MPIC unit buys Cavite property of Pro-Friends
thestandard.com.ph - 2018-06-18
Metro Pacific made its initial foray in the logistics business in 2016 when it acquired the assets of mid-sized corporate logistics provider Basic Logistics for P2.17 billion due to strong demand for logistics services in the country.

Infracorp may hire different operator for Skytrain project
BusinessMirror - 2018-06-18
It envisions to benefit around 60,000 to 100,000 passengers daily going to and from the bustling business districts of Makati and Taguig. "We envision to connect Makati to Taguig and vice versa. These two largest business districts in the country need an ...

SE Asia Stocks-Most extend losses; Philippines hits over 1-yr closing low
Reuters - 2018-06-18
Philippine shares ended 1.5 percent lower ... boosted by an extended surge in pharmaceutical shipments. Indonesian financial markets are closed through Tuesday, June 19, for Eid Al-Fitr. For Asian Companies click; SOUTHEAST ASIAN STOCK MARKETS Change ...

NorMin fisher folks attend labor standards, OSH compliance orientation
Philippine Information Agency - 2018-06-18
The order highlights employment standards, such as minimum wage, holiday and premium pay, additional premium pay, overtime pay, night shift, differential pay, 13th-month pay, service incentive leave, social security benefits, and other benefits provided ...

NorMin fisher folks attend labor standards, OSH compliance orientation
Philippine Information Agency - 2018-06-18
The order highlights employment standards, such as minimum wage, holiday and premium pay, additional premium pay, overtime pay, night shift, differential pay, 13th-month pay, service incentive leave, social security benefits, and other benefits provided ...

Bank pilots digital lending
The Visayan Daily Star - 2018-06-18
MANILA - Rizal Microbank, a subsidiary of Rizal Commercial Banking Corp., is testing its digital lending among corn farmers in Mindanao, and will soon expand the financial product in other parts of the country. Rizal Microbank president Raymundo Roxas said ...

SurSur guv earns praise for SOPA
Philippine Information Agency - 2018-06-18
Pimentel had put premium on the much improved peace and order situation citing a "12 percent reduction in crime volume and a decrease in crimes against persons and properties ... legendary figure of the 20th Century," he made sure to recognize ...

MPIC logistics unit to spend P8 billion for expansion
BusinessWorld - 2018-06-18
The logistics unit of Metro Pacific Investments Corp. (MPIC) will be rolling out P8 billion for the development of warehouses and purchase of equipment that will transform it into a leading player in the logistics space. In a disclosure to the stock ...

Ayala shifts focus overseas with aggressive Southeast Asia push
Nikkei Asian Review - 2018-06-18
Ayala Land, the conglomerate's real estate arm, has earmarked 2 billion pesos ($38.5 million) to acquire some 37,500 square meters of land in Klang Valley, a region that encompasses Kuala Lumpur, Malaysia's vibrant capital, and numerous smaller cities that ...

Diokno concerned with 'short' Swiss challenge period for Marawi rehab
Rappler - 2018-06-18
The consortium came under the spotlight when it was found that two of the Chinese companies were blacklisted by the World Bank in 2009. Malacañang defended China State Construction Engineering Corporation and China Geo-Engineering Corporation, saying they ...

Doria to remain at CCPO in absence of post for him
philstar.com - 2018-06-18
Philippine National Police (PNP ... from the PNP and was hailed as one of the top ten Most Outstanding Filipino Men and Women by the Metrobank Foundation. Albayalde said that just like the previous commander of the Police Regional Office (PRO)-7 Chief ...

Century Properties Group to launch P2.8-billion Batangas project
BusinessWorld - 2018-06-18
Century Properties Group, Inc. (CPG) will be launching its second affordable housing project in Lipa, Batangas, where it expects to generate P2.8 billion in sales over the next three to five years. The listed property developer is set to unveil PHirst Park ...

Debt-ridden soldiers to undergo financial management seminar -- AFP
UNTV - 2018-06-18
The Armed Forces of the Philippines (AFP) will conduct a financial management training for its members to prevent them ... and the anti-kidnapping groups of the Moro National Liberation Front (MNLF). "Upon the instructions of President Rodrigo Duterte ...

Central Visayas gets 200,000 sacks of new rice supply
Sun Star - 2018-06-18
These are part of the promised 500,000 sacks of imported rice that the National Food Authority (NFA) will distribute in Central Visayas, particularly to National Government agencies, local government units and its official retailers. Rice retailers expect ...

Metro ties up with large FMCG firms to sell their brands
Economic Times - 2018-06-18
Metro ... stores faced difficulty in purchasing stock from consumer goods distributors due to a cash-crunch with the wholesale channel almost collapsing for a few weeks especially in rural markets. The Düsseldorf-based retail and wholesale group, however ...

National poomsae tourney slated June 23-24
philstar.com - 2018-06-18
MANILA, Philippines -- The Philippine Taekwondo Association ... CARAGA and NCR while the chapters include Central Gymnasium, Powerflex, Ateneo, San Sebastian College, UP, San Beda College, La Salle Zobel, DLSU, Team Baguio, Pangasinan, Cebu, Bulacan ...

Philippine officials off to Tokyo for samurai bond roadshow
philstar.com - 2018-06-17
MANILA, Philippines -- A Philippine delegation is ... is scheduled to meet officials from Daiwa Securities Group, Nomura Holdings Inc, Mizuho Bank Ltd., Sumitomo Mitsui Banking Corp., and Mitsubishi UFJ Financial Group. to discuss the samurai bond float ...

Stock market eyes BSP meeting
Manila Standard Today - 2018-06-17
Weekly top price losers, meanwhile, were Lopez Holdings Corp., which declined 12.7 percent to P3.65; Rizal Commercial Banking Corp., which dropped 8 percent to P30.45; and SM Prime Holdings Inc., which fell 7.8 percent to P34.75. Meanwhile, Wall Street ...

Alliance Global begins monorail project in Makati
Manila Standard Today - 2018-06-17
INFRACORP Development Inc., a unit of Alliance Global Group Inc. of tycoon Andrew Tan, said it may select its operations and maintenance partner and as well as the technology supplier for its planned P3-billion sky train monorail project by the last ...

Ombudsman suspends 4 ERC commissioners anew
philstar.com - 2018-06-17
Ana, who were able to return to their posts after securing a temporary restraining order from the Court of Appeals (CA) on the one-year suspension order earlier this year, will now have to again vacate their post. The Ombudsman ordered their suspension ...

Visionaries and scoundrels made the Los Angeles Times, which returns to local ownership after 18 years
Los Angeles Times - 2018-06-17
Security First National Bank At the same time, Chandler began buying property where that water would end up. One of his syndicates, the Los Angeles Suburban Homes Company ... while The Times became the largest metropolitan newspaper by circulation in ...

3 passengers held for bomb joke, bullet, false claim
philstar.com - 2018-06-17
In a complaint filed by Philippine Airlines flight attendant Marissa Galvez, Malimban, who works as a manager for a company in Riyadh, made a scene after he was refused a third glass of wine. When the attendants prevented Malimban from getting a bottle of ...

Aboitiz, Nueva Ecija co-op ink renewable energy agreement
BusinessMirror - 2018-06-17
Luis Miguel Aboitiz, EVP and COO of AboitizPower Corporate Business Group, said the company "continuously strives to address the increasing demand for RE." "The Cleanergy brand is our solution to the growing demand for RE in the country," he was ...

Ombudsman orders new suspension of 4 ERC execs
BusinessMirror - 2018-06-17
The suspension stemmed from the syndicated estafa complaint filed by consumer group National Association of Electricity Consumers for Reforms Inc. (Nasecore) against the four ERC commissioners in connection with the alleged unauthorized use by Meralco of ...

BSP could maintain policy for now -- poll
BusinessWorld - 2018-06-17
The government reported a 4.6% inflation rate in May ... "I do not expect any change in the key local policy rates in the next monetary policy-setting meeting, especially if crude oil prices continue to hover at near two-month lows (amid expectations ...

This Palawan tourist site uses bamboo-not plastic-straws
BusinessMirror - 2018-06-17
Mariglo Laririt, director for sustainability of ALI subsidiary Ten Knots Development Corp. (TKDC), said that respecting the natural environment has always been a cherished value of the company since its founding in the 1980s. Ayala Land acquired the ...

Tan-led Infracorp eyes O&M partner for Skytrain
BusinessWorld - 2018-06-17
Companies have recently been showing interest in pet care clinics, with Gokongwei-led Robinsons Retail Holdings, Inc. also venturing into the segment through a franchise agreement with Singaporean firm Pet Lovers Centre. Infracorp and Megaworld are both ...

NLEX flags high oil prices as concern
BusinessWorld - 2018-06-17
The Metro Pacific Investments Corp. (MPIC) tollways unit saw a net income of P1.29 billion in the January to March period, 20% higher than the P1.07 billion it earned in the same period last year. In May, there was a series of price increases from oil ...

WB-funded wastewater project completion delayed to 2019
BusinessWorld - 2018-06-17
The project supports investments of water concessionaires Manila Water Company, Inc. (MWCI) and Maynilad Water Services, Inc. (MWSI) -- through Land Bank of the Philippines (LBP) -- in increasing collection and treatment of wastewater from households and ...

ERC commissioners ordered suspended anew
BusinessWorld - 2018-06-17
"The suspension order is now the subject of a petition we filed with the Court of Appeals," said Rolando B. Faller, the legal counsel of ERC commissioners Alfredo S. Non, Gloria Victoria C. Yap-Taruc, Josefina Patricia M. Asirit and Geronimo

apl.de.ap, Thames school offer scholarship for creative pursuits
Sun Star - 2018-06-17
Apl.de.ap of Black Eyed Peas, through the apl.de.ap Foundation, and Thames International Business School recently launched the program in Cebu, along with the British Council, Department ... a minimum college education experience of at least two years ...

Ombudsman again suspends ERC commissioners
Rappler - 2018-06-17
MANILA, Philippines - The Office of the Ombudsman again suspended 4 commissioners of the Energy Regulatory Commission (ERC) due to "neglect of duty," for tolerating the alleged misuse of bill deposits by the Manila Electric Company (Meralco). Overall ...

Glimmer of hope for Romania's faded architectural gems
Rappler - 2018-06-17
"It's a tactic of real estate developers - let monuments go to rack and ruin ... an emblematic Art Nouveau monument from the early 20th century, is crumbling away. Built at the start of the last century by Daniel Renard, an architect of Swiss origin ...

RE MAX HOLDINGS INC
Economic Times - 2018-06-17
Not only did the bet fizzle out, some global hedge funds even say they fell victim to a ... So it was interesting to note which company would help usher it into the new millennium. The China operations of all major American brands, ranging from Coca ...

Gokongwei invests in mobile banking
Manila Standard Today - 2018-06-16
Oriente, a global financial services and technology company and JG Summit Holdings Inc., the holding company of the Gokongwei family, announced an initial investment of P10 billion ($ 200 million) over three years to build and expand the reach of a bespoke ...

Best OPM bands + mobile app for Fête de la Musique 2018
BusinessMirror - 2018-06-16
The 24th edition of Fête de la Musique is presented by AFM, in partnership with B-Side Productions and the Embassy of France to the Philippines and San Miguel Corporation as copresentor.

PAL to take delivery of Airbus 350-900 in the coming weeks
BusinessWorld - 2018-06-16
PAL Holdings, Inc., the listed operator of PAL, saw its net loss sink deeper in the first quarter at P1.1 billion, largely due to the fuel cost issue. In a regulatory filing, the company reported its expenses were driven by spending for fuel and oil ...

Gokongwei invests in mobile banking
thestandard.com.ph - 2018-06-16
Oriente, a global financial services and technology company and JG Summit Holdings Inc., the holding company of the Gokongwei family, announced an initial investment of P10 billion ($ 200 million) over three years to build and expand the reach of a bespoke ...

28 Successful Executives Share the Best Advice They Received From Their Dads
Inc. - 2018-06-16
Andy Wiederhorn, president and CEO of FAT Brands, Inc., a global franchising company that develops ... Adam Callinan, cofounder and CEO of BottleKeeper, which was recently featured on Good Morning America and The View 4. Your name is all you have, so ...

PLDT keeping remaining shares in Rocket Internet
philstar.com - 2018-06-16
MANILA, Philippines -- Telco giant PLDT Inc. is holding on to its remaining shares in European internet company Rocket Internet after selling the bulk of its stake last month. PLDT chairman and chief executive officer Manuel V. Pangilinan said the telco ...

Southville now offers AI, mobile app specializations to IT students
newsbytes.ph - 2018-06-16
Las Piñas-based Southville International School and Colleges (SISC ... efficient and sustainable one," said Dr. Aris Ignacio, dean of the College of Information Technology. Aside from adding tracks to its IT course, SISC has also upgraded the ...

CFPB announces settlement with consumer lenders charged with unlawful debt collection and credit reporting practices
JD Supra - 2018-06-15
The CFPB announced that it has entered into a consent order with Security Group Inc. and its subsidiaries (Security Group ... other entities were primarily in the business of purchasing retail installment contracts from auto dealers.

Shifting to 5th gear: How Globe is preparing for its 5G-technology rollout next year
BusinessMirror - 2018-06-15
GLOBE Telecom Inc. last week announced its 5G wireless technology adoption in the Philippines that will be made commercially available by the middle of next year via its home broadband services. Globe President and CEO Ernest Cu said at the launch that the ...

SMC redefines its vision, mission
thestandard.com.ph - 2018-06-15
Say ECJ and RSA: "The impact of the expansion of our food and beverage businesses becomes even more compelling in light of our decision to consolidate San Miguel Brewery Inc., San Miguel Pure Foods Co. Inc., and Ginebra San Miguel Inc., into one ...

CA upholds pro-Maynilad ruling
thestandard.com.ph - 2018-06-15
The Court of Appeals upheld the ruling of a lower court giving the final award to Maynilad Water Services Inc. over a tariff dispute with Metropolitan Waterworks and Services Inc. Metro Pacific Investments Corp., the parent of Maynilad, said in a ...

BPI raising $2-billion to fund operations, expansion
thestandard.com.ph - 2018-06-15
Bank of the Philippine Islands, the third largest lender in terms of assets, is putting up a medium-term note program amounting up to $2 billion or its equivalent in other currencies to fund future expansion and operations. BPI, a member of conglomerate ...

Nothing to be afraid of? Other countries use their national IDs in countless ways
Rappler - 2018-06-15
Aside from these functions, it can also be used for digital signatures, i-Voting, checking medical records, submitting tax claims, and using e-Prescriptions ... The program allows foreigners to manage and conduct EU business from anywhere in the world.

AT&T closes mega-merger with Time Warner
Rappler - 2018-06-15
This fueled speculation that Trump could be retaliating due to critical coverage of his administration from news broadcaster CNN, a Time Warner property ... television assets of Rupert Murdoch's 21st Century Fox, topping an offer from Walt Disney Co ...

Megaworld to launch P80-B worth of projects this year
BusinessWorld - 2018-06-15
The balance will come from Suntrust Properties, Inc. through its projects in Quezon City, Cavite, Davao, Baguio, and the Bicol Region. "This record launch of new residential projects in a year is intended to further boost our aggressive position as the ...

New passport payment scheme to ease application process
philstar.com - 2018-06-14
Applicants can pay the passport processing fee through any of the following payment centers: Bayad Center; EcPay; Pera Hub; Robinsons Business Center and Department Store; Walter Mart Department Store; 7-Eleven; USCC Western Union and Villarica Pawnshop.