Court finally tells PDIC to proceed, unwind EIB assets
BusinessMirror. - 2015-04-06
Export and Industry Bank (EIB) depositors and creditors were ordered by a Makati court to file their claims with the Philippine Deposit Insurance Corp. (PDIC). Presiding Judge Cesar O. Untalan of the Makati Regional Trial Court (RTC) Branch 149 recently ...

Oil firms to cut pump prices Tuesday
Manila Bulletin - 2015-04-06
Petron, Caltex, Flying V and SEAOIL will reduce pump prices starting 12:01 a.m. on Tuesday. While PTT Philippines, Unioil, Eastern Petroleum, Phoenix Petroleum Philippines and Shell will implement the rollback at 6:01 a.m. Tuesday. There will be no ...

Megaworld ups capex for next five years
interaksyon.com - 2015-04-06
MANILA - Megaworld Corporation has increased its capital outlay for the next five years. In a disclosure to the Philippine Stock Exchange, the flagship property firm of billionaire Andrew Tan said it is setting aside P285.8-billion for its five-year ...

PLDT putting up P1B data center in Makati
Rappler - 2015-04-06
Philippine Long Distance Telephone Corporation (PLDT) has set aside P1 billion ($22.5 million) to put up a state-of-the-art data center in Makati City and further expand its data center network. VITRO Makati would have a capacity of 3,600 full server racks ...

How to apply for an NBI clearance online
entrepreneur.com.ph - 2015-04-06
The new application system is easy and quick. Here is how to apply for an NBI Clearance online: 1. Fill up the basic data form at the rightmost section of the screen. Agree to the terms and conditions and click Sign Up. After signing up, you will be ...

CineSB 5inco
clickthecity.com - 2015-04-06
De La Salle-College of Saint Benilde, in partnership with The Philippine Daily Inquirer, Universal Robina Corporation, Red Bull, and Haato, presents CineSB 5inco from April 6 to 17 at the DLS-CSB School of Design and Arts building. The film festival ...

Filinvest Land to spend P24b
Manila Standard Today - 2015-04-05
Filinvest Land Inc., the property unit of the Gotianun family, plans to spend P24 billion in 2015 to fund the construction of residential projects, office buildings and shopping malls. Filinvest Land said in an information statement filed with the stock ...

PHILIPPINES PRESS-Ayala-Trans-Asia group adds 135 MW to Luzon power supply - Standard
Daily Mail - 2015-04-05
South Luzon Thermal Energy Corp, owned by Ayala Corp's power unit and Trans-Asia Oil and Energy Development Corp of the Phinma Group, has added 135 megawatts to power supply on the Philippines' main island of Luzon, Manila Standard Today reported ...

Court finally tells PDIC to proceed, unwind EIB assets
BusinessMirror. - 2015-04-05
Export and Industry Bank (EIB) depositors and creditors were ordered by a Makati court to file their claims with the Philippine Deposit Insurance Corp. (PDIC). Presiding Judge Cesar O. Untalan of the Makati Regional Trial Court (RTC) Branch 149 recently ...

Court finally tells PDIC to proceed, unwind EIB assets
BusinessMirror. - 2015-04-05
Export and Industry Bank (EIB) depositors and creditors were ordered by a Makati court to file their claims with the Philippine Deposit Insurance Corp. (PDIC). Presiding Judge Cesar O. Untalan of the Makati Regional Trial Court (RTC) Branch 149 recently ...

Batangas coal plant opens
Manila Standard Today - 2015-04-05
South Luzon is the joint venture company established by AC Energy Holdings Inc., a unit of Ayala Corp. and Trans-Asia Oil and Energy Development Corp. of the Phinma Group. "We synced to the grid [Friday afternoon]," Trans Asia president Francisco Viray ...

Court finally tells PDIC to proceed, unwind EIB assets
BusinessMirror. - 2015-04-05
Export and Industry Bank (EIB) depositors and creditors were ordered by a Makati court to file their claims with the Philippine Deposit Insurance Corp. (PDIC). Presiding Judge Cesar O. Untalan of the Makati Regional Trial Court (RTC) Branch 149 recently ...

EEI snags contract to build new sections of Skyway
MSN - 2015-04-04
In a disclosure to the Philippine Stock Exchange, Yuchengco-owned EEI said it recently signed with Citra Central Expressway Corporation the contract to build sections 3 and 4. The Skyway Stage 3 Project involves a 14.82-kilometer stretch from its present ...

Court orders liquidation of Export and Industry Bank
Manila Bulletin - 2015-04-02
The Regional Trial Court (RTC) of Makati City Branch 149, after finding the petition for assistance in the liquidation of the closed Export and Industry Bank (EIB) of the Philippine Deposit Insurance Corporation (PDIC) "sufficient in form and substance ...

Caltex Gives Robinsons Rewards Card Members Fuel Discounts, Shopping Savings
carguide.ph - 2015-04-02
Chevron Philippines Inc. (CPI), marketer of Caltex fuels and lubricants, teamed up with Robinsons Retail Holdings, Inc. (RRHI), the second largest multi-format retailer in the Philippines, to create a unique offer that allows customers to quickly and ...

Ginebra sells non-alcoholic beverage plant, equipment to SMB
interaksyon.com - 2015-04-01
In a disclosure to the Philippine Stock Exchange, Ginebra San Miguel Inc (GSMI) said it executed today a deed of sale covering the said assets to SMB for P226.91 million. The assets include machinery and equipment, vehicles, coolers, chiller and other ...

Ginebra sells non-alcoholic beverage plant, equipment to SMB
interaksyon.com - 2015-04-01
In a disclosure to the Philippine Stock Exchange, Ginebra San Miguel Inc (GSMI) said it executed today a deed of sale covering the said assets to SMB for P226.91 million. The assets include machinery and equipment, vehicles, coolers, chiller and other ...

Court moves to liquidate shuttered Export Bank
interaksyon.com - 2015-04-01
MANILA - April is proving to be the defining month for Export and Industry Bank, after a local court cleared the government's bid to liquidate the shuttered lender. In a statement, Philippine Deposit Insurance Corporation (PDIC) today said the Regional ...

Filinvest Group's 2014 net income slips amid spending on banking, property businesses
interaksyon.com - 2015-04-01
FDC ascribed the growth in its top line to its property units (Filinvest Land Inc and Filinvest Alabang Inc) and banking arm (East West Banking Corporation). The property business contributed 48 percent of revenue, while the EastWest brought in another 42 ...

Xurpas invests in Singaporean gaming firm
Rappler - 2015-04-01
MANILA, Philippines - Consumer technology firm Xurpas Incorporated is continuing its recent acquisition spree by taking a significant stake in MatchMe Property Limited (MatchMe), a Singapore-based mobile and web tournament games platform, the firm ...

Holy Week 2015: Bank and mall schedules
entrepreneur.com.ph - 2015-04-01
Whether you'll go out of town or stay at home during Holy Week, make sure you have enough cash in your pockets and food stock as most banks and malls are closed to observe the Lenten Season. Listed below are their schedules. All branches are closed on ...

SM Investments Corporation marked its 10th year as publicly-listed company in the Philippine Stock Exchange
eprretailnews.com - 2015-03-31
Pasay City, Philippines, 2015-3-31 -- /EPR Retail News/ -- SM Investments Corporation (SM) today marked its 10th year as a publicly-listed company in the Philippine Stock Exchange. SM listed on March 22, 2005 with an adjusted price of PHP 191 per share.

DOE approves Linapacan oil block share restructuring
Manila Bulletin - 2015-03-31
Effectively, there had been purported farm-in agreements that reverted interests to Philodrill Corporation, Oriental Petroleum & Minerals Corporation, Linapacan Oil Gas & Power Corporation, Forum Energy Philippines, Cosco Capital Inc. and PetroEnergy ...

Minority investors score legal victory vs Alliance management
BusinessMirror. - 2015-03-31
THE legal battle between the majority owners of Alliance Select Foods International Inc. and two minority stockholders is far from over. Alliance, one of the leading canned tuna manufacturers in the Philippines, suffered another legal setback recently when ...

Citystate Savings Bank Inc announces appointment of Benjamin V. Ramos as president
Reuters - 2015-03-31
Citystate Savings Bank Inc:On March 31, board appointed Benjamin V. Ramos to be president of Bank to replace Atty. Rey D. Delfin.On same board meeting, Ramos was appointed as member of trust committee replacing Atty. Delfin.

Cyber Bay Corp (CYBR)
investing.com - 2015-03-31
Cyber Bay Corporation is a Philippines-based company, which has an ownership of Central Bay Reclamation and Development Corporation (Central Bay), including its Joint Venture Agreement (JVA) with the Philippine Reclamation Authority to reclaim land along ...

Pitkin loses Linapacan field
Manila Standard Today - 2015-03-30
... and RMA that their interests in SC 14C2 in West Linapacan off northwest Palawan reverted to The Philodrill Corp., Oriental Petroleum & Minerals Corp., Linapacan Oil Gas & Power Corp., Forum Energy Philippines Corp., Cosco Capital Inc. and PetroEnergy ...

Metro Pacific buys Zamboanga hospital
BusinessMirror. - 2015-03-30
METRO Pacific Hospital Holdings Inc., the hospital investment arm of Metro Pacific Investments Corp. (MPIC), said it will operate a 110-bed hospital in Zamboanga City. The company said in its disclosure to the Philippine Stock Exchange that it formed a ...

Minority investors score legal victory vs Alliance management
BusinessMirror. - 2015-03-30
THE legal battle between the majority owners of Alliance Select Foods International Inc. and two minority stockholders is far from over. Alliance, one of the leading canned tuna manufacturers in the Philippines, suffered another legal setback recently when ...

Minority investors score legal victory vs Alliance management
BusinessMirror. - 2015-03-30
THE legal battle between the majority owners of Alliance Select Foods International Inc. and two minority stockholders is far from over. Alliance, one of the leading canned tuna manufacturers in the Philippines, suffered another legal setback recently when ...

Minority investors score legal victory vs Alliance management
BusinessMirror. - 2015-03-30
THE legal battle between the majority owners of Alliance Select Foods International Inc. and two minority stockholders is far from over. Alliance, one of the leading canned tuna manufacturers in the Philippines, suffered another legal setback recently when ...

Citystate Savings Bank Perea branch offers anniversary treat
BusinessMirror - 2015-03-30
In Photo: Rafael Hegina (third from right), who opened a regular checking account, accepts the free treat from Medz Capangpangan (second from left), Perea Branch business manager. With them are branch personnel (from left) Michelle Lataba, Ma. Theresa ...

Citystate Savings Bank Perea branch offers anniversary treat
BusinessMirror. - 2015-03-30
In Photo: Rafael Hegina (third from right), who opened a regular checking account, accepts the free treat from Medz Capangpangan (second from left), Perea Branch business manager. With them are branch personnel (from left) Michelle Lataba, Ma. Theresa ...

COL expects higher earnings in 2015
Manila Bulletin - 2015-03-30
COL Financial Group, Inc. (COL) expects better earnings this year compared to its net income of P262.3 million in 2014, which is 13.6 percent lower than the previous year. In an interview, COL president Dino Bate said it will not be registering one time ...

STI reduces outlay for expansion
Philstar - 2015-03-29
MANILA, Philippines - STI Education Systems Holdings Inc. of businessman Eusebio Tanco is reducing its capital expenditures this year. STI Holdings president and chief executive officer Monico V. Jacob told The STAR that the listed education firm has ...

Deca Homes developer installs fiber to the home infra
Sun Star - 2015-03-29
Alexander Ace Sotto, 8990 Holdings general manager for engineering and construction, said that while the agreement is for the Tipolo development, they are studying the possibility of installing the same infrastructure on other Deca homes projects ...

Panlilio firm defies CA order in Boracay
BusinessMirror. - 2015-03-29
IN a move that apparently defied a Court of Appeals (CA) 7th Division Order issued on December 10, 2014, the Jose Marcel Panlilio-led Fridays Holdings Inc., a subsidiary of Boulevard Holdings Inc. (BHI), allegedly took over the property of Mila Yap ...

Philippines Observes Earth Hour with 170 Countries
wwf.org.ph - 2015-03-29
Senate of the Philippines, Local Government of Quezon City, Climate Change Commission, the Departments of Agrarian Reform, Agriculture, Budget and Management, Education, Energy, Environment and Natural Resources, Foreign Affairs, Science and Technology ...

Robinsons allots P6B in 2015 to focus on smaller-format stores
Rappler - 2015-03-28
MANILA, Philippines - Robinsons Retail Holdings Incorporated (RRHI), the retail ... in 2014 as the company plans to focus on the roll-out of smaller-format stores. The company will be opening 270 to 300 stores this year, mostly under its convenience ...

PhilJets eyes P60-million sales target this year
BusinessMirror. - 2015-03-27
FRENCH-FILIPINO aviation solutions provider PhilJets Group is aiming to double its overall sales this year, expecting the tourism sector to bolster its chartering operations. "The targets are much higher this year, the target is set at between P50 ...

PetroGreen inks Tarlac solar contract
Philstar - 2015-03-27
MANILA, Philippines - PetroGreen Energy Corp. (PGEC), a subsidiary of publicly-listed PetroEnergy Resources Corp., has signed with the Department of Energy (DOE) a service contract for a solar power project in Tarlac. In a disclosure to the Philippine ...

MILLENNIUM PHARMACEUTICALS, INC
Economic Times - 2015-03-27
Japan's Takeda Pharmaceutical Co has agreed to pay about $8.8 billion for US biotech company Millennium Pharmaceuticals Inc, the two firms said on Thursday. Indian businesses can have an edge in path-breaking innovations to reduce carbon emissions globally ...

Petrogreen solar project
Manila Standard Today - 2015-03-26
PetroGreen Energy Corp., a subsidiary of listed PetroEnergy Resources Corp., signed a service contract with the Energy Department to build a solar power project, with a capacity of 10 to 50 megawatts, in Tarlac province. PetroGreen said the solar power ...

PetroEnergy unit gets contract for 50MW solar project in Tarlac
Manila Bulletin - 2015-03-26
A site near the Hacienda Luisita in Tarlac City is targeted for the development of up to 50-megawatt solar power project by the renewable energy unit of PetroEnergy Resources Corporation. The renewable energy contract sets a solar farm development range of ...

BDO raises LTNCD offer to P7.5 billion
BusinessMirror. - 2015-03-26
BDO Unibank Inc. (BDO) has upsized the sale of its long-term negotiable certificates of deposit (LTNCDs) to P7.5 billion from P5 billion originally on strong demand from both retail and institutional investors. BDO reported the LTNCD offer was more than ...

BDO raises LTNCD offer to P7.5 billion
BusinessMirror - 2015-03-26
BDO Unibank Inc. (BDO) has upsized the sale of its long-term negotiable certificates of deposit (LTNCDs) to P7.5 billion from P5 billion originally on strong demand from both retail and institutional investors. BDO reported the LTNCD offer was more than ...

Changing of the guard at Atlas; Ramos steps down
Inquirer - 2015-03-26
Adrian is concurrently director of Anglo Philippine Holdings Corp., The Philodrill Corp., United Paragon Mining Corp., Zenith Holdings Corp., and Berong Nickel Corp. In a board meeting held March 23, the directors of Atlas Mining also named Enrico C.

The 6 richest tycoons in the Philippines in the real estate business.
News Philippines Yahoo - 2015-03-26
and banking (Philippine National Bank and Allied Bank), the Tan family also have interests in real estate through their company, Eton Properties Philippines. 4. ANDREW TAN Tan, of course, is the Filipino-Chinese businessman who founded Megaworld ...

Puregold opens maiden convenience store
interaksyon.com - 2015-03-26
In a disclosure to the Philippine Stock Exchange, Puregold Price Club Inc said PG Lawson Inc will open its first Lawson store on March 30, two months later than planned. The maiden store will rise in Sta. Ana, Manila, an urban residential area in the ...

Megaworld posts P22-b profit
Manila Standard Today - 2015-03-25
Megaworld said in a disclosure to the stock exchange Wednesday the profit included P12.1 billion in non-recurring gain from the consolidation of Global Estate Resources Inc., Empire East Land Holdings Inc. and Suntrust Properties Inc. into the parent firm.