Cebu Pacific to sell 6 Airbus to Las Vegas-based Allegiant Air
Rappler - 2015-02-23
MANILA, Philippines - As part of upgrading its fleet, Cebu Air Incorporated (Cebu Pacific) is selling 6 aircraft to Las Vegas-based, low cost carrier Allegiant Air. In July 2012, Cebu Pacific announced that it entered into a deal with the Allegiant ...

Manila ports less congested now, says ports agency
Rappler - 2015-02-23
The Manila International Container Terminal (MICT) of International Container Terminal Services Incorporated (ICTSI) and the Manila South Harbor of Asian Terminals Incorporated ... the utilization level of the Manila ports is a clear manifestation of ...

Metro Pacific open to a second toll road project in Thailand
interaksyon.com - 2015-02-23
I don't have the details yet." MNTC, which operates the North Luzon Expressway, is controlled by Metro Pacific Investments Corporation (MPIC), which in turn holds less than a third of the Don Muang Tollway Public Company Limited (DMT), the Philippine ...

First Pacific expands sugar presence in PH
Manila Standard Today - 2015-02-22
Hong Kong-based conglomerate First Pacific Co. Ltd. plans to increase its ownership in two Philippine sugar milling companies--Roxas Holdings Inc. and Victorias Milling Co. Inc. First Pacific managing director Manuel Pangilinan said the group would shortly ...

Market correction expected this week
Manila Standard Today - 2015-02-22
Top gainers last week were Unioil Resources & Holdings Co. Inc., which jumped 46.4 percent to P0.52; Forum Pacific Inc., which climbed 21.6 percent to P0.365; and Crown Equities Inc., which went up 14.8 percent to P0.147.

SMC to lead bidders for P123-B Lakeshore project
philstar.com - 2015-02-22
Other companies interested include JG Summit Holdings Inc. of taipan John Gokongwei, the Lucio Tan Group Inc., Megaworld Corp. of businessman Andrew Tan, GT Capital Holdings Inc. of taipan George Ty, Filinvest Land Inc. of taipan Andrew Gotianun ...

Manila Water board sets capex for 2 subsidiaries
interaksyon.com - 2015-02-20
MANILA - Ayala-led Manila Water Company Inc. will invest P742 million in two wholly-owned subsidiaries in a bid to improve its services and meet working capital needs. In a disclosure to the Philippine Stock Exchange, Manila Water said its board approved ...

Government allows Benguet unit to resume nickel mining operations
interaksyon.com - 2015-02-20
MANILA - The Mines and Geosciences Bureau (MGB) has lifted a suspension order issued to a unit of Benguet Corporation (BC). "Benguet Corporation disclosed that its wholly-owned subsidiary, BenguetCorp Nickel Mines Inc. (BNMI),... has today received from ...

Government allows Benguet unit to resume nickel mining operations
interaksyon.com - 2015-02-20
MANILA - The Mines and Geosciences Bureau (MGB) has lifted a suspension order issued to a unit of Benguet Corporation (BC). "Benguet Corporation disclosed that its wholly-owned subsidiary, BenguetCorp Nickel Mines Inc. (BNMI),... has today received from ...

Holcim books double-digit profit growth on strong sales
interaksyon.com - 2015-02-20
MANILA - Leading cement manufacturer Holcim Philippines Inc. booked a 12.9-percent increase in profit in 2014 on strong sales bolstered by robust construction activity. In a statement, Holcim said its profit rose to P5.15 billion last year from P4.56 ...

Merger Clauses and Parol Evidence Rule
Law - 2015-02-20
5. Matthius v. Platinum Estates, 74 A.D.3d 908, 909, 903 N.Y.S.2d 477, 479 (2d Dept. 2010). 6. Primex Intl. Corp. v. WalMart Stores, 89 NY.2d 594, 599, 657 N.Y.S.2d 385, 388 (1997). 7. See Milton Braten v. Bankers Trust Co., 60 N.Y.2d 155, 162, 468 N.Y.S ...

Manila Water expands services
Manila Standard Today - 2015-02-19
Manila Water Company Inc. said Thursday it is building more sewage treatment plants in Metro Manila, on top of the 38 used water treatment plants in operation with a total capacity of 135 million liters per day. "Sewerage and sanitation are very critical ...

Petron Bags Rs 100 Crore Deal in RIL Jamnagar Project
NDTV - 2015-02-19
Petron Engineering Construction today said it has bagged a Rs 100 crore contract for mechanical works at Reliance Industries Jamnagar project. "The Company has received 'Letter of Commitment' from Fine Tech Corporation Private Limited, the Agents of ...

8990 Holdings putting up telco unit, eyes P9-B bond issue
Manila Bulletin - 2015-02-19
Housing developer 8990 Holdings, Inc. is planning to acquire or put up its own cable and internet services firm while planning to raise as much as P9 billion from its maiden public offering of Fixed Corporate Bonds. In a disclosure to the Philippine Stock ...

Shang Properties showcases 3rd Makati development
Yahoo News Singapore - 2015-02-19
A 67-storey condominium, the forthcoming Shang Salcedo Place is pegged to embody the chic, upmarket lifestyle of Salcedo Village in Makati, where it is set to rise. It holds studio units and one- to three-bedroom units spanning 35 to 162 square meters.

Philrealty sells 4 lots
Philstar - 2015-02-19
MANILA, Philippines - Philippine Realty and Holdings Corp. (PhilRealty) has sold four parcels of land in La Union for P202.1 million. Two parcels of land located in Barrio Carlatan, San Fernando and another two parcels in Barrio San Juan, in La Union ...

STI EDUCATION SYSTEMS HOLDINGS INC
4 Traders - 2015-02-18
STI Education Systems Holdings Inc. is engaged in the provision of educational degree programs.It operates through the following geographical segments: Metro Manila, Northern Luzon, Southern Luzon, Visayas and Mindanao.It offers courses from pre-elementary ...

Roxas expanding to Indonesia
Manila Standard Today - 2015-02-18
Sugar miller Roxas Holdings Inc. may forge a joint venture with the Salim group for investments in an integrated sugar milling project in Indonesia, a company official said Wednesday. Roxas Holdings president Renato Valencia said in an interview at the ...

Market climbs to 13th record close this year
Philstar - 2015-02-18
Top gainers include IMI, Oriental Petroleum, Discovery World, ATN Holdings and Lorenzo Shipping. The PSE has gained 7.9 percent so far this year. Analysts said investor optimism was also due to expectations Greece may resolve its problems with its ...

Roxas Holdings, Global Power set to pick designer for power project
philstar.com - 2015-02-18
MANILA, Philippines - Leading sugar producer Roxas Holdings Inc. (RHI) and Global Business Power Corp. (GBPC) are in the final stage of negotiations with respect to awarding the front-end engineering design (FEED) for their planned 40-megawatt biomass ...

Philrealty sold part of La Union land bank to increase liquidity
BusinessMirror. - 2015-02-18
THE Philippine Realty and Holdings Corp. (Philrealty), a company that recently came out of corporate rehabilitation, said it sold part of its land bank in La Union to increase its liquidity. The company said in its disclosure to the Philippine Stock ...

Roxas Holdings, GBPC plan to award contract for La Carlota biomass project
BusinessMirror. - 2015-02-18
SUGAR group Roxas Holdings Inc. (RHI) and Ty-led Global Business Power Corp. (GBPC) are in final discussions to award the Front-End Engineering Design (FEED) for a 40-megawatt cogeneration facility in Negros Occidental. The FEED is part of a memorandum of ...

Alliance Select to raise P1B from shares sales
philstar.com - 2015-02-18
MANILA, Philippines - Listed seafood producer and exporter Alliance Select Foods International Inc. plans to raise as much as P1 billion in fresh equity from the sale of new shares to existing investors to fund its expansion initiatives. In a disclosure to ...

PH, other Asian markets key to 10-T yen goal of Panasonic
Inquirer - 2015-02-18
MANILA, Philippines-Panasonic Corp. of Japan is counting on economically promising Asian markets such as the Philippines to help it meet its target of hitting 10 trillion yen in sales by fiscal year 2018, company officials told the Inquirer on the ...

Roxas Holdings, GT Capital's power unit seal talks for selection of Negros plant designer
interaksyon.com - 2015-02-18
MANILA - Sugar miller Roxas Holdings and the power generation business of billionaire George Ty is set to award the contract to design a cogeneration plant that would rise in central Philippines. In a disclosure to the Philippine Stock Exchange, Roxas ...

Philippine stock market closes at new record above 7,800-mark
interaksyon.com - 2015-02-18
Top gainers were Unioil, Forum Pacific, Medco Holdings, Wellex Industries and Leisure Resorts, while the biggest losers were Liberty Flour, I-Remit, Roxas Holdings, Philodrill and Greenergy. Astro del Castillo, managing director of First Grade Finance Inc ...

PhilRealty sells P202-M land in La Union
ABS-CBN News - 2015-02-18
MANILA - Listed real estate developer Philippine Realty and Holdings Corp. (PhilRealty) said it has sold four parcels of land in La Union to Humboltbay Holdings Inc. The company said the parcels of land were sold at an aggregate price of P202.1 million.

What are some of the most popular mutual funds for investing in the metals and mining sector?
Investopedia - 2015-02-17
Primary holdings include Johnson Matthey (JMPLF), Anglo American (AAUKF), Kinross Gold (KGC) and Dominion Diamond Corporation (DDC). American Century ... metals mutual funds are exchange-traded funds (ETFs) focused on the metals and mining sector.

Index nearly touches 7,800-pt mark
Philstar - 2015-02-17
Top gainers were IMI, Oriental Petroleum, Discovery World, ATN Holdings and Lorenzo Shipping while the biggest losers were Anglo Philippines, Forum Pacific, Cebu Property and Philippine Realty Corp. Meanwhile, Asian equities were mixed as a break down in ...

Alliance Select seeks to raise P1 billion via stock-rights offer
BusinessMirror - 2015-02-17
Tuna canner Alliance Select Foods International Inc. said on Tuesday it plans to raise some P1 billion from its stock-rights offering as its board approved the doubling of its authorized capital stock. The company said in its disclosure to the Philippine ...

Alliance Select raising capital from sale of additional shares
interaksyon.com - 2015-02-17
In a disclosure to the Philippine Stock Exchange, Alliance Select Foods International Inc said its board in a meeting today approved an increase in its authorized capital stock to P3 billion from the existing P1.5 billion. The company said the increase is ...

Alliance Select raising capital from sale of additional shares
interaksyon.com - 2015-02-17
In a disclosure to the Philippine Stock Exchange, Alliance Select Foods International Inc said its board in a meeting today approved an increase in its authorized capital stock to P3 billion from the existing P1.5 billion. The company said the increase is ...

DFNN banks on non-gaming unit for growth
BusinessMirror. - 2015-02-16
INFORMATION-technology (IT) solutions provider DFNN Inc. is banking on its non-gaming unit for growth this year. "We expect 2015 to be another growth year for us because our subsidiary iWave is going [to offer] expected leading-edge solutions to the ...

DFNN banks on non-gaming unit for growth
Business Mirror - 2015-02-16
INFORMATION-technology (IT) solutions provider DFNN Inc. is banking on its non-gaming unit for growth this year. "We expect 2015 to be another growth year for us because our subsidiary iWave is going [to offer] expected leading-edge solutions to the ...

SKY Cable eyes 1 million subscribers by 2017
BusinessMirror - 2015-02-16
SkyCable is a unit of media conglomerate ABS-CBN Corp., which recently launched its digital TV service. The broadcasting arm of Lopez Holdings Corp. aims to solidify its lead in the digital television arena by investing P600 million in infrastructure and ...

DFNN banks on non-gaming unit for growth
Business Mirror - 2015-02-16
INFORMATION-technology (IT) solutions provider DFNN Inc. is banking on its non-gaming unit for growth this year. "We expect 2015 to be another growth year for us because our subsidiary iWave is going [to offer] expected leading-edge solutions to the ...

DFNN banks on non-gaming unit for growth
BusinessMirror. - 2015-02-16
INFORMATION-technology (IT) solutions provider DFNN Inc. is banking on its non-gaming unit for growth this year. "We expect 2015 to be another growth year for us because our subsidiary iWave is going [to offer] expected leading-edge solutions to the ...

Philippine stock index registers new highs amid light trading
interaksyon.com - 2015-02-16
Top gainers were ABS-CBN Holdings, ABS-CBN, IP-EGame and Ionics while the biggest losers were Concrete Aggregates, Lorenzo Shipping, Arthaland and Discovery World. Jun Calaycay of Accord Capital Equities said local share prices raced higher on relatively ...

Lopez mobile business bullish
Manila Standard Today - 2015-02-15
ABS-CBN Corp., the media holding company of the Lopez Group, expects the number of subscribers of its mobile business to hit three million by the end of 2015. "We have quite a challenge this year but our goal is bring this up to 3 million or double from ...

Philippine Airlines and Philippine STAR let you fly to NYC for free
Philstar - 2015-02-15
MANILA, Philippines - Start spreading the news: Philippine Airlines will now fly to New York four times weekly starting March 15, 2015. And you can be a part of it by winning a free ticket to New York through Instagram or Facebook. How? Here are the rules ...

Metrobank Foundation's 2015 'Journalists of the Year' search open
Rappler - 2015-02-14
MANILA, Philippines - The Metrobank Foundation, Inc. (MBFI) and the Probe Media Foundation Inc. (PMFI) announced the opening of nominations for the 2015 Metrobank Foundation Search for Journalists of the Year (JOY). Journalists qualified for this search ...

Suntrust seeks SEC approval for P6-B stock rights offer
Manila Bulletin - 2015-02-13
Suntrust Home Developers Inc., a subsidiary of Megaworld Corp., is seeking the approval of the Securities and Exchange Commission (SEC) for its nearly P6-billion stock rights offering, which would help the firm bankroll some investment opportunities.

Philippine share prices climb a second session in a row
interaksyon.com - 2015-02-13
Top gainers were Philippine Realty, Citystate Savings, Cyber Bay, Philippine H2O and Empire East, while the biggest losers were iRipple, IP-EGame, Federal Resources, Philodrill and ATN Holdings. Jun Calaycay of Accord Capital Equities said the local market ...

EDC set to complete 4.1-MW solar power plant in Ilocos Norte
Manila Standard Today - 2015-02-12
BURGOS, Ilocos Norte--Energy Development Corp., a subsidiary of First Gen Corp., is expanding its renewable energy footprint with the expected completion of a 4.1-megawatt solar power plant next month and the start of operation of the largest wind project ...

PureFoods fixes dividend rate for preferred shares offer
philstar.com - 2015-02-12
MANILA, Philippines - San Miguel Pure Foods Co. Inc. has finalized the dividend rate for its preferred shares, making it all set for its P15-billion offering slated to start next week. In a disclosure to the local bourse, the food processing unit of ...

Ayala Group allots P185 B for capex
philstar.com - 2015-02-12
The rest of the amount would be used to fund the growth initiatives of the other business units, including Manila Water Co., Inc., Bank of the Philippine Islands, and Integrated Micro-Electronics Inc., AC said. "We have seen robust growth in our earnings ...

Talks on for lower FIT rate for solar energy projects
Rappler - 2015-02-12
The Energy Regulatory Commission (ERC) that conducts the hearing on the appropriate FIT rate for the 450 megawatt (MW ... The February 2015 Manila Electric Company (Meralco) billing will also reflect the new FIT-All charge of P0.04 ($0.0009) per kWh.

Ayala Corporation earmarks P185B for capex in 2015
Rappler - 2015-02-12
and Integrated Micro-Electronics, Incorporated. Ayala started an aggressive growth strategy a few years back and it continues to undertake value enhancing opportunities amid this sustained momentum in the Philippine economy, Ayala Corporation Chairman and ...

Phoenix Petroleum net income dropped by 7%
BusinessMirror. - 2015-02-12
LISTED oil firm Phoenix Petroleum Philippines Inc. on Thursday reported a 7-percent drop in its net income to P616 million last year from P665 million in 2013 brought about by lower revenues. It said revenues declined last year by 20 percent, brought about ...

Lower oil prices pull down Phoenix Petroleum's 2014 earnings
interaksyon.com - 2015-02-12
MANILA - Phoenix Petroleum took a hit from falling oil prices last year. In a disclosure to the Philippine Stock Exchange, Phoenix Petroleum Philippines Inc said its profit dropped 7 percent to P616 million last year from P665 million in 2013. The Davao ...