Mining chamber eyes $30-billion investment in next ten years
BusinessMirror. - 2016-06-30
the $2-billion Silangan Project of Philex Mining Corp. in Surigao del Norte, the $2-billion Kingking Copper-Gold Project of Nationwide Development Corp. in Davao del Norte, the $2-billion Asiaticus project in Davao Oriental, the $2-billion from Lepanto ...

Del Monte turns around, posts $51.5-M income
Philstar - 2016-06-30
MANILA, Philippines - Del Monte Pacific Ltd. (DMPL), the Singapore and Philippine listed food conglomerate, has turned around to a net income of $51.5 million for its fiscal year ending April 30, improving from a net loss of $43.174 million a year ago.

PAL reports 560% rise in net income to $134.42 million
Manila Bulletin - 2016-06-30
After adopting cautious strategies and managing its resources, Philippine Airlines (PAL) comprehensive earnings shot up six-fold, from $20.38 million in 2014 to $134.42 million in 2016, a 560 percent increase. "Carefully calibrated route and fleet ...

Megaworld unit spending P10B for 5 hotels in Boracay, Batangas
Rappler - 2016-06-30
MANILA, Philippines - A subsidiary of property giant Megaworld Corporation is spending P10 billion to complete 5 hotels in its townships in Boracay and Batangas by 2019. Tourism and leisure township developer Global-Estate Resorts, Incorporated (GERI ...

GWS Production AB: GWS' Singapore-based subsidiary signs major partner agreement with ACASIA Communications Sdn Bhd
MSN - 2016-06-30
Incorporated in 1995 in Kuala Lumpur, Malaysia, ACASIA Communications Sdn Bhd is a unique ASEAN collaboration among 7 leading telecommunications provider in the region, and they are TM from Malaysia, CAT from Thailand, Indosat from Indonesia, PLDT from the ...

Chinabank buys ATC Securities
Manila Bulletin - 2016-06-30
The China Bank Group, through China Bank Capital Corporation (China Bank Capital), has signed a share purchase agreement to acquire 100 percent of ATC Securities, Inc. ATC Securities, Inc. was incorporated on December 13, 1978 as Cathay Asia Securities ...

Cemex pegs IPO price at P10.75/share
Manila Bulletin - 2016-06-30
Inc. has set the price of its initial public offering at P10.75 per share, at the lower end of its indicative price range of P10.50 to P12.00 per share, to raise up to P25.1 billion in fresh equity. In a disclosure to the Philippine Stock Exchange (PSE ...

Cemex IPO priced at P10.75
Inquirer - 2016-06-30
CEMENT-maker Cemex Holdings Philippines Inc. has priced its initial public offering (IPO ... The final IPO price was disclosed by Cemex to the Philippine Stock Exchange on Thursday. The deal was oversubscribed even without yet taking in orders from ...

Local agri firm deploys rain sensors for data-driven farming
newsbytes.ph - 2016-06-30
In an ambitious bid to jumpstart intelligence-based farming in the country, aggressive agricultural firm Calata Corporation is deploying Austrian-made rain sensors to introduce smart agriculture to client farmers in Bulacan. Joseph Calata, founder and CEO ...

Philippine mining set for bumpy ride under Duterte administration
MSN - 2016-06-29
Lopez is expected to outline her plans at a media briefing on Friday. "SURVIVAL OF THE FITTEST" Ramon Adviento, senior vice president at Global Ferronickel Holdings Inc (FNI.PS), the Philippines' second-biggest nickel ore miner, said the industry was ...

ALL INDIA BANK ASSOCIATION UNION
Economic Times - 2016-06-29
Associate banks have informed customers about operation to be hit due to strike by State Sector Bank Employees Association, an associate of AIBEA. Scotland, he pointed out, has GBP 225 million exports to India, and 156 million GBP in imports, so the scope ...

Paragon Starter Pack, Saints Row: Gat out of Hell headline July PlayStation Plus offerings
Big News Network - 2016-06-29
Starting on July 5, Plus members can download the pack which includes instant access to the Paragon beta and in-game items such as three Master Challenges for Gadget, Murdock, and Rampage. Worth $40, it also unlocks skins, XP boosts, emotes, deck slots ...

New 8990 tower up
thestandard.com.ph - 2016-06-29
Mass housing developer 8990 Holdings Inc. said it expects to raise as much as P7.2 billion in sales from the construction of new condominium development in Cubao, Quezon City. 8990 Holdings said in a disclosure to the stock exchange it tapped listed ...

Herbs galore-for flavoring food and healing the body
Inquirer Lifestyle - 2016-06-29
While the essays gave a lot of information about herbs, there will be much more in the book "Philippine Herbs for Healthy Cooking, Common Cures, and Concoctions" (ArtPost Asia and Aboitiz Equity Ventures, 2015). Its popular edition will be launched in ...

Golden Haven eyes preneed business
BusinessMirror. - 2016-06-29
GOLDEN Haven Memorial Park Inc., a developer of memorial parks in the country, is looking at entering the preneed industry after its debut at the Philippine Stock Exchange. Golden Haven COO Maribeth Tolentino said the Villar family-controlled company is ...

Empire East creates ideal, exemplary home choices
Inquirer - 2016-06-29
And this is something that trusted property developer Empire East Land Holdings Inc. knows only too well as it places huge importance on having the freedom to choose a home that offers quality, convenience, accessibility, and an enhanced lifestyle.

Spanish companies seek stronger ties with PHL
BusinessMirror. - 2016-06-29
Among the companies that participated in the business networking luncheon were Aboitiz Equity Ventures Inc., Acciona, Ayala Corp., Ayesa, BDO Unibank, Eptisa, Fuego Hotels, Fundacion Santiago, Gamesa, Inclam, Maybank ATR Kim Eng, Mondial Tours, OHL ...

New growth areas for renewable energy
Inquirer - 2016-06-29
Emerging RE provider Solar Philippines Power Project Holdings Inc. is also keen ... One of its larger projects is a 103-kilowatt-hour (kWh) installation for the Keppel shipyard in Batangas, director Nicolas A Bivero said.

Northern Palawan needs better Busuanga airport
BusinessMirror. - 2016-06-29
Today, Philippine Airlines, Cebu Pacific and some chartered flights operates out of the Busuanga airport, which was renamed Francisco R. Reyes Airport in November 2008. Reyes was the mayor of Coron from 1936 to 1939 who donated the land that forms the ...

Del Monte posts $51.5M net profit
Manila Bulletin - 2016-06-29
Del Monte Pacific Limited posted a major turnaround with a net profit of US$51.5 million for the full year ending April, 2016 from a net loss of $43.2 million in the last fiscal year. In a disclosure to the Philippine Stock Exchange, Del Monte said the ...

Del Monte Pacific swings to profitability
Inquirer - 2016-06-29
CAMPOS family-led food and beverage conglomerate Del Monte Pacific Ltd. (DMPL) returned to profitability in its full fiscal year ending April, boosted by higher global sales alongside one-time gains arising from retirement plan and working capital ...

Chit funds resurface in Bengal in agricultural schemes avatar
Economic Times - 2016-06-29
The official said that in many cases these potato and other agricultural schemes offered investors guaranteed ... they should not invest in any scheme or financial company which are not approved by the SEBI, RBI or other central financial agencies ...

EDC marks Arbor Day in NegOcc
news.pia.gov.ph - 2016-06-29
NEGROS ORIENTAL, June 29 (PIA) - The Energy Development Corporation (EDC) and its partners in the 10M in 10 for a Greener Negros movement (10M in 10) celebrated Arbor Day through simultaneous tree planting activities across Negros Island. According to ...

PHL stocks rally ahead of Duterte inauguration
interaksyon.com - 2016-06-29
The barometer Philippine Stock Exchange index (PSEi) zoomed 131.84 points or 1.72 percent ... stimuli sent investors running for bargain issues," said RCBC Securities Inc. in a market report. A two-day European Union (EU) Summit to discuss the British ...

PSE rallies on global stimuli hopes
Inquirer - 2016-06-29
(See related story). Outside of the PSEi, another notable gainer was airline operator Cebu Air, which rose by 3.9 percent. On the other hand, Security Bank slid by 4.47 percent following the shareholder dilution caused by the listing of new shares issued ...

Golden Haven sizzles on stock debut
Inquirer - 2016-06-29
Golden Haven, an affiliate of leading housing developer Vista Land & Lifescapes, is a leading developer of memorial parks. It has been in operation for three decades and has established a footprint in cities like Las Pinas, Cagayan de Oro, Bulacan ...

8990 Holdings unveils new condo project in Cubao
Inquirer - 2016-06-29
MASS housing developer 8990 Holdings is developing a new condominium tower in Cubao, Quezon City that offers affordable "halfway" houses to urban workers, bringing P7.2 billion worth of new inventory to the residential property market. 8990 Holdings ...

8990 building P7.2B Cubao condo
Manila Bulletin - 2016-06-29
Mass housing giant 8990 Holdings, Inc. subsidiary 8990 Housing Development Corporation has signed a Memorandum of Agreement with MEGAWIDE Construction Corporation to construct a P7.2 billion condominium project in Quezon City. MEGAWIDE shall be the general ...

Does the recent re-assignment of SMC frequency benefit the consumers?
MSN - 2016-06-29
As a member of the Board of Directors of Globe Telecom with responsibility for corporate governance, accountable not just to shareholders but to all stakeholders, including customers and government authorities, I am fully satisfied that the answer is an ...

Pooled editorial: President and press have common duty
Philippine Daily Inquirer - 2016-06-29
Aside from the Inquirer, Cebu Daily News, The Standard and the Philippine Star, the list of institutions signing the pooled editorial as of 5:10 p.m. Tuesday includes the Philippine Press Institute ... Northern Dispatch, Panguil Bay Monitor, Mindanao ...

iPeople, Inc. Allots P2-B Investment For Davao School
ibtimes.ph - 2016-06-29
iPeople, Inc. (IPO) announced on Tuesday that it will invest P2 billion to build a new Mapua Institute of Technology in Davao City. The new school will be called Malayan Colleges Mindanao. Reynaldo B. Vea, iPeople President, confirmed that the new school ...

Anya Hospitality mulls Palawan expansion
m.bworldonline.com - 2016-06-29
Roxaco and, a wholly owned subsidiary of Roxas and Company, Inc., also counts the Club Punta Fuego and Terrazas de Punta Fuego among its leisure developments.

8990, Megawide team up for Cubao condo project
MSN - 2016-06-28
8990 Housing Development Corp., a subsidiary of listed mass housing developer 8990 Holdings Inc. has signed an agreement with Megawide Construction Corp. for a new condominium project in Quezon City. The company tapped Megawide as general contractor for ...

Del Monte turns around, posts $51.5-M income
MSN - 2016-06-28
"During the past year, we continued to lay the foundation for future growth and this is reflected in the sales and financial performance of Del Monte Pacific in fiscal year 2016," he said. "We drove improvements in our cost structure and better ...

Market declines; First Gen, PLDT fall
thestandard.com.ph - 2016-06-28
Losers beat gainers, 94 to 82, with 57 issues unchanged. Philippine Long Distance Telephone Co., the biggest telecommunications company, dropped 1.4 percent to P2,050, while major builder Ayala Land Inc. declined 1.5 percent to P38.80. GT Capital Holdings ...

'Challenger' Banks Could Be the Real Losers of Brexit
MSN - 2016-06-28
Vernon Hill, the founder of Commerce Bancorp, established Metro Bank in London in 2010 and today, the group has 41 branches and GBP7 billion ($9 billion) of assets. Virgin Money is another challenger. It is backed by British billionaire Richard Branson and ...

Termination of a joint venture: Dissolving the BDO and Generali Group partnership
BusinessMirror. - 2016-06-28
Pursuant to this joint agreement, a second JVA was signed the next day, on March 26, 1999, among BDO Unibank Inc. (BDO), JAB and Generali Group/Assicurazioni Generali S.p.A. (Generali), through Generali Asia N.V. (GANV), creating the Generali Pilipinas ...

Tata Communications to sell African subsidiary Neotel for $428 million
Economic Times - 2016-06-28
Liquid Telecom, majority owned by Econet Wireless Global, entered into an agreement to acquire Neotel, the company ... Bafokeng Holdings (RBH), a South African empowerment investment group, which has committed to take a 30 per cent equity stake in Neotel ...

SEC: 7 companies still keen on share sale this year
MSN - 2016-06-28
Global Ferronickel Holdings, Inc. (P31.05 billion); LBC Express Holdings, Inc. (P829 million) and Del Monte Pacific Limited ($360 million) likewise have pending requests to hold follow-on offerings. Asked if these companies remain interested in conducting ...

Security Bank lists new shares
Inquirer - 2016-06-28
Dy family-led Security Bank listed Tuesday new shares issued to Japanese banking giant The Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), which infused P36.9 billion in fresh capital to the local bank in exchange for a 20-percent stake. Security Bank listed on ...

30,000 Meralco prepaid meters ready for installation this year
BusinessMirror. - 2016-06-28
"The prepaid-focus will be in Manila, Mandaluyong, Pasig, Makati and few land developers, such as Robinsons Land, SMDC, 8990 and Vista Land," the Meralco official said. Meralco continues to persuade property developers to utilize prepaid-electricity ...

Pryce to pay dividends, sees P900-M net profit
Manila Bulletin - 2016-06-28
Pryce Corporation expects to declare cash dividend by the second half of next year, the first in more than a decade, as it is projecting net income to reach P900 million this year. According to Pryce chairman Salvador Escano, the company will just make ...

Pryce to pay dividends, sees P900-M net profit
Manila Bulletin - 2016-06-28
Pryce Corporation expects to declare cash dividend by the second half of next year, the first in more than a decade, as it is projecting net income to reach P900 million this year. According to Pryce chairman Salvador Escano, the company will just make ...

Miner hits back at NGO with cyber-libel case
BusinessMirror. - 2016-06-28
FOR allegedly spreading malicious information, the Hinatuan Mining Corp. (HMC), an affiliate of Nickel Asia Corp., has filed a criminal complaint against a non-governmental organization (NGO) for cyber libel. While the complaint was filed in September last ...

EDC raising P5 billion for 2016 capex needs
Manila Bulletin - 2016-06-28
A document filed to the Philippine Stock Exchange on Monday showed that the Lopez-led firm had executed a loan agreement with Union Bank of the Philippines for the total amount of P5 billion. Nestor Vasay, EDC chief financial officer, said in a text ...

Security Bank lists 150.7 million shares sold to Japanese lender
BusinessMirror. - 2016-06-28
To date, this equity investment is the largest foreign direct investment in a Philippine financial institution, the company said. "We thank the Bangko Sentral ng Pilipinas and the PSE for their vital support of the Security Bank-BTMU strategic partnership.

Beep cards now accepted as payment in BGC buses
Manila Bulletin - 2016-06-28
Wanting to make beep an all-in-one travel card for Filipinos, AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. providing contactless payment solutions in the country, has ventured with other public transportation ...

Beep cards now accepted as payment in BGC buses
Manila Bulletin - 2016-06-28
Wanting to make beep an all-in-one travel card for Filipinos, AF Payments Inc., a consortium of Metro Pacific Investments Corp. (MPIC) and Ayala Corp. providing contactless payment solutions in the country, has ventured with other public transportation ...

Termination of a joint venture: Dissolving the BDO and Generali Group partnership
BusinessMirror - 2016-06-28
Pursuant to this joint agreement, a second JVA was signed the next day, on March 26, 1999, among BDO Unibank Inc. (BDO), JAB and Generali Group/Assicurazioni Generali S.p.A. (Generali), through Generali Asia N.V. (GANV), creating the Generali Pilipinas ...

Menarco leads in building healthiest office tower
BusinessMirror. - 2016-06-28
Tolentino Jr., president/CEO, Aidea Philippines Inc.; Wilson Sy ... square meter has been allocated for a wellness spot for fitness classes, such as yoga and pilates. "Fitness promotes the integration of physical activity into everyday life by providing ...