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 ...

Megawide, Filinvest agree to settle dispute on P800-million fees
Manila Standard Today - 2018-07-08
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 ...

CA may stop suspension orders vs ERC commissioners
philstar.com - 2018-07-08
MANILA, Philippines -- The Court of Appeals (CA) may still stop the second suspension order issued by the Office of the Ombudsman against four Energy Regulatory Commission (ERC) commissioners, which the Palace ordered to immediately implement. A court ...

Alipay-dependent tourists targeted by Globe Telecom
The Manila Times - 2018-07-08
Address: 2/F Sitio Grande Building 409 A. Soriano Avenue, Intramuros Manila 1002 Philippines Tel. : +63 (02) 524 5664 up to 67 Fax: +63 (02) 528-1729 Email: newsdesk@manilatimes.net opinion@manilatimes.net

Second-round price pressures emerging
BusinessWorld - 2018-07-08
"With unaddressed supply-side bottlenecks, six percent may not be impossible," said Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines. "The June inflation print, in my view, is largely due to structural bottlenecks ...

Globe Telecom sets up new company for tower assets
Manila Standard Today - 2018-07-08
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 ...

How U.S. and China Tariffs Are Rippling Through U.S. Industries
The Wall Street Journal - 2018-07-08
Because of the complex global ... Holding Co. is opening a solar panel factory in Florida; First Solar Inc. is planning one in Ohio. SolarWorld Americas Inc., one of the embattled panel makers that petitioned for tariffs, is being acquired by SunPower Corp ...

Palace orders 4 ERC execs suspended again
BusinessMirror - 2018-07-08
This time, the issue behind the suspension--the second within a year--arose from charges filed by a watchdog accusing the ERC officials of gross neglect of duty in supposedly tolerating an anomaly by distribution utility Manila Electric Co. (Meralco ...

2 firms keen on bidding for Zamcelco contract
BusinessWorld - 2018-07-08
"As of the moment, two bidders are interested to participate in the bidding, the Aboitiz Power Corp., and the Crown Investment Holding, Inc.," Zamcelco President Omar A. Sahi said in an interview with the local media here last week. Among the companies ...

GERI expects P1.2 billion in sales from residential condo in Laguna
BusinessWorld - 2018-07-08
GLOBAL-ESTATE Resorts, Inc. (GERI) expects to generate P1.2 billion in sales from its newly launched residential property in Southwoods City in Laguna, following the strong take-up for its first project in the estate. The leisure and tourism subsidiary of ...

Maynilad completes upgrade of sedimentation basin at La Mesa
BusinessWorld - 2018-07-08
MAYNILAD Water Services, Inc. has completed the upgrade ... "The rehab project is targeted for completion in 2020," the company said. Maynilad serves certain portions of the cities of Manila, Quezon and Makati. It also covers Caloocan, Pasay ...

Globe, UM partner for a digital campus
Sun Star - 2018-07-08
IN THEIR efforts to promote and enhance digital learning, Globe Telecom and the University of Mindanao (UM) entered into a partnership on June 28, 2019 for the Go WiFi and the Digital Thumbprint Program (DPT). In a statement, Globe said it will provide ...

Drawing from 3rd telco saga, DICT chief to lobby for laws on equitable management of frequencies
BusinessMirror - 2018-07-08
Previous telcos that challenged incumbents Smart Communications Inc. and Globe Telecom Inc. only saw themselves being acquired by the duo, paving the way for the so-called duopoly to take hold of more frequency bands. Spectrum is the real estate on which ...

Lufthansa signs MRO deals with 4 carriers
BusinessMirror - 2018-07-08
A joint venture of Lufthansa Technik AG and Philippine aviation services provider MacroAsia Corp., LTP provides aircraft MRO services to airline companies from all over the world.

Geri launches P1.2-B Tulip Gardens at Southwoods City
BusinessMirror - 2018-07-08
MEGAWORLD subsidiary brand Global-Estate Resorts Inc. (Geri) is launching its second residential property in Southwoods City in BiƱan, Laguna, following the brisk sales of the four towers of the P2.7-billion Holland Park. "The spike in the demand for ...

PSBank banks in on digital innovations
Manila Standard Today - 2018-07-07
PHILIPPINE Savings Bank (PSBank), a subsidiary of Metrobank Group, is amplifying its digital banking platforms with its wide selection of products and services available 24/7 despite rising client preference for mobile transactions. PSBank, the second ...

SM launches 60th anniversary celebrations
philstar.com - 2018-07-07
MANILA, Philippines ... SM Prime Holdings, SM has also become a leading developer of residential condominiums in Metro Manila, where residents could live like a star at affordable prices. Through SM Hotels and Conventions, the company now owns and ...

Depleted national team whips Cocolife
philstar.com - 2018-07-07
MANILA, Philippines -- Shaq Delos Santos posted a double victory as he guided both the National Team and Petron to impressive wins in the Chooks to Go-Philippine Superliga (PSL) Invitational Conference yesterday at the Filoil Flying V Center. Making their ...

Motivation vs. Inspiration
philstar.com - 2018-07-07
This will happen on July 28, 2018 at Ybizz Incubator - a new co-working space located at the 27th floor of PBCom Tower in Makati. Limited seats available. For further inquiries contact April at +63928-559-1798 or register online at www.successoptionsinc/cpe)

JAZA cites work alignment with SDGs
philstar.com - 2018-07-07
MANILA, Philippines -- Ayala Corp. chairman Jaime Augusto Zobel de Ayala recently put the spotlight on companies that are stepping up efforts to align their work with the sustainable development goals (SDGs) of the United Nations. Zobel said while most ...

SEC OKs San Miguel Food capital hike, share transfer
philstar.com - 2018-07-07
MANILA, Philippines -- The Securities and Exchange Commission (SEC) has approved the increase in capital stock and amendments to the articles of incorporation of San Miguel Food and Beverage Inc. In a disclosure to the Philippine Stock Exchange (PSE), SMC ...

BPI adds 46 branches to nationwide footprint
philstar.com - 2018-07-07
MANILA, Philippines -- Ayala-led Bank of the Philippine Islands (BPI) continued to expand its footprint, opening 46 new branches in the first half as it pursues its goal of financial inclusion and increased access to financial services nationwide.

Why we should know what happened to friar lands in Philippines
philstar.com - 2018-07-07
The best ecclesiastical authority of the Philippines, always the champion of the church ... the corrupt practices of those in power (in government, military and business), top to petty bottom; foreign, then native. As may be said: "the values of those ...

Building better learning spaces for Filipino students
thestandard.com.ph - 2018-07-07
Santos National High School in Antipolo ... aside from lending a hand in readying the schools for their children," said Holcim Philippines president and chief executive John Stull. In Norzagaray, Bulacan, around 100 employees and contractors participated ...

Meralco raises July electricity rates by P0.3136/kWh
thestandard.com.ph - 2018-07-07
Manila Electric Co. is increasing power rates by P0.3136 per kilowatt-hour this month on higher generation charges. Meralco said in a statement Friday a typical household consuming 200 kWh a month would see an increase of around P63 in the total bill.

Stock market falls, awaits BSP move
thestandard.com.ph - 2018-07-07
Wellex Industries Inc. of the Gatchalian Group jumped 24 percent to P0.31. Wellex said Thursday it might now pursue the planned development of its 17-hectare "Plastic City" estate in Valenzuela City in joint venture with Ayala Land. The possibility ...

Middeby kitchen equipment maker refuses to regularize contractual workers on strike
Bulatlat - 2018-07-07
"Middleby, a US-owned corporation, should be ashamed to call itself a world leader if it could not even respect the rights of its workers here and abroad." MANILA - The workers serving you behind the counter of famous fast-foods are low-wage earning ...

Maynilad hikes water new storage capacity
philstar.com - 2018-07-06
MANILA, Philippines -- West Zone concessionaire Maynilad Water Services Inc. has increased its water storage capacity to ensure water security and reliability in its serviced areas. The Pangilinan-led company said it added 345 million liters to its water ...

UV routs SHS-Ateneo to grab CYBL U15 crown
philstar.com - 2018-07-06
In the Under 18 division, SWU-Phinma overcame WJC, 46-35, in the quarterfinals to arrange a semifinal showdown with CLBA. The other semifinals pairing is between Mt. Olives School and Punta Princesa.

Almost heaven, West Virginia: Driving country roads in search of America today
Salon - 2018-07-06
At the Plains District Memorial Museum, there was plenty of history on show ... the hippie heyday and captivated everyone with his stories. He came from a poor coal-mining region of the Appalachians -- only Arkansas and Mississippi are poorer per capita ...

Whatever happened to the friar lands?
philstar.com - 2018-07-06
These abuses had become so flagrant that during the latter part of the 17th century the government at Madrid determined ... value and rental of all properties held by the religious orders. Furthermore, the king asked for an estimate of the amount of ...

Stock market falls, awaits BSP move
Manila Standard Today - 2018-07-06
Wellex Industries Inc. of the Gatchalian Group jumped 24 percent to P0.31. Wellex said Thursday it might now pursue the planned development of its 17-hectare "Plastic City" estate in Valenzuela City in joint venture with Ayala Land. The possibility ...

PSE suspends share trading of San Miguel Food
Manila Standard Today - 2018-07-06
San Miguel earlier agreed to transfer 7.86 billion shares in San Miguel Brewery Inc. and 216.97 million shares or Ginebra San Miguel Inc. to SMFB as part of a move to consolidate the food and beverage business under one subsidiary. SMFB in exchange will ...

PSE review finds 62 firms Shariah-compliant
BusinessWorld - 2018-07-06
Inc., Italpinas Development Corp., Keppel Philippines Properties, Inc. and Primex Corp. The PSE engaged IdealRatings, Inc. to conduct the screening of the listed firms, in accordance with the Accounting and Auditing Organization for Islamic Finance ...

Seamless in Bacolod
philstar.com - 2018-07-06
Its interior design and colorful decorative reliefs of Negrense fables make it quirky and distinctive. Kudos to the family for keeping it in good shape and opening it up to the public for arranged tours. Plans are underfoot, the owners say, of converting ...

DTI leads business mission to Vietnam
BusinessMirror - 2018-07-06
THE Department of Trade and Industry (DTI) spearheaded an Outbound Business Mission (OBM) to Vietnam on June 19-21, 2018 that booked sales of $265,000 to its Philippine participants. Ceferino Rodolfo, Undersecretary of the DTI Industry Development and ...

Enjoy the moments of your life
philstar.com - 2018-07-06
This will happen on July 28 at Ybizz Incubator - a new co-working space located at the 27th floor of PBCom Tower in Makati. Limited seats available. For further inquiries contact April at +63928-559-1798 or register online at www.successoptionsinc/cpe).

Trade war threat gets real as Trump slaps tariffs on $34-billion Chinese imports
BusinessMirror - 2018-07-06
JPMorgan Chase & Co. economists warn the biggest risk may come from the indirect impact of tightening credit conditions and business confidence, reducing scope for investment and hiring while undermining financial markets. Vehicles could be the next ...

Fashion, fintech and musicals
BusinessMirror - 2018-07-06
THE month of June has been a very busy one for Globe Telecom with briefings and events happening almost ... A FEW months ago, Globe fintech arm Globe Fintech Innovations Inc., or Mynt, launched an initiative to allow payments on its GCash digital wallet ...

PAL now four-star, and the Bombardier
Sun Star - 2018-07-06
LITERALLY soaring to cloud nine is the Philippine Airlines (PAL) family as the airline was certified four-star--the only one in the country--by Skytrax, the international air transport rating organization. PAL now joins the list of 40 world-class ...

Eight companies get FAA Programme Accreditation
bernama.com - 2018-07-06
The FAA Programme Accreditation is described as a process to recognise that the design, development ... and Certified Training Professional (CTP) graduates were also recognised during the ceremony. Thirteen members of the Malaysian Association of Money ...

Suspension takes effect vs. four ERC commissioners over Meralco woes
News Philippines Yahoo - 2018-07-06
MANILA, Philippines - MalacaƱang on Friday (July 6) issued a memorandum directing Chairperson Agnes Devanadera of the Energy Regulatory Commission (ERC) to implement the suspension of ERC Commissioners Alfredo Non, Gloria Yap-Taruc, Josefina Asirit, and ...

Maynilad water-storage capacity up by 345 million liters
BusinessMirror - 2018-07-06
MAYNILAD Water Services Inc. (Maynilad) said its water-storage capacity has ... all in Cavite province. The other private water company is Manila Water, whose concession area is the so-called East Zone.

Meralco to raise power rates by P0.31 per kWh
News Philippines Yahoo - 2018-07-06
QUEZON CITY, Philippines - Meralco on Friday (July 6) announced that power rates will be up by P0.31 per kilowatt hour this month of July. This is equivalent to an additional P62 to a household consumption of 200 kilowatt per month. Those consuming 500 ...