Related News

Megaworld opening P2.2-B Iloilo mall in April
Philstar - 2018-02-05
ILOILO CITY, Philippines -- Megaworld Corp. is set to open by April its biggest full-scale mall outside Luzon, a P2.2 billion investment that is the first of four malls to open this year. Kevin Tan, senior vice president and head of Megaworld Lifestyle ...

Goldilocks bent on network expansion
Philstar - 2018-02-05
SMIC, through SM Prime Holdings Inc. develops, owns and operates shopping malls around the Philippines. SMPHI operates close to 70 malls in the Philippines, while Goldilocks has a network of more than 500 stores, some of which operate in SM malls as well ...

PSE profit up 18% in 2017
Philstar - 2018-02-05
MANILA, Philippines -- The Philippine Stock Exchange Inc. reported a net income of P825 million in 2017, up 18 percent year-on-year. Operating revenue and other income rose 10 percent to P1.63 billion due to higher trading activity, stronger market data ...

DOE sets guidelines for new power spot market operator
Philstar - 2018-02-05
MANILA, Philippines -- The Department of Energy (DOE) has released the guidelines for the establishment of the independent market operator (IMO) of the electricity spot market. The agency has issued Department Circular DC2018-01-0002, titled "Adopting ...

BIR scraps special tax rate for RHQ staff
Philstar - 2018-02-05
MANILA, Philippines -- The government has scrapped the preferential tax rate for employees of reqional headquarters (RHQs) and regional operating headquarters (ROHQs) of multinational companies despite the strong uproar from foreign chambers of commerce.

PSEi mirrors global stock selloff
Philstar - 2018-02-05
MANILA, Philippines -- Share prices plummeted yesterday, mirroring the sharp drop in Asian stock markets following a selloff on Wall St. last week. The benchmark PSEi plunged 194.75 points, or 2.21 percent, to close at 8,616.00, while the wider All Shares ...

Philab allots $150 M for 2018 capex
Philstar - 2018-02-05
MANILA, Philippines -- Philab Holdings Corp., the listed healthcare company, is alloting $150 million in capital expenditures this year as it invests in a genomics facility that would serve Asia and also put up at least 60 satellite clinics around the ...

Sanofi rejects Philippine plea for refund on used vaccines
Yahoo - 2018-02-05
Health Secretary Francisco Duque III has said that Sanofi Pasteur has agreed to take back huge stocks of unused Dengvaxia and pay back more than a billion pesos ($20 million) to the Philippine government. The government, however, has also asked Sanofi ...

Apple removed Telegram from the App Store over distribution of child pornography
The Verge - 2018-02-05
Last week, Apple mysteriously removed secure messaging app Telegram and its more efficient counterpart, Telegram X, from the App Store for "inappropriate content," a move that many users found curious as it came without any concrete explanation.

Moderately strong quake jolts Baguio
Philstar - 2018-02-05
MANILA, Philippines -- A magnitude 3.8 quake occurred at around 8:42 a.m. in Baguio, with its epicenter traced seven kilometers southeast of the city. The tremor was felt at Intensity 4, which is classified as moderately strong. The Philippine Institute ...

Woman hurt in grenade blast
Philstar - 2018-02-05
NORTH COTABATO, Philippines -- A woman suffered serious injuries in a grenade explosion in Aleosan town on Sunday. Arlene Tamanal, 24, was walking on her way home in Barangay Pagangan when motorcyle riders lobbed a grenade from a distance. Residents said ...

3 Sayyaf men surrender
Philstar - 2018-02-05
ZAMBOANGA CITY, Philippines -- Three Abu Sayyaf bandits surrendered in Basilan over the weekend. Garama Sulayman, 21; Omar Jaljalis, 18, and Marhaban Pael, 34, turned over two M16 rifles, a 5.56 mm Carbine as well as rounds of ammunition to personnel of ...

Apple, Cisco team up with insurance companies to offer cyber policy discounts
Reuters - 2018-02-05
(Reuters) - Apple Inc and Cisco Systems Inc have teamed up with insurer Allianz SE to offer discounts on cyber insurance to businesses that primarily use equipment from both technology companies, they said on Monday. The arrangement, which also includes ...

Diabetes may double risk for developing cataracts, researchers say
United Press International - 2018-02-05
Feb. 5 (UPI) --Diabetics have twice the risk for developing cataracts as the general population, according to a new study conducted in Britain. Researchers at Anglia Ruskin University in England examined medical records collected from 2005 to 2015 of ...

Upcoming US rate hikes to test PH economy, says BSP
Inquirer - 2018-02-05
Uncertainty over the pace, timing and magnitude of monetary policy tightening in the US and other developed economies is one of the greatest challenges faced by the local economy where corporate and individual borrowers remain sensitive to interest rate hikes.

SSS plans overseas investments to boost profit
Inquirer - 2018-02-05
To further raise revenues, the state-run pension fund Social Security System (SSS) is looking at investing overseas, similar to the strategy of the Government Service Insurance System (GSIS). SSS president and chief executive Emmanuel F. Dooc noted that ...

Tax bureau suspends audits for now
BusinessWorld Online - 2018-02-05
The Bureau of Internal Revenue wants to make sure its officers stick to the 180-day deadline to complete audits. -- BW FILE PHOTO THE BUREAU of Internal Revenue (BIR) has suspended investigations of taxpayers, saying yesterday it needs to review policies ...

Macau faces major challenges if China casino monopoly ends
BusinessWorld Online - 2018-02-05
The two destinations could also be competing over the same type of customers. Macau, which has relied on high rollers to drive a rebound in business over the past year and a half, has been shifting to attract Chinese tourists and families to the territory.

Debris from fallen space shuttle Columbia has new mission 15 years after tragedy
Fox News - 2018-02-05
Fifteen years after the space shuttle Columbia and its crew of seven were lost returning home from a 16-day mission, pieces of the winged orbiter are still being found and the debris is now being used by NASA to educate and inspirea new generation of space ...

Megaworld to open P2.2-billion mall in Iloilo City
BusinessWorld Online - 2018-02-05
Mr. Tan said they are currently talking with the SM group and the Metro Gaisano group to open two ... The annex will house government offices, with the Land Transportation Office, Social Security System, and Philippine Health Insurance Corp. already ...

BPI net income climbs
BusinessWorld Online - 2018-02-05
BANK of the Philippine Islands (BPI) booked slightly higher net earnings in 2017 driven by the growth of its net interest income. In a disclosure to the Philippine Stock Exchange on Monday, the Ayala-led BPI said it recorded a net income of P22.42 billion ...

NBA champs Golden State Warriors executive chairman and co-owner Peter Guber is coming to Manila
BusinessWorld Online - 2018-02-05
GOLDEN STATE Warriors executive chairman and co-owner Peter Guber will be coming to the Philippines on March 20 as the featured ... Guber is also a member of the University of California Board of Regents and has been a professor at UCLA for 40 years.

Samsung Group heir Lee walks free as South Korea court suspends jail term
BusinessWorld Online - 2018-02-05
Samsung Electronics Vice Chairman, Jay Y. Lee leaves a court in Seoul, South Korea on February 5, 2018. -- YONHAP VIA REUTERS SEOUL -- A South Korean appeals court on Monday suspended a jail sentence handed down to Samsung Group heir Jay Y. Lee, setting ...

Lower taxes via more mineral exports
BusinessWorld Online - 2018-02-05
Bigger mining revenues and mining taxes through lesser anti-mining policy uncertainties will be a key measure toward lowering income taxes, both personal and corporate, in the medium to long term.

Security Bank net profit up 20% to P10.3 billion
BusinessWorld Online - 2018-02-05
Security guards stand on duty at a branch of Security Bank in Manila in this file photo taken on January 14, 2016 . -- AFP SECURITY BANK Corp. posted a higher net income in 2017 driven by growth across its business segments. In a disclosure to the local ...

Dow plunges 1,175 -- worst point decline in history
CNN Philippines - 2018-02-05
(CNN Money) -- It was the scariest day on Wall Street in years. Stocks went into free fall on Monday, and the Dow plunged almost 1,600 points -- easily the biggest point decline in history during a trading day. Buyers charged back in and limited the ...

Dow storms back after dipping into correction
CNN Philippines - 2018-02-05
(CNN Money) -- The stock market is storming back after briefly sinking into a correction. The Dow declined 567 points at Tuesday's open, then raced back to a 350-point gain in extremely volatile trading. The losses just after the opening bell briefly sent ...

PhilHealth to employers: Premium adjustment is necessary
Philippine Information Agency - 2018-02-05
QUEZON CITY, Feb. 5 -- In response to public reactions on the adjustment in premium contribution rates starting this month, the Philippine Health Insurance Corporation (PhilHealth) reiterated that the latest adjustment affects only the members in the ...

Study: Pregnancy-linked high blood pressure may linger after delivery
United Press International - 2018-02-05
MONDAY, Feb. 5, 2018 -- Many women who develop severe pre-eclampsia during pregnancy have undetected high blood pressure in the year after they give birth, a Dutch study contends. Pre-eclampsia, which is the development of high blood pressure and elevated ...

Bangko Sentral seen keeping rates steady
Inquirer - 2018-02-05
The Bangko Sentral ng Pilipinas (BSP) is seen to keep its key interest rates unchanged this Thursday--its first monetary policy-setting meeting this year and thus seen crucial in setting the tone for 2018--but investors are bracing for a shift to a ...

Cash-for-work scheme helping Mayon evacuees earn
CNN Philippines - 2018-02-05
The Department of Labor and Employment (DOLE) has implemented the "Tulong Pangkabuhayan sa Displaced Workers" program or TUPAD, wherein evacuees earn P290 per day sweeping rooms, taking out the trash, and doing some construction work in evacuation centers.

Sanofi rejects refund demand faces Philippine suit over dengue vaccine
Yahoo News - 2018-02-05
French pharmaceutical giant Sanofi on Monday rejected a Philippine government demand to return tens of millions of dollars paid for a dengue vaccine after the programme was suspended over health concerns. The Philippines had asked Sanofi to refund 3.2 ...

Sanofi: No refund for used dengue vaccine
BusinessWorld Online - 2018-02-05
FRENCH PHARMACEUTICAL giant Sanofi on Monday told the Philippines it would not refund the cost of used doses of a dengue vaccine after the vaccination program was suspended over health concerns. The Philippines had asked Sanofi to refund a total P3.2 ...

Dallas's rush into bikeshare turns controversial
CNN Money - 2018-02-05
Dallas suddenly has the largest bikeshare network in the United States, but its growth has triggered a backlash in a city with little history of bicycling. With more than 20,000 bicycles, Dallas's fleet dwarfs those of traditional bike hotspots, such as ...

Business groups say local tax hike could hurt MSMEs
BusinessWorld Online - 2018-02-05
Milan. Mr. Milan earlier called on the local government to help the MSME sector, which he said needs support from both the public sector and their organization as part of the campaign for inclusive growth. The Mindanao Business Council, through Chair ...

Estrada seeking reelection next year, denies Jinggoy after his post
Business Mirror - 2018-02-05
Estrada stressed that rumors about his poor health are a mere ploy of his opponents in politics. "That is an old issue... . No one believes that my health hinders the effective fulfillment of my honest service to you and the masses," he said.

BPI nets P22.42B
Inquirer - 2018-02-05
Ayala-led Bank of the Philippine Islands (BPI) improved net profit last year by 1.7 percent to P22.42 billion, reversing the downturn seen earlier in the year, as higher earnings from core lending activities and a robust fourth quarter shored up full-year ...

PNP Chief: Use of religious items in anti-drug campaign not theatrics
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- The country's chief of police denied that they were using religious items as props in the war against drugs. Philippine National Police (PNP) Chief Ronald Dela Rosa on Monday responded to the Catholic Bishop's ...

DOJ to consolidate PAO, experts' Dengvaxia findings - DOH
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- It is up to the Department of Justice (DOJ) to consolidate the findings on the dengue vaccine Dengvaxia controversy, Health Secretary Francisco Duque III said Monday. Some lawmakers during the hearing of the ...

Trillanes wants Senate probe on alleged Duterte wealth
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) - Senator Antonio Trillanes IV on Monday formally asked for a Senate investigation on a possible violation of the Anti-Money Laundering Act (AMLA) by President Rodrigo Duterte and his daughter, Davao City Mayor ...

Palace: Friendly ties will prevent China from using arms in islands vs PH
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- Malacañang said China intended to use reclaimed islands in the South China Sea as military bases and only friendly ties will prevent Beijing from using the arms buildup against the country. "Whether or not ...

Duterte's suspension of Deputy Ombudsman an impeachable offense - 1986 Con-Com member
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- If President Rodrigo Duterte insists on suspending the Deputy Ombudsman by force without a Supreme Court ruling, it can become an impeachable offense, a constitutional expert said Monday. Atty. Christian ...

Ombudsman junks charges vs De Lima for allegedly aiding terrorists
CNN Philippines - 2018-02-05
Metro Manila (CNN Philippines, February 5) -- The Office of the Ombudsman dismissed a complaint against detained Senator Leila de Lima claiming she conspired with Muslim officials to free members of the Abu Sayyaf Group (ASG) from jail. In a resolution ...

Nightfall in Philippine slum revives specter of deaths in drugs war
Reuters - 2018-02-05
MANILA Reuters) - As night falls in Manila, the Philippine capital, few of the 700 families living ... Slideshow (16 Images) The man is in poor health, skinny and coughing frequently due to tuberculosis. Nuns now take care of his youngest children.

Tech Diets Catch on With Apple Executives, Facebook Billionaires and Googlers
Bloomberg - 2018-02-05
At Google, some employees use a tool that restricts time spent on email. A senior Apple Inc. executive said his wife used a device that sets iPhone and iPad limits for their children. Members of a venture capital firm meditate before phone-free ...

Kamuning fire reaches second alarm
Philstar - 2018-02-05
MANILA, Philippines -- The Metropolitan Manila Development Authority on Monday afternoon reported that fire razed a residential area in Kamuning, Quezon City. The fire occurred along K-2 nd Street, corner Judge Jimenez, Kamuning Quezon City. Firefighters ...

PSEi tumbles on Fed jitters
Inquirer - 2018-02-05
A global equities bloodbath spilled over to the local stock market on Monday, as the stronger-than-expected US jobs data spawned concerns that the US Federal Reserve (Fed) may turn more hawkish to curb resurgent inflation. The main-share Philippine Stock ...

Security Bank posts higher net profit in 2017
BusinessWorld Online - 2018-02-05
Security Bank Corp. saw an increase in its net income in 2017 driven by growth across its business segments. Based on a disclosure to the local bourse on Monday, Security Bank said its net income grew to P10.3 billion in 2017 by 20% compared with the P8.55 ...

Sanofi rejects Philippine plea for refund on used vaccines
New York Daily News - 2018-02-05
Health Secretary Francisco Duque III has said that Sanofi Pasteur has agreed to take back huge stocks of unused Dengvaxia and pay back more than a billion pesos ($20 million) to the Philippine government. The government, however, has also asked Sanofi ...

IT solutions emerging as cure to health care woes
Inquirer - 2018-02-05
Now is the right time," said Xplore president Leonardo Riingen. Dr. Raymond Sarmiento, director of the National Telehealth Center of the University of the Philippines, spoke about the state of IT health care in the country and noted that based on the ...

Pioneer Data Privacy | Website Terms and Conditions | Copyright 2014. Pioneer Insurance. All Rights Reserved.