Anchor Land to spend P1.5B for new merged Admiral Hotel, G Hotel
BusinessMirror. - 2015-06-28
ANCHOR Land Holdings Inc. said it is spending P1.5 billion to refurbish the historic Admiral Hotel in Manila and combine it with its recently acquired hotel. Steve Li, Anchor Land vice chairman, said the company is merging Admiral Hotel with G Hotel to ...

Anchor Land to spend P1.5B for new merged Admiral Hotel, G Hotel
BusinessMirror. - 2015-06-28
ANCHOR Land Holdings Inc. said it is spending P1.5 billion to refurbish the historic Admiral Hotel in Manila and combine it with its recently acquired hotel. Steve Li, Anchor Land vice chairman, said the company is merging Admiral Hotel with G Hotel to ...

STOCK-MARKET OUTLOOK
BusinessMirror. - 2015-06-28
Corp., Keppel Philippines Holdings Inc. A, Minerales Industrias Corp. and AG Finance Inc. Top losers, meanwhile, were First Abacus Financial Holdings Corp., Grand Plaza Hotel Corp., Melco Crown (Philippines) Resorts Corp., Makati Finance Corp., Vivant Corp ...

PCG vows to observe maritime safety all year round
MSN - 2015-06-28
He was referring to the Aug. 16, 2013 incident, when passenger and cargo ship M/V St. Thomas Aquinas, owned and operated by 2Go Travel, sank after a collision with the cargo ship M/V Sulpicio Express Siete of the Philippine Span Asia Carrier Corp. Around ...

San Miguel, DMCI, Megawide eye regional prison in Nueva Ecija
Rappler - 2015-06-27
The PPP Center announced Friday, June 26 that the 3 groups submitted prequalification documents for the proposed modern regional prison facilities to be built in a 500-hectare portion of Fort Magsaysay in Nueva Ecija. The project is being undertaken by the ...

Xurpas acquires 70% stake in Seer
Rappler - 2015-06-27
MANILA, Philippines - Consumer technology firm Xurpas Incorporated has acquired a 70% stake in Seer Technologies, Incorporated. Seer is a software consultancy, design, development, and managed services firm focused on mobile, cloud, and data technologies.

P10-B township to rise in historic Iloilo town
Manila Bulletin - 2015-06-26
Global-Estate Resorts Inc. (GERI), a Megaworld subsidiary, said it will develop Santa Barbara Heights into a mixed-use urban community. GERI President Monica Salomon said it will invest P10-billion for a period of 10 years to develop the 173-hectare property.

GMA-7 terminated deal abruptly -- Ang
Manila Standard Today - 2015-06-26
Businessman Ramon Ang on Friday accused the owners of GMA Network Inc. of abruptly terminating the plan to sell a minority stake in the broadcast company while talks were ongoing. Gozon Ang Ang was responding to the statement of GMA Network blaming him for ...

Anchor Land still upbeat in NCR, launching 6 new projects in 2015
interaksyon.com - 2015-06-26
MANILA - Luxury residential developer Anchor Land Holdings Inc. (ALHI) remains upbeat in Metro Manila market as it launches six new projects here this year. ALHI chief executive officer Steve Li told reporters that the company will concentrate its ...

Puregold about to close deal with supermarket chain
Rappler - 2015-06-26
MANILA, Philippines - There's another acquisition development this week in the supermarket chain business, as Puregold Price Club Incorporated of Lucio Co-led Cosco Capital Incorporated aims to grow its grocery chain by 50% from 2015 to 2019. Puregold is ...

Century Properties launches Novotel Suites Manila
Manila Standard Today - 2015-06-26
Century Properties Group, through its subsidiary Century Limitless Corporation (CLC), launched this week the Novotel Suites Manila, in partnership with international hotel group, AccorHotels. The development is targeted for completion in 2019. "This ...

Clark Green City: Ayala, Filinvest, Megaworld secure bid documents
Rappler - 2015-06-26
Ayala Land Incorporated, Filinvest Land, Incorporated, and Megaworld Corporation secured the bid documents ... Casanova said the development of Clark Green City will definitely boost the economy of Central Luzon. "It will serve as an economic driver ...

Atlas secures P1.8B convertible loan from Ramos, SM groups
Manila Bulletin - 2015-06-26
... and Development Corporation said it has obtained a P1.8 billion from its principal shareholders Alakor Corporation, Anglo Philippine Holdings Corporation, and the SM Group to support its copper mining business. In a disclosure to the Philippine ...

Xurpas acquires software design company
interaksyon.com - 2015-06-26
MANILA - Xurpas Inc. on Friday said it acquired a 70-percent stake in Seer Technologies, Inc., a local software consultancy, design, development and managed services firm, for P18 million. In a disclosure to the Philippine Stock Exchange (PSE), Xurpas ...

Vivant eyes P67-B power projects
Manila Bulletin - 2015-06-26
Listed energy firm Vivant Corporation (Vivant) of the Garcia-Escano family of Cebu is eyeing P67 billion worth of new power generation projects in the next three years as continues its expansion in the local power industry. "Vivant is always looking for ...

Apex acquires majority of Itogon Suyoc
Manila Standard Today - 2015-06-25
Apex Mining Company Inc. has agreed to acquire majority of the outstanding capital stock of Itogon Suyoc Resources Inc., a mining company in Benguet province, for P182.7 million. Apex said in a disclosure to the stock exchange it had signed agreements for ...

PLDT, Globe open to talks on acquiring stake in GMA Network
Manila Standard Today - 2015-06-25
The group of Philippine Long Distance Telephone Co. may revive talks with the owners of GMA Network Inc. to acquire a minority stake in the broadcast company. "You know, we are always open to, as I said, content providers like themselves [GMA7].

GMA-7 talent group wins regularization case vs TV network
Philippine Daily Inquirer - 2015-06-25
has won its regularization case versus television giant GMA Network, Inc. In a June 22 decision signed on Thursday by labor arbiter Julio Gayaman, the National Labor Relations Commission (NLRC) declared TAG members as regular employees of the television giant.

Lorenzo Shipping profits in 2014 despite port congestion
Rappler - 2015-06-25
MANILA, Philippines - Domestic shipping liner Lorenzo Shipping Corporation (LSC) ended what was a troubling year for the domestic shipping industry on a good note. LSC president Roberto Umali said the start of 2014 was a challenging year for the domestic ...

GERI to build township in Iloilo
MSN - 2015-06-24
MANILA - Global-Estate Resorts, Inc. (GERI) is building a township in Sta. Barbara, Iloilo. In a statement, GERI said the 173-hectare Sta. Barbara Heights will be the 18 th township of the Megaworld Group. ΓΆ We are allocating P10-billion to develop Sta.

Trans-Asia raises interest in SC6 to 7.78%
BusinessMirror. - 2015-06-24
The composition of the new SC6 Block A consortium is as follows: Philodrill Corp., with 51.65 percent; Petro Energy Resources Corp., 16.67 percent; Anglo Philippine Holdings Inc., 11.11 percent; Trans-Asia, 7.78 percent; Forum Energy Philippines Inc., 5.56 ...

Trans-Asia raises interest in SC6 to 7.78%
BusinessMirror. - 2015-06-24
The composition of the new SC6 Block A consortium is as follows: Philodrill Corp., with 51.65 percent; Petro Energy Resources Corp., 16.67 percent; Anglo Philippine Holdings Inc., 11.11 percent; Trans-Asia, 7.78 percent; Forum Energy Philippines Inc., 5.56 ...

Trans-Asia raises interest in SC6 to 7.78%
Business Mirror - 2015-06-24
The composition of the new SC6 Block A consortium is as follows: Philodrill Corp., with 51.65 percent; Petro Energy Resources Corp., 16.67 percent; Anglo Philippine Holdings Inc., 11.11 percent; Trans-Asia, 7.78 percent; Forum Energy Philippines Inc., 5.56 ...

Trans-Asia raises interest in SC6 to 7.78%
BusinessMirror. - 2015-06-24
The composition of the new SC6 Block A consortium is as follows: Philodrill Corp., with 51.65 percent; Petro Energy Resources Corp., 16.67 percent; Anglo Philippine Holdings Inc., 11.11 percent; Trans-Asia, 7.78 percent; Forum Energy Philippines Inc., 5.56 ...

Japan, Philippines defy China with second spy plane flight
Rappler - 2015-06-24
An encounter between a Chinese vessel and a survey ship contracted by Filipino firm Philex Petroleum in 2012 has stalled exploration in the area. The Philippines and Japan are in the middle of their second-ever naval joint maneuvers this week, which ...

Premiere Horizon to issue up to P600 million in exchangeable notes
interaksyon.com - 2015-06-24
MANILA - Premiere Horizon Alliance Corp. (PHA) is gearing up to issue up to P600-million worth of exchangeable notes, with proceeds from the offering to be used to fund its expansion and pursue acquisitions. In a disclosure with the Philippine Stock ...

Premiere Horizon to issue up to P600 million in exchangeable notes
interaksyon.com - 2015-06-24
MANILA - Premiere Horizon Alliance Corp. (PHA) is gearing up to issue up to P600-million worth of exchangeable notes, with proceeds from the offering to be used to fund its expansion and pursue acquisitions. In a disclosure with the Philippine Stock ...

FRONTIER LIFELINE
Economic Times - 2015-06-23
14 Jul, 2015, 09.52AM IST Top Frontier plans $1.5 billion nickel plant in Philippines Top Frontier Investment Holdings Inc is looking to build a $1.5 billion nickel processing plant in the southern Philippines. The Metro has become a huge hit with ...

GMA Network terminates buy-in talks with RSA
Philstar - 2015-06-23
Major shareholders of GMA Network include GMA Holdings Inc. with 25.17 percent, Group Management & Development Inc. with 23.47 percent, FLG Management & Development Corp. with 20.01 percent, M.A. Jimenez Enterprises with 13.49 percent, and Television ...

Demolish Torre de Manila, solon tells DMCI
Philippine Daily Inquirer - 2015-06-23
D.M. Consunji, better ask your construction arm to demolish Torre de Manila, which one lawmaker described as "the Ugly Giant," from the view of Rizal Park and refund condominium unit buyers or risk being blacklisted from doing business with the government.

EastWest mortgage business seen growing faster than industry
BusinessMirror - 2015-06-23
Among the major players in the middle segment of the housing mortgage business are BDO Unibank, the Bank of the Philippine Islands (BPI), Metrobank, the Philippine Savings Bank and EastWest Bank. Others include Security Bank, Union Bank, the Philippine ...

EastWest mortgage business seen growing faster than industry
BusinessMirror. - 2015-06-22
Among the major players in the middle segment of the housing mortgage business are BDO Unibank, the Bank of the Philippine Islands (BPI), Metrobank, the Philippine Savings Bank and EastWest Bank. Others include Security Bank, Union Bank, the Philippine ...

PSE launches new trading system today
philstar.com - 2015-06-22
MANILA, Philippines - The Philippine Stock Exchange Inc. (PSE) is proceeding with the debut of its new trading system today after deferring its supposed launch last June 1 following further testing and approval required from the Securities and Exchange ...

Century Properties allots P6B -P8B a year for tourism-related projects
Manila Bulletin - 2015-06-22
Century Properties Group, Inc. is investing P6 billion to P8 billion a year over the next five years for its tourism-related projects--starting with the first Novotel Suites Manila. "We view tourism as one of the low hanging fruits of the Philippine ...

Moving lives closer together
Rappler - 2015-06-22
Bridging Filipino Families Across the Globe LBC Express has had the privilege of being a conduit for these treasured connections for more than 60 years. Catering to Filipinos and more around the globe, LBC Express has been delivering important documents ...

DMCI Homes to start developing projects outside of Metro Manila
BusinessMirror. - 2015-06-22
THE real-estate arm of the Consunji-led DMCI Holdings Inc. said it will develop more projects outside Metro Manila, as provincial development starts to mature amid a company effort to grow the business by 10 percent every year. "We want to grow our ...

DMCI Homes to start developing projects outside of Metro Manila
BusinessMirror. - 2015-06-21
THE real-estate arm of the Consunji-led DMCI Holdings Inc. said it will develop more projects outside Metro Manila, as provincial development starts to mature amid a company effort to grow the business by 10 percent every year. "We want to grow our ...

Erap ready to demolish Torre
philstar.com - 2015-06-20
However, Estrada presented documents showing Lim that signed a building permit to DMCI Holdings Inc. indicating the approval of a 49-story condominium building. Estrada said he is considering filing charges against Lim for saying he received money from ...

Filipino Real Estate: Megaworld And Ayala Land
Seeking Alpha - 2015-06-20
The real estate industry in the Philippines is on track for high future growth, which will result from business process outsourcing, and growth in retail sales and the tourism industry. Past growth in the Philippines and these industries provides ...

PetroEnergy allots P175m for Tarlac solar plant
Manila Standard Today - 2015-06-19
PetroEnergy Resources Corp. has reallocated the P175-million proceeds from a recent stock rights offering to fund the 50-megawatt Tarlac solar plant instead of the second phase of the 36-megawatt Nabas wind power project in Aklan. The company said the P175 ...

SSI to bring in Joe Fresh to Philippines
BusinessMirror. - 2015-06-19
SSI Group Inc., the specialty retailer of the Tantoco family, said its unit has entered into a franchise partnership with Loblaw Cos. Ltd. and its affiliates, the owners of Joe Fresh, to bring in the clothing brand in the country. The company said its unit ...

PetroEnergy reallots P174.67M for Tarlac solar power project
BusinessMirror. - 2015-06-19
PETROENERGY Resources Corp. is reallocating P174.67 million worth of funding for its solar-power project in Tarlac. An amount of P174,673,326 was previously allotted for the second phase of its wind farm-power project in Nabas for the period. But the ...

Therma Visayas seals P32B loan deal for Cebu coal plant
Manila Bulletin - 2015-06-19
Therma Visayas, Inc. (TVI), a power firm owned by Aboitiz Power Corporation and Vivant Corporation, has sealed an agreement with a group of banks to obtain a P31.97 billion loan to fund the construction of its 300MW coal-fired power plant in Toledo City ...

PetroEnergy reallocates funding to solar project
Manila Bulletin - 2015-06-18
The funding originally earmarked by PetroEnergy Resources Corporation (PERC) for the phase 2 of its Nabas wind power project has been re-allocated to its proposed 50-megawatt solar power project in Tarlac province. This was stipulated by the company in its ...

Travellers allots P8-b capex
Manila Standard Today - 2015-06-18
Travellers International Hotel Group Inc. is spending P8 billion in capital expenditures this year, up from P5.9 billion in 2014, Travellers president and chief executive officer Kingson Sian said Thursday. Sian said in an interview following the annual ...

PSBank secures ATM cards with lock feature
BusinessMirror. - 2015-06-18
The Philippine Savings Bank (PSBank), the thrift bank arm of Metrobank Group, recently introduced a lock and unlock feature for its automated teller machine (ATM) cardholders that will help insulate them against the rising incidence of ATM and card fraud.

PSBank secures ATM cards with lock feature
BusinessMirror. - 2015-06-18
The Philippine Savings Bank (PSBank), the thrift bank arm of Metrobank Group, recently introduced a lock and unlock feature for its automated teller machine (ATM) cardholders that will help insulate them against the rising incidence of ATM and card fraud.

Harbor Star Shipping to double overseas revenues in 5 years
Manila Bulletin - 2015-06-18
Tugboat and marine services firm Harbor Star Shipping Services, Inc. is aiming to double the revenue contribution of its overseas operations to 40 percent in five years as it sees limited growth in local ports. "Well there is some plan to almost double ...

PSBank secures ATM cards with lock feature
BusinessMirror. - 2015-06-18
The Philippine Savings Bank (PSBank), the thrift bank arm of Metrobank Group, recently introduced a lock and unlock feature for its automated teller machine (ATM) cardholders that will help insulate them against the rising incidence of ATM and card fraud.

PSBank secures ATM cards with lock feature
BusinessMirror. - 2015-06-18
The Philippine Savings Bank (PSBank), the thrift bank arm of Metrobank Group, recently introduced a lock and unlock feature for its automated teller machine (ATM) cardholders that will help insulate them against the rising incidence of ATM and card fraud.