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 ...

Stock-Market Outlook
BusinessMirror. - 2015-12-28
Makati Finance Corp. and Central Azucarera de Tarlac Inc. Top losers were MJC Investments Corp., Imperial Resources Inc. B, Grand Plaza Corp., Jackstones Inc., Melco Crown (Philippines) Resports Corp. and Premium Leisure Corp. SHARE prices are expected to ...

Stock-Market Outlook
BusinessMirror. - 2015-12-28
Top gainers were Anchor Land Holdings Inc., Benguet Corp. B, Philippine H2O Ventures Corp., F and J Prince Holdings Corp. B, Makati Finance Corp. and Central Azucarera de Tarlac Inc. Top losers were MJC Investments Corp., Imperial Resources Inc. B ...

Stock-Market Outlook
BusinessMirror. - 2015-12-28
Top gainers were Anchor Land Holdings Inc., Benguet Corp. B, Philippine H2O Ventures Corp., F and J Prince Holdings Corp. B, Makati Finance Corp. and Central Azucarera de Tarlac Inc. Top losers were MJC Investments Corp., Imperial Resources Inc. B ...

CBSI-Plantersbank merger gets final OK
MSN - 2015-12-27
the thrift unit of listed China Banking Corp. (China Bank) -- and its recently acquired Planters Development Bank (Plantersbank) are set to become a single company after securing all requisite approvals for the planned merger. The Sy-led bank, in a ...

PetroWind Energy secures FIT rate for Aklan wind farm
MSN - 2015-12-27
Listed parent PetroEnergy Resources Corp. (PERC) disclosed yesterday the renewable energy payment agreement (REPA) for the Nabas wind power facility took effect Dec. 22, 2015, after it received a notice from the National Transmission Corp. (TransCo ...

Stock market expected to rally on window dressing -- analysts
thestandard.com.ph - 2015-12-27
Weekly top price gainers were Anchor Land Holdings Inc., which closed higher by 7.5 percent to P7.50; Benguet Corp., which gained 18.2 percent to P6.50; and Philippine H20 which jumped 14.6 percent to P2.97 per share. Weekly top price losers were MJC ...

Stock market expected to rally on window dressing -- analysts
Manila Standard Today - 2015-12-27
Weekly top price gainers were Anchor Land Holdings Inc., which closed higher by 7.5 percent to P7.50; Benguet Corp., which gained 18.2 percent to P6.50; and Philippine H20 which jumped 14.6 percent to P2.97 per share. Weekly top price losers were MJC ...

Vista Land to start P4.46-B Starmalls tender offer
Manila Bulletin - 2015-12-27
Villar-led Vista Land & Lifescapes, Inc. said the company is starting its P4.46-billion tender offer for the minority shares of subsidiary Starmalls, Inc. on January 4, 2016. In disclosures to the Philippine Stock Exchange (PSE), Starmalls and Vista Land ...

PSE holds annual Bull Run on Jan 10
Philstar - 2015-12-27
Inc. Other partners include ALFM Mutual Funds, City Mall, COL Financial Group, Inc., Discovery World Corp., Double Dragon Properties Corp., Manila Electric Co., Puregold Price Club, RUNNR, and Sun Life.

Champions in school-and the football field
Inquirer Lifestyle - 2015-12-27
THE BENEFITS of education and a healthy lifestyle were some of the key goals of Coca-Cola Femsa, Roxas Foundation Inc. and FundaciĆ³n Real Madrid in their Social Sports School program for 280 indigent children from Batangas and Central Azucarera de La ...

PH riders return to langkawi
thestandard.com.ph - 2015-12-26
Team 7-Eleven Sava Roadbike Philippines will field a six-man national squad to join the 10-day bikefest set to be held from March 3 to 13 in the island of Langkawi, Malaysia. Andrea Guardini proved unstoppable in a bunch sprint when the Astana Pro Team ...

PH gets $500 million World Bank credit line to reduce disaster risk
MSN - 2015-12-26
MANILA - The Philippines has secured a $500 million credit line from the World Bank to support efforts to manage risks posed by natural disasters. The country can get access to the credit line if its president declares a state of calamity, the bank said in ...

Sta. Lucia Land looks to raise as much as P3 billion in 2016
MSN - 2015-12-26
LISTED real estate developer Sta. Lucia Land, Inc. may raise more funds next year to ramp up project launches and support its land acquisition initiatives amid tighter competition in the industry. Sta. Lucia Chief Financial Officer David M. dela Cruz told ...

'Honor Thy Father' disqualified from MMFF 2015 Awards Best Picture category
Rappler - 2015-12-26
Both are under the ABS-CBN Corporation. Both GMA and ABS-CBN are the biggest media companies in the Philippines. "My friends and I were supposed to book the whole director's club today in SM Aura to watch the film but when I woke up today it was already ...

Century Pacific completes takeover of Century Pacific Agri Ventures
Philstar - 2015-12-26
MANILA, Philippines - Century Pacific Food Inc. has formalized the acquisition of a 100 percent stake in integrated coconut producer Century Pacific Agricultural Ventures Inc. The total consideration for the purchase amounted to P4.5 billion, half of ...

Otto Energy seeks DOE OK for further studies
Philstar - 2015-12-26
The consortium, through Otto Energy, earlier asked the DOE for a two-year moratorium for SC 55 after it completed a drilling activities in the Hawkeye Well last August, consortium member Trans-Asia Petroleum Corp. disclosed on Tuesday. The drilling showed ...

January to September metals output down by 20%
BusinessMirror - 2015-12-25
This, even as four nickel producers joined the production scene during the period. Agata Mining Ventures/Minimax Mineral Exploration Corp. in Agusan del Norte, Wellex Mining Corp.-Vista Buena Mining Corp. on Dinagat Island, Libjo Mining Corp. and ...

Otto Energy seeks DOE OK for further studies
MSN - 2015-12-24
The consortium, through Otto Energy, earlier asked the DOE for a two-year moratorium for SC 55 after it completed a drilling activities in the Hawkeye Well last August, consortium member Trans-Asia Petroleum Corp. disclosed on Tuesday. The drilling showed ...

The World's Top 10 Retailers (WMT, COST)
Investopedia - 2015-12-24
Costco Wholesale Corporation (NASDAQ: COST) is a membership-only warehouse retail chain with ... and the department store chain Galeria Kaufhof. Metro Group has a market capitalization of $9.9 billion. 9. The Home Depot, Inc. The Home Depot, Inc. (NYSE ...

Allianz acquires 51 per cent stake in Philippine's PNB Life Insurance
Economic Times - 2015-12-23
Munich-based Allianz signed a deal to purchase a 51 percent share in PNB Life Insurance, owned by listed Philippine National Bank (PNB), said Caesar Alterejos, chief financial officer of PNB Life. He declined to reveal the price tag. The investment in PNB ...

Tighter nickel ore supply seen in 2016
Philstar - 2015-12-23
Global Ferronickel Holdings Inc., chairman Joseph Sy said nickel miners have significantly lowered their production amid low prices of nickel ore in the market. The Philippines have been exporting more than 50 percent of low grade ores to China since the ...

ArthaLand eyes growth with VisMin IT - BPM sector
Inquirer - 2015-12-23
OUTSOURCING COMPANIES are now eyeing prospective locations outside Metro Manila as they seek to tap the skilled, educated talent pool in key areas that offer strategic opportunities for further growth and expansion. Such alternative sites, dubbed as the ...

Allianz acquires Philippine insurance firm
Yahoo News - 2015-12-23
Munich-based Allianz signed a deal to purchase a 51 percent share in PNB Life Insurance, owned by listed Philippine National Bank (PNB), said Caesar Alterejos, chief financial officer of PNB Life. He declined to reveal the price tag. The investment in PNB ...

Allianz enters into a long-term partnership with Philippine National Bank and acquires 51 percent of PNB Life Insurance Inc.
The FINANCIAL - 2015-12-23
The FINANCIAL -- Allianz and Philippine National Bank (PNB) have reached an agreement to enter into a 15-year exclusive distribution partnership and for Allianz to acquire 51 percent of PNB Life Insurance Inc., the life insurance subsidiary of Philippine ...

China Bank opens 10 branches, sets holiday schedule
Manila Bulletin - 2015-12-22
China Banking Corporation (China Bank) has opened the final ten branches scheduled for the year, all in Metro Manila, bringing its total branch network to 517 nationwide--352 China Bank and 165 China Bank Savings (including Plantersbank). In a statement ...

Ham price steady, DTI says
Visayan Daily Star - 2015-12-22
In Swift/RFM Corporation, 1kg Noche Buena ham costs P230, 750 g pear shaped ham - P185, 1 kg jamon de bola - P305, 1 kg festival ham - P495, 1kg deboned ham - P588 and 1 kg bone in ham - P845.75, he said. In CDO ham, 650 g jamon de bola costs ...

A rough 2015 for PH stocks
Rappler - 2015-12-22
Remember, if you have invested in a PSEi index fund or First Metro Philippine Equity Exchange Traded Fund Incorporated for the year, your portfolio is still most likely in the red. PSEi performance in 2015 But if you are new into stocks and are wondering ...

Case against Semirara dismissed
MSN - 2015-12-21
A QUEZON CITY court recently dismissed a case against Semirara Mining and Power Corp. (SMPC), which accused the Consunji-led miner of fraudulent acts. In a disclosure to the stock exchange, SMPC said it received the court order granting the company's ...

Real estate company ArthaLand expands to VisMin
Rappler - 2015-12-21
CEBU CITY, Philippines - There are plans for a world class green office building fit for at least 51,000 square meters of high grade space to be built along Salinas Drive in Cebu City. The property, which was acquired by real estate company, ArthaLand is ...

ERC grants TAREC COC
news.pia.gov.ph - 2015-12-21
Francisco L. Viray, president and CEO of Trans-Asia, said that the issuance is a positive development for Trans-Asia Oil and Energy Development corporation, as they can fully recognize generation revenues from the wind turbine generators. "We are ...

Mazda Quezon Avenue bags MazTech championship for 2015
motioncars.inquirer.net - 2015-12-21
BERJAYA Auto Philippines, the exclusive distributor of Mazda vehicles in the country, recently concluded its search for the best technicians among its dealership network. The winners will go on to represent the Philippines in the Asia Pacific round of ...

Tabuena rules Philippine Open
thestandard.com.ph - 2015-12-21
Three months after dominating the Philippine Golf Tour field to win the Central Azucarera De Tarlac Open here with a solid 22-under total, Tabuena went at it again at the par-72 layout, gunning down five birdies in the last nine holes to rally from three ...

Tabuena rules Philippine Open
Manila Standard Today - 2015-12-20
Three months after dominating the Philippine Golf Tour field to win the Central Azucarera De Tarlac Open here with a solid 22-under total, Tabuena went at it again at the par-72 layout, gunning down five birdies in the last nine holes to rally from three ...

Stock market likely to move sideways
thestandard.com.ph - 2015-12-20
Other weekly gainers were D&L Industries Inc., which gained 14.6 percent to P9.15 and Roxas and Company Inc. which rose 13.6 percent to P2.54. Heavy losers last week were Anchor Land Holdings Inc., which lost 16.5 percent to P6.01; Italpinas Development ...

8990 Holdings aims to raise revenues to P12 billion in 2016
MSN - 2015-12-19
MASS HOUSING developer 8990 Holdings, Inc. sees sustained growth in earnings and revenues next year that will allow the company to double its business by 2020. 8990 Holdings Januario Jesus B. Atencio III told reporters on Friday night the property firm ...

New 'Star Wars' grosses $120 mn to break first-day record
MSN - 2015-12-19
"Star Wars: The Force Awakens" raked in an estimated $120.5 million in its first full day in US and Canadian theaters, setting an industry record, Disney said Saturday. The movie is likely to become the highest grossing film in an opening weekend Disney ...

Franchisee of the year shares valuable tips
thestandard.com.ph - 2015-12-19
7-Eleven franchisee Froilan Manotok receives the Franchisee of the Year award, a prestigious merit given for excellent and meritorious business leadership. This is what 7-Eleven franchisee Froilan Manotok prides himself on after he was named 2015 ...

AgriNurture divests in Australia food firm
Philstar - 2015-12-19
MANILA, Philippines - Fruit and vegetable processing company AgriNurture Inc. (ANI) has disposed of its shares in AgriNurture HK Holdings Ltd. worth $2.5 million (roughly P117 million) as it shifted its focus on its operation in China and in the local ...

Trans-Asia cleared to start 54-MW Guimaras wind farm
Philstar - 2015-12-19
MANILA, Philippines - Trans-Asia Oil and Energy Corp. expects further boost in revenues from power generation after securing regulatory clearance for its 54-megawatt (MW)wind farm in San Lorenzo, Guimaras. In a statement, Trans-Asia said its subsidiary ...

Evidence of investigative fraud in China
Philstar - 2015-12-19
ABB also suspected China United of faking cases for it and another client, Panasonic. A China United investigator colluded with a counterfeiter to produce fakes that the investigator then had seized and billed as successful raids, ABB said in court filings.

Rebisco founder top taxpayer
Visayan Daily Star - 2015-12-19
Data released by the BIR Friday showed that the Filipino-Chinese businessmen, who is also the Chairman of Asia United Bank Corp., paid a total of Php 280.11 million last year. His payment is far higher than Pacquiao's Php 210.31 million. Mercury Drug Corp ...

Victorias Foods expands markets
Visayan Daily Star - 2015-12-19
The Victorias Foods Corp. will reach out to more supermarkets in Negros and Manila to make its products more accessible to the people. Anne Tiongco, corporate communications director of Victorias Milling Co., said yesterday that this will be the main ...

IBM teaming up with Ionics to develop cloud-based apps
thestandard.com.ph - 2015-12-18
Technology giant IBM has teamed up with local electronics manufacturing service provider Ionics Inc. to build a platform for various cloud-based apps. Ionics Inc. said in a disclosure to the stock exchange unit Ionics-EMS sealed a partnership with IBM to ...

Shell Philippines says will exhaustively challenge $1.1 billion tax claim
Economic Times - 2015-12-18
"Arbitration is always an option," Gavino said. Malampaya supplies gas to power plants operated by First Gas Power Corp, a unit of First Gen Corp and San Miguel Energy Corp, a unit of conglomerate San Miguel Corp.. The plants produce electricity for a ...

Ionics partners with IBM anew to build platform for cloud apps
Manila Bulletin - 2015-12-18
Ionics-EMS, a Philippine based EMS (Electronic Manufacturing Service) provider, has forged a partnership with IBM to develop IoT-based state of the art "Smart Factory" capability. In a disclosure to the Philippine Stock Exchange, Ionics said the ...

Workers back off from clash with cops over solar project
Inquirer Technology - 2015-12-18
"We did not also want a repeat of the 2004 Luisita massacre," Sibayan said, referring to the seven workers who were killed when policemen and soldiers retook the gate of the Cojuangco family-owned Central Azucarera de Tarlac from striking sugar mill ...

Roxas Holdings income plummets
Philstar - 2015-12-18
MANILA, Philippines - Listed bio-sugar and bio-energy company Roxas Holdings Inc. (RHI) said its net income in 11 months plummeted almost 100 percent due to factory concerns and various plant repairs. In a disclosure to the local bourse, RHI said its net ...

Metro Retail goes for P1-B credit facility
GMA Network - 2015-12-18
The Metro Retail Stores Group Inc. (MRSGI) on Friday said it is going for a P1-billion credit accommodation and facility from Union Bank of the Philippines. "In a regular board meeting dated December 17, 2015, the board of directors of MRSGI passed a ...