Suntory sells cognac unit Louis Royer SAS to Terroirs Distillers for $105 million
Economic Times - 2015-07-23
which brought cognac brand Courvoisier into the group. Philippine liquor firm Emperador Inc had also submitted a bid in May to buy Louis Royer.

PSE okays SBS IPO; sales start July 28
Manila Bulletin - 2015-07-23
The Philippine Stock Exchange has approved the planned R1.16-billion initial public offering of SBS Philippines Corporation, a chemical firm owned by the Sytengco family. PSE documents show, SBS is planning to offer 420 million common shares, at a maximum ...

Holcim, TESDA promote "Galing Mason Awards 2015" in Cordillera.
news.pia.gov.ph - 2015-07-23
BAGUIO CITY, July 23 (PIA) - - Cement manufacturer Holcim Philippines, in partnership with the Technical Education and Skill Development Authority (TESDA) is calling for nominations of working masons in the region for the "Galing Mason Award 2015".

Travel to Cavite often? MCX aims to make that easier
www.autodeal.com.ph - 2015-07-23
With a total cost of P2.0-billion, the MCX is the first Public-Private Partnership (PPP) road project under the administration of President Benigno S. Aquino III. Together with the Ayala Corporation as the private proponent.

PCPIR PROJECT
Economic Times - 2015-07-22
Iran outlined plans for the rebuilding of its core industries, saying it was targeti...

Family welfare federations to hold 1st Mindanao summit
news.pia.gov.ph - 2015-07-22
In a statement during the launching, NMFFWC chairman, Florita B. Quijano of Mabuhay Vinyl Corporation said all organized and non-organized family welfare committees in the regional level are encouraged to allow the participation of their safety officers to ...

Macroasia cuts stake in catering unit, sets up P300-M subsidiary
Manila Bulletin - 2015-07-22
MacroAsia Corporation has sold down its stake in subsidiary MacroAsia Catering Services, Inc. (MACS), the dominant airline catering company in the Philippines, in favor of joint venture partner SATS (Singapore Air Terminal Services), Ltd. (SATS).

SMC bares Liberty tender offer
Manila Standard Today - 2015-07-22
The telecommunications unit of San Miguel Corp. is making a bid to purchase all the publicly-held stake of Liberty Telecom Holdings Inc. at a price below the market. San Miguel said in a report to regulators it was earmarking P491 million to purchase 223 ...

IMI subsidiary acquires property in Bulgaria
Manila Standard Today - 2015-07-22
Integrated Micro-Electronics Inc., one of the leading worldwide providers of electronics manufacturing services owned by conglomerate Ayala Corp., said a unit has purchased a property in Bulgaria for P56.4 million (1.14 million euros). IMI said in a ...

Ayala's electronics unit spends $1.25M for Bulgaria plant
Rappler - 2015-07-22
MANILA, Philippines -- Integrated Micro-Electronics, Incorporated (IMI), the electronics arm of Ayala Corporation, spent EUR1.14 million ($1.25 million) to acquire a property that will expand its manufacturing capacity in Bulgaria. "IMI announced that ...

Ayala electronics firm's Bulgaria unit ditches lease, acquires property
interaksyon.com - 2015-07-22
MANILA - Ayala-led Integrated Micro-Electronics, Inc. (IMI) on Wednesday announced its wholly-owned and indirect subsidiary in Bulgaria acquired a property in Botevgrad for 1.14 million euros. IMI Bulgaria has executed a transfer of property from Melexis ...

Angat Dam to undergo rehab after 5 decades
Rappler - 2015-07-22
The Angat Dam and Dyke Strengthening project aims to increase the ... that amounts to P261million and flood control protection amounting to P292 million.) San Miguel Corporation's subsidiary SMC Global Power and Korea Water Resources Corp (K-water) are ...

IMI's Bulgaria unit buys property for capacity expansion
GMA Network - 2015-07-22
Integrated Microelectronics Inc. (IMI) on Wednesday said subsidiary Integrated Micro-Electronics Bulgaria EOOD (IMI BG) acquired a 16,275 sqm. property from Melexis Bulgaria EOOD to help meet its capacity expansion. In a disclosure to the Philippine Stock ...

Globe buys rest of BayanTel
Manila Standard Today - 2015-07-21
Globe Telecom told the stock exchange it would purchase from Bayan Telecommunications Holdings Corp. and Lopez Holdings Corp. all the equity in the capital stock of BayanTel held by BTHC and LHC, valued at about 1.83 billion. The transaction involves up to ...

Tencent Ambition to Drive Xurpas Acquisitions in Southeast Asia
Bloomberg - 2015-07-21
Xurpas Inc. wants to be the Tencent Holdings Ltd. of Southeast Asia. The largest Philippine information technology company is in talks for more acquisitions in the region after investing in computer-gaming businesses in Singapore and Indonesia, President ...

The convenience of the automatic-debit arrangement
BusinessMirror. - 2015-07-21
The ADA participating banks include Bank of the Philippine Islands, Banco de Oro, Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Philippine Savings Bank and United Coconut Planters Bank. By joining the ADA ...

ECC of Semirara firm suspended
Philippine Daily Inquirer - 2015-07-21
In 2013, five workers were killed when another portion of the pit collapsed. SMPC, a unit of the Consunji-led conglomerate DMCI Holdings, was issued an ECC on Aug. 12, 1999. The ECC is a document issued by the DENR through the EMB for environmentally ...

2GO going green
Philstar - 2015-07-21
MANILA, Philippines - Logistics giant 2GO Group Inc. has tapped electric tricycle maker and assembler EMotors Inc. for the replacement of some of its transport fleet with zero-emission electric vehicles. 2GO is teaming up with EMotors in a move seen to ...

Muntinlupa-Cavite Expressway to fully open Friday
Philippine Daily Inquirer - 2015-07-21
The P2-billion Muntinlupa-Cavite Expressway is a public-Private Partnership project of DPWH, with Ayala Corporation as the private proponent. SFM Don't miss out on the latest news and information.

Empire East fills the gap, brings luxury to mid-market
Inquirer Lifestyle - 2015-07-21
Property developer Empire East Land Holdings Inc. has, without a doubt, successfully built over the past two decades a well thought-out portfolio catering largely to the growing and changing requirements of the middle-income segment. But while its success ...

Phoenix Petroleum's first-half profit up on increase in sales volume
interaksyon.com - 2015-07-21
MANILA - Phoenix Petroleum Philippines has registered a consolidated net income of P425 million for the first half of this year. In a disclosure to the Philippine Stock Exchange (PSE) Tuesday, Phoenix Petroleum said sales volume growth "resulted in a ...

ICC reduces award to First Holdings on case vs SunPower
BusinessMirror. - 2015-07-21
LOPEZ-LED First Philippine Holdings Corp. on Monday said it has received a second partial award by the International Chamber of Commerce (ICC) on the case filed by its units against SunPower Philippines Manufacturing Ltd. The company said it received a ...

Globe buys nearly 100% of Bayantel in latest deal
GMA Network - 2015-07-21
The Ayala-controlled company agreed to acquire the 70,763,707 shares of Bayan Telecommunications Holdings Corp. and Lopez Holdings Corp. in Bayantel for about P1.83 billion, according to a disclosure to the Philippine Stock Exchange on Tuesday. The ...

Se7en sins of DMCI
politics.com.ph - 2015-07-21
DMCI stands for the initials of former Public Works minister David M. Consunji who is listed as the sixth richest Filipino by Forbes Magazine with $3.9 billion in net worth. Widely respected in the business community for his business acumen and good nature ...

DIARY-Philippines to July 31
MSN - 2015-07-20
MANILA - DMCI Holdings Inc holds annual stockholders' meeting, Turf Room, Manila Polo Club, Forbes Park, Makati City, 9:30 a.m. [0130 GMT] MANILA - Global Ferronickel Holdings Inc holds annual stockholders' meeting, Metropolitan Club, Inc. Estrella corner ...

Developer lukewarm to hardcore gaming
BusinessMirror. - 2015-07-20
GAMES developer Xurpas Inc., which posed a revenue of P132.32 million in the first quarter, has no plans of investing in hardcore games like eSports. "But we are not closing doors on it," CEO Nico Jose Nolledo said. eSports refers to tournaments of ...

Phoenix Semiconductor gets $116-M capital infusion
BusinessMirror. - 2015-07-20
PHILIPPINE-LISTED South Korean firm Phoenix Semiconductor Philippines Corp. said it received more than $100 million in capital infusion by a new investor through convertible bonds. The company said its parent firm Seoul-based STS Semiconductor and ...

Phoenix Semiconductor gets $116-M capital infusion
BusinessMirror. - 2015-07-20
PHILIPPINE-LISTED South Korean firm Phoenix Semiconductor Philippines Corp. said it received more than $100 million in capital infusion by a new investor through convertible bonds. The company said its parent firm Seoul-based STS Semiconductor and ...

House of Investments prepares to redeem P8.4-M preferred shares
BusinessMirror. - 2015-07-20
HOLDING company House of Investments Inc. (HI) is buying back preferred shares amounting to P8.4 million. In a regulatory filing on Monday, the listed firm disclosed that it is redeeming 2.5 percent of its 838,517,653 shares of preferred stock ...

House of Investments prepares to redeem P8.4-M preferred shares
BusinessMirror. - 2015-07-20
HOLDING company House of Investments Inc. (HI) is buying back preferred shares amounting to P8.4 million. In a regulatory filing on Monday, the listed firm disclosed that it is redeeming 2.5 percent of its 838,517,653 shares of preferred stock ...

House of Investments prepares to redeem P8.4-M preferred shares
BusinessMirror. - 2015-07-20
HOLDING company House of Investments Inc. (HI) is buying back preferred shares amounting to P8.4 million. In a regulatory filing on Monday, the listed firm disclosed that it is redeeming 2.5 percent of its 838,517,653 shares of preferred stock ...

ICC reduces award to First Holdings on case vs SunPower
BusinessMirror. - 2015-07-20
LOPEZ-LED First Philippine Holdings Corp. on Monday said it has received a second partial award by the International Chamber of Commerce (ICC) on the case filed by its units against SunPower Philippines Manufacturing Ltd. The company said it received a ...

ICC reduces award to First Holdings on case vs SunPower
BusinessMirror. - 2015-07-20
LOPEZ-LED First Philippine Holdings Corp. on Monday said it has received a second partial award by the International Chamber of Commerce (ICC) on the case filed by its units against SunPower Philippines Manufacturing Ltd. The company said it received a ...

Consunji stocks take beating after Semirara mine incident
philstar.com - 2015-07-20
Meanwhile, the share price of DMCI Holdings Inc., which owns 56 percent of Semirara, lost 7.7 percent to close at P12.46 apiece yesterday from P13.50 per share. On July 17, the coal miner said a part of the northern edge of Panian mine caved in at around 3 ...

Antique wants Semirara mines closed after accident
Rappler - 2015-07-20
Last time, they just gave them P1 million each.) The same part of the mining site operated by Semirara Mining and Power Corporation collapsed in 2013. On Monday afternoon, July 20, the company issued a statement, saying what the Antique governor predicted ...

Tim Cone to coach Ginebra, Jason Webb to take over Star - reports
Rappler - 2015-07-20
MANILA, Philippines - San Miguel Corporation boss Ramon Ang has confirmed that 18-time PBA champion head coach and two-time Grand Slam winner Tim Cone is set to take over as the head coach of Barangay Ginebra. In an interview with Spin.ph, Ang confirmed ...

Semirara Mining to give P1M each to victims' families in Antique
Rappler - 2015-07-20
MANILA, Philippines - Semirara Mining and Power Corporation, whose mining site collapsed and buried 9 workers, said on Monday, July 20, that it would provide all the necessary support - including financial assistance, scholarships, and housing - for ...

Phoenix Semiconductor gets $116-M capital infusion
BusinessMirror. - 2015-07-20
PHILIPPINE-LISTED South Korean firm Phoenix Semiconductor Philippines Corp. said it received more than $100 million in capital infusion by a new investor through convertible bonds. The company said its parent firm Seoul-based STS Semiconductor and ...

House of Investments prepares to redeem P8.4-M preferred shares
BusinessMirror. - 2015-07-20
HOLDING company House of Investments Inc. (HI) is buying back preferred shares amounting to P8.4 million. In a regulatory filing on Monday, the listed firm disclosed that it is redeeming 2.5 percent of its 838,517,653 shares of preferred stock ...

Integrated Micro-Electronics CZ keeps investing
Evertiq - 2015-07-20
Integrated Micro-Electronics in the Czech Republic (a subsidiary of Philippine-based Integrated Micro-Electronics, Inc.), has invested in a new selective coating from Nordson - the Select Coat SL-940E/SL-941E. Not too long ago the company invested in a ...

Phoenix Semiconductor's Korean parent firm secures working capital
interaksyon.com - 2015-07-20
MANILA - The South Korean parent firm of locally-listed Phoenix Semiconductor Philippines Corporation (PSPC) has secured additional working capital from a capital infusion by a third party. In a statement, PSPC said STS Semiconductor & Telecommunications ...

Phoenix Semiconductor's Korean parent firm secures working capital
interaksyon.com - 2015-07-20
MANILA - The South Korean parent firm of locally-listed Phoenix Semiconductor Philippines Corporation (PSPC) has secured additional working capital from a capital infusion by a third party. In a statement, PSPC said STS Semiconductor & Telecommunications ...

2GO shifts to e-trikes
MSN - 2015-07-19
MANILA - 2GO Group Inc is cutting its carbon footprint by shifting to electric three-wheeled vehicles or e-trikes. EMotors Inc president Elizabeth H. Lee said the company will supply 2GOĆ¢ s electric fleet requirements which will be distributed to ports ...

Aussie-Phl group to drill for oil in disputed waters
Yahoo News - 2015-07-19
He said Palawan 55 is a wholly owned subsidiary of Trans-Asia Petroleum Corp., a Philippine Stock Exchange-listed entity controlled by businessman Ramon del Rosario Jr. Ty said the DOE has issued a total of 29 SCs allowing private foreign and local firms ...

Market likely to sustain gains
Manila Standard Today - 2015-07-19
Heavy losers were MJC Investments Corp., which declined 17.1 percent to P3.15; Philippine Realty and Holdings Corp., which dropped 13 percent to P0.400; and Makati Finance Corp., which went down by 11.5 percent to P6.

SEC okays maiden offering of SBC Philippines
Manila Standard Today - 2015-07-19
SEC director of market regulation department Felizmenio Graciano confirmed in an interview the regulator approved the registration statement filed by SBS Philippines during a meeting on Thursday afternoon. SBS Philippines plans to offer up to 420 million ...

Robinsons Retail to build 2 community malls per year
BusinessMirror. - 2015-07-19
ROBINSONS Retail Holdings Inc. said it will build at least two strip malls per year in densely populated areas nationwide during the next five years as it seeks to grow its business by putting up its stores close to the public. Robina Gokongwei-Pe ...

I-Remit to open unit in Singapore
Philstar - 2015-07-19
MANILA, Philippines - I-Remit Inc., is establishing a new and all Filipino-owned subsidiary in Singapore as part of its strategy to grow its business by more than five percent this year amid a challenging global environment. I-Remittance Singapore Pte.

House leader: Consortium ready to drill well in WPS
BusinessMirror. - 2015-07-19
Palawan 55 is a wholly owned subsidiary of Trans-Asia Petroleum Corp., a Philippine Stock Exchange-listed entity controlled by businessman Ramon R. del Rosario Jr. In a statement issued when Otto contracted the 60,000-ton Maersk Venturer, Otto CEO Matthew ...

Robinsons Retail to build 2 community malls per year
Business Mirror - 2015-07-19
ROBINSONS Retail Holdings Inc. said it will build at least two strip malls per year in densely populated areas nationwide during the next five years as it seeks to grow its business by putting up its stores close to the public. Robina Gokongwei-Pe ...