Prime Orion reported deeper loss in fiscal year ending June
BusinessMirror. - 2015-10-12
PRIME Orion Philippines Inc., the company that owns the rights to develop Tutuban in Divisoria, Manila, said it had a deeper loss during its fiscal year ending June, partly as a result of the decline in value of its shareholdings in Cyber Bay Corp. The ...

Prime Orion reported deeper loss in fiscal year ending June
BusinessMirror. - 2015-10-12
PRIME Orion Philippines Inc., the company that owns the rights to develop Tutuban in Divisoria, Manila, said it had a deeper loss during its fiscal year ending June, partly as a result of the decline in value of its shareholdings in Cyber Bay Corp. The ...

Prime Orion reported deeper loss in fiscal year ending June
BusinessMirror. - 2015-10-12
PRIME Orion Philippines Inc., the company that owns the rights to develop Tutuban in Divisoria, Manila, said it had a deeper loss during its fiscal year ending June, partly as a result of the decline in value of its shareholdings in Cyber Bay Corp. The ...

"Toward a Winning Vision" - Forbes Global CEO Conference Opens in Manila
Forbes - 2015-10-12
Among the distinguished speakers who will grace the 15 th Forbes Global CEO Conference ... Corporate Sponsors include Berjaya Corporation, Vista Land, Biomax Technologies, Tourism Promotions Board of the Philippines, FICOFI and Weber Shandwick Worldwide.

Prime Orion reported deeper loss in fiscal year ending June
BusinessMirror. - 2015-10-12
PRIME Orion Philippines Inc., the company that owns the rights to develop Tutuban in Divisoria, Manila, said it had a deeper loss during its fiscal year ending June, partly as a result of the decline in value of its shareholdings in Cyber Bay Corp. The ...

The wRap
Rappler - 2015-10-12
Among some 50 prominent global business leaders invited as speakers, 5 of them are Filipino tycoons, namely: Teresita Sy-Coson, vice chairperson of SM Investments Corporation; Enrique K. Razon Jr, chairman of the board and president of International ...

COCKTALES | Calayans brandish legal scalpels amid trademark tussle
interaksyon.com - 2015-10-12
Heard through the grapevine The Department of Finance has won over the intense lobbying of the Presidential Commission on Good Government for the appointment of a government nominee in Philcomsat Holdings Corp., naming Finance Undersecretary Carlo Carag as ...

BCDA seals P12-billion deal for solar farm project in Clark Green City
MSN - 2015-10-11
MANILA -- State-owned Bases Conversion and Development Authority (BCDA) has sealed a deal with Sunray Powe, Inc. (SPI) for the development of a 100-megawatt solar power facility worth P11.75 billion in Clark Green City in Central Luzon. The lease agreement ...

Alsons earnings surge 19% in 9 months
MSN - 2015-10-10
In a statement, Alsons said it recorded a 19 percent rise in consolidated net income to P685 million in the January-September period from P574 million in the same period last year. "Despite the lower price indices used in computing tariffs for the period ...

Association of Gaming Equipment Manufacturers (AGEM) Releases October 2015 Index
MSN - 2015-10-10
The property is owned by Melco Crown Philippines, which is a joint venture between Belle Corporation and Melco Crown ... opportunity for global gaming suppliers. The Association of Gaming Equipment Manufacturers (AGEM) produces the monthly AGEM Index ...

Rockwell ventures into beach resort
thestandard.com.ph - 2015-10-10
Speaking of Rockwell Land Corp., the property arm of the Lopez Group, is close to acquiring a beach resort in Cebu province. Rockwell Land president Nestor Padilla said the company had plans to bring its Aruga Hotel brand to Mactan Cebu. "We are bullish ...

US, Japan Expected To Complete Development Of New Sea-Launched Missile By End Of Fiscal 2016
International Business Times - 2015-10-10
"Japan also is collaborating heavily with the U.S. to develop defense kit, including the next-generation, sea-launched SM-3 Block IIA missile. Development is to conclude ... 1.5 billion sale of two Lockheed Martin Corp. Aegis combat systems and new ...

donated to Negros, Siquijor
Visayan Daily Star - 2015-10-10
Pilmico, the food subsidiary of Aboitiz Equity Ventures Inc., yesterday donated 10 piglets and six egg machines to some pre-screened beneficiaries in Negros Oriental and Siquijor. The turnover ceremony was held during the Pilmico's "Mahalin ang Pagkaing ...

InterContinental Manila to close up shop
MSN - 2015-10-09
"We thank InterContinental Hotels Group for the long and fruitful partnership which spans 46 years," Manny A. Blas, Ayala Land vice-president and head of operations for Makati, was quoted in the statement as saying. "It was one of the first developments ...

JRU slays San Sebastian to clinch Final Four berth
Rappler - 2015-10-09
MANILA, Philippines - After undergoing 7 difficult do-or-die games, Jose Rizal University notched a Final Four berth as the Heavy Bombers pulverized San Sebastian College-Recoletos, 91-69, on Friday, October 9 at the Filoil Flying V Arena in San Juan ...

Ayala Land subsidiary nears deal to acquire Rizal property
MSN - 2015-10-08
A UNIT of property giant Ayala Land, Inc. (ALI) is set to complete within the year the purchase of a portion of a sprawling property in the Rizal province owned by IRC Properties, Inc. "Yes, the deal is there and hopefully by end of the year we can ...

End of the road for Tolentino
thestandard.com.ph - 2015-10-08
Not to add salt to the wounds but, we all know the MMDA honcho has become a source of embarrassment and so Mar Roxas and company had to immediately distance themselves from the embarrassing incident. What--a party where girls were made to look like sex ...

Ex-Bulacan lawmaker dies on witness stand
Philippine Daily Inquirer - 2015-10-08
His family owns the feeds company Vitarich Corp. He is survived by his wife Eve, children Judes and Cathy, Bong and Trixie, Jackie and Joel, and Jing and Hector, and grandchildren Annika, Tara, Belle, Sophie, Ali, Teah, Keira, Zarina, Jules and AJ.

Ex-Bulacan lawmaker dies on witness stand
Philippine Daily Inquirer - 2015-10-08
His family owns the feeds company Vitarich Corp. He is survived by his wife Eve, children Judes and Cathy, Bong and Trixie, Jackie and Joel, and Jing and Hector, and grandchildren Annika, Tara, Belle, Sophie, Ali, Teah, Keira, Zarina, Jules and AJ.

Berjaya Auto up as much as 2.8% after news of no price hike for Mazda
The Malaysian Insider - 2015-10-08
BAuto is the official distributor of Mazda cars and spare parts in Malaysia (via Bermaz Motor Sdn Bhd) and the Philippines (through its 60%-owned Berjaya Auto Philippines Inc). Though it is maintaining its no price hike stance for now, the group's chief ...

Alfredo Yao: His business genius came from within, not from school
BusinessMirror. - 2015-10-08
AS a businessman, his banking arm, the Philippine Business Bank (PBB), specifically caters to corporate and SME markets. Branch count of PBB was at 116 in 2014, and expansion for 12 more are slated this year to penetrate the SME market deeper. But having ...

Alfredo Yao: His business genius came from within, not from school
BusinessMirror. - 2015-10-08
AS a businessman, his banking arm, the Philippine Business Bank (PBB), specifically caters to corporate and SME markets. Branch count of PBB was at 116 in 2014, and expansion for 12 more are slated this year to penetrate the SME market deeper. But having ...

Alfredo Yao: His business genius came from within, not from school
BusinessMirror - 2015-10-08
AS a businessman, his banking arm, the Philippine Business Bank (PBB), specifically caters to corporate and SME markets. Branch count of PBB was at 116 in 2014, and expansion for 12 more are slated this year to penetrate the SME market deeper. But having ...

Alfredo Yao: His business genius came from within, not from school
BusinessMirror. - 2015-10-08
AS a businessman, his banking arm, the Philippine Business Bank (PBB), specifically caters to corporate and SME markets. Branch count of PBB was at 116 in 2014, and expansion for 12 more are slated this year to penetrate the SME market deeper. But having ...

A luxury never before seen in Manila
BusinessMirror. - 2015-10-06
Elizabeth Ventura, Anchor Land Holdings Inc. president and director Developed ... and aesthetics that will bring a new level of luxury and elegance never before seen in Manila. It spoils its unit owners with well-thought-out amenities for utmost convenience.

Cebu Air raising P15 B from fresh bond issue
Philstar - 2015-10-06
MANILA, Philippines - Gokongwei-owned budget carrier Cebu Air is planning to issue P15 billion worth of corporate bonds before the end of the year. Proceeds would be used for the continued expansion of the airline, an industry source said yesterday.

MicroVision's PicoP® Display Technology Integrated In Innovative Sharp Corporation Mobile Robot Phone Product
www.thestreet.com - 2015-10-06
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display technology, today announced that its PicoP® display technology is at the heart of the projected display in Sharp's new...

Aboitiz Looks at Vietnam, Myanmar as Glut Hits Home
Bloomberg - 2015-10-06
Aboitiz Power shares rose 0.9 percent to 43.90 pesos, its highest close since Aug. 20, while parent Aboitiz Equity Ventures Inc. climbed 1.5 percent. The Philippine benchmark stock index advanced 1.3 percent. Demand for electricity in the Philippines rose ...

Premiere Horizon generates P400 million in exchangeable notes
BusinessMirror. - 2015-10-05
PREMIERE Horizon Alliance Corp. on Monday said it raised P400 million through the placement of exchangeable notes. The company said in its disclosure to the Philippine Stock Exchange that the amount included an oversubscription of P50 million on top of the ...

Index nearly breaches 7,000 level
Philstar - 2015-10-05
MANILA, Philippines - Shares prices rallied yesterday, testing the 6,900 resistance level following the release of sluggish US jobs data which could mean a delay in the rate hike of the US Federal Reserve. The Philippine Stock Exchange index (PSEi) surged ...

LBC Express board approves follow-on offering
BusinessMirror - 2015-10-05
The company, which is in the process of renaming itself as LBC Express Inc., said it will issue up to 10 million in new common shares as its primary offer and 59.1 million shares out of the issued and outstanding common shares of the company as its ...

Malampaya kicks off gas production from new platform
Rappler - 2015-10-05
MANILA, Philippines - Shell Philippines Exploration BV (SPEX ... The new offshore platform completes the 3 rd phase of the Malampaya project and will maintain the level of gas production to fulfill commitments under existing gas sales agreements.

Stock-Market Outlook
BusinessMirror. - 2015-10-05
Corp. Top losers were Melco Crown (Philippines) Resorts Corp., Mabuhay Vinyl Corp., Keppel Philippines Properties Inc., Transpacific Broadband Group International Inc., Bloomberry Resorts Corp. and United Paragon Mining Corp. SHARE prices are expected to ...

Stock-Market Outlook
BusinessMirror. - 2015-10-05
Top gainers for the week were TKC Steel Corp., I-Remit Inc., Liberty Telecoms Holdings Inc., Forum Pacific Inc., Dizon Copper Silver Mines Inc. and Yehey! Corp. Top losers were Melco Crown (Philippines) Resorts Corp., Mabuhay Vinyl Corp., Keppel ...

Living green is a daily routine
Inquirer Lifestyle - 2015-10-04
Even if you only have one person to join you, the domino effect could simply take it from there. Real estate developers like Empire East Land Holdings, Inc. have this green living concept in mind. That is why, in the 21 years it has been building ...

For the love of music
Manila Standard Today - 2015-10-04
And so this was what the Manila Symphony Orchestra envisioned when it held a concert dubbed "For the Love of Music" at The Theater at Solaire ... Armin Demetillo of I-Remit Inc.; John Aguilar, CEO and executive producer of Philippine Realty TV; Ophie ...

For the love of music
thestandard.com.ph - 2015-10-04
With Armin Demetillo, director of I-Remit Inc.; John Aguilar, CEO and executive producer of Philippine Realty TV; Bituin Escalante; Ophie Bakker, president of FEED Foundation; Jose Mari Chan; Peter Kawsek and Christopher Yu. Photos by Jaypee Maristaza The ...

Stock-Market Outlook
Business Mirror - 2015-10-04
For the week, losers again edged out gainers 134 to 79 and 22 shares were unchanged. Top gainers for the week were TKC Steel Corp., I-Remit Inc., Liberty Telecoms Holdings Inc., Forum Pacific Inc., Dizon Copper Silver Mines Inc. and Yehey! Corp. Top losers ...

Stock-Market Outlook
BusinessMirror. - 2015-10-04
For the week, losers again edged out gainers 134 to 79 and 22 shares were unchanged. Top gainers for the week were TKC Steel Corp., I-Remit Inc., Liberty Telecoms Holdings Inc., Forum Pacific Inc., Dizon Copper Silver Mines Inc. and Yehey! Corp. Top losers ...

Power outages during 2016 polls still possible-senator
BusinessMirror. - 2015-10-03
the 135-MW coal power plant of South Luzon Thermal Energy Corp.; and the 150-MW coal plant of Semirara Mining and Power Corp. of the Consunji Group. Osmeña cited another 150 MW of additional capacity on top of the three power projects he mentioned.

PetroEnergy secures go signal to start operation of 2 projects
Manila Bulletin - 2015-10-03
PetroEnergy Resources Corporation (PERC) has just been given the go signal by the Department of Enegry (DOE) to start the commercial operations of its two renewable energy projects. A disclosure to the Philippine Stock Exchange showed on Thursday that the ...

DOE suspends oil exploration project in Palawan
philstar.com - 2015-10-02
The consortium of SC 75 is composed of state-owned Philippine National Oil Co.-Exploration Corp. (PNOC-EC) with 35 percent, Philex Petroleum Corp. with 50 percent as operator and PERC with the remaining 15 percent. The consortium bagged the contract in the ...

A look at ASEAN countries' climate change action plans
Rappler - 2015-10-02
MANILA, Philippines - Eight out of 10 ASEAN countries ... in combatting climate change. The government is also allocating approximately $12 million annually for disaster emergency response plans. "This demonstrates that Lao PDR is not content to wait ...

Exploration activities near contested West PHL Sea canceled
GMA Network - 2015-10-02
"PetroEnergy Resources Corporation confirms that the Philippine Department of Energy has granted a force majeure on Service Contract No. 75 as this service contract area falls adjacent to SC 58 and SC 72, both of which remain under force majeure," the ...

Manila Water secures ¥40-billion loan from 3 Japanese banks
BusinessMirror. - 2015-10-02
AYALA-LED Manila Water Co. Inc. (MWCI) recently closed a seven-year loan deal worth ... It is also the longest-termed unguaranteed yen-loan facility extended by Japan-based banks to a company from the Philippines. The proceeds will be used to partly ...

Govt widens ban on Palawan oil exploration areas
Manila Standard Today - 2015-10-01
The Energy Department declared a force majeure on service contract 75, an oil and gas bloc offshore northwest Palawan, which is controlled by Philex Petroleum Corp., the oil and gas unit of Philex Mining Corp. "Under the terms of the force majeure ...

Manila Water gets P16-b Japanese loan
Manila Standard Today - 2015-10-01
Manila Water Company Inc., a unit of conglomerate Ayala Corp., secured a 40-billion yen (P15.7 billion), seven year-term loan from three Japanese banks to finance the construction of sewerage treatment plants and rehabilitation of sewer lines. Manila Water ...

Govt widens ban on Palawan oil exploration areas
thestandard.com.ph - 2015-10-01
The Energy Department declared a force majeure on service contract 75, an oil and gas bloc offshore northwest Palawan, which is controlled by Philex Petroleum Corp., the oil and gas unit of Philex Mining Corp. "Under the terms of the force majeure ...

PetroEnergy projects cleared
thestandard.com.ph - 2015-10-01
The Energy Department has declared two renewable energy projects of PetroEnergy Resources Corp. as commercial, including the 12-megawatt Maibarara-2 geothermal expansion project in Batangas and the 50-MW solar project in Tarlac. The move will enable ...

PetroEnergy projects cleared
Manila Standard Today - 2015-10-01
The Energy Department has declared two renewable energy projects of PetroEnergy Resources Corp. as commercial, including the 12-megawatt Maibarara-2 geothermal expansion project in Batangas and the 50-MW solar project in Tarlac. The move will enable ...