Cebu gets 3rd bridge; and a 4th bridge?
philstar.com - 2018-07-11
Rodrigo Duterte and his Cabinet swooped down to the Mactan Cebu International Airport (MCIA) for the formal blessing of the Terminal 2 done by the GMR-Megawide Group ... Link Expressway Corp. (CCLEx) started its official construction date.

MEGAWIDE CONSTRUCTION CORPORATION
Economic Times - 2018-07-11
GMR Infra led consortium won the contract to expand and modernize Mactan-Cebu airport on BOT basis for 25 years. GMCAC shall be responsible for construction, development, renovation, expansion and operation of the Mactan Cebu International Airport for a ...

Stock market rises; Wellex jumps
Manila Standard Today - 2018-07-10
Wellex Industries Inc. of the Gatchalian Group, jumped 21.9 percent to P0.39. The Gatchalian family may now pursue the planned development of its 17-hectare "Plastic City" estate in Valenzuela City in joint venture with Ayala Land Inc. The possibility ...

Stock market rises; Wellex jumps
Manila Standard Today - 2018-07-10
Wellex Industries Inc. of the Gatchalian Group, jumped 21.9 percent to P0.39. The Gatchalian family may now pursue the planned development of its 17-hectare "Plastic City" estate in Valenzuela City in joint venture with Ayala Land Inc. The possibility ...

Auction of frequencies to benefit PLDT-Globe duopoly, claims DICT
Manila Standard Today - 2018-07-10
The Department of Information and Communications Technology said bidding out the frequencies in selecting a third telecommunications player would only benefit the duopoly of PLDT Inc. and Globe Telecom Inc. "Some argue that auctioning the frequencies in ...

Trade gap in May widest in 5 months
philstar.com - 2018-07-10
"I think the low export supply was due to strong domestic demand for manufactured goods and weak production of agro-based exports," said Angelo Taningco, economist at Security Bank Corp. "Moreover, strong import demand was on the back of huge requirements ...

Megaworld unit acquires Stateland
philstar.com - 2018-07-10
In a disclosure to the Philippine Stock Exchange (PSE) yesterday, Megaworld said the acquisition was made by its wholly owned subsidiary Suntrust Properties Inc. Suntrust acquired Stateland, a 42-year old real estate company known for building affordable ...

ArcelorMittal to NCLAT; The company was eligible to bid for Essar Steel
Economic Times - 2018-07-10
Also, JSW joined Numetal for the bid. ArcelorMittal today said it was eligible under the Insolvency & Bankruptcy Code to bid for Essar Steel as it was not a promotor of Uttam Galva and KKS Petron, and had already offloaded its shares before submission of ...

May trade gap widest so far for 2018
BusinessWorld - 2018-07-10
Michael L. Ricafort, economist at Rizal Commercial Banking Corp. (RCBC), said that the slower import growth during the month may be due to the weaker peso exchange rate versus the dollar and higher prices of global commodities including crude oil.

SMC proposes to build Caticlan-Boracay bridge
BusinessWorld - 2018-07-10
DIVERSIFIED conglomerate San Miguel Corp. (SMC) will be submitting today an unsolicited proposal to the government for a P3-billion bridge connecting Caticlan to Boracay island. "We are going to submit the proposal for the unsolicited offer to build the ...

Megaworld acquires South Luzon-based company
BusinessWorld - 2018-07-10
In a statement issued Tuesday, Megaworld said its wholly owned unit Suntrust Properties, Inc. recently acquired Stateland, Inc. The financial details of the deal were not disclosed. The 42-year old Stateland has existing developments covering over 200 ...

DPWH says finalizing approval of CTBEx
BusinessWorld - 2018-07-10
MPCALA Holdings, which is part of Metro Pacific Investments Corp. (MPIC), bagged the contract for the P35.43 billion CALAX under the public-private partnership program in 2015. MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co ...

BPI eyes increased use of electronic channels
BusinessWorld - 2018-07-10
BANK of the Philippine Islands (BPI) wants to double the number of clients using electronic channels in the next five years as it ramps up its digitalization push. In a statement Tuesday, the Ayala-led bank said it aims to raise the number of clients who ...

SMC aims for stronger finish, expects major projects to complete in 2018
CNN Philippines - 2018-07-10
Metro Manila (CNN Philippines, July 10) -- Diversified conglomerate San Miguel Corp. (SMC) expects two major projects to be completed by the end of the year. During the annual stockholders meeting of Top Frontier Investment Holdings, Inc. (TFIH) on ...

What territory are you referring to President Xi?
BusinessWorld - 2018-07-10
This ruling was based on the assumption that the Convention was designed to be comprehensive in nature regarding rights within maritime zones means that rights of the other South China Sea coastal states within their EEZs and continental shelf areas leaves ...

PHL nickel ore exports seen down by a quarter
BusinessMirror - 2018-07-10
"I think we will be exporting lower [volume this year] due to lower prices, especially for low-grade [ores]," Bravo, who is also the president of Global Ferronickel Holdings Inc., said in a news briefing in Quezon City on Tuesday. "A lot of local ...

All is set for first-ever Tough Mudder Philippines
BusinessWorld - 2018-07-10
A FRESH challenge to the sport and healthy lifestyle scene in the country is set to be unfurled later this month with the holding of the first-ever Tough Mudder Philippines. Set for July 21-22 at Portofino Amore in Alabang, the event, which will also be ...

SMC to submit P3-billion Caticlan-Boracay bridge proposal
BusinessMirror - 2018-07-10
"The bridge will be made of concrete and be high enough so that ships can pass below it," he said at the sidelines of the stockholders meeting of Top Frontier Investment Holdings Inc., a company that owns a significant chunk of the conglomerat

Lawmaker disputes claim of Neda officials weakening of peso no cause for alarm
BusinessMirror - 2018-07-10
in Photo: A teller of Citystate Savings Bank in Makati counts money in this file photo. Sen. Panfilo M. Lacson Sr. chided Socioeconomic Planning Secretary Ernesto M. Pernia and Budget Secretary Benjamin E. Diokno for saying that the depreciation of the ...

PHL stocks climb as trade war fears overseas ease
BusinessWorld - 2018-07-10
Eleven of the 20 most actively traded stocks rose on Tuesday, led by Metropolitan Bank & Trust Co., which added 1.4% to P68.80 each, and Ayala Corp., gaining 2.04% to P924 apiece. Foreign investors remained in a net selling position, albeit thinner at P509 ...

Tony Lascuña aims to end winless campaign at ICTSI Forest Hills Championship
BusinessMirror - 2018-07-10
In Photo: Tony Lascuña hopes to end a long winless campaign in the Forest Hills Championship. Tony Lascuña hopes to end a long winless campaign with a victory at the International Container Terminal Services Inc. (ICTSI) Forest Hills Championship, armed ...

Supreme Court OKs charges vs fake Legacy Bank insurance claimants
Rappler - 2018-07-10
Also indicted before was Rizal Commercial Banking Corporation (RCBC) Bacolod Main branch manager Andrew A. Jereza. When the PDIC issued checks to the insurance claimants, there was instruction that the check be deposited to the account of the payee only.

PSEi buoyed by Wall Street gains
BusinessWorld - 2018-07-10
Advancers outpaced decliners, 113 to 73, while 54 issues were unchanged. Eleven of the 20 most actively traded stocks rose on Tuesday, led by Metropolitan Bank & Trust Co., which added 1.4% to P68.80 each, and Ayala Corp., gaining 2.04% to P924 apiece.

Electric vehicle sales continue growing thanks to public, private initiatives
BusinessWorld - 2018-07-10
UNIOIL Petroleum Philippines, Inc. opened its second electric vehicle charging station along EDSA in Guadalupe, Makati City. -- VICTOR V. SAULON Electric vehicle (EV) sales this year will continue growing thanks to ongoing public and private initiatives ...

Megaworld Corp. acquires real estate firm Stateland
BusinessWorld - 2018-07-10
In a statement issued Tuesday, Megaworld said its wholly-owned unit Suntrust Properties, Inc. (SPI) recently acquired Stateland, Inc. The 42-year old real estate firm has existing developments covering over 200 hectares primarily in Cavite and Laguna ...

Traders' Diary: Nifty50 registers a decisive breakout
Economic Times - 2018-07-10
Maha Rashtra Apex Corporation, Orissa Minerals Development Company ... Karnataka Bank, Apollo Tyres, Oriental Bank of Commerce and Mahindra & Mahindra. The counter of Uttam Value Steels, with over 1.76 crore shares changing hands, was buzzing as the ...

Concerns deepen over trade war impact on ASEAN, JCER survey says
Nikkei Asian Review - 2018-07-10
The increase is partly due to tax reforms in January and may prove temporary, but "the upward pressure may continue because of fluctuation in global oil prices," said Carlo Asuncion of Union Bank of the Philippines. All economists foresee a weaker peso ...

SUN LIFE FINANCIAL INC
Economic Times - 2018-07-10
The sale process, which started over a year ago, has seen interest from several insurance companies and private equity funds.

P40-B horse racing industry is dying
Philippine Daily Inquirer - 2018-07-09
Metro Turf Batangas, Manila Jockey Club and Philippine Racing Club in Cavite have registered declining horse racing bets: Down by 15.05 percent in February, 25.40 percent in March, 17.92 percent in April, and minus 22.71 percent in May, says the Philippine ...

DOH interns hold medical mission in Iloilo
Manila Standard Today - 2018-07-09
In a bid to provide healthcare to the underserved communities of Batad in Iloilo, post-graduate interns of the Department of Health Philippine Centers for Specialized Health Care internship program partnered with Pepsi-Cola Products Philippines Inc. to ...

Luisita farmers enraged at SC reso
Bulatlat - 2018-07-09
Luisita farmworkers are seeing the connivance of President Duterte, the Cojuangco-Aquinos and the Lorenzos who own 51 percent of the Central Azucarera de Tarlac (CAT) in Hacienda Luisita. The group recalled that the husband of Sara Duterte, Manases Carpio ...

Gas prices up for 2nd straight week
philstar.com - 2018-07-09
... Philippines Inc., Pilipinas Shell Petroleum Corp. and PTT Philippines Corp. implemented their respective price adjustments at 6 a.m. Meanwhile, Caltex, Eastern Petroleum, Petron Corp., Seaoil Philippines Inc., Total Philippines Corp. and UniOil ...

CTA orders Makati treasurer to refund P6.8M to Metro Pacific
BusinessWorld - 2018-07-09
Metro Pacific Investments Corp. is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., the others being Philex Mining Corp. and PLDT, Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings ...

LIST: 10 monsoon season must-haves
philstar.com - 2018-07-09
Solar Digital Media Holdings, Inc., a subsidiary of Solar Entertainment ... especially during the rainy days when it is harder to wash and dry clothes, global appliance company Electrolux Philippines, together with its supply chain partner CEVA Philippines ...

Best of Cebu Party this July 13
Sun Star - 2018-07-09
With the awards event on its fifth year, nothing spells out success and a promising road ahead better than a celebration fit for the people of the Queen City of the Philippines ... tapped the talents of Southwestern University-Phinma for a larger than ...

What it takes to be an AAA Renaissance Cebuana
Sun Star - 2018-07-09
Sounding like a wise feminist, the Aeronautical Engineering student from Cebu Aeronautical Technical School, also topped the quiz bee, saying she read articles and books to prepare for it. Hoping to make it to the final round--the artistic round--Papa said ...

Oil companies raise fuel pump price for second time this month
BusinessMirror - 2018-07-09
Phoenix Petroleum, PTT Philippines, PetroGazz, Flying V said in separate advisories that gasoline prices will increase by P0.40 per liter and diesel by P0.35 per liter effective 6 a.m. Pilipinas Shell will also implement the same price adjustment.

P23.3-billion expressway connector project on track-Metro Pacific
BusinessMirror - 2018-07-09
Metro Pacific Investments Corp. is mobilizing initial civil works for the P23.3-billion Connector Road, in time for the full-blast construction of the said highway in the first half of 2019. Rodrigo E. Franco, who sits as president at Metro Pacific ...

When parents leave a 2-year-old child inside a car at Metrowalk
InterAksyon - 2018-07-09
Metrowalk, a dining destination along Meralco Avenue in Pasig City, as seen in this March 2017 snapshot on Google Streetview. A video of a crying two-year-old child left inside an unattended car has sparked a conversation about unlawful acts against children.

When parents leave a 1-year-old child inside a car at Metrowalk
InterAksyon - 2018-07-09
Metrowalk, a dining destination along Meralco Avenue in Pasig City, as seen in this March 2017 snapshot on Google Streetview. (Updated, July 11, 8:12 p.m.) A video of a crying one-year-old child left inside an unattended car has sparked a conversation ...

In the doldrums?
BusinessMirror - 2018-07-09
In a speech at the National Information and Communications 2018 Summit, President Duterte used the word "doldrums" to describe current economic activity, particularly in the provincial areas. "Now, the economy is in the doldrums, actually [it is ...

Can DOT chief clean up her agency?
BusinessMirror - 2018-07-09
Newly installed Tourism Secretary Bernadette Fatima Romulo Puyat needs all the help she can get from the Duterte administration--and the people under her--in the gargantuan task of eliminating the contagion of graft and corruption in her own turf.

FLI targets start-up families in new Gen. Trias, Cavite devt
BusinessMirror - 2018-07-09
GOTIANUN-LED Filinvest Land Inc. (FLI) said it is targeting start-up families for its new project in General Trias, Cavite, which will be built by its affordable housing brand. Rey Ascaño, FLI senior vice president for the southwest cluster, said the ...

Philippines competition watchdog takes on Duterte's acquisitive friend
Nikkei Asian Review - 2018-07-09
The commission said Chelsea's control of both 2GO and Trans-Asia "would lead to a substantial lessening of competition" in certain shipping routes in central Philippines ... has challenged deals made by powerful business groups ever since its establishment ...

Philippines, Resorts World Manila Rebound From Deadly Attack
Forbes - 2018-07-09
He expects tourism and gaming to continue their long term upward trends as the Philippine economy heads toward a seventh consecutive year growing 6% or better, and tourist arrivals from China soar, aided by warming bilateral relations and eased visa rules.

Megawide, Filinvest agree to settle dispute on P800-million fees
thestandard.com.ph - 2018-07-09
Construction company Megawide Construction Corp. and developer Filinvest Land Inc. are close to signing an amicable settlement over an P800-million collection case. Megawide chief finance officer Oliver Tan said a settlement could be finalized within the ...

Stocks to retreat amid trade war
thestandard.com.ph - 2018-07-09
Weekly top price gainers were Wellex Industries Inc., which rose 32 percent to P0.310; Globe Telecom Inc., which advanced 8.2 percent to P1,667; and Robinsons Retail Holdings Inc., which climbed 5.6 percent to P83.95. The weekly top price losers were ...

Globe Telecom sets up new company for tower assets
thestandard.com.ph - 2018-07-09
Globe Telecom has taken a step forward to fulfill its plans to divest its tower assets. This is in line with the company's thrust to continuously improve internet connectivity in the Philippines. On Thursday, July 5, Globe disclosed to the Philippine Stock ...

PLDT activates fiber broadband lines in El Nido, Palawan
newsbytes.ph - 2018-07-09
Local operator PLDT has started offering commercial fiber plans in El Nido, Palawan after firing up its initial fiber facilities in the area. Since linking the Palawan region to its Domestic Fiber Optic Network (DFON) backbone, PLDT has been gradually ...

Stocks to retreat amid trade war
Manila Standard Today - 2018-07-08
Weekly top price gainers were Wellex Industries Inc., which rose 32 percent to P0.310; Globe Telecom Inc., which advanced 8.2 percent to P1,667; and Robinsons Retail Holdings Inc., which climbed 5.6 percent to P83.95. The weekly top price losers were ...