Market climbs; Semirara up
thestandard.com.ph - 2016-10-04
Brown Company Inc., the holding company of businessman Walter Brown, which gained 6.1 percent to P1.21. Aboitiz Equity Ventures Inc., the holding company of the Aboitiz family, rose 3.2 percent to P77.60, while Manila Water Company Inc. added 1.6 percent ...

Naia redevelopment project gets 7 takers
BusinessMirror. - 2016-10-04
... interest for the project include San Miguel Corp. (SMC), Ayala Corp., JG Summit Holdings Inc., Filinvest Development Corp., Megawide Construction Corp. and Metro Pacific Investments Corp. "AEDC will have a foreign partner in bidding for the project ...

Aboitiz gets $1.2-billion interest in 2 power plants
BusinessMirror - 2016-10-04
DAVAO CITY--The Aboitiz Power Corp. announced on Tuesday it was acquiring indirect partnership interests at New York-listed funds in GNPower Mariveles Coal Plant Ltd. Co. (GMCP) and GNPower Dinginin Ltd. Co. (GNPD). AboitizPower said the funds at the two ...

GSIS extending ID card enrolment
Philstar - 2016-10-04
CEBU, Philippines - The Government Service Insurance System-Cebu Branch's Loans and E-Service Unit team is bringing the Unified Multi-purpose ID enrolment and card distribution literally to the local government units and government establishments.

Capable to fund own expansion: Local retail chain brushes off IPO plans
Philstar - 2016-10-04
The Philippine Stock Exchange (PSE) has been urging companies ... after the maiden offerings of Golden Haven Memorial Park Inc. (P787 million) in June and CEMEX Holdings Philippines Inc. (P25 billion) in July. The IPOs in the pipeline include the P29.7 ...

Nathalie Hart displays derring-do in launching flick
Philstar - 2016-10-04
STAR CIRCUIT By Ricky Calderon (The Freeman) | Updated October 5, 2016 - 12:00am Nathalie Hart Leading telco and digital services provider PLDT, through its consumer business unit PLDT HOME, is bringing the Smart Home suite of services to Filipino families ...

Filipino Energy Co. Drops $1.2B On Power Plant Stakes
Law 360 - 2016-10-04
Law360, New York (October 4, 2016, 1:27 PM EDT) -- A unit of Filipino energy company Aboitiz Power Corp. said Tuesday that it plans to buy interests in two coal-fired power plants from funds managed by the Blackstone Group LP in a $1.2 billion cash deal ...

Aboitiz secures $650-m bank loan
thestandard.com.ph - 2016-10-04
Aboitiz Power Corp. on Tuesday signed an agreement with six foreign banks for a $650-million facility to partly finance the acquisition of indirect interests in two big coal plants in Bataan province. Aboitiz Power signed the facility agreement with The ...

Philippine Energy Co. Drops $1.2B On Power Plant Stakes
Law 360 - 2016-10-04
Law360, New York (October 4, 2016, 1:27 PM EDT) -- A unit of Philippine energy company Aboitiz Power Corp. said Tuesday that it plans to buy interests in two coal-fired power plants from funds managed by the Blackstone Group LP in a $1.2 billion cash deal ...

Philippine Energy Co. Drops $1.2B On Power Plant Stakes
Law 360 - 2016-10-04
Law360, New York (October 4, 2016, 1:27 PM EDT) -- A unit of Philippine energy company Aboitiz Power Corp. said Tuesday that it plans to buy interests in two coal-fired power plants from funds managed by the Blackstone Group LP in a $1.2 billion cash deal ...

Market climbs; Semirara up
thestandard.com.ph - 2016-10-04
Aboitiz Equity Ventures Inc., the holding company of the Aboitiz family, rose 3.2 percent to P77.60, while Manila Water Company Inc. added 1.6 percent to close at P31. Meanwhile, most Asian stocks also traded higher Tuesday. The odds the Fed will raise ...

Good for business
Philstar - 2016-10-04
There is also a perceived oversupply of mid-market residential condominium buildings in Metro Manila. "While top players like Ayala, DMCI, Filinvest, Lopez/Rockwell, Megaworld, Federal Land, Robinsons, SM, and Vista Land Groups will continue to build due ...

Southwoods-Masters leads Cebu by 4
Philstar - 2016-10-04
... rounds to power Manila Southwoods-Masters to a four-point lead over Cebu Country Club at the start of the 11th Philippine Airlines Ladies Interclub golf team championships at Camp John Hay Golf Club in Baguio yesterday. The 14-year-old Ilas, who has ...

PSE cuts capital raising forecast
Manila Standard Today - 2016-10-04
The Philippine Stock Exchange expects companies to raise P185 billion from ... Only two companies were listed so far this year, including Golden Haven Memorial Parks Inc. of the Villar Group and cement manufacturer Cemex Holdings Philippines Inc., a ...

PSEi rises above 7,700
Inquirer - 2016-10-04
Universal Robina Corp., SM Investments Corp. and Jollibee were all up by more than 1 percent while SM Prime, BDO, Metro Pacific Investments Corp., Ayala Land, Metrobank, Ayala Corp. and BPI also firmed up. Outside of PSEi stocks, one notable gainer was A.

Maynilad to spend P13.5 billion in capital expenses in 2017
BusinessMirror. - 2016-10-04
At the moment, the coverage of sewage-treatment plant of Maynilad, the biggest contributor in the income of conglomerate Metro Pacific Investments Corp., is only about 14 percent. The goal is to have full coverage by 2037, when its concession contract expires.

Aboitiz gets $1.2-billion interest in 2 power plants
BusinessMirror. - 2016-10-04
DAVAO CITY--The Aboitiz Power Corp. announced on Tuesday it was acquiring indirect partnership interests at New York-listed funds in GNPower Mariveles Coal Plant Ltd. Co. (GMCP) and GNPower Dinginin Ltd. Co. (GNPD). AboitizPower said the funds at the two ...

Long-haul project bonds needed to underwrite ambitious PPP Program
BusinessMirror. - 2016-10-04
During the panel discussion, Philippine Stock Exchange (PSE ... and the Senate in recasting so-called legacy laws and incorporating the revisions in the Corporation Code. In his presentation at the forum, PSE President and CEO Hans B.

Property developers as advocates for change
BusinessMirror. - 2016-10-04
The good thing is that our property developers--like Megaworld, Pro-Friends and Filinvest Land, to name a few--have been up to the challenge of meeting the demand, building world-class office developments for O&O locators and contributing immensely to ...

China Bank Capital signs deals with SM Prime, Ayala Land, SMC Global Power
Manila Bulletin - 2016-10-04
China Bank Capital Corporation, the investment arm of China Banking Corporation, completed three landmark deals recently. China Bank Capital is the joint issue manager, joint lead underwriter, and joint bookrunner for the bond issue of SM Prime Holdings ...

China Bank Capital signs deals with SM Prime, Ayala Land, SMC Global Power
Manila Bulletin - 2016-10-04
China Bank Capital Corporation, the investment arm of China Banking Corporation, completed three landmark deals recently. China Bank Capital is the joint issue manager, joint lead underwriter, and joint bookrunner for the bond issue of SM Prime Holdings ...

BDO arm is top broker
Philstar - 2016-10-04
MANILA, Philippines - A subsidiary of listed BDO Unibank Inc. emerged as number one among the 60 insurance brokers operating in the country in terms of both premiums and commissions generated. BDO Insurance Brokers Inc. (BDOI) topped the year-end 2015 ...

DENR meeting with experts, getting ready to use TEV tool
BusinessMirror. - 2016-10-04
Dante Bravo, president of Global Ferronickel Holdings Inc., earlier told the BusinessMirror that imposing the TEV is "unconstitutional," as it would impair contract obligations for existing mining projects. He said the TEV is not specified in the ...

Anti-cyberbullying campaign of GMA Network wins at first ever BlogEx Manila Awards
GMA Network - 2016-10-04
... an inspirational talk about the campaign at the 12th Philippine Blogging Summit recently held at the University of the Philippines Diliman. With the month of the October being anti-bullying month, GMA is set to come out with new videos to inspire more ...

Tan company to bid for Naia redevelopment
BusinessMirror. - 2016-10-04
Tan owns and operates pioneering flag carrier Philippine Airlines. Contacted for comment, PAL President Jaime Bautista told the BusinessMirror: "We are working with a possible partner, which we are not at liberty to announce at this time." AEDC was the ...

The transition cycle continues
BusinessMirror. - 2016-10-04
The current president of Taiwan--Tsai Ing-wen --is part of this group, breaking the dominance of the Kuomintang Party after more than 50 years with a landslide 56-percent victory. In Germany there is the new Alternative for Germany (AfD) party and in ...

AboitizPower inks $1.2-B deal to grow portfolio
Manila Bulletin - 2016-10-04
Aboitiz Power Corporation (AboitizPower) is paying $1.2 billion to buy out one of its foreign stakeholders in two big GNPower projects, a move that will bring the company closer to its 2020 targets. After announcing the deal on Monday afternoon ...

Oil firms hike pump prices today
Visayan Daily Star - 2016-10-04
MANILA -- Oil companies will hike pump prices effective early today. Flying V, Phoenix Petroleum, Seaoil and Unioil announced an increase of 0.35 centavos for every liter of gasoline and diesel by 0.60 centavos per liter. Prices of kerosene will also ...

AboitizPower strikes a US$1.2-B deal to grow portfolio, buys out a foreign stakeholder in two GNPower projects
Manila Bulletin - 2016-10-04
Aboitiz Power Corporation (AboitizPower) is paying US$1.2 billion to buyout one of the foreign stakeholders in two big GNPower projects, a move that will bring the company closer to its 2020 targets. After announcing the deal on Monday afternoon ...

DOLE: 10,532 workers regularized so far under Duterte admin
Rappler - 2016-10-04
(READ: Duterte to companies: Stop contractualization or I will close you) He even cited as example the local franchise of 24/7 convenience store chain 7- Eleven and SM Investments Corporation. According to him, 7-Eleven has already regularized some 800 ...

Bogo Medellin Milling Co Inc (BMM)
investing.com - 2016-10-04
Bogo-Medellin Milling Co., Inc. is a Philippines-based Sugar Mill, a manufacturing company. The Company is principally engaged in milling/manufacturing of centrifugal raw sugar with molasses as its by-product. The Company operates through two business ...

PLDT, Smart launch international content partnership
Rappler - 2016-10-04
MANILA, Philippines - Telco and digital services provider PLDT, through its consumer business unit PLDT HOME, is bringing the Smart Home suite of services to Filipino families through a string of partnerships with leaders in retail and entertainment.

Lucio Tan group to bid for Naia
thestandard.com.ph - 2016-10-03
Other conglomerates that expressed interest to join the Naia redevelopment project were Metro Pacific Investments Corp., Ayala Corp., San Miguel Corp and JG Summit Holdings Inc. The Transportation Department said it expected to begin PPP procurement this ...

Market rises; Nickel Asia up
thestandard.com.ph - 2016-10-03
Gainers edged losers, 93 to 88, while 50 issues were unchanged. Sixteen of the 20 most active stocks ended in the green, led by Global Ferronickel Holdings Inc. which climbed 8 percent to P1.08 and Nickel Asia Corp. which advanced 4.9 percent to P7.55.

Cityland plans to raise P1.3b
thestandard.com.ph - 2016-10-03
Listed condominium builder Cityland Development Corp. plans to raise P1.3 billion from the issuance of commercial papers. A registration statement filed with the Securities and Exchange Commission showed Cityland would use the proceeds from the fundraising ...

Lucio Tan-led AEDC joins NAIA bidding
Philstar - 2016-10-03
Other major conglomerates Ayala Corp., San Miguel Corp. and Metro Pacific Investments Corp. are also interested to participate in the bidding for the project. - With Rudy Santos

Global Ferronickel announces 1-for-3 reverse stock split
Big News Network - 2016-10-03
GLOBAL Ferronickel Holdings, Inc. (FNI), the second largest nickel producer in the country and the largest single lateritic mine exporter in the world, announced on Monday that its shareholders have approved a reverse stock split of its common stock at a ...

ALU accuses PLDT contractor of insincerity to solve labor row
Philstar - 2016-10-03
CEBU, Philippines - The members of the Pro Tek Telecoms Support, Inc. Employees Union-ALU-TUCP vowed to sustain their peaceful protest action against the management until their plea will be considered and granted. Lawyer Jonas V. Asis, ALU-Central ...

50 witnesses to testify vs Elenita Binay
Philippine Daily Inquirer - 2016-10-03
Representatives from the bed supplier then known as Mabuhay 2000 Enterprises (now AgriNurture Inc.) will also testify. Former Commission on Audit (COA) Commissioner Heidi Mendoza will take the witness stand, along with her successor Commissioner Isabel ...

Aboitiz chosen preferred bidder for Bataan plant
thestandard.com.ph - 2016-10-03
A unit of Aboitiz Power Corp. emerged as the preferred bidder for the combined interests of The Blackstone Group LP in the Mariveles and Diningin coal projects with a combined capacity of 1,900 megawatts. Aboitiz Power said in a disclosure to the stock ...

Market rises; Nickel Asia up
thestandard.com.ph - 2016-10-03
DMCI Holdings Inc. rose 4.5 percent to P12.60, while Manila Water Company Inc. gained 4.1 percent to P30.50. Meanwhile, Asian markets rallied Monday with financials up on easing fears about the future of German giant Deutsche Bank after a source said it ...

PSEi firms up
Inquirer - 2016-10-03
URC and Ayala Corp. both rose by more than 2 percent while Megaworld, Metrobank and ICTSI all gained over 1 percent. BDO, SM Prime, SM Investments Corp., Globe Telecom and Semirara likewise firmed up. Outside of the PSEi, notable gainers included Global ...

Market rises; Nickel Asia up
thestandard.com.ph - 2016-10-03
Sixteen of the 20 most active stocks ended in the green, led by Global Ferronickel Holdings Inc. which climbed 8 percent to P1.08 and Nickel Asia Corp. which advanced 4.9 percent to P7.55. DMCI Holdings Inc. rose 4.5 percent to P12.60, while Manila Water ...

DOE urges DOE-Mindanao oil players to explain unusual price reductions
news.pia.gov.ph - 2016-10-03
TAGUIG CITY, Oct 4 - The Department of Energy (DOE) is asking the oil players in Mindanao to explain the unusual price reductions in gasoline products that may be breaching provisions under the existing law. Based on the monitoring of the DOE-Mindanao ...

Ayala Land Premier unveils show flat for new ultra-luxury Makati project
Manila Bulletin - 2016-10-03
Ayala Land Premier (ALP) recently launched Park Central Towers, a true icon of design that will soar above the crossroads of Paseo de Roxas and Makati Avenue. It was conceptualized by luxury boutique Singaporean design firm, SCDA in collaboration with ...

AboitizPower buying stake in GNPower, owner of Mariveles coal-fed plant
Manila Bulletin - 2016-10-03
Aboitiz Power Corporation (AboitizPower), through its wholly owned subsidiary Therma Power, Inc., will be entering two projects owned by GNPower Ltd. Co. by buying a stake in the company. A disclosure in the Philippine Stock Exchange yesterday showed that ...

Ayala Land Premier unveils show flat for new ultra-luxury Makati project
Manila Bulletin - 2016-10-03
Ayala Land Premier (ALP) recently launched Park Central Towers, a true icon of design that will soar above the crossroads of Paseo de Roxas and Makati Avenue. It was conceptualized by luxury boutique Singaporean design firm, SCDA in collaboration with ...

8990 Holdings eyes higher revenues
Philstar - 2016-10-03
MANILA, Philippines - Mass housing developer 8990 Holdings hopes to double its revenues to P24 billion next year from a target of P12 billion this year. In a press briefing, Januario Jesus Atencio, president and CEO of 8990, said that with the company ...

COCKTALES | Price war engulfs Mindanao as Petron undercuts gypsy sellers
interaksyon.com - 2016-10-03
It all began early this year, when the so-called 'bote-bote' (literally, by the bottle) stores and even vans began popping up in Davao, General Santos and Cagayan de Oro, selling gasoline in one-liter Coke bottles. With P6 to P8 cheaper per liter than the ...

Panasonic's concept mirror finds your flaws and prints makeup to fix
MSN - 2016-10-03
Panasonic has discovered a profitable new business in the last few years: beauty tech products. Facial moisturizing tech, hair dryers and very relaxing eye masks that I may have tested out (multiple times) at my local Japanese tech store. This time, the ...