Meralco, Aboitiz interested in Zamcelco
BusinessMirror - 2016-04-14
BELEAGUERED electric cooperative Zamboanga City Electric Cooperative (Zamcelco) has caught the interest of Aboitiz Power Corp. and Manila Electric Co. (Meralco) for a possible takeover of its management and operation. The mode of acquisition, the National ...

Foreign banks seen doing less business with locals
BusinessMirror. - 2016-04-14
The Bank of the Philippine Islands (BPI) said on Thursday at the annual stockholders meeting that, as consequence of the ongoing money-laundering investigations, a number of foreign banks conduct fewer business transactions with the banks. "We are not ...

ePLDT elevates cloud productivity partnership with Microsoft
Manila Bulletin - 2016-04-14
ePLDT, the digital enterprise enabler of the PLDT Group, was recently granted the much-coveted Gold Level status for providing Microsoft Office 365 to enterprises. Microsoft Gold Partners get exclusive support and resources direct from Microsoft ...

Meralco expanding network in Zamboanga
Manila Bulletin - 2016-04-14
The entry of deep-pocketed private investors in ZAMCELCO is also one of the most-awaited developments of power project developer Alsons Power Group for its planned 105-megawatt San Ramon coal-fired power facility in the area. Alsons Power chief executive ...

EastWest Bank in acquisition mode
Manila Bulletin - 2016-04-14
Gotianun-owned East West Banking Corp. (EastWest) is on the lookout for merger and acquisition opportunities to grow its business as the Filinvest Group is clear on its strategy to make banking operation a core business along with real estate and power.

Monsalve grabs lead
Manila Bulletin - 2016-04-14
PLDT and Metro Pacific Investments Corp. and hosted by Sherwood Hills Golf Club. Kim, impressive with a 71 and 72 in the first two rounds, stayed in control with an opening 36 but reeled back with a six-over finish marred by a triple bogey on the par-4 17th.

Ssangyong dares to be different
Manila Bulletin - 2016-04-14
This was the challenge hurled by Dave Macasadia, managing director of Ssangyong Berjaya Motor Philippines (SBMP), to Filipino car enthusiasts during the pre-launch press conference at the Manila Polo Club in Makati City last week. SBMP launched the next ...

Puregold 2015 net income up 11%
GMA Network - 2016-04-14
Retailer Puregold Price Club Inc. on Thursday said strong consumer demand lifted its net income by 10.6 percent last year. In a filing with the local bourse, the country's second largest retailer reported a consolidated net income of P5 billion in 2015 ...

Why is it difficult for Bongbong Marcos to apologize?
Rappler - 2016-04-14
He has said it before and continues to say it anyway. He will apologize only for the mistakes he committed. That's a clever way of telling us no, he won't, thank you. The moral injunction behind it is that an innocent child cannot be blamed for the sins of ...

Puregold profit rise 10% to P5B, sets P2.6B capex for 15% growth
Manila Bulletin - 2016-04-14
Puregold Price Club, Inc., the second largest grocery retailer in the Philippines, reported a 10.6 percent improvement in consolidated net income to P5 billion last year from the P4.52 billion earned in 2014. In a disclosure to the Philippine Stock ...

Philtrust Bank INSIDERS ON Board Members
Bloomberg - 2016-04-14
Jaime Laya CPA, Ph.D. 66 Relationships Chairman, President, Chairman of Executive Committee and Member of Trust & Investment Committee 74 Josue Bellosillo 16 Relationships Vice Chairman, Corporate Counsel, Director, Chairman of Nomination, Election ...

PSEi extends gains to fifth straight day
Balita - 2016-04-14
The benchmark Philippine Stock Exchange index (PSEi) advanced 34.44 points to 7,341 ... Corp., Universal Robina Corp., Metro Pacific Investments Corp., Ayala Land Inc. and SM Prime Holdings Inc. (PNA)

CENRO Bislig, AFP plant trees at SurSur Arboretum for Earth Month
news.pia.gov.ph - 2016-04-14
It is located within the Integrated Forest Management Agreement (IFMA) 35 of PICOP Resources Industries in Bislig. The said arboretum is co-managed by Barangay Council of San Roque and DENR through PENRO Surigao del Sur and CENRO Bislig, who formally ...

FEU set to take over Roosevelt College
m.bworldonline.com - 2016-04-14
FAR EASTERN UNIVERSITY, Inc. (FEU) is set to take over Roosevelt College at a reduced purchase price in line with the ongoing consolidation in the industry amid reforms in the Philippine education system. The Montinola-led firm entered into a share ...

CENRO Bislig, AFP plant trees at SurSur Arboretum for Earth Month
news.pia.gov.ph - 2016-04-13
It is located within the Integrated Forest Management Agreement (IFMA) 35 of PICOP Resources Industries in Bislig. The said arboretum is co-managed by Barangay Council of San Roque and DENR through PENRO Surigao del Sur and CENRO Bislig, who formally ...

Roxas, Robredo to rivals: Why raise doubts on surveys now?
MSN - 2016-04-13
Ngayon na kami'y nangunguna sa survey, ang dami nilang reklamo," he added. Roxas cited the organization called Silent Majority, his solid group of supporters who have come out on social media and on the streets to publicly campaign for the administration ...

Trans-Asia to invest in oil assets overseas
Manila Standard Today - 2016-04-13
Trans-Asia Petroleum Corp., the oil and gas unit of Trans-Asia Oil and Energy Development Corp., is interested in oil and gas explorations in Australia and Indonesia. "Recent developments affecting global prices of oil have emboldened your company to ...

Trans-Asia to invest in oil assets overseas
thestandard.com.ph - 2016-04-13
Trans-Asia Petroleum Corp., the oil and gas unit of Trans-Asia Oil and Energy Development Corp., is interested in oil and gas explorations in Australia and Indonesia. "Recent developments affecting global prices of oil have emboldened your company to ...

FEU finalizes Roosevelt sale
thestandard.com.ph - 2016-04-13
Far Eastern University Inc. of the Montinola family said Wednesday it finalized a deal to acquire up to 99.42 percent of Roosevelt College Inc. for P1 billion. FEU said in a disclosure to the stock exchange it signed a share purchase agreement with certain ...

FEU finalizes Roosevelt sale
Manila Standard Today - 2016-04-13
Far Eastern University Inc. of the Montinola family said Wednesday it finalized a deal to acquire up to 99.42 percent of Roosevelt College Inc. for P1 billion. FEU said in a disclosure to the stock exchange it signed a share purchase agreement with certain ...

Italpinas gets P350-million DBP loan for Cagayan de Oro project
BusinessMirror - 2016-04-13
ITALPINAs Development Corp., a property developer of environment-friendly buildings, said it was able to convince state-owned Development Bank of the Philippines (DBP) to fund part of the construction cost of its project in Cagayan de Oro City. The company ...

Key Executives for Panasonic System Networks Philippines Corporation
Bloomberg - 2016-04-13
WD-40 Company Declares Regular Quarterly Dividend, Payable on April 29, 2016; Announces Appointment of Daniel T. Carter as Board of Directors

JG Summit income jumps 24% in 2015
Philstar - 2016-04-13
MANILA, Philippines - Gokongwei-owned JG Summit Holdings Inc. reported a 24 percent growth in net profit last year to P22.61 billion, driven by the robust performance of core businesses. Consolidated revenues amounted to P229.27 billion, up 24.1 percent ...

Rumored rift between Grace and Chiz
Philippine Daily Inquirer - 2016-04-13
SM Prime Holdings is on a roll. After bagging the Best Developer Award last year, SM Prime took seven awards at a real estate event held April 7 at Fairmont Hotel in Makati City. The awards were for Best Commercial Development, Best Retail Development ...

PLDT plans new HQ
Philstar - 2016-04-13
MANILA, Philippines - Telco giant Philippine Long Distance Telephone Co. (PLDT) is looking to redevelop two properties in Makati City to be offered for sale as it plans to move to a new headquarters. PLDT chairman and chief executive officer Manuel V.

Trans Asia Petroleum : -Asia pursues investment in LNG
4 Traders - 2016-04-13
, (to be renamed Phinma Energy Corp.), is pursuing investments in the liquefied natural gas (LNG) sector The company is venturing into the LNG sector amid the need for new sources of fuel as the Malampaya deep water gas-to-power project is nearing ...

Cement maker bullish on market
Inquirer - 2016-04-13
The head of Holcim Philippines Inc. expects the local cement industry to sustain its bullish run this year with sales volume seen growing by as much as 8 to 10 percent. This was on the back of increased infrastructure spending by the government and the ...

Stephen Colbert's 'Late Show' gets new boss from 'CBS This Morning'
CNN Money - 2016-04-13
While the network remains in third place behind NBC's "Today" and ABC's "Good Morning America," CBS is much more competitive and well-respected nowadays. Ryan Kadro, one of Licht's deputies at "CBS This Morning," will be taking over as executive producer ...

Local firms start drilling Mabini geothermal area
Manila Bulletin - 2016-04-13
The consortium in the venture - Basic Energy Corporation and Trans-Asia Oil and Energy Development Corporation - separately disclosed to the Philippine Stock Exchange (PSE) that the energy department already issued approval on their "notice of intent ...

Megaworld, SMDC cited at PH Property Awards
Manila Bulletin - 2016-04-13
Megaworld Corporation took home its first-ever Best Developer award as well as three more awards and 13 Highly Commended honors at the fourth annual Philippines Property Awards gala dinner. The Dr. Andrew L. Tan-led company started the evening with 16 ...

Who will be the next Mister PH?
Manila Bulletin - 2016-04-13
Yung mabigyan namin siya ng panahon at mae-enjoy ko siya from the start." Aliwan Fiesta, the grand cultural extravaganza produced by Manila Broadcasting Company in tandem with the Cultural Center of the Philippines, once again presents the perfect ...

Who will be the next Mister PH?
Manila Bulletin - 2016-04-13
Yung mabigyan namin siya ng panahon at mae-enjoy ko siya from the start." Aliwan Fiesta, the grand cultural extravaganza produced by Manila Broadcasting Company in tandem with the Cultural Center of the Philippines, once again presents the perfect ...

Audit Committee of San Miguel Corporation
Bloomberg - 2016-04-13
Estelito Mendoza AA, LLB (UP), LLM (Harvard) 42 Relationships Director, Chairman of Nomination & Hearing Committee, Member of Executive Committee and Member of Audit Committee San Miguel Corp. Reports Earnings Results for the Year 2005 ; Restates Earnings ...

SM Energy (SM) Showing Signs Of Perilous Reversal Today
The Street - 2016-04-13
See the FREE profile for SM NOW at Trade-Ideas More details on SM: SM Energy Company, an independent energy company, engages in the acquisition, exploration, development ... a signal of major weakness within the corporation. Compared to other companies ...

Kandi Technologies Announces Change Of Independent Accounting Firm To BDO China
The Street - 2016-04-13
JINHUA, China, April 13, 2016 (GLOBE NEWSWIRE) -- Kandi Technologies Group, Inc. (the "Company" or "Kandi") (NASDAQ:KNDI), is pleased to announce the appointment of BDO China Shu Lun ... ("EV") products (through its joint venture), EV parts and off-road ...

Company Overview of Trans-Asia Power Generation Corporation
Bloomberg - 2016-04-13
The company was founded in 1997 and is based in Bulacan, Philippines. Trans-Asia Power Generation Corporation operates as a subsidiary of Trans-Asia Oil and Energy Development Corporation.

Italpinas gets P350-million DBP loan for Cagayan de Oro project
BusinessMirror. - 2016-04-13
ITALPINAs Development Corp., a property developer of environment-friendly buildings, said it was able to convince state-owned Development Bank of the Philippines (DBP) to fund part of the construction cost of its project in Cagayan de Oro City. The company ...

Italpinas gets P350-million DBP loan for Cagayan de Oro project
BusinessMirror. - 2016-04-13
ITALPINAs Development Corp., a property developer of environment-friendly buildings, said it was able to convince state-owned Development Bank of the Philippines (DBP) to fund part of the construction cost of its project in Cagayan de Oro City. The company ...

Tapet eyeing investment in Australia, Indonesia
BusinessMirror. - 2016-04-13
TRANS-ASIA Petroleum (Tapet), a unit of Trans-Asia Oil and Energy Development Corp. (TA Oil) of the Phinma Group, is currently looking at exploring investment opportunities in Australia and Indonesia. This, after the company decided not to pursue a ...

Tapet eyeing investment in Australia, Indonesia
BusinessMirror. - 2016-04-13
TRANS-ASIA Petroleum (Tapet), a unit of Trans-Asia Oil and Energy Development Corp. (TA Oil) of the Phinma Group, is currently looking at exploring investment opportunities in Australia and Indonesia. This, after the company decided not to pursue a ...

ePLDT gains gold status for Microsoft Office 365
The Daily Tribune - 2016-04-13
ePLDT, the digital enterprise enabler of the PLDT Group, was recently granted the much-coveted Gold Level status for providing Microsoft Office 365 to enterprises. Microsoft Gold Partners get exclusive support and resources direct from Microsoft ...

Discovery World builds new resort in El Nido
Inquirer - 2016-04-13
The company also operates Club Paradise in Dimakya Island, Coron, Palawan. It also acquired Palawan Cove Corp. and Discovery Fleet Corp. in 2014.

Ombudsman indicts Baguio congressman for illegal cutting of trees
Manila Bulletin - 2016-04-13
The Office of the Ombudsman (OMB) has ordered the filing of criminal charges against Baguio City Congressman Nicasio Aliping, Jr. for the alleged illegal cutting of trees in Sitio Pongayon, Sto. Tomas, Tuba in Benguet. Aliping, along with William Go ...

Discovery starts building El Nido tourism estate
Manila Bulletin - 2016-04-13
Upscale resort developer Discovery World Corporation reported that it has started construction for its latest tourism estate project in El Nido. In a disclosure to the Philippine Stock Exchange, the firm said it held groundbreaking ceremonies to mark ...

Discovery starts building El Nido tourism estate
Manila Bulletin - 2016-04-13
Upscale resort developer Discovery World Corporation reported that it has started construction for its latest tourism estate project in El Nido. In a disclosure to the Philippine Stock Exchange, the firm said it held groundbreaking ceremonies to mark ...

Pepsi Cola PHL income reached P812 million in 2015
BusinessMirror - 2016-04-13
BOTTLER Pepsi Cola Products Philippines Inc. said its income was flat last year as a result of higher sugar prices and to start up its snack line. The company said in its report to the Philippine Stock Exchange, it had a profit of P812.08 million ...

PLDT targets to link 1,500 MSMEs to supply chain
Rappler - 2016-04-13
MANILA, Philippines -- About 1,500 local micro, small, and medium enterprises (MSMEs) will talk with Silicon Valley veterans on gearing up to be part of the global supply chain. This is the third year that the Philippine Long Distance Telephone Company ...

Berjaya to sell its BAuto stake for RM526m
MSN - 2016-04-13
KUALA LUMPUR (April 12): Berjaya Corp Bhd (BCorp), controlled by tycoon Tan Sri Vincent Tan, is looking to dispose of 21.88% equity interest in Berjaya Auto Bhd (BAuto) to a special purpose vehicle (SPV) controlled by key members of the Mazda distributor ...

Manila water plan draws US rep's criticism for IFC role
Seattle Post Intelligencer - 2016-04-13
Twenty-five-year concessions were awarded to two companies: Maynilad Water Services Inc. and Manila Water Co. The IFC opted to provide $60 million in loans to Manila Water Co., which took over wealthier districts where customers were more likely to pay.

FEU seals Roosevelt takeover for P1B
Inquirer - 2016-04-13
FAR Eastern University (FEU) has sealed the acquisition of a controlling stake in Roosevelt College Inc. at an adjusted price tag ... In a disclosure to the Philippine Stock Exchange on Wednesday, FEU said it had entered into a share purchase agreement ...