Meralco told to explain rate hike due to TRAIN

2018-01-12 beta.philstar
MANILA, Philippines — Energy Secretary Alfonso Cusi has ordered Manila Electric Co. (Meralco) to explain how it came up with the  eight centavos per kilowatt-hour (kwh) increase in electricity bills as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) law. (7-0)
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Petron plans $500-M perpetual capital securities

2018-01-12 beta.philstar
In its disclosure to the Philippine Stock Exchange yesterday, the San Miguel-controlled oil firm said it will issue senior perpetual capital securities worth $500 million on January 19. File (5-0)
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Index ends flat as investors reposition

2018-01-12 beta.philstar
MANILA, Philippines — The stock market closed flat yesterday, still unable to recover after its recent correction, as investors recalibrate their portfolios, analysts said. (5-0)
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SBITC sees better performance this year

2018-01-12 bworldonline
SUBIC BAY International Terminal Corp. (SBITC) sees its performance improving this year, buoyed by both the government and private sector’s interest to invest in the Subic Bay Freeport Zone. (1-0)
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Canada's Sun Life sees $200 mln Q4 charge from U.S. tax reform

2018-01-12 reuters
Jan 12 (Reuters) - Canadian insurer Sun Life Financial said on Friday it will take a one-time charge of about $200 million in the fourth quarter due to the impact of the recently enacted U.S. tax reform. (6-0)
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BRIEF-Sun Life Financial To Take Charge Of About $200 Mln Related To U.S. Tax Reform

2018-01-12 reuters
* SUN LIFE FINANCIAL - EXPECTS TAX EXPENSE INCLUDED IN 2018 UNDERLYING NET INCOME TO DECREASE BY ABOUT $130 MILLION (6-0)
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Naia porter lauded anew for honesty

2018-01-12 newsinfo.inquirer.net
The management of Ninoy Aquino International Airport has lauded a porter who returned a pouch containing US$3,600 and other bills accidentally left by a Chinese student. (3-0)
FEU

South-east Asia stocks rise, Thai shares hit record high

2018-01-12 themalaymailonline
Thai shares rose as much as 0.7 per cent to hit a record high, with gains led by energy and financial stocks. — Reuters picSINGAPORE, Jan 12 — South-east Asian stock markets rose toiday, tracking gains in Asian equities and Wall Street, as strong Chinese trade data, higher oil prices and indications of a strong US corporate earnings season lifted sentiment. (11-0)
BDO BDOUF BDOUY ICT ICTEF JDSHF JSHLY U11 UOVEF UOVEY

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)
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Zarate: Devanadera may face raps for holding meetings with suspended ERC execs

2018-01-12 newsinfo.inquirer.net
A militant lawmaker assailed the Energy Regulatory Commission (ERC) on Friday for “obstinately defying” the order of the Office of the Ombudsman suspending four ERC commissioners over the alleged anomalous power supply agreements. (3-0)
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Market closes down 1.2%

2018-01-11 business.inquirer.net
The local stock barometer pulled back sharply yesterday as rising bond yields curbed risk-taking across regional markets. (24-0)
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Dennis Uy’s Phoenix completes FamilyMart acquisition

2018-01-11 bworldonline
PHOENIX PETROLEUM Philippines, Inc. has finalized its purchase of FamilyMart convenience stores in the country, allowing Davao-based businessman Dennis A. Uy’s company to take over the retail chain previously owned by the Ayalas and Tantocos. (15-0)
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ZTE positions self as third telco player

2018-01-11 business.inquirer.net
DAVAO CITY—A Chinese telecommunications and data services giant has partnered with a Davao-based telco to put up some 50,000 microcell towers across the country over the next five years. (9-0)
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Popular convenience store opens in Agusan Sur

2018-01-12 business.inquirer.net
SAN FRANCISCO, Agusan del Sur—Popular global 24/7 convenience store chain 7 Eleven opened its first store in Agusan del Sur here on Friday.
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City Savings buying out IFC in PR Savings Bank

2018-01-11 beta.philstar
MANILA, Philippines — The investment arm of the World Bank is unloading its interest in Isabela-based thrift bank Philippine Resources Savings Bank in favor of the unit of Aboitiz-led Union Bank of the Philippines. (8-0)
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Stocks retreat as investors continue to take profit

2018-01-11 beta.philstar
The benchmark Philippine Stock Exchange index (PSEi)shed 107.04 points, or 1.20 percent, to finish at 8,813.25. (5-0)
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NLEX to spend P19 B for tollway projects this year

2018-01-11 beta.philstar
MANILA, Philippines — Metro Pacific Investments Corp. (MPIC) unit NLEX Corp. is alloting P19 billion in capital expenditures for tollway projects this year. (5-0)
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Shakey’s to open 20 new stores this year

2018-01-11 bworldonline
SHAKEY’S PIZZA Asia Ventures, Inc. (SPAVI) disclosed on Thursday plans to open 20 stores in 2018, banking on the positive sentiment of consumers and urbanization of areas outside Metro Manila. (5-0)
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ICTSI unit to issue $400 M securities

2018-01-11 beta.philstar
MANILA, Philippines — International Container Terminal Services Inc. (ICTSI) subsidiary Royal Capital B.V. is raising $400 million from the issuance of securities for acquisitions, capital expenditures and other corporate requirements. (6-0)
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MPIC seen to complete tech review of MRT-3 this month

2018-01-11 beta.philstar
MANILA, Philippines — The Department of Transportation (DOTr) expects Metro Pacific Investments Corp. (MPIC) to complete its technical due diligence for its unsolicited proposal for the Metro Rail Transit Line 3 (MRT-3) this month. (5-0)
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Pizza parlor chain sets P500-M capex for 2018

2018-01-11 business.inquirer.net
Leading pizza parlor chain Shakey’s Pizza Asia Ventures Inc. (Spavi) has earmarked about P500 million to roll out new restaurants, spruce up old stores and upgrade its central production hub. (5-0)
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PXP Energy, partners farm out 35% stake in Peru oil prospect

2018-01-11 beta.philstar
MANILA, Philippines — Upstream oil and gas firm PXP Energy Corp. and its partners have taken in a new investor in the Peru oil prospect, UK-listed oil explorer Tullow Oil. (4-0)
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Meralco expects 5% sales volume growth for 2017

2018-01-11 beta.philstar
Meralco president Oscar Reyes said the company forecasts sales volume to grow by 4.9 percent, slightly higher than previous the expectation of 4.5 percent. (3-0)
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Meralco customers’ power usage growth slows to about 4.9%

2018-01-11 bworldonline
MANILA ELECTRIC Co. (Meralco) said power usage within its franchise areas rose about 4.9% by volume in 2017, lower than the growth posted in 2016, its president said. (3-0)
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PSEi slips to 8,800

2018-01-11 business.inquirer.net
The local stock barometer pulled back sharply on Thursday as rising bond yields curbed risk-taking across regional markets. (24-0)
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It's Hard to Jump on the 218,000% Crypto Bandwagon - Bloomberg Gadfly

2018-01-11 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (14-1)
0005 0656 532454 BHARTIARTL BHRQY FOSUF FOSUY GLO GLOPA GLOPP GTMEF GTMEY HBCYF HCS HSB HSBC HSEA HSEB PYPL RKUNF RKUNY

Dennis Uy completes FamilyMart PH buyout

2018-01-11 business.inquirer.net
Davao-based businessman Dennis Uy has completed his 100-percent buyout of Philippine FamilyMart CVS Inc. (PFM), which operates a chain of 67 convenience stores in the Philippines, from the Ayala and Tantoco groups and their Japanese partners. (10-0)
ALI AYAAF AYAAY ITOCF ITOCY PHSXY PSE PSKXF SSI

South-east Asia falls tracking Asian shares, Wall Street

2018-01-11 themalaymailonline
Philippines falls as much as 1.7 per cent on broad-based losses, its worst intra-day decline in almost three months. — File picSINGAPORE, Jan 11 — Most South-east Asian stock markets dropped today, tracking Asia and Wall Street overnight which snapped a six-day rally on investor concerns that China, the world's biggest holder of US Treasuries, might slow or halt its bond buying. (12-0)
5347 6888 AXXTF HCTPF HUPHY JDSHF JSHLY NS8U SM SMIVY SVTMF TNABF TNABY

NEA sees minimal impact of higher coal tax on power rates in provinces

2018-01-11 beta.philstar
MANILA, Philippines — The National Electrification Administration (NEA) expects power rate hikes in the provinces to be minimal despite higher coal taxes under the Tax Reform for Acceleration and Inclusion (TRAIN) law. (7-0)
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Shakey’s to open 20 new PH stores this year

2018-01-11 business.inquirer.net
The country’s leading pizza parlor chain Shakey’s Pizza Asia Ventures Inc. (SPAVI) will continue its expansion program after a “banner” year in 2017 with a goal to open 20 new local restaurants to reach a total of 228 stores at yearend, riding on increasing consumer affluence in the country. (5-0)
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Meralco joins call to resolve ERC vacuum

2018-01-11 beta.philstar
MANILA, Philippines — The speedy resolution of the leadership vacuum at the Energy Regulatory Commission (ERC) will serve the best interest of power players and consumers since the power industry is a heavily regulated one, according to the top official of Manila Electric Co. (Meralco). (3-0)
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Food halls, ‘pandan’ desserts, Michelin-star restos for 2018

2018-01-11 lifestyle.inquirer.net
It’s time we said goodbye to rainbow-hued beverages, sushi burgers and dewdrop cakes, to welcome a slew of new dishes. Here’s what you can expect in food this year. (5-0)
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PSEi slightly down but stays above 8,900

2018-01-10 business.inquirer.net
The local stock barometer ended flat but stayed above the 8,900 level yesterday as some investors reassessed their portfolios following the recent run-up to record highs. (10-0)
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50 firms Shariah compliant – PSE

2018-01-10 beta.philstar
The latest count was a result of the screening conducted by IdealRatings Inc. based on the Accounting and Auditing Organization for Islamic Finance Institutions (AAOIFI) standards for Shariah compliance. (12-0)
ARA ATN ATNB C05 CEU CIC CPM CROWN DAVIN DMC DMCHY DMCIF DMCP FEU FNI HCPHY HLCM IRC JBFCF JBFCY JFC KEP LBC LC LCB MVC SUAFF

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)
PF PFP PFP2 SMC SMC2A SMC2B SMC2C SMC2D SMC2E SMC2F SMCP1 SMGBF SMGBY SMPFF SMPFY

Anchor Land ventures into urban bedspaces

2018-01-10 beta.philstar
MANILA, Philippines — Anchor Land is making its foray into the urban bed-spacing segment, targeting young employees who want to save time amid the worsening traffic in Metro Manila. (10-0)
ALI AYAAF AYAAY DMC DMCHY DMCIF DMCP

VMC earnings drop 61% in Sept-Nov 2017

2018-01-11 beta.philstar
MANILA, Philippines — Listed sugar miller Victorias Milling Co. Inc. (VMC) saw its net income decline 61 percent in the first quarter of the current crop year due to lower prices. (1-0)
VMC

Japan’s MUFG Bets on Indonesia’s Growing Middle Class | Institutional Investor

2018-01-10 institutionalinvestor
The Japanese banking conglomerate is taking a majority stake in PT Bank Danamon Indonesia to profit from the region’s newly flush consumers. (6-0)
8306 MBFJF MTU SECB SYBJF

Meralco customers get big relief in Jan bills

2018-01-10 business.inquirer.net
Residential customers of Manila Electric Co. (Meralco) will enjoy lower rates for the second month in a row, this time by 52.6 centavos per kilowatt-hour, as the firm’s long-term suppliers and the spot market saw a decrease in electricity costs. (3-0)
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Palace: South Korean telco keen to be third player

2018-01-10 bworldonline
A SOUTH KOREAN firm, apart from Beijing’s China Telecom, is interested in entering the telecommunications industry in the country, according to Communications Secretary Jose Ruperto Martin M. Andanar. (10-0)
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Tourism investment gate opens

2018-01-10 beta.philstar
The Tourism Infrastructure and Enterprise Zone Authority (TIEZA) appears to be in a frenzy approving new tourism economic zones (TEZs) and promising the approval of many more this year. (6-0)
AGI ALGGF ALGGY GTHKF RWM S21

Meralco to reduce electricity rates this month

2018-01-10 bworldonline
HOUSEHOLDS can expect a reduction in the cost of electricity in January as Manila Electric Co. (Meralco), the country’s biggest distribution utility, announced on Wednesday it will lower rates by P0.5260 per kilowatt-hour (kWh). (7-0)
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CANADA STOCKS-TSX flat as Corus, Klondex fall; resources stocks gain

2018-01-10 reuters
TORONTO, Jan 10 (Reuters) - Canada’s main stock index hovered around unchanged in morning trade on Wednesday, pressured by slumps in media company Corus Entertainment Inc and miner Klondex Mines Ltd but buoyed by gains among other miners, financial stocks and some energy companies. (8-0)
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Index retreats from record territory

2018-01-10 beta.philstar
MANILA, Philippines — The benchmark Philippine Stock Exchange index (PSEi) pulled back yesterday after soaring to a record high on Tuesday. (5-0)
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FDIs close in on 2017 goal with Oct. surge

2018-01-10 bworldonline
NET foreign direct investment (FDIs) flows to the Philippines soared in October, logging the biggest amount in one-and-a-half years that brought the official 2017 target within reach. (6-0)
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AIG Goes From Lifeline to the Deal Frontline - Bloomberg Gadfly

2018-01-09 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (139-0)
0945 8685 AIG AMP APO AVF CNA CS CSGKF CSSLF DGLD DSLV LNC MFC MFC PFG QBE QBEIF QBIEY RSA RSAB RSAIF RSNAY THG THGA TVIX UGLD USLV VIIX VIIZ VOYA XIV ZIV

7’0” Kai Sotto believes he needs to work harder to crack 2023 World Cup team

2018-01-10 bworldonline
IT’S still five years from now and Gilas Pilipinas coach Chot Reyes already crafted the future composition of the national team seeing action in the 2023 World Cup, which the Philippines will be hosting along with Indonesia and Japan. (3-0)
FEU

PSEi slips but clings to 8,900

2018-01-10 business.inquirer.net
Traders blow their horns to celebrate the last day of trading for 2017 at the Philippine Stock Exchange in Makati City. —RICHARD A. REYES (10-0)
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VMC earnings drop 61% in Sept-Nov

2018-01-10 beta.philstar
MANILA, Philippines — Listed sugar miller Victorias Milling Co. Inc. (VMC) saw its net income decline 61 percent in the first quarter of the current crop year due to lower prices. (1-0)
VMC

Resilient Heat

2018-01-10 bworldonline
If there’s any surprise to the Heat’s fourth-place standing in the Eastern Conference, it’s that they didn’t bare their fangs early. Having managed to retain the core of the roster that had them going 30 and 11 in the second half of their 2016-2017 campaign, not a few quarters figured they would be hitting the ground running. Instead, they played up-and-down ball until the first week of December, with four losses in five matches depressing their record to 11 and 13 and compelling even diehard fans to wonder if a playoff berth was more a broken promise than a realistic expectation.
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