DM Wenceslao cuts IPO price to P8.15 billion
BusinessMirror - 2018-06-11
The company is set to be listed at the main board of the Philippine Stock ... used to further expand its real-estate development footprint through a mix of commercial and residential projects in Aseana City. BPI Capital Corp. and Maybank ATR Kim Eng ...

Second round of oil price rollbacks on Independence Day
BusinessMirror - 2018-06-11
FOR the second consecutive week, oil firms are implementing another round of oil price rollbacks. In separate advisories, oil firms said they will reduce the price of gasoline by P0.55 per liter, diesel by P0.60 per liter and kerosene by P0.60 per liter.

Force of former Macau casino monopoly fading as founder retires
Nikkei Asian Review - 2018-06-11
HONG KONG -- SJM Holdings ... in the Bahamas and made moves in the Philippines, Vietnam, Australia and South Korea. The lingering question for SJM is how much the opening of Grand Lisboa Palace will help the company get back on track.

Phoenix not interested in coal assets of Ayala unit
thestandard.com.ph - 2018-06-11
Phoenix Petroleum Philippines Inc. is not keen on bidding to acquire 50 percent of the coal assets of AC Energy Holdings Inc., a unit of conglomerate Ayala Corp., and will instead focus on efforts to develop the liquefied natural gas industry.

As landlessness, land grabbing intensifies, so does agrarian unrest
Bulatlat - 2018-06-11
Pacific Nickels Philippines, Inc., a British mining firm, extracts silver, zinc, chrome, and iron in the Suriago area, covering about 25,000 hectares. In the General Santos City area, New Zealand-based corporation Saggitarius Mines, Inc. already extracts ...

Warrior chieftain hostaged and tricked to surrender, Lumad say
Bulatlat - 2018-06-11
The reported surrender of a legendary tribal leader last June 9 in Talaingod, Davao del Norte was an orchestrated gathering by the military that victimized the ailing and elderly chieftain, Lumad organizations and leaders said. Lumad organizations ...

Bank schedules for June 12, Araw ng Kalayaan
Rappler - 2018-06-11
This list will be updated as banks announce their schedules. Only Security Bank branches in NAIA and NAIA Terminal 3 will be open. For assistance, customers call the 24/7 Customer Contact Center at 88-791-88 or email customercare@securitybank.com.

Catubag, Quilario claim BVR International Santa Ana Open tiara
Rappler - 2018-06-11
After struggling against FEU's Jeremiah Barrica and Kevin Hadlocon on opening day, Malaysia went on a 5-match win streak to win the gold. "Actually, it's all about communication," said Aizzat after the pair claimed the $3,500 top prize. Tuguegarao's Charo ...

SM Group celebrates its 60th anniversary
Rappler - 2018-06-11
Celebrities, partners, and stakeholders attended the event. In her opening remarks, Tessie Sy-Coson, Vice Chair of SM Investments Corporation, shared how her father instilled the value of hard work to the whole family. "My father... he was very demanding.

Sanchez: CST
Sun Star - 2018-06-11
Catholic social teaching is that body of social principles and moral teaching that is articulated in the papal, conciliar and other official documents issued since the late 19th century dealing ... "Creation is not a property, which we can rule over ...

CEBU AIR INC
Economic Times - 2018-06-11
Disney, which owns sports network ESPN, has agreed to divest all of Fox's regional sports networks, which provide sports programming for regional and local markets. Xiaomi priced its share offering at HK$17 per share ($2.17), the bottom of a price range of ...

ADB unit keen on supporting LNG hub project
Manila Standard Today - 2018-06-10
PNOC received seven offers from Korea Electric Power Co., Lloyds Energy Group, China National Offshore Oil Corp., Energy World Corp., First Gen Corp., PT. Jaya Samudra Karunia and PT PGN LNG Indonesia/PT Bosowa Corporindo with local partner MOF Corp. for ...

Latest Palace protocols
philstar.com - 2018-06-10
This was to explain why he was not able to move around and mingle with fellow passengers on board the commercial flight of the Philippine Airlines from Seoul. The 73-year-old President Duterte though reassured the Filipino people there was nothing serious ...

Davaoeñas, Malaysians rule beach volley
philstar.com - 2018-06-10
Driving rains and high winds hardly disturbed the poise of Catubag and Quilario, who blazed past DM Demontaño and Jackie Estoquia of Iloilo, 21-14 ... turned back Kevin Juban and Raphy Abanto of University of the Visayas, 21-17, 21-18, to snare the ...

FIT strikes again
thestandard.com.ph - 2018-06-10
A P0.0861 decrease in transmission charge to residential customers by the National Grid Corporation of the Philippines also contributed ... inflation rate attributed to the implementation of the Tax Reform for Acceleration and Inclusion Law among a host ...

BIR ordered to return P50 million in excess taxes to San Miguel
BusinessWorld - 2018-06-10
THE Court of Tax Appeals (CTA) has granted San Miguel Holdings Corp. (SMHC) a partial tax refund of P50.61 million for "excessive" taxes collected by the Bureau of Internal Revenue (BIR). In a 28-page June 6 decision penned by Associate Justice Caesar A.

Parameters for choosing 3rd telco must be tweaked-DOF
BusinessMirror - 2018-06-10
THE selection process for choosing the third telecommunications player in the country must mandate parameters that will enable it to effectively compete with other players, the Department of Finance (DOF) has pointed out, adding that the selection criteria ...

Thais aim to reach peak at Ladies PH Golf Tour
thestandard.com.ph - 2018-06-10
Former three-time Order of Merit winner Cyna Rodriguez banners the local challenge along with recent Eagle Ridge winner Chihiro Ikeda ... KZGm PLDT, Champion, Summit Mineral Water and K&G Golf, are Japanese Ayaka Morimitsu and Natsuki Kishikawa, Korean ...

3 more countries seek to renew air agreements with Philippines
BusinessMirror - 2018-06-10
THE list of countries that the Philippines may update and expand its air-services agreements with this year now includes Switzerland, after the European country expressed interest in modernizing its air pact with the Philippines. Civil Aeronautics Board ...

PAL flies to Tolouse, France to bring home new flagship
BusinessMirror - 2018-06-10
FOUR-STAR Philippine Airlines (PAL) is scheduled to fly to Blagnac airport in Tolouse, France, with a delegation of top airline and aviation executives, including members of the media, to bring home to Manila its brand new A350-900XWB flagship on July 14.

Phoenix Petroleum to roll out discounts nationwide
BusinessMirror - 2018-06-10
DAVAO CITY--Phoenix Petroleum said it was ready to roll out its discounts on gasoline and diesel nationwide "to help cushion the impact of oil-price, increases." On May 29 and 30 selected Phoenix stations in Metro Manila gave promotional P5 off a ...

GERI eyes P8 billion in sales from Ortigas condo
BusinessWorld - 2018-06-10
GLOBAL-ESTATE Resorts, Inc. (GERI) is aiming to generate P8 billion in sales from its fifth residential condominium in Ortigas Center, banking on its proximity to educational institutions and key business districts. In a statement issued over the weekend ...

Solar PHL aims to deliver 24-hour power in 2 towns
BusinessWorld - 2018-06-10
SOLAR Philippines Power Project Holdings, Inc. targets to deliver 24 hours of electricity to two towns in Masbate and Cagayan provinces by the end of June as the company expands its ... the end of this year for the first time in history," he told reporters.

$24-billion stock wipeout attracts top fund to the Philippines
BusinessWorld - 2018-06-10
The Jakarta Composite Index has gained 1.9% since he went public with his bullish stance. The Philippine Stock Exchange Index has rebounded 3.5% from a 14-month low on May 30. Analysts at Credit Suisse Group AG said the gauge has neared bottom in a report ...

ADB unit keen on supporting LNG hub project
thestandard.com.ph - 2018-06-10
"I think the LNG business may be potentially for ADB to come back (to), but the private sector [arm of] ADB. ADB has two lending [arms]-sovereign or government to government, then we have this commercial based private sector department," said ...

Davao council approves new Globe cell towers, antennas
Sun Star - 2018-06-10
This covers the installation of the Globe Telecom's 40.0 meter self support tower (SST) in four areas, namely Barangay Catalunan Pequeño, Talomo District; Purok 8, Barangay Tacunan, Tugbok District; at the compound of Episcopal Diocese of Davao ...

Domeng exits; rains to persist
philstar.com - 2018-06-10
Philippine Institute of Volcanology and Seismology (Phivolcs), in its ... and Region 13 (CARAGA), said NDRRMC executive director and Office of Civil Defense administrator Ricardo Jalad, adding that classes were suspended last Friday and yesterday in ...

Personal Loans for Financing a Startup Business in the Philippines
News Philippines Yahoo - 2018-06-10
PSBank offers two types of personal loans for small and medium businesses in the Philippines: the SME Business Credit Line and the SME Term Loan with Prime Rebate. Borrowers under the term loan can earn rebates when they pay in advance or in excess of ...

Catubag-Quilario tandem nails BVR semis slot
Rappler - 2018-06-09
Becaldo and Sarte, the BVR men's titleholders, won over FEU's Jeremiah Barrica and Kevin Hadlocon, 27-25, 25-21, while Juban and Abanto downed Chui and Itabashi, 21-17, 21-12.

Hon Hai subsidiary starts strong on Shanghai Stock Exchange
Focus Taiwan - 2018-06-09
Shanghai, June 8 (CNA) Foxconn Industrial Internet Co. Ltd. (FII), an Internet-based subsidiary of Taiwan ... big data and artificial intelligence, with its contract electronics operations to expand beyond manufacturing. FII's initial public offering ...

Robinsons Bank plans P5-billion worth of LTNCTDs to fund expansion
Manila Standard Today - 2018-06-08
JG Summit plans to put in P1.8 billion into the bank, while Robinsons Retail Holdings Inc., the retail holding company of the Gokongwei family, will invest another P1.2 billion. The P3-billion capital infusion will enable the bank to meet the P15-billion ...

Globe launches bid to rehabilitate Boracay Island
Manila Standard Today - 2018-06-08
Globe Telecom Inc. has launched long-term conservation and ... Globe executives recently signed an agreement with key leaders of Manila Water Foundation and Boracay Island Water Company (Boracay Water) for the donation of a communal septic tank in Sitio ...

Globe to award P3-M research grant to DSL-CSB faculty on digital learning
newsbytes.ph - 2018-06-08
Mobile operator Globe Telecom will be awarding an annual research grant to full-time faculty from the De La Salle-College of Saint Benilde (DLS-CSB) who will pursue a research study on digital learning. In a three-year partnership signed on Thursday, ...

Globe vows to bring 5G technology to PH next year
newsbytes.ph - 2018-06-08
Mobile operator Globe Telecom has formally announced its 5G wireless technology offerings in the Philippines, with the first 5G "Globe At Home" service to be commercially available by the second quarter of 2019. Globe president and CEO Ernest Cu said ...

Stocks retreat; Ayala Land, Now fall
thestandard.com.ph - 2018-06-08
Now Corp., which is bidding to be the third major telecommunications firm, slumped 4.9 percent to P9.95. SM Investments Corp. of retail tycoon Henry Sy Sr. slipped 1.4 percent to P917.50. The rest of Asian markets retreated on Friday at the end of a ...

A Haven for Smart Luxury
philstar.com - 2018-06-08
director of business development of Conrad Manila. Conrad Manila inspires guests with a haven for smart luxury by Manila Bay, with its 347 guest rooms, dining and leisure options. The hotel is owned by SM Hotels and Conventions Corporation, a subsidiary of ...

Globe official says 50Mbps internet speed possible in 2 years
TechnoChops - 2018-06-08
Globe Telecom, Inc. is one of two telecommunications companies (telcos) that is a part of a duopoly in the industry. At times, the telco is also the recipient of complaints from subscribers wanting faster internet speed. Speaking on behalf of Globe ...

Trade remains a drag in April as exports drop to lowest level in nearly 2 years
BusinessWorld - 2018-06-08
Security Bank Corp. economist Angelo B. Taningco attributed the slump in exports to domestic inflation, which has been rising sharply since January this year. "I think the export decline may have been influenced by domestic inflation rising much faster ...

RCBC prices P15-billion stock rights offering
BusinessWorld - 2018-06-08
RIZAL COMMERCIAL Banking Corp. (RCBC) has set the final terms for its stock rights offer (SRO), through which it looks to raise P15 billion to strengthen its capital ratio and fund its business expansion. In a regulatory filing on Friday, the Yuchengco-led ...

Century Properties to distribute P200M in dividends in July
BusinessWorld - 2018-06-08
CENTURY Properties Group, Inc. (CPG) has allocated a total of P200 million in dividends to be distributed to its shareholders by July 6. In a disclosure to the stock exchange on Friday, CPG said it will be handing out P64.99 million in regular cash ...

51 CSR programs, leaders honored at Asia Responsible Enterprise Awards
Sun Star - 2018-06-08
FIFTY-ONE corporate social programs and leaders across Asia were selected as recipients of the Asia Responsible Enterprise Awards 2018. The awards are organized by Enterprise Asia, the leading non-governmental organization for entrepreneurship to honor and ...

Del Monte cancels IPO on weak market conditions
BusinessMirror - 2018-06-08
THE Philippine unit of Campos-led Del Monte Pacific Ltd. has deferred its listing at the Philippine Stock Exchange (PSE), citing volatile market conditions. The P17.55-billion listing of Del Monte Philippines Inc. (DMPI) would have been the first initial ...

Continuing the family legacy in the age of e-commerce
BusinessWorld - 2018-06-08
Like many Filipino-Chinese boys, 29-year-old Joshua Aragon, CEO and co-founder of online grocery platform Pushkart.ph, grew up as if he was destined to become a businessman. Hailing from the Go family of mall and supermarket chain Ever Gotesco, Aragon was ...

PSBank sees increased usage of cardless withdrawal feature
BusinessWorld - 2018-06-08
Philippine Savings Bank (PSBank) saw pickup in the usage of its cardless withdrawal feature in its automated teller machines as it proves to be "relevant" to the needs of its client base. In a statement, the savings banking arm of Metropolitan Bank ...

PAL to take delivery of Airbus A350-900 in the coming weeks
BusinessWorld - 2018-06-08
Philippine Airlines (PAL) could expect the delivery of its A350-900 aircraft soon as Airbus reported it has successfully flown the new airplane from the assembly line in Toulouse, France, gearing it up for the final phase of production. "The flight marks ...

Phoenix Petroleum expands network by opening new fuel stations
AutoIndustriya.com - 2018-06-08
Phoenix Petroluem continues to strengthen its retail network by opening new stations in various parts of the Philippines. The local, independent oil company now has a total of 530 stations nationwide since opening its first station in Davao back in 2005.

RCBC sets final terms for stock rights offer
BusinessWorld - 2018-06-08
Rizal Commercial Banking Corp. (RCBC) has set the final terms for its stock rights offer (SRO) where it is eyeing to raise P15 billion to strengthen its capital ratio and fund its business expansion. In a regulatory filing Friday, June 8, the Yuchengco-led ...

Globe brings 5G technology to the Philippines
newsbytes.ph - 2018-06-08
Globe Telecom formally announced its fifth-generation (5G) wireless technology adoption in the Philippines, with the first 5G Globe At Home service to be commercially ... individual customers at home and business clients alike. "Air Fiber internet ...

Ortega, bishops discuss Nicaragua violence but fail to reboot talks
Rappler - 2018-06-08
MANAGUA, Nicaragua - Nicaragua's Catholic bishops on Thursday, June 7, met with President Daniel Ortega over reviving stalled talks to quell a political crisis rights groups say has left 134 people dead - but emerged from the closed-door meeting ...

Meralco lowers electricity rates for June
News Philippines Yahoo - 2018-06-08
Power rates will go down by 13 centavos this month due to lower generation and transmission costs according to the Manila Electric Company (Meralco). This means that a typical household consuming 200Kw per month will save P26.00 in their electricity bill ...