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 goes to Indonesia
Manila Standard Today - 2015-06-17
Harbor Star Shipping Services Inc., a leading provider of harbor assistance, lighterage, salvage and towing services in the Philippines, is investing $10 million to expand its business in Indonesia. Harbor Star chairman Geronimo Bella Jr. said in an ...

Harbor Star to bag deal to haul coal to an Indonesian powerplant
BusinessMirror - 2015-06-17
TUGBOAT operator Harbor Star Shipping Services Inc. may do a follow-on offering or seek project financing deal overseas if it bags a long-term contract to do a hauling service of coal to an Indonesian power plant operator. Company Chairman Geronimo Bella ...

Harbor Star to bag deal to haul coal to an Indonesian powerplant
BusinessMirror - 2015-06-17
TUGBOAT operator Harbor Star Shipping Services Inc. may do a follow-on offering or seek project financing deal overseas if it bags a long-term contract to do a hauling service of coal to an Indonesian power plant operator. Company Chairman Geronimo Bella ...

Harbor Star to bag deal to haul coal to an Indonesian powerplant
BusinessMirror. - 2015-06-17
TUGBOAT operator Harbor Star Shipping Services Inc. may do a follow-on offering or seek project financing deal overseas if it bags a long-term contract to do a hauling service of coal to an Indonesian power plant operator. Company Chairman Geronimo Bella ...

Harbor Star to bag deal to haul coal to an Indonesian powerplant
BusinessMirror. - 2015-06-17
TUGBOAT operator Harbor Star Shipping Services Inc. may do a follow-on offering or seek project financing deal overseas if it bags a long-term contract to do a hauling service of coal to an Indonesian power plant operator. Company Chairman Geronimo Bella ...

Probers doubt sprinkler caused Ayala Cebu cinema ceiling collapse
Rappler - 2015-06-17
As of June 17, only one of the 9 is left at the hospital awaiting further tests, said lawyer Jeanette Japson, Corporate Communications Officer of Cebu Holdings, Inc., the company that operates Ayala Center Cebu. After less than an hour inside the theater ...

Cost of financial goals outweighs Filipino investment returns
Rappler - 2015-06-17
MANILA, Philippines - The average investor ... goals because costs are rising faster than their investment returns, a report from a global financial services firm reveals. Such finding is disclosed in Manulife Asset Management's report, "One step ...

Cebu City building official probes ceiling collapse in Ayala mall cinema
Philippine Daily Inquirer - 2015-06-16
At least nine people were hurt, said Jeanette Japzon, corporate communications manager of Cebu Holdings Inc., which owns Ayala Center Cebu. Japzon said all those wounded were immediately treated on site. Five of the nine, however, were brought to the ...

Cebu Air Orders 16 ATR 72-600s
Airwise - 2015-06-16
Philippine budget airline Cebu Air has placed an order for 16 ATR 72-600s, with an option to acquire 10 more, in a deal worth USD$673 million. Deliveries of the new aircraft, part of the airline's fleet renewal, will start in the third quarter of 2016 ...

Budget carrier adds 26 small planes in $673 million deal
asia.nikkei.com - 2015-06-16
MANILA -- Philippine budget airline Cebu Air on Tuesday said it may buy up to 26 ATR 72-600 passenger aircraft in a deal worth $673 million at current list prices. The operator of Cebu Pacific Air, in a press release, said it has made an initial order of ...

Research and Markets: Philippines Transport & Logistics 2015 with Nippon Express, Kuehne + Nagel and DB Schenker Logistics
Reuters - 2015-06-16
Research and Markets (http://www.researchandmarkets.com/research/4q6q8t/philippines) has announced the addition of the "Philippines Transport & Logistics 2015" report to their offering. For logistics providers, the Philippines offers many opportunities but ...

Petroenergy-led Maibarara consortium proves 10-MW of capacity for expansion
MSN - 2015-06-15
Besides PetroGreen, the MGI consortium also consists of Trans-Asia Oil and Energy Development Corporation with 25 percent and the Philippine National Oil Corporation-Renewables Corporation (PNOC-RC) with 10 percent. MGIâ s expansion project began in ...

Petroenergy-led Maibarara consortium proves 10-MW of capacity for expansion
interaksyon.com - 2015-06-15
MGI completed bore output testing that confirmed sufficient steam supply under the wellheads for its 10-MW Maibarara-2 (M2) expansion project," Petroenergy Resources Corp. (PERC) said Monday. PERC owns 90 percent of PetroGreen Energy Inc, which in turn ...

Petroenergy-led Maibarara consortium proves 10-MW of capacity for expansion
interaksyon.com - 2015-06-15
MGI completed bore output testing that confirmed sufficient steam supply under the wellheads for its 10-MW Maibarara-2 (M2) expansion project," Petroenergy Resources Corp. (PERC) said Monday. PERC owns 90 percent of PetroGreen Energy Inc, which in turn ...

Petroenergy-led Maibarara consortium proves 10-MW of capacity for expansion
interaksyon.com - 2015-06-15
MGI completed bore output testing that confirmed sufficient steam supply under the wellheads for its 10-MW Maibarara-2 (M2) expansion project," Petroenergy Resources Corp. (PERC) said Monday. PERC owns 90 percent of PetroGreen Energy Inc, which in turn ...

Petroenergy-led Maibarara consortium proves 10-MW of capacity for expansion
interaksyon.com - 2015-06-15
MGI completed bore output testing that confirmed sufficient steam supply under the wellheads for its 10-MW Maibarara-2 (M2) expansion project," Petroenergy Resources Corp. (PERC) said Monday. PERC owns 90 percent of PetroGreen Energy Inc, which in turn ...

Enough steam found for Maibarara geothermal plant expansion
Rappler - 2015-06-15
and PNOC Renewables Corporation, 10%. PGEC is a subsidiary of PetroEnergy Resources Corporation. In a disclosure to the stock exchange Monday, June 15, PGEC said MGI has completed bore output testing that "confirmed sufficient steam supply under the ...

COCKTALES | Despite absolute control, RSA, Iñigo Zobel solicit proxies for Top Frontier
interaksyon.com - 2015-06-15
Money-go-round o Italpinas Development Corp., a design and real estate development firm headed by Italian architect Romolo V. Nati (chairman and chief executive) and Filipino lawyer Jose D. Leviste III (president), has filed an application with the ...

COCKTALES | Despite absolute control, RSA, Iñigo Zobel solicit proxies for Top Frontier
interaksyon.com - 2015-06-15
Italpinas Development Corp., a design and real estate development firm headed by Italian architect Romolo V. Nati (chairman and chief executive) and Filipino lawyer Jose D. Leviste III (president), has filed an application with the Securities and Exchange ...

Saying Grace
ateneo.edu - 2015-06-15
This website is managed and owned by the Ateneo de Manila University Formation Council through the Office for Mission and Identity. You may reach us through 426-6001 local 4010-4016 or at omi@ateneo.edu.

Cebu Pacific, Cebgo flew 6M passengers January-April
Rappler - 2015-06-13
The volume of passengers carried by budget airline Cebu Air Incorporated (Cebu Pacific) and Cebgo (formerly Tiger Airways Philippines) grew 11.1% from January to April. Based on its operating statistics, Cebu Pacific and Cebgo flew 5.97 million passengers ...

DTI starts probe on flour, bread, noodle prices
Philstar - 2015-06-12
The local flour millers that were given letters are: General Milling Corp., Liberty Flour Mills, Plimico Foods Corp., Gonzalo & Sons Inc., Republic Flour Milling Corp., Universal Robina Corp., Wellington Flour Mills, Delta Milling Industries, Morning Star ...

A five-sense journey through a Spanish-inspired affair
BusinessMirror - 2015-06-12
In Photo: San Miguel Pure Foods Culinary Cente (SMPFCC) Culinary Center Team (from left) Chef Kai O, Muny Moreno, Helene Pontejos, Chef RJ Garcia, Rowena Balanga, Chef Rene Ruz, Llena Arcenas, Chef John Valley, Chef KC Jardin. HAVE you ever wondered why ...

Italpinas to weather sluggish mart on strong investor base
MSN - 2015-06-11
PROPERTY DEVELOPER Italpinas Development Corp., the fifth company to go public this year, is expected to trek higher when it debuts on the Small, Medium and Emerging Board of the Philippine Stock Exchange (PSE) today, as a strong local investor base ...

Farmers file corruption case vs 2nd richest lawmaker
Philippine Daily Inquirer - 2015-06-11
Aside from farmlands owned by his relatives, TFM claimed, Benitez also owned land through his gaming company, Leisure and Resorts World Corp. (LRWC), specifically its subsidiary Bapa Holding and Management Corp. TFM said that while Benitez resigned as LRWC ...

Bloomberry aims to start South Korean operations within the year
interaksyon.com - 2015-06-11
MANILA - Bloomberry Resorts Corp., the owner and operator of Solaire Resorts and Casino, is optimistic in its local business as well as expanding in East Asian markets. Bloomberry Chair and Chief Executive Officer Enrique K. Razon Jr., on the sidelines of ...

FASHION FOR A CAUSE
Manila Standard Today - 2015-06-11
Members of the diplomatic community - ambassadors, their wives, and officials of the Department of Foreign Affairs and the International Bazaar Foundation - walked the fashion runway for a cause during the recent Global Fashion Flair II at the New ...

EastWest to keep select branches open this weekend
interaksyon.com - 2015-06-11
MANILA - East West Banking Corporation will keep its mall-based branches open during the long Philippine Independence Day weekend. In a statement, the Gotianun-owned lender said select branches will be open to serve clients from June 12 to 14. Likewise ...

EastWest to keep select branches open this weekend
interaksyon.com - 2015-06-11
MANILA - East West Banking Corporation will keep its mall-based branches open during the long Philippine Independence Day weekend. In a statement, the Gotianun-owned lender said select branches will be open to serve clients from June 12 to 14. Likewise ...

LRT2 East, West extension projects to be completed in 2019
Rappler - 2015-06-10
DMCI Holdings Incorporated ... the project and once this is completed, travel from East to West of Metro Manila and vice versa will be easier," Transportation Secretary Joseph Emilio Abaya said. After bagging the LRT2 East Extension deal, DMCI wants ...

BDO acquires full control of life insurance business
Philstar - 2015-06-10
MANILA, Philippines - BDO Unibank Inc. has taken full control of its life insurance entity while joint venture partner Generali Group has decided to focus on its core business of non-life insurance . In a report yesterday, BDO said it terminated the joint ...

Empire East to launch mixed-use projects in Pasig, Quezon City
interaksyon.com - 2015-06-10
MANILA - Empire East Land Holdings Inc., an affiliate of Megaworld Corp., plans to launch two mixed-use development projects in Pasig and Quezon City this year. Company president Charlemagne Yu said the 1.7-hectare Broadway Centrum property in Quezon City ...

Cirtek eyes overseas acquisitions
MSN - 2015-06-09
CIRTEK Holdings Philippines Corp. is looking at acquiring several overseas companies that it hopes will enable the Laguna-based semiconductor company develop more high-value products and diversify its revenue base. In a briefing on Tuesday, Cirtek Chairman ...

Empire East set to launch 2 townships in Pasig, Quezon City
Manila Standard Today - 2015-06-09
Empire East Land Holdings Inc., a unit of Megaworld Corp. that caters to the low-income market, said it will launch two large mixed-use developments this year as part of the P25-billion five-year capital spending program. Empire East president Anthony ...

BDO to acquire full control of life insurance company
BusinessMirror - 2015-06-09
BDO Unibank Inc. (BDO) and Generali Group (Generali) have concluded an agreement to terminate the joint-venture vehicle Generali Pilipinas Holdings Co. Inc. (GPHC), the parent firm of life insurer Generali Pilipinas Life Assurance Co. (GPLAC) and nonlife ...

Appeals court clears way for GMA7 libel case against ABS-CBN
interaksyon.com - 2015-06-09
MANILA - The filing of libel charges against ABS-CBN Broadcasting Corp. stemming from its accusation that rival television station GMA Network stole its video footage recording the arrival of former Iraq hostage Angelo de la Cruz in 2004 may now proceed ...

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 ...