Cebu Air parent sees low oil cost bonanza offsets risks to demand
Manila Bulletin - 2016-01-25
JG Summit Holdings, Inc. expects its Philippine budget airline to carry a million more passengers this year, as decade-low prices for crude oil flow through to cheaper fares. Cebu, Air Inc. will probably carry more than 19 million passengers this year, up ...

Cityland presents projects
Manila Bulletin - 2016-01-25
Cityland, a pioneering developer known for its delivery of projects on time or ahead of schedule, has conducted an openhouse for its two projects, namely Grand Central Residences and Pines Peak Tower 1. This was held in the third week of this month.

Keppel unifies asset management businesses under Keppel Capital
MSN - 2016-01-25
The multi-faceted firm takes its asset management business a notch higher as it reveals plans plans to consolidate its interests in business trust, REIT, and fund management businesses under Keppel Capital Holdings. According to a press release by Keppel ...

Stocks poised for major but temporary recovery
MSN - 2016-01-24
Severely battered from a global sell-off, Philippine equities may be nearing the end of the first part of a downtrend, with prices poised to ride into a major but temporary recovery to the 6,600 to 6,700 or even up to 7,000, COL Financial Chief Technical ...

Cebu Air Parent Sees Oil Bonanza Trumping Risks to Demand
Bloomberg - 2016-01-23
JG Summit Holdings Inc. expects its Philippine budget airline to carry a million more passengers this year, as decade-low prices for crude oil flow through to cheaper fares. Cebu Air Inc. will probably carry more than 19 million passengers this year, up ...

Palace happy over favorable assessments on PH economy by foreign rating agencies
news.pia.gov.ph - 2016-01-23
Secondly, Quezon said Fitch Ratings expects more foreign banks setting up shops in the Philippines to open their offices after the Security Bank and Bank of Tokyo Mitsubishi deal. Another item is the NICE (National Information and Credit Evaluation ...

Panasonic sees minimum 20% sales growth in 2016
Manila Bulletin - 2016-01-23
Panasonic Philippines Vice President Masaru Toyota cited the growing Philippine economy and the improving incomes of Filipinos that would enable them to buy or upgrade their home appliances. This has led Panasonic to promote more value-added products or ...

Ayala, Lucio Tan in landmark property JV
Manila Bulletin - 2016-01-22
Corporate giants Ayala Land, Inc. (ALI) and LT Group, Inc. (LTG) have entered into a landmark agreement to jointly develop a project along the C5 corridor which is fast transforming from a factory-warehouse center into a bustling commercial and office ...

Ayala, Lucio Tan team up in C5 lot
thestandard.com.ph - 2016-01-22
Property developer Ayala Land Inc. and LT Group Inc., the investment company of tycoon Lucio Tan, signed a partnership to jointly develop a 35-hectare property along the C5 corridor. Ayala Land and LT Group said in a joint disclosure to the stock exchange ...

Panasonic seeks to double sales in PH by 2018
Manila Standard Today - 2016-01-21
Panasonic Manufacturing Philippines Corp. said it expects to double sales by 2018 and improve market share in the consumer durable lines, especially in the washing machine and air-conditioning segments. PMPC vice president Masaru Toyota said the company ...

Panasonic seeks to double sales in PH by 2018
thestandard.com.ph - 2016-01-21
Panasonic Manufacturing Philippines Corp. said it expects to double sales by 2018 and improve market share in the consumer durable lines, especially in the washing machine and air-conditioning segments. PMPC vice president Masaru Toyota said the company ...

Keppel Corporation's (KPELF) CEO Loh Chin Hua on Q4 2015 Results - Earnings Call Transcript
MSN - 2016-01-21
In addition to handing over seven quality jackups in 2015, Keppel Offshore & Marine also delivered several non-drilling solutions to our customers throughout the year. This included a depletion compression platform to Shell Philippines Exploration and a ...

SLI to list P4-B fixed rate bonds at PDS
Manila Bulletin - 2016-01-21
Sta. Lucia Land, Inc. (SLI) is bringing to the local debt market its maiden issuance and listing of the P4-Billion Fixed Rate Bonds Series A Due 2018 and Series B Due 2021. SLI Series A and Series B Fixed Rate Bonds, which have been rated AA+ by Credit ...

The Dark Knight Rises
BusinessMirror. - 2016-01-20
This one-of-a-kind gala night was held recently at the Dusit Thani Hotel in Makati City. Berjaya Auto Philippines President and CEO Steven Tan (center) together with fashion designer Mark Bumgarner (fourth from left) and Love Marie Escudero (a.k.a. Heart ...

SLI to list P4-B fixed rate bonds at PDS
Manila Bulletin - 2016-01-20
Sta. Lucia Land, Inc. (SLI) is bringing to the local debt market its maiden issuance and listing of the P4-Billion Fixed Rate Bonds Series A Due 2018 and Series B Due 2021. SLI Series A and Series B Fixed Rate Bonds, which have been rated AA+ by Credit ...

How OnePlus and Xiaomi are fighting the big brands
Economic Times - 2016-01-20
Even the recent billboards, says Sarin is retail partner Amazon. com's initiative. Anisha Motwani, marketing and digital strategist with the Max Group of companies points out, "Youngsters hardly look at ads these days. There's no content for them on TV.

How OnePlus and Xiaomi are fighting the big brands
Economic Times - 2016-01-20
Even the recent billboards, says Sarin is retail partner Amazon. com's initiative. Anisha Motwani, marketing and digital strategist with the Max Group of companies points out, "Youngsters hardly look at ads these days. There's no content for them on TV.

How OnePlus and Xiaomi are fighting the big brands
Economic Times - 2016-01-20
Even the recent billboards, says Sarin is retail partner Amazon. com's initiative. Anisha Motwani, marketing and digital strategist with the Max Group of companies points out, "Youngsters hardly look at ads these days. There's no content for them on TV.

METROPOLITAN BANK AND TRUST COMPANY
Economic Times - 2016-01-20
Venkataramanan, also known as Venkat, has accused the ousted Tata Sons chairman and others of making false statements against him, damaging his reputation. There are also allegations that Chandra fraudulently took the money of his clients and used a shell ...

METROPOLITAN BANK AND TRUST COMPANY
Economic Times - 2016-01-20
Metropolitan Magistrate Lovleen gave time till July 22 to them after their counsel submitted that they have not received a copy of the application of Swamy. Venkataramanan, also known as Venkat, has accused the ousted Tata Sons chairman and others of ...

China offers banks $91B ahead of Lunar New Year
MSN - 2016-01-19
SHANGHAI -- China's central bank has pledged more than 600 billion yuan ($91 billion) in funding support for banks to provide sufficient liquidity around the traditional Chinese New Year, when demand for cash surges. Chinese companies typically pay ...

Negotiate Filinvest contract'
Visayan Daily Star - 2016-01-19
yesterday reiterated his call on the members of the Board of Directors of the electric cooperative to initiate the re-negotiation for the alleged onerous provisions of the Filinvest Development Corporation Utilities Inc. contract. This is to relieve the ...

Ayala Land not in a rush to tap capital market
MSN - 2016-01-18
"The timing is still a variable because we have short-term lines we can draw on in the meantime. Once we reach a certain amount, that's the time we can go for a bond issue to refinance short-term [debt]," ALI Chief Finance Officer Jaime E. Ysmael told ...

Elanvital Enclaves to launch P1.3-billion project in Cavite
BusinessMirror. - 2016-01-18
EVE is part of a conglomerate with various business ventures, which include Asia United Bank, Republic Biscuit Corp., Oakwood Premier Joy~Nostalg and Crystal Jade. Rizal Raoul Reyes is a contributor for the BusinessMirror. Like his story online via the ...

NGCP asks locals to secure Ilocos transmission towers from bombing
news.pia.gov.ph - 2016-01-18
The NGCP was on heightened alert in the Ilocos area last month following the bombing of a tower owned by the Lepanto Consolidated Mining Corp. in Mankayan, Benguet. To further assure the safety of the power transmission lines in the Ilocos, the NGCP also ...

Oh Snap! Dad's Drawings of His Baby Take It to the Next Level
MSN - 2016-01-18
Costeur joins a pretty solid group of viral parenting snaps and trends. (Remember when parents were using Snapchat filters to scare kids?) While Snapchat is traditionally beloved by teens and millennials, the app is on the verge of its "mom moment."

City Savings Bank to add 15 branches in Luzon, Visayas
BusinessMirror. - 2016-01-18
City Savings Bank--the thrift bank arm of Union Bank of the Philippines--is set to add 15 more branches this year to reach more customers in Luzon and the Visayas. Union Bank Executive Vice President Genaro Lapez said at the sidelines of the news ...

Aboitiz-led thrift bank to open 10-15 branches
MSN - 2016-01-18
CITY SAVINGS Bank, Inc. (CSB) -- the thrift bank of Aboitiz-led Union Bank of the Philippines, Inc. (UnionBank) -- is looking to open more branches this year as it expands its presence in its core market. UnionBank Executive Vice-President for Strategic ...

Central Azucarera de Tarlac INSIDERS ON Board Members
Bloomberg - 2016-01-18
Martin Lorenzo 6 Relationships Chairman of The Board, Chief Executive Officer, Chairman of Executive Committee, Chairman of Compensation Committee, Member of Audit Committee and Member of Nomination Committee 49 Fernando Cojuangco 6 Relationships President ...

Italpinas gets IFC approval for green building certification
BusinessMirror - 2016-01-18
ITALPINAS Development Corp. has secured a greenlight to use the green-building certification of International Finance Corp. (IFC) called EDGE, or short for Excellence in Design for Greater Efficiencies, to one of its developments. The company said IFC ...

Senate OKs additional maternity leaves for employees
Philippine Daily Inquirer - 2016-01-18
Singapore, on the other hand, provides 112 days of maternity leave. Meanwhile, Cambodia, Indonesia, Lao PDR, Myanmar, and Thailand all provide a maternity leave period of 84 days, Cayetano said in her sponsorship speech. She said the bill, known as the ...

Crown Asia boosts PVC compound capacity
Manila Bulletin - 2016-01-18
Crown Asia Chemicals Corporation (Crown Asia), manufacturer of premium PVC compounds and world-class Crown Pipes, is expanding its compounding capacity by 10 percent to 16,500 metric tons per year (MTPY). In a disclosure to the Philippine Stock Exchange ...

Crown Asia boosts PVC compound capacity
Manila Bulletin - 2016-01-18
Crown Asia Chemicals Corporation (Crown Asia), manufacturer of premium PVC compounds and world-class Crown Pipes, is expanding its compounding capacity by 10 percent to 16,500 metric tons per year (MTPY). In a disclosure to the Philippine Stock Exchange ...

Ayala Corp. sets sights on P311-B infrastructure deals
MSN - 2016-01-17
Ayala Corp. is studying bidding for three more infrastructure projects worth about P311 billion ($6.5 billion) under President Benigno Aquino III's flagship public-private partnership (PPP) program, a company official said. The government has approved ...

Crown Chemicals to hike capacity of compounds business
BusinessMirror. - 2016-01-17
PIPES maker Crown Asia Chemicals Corp. said it increased the capacity of its compounds-manufacturing plant by 10 percent. The company that manufactures its own brand of pipes and fittings said it received a new line of machines from Germany that will ...

Italpinas gets IFC approval for green building certification
BusinessMirror. - 2016-01-17
ITALPINAS Development Corp. has secured a greenlight to use the green-building certification of International Finance Corp. (IFC) called EDGE, or short for Excellence in Design for Greater Efficiencies, to one of its developments. The company said IFC, the ...

LBC Express says PDIC is responsible for impact of claims suit on business
MSN - 2016-01-17
LBC Express Inc. is holding the state-run Philippine Deposit Insurance Corp. (PDIC) liable for any damage the seizure order on its assets will have on business, operations and financial condition. "Appropriate action will be taken to lift, discharge, and ...

Deliver raw sugar, planters ask mill
Visayan Daily Star - 2016-01-17
The VICMICO Planters Association is demanding that Victorias Milling Co. deliver to it the planters' share of raw milled sugar involving millions of pesos. The demand letter of the planters, represented by Aurelio Valderrama Jr., Jose Maria Montinola ...

Companies waiting out IPO plans this year
BusinessMirror. - 2016-01-17
Its deals include the P1.4-billion IPO of Xurpas Inc. in 2014 and the follow-on offering of Cirtek Holdings Philippines Inc. and Integrated Micro-Electronics Inc. last year. Last year, at least two large companies that have already hurdled regulatory ...

Cityland to launch 2 new projects
philstar.com - 2016-01-17
MANILA, Philippines - Cityland has launched two new residential projects in Mandaluyong City. Construction of the two projects, Grand Central Residences and Pines Peak Tower 1, are ongoing, Cityland said. Grand Central Residences, located along EDSA ...

Oil prices plunge below $30 amid supply glut
MSN - 2016-01-16
NEW YORK - Oil prices on Friday plummeted to below $30 a barrel as the expected increase in Iranian crude exports added to oversupply concerns. Global oil prices are hovering near 12-year lows as the market braces for a surge of Iranian oil exports once ...

Winford Hotel set to invade heart of Greater Chinatown
BusinessMirror. - 2016-01-15
OFFICIALS of the MJC Investments Corp. (MIC), along with representatives of the Philippine Amusement and Gaming Corp., has launched its newest project, the Winford Hotel at the San Lazaro Business and Tourism Park in Santa Cruz, Manila. Present during the ...

Dispo tapped as adviser to PBCom, Cosco Capital
4 Traders - 2016-01-15
MANILA, Philippines Seasoned investment banker Roberto Juanchito Dispo has joined Cosco Capital and Philippine Bank of Communications as adviser to the respective firms' board of directors. Businessman Lucio Co owns both Cosco Capital and PBCom. For Cosco ...

Winford Hotel set to invade heart of Greater Chinatown
BusinessMirror - 2016-01-15
OFFICIALS of the MJC Investments Corp. (MIC), along with representatives of the Philippine Amusement and Gaming Corp., has launched its newest project, the Winford Hotel at the San Lazaro Business and Tourism Park in Santa Cruz, Manila. Present during ...

Winford Hotel set to invade heart of Greater Chinatown
BusinessMirror. - 2016-01-15
OFFICIALS of the MJC Investments Corp. (MIC), along with representatives of the Philippine Amusement and Gaming Corp., has launched its newest project, the Winford Hotel at the San Lazaro Business and Tourism Park in Santa Cruz, Manila. Present during the ...

MPIC-Ayala Corp. joint venture to pour P10B into rehab of LRT-1
interaksyon.com - 2016-01-15
MANILA - A joint venture of Metro Pacific Investments Corp. and Ayala Corp. is pouring in $200 million to rehabilitate LRT Line 1, Southeast Asia's oldest metro rail system. "Our primary purpose is to serve the public and to get reasonable returns ...

MPIC-Ayala Corp. joint venture to pour P10B into rehab of LRT-1
interaksyon.com - 2016-01-15
MANILA - A joint venture of Metro Pacific Investments Corp. and Ayala Corp. is pouring in $200 million to rehabilitate LRT Line 1, Southeast Asia's oldest metro rail system. "Our primary purpose is to serve the public and to get reasonable returns ...

REFILE-Philippines' Ayala sets sights on $6.5 bln infrastructure deals
Reuters - 2016-01-15
MANILA Jan 15 (Reuters) - The Philippines' Ayala Corp is studying bidding for three more infrastructure projects worth about 311 billion pesos ($6.5 billion) under President Benigno Aquino's flagship Public-Private Partnership (PPP) programme, a company ...

MUFG buys into Security Bank
thestandard.com.ph - 2016-01-14
The Bank of Tokyo-Mitsubishi UFJ Ltd., the largest bank in Japan, on Thursday sealed an agreement to acquire 20 percent of Security Bank Corp. for $782 million or P36.9 billion. Security Bank chairman Alberto Villarosa said the transaction represented the ...

Bank of Tokyo-Mitsubishi buys into SBC
Manila Bulletin - 2016-01-14
Bank of Tokyo-Mitsubishi UFJ (BTMU) has purchased 20 percent of Security Bank Corp. for $782 million (P36.94 billion) in a private placement deal that will see through the first half of the year. Under the agreement, BTMU will acquire newly issued primary ...