Enrile derails confirmation of Comelec chief
Rappler - 2015-09-02
She also chairs the publicly-listed Philcomsat Holdings Corporation, which Philcomsat owns. Comelec Spokesman James Jimenez said the CA suspended the confirmation hearing of Bautista and another member of the poll body, Comelec Commissioner Sheriff Abas ...

Xurpas buys half of Globe Telecom unit Yondu
interaksyon.com - 2015-09-02
MANILA, Philippines -- Listed mobile content developer Xurpas will invest P900 million for a 51 percent stake in Yondu Inc, a digital service unit of Globe Telecom. In a joint press release, Xurpas and Globe said the partnership will transform Yondu into ...

AUB bullish, acquires remittance company
Manila Standard Today - 2015-09-01
Asia United Bank, the financial arm of the Rebisco group of companies, is buying 100 percent of Singapore-based Pinoy Express PTE Ltd. in a bid to widen its coverage of the remittance market in Southeast Asia. AUB said in a disclosure to the stock exchange ...

AUB buys remittance company Pinoy Express
BusinessMirror. - 2015-09-01
Asia United Bank Corp. (AUB) on Tuesday announced its proposed acquisition of Pinoy Express Pte. Ltd. (Pinoy Express), a remittance company duly registered in Singapore. The AUB board of directors approved the planned acquisition of Pinoy Express designed ...

AUB buys remittance company Pinoy Express
BusinessMirror. - 2015-09-01
Asia United Bank Corp. (AUB) on Tuesday announced its proposed acquisition of Pinoy Express Pte. Ltd. (Pinoy Express), a remittance company duly registered in Singapore. The AUB board of directors approved the planned acquisition of Pinoy Express designed ...

AUB to buy Singapore-based remittance firm Pinoy Express
GMA Network - 2015-09-01
Asia United Bank (AUB) is buying 100 percent of Pinoy Express PTE Limited, a Singapore-based remittance company. In a disclosure to the Philippine Stock Exchange on Tuesday, the bank said it expect to complete the transaction by the fourth quarter of 2015.

AUB to acquire local remittance firm
Manila Bulletin - 2015-09-01
Asia United Bank (AUB) said its board of directors decided to acquire the remittance firm Pinoy Express PTE, Limited (Pinoy Express) to expand its market in Singapore. In a statement, the AUB said its board of directors has approved the acquisition of the ...

WITH MODESTO P. SA-ONOY
Visayan Daily Star - 2015-08-31
The complainant, Steven Chan, chairman of the Central Azucarera de Bais, cited Section (3) of Republic Act No. 3019 which declares some practices of public officers as corrupt and unlawful. This Section specifically states that among these practices is ...

Successful Strategies for Doing Business in Asia: Malaysia (Updated)
JD Supra - 2015-08-31
WHAT ROLE WILL THE GOVERNMENT OF MALAYSIA PLAY IN APPROVING AND REGULATING FOREIGN DIRECT INVESTMENT? Regulation of foreign investment in Malaysia is done both through legislation as well as governmental policies. Specific licenses and permits are required ...

Trans-Asia withdraws bid for Leyte geothermal plants
BusinessMirror. - 2015-08-31
These will contribute to the energy needs in the Visayas. Trans-Asia, the power firm of the PHINMA group, earlier reported a 74-percent jump in its net income in the first semester of the year to P377 million from P216 million in the same period a year ago.

Harbor Star income fell 80% in H1
BusinessMirror - 2015-08-31
PROFITS of tugboat operator Harbor Star Shipping Services Inc. tumbled during the first half of the year on weaker revenues as it had to stop commercial operations in one of its profitable ports and the company still has to acquire salvage products for the ...

Harbor Star income fell 80% in H1
BusinessMirror - 2015-08-31
PROFITS of tugboat operator Harbor Star Shipping Services Inc. tumbled during the first half of the year on weaker revenues as it had to stop commercial operations in one of its profitable ports and the company still has to acquire salvage products for the ...

New composition for PSE sector indices by Sept. 14
Manila Bulletin - 2015-08-31
Meanwhile, the Holding Firms index will have ATN Holdings, Inc., Minerales Industrias Corporation, and Unioil Resources & Holdings Company, Inc. as its new members while House of Investments, Inc. will be removed from the list. The Property index will see ...

Taberna takes leave at ABS-CBN
Manila Standard Today - 2015-08-31
BROADCAST journalist Anthony Taberna, a member of the Iglesia ni Cristo, announced his leave of absence from ABS-CBN Broadcasting Corp. Sunday, citing his inability to credibly comment on issues besetting his church. He said his decision had nothing to do ...

Stock-Market Outlook
BusinessMirror. - 2015-08-30
THE local equities market suffered its biggest decline since 2013 during the start of the week as it tracked global sell-off. The benchmark Philippine Stock Exchange index lost 180.17 points, or 2.48 percent, to end the week at 7,098.81. Early in the week ...

Harbor Star income fell 80% in H1
BusinessMirror. - 2015-08-30
PROFITS of tugboat operator Harbor Star Shipping Services Inc. tumbled during the first half of the year on weaker revenues as it had to stop commercial operations in one of its profitable ports and the company still has to acquire salvage products for the ...

Atlas incurs P611-M loss in H1
Philstar - 2015-08-29
MANILA, Philippines - Weighed down by lower metal prices, Atlas Consolidated Mining and Development Corp. incurred a net loss of P611 million in the first semester, a reversal of the P989 million profit recorded in the same period last year. Atlas Mining ...

Maybank ATR sees 12% net-profit growth for banking industry in 2015
BusinessMirror. - 2015-08-29
... for the Bank of the Philippine Islands (BPI), China Banking Corp., Philippine Business Bank (PBB), Philippine National Bank (PNB) and Union Bank of the Philippines (UnionBank). Based on the research, BDO has been expanding in underserved areas, as ...

Telstra eyes SMC mobile unit
Manila Standard Today - 2015-08-28
San Miguel earlier said several firms had expressed interest in teaming up with the company after buying out its Qatari partner in Liberty Telecom Holdings Inc. San Miguel president and chief operating officer Ramon Ang said it was not in a rush to get a ...

Atlas incurred P611-m loss in first half as revenues fell 39%
Manila Standard Today - 2015-08-28
Atlas Consolidated Mining and Development Corp. said Friday it posted a net loss of P611 million in the first half, a reversal of the P989-million net income it booked in the same period last year. Atlas said in a statement the profit drop was led by the ...

Atlas Mining back in black in second quarter
interaksyon.com - 2015-08-28
MANILA - Atlas Consolidated Mining and Development Corp. booked a second-quarter profit of P26 million, containing its net loss to P611 million in the first half of 2015 amid lower metal prices and volume. It told the Philippine Stock Exchange its revenues ...

Atlas Mining back in black in second quarter
interaksyon.com - 2015-08-28
MANILA - Atlas Consolidated Mining and Development Corp. booked a second-quarter profit of P26 million, containing its net loss to P611 million in the first half of 2015 amid lower metal prices and volume. It told the Philippine Stock Exchange its revenues ...

Atlas Mining back in black in second quarter
interaksyon.com - 2015-08-28
MANILA - Atlas Consolidated Mining and Development Corp. booked a second-quarter profit of P26 million, containing its net loss to P611 million in the first half of 2015 amid lower metal prices and volume. It told the Philippine Stock Exchange its revenues ...

Atlas Mining back in black in second quarter
interaksyon.com - 2015-08-28
MANILA - Atlas Consolidated Mining and Development Corp. booked a second-quarter profit of P26 million, containing its net loss to P611 million in the first half of 2015 amid lower metal prices and volume. It told the Philippine Stock Exchange its revenues ...

Forbes: Sy still richest Pinoy
Yahoo News Singapore - 2015-08-28
Lopez, the newest billionaire in the list, saw the stock price of his company, Lopez Holdings, rising 30 percent over the past year. "His best-known interest is publicly traded ABS-CBN Broadcasting, the oldest TV network in the Philippines. The stock of ...

Atlas Consolidated H1 net loss P611M amid output decline
MSN - 2015-08-27
ATLAS Consolidated Mining and Development Corp. (Atlas Mining) posted a net loss of P611 million in the first half, narrowing from the P637 million loss posted in the first quarter amid a decline in output that was mitigated by an improvement in copper ...

COCKTALES | Villar, Razon, Co buy back shares as investors rush to exit
MSN - 2015-08-27
Meanwhile, the private holding company of the Lopez clan sensed that the market direction was changing a week ahead, buying back 773,000 Lopez Holdings shares from P6.67 to P6.75 a piece. For still unclear reasons, the Lopezes stayed out of the market ...

Acesite to defer share-rights offer
BusinessMirror. - 2015-08-27
ACESITE (Phils.) Hotel Corp. on Thursday said it is deferring its stock-rights offer as a result of poor market conditions. Acesite, which operates various hotels and led by the Gatchalian family, said that its board decided to defer the said exercise ...

Acesite to defer share-rights offer
BusinessMirror. - 2015-08-27
ACESITE (Phils.) Hotel Corp. on Thursday said it is deferring its stock-rights offer as a result of poor market conditions. Acesite, which operates various hotels and led by the Gatchalian family, said that its board decided to defer the said exercise ...

Trans-Asia taps SRO funds for acquisition of power barges
Inquirer - 2015-08-27
TRANS-ASIA Oil and Energy Corp. is using the remaining proceeds of its stock rights offerings to replenish funds used to buy three power barges (PB) from the state. The power arm of listed Phinma Corp. said in a disclosure to the Philippine Stock Exchange ...

Vitarich posts P71-M net loss
Inquirer - 2015-08-27
VITARICH Corp. reported a 133-percent year-on-year surge in its net loss for the first semester, reaching P71.5 million this year from P30.6 million previously. In a performance report, Vitarich said this arose from greater loss on sale of property, plant ...

Growing old with Cagayan de Oro
Sun Star - 2015-08-27
After WWII, he invited the Sisters of St. Paul of Chartres ... for the boys and Lourdes Academy for the girls. Five years later, the RVM Sisters was awarded full ownership of Lourdes Academy. Since then, Lourdes College has branched to include basic ...

Acesite to defer share-rights offer
BusinessMirror. - 2015-08-27
ACESITE (Phils.) Hotel Corp. on Thursday said it is deferring its stock-rights offer as a result of poor market conditions. Acesite, which operates various hotels and led by the Gatchalian family, said that its board decided to defer the said exercise ...

Acesite to defer share-rights offer
BusinessMirror. - 2015-08-27
ACESITE (Phils.) Hotel Corp. on Thursday said it is deferring its stock-rights offer as a result of poor market conditions. Acesite, which operates various hotels and led by the Gatchalian family, said that its board decided to defer the said exercise ...

Who else made the Forbes' richest list in PH?
Rappler - 2015-08-27
Her family holds a small stake in the country's oldest mining firm Benguet Corporation. The bulk of her fortune is ... The Philippines' 50 richest list was compiled using shareholding and financial information obtained from the families and individuals ...

Henry Sy leads list of 50 richest Filipinos for 8th straight year
Philippine Daily Inquirer - 2015-08-27
SM Investments Corporation patriarch and mall tycoon Henry Sy leads the list of 50 richest Filipinos for the eighth consecutive year, Forbes Magazine revealed on Thursday. Sy, whose conglomerate owns the chain of SM Supermalls in the Philippines and ...

Henry Sy leads list of 50 richest Filipinos for 8th straight year
Philippine Daily Inquirer - 2015-08-27
SM Investments Corporation patriarch and mall tycoon Henry Sy leads the list of 50 richest Filipinos for the eighth consecutive year, Forbes Magazine revealed on Thursday. Sy, whose conglomerate owns the chain of SM Supermalls in the Philippines and ...

EEI bags subcontract for P3.36B Bohol airport project
Manila Bulletin - 2015-08-27
EEI Corporation has bagged a contract for the supply and construction of the civil portion of the P3.36 billion New Bohol Airport Construction and Sustainable Environment Protection Project in Panglao island. In a disclosure to the Philippine Stock ...

LIST: Forbes names richest men, women in Philippines
Philstar - 2015-08-27
MANILA, Philippines - American business magazine Forbes on Thursday released its new list of 50 richest Filipinos and their families. For the eighth consecutive year, 90-year-old shopping mogul Henry Sy, topped the list with his net worth of $14.4 ...

YOU Can Be A Billionaire, Too: How The Philippines' Richest Had Humble Beginnings
cosmo.ph - 2015-08-27
What he did: He enrolled at Far Eastern University in 1950, taking up commercial studies ... In 1985, he opened SM City North EDSA, his first supermall. Today he has nearly 50 malls across the Philippines with some branches in China.

PSE technology chief resigns over technical glitch
Manila Standard Today - 2015-08-26
For the property index, Crown Equities Inc. will join the list while Calata Corp., Island Information Technology Inc. and newly listed SSI Group Inc. will be included in the service index.

The 5 Biggest Canadian Insurance Companies
Investopedia - 2015-08-26
The five biggest Canadian insurance companies are Manulife Financial Corp. (NYSE ... including in the United Kingdom, Hong Kong and the Philippines. As of 2010, the company was ranked number 236 on the Forbes Global 2000 list. Industrial Alliance Insurance ...

No change in PSEi composition
Inquirer - 2015-08-26
The property index will see the inclusion of Crown Equities. Inc. Three issues will be part of the Services index including Calata Corp., Island Information & Technology Inc., and SSI Group, Inc. Finally, the mining and oil index will see its member ...

DoubleDragon to build 40-storey Jollibee corporate tower
Inquirer - 2015-08-25
PROPERTY developer DoubleDragon Properties Corp. has signed a deal to build a 40-storey commercial and corporate tower for globalizing fastfood giant Jollibee Foods Corp. at the Ortigas central business district. The deal is seen generating P350 million in ...

Market slump to postpone IPO plans
Manila Standard Today - 2015-08-25
including Crown Asia Chemicals Corp., which raised P222 million and SBS Philippines Corp., which generated P1.15 billion in proceeds.

Rajasthan to set up company for power purchase, sale
Economic Times - 2015-08-25
Managing Directors of the DISCOMs will be the Directors of the new company that will be named as 'Rajasthan Energy Development Corporation Ltd'. The Cabinet also decided to amend civil services pension rules in order to extend the benefit of special ...

Semirara Mining subsidiary, Meralco sign power supply deal
interaksyon.com - 2015-08-25
MANILA - Southwest Luzon Power Generation Corp. (SLPGC) has signed a two-year power supply agreement with the Manila Electric Company (Meralco). The agreement takes effect March 26, 2016 and last until Dec. 25, 2018. In a disclosure to the Philippine ...

Semirara Mining subsidiary, Meralco sign power supply deal
interaksyon.com - 2015-08-25
MANILA - Southwest Luzon Power Generation Corp. (SLPGC) has signed a two-year power supply agreement with the Manila Electric Company (Meralco). The agreement takes effect March 26, 2016 and last until Dec. 25, 2018. In a disclosure to the Philippine ...

Maintenance Schedules
meralco.com.ph - 2015-08-25
Quezon University (MLQU) in Quiapo. Portion of R. Papa St. from S. H. Loyola St. (Lepanto) to Nicanor Reyes St. (Morayta) including Mormon Church, Philippine Trust Company, Jollibee Restaurant, FEU Gymnasium, Philippine School of Business Administration ...

Meralco to source power from Southwest Luzon Power Generation Corp.
BusinessMirror. - 2015-08-25
... from a subsidiary of Semirara Mining and Power Corp. Semirara, the coal mining arm of Consunji-led DMCI, said on Tuesday that its wholly owned subsidiary, Southwest Luzon Power Generation Corp. (SLPGC), has signed a power-supply agreement with the ...