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 ...

LTG income doubles to P8.96B in first half on asset disposal of banking unit
BusinessMirror - 2018-08-13
"The income for 2018 was boosted by the gain booked by PNB [Philippine National Bank] for the sale of real and other properties acquired. Moreover, earnings from the tobacco business is normaliz ...

The next cycle begins
BusinessMirror - 2018-08-13
IN June of 2015, I began talking about how the political/eco-nomic cycle that bottomed in the middle of 2011 was about to peak and will turn down again in October 2015. The bottom of the cycle in 2011 also coincided with the Philippine Stock Exchange ...

DOJ files for issuance of HDO vs Peter Lim in Makati court
BusinessMirror - 2018-08-13
"Thus, in order to frustrate the ends of justice, as when accused Lim flees to another country in order to escape Philippine criminal jurisdiction, it is imperative that a hold departure order be issued directing the Commission of the Bureau of ...

Aboitiz inks deal with DENR for rehabilitation of Boracay Wetland 4
CNN Philippines - 2018-08-13
The memorandum of agreement was signed Monday by Environment Secretary Roy Cimatu, Aboitiz Equity Ventures, Inc. Chief Operating Officer Sabin Aboitiz and Aboitiz Foundation Head Maribeth Marasigan. The conglomerate said the rehabilitation and development ...

Aboitiz inks deal with DENR for rehabilitation of Boracay Wetland 4
CNN Philippines - 2018-08-13
Metro Manila (CNN Philippines, August 13) -- The Aboitiz Group, through its social development arm Aboitiz Foundation, has entered into a partnership deal with the Department of Environment and Natural Resources (DENR) for the rehabilitation of Wetland 4 ...

TRAIN-2: The Sequel Makes Things Worse
Bulatlat - 2018-08-13
Bureau of Internal Revenue (BIR) collections consist of direct and indirect taxes. Direct taxes are progressive because they are imposed on individuals and corporations according to their wealth, income, or property. CIT, PIT, estate and donor taxes are ...

Planned return of Balangiga church bells is a remarkable development
InterAksyon - 2018-08-13
Under American law, the bells are government property and an act of legislation is required ... As the memory of the bloody Balangiga Massacre lingers a century after, Duterte has brought up the topic in discussing his his preference for China as a trade ...

BPI Direct BanKo aims to hit goal of opening 200 branches this year
BusinessWorld - 2018-08-13
BPI Direct BanKo Inc., the microfinance unit of Bank of the Philippine Islands (BPI), is set to hit its target of having 200 branches by year-end, leveraging on the branch-lite initiative of the local central bank. In a press briefing, BPI Direct BanKo ...

Christian Bautista croons network loyalty
thestandard.com.ph - 2018-08-13
Romantic balladeer Christian Bautista proudly remains a Kapuso as he renewed his exclusive contract with GMA Network, Inc. on Aug.7. The 36-year-old "The Way You Look at Me" singer feels glad and fulfilled about his contract renewal with the Kapuso ...

PLDT works to regain lost ground from DOLE order
philstar.com - 2018-08-12
information technology (IT) firms and services; IT support services, both hardware and software; applications development; back office support and office operations; business process outsourcing or call centers; sales; and medical, dental engineering and ...

PSBank 1st half 2018 net income registers 15% growth
BusinessMirror - 2018-08-12
We have, likewise, tapped on the latest available digital technology to improve on process efficiencies to bring the cost of operations down while maximizing the full potential of our sales distribution channels in generating more business for the bank ...

China is selling its 'Big Brother' surveillance technology to a country with a poor human rights record
Business Insider - 2018-08-12
Daily life in China is gated by security technology, from the body scanners and X-ray machines at every urban metro station to the demand ... telecoms and digital services. Transsion Holdings, a Shenzhen-based company, was the number 1 smartphone company ...

AGI income grows 23% in first half
BusinessMirror - 2018-08-12
All of these should support us as we navigate the challenging economic environment moving forward." Property developer Megaworld Corp. reported a 13-percent growth in attributable net income to P7.3 billion in the first half from P6.4 billion last year.

The proposed Department of Disaster Management
BusinessMirror - 2018-08-12
It "is a working group of various government ... Further, there are 40 members of the NDRRMC from the president of the Social Security System to the secretary of the Department of Tourism. All of them may have important inputs, but remember the old ...

Chemical firm starts expansion of Batangas manufacturing hub
BusinessMirror - 2018-08-12
CHEMICAL firm D and L Industries Inc. (DNL) started building the structures that would expand its manufacturing capacity in Batangas. At the same time, its parent company Jadel Holdings Co. Inc. has broken ground for a new research and development facility ...

Justin Brownlee wants to be a naturalized Filipino
Rappler - 2018-08-12
And there's a San Miguel Corporation job in it for him, too, if he so chooses. "Sabi ni Boss RSA, 'Kung tapos ka na maglaro, ayaw mo na, automatic, we'll give you a job right away,'" Chua said. (Boss RSA said, 'If you're done playing or if you don't want ...

Market Week Ahead: 10 factors that will keep traders busy next week
moneycontrol.com - 2018-08-12
Tata Steel, Tata Chemicals, Cadila Healthcare, CARE Ratings ... session of the week led the benchmark index back below 11,440," Stewart & Mackertich Wealth Management said. Hence, staying cautious on rise is advised and the Nifty getting into a sideways ...

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 ...