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 ...

Globe to spend additional $100M in 2018
Sun Star - 2018-08-09
GLOBE Telecom, Inc. ended the first half of 2018 with consolidated service revenues of P67.3 billion with revenues hitting P33.2 billion in the second quarter, up three percent from prior quarter. Globe spent around P22.9 billion in capital expenditures as ...

For healthier communities
philstar.com - 2018-08-09
The UPCE Alumni Association, through its president, Mercedes Adorio, is inviting all alumni of UP Eduk to attend the homecoming on Sunday, Aug. 19, 2019 at the College of Education, University of the Philippines, Diliman, Quezon City. For details call ...

Digging deeper into Comelec corruption
philstar.com - 2018-08-09
"Smartmatic as a foreign company shows no respect for the transparency and accountability of Philippine elections ... Hans Hauri came to greet us with Alfred Ty of Metrobank. What I liked the most was the announcement by Hai Shin Lou owner Al Tengco ...

PSBank to decide on home loans in a day
BusinessWorld - 2018-08-09
In a statement on Tuesday, the savings banking arm of Metropolitan Bank & Trust Co. said it will only take a day for the bank to grant loans for brand new condominium units and properties from accredited developers. PSBank Senior Vice-President Noel Tuazon ...

DoubleDragon Properties completes first industrial warehouse in Tarlac
BusinessWorld - 2018-08-08
Sia II was quoted in a statement as saying. DoubleDragon is banking on the projected rise in demand for multi-use warehouses in the country driven by consumer-related companies. The company will be developing another CentralHub site in North Luzon after ...

Globe Telecom earnings rise in 1 st half
BusinessWorld - 2018-08-08
Revenues of its home broadband and corporate data business also improved by 12% to P8.6 billion and 9% to P5.4 billion, respectively. "This was boosted by the expansion of subscribers and continued high demand for various business solutions catering to ...

Duterte steps up confrontation with Chinese casino companies
Nikkei Asian Review - 2018-08-08
Among the largest projects underway is a casino resort near Landing International's site that is being developed by a joint venture between local company Alliance Global Group and Malaysia's Genting. The policy gap originally opened up in late March when ...

Duterte vows no new casinos, as Chinese investors push on
Nikkei Asian Review - 2018-08-08
While a presidential spokesman had called the lease "grossly disadvantageous" to the government, Landing International said the agreement had been reviewed by the Office of the Government Corporate Counsel of the Philippines and that it still considered it ...

PAL tweaks flight sked as typhoon hits Japan
BusinessMirror - 2018-08-08
LEGACY carrier Philippine Airlines (PAL) has advised passengers that certain flights to and from Tokyo, Narita and Haneda, Japan, starting August 8 until 9 are cancelled due to Typhoon Shanshan affecting the Japanese capital. PAL spokesperson Cielo ...

Globe hikes capex to $950 million following rosy H1 performance
BusinessMirror - 2018-08-08
ENCOURAGED by its financial performance during the first half of 2018, mobile services provider Globe Telecom Inc. has decided to increase its capital-expenditures (capex) program for the year by more than a tenth. As it "moves forward with upgrading its ...

Bloomberry reports weak Q2 earnings on high interest, Korean losses
BusinessMirror - 2018-08-08
BLOOMBERRY Resorts Corp., the operator of Solaire resort and casino, said its second-quarter income was down due to higher interest expense and losses in its Korean unit, but its strong first-quarter earnings helped it post first-half profit increase.

Petron promoting road safety among varsity students
bernama.com - 2018-08-08
Sumber gambar: news.abs-cbn.comKUALA LUMPUR, Aug 8 (BERNAMA) - Over 800 students of UTM School of Professional and Continuing Education (UTMSPACE) participated in a road safety awareness programme organised by Petron Malaysia, here, today. It was aimed ...

Petron promoting road safety among varsity students
bernama.com - 2018-08-08
The other universities are Universiti Malaysia Pahang, Universiti Sultan Zainal Abidin Terengganu, Universiti Selangor, Universiti Tun Hussein Onn, Universiti Tenaga Nasional, and Universiti Teknologi Malaysia, Skudai, Johor.

Phoenix Petroleum H1 net income up 59% to P969.8 million
BusinessMirror - 2018-08-08
PHOENIX Petroleum Philippines Inc. on Wednesday reported P969.8 million in net income for the first half of the year, up 59 percent from the same period a year ago. Revenues also surged by 113 percent to P40.25 billion at end-June from P18.89 billion ...

San Miguel Food and Beverage net income at ?15.4 billion in first half
CNN Philippines - 2018-08-08
Metro Manila (CNN Philippines, August 8) -- San Miguel Food and Beverages, Inc. (SMFB) reported a net income of ?15.4 billion for the first half of the year. The conglomerate is the result of the consolidation of all of San Miguel Corporation's (SMC ...

Right-of-way issues may delay MRT7 completion
Rappler - 2018-08-08
What happened? According to Libiran, they filed an expropriation case back in November 2017. Concessionaire San Miguel Corporation later on paid P67 million to acquire the land. Under Republic Act No. 10752 or the Right-of-Way Act, the court should issue a ...

Megaworld income grows 12% to P7.51 billion in first half
BusinessMirror - 2018-08-08
Earnings for the first two quarters of the year were buoyed by strong results from all its core businesses, with the hotel business posting a record growth, it said. Revenues also grew, but at a slower pace to P25.72 billion, a 10-percent increase from the ...

Salahog who?
BusinessMirror - 2018-08-08
Nilo Salahog, who could not seem to get past the cutoff line the last two months, now got past the top guns and took the coveted spot on top, wresting a one-stroke lead over Justin Quiban with a five-under 65 in the first round of the International ...

Stock Market 004: Pricing
BusinessMirror - 2018-08-08
Here are some examples of PER at the end of 2017: SM Investments-36, Jollibee-38, Ayala Corp.-22 and Ayala Land-26. Which has the best "value"? Then you should look at earnings growth. But the reality is that the Japanese stock market went from a PER ...

Phoenix Petroleum second-quarter profit surges 62%
BusinessWorld - 2018-08-08
Phoenix Petroleum Philippines, Inc. reported a net income of P531.11 million in the second quarter, higher by 62% compared with the P327.77 million posted a year ago, as revenues during the period more than doubled with the surge in sales volume.

Canceled Japan flights due to Typhoon Shanshan
Rappler - 2018-08-08
MANILA, Philippines - Several Philippine Airlines (PAL) flights to and from Tokyo were canceled due to Typhoon Shanshan, which is expected to bring heavy rain and strong winds to Japan. PAL arranged the following replacement flights on Thursday ...

SSS says avoid putting GF or BF as beneficiary
Philippine Information Agency - 2018-08-08
The group gathers monthly as am information sharing avenue of other government and non-government agencies. (fcc/PIA7-Cebu) Social Security System, #SulitSaSSS and SSS Benefits The Philippine Information Agency is the official public information arm of the ...

BSP Dumaguete honors outstanding partners, stakeholders in NegOr, Siquijor
Philippine Information Agency - 2018-08-08
Awardees for outstanding partner in implementing BSP advocacy programs include Negros Chronicle, Fil-Products Service Cable Televisions, City Government of Dumaguete City, Lee Super Plaza, Philippine Information Agency (PIA), and Department of Education ...

BSP Dumaguete honors outstanding partners, stakeholders in NegOr, Siquijor
Philippine Information Agency - 2018-08-08
and Negros Oriental State University (NORSU) for outstanding Knowledge Resource Network. BSP also cited the following institutions for providing support to the promotion of various advocacy programs as well as its mandate: Negros Oriental Provincial Police ...

250 Petron scholars in Cebu get school supplies
Sun Star - 2018-08-08
A TOTAL of 250 elementary scholars of Tulong Aral ng Petron (TAP) coming from the cities of Mandaue and Lapu-Lapu received school supplies from Petron Foundation during a ceremony held in SM City Cebu last Aug. 2. "Through Tulong Aral ng Petron, we are ...

Meralco rates to go up by P0.02/kwh this month
News Philippines Yahoo - 2018-08-08
QUEZON CITY, Philippines - Power consumers will have to pay more for their August electricity bills as the Manila Electric Company (Meralco) announces an increase in its rates by P0.02 per kilowatt hour. This translates to additional P5.00 for a ...

Overcoming the stigma of death
Sun Star - 2018-08-08
Today, Cosmopolitan Funeral Homes has 27 branches in Davao, Cagayan de Oro, Iligan, General Santos, Tagum, Valencia (Bukidnon), and Iloilo. Three years ago ... I finished a commerce degree in University of San Carlos. After college, I immediately went ...

Overcoming the stigma of death
Sun Star - 2018-08-08
Today, Cosmopolitan Funeral Homes has 27 branches in Davao, Cagayan de Oro, Iligan, General Santos, Tagum, Valencia (Bukidnon), and Iloilo. Three years ago ... I finished a commerce degree in University of San Carlos. After college, I immediately went ...

Meralco rates still 3rd highest in Asia - IEC
philstar.com - 2018-08-07
MANILA, Philippines -- Average rates of Manila Electric Co. (Meralco) remained the third highest in Asia, but rates have already gone down in the past six years due to continued decline in power generation cost, according to a survey commissioned by the ...