Palace maintains Duterte said 'no' to Boracay casino
philstar.com - 2018-07-30
Leisure and Resorts World Corp., the locally listed gaming company founded by Rep. Alfredo Benitez (Negros Occidental), earlier said that the plan to build a mega casino-resort with Macau-based Galaxy Entertainment Group Ltd. in Boracay is still on track.

Gas prices going up by P1.15 a liter Tuesday; diesel, P0.95
BusinessMirror - 2018-07-30
Seaoil Philippines, Phoenix Petroleum Philippines, PTT Philippines, Total Philippines, Petro Gazz said they will implement the price adjustment at 6am of July 31. Other oil firms are expected to announce their price adjustments also within the day.

SBI Holdings subsidiary invests $15 million in AntWorks
Economic Times - 2018-07-30
which counted the technology and telecom-focused strategic holdings company as a major stakeholder, bought back its shares from SoftBank in 2006, with the latter selling the rest of its stake to Goldman Sachs Japan. This is the first round of institutional ...

Perez, Ando claim gold in Hidilyn Diaz weightlifting tiff
philstar.com - 2018-07-30
MANILA, Philippines - Asian Games campaigners Elreen Ann Ando and Ellen Rose Perez claimed gold medal in their events in the 2018 Hidilyn Diaz Weightlifting Open Championships last Sunday at the Meralco Fitness Center in Ortigas, Pasig. The 19-year old ...

Team Manila-Philippines prevails in Pony World Series 18-U Girls Softball Championship
BusinessMirror - 2018-07-30
In Photo: Glory Alonzo sizzles from atop the mound for Team Manila-Philippines. TEAM Manila-Philippines defeated blue chip team Central Hemet Xplosion, 5-1, in a thrilling finale to retain the crown in the Pony World Series 18-U Girls Softball Championship ...

New Jolly Kiddie Meal toys let kids have fun building their own Jollibee store
BusinessMirror - 2018-07-30
This July, young kids will have more wonderful adventures and playtimes as they discover the fun and excitement in building their own Jollibee store. Available with every Jolly Kiddie Meal, the Jolly Store is a set of toys representing different areas of ...

URC supports RES Brigada Eskwela Reading Haven
BusinessMirror - 2018-07-30
Universal Robina Corporation (URC) employees along with faculty members of Rosario Elementary School (RES), in Pasig City, share their smiles for the camera after a fulfilling day of classroom refurbishing. Pupils and faculty members of Rosario Elementary ...

Third-party group to conduct survey on ridership, traffic impact of L.R.T. 2
BusinessMirror - 2018-07-30
The PSA said the study will be conducted by the Certeza Infosys Corp. (CIC), which was contracted by the National Economic and Development Authority (Neda ... the extension of the Purple Line to SM Masinag in Antipolo City. The government expects ...

The bigger picture
BusinessMirror - 2018-07-30
One of the reasons I find the financial and economic world fascinating is that it never stops to take a breath. If you were to follow it as closely as it deserves, you would need at least five TV sets running 24/7, sort of like Netflix on steroids.

Megaworld to start construction of Upper East township in Bacolod
BusinessMirror - 2018-07-30
PROPERTY developer Megaworld Corp. on Monday said it started to build its township in Bacolod, which it said will become the modern central business district. The 34-hectare property called Upper East in the eastern district of the city, just a few ...

URC H1 income falls 23% to P4.93 billion
BusinessMirror - 2018-07-30
THE income of Universal Robina Corp. (URC), the food unit of the Gokongwei family, fell 23 percent in the first half of the year, as slim income on most of its units, including the branded food group, could not keep up with the lower foreign-exchange gains ...

Meralco H1 earnings up 14% to P11.97 billion
BusinessMirror - 2018-07-30
"Consumer wallets continue to expand as money sent home by overseas Filipinos continues to grow, as well as from employment generated by business-process outsourcing firms and Philippine offshore gaming operators. These have continued to drive the growth ...

Sta. Lucia continues land acquisition, joint-venture deals in 2nd-, 3rd-tier cities
BusinessMirror - 2018-07-30
PROPERTY developer Sta. Lucia Land Inc. on Monday said it has fresh acquisitions and joint-venture agreements with various parties in key provincial areas this year as it maintains its development foothold in second- and third-tier cities. The company ...

Palace insists: No casino-resort on Boracay Island
Sun Star - 2018-07-30
Leisure and Resorts World Corporation (LRWC), the local operator of Macau casino giant Galaxy Entertainment Group, said on July 27 that its plan to build a $500-million casino-resort in Boracay would push through. In a media interview, LRWC vice president ...

The big shift: More fun starts in City di Mare
philstar.com - 2018-07-30
The sprawling 50-hectare township at the Cebu South Road Properties (SRP) has the flagship regional mall development of Filinvest Lifemalls on its premises. Called the IL Corso, it centers on a unique premise of un-malling with two standout features ...

Is Nayong Pilipino lease as casino OK with NEDA?
philstar.com - 2018-07-30
Government will lose P516,909,600 a year, or P25.85 billion in half a century. Also in May ... News items put other leases in the area at P600; property purchases hit as high as P235,000 per square meter; lease rates can be calculated from nearby purchase ...

Health advocates raise red flag on stunted, underweight children
CNN Philippines - 2018-07-30
Global and local studies are raising the red flag on malnutrition among Filipino children. In the 2015 Updating of the Nutritional Status of Filipinos by the Food and Nutrition Research Institute (FNRI) of the Department of Science and Technology ...

Chinese casino in Boracay will never happen - Palace
CNN Philippines - 2018-07-30
The President has said 'no' and I would hope they will respect that," he said in a media briefing. Leisure & Resorts World Corporation (LRWC), the local partner of Macau casino operator Galaxy Entertainment Group, was quoted by the media on Friday saying ...

Can a shorthanded Ceres Negros capture the ASEAN Zonal title?
Rappler - 2018-07-30
But our new players like Blake Powell and Curt Dizon have their own qualities." Powell, an A-League veteran from Australia, and former Global and Meralco standout Dizon both scored in the two games against Global, which Negros won by a cumulative score ...

Chile to restrict tourists and non-locals on Easter Island
Rappler - 2018-07-30
SANTIAGO, Chile - Easter Island is known for its unique Moai monumental statues carved by the Rapa Nui people, believed to have arrived on the remote landmass in the southeastern Pacific Ocean in around the 12th century ... and the real estate ...

Inflation and the regions
BusinessWorld - 2018-07-30
Is this scenario of the regions being more punished by inflation than the National Capital Region (NCR), which shows 5.8% in June from 4.9% in May -- a reason for devolving them as federal states independent of Imperial ... on the resources of where ...

Tigresses roll to 3-0, crush Red Spikers
philstar.com - 2018-07-29
Unlike FEU, however, UST extended its run through another straight-set romp after sweeping San Sebastian and Perpetual Help. The Lady Tams needed five sets to topple the St. Benilde Lady Blazers before repulsing the Lady Red Spikers in four and toppling ...

Galaxy Entertainment, LRWC see opening of Boracay resort by 2021
thestandard.com.ph - 2018-07-29
The proposed $550-million integrated resort and casino in Boracay Island of Macau-based Galaxy Entertainment Group Ltd. and local partner Leisure and Resorts World Corp. remains on track to open by 2021 despite the implementation of a six-month closure of ...

Metro Retail weighs three regional acquisitions
thestandard.com.ph - 2018-07-29
Metro Retail was one of the participants in the recent business matching fair conducted by Security Bank and MUFG Bank between Filipino and Japanese companies. Moreno said Metro Retail was interested in sourcing nice, unique and value products from ...

Petron eyes arbitration to resolve PNOC dispute
thestandard.com.ph - 2018-07-29
"We have yet to go into arbitration. I will bring that to international arbitration...[but] I will wait for the decision of the Philippine court," Petron president Ramon Ang said. Petron has existing lease agreements with PNOC for the sites of its $3 ...

SMC plans to invest heavily on renewable energy
philstar.com - 2018-07-29
SMC president and COO Ramon Ang said the company is looking at a host of RE technologies such as hydropower, wind, battery storage and ocean tidal. "SMC is going to invest heavi-ly on renewable energy," he said. "We predict to invest up to 10,000 MW ...

Cebu Landmasters to start 100-hectare reclamation project in Cebu
philstar.com - 2018-07-29
MANILA, Philippines -- Cebu Landmasters Inc. (CLI ... The proponent, the Ming-Mori Development Corp. is a consortium with a Japanese real estate developer. The site will also include a small commercial area mixed-use development, Soberano said.

PetroEnergy expects slight profit dip
BusinessWorld - 2018-07-29
PETROENERGY Resources Corp. (PERC) is expecting a slightly lower net income for the first half of 2018 as its wind farm in Nabas, Aklan failed to match its performance during the same period last year, company officials said. Francisco G. Delfin ...

Saving Naujan Lake
BusinessMirror - 2018-07-29
Like most protected areas, the NLNP--being rich in natural resources--is prone to abuse ... Endemic and threatened birds, such as the Mindoro imperial pigeon, Mindoro bleeding-heart pigeon, black-hooded coucal and Mindoro hornbill, are also found ...

GSG sells majority ownership of Gold Coin for $550M to Pilmico
BusinessMirror - 2018-07-29
Ltd. (Pilmico), a subsidiary of Aboitiz Equity Ventures Inc. (AEV). The agreement is believed to be the biggest cross-border merger and acquisition (M&A) transaction in animal feed space in Southeast Asia. The sale and purchase deal will see the start of a ...

GSG sells majority ownership of Gold Coin for $550M to Pilmico
BusinessMirror - 2018-07-29
Ltd. (Pilmico), a subsidiary of Aboitiz Equity Ventures Inc. (AEV). The agreement is believed to be the biggest cross-border merger and acquisition (M&A) transaction in animal feed space in Southeast Asia. The sale and purchase deal will see the start of a ...

Geothermal energy: The sustainable energy solution
philstar.com - 2018-07-29
Leading the way Geothermal leader and leading renewable energy company Energy Development Corporation (EDC) has always been cognizant of the role that sustainable power generation plays in ensuring the long-term welfare of Filipinos, and more so in recent ...

What is Filipina beauty in the digital age?
philstar.com - 2018-07-29
As the digitally savvy continued to enable our creativity through our phones, advancements in technology on the cosmetic and surgical ... non-invasive treatments are our apps -- no more logging on to a computer to make things pretty; simply click Beautify.

Heart, mental toughness work wonders for F2 in PSL title conquest
philstar.com - 2018-07-29
The Cargo Movers displayed that vaunted fighting spirit anew as they dominated Petron in Game Two of their best-of-three title series to emerge with their third crown in this prestigious tourney bankrolled by Isuzu, UCPB Gen and SOGO Hotel with ESPN5 ...

Foreign nationals and the practice of real estate service
BusinessWorld - 2018-07-29
However, authorized persons acting for the corporation must be composed of duly registered and licensed real estate brokers, appraisers, or consultants, as the case may be. Foreign citizens may also practice real estate services in the Philippines ...

Tigresses roll to 3rd straight PVL victory
Rappler - 2018-07-29
Unlike FEU, however, UST extended its run through another straight-set romp after sweeping San Sebastian and Perpetual Help. The Lady Tams needed 5 sets to topple the St. Benilde Lady Blazers before repulsing the Lady Red Spikers in 4 and toppling the Lady ...

Resiliency, adaptability to bring Philippines to better state
philstar.com - 2018-07-29
Our economy is doing well. We expect growth to be even much better in the coming years as landmark infrastructure projects are completed," San Miguel Corp. president and COO Ramon Ang told The STAR. Economic growth, he said, "is crucial because it ...

How Grab's M'sian CEO steered it out of a garage in KL into a US$10 billion company
Yahoo Singapore Finance - 2018-07-29
SINGAPORE: Anthony Tan knew it was not going to be your usual business meeting when the taxi fleet boss he had arranged to meet in the Philippines entered the ... economy released by Google and Temasek Holdings in December. Today, Grab operates in 225 ...

Cebuano lifters sizzlein Hidilyn Diaz Open
philstar.com - 2018-07-29
CEBU, Philippines -- The Cebuano lifters made their presence felt by winning one gold, two silvers and one bronze at the start of the 2nd Hidilyn Diaz Weightlifting Championships at the Meralco Gym in Pasig City. John Febuar Ceniza retained his title in ...

2nd-hand car business booms anew
philstar.com - 2018-07-28
MANILA, Philippines -- Car buyers are purchasing second hand units instead of brand new ones due to the higher excise tax slapped under the tax reform law that took effect at the start of the year. Fitzgerald Chee, head of Buenamano - under the strategic ...

Casinos, jewelers register with AMLC
philstar.com - 2018-07-28
ALMC welcomed the registration of Travellers International Hotel Group Inc., Widus International Leisure Inc. and Widus Philippines Inc., Bloomberry Resorts and Hotels Inc., Melco Resorts Leisure (PHP) Corp. and Tiger Resort Leisure and Entertainment Inc ...

Holcim posts lower profit in Q2
philstar.com - 2018-07-28
MANILA, Philippines -- Holcim Philippines Inc. reported a 30 percent ... s depreciation against the US dollar and tighter competition continued to impact our business performance in the second quarter," Stull said. Stull, however, still sees many ...

Renewable energy development still not a priority
philstar.com - 2018-07-28
MANILA, Philippines -- The Renewable Energy (RE) Act of 2008 has spurred the development of more cleaner energy resources, but not as much as it had hoped to do. The law is pushing the country to achieve energy self-reliance and reduce dependence on ...

F2 Logistics sweeps Petron, bags PSL crown
Rappler - 2018-07-28
MANILA, Philippines - F2 Logistics completed a sweep of Petron, 25-18, 23-25, 25-23, 25-18, in Game 2 of their best-of-3 finals to rule the Philippine Superliga (PSL) Invitational Conference on Saturday, July 28, at the Ynares Sports Center in Pasig City.

People & Events
The Visayan Daily Star - 2018-07-28
The Metrobank Foundation Inc. has announced the 19 finalists of the ... Carina De Los Santos - Uyugan Elementary School (Batanes), Carla Dimalanta - University of the Philippines-Diliman, Aimee Marie Gragasin - Philippine Science HS-Cagayan Valley ...

Emergency runway pushed amid repairs
philstar.com - 2018-07-28
CEBU, Philippines -- The construction of a parallel emergency runway at the Mactan-Cebu International Airport (MCIA) is being proposed while the main runway is shut down for resurfacing. GMR-Megawide Cebu Airport Corporation (GMCAC) is pushing for the ...

Coal plant project in La Union sparks protests
Rappler - 2018-07-28
This is why residents - represented by local environmental groups Save Luna and Koalisyon Isalbar ti Pintas ti La Union (Save the Beauty of La Union Coalition) - are opposed to Global Luzon Energy Development Corporation's (GLEDC) plan to build and ...

BDO earnings dip in Q2
BusinessWorld - 2018-07-28
"Despite the challenging macro environment, BDO will continue to capitalize on its strong business franchise and extensive distribution network, generate quality earnings driven by recurring income sources, as well as execute its growth strategy to ...

Blame game blows up over deadly Greek wildfires
Rappler - 2018-07-28
Experts have said that a mix of poor urban planning, including a lack of proper access routes and the construction of too many buildings next to combustible forest areas, contributed to what were Europe's worst wildfires this century. "The whole area needs ...

BSP sees shift to bonds, commercial papers as alternate funding source
philstar.com - 2018-07-28
MANILA, Philippines -- The Bangko Sentral ng Pilipinas (BSP) expects banks to shift to the issuance of bonds and commercial papers instead of long-term negotiable certificates of deposits (LTNCD) in tapping the domestic capital market. BSP Governor Nestor ...