DoubleDragon: Earnings will come mostly from leases by 2020
BusinessMirror. - 2016-01-11
PROPERTY developer DoubleDragon Properties Corp., a company coowned by the founders of fast-food chains Jollibee and Mang Inasal, said it expects to gain 90 percent of its revenues through the recurring income of its properties by 2020, when most of its ...

Cirtek buys into start-up company CloudMondo
BusinessMirror. - 2016-01-11
SEMICONDUCTOR firm Cirtek Holdings Philippines Corp. on Monday said it has made an investment in CloudMondo, a start-up company founded by Dado Banatao, a Silicon Valley engineer, entrepreneur and philanthropist. "In much of the developing world ...

PHL aviation sees bright prospect with new markets
BusinessMirror. - 2016-01-11
DESPITE a slowdown in capacity expansion in 2015, the low-cost carrier market in the Asean will continue to enjoy brighter prospects down the line, as airline groups have set their eyes on newer markets. Based on a report made by air-travel think tank ...

Monsada says DOF review, Palace OK delay award of petro service contracts and RE deals
BusinessMirror - 2016-01-11
Currently, there are 29 active petroleum service contracts in the Philippines with Shell Philippines Exploration, Total E&P, Otto Energy, PNOC-EC, Nido Petroleum, Philodrill, Pitkin Petroleum and Galoc Production Company to name a few of DOE operator-partners.

Monsada says DOF review, Palace OK delay award of petro service contracts and RE deals
BusinessMirror. - 2016-01-11
Currently, there are 29 active petroleum service contracts in the Philippines with Shell Philippines Exploration, Total E&P, Otto Energy, PNOC-EC, Nido Petroleum, Philodrill, Pitkin Petroleum and Galoc Production Company to name a few of DOE operator-partners.

DoubleDragon: Earnings will come mostly from leases by 2020
BusinessMirror. - 2016-01-11
PROPERTY developer DoubleDragon Properties Corp., a company coowned by the founders of fast-food chains Jollibee and Mang Inasal, said it expects to gain 90 percent of its revenues through the recurring income of its properties by 2020, when most of its ...

DoubleDragon: Earnings will come mostly from leases by 2020
BusinessMirror. - 2016-01-11
PROPERTY developer DoubleDragon Properties Corp., a company coowned by the founders of fast-food chains Jollibee and Mang Inasal, said it expects to gain 90 percent of its revenues through the recurring income of its properties by 2020, when most of its ...

BCDA, Filinvest ink deal on development of 288-ha portion of Clark Green City
Philstar - 2016-01-11
MANILA, Philippines - State-owned Bases Conversion and Development Authority (BCDA) has inked a deal with Filinvest for the joint venture partnership and development of the initial 288-hectare parcel of Clark Green City. In a statement over the weekend ...

Chrysler's new minivan of the future
CNN Money - 2016-01-11
Say goodbye to the Chrysler Town & Country and the Dodge Grand Caravan minivans. Both will soon be history. Say hello to the new Chrysler Pacifica, the minivan that will replace them both. The Pacifica, which will go on sale later this year, will have a ...

Green developer ArthaLand sees robust market in 2016
interaksyon.com - 2016-01-11
Property developer ArthaLand describes the market as "in the green and on the go" in 2016. Given the strong market momentum from previous years, ArthaLand foresees a robust future in the country's real estate market as it focuses to play strong in ...

COCKTALES | Trading suspension looms as 84% of LBC Express shares now garnished
interaksyon.com - 2016-01-11
A suspension on the trading of LBC Express Holdings now looms after the Philippine Deposit Insurance Corp. on Friday successfully garnished 84 percent of the shares of the courier, cargo and remittance group. According to a court officer familiar with the ...

Cirtek invests in US start up firm
MSN - 2016-01-10
Cirtek Holdings Philippines Corp. has acquired a stake in CloudMondo, a US-based start-up company that seeks to enable a global, high bandwidth, wireless access and backhaul platform. Jerry Liu, chairman of Cirtek, said the investment in CloudMondo would ...

Three teams to banner Phl campaign in Le Tour
MSN - 2016-01-10
Continental team 7-Eleven Road Bike Philippines, up-and-coming club Kopiko Cebu Cycling Team and the Phl National Team will carry the fight for the hosts when the seventh Le Tour de Filipinas hits the road from Antipolo City to Legazpi City on Feb. 18-21.

SkyCable expanding to satellite television
thestandard.com.ph - 2016-01-10
The cable unit of ABS-CBN Corp. has secured a green light from the National Telecommunications Commission to venture into satellite TV services, despite opposition from Philippine Long Distance Telephone Co. and other cable TV operators. NTC, in an order ...

Filinvest, BCDA sign deal to develop Clark
Manila Standard Today - 2016-01-10
The Bases Conversion and Development Authority and Filinvest Land Inc. signed a landmark joint venture partnership to develop a 288-hectare parcel of Clark Green City in ceremonies held at the BCDA Corporate Center in Taguig City. The deal is the first ...

Filinvest, BCDA sign deal to develop Clark
thestandard.com.ph - 2016-01-10
The Bases Conversion and Development Authority and Filinvest Land Inc. signed a landmark joint venture partnership to develop a 288-hectare parcel of Clark Green City in ceremonies held at the BCDA Corporate Center in Taguig City. The deal is the first ...

List of Shariah-compliant companies down in Q4
Philstar - 2016-01-10
Soriano Corp., Abra Mining and Industrial Corp., Apex Mining Co., Araneta Properties, Asian Terminals, ATN Holdings, ATN Holding, Centro Escolar University, Cirtek Holdings Philippines, Concepcion Industrial Corp., Crown Asia Chemicals Corp., D&L ...

NLRC sides with GMA-7 talents, upholds employee regularization
Philippine Daily Inquirer - 2016-01-10
who are members of Talents Association of GMA (TAG), are "regular employees of GMA Network Inc. and as such are entitled to security of tenure and all benefits and rights appurtenant to their status." The NLRC is expected to issue an entry of judgment ...

No winner in US lottery draw, jackpot rises to $1.3 billion
Manila Bulletin - 2016-01-10
New York, United States - The jackpot for the US Powerball lottery rose to a whopping $1.3 billion (1.19 billion euros) early Sunday after organizers said there was no winner in the weekend draw. The Powerball prize rocketed to $950 million on Saturday ...

A collaboration of fashion and art
thestandard.com.ph - 2016-01-09
Other sponsors of the event are Bettina Araneta Aboitiz, New San Jose Builders, Inc., Frabelle Corporation, Philippine Estates Corporation, GoPro, Mac Cosmetics, Creations by Lourd Ramos, Grey Goose, Janylin, and Albert Kurniawan.

A collaboration of fashion and art
Manila Standard Today - 2016-01-09
Other sponsors of the event are Bettina Araneta Aboitiz, New San Jose Builders, Inc., Frabelle Corporation, Philippine Estates Corporation, GoPro, Mac Cosmetics, Creations by Lourd Ramos, Grey Goose, Janylin, and Albert Kurniawan.

Remittances unlikely to be affected by Saudi-Iran rift, but OFWs advised to save
MSN - 2016-01-08
Remittances from Filipino workers in Saudi Arabia and Iran will be unaffected by the growing tensions between the two countries, a pro-migrant advocate said Friday. Kabalikat ng Migranteng Pilipino (KAMPI) president Luther Calderon said economists have ...

New betting machines at MMTC
Manila Bulletin - 2016-01-08
Races held last Tuesday and Wednesday posted anemic sales due to the non-operation of countless off-track betting stations that have been used by Metroturf and PRCI in partnership with service provider Global Versatech to give way to the change.

New betting machines at MMTC
Manila Bulletin - 2016-01-08
Races held last Tuesday and Wednesday posted anemic sales due to the non-operation of countless off-track betting stations that have been used by Metroturf and PRCI in partnership with service provider Global Versatech to give way to the change.

COCKTALES | 'Business as usual' as only P10M, not P1.8B bank accounts garnished so far - LBC
interaksyon.com - 2016-01-08
LBC Express Holdings told the Philippine Stock Exchange Thursday that it was conducting "business as usual" as only less than P10 million and not P1.8 billion in bank accounts had been garnished by the Philippine Deposit Insurance Corp. LBC Express ...

NGCP appeals for public support in securing transmission facilities
news.pia.gov.ph - 2016-01-08
Although there were no recorded threats or bombing incidents affecting NGCP transmission lines in North Luzon, Gaydowen said that they are still on heightened alert following the bombing of one of the towers of the Lepanto Consolidated Mining Corporation ...

When vision and execution pay off
thestandard.com.ph - 2016-01-08
Lopez Holdings Corp. (formerly Benpres) of the Lopez family that owns stakes in ABS-CBN, Rockwell, construction and renewable energy showed an average increase in sales per year of 46 percent. Alliance Global Group Inc., the real estate, liquor ...

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

BOI-approved investments create new jobs
news.pia.gov.ph - 2016-01-07
... Violago Water & Power Ltd. Co. (P69.13 billion), San Buenaventura Power Ltd. Co. (P49.45 billion), and Semirara Mining and Power Corporation (P29.50 billion). Overall, energy related investment projects aggregated a total of P246.42 billion (from 55 ...

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

P10 million worth of LBC Express bank deposits garnished
BusinessMirror. - 2016-01-07
Courier LBC Express Holdings Inc. on Thursday said only a portion of its bank deposits was garnished by the court in the P1.8-billion complaint filed by state-owned Philippine Deposit Insurance Corp. (PDIC) against the shuttered LBC Development Bank.

LBC takes steps to ensure payments amid garnishments
Manila Bulletin - 2016-01-07
LBC Express Holdings, Inc. disclosed that subsidiary courier and remittance firm LBC Express, Inc. needs to take measures and find alternative channels of payments to its suppliers, lessors and other counterparties after a local court started to garnish ...

Share offering awaiting SEC approval now totals P42.9B
Manila Bulletin - 2016-01-07
Last year, Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group, Inc. and Italpinas Development Corp. entered the stock market via maiden share sale. This was below the target earlier made by the Philippine Stock Exchange (PSE ...

Share offering awaiting SEC approval now totals P42.9B
Manila Bulletin - 2016-01-07
Last year, Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group, Inc. and Italpinas Development Corp. entered the stock market via maiden share sale. This was below the target earlier made by the Philippine Stock Exchange (PSE ...

Investments okayed by BoI up 3% to P366.74B in 2015
The Daily Tribune - 2016-01-07
... Violago Water & Power Ltd. Co. (P69.13 billion); San Buenaventura Power Ltd. Co. (P49.45 billion); and Semirara Mining and Power Corporation (P29.50 billion). Overall, energy related investment projects aggregated a total of P246.42 billion (from 55 ...

Garnishment of LBC assets starts
Inquirer - 2016-01-07
COURIER and remittance group LBC Express is bracing for administrative and operational challenges as the garnishment of its bank accounts started in line with a P1.8-billion collection claim filed by the state-controlled Philippine Deposit Insurance Corp ...

MJC group opens 20-story deluxe hotel in Manila
Inquirer - 2016-01-07
Cruz. Winford Hotel seeks to serve the need for quality hotels near Binondo and the cultural center of Manila. MJC Investments Corp. (MIC) held the ceremonial opening of Winford Hotel with a lion dance, a lion-eye dotting (awakening of the dragon ...

Manila Jockey Club affiliate opens new gaming venue in the Philippines
CalvinAyre.com - 2016-01-07
An affiliate of the Manila Jockey Club has opened a new gaming venue in the Philippine capital, Manila. In a filing to the Philippine Stock Exchange, the Manila Jockey Club said a new gaming and entertainment zone opened on the ground floor of the Winford ...

Manila Jockey Club associate marks gaming venue launch
ggrasia.com - 2016-01-07
An associate company to Manila Jockey Club Inc - a provider of licensed horse racing - held on Wednesday an opening for a new gaming venue in the Philippine capital Manila. The Manila Jockey Club said so in a filing to the Philippine Stock Exchange.

The coolest airplane seat ever
CNN Money - 2016-01-06
Panasonic's new airplane seat, shown at CES 2016, could be the answer for frequent fliers' demand for better in-flight entertainment. Pretty much everything about flying stinks, including those dinky little screens that airlines glue to the back of the ...

Betting terminal pullout disrupts MetroTurf races
MSN - 2016-01-06
For unknown reasons, the PRCI management stopped the use of a good number of betting terminals last Jan. 5, causing a very big drop in sales. The facilites were jointly used by MMTC (MetroTurf) and PRCI for several months through their common service ...

MJC Investments opens P3.7-b entertainment hub
Manila Standard Today - 2016-01-06
MJC Investments Corp., the property unit of racetrack operator Manila Jockey Club Inc., on Wednesday opened its P3.7-billion hotel and entertainment complex within the San Lazaro Tourism and Business Park in Sta. Cruz, Manila. MJC Investments said in a ...

MJC Investments opens P3.7-b entertainment hub
thestandard.com.ph - 2016-01-06
MJC Investments Corp., the property unit of racetrack operator Manila Jockey Club Inc., on Wednesday opened its P3.7-billion hotel and entertainment complex within the San Lazaro Tourism and Business Park in Sta. Cruz, Manila. MJC Investments said in a ...

LBC Express to remain open despite P1.8-billion lawsuit
BusinessMirror - 2016-01-06
PUBLICLY listed courier LBC Express Holdings Inc., a company led by the Araneta family, said it is hoping for the immediate resolution of its P1.8-billion lawsuit from Philippine Deposit Insurance Corp. (PDIC) but assured it remains business as usual ...

Read-Along crowns new festival king
Inquirer Lifestyle - 2016-01-06
Also at the festival were Read-Along ambassadors Cathy Untalan-Vital, Nash Aguas, Alexa Ilacad and Bianca Umali; 2015 Miss Philippines-Earth Angelia Ong; GMA 7 actor Miggy Jimenez; actress Ella Guevara; 2015 Metrobank Foundation Outstanding Teacher Amcy ...

LBC Express to remain open despite P1.8-billion lawsuit
BusinessMirror. - 2016-01-06
PUBLICLY listed courier LBC Express Holdings Inc., a company led by the Araneta family, said it is hoping for the immediate resolution of its P1.8-billion lawsuit from Philippine Deposit Insurance Corp. (PDIC) but assured it remains business as usual ...

PSBank sets aside funds for NGOs serving under-privileged kids
BusinessMirror. - 2016-01-06
The Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, is committed to helping change the lives of underprivileged children and turned over a charitable amount to its chosen partner non-governmental organizations. The bank ...

Suntech completes solar farm in Valenzuela
BusinessMirror. - 2016-01-06
Suntech President Victor Xiong said the solar farm, the largest urban photovoltaic (PV) installation in the Philippines, will provide a reliable ... It will showcase its products such as the HyPro with PERC technology, whose average cell efficiency in ...

Suntech completes solar farm in Valenzuela
BusinessMirror. - 2016-01-06
Suntech President Victor Xiong said the solar farm, the largest urban photovoltaic (PV) installation in the Philippines, will provide a reliable ... It will showcase its products such as the HyPro with PERC technology, whose average cell efficiency in ...