INSURER SUN LIFE FINANCIAL
Economic Times - 2018-08-06
The LIC board had proposed investing in IDBI Bank, which has been approved by Irda with certain terms and conditions. Some people are better investors because they know how to extract more from every rupee. ET Wealth explains consequences of right and ...

MPIC eyes own hospital
philstar.com - 2018-08-05
MANILA, Philippines -- Metro Pacific Investments Corp. (MPIC), the infrastructure conglomerate chaired by tycoon Manuel V. Pangilinan, is studying the viability of putting up its own hospital on top of acquiring existing ones. Metro Pacific Hospital ...

ROW problems to delay start of NLEX connector project
philstar.com - 2018-08-05
MANILA, Philippines -- Metro Pacific Investments Corp. (MPIC) unit NLEX Corp. said it may be able to start with the construction of the North Luzon Expressway - South Luzon Expressway (NLEX-SLEX) connector road project only in the first quarter of next ...

Economists expect fresh rate hike
BusinessWorld - 2018-08-05
An equivalent of strong response would be, to me, a 50 basis points hike," said Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines. BSP Governor Nestor A. Espenilla, Jr. has hinted of a "strong follow-through" policy action ...

Poll sees Q2 GDP growth still robust
BusinessWorld - 2018-08-05
Ruben Carlo O. Asuncion, chief economist at the Union Bank of the Philippines (UnionBank) gave an estimate of seven percent with the growth projection coming mainly from "increasing government consumption and investment." "The medium-term economic ...

Alsons to raise P2.5 billion from commercial paper issuance
BusinessWorld - 2018-08-05
ALSONS CONSOLIDATED Resources, Inc. (ACR) looks to raise P2.5 billion from the issuance of commercial papers in the next three years, with the first tranche to be used for the construction of its Siguil hydropower plant. The listed firm filed its ...

Visayas swing up
BusinessMirror - 2018-08-05
THE men of the Philippine Golf Tour (PGT) gear up for another grueling southern campaign with a four-leg Visayan swing on tap beginning with the International Container Terminal Services Inc. (ICTSI) Bacolod Golf Challenge on Wednesday at the Bacolod Golf ...

Best and worst airlines, airports
BusinessMirror - 2018-08-05
Its sixth annual survey used data from the first quarter of the year to rank the 72 international airlines for which the company had statistically significant data. Before we get all excited--or disappointed as the case may be--there were no Philippine ...

Alsons to issue P2.5-billion commercial papers
BusinessMirror - 2018-08-05
ALSONS Consolidated Resources Inc., the holding firm of the Alcantara group, has filed for a P2.5-billion shelf registration of commercial papers with the Securities and Exchange Commission, more than half of which will be sold immediately to the market.

Gen Z has arrived
BusinessMirror - 2018-08-05
Bong R. Osorio is a communications consultant of ABS-CBN Corp., SkyCable, Dentsu-Aegis Network, government projects among others, after retiring as vice president and head of the Corporate Communications Division of ABS-CBN.

Displaced PLDT workers cry foul over CA ruling on regularization order
CNN Philippines - 2018-08-05
Metro Manila (CNN Philippines, August 5) -- Employees of a telecommunications company are disappointed after the Court of Appeals (CA) blocked the Labor Department's regularization order. [Translation: We are angry at this decision. We are very angry, why ...

3 Things You Need to Know About Start-Up Exits
BusinessMirror - 2018-08-05
There is an adage that says failing to plan is planning to fail. This applies well to start-up entrepreneurs who must think ahead in scaling a business, making sure that every step leads to growth and profitability. Even in the early stages of laying the ...

F2 logistics wants volley grand slam
thestandard.com.ph - 2018-08-04
F2 Logistics, recent winner of the Pilipinas Super Liga Invitational Conference after beating rival Petron in the finals, is eyeing a new goal. "It is a dream for us to win a Grand Slam in the future. Definitely, it will be tough to achieve this ...

PSHS teener invents air-con with air as medium
BusinessMirror - 2018-08-04
In Photo: Maria Yzabell Angel V. Palma (left), Philippine Science High School (PSHS)-Bicol region campus alumna and inventor of AirDisc Air Conditioning Technology, talks about her brainchild. Listening to her are PSHS System Executive Director Lilia T.

The muse of our history
philstar.com - 2018-08-04
Only through this would their texts be called muses - lodestar and light for readers across the ages. Legends & Adventures by Carmen Guerrero Nakpil was written in the same vein. This is the second part in her much-awaited trilogy of memoirs. The first ...

How families in Cabiao, Nueva Ecija's poor village got homes, education
Rappler - 2018-08-04
This enabled students to have increased access to knowledge and information. Meanwhile, the Polytechnic University of the Philippines built a satellite school in the town that provides full college scholarships. "Dati sinisipon lang ako. Ngayon nakapag ...

Filipino IT luminary
philstar.com - 2018-08-04
His elementary years were spent at the Dominican School and then he moved to Ateneo de Manila. He was into the arts, but his Dad convinced him to study Computer Engineering ... the Healthcare Information Management Association of the Philippines and ...

Cement firm moves coal stockpile after spill
Philippine Daily Inquirer - 2018-08-04
DAGUPAN CITY--Cement manufacturer Holcim Philippines Inc. has moved its temporary coal stockpile to enclosed storage areas and put up three additional siltation ponds to prevent a repeat of a coal spill that polluted the shores of Bacnotan town in La ...

Metro Pacific upbeat on tollroad settlement
Manila Standard Today - 2018-08-03
Metro Pacific Investments Corp. said it expects to reach a settlement with the government over the delayed tariff adjustment on its tollroad business within the year. Metro Pacific president and chief executive Jose Ma. Lim said in a recent press briefing ...

Philippine businesses cashing in on diaspora spending
East Asia Forum - 2018-08-03
Real estate companies such as Rockwell, Century Properties, Filinvest Land and Ayala Land sent teams of sales representatives overseas to target potential Philippine buyers in the United States, Canada, the United Kingdom, Dubai and Singapore. Between 2004 ...

Analysts: BSP to raise interest rates by 50 basis points
CNN Philippines - 2018-08-03
The interest rate is currently set at 3.5 percent. Security Bank Economist Angelo Taningco said that he expects another 50 basis point increase in interest rates to curb inflation. He also said that inflation would quicken to 5.7 percent in July.

Big dreams, bigger challenges
BusinessMirror - 2018-08-03
He believes the government must revisit regulatory policies to help the new entrant compete effectively against incumbents PLDT Inc. and Globe Telecom Inc. "Any new entrant will still have to cope with a regulatory environment that favors the dominant ...

ICTSI helps bankroll Go Negosyo programs nationwide
BusinessMirror - 2018-08-03
GLOBAL port operator International Container Terminal Services Inc. (ICTSI) is once again helping to bankroll the ongoing programs of Go Negosyo, a ranking official of the company said . This is the second time in a row the Enrique K. Razon-led company ...

Can boats on Pasig River contribute to solving Metro Manila traffic?
InterAksyon - 2018-08-03
She ended up being dropped off in Barangay Buayang Bato on the other side of the Pasig River and tried to look for a way to go to Cityland Pioneer. Flores, in a separate tweet, pointed to the defunct Pasig River Ferry transporting people along the river as ...

Bersola rejoins Banko Perlas in PVL
philstar.com - 2018-08-03
BPI Direct BanKo, Inc., a subsidiary of the Bank of the Philippine Islands, began supporting the team last year to promote the sport natoonwide and reach out to just as skilled, talented and hardworking micro entrepreneurs. It focuses on delivering ...

ABS-CBN, GMA clash over TV ratings in July
BusinessWorld - 2018-08-03
Local current subscribers include Peoples Television Network Inc., Viva Communications Inc., and Solar Entertainment Corporation, while international subscribers include Turner Broadcasting System Asia, Google Asia Pacific Pte Ltd, Home Box Office ...

Alternergy seeks ERC approval for transmission line
BusinessWorld - 2018-08-03
ALTERNERGY Sembrano Wind Corp. (ASWC) is seeking regulatory approval for its plan to build a point-to-point transmission facility to connect its 81-megawatt (MW) wind power plant to the power line of the Manila Electric Co. (Meralco). ASWC holds a wind ...

Alternergy seeks ERC approval to connect wind farm to Meralco line
BusinessWorld - 2018-08-03
Alternergy Sembrano Wind Corp. (ASWC) is seeking regulatory approval to build a point-to-point transmission facility that will connect its 81-megawatt (MW) wind power plant to the power line of the Manila Electric Co. (Meralco). ASWC, an expansion of the ...

5 questions that need to be answered about the Mental Health Law
philstar.com - 2018-08-03
I (thought I have) no way out of this," the 19-year-old multimedia arts student from De La Salle-College ... seat in schools because of differing priorities. Rhia Joson, a guidance counselor at Don Alejandro Roces Sr. Science-Technology High School ...

Bank guards involved in Metrobank Tuguegarao robbery
Rappler - 2018-08-03
CAGAYAN, Philippines - The security guards of Metrobank's Tuguegarao main branch allegedly conspired with the robbers who stole more than P21 million from the bank on Tuesday, July 31, police said. Cagayan police made the statement on Friday, August 3 ...

Bank guards involved in Metrobank Tuguegarao robbery
Rappler - 2018-08-03
CAGAYAN, Philippines - The security guards of Metrobank's Tuguegarao main branch allegedly conspired with the robbers who stole more than P21 million from the bank on Tuesday, July 31, police said. Cagayan police made the statement on Friday, August 3 ...

Huge step towards disaster resilience
philstar.com - 2018-08-03
and the wherewithal to take charge of the disaster risk reduction, preparedness, and response, with better recovery and faster rehabilitation." I also hope it will welcome and, in fact, facilitate critical contributions to risk reduction and resilience ...

DOE collaborates with MERALCO to intensify E-Safety principle promotion
Philippine Information Agency - 2018-08-03
Cusi said they are working towards an energy safe and resilient Philippines that is why ... Antonio Abuel Jr. (center-right), the DOE's technical staff, representatives from the MERALCO Power Academy and the Institute of Integrated Electrical Engineers.

DOE collaborates with MERALCO to intensify E-Safety principle promotion
Philippine Information Agency - 2018-08-03
TAGUIG CITY, Aug. 2 (PIA)--To further promote electrical safety practices in the country, the Department of Energy (DOE), the Manila Electric Company (MERALCO) and some key experts met to discuss the Kuryenteng Ligtas Program (K-Ligtas) which enhances the ...

Toyota sees 17% decline in output
philstar.com - 2018-08-02
MANILA, Philippines -- The local unit of Japanese automotive giant Toyota Motor Corp. expects a 17 percent reduction in production output this year due to weak demand for cars, but is hopeful improvements can be seen next year. Toyota Motor Philippines ...

Teaching young ones the value of money
thestandard.com.ph - 2018-08-02
It helps children understand their money will grow over time as long as they keep saving. Rizal Commercial Banking Corp., one of the leading universal banks in the country, understands that parents should shape their kids to become smart young investors.

PLDT Enterprise celebrates Filipino excellence with '18 MVP Bossing Awards
thestandard.com.ph - 2018-08-02
Initiated by PLDT SME Nation, the MVP Bossing Awards is now on its 8th year and has recognized over 80 iconic business leaders throughout its history. Most recently, Tony Tan Caktiong, Chairman, and Founder of Jollibee Foods Corporation was named 2016 ...

Contractor blamed for Mactan airport flooding
philstar.com - 2018-08-02
MANILA, Philippines -- GMR Megawide Cebu Airport Corp. (GMCAC) has blamed incorrect installation ... the continuous heavy rains in Cebu have been severely affecting construction," it added. GMCAC said it is working on solutions that would ensure that ...

Ongpin cleared of insider trading
philstar.com - 2018-08-02
MANILA, Philippines -- The Court of Appeals (CA) has junked with finality the multiple counts of insider trading cases against former trade minister Roberto Ongpin involving his shares in Philex Mining Corp. In a five-page resolution released yesterday ...

Duterte vows safe business climate for investors
philstar.com - 2018-08-02
MANILA, Philippines -- As the top economic managers aggressively work for congressional approval of the second tranche of the tax reform package this year, President Duterte has vowed to protect businesses in the country by ensuring they will enjoy a ...

Water concessionaires seek to raise rates to fund P183-B capex
BusinessWorld - 2018-08-02
On Aug. 1, the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) posted the separate business plans of the two companies for the fifth regulatory period covering 2018 to 2022. Included in the plans are the projected spending for the ...

A (nearly non-political) portrait of Davao
BusinessWorld - 2018-08-02
FORGET, for a moment, that Davao City is the hometown of President Rodrigo R. Duterte. Ignore that the city has been touted by its former longtime mayor as "Exhibit A" for his kind of governance. Now... think of nature -- of flowers and fruits, of ...

Metro Pacific core profit jumps 10% in 1 st half
BusinessWorld - 2018-08-02
MPIC is one of three key Philippine units of First Pacific, the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has a majority stake in BusinessWorld ...

MPIC unit completes deal for 12% stake in Air21
BusinessWorld - 2018-08-02
THE logistics unit of Metro Pacific Investments Corp. (MPIC) has completed its acquisition of a 12% stake in logistics services provider Air21, in line with its goal to become the leading player in the sector within the next two years. Metropac Movers ...

Security Bank rationalizes branches in digital push
BusinessWorld - 2018-08-02
SECURITY BANK Corp. is easing its branch expansion as it rationalizes its existing network amid its digitalization push. Alfonso L. Salcedo, Jr., Security Bank president and chief executive officer, said the bank will open less branches this year as it ...

Ongpin cleared of insider trading raps in Philex case
BusinessMirror - 2018-08-02
THE Court of Appeals has affirmed its ruling clearing businessman Roberto Ongpin of 174 counts of insider trading involving Philex Mining Corp. shares back in 2009. In a five-page resolution penned by Associate Justice Ma. Luisa Quijano-Padilla ...

Emperador income grows 19% to P3.2B in H1
BusinessMirror - 2018-08-02
LIQUOR maker Emperador Inc. said its income rose 19 percent during the first six months of the year, as international sales helped cushion the impact of a softening domestic market. The company said its income for the period reached P3.2 billion ...

CA affirms decision clearing Roberto Ongpin of insider trading
Rappler - 2018-08-02
MANILA, Philippines - The Court of Appeals (CA) affirmed a ruling clearing businessman Roberto Ongpin of 174 counts of insider trading involving Philex Mining Corporation shares in 2009. The five-page resolution made public on August 2 - penned by ...

P1-B enhancement program seeks to decongest Cavitex
BusinessMirror - 2018-08-02
MPT South is a unit of Metro Pacific Investments Corp., the largest tollways holding company in the Philippines. Aside from its local expressways, the infrastructure conglomerate also has interests in toll-road companies in Indonesia, Vietnam and Thailand.

Megawide begins measures to control flooding in Mactan-Cebu airport terminal
BusinessMirror - 2018-08-02
MEGAWIDE Construction Corp. has initiated temporary measures to resolve the flooding problem at the second terminal of the Mactan-Cebu International Airport, while targeting to rectify the gutter-drainage problems in the facility sometime this month.