MJIC raises P674M for Chinatown hotel project
Philstar - 2015-07-05
MANILA, Philippines - MJC Investments Corp., a company majority owned by the Manila Jockey Club Inc. of the Reyno family, has raised P673.79 million from additional shares subscription by an investor group from Hong Kong. MJIC said its board of directors ...

DMCI sues NCCA for P20M in damages over Torre de Manila CDO
Philippine Daily Inquirer - 2015-07-05
After coming out swinging against critics of the Torre de Manila condominium, DMCI Homes, the condominium developer, is now demanding over P20 million in damages from the National Commission for Culture and the Arts for a cease and desist order against the ...

57 companies seek DOE okay for grid-impact studies
BusinessMirror - 2015-07-04
The list also revealed that Trans-Asia Oil and Energy Development Corp. plans to put up a 3×300, or a total of 900-MW, coal-power facility in Sual, Pangasinan. H&WB Asia Pacific Corp. will put up a 2×350 coal-power plant in Camarines Norte.

Regulator scales back roster of Shariah-compliant firms
Business Mirror - 2015-07-04
The Philippine Stock Exchange Inc. (PSE) has trimmed down the roster of Shariah-compliant firms in its most recent review of listed firms to only 53 from 60 only three months earlier, data released on Friday show. The PSE said more than 260 listed ...

Regulator scales back roster of Shariah-compliant firms
BusinessMirror - 2015-07-04
The Philippine Stock Exchange Inc. (PSE) has trimmed down the roster of Shariah-compliant firms in its most recent review of listed firms to only 53 from 60 only three months earlier, data released on Friday show. The PSE said more than 260 listed ...

Roller-coaster ride at the PSE in first half
Manila Bulletin - 2015-07-04
Synergy Grid & Development Philippines Inc. 49.97 percent, Bright Kindle Resources & Investments 47.60 percent, Jackstones Inc. 46.99 percent, Premium Leisure Corporation 44.60 percent, Global Ferronickel Holdings Inc. 40.88 percent, Travellers ...

Maintenance Schedules
meralco.com.ph - 2015-07-04
Minutes of all General or Special Stockholders' Meetings Other Disclosures INVESTOR RELATIONS

Regulator scales back roster of Shariah-compliant firms
BusinessMirror. - 2015-07-03
The Philippine Stock Exchange Inc. (PSE) has trimmed down the roster of Shariah-compliant firms in its most recent review of listed ... There were six new Islamic finance-compliant entities, namely, A. Soriano Corp., Crown Asia Chemicals Corp., Global ...

DMCI says Torre de Manila is no "photo bomber"
Manila Standard Today - 2015-07-03
DMCI Homes, the property unit of listed conglomerate DMCI Holdings Inc., came out with guns blazing this week, when it held a press conference where it argued that that the company violated no heritage laws when it built the 49-story Torre de Manila ...

Trans-Asia plans 600-MW plant in Pangasinan
Manila Standard Today - 2015-07-03
Trans Asia Oil and Energy Corp. plans to build a 600-megawatt coal fired power plant in Pangasinan province, records from the Energy Department show. The department earlier allowed Trans-Asia to conduct the grid impact study for the two by 300-MW Baquioen ...

Regulator scales back roster of Shariah-compliant firms
BusinessMirror. - 2015-07-03
including AP Group Inc., Bogo-Medellin Milling Co. Inc., Century Peak Metals Holdings Corp., Dizon Copper Silver Mines Inc., DoubleDragon Properties Corp., EEI Corp., Forum Pacific Inc., Keppel Philippines Properties Inc., NiHAO Mineral Resources ...

CTBC, Manulife forge ad hoc, product-specific sale pact
BusinessMirror - 2015-07-03
CTBC Bank (Philippines ... trust clients," the insurance executive said. The Manulife Affluence Max Gold allows customers to make a one-time investment in a Manulife-managed fund that suits their financial goals. The Manulife Affluence Income enables ...

T-Mobile-Sprint Fight, Less Liberty -- Telecom Winners and Losers
The Street - 2015-07-02
NEW YORK (TheStreet) -- It wasn't exactly Floyd Mayweather and Manny Pacquiao but the CEOs of T-Mobile (TMUS - Get Report) and Sprint (S) engaged in a surprisingly fierce Twitter feud late Wednesday. In Thursday trading, T-Mobile's stock price closed up 0 ...

Cebu sugar industry lost P300M income since Super typhoon Yolanda
Philstar - 2015-07-02
Other contributing factors, he said, is the dilapidated machineries of the Bogo-Medellin Milling Company, which has been in existence for 84 years already. The aging lone milling facility produces less sugarcane extracts or juices. Miranda said the ...

Drilling for oil in offshore Palawan to start early August - Otto Energy
GMA Network - 2015-07-02
"The drillship Maersk Venturer which is currently in Labuan, Malaysia is expected to arrive at the well location by 31 July 2015, with actual drilling to commence 1 to 2 days thereafter," Trans-Asia Petroleum Corp. said in a filing released Thursday.

DPWH clears design of Metro Pacific Group's NLEX-SLEX Connector Road
interaksyon.com - 2015-07-02
Besides MPIC, MNTC, which operates NLEX, also counts among its shareholders the following: Egis Projects S.A. of France, Leighton Asia Ltd. of Australia and state-owned Philippine National Construction Corporation.

DPWH clears design of Metro Pacific Group's NLEX-SLEX Connector Road
interaksyon.com - 2015-07-02
Besides MPIC, MNTC, which operates NLEX, also counts among its shareholders the following: Egis Projects S.A. of France, Leighton Asia Ltd. of Australia and state-owned Philippine National Construction Corporation.

National Bookstore to focus on expansion; backdoor listing stalls
Manila Bulletin - 2015-07-01
The backdoor listing of NBS through Vulcan Industrial & Mining Corp. was to have supposedly occurred in the first quarter of 2014, more than a year after the latter announced that its board approved its plan to change the name and purposes of Vulcan.

Filinvest Land wins bid for 19-hectare Cebu property
interaksyon.com - 2015-07-01
Earlier, a consortium formed by property giants SM Prime Holdings Inc. and Ayala Land Inc. and its affiliate Cebu Holdings, Inc, also won the bid for the development of a 26-hectare portion of SRP for P10 billion.

PBB buys Insular Savers Bank
Inquirer - 2015-07-01
PHILIPPINE Business Bank (PBB), a thrift bank led by the group of Zest-O founder Alfredo Yao, has struck a deal to buy Insular Savers Bank Inc., the rural banking arm of the Martirez family. In a disclosure to the Philippine Stock Exchange, PBB said it had ...

SM, Ayala win Cebu project
Manila Standard Today - 2015-06-30
SM Prime said in a disclosure to the stock exchange it had formed a consortium with Ayala Land and its affiliate Cebu Holdings Inc. to bid for the project. SM-ALI Group said the project was expected to benefit from the combined financial muscle ...

PhilRealty unveils diversification plan
Manila Standard Today - 2015-06-30
Philippine Realty Holdings Corp., a listed holding company that exited corporate rehabilitation last year, said Tuesday it will diversify into new businesses including education, healthcare, financial services and power projects. PhilRealty president and ...

PhilRealty diversifies into power sector, education
BusinessMirror. - 2015-06-30
PHILIPPINE Realty and Holdings Corp. (PhilRealty) on Tuesday said it will diversify its business to include power, health care and education, in a move to weather the cyclicality of the real-estate business. The company, which has just went out of ...

PhilRealty diversifying into energy, healthcare
Philstar - 2015-06-30
MANILA, Philippines - Publicly-listed Philippine Realty and Holdings Corp. (PhilRealty) is moving from being a purely upscale residential developer to other business ventures such as healthcare, education, financial services and energy over the next 10 ...

Torre de Manila, Rizal monument can co-exist - DMCI
philstar.com - 2015-06-30
The developers of Torre de Manila stood firm yesterday in arguing that there ... DMCI Homes, the property unit of listed conglomerate DMCI Holdings Inc., also said it followed all the rules and complied with all relevant laws needed for the development ...

Ayala Land, SM Prime to codevelop Cebu property
BusinessMirror. - 2015-06-30
SM Prime and Ayala Land unit Cebu Holdings Inc (CHI) formed a consortium that won the bidding for the 26-hectare Lot No. 8-B-1 at SRP. "With the resources and expertise of these real-estate companies, this newest development at the SRP is planned as ...

PhilRealty embarks on wide diversification
Manila Bulletin - 2015-06-30
Philippine Realty and Holdings Corporation, a high-end property developer, is diversifying into healthcare, education, financial services and energy businesses to insulate its earnings from the cyclical nature of the real estate industry. "PhilRealty is ...

Megawide quadruples spending budget for 2015
Rappler - 2015-06-30
MANILA, Philippines - Megawide Construction Corporation has more than tripled its capital ... most likely in the 3rd quarter of this year." - Rappler.com

PhilRealty diversifies into power sector, education
Business Mirror - 2015-06-30
PHILIPPINE Realty and Holdings Corp. (PhilRealty) on Tuesday said it will diversify its business to include power, health care and education, in a move to weather the cyclicality of the real-estate business. The company, which has just went out of ...

PhilRealty diversifies into power sector, education
BusinessMirror. - 2015-06-30
PHILIPPINE Realty and Holdings Corp. (PhilRealty) on Tuesday said it will diversify its business to include power, health care and education, in a move to weather the cyclicality of the real-estate business. The company, which has just went out of ...

PSBank boosts mobile app
Philstar - 2015-06-30
MANILA, Philippines - The Philippine Savings Bank (PSBank) is re-launching its mobile app, PSBank Mobile, with an easy-to-use interface and a security feature that allows clients to do banking transactions faster while on the go. The enhanced PSBank Mobile ...

Philrealty eyes new pillars of growth outside real estate
Inquirer - 2015-06-30
UPSCALE property developer Philippine Realty and Holdings Corp. (Philrealty) is diversifying into energy, healthcare, education and financial services businesses to hedge against any potential downturn in the real estate cycle. In a press briefing on ...

Arthaland Corp defends Batangas property purchase
Inquirer - 2015-06-30
ARTHALAND Corporation maintained that buying the Batangas property for P9.7 million is above board. The corporation issued the statement after the Philippine Deposit Insurance Corporation (PDIC) filed before the Department of Justice (DOJ) a complaint for ...

PhilRealty forays into energy, other sectors outside real estate
interaksyon.com - 2015-06-30
MANILA - Listed high-end real estate developer Philippine Realty and Holdings Corp. (PhilRealty) on Tuesday announced its foray into energy and other sectors outside real estate, as it makes a big leap in its diversification plan to boost revenue.

PhilRealty forays into energy, other sectors outside real estate
interaksyon.com - 2015-06-30
MANILA - Listed high-end real estate developer Philippine Realty and Holdings Corp. (PhilRealty) on Tuesday announced its foray into energy and other sectors outside real estate, as it makes a big leap in its diversification plan to boost revenue.

SM-Ayala Land consortium bags Cebu's South Road Properties project
interaksyon.com - 2015-06-30
Consortium SM-ALI Group, composed of SM Prime Holdings, Inc. (SM Prime) and Ayala Land, Inc. (ALI) and its affiliate, Cebu Holdings, Inc., plans to develop Lot No. 8-B-1 at South Road Properties as another showcase of integrated and master planned ...

SM-Ayala Land consortium bags Cebu's South Road Properties project
interaksyon.com - 2015-06-30
Consortium SM-ALI Group, composed of SM Prime Holdings, Inc. (SM Prime) and Ayala Land, Inc. (ALI) and its affiliate, Cebu Holdings, Inc., plans to develop Lot No. 8-B-1 at South Road Properties as another showcase of integrated and master planned ...

SM-Ayala Land consortium bags Cebu's South Road Properties project
interaksyon.com - 2015-06-30
Consortium SM-ALI Group, composed of SM Prime Holdings, Inc. (SM Prime) and Ayala Land, Inc. (ALI) and its affiliate, Cebu Holdings, Inc., plans to develop Lot No. 8-B-1 at South Road Properties as another showcase of integrated and master planned ...

Check out these 10 business stress-busters
entrepreneur.com.ph - 2015-06-30
Subscribe to Newsletter Log In Register

Towards the full modernization of Mindanao
senate.gov.ph - 2015-06-30
On learning that they must submit to the leadership and control of the MILF, one Muslim tribal leader remarked, that under the guise of being liberated from imperial Manila ... the investments and resources will follow. This of course needs full study ...

ABRA is buying western chain Kadel Auto Body
Star Tribune - 2015-06-29
One of ABRA's largest hubs is in the Twin Cities and Wisconsin, where it has more than 30 collision repair centers. Dee DePass is a business reporter for the Star Tribune. She spent the last four years covering Minnesota's manufacturing and mining industries.

DFNN seeks higher payment from PCSO
Philstar - 2015-06-29
MANILA, Philippines - Listed technology solutions provider DFNN Inc. is seeking higher payment from the Philippine Charity Sweepstakes Office (PCSO) in connection with an arbitration case it won last May. In a disclosure to the Philippine Stock Exchange ...

3 Reasons Melco Crown Stock Could Fall (MPEL, MGM)
Investopedia - 2015-06-29
Let's look at three reasons why Melco Crown Entertainment stock could head still lower in the future. 1. The Philippines hasn't drawn traffic One of the hopes that Melco Crown had in developing its City of Dreams Manila resort in the Philippines was that ...

Work on second terminal at Philippine's Cebu airport launched
Economic Times - 2015-06-29
NEW DELHI: GMR group in collaboration with Megawide Corporation today kick-started expansion and modernisation work of the Mectan-Cebu International Airport (MCIA) in Philippines by performing ground-breaking ceremony for the construction of Terminal 2 at ...

Work on second terminal at Philippine's Cebu airport launched
Economic Times - 2015-06-29
NEW DELHI: GMR group in collaboration with Megawide Corporation today kick-started expansion and modernisation work of the Mectan-Cebu International Airport (MCIA) in Philippines by performing ground-breaking ceremony for the construction of Terminal 2 at ...

DFNN seeks P310 million from PCSO for termination of contract
BusinessMirror. - 2015-06-29
PUBLICLY listed firm DFNN Inc. is seeking a change in the amount of liquidated damages to be paid by the Philippine Charity Sweepstakes Office (PCSO) for terminating its equipment lease agreement (ELA). In the Petition of Correction of Arbitral Award filed ...

AUB sees better net income for 2015
BusinessMirror. - 2015-06-29
Asia United Bank (AUB) President Abraham Co projected net income significantly better this year than last on the back of economic growth expected at accelerate to 6.5 percent in terms of the gross domestic product. The bank will continue to grow its ...

China Bank secures $158M loan facility
Manila Bulletin - 2015-06-29
China Banking Corporation (China Bank) has secured a US$158 million three-year term loan facility from regional and international banks. In a statement, China Bank said the proceeds will be used for general corporate purposes and to support the ...

Philex Petroleum to pare down debt
interaksyon.com - 2015-06-29
MANILA - Philex Petroleum Corporation said it will partially settle US$10 million of its US$59.4 million debt with Philex Mining Corporation. "Philex Petroleum Corp. will partially settle the debt by paying US$10 million in cash," the company said in a ...

Philex Petroleum to pare down debt
interaksyon.com - 2015-06-29
MANILA - Philex Petroleum Corporation said it will partially settle US$10 million of its US$59.4 million debt with Philex Mining Corporation. "Philex Petroleum Corp. will partially settle the debt by paying US$10 million in cash," the company said in a ...