ALI plans KL residential project

2018-04-18 bworldonline
AYALA LAND, Inc. (ALI) is furthering its international ambition with the acquisition of a four-hectare property in Malaysia’s capital city for P2 billion, seeking to transform it into a residential area. (10-0)
ALI AYAAF AYAAY PHSXY PSE PSKXF

DoE mulls Swiss challenge for Meralco supply deals with generation firms

2018-04-18 bworldonline
ENERGY Secretary Alfonso G. Cusi has proposed subjecting the pending power supply agreements (PSA) between distribution utility Manila Electric Co. (Meralco) and power generation companies to a “Swiss challenge” to move the contracts forward ahead of the expected rise in electricity demand in the coming years. (3-0)
MER

One Meralco Foundation helps 30,000 families realize their ‘electric dreams’

2018-04-18 business.inquirer.net
The social development arm of the Manila Electric Company (MERALCO), One Meralco Foundation, reached yet another milestone in its advocacy to make access to electricity within the reach of low income families. (3-0)
MER

PSEi halts losing streak on bargain hunting

2018-04-18 bworldonline
SHARE prices halted a three-day run of declines on Wednesday, as investors sought bargains as global markets provided cause for optimism overnight. (17-0)
ALI AYAAF AYAAY BDO BDOUF BDOUY PHSXY PSE PSKXF URC UVRBF UVRBY

Stocks snap three-day decline on Wall Street gains, bargain hunting

2018-04-18 bworldonline
The local barometer for investor confidence snapped its three-day decline on Wednesday, April 18, fuelled by investors looking for bargains alongside optimism from global markets overnight. (5-0)
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Senior bank regulatory official to be named China Huarong chairman: sources

2018-04-18 channelnewsasia
Trading in shares of China Huarong Asset Management Co Ltd and two of its units were suspended on Wednesday after Beijing said it was investigating the chairman of the country's biggest manager of distressed assets for suspected graft. (1-0)
CHIB CKGOY

Senior bank regulatory official to be named China Huarong chairman: sources

2018-04-18 reuters
BEIJING (Reuters) - China Huarong Asset Management Co Ltd (2799.HK) is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told Reuters. (1-0)
CHIB CKGOY

GSIS defers sale of Port Area property

2018-04-18 business.inquirer.net
The Government Service Insurance System has deferred the disposition of its Port Area property, which could have been the state-run pension fund’s biggest asset sale to date. (1-0)
ICT ICTEF

ALI offers 10-year bonds at 5.92% p.a.

2018-04-18 business.inquirer.net
ALI prexy Bernard Vincent Dy and CFO Augusto Bengzon brief the media after ALI’s annual stockholders meeting on April 18, 2018 (5-0)
ALI AYAAF AYAAY

ALI further expands in Malaysia

2018-04-18 bworldonline
AYALA Land, Inc. (ALI) is setting the stage for its Malaysian expansion with the acquisition of a four-hectare property in the country’s capital, seeking to transform it into a residential area. (5-0)
ALI AYAAF AYAAY

Most SE Asia stocks track Wall St higher, Singapore hits one-month high

2018-04-18 themalaymailonline
Singapore shares climb 1.3 per cent to a one-month high led by financials. — Reuters picSINGAPORE, April 18 — Most South-east Asian shares rose in line with broader Asia today after upbeat corporate earnings on Wall Street boosted investor confidence. (18-0)
BDO BDOUF BDOUY D05 DBSDF DBSDY O39 U11 UOVEF UOVEY

PUP grads are employers’ top pick for new hires

2018-04-18 newsinfo.inquirer.net
Graduates from the Polytechnic University of the Philippines (PUP) emerged anew as the top choice of employers when it comes to hiring fresh graduates, a latest report by Jobstreet Philippines showed. (3-0)
FEU

Radisson RED debuts in PH

2018-04-18 business.inquirer.net
Property developer Cebu Landmasters is expanding its hotel footprint by investing in a 146-room new hotel under the Radisson RED brand in Mandaue, Cebu which will open by 2021. (5-0)
PHSXY PSE PSKXF

Jasmine Curtis-Smith shifts to being a ‘Kapuso’

2018-04-17 entertainment.inquirer.net
Since her last television appearance back in 2016, Jasmine Curtis-Smith has been out of TV projects and focused on movies. Now, the actress is back in her new home network. (4-0)
GMA7 GNWKY

Latest legal fight accusing oil companies of climate change launched in Colorado

2018-04-17 reuters
NEW YORK, April 17 (Thomson Reuters Foundation) - Three Colorado communities filed a lawsuit against oil companies on Tuesday, launching the latest legal battle seeking damages for what they claim are the costs of adapting to climate change. (25-0)
SMC SMC2A SMC2B SMC2C SMC2D SMC2E SMC2F SMCP1 SMGBF SMGBY XOM

2GO cites causes of accounting woes

2018-04-17 business.inquirer.net
The new owners of 2GO Group Inc. did not mince words on what they believed was the root cause of an accounting controversy that emerged when they assumed control of the logistics giant last year and hired a new independent accountant, which conducted a special audit. (10-0)
BDO BDOUF BDOUY SM SMIVY SVTMF

PH stocks continue slide, down to 7,700

2018-04-17 business.inquirer.net
The local stock barometer slid to the 7,700 level on Tuesday as foreign selling resumed while investors priced in the final wave of local corporate earnings reports. (15-0)
ALI AYAAF AYAAY PHSXY PSE PSKXF SM SMIVY SVTMF

PetroEnery reports 44% surge in ’17 net income

2018-04-17 business.inquirer.net
PetroEnergy Resources Corp. (PERC) yesterday reported a 44-percent surge in its consolidated net income to $8.46 million in 2017 from $5.86 million in the previous year.
PERC

Lopez Holdings 2017 profit down 36%

2018-04-17 business.inquirer.net
Conglomerate Lopez Holdings posted a net profit of P4.22 billion last year, down by 36 percent in the absence of one-off gains and election season-related surge in media advertising revenue that jacked up its bottom line in 2016. (2-0)
FGEN FGENF FGENG FPH FPHP FPHPC FSGCF FSGCY LPZ

Jollibee takes control of US burger chain

2018-04-17 business.inquirer.net
Homegrown fast-food giant Jollibee Foods Corp. has consummated a deal to acquire a controlling stake in US hamburger chain Smashburger, taking a bigger bite of the vast US market and scaling up its global footprint. (7-0)
JBFCF JBFCY JFC PHSXY PSE PSKXF

San Miguel Continuing To Fire On All Cylinders

2018-04-16 seekingalpha
San Miguel (OTCPK:SMGBY) produced full year results which were very well received by the market. Growth across all its sectors looks set to continue in 2018. It remains a good play on the growing Philippines economy as a whole. In addition there is the possibility of new developments which would cause its stock price to rise faster than the current organic growth and good valuation would imply. (24-3)
ATB PF PFP PFP2 SMC SMC2A SMC2B SMC2C SMC2D SMC2E SMC2F SMCP1 SMGBF SMGBY SMPFF SMPFY

Painting of a jeepney driver’s love for family tops Yellow Pages art tilt

2018-04-17 bworldonline
AMIDST talk of jeepney strikes, a young Filipino artist captured and immortalized the popular mass transport on canvas. But Paul Taladtad, 24, did not only paint the typical body of a sturdy jeepney — an ode to a stalwart of mass transport that is in the middle of controversial discussions over its impending doom — he humanized it. He painted a jeepney driver’s left hand, adorned with P20 bills between his fingers, while his right hand touches the wooden box where the coins are, which also contains three pictures of children in their graduation togas. (5-0)
FEU TEL TLII Y YLWDF YLWWF

PetroEnergy earnings jump to $3.79 million

2018-04-17 bworldonline
PETROENERGY Resources Corp. (PERC) reported its net income attributable to equity holders more than doubled to $3.79 million in 2017, from $1.77 million previously, as a result of higher electricity sales.
PERC

GBP unveils Institute for Energy in Iloilo

2018-04-17 bworldonline
ILOILO CITY — Global Business Power Corp. (GBP) on Tuesday launched a learning institute in Iloilo City where its employees can enhance their skills in responding to power plant operational and maintenance contingencies as the company prepares for expansion.
ACR

Nickel Asia says value of nickel ore shipments drops in Q1

2018-04-17 bworldonline
LISTED Nickel Asia Corp. on Tuesday said the value of nickel ore shipments fell in the first quarter as prices weakened after Indonesia relaxed its export ban in January. (7-0)
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Philippine stock woes mount as 2018 losses pass $20-billion mark

2018-04-17 bworldonline
PHILIPPINE stocks, already the world’s worst performers this year, fell to the lowest in almost a year Tuesday, bringing to more than $20 billion the loss in market value for the country’s benchmark index since the start of 2018. (5-0)
BDO BDOUF BDOUY PGCMF PGOLD PRGLY

Condo sales lift Rockwell Land profits

2018-04-17 bworldonline
ROCKWELL Land Corp. posted double-digit profit growth last year, following improved condominium sales and more project completions. (5-0)
PHSXY PSE PSKXF ROCK

JFC completes deal to gain control of Smashburger

2018-04-17 bworldonline
JOLLIBEE Foods Corp. (JFC) has completed its acquisition of an additional stake in American burger chain Smashburger, effectively expanding the homegrown fastfood giant’s global footprint. (7-0)
JBFCF JBFCY JFC PHSXY PSE PSKXF

Lopez Holdings income declines 36% in 2017

2018-04-17 bworldonline
THE absence of one-time gains that inflated profits in 2016 dragged earnings Lopez Holdings, Inc. last year. (2-0)
FGEN FGENF FGENG FPH FPHP FPHPC FSGCF FSGCY LPZ

Remittance growth slowest in 3 months

2018-04-16 bworldonline
OVERSEAS FILIPINO workers (OFWs) sent more money home in February than a year ago even as it was the smallest increase in three months, the central bank reported on Monday. (4-1)
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A biased Supreme Court, threat to our fragile democracy

2018-04-17 bworldonline
Unless The Supreme Court, sitting as the Presidential Electoral Tribunal (PET) reverses itself on its position that a resolution issued in Year 2010 stipulating a minimum of 50% shading of the ballot ovals is required for validation of the ballot, its bias for the rich will become even more obvious. The Comelec had recognized a 25% shading threshold in an en banc resolution. (19-0)
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Century Properties Group’s profit drops by 11%

2018-04-16 bworldonline
CENTURY Properties Group, Inc. (CPG) saw its profit fall by 10.59% in 2017, in line with its diversification into the affordable housing market in recent years. (1-1)
CPG CPZZY

Xurpas profit plunges 61% to P103M

2018-04-16 bworldonline
XURPAS, INC. posted a 61% drop in net income in 2017, amid record revenues that breached the P2-billion mark in the same period. (5-1)
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SSI merges 2 units to improve efficiencies

2018-04-16 bworldonline
SSI GROUP, Inc. will be merging two of its wholly owned units to improve operational efficiencies within the company. (13-1)
CHOO JYMHF KATE PHSXY PSE PSKXF RL SSI

MWC to take P60-M hit from Boracay closure

2018-04-16 bworldonline
MANILA WATER Co., Inc. (MWC) expects to take a hit of around P60 million to P70 million when Boracay is closed to visitors for six months starting on April 26, but the Ayala-led firm is looking at opportunities in the island, including a waste-to-energy project. (2-1)
MWC

Puregold earns P5.84B in 2017

2018-04-16 bworldonline
EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country. (5-1)
PGCMF PGOLD PHSXY PRGLY PSE PSKXF

Globe’s Mynt partners with Primer Group

2018-04-16 bworldonline
GLOBE Telecom, Inc. digital payments unit Globe Fintech Innovations, Inc. (Mynt) has partnered with the Primer Group of Companies for customers to use GCash scan-to-pay feature in the latter’s stores nationwide. (9-1)
GLO GLOPA GLOPP GTMEF GTMEY RBNTF RRETY RRHI

IC approves Pru Life UK, Robinsons Bank sales deal

2018-04-16 bworldonline
THE INSURANCE Commission (IC) has approved the bancassurance deal between Robinsons Bank Corp. and Pru Life UK. (14-1)
2888 580001 PNB SCBFF STAB STAC STAN STAN

PSEi drops further on lingering overseas concerns

2018-04-17 bworldonline
THE MAIN INDEX suffered another sell-off on Tuesday, weighed down by lingering concerns on the tensions surrounding the United States and Russia. (7-0)
533306 PHSXY PSE PSKXF SUMMITSEC

Meralco Q1 power sales rise 7% on strong economic growth

2018-04-16 bworldonline
MANILA Electric Co. (Meralco) estimates that electricity sales increased by around 7% in the first quarter as its consumer segments recorded growth during the period, the head of the distribution utility said. (5-1)
MER MWC

Stocks slide further on rising US-Russia tensions

2018-04-17 bworldonline
The main index suffered another sell-off on Tuesday, April 17, weighed down by lingering concerns on the tensions surrounding the United States and Russia. (7-0)
533306 PHSXY PSE PSKXF SUMMITSEC

Lopez Holdings 2017 profits down on lack of one-time gains

2018-04-17 bworldonline
The absence of one-time gains that inflated profits in 2016 dragged earnings of Lopez Holdings, Inc. last year. (2-0)
FGEN FGENF FGENG FPH FPHP FPHPC FSGCF FSGCY LPZ

Bangladesh eyes settlement in US cyber heist suit ahead of its own case

2018-04-16 themalaymailonline
Commuters pass by the front of the Bangladesh central bank building in Dhaka March 8, 2016. — Reuter picNEW YORK, April 16 — An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank’s planned suit to recover US$66 million still lost in one of the world’s biggest such cases. (32-1)
RCB RZLLY WFC WFCNP

Bangladesh eyes settlement in US cyber heist suit ahead of its own case - Channel NewsAsia

2018-04-16 channelnewsasia
NEW YORK/DHAKA: An Ecuadorian bank and Wells Fargo have reached an out-of-court settlement over a 2015 cyber heist, providing a possible precedent for the Bangladesh central bank's planned suit to recover US$66 million still lost in one of the world's biggest such cases. (32-1)
RCB RZLLY WFC WFCNP

Philippine Stock Woes Mount as 2018 Losses Pass $20 Billion Mark - Bloomberg

2018-04-17 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. (5-0)
BDO BDOUF BDOUY PGCMF PGOLD PRGLY

PetroEnergy net income surges on higher electricity sales

2018-04-17 bworldonline
Higher electricity sales pulled up the consolidated net income of PetroEnergy Resources Corp. (PERC) 2017 as the listed company posted a 44% increase to $8.46 million from $5.86 million a year earlier.
PERC

Philippine stock woes mount as 2018 losses pass US$20b mark

2018-04-17 thestar.com.my
BDO Unibank Inc., the nation’s biggest bank, fell as much as 4 percent, the biggest drag on the index. (5-0)
BDO BDOUF BDOUY

Board Qualifications and Disqualifications: The Fit and Proper Rule

2018-04-16 bworldonline
The GOCC Governance Act mandates that the Governance Commission for GOCCs (GCG) shall formally issue a “Fit and Proper Rule” as “the standards for determining whether a member of the Board of Directors/Trustees or CEO is fit and proper to hold a position in a GOCC which shall include, but not be limited to, standards on integrity, experience, education, training and competence.” (5-1)
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Back in the top 2, FEU out to make most of it

2018-04-16 bworldonline
AFTER a decade, the Far Eastern University (FEU) Lady Tamaraws are entering the Final Four of the University Athletic Association of the Philippines (UAAP) as one of the top two teams carrying a twice-to-beat advantage. It is a position that took a while to reach and something the team really longed for. And now it is in its hands, it intends to make full use of it in trying to go deeper in the tournament. (3-1)
FEU

Jollibee seals Smashburger takeover

2018-04-17 business.inquirer.net
Homegrown fast-food giant Jollibee Foods Corp. has consummated a deal to acquire a controlling stake in US hamburger chain Smashburger, taking a bigger bite of the vast US market and scaling up its global footprint. (7-0)
JBFCF JBFCY JFC PHSXY PSE PSKXF