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 ...

Company in focus: Investors grow skeptical as Emperador builds a liquid empire
asia.nikkei.com - 2015-12-10
The recent announcement of a fresh acquisition proved that was not the case. The homegrown distiller of Philippine conglomerate Alliance Global Group said on Dec. 1 it had purchased Beam Suntory's businesses in Spain for 275 million euros ($299 million).

Manny Pacquiao-GMA Offer: Boxer's Bid To Invest In Philippine Broadcaster Falls Through
International Business Times - 2015-12-10
Pacquiao made the offer to buy into GMA Network Inc., together with Chavit Singson, a former governor of the northern province of Ilocos Sur, The Philippine Daily Inquirer reported, citing GMA Chairman Felipe Gozon. "It didn't push through," the Inquirer ...

Cherry Foodarama stores get a makeover under SM Markets
MSN - 2015-12-09
Like SM, rivals Puregold Price Club, Inc. of billionaire Lucio L. Co and Robinsons Retail Holdings, Inc. of the Gokongwei family have been gobbling up and partnering with smaller counterparts to accelerate growth amid stiff competition. Shares in SM added ...

PSBank expects strong lending
thestandard.com.ph - 2015-12-09
Philippine Savings Bank, the thrift banking arm of the Metrobank Group, said Wednesday it expects a double-digit growth in loans next year, driven by an expanding client base and an effective marketing strategy. PSBank president Vicente Cuna Jr. did not ...

DMCI property unit issues P10B in debt notes
Inquirer - 2015-12-09
The real estate arm of DMCI Holdings Inc. is raising P10 billion through the issuance of long-term debt notes to selected local institutional investors. In a disclosure to the Philippine Stock Exchange on Tuesday, DMCI said its subsidiary, DMCI Project ...

Cop, 1 other nabbed for suspected extortion in North Cotabato town
Philippine Daily Inquirer - 2015-12-09
According to Abantes, the two suspects, who were residents of Barangay (village) Rebuken in Sultan Kudarat town in Maguindanao, were arrested while receiving money from the complainants inside a branch of the Philippine National Bank (PNB) in Midsayap.

BDO unit, Sta. Lucia get nod to raise funds
Manila Standard Today - 2015-12-08
Documents filed with the SEC showed BDO Leasing and Finance Inc. would issue P25 billion worth of short term commercial papers to finance maturing obligation and fund its re-lending business. BDO Leasing appointed BDO Capital & Investments Corp. as the ...

BDO unit, Sta. Lucia get nod to raise funds
thestandard.com.ph - 2015-12-08
Documents filed with the SEC showed BDO Leasing and Finance Inc. would issue P25 billion worth of short term commercial papers to finance maturing obligation and fund its re-lending business. BDO Leasing appointed BDO Capital & Investments Corp. as the ...

Helluva fun ride: 30 years of the PH auto industry
motioncars.inquirer.net - 2015-12-08
2013: Berjaya comes to PH Berjaya Auto Philippines (BAP) Inc. became the new distributor of Mazda in the Philippines on Jan. 1, 2013. The major shareholders of BAP are Bermaz Motor International Ltd., an indirect subsidiary of Berjaya Corp. Berhad ...

Tech billionaire leads 2015 list of outstanding young men/women
Philippine Daily Inquirer - 2015-12-08
Nico "Nix" Jose Nolledo, chair of publicly traded Xurpas Inc., was the sole businessman in TOYM Class of 2015, which included a journalist, a tax advocate, a musician, a civil engineer, a lawyer, a digital marketer, a social entrepreneur and two ...

DMCI unit raised P10 billion from notes float
BusinessMirror - 2015-12-08
Initial note holders consist of ALFM Peso Bond-Fund Inc., BDO Leasing and Finance Inc., BDO Private Bank Inc., BDO Unibank Inc., Bank of the Philippine Islands, BPI Asset Management and Trust Group as trustee for Bank of the Philippine Islands Employees ...

DMCI unit raised P10 billion from notes float
BusinessMirror. - 2015-12-08
Initial note holders consist of ALFM Peso Bond-Fund Inc., BDO Leasing and Finance Inc., BDO Private Bank Inc., BDO Unibank Inc., Bank of the Philippine Islands, BPI Asset Management and Trust Group as trustee for Bank of the Philippine Islands Employees ...

DMCI's construction unit borrows P10B to fund projects
GMA Network - 2015-12-08
DMCI Project Developers Inc., a wholly-owned subsidiary of DMCI Holdings Inc., has entered into a P10-billion corporate note facility to finance its ongoing and future projects as well as settle existing debt. In a filing with the Philippine Stock Exchange ...

Emperador to start selling brandy in US this year
MSN - 2015-12-07
Emperador Inc. on Tuesday announced it has inked a deal to market products in the United States starting later this year. "We have signed an agreement to make Emperador brandy available in North America. So hopefully, by the latter part of this year ...

Italpinas shares soar 50% in market debut
Manila Standard Today - 2015-12-07
Share price of property developer Italpinas Development Corp. sizzled in its debut Monday at the Philippine Stock Exchange after announcing expansion and the acceleration of current projects over the next two years. Italpinas shares opened at a high of P5 ...

Italpinas shares soar 50% in market debut
thestandard.com.ph - 2015-12-07
Share price of property developer Italpinas Development Corp. sizzled in its debut Monday at the Philippine Stock Exchange after announcing expansion and the acceleration of current projects over the next two years. Italpinas shares opened at a high of P5 ...

Italpinas shares soar 50% in market debut
thestandard.com.ph - 2015-12-07
Share price of property developer Italpinas Development Corp. sizzled in its debut Monday at the Philippine Stock Exchange after announcing expansion and the acceleration of current projects over the next two years. Italpinas shares opened at a high of P5 ...

Italpinas share price closes higher on its debut
BusinessMirror. - 2015-12-07
Officials of Italpinas Development Corp. (IDC), known for its sustainable-development thrust, lead the ceremonial ringing of the bell at the Philippine Stock Exchange (PSE) trading floor in Makati City on Monday, signaling its official listing on the PSE.

LBC Express hopes to complete follow-on offering next year
Philstar - 2015-12-07
MANILA, Philippines - Araneta-led LBC Development Corp. is likely to proceed with the planned follow-on offering of LBC Express Inc. in the first quarter of next year as it is still seeking the nod of the Securities and Exchange Commission (SEC).

Xurpas completes investment in US start-up
Manila Bulletin - 2015-12-07
Consumer technology firm Xurpas Inc. has completed the acquisition of a 4.8 percent stake in American startup Quick.ly Inc. for almost $1 million. In a disclosure to the Philippine Stock Exchange, Xurpas said Quick.ly is reinventing search to get people to ...

Women who shaped the news
thestandard.com.ph - 2015-12-07
Nobody said it was going to be a cake walk in the park. A litigation case involving Omico, a publicly listed firm, Guevent Investment Development Corp. and Honeycomb Builders Inc. is being closely watched by the business community because of a certain ...

LBC Express may postpone share sale
thestandard.com.ph - 2015-12-06
LBC Express Holdings Inc., formerly Federal Resources Investments Group Inc., may postpone a planned share offering worth P829 million to the first quarter of 2016. Former LBC Express chairman and current chief executive Santiago Araneta said in a chance ...

LBC Express may postpone share sale
Manila Standard Today - 2015-12-06
LBC Express Holdings Inc., formerly Federal Resources Investments Group Inc., may postpone a planned share offering worth P829 million to the first quarter of 2016. Former LBC Express chairman and current chief executive Santiago Araneta said in a chance ...

K to 12 | The rise of low-fee, private schools for profit
Bulatlat - 2015-12-06
Education is good business In May 2014, the Ayala Corporation announced its new business venture -- low-cost private high school. The Apec schools are a chain of for-profit secondary schools, created by British company Pearson PLC, the biggest education ...

Puregold opens 253rd store
Visayan Daily Star - 2015-12-05
Puregold Price Club Inc. opened its 253 rd store in Carmona Street, San Carlos City, Negros Occidental, yesterday, which is its sixth in the Visayas. Antonio De los Santos, Puregold vice president for operations, said that as they opened their San Carlos ...

First Quarter Results: Lucara on Schedule to Complete Plant Optimization and to Process South Lobe Ore
MSN - 2015-12-04
Plant Optimization Project: A primary focus for the Company in 2015 is to complete the plant optimization program so that it can commence mining the expected high ... the sale of the Mothae Diamond project to Paragon Diamonds Limited.

House of Investments to redeem over P7 million worth of shares in 2016
BusinessMirror. - 2015-12-04
A MEMBER of the Yuchengco Group of Companies is redeeming equities amounting to P7.97 million early next year. In a regulatory filing on Friday, House of Investments Inc. (HI) revealed that the Board of Directors green-lighted its redemption of 2.5 percent ...

House of Investments to redeem over P7 million worth of shares in 2016
Business Mirror - 2015-12-04
A MEMBER of the Yuchengco Group of Companies is redeeming equities amounting to P7.97 million early next year. In a regulatory filing on Friday, House of Investments Inc. (HI) revealed that the Board of Directors green-lighted its redemption of 2.5 percent ...

House of Investments to redeem over P7 million worth of shares in 2016
BusinessMirror. - 2015-12-04
A MEMBER of the Yuchengco Group of Companies is redeeming equities amounting to P7.97 million early next year. In a regulatory filing on Friday, House of Investments Inc. (HI) revealed that the Board of Directors green-lighted its redemption of 2.5 percent ...

Rappler partners with Globe Telecom for #PHVote
Rappler - 2015-12-04
MANILA, Philippines -- Rappler and Globe Telecom, Incorporated on Friday, December 4, launched a partnership for the 2016 presidential elections, aimed at providing Filipino voters data, insights, and tools that will help them make an informed choice on ...

COCKTALES | Ayala quietly moves into the airline business with boutique AirSWIFT
interaksyon.com - 2015-12-04
Fundador is presently being imported and distributed locally by Meritus Prime Distribution, a unit of Co's listed holding company, Cosco Capital, that is also importing a lesser known Spanish brandy, Excelente, which competes with Tan's Emperador.

COCKTALES | Ayala quietly moves into the airline business with boutique AirSWIFT
interaksyon.com - 2015-12-04
Fundador is presently being imported and distributed locally by Meritus Prime Distribution, a unit of Co's listed holding company, Cosco Capital, that is also importing a lesser known Spanish brandy, Excelente, which competes with Tan's Emperador.

8990 Holdings eyes projects in Malaysia
thestandard.com.ph - 2015-12-03
Mass housing developer 8990 Holdings Inc. plans to build projects in Malaysia and Tanzania as a part of its expansion overseas. 8990 Holdings president Januario Jesus Atencio told reporters the company was asked by Malaysian Prime Minister Najib Abdul ...

NTC extends Now permit
thestandard.com.ph - 2015-12-03
Now Corp., a listed company controlled by the Velarde family, said Thursday it secured a five-year extension from the National Telecommunications Commission to operate various information and technology services. The regulator on Nov. 27 gave Now the go ...

Italpinas may venture into tourism, office development after IPO
Manila Bulletin - 2015-12-03
Property developer Italpinas Development Corp. (IDC) is planning to expand its real estate portfolio into office and tourism development after its initial public offering (IPO) at the Philippine Stock Exchange (PSE). On Monday, IDC is scheduled to formally ...

Cosco Capital reports P3 B profit in Jan-Sept
Philstar - 2015-12-03
MANILA, Philippines - Cosco Capital Inc, the retail holding firm of businessman Lucio Co, reported a net income of P3 billion in the nine months to September, up 18 percent from the P2.55 billion recorded a year ago. "Net income after taking out minority ...

Tamaraws win title
BusinessMirror - 2015-12-03
In Photo: The Far Eastern University Tamaraws ended a 10-year drought and captured their 20th championship, the most in the league. FAR Eastern University (FEU) accomplished what it failed to achieve last season, turning back University of Santo Tomas (UST ...

Ginebra San Miguel Inc. consolidates creative business, appoints ASPAC Creative Communications as AOR
campaignasia.com - 2015-12-03
In a major consolidation, the first-ever Philippine gin and the largest selling gin brand in the world - Ginebra San Miguel, Inc. (GSMI) - is shifting its end-to-end creative duties to Aspac Creative Communications. The agency will oversee brand ...

Investment gain, sales hike boosted up Q3 profits of IRC Properties
BusinessMirror. - 2015-12-02
REAL-estate developer IRC Properties Inc. has recovered from a net loss of P7 million in the third quarter (Q3) of 2014 to register a growth in total income of P58.1 million during the same period this year. This could be mainly attributed to fair value ...

Investment gain, sales hike boosted up Q3 profits of IRC Properties
BusinessMirror. - 2015-12-02
REAL-estate developer IRC Properties Inc. has recovered from a net loss of P7 million in the third quarter (Q3) of 2014 to register a growth in total income of P58.1 million during the same period this year. This could be mainly attributed to fair value ...

Tamaraws win title
BusinessMirror - 2015-12-02
In Photo: The Far Eastern University Tamaraws ended a 10-year drought and captured their 20th championship, the most in the league. FAR Eastern University (FEU) accomplished what it failed to achieve last season, turning back University of Santo Tomas (UST ...

Del Monte Pacific revives $360-million share sale
Manila Bulletin - 2015-12-02
The approval of Securities and Exchange Commission (SEC) had been sought anew by Del Monte Pacific Limited (DMPL) as the listed firm revived its plan to raise $360 million through a share sale. Through a prospectus recently submitted to the SEC, DMPL ...

DMCI Homes gears up for its most expensive project so far
Manila Bulletin - 2015-12-02
DMCI Project Developers, Inc. (DMCI Homes), the residential arm of listed conglomerate DMCI Holdings, Inc., is set to develop by late next year what could be its most expensive residential project to date, which will be located within the Manila Bay area.

Investment gain, sales hike boosted up Q3 profits of IRC Properties
Business Mirror - 2015-12-02
REAL-estate developer IRC Properties Inc. has recovered from a net loss of P7 million in the third quarter (Q3) of 2014 to register a growth in total income of P58.1 million during the same period this year. This could be mainly attributed to fair value ...

Investment gain, sales hike boosted up Q3 profits of IRC Properties
BusinessMirror. - 2015-12-02
REAL-estate developer IRC Properties Inc. has recovered from a net loss of P7 million in the third quarter (Q3) of 2014 to register a growth in total income of P58.1 million during the same period this year. This could be mainly attributed to fair value ...

Tamaraws win title
BusinessMirror. - 2015-12-02
In Photo: The Far Eastern University Tamaraws ended a 10-year drought and captured their 20th championship, the most in the league. FAR Eastern University (FEU) accomplished what it failed to achieve last season, turning back University of Santo Tomas (UST ...

EDC still exploring more wind-farm sites
BusinessMirror. - 2015-12-02
LOPEZ-LED Energy Development Corp. (EDC) continues to explore possible wind-farm sites in the country, a company official said. "We continue to look at more possible sites in Ilocos Norte and also in the Visayas, but these are still in the ...

MGen, partner get funds for 500-MW plant
Inquirer - 2015-12-02
SBPL is a joint venture with New Growth B.V., a 98-percent owned subsidiary ... The senior-term loan lenders are BDO Unibank, Inc.; China Banking Corp. (Chinabank); Metropolitan Bank & Trust Co. (Metrobank); Philippine National Bank (PNB); and Rizal ...