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 ...

URC reports P12.5-billion net profit in fiscal year, up by 7.3%
Manila Bulletin - 2016-01-14
Universal Robina Corporation (URC) reported a 7.3 percent improvement in net income to P12.51 billion for the fiscal year ending September 30, 2015 from the P11.66 billion earned in the previous fiscal year. In a disclosure to the Philippine Stock Exchange ...

URC reports P12.5-billion net profit in fiscal year, up by 7.3%
Manila Bulletin - 2016-01-14
Universal Robina Corporation (URC) reported a 7.3 percent improvement in net income to P12.51 billion for the fiscal year ending September 30, 2015 from the P11.66 billion earned in the previous fiscal year. In a disclosure to the Philippine Stock Exchange ...

Security Bank, Bank of Tokyo-Mitsubishi UFJ forge strategic tie-up; BTMU to hold 20% stake
MSN - 2016-01-14
MANILA - Security Bank Corporation and The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU), the commercial banking entity of Mitsubishi UFJ Financial Group (MUFG), jointly announced Thursday a strategic partnership agreement which will result in BTMU becoming ...

Hundreds of People Crowded at a 7-Eleven in California, Where a Powerball Winning Ticket was Bought
MSN - 2016-01-13
A spokesman for the California lottery says, one of the winning tickest in Wednesday night's record $1.5 billion Powerball jackpot was sold in suburban Los Angeles. A spokesman for that state's lottery said, the ticket was sold at a 7-Eleven in Chino Hills ...

COCKTALES | Bautista raids PCGG to fill Comelec positions, spreads electoral gravy
MSN - 2016-01-13
Security Bank president Alfonso Salcedo Jr., less than a year into his seat, was apparently on to something when he expended his 13th month pay into buying a total of 35,000 SECB shares last month. The month before, Salcedo scooped another 30,000 SECB ...

Japanese giant buys into Security Bank for P37 B
MSN - 2016-01-13
Security Banking Corp. and the Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) inked yesterday a P36.9-billion deal, the largest equity transaction involving a financial institution by a foreign investor in the Philippines. The deal would make Security Bank the ...

Exchange ordered to seize LBC stocks, assets
Manila Standard Today - 2016-01-13
Araneta Properties Inc., another Araneta-led listed company, said it had not received any notice of garnishment from any court or tribunal relating to company shares owned by LBC Express. "In the event that we receive a notice of garnishment, said ...

Exchange ordered to seize LBC stocks, assets
thestandard.com.ph - 2016-01-13
The Philippine Stock Exchange said Monday it received an order from the Makati regional trial court to seize the stocks and personal properties of LBC Express Holdings Inc. The order stemmed from the P1.8-billion collection case filed by state-run ...

Manila Water signs deal to serve Ayala projects
thestandard.com.ph - 2016-01-13
Manila Water Co. Inc. signed an agreement to provide water and used water services to all real estate developments of Ayala Land Inc. as well as its subsidiaries and affiliates. Manila Water said in a disclosure to the stock exchange wholly-owned unit ...

SPC Power seeking review of Naga plant decision
thestandard.com.ph - 2016-01-13
SPC Power Corp. said it will ask the Supreme Court to reconsider its decision on the sale of the 153.1-megawatt Naga power plant complex in Cebu. SPC Power senior vice president Alfredo Ballesteros said in a statement while the company was willing to ...

Ayala Land taps sister firm for its water needs
BusinessMirror - 2016-01-13
Ayala Land Inc. on Wednesday said it has tapped the services of its sister company Manila Water Co. Inc. across all the real-estate assets of the property company in the Philippines, which include its resorts in Palawan and all of its hotel operations ...

Vista Land to issue more US dollar notes
Manila Bulletin - 2016-01-13
Meanwhile, Vista Land & Lifescapes Inc. started on January 4, 2016 its P4.46 billion tender offer for the minority shares of subsidiary Starmalls Inc. on January 4, 2016. In disclosures to the PSE, Starmalls and Vista Land said Vista Land will buy 989.76 ...

Vista Land to issue more US dollar notes
Manila Bulletin - 2016-01-13
Vista Land & Lifescapes, Inc., through wholly-owned subsidiary VLL International, Inc., is considering the offering of more US dollar-denominated Notes under its $1-billion Medium-Term Note Program. In a disclosure to the Philippine Stock Exchange (PSE ...

PSALM eyes auction of Unified Leyte capacity
BusinessMirror - 2016-01-13
Only one firm, Unified Leyte Geothermal Energy Inc. (ULGEI), submitted a bid. Trans-Asia Oil and Energy Development Corp. and ULGEI were the only participants who complied with the requirements for the bidding. Four firms earlier participated in the pre ...

PSE receives seizure order on LBC Express assets
GMA Network - 2016-01-13
The Philippine Stock Exchange (PSE) has received a notice of garnishment against the assets owned by LBC Express Holdings Inc. to cover P1.824 billion in a claims suit against LBC Express and other defendants in the case. "The said Notice advises the ...

Contract Logistics Market in Philippines 2015-2019 - With 2GO Group, Kuehne + Nagel International, Lorenzo Shipping and UPS Dominating the Market
GlobeNewswire - 2016-01-13
Dublin, Jan. 13, 2016 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/mwn6zj/contract) has announced the addition of the "Contract Logistics Market in Philippines 2015-2019" report to their offering. The rise in ...

BCDA partners with real estate firm for development of mixed-use property inside Clark Green City
news.pia.gov.ph - 2016-01-13
CITY OF SAN FERNANDO, Pampanga, January 13 (PIA) -- State-owned Bases Conversion and Development Authority (BCDA) has entered into a Joint Venture Agreement (JVA) with real estate firm Filinvest Land, Inc. for the development of a 288-hectare mixed-use ...

Ayala Land, Manila Water sign wide-ranging waterworks deal
GMA Network - 2016-01-13
The memorandum of agreement (MOA) was signed on Tuesday by Ayala Land and its subsidiaries and affiliates Cebu Holdings Inc. and Cebu Property Ventures and Development Corp. Manila Water Philippine Ventures Inc. (MWPV), a wholly-owned subsidiary of Manila ...

Stock market collapse?
Manila Standard Today - 2016-01-13
The family and siblings of Oscar Lopez in their family holding company Lopez Holdings also lost 12 percent of their wealth in a week. Andrew Tan of Alliance Global Group, his property, liquor and burger holding company, has shed 9.3 percent of his wealth ...

Distil Networks Acquires Sentor ScrapeScentry to Add 24/7 Security Operations Center and Expert Team of Analysts
MSN - 2016-01-12
With ScrapeSentry's strong security pedigree and background in managed services, the team's hands-on, granular approach will provide our customers with dedicated SOC resources along with even faster response times." -- Rami Essaid, co-founder and CEO of ...

Solar power glut feared in Negros
thestandard.com.ph - 2016-01-12
Aboitiz Power Corp. has expressed concern over the stability of the Visayas grid in the wake of the strong concentration of solar power projects in the area, an official said. Aboitiz Power chief executive Erramon Aboitiz told reporters that as much as 300 ...

Republic Cement to delist shares from local bourse
thestandard.com.ph - 2016-01-12
Republic Cement & Building Materials Inc., formerly Lafarge Republic Inc., said Tuesday it plans to delist its shares from the Philippine Stock Exchange on March 15. Republic Cement said in a public announcement its board of directors approved and ...

IMI to showcase power modules in Japan exhibit
BusinessMirror - 2016-01-12
AYALA-LED Integrated Micro-Electronics Inc. (IMI) said it will participate in the 45th InterNepcon Japan trade show at the Tokyo International Exhibition Center from January 13 to 15 to showcase its power modules in a move to attract original equipment ...

IMI to showcase power modules in Japan exhibit
BusinessMirror. - 2016-01-12
AYALA-LED Integrated Micro-Electronics Inc. (IMI) said it will participate in the 45th InterNepcon Japan trade show at the Tokyo International Exhibition Center from January 13 to 15 to showcase its power modules in a move to attract original equipment ...

Cirtek invests in US start up firm
Philstar - 2016-01-12
MANILA, Philippines - 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 ...

Max's Group Inc. Brings Yellow Cab Pizza to China
chinatopix.com - 2016-01-12
In a bid to expand overseas, Max's Group Inc. will be opening a number of Yellow Cab pizza branches in China to tap into with the country's growing $2 billion pizza market. (Photo : YouTube Screenshot) It looks like Chinese customers will soon be seeing ...

Harbor Star Shipping taps Globe Business for M2M Solutions
GMA Network - 2016-01-12
Leading provider of marine services Harbor Star Shipping Services, Inc. (HSSSI) has tapped Globe Business, the information and communication technology (ICT) arm of Globe Telecom, to provide trackers that will monitor the fleet operations of HSSSI.

COCKTALES | Trading suspension looms as 84% of LBC Express shares now garnished
MSN - 2016-01-12
The garnishment of LBC Development could wash over to another listed company controlled by their cousins, Araneta Properties, since the wholly-owned subsidiary LBC Express owns nearly 12.5 percent of the listed property company of Marcos son-in-law ...

Listed Cirtek invests in ICT firm CloudMondo
interaksyon.com - 2016-01-11
MANILA, Philippines -- Publicly listed Cirtek Holdings Corp has invested in CloudMondo, a startup company that aims to roll-out an international high-bandwidth wireless backhaul network. "In much of the developing world, WiFi access is too expensive and ...

Sun Life AUM breaches P50 B mark
MSN - 2016-01-11
Assets under management (AUM) of Sun Life Asset Management Co. Inc. (SLAMCI) breached the P50 billion mark, hitting P50.68 billion in end-December 2015. Contributing to the latest performance was the Sun Life Prosperity Equity Fund, which remains the top ...

Oil firms cut pump prices anew
MSN - 2016-01-11
Phoenix Petroleum Philippines Inc., PTT Philippines Corp. and Unioil Petroleum Philippines Inc. also implemented similar price adjustments on diesel and gasoline products. The rollback was to "reflect the downward price movements of petroleum products in ...

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 ...