DOE, PNP start probe on Semirara tragedy
Rappler - 2015-07-19
the DOE sent its personnel to Semirara Island and begun exploring the Panian open pit coal mine of Semirara Mining and Power Corp. (SMPC) where the incident happened to determine the root cause of the accident. The DoE earlier ordered for the suspension of ...

5 dead, 4 missing in coal mine collapse
Philippine Daily Inquirer - 2015-07-18
The Department of Energy (DOE) on Friday suspended operations at the DMCI-owned Semirara Mining and Power Corp. after a landslide at an open-pit mine of the company in Antique province that killed five workers. Four other workers remains missing and ...

Victorias Milling Q3 income sweeter after cutting costs
BusinessMirror. - 2015-07-18
SUGAR firm Victorias Milling Corp. said its net income for its fiscal three quarters grew 38 percent despite a drop in its revenues. In its disclosure to the Philippine Stock Exchange (PSE), the company said income for the period ending May reached P1.31 ...

5 dead, 4 missing in coal mine collapse
Philippine Daily Inquirer - 2015-07-17
The Department of Energy (DOE) on Friday suspended operations at the DMCI-owned Semirara Mining and Power Corp. after a landslide at an open-pit mine of the company in Antique province that killed five workers. Four other workers remains missing and ...

Victorias Milling Q3 income sweeter after cutting costs
BusinessMirror. - 2015-07-17
SUGAR firm Victorias Milling Corp. said its net income for its fiscal three quarters grew 38 percent despite a drop in its revenues. In its disclosure to the Philippine Stock Exchange (PSE), the company said income for the period ending May reached P1.31 ...

Victorias Milling Q3 income sweeter after cutting costs
BusinessMirror. - 2015-07-17
SUGAR firm Victorias Milling Corp. said its net income for its fiscal three quarters grew 38 percent despite a drop in its revenues. In its disclosure to the Philippine Stock Exchange (PSE), the company said income for the period ending May reached P1.31 ...

Aegis music is for all ages
philstar.com - 2015-07-17
Ferna Arc Refreshments Corporation, RRJ, Chooks-To-Go, Ritemed Philippines, Inc., P.A Properties and PureGoldClub, Inc. For details, call 703-4329 or 332-1297.

Xurpas lets celebs own parts of unit
BusinessMirror. - 2015-07-17
CASUAL-games maker Xurpas Inc. said it allowed some local celebrities to own its unit Xeleb Inc., a unit that it developed from scratch. The company said in its disclosure to the Philippine Stock Exchange that the company will own some 67 percent of Xeleb ...

3 dead, 6 missing as part of Semirara mining pit collapses
Philippine Daily Inquirer - 2015-07-17
Isidro Consunji, President of DMCI Holdings which operates the Semirara Mining Corporation, said that nonstop rain over the last few days may have caused the landslide in the open-pit coal mine. Part of the mining pit also collapsed in 2013, leaving five ...

3 dead, 6 missing as part of Semirara mining pit collapses
Philippine Daily Inquirer - 2015-07-17
Isidro Consunji, President of DMCI Holdings which operates the Semirara Mining Corporation, said that nonstop rain over the last few days may have caused the landslide in the open-pit coal mine. Part of the mining pit also collapsed in 2013, leaving five ...

RFM : Pasta, ice cream seen to drive RFM profits to P1B this year
4 Traders - 2015-07-16
MANILA, Philippines - RFM Corp., the Concepcion-led food and beverage company, is aiming to grow its net income to P1 billion this year, banking on the strong growth of its pasta and ice cream brands. "We're looking at P1 billion. All looks good. It's an ...

PetroEnergy: Solar-power project targeted for completion by early 2016
BusinessMirror. - 2015-07-16
AN official of PetroEnergy Resources Corp. said on Thursday that a 50-megawatt (MW) solar-power project in Tarlac is targeted for completion in early 2016. "The target commercial operations for the solar project is in the first quarter of 2016 ...

PetroEnergy: Solar-power project targeted for completion by early 2016
BusinessMirror. - 2015-07-16
AN official of PetroEnergy Resources Corp. said on Thursday that a 50-megawatt (MW) solar-power project in Tarlac is targeted for completion in early 2016. "The target commercial operations for the solar project is in the first quarter of 2016 ...

65 charged for Globe Telecom theft, fraud
Rappler - 2015-07-16
MANILA, Philippines - Authorities arrested and charged 65 alleged thieves and fraudsters who were using the name and resources of Globe Telecom, the telecommunication firm said. The Philippine National Police and the National Bureau of Investigation ...

EastWest to open select branches during long weekend
interaksyon.com - 2015-07-16
In a statement, East West Banking Corporation said it select branches will be open to serve the needs of clients on July 17, a public holiday marking Eid al-Fitr. On that day, mall-based stores will be open from 9 a.m. to 5 p.m. These stores are in ...

Audi to Take Quattro All-Wheel Drive to the Moon
carguide.ph - 2015-07-16
The group of German engineers in the Part-Time Scientists team is working within the Google Lunar XPRIZE competition to transport an unmanned rover onto the moon. Audi is supporting the Part-Time Scientists with its know-how in several fields of technology ...

STI income rose 12% in fiscal year
Business Mirror - 2015-07-15
STI Education Systems Holdings Inc. on Wednesday said its net income rose 12 percent for its fiscal year ending March buoyed by a record turnout in enrollments. The company said it had a total of P731.4 million in net income for the period from the P655.2 ...

SMC unit confirms Extelcom acquisition
philstar.com - 2015-07-15
Inc. in Liberty Telecom Holdings Inc. (LTHI). Vega already owns nearly half of LTHI, making it the biggest shareholder of the telecommunications firm followed by Qtel with an ownership of less than 30 percent. "In compliance with the Securities ...

STI income rose 12% in fiscal year
BusinessMirror - 2015-07-15
STI Education Systems Holdings Inc. on Wednesday said its net income rose 12 percent for its fiscal year ending March buoyed by a record turnout in enrollments. The company said it had a total of P731.4 million in net income for the period from the P655.2 ...

Petroenergy eyes more income from African well
interaksyon.com - 2015-07-15
MANILA - Petroenergy Resources Corp. expects robust revenues this year as oil production of the consortium operating the Etame offshore field in Gabon, Africa went up to 19,000 barrels per day from 18,000 previously. "We are expanding...The increased ...

Petroenergy eyes more income from African well
interaksyon.com - 2015-07-15
MANILA - Petroenergy Resources Corp. expects robust revenues this year as oil production of the consortium operating the Etame offshore field in Gabon, Africa went up to 19,000 barrels per day from 18,000 previously. "We are expanding...The increased ...

Petroenergy eyes more income from African well
interaksyon.com - 2015-07-15
MANILA - Petroenergy Resources Corp. expects robust revenues this year as oil production of the consortium operating the Etame offshore field in Gabon, Africa went up to 19,000 barrels per day from 18,000 previously. "We are expanding...The increased ...

Petroenergy eyes more income from African well
interaksyon.com - 2015-07-15
MANILA - Petroenergy Resources Corp. expects robust revenues this year as oil production of the consortium operating the Etame offshore field in Gabon, Africa went up to 19,000 barrels per day from 18,000 previously. "We are expanding...The increased ...

Emperador Inc. sees stronger H1 performance
Manila Bulletin - 2015-07-15
Emperador Inc. said it estimated a revenue growth of 38 percent in the first half of 2015 due to the consolidation of recently-acquired whisky firm Whyte & Mackay, boosting its net income during the period. In a disclosure to the Philippine Stock Exchange ...

Phoenix Semicon on track with Clark plant expansion
Philstar - 2015-07-14
MANILA, Philippines - Phoenix Semiconductor Philippines Corp., the publicly-listed local unit of the South Korean semiconductor giant, is on track with the expansion of its manufacturing facility in Clark, utilizing part of the P1.02 billion proceeds it ...

Why the refusal?
Philstar - 2015-07-14
HIDDEN AGENDA By Mary Ann Ll. Reyes (The Philippine Star) | Updated July 15, 2015 - 12:00am Publicly listed technology solutions provider DFNN Inc. was in the news recently after an arbitration panel ordered the Philippine Charity Sweepstakes Office (PCSO ...

IMF echoes calls for PHL to raise taxes on petroleum
BusinessMirror. - 2015-07-14
The International Monetary Fund (IMF) expects oil prices to gradually increase to around $75 per barrel by 2020, which could buy net importers like the Philippines more time to save on fuel imports and adjust their petroleum taxes. In its report, titled ...

Philippine casino stocks surge on gaming revenue-growth forecast
BusinessMirror. - 2015-07-14
Alliance Global Group Inc., parent of Travellers, gained 1.6 percent. Belle Corp. gained 3.1 percent, the steepest advance in three weeks, while Leisure & Resorts World Corp. increased 2.1 percent to a three-week high.

Empire East is sky high at 21
Inquirer Lifestyle - 2015-07-14
Empire East Land Holdings, Inc., developer of landmark residential communities that have been transforming urban and suburban landscapes since 1994, is turning 21 on July 15, 2015. The prestigious property development firm invites all their esteemed ...

5 types of businesses that will always be profitable
entrepreneur.com.ph - 2015-07-14
Opportunities also exist for post-high school, post-college training for ... Filipino graduates of nursing, engineering, and accountancy courses should fill the BPO manpower shortage in the areas of medical transcription, software programming, and other ...

Italpinas pursues maiden offering
Manila Standard Today - 2015-07-13
Green building developer Italpinas Development Corp. plans to conduct a P242-million initial public offering from August 10 to 14 this year. Italpinas said in an amended registration statement filed with the Securities and Exchange Commission it would ...

Nickel Asia guarantees P3-B EPI loan
Philstar - 2015-07-13
MANILA, Philippines - Listed Nickel Asia Corp. has approved to guarantee the loan facilities of renewable energy firm Emerging Power Inc. (EPI) for up to P3 billion over a maximum period of three years. Nickel Asia said the loan facility would be ...

Luisita power project to be developed in area disputed by farmers-Anakpawis
Manila Bulletin - 2015-07-13
The proposed project site is an area controlled by the Rizal Commercial Banking Corp. (RCBC) and the Luisita Industrial Park Co. (LIPCO), firms that are connected to PERC and form part of the Yuchengo Group of Companies (YGC). The proposed Solar Park ...

2Go Group sees income hitting P1.6 B this year
Philstar - 2015-07-13
MANILA, Philippines - 2GO Group Inc., a publicly listed full-service logistics company, is aiming to hit a net income of P1.6 billion this year, a ranking official said. "Net income target is P1.6 billion," said 2GO chairman Francis Chua. He said first ...

STOCK-MARKET OUTLOOK
BusinessMirror. - 2015-07-13
Corp., Jackstones Inc. and Cebu Property Venture and Development Corp., while top losers were Keppel Philippines Properties Inc., AG Finance Inc., Manila Broadcasting Co., Pryce Corp. and Global Ferronickel Holdings Inc. TRADERS said there is more ...

2GO Mulls 25% Hike in its Revenue
Marine Link - 2015-07-13
The company has a fleet of interisland ferries and cargo ships of the former Aboitiz Transport System. In December 2010, major stockholders of the company, namely Aboitiz Equity Ventures and Aboitiz and Company Inc. sold their shares to Negros Navigation ...

SPANISH LANGUAGE IN THE PHILIPPINES
Economic Times - 2015-07-12
The typhoon is set to smash into a small cluster of coastal towns in Luzon island early b...

New supermarket to open in Ayala malls
Manila Standard Today - 2015-07-12
A 50-50 joint venture between Ayala Land Inc. and Puregold Price Club Inc. will soon launch a new retail brand called "Merkado Supermarket." Mekardo Supermarket, which needs board approval from both companies, will be based in Ayala-run shopping malls ...

STOCK-MARKET OUTLOOK
BusinessMirror. - 2015-07-12
Corp., Jackstones Inc. and Cebu Property Venture and Development Corp., while top losers were Keppel Philippines Properties Inc., AG Finance Inc., Manila Broadcasting Co., Pryce Corp. and Global Ferronickel Holdings Inc. TRADERS said there is more ...

STOCK-MARKET OUTLOOK
BusinessMirror - 2015-07-12
Corp., Jackstones Inc. and Cebu Property Venture and Development Corp., while top losers were Keppel Philippines Properties Inc., AG Finance Inc., Manila Broadcasting Co., Pryce Corp. and Global Ferronickel Holdings Inc. TRADERS said there is more ...

PSALM slated to sell ULGPP supply contracts next month August
BusinessMirror - 2015-07-12
The investor groups eyeing the ULGPP Bulk IPPA are SPC Power Corp.; Therma Central Visayas Inc.; Trans-Asia Oil and Energy Development Corp.; and Unified Leyte Geothermal Energy Inc. The ULGPP is composed of the 125-megawatt (MW) Upper Mahiao, 232.5-MW ...

STOCK-MARKET OUTLOOK
BusinessMirror. - 2015-07-12
Corp., Jackstones Inc. and Cebu Property Venture and Development Corp., while top losers were Keppel Philippines Properties Inc., AG Finance Inc., Manila Broadcasting Co., Pryce Corp. and Global Ferronickel Holdings Inc. TRADERS said there is more ...

Holcim taking over Lafarge assets in Philippines
Philstar - 2015-07-12
MANILA, Philippines - Holcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the mega-merger between the two global cement giants. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of ...

From Asian financial crisis, a hotelier is born
Inquirer - 2015-07-12
Then Monserrat returned to the Philippines, became president of the subsidiaries of Primetown Property Group, then finally went on his own. In 1999, the then 48-year-old Monserrat established Hospitality Innovators Inc. (HII), which manages condotels ...

SM, Ayala prepare Cebu plan
Manila Standard Today - 2015-07-10
He said Ayala Land planned to put up a mixed-use development, mostly residential condominiums. The company will team up with Cebu-based unit Cebu Holdings to jointly develop the project. SM Prime executive vice president Jeffrey Lim said in a separate ...

First Gen, 4 Lopez Group companies adopt schools affected by Yolanda
philstar.com - 2015-07-10
The Lopez Group companies, led by First Gen Corp., added the schools to their list of recipients under the Adopt-a-School Program (ASP) of the Department of Education (DepEd). Officials from the Lopez Group companies and the DepEd, led by Secreatry Armin ...

ABS-CBN launches TFC in Singapore
philstar.com - 2015-07-10
In a statement , ABS-CBN Corp. said TFC is being made available along with the Lifestyle Network and ABS-CBN Sports + Action to the line-up of Singtel TV. Packaged as the Kapamilya Starter, TFC will be available with its three premium channels: TFC (Ch.

Huge field to boost Bay clean-up drive
Philstar - 2015-07-10
The run is a project of Manila Broadcasting Company, in tandem with the City of Manila and Land Bank, and supported by Hapee Toothpaste, Bayad Center, Travel Book, Dok Alternatibo Mix 10 Coffee, 2Go, M. Lhuillier and Enervon.

MRC Allied to seal deal on solar-power generation by year-end
BusinessMirror. - 2015-07-10
MRC Allied Inc. said it is in talks with possible investors as the company hopes to venture into solar-power generation in Cebu. The company said it is looking to put up a 60-megawatt (MW) capacity, hoping to seal a deal with its partner before the year ends.

MRC Allied to seal deal on solar-power generation by year-end
BusinessMirror. - 2015-07-10
MRC Allied Inc. said it is in talks with possible investors as the company hopes to venture into solar-power generation in Cebu. The company said it is looking to put up a 60-megawatt (MW) capacity, hoping to seal a deal with its partner before the year ends.