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 ...

PetroEnergy projects go commercial
Inquirer - 2015-10-01
Two renewable energy projects of PetroEnergy Resources Corp. (PERC) have been declared commercial by the Department of Energy. These are the 12-megawatt (MW) Maibarara-2 (M2) geothermal expansion project in Batangas, owned and operated by Maibarara ...

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 ...