Meralco, Manila Water rates down
News Philippines Yahoo - 2015-06-09
Electricity rates in June went down to P9.40 per kilowatt-hour from P9.98 per kwh in May and P10.61 a year ago, leading power distributor Manila Electric Co. (Meralco) said in an advisory yesterday. The 58-centavo reduction stemmed from the 36-centavo ...

Luisita Golf and Country Club: The grand dame of Philippine golf
BusinessMirror - 2015-06-09
In the 1950s the onset of the Hukbalahap rebellion led the Spanish owners of Tabacalera to sell Hacienda Luisita and the sugar mill Central Azucarera de Tarlac ... Further, Luisita Golf and Country Club was the first golf course to use modern turf grasses ...

BDO breaks up with Generali, takes over life insurance business
interaksyon.com - 2015-06-09
MANILA - BDO Unibank Inc is acquiring the Philippine life insurance business of Generali Group. In a statement, Henry Sy-owned BDO said it is terminating its 16-year old joint venture with global insurer Generali, namely Generali Pilipinas Holdings Company ...

Meralco, Manila Water rates down
News Philippines Yahoo - 2015-06-08
Electricity rates in June went down to P9.40 per kilowatt-hour from P9.98 per kwh in May and P10.61 a year ago, leading power distributor Manila Electric Co. (Meralco) said in an advisory yesterday. The 58-centavo reduction stemmed from the 36-centavo ...

PetroEnergy's solar arm taps Germany's Conergy for Tarlac project
MSN - 2015-06-07
MANILA â German-firm Conergy will build the 50-megawatt (MW) Tarlac Solar Power Project (TSPP) for PetroSolar Corp., a subsidiary of PetroGreen Energy Corp. â Conergy, a leading German photovoltaic (PV) solution and service provider, has recently ...

Stock mart volatility to persist this week
Manila Standard Today - 2015-06-07
Heavy losers last week were Concretae Aggregates Corp. "A" shares, which declined 29.6 percent to P48.10; Mabuhay Vinyl Corp., which went down by 20.3 percent to P2.78; and Philweb Corp., which dropped 14.4 percent to P19.

ABS-CBN, GMA clash anew in TV ratings claims
Philstar - 2015-06-07
MANILA, Philippines - TV ratings leadership remained inconclusive last month as fierce rivals ABS-CBN Broadcasting Corp. and GMA Network Inc. both claimed dominance anew based on separate surveys commissioned by the companies. ABS-CBN said it sustained its ...

Premiere Horizon acquiring 55% of Baguio property firm
Philstar - 2015-06-06
MANILA, Philippines - Premiere Horizon Alliance Corp. is taking majority ownership of a Baguio-based real estate developer for P440 million as it continues to embark on a new business direction after it exited to its gaming business. In a disclosure to the ...

Once a gold medalist, gymnastics coach Valenton-Ortega leads PH team
Rappler - 2015-06-06
They are actually just a team of five, with national team coach Jasmin Valenton-Ortega blending ... Action Council. Coach Jas has unique insight into this experience for the girls as she herself was a multiple-time gold medalist in both the 1991 SEA ...

PSE fines Alliance Select and Atlas Mining
BusinessMirror - 2015-06-06
THE Philippine Stock Exchange (PSE) on Friday said it fined tuna canner Alliance Select International Inc. and mining firm Atlas Consolidated Mining and Development Corp. for their failure to comply with the requirements under the listing and disclosure ...

PSE fines Alliance Select and Atlas Mining
BusinessMirror. - 2015-06-05
THE Philippine Stock Exchange (PSE) on Friday said it fined tuna canner Alliance Select International Inc. and mining firm Atlas Consolidated Mining and Development Corp. for their failure to comply with the requirements under the listing and disclosure ...

Hardware store franchising
Manila Standard Today - 2015-06-05
Entrepreneurs who want to operate their own hardware store may now franchise one from HuBB Stores & Services Inc. (HSSI), the retail subsidiary of cement manufacturer Holcim Philippines. The HuB Builders Center is the first community hardware store concept ...

Atlas borrowing P1.8B for Cebu copper mine
Philstar - 2015-06-05
MANILA, Philippines - Atlas Consolidated Mining and Development Corp. is borrowing P1.8 billion to finance the development of an ore source in its copper mine in Cebu. In a regulatory filing, Atlas Mining said its board approved on June 4 the availment of ...

Atlas Mining taking out loan from key shareholders to expand copper mine
interaksyon.com - 2015-06-05
MANILA - Atlas Consolidated Mining and Development Corporation is borrowing money from its key shareholders. In a disclosure to the Philippine Stock Exchange, Atlas Mining said its board of directors cleared tapping P1.8-billion in convertible loan ...

Atlas Mining taking out loan from key shareholders to expand copper mine
interaksyon.com - 2015-06-05
MANILA - Atlas Consolidated Mining and Development Corporation is borrowing money from its key shareholders. In a disclosure to the Philippine Stock Exchange, Atlas Mining said its board of directors cleared tapping P1.8-billion in convertible loan ...

Premiere Horizon acquring 55% of Baguio developer for P440M
Manila Bulletin - 2015-06-05
Publicly-listed Premiere Horizon Alliance Corporation is acquiring a 55 percent stake in Baguio property developer Goshen Land Capital Inc. for P440 million. In a disclosure to the Philippine Stock Exchange, Premiere Horizon said it is signing a ...

Philippine stock index slumps near 7,500
interaksyon.com - 2015-06-03
Top gainers were Pryce, Crown Asia and Liberty Telecoms. Liberty Telecoms yesterday said it was looking to open new revenue streams, including the lease of existing assets to other telcos. Biggest losers were Filipino Fund, Benguet A and Lorenzo Shipping.

Panlilio cleared in forgery suit over Boracay resort property
Philstar - 2015-06-03
MANILA, Philippines - The court has cleared businessman Jose Marcel Panlilio of Boulevard Holdings Inc. (BHI) from of a forgery case filed by a rival on a Boracay resort property in Aklan. "We disclose another dismissal of forgery charges filed by Mila ...

DFNN wins arbitration case vs PCSO
Philstar - 2015-06-03
MANILA, Philippines - Publicly-listed technology solutions provider DFNN Inc. has won in the arbitration proceedings against state-owned Philippine Charity Sweepstakes Office (PCSO) in connection with the cancellation of its equipment lease agreement (ELA ...

Spex seeks DOE advice on tax deficiency
Philstar - 2015-06-03
Its stakeholders include Galoc Production Co., Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., Philodrill Corp. and Forum Energy Philippines Corp. "We need to consult with them on how to do this. We are one party," said ...

Liberty Telecom wants to break even
Manila Standard Today - 2015-06-02
Liberty Telecoms Holdings Inc. plans to break even after exiting corporate rehabilitation a year ahead of schedule. "The management really wants to have a break even as soon as possible," Bienvenido Bañas, Liberty Telecoms president and chief ...

Aboitiz ventures into remittance business
Rappler - 2015-06-02
... Aboitiz Equity Ventures, Incorporated (AEV), the publicly listed holding and investment company of the Aboitiz group, acquired 51% interest in PETNET, Incorporated, marking its foray into the remittance business. PETNET is the largest Western Union ...

Arbitration panel orders PCSO to pay lotto service provider P27M
GMA Network - 2015-06-02
An arbitration committee has ordered the Philippine Charity Sweepstakes Office (PCSO) to pay lotto betting services provider DFNN Inc. P27 million in liquidated damages for terminating an equipment lease agreement (ELA) with no valid reason. DFNN ...

PCSO loses case on online lotto betting
Manila Standard Today - 2015-06-01
Listed information technology firm DFNN Inc. said it obtained a favorable ruling from an arbitration panel on the termination of its equipment lease agreement with state-run Philippine Charity and Sweepstakes Office. DFNN said in a disclosure to the stock ...

DFNN to get P27 million from PCSO for canceled contract
BusinessMirror. - 2015-06-01
THE Philippine Charity and Sweepstakes Office (PCSO) is ordered to pay P27 million to DFNN Inc. as liquidated damages for illegally terminating its agreement with the latter. In a regulatory filing on Monday, the information-technology solutions provider ...

DFNN to get P27 million from PCSO for canceled contract
BusinessMirror - 2015-06-01
THE Philippine Charity and Sweepstakes Office (PCSO) is ordered to pay P27 million to DFNN Inc. as liquidated damages for illegally terminating its agreement with the latter. In a regulatory filing on Monday, the information-technology solutions provider ...

Global Ferronickel buys more Platinum shares
Philstar - 2015-06-01
MANILA, Philippines - Global Ferronickel Holdings Inc. is acquiring additional shares of its subsidiary, nickel miner Platinum Group Metals Corp. (PGMC), for P200 million. In a disclosure to the Philippine Stock Exchange, Global Ferronickel said it would ...

Acesite takes Pagcor to court over lease deal in Manila Pavilion
Philstar - 2015-06-01
MANILA, Philippines - Listed Acesite (Philippines) Hotel Corp., owner of the Manila Pavilion Hotel, has initiated legal proceedings against the Philippine Amusement and Gaming Corp. (Pagcor) for alleged violation of their lease contract. In a disclosure to ...

2 Pinoy family-owned firms mull IPO
philstar.com - 2015-06-01
MANILA, Philippines - Two established Filipino family-owned corporations, Transnational Diversified Group (TDG) of the Delgados and CDC Holdings Inc. of the Chuas ... with Singapore-based The Ascott Ltd., Millenium Suites is now operating under Ascott ...

Tiu announced as CEO of AgriNurture
fruitnet.com - 2015-06-01
AgriNuture has announced the resignations of its president and chief executive officer Pablo Capati JR, as well as cheif financial officer Romeo Bato. Antonio Tiu will succeed Capati as president and CEO, with Kenneth Tan will be taking over as CFO, with ...

DFNN wins arbitration on wireless lotto betting dispute with PCSO
Inquirer - 2015-06-01
GAMING technology solutions provider DFNN Inc. has won an arbitration case against the state-controlled Philippine Charity Sweepstakes Office (PCSO) over a disputed wireless lotto betting contract that was scrapped during the Arroyo administration.

Market likely to recover; GDP weighs
Manila Standard Today - 2015-05-31
Weekly top losers, meanwhile, were led by Chemical Industries of the Philippines, which dropped 30.3 percent to P101; Atok-Big Wedge Co Inc., which lost25.8 percent to P11.50; and Federal Resources Investments Group Inc., which tumbled 22 percent to P12.02.

PNB-IBJL Leasing eyeing Japanese locators
BusinessMirror. - 2015-05-31
PNB-IBJL Leasing and Finance Corp., the financial leasing arm of Philippine National Bank (PNB), sees increased leasing business for Japanese locators in the country ... the bigwigs in the leasing business were BDO Leasing and Finance Inc., ORIX Metro ...

Art 2 Art pays tribute to National Artist Francisco Coching
Philstar - 2015-05-31
Produced by the Manila Broadcasting Company and hosted by Lisa Macuja, Art 2 Art is aired Sundays at 3:30 p.m. on DZRH (666 khz on the AM band), on cable television via RHTV and online through DZRH live streaming at www.dzrh.com.ph. Coching never ...

Vitarich recovers from debt, increases stock ahead of rehab plan
Rappler - 2015-05-30
MANILA, Philippines - Poultry and feeds producer Vitarich Corporation has significantly reduced its debt and increased its authorized capital stock 8 years ahead of its 15-year rehabilitation plan. As such, Vitarich said on Friday, July 4, that it would ...

IMI eyeing new plants abroad
philstar.com - 2015-05-30
MANILA, Philippines - Integrated Micro-Electronics Inc. (IMI) of the Ayala conglomerate is beefing up its operations abroad with plans of building new manufacturing plants in its international locations. Gilles Bernard, IMI chief operations officer ...

COCKTALES | Another casino rising, right in the heart of gridlocked Manila
MSN - 2015-05-29
The Capital Group, the US fund management behemoth with assets of around $1.25 trillion spread worldwide, is apparently content on being a passive investor within the LT Group despite having acquired the equivalent of 5.01 percent stake in the holding ...

Lopez Holdings to continue investing in various projects
BusinessMirror. - 2015-05-29
LOPEZ Holdings Corp. said it will continue its "investment mode" as operating units, from power generation to entertainment, expand portfolio to address the needs of the growing economy. Salvador Tirona, Lopez Holdings president, said the company will ...

Lopez Holdings to continue investing in various projects
Business Mirror - 2015-05-29
LOPEZ Holdings Corp. said it will continue its "investment mode" as operating units, from power generation to entertainment, expand portfolio to address the needs of the growing economy. Salvador Tirona, Lopez Holdings president, said the company will ...

With unique charm, Panay wind farms lure tourists
Philippine Daily Inquirer - 2015-05-29
Gov. Samuel Gumarin described the project as a "game-changer" for the local economy. The P6.4-billion project of Trans-Asia Renewable Energy Corp. (Tarec), a subsidiary of the Phinma Corp., is considered the biggest investment in the province.

With unique charm, Panay wind farms lure tourists
Philippine Daily Inquirer - 2015-05-29
PetroGreen Energy Corp., a subsidiary of PetroEnergy Resources Corp. (PERC), operates the Nabas wind farm. The first phase of the project covers 18 turbines, each with a capacity to generate 2 MW, said Francisco Delfin Jr., PERC vice president and chief ...

Lopez Holdings to continue investing in various projects
BusinessMirror. - 2015-05-29
LOPEZ Holdings Corp. said it will continue its "investment mode" as operating units, from power generation to entertainment, expand portfolio to address the needs of the growing economy. Salvador Tirona, Lopez Holdings president, said the company will ...

EastWest takes in Ageas as partner for life insurance venture
interaksyon.com - 2015-05-29
MANILA - East West Banking Corporation is venturing into the life insurance business. In a disclosure to the Philippine Stock Exchange, EastWest said it signed a joint venture agreement with Ageas Insurance International N.V. Both companies will form a ...

EastWest takes in Ageas as partner for life insurance venture
interaksyon.com - 2015-05-29
MANILA - East West Banking Corporation is venturing into the life insurance business. In a disclosure to the Philippine Stock Exchange, EastWest said it signed a joint venture agreement with Ageas Insurance International N.V. Both companies will form a ...

Pepsi invests in snack line
Inquirer - 2015-05-28
Pepsi-Cola Products Philippines Inc. (PCPPI), the exclusive bottler of PepsiCo Inc. beverages in the Philippines, will start manufacturing snack foods in the country within the year. Furqan Ahmed Syed, president of Pepsi Philippines, said the manufacturing ...

Alviera on fast track
News Philippines Yahoo - 2015-05-28
The residential projects, three in total, comprise Phase 1 of the development along with the country club, the industrial park, and two universities, namely Holy Angel University and Miriam College ... The post Alviera on fast track appeared first on ...

Jockeys run for charity sans horses
thestandard.com.ph - 2015-05-27
Other racing clubs were established since then, and today, two more in addition to MJC are still operating - the Philippine Racing Club (founded 1937) and the Metro Manila Turf Club (opened in 2013). The sport is conducted by individuals with highly ...

Philippine stock index plumbs to four-month lows
interaksyon.com - 2015-05-27
Most actively traded were SM Prime, GT Capital, URC, Metrobank and Ayala Land. Top gainers were Keppel Holdings, Mabuhay Vinyl and F&J Prince, while the biggest losers were Atok-Big Wedge, Easycall and Philippine H2O.

SMB nonalcoholic drinks to account for 30% of revenues
BusinessMirror. - 2015-05-26
The company recently acquired the nonalcoholic beverage assets of its struggling sister firm Ginebra San Miguel Inc. to diversify its revenue sources. "We were not able to comply with the requirements because Kirin is not willing to go down. We are not ...

Century Properties : Company worth emulating
4 Traders - 2015-05-26
It may not be as big as the other players in the market, but it is certainly one of the most admired. And in just a matter of five years, it has managed to catch up. In a recent presentation to analysts, the company noted that while it is currently present ...