Grace Poe: Aquino borrows planes from same companies
Rappler - 2016-02-24
(READ: TIMELINE: Grace Poe's citizenship, residency) According to his LinkedIn profile, which has since been deleted, he is a "Special Consultant to the Chief Executive Adviser of San Miguel Corporation's telecommunications group for IT related ...

Power Watch calls for EPPA halt
Visayan Daily Star - 2016-02-24
Consumer group Power Watch Negros is demanding that Central Negros Electric Cooperative suspend the Electric Power Purchase Agreement with Kepco-Salcon Power Corp. and Filinvest Development Corp. Utilities Inc. Power Watch claimed that only an approximated ...

Manila Doctors Hospital's new medical tower seen completed in Q4
MSN - 2016-02-24
MANILA - Manila Doctors Hospital, one of the top centers of health and wellness in the Philippines, has held a topping-off ... The topping-off ceremonies were led by Metrobank Group Chairman Dr. George SK Ty, members of the board of directors, senior ...

Duterte tops big Universities Presidential Mock Polls.
trending.ph - 2016-02-24
Arellano University - Main Campus conduct a Mock Election for President and Vice President position in relation to the upcoming 2016 National Election ... and Mindanao University of Science and Technology (MUST) consistently revealed Duterte as their ...

Jollibee Foods to buy remaining 30% in food manufacturing in China
MSN - 2016-02-23
Jollibee Foods Corporation (JFC) is buying the remaining 30 percent equity shareholding in the joint venture Happy Bee Foods Processing Pte. Ltd. Happy Bee is a joint venture between Jollibee Foods subsidiary Jollibee Worldwide Pte. Ltd. and Hua Xia ...

How do presidential elections affect the stock market?
Inquirer - 2016-02-23
Media stocks such as ABS-CBN (-20 percent) and GMA7 (-11 percent) and consumer stocks such as Jollibee (-4 percent), Universal Robina (-17 percent) and Puregold (-19 percent) can also offer good trading plays this year. Market history has shown that ...

Semirara earnings grow 23%
MSN - 2016-02-23
The company ... Luzon Power Generation Corp. (SLPGC), which amounted to P86 million. "The 2x150-MW of SLPGC is still on commissioning stage, though contracted energy already amounted to 222 GW with different effectivity period," Semirara said.

A last shot of Baguio coffee
Philippine Daily Inquirer - 2016-02-23
We call him "Baguio Beans" not only because of his lanky figure but because of his early works which are mosaics of coffee farmers using ground coffee, an offshoot of his thesis for a fine arts degree at the University of the Philippines Baguio.

LED bulbs to be distributed in Medak and Nizamabad districts in Telangana
Daily News and Analysis - 2016-02-23
Telangana New and Renewable Energy Development Corporation Limited on Tuesday decided to take up distribution of LED bulbs to all households in Medak and Nizamabad districts under a pilot project. At the fifth Board meeting of TNREDCL held under the ...

Alsons converts 2 Mindanao facilities into merchant plants
Philstar - 2016-02-23
MANILA, Philippines - Alsons Power Group will operate two of its three Mindanao-based diesel power plants as merchant facilities this year to address the critical need for power supply in several areas in the region, a ranking company official said.

Garnishment against LBC lifted
thestandard.com.ph - 2016-02-23
LBC Express said that in compliance with such order, the sheriff of Makati RTC branch 143 served the lifting of the garnishment against the company on the main offices of Landbank of the Philippines, BDO Unibank Inc., Metropolitan Bank and Trust Company ...

Government remains committed to good forest governance-DENR
BusinessMirror. - 2016-02-23
Despite "fiscal limitations," the Department of Environment and Natural Resources (DENR) said it remains committed to reversing the trend of deforestation. Environment Secretary Ramon J.P. Paje made the commitment in his speech during the opening ...

Solar power plant in Silay City opens
Inquirer Technology - 2016-02-23
Citicore Power opened its first solar power plant in Silay City ... engineering and construction work for the project, which spans 43 hectares and includes more than 96,000 photovoltaic (PV) modules, was done by Megawide Construction Corp. "This is ...

Philippines aims to award $2.6 billion road project before Aquino steps down
Asian Legal Business - 2016-02-23
Rogelio Singson, public works and highways secretary, told ABS-CBN News Channel that bid-evaluation "should ... The three groups are: San Miguel Corp, via its San Miguel Holdings Corp unit; Trident Infrastructure and Development Corp., also known as ...

Philippines aims to award $2.6 bln road project before Aquino steps down
Reuters - 2016-02-23
The three groups are: San Miguel Corp, via its San Miguel Holdings Corp unit; Trident Infrastructure and Development Corp., also known as Team Trident composed of Ayala Land Inc, SM Prime Holdings Inc, Aboitiz Equity Ventures Inc and Megaworld Corp ; and ...

Two towers of Pagudpud Wind Farm bombed
Philippine News - 2016-02-23
Two of Pagudpud Wind Farm's transmission towers had toppled. Photo from Ayala Corporation - Energy and Infrastructure Group TOPPLED. Two of Pagudpud Wind Farm's transmission towers had toppled. Photo from Ayala Corporation - Energy and Infrastructure Group ...

Alsons converts 2 Mindanao facilities into merchant plants
MSN - 2016-02-22
PHL payments surplus widens to $241M in May - BSP

Rockwell OKs P5-b borrowing
thestandard.com.ph - 2016-02-22
Rockwell Land Corp., the property unit of the Lopez group, said Monday it plans to borrow P5 billion from Metropolitan Bank & Trust Co. to fund capital expenditures. Rockwell Land said in a disclosure to the stock exchange its board of directors approved ...

Philex finds new reserves in Padcal
thestandard.com.ph - 2016-02-22
Philex Mining Corp. said Monday the on-going drilling at the Bumolo porphyry copper-gold deposit near Padcal mine in Benguet province produced encouraging results. Philex said in a disclosure to the stock exchange the maiden inferred mineral resources for ...

Bank of America will offer mortgages for 3% down
CNN Money - 2016-02-22
If you're looking to buy a home but don't have the 20% down payment sitting around, Bank of America is now offering mortgages with as little as 3% down. The new loan program is aimed at helping low- and moderate- income borrowers get home loans for up to $ ...

Alsons allots $650 million for hydro, solar projects
BusinessMirror. - 2016-02-22
ALSONS Renewable Energy Corp. (Arec), a subsidiary of Alsons Consolidated Resources Inc. (ACR), is earmarking $650 million to pursue investments in hydro and solar projects, with a total generating capacity of 205 megawatts (MW). "Alsons has a clear ...

Most lambs roasted simultaneously: Jiang Linsheng broke Guinness World Records record (VIDEO)
World Record Academy - 2016-02-22
Guinness World Records also recognized the world record for the largest serving of roast pork; it weighed 4,045 kg (8,917.7 lbs) and was achieved by Calata Corporation (Philippines) in Quezon City, Philippines, on 8 November 2015. Jiang roasted the animals ...

BPI targets mass market for credit cards
Philstar - 2016-02-22
MANILA, Philippines - The Bank of the Philippine Islands (BPI) is taking its card business to another level by targeting the C or mass market this year. BPI wants to grow its credit card business faster than the six percent rate achieved in 2015 and expand ...

Caraga Pork Festival
Philstar - 2016-02-22
CEBU, Philippines - As part of the company's ongoing sustainable entrepreneurship program across the country, Pilmico, the food subsidiary of Aboitiz Equity Ventures, Inc., stages the "Mahalin Pagkaing Atin"-Caraga Pork Festival. The event, organized in ...

Alsons allots $650 million for hydro, solar projects
BusinessMirror. - 2016-02-22
ALSONS Renewable Energy Corp. (Arec), a subsidiary of Alsons Consolidated Resources Inc. (ACR), is earmarking $650 million to pursue investments in hydro and solar projects, with a total generating capacity of 205 megawatts (MW). "Alsons has a clear ...

(NewsFeature) FPH kicks off 'Good Tours' for power plant visits
Balita - 2016-02-22
Aguilar added First Gen Corp., which is also an affiliate of FPH, is testing the potential of the site for ocean energy. FPH further said their power plant sites also serve as a home to wildlife species, which could also serve as a potential tourist ...

Alsons Renewable to spend $650M for hydro, solar projects
Rappler - 2016-02-22
MANILA, Philippines - Alsons Renewable Energy Corporation (AREC), a subsidiary of Alsons Consolidated Resources, Incorporated (ACR), earmarked $650 million to pursue investments in hydro and solar projects, with a total generating capacity of 205 ...

Rockwell taps P5B loan
Inquirer - 2016-02-22
PROPERTY developer Rockwell Land Corp. is raising up to P5 billion from a bilateral loan facility with Metropolitan Bank and Trust Co. Rockwell told the Philippine Stock Exchange on Monday that its board had approved the availment of five-, seven- or 10 ...

Philippines Economy: the Challenges for the New Leader
Bloomberg - 2016-02-22
15:34 - Jaime Augusto Zobel de Ayala, chairman and chief executive officer at Ayala Corporation, discusses global growth, opportunities in the Philippines and the outlook for his company. He speaks to Bloomberg's David Ingles on "Trending Business" from ...

VAALCO Energy Announces Approval of Avouma Development Plan, Signs FPSO Contract Extension and Spuds Wildcat in Southern Gabon
prnewswire.com - 2016-02-22
Other field partners are Pan-Ocean Energy Corporation Limited (31.36%), Sasol Petroleum West Africa (Ltd.) (27.75%), Sojitz Etame Limited (2.98%), PetroEnergy Resources Corp. (2.34%) and Tullow Oil plc (7.5%). VAALCO Energy, Inc. will hold an investor ...

Preparing for the 30th EDSA People Revolution anniversary
Balita - 2016-02-22
The EDSA People Power Monument near Camp Aguinaldo in Quezon City is being spruced up by personnel of the Department of Public Works and Highways (DPWH) and the Manila Electric Company (Meralco) in preparation for the 30th anniversary celebration of the ...

2GO joint venture bags P500-M VCM deployment project
MSN - 2016-02-21
MANILA, Philippines -- The joint venture of 2GO Express and 2GO Logistics Philippines, Inc. has bagged the multi-million vote counting machine (VCM) deployment project of the Commission on Elections (Comelec) for having the lowest calculated and responsive ...

Alsons Group sets aside $650 M for renewables
MSN - 2016-02-21
Alsons vice president for business development Joseph Nocos said in a briefing yesterday the opportunity for generation companies is in the RE space and the company would take advantage of that window. "Alsons will be concentrating on hydroelectric and ...

Samsung, LG improve smartphone cameras, turn to virtual reality
MSN - 2016-02-21
Samsung launched two versions of its flagship phone, the flat screen Galaxy S7 and the curved screen Galaxy S7 edge, with cameras that can take better pictures under low-light conditions. The company, the world's number one smartphone maker, also debuted ...

Swiss Challenge set on expressway link
thestandard.com.ph - 2016-02-21
Other MNTC shareholders are Egis Projects S.A. of France, Leighton Asia Ltd. of Australia and PNCC, which holds the franchise to run the expressway. The government decided to subject the project to a Swiss challenge after the Justice Department issued a ...

Philippines to join Food&HotelAsia2016 in Singapore
thestandard.com.ph - 2016-02-21
Among the companies and groups that have pre-registered for FHA2016 are the Association of Purchasing Managers of Hotels & Restaurants, Creative Food Group, MacroAsia Catering Services, Solaire Resort & Casino, and Vanguard Hotels. The Singapore expo will ...

Building a digital nation
Philstar - 2016-02-21
Personalities such as Rappler CEO and executive director Maria Ressa, Xurpas president and CEO and PinoyExchange founder Nix Nolledo, and even Filipinos who have succeeded in setting up businesses abroad such as Simple Wearables co-founder and CEO Angelo ...

PhilHealth introduces hassle-free Premium Payment Channels
news.pia.gov.ph - 2016-02-21
QUEZON CITY, Feb. 22 -- To ensure fast and easy quality service, the Philippine Health Insurance Corporation (PhilHealth) introduces better ways of making premium payment transactions hassle-free for its members. One of the latest payment modalities that ...

Ayala, LT to start C5 project
thestandard.com.ph - 2016-02-21
Property developer Ayala Land Inc. said it may break ground for a 35-hectare mixed-use project along C5 Road in Pasig City in joint venture with LT Group of tycoon Lucio Tan within the year. Ayala Land senior vice president and head of strategic lank bank ...

Kazakh riders finish 1-2 in Le Tour
Manila Bulletin - 2016-02-21
As expected, Team Vino also took home the team general classification with an overall time of 52:53:02, beating 7-Eleven Philippines by five minutes and 16 seconds. "We just control the riders. Control the team gap. Keep the time and control," said ...

Kazakh riders finish 1-2 in Le Tour
Manila Bulletin - 2016-02-21
As expected, Team Vino also took home the team general classification with an overall time of 52:53:02, beating 7-Eleven Philippines by five minutes and 16 seconds. "We just control the riders. Control the team gap. Keep the time and control," said ...

Fire at LPG storage facility contained, but...
Manila Bulletin - 2016-02-21
The storage facility for LPG stock at the industrial park in Barangay Salong, Calaca, is owned by South Pacific Inc. (SPI) and not by Phoenix Petroleum Inc., as earlier reported. Lawyer Raymond Zorilla, spokesman of Phoenix Petroleum, made this ...

Concepcion Industries Corp in Consumer Appliances (Philippines): New research report available at Fast Market Research
Live-PR - 2016-02-21
(live-PR.com) - Concepcion Industrial Corp is expected to benefit from the overall movement of the economy in the coming years. The rise of disposable income is expected to drive sales of appliances such as air conditioning units, which comprise the ...

Bets on industrial and property firms
Manila Bulletin - 2016-02-21
As for industrial alone, it maintained a "buy rating" for construction firm EEI Corporation for having a strong local operations to offset the weakness of its Saudi Arabia operations. In the recent data made by real estate services firm Colliers ...

BPI posts modest profit gain
MSN - 2016-02-20
Ayala-led Bank of the Philippine Islands (BPI) managed to eke out income growth amid the volatile global environment brought about by the interest rate liftoff in the US and the economic slowdown in China. BPI president and CEO Cezar Consing reported the ...

Bets on industrial and property firms
Manila Bulletin - 2016-02-20
As for industrial alone, it maintained a "buy rating" for construction firm EEI Corporation for having a strong local operations to offset the weakness of its Saudi Arabia operations. In the recent data made by real estate services firm Colliers ...

7-Eleven PHL operator ramps up store expansion
MSN - 2016-02-20
Philippine Seven Corp. (PSC) Head of Finance and Accounting Division Lawrence M. de Leon said in a telephone interview its capital expenditure budget may reach a record P3.5 billion -- higher than the P2.5 billion spent last year -- to open at least 400 ...

PRCI ups stake in Sta Lucia Land
Philstar - 2016-02-20
MANILA, Philippines - Listed horse racing operator and property developer Philippine Racing Club Inc. (PRCI) has raised its shareholdings in real estate firm Sta. Lucia Land Inc. (SLI). PRCI said it bought 100 million shares of SLI at P0.75 apiece ...

Fire hits Phoenix industrial park in Batangas
Rappler - 2016-02-20
According to its website, PPIPC is a wholly owned subsidiary of Phoenix Petroleum Philippines ... (SLTEC), a joint venture between AC Energy Holdings, Incorporated and Trans Asia Oil and Energy Development Corporation. - Rappler.com

ALI to issue P8-billion bonds in March
Manila Bulletin - 2016-02-20
Real estate giant Ayala Land, Inc. is planning to raise an initial P8 billion from the issuance of fixed rate bonds to partially fund its planned P85-billion capital expenditure budget and other corporate purposes. In a press briefing, ALI chief finance ...