Davao plant in full operation -- Aboitiz
Manila Standard Today - 2016-02-01
Therma South Inc., a unit of Aboitiz Power Corp., has declared the second unit of its 300-megawatt Davao coal-fired power plant in commercial operations starting today. Aboitiz Power said in a statement the second unit would add another 150 MW to the ...

Santorini: Ideal lifestyle within reach
Manila Bulletin - 2016-02-01
Sta. Lucia Land, Inc. (SLLI) recently unveiled the amenity area of the Mediterranean-inspired towers of Sta. Lucia Residenze. Sta. Lucia Residenze is a cosmopolitan complex of residential towers located right in the heart of Sta. Lucia City, a bustling ...

Pryce almost doubles profit as LPG price drops
Manila Bulletin - 2016-02-01
Pryce Corporation almost doubled its unaudited, consolidated net income to P586.3 million last year, up 98 percent from the P296.9 million earned in 2014 despite a drop in revenues. In a disclosure to the Philippine Stock Exchange, the firm said ...

Pryce almost doubles profit as LPG price drops
Manila Bulletin - 2016-02-01
Pryce Corporation almost doubled its unaudited, consolidated net income to P586.3 million last year, up 98 percent from the P296.9 million earned in 2014 despite a drop in revenues. In a disclosure to the Philippine Stock Exchange, the firm said ...

DOLE: More than 230,000 jobs await OFWs displaced by crisis in Middle East
Manila Bulletin - 2016-02-01
Inc.; EEI Realty Corporation, and Philippine Association of Private Recruitment and Placement Agencies. "These numbers may still increase as the DOLE is still awaiting job vacancies data from its partners both in the private and public sectors," Baldoz ...

APEC Schools' reply to critics: 'We're not traditional, but ours is a healthy environment'
interaksyon.com - 2016-02-01
In Corporatized Education in the Philippines: Pearson, Ayala Corporation and the Emergence of Affordable Private Education Centers (APEC), he gave the thumbs down to the chain of low-cost private high schools, saying that its concern for "business growth ...

Green Fashion Revolution 2016 comes to Manila
Rappler - 2016-02-01
Aboitiz Equity Ventures debuted its first ever Green Fashion Revolution at the SMX Convention Center in Pasay City on Saturday, January 30, challenging students from schools in Metro Manila to create clothing, footwear, and accessories out of recycled ...

2015 HARVESTING EXCELLENCE AWARDING CEREMONY
deped.gov.ph - 2016-02-01
Harvesting Excellence in the realm of education with its counterparts and support systems (stakeholders) for 2015 was given recognition last February 1, 2016 at the Pavillion, DepEd Ecotech Center in Cebu City. This was a ceremony ...

SPONSORSHIP SPEECH OF SEN. AQUILINO "KOKO" PIMENTEL III
senate.gov.ph - 2016-02-01
Subido, Man Bun Chong, Erlinda S. Chong, Pei Feng Lee, Kenneth Sabino S. Tan, Clara Mae U. Ong, Makati Historical and Restoration Foundation, Inc., Meriras Realty and Development Corporation, Metrowaste Solid Waste Management Corporation, Twin Leaf Group ...

Exclusive: India's Sahara uses small savers to keep hill resort afloat
MSN - 2016-01-31
India's embattled Sahara conglomerate has been funneling cash from small savers to fund one of its biggest projects, a luxury resort south of Mumbai, according to documents Reuters reviewed. Sahara has ploughed at least 15 billion Indian rupees ($221 ...

BDO forges joint venture with Mitsubishi, 2 others
Inquirer - 2016-01-30
Banco de Oro Unibank, the countrys largest lender, has teamed up with three Japanese firms to provide financing services to buyers of Mitsubishi vehicles, as it remains upbeat about growing consumer affluence in the country. BDO Unibank Inc. entered into a ...

I've lived in New York City for 22 years, and here are my favorite places to eat for less than $20
MSN - 2016-01-29
Born and raised in Brooklyn for the past 22 years, I have a knack for finding the best cheap eats that are not dingy, hole-in-the-wall restaurants. I love food, and there are plenty of restaurants throughout the city that offer it affordable and good ...

ABS-CBN appoints new chief operating officer
thestandard.com.ph - 2016-01-29
ABS-CBN Corp. said Friday it appointed Cory Vidanes as chief operating officer effective Feb. 1, 2016. Vidanes replaced Carlo Katigbak who was earlier named president and chief executive of the company. Vidanes will lead and oversee the total channel ...

BDO partners with Mitsubishi in auto leasing
BusinessMirror - 2016-01-29
Sy-led BDO Unibank Inc. has signed a joint-venture agreement with Mitsubishi Motors Philippines Corp. (MMPC) to put up an auto leasing entity for the customers of the motoring company. BDO said on Friday the joint venture with Mitsubishi, along with Sojitz ...

Key Executives for Philippine Bank of Communications
Bloomberg - 2016-01-29
Arlene Macarandan Datu No Relationships Head of Finance Group and Senior Vice President 56 Jason Joaquin Alba No Relationships Head of Legal Services Group and First Vice President 41 Hermelita Hernandez Ambrocio No Relationships Head of Retail Banking ...

Filinvest bags deal to develop Mimosa in Clark
Philstar - 2016-01-29
MANILA, Philippines - The Clark Development Corp. has issued a notice of award to the Filinvest Group for the lease, development, and management of the former Mimosa Leisure Estate in Pampanga. The consortium of Filinvest Development Corp. and subsidiary ...

Century Properties eyes completion of PhP20.3-B residential condos in next 2 years
Balita - 2016-01-29
MANILA, Jan. 28 -- Listed real estate developer Century Properties Group, Inc. on Thursday said it is on track to completing another seven residential condominiums with total sales value of PhP20.3 billion in the next two years. These projects with a ...

BDO, Mitsubishi form JV for auto financing
Manila Bulletin - 2016-01-29
BDO Unibank, Inc. (BDO) will provide financing services to individual and corporate buyers of Mitsubishi Motors vehicles after it has entered into a joint venture (JV) with Mitsubishi Motors Philippines Corporation (MMPC), Sojitz Corporation (SJC ...

Car financing venture set up with BDO Leasing, Mitsubishi, Sojitz, JACCS
MSN - 2016-01-28
BDO Leasing and Finance, Inc., a listed subsidiary of BDO Unibank, Inc. (BDO), has struck a partnership with Mitsubishi Motors Philippines Corp. (MMPC), Sojitz Corp. (SJC), and JACCS Co. Ltd. to provide financing services to Mitsubishi vehicle buyers.

SBS names new president
MSN - 2016-01-28
Filipino-owned chemical firm SBS Philippines Corp. said yesterday its founding chairman Necisto Systengco is relinquishing his post as president of the company. Following this, SBS announced the appointment of Gerry Tan as the new president and CEO of the ...

Trans-Asia rebrands to PHINMA Energy
Manila Bulletin - 2016-01-28
The Del Rosario-led Trans-Asia Oil and Energy Development Corporation is rebranding into PHINMA Energy Corporation, a name that will be stamped with the hallmark of its parent firm. In a statement to the media, the company said the agenda on renaming its ...

Filinvest awarded Mimosa lease deal
thestandard.com.ph - 2016-01-28
Filinvest Development Corp., the holding company of tycoon Andrew Gotianun, said Thursday it was awarded a 50-year lease of the 201-hectare Mimosa Leisure Estate in Clark Freeport Zone, Pampanga. The new deal with state-owned Clark Development Corp. will ...

Vista Land raises $125m
thestandard.com.ph - 2016-01-28
Homebuilder Vista Land & Lifescapes Inc. said wholly-owned offshore unit VLL International Inc. has raised $125 million from the issuance of new debt notes due 2022. Vista Land said in disclosure to the stock exchange VLL International Inc. re-opened the ...

BDO-Nomura agreement
thestandard.com.ph - 2016-01-28
BDO Unibank Inc. said Thursday it successfully closed an agreement with Nomura Asia Investment (Singapore) Pte. Ltd., a wholly-owned subsidiary of Nomura Holdings Inc., for a joint venture in PCIB Securities Inc., a securities dealer and broker with a seat ...

Basic Energy withdraws 4 hydro service contracts
Manila Bulletin - 2016-01-28
Publicly listed Basic Energy Corporation (BEC) has pulled out from the four service hydro service contracts that were previously awarded to it by the Department of Energy (DOE). These are for the prospects in Puntian 1 and Puntian 2, Malogo 2 and Talabaan ...

Basic Energy withdraws 4 hydro service contracts
Manila Bulletin - 2016-01-28
Publicly listed Basic Energy Corporation (BEC) has pulled out from the four service hydro service contracts that were previously awarded to it by the Department of Energy (DOE). These are for the prospects in Puntian 1 and Puntian 2, Malogo 2 and Talabaan ...

Century set to complete 7 condo projects in 2 years
Manila Bulletin - 2016-01-28
Century Properties Group, Inc. (CPG.PM) is set to complete seven residential condominiums in the next two years after the successfully finishing construction of six residential projects in 2015. In a statement, the firm said "this marks a banner year for ...

BDO seals stock brokerage venture with Nomura
Inquirer - 2016-01-28
Following the transaction, BDO will own 51 percent of the joint venture, with Nomura holding the remaining 49 percent, the Sy family-led bank told the Philippine Stock Exchange on Thursday. "The joint venture intends to leverage on the strength of both ...

Maintenance Schedules
meralco.com.ph - 2016-01-28
St. (Vito Cruz) to Metropolitan Ave. including Suez St. in Bgy. San Antonio. Portion of Export Bank St. (Urban) from Chino Roces Ave. (Pasong Tamo) to and including Tropical Hut Restaurant, Mercury Drug and Greenfield Development Bldg. in Bgy. Pio Del Pilar.

Vista Land raised $125M more from bonds
Manila Bulletin - 2016-01-28
The bonds are guaranteed by Vista Land and several units, such as Brittany Corporation, Camella Homes, Crown Asia Properties, Communities Philippines, Manuela Corp, Masterpiece Asia Properties, Starmalls and Vista Residences. Vista Land, also through VLL ...

BDO Unibank : Signs JV Agreement with Sojitz-MMPC-JACCS
4 Traders - 2016-01-27
BDO Unibank, Inc. (BDO) has entered into a joint venture (JV) with Mitsubishi Motors Philippines Corporation (MMPC), Sojitz Corporation (SJC) and JACCS Co., Ltd. (JACCS) to provide financing services to individual and corporate buyers of Mitsubishi Motors ...

Stock Market
Manila Bulletin - 2016-01-27
Singapore - Crude oil prices fell in Asia trade Thursday as the market shifted attention back to oversupply concerns, after prices were briefly supported by speculation that large producers may be inching closer to a collective cut. On the New York ...

SsangYong returns
Manila Bulletin - 2016-01-27
South Korean automotive marque, SsangYong, is returning to the Philippine market, under a new and exclusive distributor, SsangYong Berjaya Auto Philippines, Inc. (SBMP). SBMP is a part of the Malaysian Berjaya Group of Companies. Its sister company ...

Proposed pay hike for state workers gasping for air with 3 sessions to go
BusinessMirror. - 2016-01-27
The chance of the proposed Salary Standardization Law (SSL) of becoming a law is getting dimmer, with the provision on the indexation of pensions of retired uniformed personnel remaining as the lone stumbling block to its passage. Delegates of the Senate ...

Filinvest bags Mimosa development contract
BusinessMirror. - 2016-01-27
Clark Development Corp. (CDC) has awarded the contract for the development, operation and management of the vast Mimosa Leisure Estate in Clark, Pampanga, to the Gotianun-led Filinvest Development Corp. (FDC). The company said on Thursday the agency gave ...

Metrobank Research expects 6.3% GDP growth this year
MSN - 2016-01-27
The agri sector will remain weak as El Niño extends to the first half." Its review of the Philippine Q4 and FY 2015 GDP growth, Metrobank Research noted that, in the final quarter of 2015, the economy posted a higher year-on-year expansion of 6.3% from ...

Vista Land raises $125M from bond reopening
MSN - 2016-01-27
VISTA LAND & Lifescapes, Inc. (Vista Land) braved the volatile market conditions to raise $125 million from the issuance of US dollar-denominated notes -- the first dollar bond offering from Southeast Asia this year VLL International, Inc. (VLLI), a unit ...

EastWest loses Victorias bid
Manila Standard Today - 2016-01-27
The Court of Appeals turned down the petition of EastWest Banking Corp. of the Gotianun Group to convert its debt notes in Victorias Milling Co. into equity. Victorias Milling said in a disclosure to the stock exchange the appellate court upheld the ...

EastWest loses Victorias bid
thestandard.com.ph - 2016-01-27
The Court of Appeals turned down the petition of EastWest Banking Corp. of the Gotianun Group to convert its debt notes in Victorias Milling Co. into equity. Victorias Milling said in a disclosure to the stock exchange the appellate court upheld the ...

BDO closes joint venture deal with Nomura Asia
BusinessMirror. - 2016-01-27
BDO Unibank Inc. (BDO) successfully closed on Wednesday an agreement with Nomura Asia Investment (Singapore) Pte. Ltd. (Nomura), a wholly owned subsidiary of Nomura Holdings Inc., for the joint venture in PCIB Securities Inc., a securities dealer and ...

BDO closes joint venture deal with Nomura Asia
BusinessMirror. - 2016-01-27
BDO Unibank Inc. (BDO) successfully closed on Wednesday an agreement with Nomura Asia Investment (Singapore) Pte. Ltd. (Nomura), a wholly owned subsidiary of Nomura Holdings Inc., for the joint venture in PCIB Securities Inc., a securities dealer and ...

No VMC debt-for-equity swap for EastWest -- CA
4 Traders - 2016-01-27
Jan. 28--Victorias Milling Co. Inc. (VMC) has paid its debts to EastWest Banking Corp. and may not be legally compelled to issue shares in lieu of paying its monetary obligation to the bank, the Court of Appeals ruled. In a disclosure to the Philippine ...

Esmeralda Minerals LLC, a Subsidiary of Pure Energy Minerals Ltd., Provides Update on Collaboration With SRI International
CNN Money - 2016-01-27
Esmeralda Minerals LLC ... for its collaboration with SRI International, a research and innovation center, to develop novel cost-effective methods for lithium extraction from geothermal brines. Nitto Innovations Inc. (NII), a US subsidiary of the Japanese ...

CA rejects PEMC bid to collect P234 million from Thermal Mobile
BusinessMirror. - 2016-01-27
THE Court of Appeals (CA) has denied the bid of Wholesale Electricity Spot Market (WESM) operator Philippine Electricity Market Corp. (PEMC) to collect at least P234 million from Thermal Mobile Inc., a power-generation company allegedly involved in the ...

CA disallows lender to convert debt into equity
BusinessMirror. - 2016-01-27
The Court of Appeals (CA) has upheld the decision of the Securities and Exchange Commission (SEC) disallowing East West Banking Corp. from swapping convertible notes issued by sugar miller Victorias Milling Corp. into equity. In its decision, the CA said ...

CA disallows lender to convert debt into equity
BusinessMirror. - 2016-01-27
The Court of Appeals (CA) has upheld the decision of the Securities and Exchange Commission (SEC) disallowing East West Banking Corp. from swapping convertible notes issued by sugar miller Victorias Milling Corp. into equity. In its decision, the CA said ...

Pacific Mercantile Bank Expands Small Business Lending Programs
CNN Money - 2016-01-27
Ocasio, President and CEO of the Small Business Development Corporation ... commercial branch. Pacific Mercantile Bank opened for business March 1, 1999. The Bank, which is FDIC insured and a member of the Federal Reserve System, provides a wide range ...

Berjaya Auto to revive SsangYong in the Philippines
Paultan | Paul Tan - 2016-01-27
Berjaya Auto, distributor and retailer of Mazda vehicles in Malaysia and the Philippines, will be reviving the SsangYong brand in the Filipino domestic market. To do this, the corporation has formed SsangYong Berjaya Philippines and placed it under the ...

BDO closes joint venture deal with Nomura Asia
BusinessMirror. - 2016-01-27
BDO Unibank Inc. (BDO) successfully closed on Wednesday an agreement with Nomura Asia Investment (Singapore) Pte. Ltd. (Nomura), a wholly owned subsidiary of Nomura Holdings Inc., for the joint venture in PCIB Securities Inc., a securities dealer and ...

BDO, Nomura seal joint venture deal
GMA Network - 2016-01-27
BDO Unibank, Inc. on Wednesday closed a joint venture agreement with Nomura Asia Investment (Singapore) Pte. Ltd., a wholly-owned subsidiary of Nomura Holdings Inc. The deal covers PCIB Securities Inc., a stock brokerage with a seat on the Philippine Stock ...