Gaming firms bet on windfall from China trip

MANILA, Philippines – Listed gaming companies stand to benefit from the Duterte administration’s stronger ties with China as more mainland Chinese tourists a.....»»

Category: financeSource: philstar philstarNov 2nd, 2016

Category: newsSource:  manila_shimbunRelated NewsOct 21st, 2016

Philippine firms secure over $11B deals during China trip

BEIJING – The Philippines secured $11.24 billion worth of investments from Chinese companies involving 17 different projects as a testament to the warming ec.....»»

Category: financeSource:  philstarRelated NewsOct 21st, 2016

Duterte firms up trip to China amid sea row

DAVAO CITY, Philippines – President Duterte has firmed up his plan to visit China this month on the heels of criticisms from long-time ally the United States.....»»

Category: newsSource:  philstarRelated NewsOct 2nd, 2016

‘Chinese hackers targeting US firms connected to South China Sea’

MANILA, Philippines — A suspected Chinese cyber espionage group has been targeting American companies that have involvement in the South China Sea, according.....»»

Category: newsSource:  philstarRelated News17 hr. 42 min. ago

Xi Jinping’s rise shatters hopes for democracy in China

BEIJING – Orville Schell, a longtime China expert, has vivid memories of his first trip to the country back in 1975. Source link link: Xi Jinping’s rise shatters hopes for democracy in China.....»»

Category: newsSource:  manilainformerRelated NewsMar 13th, 2018

Xi Jinping’s rise shatters hopes for democracy in China

BEIJING – Orville Schell, a longtime China expert, has vivid memories of his first trip to the country back in 1975......»»

Category: newsSource:  philstarRelated NewsMar 12th, 2018

US firms woo PH partners amid China push

The head of a US business delegation rated the Philippines' as one of the most attractive destinations for foreign direct investments owing to the country's positive economic prospects, and urged local stakeholders to work more closely with American firms on the technology front. In an interview, Ambassador Michael Michalak of the US-Asean Business Council said he had led a group of US business people to meet with government officials and learn more about the plans of the Duterte administration for the Philippines. "We were all impressed by what we heard from the economic managers," he said. "If only half of what they said they would do would happen, that would make the country ver...Keep on reading: US firms woo PH partners amid China push.....»»

Category: newsSource:  inquirerRelated NewsMar 9th, 2018

Local, foreign firms eye integrated facility for liquefied natural gas

MANILA, Philippines – Four local and foreign companies expressed interest to develop an integrated  liquefied natural gas (LNG)  facility in the Philippines, following the issuance of the downstream natural gas industry policy, said the Department of Energy (DOE). Energy Assistant Secretary Leonido Pulido said Tokyo Gas, China National Offshore ........»»

Category: newsSource:  rapplerRelated NewsMar 4th, 2018

IBP mulls Writ of Kalikasan vs Chinese builders of artificial islands

BAGUIO CITY — The Integrated Bar of the Philippines (IBP) is exploring possibilities of filing a Writ of Kalikasan against firms contracted by China to build artificial islands at the West Philippine Sea......»»

Category: newsSource:  nordisRelated NewsMar 4th, 2018

PH lawyers’ group to test case at SC vs China

BAGUIO CITY --- The Integrated Bar of the Philippines (IBP) is studying whether it could file a writ of kalikasan in the Supreme Court (SC) against firms contracted by China to build artificial islands in the West Philippine Sea, according to its president. Lawyer Abdiel Dan Elijah Fajardo, who attended the IBP north Luzon legal aid meeting and international humanitarian law seminar here, said the China buildup would have required its contractors to dredge corals to build the platforms that support the islands. The massive land reclamation project of China in West Philippine Sea damaged nine coral reefs which would require thousand of years to recover, he said, citing informati...Keep on reading: PH lawyers’ group to test case at SC vs China.....»»

Category: newsSource:  inquirerRelated NewsFeb 28th, 2018

China says new US sanctions threaten cooperation over North Korea

China reacted with anger on Saturday to new US sanctions aimed at increasing pressure on nuclear-equipped North Korea, saying the unilateral targeting of Chinese firms and people risked harming cooperation on the problem. Source link link: China says new US sanctions threaten cooperation over North Korea.....»»

Category: newsSource:  manilainformerRelated NewsFeb 25th, 2018

Shares of firms in West Philippine Sea surge on Philippines-China joint exploration talks

MANILA, Philippines — Shares of listed companies with interests in oil and gas prospects in the West Philippine Sea surged after the Philippines and China ag.....»»

Category: financeSource:  philstarRelated NewsFeb 17th, 2018

3 Chinese firms interested in Kaliwa dam

By Victor V. Saulon, Sub-Editor METROPOLITAN WATERWORKS and Sewerage System (MWSS) expects three Chinese companies to secure procurement documents for the Kaliwa dam project which will be bid out in March, its top official said. MWSS Administrator Reynaldo V. Velasco said funding for the project is already available through official development assistance (ODA) from China, […].....»»

Category: newsSource:  bworldonlineRelated NewsFeb 16th, 2018

By the numbers: Metro Manila’s office space supply

DEVELOPERS will be bringing to market at least 900,000 square meters (sq. m.) of new office space annually over the next three years, with offshore gaming firms and business process outsourcing (BPO) companies continuing to drive the market amid easing regulatory concerns. Read the full story. Office space supply in the Philippines by BUSINESSWORLD The post By the numbers: Metro Manila’s office space supply appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 10th, 2018

Pagcor shuts doors on new casino applicants after Duterte orders moratorium

London --- Philippine gaming regulators have imposed a moratorium on new casinos operations after President Rodrigo Duterte raised concerns about their "proliferation", the ongoing lucrative boom in the local industry notwithstanding.   In an interview with reporters, Philippine Amusement and Gaming Corp. chair Andrea Domingo said only firms which submitted their applications before the President's order to her last month --- including a new casino in Clark, Pampanga owned by Davao-based businessman Dennis Uy --- would be considered for approval.   "The President told me last January 11 to freeze the entry of new casinos because there are already many of them, and t...Keep on reading: Pagcor shuts doors on new casino applicants after Duterte orders moratorium.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

Rappler Talk: CSIS Gregory Poling on West Philippine Sea

MANILA, Philippines – Rappler talks to Gregory Poling, one of the world's leading experts on the South China Sea or West Philippine Sea, as he makes a two-day trip to the Philippines for a series of talks and meetings.  Poling is the director of the Asia Maritime Transparency Initiative ........»»

Category: newsSource:  rapplerRelated NewsFeb 3rd, 2018

‘Grand Deception’ by Jun Ledesma

Letters From Davao: WHEN RAPPLER through its President, Maria Ressa, was caught trifling with an important tenet in the Philippine constitution that mandates that Philippine media should be 100% owned by Filipinos the Securities and Exchange Commission ordered it closed. Rappler was parading like it is wholly owned by Filipinos but turned out it accepted investment from Omidyar Network (ON) which is known for its notoriety in destabilizing heads of state that are not docile to America. It tried deception by claiming that the Philippine Deposit Receipts it issued to ON money was for philanthropic contribution. The attempt dragged them deeper in shit as PDRs are actually commercial instruments. When this trick did not work, Ressa again tried another act this time claiming that Omidyar signed a waiver on its veto power. Again this did not pass scrutiny of the SEC because the said waiver was discovered to be just a scrap of paper as the document was not notarized.  Running out of deceptive tricks Ma. Ressa went berserk when she was served the closure order and went about town crying her freedom is being curtailed by Pres. Rodrigo Duterte no less. Her partner Pia Ranada did the same screaming she will be jailed by Duterte’s military. The grandstanding, it was obvious, was to stonewall the criminal violation they committed and to paint Rappler and its staff headed by Ressa as victims of oppression and dictatorial regime of Duterte. Contrary to its claim that they have lost their freedom of expression, more than ever Rappler had increased the crescendo of its unfettered attack on no less than the President Duterte himself. Ressa spearheaded a Black Friday movement supported by a handful of students from where else by the University of the Philippines campus and the usual garrulous but moribund Liberal Party stalwarts headed by VP Leni Robredo. They were joined in by UN Rapporteur Agnes Callamard and her local counterpart Chito Gascon in denouncing the Duterte government for curtailing the freedom of the press. Other foreign-funded media outfits joined the fray for obvious reason.  Theirs is a cacophony of ridiculous chants. Robredo warned that the closure of Rappler is a symptom of a dark future of the country. The juvenile delinquents in the UP campus joined pipsqueak assemblies with screaming placards denouncing Pres. Duterte and his “malignant forces that continue to peddle lies to justify their tyranny and dictatorship”.  They cut classes to face the TV cameras and klieg lights unmindful of yet another spectacular grade the survey firms Social Weather Station and Pulse Asia showing an “excellent” grade on the sustained trust and popularity of the nation on Duterte which they had been flagellating no end.  No one seems to mind their issue about tyranny and dictatorship as the World Bank grudgingly declared that “DDS killed democracy in the Philippines but they haven’t killed the country’s vibrant economy”.  Forbes, an international business magazine, likewise quoted WB on its Global Economic Prospects, which asserts that “Duterte Philippines is the 10th fastest growing economy in the world”.  The statistics is a slap on the face of VP Robredo who remains to be an incurable pessimist despite the figures that cannot lie. She continues to see the future of the Philippines in dark glasses forgetting that she is a Vice President and therefore should have celebrated with the rest for the gains that the country achieved. For her part, Maria Ressa simply ignored what Forbes and WB declared.  Maybe out of outrage that the Robredo seemed to be out of sync and blinded by sheer politicking and negativism, UP Political Science professor and political analyst, Clarita Carlos,  made a five-worded message to The Vice President thus: “President Duterte moves the Philippines forward”. To those who denigrate Duterte from cutting the country’s umbilical cord to America, Professor Carlos had this to say. “Duterte has moved the Philippines away from the usual foreign policy and in turn ‘defined national interest’ by tracking his own way of foreign policy”. She admired Duterte for his political guts and courage.  It is indeed pathetic that while the Philippines rise several notches higher in political and economic arena the opposition and the foreign-aided media outfits shamelessly continue to belittle these achievements. It is no small feat that Philippines came out stronger in economic growth than China in the 3rd quarter of 2017. On the 4th quarter moreover China rallied (6.9%) and landed on top of Asian countries followed by Vietnam (6.8) and Philippines 6.7%. The Philippines however has been growing more than 6% for nine consecutive quarters and that sustained growth is best among Asean nations. Any which way you look at it, that spells economic stability and investment grade for investors service firms like Moody’s and other international credit rating institutions. Cause and effect is a simple gauge to measure the impact of the tyranny and dictatorial regime that Rappler and its sympathizers have been accusing the Duterte regime. But as I always say, no one can quarrel with success especially when institutions of unquestionable stature put the positive figures across. Expect the economy to grow even faster in 2018 when infrastructure spending commences under the Duterte’s Build, Build, Build program. As we all know, the government had earmarked P8.4-trillion to achieve the mega infrastructure projects comprising of railways, highways and bridges, irrigation’s, airports and seaports to name a few. The job opportunities that these programs will generate are equally mind-boggling. […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsFeb 1st, 2018

Senators grill PCSO executives over erring small-town lottery operators

SENATOR PANFILO M. Lacson yesterday called on officials of the Philippine Charity Sweepstakes Office (PCSO) to conduct a review of all small-town lottery (STL) operators, also known as authorized agent corporations (AACs), following reports from lawmakers of erring gaming firms. “I would suggest a general review of all these AACs and to find out in […] The post Senators grill PCSO executives over erring small-town lottery operators appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJan 24th, 2018

China s Tencent draws $41 billion orders for $5 billion bond sale

BEIJING, China – Chinese gaming and social media titan Tencent has raised $5 billion in a bond issue which attracted orders totalling more than $41 billion for its biggest dollar-denominated sale so far, Bloomberg reported Friday, January 12. The group, known for its wildly popular Honor of Kings video game ........»»

Category: newsSource:  rapplerRelated NewsJan 12th, 2018

Office demand from offshore gaming firms to slow this year

By Arra B. Francia, Reporter TRADITIONAL OFFICES and the information technology-business process management (IT-BPM) sector will drive demand for office spaces in 2018, as expansion of offshore gaming companies are expected to slow due to stricter government regulations. This is according to real estate consulting firm Pronove Tai International Property Consultants, which said traditional offices […] The post Office demand from offshore gaming firms to slow this year appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 10th, 2018