Paragon Resources : Company Announcement
4 Traders - 2015-03-13
"The Company announced on 22 September 2014 that it was progressing with the acquisition of a high grade rare earth ("REE") project in central Madagascar owned by MRE Mining (Mauritius ... We have completed the audit of Paragon Resources plc for the ...

How e-commerce connects PH SMEs to the world
Rappler - 2015-03-13
This is where rebranded LBC Express enters the picture: to help the likes of Good Shepherd or small and medium enterprises (SMEs) in hard-to-reach places in the country to do business with the rest of the Philippines and the world. "Our goal is to have ...

PAL signs up Lufthansa Technik to maintain Airbus fleet
interaksyon.com - 2015-03-12
The remaining 33 aircraft ordered from Airbus are scheduled for delivery until 2024. From July to September last year, PAL Holdings Inc posted a comprehensive loss of P192.3 million, down by 82.5 percent from P1.09 billion in the same three months of the ...

Asian Terminals' earnings shoot up on higher cargo volumes
interaksyon.com - 2015-03-12
MANILA - Profit at Asian Terminal Inc (ATI) increased sharply in 2014 on robust growth of cargo at the Port of Batangas. In a statement, the Eusebio Tanco-led port operator said its net income went up by 58 percent to P1.90 billion last year from P1.2 ...

Asian Terminals' earnings shoot up on higher cargo volumes
interaksyon.com - 2015-03-12
MANILA - Profit at Asian Terminal Inc (ATI) increased sharply in 2014 on robust growth of cargo at the Port of Batangas. In a statement, the Eusebio Tanco-led port operator said its net income went up by 58 percent to P1.90 billion last year from P1.2 ...

San Miguel Pure Foods raises P15B from share sale
GMA Network - 2015-03-12
San Miguel Pure Foods Company Inc., the food unit of San Miguel Corp., has raised P15 billion from the sale of 15 million Series 2 Preferred shares listed on the Philippine Stock Exchange on Thursday. In a statement, San Miguel Pure Foods said market ...

Philippine stock index returns above 7,800-mark
interaksyon.com - 2015-03-12
Top gainers were 2GO, Oriental Petroleum, ATN Holdings B and iPeople, while the biggest losers were iRipple, Lorenzo Shipping, Manila Mining, Discovery World and Philippine H2O Ventures. Jun Calaycay of Accord Capital Equities said local share prices ...

China Bank investment house gets SEC approval
MSN - 2015-03-11
of the notation of the approval on Nov. 27 by the SEC of the incorporation of China Bank Capital Corporation and the issuance of its license to operate as an investment house," the listed lender said. "China Bank Capital obtained the SEC approval to begin ...

Smart top taxpayer; STAR in top 500
philstar.com - 2015-03-11
Metro Rail Transit Corp. (P2.04 billion), Land Bank of the Philippines (P2.03 billion), Emperador Distillers Inc. (P1.98 billion), Unilever Philippines (P1.85 billion), Manila Water Co. (P1.78 billion), Holcim Philippines (P1.76 billion), Monde Nissin Corp ...

Philippine stock index slips below 7,800-mark
interaksyon.com - 2015-03-11
Top gainers were Ever-Gotesco, Philodrill, Republic Glass, Imperial Resources A and Philippine H2O Ventures, while the biggest losers were 2GO, Del Monte Pacific, Swift Foods, United Paragon and Paxys. Astro del Castillo, managing director of First Grade ...

Philippine stock index slips below 7,800-mark
interaksyon.com - 2015-03-11
Top gainers were Ever-Gotesco, Philodrill, Republic Glass, Imperial Resources A and Philippine H2O Ventures, while the biggest losers were 2GO, Del Monte Pacific, Swift Foods, United Paragon and Paxys. Astro del Castillo, managing director of First Grade ...

Lower contribution from power, banking units weighs on Aboitiz Group's earnings
interaksyon.com - 2015-03-11
In a disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures Inc (AEV) said it closed the fourth quarter of 2014 with a net income of P4.1 billion, down 8 percent from the previous year. This brought full-year earnings to P18.4 billion ...

Primex obtains loan of P300m
Manila Standard Today - 2015-03-10
Property developer Primex Corp. said it obtained a P300-million five-year term loan from Metropolitan Bank & Trust Co. to fund expansion plans. "The company intends to avail of the credit facility to fund its expansion plans in real estate development ...

Index recovers on strong corporate earnings report
philstar.com - 2015-03-10
Conglomerate Ayala Corp. (AC) reported 46 percent hike in its net income last year while Puregold Price Club Inc. booked an 18-percent rise. Share prices of AC and Puregold rose 1.23 percent and 3.19 percent, respectively. Abroad, US stocks bounced back ...

Long-term investments tax exempt - BIR
Philstar - 2015-03-10
This was in response to the petition filed by Banco de Oro, Bank of Commerce, China Bank, Metrobank, Philippine Bank of Communications, Philippine National Bank, Philippine Veterans Bank and Planters Development Bank. Through their lawyer Francis Lim ...

Cheng joins China Bank
Philstar - 2015-03-10
A seasoned banker with over two decades of experience in wealth management, treasury, and consumer banking, Cheng, has most recently served as the head of Trust and Wealth of Philippine Bank of Communications (PBCom). He was with Citibank N.A. (Philippines ...

Reckoning corporate existence
Philstar - 2015-03-10
versus Primetown Property Group Inc. G.R. No. 162155. Applying the foregoing rule, the last day of the corporate term of a corporation incorporated, for instance, on Feb. 5, 2015 and with a corporate term of 50 years under its Articles of Incorporation is ...

Sobrepeña-led CJHDevCo to vacate Camp John Hay
Rappler - 2015-03-10
MANILA, Philippines - The Robert John Sobrepeña ... Sobrepeña, chairman of the Camp John Hay Development Corporation (CJHDevCo), is also affiliated with Fil-Estate Corporation, and the Metro Rail Transit Development Corporation (MRTDevco).

First Pacific takes control of Roxas Holdings
interaksyon.com - 2015-03-10
MANILA - Hong Kong-listed First Pacific Company Limited has taken control of one of the Philippines' largest sugar centrals. In a disclosure to the Philippine Stock Exchange, Roxas Holdings Inc (RHI) said the First Pacific Group has increased its stake to ...

First Pacific takes control of Roxas Holdings
interaksyon.com - 2015-03-10
MANILA - Hong Kong-listed First Pacific Company Limited has taken control of one of the Philippines' largest sugar centrals. In a disclosure to the Philippine Stock Exchange, Roxas Holdings Inc (RHI) said the First Pacific Group has increased its stake to ...

Primex secures P300-million loan from Metrobank
BusinessMirror - 2015-03-09
PROPERTY developer Primex Corp. on Monday said it has secured a P300-million, five-year term loan facility that will serve as its standby credit to fund its expansion plans. The company said the loan was secured from Metropolitan Bank and Trust Co., the ...

Primex secures P300-million loan from Metrobank
BusinessMirror - 2015-03-09
PROPERTY developer Primex Corp. on Monday said it has secured a P300-million, five-year term loan facility that will serve as its standby credit to fund its expansion plans. The company said the loan was secured from Metropolitan Bank and Trust Co., the ...

Millennium Global acquires majority ownership of Cebu seafood firm
Philstar - 2015-03-09
MANILA, Philippines - Listed seafood exporter Millennium Global Holdings Inc. has taken majority ownership of a family-run seafood company based in Cebu after sealing a couple of subscription agreements yesterday. Millennium Global told the local bourse ...

La Ó, Valdepeñas join Insular Life board
philstar.com - 2015-03-08
MANILA, Philippines - Insular Life chairman of the board and chief executive officer ... Valdepeñas is currently the president and chief operating officer, and board director of Union Bank of the Philippines. He is also chairman and president of Union ...

BPI mutual funds unit bags 11 awards
MSN - 2015-03-07
recently awarded the wholly-owned fund management subsidiary of Bank of the Philippine Islands (BPI) in 11 categories in their 9th Annual Awards Night. PIFA awardees represent the top three performers in the money market, peso and foreign-currency bond ...

ABS-CBN, GMA claim ratings lead anew in Feb
philstar.com - 2015-03-07
MANILA, Philippines - The ratings war between rivals ABS-CBN Corp. and GMA Network Inc. continued to heat up in February. The Lopez owned ABS-CBN said it maintained its leadership in nationwide TV viewing across urban and rural homes in February with an ...

Boulevard Holdings sales decline 48% as of end February
BusinessMirror. - 2015-03-07
Listed firm Boulevard Holdings Inc., which operates resorts in Puerto Galera in Mindoro and Boracay in Aklan, said its sales continue to suffer a decline during the first nine months of its fiscal year ending May due to problems in its Boracay resort.

Boulevard Holdings sales decline 48% as of end February
BusinessMirror. - 2015-03-07
Listed firm Boulevard Holdings Inc., which operates resorts in Puerto Galera in Mindoro and Boracay in Aklan, said its sales continue to suffer a decline during the first nine months of its fiscal year ending May due to problems in its Boracay resort.

Philippines' First-Gen Seeks Partner for $1bln LNG Terminal
Marine Link - 2015-03-07
Lopez-led First Gen Corp (FGC) has started scouting for local and foreign partners for the construction of its $1-billion liquefied natural gas (LNG) import terminal in Batangas, to secure supply for its expanding portfolio of gas-fired power plants.

Oil, gas explorer says got credit line for realty unit
BusinessMirror. - 2015-03-06
PUBLICLY listed SOC Resources Inc. (SOC) announced on Friday it secured a credit line from China Banking Corp. for its wholly owned subsidiary, SOC Land Development Corp. (SOC Land). SOC, formerly South China Resources Inc., said in a disclosure to the ...

Oil, gas explorer says got credit line for realty unit
BusinessMirror. - 2015-03-06
PUBLICLY listed SOC Resources Inc. (SOC) announced on Friday it secured a credit line from China Banking Corp. for its wholly owned subsidiary, SOC Land Development Corp. (SOC Land). SOC, formerly South China Resources Inc., said in a disclosure to the ...

Oil, gas explorer says got credit line for realty unit
BusinessMirror. - 2015-03-06
PUBLICLY listed SOC Resources Inc. (SOC) announced on Friday it secured a credit line from China Banking Corp. for its wholly owned subsidiary, SOC Land Development Corp. (SOC Land). SOC, formerly South China Resources Inc., said in a disclosure to the ...

Philippine stock index closes at 19th record high
interaksyon.com - 2015-03-06
The most actively traded stocks were Metro Pacific, BDO, BPI, Alliance Global and PLDT. The top gainers were Paxys, Philippine Racing Club, Manila Mining, Travellers International and SSI Group, while the biggest losers were I-Remit, Global Ferronickel ...

Local News | Sun.Star
Sun Star - 2015-03-06
MEMBERS of the Benguet-Abra-Mountain Province-Ilocus Sur (Bampis) Mining Watch lauded the decision of the Department of Environment and Natural Resources (DENR) in suspending Lepanto Consolidated Mining Corporation and Benguet Corporation.

PAL HOLDINGS INC
4 Traders - 2015-03-05
PAL Holdings, Inc. engages in the airline business.It operates through its following subsidiaries: Philippine Airlines, Inc. and PR Holdings, Inc. Philippine Airlines provides domestic and international air transportation for cargo and passengers.PR ...

Holding firm of PH's richest man nets P28.4B in 2014
Rappler - 2015-03-05
MANILA, Philippines - Listed SM Investments Corporation (SMIC) of Henry Sy - the Philippines ... and retail expansion. - Rappler.com

Philippine stock market pulls back from records
interaksyon.com - 2015-03-05
The top gainers were Abra Mining, Swift Foods, Lorenzo Shipping, Manila Mining and Island Information. Astro del Castillo, managing director at First Grade Finance Inc said profit taking took hold, triggered by the sell-off in markets around the world "I ...

ABS-CBN, GMA 7 declare leadership in TV ratings
BusinessMirror - 2015-03-04
RIVAL television stations ABS-CBN Corp. and GMA Network Inc. on Tuesday both claimed that they cornered the majority of audience share in February. The Lopez-led ABS-CBN Corp. said it was dominant nationwide, while the Gozon-led GMA 7 announced its lead in ...

Philippine stock index notches 18th record close
interaksyon.com - 2015-03-04
The most actively traded stocks were PLDT, Ayala Land, SM, Security Bank and BDO. The top gainers were Swift Foods, Philippine H2O, Da Vinci Capital, Unioil and Phoenix Semiconductor, while the biggest losers were Philex Petroleum, Manila Mining A and B ...

DOE stops oil drilling in West Phl Sea
philstar.com - 2015-03-03
In a disclosure to the Philippine Stock Exchange yesterday, Philex Petroleum Corp. said the DOE has granted a force majeure on Service Contract (SC) 72 in Recto Bank, which is the subject of a territorial dispute between the Philippines and China.

China Banking earns P5.1 billion in 2014
Manila Bulletin - 2015-03-03
China Banking Corporation reported a full-year consolidated net income of P5.11 billion in 2014, matching its strong 2013 performance, on the back of sustained growth in core business operations. In a disclosure to the Philippine Stock Exchange ...

Forum Energy bags Recto Bank service contract by force majeure
BusinessMirror - 2015-03-03
THE Department of Energy (DOE) has awarded Service Contract 72 (Recto Bank) on force majeure to Forum Energy, Philex Petroleum Corp. affiliate, mainly due to the territorial dispute between the Philippines and China in the West Philippine Sea.

PHL stops oil and gas drilling in Reed Bank, cites dispute with China
GMA Network - 2015-03-03
Philex Petroleum Corp., which holds a substantial stake in SC 72, confirmed the DOE action in a disclosure to the Philippine Stock Exchange on Tuesday. The other stakeholder in SC 72 is Monte Oro Resources and Energy Inc., according to previous filings of ...

11 Filipinos in Forbes' 2015 world billionaires list
Philstar - 2015-03-03
Sy also invested in City of Dreams Manila resort and casino. JG Summit Holdings' John Gokongwei Jr. with $5.8 billion landed second in this list, followed by ports king Enrique Razon Jr. with $5.2 billion. Stocks of Gokongwei's holding company shot up ...

Supreme Court sides with banks, rules against BIR on PEACe bonds tax
interaksyon.com - 2015-03-03
The other lenders were BDO, Bank of Commerce, China Bank, Philippine Bank of Communications, Philippine National Bank, Philippine Veterans Bank and Planters Development Bank. Other petitioners were Rizal Commercial Banking Corporation -- whose investment ...

Sky Cable spending P1.5-P2 B to sustain broadband growth
Philstar - 2015-03-03
MANILA, Philippines - Sky Cable Corp., the pay TV arm of ABS-CBN Corp., is spending between P1.5 billion and P2 billion for its capital expenditures this year to help sustain the strong growth in its broadband service. SkyCable chief operating officer ...

PHILEX PETROLEUM
Economic Times - 2015-03-03
Dharmendra Pradhan today reached Dhaka on a three-day visit to push for Indian state-owned firm setting up a LPG terminal in Bangladesh and a pipeline to export liquid fuel. BP, which had long said dividends were an absolute priority, said that although ...

Philippine stock market up a second day on Wall Street rally
interaksyon.com - 2015-03-03
The top gainers were Swift, Easycall, Primex, City & Land Developers and Oriental Petroleum, while the biggest losers were Benguet, Oriental Petroleum, Philex Petroleum, ATN Holdings and Asia Amalgamated Holdings. Astro del Castillo, managing director of ...

Concrete Aggregates Corp (CA)
investing.com - 2015-03-03
Concrete Aggregates Corporation is a Philippines-based company engaged in quarrying, crushing and selling of basalt concrete aggregates. The Company is also engaged in real estate business and purchase, own, subdivide, sell, lease, rent, mortgage, take ...

BDO Leasing 2014 profits up
Philstar - 2015-03-02
MANILA, Philippines - BDO Leasing and Finance Inc. (BDO Leasing), a subsidiary of BDO Unibank Inc. (BDO), has posted a 20 percent expansion in net income to P504 million in 2014. The strong performance was driven by the increase in lease and loan portfolio ...