Metro Pacific, Ayala eye MRT 3 takeover
thestandard.com.ph - 2017-08-31
The consortium of Metro Pacific Investments Corp. and Ayala Corp. proposed to take over the assets, operations and maintenance of Metro Rail Transit Line 3 in six months under an application it submitted as the original proponent to the government in July.

Asiabest Group International Inc (ABG)
investing.com - 2017-08-31
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

BDO Leasing and Finance Inc (BLFI)
investing.com - 2017-08-31
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Shang Properties Inc (SHNG)
investing.com - 2017-08-31
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Wellex Industries Inc (WIN)
investing.com - 2017-08-31
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Ayala completes Zalora acquisition
thestandard.com.ph - 2017-08-31
BPI Capital Corp., a unit of Bank of the Philippine Islands and Kickstart Ventures Inc ... Moreover, with businesses in real estate, banking, and telecommunications, this investment provides opportunities for Ayala to create synergies across the e ...

Market flat; Ayala, Manila Water climb
thestandard.com.ph - 2017-08-31
Gainers outnumbered losers, 101 to 84, while 63 issues were unchanged. Eleven of the 20 most active stocks ended in the green, led by Manila Water Company Inc. which climbed 2.5 percent to P30.95 and Bank of the Philippine Islands which rose 2.3 percent to ...

Megaworld set to open 14th mall in Laguna
thestandard.com.ph - 2017-08-31
Property developer Megaworld Corp. said Thursday it will open the P2-billion Southwoods Mall within the 561-hectare Southwoods City project in Laguna province in October. Megaworld said in a disclosure to the stock exchange the three-level Southwoods Mall ...

Aboitiz affiliate to borrow $800M to refinance loans
Inquirer - 2017-08-31
Aboitiz Power Corp. on Wednesday said its affiliate, GNPower Mariveles Coal Plant Ltd. Co. (GMCP), would borrow $800 million to refinance existing loans. AboitizPower subsidairies Therma Mariveles Holdings Inc. and Therma Mariveles Camaya B.V. are part of ...

Top 10 companies 'Filipinos want to work for' in 2017
Rappler - 2017-08-31
MANILA, Philippines - The Manila Electric Company (Meralco) and San Miguel Corporation (SMC) top the list of companies Filipinos would most like to work for, according to a new survey by online employment marketplace Jobstreet.com. Jobstreet country ...

Leisure and Resorts World Corp (LR)
investing.com - 2017-08-31
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Computrends Systems Technology, Inc.
jobstreet.com.ph - 2017-08-31
With its competitive pricing structure, coupled with its after-sales service committment to clients, the company was able to build good relations with clients i.e. Hitachi Group of Companies, LT Group of Companies, De La Salle Educational Group of Colleges ...

BDO to raise $700 mln in largest notes issue by a Philippine bank
Reuters - 2017-08-31
MANILA, Aug 31 (Reuters) - BDO Unibank Inc said on Thursday it would issue $700 million in fixed-rate notes, the largest single transaction to date by a Philippine bank ... Mizuho Securities and Mitsubishi UFJ Financial Group acted as co-managers.

PSE sells Ortigas offices to PhilRealty
BusinessWorld Online - 2017-08-31
THE Philippine Stock Exchange, Inc. (PSE) has sold its Ortigas offices to Philippine Realty and Holdings, Corp. (PhilRealty) for P257.18 million, as the bourse prepares its transfer to Bonifacio Global City (BGC) in 2018. In a disclosure on Wednesday, the ...

AboitizPower unit inks $800-M notes facility
BusinessWorld Online - 2017-08-31
ABOITIZ POWER Corp. on Wednesday said its unit GNPower Mariveles Coal Plant Ltd. Co. (GMCP) signed a notes facility agreement amounting to $800 million with a consortium of lenders. The 632-MW GNPower Mariveles power plant is a partnership among AC ...

Abra Mining and Industrial Corp (AR)
investing.com - 2017-08-31
Abra Mining and Industrial Corporation is a Philippines-based company, which is licensed to engage in the exploration, development, exploitation, processing , manufacture, extraction, milling and sale of cement and metal concentrate, marble, building ...

Malaysian firm shares engineered landfill system as PHL grapples with garbage crisis
BusinessMirror. - 2017-08-30
Berjaya Philippines is already in the midst of negotiations with local officials of Naga City in Cebu province on the possibility of hosting a landfill site. They intend to build on land bought by Berjaya Philippines. Berjaya Philippines Inc. President ...

Elite MTB riders banner Filinvest Endurance cast
m.philstar.com - 2017-08-30
MANILA, Philippines - Elite and amateur mountain bike (MTB) riders gear up for another thrilling and demanding race when the fifth Filinvest City Endurance Weekend is held on Sept. 30-Oct. 1 at the Filinvest City Alabang. The event, a test of skill ...

Pre-shipment inspection not fair -- Eagle Cement
thestandard.com.ph - 2017-08-30
In separate letters to Trade Secretary Ramon Lopez, Taiheiyo Cement Philippines president and CEO Satoshi Asabi, Mabuhay Filcement Inc. CEO Enrison Benedicto, incoming Republic Cement president Nabil Francis and Cemex Philippines president Ignacio Mijares ...

DoubleDragon follow-on offer by yearend
BusinessWorld Online - 2017-08-30
DOUBLEDRAGON Properties Corp. targets to issue its P7.5-billion follow-on offering before the end of the year, which the company plans to offer to both domestic and foreign investors. The listed property developer on Wednesday secured shareholders ...

Registration for 5th Filinvest Endurance Weekend now on
thestandard.com.ph - 2017-08-30
ELITE and amateur mountain bike riders can once again expect a thrilling and demanding race experience as the 5th Filinvest City Endurance Weekend makes its way on Sept. 30 to Oct. 1, at the Filinvest City Alabang. The Filinvest City Endurance Weekend ...

SM wants to buy into Goldilocks
Rappler - 2017-08-30
MANILA, Philippines - SM Investments Corporation, the listed conglomerate of the Philippines' richest man Henry Sy Sr, confirmed that it plans to buy into Goldilocks Bakeshop Incorporated, the largest bakeshop chain in the Philippines. SM told the ...

Tytana notches another 100% passing rate in NDLEX
Philstar - 2017-08-30
Tytana prepares graduates for the workplace through the academe-industry partnership. An established partnership with the Metrobank Group, internship program directed at real-world experience, classroom teaching enhanced with practical exposure and ...

Envisioning the future
Philstar - 2017-08-30
And it also shows how our economic thinking has not caught up with the economic reality. In the 19th century, families like the Rockefellers championed property rights in the United States because there were few other places where they could go and squirr ...

GNPower Mariveles taps local banks for $800-M refinancing
Philstar - 2017-08-30
BDO Capital & Investment Corp. is acting as sole mandated lead arranger of the ... It is owned by Nauruan-American firm Power Partners Ltd. Co. and by AC Energy Holdings Inc. of the Ayala Group with 20 percent. AboitizPower entered the picture when it ...

Goldilocks confirms talks with SM, sees strategic brand fit
Philstar - 2017-08-30
In a disclosure, SM Investments Corporation (SMIC), the holding company of the Sy family, said it is in preliminary discussions with Goldilocks Bakeshop for "a possible equity investment, joint venture or other cooperation arrangement." The parties are ...

Zarate warns ERC: Provide details on Meralco power deals, Malampaya or you get no budget
BusinessMirror. - 2017-08-30
Bayan Muna Rep. Carlos Zarate warned officials of the Energy Regulatory Commission that their proposed allocation in the 2018 national budget would be set aside if they do not submit the required documents on the Meralco-affiliated power sale agreements ...

Duterte hits Lopez Holdings for 'debt' to government
Rappler - 2017-08-30
It is the parent company of multimedia conglomerate ABS-CBN Corporation and First Philippine Holdings Corporation, which has interests in power, property, and manufacturing. "They use the people's money to finance their business but they keep the earnings ...

Duterte to go after Lopez companies for unpaid DBP loans
Philippine Daily Inquirer - 2017-08-30
The Lopezes also own media giant ABS-CBN Corp., which Duterte has slammed for allegedly being biased against him. Duterte has launched attacks against ABS-CBN, saying he paid the network for airtime during the presidential election campaign, using money ...

Pre-shipment inspection not fair -- Eagle Cement
thestandard.com.ph - 2017-08-30
In separate letters to Trade Secretary Ramon Lopez, Taiheiyo Cement Philippines president and CEO Satoshi Asabi, Mabuhay Filcement Inc. CEO Enrison Benedicto, incoming Republic Cement president Nabil Francis and Cemex Philippines president Ignacio Mijares ...

Stock market rebounds; Bloomberry, URC rise
thestandard.com.ph - 2017-08-30
Ten of the 20 most active stocks ended in the green, led by hotel and gaming company Bloomberry Resorts Corp. which climbed 3.5 percent to P11.14 and food manufacturer Universal Robina Corp. which gained 1.1 percent to P148.90. Puregold Price Club Inc ...

DoubleDragon eyes P4.8-b new projects
thestandard.com.ph - 2017-08-30
DoubleDragon Properties Corp. said Wednesday it will spend P4.8 billion to develop 100,000 square meters of industrial leasing space and 5,000 hotel rooms across the country by 2020. DoubleDragon president Edgar "Injap" Sia Jr. said at the sidelines of ...

Philippine Competition Commission approves Jack Ma's Globe Fintech acquisition
cnnphilippines.com - 2017-08-30
to acquire 45 percent of the start-up Globe Fintech Innovations, Inc. Alipay is a unit of Ant Financial Group, a digital financial service provider owned by Chinese tycoon Jack Ma. Ma is the founder and chairman of the e-commerce business giant Alibaba Group.

Semirara Mining more than tripling capital base to P10 B
Philstar - 2017-08-30
MANILA, Philippines - Semirara Mining and Power Corp. (SMPC) is preparing itself for future investments after it secured regulatory approval to more than triple its authorized capital stock. In a disclosure to the Philippine Stock Exchange yesterday ...

Del Rosario hangs tough
BusinessMirror. - 2017-08-30
Pauline del Rosario battled through sun and rain and came away with a second straight 68, fending off a late-charging Princess Superal for a three-stroke lead after two rounds of the International Container Terminal Services Inc. (ICTSI) Pradera Verde ...

South East Asia Stocks -Thailand hits over 4-yr high ahead of factory output data
Economic Times - 2017-08-30
Meanwhile, Philippine shares fell with industrial stocks accounting for half of the losses. JG Summit Holdings fell as much as 2.4 per cent, while Aboitiz Equity Ventures dropped more than 1 per cent.

Phinma investing up to P210M in new cement company
BusinessWorld Online - 2017-08-30
PHINMA Corp. on Tuesday said it is investing up to P210 million in a new cement company. In a regulatory filing, Phinma said its board of directors approved the investment of up to P210 million for a 60% stake in a yet to be incorporated cement firm.

Philippine Airlines long haul strategy Part 3: resuming Cebu-Los Angeles and new US destinations
Centre for Asia Pacific Aviation - 2017-08-30
Philippine Airlines is planning to resume services from Cebu ... The A350 enables PAL to improve its business class seat and introduce premium economy on long haul routes. However, PAL will need to commit to 777 retrofits to provide a consistent product ...

DoubleDragon to spend over P4 billion for industrial hubs, hotels
Rappler - 2017-08-30
MANILA, Philippines - DoubleDragon Properties Corporation plans to spend P4.8 billion to develop 100,000 square meters (sqm) of industrial leasing hubs and 5,000 hotel rooms across the Philippines by 2020. DoubleDragon president Edgar "Injap" Sia II said ...

Fire Ravages Ever Gotesco Mall
News Philippines Yahoo - 2017-08-30
MANILA, Philippines - A fire that lasted more than nine hours gutted the Ever Gotesco Grand Central mall in Monumento, Caloocan City, Saturday. Investigators said the fire started in one of the stalls on the mall's ground floor at close to 11 p.m. Friday.

MPIC eyes more Philippines, ASEAN infra projects
Philstar - 2017-08-30
MANILA, Philippines - Metro Pacific Investments Corp. is looking for new infrastructure and tollways projects in the country and in the ASEAN region. In a disclosure yesterday, MPIC said its subsidiary Metro Pacific Tollways Corp. (MPTC) would form a ...

LBC Express on track to exceed core profit target for this year
BusinessWorld Online - 2017-08-30
LBC EXPRESS Holdings, Inc. may exceed its core net income target for this year by as much as 5%, a top official said on Tuesday. LBC Investor Relations Officer and Acting Chief Finance Officer Enrique V. Rey, Jr. said the company is banking on its fourth ...

MGB to Adopt ADR Rules for Mining Cases
Lexology - 2017-08-30
In Benguet Corporation vs. Department of Environment and Natural Resources-Mines Adjudication Board, 545 SCRA 196 (2008), the Supreme Court ruled that the Petition for Declaration of Nullity/Cancellation of the Royalty Agreement with Option to Purchase ...

Robinsons Retail Holdings Inc (RRHI)
investing.com - 2017-08-30
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

Semirara increases capital to P10b from P3b
thestandard.com.ph - 2017-08-29
The Securities and Exchange Commission approved the increase in authorized capital stock of Semirara Mining and Power Corp. to P10 billion from P3 billion. Semirara said in a disclosure to the stock exchange the corporate regulator approved the higher ...

Puregold acquires B&W stores in Capiz
thestandard.com.ph - 2017-08-29
Supermarket chain operator Puregold Price Club Inc. said Tuesday it acquired five B&W stores in Roxas City, Capiz, a move that will bolster its presence in Western Visayas. Puregold said with the acquisition, it would now have six stores in Panay and 11 ...

Developer banks on rising demand for office spaces
Philstar - 2017-08-29
CEBU, Philippines - Innoland Development Corporation banks on the sustaining office space ... Innoland made its aggressive entry into real estate development industry in Cebu in 2010 with the introduction of the 26-story "The Calyx Center" as its flagship ...

Manila Water ties up with Obando utility
Philstar - 2017-08-29
MANILA, Philippines - Ayala-led Manila Water Co. Inc. has entered into a joint venture agreement ... as joint venture partners in the Obando Water Concession Project," the company said. Last January, Manila Water won the project to develop the water ...

MPTC eyes potential investments in ASEAN
BusinessWorld Online - 2017-08-29
METRO PACIFIC Tollways Corporation (MPTC) is studying the possibility of investing in toll roads and other infrastructure projects in Southeast Asia. In a disclosure to the stock exchange on Tuesday, Metro Pacific Investments Corp. (MPIC) said the MPTC ...

MCIA passenger traffic hits 5.17 million in first half
BusinessWorld Online - 2017-08-29
Air traffic volume also saw a 22% growth to 43,268 from 35,570 during the period in review. Megawide Construction Corp., which took over operations of the Mactan airport in November 2014 through GMR-Megawide Cebu Airport Corp. (GMCAC) with its Bangalore ...