AC Energy may not need BSP okay for coal project
BusinessMirror. - 2016-02-25
AC Energy Holdings Inc. said financing for its coal-power project in Bataan may no longer require approval from the Bangko Sentral ng Pilipinas (BSP). This, a company official said, could cut down processing time by at least three months. AC Energy ...

Luisita leads PAL golf by 8
Manila Bulletin - 2016-02-25
Other supporters are Philippine Daily Inquirer, Inquirer.net, Plantation Bay Resort and Spa, Tanduay Distillers, Asia Brewery, Splash Corporation, RFM Corporation, Goldilocks, Eastgate Publishing Corporation, Robinsons Land and Rolls-Royce.

Manulife Financial Corporation Completes Preferred Share Offering
The Street - 2016-02-25
The offering was underwritten by a syndicate of investment dealers co-led by RBC Capital Markets, Scotia Capital Inc. and TD Securities Inc. The Series 21 Preferred Shares commence trading on the Toronto Stock Exchange ... and the Philippine stock ...

PSBank, RCBC Savings post higher income
Philstar - 2016-02-25
MANILA, Philippines - Philippine Savings Bank (PSBank) reported a net income of P2.35 billion in 2015, up 1.7 percent from P2.31 billion in 2014. PSBank president Vicente Cuna Jr. said that 2015 was a challenging year for the thrift bank arm of the ...

PAL seniors golf under way
Philstar - 2016-02-25
Other supporters are Plantation Bay Resort and Spa, Tanduay Distillers, Asia Brewery, Splash Corporation, RFM Corporation, Goldilocks, Eastgate Publishing Corporation, Robinsons Land and Rolls-Royce.

Philex ends 2015 with higher income despite lower metal prices
Rappler - 2016-02-25
MANILA, Philippines - Philex Mining Corporation, the country's biggest gold producer, saw its net income surge by 10% in 2015, with tight expense management and cost reduction programs cushioning the impact of low metal prices. Its board of directors ...

Search for Marcos' wealth: Compromising with cronies
Rappler - 2016-02-25
Unlike other cronies who chose to slug it out with the post-Marcos government, Campos cooperated fully in ... Telephone Company shares in 1999 for P74.2 million ($1.6 million); and Anscor and PLDT shareholdings in 2005 for P41 million ($860,000).

Philippine Stocks Are Sure Bet to Top Analyst on Vote Spending
Bloomberg - 2016-02-25
The Philippine Stock Exchange Index is down 2.6 percent this year, after falling in 2015 for the first time since the global financial crisis. "There is a bias for stocks to go up during elections because there is a lot of spending going on that companies ...

Binay camp seeks edification about 'Oplan Nognog'
interaksyon.com - 2016-02-25
Gutierrez owns the mining companies SR Metals Inc. and subsidiaries San R Mining Co. and Galeo Equipment and Mining Co., while Zamora, brother of Minority Leader Ronaldo Zamora, owns Nickel Asia Corp. In a separate statement, Akbayan partylist ...

10 Filipinos on Forbes' 30 Under 30 Asia maiden list
entrepreneur.com.ph - 2016-02-25
Rachel de Villa, 23 Finance and venture capitalist De Villa is the co-founder and chief technology ... Business School. Leandro Leviste, 22 The second youngest among the Filipino honorees in the list, Leviste is the founder of Solar Philippines, because ...

Mobile World Congress 2016
MSN - 2016-02-24
The much-awaited Mobile World Congress 2016 began in Barcelona, Spain, on Feb. 22 and will continue until Feb. 25. As the heavyweight players in the smartphone and wearables world gather at the event this year, we discover all the latest tech that will be ...

Jollibee buys out Chinese partner for $10.4m
thestandard.com.ph - 2016-02-24
Restaurant chain operator Jollibee Foods Corp. said Wednesday it signed a $10.4-million deal to buy out its partner and take full ownership of Yonghe King chain in China. Jollibee said in a disclosure to the stock exchange wholly-owned unit Jollibee ...

Manila Water posts net income of P5.9b
thestandard.com.ph - 2016-02-24
Manila Water Company Inc. said Wednesday net income in 2015 rose 2 percent to P5.9 billion from P5.81 billion in 2014 on slightly higher water volume. The company said in a disclosure to the stock exchange revenues climbed 4 percent to P16.93 billion from ...

Foundation aims to build free homes for the needy
The Star Online - 2016-02-24
"Malaysia might not be as bad as the Philippines in terms of poverty but we still have poor people here who need help. "They need brick homes with running water and electricity," said Tan. He added that this endeavour was not just a Berjaya ...

Manila Water posts net income of P5.9b
thestandard.com.ph - 2016-02-24
Manila Water Company Inc. said Wednesday net income in 2015 rose 2 percent to P5.9 billion from P5.81 billion in 2014 on slightly higher water volume. The company said in a disclosure to the stock exchange revenues climbed 4 percent to P16.93 billion from ...

Jollibee buys out China manufacturing partners
Philstar - 2016-02-24
MANILA, Philippines - Fastfood giant Jollibee Foods Corp. is buying out its partner in a food manufacturing venture that services the requirements of Chinese fastfood operator Yonghe King. In a disclosure to the Philippine Stock Exchange, JFC said its ...

Manila Water posts net income of P5.9b
thestandard.com.ph - 2016-02-24
Manila Water Company Inc. said Wednesday net income in 2015 rose 2 percent to P5.9 billion from P5.81 billion in 2014 on slightly higher water volume. The company said in a disclosure to the stock exchange revenues climbed 4 percent to P16.93 billion from ...

24 floats join Baguio Flower Festival grand parade
Sun Star - 2016-02-24
PARTICIPANTS for the upcoming float parade of the Baguio Flower Festival has heed to the suggestion of the Department of Tourism (DOT) in the Cordillera Region. Baguio Flower Festival Foundation Incorporated chief of staff Evangeline Payno during Wednesday ...

RCBC Savings expects loans to increase 20% this year
thestandard.com.ph - 2016-02-24
RCBC Savings Bank, the thrift bank arm of Rizal Commercial Banking Corp., said it expects a 20-percent growth in loans this year, on robust demand for both housing and auto loans. "We expect a 20-percent growth for loans. It can be derived from auto ...

Semirara nets P8.45B, gets bulk of growth from power business
Manila Bulletin - 2016-02-24
Semirara Mining and Power Corporation (SMPC) already obtained a solid foothold in the power business, getting bulk of its 2015 earnings in the sector which have gone up to P8.45 billion. In a filing with the Philippine Stock Exchange, SMPC disclosed that ...

RFM to pay R273-M cash dividend, sets share buyback
Manila Bulletin - 2016-02-24
Food and beverage company RFM Corporation reported that its board of directors has approved the declaration of cash dividends amounting to R273 million or R0.0779 per share, for shareholders as of record date of March 10, 2016. In a disclosure to the ...

RFM to pay R273-M cash dividend, sets share buyback
Manila Bulletin - 2016-02-24
Food and beverage company RFM Corporation reported that its board of directors has approved the declaration of cash dividends amounting to R273 million or R0.0779 per share, for shareholders as of record date of March 10, 2016. In a disclosure to the ...

Jollibee buys out partner operating three of its commissaries in China
BusinessMirror. - 2016-02-24
FAST-FOOD giant Jollibee Foods Corp. (JFC) on Wednesday said it will acquire the remaining interest of the company that operates its commissaries in China by buying out its Chinese partner. In its disclosure to the Philippine Stock Exchange, the company ...

Court order favors LBC
Inquirer - 2016-02-24
The Regional Trial Court of Makati City issued the order to lift and set aside the writ of preliminary attachment issued on Dec. 7, 2015 and the garnishment after the defendants delivered a counter-bond, LBC Express Holdings Inc. disclosed to the ...

INC wants Manalo doctors accompanied by New Era staff
Rappler - 2016-02-24
wants doctors entering the contested 36 Tandang Sora compound in Quezon City to be accompanied by medical staff from the INC-run New Era Hospital. During proceedings at the Quezon City Regional Trial Court Branch 222 on Wednesday, February 24, INC lawyer ...

Biz groups, think tanks weigh in: How can PH broadband improve?
Rappler - 2016-02-24
MANILA, Philippines - It is not the re-allocation of San Miguel Corporation's unused 700 megahertz (MHz) spectrum that will improve Internet services in the Philippines, said some of the country's leading business groups and information and ...

Berjaya Group working with Gawad Kalinga to start local chapter
theSundaily - 2016-02-24
KUALA LUMPUR: Gawad Kalinga, a Philippines-based movement committed to eradicating poverty will start a Malaysian chapter in collaboration with the Berjaya Group to serve the poor and needy in Malaysia. The proposed name for the foundation is "Gerakan ...

Jollibee takes full control of China manufacturing unit
Inquirer - 2016-02-24
HOMEGROWN Jollibee Foods Corp., now the largest food service enterprise in Asia, is taking full control of a food manufacturing facility in mainland China that services Yonghe King, its flagship business in that market. In a disclosure to the Philippine ...

PSEi roster unchanged
Inquirer - 2016-02-24
The PSEi includes Ayala Corp., Aboitiz Equity Ventures, Alliance Group Inc., Ayala Land Inc., Aboitiz Power Corp., BDO Unibank Inc., Bloomberry Resorts Corp., Bank of the Philippine Islands, DMCI Holdings, Energy Development Corp., Emperador Inc., First ...

Cebu Airport Welcomes Four New International Routes in March
philippineflightnetwork.com - 2016-02-24
According to Louie Ferrer, President of GMR-Megawide Cebu Airport Corporation, bringing new routes and airlines ... The expansion includes the construction of a second terminal building, which will enable the airport to handle increased passenger volume.

All regulatory approvals received for Sun Life Financial's purchase of Assurant's U.S. Employee Benefits business
Market Watch - 2016-02-24
TORONTO AND WELLESLEY, MA, Feb. 24, 2016 (Canada NewsWire via COMTEX) -- On September 9, 2015, Sun Life Financial Inc. (the "Company") (SLF) SLF, -0.69% announced an agreement with Assurant, Inc. ("Assurant") AIZ, +0.63% to acquire Assurant's U.S. Employee ...

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 ...