas, Centro Escolar University, Far Eastern University, San Pedro College-Davao, University of Perpetual ...

PSBank books higher net profit in first half on interest earnings
BusinessWorld - 2018-08-09
Meanwhile, PSBank raised P5 billion from the first tranche of its long-term negotiable certificates of deposit (LTNCD) program, which it wants to use to expand its consumer banking segment. According to a document posted on the Philippine Dealing System ...

Philippine telecoms on offensive as foreign competition looms
Nikkei Asian Review - 2018-08-09
MANILA -- The Philippines' two major telecommunications companies are doubling down on their investments to upgrade network infrastructure, seeking to fend off looming competition that could include China Telecom. PLDT CEO Manuel Pangilinan told reporters ...

SE Asia Stocks-Most markets fall; Philippines recovers some lost ground
Reuters - 2018-08-09
Telekom Indonesia closed 1.7 percent lower, while Bank Negara Indonesia fell nearly 2 percent. Vietnam shares slipped with real estate company Vingroup declining to a two-week low and Vietcombank down 1.3 percent. Thai shares closed marginally higher.

Cebu Doctors' University grad tops August Pharmacist Licensure Exam
Sun Star - 2018-08-09
A GRADUATE of Cebu Doctors' University (CDU) and another of University of San Carlos (USC) have made it to the top 10 in the Pharmacist Licensure Examination held in August this year. Louise Tan Theunis of CDU topped the list, with a rating of 91.55 percent.

PNOC offering banked gas from Malampaya, sets Sept. 3 deadline
BusinessMirror - 2018-08-09
PNOC earlier tapped the services of ADB as consultant for its planned LNG project. PNOC had said it received offers from First Gen Corp., Energy World Corp., PT Jaya Samudra Karunia, PT PGN LNG Indonesia/PT Bosowa Corporindo with local partner MOF Corp ...

PSE retains composition of main index
BusinessMirror - 2018-08-09
THE Philippine Stock Exchange Inc. (PSE) on Thursday said it decided to retain the composition of the 30-company benchmark index based on its recent review, but revised some of the member-companies on other subindices. "The continued implementation of ...

Cebu Pacific net profit in H1 down 23.6% to P3.31 billion
BusinessMirror - 2018-08-09
BUDGET carrier operator Cebu Air Inc. saw its profits plummeting by more than a fifth during the first half of the year, as it incurred more expenses on jet-fuel costs, weighed further down by the continued weakening of the local currency. A disclosure to ...

PLDT to lower stake in Voyager
BusinessMirror - 2018-08-09
That was how businessman Manuel V. Pangilinan, chairman of telco PLDT Inc., described the foreign investors interested in buying in Voyager Innovations Inc., a wholly owned subsidiary of Smart Communications Inc., for about P10 billion. While he refused to ...

SMIC income grows 9% to P18.1 billion in H1
BusinessMirror - 2018-08-09
SM Prime Holdings Inc. reported consolidated net income of P16.6 billion in the first half of the year, up 16 percent. Consolidated revenues increased 15 percent to P49.8 billion, from P43.3 billion in the same period last year. BDO Unibank Inc. reported ...

San Miguel Corp. posts ?35.5-B net income in first half
CNN Philippines - 2018-08-09
"Increased business focus and a lot of hard work were key to our group's stellar performance," said SMC President Ramon Ang in a statement. "We're encouraged by the results we've had so far, and are very hopeful that this momentum will carry through for ...

PLDT to sell stake in Voyager for P10 billion
BusinessMirror - 2018-08-09
That was how businessman Manuel V. Pangilinan, chairman of telco PLDT Inc., described the foreign investors interested in buying in Voyager Innovations Inc., a wholly owned subsidiary of Smart Communications Inc., for about P10 billion. While he refused to ...

CLI unveils P3.6-billion mixed use development project in Mandaue
BusinessMirror - 2018-08-09
Radisson RED, a first in the country, is a 146-room accommodation facility to be operated by the Radisson Hotel Group and is one of the five hotels under the CLI hospitality business. It has premium select-service offerings targeted toward millennials ...

Back-to-back Toyota milestones
BusinessMirror - 2018-08-09
Recalling how his father, Dr. Shoichiro Toyoda, invited Dr. George SK Ty of the Metrobank Group in 1988 to start anew the operation of Toyota in the Philippines, the baton has now been passed on to his tandem with Mr. Alfred Ty, the vice chairman of TMP ...

Executive order sets zero tariffs to ease food inflation
philstar.com - 2018-08-09
Inflation represents the increase in the prices of goods and services. According to the PSA report ... release of over a hundred containers from the Mindanao International Container Terminal in Misamis Oriental that may have contained agricultural products ...