Filinvest sets P44-billion capex
MSN - 2016-01-04
FILINVEST Development Corp. (FDC) is hiking its capital expenditure (capex) budget by nearly half this year, mainly to support the expansion of its real estate and power generation businesses. FDC Investor Relations Officer Ana Regina A. Santillan told ...

Cirtek appoints Dispo as president
Manila Standard Today - 2016-01-04
Technology firm Cirtek Holdings Philippines Corp. said Monday it hired investment banker Roberto Juanchito Dispo as president and vice chairman and Filipino entrepreneur and Silicon Valley pioneer Diosadado Banatao as adviser to the board, as it gears up ...

Cirtek appoints Dispo as president
thestandard.com.ph - 2016-01-04
Technology firm Cirtek Holdings Philippines Corp. said Monday it hired investment banker Roberto Juanchito Dispo as president and vice chairman and Filipino entrepreneur and Silicon Valley pioneer Diosadado Banatao as adviser to the board, as it gears up ...

Cirtek beefs up management, hires Dispo, Banatao
Inquirer - 2016-01-04
Laguna-based electronics manufacturer Cirtek Holdings Philippines Corp. has named a top local investment banker its new president and the most famous Filipino-American technopreneur in Silicon Valley new adviser to the board, in a bid to raise its profile ...

PSALM to cut Mindanao supply by 290MW
Manila Bulletin - 2016-01-04
The first block of the 300MW Davao coal-fired power plant of the Aboitiz group is already on commercial operations; while the next ones would be the 105MW Sarangani coal plant of the Alsons group; the preliminary phase of the 300MW San Miguel coal plant ...

Court orders LBC Express properties seized in P1.8-B claims suit by PDIC
GMA Network - 2016-01-04
LBC Express Holdings Inc. on Monday said it has received a summons and a writ of preliminary attachment, stemming from the civil cases filed against it by the shuttered LBC Development Bank. The summons and the writ of attachment were served on December 28 ...

Dispo, Banatao join Cirtek
Inquirer - 2016-01-04
LAGUNA-based electronics manufacturer Cirtek Holdings Philippines Corp. has named a top local investment banker its new president and the most famous Filipino-American technopreneur in Silicon Valley new adviser to the board, in a bid to raise its profile ...

Aboitiz Power unit seals 2 yr supply deal
Philstar - 2016-01-04
MANILA, Philippines - A unit of Aboitiz Power Corp. has forged a two-year supply agreement with the Cotabato Light and Power Co. Inc. (CLPC). In a joint application with the Energy Regulatory Commission (ERC), Therma Marine Inc. (TMI) and CLPC are ...

Xurpas eyes more acquisitions, regional expansion
Philstar - 2016-01-04
MANILA, Philippines - Xurpas Inc. is targeting to conquer Southeast Asia through more acquisitions possibly this year as it seeks to expand in the region, its top official said. "Our goal really is to create, at minimum, a regional footprint," said ...

Cirtek Holdings hires banker Dispo, Silicon Valley pioneer Banatao
Rappler - 2016-01-04
MANILA, Philippines -- Cirtek Holdings Philippines Corporation on Monday, January 4, announced that it hired investment banker Roberto Juanchito Dispo as president and vice chairman and Filipino entrepreneur and Silicon Valley pioneer Diosdado Banatao as ...

PDIC sues LBC Express for P1.8B unpaid service fees
Manila Bulletin - 2016-01-04
The Philippine Deposit Insurance Corporation (LBC), representing LBC Development Bank Inc., is suing LBC Express Holdings Inc. (LDBI) for P1.8 billion in "unpaid service fees." In a disclosure to the Philippine Stock Exchange, LBC Express Holdings said ...

PDIC sues LBC Express for P1.8B unpaid service fees
Manila Bulletin - 2016-01-04
The Philippine Deposit Insurance Corporation (LBC), representing LBC Development Bank Inc., is suing LBC Express Holdings Inc. (LDBI) for P1.8 billion in "unpaid service fees." In a disclosure to the Philippine Stock Exchange, LBC Express Holdings said ...

Cirtek beefs up management, gears up for acquisitions
Manila Bulletin - 2016-01-04
Cirtek Holdings Philippines Corporation or Cirtek Group is beefing up its management team as it gears up for acquisitions in the technology sector locally and overseas. In a disclosure to the Philippine Stock Exchange (PSE), Cirtek announced the ...

Cirtek beefs up management, gears up for acquisitions
Manila Bulletin - 2016-01-04
Cirtek Holdings Philippines Corporation or Cirtek Group is beefing up its management team as it gears up for acquisitions in the technology sector locally and overseas. In a disclosure to the Philippine Stock Exchange (PSE), Cirtek announced the ...

Cirtek upbeat about business in 2016
GMA Network - 2016-01-04
Cirtek Holdings Philippines Corp., the listed manufacturer and maker of semiconductor devices, is banking on the performance of its broadband business this year despite the gloomy outlook by other companies. "Growth prospects are strong for 2016 as the ...

COCKTALES | PDIC garnishes P1.8B bank deposits of LBC Express
interaksyon.com - 2016-01-04
The Makati Regional Trial Court has cleared the government garnishing about P1.8 billion bank deposits of LBC Express, in an ex-parte application that apparently caught the owners of the listed cargo delivery company, the Araneta family, by surprise.

Bank of the Philippine Islands seeks $250-M syndicated loan
MSN - 2016-01-03
MANILA, Philippines - Bank of the Philippine Islands (BPI), the country's third-largest lender by assets, is seeking to raise $250 million via a syndicated three-year loan, IFR reported on Friday.

DMCI Holdings earns P12.8 B in 2015
MSN - 2016-01-03
DMCI posted a consolidated net income of P12.8 billion in 2015, up 19 percent from P10.8 billion the previous year, buoyed by the P530-million one-time gain on the sale of its 25 percent share in the Tarlac-Pangasinan-La Union Toll Expressway. The company ...

7-Eleven profit breaches P1-B mark
MSN - 2016-01-03
In the fourth quarter alone, net income grew by 21.6 percent to P492.5 million. The growth was driven by the 25.3 percent increase in sales of all corporate and franchise-operated stores to P25.8 billion. At the end of last year, the company had 1,602 ...

7-Eleven PHL makes P1B in net income
MSN - 2016-01-03
7-Eleven operator Philippine Seven Corp. saw its net income rose by more than 20 percent in the last quarter of 2015, largely through sales. Its net income grew by 21.6 percent to P492.5 million in the last quarter of 2015 from P405.0 million in 2014.

Stock market seen to start weak in 2016
thestandard.com.ph - 2016-01-03
which jumped 29.4 percent to P4.40; Benguet Corp. "A" shares which climbed 22.2 percent to P5.50; and Cebu Property Venture and Development Corp., which rose 19.7 percent to P6. Heavy losers last week were IP E-Game Ventures Inc., which fell 46 percent ...

Stock market seen to start weak in 2016
Manila Standard Today - 2016-01-03
Heavy losers last week were IP E-Game Ventures Inc., which fell 46 percent to P0.0053; Manila Mining Corp. "A" shares which dipped 9.09 percent to P0.010; and Now Corp., which shed 7.4 percent to P0.75.

EDC to pursue Chile geothermal drilling
thestandard.com.ph - 2016-01-03
The company acquired the local subsidiaries of Australian geothermal firm Hot Rock Ltd. and signed joint venture agreements with TSX-listed and global renewable energy player Alterra Power. The company completed its survey activities in GrahoNyabu in ...

Analysts manage 2016 outlook of investors
BusinessMirror. - 2016-01-03
Within the year, however, the main index could trade over a wider range from 6,400 and 8,300 mark, he said Jonathan Ravelas, chief market strategist at BDO Unibank Inc., said the bank is also cautiously optimistic on its outlook and advised investors to ...

Green groups urge 'zero votes' vs pro-mining bets
MSN - 2016-01-02
â Buatista noted that Roxasâ 2012 statement of assets, liabilities and net worth listed P120 million worth of shares in Lepanto Consolidated Mining Company ... Gordon is an independent director of Atlas Mining, while â the LPâ s common ...

China shares higher after bank move
MSN - 2016-01-02
Chinese shares traded higher on Tuesday morning after a fresh stimulus push from the country's central bank. The mainland benchmark Shanghai Composite finished the day up 1.7% at 2,733.17. On Monday, the People's Bank of China unexpectedly lowered its ...

New 7-Eleven app to help you find cheap petrol
MSN - 2016-01-02
An Australian designed app searches nearby 7-Eleven service stations to find the lowest price on fuel anywhere in the country. Djuro Sen reports.

2015 highlights of PH economy
thestandard.com.ph - 2016-01-02
That large workforce of mostly young BPO professionals with strong purchasing power fuelled consumer spending in the Philippines and created a huge demand for office space and condominium units in Metro Manila and other urban centers in the country.

APEC Schools' reply to critics: 'We're not traditional, but ours is a healthy environment'
MSN - 2016-01-01
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 â business gro ...

China official manufacturing PMI eases to 49.4 in January, misses forecasts
MSN - 2016-01-01
BEIJING - Activity in China's manufacturing sector contracted more than expected in January, missing market expectations and weaker than the previous month, an official survey showed on Monday. The official Purchasing Managers' Index (PMI) stood at 49.4 in ...

Maibarara expands geothermal project
thestandard.com.ph - 2016-01-01
PetroGreen is a wholly-owned subsidiary of publicly-listed PetroEnergy Resources Corp. The Energy Department awarded the Maibarara service contract in February 2010 following an open and competitive selection process in October 2009. It became the newest ...

2016 Year of the Monkey commemorative stamps
thestandard.com.ph - 2016-01-01
The Philippine Postal Corporation (PHLPost) released two Year of the Monkey Commemorative Stamps in time to welcome the New Year in 2016. The colorful Year of the Monkey commemorative stamps features two (2) designs, a close-up and another full image of ...

Nickel industry to tighten supply in 2016
Inquirer - 2016-01-01
Joseph C. Sy, chair of Global Ferronickel Holdings Inc., said in a statement high grade ores will continue to be scarce as this represent only about 15 percent of Philippine nickel exports. "The price of nickel is also relatively low and there is no ...

Like a holiday present, Krispy Kreme opens Baguio branch
BusinessMirror. - 2016-01-01
"Krispy Kreme will be our own legacy to the Max Group of Companies," Fuentebella said. Kripsy Kreme Baguio is at the SM Cyberzone 11.

Like a holiday present, Krispy Kreme opens Baguio branch
BusinessMirror. - 2016-01-01
"Krispy Kreme will be our own legacy to the Max Group of Companies," Fuentebella said. Kripsy Kreme Baguio is at the SM Cyberzone 11.

Like a holiday present, Krispy Kreme opens Baguio branch
BusinessMirror. - 2015-12-31
"Krispy Kreme will be our own legacy to the Max Group of Companies," Fuentebella said. Kripsy Kreme Baguio is at the SM Cyberzone 11.

Mazda2 affirms its Coty Award
BusinessMirror. - 2015-12-31
A WEEK after receiving the coveted Car of the Year award for 2015-2016 from the members of Car Awards Group Inc. (Cagi), Berjaya Auto Philippines, the official distributor of Mazda vehicles in the country, invited select members of the motoring beat for a ...

Phoenix Semiconductor delays expansion of Clarkfield facilities
BusinessMirror. - 2015-12-31
SOUTH Korean electronics manufacturer Phoenix Semiconductors Philippines Corp. said it is delaying the second phase of the expansion of its manufacturing facility in Clarkfield, Pampanga, as market demand for its products has slowed. The company said it ...

BSP approves 125 new bank branches, offices
Inquirer - 2015-12-31
Among thrift banks, the BSP approved the following additional branches and offices: BPI Family Savings Bank Inc. (19 regular branches); First Consolidated Bank Inc. (seven regular branches); Philippine Savings Bank (one regular branch); Optimum Development ...

Phoenix Semiconductor defers P8-b project in Clark
Manila Standard Today - 2015-12-30
Phoenix Semiconductor Philippines Corp., a Korean-controlled company, said it will defer the construction of an P8-billion expansion project in Clark Freeport, amid slow global demand for semiconductors. "The temporary deferral is in line with the ...

Phoenix Semiconductor defers P8-b project in Clark
thestandard.com.ph - 2015-12-30
Phoenix Semiconductor Philippines Corp., a Korean-controlled company, said it will defer the construction of an P8-billion expansion project in Clark Freeport, amid slow global demand for semiconductors. "The temporary deferral is in line with the ...

Alsons readies hydro unit next year
thestandard.com.ph - 2015-12-30
Listed Alsons Consolidated Resources Inc., which is owned by the Alcantara Group, plans to start construction of the 15-megawatt Siguil hydro power plant in Mindanao by the third quarter next year. Alsons executive vice president Tirso Santillan Jr. said ...

Alsons readies hydro unit next year
Manila Standard Today - 2015-12-30
Listed Alsons Consolidated Resources Inc., which is owned by the Alcantara Group, plans to start construction of the 15-megawatt Siguil hydro power plant in Mindanao by the third quarter next year. Alsons executive vice president Tirso Santillan Jr. said ...

The Top 5 Mid-Cap Growth Mutual Funds for 2016
Investopedia - 2015-12-30
Large-cap holdings offer stability due to established reputation and demand in the marketplace, while small-cap holdings have ample opportunity to appreciate over time. Investors benefit from including mid-cap equities ... mid-cap growth mutual funds.

How to Raise Cattle in the Backyard
businessdiary.com.ph - 2015-12-30
Mild maternal face with bright and alert eyes, good disposition, and quiet temperament. An udder of good size and shape. An udder that is soft, flexible, and spongy to the touch, not fleshlike and hard, is expected to secrete more milk. In general, beef ...

TOP FRONTIER INVESTMENT HOLDINGS INC
4 Traders - 2015-12-29
Top Frontier Investment Holdings, Inc. is an investment holding company with interest in the beverage, food, and mining exploration and development. It hold interest in San Miguel Corp. and Clariden Holdings, Inc. The company was founded on March 11, 2008 ...

PSE capital raising climbed 21% in 2015
The Daily Tribune - 2015-12-29
SBS Philippines Corporation, Metro Retail Stores Group, Inc., and Italpinas Development Corporation. "We expect that the stock market will continue to be a preferred venue for fund raising activities of both listed companies and privately-owned firms ...

PetroWind Energy secures FIT rate for Aklan wind farm
Philstar - 2015-12-29
MANILA, Philippines - PetroWind Energy Inc. (PWEI) will start receiving regulatory-approved feed-in tariff (FIT) rate in the January billing for its 36-megawatt (MW) wind farm in Nabas, Aklan. Listed parent PetroEnergy Resources Corp. (PERC) disclosed ...

PSE raises second highest annual capital yet in 2015
GMA Network - 2015-12-29
Crown Asia Chemicals Corp., SBS Philippines Corp., Metro Retail Stores Group Inc., and Italpinas Development Corp. "We expect that the stock market will continue to be a preferred venue for fund raising activities of both listed companies and privately ...

China Pipelines Sold Far Below Cost
Big News Network - 2015-12-28
On Nov. 25, PetroChina, the listed arm of state-owned China National Petroleum Corp. (CNPC), announced the decision to sell 50 percent of its Trans-Asia Gas Pipeline Co. subsidiary for 15-15.5 billion yuan (U.S. $2.3-2.4 billion). The sale was one of two ...