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 ...

Meralco-Thai firm joint venture secures P42-B loan for Quezon coal power plant
Philstar - 2015-12-02
MANILA, Philippines - San Buenaventura Power Ltd. Co. (SBPL), the joint venture between Manila Electric Co. (Meralco ... The lenders consist of BDO Unibank Inc., China Banking Corp., Metropolitan Bank & Trust Co., Philippine National Bank, and Rizal ...

Metro Retail Stores Group Inc (MRSGI)
investing.com - 2015-12-02
Get an in-depth profile of Metro Retail Stores Group Inc, including a general overview of the company's business and key management, as well as employee data and location and contact information. Metro Retail Stores Group, Inc., formerly Valueshop Market ...

Ex-GSIS execs face graft raps over e-card
Philstar - 2015-12-02
The case stems from their involvement in the allegedly anomalous awarding of contract to the Union Bank of the Philippines for an electronic membership card (e-card) project in May 2004. The e-card project of GSIS was intended to replace the costly and ...

Villar to build a hospital chain with 3,000 beds over 5 years
thestandard.com.ph - 2015-12-01
Villar said the group could easily expand its hospital business as the company has the land bank for expansion. "This will be moving very fast. We may have different partners or same partners for different locations," Villar said. It also identified 13 ...

Ayala Land set to raise P50b
thestandard.com.ph - 2015-12-01
Property developer Ayala Land Inc. said Tuesday it plans to raise up to P50 billion in fresh capital from the sale of corporate bonds and commercial papers. Ayala Land said in a disclosure to the stock exchange its board of directors approved the filing of ...

BDO Leasing to issue P25-B commercial papers
Philstar - 2015-12-01
MANILA, Philippines - BDO Leasing and Finance Inc. will issue P25 billion worth of short-term commercial papers. The issuance was assigned an issue rating of PRS 2 by local credit watcher Philippine Rating Services Corp. A PRS 2 rating is defined as ...

Cops victimized by investment scam file estafa raps vs Emgoldex execs
Philippine Daily Inquirer - 2015-12-01
The Criminal Investigation and Detection Group Anti-Fraud and Commercial Crimes Unit (CIDG-AFCCU) filed two separate estafa complaints against seven Emgoldex executives last week-the first last ... Prosperous Infinite Philippines Holdings Corp. (PIPHC ...

BDO Leasing issuing P25-B STCPs, gets high rating
Manila Bulletin - 2015-12-01
BDO Leasing and Finance, Inc. (BDOLF) is again issuing R25 billion worth of short-term commercial papers (STCPs) which were assigned an issue rating of PRS 2 by Philippine Rating Services Corporation (PhilRatings). BDOLF is the leasing and financing arm of ...

PSBank expects to sustain profitability
Manila Bulletin - 2015-12-01
Philippine Savings Bank (PSBank), the thrift bank arm of the Metrobank Group, is positive it will sustain its balance sheet growth and profitability after emerging as one of the strongest banks in the country. The Asian Banker500 list, an annual study that ...

Graft raps vs 11 ex-GSIS execs over 'anomalous' project award
Rappler - 2015-12-01
The Ombudsman said the former GSIS officials took "advantage of their official positions through manifest partiality or evident bad faith or gross inexcusable negligence" by awarding the GSIS eCard project to the Union Bank of the Philippines in May ...

Emperador buys Fundador
Manila Bulletin - 2015-12-01
Grupo Emperador Spain S.A., a company owned by Emperador, Inc. is buying Spanish brandy Fundador and three other liquor brands from Beam Suntory, as well as its sherry business, with an all-cash offer of 275 million euros or P13.8 billion.

Ex-GSIS execs face graft raps over e-card
MSN - 2015-11-30
The case stems from their involvement in the allegedly anomalous awarding of contract to the Union Bank of the Philippines for an electronic membership card (e-card) project in May 2004. The e-card project of GSIS was intended to replace the costly and ...

Beam to sell sherry business to Emperador
Daily Herald - 2015-11-30
Deerfield-based Beam Suntory Inc. Monday announced it has agreed to sell its Jerez-based brandy and sherry business to Emperador Inc. in Manila, Philippines. The all-cash transaction was valued at 275 million euros, about $291 million. The agreement ...

Beam Suntory sells Sherry and brandy business for EUR275m
The Drinks Business - 2015-11-30
The company, formed through a $16 billion merger between Suntory and Beam in 2014, announced today that it had entered into a "definitive agreement" to sell its Jerez-based brandy and sherry interests to Emperador Inc, believing they would be "of ...

DoubleDragon to issue P10B in preferred shares
Inquirer - 2015-11-30
PROPERTY developer DoubleDragon Properties Corp. plans to raise up to P10 billion in fresh capital from an offering of nonvoting preferred shares by March or April next year. DoubleDragon chief executive officer Edgar Sia II said in a chance interview last ...

A hope for change
thestandard.com.ph - 2015-11-30
Local governments will therefore have the chance to focus their resources ... far from imperial Manila and whose local leaders have no close ties with the Palace and Congress remain poor and undeveloped. Duterte presents a hope for change.

MSt Chatter -- Caktiong receives Rolex watch gift
thestandard.com.ph - 2015-11-29
Meanwhile, Philippine Bank of Communications former president and chief executive Nina Aguas was named the new chief executive of Insular Life, while Union Bank of the Philippines president and chief operating officer Victor ValdepeƱas was appointed the ...

Maintenance Schedules
meralco.com.ph - 2015-11-29
Langkaan 2, DasmariƱas City. Portion of C. M. Delos Reyes Ave. from Governors Drive to near Gateway Business Park including San Marino Laboratories; Cityland Greenbreeze Village VI, Greensboro Village, Governor Hills Subd., Holiday Homes, Metro South Subd.,

Union Bank of Philippines : appoints John Ong as transaction banking head
4 Traders - 2015-11-28
Union Bank of the Philippines (UBP), a listed universal bank, has appointed John Cary Ong as transaction banking center head with the rank of senior vice president. Ong, who still sits as treasury and trade solutions head at Citi Philippines, will take ...

ARC building 2 factories to boost beverage capacity
Manila Standard Today - 2015-11-27
ARC Refreshments, the exclusive distributor of RC Cola products in the Philippines owned by Macay Holdings Inc., said Friday it plans to build two manufacturing facilities by 2017 or 2018 to expand its capacity by 20 percent. Macay Holdings chief operating ...

ARC building 2 factories to boost beverage capacity
thestandard.com.ph - 2015-11-27
ARC Refreshments, the exclusive distributor of RC Cola products in the Philippines owned by Macay Holdings Inc., said Friday it plans to build two manufacturing facilities by 2017 or 2018 to expand its capacity by 20 percent. Macay Holdings chief operating ...

Metrobank Group gives P10M to areas hit by typhoon 'Lando'
interaksyon.com - 2015-11-27
MANILA, Philippines -- The Metrobank Group, through the Metrobank Foundation Inc. and GT Foundation, has donated P10 million to assist Luzon provinces affected by super typhoon "Lando." P4 million was given to Caritas Manila for its network of ...

PetroChina to sell stake in Trans-Asia gas pipeline
ECNS - 2015-11-27
China National Petroleum Corporation, PetroChina's parent, controls 80 percent of the ... Liu said the move will also help spread CNPC's risk, as the Trans-Asia gas pipeline involves overseas interests too. The pipeline starts at Turkmen-Uzbek border ...

SEC: More SMEs tapping into local equities market
BusinessMirror. - 2015-11-26
Last year at least three SMEs went public. These were the real-estate firm DoubleDragon Properties Corp., software company Xurpas Inc. and specialty retailer SSI Group Inc. Both DoubleDragon and Xurpas were able to increase its offer price by several times ...

Daiso, Robinsons Philippines to strengthen partnership
Inside Retail Asia - 2015-11-26
Japanese discount retailer Daiso Industries says it is impressed with the growth of the Daiso Japan store chain in the country in its joint venture partnership with Robinsons Retail Holdings. The two companies now operate 44 Daiso Japan-branded stores ...

More IPOs before 2015 ends - PSE
Rappler - 2015-11-26
He said that two of these would probably come before 2016, such as real estate firms D.M. Wenceslao and Italpinas Development Corporation. Sicat also said that the PSE was still waiting for Securities and Exchnage Commission approval for its plan of upping ...

Duterte leads in Metro poll
Philippine Daily Inquirer - 2015-11-25
Respondents were showed a list of five names (Binay, Duterte, Poe, Roxas and Santiago) and were asked, "If the following were candidates for President of the Philippines, whom would you vote for if the 2016 elections were held today?" Pulse Asia ...

Cirtek profit up 44% in 9 months
philstar.com - 2015-11-25
MANILA, Philippines - Cirtek Holdings Philippines Corp. reported a net income of $8.2 million in the nine months to September, up 44 percent from the $5.7 million recorded a year ago. In a disclosure to the Philippine Stock Exchange (PSE), Cirtek said ...

SE Asia Stocks-Philippines closes at more than two-week high
Reuters - 2015-11-25
The Philippine key index climbed 0.95 percent to a more than two-week closing high of 7,059.14, with shares of Aboitiz Equity Ventures and Energy Development Corp leading top gainers amid foreign-led buying, stock exchange data showed. Philippine economic ...

Daiso, Robinsons Retail to strengthen PH partnership
Manila Bulletin - 2015-11-25
He also met with officials of Robinsons Retail Holdings Inc. (RRHI), appointed franchisee in the Philippines of Daiso Industries. RRHI is led by Robina Gokongwei-Pe, Wilfred Co and Katherine Michelle Yu. Yano reaffirmed the strong and exclusive partnership ...

Philippine Airlines Eyes Wide-Body Aircraft
4 Traders - 2015-11-25
MANILA--PAL Holdings Inc. (>> PAL Holdings Inc) said Wednesday that its unit, Philippine Airlines Inc., is in talks with Airbus Group SE and Boeing Co. "with the intention of buying wide-body aircraft." It said that PAL, as the airline is better known ...

House panel wants master plan for Clark airport as alternative to Naia
Philippine Daily Inquirer - 2015-11-25
Philippine Airlines (PAL) cancelled over 700 flights, while Cebu Air cancelled 847 flights for the arrival of heads of state for the Apec summit in Manila airports. Cebu Pacific rerouted four of its domestic flights to Clark as government reserved Naia for ...

Metro Retail bucks bearish market in debut
philstar.com - 2015-11-24
MANILA, Philippines - Cebu-based retailer Metro Retail Stores Group Inc. made its debut on the Philippine Stock Exchange yesterday, closing a little above its initial public offering price. Metro Retail opened at P4.30 each share before closing at P4 or ...

Italpinas builds Filipino homes with European flair
BusinessMirror - 2015-11-24
This reality is what Italpinas Development Corp. (IDC) hopes to provide Filipinos who ... Together, they have built a firm that offers a unique proposition--Filipino homes with European flair for both design and comfort in suitable regional cities of ...

Italpinas builds Filipino homes with European flair
BusinessMirror. - 2015-11-24
In Photo: Partners Romulo Valentino Nati (left) and Filipino entrepreneur Jose "Jojo" D. Leviste III. MILLIONS of Filipinos have taken the option to work abroad to give their families a better life. Many of them have, in fact, decided to assume the ...

Marcventures falls to P62-M loss in 9 months
Philstar - 2015-11-24
MANILA, Philippines - Marcventures Holdings, Inc., the parent company of Marcventures Mining and Development Corp. (MMDC), incurred a P62 million net loss in the nine months ending September due to weak metal prices. The company disclosed to the local ...

PRCI posted P1.895-billion sales by end-September
BusinessMirror. - 2015-11-24
PUBLICLY listed company Philippine Racing Club Inc. (PRCI) continued to generate low sales after it decreased by 5.64 percent to P1.895 billion in the first nine months of 2015, from P2.008 billion in the same period of last year. Again, the decline could ...

PRCI posted P1.895-billion sales by end-September
BusinessMirror - 2015-11-24
PUBLICLY listed company Philippine Racing Club Inc. (PRCI) continued to generate low sales after it decreased by 5.64 percent to P1.895 billion in the first nine months of 2015, from P2.008 billion in the same period of last year. Again, the decline could ...

D and L closes QC plant of subsidiary Chemrez
BusinessMirror. - 2015-11-24
D AND L Industries Inc. on Monday said it had to close down one of the plants of its unit Chemrez Inc. in Quezon City after fumes leaked from its operations and foul odor spread out to surrounding areas. "At 1:48 p.m. on November 22, 2015, vapor was ...

Jollibee prepares for 2 acquisitions
thestandard.com.ph - 2015-11-23
Jollibee Foods Corp. said Monday it plans to make one or two major acquisitions to become one of the five largest quick service restaurant operators in the world. Jollibee chairman Tony Tan Caktiong said in an interview at the sidelines of a special ...

PRCI posted P1.895-billion sales by end-September
BusinessMirror. - 2015-11-23
PUBLICLY listed company Philippine Racing Club Inc. (PRCI) continued to generate low sales after it decreased by 5.64 percent to P1.895 billion in the first nine months of 2015, from P2.008 billion in the same period of last year. Again, the decline could ...

D and L closes QC plant of subsidiary Chemrez
BusinessMirror. - 2015-11-23
D AND L Industries Inc. on Monday said it had to close down one of the plants of its unit Chemrez Inc. in Quezon City after fumes leaked from its operations and foul odor spread out to surrounding areas. "At 1:48 p.m. on November 22, 2015, vapor was ...

D and L closes QC plant of subsidiary Chemrez
BusinessMirror. - 2015-11-23
D AND L Industries Inc. on Monday said it had to close down one of the plants of its unit Chemrez Inc. in Quezon City after fumes leaked from its operations and foul odor spread out to surrounding areas. "At 1:48 p.m. on November 22, 2015, vapor was ...

Six thrift banks control bulk of industry assets
philstar.com - 2015-11-23
Philippine Business Bank (PBB) P62.5 billion, for 6.6 percent; and City Savings Bank, P61.8 billion, for 6.5 percent. BPI Family is a subsidiary of the Bank of the Philippine Islands, which in turn is part of Ayala Corp. PSBank is part of the Metropolitan ...

PRCI posted P1.895-billion sales by end-September
BusinessMirror. - 2015-11-23
PUBLICLY listed company Philippine Racing Club Inc. (PRCI) continued to generate low sales after it decreased by 5.64 percent to P1.895 billion in the first nine months of 2015, from P2.008 billion in the same period of last year. Again, the decline could ...

D and L closes QC plant of subsidiary Chemrez
BusinessMirror. - 2015-11-23
D AND L Industries Inc. on Monday said it had to close down one of the plants of its unit Chemrez Inc. in Quezon City after fumes leaked from its operations and foul odor spread out to surrounding areas. "At 1:48 p.m. on November 22, 2015, vapor was ...

Alibaba's Jack Ma in talks for stake in SCMP publisher: Bloomberg
MSN - 2015-11-22
SHANGHAI - Jack Ma, founder and executive chairman of Alibaba Group Holding Ltd, is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post, Bloomberg reported on Monday, citing unidentified sources familiar with the matter ...