Bank holiday schedules for Christmas 2015
Rappler - 2015-12-18
MANILA, Philippines - Several banks are closing all branches during the long holiday break. The bank said selected branches are open on December 24, 26, and 27. BDO automated teller machines (ATMs) and electronic banking will continue to handle ...

PH Rebisco's founder is top taxpayer for 2014
Rappler - 2015-12-18
MANILA, Philippines - Chinese-Filipino Jacinto Ng Sr, founder of Republic Business Corporation (Rebisco) is the country's top individual taxpayer for 2014, the Bureau of Internal Revenue (BIR) revealed on Friday, December 18. The 36th richest man in the ...

PH Rebisco's founder is top taxpayer for 2014
Rappler - 2015-12-18
MANILA, Philippines - Chinese-Filipino Jacinto Ng Sr, founder of Republic Business Corporation (Rebisco) is the country's top individual taxpayer for 2014, the Bureau of Internal Revenue (BIR) revealed on Friday, December 18. The 36th richest man in the ...

Strides Shasun Launches up to Rs 1,500 crore Share Sale : Report
NDTV - 2015-12-18
Singapore: Indian pharmaceutical company Strides Shasun limited has launched a share sale to raise funds up to Rs1,500 crore, IFR reported on Friday, citing a source close to the transaction. Strides is selling shares at Rs 1,278 apiece in the transaction ...

ABS-CBN names new president and CEO
Rappler - 2015-12-18
MANILA, Philippines (UPDATED) - ABS-CBN Corporation will welcome the new year with a new president and CEO, as Charo Santos-Concio retires effective December 31 this year. In a Facebook post on Friday, December 18, Eric John Salut, the network's Ad Promo ...

Trans Asia Oil & Energy Development : -Asia to pursue other wind projects after obtaining FIT-COC
4 Traders - 2015-12-17
Trans-Asia Oil and Energy Development Corp. will now proceed developing its other wind projects after obtaining its Feed-in-Tariff Certificate of Compliance (FiT-COC), for constructing the 54-megawatt (MW) San Lorenzo wind farm, from the Energy Regulatory ...

BPI arranges P10-b hydro loan
thestandard.com.ph - 2015-12-17
BPI Capital Corp., the wholly-owned investment banking unit of Bank of the Philippine Islands, has arranged a syndicated loan of up to P10 billion to finance the construction of a 68.8-megawatt run-of-river power plant in Manolo Fortich, Bukidnon province.

Trans-Asia gets feed-in tariff
thestandard.com.ph - 2015-12-17
Trans-Asia Renewable Energy Corp., a fully-owned subsidiary of Trans-Asia Oil and Energy Corp., has received a certificate of compliance from the Energy Regulatory Commission on the 54-megawatt San Lorenzo wind farm project in Guimaras province.

BPI Capital lead underwrites AboitizPower hydroelectric plant in Bukidnon
BusinessMirror. - 2015-12-17
BPI Capital is the issue manager and bookrunner for the project, with SB Capital Investment Corp. as joint lead arranger and Asia United Bank as colead arranger. The project, which taps into the rich hydroelectric power base of Mindanao, will help support ...

Roxas Holdings Inc. income sharply down in its fiscal year
BusinessMirror. - 2015-12-17
SUGAR miller Roxas Holdings Inc. on Thursday said it had a steep decline in its income during its fiscal year ending September on plant repairs that prompted its own sugarcane planters to go to other mills. The company said it only had a profit of P18.55 ...

Roxas Holdings Inc. income sharply down in its fiscal year
BusinessMirror. - 2015-12-17
SUGAR miller Roxas Holdings Inc. on Thursday said it had a steep decline in its income during its fiscal year ending September on plant repairs that prompted its own sugarcane planters to go to other mills. The company said it only had a profit of P18.55 ...

IMI to enter power-module business manufacturing
BusinessMirror - 2015-12-17
AYALA-LED Integrated Micro-Electronics Inc. (IMI) said it will enter the contract manufacturing of power-module business as it inaugurated its Insulated Gate Bipolar Transistor module facility. The new IMI facility is now into production and process ...

Court urged: Release P700-M assets in padlocked mall
Philstar - 2015-12-17
The MBDC owns the land being leased by Uniwide Holdings Inc. since 1996 for its mall. In a separate civil case, Uniwide chairman Jimmy Gow said Epres "prematurely, irregularly and unlawfully" conducted a "simulated and fraudulent" auction of ...

Blast cripples Benguet mine, stops operations
Philippine Daily Inquirer - 2015-12-17
Police are investigating the blast at the mine operated by the Lepanto Consolidated Mining Co. (LCMC) that disrupted work at its power plant and mill, and affected some houses in Sitio Nayak in Barangay Sapid in Mankayan, said Supt. Cherry Fajardo ...

Roxas Holdings profit drop on factory woes
Manila Bulletin - 2015-12-17
Roxas Holdings, Inc. saw a steep 73 percent decline in its core income to P169 million in its fiscal year ending September 2015 from the P645 million earned in the previous year, citing factory woes. In a disclosure to the Philippine Stock Exchange ...

Calata corporation innovates for agriculture industry in the Philippines
Examiner - 2015-12-17
The Calata Corporation has made significant strides within the agricultural industry in The Philippines. In fact, the country has grown significantly within this sector and it is now one of the most diverse and innovative in the region. Agriculture is the ...

RP's gateway to the world
Philstar - 2015-12-17
Villanueva | Updated March 6, 2009 - 12:00am While the global financial crisis may continue to hover economies of the world, it seems to be sparing so far the Philippines ... to be made by the Pacifica Avia Group Inc. al Mal Investment of the Al Kharafi ...

Developer Arthaland acquires prime property in Cebu
MSN - 2015-12-16
BOUTIQUE developer Arthaland Corp. said it recently acquired a prime property in Cebu City, as it seeks to take advantage of the demand from the growing information technology and business process management (IT-BPM) sector. In a disclosure to the stock ...

IMI opens facility for power modules
MSN - 2015-12-16
INTEGRATED Micro-Electronics, Inc. (IMI) has inaugurated a facility that will allow the Ayala-led firm to serve the rising demand for power modules -- a key driver of growth in the semiconductor market. IMI is one of the few companies in the world capable ...

Berjaya revenues reached P13 billion by end-October
BusinessMirror. - 2015-12-16
BERJAYA Philippines Inc. reported its total revenues rose 5.3 percent to P13.4 billion for the six months ended October 31 from P12.7 billion during the same period last year. The publicly listed company attributed this to revenues generated from luxury ...

Berjaya revenues reached P13 billion by end-October
BusinessMirror. - 2015-12-16
BERJAYA Philippines Inc. reported its total revenues rose 5.3 percent to P13.4 billion for the six months ended October 31 from P12.7 billion during the same period last year. The publicly listed company attributed this to revenues generated from luxury ...

Berjaya revenues reached P13 billion by end-October
Business Mirror - 2015-12-16
BERJAYA Philippines Inc. reported its total revenues rose 5.3 percent to P13.4 billion for the six months ended October 31 from P12.7 billion during the same period last year. The publicly listed company attributed this to revenues generated from luxury ...

VIRAL: Foreigners celebrate Pinoy Christmas in PAL ad
Rappler - 2015-12-16
MANILA, Philippines - What makes a Pinoy Christmas? A lot of lights ... only sending them boxes of gifts. PAL and the Philippine National Bank brought her and her family together for Christmas. Whether it's eating warm bibingka, lounging on the beach ...

Alcoa Trading at 35% Discount to Sum of its Parts, Analyst Says
MSN - 2015-12-15
Alcoa (AA: NYSE)By Gabelli & Co., ($9.12; Dec. 16, 2015) We are highlighting Alcoa as our top idea for 2016. The company has substantial value when aggregated across the various business assets, with hidden upstream assets relating to cast house and ...

Is the age-old trend of presenting speculative work justified?
Economic Times - 2015-12-15
You know he isn't imagining all this when a client corroborates the same thought. Says Anisha Motwani, marketing & digital strategist with Max Group of Companies: "Will an agency give in and present spec work or not depends on its need and hunger for new ...

Guest Post: Ariosa v Sequenom -- A Path to the Supreme Court?
JD Supra - 2015-12-15
Amaranthus Bioscience Holdings, Population Diagnostics Inc. and Jyant Technologies; and o foreign commentators: Novartis AG (Switzerland) and Cole (UK). The weight of concern expressed by institutions, the academic community and industry and their ...

Top 15 Subic Freeport investors get SBMA Mabuhay Awards
BusinessMirror - 2015-12-15
and Fertuna Holdings Corp., a wholly owned subsidiary of Cosco Capital Inc., with P250-million committed investment in the field of retail, real estate, liquor distribution and other specialty business. For the logistics sector, the awardees were ...

Green development gains ground in Metro Manila
BusinessMirror. - 2015-12-15
McCullough also said the redevelopment program pursued by developers, such as Ayala Land Inc., is going to be a major growth driver for the office market. Redevelopment involves upgrading older buildings, which can help increase their asking prices ...

Vaalco Energy - New North Tchibala 2-H Well Brought Online At 500 BOPD
Seeking Alpha - 2015-12-14
The Etame consortium consists of VAALCO Energy (Operator) -- 30.35%, PanAfrican Energy Corporation Ltd. -- 32.5%, Sasol Petroleum International-- 30%, PetroEnergy Resources Corporation -- 4.525% and Nissho IwaiCorporation -- 2.625%. The Transocean (NYSE ...

SBPL breaks ground for Mauban, Quezon, coal-fired power plant
BusinessMirror. - 2015-12-14
The senior-term loan lenders are BDO Unibank Inc.; China Banking Corp. (Chinabank); Metropolitan Bank & Trust Co. (Metrobank); Philippine National Bank (PNB); and Rizal Commercial Banking Corp (RCBC). BDO Unibank-Trust and Investments Group served as the ...

China Bank names new trust group chief
Manila Bulletin - 2015-12-14
China Banking Corporation has named FVP Patrick D. Cheng as Trust Group head effective December 16, 2015, following the retirement of SVP Rene J. Sarmiento. Cheng will also be a member of the Management Committee. Cheng joined China Bank in March this year ...

Top Ayala Corporation execs inspect LRT 1
GMA Network - 2015-12-14
Top officials of Ayala Corp. (AC) inspected the Light Rail Transit Line 1 (LRT-1) early Monday, as part of an orientation tour to check the interconnection of the mass rail system. Along with AC chairman and CEO Jaime Augusto Zobel de Ayala, COO Fernando ...

PSE: 10 companies going public in 2016
Manila Standard Today - 2015-12-13
Only four IPOs were completed this year, including those of SBS Philippines Corp. (P1.15 billion); Crown Asia Chemicals Corp. (P222.7 million); Metro Retail Stores Group Inc. (P5.6 billion); and Italpinas Development Corp. (P242 million).

Meet the presidentiables: Senator Grace Poe
Philstar - 2015-12-13
Elena Construction and Development Corporation and RFM Corporation, organized the third installment of the "Meet the Presidentiables Series" featuring presidential candidate Senator Grace Poe. Attended by over 500 entrepreneurs, advocacy partners ...

Hotels in Manila
travelbook.ph - 2015-12-13
302 Ground Floor, Giselle Park Plaza, EDSA corner Taft Avenue, Pasay City, Metro Manila, Philippines 1300 (Show Map) Cartimar Shopping Center, CM Recto, Sampaloc ,Quiapo,, Manila City,, Metro Manila, Philippines 1015 (Show Map) Coral Way Avenue corner ...

Electric coop: Zambo City to enjoy zero blackout starting today, Dec. 12
MSN - 2015-12-12
The PSA, which was approved Friday, involves the purchase of 50 megawatts (MW) by Zamcelco from WMPC of the Alsons Power Group, which owns a 100-MW diesel-powered power plant in Barangay Sangali, 25.34 kilometers east of City Hall. Edgar Sevilles ...

Italpinas to complete CDO project this month
MSN - 2015-12-12
Italpinas Development Corp. (IDC) is set to complete Tower B of its flagship development in Cagayan de Oro City called the Primavera Residences this month. IDC is set to turn over the condominium units to their rightful owners on Dec. 16. "Italpinas ...

Meralco in talks with SMDC, Megaworld for prepaid meters
Rappler - 2015-12-12
MANILA, Philippines -- The Manila Electric Company (Meralco) is in talks with property developers SM Development Corporation (SMDC) and Megaworld Corporation to use prepaid electricity meters in their housing projects. "We are talking to a lot of ...

Puregold sets 2016 capex at P2.6B
Inquirer - 2015-12-11
Local retailing giant Puregold Price Club Inc. is allocating P2.6 billion for its capital spending in 2016, to fuel an aggressive network expansion plan across different brands and platforms. This will enable the Lucio Co-led company to further strengthen ...

Sacasun taps BDO to finance P3.7-B solar project in Negros Occidental
BusinessMirror. - 2015-12-11
SAN Carlos Sun Power Inc. (Sacasun) has tapped BDO Unibank for a P3.7-billion loan to finance its solar-power project in Negros Occidental. Sacasun is the joint-venture company between SunEdison Philippines Helios BV and Aboitiz Renewables, Inc., the ...

Manila Water seeks international arbitration on P79-B reimbursement
Philstar - 2015-12-11
MANILA, Philippines - The Manila Water Co. Inc. has filed a notice of arbitration with the Permanent Court of Arbitration in Singapore to make the government pay for claims that will reach approximately P79 billion. It has decided to seek arbitration after ...

Boulevard Holdings posts continuous sales hike since regaining Boracay property
BusinessMirror - 2015-12-11
BOULEVARD Holdings Inc. (BHI) disclosed on Thursday a continued sales growth after its hospitality unit regained and brought back to normalcy the operations of its hotel-and-resort property in Boracay Island, Malay, Aklan. The publicly listed company ...

AboitizPower unit taps P3.7B loan for solar energy project
Rappler - 2015-12-11
to finance its solar power project in Negros Occidental. SACASUN is the joint venture company between SunEdison Philippines Helios BV and Aboitiz Renewables Incorporated, the holding company of Aboitiz Power Corporation's investments in renewable energy.

Manila Water goes to arbitration court
Manila Standard Today - 2015-12-10
Manila Water Company Inc. said Thursday it filed a notice of arbitration with the Permanent Court of Arbitration in Singapore after the government ignored the notice of claim filed by the water concessionaire in April 2015. "Through this notice of claim ...

Manila Water goes to arbitration court
thestandard.com.ph - 2015-12-10
Manila Water Company Inc. said Thursday it filed a notice of arbitration with the Permanent Court of Arbitration in Singapore after the government ignored the notice of claim filed by the water concessionaire in April 2015. "Through this notice of claim ...

Semirara earnings surge 59%
MSN - 2015-12-10
The company said its coal business turned in a net income of P1.14 billion, while the power segment generated ... were halted for 64 days, mining schedule is behind by only 20 days as at the end of the current period," Semirara said.

GMA to focus on new digital initiatives in 2016
BusinessMirror. - 2015-12-10
BROADCASTING giant GMA Network Inc. will put primary focus on developing its digital initiatives in 2016, setting its targets high despite being a notch late from launching its network migration program versus its main competitor. Felipe L. Gozon, ...

Boulevard Holdings posts continuous sales hike since regaining Boracay property
BusinessMirror. - 2015-12-10
BOULEVARD Holdings Inc. (BHI) disclosed on Thursday a continued sales growth after its hospitality unit regained and brought back to normalcy the operations of its hotel-and-resort property in Boracay Island, Malay, Aklan. The publicly listed company ...

Philippine Business Bank on acquisition mode
Philstar - 2015-12-10
MANILA, Philippines - Philippine Business Bank continues to be on the look out for potential acquisition to boost efforts of becoming a bigger bank and eventually a universal bank over the next few years. PBB president and chief executive officer Rolando ...

Boulevard Holdings posts continuous sales hike since regaining Boracay property
BusinessMirror. - 2015-12-10
BOULEVARD Holdings Inc. (BHI) disclosed on Thursday a continued sales growth after its hospitality unit regained and brought back to normalcy the operations of its hotel-and-resort property in Boracay Island, Malay, Aklan. The publicly listed company ...