Carlos sizzles in heavy rain
BusinessMirror - 2018-07-04
Jobim Carlos dropped eight birdies before heavy rains fell and completed a stirring bogey-free 64, wresting a two-stroke lead over Korean Lee Song in the International Container Terminal Services Inc. (ICTSI) Pueblo De Oro Championship in Cagayan de Oro ...

2 firms keen on buying Malampaya gas
BusinessMirror - 2018-07-04
The PNOC earlier tapped the services of ADB as consultant for its planned LNG project. The PNOC received offers from First Gen Corp., Energy World Corp., PT Jaya Samudra Karunia, PT PGN LNG Indonesia/PT Bosowa Corporindo with local partner MOF Corp., Korea ...

RCBC unveils online forex trading platform
BusinessWorld - 2018-07-04
Rizal Commercial Banking Corp. (RCBC) has launched an online platform allowing its clients to buy and sell local and foreign currencies. In a statement Wednesday, July 5, RCBC said it has launched the Online FX Trading Platform, the first and only online ...

PhilHealth director: Lifestyle diseases kill more Filipinos than plane crashes
philstar.com - 2018-07-04
In a health symposium titled "Watsons World of Wellness" held at Meralco Theater recently, Dr. Anthony described lifestyle or non-communicable diseases as a "silent epidemic." Dr. Anthony, who is also the President of Manila Doctors Hospital ...

PCC voids Trans-Asia deal, clears Chelsea-2Go Group transaction
Sun Star - 2018-07-04
The parties to the voided transaction are weighing their options, whether to file a motion for reconsideration with the PCC or go straight ot the Court of Appeals. "As the decision is not yet final, it has no impact to the business, operations and ...

Filipino Media Co. Gets Injunction Against Streaming Sites
Law360 - 2018-07-03
Law360 (July 3, 2018, 7:22 PM EDT) -- A Florida federal judge granted a temporary restraining order and preliminary injunction Tuesday to ABS-CBN Corp., the largest media and entertainment company in the Philippines, requiring several websites to stop ...

Racing clubs amend popular betting options
Manila Standard Today - 2018-07-03
The letter dated June 27, 2018 was addressed to Philracom Chairman Andrew Sanchez and was signed by the three clubs--Manila Jockey Club, Philippine Racing Club, and Metro Manila Turf Club. It states in full: "The racing clubs in its [sic] effort to ...

Market rises; Globe, Megaworld up
Manila Standard Today - 2018-07-03
Ten of the 20 most active stocks ended in the green, led by Globe Telecom Inc. which went up 3 percent to P1,648 and developer Megaworld Corp. which advanced 2.3 percent to P4.40. Universal Robina Corp., a leading snack food manufacturer, also gained 2.3 ...

Kevin Tan sees merging of malls, e-commerce and tourism
philstar.com - 2018-07-03
From his office on the 30th floor of Alliance Global Tower in Taguig, newly appointed Alliance Global Group Inc. (AGI) CEO Kevin Andrew L. Tan can see Uptown Mall, the 12th he helped build as head of Megaworld Lifestyle Malls. It was a position he held at ...

DICT draft rules for third telco require at least P36.58 billion from bidders
TechnoChops - 2018-07-03
The selection process for the third telecommunications company (telco) that is expected to challenge the duopoly of Globe Telecom, Inc and PLDT Inc. is now ongoing. The process has begun with the draft rules for selection, and a salient part of those rules ...

Kevin Tan sees merging of malls, e-commerce and tourism
philstar.com - 2018-07-03
Tan, founded. AGI counts among its companies Megaworld, Emperador Inc., Travellers International Hotel Group Inc., Golden Arches Development Corporation and Infracorp Development Inc. Even though he has worked alongside his father since he was 21 and from ...

MPTC subsidiary gains control of Indonesian firm
BusinessWorld - 2018-07-03
MPIC is one of three key Philippine units of Hong Kong-based First Pacific Co. Ltd., with 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 ...

Members of the Canadian House of Commons visit the Jollibee Parklane in Pasig City
BusinessMirror - 2018-07-03
Joining them were (from right) Jollibee Foods Corporation (JFC) Country Head Joseph Tanbuntiong, JFC CEO Ernesto Tanmantiong, and Jollibee Brand Chief Marketing Officer Francis Flores (left).

PAL flies A321neo to Brisbane
BusinessMirror - 2018-07-03
PHILIPPINE Airlines (PAL) started deploying the highly sophisticated Airbus A321neo jet to Brisbane, Australia, on July 2, the fastest nonstop service on the route. The maiden flight carried 151 Brisbane-bound passengers, arriving on July 3, 15 minutes ...

Shares climb in thin trade ahead of inflation data
BusinessWorld - 2018-07-03
The most heavily traded stocks for the day included Universal Robina Corp., which rallied 2.3% to P124.80 each, Ayala Land, Inc. with flat shares at P38 each, and SM Investments Corp. that jumped 1.67% to P915 each.

Bataan human smuggling try foiled; 139 undocumented workers rescued
BusinessMirror - 2018-07-03
The recruitment was reportedly conducted in the offices of FCL and MacroAsia Pharma Inc., which are both located along Canal Road in the Subic Bay Freeport Zone. Meanwhile, the Subic Bay Metropolitan Authority (SBMA) said that it would not tolerate any ...

ABS-CBN, GMA TV ratings war rolls on
BusinessMirror - 2018-07-03
RIVAL broadcasters ABS-CBN Corp. and GMA Network Inc. on Tuesday claimed dominance in the ratings war last month, citing different research companies as their sources. The Lopez-led entertainment and multimedia conglomerate claimed to have posted a ...

Metro Pacific eyes 80% holdings in Indo group
BusinessMirror - 2018-07-03
With four thoroughfares with a combined length of 35 kilometers (km), the company serves over 106 million toll-road users. MPIC is the largest tollways operator in the Philippines with a combined length of 192 km. across three existing thoroughfares.

PCC voids Chelsea Logistics acquisition of Trans-Asia Shipping
BusinessMirror - 2018-07-03
The transaction involves the acquisition by Chelsea of shares in KGLI-NM to consolidate its majority ownership in KGLI-NM and gain a 52.98-percent stake in the 2Go Group. The PCC said it found in its initial investigation that the control of both Trans ...

PhilSys: One card to rule them all
BusinessWorld - 2018-07-03
This card, although optional, are issued to members of the Social Security System (SSS), Government Service ... The breach incident dubbed "Comeleaks" saw a lot of data compromised by a group of hackers. The incident indeed served as a wakeup call ...

ALP launches Azuela Cove in Davao
BusinessMirror - 2018-07-03
Seascape villa and The Amenity Deck Edith Alcantara, director of ALSONS Consolidated Resources Inc., told the media that the company decided to partner with ALP because of its sterling track record in the development of luxury residences. "Since this is ...

All of our workers are regular, says Jollibee
philstar.com - 2018-07-03
MANILA, Philippines -- Jollibee Foods Corp. on Tuesday maintained it is compliant with labor laws and regulations months after the Department of Labor and Employment ordered the homegrown food giant to give more than 7,000 workers permanent employment status.

Miss Multinational 2018 Sophia Senoron admires the courage of the first transgender queen of Miss Universe-Spain
GMA Network - 2018-07-03
Malaki ang paghanga ni Miss Multinational 2018 Sofia Senoron, na isa na ngayong Kapuso artist, kay Angela Ponce, ang transgender beauty queen na nag-uwi ng Miss Universe-Spain crown. View career opportunities in GMA Network, Inc.

DOLE to PLDT: Stop layoffs, start regularizing over 7,000 workers
Rappler - 2018-07-03
MANILA, Philippines - The Department of Labor and Employment (DOLE) maintained that PLDT Incorporated must regularize more than 7,000 workers instead of terminating them. In a phone interview with Rappler, Labor Undersecretary Joel Maglunsod said an ...

Stocks inch up ahead of inflation report
BusinessWorld - 2018-07-03
The most heavily traded stocks for the day included Universal Robina Corp., which rallied 2.3% to P124.80 each, Ayala Land, Inc. with flat shares at P38 each, and SM Investments Corp that jumped 1.67% to 915 each.

BPI set to impose additional bank fees
CNN Philippines - 2018-07-03
Metro Manila (CNN Philippines, July 3) -- The Bank of the Philippine Islands (BPI) will be imposing updated fees for select transactions starting September 1. In a post on their website yesterday, BPI said this is in compliance with Republic Act 10963 ...

Top Ranking Board passer from Silang commended
Philippine Information Agency - 2018-07-03
Merced, currently a Senior Affairs Research Specialist of the Foreign Service Institute and a part-time lecturer at the Far Eastern University (FEU) is a Summa Cum Laude graduate of Bachelor of Science in International Studies from the De La Salle ...

Top Ranking Board passer from Silang commended
Philippine Information Agency - 2018-07-03
Merced, currently a Senior Affairs Research Specialist of the Foreign Service Institute and a part-time lecturer at the Far Eastern University (FEU) is a Summa Cum Laude graduate of Bachelor of Science in International Studies from the De La Salle ...

Meralco looking at Isla Verde to set up first microgrid
BusinessWorld - 2018-07-03
Meralco President and CEO Oscar S. Reyes -- Photo by Victor Saulon Manila Electric Co. (Meralco) is looking at Isla Verde, an island within its franchise area, as its first venture in putting up a microgrid system, its president said. "We are working ...

Petron Blaze Spikers debut against Tornadoes
BusinessMirror - 2018-07-03
HEAVYWEIGHT Petron makes its much-anticipated debut when it battles struggling Foton in the 2018 Chooks to Go-Philippine Superliga (PSL) Invitational Conference tomorrow at the Cadiz Arena in Cadiz City. After ruling the Grand Prix, the Blaze Spikers begin ...

CNPF sets P1.8 billion capex for 2018
BusinessWorld - 2018-07-03
Century Pacific Foods, Inc. (CNPF) is ramping up spending to P1.8 billion this year to expand its capacity, while gunning for a single-digit growth in earnings amid rising costs of fuel and raw materials. "Capital spending will be roughly around P1.5 ...

Competition watchdog voids Uy-led Chelsea's takeover of Trans-Asia
philstar.com - 2018-07-03
"Parties to the voided transaction are currently weighing their options on whether to first file a Motion for Reconsideration with the Commission or to go straight to the Court of Appeals for redress," it added. -- Ian Nicolas Cigaral

Paez targets 2nd win at P3M golf in Pueblo de Oro
thestandard.com.ph - 2018-07-03
Meralco, Sharp, Champion, Summit Mineral Water and PLDT. Golf legend Frankie Miñoza, winner of the last PGT Pueblo de Oro event in 2013, is also in the fold, providing prestige and honor to the tournament that has continued to draw participation from a ...

First female CCPO chief not intimidated
philstar.com - 2018-07-03
CEBU, Philippines -- The first policewoman to head the Cebu City ... 707 gambling machines, and P425,363 in cash. The Metrobank Foundation Inc. also recognized him as one of the Outstanding Filipino Men for 2017, awarding him P1 million and a gold plaque.

P70-million dialysis center opens in Pampanga
thestandard.com.ph - 2018-07-03
Tumang said that the construction of the center was financed by the municipality with an addition of P32 million from the projected taxes of SM Prime Holdings Inc. SM Pampanga, one of the fifth and the biggest mall of the firm operating in the province was ...

SMC to join auction for Malampaya gas reserves
thestandard.com.ph - 2018-07-03
Floating terminal or regas needs at least 3,000 MW to be economical," Ang said. Ang also expressed willingness to team up with First Gen Corp. for the planned LNG facility in Batangas. No agreement was signed yet. State-run PNOC scheduled the submission ...

Stocks up slightly in thin trading
thestandard.com.ph - 2018-07-03
Philippine H2O Ventures Corp., which businessman Dennis Uy recently acquired, advanced 4.3 percent to P7.35. The company is converting itself into a resort and property development company. The rest of Asian markets, meanwhile, kicked the week off with ...

Duterte didn't lobby enough, only 5 of 18 priority bills became laws
Rappler - 2018-07-03
MANILA, Philippines - Despite President Rodrigo Duterte enjoying overwhelming support from the 17th Congress, only 5 of the 18 bills he prioritized in his first two State of the Nation Addresses (SONAs) passed. It took Duterte another 5 months to sign ...

Cebu Air enters cargo business
Sun Star - 2018-07-03
CEBU Air, Inc. has signed an agreement with Switzerland-based IPR Conversions Ltd to convert two of its ATR 72-500 passenger aircraft into dedicated cargo aircraft. This marks the first foray of Cebu Pacific in operating specialized aircraft to transport ...

Stocks up slightly in thin trading
Manila Standard Today - 2018-07-02
Philippine H2O Ventures Corp., which businessman Dennis Uy recently acquired, advanced 4.3 percent to P7.35. The company is converting itself into a resort and property development company. The rest of Asian markets, meanwhile, kicked the week off with ...

SMC to join auction for Malampaya gas reserves
Manila Standard Today - 2018-07-02
Floating terminal or regas needs at least 3,000 MW to be economical," Ang said. Ang also expressed willingness to team up with First Gen Corp. for the planned LNG facility in Batangas. No agreement was signed yet. State-run PNOC scheduled the submission ...

ERC clears Meralco, FGen PSA
philstar.com - 2018-07-02
MANILA, Philippines -- The Energy Regulatory Commission (ERC) granted interim relief to Manila Electric Co. (Meralco) and a unit of Lopez-led First Gen Corp. to implement their six-year power supply deal. This allows both parties to execute the power ...

Paez targets 2nd win at Pueblo de Oro
philstar.com - 2018-07-02
Meralco, Sharp, Champion, Summit Mineral Water and PLDT. Golf legend Frankie Miñoza, winner of the last PGT Pueblo de Oro event in 2013, is also in the fold, providing prestige and honor to the tournament that has continued to draw participation from a ...

Gas prices higher by P0.65 per liter
philstar.com - 2018-07-02
Caltex, Eastern Petroleum, Flying V, Pilipinas Shell Petroleum Corp., PTT Philippines Corp., Seaoil Philippines Inc. and Total Philippines Corp. implemented their price adjustments at 6 a.m. UniOil Petroleum Philippines Inc. said its price increments took ...

Blaze Spikers open bid vs Tornadoes in Cadiz
philstar.com - 2018-07-02
MANILA, Philippines -- Petron takes on a struggling Foton side today, looking for a fiery start to its Chooks to Go-Philippine Superliga Invitational Conference debut at the Cadiz Arena in Negros Occidental. Coming off a victory in the PSL Grand Prix ...

June factory growth buoys Q2 reading
BusinessWorld - 2018-07-02
Angelo B. Taningco, economist at Security Bank Corp. said that firms continued to expand as they weathered price effects of tax reform and high global oil prices. "Demand for manufactured items was deemed robust in June, which I believe may have been a ...

Megawide aims to book P24-B contracts this year
BusinessWorld - 2018-07-02
MEGAWIDE Construction Corp. targets to book P24 billion worth of new construction contracts this year, driven by projects from the private sector. The diversified engineering conglomerate said this is the second highest value of contracts it has signed to ...

Taxation and its equitable distribution
philstar.com - 2018-07-02
While it had bountiful resources, and blessed with fairly good weather, it complained of receiving the short end of the stick whenever "wealth" was distributed. Basic infrastructure needs took an inordinately long time to be approved by Imperial Manila.

Meralco-First NatGas power supply deal gets ERC go signal
BusinessWorld - 2018-07-02
THE Energy Regulatory Commission (ERC) has granted Manila Electric Co. (Meralco) and First NatGas Power Corp. (FNPC) the authority to implement their power supply agreement (PSA) in an "interim relief" that sets certain conditions. "In the event that ...

New office buildings targeting BPO firms, MNCs
BusinessWorld - 2018-07-02
ETON Properties Philippines, Inc. launched the eWestPod building in Makati City. ETON Properties Philippines, Inc. has launched two new office buildings, targeting business process outsourcing (BPO) companies and local units of multinational companies ...