SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Dec 12, 2017

2. SEC Identification Number

39121

3. BIR Tax Identification No.

000-141-527-000

4. Exact name of issuer as specified in its charter

PhilWeb Corporation

5. Province, country or other jurisdiction of incorporation

Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

The Penthouse, Alphaland Southgate Tower, 2258 Roces Avenue corner EDSA, Makati City, Philippines Postal Code 1232

8. Issuer's telephone number, including area code

632-2365577

9. Former name or former address, if changed since last report

-

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
common share	1,435,626,680

11. Indicate the item numbers reported herein

-

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

PhilWeb CorporationWEB

PSE Disclosure Form 10-1 - Acquisition or Disposition of Shares
by Subsidiaries/Affiliates Reference: Section 10 of the Revised Disclosure Rules

Subject of the Disclosure
Disposition of Shares by Subsidiary
Background/Description of the Disclosure
PhilWeb Corporation, thru its subsidiary BigGame, Inc., acquired a PAGCOR e-Games site in Cainta, and thru its subsidiary, Easy E-Bingo, Inc., acquired a PAGCOR Bingo Games in Cainta from Ching Bu Gaming Corporation by giving the latter 2,250,000 PhilWeb Corporation common shares.

Name of subsidiary and/or affiliate	PhilWeb Casino Corporation
Nature of relationship with Issuer	Subsidiary of PhilWeb Corporation

Details of the Transaction

Date of Transaction	Number of Shares Acquired	Number of Shares Disposed	Price Per Share
Dec 12, 2017	-	2,250,000	8.04

Total number of shares held by the subsidiary and/or affiliate after transaction	254,054,407
Percentage to total outstanding shares	17.69

Other Relevant Information
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