Tech Moves: Remitly hires first chief people officer; Amazon VP of finance leaves for Snap; and more
GeekWire - 2018-06-06
Ullman comes to SVB with 20 years of finance and operations experience ... Dhingra founded Seattle-based Phytelligence, an agricultural technology company that provides smart plants to growers, in 2011 and will continue with the company as the chief ...

SSS orients Baguio students on benefits of members
Philippine Information Agency - 2018-06-06
BAGUIO CITY, June 5 (PIA ... The agency has a regional office in all 16 regions and has an information center in 78 provinces across the Philippines.

Filipino tycoon John Gokongwei, Jr.: From riches to rags to riches
Gulf News - 2018-06-06
and Chairman Emeritus of Robinsons Retail Holdings, Inc, among others. He is also a non-executive Director of Manila Electric Company.

Filipino tycoon John Gokongwei, Jr.: From riches to rags to riches
Gulf News - 2018-06-06
Soriano Corporation, executive director of Oriental Petroleum and Minerals Corporation, non-executive Director of Cebu Air, Inc.; deputy chairman of Singapore Land Lt.,, and Chairman Emeritus of Robinsons Retail Holdings, Inc, among others. He is also a ...

Emphasizing diversity, inclusivity
Manila Standard Today - 2018-06-05
As they say, the more, the manyer! My deepest condolences to the Cua family of Philippine Racing Club, Inc. on the recent passing of PRCI Chairman Emeritus Santiago Cua. Drawing on his business acumen honed through decades of experience, he put Santa Ana ...

Plaridel Golf Cup set June 22 at Wack Wack
Manila Standard Today - 2018-06-05
Tee off time starts at 7 a.m. Early roster of corporate and individual sponsors include Oriental Group, PAGCOR, Liwayway Marketing Corporation, GMA-7, Ayala Land Inc., Agila ng Bayan, Manila Water Company Inc., Asia Brewery and Hotel Sogo. Samahang ...

Bloomberry to build casino in Quezon City by mid-2019
Manila Standard Today - 2018-06-05
Bloomberry Resorts Corp. said it will start constructing an integrated resort and casino in Vertis North, Quezon City, its second in the country, by the middle of next year. Bloomberry chairman and chief executive Enrique Razon Jr. said in an interview ...

DMCI Homes set to turn over Lumiere tower
Manila Standard Today - 2018-06-05
DMCI Homes Inc., the real estate subsidiary of the Consunji family, is set to turn over the second building of Lumiere Residences, a three-tower development at the corner of Pasig Boulevard and Shaw Boulevard in Pasig City. DMCI Homes said it would start ...

Phoenix inks deal with CNOOC for LNG project
BusinessWorld - 2018-06-05
In April, Phinma Petroleum and Geothermal, Inc. said it was developing an LNG facility with a 120-megawatt (MW) power plant in Argao, Cebu. Company officials expect the project to be completed by 2022 to 2023. Last month, Lopez-led First Gen Corp. said it ...

Weak peso spurs factories to produce more in April
BusinessMirror - 2018-06-05
The peso has been weakening against the US dollar in the past few months. First Metro Investment Corp.-University of Asia and the Pacific Corporate Market Research expect the trend to continue in June and July to P52.67 and P53.05 to the dollar ...

Opportunity at a career crossroad
Sun Star - 2018-06-05
when retired at 43 years old as senior division manager of Ayala Land Inc. (ALI) and as vice president of Cebu Holdings Inc. Who inspired you to get into business? I actually retired from corporate work to venture into politics when I ran for Congress in ...

Government flags inflation concern
BusinessWorld - 2018-06-05
Michael L. Ricafort, economist at the Rizal Commercial Banking Corp. (RCBC), shared this view, saying: "Another [25 basis point] hike in key policy rates remains possible in the third quarter of 2018 when year-on-year inflation is expected to peak in an ...

April sees more jobs; quality wanting
BusinessWorld - 2018-06-05
Ruben Carlo O. Asuncion, chief economist at Union Bank of the Philippines (UnionBank), noted that agriculture "has always been a laggard, so this is not surprising." "It must be noted that employment in agriculture and its measurement is very tricky ...

Smart targets to have 5G-ready network by 2020
BusinessWorld - 2018-06-05
In a statement, the wireless subsidiary of PLDT, Inc. said it has launched 5G Technolab, a facility that will be assigned for the research and development, standardization, and testing of 5G technology. While 5G has yet to be made available by any operator ...

PSBank looks to use proceeds of planned LTNCD sale to expand consumer segment
BusinessWorld - 2018-06-05
PHILIPPINE SAVINGS Bank (PSBank) said it will raise funds through long-term negotiable certificates of time deposit (LTNCD) to expand its consumer banking segment. In a chance interview, PSBank President Jose Vicente L. Alde said the bank will offer LTNCDs ...

Cebu puts Philippines in the real-estate sustainability map
BusinessMirror - 2018-06-05
Guests are treated to a virtual-reality experience of the lobby of Cebu Exchange by ArthaLand Corp. and ARCH Capital Management. A lot of my work in real estate at that time was surrounding the unification into one district of Ayala Center aim Cebu and IT ...

Shaq delos Santos debuts as head coach of women's national volleyball team
Rappler - 2018-06-05
where the Philippines clinched a bronze medal. The appointment came after multi-titled coach Ramil de Jesus resigned after holding two tryouts prior to the end of UAAP Season 80. The 11-time UAAP champion coach led the De La Salle University (DLSU ...

Bloomberry to build casino in Quezon City by mid-2019
thestandard.com.ph - 2018-06-05
Bloomberry Resorts Corp. said it will start constructing an integrated resort and casino in Vertis North, Quezon City, its second in the country, by the middle of next year. Bloomberry chairman and chief executive Enrique Razon Jr. said in an interview ...

Stocks advance on slowing inflation
thestandard.com.ph - 2018-06-05
SM Investments Corp. of retail tycoon Henry Sy advanced 3.8 percent to P912.50, while International Container Terminal Services Inc., the largest port operator, climbed 2.9 percent to P87.50. Most Asian markets also rose on Tuesday, extending recent gains ...

Robredo to FEU Law grads: Stand up against 'culture of apathy'
Rappler - 2018-06-05
MANILA, Philippines - Vice President Leni Robredo urged graduates of the Far Eastern University (FEU) Institute of Law to speak out against the "growing culture of apathy" over rule of law and human rights in the country. Robredo was the commencement ...

TV ratings war between GMA Network, ABS-CBN continues
BusinessMirror - 2018-06-05
RIVAL broadcasters GMA Network Inc. and ABS-CBN Corp. claimed on separate statements that they led the ratings war last month, citing data from two different sources. GMA Network, the Gozon-led network, claimed to have dominated in the National Urban ...

Speech by SFST at Asia Pacific Loan Market Association Annual Syndicated Loan Market Conference
7th Space - 2018-06-05
According to a report released by the Hurun Research Institute in April this year ... Another area where Hong Kong can play a major role is as the preferred location for corporate treasury centres. Corporations expanding into the economies along the ...

Uy-led Phoenix Petroleum, China's CNOOC sign deal for liquefied natural gas project
philstar.com - 2018-06-05
MANILA, Philippines -- Phoenix Petroleum Philippines, Inc. has signed a memorandum of understanding with a unit of a Chinese oil major to study, plan and develop a liquefied natural gas receiving terminal project in the Philippines. In a disclosure to the ...

Inflation Pain Comes to Philippine Businesses as Oil Climbs
Investing.com - 2018-06-05
Airlines are also seeking to raise ticket prices ... and a law that was implemented this year had raised the taxes on the commodity. The Philippine central bank will do what is needed to anchor inflation and ensure it will meet the target in 2019, Governor ...

Narcisa Atienza cops shot put gold over Villarito
philstar.com - 2018-06-04
Atienza, 38, heaved 13.10m to beat Villarito, who edge her for the javelin mint Saturday, to collect her very first gold in the meet presented by Ayala Corp., City of Ilagan, Milo Nutri-up, Soleus, Soleus watches, Foton, Cherrylume and UCPB. Villarito ...

Stocks take breather ahead of inflation data
philstar.com - 2018-06-04
MANILA, Philippines -- Market investors stayed on the sidelines yesterday ahead of the release today of the inflation figure for May. Foreign selling also prevailed, bringing the prices of some specific issues lower. Thus, the benchmark Philippine Stock ...

Group says conditions ripe for picking new telco player, initiating reforms
newsbytes.ph - 2018-06-04
In a letter sent to Department of Information and Communications Technology ... "At any rate, bringing in the new player early allows it to already start building a core radio network and basic infrastructure, which in any event would be a pre-requisite ...

Due To Weak Peso, High Oil Prices
philstar.com - 2018-06-04
"Core net income fell on margin pressure from higher input costs and fuel prices and weaker peso at Universal Robina Corp., Petrochem and Cebu Air," JG Summit president and chief executive officer Lance Gokongwei said in a recent presentation. URC said ...

Andrew Tan steps down as AGI chief executive
BusinessWorld - 2018-06-04
TYCOON Andrew L. Tan has stepped down as chief executive officer of holding company Alliance Global Group, Inc. (AGI), appointing eldest son Kevin Andrew L. Tan to take his place. In a statement issued Monday, the listed conglomerate said the older Tan ...

Phinma cement unit obtains P875-million loan
BusinessWorld - 2018-06-04
PHINMA CORP. on Monday said its cement trading unit obtained a P875-million loan from Security Bank. In a disclosure, the listed company said PhilCement Corp. signed the five-year fixed-term loan agreement with Security Bank on June 1. "The loan will be ...

LANDBANK surpasses income target
BusinessWorld - 2018-06-04
LAND BANK of the Philippines (LANDBANK) saw its profit decline by a third in April, but still breached its target for the first four months ... two thirds of the Philippine Dealings System Holdings Corp. (PDSHC), previously noting the deal would be ...

Wrong policies that keep oil prices and power rates rising
BusinessMirror - 2018-06-04
He wrote Arroyo on March 7, 2001, to warn her about the harmful provisions of the Epira, calling her attention to the market control and monopoly of Meralco over a huge portion of the power industry, especially the exploitation of Meralco electric consumers.

Wrong policies that keep oil prices and power rates rising
BusinessMirror - 2018-06-04
Distribution utility Meralco, known as a Lopez family-owned company, also charged consumers the contractual costs of electricity bought from the NPC and other distribution utilities. These contractual costs were onerous because of the so-called take-or-pay ...

Wrong policies that keep oil prices and power rates rising
BusinessMirror - 2018-06-04
"From a policy perspective, there was no reason to privatize PNOC Petron even at the time. Why would a government in dire need of cash be willing to let go of a good source of income? PNOC was the biggest government corporation in terms of revenue.

Wrong policies that keep oil prices and power rates rising
BusinessMirror - 2018-06-04
Philippine National Bank and Development Bank of the Philippines. According to the Freedom from Debt Coalition, the idea of rehabilitating the GFIs was the brainchild of then-Finance Secretary Jaime Ongpin and then-Central Bank Governor Jose "Jobo ...

The number one rule for the stock market
BusinessMirror - 2018-06-04
THERE are two subjects that the average person has little understanding about--health and wealth. Did you know that the most deadly cancer with a five-year survival rate of only 7.2 percent and the second-highest frequency of 1 in 65 persons is ...

4 major issues to be tackled before 3rd telco player is chosen
BusinessMirror - 2018-06-04
WHILE it is paramount to address several issues hounding the selection of a third major player in the telecommunications market, it is also equally important to keep the ball rolling and proceed with the process, as this allows both the government to ...

TeaM Energy ready to expand beyond Luzon
BusinessMirror - 2018-06-04
Philippine Savings Bank also participated as a lender to the project.

Fighting Climate Change
thestandard.com.ph - 2018-06-04
Coca-Cola Philippines is supporting the group called Philippine Alliance for Recycling and Materials Sustainability. Meanwhile, Ayala Land Inc., the property development arm of the Ayala Group, is dedicating nearly 500 hectares of its planned carbon ...

How groups are bringing the fight against hunger to schools
Rappler - 2018-06-04
Stakeholders involved were Oquiñena, representatives from Republic Cement Services Inc and members of the Norzagaray government. Republic Cement, a cement manufacturing and distribution company, is supporting the project by funding the building of a ...

Baldwin, Blatchford, top finishers of Ironman Philippines 2018
BusinessWorld - 2018-06-04
We hope the triumph of our Ironmen and Ironwomen today inspires our countrymen to embrace fitness and live healthier lifestyles -- our goal as an organization from the very start," said Greg Banzon, EVP and COO of Century Pacific Food, Inc. The Century ...

Market retreats; URC, Jollibee fall
thestandard.com.ph - 2018-06-04
Universal Robina Corp., the biggest snack food maker, slumped 6.2 percent to P120.80 on concerns higher consumer prices would crimp sales, while Jollibee Foods Corp., the largest fast-food chain, lost P1.2 percent to P280.40. The Philippine Statistics ...

PH is first country in Asia to launch Disney Life app
newsbytes.ph - 2018-06-04
An all-in-one Disney content app has just been launched by Globe Telecom and The Walt Disney Company Southeast Asia at the Glorietta Activity Center in Makati City, making the Philippines its pilot site in Asia and only the second in the world, next to the ...

Verdadero, Cuyom sweep 100m runs
Journal - 2018-06-04
while Cuyom timed 12.80 seconds to upstage teammate Jessel Lumapas and complete a sweep in this event presented by Ayala Corp. and supported by the Philippine Sports Commission (PSC), Milo, Foton, Cocolife, Rebisco and F2 Logistics. The two young runners ...

Meralco expects to start Ghana operation in 2019
thestandard.com.ph - 2018-06-03
Power retailer Manila Electric Co. said it expects to take over the electricity distribution business of the Electricity Company of Ghana in West Africa next year. Meralco president Oscar Reyes said negotiations were ongoing, after the company was chosen ...

Megaworld bares big condo project in San Fernando
Manila Standard Today - 2018-06-03
Megaworld Corp. recently launched its first residential development on its 35.6-hectare Capital Town in San Fernando, Pampanga, which is expected to generate P1 billion in sales. To be called Chelsea Parkplace, the 12-storey residential tower will offer ...

PLDT unit creates platform to help farmers access financing, markets
BusinessMirror - 2018-06-03
FINTQnologies Corp. (Fintq) said over the weekend it is keen on rolling out within the year an online platform that seeks to allow farmers to tap "affordable" financing and sell directly to consumers. Fintq, the financial-technology arm of PLDT-owned ...

MPT South to extend Cavitex with P23.2-billion investment
BusinessMirror - 2018-06-03
AFTER investing roughly P700 million to enhance the capacity and decongest the Manila-Cavite Toll Expressway (Cavitex), Metro Pacific Tollways South Corp. (MPT South) plans to further extend the thoroughfare through a P23.2-billion investment to serve more ...

Poll puts May price hike past target
BusinessWorld - 2018-06-03
Sought for comment, Michael L. Ricafort, economist at Rizal Commercial Banking Corp., said via e-mail: "Inflation has increased since the start of 2018 due to higher global crude oil prices, higher US dollar/peso exchange rate among 12-year highs ...

With RRR cut, more Filipinos have funds to invest in RTBs-finance chief
BusinessMirror - 2018-06-03
... issue managers include the Development Bank of the Philippines (DBP), BDO Capital & Investment Corp., the Bank of the Philippine Islands Capital Corp., Security Bank Capital, and the Metropolitan Bank and Trust Co. RTBs are medium- to long-term ...