Pepsi PH nets P812M
Inquirer - 2016-04-12
BEVERAGE firm Pepsi Cola Products Philippines Inc. (PCPPI) posted flat earnings last year relative to the previous year due to high sugar prices and spending for its start-up snackfood business. In a regulatory filing, PCPPI reported its net profit last ...

TG panel summons Jason Go, 37 others to $81-M cyber heist probe
interaksyon.com - 2016-04-12
Atty. Reynaldo A. Maclang, president of Philippine National Bank (PNB); 19. Atty. Alvin Go, head and chief Legal Counsel, BDO Unibank Inc.; 20. Rebecca Torres, chief, Compliance Office, BDO Unibank Inc.; 21. Antonio C. Moncupa Jr., branch manager ...

CIC aims for 15% profit growth
Inquirer - 2016-04-12
Last week, CIC entered into an alliance with electronics manufactuing house Ionics Inc. to develop a new generation of smart appliances and products using the Internet of things (IoT) technology. Under IoT, while netizens are globally connected over the ...

At 5th hearing, Senate to retrace $17 million of laundered money
m.bworldonline.com - 2016-04-12
PhilRem officials have also been called, as well as local casino operators: Solaire Resorts and Casino Manila; Leisure and Resorts World Corporation; and Melco Crown (Philippines) Resorts Corporation. Meanwhile, the World Bank said on Monday, the ...

SsangYong is back
MSN - 2016-04-11
SsangYong Motor is back in the Philippines under a new distributor: SsangYong Berjaya Motor Philippines (SBMP). After the formal distribution signing ceremony last Wednesday, SBMP went straight to work, introducing the brand and its initial product ...

Unigold Expands Candelones Extension Deposit Intersecting 7.0 Metres Averaging 8.9 g/t Au; 37.1 g/t Ag; 0.2% Cu; 2.4% Zn at Target C
MSN - 2016-04-11
The Company has received results from five holes testing Target C (REF Figure 1.0), near the currently defined western limit of the Candelones Extension deposit. Historical holes LP52 (15.9 metres @ 11.36 g/t Au; 38.3 g/t Ag; 0.4% Cu; 5.1% Zn) and LP57 (10 ...

FDC nets P7B profit in 2015
Inquirer - 2016-04-11
The balance came from sugar (5 percent) and hotel (2 percent) operations. Property arm Filinvest Land Inc. earlier reported an 11 percent rise in 2015 net profit to P5.1 billion. Another property unit, Filinvest Alabang Inc., generated P1.9 billion in ...

Manila Water sees arbitration case resolution in 2017
Manila Bulletin - 2016-04-11
The Manila Water Company, Inc. (Manila Water) is hoping to resolve by early 2017 the P79-billion arbitration case it has filed against the government while continuously executing growth strategies in order to double its income to as much as P12 billion by ...

Manila Water sees arbitration case resolution in 2017
Manila Bulletin - 2016-04-11
The Manila Water Company, Inc. (Manila Water) is hoping to resolve by early 2017 the P79-billion arbitration case it has filed against the government while continuously executing growth strategies in order to double its income to as much as P12 billion by ...

Government should respect contracts with private sector
BusinessMirror. - 2016-04-11
Apparently, not all of the time. The Metro Pacific Investments Corp. (MPIC) Group is up in arms against what it said is the continuing failure of the government, particularly the Toll Regulatory Board (TRB), to grant toll-fee adjustments that the company ...

Company Overview of Alsons Land Corporation
Bloomberg - 2016-04-11
Alsons Land Corporation operates as a real estate development company. The company was founded in 1994 and is based in Makati City, the Philippines. Alsons Land Corporation operates as a subsidiary of Alsons Consolidated Resources, Inc.

Filinvest group nets P7 billion in 2015
interaksyon.com - 2016-04-11
MANILA, Philippines -- Gotianun-led conglomerate Filinvest Development Corp. (FDC) on Monday said its profit surged 13 percent to P7 billion in 2015 driven mainly by power and real estate businesses. The group generated P49.3 billion of revenues ...

Filinvest group nets P7 billion in 2015
interaksyon.com - 2016-04-11
MANILA, Philippines -- Gotianun-led conglomerate Filinvest Development Corp. (FDC) on Monday said its profit surged 13 percent to P7 billion in 2015 driven mainly by power and real estate businesses. The group generated P49.3 billion of revenues, or 28 ...

PH gov't loses P250M yearly with embargo of 700MHz - Globe
Rappler - 2016-04-11
MANILA, Philippines - The Philippine government is losing at least P250 million a year with regulators' inaction on the reallocation of the 700 megahertz (MHz) spectrum band, which is mostly held by San Miguel Corporation (SMC). This was the statement of ...

Key Executives for Megawide Construction Corporation
Bloomberg - 2016-04-11
Michael C. Cosiquien 6 Relationships Chairman, Chief Executive Officer, Chairman of Executive Committee, Member of Audit & Compliance Committee and Member of Risk Committee 41 Edgar B. Saavedra 6 Relationships President, Chief Operating Officer, Director ...

Longer brownouts in Davao Light service areas due to depleting power source
news.pia.gov.ph - 2016-04-11
He said that based on the latest reading of the National Grid Corporation of the Philippines ... "The situation prevails even if the Aboitiz Power gives 300 megawatts to the Mindanao Grid. The reduction of energy from the hydropower source is so big ...

COCKTALES | UnionBank trumps Metrobank, BPI, BDO in chief executive pay
interaksyon.com - 2016-04-11
That is over P100 million more than what the usual pace-setter Bank of the Philippine Islands last year gave the CEO team of Cezar Consing. One possible explanation for the P100-million difference: The long-time UnionBank president, Valdepenas, who retired ...

MPIC to rival Ayala for North-South Railway deal
Rappler - 2016-04-11
MANILA, Philippines - Metro Pacific Investments Corporation (MPIC) and Ayala Corporation, partners for several public-private partnership (PPP) deals, will be head-to-head for the most expensive public-private partnership (PPP) project thus far ...

Filipina-Ukrainian, IT technician win Century Tuna Superbods Nation 2016
interaksyon.com - 2016-04-11
All of the winners were selected by a panel of judges composed of Century Pacific Foods, Inc. general manager Greg Banzon; Miss Universe 1969, actress and Century Tuna endorser Gloria Diaz; fashion editor and stylist Liz Uy; basketball star Jeron Teng ...

Oil firms to cut pump prices Tuesday
interaksyon.com - 2016-04-11
In separate advisories, Petron Corp., Pilipinas Shell Petroleum Corp., Seaoil Philippines Inc., Phoenix Petroleum Philippines, PTT Philippines and Flying V said they will cut gasoline prices by 70 centavos per liter and diesel prices by 50 centavos per ...

Meet the top 27 Philippine startup influencers of this generation
E27 - 2016-04-11
Nix Nolledo is the Chairman and CEO of the largest listed consumer technology company in a Southeast Asian Stock Exchange, Xurpas Inc. Notably, Xurpas also claims to be the first mobile technology IPO in emerging Southeast Asian markets. Nix is an active ...

Meet the top 27 Philippine startup influencers of this generation
E27 - 2016-04-11
Nix Nolledo is the Chairman and CEO of the largest listed consumer technology company in a Southeast Asian Stock Exchange, Xurpas Inc. Notably, Xurpas also claims to be the first mobile technology IPO in emerging Southeast Asian markets. Nix is an active ...

Negative Pledge Pros and Cons
National Law Review - 2016-04-11
See Kelly v. Central Hanover Bank & Trust Co. at 507 (1935). In Metropolitan Life Ins. Co. v. RJR Nabisco, Inc., 906 F.2d 884 (2d Cir. 1990), the district court temporarily enjoined RJR from selling assets that were subject to a negative pledge covenant.

DOLE Jobs Fair generates local employment for Sibugaynons
news.pia.gov.ph - 2016-04-10
Among the companies who needed applicants for immediate hiring were Permex Producer and Exporter Corporation and Century Pacific Foods. Manpower requirements included factory workers, supervisors, accounting staff, registered nurse, project coordinators ...

DoubleDragon eyes P15 B borrowings
MSN - 2016-04-10
DoubleDragon Properties Corp. plans to raise an additional P15 billion through the debt market to fund its ongoing expansion program. In an interview with The Star, DoubleDragon chairman and chief executive officer Edgar "Injap" Sia said the company ...

DoubleDragon eyes P15 B borrowings
MSN - 2016-04-10
DoubleDragon Properties Corp. plans to raise an additional P15 billion through the debt market to fund its ongoing expansion program. In an interview with The Star, DoubleDragon chairman and chief executive officer Edgar "Injap" Sia said the company ...

Filinvest group nets P7 billion in 2015
MSN - 2016-04-10
The balance came from sugar operations at 5 percent and hotel operations at 2 percent. Real estate subsidiaries Filinvest Land Inc. (FLI) and Filinvest Alabang Inc. (FAI) continued to deliver solid growth to the group. FLI, one of the countryĆ¢ s ...

SM starts China condo project
thestandard.com.ph - 2016-04-10
Property developer SM Prime Holdings Inc. said it expects to start pre-selling condominium units in China by the first quarter of 2017, after it broke ground for a seven-tower residential project this year. SM Prime residential business head Jose Mari ...

Market index may test 7,300-point level
Manila Standard Today - 2016-04-10
Consumer stocks Concepcion Industrial and Puregold Price Club Inc. were the among top gainers last week. Concepcion Industrial gained 8.8 percent to P47, while Puregold jumped 7.3 percent to P39.10. Bloomberry Resorts Corp. dropped 9.6 percent to P4.59 ...

Company Overview of The Corporate Finance Group AG
Bloomberg - 2016-04-10
The Corporate Finance Group (TCFG) offers mergers and acquisitions advisory services to small and medium sized companies. The company provides corporate finance, private equity, and pre-IPO consulting services. It caters to chemicals and pharmaceuticals ...

DOTC indefinitely postpones NSRP bidding process
Philstar - 2016-04-10
Karim Garcia, vice president for business development of Metro Pacific Investments Corp. (MPIC), told reporters the company had also requested for an extension of the date for the submission of qualification documents for the project. "We have asked for ...

Chinese tourists troop to PH
Inquirer - 2016-04-10
This is in turn seen to benefit publicly listed gaming firms like Bloomberry Resorts Corp. and Melco Crown (Philippines) Resorts Corp.. Chinese tourists in the Philippines account for 9 percent of tourist arrivals, the fourth biggest foreign visitor ...

Cable TV champions recognized
Inquirer - 2016-04-10
Lopez served as president and chief executive officer of ABS-CBN Corp., the entertainment and media conglomerate of Lopez Holdings Corp., from 1956 to 1993 and chair emeritus, 1993-1997. In a 1997 book commissioned by De La Salle University, Lopez was ...

Megawide to start building P3-billion transport terminal SW of Metro Manila
BusinessMirror. - 2016-04-10
an advisory sent by the consortium led by Megawide Construction Corp. (MCC) showed. The document stated Megawide will begin the construction of the Integrated Transport System (ITS) Southwest Terminal on April 22. It will take about two years before Walter ...

Aboitiz, MetroPacific eye 5 airport projects
thestandard.com.ph - 2016-04-10
"I think most of the bidders are geared up by now and ready for that opportunity," AEV first vice president ... by Aboitiz Equity Ventures, Philippine Airports Consortium of Metro Pacific Investments Corp., San Miguel Holdings Corp.-IIAC Airport ...

Megawide to start building P3-billion transport terminal SW of Metro Manila
BusinessMirror. - 2016-04-10
an advisory sent by the consortium led by Megawide Construction Corp. (MCC) showed. The document stated Megawide will begin the construction of the Integrated Transport System (ITS) Southwest Terminal on April 22. It will take about two years before Walter ...

Global Warming: A high-priority issue for PR
BusinessMirror. - 2016-04-10
Another company that has taken major environmental conservation initiatives that also proved commercially viable is SM Prime Holdings. In December 2012 the company installed solar-power panels in the rooftop of SM City North Edsa, making the mall the first ...

Technology, retail companies are favored sectors
Manila Bulletin - 2016-04-10
For online brokerage firm COL Financial Group, Inc., the stocks to buy in technology industry are Solid Group, Inc., Now Corp., ISM Communications Corp., Cyber Bay Corp., among others. In retail, it is betting on RFM Corp. and Robinsons Retail Holdings ...

Technology, retail companies are favored sectors
Manila Bulletin - 2016-04-10
For online brokerage firm COL Financial Group, Inc., the stocks to buy in technology industry are Solid Group, Inc., Now Corp., ISM Communications Corp., Cyber Bay Corp., among others. In retail, it is betting on RFM Corp. and Robinsons Retail Holdings ...

Megawide supports training, development of Filipino construction professionals
Manila Bulletin - 2016-04-10
With the Philippine construction industry expected to sustain its momentum, Megawide Construction Corporation is supporting calls to train and develop highly competent construction professionals, in order to meet the demand for big-ticket projects here and ...

Company Overview of Hillwinds Energy Development Corporation
Bloomberg - 2016-04-10
Hillwinds Energy Development Corporation provides carbon capture, carbon sequestration, and algae-for-biofuels technology company. The company was incorporated in 2008 and is based in Fairfield, Connecticut.

Manila Water customers can now pay bills at Security Bank
Philstar - 2016-04-10
MANILA, Philippines - Manila Water recently signed a memorandum of agreement (MOA) with Security Bank to make it easier for its customers to pay their water bills. The agreement allows Manila Water customers to settle their bills at any Security Bank ...

Biomass now energizing 300,000 homes
interaksyon.com - 2016-04-10
Two of the largest biomass power plants are fired by bagasse and were put up in the "sugar bowl" of Negros Occidental by packaged food and beverage producer Universal Robina Corp. (URC) and diversified sugar manufacturer Victorias Milling Co. Inc. (VMC).

A wedding nine years in the making
Philstar - 2016-04-10
MANILA, Philippines - Christian Concepcion, son of RFM Corporation president & CEO and Go Negosyo founder Joey Concepcion and his lovely wife Marissa, married long-time girlfriend Olivia Jacinto last March 2, 2016 at the Santuario de San Antonio Church in ...

DTI scraps initial electronics industry roadmap
MSN - 2016-04-09
The Philippines is abandoning its initial electronics industry blueprint after failing to attract the short term foreign investment target of $2.5 billion. Semiconductor and Electronics Industries in the Philippines (SEIPI) president Dan Lachica said the ...

A wedding nine years in the making
m.philstar.com - 2016-04-09
MANILA, Philippines - Christian Concepcion, son of RFM Corporation president & CEO and Go Negosyo founder Joey Concepcion and his lovely wife Marissa, married long-time girlfriend Olivia Jacinto last March 2, 2016 at the Santuario de San Antonio Church in ...

GMA Network grants P1.9-B cash dividend
Philstar - 2016-04-09
MANILA, Philippines - Broadcasting firm GMA Network Inc. has declared a P0.40 cash dividend per share, amounting to a total of P1.94 billion. Shareholders of record as of April 25, 2016 are entitled to receive the dividends. The payment date is on May 16.

ODPN moves forward
Inquirer - 2016-04-09
Last March 30, the Organization Development Practitioners Network (ODPN) had the induction of its new Board of Directors at the ECJ Executive Dining Room of San Miguel Corporation. They will carry on the 15-year tradition of the association as well as ...

8990 eyes P1.7 B sales from condo project
Philstar - 2016-04-09
MANILA, Philippines - 8990 Holdings Inc. is eyeing P1.7 billion in sales from its first high-rise condominium project slated for completion in September next year. In a disclosure to the Philippine Stock Exchange, 8990 said the project dubbed Urban Deca ...

Enjoying food art in Antipolo
BusinessMirror - 2016-04-09
The San Miguel Pure Foods Culinary Team (from left) Chef Rj Garcia, admin and finance; Rowena Balanga, projects coordinator; Muny Moreno, VP And GM for Great Foodsolutions; Helene Pontejos, culinary services manager; Llena Arcenas; Chef Rene Ruz ...