SE Asia Stocks-Tumble on fresh trade war woes; Philippines worst hit
Reuters - 2 weeks ago
The Philippine index dropped 0.7 percent and is on track to snap five straight weeks of gains. Weakness in financial and industrial stocks hurt the index, with BDO Unibank Inc and SM Investment Corp dipping 1.4 percent and 1.2 percent, respectively.

Top Cases And Developing Trends In FCA Litigation: Part 1
Law360 - 2 weeks ago
The Eleventh Circuit affirmed on the AKS-exemption holdings. The appeals court ... Greenfield v. Medco Health , 880 F.3d 89 (3d Cir. 2018); Carrel v. AIDS Healthcare Foundation Inc. , 898 F.3d 1267 (11th Cir. 2018). [23] 880 F.3d 89, 91-92 (3d Cir.

DICT, Aboitiz sign MOU for telco common tower
Inquirer - 2 weeks ago
It said that through its sister company, AboitizPower, it can provide the expertise to find efficient solutions for the power requirements of the cellular towers. "The Aboitiz group possesses ...

PSE index retests 8,100 level
Inquirer - 2 weeks ago
Outside of PSEi stocks, notable gainers included PHA, which surged by 8.73 percent. PNB gained 4.81 percent, while Greenergy added 3.62 percent. On the other hand, GT Capital fell by 2.57 percent ...

Ayala electronics arm posts 34% profit growth
Inquirer - 2 weeks ago
Ayala-led electronics manufacturer Integrated Micro-Electronics ... executive officer Arthur Tan said: "2018 was a challenging yet exciting year. Although the company was affected financially ...

AC Energy eyeing to buy Malaya thermal plant
BusinessMirror - 2 weeks ago
AC Energy and Phinma Energy Corp. expressed interest in the plant. The two are currently working on a deal that will give AC Energy a 51.48-percent stake in Phinma Energy valued at P3.42 billion.

Tokyo court decision on ouster from OHL not yet final-Okada
BusinessMirror - 2 weeks ago
UEC owns Tiger Resort Asia Ltd., which controls Tiger Resort, Leisure and Entertainment Inc., the operator ... its backdoor listing bid at the Philippine Stock Exchange after it concluded the ...

LBC Ronda Pilipinas hits road today in Iloilo
philstar.com - 2 weeks ago
Local riders also expected to make a big splash are two-time Ronda champ Santy Barnachea and 2012 winner Irish Valenzuela of 7-Eleven. Apart from the total money purse worth P2.5 million including P100,000 apiece to the individual and team champions ...

CCLEC raises P19 billion to build first toll bridge in Cebu City
BusinessMirror - 2 weeks ago
and Security Bank Corp. This deal "assured" the "construction completion" of the Cebu-Cordova Link Expressway by 2021, the statement read. The project, a joint venture among the local ...

DICT inks deal with Aboitiz for telecommunications tower construction
CNN Philippines - 2 weeks ago
It might also tap its sister company, AboitizPower, to help power these towers. "The Aboitiz group possesses expensive experience in building and operating utility networks... moreover ...

Ronda gets going in Iloilo
BusinessMirror - 2 weeks ago
THE LBC Ronda Pilipinas 2019 starts on Friday in Iloilo City with local teams headed by Navy-Standard Insurance, Go for Gold and 7-Eleven Cliqq-Air21 by Roadbike Philippines aiming to fend off the ...

BDO Foundation, National University faculty help educate Filipino farmers
Sun Star - 2 weeks ago
THE Banco de Oro (BDO) Foundation, the corporate social responsibility (CSR) arm of BDO Unibank Inc. has partnered with the National University (NU) to bring financial education to Filipino farmers nationwide. NU, in a recently signed memorandum of ...

Fed, polls, oil revive demand for Southeast Asian stocks
BusinessWorld - 2 weeks ago
Stocks of fast food leader Jollibee Foods Corp., shopping mall owner SM Prime Holdings, Inc. and snacks maker Universal Robina Corp. are among those that have registered double-digit gains and outperformed the main index this year. In Thailand, the first ...

Ayala-led IMI earnings increase by 34% in 2018
BusinessWorld - 2 weeks ago
AYALA-LED Integrated Micro-Electronics, Inc. (IMI) reported a 34% increase in attributable profit for 2018, due to net gains from the sale of a China unit and other one-off transactions. In a disclosure to the stock exchange on Thursday, IMI said net ...

CCLEx concessionaire secures P19-B loan
BusinessWorld - 2 weeks ago
THE private concessionaire for the Cebu-Cordova Link Expressway (CCLEx) has secured a P19-billion loan facility with six local banks, which will partially fund the construction of the bridge project in the Visayas. Cebu Cordova Link Expressway Corp. (CCLEC ...

Tycoon asserts ownership of firms behind Okada Manila
BusinessWorld - 2 weeks ago
EMBATTLED Japanese gaming tycoon Kazuo Okada maintains that he is still the rightful owner of the companies behind Okada Manila, despite a Tokyo ruling affirming the validity of a trust agreement that led to his ouster in the companies. In a statement ...

Co-working space operator to open 8 more hubs in PHL
BusinessWorld - 2 weeks ago
MALAYSIA-BASED co-working space operator Common Ground is targeting to open at least 8 more hubs in the Philippines by the end of 2019. "We want to go as aggressive as Malaysia... Hopefully this year we can open at least eight more venues," Ana Lucia ...

UnionBank to roll out first virtual currency ATM
BusinessWorld - 2 weeks ago
UNIONBANK of the Philippines will launch a virtual currency ATM in Makati. UNIONBANK of the Philippines, Inc. is set to launch the first virtual currency automated teller machine (ATM) in the country, allowing customers to buy and sell digital units for cash.

Bago, Ayala partner to empower youth, develop educators
Sun Star - 2 weeks ago
THE Ayala Foundation has partnered with the Bago City Government for the implementation of programs intended for community-based youth leaders and educators from the public elementary school sector. The partnership was formalized through a community ...

Aboitiz Group unit, DICT sign MOU for telco common tower
philstar.com - 2 weeks ago
Aboitiz InfraCapital, through its sister company AboitizPower, seeks to provide the expertise to find solutions for the power requirements of the cellular towers. Part of Aboitiz InfraCapital's responsibilities is to secure a binding contract with telco ...

SunTrust and BB&T to merge in $66 billion deal
Chattanooga Times Free Press - 2 weeks ago
Southern regional banks BB&T and SunTrust are combining in an all-stock deal to create a new bank ... is a trust merger of equals, combining the best of both companies to create the premier financial institution of the future." The combined company ...

Kantar TNS reveals top-performing banks in past decade; BDO tops
BusinessMirror - 2 weeks ago
Government-operated banks such as the Philippine National Bank (PNB) and LandBank complete the top 5 list. Meanwhile, the study showed RCBC, RCBC Savings and Security Bank as having major gains on ...

PSEi climbs to 8,100 level ahead of BSP decision
BusinessWorld - 2 weeks ago
The benchmark Philippine Stock Exchange index (PSEi) bounced back to the 8,100 level ... Second-liners are still in the spotlight as blue chips take a break," Eagle Equities, Inc. Research Head Christopher John Mangun said in a separate e-mail.

Seminar: Proper utilization of maritime potentials stressed
Dhaka Tribune - 2 weeks ago
Prof Zahedur Rahman Chowdhury of the Institute of Marine Sciences and Fisheries, University of Chittagong, presented a paper on "Sustainable Management of Marine Living Resources of Bangladesh". Captain SM Jasimuzzaman presented his paper on "Maritime ...

LBC Ronda Pilipinas 2019 kicks off in Iloilo City
BusinessWorld - 2 weeks ago
THE LBC Ronda Pilipinas 2019 starts today in Iloilo City with local teams headed by Navy-Standard Insurance, Go for Gold and 7-Eleven Cliqq-Air21 by Roadbike Philippines aiming to fend off the strong foreign challenge. The Navymen will go for their sixth ...

China firm tapped to build $3.7-B Makati subway system
Inquirer.net - 2 weeks ago
Under the MoA, CCECC has to provide completion performance guarantee for the Makati subway project, subject to the completion of a financial, legal and technical due diligence. The parties aim to ...

Demand for condos at all-time high
Inquirer - 2 weeks ago
Integrated estates similar to those developed by Ayala Land and Eton Properties are thus seen to rise in Quezon City. Colliers also sees bright prospects for new residential towers in Ortigas to ...

Investments for OFWs
Inquirer - 2 weeks ago
Here are some banks offering UITFs: Metrobank, BDO, Union Bank, BPI, PNB, Chinabank, Security Bank, EastWest Bank. Given the propensity of OFWs to save their money in bank accounts, an investment ...

New Clark City taps Meralco as power supplier
philstar.com - 2 weeks ago
The consortium of Meralco, Marubeni Corp., Kansai Electric Power Co. Inc. and Chubu Electric Power Co. Inc. bagged the contract with an offer of P0.6188 per kilowatt hour (kwh) for the project, beating the P0.9888 per kwh bid of the Aboitiz-Kepco ...

Taxing the very rich
philstar.com - 2 weeks ago
According to Matthew Spencer of Oxfam: "The massive fall in the number of people living in extreme poverty is one of the greatest achievements of the past quarter of a century but rising ... including bank deposits, real estate, assets in insurance ...

Senate gives green light to Mislatel
philstar.com - 2 weeks ago
Philippine Telegraph & Telephone Corp. (PT&T) and the SEAR Telecom, were deemed to have failed to meet requirements set by the two agencies. The resolution, which was adopted at the House of Representatives in December, was seen to cure the legal and ...

Airbus sees Philippines as aviation investment destination
philstar.com - 2 weeks ago
MANILA, Philippines -- The Philippines, with its continuing economic expansion and population growth, is now seen as the best place to invest in Asia as far as the aviation industry is concerned, an executive from European aerospace giant Airbus said.

Navy launches title drive
philstar.com - 2 weeks ago
Gorrantes, however, sees an ultra-tough competition as they will compete against strong local teams like Go for Gold, 7 Eleven, Team Franzia, Bike Xtreme, Team Tarlac and Army Bicycology and stronger international squads Terengganu, Matrix, Nex Cycling ...

Pushing Manila Bay to its final sunset
philstar.com - 2 weeks ago
But beach crowds have taken to the filthy water in the wake of media releases that the administration has ... Bulacan (1,168 ha), Las Piñas-Parañaque Coastal Bay (635 ha), SM Prime Holdings (300 ha and 60 ha), Bacoor City (944 ha), and Cavite Coast ...

AC Energy studies options on oil, gas assets
philstar.com - 2 weeks ago
MANILA, Philippines -- AC Energy Inc., the energy platform of the Ayala conglomerate, will study its options on the oil and gas assets of Phinma Energy Corp. once it closes the deal by the middle of the year. The company is focusing on the development of ...

Meralco-led consortium to supply power to New Clark City
BusinessWorld - 2 weeks ago
MANILA Electric Co. (Meralco) has received the notice of award from the Bases Conversion and Development Authority (BCDA) for power distribution in New Clark City, an official of the company said. "We received notice of award," Lawrence S. Fernandez ...

Phinma finalizing acquisition of Indonesian school this year
BusinessWorld - 2 weeks ago
"We continue to be on the lookout for significant acquisitions, including one in Metro Manila," he said. Phinma owns six universities and colleges, namely Araullo University ... he said in an interview in Quezon City on Monday. In the January to ...

Stock market for ordinary investors
BusinessMirror - 2 weeks ago
YOU may have heard this phrase supposedly uttered by Eleanor Roosevelt: "Great minds discuss ideas; average minds discuss events; small minds discuss politics." Maybe I copied and pasted that ...

Former Tour champs in the mix
BusinessMirror - 2 weeks ago
Aside from Team Franzia, the host Philippines will field in a competitive group of riders spearheaded by Continental teams Go for Gold and 7 Eleven Cliqq. The other local squads are Bike Xtreme ...

P.S.A. individual awards for Fajardo, 3 others
BusinessMirror - 2 weeks ago
Highlight of the affair also presented by the Philippine Basketball Association, NorthPort, Rain or Shine, ICTSI, SM Prime Holdings and Chooks To Go is the awarding of the coveted PSA Athlete of ...

AC Energy to get over 50% stake in Phinma Energy
BusinessMirror - 2 weeks ago
After the sale, PHEN will focus on its education and construction-materials business. PHEN has an attributable generation capacity of 472 megawatts (MW). It is the third-largest stand-alone retail ...

Tiger Resort nominees take over Asiabest board seats
BusinessMirror - 2 weeks ago
THE nominees of Hong Kong-based Tiger Resort Asia Ltd., which owns the local operator of Okada Manila, on Wednesday said it has taken over the board of directors of Asiabest Group International ...

Meralco bags deal to supply power to New Clark City
BusinessMirror - 2 weeks ago
besting the P0.9888/kwh proposal by the Aboitiz-Kepco Consortium of the Olongapo Energy Corp. and Kepco Philippines Holdings Inc. The 9,450-hectare New Clark City, located within the Clark special ...

P15.5-billion Nlex segment linking Port Area to Valenzuela City completed
BusinessMirror - 2 weeks ago
Manuel V. Pangilinan, who chairs Metro Pacific Investments Corp., said his group is just awaiting the schedule of President Duterte for the ceremonial opening of the Nlex Harbor Link Segment 10 ...

NLEX Harbor Link Segment 10 to open by end-Feb.
BusinessWorld - 2 weeks ago
AFTER a two-month delay, NLEX Corp. said it is looking to open the North Luzon Expressway (NLEX) Harbor Link Segment 10 before the end of February. Manuel V. Pangilinan, chairman of NLEX parent company Metro Pacific Investments Corp. (MPIC), told reporters ...

Amdocs to help Globe modernize platforms
BusinessMirror - 2 weeks ago
SOFTWARE provider Amdocs is equipping Filipino telco Globe Telecom Inc. with a network solution that will help the latter modernize and automate its platforms and processes for its enterprise ...

Amdocs to equip Globe with VNO solution for enterprises
newsbytes.ph - 2 weeks ago
US-based telecom software maker Amdocs has announced that it will equip local carrier Globe Telecom with a network technology solution that will modernize and automate its platforms and business ...

FAST FACTS: Mislatel, the new major telco player
Rappler - 2 weeks ago
MANILA, Philippines - The Mislatel consortium is a step closer to starting its rollout plans after the Senate effectively cleared its franchise problems on Wednesday, February 6. It aims to break the duopoly of Smart Communications and Globe Telecom, and ...

Fajardo, three others to get special awards
Journal - 2 weeks ago
Etheridge meanwhile, is the 2018 Mr. Football. The 6-foot-5 Santiago won UAAP Season 80 MVP while steering the National University Lady Bulldogs to a Final Four stint. She was also a member of the national team to the Asian Games and Asia Cup, respectively ...

Natural Gas in the Philippines
Rappler - 2 weeks ago
The movement is very much felt in the Philippines. Cities like Makati and Mandaluyong ... threatening us with floods and more intense weather occurrences. Surely, there is something more that we can do. From ditching plastics to opting for a cleaner ...