SMC: No P500 M check for Trillanes
MSN - 2016-04-26
The San Miguel Corporation (SMC) on Thursday (April 28) debunked the allegations that it issued a P500-million check to vice presidential candidate Senator Antonio Trillanes IV. In a statement sent to the media, SMC denied the photo circulating online ...

8990 spending P3b in Las Piñas
thestandard.com.ph - 2016-04-26
The company said depending on market demand, it planned to develop four 13-story condominium towers within the property which it acquired from SBS Philippines Corp. Atencio said the plan was to launch the Las Piñas project by 2017 or 2018, as the company ...

8990 spending P3b in Las Piñas
Manila Standard Today - 2016-04-26
The company said depending on market demand, it planned to develop four 13-story condominium towers within the property which it acquired from SBS Philippines Corp. Atencio said the plan was to launch the Las Piñas project by 2017 or 2018, as the company ...

Market declines; URC leads advances
thestandard.com.ph - 2016-04-26
Six of the 20 most active stocks ended in the green, led by Island Information & Technology Inc., which jumped 26.9 percent to P0.425. Universal Robina Corp., a food manufacturer, climbed 2.2 percent to P209.60, while Metro Pacific Investments Corp. rose 1 ...

Union Bank net profit up 8.8% in first 3 months
Inquirer - 2016-04-26
Aboitiz-led Union Bank of the Philippines grew its net profit in the first quarter by 8.8 percent year-on-year to P1.61 billion, driven by growth in core lending and fee-based businesses. Based on its regulatory filing, Union Bank expanded its net interest ...

Xurpas raises P1.2B from new equity deal
Inquirer - 2016-04-26
Consumer technology firm Xurpas Inc. raised P1.2 billion in fresh capital from a "top-up" equity deal, replenishing its war chest for future expansion while widening its public ownership. Xurpas is "looking at expanding to other markets," company ...

SM, DOTC eye resolution of common station row
Inquirer - 2016-04-26
The DOTC outlined this move in the contract for the LRT-1 Cavite extension public-private partnership project, won by Ayala Corp. and Metro Pacific Investments Corp. that same year. The move prompted the SM Group to sue the government in the Supreme Court ...

Cebu Holdings on the lookout for new ventures
Inquirer - 2016-04-26
For the next five years, Bisnar said the company had earmarked more than P13 billion for identified projects in Metro Cebu and committed to follow an investment plan aligned with the growth targets of parent firm Ayala Land Inc. The amount includes P5.8 ...

Stocks down on US rate hike fears
Inquirer - 2016-04-26
Investors dumped shares of PLDT, which fell by 3.72 percent, while BDO and Megaworld both lost more than 1 percent. Jollibee, Ayala Corp., SM Prime, SMIC, Globe and JG Summit also declined. Outside of PSEi stocks, notable decliners were PSE (-1.39 percent ...

Security Bank sees banner year with entry of Japan bank
Inquirer - 2016-04-26
Armed with P36.9 billion in fresh capital through its fresh alliance with Japanese banking giant The Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU), Security Bank Corp. hopes to have another banner year this 2016 with the acceleration of its business growth and ...

SM open to new rail hub offer
Manila Standard Today - 2016-04-26
SM Prime already paid the government P200 million for the naming rights for the proposed station. Metro Pacific Investments Corp. president and chief executive Jose Ma. Lim said his company had proposed to build an interim station between SM City and ...

Xurpas owners sell part of shares in P2.47-billion top-up transaction
BusinessMirror. - 2016-04-26
Xurpas Inc., a company that creates casual games for Android-powered smartphones, said on Tuesday its majority owners sold part of their shareholdings to raise P2.47 billion. The company said in a disclosure to the Philippine Stock Exchange (PSE) that ...

8990 Holdings earmarks P3B to develop Las PiÑas property
BusinessMirror - 2016-04-26
Osaka, Japan--Mass-housing developer 8990 Holdings Inc. said it is investing about P3 billion for the development of a 3.4-hectare property in Las Piñas City to be acquired from chemical firm SBS Philippines Corp. In an interview with reporters ...

Xurpas owners sell part of shares in P2.47-billion top-up transaction
BusinessMirror. - 2016-04-26
Xurpas Inc., a company that creates casual games for Android-powered smartphones, said on Tuesday its majority owners sold part of their shareholdings to raise P2.47 billion. The company said in a disclosure to the Philippine Stock Exchange (PSE) that ...

8990 Holdings earmarks P3B to develop Las PiÑas property
BusinessMirror. - 2016-04-26
Osaka, Japan--Mass-housing developer 8990 Holdings Inc. said it is investing about P3 billion for the development of a 3.4-hectare property in Las Piñas City to be acquired from chemical firm SBS Philippines Corp. In an interview with reporters ...

Meralco unit seeks partners to boost generation capacity
BusinessMirror. - 2016-04-26
Aboitiz Power Corp. and Taiwan Cogeneration Corp. RP Energy has already signed a power-supply agreement (PSA) with Meralco for a substantial portion of its first 300-MW capacity. The balance of its capacity and energy, which was not contracted by Meralco ...

Xurpas owners sell part of shares in P2.47-billion top-up transaction
BusinessMirror. - 2016-04-26
Xurpas Inc., a company that creates casual games for Android-powered smartphones, said on Tuesday its majority owners sold part of their shareholdings to raise P2.47 billion. The company said in a disclosure to the Philippine Stock Exchange (PSE) that ...

Xurpas raises P1.2B in new capital
Rappler - 2016-04-26
MANILA, Philippines ­- Consumer tech firm Xurpas (PSE: X) raised P1.2 billion in fresh capital following an accelerated overnight share placement, said the company on Tuesday, April 26. Xurpas' founders and 3 largest shareholders each sold 51.8 million ...

BDO maintains dominance
Philstar - 2016-04-26
In terms of capital, BDO also dominated the industry with P198.64 billion followed by Metrobank with P186.85 billion, BPI with P145.77 billion, PNB with P94.34 billion, and Landbank with P79.99 billion. Security Bank recently received a P37 billion capital ...

Opposition raised vs casinos outside Entertainment City
Philstar - 2016-04-26
MANILA, Philippines - Having multiple casinos outside Manila could ... and Las Vegas through four licensees composed of Bloomberry (Solaire Resort & Casino), Melco Crown Entertainment Ltd. (City of Dreams Manila), Travellers International Hotel Group ...

Key Executives for Millennium & Copthorne Hotels plc
Bloomberg - 2016-04-26
Only a company representative may request an update for the company profile. Documentation will be required. To contact Millennium & Copthorne Hotels plc, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Cebu Pacific passenger volume surges 13% in Q1
Rappler - 2016-04-26
Its operator Cebu Air, Incorporated reported in a statement on Tuesday, April 26, that its flights between January to March were 87% full. "Periodic seat sales, lowest year-round fares, and robust travel demand contributed to the surge in passengers," the ...

Gridco to buy 4.5% power from green sources in FY 17
wap.business-standard.com - 2016-04-26
On these lands, 16.4 Mw solar projects can be developed. Green Energy Development Corporation of Odisha Ltd (Gedcol), the nodal body of the state government to generate renewable energy has been entrusted to finalized the detailed project report (DPR), he ...

Xurpas raises P1.2B fresh capital
Inquirer - 2016-04-26
THE FOUNDING shareholders of Xurpas Inc. sold around P2.5 billion worth of shares to new investors but ploughed back nearly half of the amount to the consumer technology firm, replenishing its war chest for future expansion while widening public ownership.

8990 to spend P3B for Las Pinas property
Manila Bulletin - 2016-04-26
Osaka, Japan-Mass housing leader 8990 Holdings Inc. is investing about P3 billion for the development of a 3.4 hectare property it will acquire from SBS Philippines Corporation. In an interview, 8990 president Jesus Januario Atencio said this is just a ...

8990 to spend P3B for Las Pinas property
Manila Bulletin - 2016-04-26
Osaka, Japan-Mass housing leader 8990 Holdings Inc. is investing about P3 billion for the development of a 3.4 hectare property it will acquire from SBS Philippines Corporation. In an interview, 8990 president Jesus Januario Atencio said this is just a ...

SPIC MACAY
Economic Times - 2016-04-26
Sebi has exempted AMI Holdings from making an open offer regarding its acquisition of shares in Southern Petrochemical Industries Corp. An extraordinary general meeting (EGM) of Spic held in Chennai on Monday cleared resolutions for issuing convertible ...

BDO still the biggest bank; Metrobank 2nd
thestandard.com.ph - 2016-04-25
Development Bank of the Philippines, P508.463 billion; China Banking Corp., P454.852 billion; Rizal Commercial Banking Corp., P432 billion; and Union Bank of the Philippines, P375.940 billion. BDO also led in terms of capital with P198.636 billion ...

BDO still the biggest bank; Metrobank 2nd
Manila Standard Today - 2016-04-25
and Union Bank of the Philippines, P375.940 billion. BDO also led in terms of capital with P198.636 billion, followed by Metrobank with P186.856 billion; BPI, P145.768 billion; PNB, P94.336 billion; LandBank, P79.988 billion; RCBC, P58.096 billion ...

Stocks down slightly; Ayala Land, Xurpas drop
thestandard.com.ph - 2016-04-25
The stock market fell slightly Monday after losses on Wall Street and in Europe, with oil prices down and the yen recovering some of the losses suffered at the end of last week. The Philippine Stock Exchange Index dropped 5.26 points, or 0.1 percent, to ...

A Brown unit starts P500-m water project
thestandard.com.ph - 2016-04-25
AB Bulk Water Co. Inc., a new subsidiary of A Brown Company Inc., held the groundbreaking for the P500-million bulk water supply project in Opol, Misamis Oriental. AB Bulk Water will undertake the bulk water supply project in partnership with the municipal ...

Filinvest to take over Mimosa Clark
Philstar - 2016-04-25
MANILA, Philippines - Filinvest Development Corp. (FDC) of the Gotianun family has inked a lease agreement with Clark Development Corp. (CDC) for the development of the Mimosa Leisure Estate in Pampanga. The lease agreement has a term of 50 years and is ...

ALI raises P7B more in fresh funds from bond market
Inquirer - 2016-04-25
Local property giant Ayala Land Inc. (ALI) has completed its P15-billion capital market fundraising for the year. ALI Monday listed on the Philippine Dealing & Exchange Corp. P7 billion worth of fixed rate bonds at a tenor of slightly less than 10 years ...

AAP accuses BJP councillor Shailender Singh Monty of encroaching upon DDA land
Economic Times - 2016-04-25
Monty rejected the allegations saying he has sold off the property some three years ago. The SMDC councillor, from ward no 163, has been nominated by the party to be its candidate for the SDMC's Standing Chairman post. "I don't own any hotel. I sold the ...

20 years of bringing Kapuso programs to the world
Philstar - 2016-04-25
"It was our goal to penetrate the Latin American market this year," says Roxanne Barcelona, vice president of GMA Worldwide, Inc. (GWI), a wholly owned subsidiary of the Kapuso Network. "With these new deals, we are optimistic that we will be able to ...

Cityland tops off North Residences
Manila Bulletin - 2016-04-25
Cityland, a developer known for its commitment for prompt delivery of its projects on time or even ahead of schedule, recently held a topping off ceremony for its ongoing project in Quezon City called North Residences. The 29-storey commercial and ...

Persona non grata?
Manila Bulletin - 2016-04-25
Dominguez is a Mindanao-based businessman whose current business ventures include the Linden Suites at Ortigas Center, Pasig City and Marco Polo Davao Hotel, aside from serving as president of a Philippine Stock Exchange listed firm, PTFC Redevelopment ...

Persona non grata?
Manila Bulletin - 2016-04-25
He mentioned something about declaring an "Ugly American" as persona non grata. The following day ... aside from serving as president of a Philippine Stock Exchange listed firm, PTFC Redevelopment Corporation. He is also a staunch supporter and ...

Cityland tops off North Residences
Manila Bulletin - 2016-04-25
Cityland, a developer known for its commitment for prompt delivery of its projects on time or even ahead of schedule, recently held a topping off ceremony for its ongoing project in Quezon City called North Residences. The 29-storey commercial and ...

Razon to build 2nd casino in Quezon City
Philstar - 2016-04-25
The casino will rise on a 15,676-square-meter land that Bloomberry Resorts Corp., through its hotel and resort development arm Sureste Properties Inc. (SPI), acquired from the National Housing Authority (NHA) last year. "We will probably start next year ...

Filinvest unit expanding hotel property portfolio
Inquirer - 2016-04-25
THE GOTIANUN family-led Filinvest group expects to hit its goal of having 5,000 hotel rooms owned or managed by 2020 as the group raises its investments in tourism-oriented property development. Francis Gotianun, assistant vice president at Filinvest ...

Sun Life Financial Inc. (TSE:SLF) Receives C$44.90 Average Target Price from Brokerages
Zolmax News - 2016-04-25
Sun Life Financial Inc. (TSE:SLF) has received an average rating of "Buy" from the ten brokerages that are currently covering the stock, ARN reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the ...

Filinvest signs 50-year lease for Mimosa Leisure Estate in Clark
Manila Bulletin - 2016-04-25
FMI is a new company formed by the consortium of Filinvest Development Corporation (FDC) and Filinvest Land, Inc. (FLI). Over the 50-year period, Filinvest Mimosa will develop, manage, and operate the estate. The former Mimosa Leisure Estate is located in ...

Filinvest signs 50-year lease for Mimosa Leisure Estate in Clark
Manila Bulletin - 2016-04-25
Filinvest Mimosa, Inc., as the winning bidder in the privatization of the former Mimosa Leisure Estate, has signed the lease agreement with Clark Development Corporation for a term of 50 years, renewable for another 25 years. FMI is a new company formed by ...

Razon plans to build hotel, casino in Quezon City
Rappler - 2016-04-25
Bloomberry Resorts Corporation, of which Razon is chairman and chief executive officer, confirmed to the Philippine Stock Exchange that it will build its second hotel and casino in the Philippines starting 2017. Bloomberry also operates Solaire Resort ...

PSEi trades with caution
Inquirer - 2016-04-25
SM Prime, MPIC and AC also declined. Outside of the PSEi, notable decliners included consumer technology provider Xurpas (-5.66 percent) and retailer RRHI (-2.88 percent). On the other hand, URC and Meralco both gained over 1 percent while SMIC and PLDT ...

Robinsons Retail buys local operator of Shiseido, Benefit cosmetic unit in the Philippines
VENTURE CAPITAL POST - 2016-04-25
Philippines' Robinsons Retail Holdings Inc. has ventured into the cosmetics business with the acquisition of the company that operates the units that sell Shiseido and Benefit products in the country. InterAksyon, citing a disclosure to the Philippine ...

DOH says 11-year-old boy dies not from anti-dengue vaccine
Manila Bulletin - 2016-04-25
Department of Health (DOH) Sec. Janette Loreto-Garin clarified that an 11-year-old male dengue vaccine recipient died not because of his recent immunization. In a press briefing, the DOH said that the unidentified boy, who received a dengue vaccine last ...

DOH says 11-year-old boy dies not from anti-dengue vaccine
Manila Bulletin - 2016-04-25
Department of Health (DOH) Sec. Janette Loreto-Garin clarified that an 11-year-old male dengue vaccine recipient died not because of his recent immunization. In a press briefing, the DOH said that the unidentified boy, who received a dengue vaccine last ...

UP prof: Candidates stood out in their own rights
Philstar - 2016-04-25
"Duterte positioned himself as the real and he was very good at it," Go said. "Miriam has a solid group of supporters who consistently cheered her despite her limitations." Go mentioned some particularly good points which were raised during the debate.