Panlilio firm incurs net loss in 9 months
philstar.com - 2015-04-21
MANILA, Philippines - Profits of Boulevard Holdings Inc. (BHI) of businessman Jose Marcel Panlilio continued to evaporate in the first three quarters of its 2015 fiscal year ending May as an Aklan property held hostage by its former owners for more than a ...

LBC Express unit expects robust growth
Philstar - 2015-04-21
MANILA, Philippines - Express courier services firm LBC Express, Inc. expects revenues from its retail and corporate solutions businesses to post double-digit growth this year as it banks on demand for services of overseas Filipino workers (OFWs) and ...

Century Properties to spend P20B for Palawan project
Rappler - 2015-04-21
MANILA, Philippines - Century Properties Group Incorporated is spending P20 billion ($452.28 million) over a 10-year period for its first tourist resort project in Palawan. In a disclosure to the stock exchange, Century Properties said it signed a ...

4 groups interested to be Ippa of Leyte geothermal power plants
BusinessMirror. - 2015-04-21
Ledesma Jr. said. From six, the list was trimmed to four after Coal Asia Holdings Inc. and Masinloc Power Partners Co. Ltd. no longer pursued the next stage of the bidding process, which is the submission of confidentiality agreement and payment of ...

4 groups interested to be Ippa of Leyte geothermal power plants
BusinessMirror. - 2015-04-21
Ledesma Jr. said. From six, the list was trimmed to four after Coal Asia Holdings Inc. and Masinloc Power Partners Co. Ltd. no longer pursued the next stage of the bidding process, which is the submission of confidentiality agreement and payment of ...

Selling slows on last-minute bargain hunting at Philippine stock market
interaksyon.com - 2015-04-21
Today's most actively traded stocks were URC, BDO, GT Capital, Ayala, Metrobank and DMCI. Top gainers were Prime Orion, Atok-Big Wedge and Medco, while the biggest losers were Pryce, Filipino Fund and PhilRealty.

Selling slows on last-minute bargain hunting at Philippine stock market
interaksyon.com - 2015-04-21
Today's most actively traded stocks were URC, BDO, GT Capital, Ayala, Metrobank and DMCI. Top gainers were Prime Orion, Atok-Big Wedge and Medco, while the biggest losers were Pryce, Filipino Fund and PhilRealty.

Century Properties acquires 56-hectare property in Palawan
BusinessMirror. - 2015-04-21
CENTURY Properties Group Inc. on Tuesday said it signed a memorandum of agreement to acquire 56 hectares of property to develop a beachfront lifestyle destination development in the municipality of San Vicente in the northwestern part of Palawan province.

Century Properties putting up resort in Palawan
interaksyon.com - 2015-04-21
MANILA - The property company of former ambassador Jose E.B. Antonio has acquired a beachfront property in Palawan. In a disclosure to the Philippine Stock Exchange, Century Properties Group Inc said it signed a memorandum of agreement for the acquisition ...

Valenzuela solon laments Ombudsman move to announce graft raps
Philippine Daily Inquirer - 2015-04-21
The graft and malversation complaint stemmed from the irregular acquisition of the Local Water Utilities Administration (LWUA) of the insolvent Esbi owned by the Gatchalians, the plastic tycoons in Valenzuela city, and the Forum Pacific Inc. (FPI).

Lopez Holdings profit almost doubles to P3.76B in 2014
Manila Bulletin - 2015-04-21
Lopez Holdings said its attributable net income almost doubled in 2014, citing strong performance of First Philippine Holdings Corporation (FPHC) and associates. In a disclosure to the Philippine Stock Exchange, Lopez Holdings said its attributable net ...

Manila Water to cut rate by P1.66 per cubic meter in 2015
Philippine Daily Inquirer - 2015-04-21
The Manila Water Co. Inc. officially disclosed to the Philippine Stock Exchange on Tuesday that it lost its arbitration case with the Metropolitan Waterworks and Sewerage System (MWSS) on its proposed water rates. As a result, the water services provider ...

MGB allows Philex Mining to develop $1.2B Silangan copper-gold project
Manila Bulletin - 2015-04-21
The government has allowed Philex Mining Corporation to develop its $1.2 billion Silangan copper-gold project in Surigao del Norte. In a disclosure to the Philippine Stock Exchange, Philex said it has been given the green light by the Department of ...

Lopez Group doubles net income on gains from power business
interaksyon.com - 2015-04-21
MANILA - Lopez Holdings Corporation grew its earnings two-fold in 2014. According to a report to the Philippine Stock Exchange, the listed holding company of the Lopez family earned P15.760 billion last year, or double the P7.459 billion in 2013.

Lopez Group doubles net income on gains from power business
interaksyon.com - 2015-04-21
MANILA - Lopez Holdings Corporation grew its earnings two-fold in 2014. According to a report to the Philippine Stock Exchange, the listed holding company of the Lopez family earned P15.760 billion last year, or double the P7.459 billion in 2013.

Revilla accounts frozen, but only P291,205 left
News Philippines Yahoo - 2015-04-21
The second biggest amount was found at the Land Bank of the Philippines Senate Extension Office Branch at P72,195.17, followed by an Asia United Bank (AUB) account containing P24,606.94. Records showed that the rest have very minimal amounts while others ...

ASEAN Economic Community 2015 poised to surpass EU in the next decade
Manila Bulletin - 2015-04-20
"A lot of improvements have been made in tariffs," said Teresita Sy-Coson, vice chairperson at SM Investments Corporation in the Philippines. "Maybe the next step will be the opening up of borders." In the sector of tourism, discussion is already ...

F5 safeguards applications with new cloud-based WAF service
Government Security News - 2015-04-20
Historically, enforcing web application security and compliance policies across a variety of traditional and cloud environments has meant greater complexity, security gaps, and higher costs. As a result, a number of organizations choose to offload WAF ...

Religare Capital partners with Philippines' FSG to provide advice on fundraising
VC Circle - 2015-04-20
In Philippines, RCM's advisory portfolio includes Travellers International Hotel Group, Philweb Corporation, Puregold Price Club Inc and STI Education.

Philex Petroleum mulls over buying stocks of minority shareholders in Forum Energy
GMA Network - 2015-04-20
Philex Petroleum Corp. on Monday said it if ever it would buy the stocks of minority shareholders in Forum Energy Plc. the offer price would be something like 20 percent per share. Forum Energy, whose application for the London Stock Exchange's (LSE) AIM ...

Revilla closed 5 bank accounts since pork scam scandal
Philippine Daily Inquirer - 2015-04-20
Five of the accounts were closed by Revilla and Mercado after news of the pork barrel scam broke. These are two Asia United Bank accounts which were closed on August 11, 2014; a CTBC Bank trust account of Mercado (Oct. 9, 2013); a CTBC trust account ...

Banks accused BIR of violating court TRO
Philippine Daily Inquirer - 2015-04-20
During the hearing, Atty. Stephen George S.D. Aquino said three of the petitioner banks -Deutsche Bank AG, Philippine Bank of Communications and Bank of America--each received Final Assessment Notices (FAN) on April 8 despite the issuance of a TRO.

Banks accused BIR of violating court TRO
Philippine Daily Inquirer - 2015-04-20
During the hearing, Atty. Stephen George S.D. Aquino said three of the petitioner banks -Deutsche Bank AG, Philippine Bank of Communications and Bank of America--each received Final Assessment Notices (FAN) on April 8 despite the issuance of a TRO.

2GO profit up despite port congestion
interaksyon.com - 2015-04-20
In a disclosure to the Philippine Stock Exchange, 2GO Group Inc said it earned P843 million in 2014, up 271 percent from the P227 million the previous year. Revenue rose 7.5 percent to P14.4 billion from P13.4 billion over the same period on the strength ...

2GO profit up despite port congestion
interaksyon.com - 2015-04-20
In a disclosure to the Philippine Stock Exchange, 2GO Group Inc said it earned P843 million in 2014, up 271 percent from the P227 million the previous year. Revenue rose 7.5 percent to P14.4 billion from P13.4 billion over the same period on the strength ...

ayala corporation
Campden FB - 2015-04-19
The oldest business in the Philippines, owned by one family for 180 years, has been awarded a prestigious award that celebrates the impact of family-run firms on the global economy. The oldest family business in the Philippines, owned by one family for 180 ...

The 50 most common job interview questions
MSN - 2015-04-19
If you're interviewing at companies like Google or Twitter, you can expect to be asked questions that are slightly less common -- and way more bizarre.

PT&T franchise up for congressional renewal
Philstar - 2015-04-19
MANILA, Philippines - The House Committee on Legislative Franchises has endorsed for plenary approval a bill renewing the franchise granted to the Philippine Telegraph and Telephone Corp. (PT&T) for another 25 years. Bill 5601, authored by Leyte Rep.

Gatchalians say raps a political vendetta
Philippine Daily Inquirer - 2015-04-18
The Gatchalians are the executives and owners of Wellex Group (WGI) and Forum Pacific Inc. (FPI), which owned and operated Esbi when LWUA bought it in 2009. According to the resolution issued on March 16 by Ombudsman Conchita Carpio-Morales, the ...

PAL Holdings posts P787-million comprehensive income in 2014, its first profit in four years
The Daily Tribune - 2015-04-18
PAL Holdings Inc., the parent company of flag carrier Philippine Airlines, has reported total comprehensive income of P786.8 million for 2014, a remarkable achievement that snapped a three-year losing streak and puts the company on a path to sustained growth.

Pichay, 5 Gatchalians sued
Philippine Daily Inquirer - 2015-04-17
READ: Ombudsman approves graft raps vs Pichay, Gatchalians Also ordered indicted were Valenzuela City Rep. Sherwin Gatchalian and his brothers ... executives and owners of Wellex Group (WGI) and Forum Pacific Inc. (FPI), which owned and operated Esbi ...

Pichay, 5 Gatchalians sued
Philippine Daily Inquirer - 2015-04-17
P80 million in profits The Gatchalians are the executives and owners of Wellex Group (WGI) and Forum Pacific Inc. (FPI), which owned and operated Esbi when LWUA bought it in 2009. According to the resolution issued on March 16 by Ombudsman Conchita Carpio ...

P135-M ferry terminal project in Iloilo City questioned anew
Philippine Daily Inquirer - 2015-04-17
In a resolution adopted on Tuesday, the city council called on Mayor Jed Patrick Mabilog to issue a cease and desist order against DoubleDragon Properties Corp. and its subsidiary, CityMall Commercial Centers Inc. Councilor Plaridel Nava, who authored the ...

Nickel Asia ventures into renewable energy
philstar.com - 2015-04-17
MANILA, Philippines - Listed miner Nickel Asia Corp. (NAC) is exercising its option to convert a loan extended to Emerging Power Inc. (EPI) to a controlling stake in the firm as the mining firm moves to diversify to the renewable energy business.

LWUA lost P80M in bank takeover, Pichay to face charges
Rappler - 2015-04-17
Former LWUA administrator Prospero Pichay Jr and 6 other LWUA officials, as well as corporate executives of WELLEX Group Inc (WGI), Forum Pacific Inc (FPI), and Express Savings Bank Inc (ESBI) face indictment for 3 counts of graft, 3 counts of malversation ...

Lucio Tan-owned PNB nets P5.5B in 2014
Rappler - 2015-04-17
MANILA, Philippines - The Philippine National Bank (PNB) reported Friday ... and North America with 77 overseas branches and offices among Philippine banks. - Rappler.com

Bloomberry to spend at least $1 billion in South Korea project
Business Mirror - 2015-04-16
Bloomberry Resorts Corp., a company controlled by port magnate Enrique K. Razon Jr., bared on Thursday plans to spend at least $1 billion at its casino and property-development venture in South Korea, scheduled to break ground by 2017. Razon told reporters ...

PetroEnergy raising P600-M via stock rights offer for expansion projects
Manila Bulletin - 2015-04-16
Filipino listed firm PetroEnergy Resources Corporation will be raising P600-million via stock rights offering to partly bankroll its expansion projects. According to PetroEnergy, "the offer price will be computed based on the volume-weighted average ...

PAL recovers, nets P129.74M in 2014
Rappler - 2015-04-16
In a financial report submitted to the Philippine Stock Exchange (PSE), PAL Holdings Inc. said it booked a net income of P129.74 million ($2.92 million) in 2014, reversing the P11.85 billion ($266.71 million) net loss recorded end-December 2013 ...

Metro Pacific hikes stake in Meralco
interaksyon.com - 2015-04-16
MANILA - Metro Pacific Investments Corporation (MPIC) is increasing its ownership in Meralco. In a disclosure to the Philippine Stock Exchange, MPIC said it will acquire from Beacon Electric Asset Holdings Inc some 112.71 million shares in Manila ...

ABS-CBN changes ad pricing model
Manila Standard Today - 2015-04-15
ABS-CBN Corp. said Wednesday it will roll out a new pricing model to advertisers in May to bring accountability and efficiency in the media buying process. ABS-CBN chairman Eugenio Lopez III said in a statement the cost per individual rating point pricing ...

MGI plant to hike power-generation capacity to 31 MW
BusinessMirror - 2015-04-15
MGI, a joint venture mainly by Petroenergy Resources Corp. and Trans-Asia Oil and Energy Development Corp., is still considering to whom to sell the output of the increased capacity. The plant, which started commercial operations on February 8, is ...

MGI plant to hike power-generation capacity to 31 MW
BusinessMirror. - 2015-04-15
It is also expected to have its financial closing by August 2015. Petroenergy Resources Corp., a partner in MGI, disclosed on Monday that the company will offer stocks amounting to a total of P600 million for future projects. Delfin said the expansion has ...

Vitarich widens loss to P578 M in 2014
Philstar - 2015-04-15
MANILA, Philippines - Listed animal feeds and livestock firm Vitarich Corp. widened its loss last year as it continued to seek ways to get out of corporate rehabilitation. Vitarich reported a net loss of P578.21 million last year, up 44.2 percent from the ...

Aliwan Fiesta photo competition
Manila Standard Today - 2015-04-15
The photography competition, launched by Manila Broadcasting Company, is open to both amateur and professional photographers, using digital or film-based cameras and camfones or tablets. Photos must be taken during the grand parade on April 25, and should ...

Liberty Telecom narrows loss on cost cuts
interaksyon.com - 2015-04-15
MANILA - The listed telecom arm of San Miguel Corporation (SMC) narrowed its loss last year. In a disclosure to the Philippine Stock Exchange, Liberty Telecoms Holdings Inc said it lost P897.14 million in 2014, smaller than the P1.45 billion the previous ...

Liberty Telecom narrows loss on cost cuts
interaksyon.com - 2015-04-15
MANILA - The listed telecom arm of San Miguel Corporation (SMC) narrowed its loss last year. In a disclosure to the Philippine Stock Exchange, Liberty Telecoms Holdings Inc said it lost P897.14 million in 2014, smaller than the P1.45 billion the previous ...

Xurpas grows 2014 profit by more than half
interaksyon.com - 2015-04-15
MANILA - Xurpas Inc grew its net income by more than half last year. In a disclosure to the Philippine Stock Exchange, the mobile phone content provider said it increased its profit by 60 percent to P190.72 million in 2014 from the P119.49 million the ...

PetroEnergy offering
Manila Standard Today - 2015-04-14
PetroEnergy Resources Corp. plans to raise P600 million from a stock rights offering to finance projects. "The company expects to raise gross proceeds of approximately P600 million. The offer price will be computed based on the volume-weighted average ...

East West Bank sets share sale price at P21.53
Manila Bulletin - 2015-04-14
East West Banking Corporation, the banking arm of conglomerate Filinvest Development Corp. (FDC), already priced its P8-billion share sale at P21.53 apiece, with plans to finally conduct the offer by the end of this month. To be able to support its medium ...