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.

DoubleDragon earnings more than triple
philstar.com - 2015-03-25
DoubleDragon Properties Corp. said yesterday its net income last year ballooned 360 percent to P560.8 million from P122.1 million in 2013. The firm said total revenues from real estate sales reached P1.2 billion from P511 million the previous year.

Grid consortium pushes line safety campaign in Mindanao
Sun Star - 2015-03-25
DESPITE the dispute over right-of-way (ROW), the National Grid Corporation of the Philippines (NGCP) continues to reach out to barangays and other local officials to spread the message about taking care of the power transmission lines to ensure the safety ...

Megaworld reports record net income, land bank rise in 2014
BusinessMirror - 2015-03-25
Last year also saw the consolidation of Global-Estate Resorts Inc., Empire East Land Holdings Inc. and Suntrust Properties Inc. under Megaworld. This enabled us to strengthen our land bank nationwide," Tan said. Five township projects were launched last ...

Sarangani Energy Corp. taps Coal Asia for coal supply
BusinessMirror. - 2015-03-25
LISTED power and mining firm Coal Asia Holdings Inc. (Cahi) will be supplying coal to the Alcantara-led coal-fired power project in Mindanao. In a regulatory filing on Wednesday, the company confirmed that it received a purchase order from Sarangani Energy ...

Eunilane, Grocer E operations to be consolidated into Puregold
Philstar - 2015-03-25
MANILA, Philippines - The Securities and Exchange Commission (SEC) has granted Puregold Price Club Inc. of retail tycoon Lucio Co approval to fold in the operations of the Eunilane and Grocer E Supermart chains. "The company received a certificate of ...

Younger Ramos takes helm at Atlas Mining
Manila Bulletin - 2015-03-24
He is concurrently a director of Anglo Philippine Holdings Corporation, The Philodrill Corporation, United Paragon Mining Corporation, Zenith Holdings, Corporation, and Berong Nickel Corporation, which directorships he has held for the last five years.

Search on for 2015 PH 10 outstanding students
Sun Star - 2015-03-24
CITY OF SAN FERNANDO -- RFM Foundation is calling on universities and colleges in Central Luzon to submit nominations ... Health-Related Professions; Agriculture; Science and Math; Information Technology; Engineering; Architecture and Maritime; Humanities ...

Security Bank names new chair, president; triggers changes in BPI
Manila Bulletin - 2015-03-24
Security Bank Corporation announced the nomination of Frederick Y. Dy as Chairman Emeritus and Alberto S. Villarosa as Chairman during the organizational board meeting to be held in April 28, 2015. In a disclosure to the Philippine Stock Exchange, Security ...

SRA bats for cloud seeding to boost sugar production
BusinessMirror. - 2015-03-24
In Panay, priority areas were estimated at 30,764 hectares; while 7,895 hectares and 8,127 hectares were identified in Bogo-Medellin and Ormoc ... such as late milling operations in Batangas and Davao del Sur; insufficient water during the growing stage ...

Unichamp inaugurates new state-of-art Palawan facility
BusinessMirror - 2015-03-24
UNICHAMP Mineral Philippines Inc. announced on Monday the commissioning of its state-of-the-art lime-manufacturing facility in Rio Tuba, Bataraza, Palawan. A leading lime manufacturer in Asia, Unichamp will now supply Coral Bay Nickel Corp., a subsidiary ...

Pepsi Cola Products Phils Inc (PIP)
investing.com - 2015-03-24
Pepsi-Cola Products Philippines, Inc. is a licensed bottler of PepsiCo, Inc. (PepsiCo) and Pepsi Lipton International Limited (Pepsi Lipton). The Company is engaged in manufacturing, sales and distribution of carbonated soft-drinks (CSD) and non-carbonated ...

Robinsons Retail nets P3.6b
Manila Standard Today - 2015-03-23
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, said net income attributable to equity holders of the parent company in 2014 rose 29.5 percent to P3.56 billon from P2.75 billion in 2013, driven by higher income from operations and ...

House of Investments to repurchase P8.6-million preferred shares in May
BusinessMirror. - 2015-03-23
HOUSE of Investments Inc. (HII), the holding firm of the Yuchengco Group of Companies, is redeeming, in the next two months, its preferred shares amounting to P8.6 million. HII disclosed with the Philippine Stock Exchange on Monday that it will buy back 2 ...

House of Investments to repurchase P8.6-million preferred shares in May
BusinessMirror. - 2015-03-23
HOUSE of Investments Inc. (HII), the holding firm of the Yuchengco Group of Companies, is redeeming, in the next two months, its preferred shares amounting to P8.6 million. HII disclosed with the Philippine Stock Exchange on Monday that it will buy back 2 ...

Buy A Beach Condo In The Philippines
Investopedia - 2015-03-23
Buying a condo in the Philippines is similar to buying a condo in your home country. Once you decide on a general area, you can work with a real estate agent to narrow down your choices, see various properties, and help you throughout the entire process.

Store expansion boosts SSI profit to P999 M in 2014
Manila Bulletin - 2015-03-23
Specialty store retailer SSI Group, Inc. reported a 63 percent hike in unaudited net income to P998.7 million last year from the P613.7 million generated in 2013. In a disclosure to the Philippine Stock Exchange, the firm said its performance was driven by ...

House of Investments to repurchase P8.6-million preferred shares in May
BusinessMirror. - 2015-03-23
HOUSE of Investments Inc. (HII), the holding firm of the Yuchengco Group of Companies, is redeeming, in the next two months, its preferred shares amounting to P8.6 million. HII disclosed with the Philippine Stock Exchange on Monday that it will buy back 2 ...

Carmudi taps private-vehicle sellers to push car-industry sales online
BusinessMirror. - 2015-03-23
CARMUDI Philippines, the online car-classifieds site, is giving an extra push to the already aggressive sales of the automotive industry as it aims to tap more private-vehicle sellers in addition to its commercial clients. The online vehicle marketplace ...

Aquino attends toll road event in Quezon after collapse rumors
Philippine Daily Inquirer - 2015-03-23
With the President at the briefing were Agriculture Secretary Proceso Alcala, Quezon Representative Vicente Alcala, Tiaong Mayor Ramon Preza, Toll Regulatory Board (TRB) Executive Director Edmund Reyes, San Miguel Corporation (SMC) chief operating officer ...

STI taps software firm to boost hotel courses
Philstar - 2015-03-23
MANILA, Philippines - STI Education Systems Holdings Inc. is teaming up with Canadian-American software firm Gatessoft Corp. to boost the technical knowledge of students in the hospitality industry. With the service industry evolving, STI said the ...

San Miguel Corporation earmarks P168B for toll road projects
Rappler - 2015-03-23
MANILA, Philippines - P168 billion ($3.74 billion) - this is the amount that diversified conglomerate San Miguel Corporation (SMC) is earmarking for the construction of modern toll roads and highways in the country. SMC President and Chief Operating ...

Philippine stock index starts week with marginal gain
interaksyon.com - 2015-03-23
Top gainers were Pryce, Geograce and Prime Media, while the biggest losers were Island Information, IP Egame and First Gen. "Overhang from domestic issues could be influencing investors to pull back on raising their equity stakes over the short term ...

'No registration, no travel' policy to be strictly enforced by LTO come April 1st
topgear.com.ph - 2015-03-23
If you have a brand-new car but you have yet to receive its license plates from the Land Transportation Office ... the agency has announced that it will enforce a "no registration, no travel" policy starting on April 1, 2015. According to the agency ...

Market seen trading sideways amid the lack of positive leads
Manila Standard Today - 2015-03-22
Top gainers last week were Pryce Corp., which jumped 660 percent to P1.90; Imperial Resources Inc. "A" shares which climbed 66.2 percent to P7; and Grand Plaza Hotel Corp., which advanced 23.7 percent to P29.95.

CCAP expects double-digit growth of credit-card holders in next few years
BusinessMirror. - 2015-03-22
The group said it is expanding its membership and plans to add two more members this year. Its current membership of 14 is composed of Asia United Bank, BPI, China Bank, Citi, EastWest, Equicom, HSBC, Maybank, Metrobank, Rizal Commercial Banking Corp., PNB ...

7-hour power disruption to hit parts of Metro Manila Monday
Philippine Daily Inquirer - 2015-03-22
MANILA, Philippines - Some parts of Makati City, Parañaque City, Las Piñas City and Pasay City will experience power outages on Monday, with the longest blackout lasting for about seven hours, the Manila Electric Company (Meralco) said on separate ...

A time to celebrate
Philstar - 2015-03-21
Towards the end of this year, he was named as the new chairman of the board of mining firm Geograce Resources Philippines, Inc. where he also sits as director. In addition, Rene is deeply involved in civic and religious activities, and currently serves as ...

Bank officials debunk claims of coin shortage
Philstar - 2015-03-21
Negros Oriental Bankers Association president, Elmer Teves of East West Banking Corporation, said although banks are obliged to accept deposits of all kinds of coins, he requested the public to sort these out first to avoid the inconvenience of waiting too ...

San Miguel Corp. to redeem half of $800-M Singapore-listed bonds
BusinessMirror. - 2015-03-20
Meanwhile, operating income jumped by 2 percent to P46.7 billion on improvements in the new businesses, as well as San Miguel Pure Foods and Ginebra San Miguel Inc., which helped offset a weaker third quarter for Petron, which had to weather the volatility ...

Pryce Corp. net income almost triples in 2014
Manila Bulletin - 2015-03-20
Pryce Corporation said its net income almost tripled in 2014 due to higher liquefied petroleum gas (LPG) sales. In a disclosure to the Philippine Stock Exchange , Price Corp said its net income after tax rose 190.8 percent to P287 million. This upturn was ...

Pryce almost triples profit to P287.6M
Manila Bulletin - 2015-03-19
Pryce Corporation reported that its net income almost tripled, rising 190.8 percent to P287.67 million last year from the P98.94 million earned in 2013 due to higher liquefied petroleum gas (LPG) sales. In a disclosure to the Philippine Stock Exchange ...

Asia's best managed companies, part 2
Finance Asia - 2015-03-19
This is the 15th year FinanceAsia has quizzed investors about which listed companies throughout Asia are considered to be the best managed, with the best senior executives and the best policies around dividend payments and other matters. FinanceAsia ...

PBB offers renminbi transfer services
Manila Bulletin - 2015-03-19
Philippine Business Bank (PBB) will offer renminbi transfer services after it entered into an agreement with Bank of China- Manila branch for its system. PBB joins other 10 local banks offering renminbi transfer services, which the bank owned by former ...

Local Motorcycle Clubs Vie to Break World Record
News Philippines Yahoo - 2015-03-19
Members of local motorcycle clubs belonging to the National Federation of Motorcycle Clubs of the Philippines, Inc. (NFMCP) will converge in Tagaytay City from April 6 to 12, 2015 for the 21st National Motorcycle Convention. An estimated 5,000 ...

Digital Marketing In A BLINK 2015
fmi.com.ph - 2015-03-19
Currently, he teaches eMarketing at the Graduate School of De La Salle University ... He studied Bachelor of Science in Computer Science in Bicol University, Legazpi City. Jimmy is a marketing and digital technology coach who constantly delivers real ...

Real disaster risk reduction challenge in PH is at local level
Global Nation - 2015-03-18
SENDAI, Japan--The Philippines has embraced the new framework that the United Nations 3rd World Conference on Disaster Risk Reduction (WCDRR) adopted to guide UN member-states in efforts to substantially reduce losses from disasters in the coming years.

Cosco Capital 2014 profit hit record P4.01B, up 20%
Inquirer - 2015-03-18
MANILA, Philippines-Holding firm Cosco Capital Inc. of retailer Lucio Co grew its net profit last year by 20 percent to a record-high P4.01 billion, mostly driven by the retailing businesses under the Puregold and S&R brands. "I believe that 2015 will ...

Vitarich to fold in feed manufacturing subsidiary
interaksyon.com - 2015-03-18
MANILA - Vitarich Corporation is absorbing back its feed production business. In a disclosure to the Philippine Stock Exchange, Vitarich said its board in a meeting yesterday approved the re-integration of Gromax Inc effective April 1. Gromax began ...

Vitarich to fold in feed manufacturing subsidiary
interaksyon.com - 2015-03-18
MANILA - Vitarich Corporation is absorbing back its feed production business. In a disclosure to the Philippine Stock Exchange, Vitarich said its board in a meeting yesterday approved the re-integration of Gromax Inc effective April 1. Gromax began ...

Philippine Business Bank opens renminbi facility
interaksyon.com - 2015-03-18
MANILA - The bank owned by former ambassador Alfredo Yao has tied up with a lender from mainland China to offer renminbi transfer services. In a disclosure to the Philippine Stock Exchange, Philippine Business Bank (PBB) said it signed an agreement with ...

Biz Buzz: P110B tax bill
Inquirer - 2015-03-18
Petron Corp., SMC Global Power Holdings Corp., San Miguel Pure Foods Company Inc., and San Miguel Brewery Inc. were the largest contributors in the group. San Miguel likewise paid specific/ad valorem taxes, or excise taxes, of about P33 billion ...

Skyway deal upheld
Manila Standard Today - 2015-03-17
the Philippine National Construction Corporation, and Citra Metro Manila Tollways Corporation in 2007 allowing Skyway O & M Corporation to replace PNCC Skyway Corporation, a wholly-owned subsidiary of PNCC, in performing the operations and maintenance of ...

PAL profitability improving-Bautista
BusinessMirror - 2015-03-17
Parent PAL Holdings Inc., whose income comes mostly from the unlisted carrier, had a net income of P233.7 million ($5.3 million) for the nine months ended September. That compares to a P2.2-billion loss in the first six months of 2013, when it was ...

SC favors PNCC on Skyway case
Manila Bulletin - 2015-03-17
has affirmed the constitutionality of a government decision in 2007 to allow a private company to operate and maintain Stage 1 of the South Metro Manila Skyway as it ruled that the franchise remains with the Philippine National Construction Corporation ...

Bloomberry to purchase another island in South Korea
BusinessMirror. - 2015-03-17
Razon-controlled Bloomberry Resorts Corp. on Tuesday said it will purchase another island in South Korea and signed another agreement with a group of shareholders that owns T.H.E. Hotel Vegas and Casino. The company said in its disclosure to the Philippine ...

Alveo eyes bigger growth in key urban areas
BusinessMirror - 2015-03-17
the former site of the iconic Philippine Racing Club, more popularly known as the Santa Ana Racing Park. Lao noted Alveo Land has also secured P5 billion worth of strategic acquisitions in 2014. As the company increases its product line and expands to new ...

Global Ferronickel abandons plan to acquire Ferrochrome
Manila Standard Today - 2015-03-16
Global Ferronickel Holdings Inc. said Monday it terminated plans to acquire Ferrochrome Resources Inc., a company that holds two operating mining agreements in Zambales. Global Ferronickel said in a disclosure to the stock exchange it was no longer keen on ...

Global Ferronickel drops bid to acquire Zambales mine operator
interaksyon.com - 2015-03-16
In a disclosure to the Philippine Stock Exchange, Global Ferronickel Holdings Inc said its board in a meeting today terminated a memorandum of agreement (MOA) for the acquisition of 100 percent of Ferrochrome Resources Inc (FRI). Global Ferronickel said it ...

Global Ferronickel drops bid to acquire Zambales mine operator
interaksyon.com - 2015-03-16
In a disclosure to the Philippine Stock Exchange, Global Ferronickel Holdings Inc said its board in a meeting today terminated a memorandum of agreement (MOA) for the acquisition of 100 percent of Ferrochrome Resources Inc (FRI). Global Ferronickel said it ...