MalacaƱang orders ERC to implement suspension of commissioners
Rappler - 2018-07-06
The group computed that consumers' deposits totaled about P61.36 billion from 2006 to 2016, while consumers' deposits amounted to only P26.5 billion in Meralco's financial statement. But the ERC said the 4 commissioners were not remiss in their duties as ...

Meralco: Expect higher electricity rates for July
CNN Philippines - 2018-07-06
The Manila Electric Company (MERALCO) announced overall electricity rates will rise by ?0.3136 per kWh on Friday. The adjustment now brings the overall rate to ?10.1925 per kWh, up from ?9.8789 per kWh in June. This comes after a ?0.2823 per kWh ...

Meralco raises kilowatt-hour rates following two months of reductions
BusinessWorld - 2018-07-06
Electricity consumers in the capital region should expect an increase in their next monthly bill, as distribution utility Manila Electric Co. (Meralco) just announced an increase of P0.316 per kilowatt-hour (kWh). The rate hike follows two straight months ...

All prepaid load valid for 1 year
Sun Star - 2018-07-06
In separate statements, Globe Telecom and Smart Communications announced that they have fully complied with the joint memorandum circular of the National Telecommunications Commission, Department of Trade and Industry ... Act of the Philippines while ...

Gatanela: Hurray to the proposed Negrosanon Federated Region
Sun Star - 2018-07-06
AS A NEGRENSE, I was very happy to know that the Consultative Committee (ConCom) headed by retired chief justice of the Supreme Court Reynato Puno had already finalized the list of the 18 federated regions in its draft Charter for the proposed shift to ...

Mynt makes hassle-free lending; introduces 1st trust score in PHL
thestandard.com.ph - 2018-07-06
Mynt, the fintech startup owned by Globe Telecom, Ant Financial, and Ayala Corporation, takes the next big step in financial inclusion by making hassle-free loans available to every Filipino through its lending arm, Fuse, which primarily caters to the ...

See how this reporter fares in Singapore using only Chinese mobile apps
News Philippines Yahoo - 2018-07-06
View photos I felt hungry so decided to find the nearest 7-Eleven store to buy some snacks. I had to use the Google map on my smartphone as neither of the most popular Chinese digital mapping service operators, Gaode and Baidu, worked. On finding the store ...

Market extends rally; PLDT rises
thestandard.com.ph - 2018-07-06
Gainers and losers were even at 100 each, with 56 issues unchanged. Casino operator Bloomberry Resorts Corp. advanced 4.4 percent to P10.18, while PLDT Inc., the biggest telecommunications company, gained 2.4 percent to P1,299. SM Prime Holdings Inc. of ...

SMC not acquiring Malaysian state assets
CNN Philippines - 2018-07-06
(July 5) -- San Miguel Corporation denied that it expressed interest in particularly acquiring state oil and gas assets in Malaysia following reports that the latter is looking to revisit options for privatization to trim down its debts. At the sidelines ...

Who's to blame for soaring inflation? 'All of them' in gov't, says economist
Rappler - 2018-07-05
The Manila Electric Company (Meralco) also hinted at an increase in generation charge due to tight power supply last June and the further depreciation of the peso. Meanwhile, some regions reported higher inflation figures, like the Autonomous Region in ...

June 2018 inflation soars to 5.2%
Rappler - 2018-07-05
MANILA, Philippines - Inflation continued to accelerate in June, reaching a fresh high of 5.2%, the Philippine Statistics Authority (PSA) reported on Thursday, July 5. June inflation is 0.6% percentage points higher than in May, which was at 4.6%. The ...

Foreign projects approved by BoI climb 29% to P7-billion
Manila Standard Today - 2018-07-05
Foreign investment projects approved by the Board of Investments rose 29 percent in the first five months to P7 billion from P5.38 billion a year ago. The growth in FDI pledges contributed to the overall 18.9-percent growth in BoI registrations to P207.48 ...

Gatchalian group can now pursue Ayala joint venture
Manila Standard Today - 2018-07-05
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 emerged after the rehabilitation case against Wellex Industries ...

Wanted: Better fund managers
philstar.com - 2018-07-05
His support paid off and was rewarded with his posting as deputy commissioner at the Bureau of Internal Revenue (BIR) where he headed the Legal and Inspection Group. President ... could not be said about our own Social Security System (SSS) - the ...

Green activists protest against coal-fired power plant project in Atimonan Quezon
BusinessMirror - 2018-07-05
"We really cannot expect a PSA between A1E and Meralco to serve the best interests of consumers," said Atty. Avril De Torres of the Center for Energy, Ecology, and Development. "Firstly, A1E is a wholly-owned subsidiary of Meralco PowerGen ...

3rd telco player in the PHL: DICT schedules draft rules consultations today
TechnoChops - 2018-07-05
The selection process for the third telecommunications company (telco) in the Philippines, that is expected to challenge the duopoly maintained by Globe Telecom and PLDT, Inc. for several years now, is in full swing. The Department of Information and ...

MPTC starts work on Cebu-Cordova expressway
BusinessWorld - 2018-07-05
MPIC is one of the 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, Inc., has a majority ...

PAL to mount flights to Sapporo in September
BusinessWorld - 2018-07-05
PHILIPPINE Airlines (PAL) will start flying to Sapporo in September, as Japan gains popularity as a tourist destination among Filipinos. In a press conference in Manila on Thursday, PAL President and Chief Operating Officer Jaime J. Bautista said the flag ...

Tuna, salmon business seen to drive Alliance Select profit
BusinessWorld - 2018-07-05
ALLIANCE Select Foods International, Inc. (ASFII) is on track to post profits again this year, driven by the growth of its tuna and salmon businesses. In 2017, the listed international seafood firm made a profit for the first time since 2011, posting a net ...

BPI eyes to expand branch network
BusinessWorld - 2018-07-05
BANK OF THE Philippine Islands (BPI) is growing its branch network in the provincial areas in line with its financial inclusion goal and digitalization push. In a statement on Thursday, BPI Retail Banking head Joseph Albert L. Gotuaco said the Ayala-led ...

Smart, Globe implement 1-year expiry period for prepaid load
BusinessWorld - 2018-07-05
SMART COMMUNICATIONS, Inc. and Globe Telecom, Inc. have extended the validity of prepaid cellular credits or "load" below P300 to one year. In separate statements issued on Thursday, Smart and Globe said they have fully complied with Memorandum ...

After commodity price hike, consumers told to brace for electricity-rate increase
BusinessMirror - 2018-07-05
"I believe that much of the inflation is fuel related. So, if this is true, then electricity prices will eventually go up," said Aboitiz Power Corp. President Antonio Moraza in a text message. Inflation in June was recorded at 5.2 percent, 0.6 ...

Inflation jumps to new 5-year high in June, beats forecasts
philstar.com - 2018-07-05
BSP chief: June inflation a 'setback' MANILA, Philippines -- The overall increase in prices ... Separately, Ruben Carlo Asuncion, chief economist at Union Bank, said the BSP may adjust key rates anew in its next meetings. "I expected a 4.7 percent ...

Rehab case of Wellex units ended by Valenzuela RTC
BusinessMirror - 2018-07-05
GATCHALIAN-CONTROLLED Wellex Industries Inc. said the rehabilitation case of its units was already terminated due to the payment of the principal borrower to the Philippine National Bank. Thus, the company will continue its agreements with a property ...

PAL flies to Hokkaido, Japan
BusinessMirror - 2018-07-05
The 168-seater Airbus A321neo has 12 seats in business class and 156 seats in economy class. The business-class cabin boasts generous seat pitch (legroom) of 60 inches and seats that are up to 23 inches wide and recline to become full flat beds ...

IC places Paz Life Plan under conservatorship
BusinessMirror - 2018-07-05
"The result of the examination made into the affairs, financial condition and methods of doing business of Paz Life Plan as of year-end 2016 disclosed that the company failed to comply with the minimum P50-million paid-up capital requirement ...

MPIC begins 4th bridge in Cebu
BusinessMirror - 2018-07-05
CEBU CITY--While the government is considering building another bridge here to further provide ease of transport in the bustling metropolis, Metro Pacific Investments Corp. (MPIC) on Thursday started the construction of an expressway bridge that will ...

Generika drugstore partners with GCash
BusinessMirror - 2018-07-05
And this alliance between Generika Drugstore, a member of AC Health, the holdings company of Ayala Corp. for its health-care portfolio; and GCash, the leading mobile-wallet service from Mynt, a fintech-startup partnership with Globe Telecom, Ayala Corp ...

Stocks plunge after inflation report
CNN Philippines - 2018-07-05
Perez noted that Metropolitan Bank & Trust Co., SM Investments Corp., and Universal Robina Corp. posted the biggest losses today. Luis Limlingan of Regina Capital said the continuing price increases may lead to another hike in interest rates during the ...

Smart, Globe report compliance of one-year validity of all prepaid load
newsbytes.ph - 2018-07-05
... Telecommunications Commission (NTC), the Department of Information and Communications Technology (DICT), and Department of Trade and Industry (DTI). Previously, since January 6, the operators have implemented a one-year validity period for prepaid ...

Top 5 Canadian Gold Stocks In Q2 2018
Investing.com - 2018-07-05
Kirkland Lake Gold is a mid-tier gold producer operating four mines and three milling facilitates located in Canada and ... which is the largest gold producer in the state of Victoria. It has a 2018 production guidance of 260,000 - 300,000 oz Au.

All Globe prepaid load valid for 1 year starting July 5
Rappler - 2018-07-05
MANILA, Philippines - Globe Telecom announced that all its prepaid load will be valid for one year effective Thursday, July 5. "Effective July 5, 2018, all Globe prepaid load, including those with denominations below P300, will carry a one-year ...

NICKEL ASIA CORP.
Economic Times - 2018-07-05
The rival bid for Oncor was disclosed on Friday by Energy Future's biggest creditor, billionaire Paul Singer's hedge fund Elliott Management Corp. Zinc jumped as much as 5.8 per cent to $3,132.50 a ton on the London Metal Exchange. "The trick in ...

Hacienda Luisita done distributing sale shares to farmers - SC
Rappler - 2018-07-04
In 2017, farmers broke the walls surrounding a lot, claiming it should be part of the distribution plan. Hacienda Luisita turned over the land to Rizal Commercial Banking Corporation (RCBC) as payment for a P431.7-million loan obligation.

Market extends rally; PLDT rises
Manila Standard Today - 2018-07-04
Gainers and losers were even at 100 each, with 56 issues unchanged. Casino operator Bloomberry Resorts Corp. advanced 4.4 percent to P10.18, while PLDT Inc., the biggest telecommunications company, gained 2.4 percent to P1,299. SM Prime Holdings Inc. of ...

RCBC opens online forex trade platform
Manila Standard Today - 2018-07-04
Rizal Commercial Banking Corp., the 10th-largest lender in terms of assets, became the first bank in the country to offer an online foreign exchange platform that allows clients and account holders to buy and sell currency online. RCBC said the Online FX ...

ATI reports record volume of shipments
Manila Standard Today - 2018-07-04
Asian Terminals Inc. on Wednesday said it recorded its highest mid-year container volume due to the growing Philippine economy. Manila South Harbor handled over 560,000 twenty-foot equivalent units of foreign containerized shipment in the first six months ...

DAP gets new president, chair and vice chair at 45
Philippine Information Agency - 2018-07-04
A law graduate of Arellano Law Foundation in 1998, the Cagayan native also completed his political science degree at the Far Eastern University in 1993 before starting his law studies at San Beda College that same year. He finished his Masters in National ...

DAP gets new president, chair and vice chair at 45
Philippine Information Agency - 2018-07-04
A law graduate of Arellano Law Foundation in 1998, the Cagayan native also completed his political science degree at the Far Eastern University in 1993 before starting his law studies at San Beda College that ... of the Philippines-Manila, Fernandez ...

Malampaya banked gas gets 2 bids
philstar.com - 2018-07-04
Originally, it was designated for the future requirements of the 1,200-megawatt (MW) Ilijan power plant and the five First Gen power plants with existing gas sales and purchase agreements (GSPAs), when the Malampaya service contract ends in 2024.

Selective buying perks up stocks
philstar.com - 2018-07-04
SM Prime Holdings Inc. likewise rose 2.78 percent in late trade. On the other hand, investors dumped Petron Corp., sending the stock 1.56 percent lower. Another decliner was First Gen which lost 0.85 percent and the LT Group which shed 0.89 percent.

Go signal for PT Nusantara tender offer seen by August
BusinessWorld - 2018-07-04
MPIC 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, Inc., has a majority ...

ATN to supply 3.5M tons of rocks for Manila Bay reclamation projects
BusinessWorld - 2018-07-04
LISTED ATN Holdings, Inc. on Wednesday said it will sell 3.5 million tons of rock resource assets to several companies involved in Manila Bay reclamation activities. In a disclosure to the stock exchange on Wednesday, ATN said its board of directors gave ...

Record volume seen at South Harbor in 1 st half
BusinessWorld - 2018-07-04
ASIAN Terminals, Inc. (ATI) said Manila South Harbor, which it manages, recorded its highest midyear container volume during the first half of 2018. In a statement on Wednesday, the listed port operator said Manila South Harbor was able to accommodate over ...

BPI postpones implementation of additional bank fees
CNN Philippines - 2018-07-04
CNN Philippines (Metro Manila, July 4) -- The Bank of the Philippine Islands (BPI) has postponed the implementation of additional bank fees on over-the-counter transactions. In a statement issued Wednesday, the bank said that it will push the ...

Market rises; Globe, Megaworld up
thestandard.com.ph - 2018-07-04
Universal Robina Corp., a leading snack food manufacturer, also gained 2.3 percent to P124.80. Meanwhile, Asian markets were mixed Tuesday. While they were up from earlier lows, investors continued to fret over looming China-US tariffs that bring a ...

Property developer D.M. Wenceslao's IPO braves uncertain market
CNN Philippines - 2018-07-04
Its projects also include the Zamboanga Port, the Lucena Multi-purpose Pier, the Alabang-Zapote Flyover, the Philippine National Bank building along Roxas Boulevard, Manila, and the Tarlac-Pangasinan-La Union Toll Expressway (TPLEX). "Despite a volatile ...

Stocks rally on bargain hunting ahead of data
BusinessWorld - 2018-07-04
A lot are pointing that this would hit much higher than the 4.6% recorded for May," Regina Capital Development Corp. Managing Director ... to pick up select large cap stocks. Shares in SM Investments Corp. were the most actively traded resulting in ...

TransUnion expands services in PHL to include private borrowers, SMEs
BusinessMirror - 2018-07-04
The company started operating in the country in 2011, partnering with local banks led by BDO Universal Bank, Bank of the Philippine Islands (BPI), HSBC, Metrobank and Citibank, to manage the first comprehensive private credit bureau in the country.

Cheap energy is over
BusinessMirror - 2018-07-04
Have you ever tried to start a fire without using matches or a lighter? Then you know how incredibly difficult that is and why humans--in comparison to the last 300 years --essentially lived in caves eating tree bark since the beginning of time. But you ...