DOE okays PetroEnergy RE projects
BusinessMirror. - 2015-10-01
THE renewable-energy (RE) projects of PetroEnergy Resources Corp. (PERC) were granted the Certificate of Confirmation of Commerciality (CoCoC) by the Department of Energy (DOE). The certificates were issued to the 12-megawatt (MW) Maibarara-2 (M2 ...

DOE okays PetroEnergy RE projects
BusinessMirror - 2015-10-01
THE renewable-energy (RE) projects of PetroEnergy Resources Corp. (PERC) were granted the Certificate of Confirmation of Commerciality (CoCoC) by the Department of Energy (DOE). The certificates were issued to the 12-megawatt (MW) Maibarara-2 (M2 ...

DOE okays PetroEnergy RE projects
BusinessMirror. - 2015-10-01
THE renewable-energy (RE) projects of PetroEnergy Resources Corp. (PERC) were granted the Certificate of Confirmation of Commerciality (CoCoC) by the Department of Energy (DOE). The certificates were issued to the 12-megawatt (MW) Maibarara-2 (M2 ...

Metro Pacific seeks majority control of Davao Doctors Hospital for P1.6 B
philstar.com - 2015-10-01
Philippines - Metro Pacific Hospital Holdings Inc. (MPHHI), the healthcare unit of industrial conglomerate Metro Pacific Investments Corp. (MPIC), is seeking a majority stake in Davao Doctors Hospital Inc. (DDH). The Manuel V. Pangilinan-led hospital firm ...

Xurpas secures $500,000 promissory note from Singapore company Einsights Pte.
BusinessMirror. - 2015-10-01
CASUAL games maker Xurpas Inc. on Thursday said it approved the purchase of a convertible promissory note for $500,000 (P23.359 million) to be issued by Singapore-based Einsights Pte Ltd. Under the terms of the note purchase agreement, Xurpas has the ...

Philippine retailers gorge on smaller rivals
asia.nikkei.com - 2015-10-01
Last month, Robinsons Retail Holdings acquired Savers Electronic World, an appliance retailer that operates 24 stores, 21 of which are outside Manila. Robinson Retail is owned by the Gokongwei Group, which also controls snack maker Universal Robina.

Fresh Del Monte Sues Over Parallel Fruit Imports
Law 360 - 2015-10-01
Law360, New York (September 30, 2015, 8:33 PM ET) -- Del Monte Pacific has interfered with Fresh Del Monte's exclusive right to sell branded products under the well-known label in several regions worldwide, violating two settlement agreements by not ...

Online buy-and-sell firm urges more Filipinos to upgrade to smartphones
BusinessMirror. - 2015-09-30
Upgrade Philippines is spearheaded by OLX Philippines, in collaboration with the DOST-ICTO, Cherry Mobile and Globe Telecom. "Hopefully, we will reach 10 million Filipinos to upgrade to smartphones by next year," Bundalian said.

Bits on San Miguel
Philstar - 2015-09-30
BUSINESS AFTER BUSINESS By Romelinda Garces (The Freeman) | Updated October 1, 2015 - 12:00am When I was in school I always wondered how large companies like San Miguel Corporation remained in a position of leadership. With the changing times and the ...

SMC bulking up revenues to $50 B in 5 years
Philstar - 2015-09-30
MANILA, Philippines - San Miguel Corp. (SMC), the diversified conglomerate, hopes to bring its yearly consolidated revenues up to $50 billion in the next five years from an estimated $20 billion at present, its top official said. "Today, I think the ...

BIR lifts closure order vs LBC Express
Manila Bulletin - 2015-09-30
The Bureau of Internal Revenue allowed the Luzon Brokerage Corporation (LBC) Express, September 30, 2015, to reopen its 33 branches in South Metro Manila (SMM). Revenue Deputy Commissioner for Operations Nelson M. Aspe signed the lifting of the closure ...

Cirtek Holdings readies P2.88-b share sale in October
Manila Standard Today - 2015-09-29
Cirtek Holdings Philippines Corp., a Laguna-based semiconductor manufacturing company, has set the timetable for a planned P2.88-billion share sale to October. Cirtek said in a filing with the Philippine Stock Exchange it would fix the final price on Oct ...

Cirtek gets go-signal for P2.88-B follow-on offering
philstar.com - 2015-09-29
MANILA, Philippines - The Philippine Stock Exchange (PSE) has approved the P2.88 billion follow-on offering of Cirtek Holdings Philippines Corp., a Laguna-based manufacturer of integrated technology products. A follow-on offering is a share issuance subseq ...

Macay mulls stake sale after backdoor listing
Finance Asia - 2015-09-29
Macay Holdings started pre-marketing a stake sale by its founding Yao family on Monday, less than two months after completing a backdoor listing in Manila of its beverage business. Filipino businessman Alfredo Yao and his family acquired Maybank ATR Kim ...

AboitizPower eyes project in Indonesia
BusinessMirror. - 2015-09-29
Ltd., entered into an agreement with PT Medco Power ... Aboitiz Renewables Inc. (ARI) earlier signed a deal with SunEdison Philippines Helios BV (SunEdison) to formalize their partnership via a joint venture company, Maaraw Holdings, which is 60-percent ...

Cirtek to push through with share sale
GMA Network - 2015-09-29
Cirtek Holdings Philippines Corp. revealed on Tuesday that its share sale is pushing through with the necessary approvals to offer up to P2.88 billion worth of stocks in a follow-on public offering secured. The follow-on offering consists of up to 80 ...

Build PH Silicon Valley: Endeavor picks BPO entrepreneur
Rappler - 2015-09-29
MANILA, Philippines - The Philippine arm of the global non-profit entrepreneurship organization Endeavor has chosen the next batch of entrepreneurs to help transform the Philippine market and create an enviroment of "meritocracy." Endeavor aims to ...

Yuchengco Group investment company declares stock redemption, cash dividend
BusinessMirror - 2015-09-28
HOLDING firm House of Investments Inc. (HI) is redeeming two-and-a-half percent of its 817,554,712 outstanding shares of preferred stocks amounting to P8.18 million. The company disclosed on Monday its redemption of 20,438,868 preferred shares at P0.40 ...

San Miguel cement unit to increase capacity
BusinessMirror. - 2015-09-27
NORTHERN Cement Corp., a unit of San Miguel Yamamura Packaging Corp., said it recently held groundbreaking ceremonies for its $200-million plant capacity-expansion project in Pangasinan. "The economy and infrastructure sector are growing rapidly and by ...

Pru Life UK considering bancassurance venture
MSN - 2015-09-26
Inc. (Manulife Philippines) and China Banking Corp. (China Bank) also have a joint venture company -- Manulife China Bank Life Assurance Corp. Recently, BDO Unibank Inc., terminated its existing joint venture vehicle with the Italy-based Assicurazioni ...

BIR shuts down 33 courier service shops
Philippine Daily Inquirer - 2015-09-26
A total of 33 branches operated by a subsidiary of popular cargo and courier service provider LBC Express Inc. were padlocked by the Bureau of Internal Revenue (BIR) on Thursday due to unpaid taxes for the last three years amounting to P145.7 million.

BIR shuts down 33 courier service shops
Philippine Daily Inquirer - 2015-09-26
A total of 33 branches operated by a subsidiary of popular cargo and courier service provider LBC Express Inc. were padlocked by the Bureau of Internal Revenue (BIR) on Thursday due to unpaid taxes for the last three years amounting to P145.7 million.

New 600-MW coal plant eyed
Manila Standard Today - 2015-09-25
South Luzon Thermal Energy Corp., a joint venture between Trans-Asia Oil and Energy Development Corp. and AC Energy Holdings Inc. of the Ayala Group of Companies, may put up another 600-megawatt coal-fired power plant in Batangas province. The power plant ...

PH real estate on the move as election fever rises
Manila Standard Today - 2015-09-25
Another player that is making its presence felt is the Cebu-based Gaisano-owned Metro Retail Stores Group, Inc. (MRSGI). It recently opened its 20th branch Luzon, located in Calamba, Laguna. The Gaisano Group has grown its hypermarket portfolio to 12 ...

South Luzon Thermal Energy eyes expansion of Batangas plant
BusinessMirror - 2015-09-25
SOUTH Luzon Thermal Energy Corp. (SLTEC), a joint venture between Trans-Asia Oil and Development Corp. of the Phinma Group and AC Energy Holdings Inc. of the Ayala Group, plans to expand the capacity of its coal-fired power plant in Batangas to 600 ...

SEC approves DMCI's P1-B home saver bonds
interaksyon.com - 2015-09-25
MANILA - The Securities and Exchange Commission (SEC) has approved the plan of DMCI Holdings Inc. (DMCI) to issue up to P1 billion worth of deferred coupon-paying home saver bonds. The offer aims to assist retail investors in accumulating savings to be ...

Bank to pay $33 million for discriminatory mortgage lending
CNN Money - 2015-09-25
A New Jersey-based bank is paying a nearly $33 million settlement for alleged racial discrimination with its mortgage lending practices. The Department of Justice and The Consumer Financial Protection Bureau claim Hudson City Savings Bank avoided giving ...

SSS has P18 B in idle assets - COA
MSN - 2015-09-24
The COA report added that audit teams conducted an ocular inspection of some of the properties at the 15-story Pryce Tower condominium in Davao City last March 9 to 14 and found that SSS owns 15 units in the building - three on the 7th floor, seven units ...

2 new power plants on track -- First Gen
Manila Standard Today - 2015-09-24
First Gen Corp. of the Lopez Group plans to complete its 97-megawatt Avion and 414-MW San Gabriel natural gas projects in Batangas province in the next 10 months. First Gen president Francis Giles Puno told reporters at the sidelines of a forum First Gen ...

Bank to pay $33 million for discriminatory mortgage lending
CNN Money - 2015-09-24
A New Jersey-based bank is paying a nearly $33 million settlement for alleged racial discrimination with its mortgage lending practices. The Department of Justice and The Consumer Financial Protection Bureau claim Hudson City Savings Bank avoided giving ...

First Gen boosting capacity as Batangas gas plants run
philstar.com - 2015-09-24
MANILA, Philippines - First Gen Corp. of the Lopez Group will boost the capacity of the Luzon grid by end-2015 and mid 2016 through its two natural gas power facilities in Batangas despite some delays due to site preparation, its top official said.

SEC approves incorporation of Harbor Star unit
BusinessMirror. - 2015-09-24
HARBOR Star Shipping Services Inc. (HSSSI) reported that the incorporation of its wholly owned subsidiary was finally approved by the Securities and Exchange Commission (SEC). The publicly listed company said the regulator has issued the certification for ...

2007 Chrysler Pacifica
MSN - 2015-09-23
Federal investigators were continuing Tuesday to review the contents of a San Bernardino terrorist's smartphone, a day after the Justice Department lawyers told a federal judge that they no longer needed Apple Inc.'s assistance to gain access to the ...

2007 Chrysler Pacifica
MSN - 2015-09-23
The government has been adamant for weeks: FBI investigators need to unlock an encrypted iPhone used by one of the San Bernardino attackers, and Apple Inc. was the only one that could do it. A 16-year-old schoolgirl was set to be charged Tuesday with ...

SEC approves incorporation of Harbor Star unit
BusinessMirror. - 2015-09-23
HARBOR Star Shipping Services Inc. (HSSSI) reported that the incorporation of its wholly owned subsidiary was finally approved by the Securities and Exchange Commission (SEC). The publicly listed company said the regulator has issued the certification for ...

Singaporean minority shareholders of tuna canner elevate case to CA
BusinessMirror. - 2015-09-23
TUNA canner Alliance Select Foods International Inc., which has been fighting a board squabble for more than a year now, said its Singaporean minority shareholders have elevated its case to the Court of Appeals (CA), hoping to reverse an earlier decision ...

SEC approves incorporation of Harbor Star unit
BusinessMirror. - 2015-09-23
HARBOR Star Shipping Services Inc. (HSSSI) reported that the incorporation of its wholly owned subsidiary was finally approved by the Securities and Exchange Commission (SEC). The publicly listed company said the regulator has issued the certification for ...

Power outages expected in some areas of Quezon City and Makati late Wednesday
GMA Network - 2015-09-23
A wide area of Quezon City and a section of Makati City are in for power interruptions late Wednesday evening, the Manila Electric Company (Meralco ... San Lorenzo." -- ELR, GMA News

How traffic affects lives
Inquirer Lifestyle - 2015-09-22
Top real estate developer, Empire East Land Holdings, Inc. understands the struggle that every student and working professionals have to go through when commuting. Thus, the company presents transit-oriented developments in Makati and Mandaluyong City ...

Construction magnate Consunji sells entire TPLEX stake to San Miguel
Rappler - 2015-09-22
to a unit of San Miguel Corporation (SMC) for P1.8 billion. This allows diversified conglomerate SMC to gain full ownership of the Private Infra Dev Corporation (PIDC), which operates TPLEX. DMCI Holdings, Incorporated told the Philippine Stock Exchange on ...

2016 cards up for grabs as ICTSI tour unwraps
The Daily Tribune - 2015-09-22
From among the roster includes Tony Lascuña, who missed extending his reign as the top money earner for the fourth straight year with a failed title bid at ICTSI Open at Wack Wack two weeks ago and a dismal finish at Central Azucarera de Tarlac last week.

Manulife sees double-digit premium growth in 2015
Philstar - 2015-09-22
However, the bigger challenge for the Canada-based financial institution is to outperform 2013, the banner year for the industry. In that year, Manulife Philippines recorded total premium income of P15 billion, while the entire industry hit an all-time ...

Manulife Philippines launches new campaign, encourages Filipinos to achieve financial goals
Philstar - 2015-09-22
MANILA, Philippines - Manulife Philippines launched its new brand campaign "Start Your Story" which aims to encourage Filipinos to take the first step in achieving their financial goals. Actress and singer Sarah Geronimo, joining actor and ...

GMA files 2nd complaint vs SkyCable on Eat Bulaga signal loss
Rappler - 2015-09-22
MANILA, Philippines (UPDATED) -- GMA Network, Incorporated filed its second complaint against the pay TV subsidiary of ABS-CBN Corporation regarding signal disruption before the airing of noontime show Eat Bulaga - which carries the popular #AlDub segment.

AboitizPower to help produce geothermal power in Indonesia
BusinessMirror. - 2015-09-22
Ltd., entered into an agreement with PT Medco Power ... Aboitiz Renewables Inc. (ARI) earlier signed a deal with SunEdison Philippines Helios BV (SunEdison) to formalize their partnership via a joint venture company, Maaraw Holdings, which is 60-percent ...

AboitizPower to help produce geothermal power in Indonesia
BusinessMirror - 2015-09-22
Ltd., entered into an agreement with PT Medco Power ... Aboitiz Renewables Inc. (ARI) earlier signed a deal with SunEdison Philippines Helios BV (SunEdison) to formalize their partnership via a joint venture company, Maaraw Holdings, which is 60-percent ...

2007 Chrysler Pacifica
MSN - 2015-09-21
Federal Bureau of Investigation Director James Comey told a congressional panel on Tuesday that a court order forcing Apple Inc to give the FBI data from an iPhone belonging to one of the San Bernardino shooters would be "potentially precedential" in ...

Aboitiz Power goes to Indonesia
Manila Standard Today - 2015-09-21
Aboitiz Power Corp. has formed a joint venture to build a 110-megawatt greenfield geothermal power plant in East Java province in Indonesia. Aboitiz Power said in a disclosure to the stock exchange Monday wholly-owned Singapore-based subsidiary Aboitiz ...

Gotesco Land faces delisting
thestandard.com.ph - 2015-09-21
The Philippine Stock Exchange has initiated delisting procedures against dormant Gotesco Land Inc. due to repeated failure to submit reportorial requirements in violation of the disclosure rules of the exchange. The PSE said in a notice posted on its Web ...

Gotesco Land faces delisting
Manila Standard Today - 2015-09-21
The Philippine Stock Exchange has initiated delisting procedures against dormant Gotesco Land Inc. due to repeated failure to submit reportorial requirements in violation of the disclosure rules of the exchange. The PSE said in a notice posted on its Web ...