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PSE acquires San Miguel’s stake in PDS for P80 million

22h bworldonline
THE Philippine Stock Exchange, Inc. (PSE) has increased its stake in the Philippine Dealing Systems Holdings Corp. (PDSHC), after buying the shares held by San Miguel Corp. (SMC) for P80 million. (19-0)

SSS considering to invest in PSE

PSE welcomes 2018: Photo 1 (L-R): PSE Treasurer Omelita J. Tiangco; PSE Director Amor C. Iliscupidez; PSE President and CEO Ramon S. Monzon; PSE COO Roel A. Refran and PSE Director Alejandro T. Yu. (19-0)

BPI, Genus plc boost partnership to modernize pig farms

Ayala-led Bank of the Philippine Islands (BPI) has signed a new partnership deal with world-leading animal genetics company Genus plc to promote state-of-the-art pig farming in the Philippines, with a commitment to quadruple lending portfolio to this farm segment to P4 billion in the next few years. (19-0)

New hearings on coco levy fund set

The Sandiganbayan has ordered a new round of hearings on the Coconut Industry Investment Fund (CIIF), known as coco levy funds, 14 years after the Supreme Court ruled that the funds were owned by coconut farmers. (19-0)

PLDT, Globe wary of government’s plan to reallocate frequencies

2018-01-14 bworldonline
PLDT, Inc. and Globe Telecom, Inc. are wary of the plan of the Department of Information and Communications Technology (DICT) to ensure a more “equitable” allocation of frequencies in the telecommunications industry, particularly when a third player comes in. (28-0)

Andanar: South Korea's LG interested in being 3rd telco player

2018-01-13 beta.philstar
MANILA, Philippines — LG Uplus Corp, South Korea's third-largest mobile carrier, is eyeing to be the Philippines’ third telecom player that will challenge a longstanding duopoly that has angered consumers in a nation said to have the slowest internet speed in the Asia Pacific. (29-0)

Henry Sy, Jr. forays into cement business

2018-01-11 bworldonline
COMPETITION in the cement industry is heating up with the entry of a start-up backed by the son of the country’s richest man Henry T. Sy, Sr., promising a revolutionary manufacturing process that will produce the world’s “strongest and greenest” cement. (34-0)

Market closes down 1.2%

The local stock barometer pulled back sharply yesterday as rising bond yields curbed risk-taking across regional markets. (24-0)

PSEi slips to 8,800

The local stock barometer pulled back sharply on Thursday as rising bond yields curbed risk-taking across regional markets. (24-0)

Excess, ease, and heritage

2018-01-10 bworldonline
AS IN fashion, food also follows trends that mirror what society at present wants (but says they need). San Miguel Pure Foods played trend forecaster this year when the company showcased food trends that it predicts will sizzle this year. (22-0)

SMC unit breaks ground for C-6 Phase 1

2018-01-09 beta.philstar
MANILA, Philippines — San Miguel Corp. (SMC) unit Citra Intercity Tollways Corp. broke ground yesterday for the first phase of the Southeast Metro Manila Expressway (SEMME) or Metro Manila C-6 Road Expressway which will link the Skyway Stage 1 in the Food Terminal Inc. Complex in Taguig to Batasan complex in Quezon City. (19-0)

'Build Build Build’s challenges

2018-01-09 beta.philstar
With many good golf courses in the south as far as Calamba, heading back north for us golfers after a game often means having to use C-5 or EDSA, which are both severely congested in the early afternoons, especially on a Saturday. (19-0)

YEARENDER : As competition tightens, oil firms detour into non-fuel business

2018-01-08 beta.philstar
MANILA, Philippines — For oil companies, competition no longer stays in the arena of getting a bigger share in the Philippine retail fuel market. (31-0)

Business looks southward even as reality hits home

2018-01-07 bworldonline
THE RISE to power of President Rodrigo R. Duterte fuelled hopes of finally ending decades of insurgency in Mindanao to help unlock its potential as an investment haven. (29-0)

PSE index hits new high, breaks 8,800

The local stock barometer zoomed to another record high, breaching the 8,800 mark in intra-day trade on Friday alongside bullish global equities. (33-0)