Discover your signature with BPI Visa Signature card
philstar.com - 2018-08-16
With this in mind, Bank of the Philippine Islands (BPI) recently unveiled its latest credit card in a special VIP event held at the Grand Hyatt in BGC. The new BPI VISA Signature card gives customers the chance to have wider and richer experiences when ...

Top S. Korea Buddhist in corruption, fatherhood allegations
News Philippines Yahoo - 2018-08-16
The 56-14 vote of no confidence in Seoljeong, president of the Jogye Order, by its central committee is the first in a history that dates back hundreds of years -- the organisation is believed to have been established in the 12th century. With more than ...

International Academy of Medical Specialists Inc. Says #NoToFakeNews
BusinessMirror - 2018-08-16
Taal Vista Hotel, Novotel Manila, Diamond Hotel, Sweet & Fit Stevia, Glorious Blend Coffee, PhilNoni, Jeunesse Anion Napkins, So Sure Bladder Control Napkin, Misso, Unionbank, Diana Stalder, Unionbank, Alveo Land, Alexora, Odyssey.net, Gur Lavi Corp ...

Philippine consumer companies hit by rising inflation and weak peso
Nikkei Asian Review - 2018-08-16
MANILA -- Stubbornly high inflation and a weak local currency dealt a blow to Philippine consumer companies ... Jollibee's gross profit margins for the second quarter and the first six months of 2018," the company said. Jollibee's gross profit margin ...

PAL Holdings to restructure equity ahead of new partner
Manila Standard Today - 2018-08-15
PAL Holdings Inc. said it will undergo equity restructuring to partially erase its deficit in preparation for the entry of a new strategic investor. The parent firm of Philippine Airlines informed the stock exchange it filed with the Securities and ...

GetGOing with Cashalo
BusinessMirror - 2018-08-15
It is the first product of a strategic partnership between Hong Kong based technology player Oriente - whose founders are behind internet giants Skype and LU.com - and Express Holdings, Inc., a subsidiary of JG Summit Holdings, Inc. Download the app ...

Phinma Energy posts P76.4-million net loss
BusinessMirror - 2018-08-15
PHINMA Energy Corp. posted a net loss of P76.40 million in the first half of the year, a reversal from the P298.17-million net income it posted in the same period a year ago, mainly due to the continued low prices in the competitive energy-supply market ...

Xurpas books second straight quarter of losses
BusinessMirror - 2018-08-15
XURPAS Inc., a maker of games mainly for Android-powered mobile phones, said it booked its second straight quarter of losses, further widening its loss for the first half of the year. The company said it had a loss of P143.64 million for the six-month ...

Paris Responds to Its Public Urination Problem By Installing Open-Air Urinals
Mental Floss - 2018-08-15
In between stops at the Louvre and the Eiffel Tower, sightseers in Paris might notice some unusual new landmarks marking the city's streets: bright red, open ... GrĂ¼ll of the University of ...

Megawide profit slips 7% in Q2
BusinessWorld - 2018-08-15
MEGAWIDE Construction Corp. reported a seven percent decline in attributable profit for the second quarter of 2018, as the growth of the airport business tempered the slower performance of its construction unit. In a regulatory filing, the listed ...

Phinma Energy swings to net loss in April-June
BusinessWorld - 2018-08-15
South Luzon Thermal Energy Corp., a 45%-owned affiliate ... with an installation completed in Phinma Cagayan de Oro College. Phinma University of Pangasinan will follow by end-August.

Meralco seeks ERC provisional approval of P21-B capex program
BusinessWorld - 2018-08-15
MANILA Electric Co. (Meralco) is asking provisional approval from the Energy Regulatory Commission (ERC) for its P21-billion capital expenditure program for 2019, the biggest component of which is the spending for the expansion of its advanced metering ...

GT Cap income falls in H1 to P7.1 billion on weaker car sales
BusinessMirror - 2018-08-15
Our affiliates Metrobank, AXA Philippines, Metro Pacific and TFS [Toyota Financial Services] delivered strong results, mitigating the soft numbers from the auto sector," he said. Earnings for the second quarter alone fell 17 percent to P3.4 billion from ...

The next cycle crisis has begun
BusinessMirror - 2018-08-15
It is not like Turkey is some minor player. It is a member of the G-20 group of nations and is the 18th-largest economy in the world. The Philippines is No. 39. Its current annual economic growth rate is 7.4 percent. The Turkish government debt to GDP is a ...

Brownlee's naturalization in the works with filing of House bill
Rappler - 2018-08-15
(READ: Justin Brownlee wants to be a naturalized Filipino) San Miguel Corporation honcho Ramon S. Ang has given his approval to the idea, saying he will sponsor the American's naturalization bid. "He's (Brownlee) a very, very nice guy and in fact ...

GMA Network posts P1.232 billion net income in H1 2018
GMA Network - 2018-08-15
(Quezon City, Philippines - August 15, 2018) - Brought about by improved financial performance in the second quarter, broadcast leader GMA Network, Inc. (GMA) concluded the first half of the year with a net income of P1.232 billion. Consolidated ...

No challenger to Dynamic offer
The Visayan Daily Star - 2018-08-15
The Capitol will lease office space at the Philippine National Bank Building along Lacson Street for its dislocated offices until a new PAC can be constructed. The new six-story PAC building, with a budget of P500 million, is up for construction behind the ...

Cosco income grows 21% to P4.2 billion in January-June
BusinessMirror - 2018-08-14
It said the liquor-distribution business posted a 49-percent growth in revenues to P3.73 billion, on the back of a 44-percent increase in volume of cases sold during the first half. "The growth is primarily driven by the increase in sales of Alfonso ...

Jollibee income rises 16% to P4.05 billion in H1
BusinessMirror - 2018-08-14
System-wide sales in all regions performed well in the second quarter led by the North America business, which grew almost three times due to the consolidation of Smashburger, it said. Business in Europe, Middle East and Asia excluding the Philippines ...

Weather to improve but rains to persist -- Pagasa
philstar.com - 2018-08-14
MANILA, Philippines -- Residents of Metro Manila can expect improvement in the weather by tomorrow but rains will persist over the northern part of Luzon until the weekend, state meteorologists said. The southwest monsoon, which was enhanced by three ...

Jollibee Q2 income jumps 15% amid expansion
BusinessWorld - 2018-08-14
System-wide sales in all regions were strong during the April to June period, led by the North America business which surged 195.6% due to Smashburger; and Europe, Middle East and Asia (excluding Philippines) which rose by 46%. The foreign business now ...

DMCI profit hits P5 billion in Q2
BusinessWorld - 2018-08-14
DMCI Holdings, Inc. registered a net income of P5 billion in the second quarter, up by nearly 39% compared with the P3.6 billion posted a year ago, with most of its business segments performing well except for the power business. Consolidated revenues ...

DMCI H1 earnings reach P9.2 billion
BusinessMirror - 2018-08-14
DMCI Homes was able to dispose of about 1.9 hectares of its land holdings near Balintawak, Quezon City, to the Sytengco group, which controls SBS Philippines Corp., a chemical trader that wants to venture into property development. Consunji said Sytengco ...

Globe launches high-stakes eSports extravaganza in PH
newsbytes.ph - 2018-08-14
After the success of Rampage, telco giant Globe Telecom has partnered with game operator Garena PH and eSports tournament organizer Riot Games to launch Globe Conquerors Manila, a tournament among the top "League of Legends" teams in Southeast Asia.

Water service interruptions announced
BusinessWorld - 2018-08-14
The company said its water production will be maintained at ... let water flow from your faucet for a few seconds until the water clears." it added. Separately, Manila Water Co., Inc. said it would proceed with its pipe-laying and interconnection ...

BINHI Marks Its 10th Anniversary with A Series of Environmental Activities
BusinessMirror - 2018-08-14
Manila, Philippines - Geothermal leader, Energy Development Corporation (EDC), continues its corporate greening legacy with the 10 th anniversary celebration of its BINHI initiative with a series of activities geared towards the realization of its 10 ...

Century Properties tops off 5th Commonwealth tower
BusinessMirror - 2018-08-14
CENTURY Properties Group Inc., known for its industry-pushing real-estate concepts, recently topped off Roxas ... Paul Ortiz from Century Project Management and Construction Corp. "In Century we have dreamed of a community that will set a new benchmark ...

Filipino-themed integrated resort lands on Entertainment City
BusinessMirror - 2018-08-14
Dubbed as "NayonLanding," this $1.5-billion leisure-cum-entertainment facility is a project of Landing Resorts Philippines Development Corp. (Landing Philippines), a wholly owned subsidiary of Hong Kong-listed Landing International Development Ltd ...

BanKo launches Cubao branch for SEME financial solutions
BusinessMirror - 2018-08-14
BPI Direct BanKo (BanKo), the microfinance subsidiary of the Bank of the Philippine Islands (BPI), officially opened the doors of its Cubao branch on August 13. This marks the third BanKo location in Metro Manila, after the Greenhills branch and Caloocan ...

Solaire Resort pioneers e-payment options for Chinese guests
philstar.com - 2018-08-14
Solaire Resort is the most recent company to sign up with Asia United Bank as an accredited merchant partner. By doing so, the resort offers Chinese tourists a fast, secure and convenient way to pay for their hotel, dining, shopping and entertainment bills ...

SE Asia Stocks-Philippines, Indonesia extend falls on Turkey woes
Reuters - 2018-08-14
Indonesian stocks post more than 1-month closing low * Philippine shares decline for fourth straight session By Ambar Warrick Aug 14 (Reuters) - Most Southeast Asian stock markets closed ... developer SM Prime Holdings Inc lost 2.3 percent.

Stocks slump; Ayala, SM Prime fall
thestandard.com.ph - 2018-08-14
Conglomerate Ayala Corp. lost 3.2 percent to P953.50, while unit and major property developer Ayala Land Inc. also declined 3.2 percent to P41.25. The rest of Asian markets tumbled and the Turkish lira dived almost eight percent Monday. With investors ...

Shopee goes cashless, offers 72 hours of free shipping
thestandard.com.ph - 2018-08-14
Shopee users can enjoy 15% discount when paying with credit card up until Sept 8. In addition, credit card holders from banks including the Bank of Philippine Islands (BPI), Citibank, Philippines Savings Bank (PSBank), Philippine National Bank (PNB ...

GIS EXCLUSIVE: Employers vow to regularize 300,000 workers this year - Bello
UNTV - 2018-08-14
Giant firms such as SM Retail Inc. and Jollibee Foods Corporation are also members of ECOP. Meanwhile, Bello admits they lack available labor law compliance officers to complete the inspection of 800,000 business establishments in the country. Since ...

GIS EXCLUSIVE: Employers vow to regularize 300,000 workers this year - Bello
News Philippines Yahoo - 2018-08-14
Giant firms such as SM Retail Inc. and Jollibee Foods Corporation are also members of ECOP. Meanwhile, Bello admits they lack available labor law compliance officers to complete the inspection of 800,000 business establishments in the country. Since ...

Ayala-Aboitiz consortium bids for national ID system
Rappler - 2018-08-14
MANILA, Philippines - One of the oldest conglomerates in the Philippines placed a bid to develop the infrastructure needed for the modern national identification system. In a disclosure to the Philippine Stock Exchange on Tuesday, August 14, Ayala ...

Battle of the Brains
The Visayan Daily Star - 2018-08-14
Two students of Dr. Vicente F. Gustilo Memorial National High School in Cadiz City, Negros Occidental, will proceed to the grand finals of the Negros Island Battle of the Brains, after winning the semi-finals in the Bacolod-leg of the contest, initiated by ...

Blockchain Helps Philippines UnionBank Cut Operational Costs
Investing.com - 2018-08-14
The decision to adopt blockchain in its internal processes has allowed UnionBank of the Philippines (UBP) to cut operational costs while learning more about the application of the technology. Speaking to reporters at the recent Philippine Investment Forum ...

Dumaguete airport runway closed after PAL plane blows tire
Rappler - 2018-08-14
MANILA, Philippines - A Philippine Airlines (PAL) plane from Manila experienced tire failure while landing at the Dumaguete-Sibulan Airport in Negros Oriental on Tuesday morning, August 14, prompting the closure of the runway. In a statement on Tuesday ...

Duterte's federal Philippines dream raises 'fiscal nightmare' fears
Nikkei Asian Review - 2018-08-14
Even without a charter change, local governments already have a say in how business is conducted, noted Manuel Pangilinan, who chairs telecom company PLDT, Philex Mining and Metro Pacific Investments, which holds a range of infrastructure interests.

San Miguel boss Ang to sponsor Brownlee's naturalization
Rappler - 2018-08-14
MANILA, Philippines - If Barangay Ginebra's Justin Brownlee truly wants to be a naturalized Filipino, he has San Miguel Corporation honcho Ramon Ang's full backing. Ang said he will sponsor the do-it-all import's naturalization, during the Gin Kings ...

BSP presents outstanding regional partners in Central Visayas
Philippine Information Agency - 2018-08-14
Philippine Information Agency (PIA)- Negros Oriental honored as Outstanding Regional Partner for the Demonetization of the New Design Series; and Negros Oriental State University (NORSU) as Outstanding Regional Partner for Knowledge Resource Network.

Coal powers Semirara income growth in 6 months
philstar.com - 2018-08-13
MANILA, Philippines -- Despite power plant shutdowns, Semirara Mining and Power Corp. (SMPC) managed to increase its net earnings by three percent in the first semester owing to the robust performance of its coal business. In a disclosure to the ...

Road to Nationals goes to Cagayan de Oro on Aug. 25
Manila Standard Today - 2018-08-13
Six teams will compose The Nationals, created for e-gaming aficionados--TNC Pro Team, HappyFeet eSports, BrenPro Inc., Cignal TV Inc, PLDT/Smart Communications, and STI Education Systems--all of which will select players to compete in the Road To The ...

BPI Direct BanKo to have 200 branches by yearend
BusinessWorld - 2018-08-13
BPI DIRECT BanKo Inc., the microfinance unit of listed Bank of the Philippine Islands (BPI), is set to hit its target of 200 branches by yearend as it leverages on the branch-lite initiative of the central bank. In a press briefing, BPI Direct BanKo ...

Sitel PH partners with Globe on e-waste recycling program
newsbytes.ph - 2018-08-13
BPO giant Sitel Philippines has partnered with Globe Telecom on the "Project 1 Phone" E-Waste Recycling Campaign across its 14 sites in the Philippines. The project aims to collect old and broken mobile phones, tablets, mp3 players, chargers ...

Security Bank goes global with two new feeder funds
BusinessMirror - 2018-08-13
In Photo: Security Bank Executive Vice President and Treasurer Raul Pedro (from left); Assistant Vice President and Economist Angelo Taningco; and First Vice President and Chief Investment Officer of the Trust and Asset Management Group Noel S. Reyes share ...

Quiban on a mission
BusinessMirror - 2018-08-13
FROM the tight Binitin layout to the wider Marapara course, Justin Quiban hopes to dish out the form he flaunted in dominating the International Container Terminal Services Inc. (ICTSI) Bacolod Golf Challenge last week as he guns for a second straight ...

Ayala Corp. income reaches P16.06B in H1
BusinessMirror - 2018-08-13
For the second quarter alone, the company recorded a net income of P8.4 billion ... as service revenues grew 9 percent. Manila Water Co. Inc., the east zone concessionaire, recorded a net income of P3.6 billion in the first half, 10 percent higher ...

Only 30% of Boracay hotels seen opening by October 26
BusinessMirror - 2018-08-13
Teo. For pioneering flag carrier Philippine Airlines (PAL), its winter schedule shows 30 times a week flights from Manila to Caticlan, 12 times a week flights from Manila to Kalibo, and flights to Kalibo from Beijing (six times a week) from Busan (four ...