Macay Holdings eyes $200 M from share sale
Philstar - 2015-01-26
MANILA, Philippines - Macay Holdings Inc., the investment vehicle of former ambassador Alfredo Yao, plans to raise as much as $200 million from a share sale within the next six months. "That is still the target," Yao said referring to the amount being ...

Philippine stock index scales to new record
interaksyon.com - 2015-01-26
The top gainers were Calata, Lafarge, United Paragon and MJC Investments, while the biggest losers were Philodrill, Anglo Philippine Holdings, Lorezo Shipping and ATN Holdings. Astro del Castillo, First Grade Finance Inc managing director, said the market ...

Stock in Focus: Cebu Air (CEB)
investing.com - 2015-01-26
Benefitting from declining oil prices, Cebu Air Inc (PS:CEB) has climbed from its 2014 lows through the 90 level. For early (and long-term stuck) holders of CEB, a good area to take some profit would be between 100-120. Near-term support is at 80.

3 Stocks To Avoid: JAS, SEVN, UNI
investing.com - 2015-01-26
Formerly NextStage, Inc. (NXT), Jackstones, Inc. has not moved much since May, the time it used its new stock symbol JAS. There is nothing much to analyze in this consolidating stock. Avoid JAS. SEVN has been moving up and down between 80 to 90 ...

URC sees over 20% growth in revenues
Manila Standard Today - 2015-01-25
Universal Robina Corp., the food manufacturing arm of JG Summit Holdings Inc., said it expects revenues to rise more than 20 percent in the fiscal year 2015 from a year ago, on the sustained growth of branded food business. The company said the aggressive ...

Stock market seen hitting new record
Manila Standard Today - 2015-01-25
Heavy losers were Concrete Aggregates Corp. "A" shares which declined 27.1 percent to P51; National Reinsurance Corporation of the Philippines, which dropped 14.3 percent to P1.02; and Asia Amalgamated Holdings Corp., which dipped 10.7 percent to P1.25.

P52.1-M fine on CebuPac to go to national treasury
philstar.com - 2015-01-25
MANILA, Philippines - The Civil Aeronautics Board (CAB) yesterday said the P52.1-million fine imposed on Cebu Air Inc. (Cebu Pacific) would not be used to compensate passengers affected by flight delays and cancellations during the Christmas holidays.

Philippine Business Bank in talks with potential foreign investors
interaksyon.com - 2015-01-25
MANILA - Former ambassador Alfredo Yao is entertaining several foreign banks for the possible sale of a part of Philippine Business Bank (PBB). Yao, who chairs PBB, last week said the thrift bank is in talks with "a lot" of foreign lenders, one of which ...

Philippine Business Bank in talks with potential foreign investors
interaksyon.com - 2015-01-25
MANILA - Former ambassador Alfredo Yao is entertaining several foreign banks for the possible sale of a part of Philippine Business Bank (PBB). Yao, who chairs PBB, last week said the thrift bank is in talks with "a lot" of foreign lenders, one of which ...

Macay eyes first-half fundraiser for RC Cola business
interaksyon.com - 2015-01-25
Yao, who chairs Macay Holdings Inc, last week said the license holder of RC Cola in the Philippines plans to raise $200 million from an equity offering. "That is still the target," he said. Asked if the share sale will happen in the first half, he said ...

Macay eyes first-half fundraiser for RC Cola business
interaksyon.com - 2015-01-25
Yao, who chairs Macay Holdings Inc, last week said the license holder of RC Cola in the Philippines plans to raise $200 million from an equity offering. "That is still the target," he said. Asked if the share sale will happen in the first half, he said ...

ACCION FRONTIER
Economic Times - 2015-01-23
The Brussels-based section of Medecins Sans Frontieres will pull out of war-torn parts of Sudan due to a lack of cooperation from authorities. 29 Jan, 2015, 01.16PM IST Anti-tank missile fired at Israeli military vehicle on Lebanon frontier An anti-tank ...

Sky Villas set to re-conquer old ground
Manila Standard Today - 2015-01-23
Domingo Street in New Manila , Quezon City, is the second of five phases within the upscale Andrea North development of the Philippine Realty and Holdings Corporation (PhilRealty). The latter is one of the pioneers in the realty development industry which ...

Bayan confident of getting NTC nod on ownership change
BusinessMirror - 2015-01-22
The telecommunications arm of Lopez Holdings Inc. is bullish that its petition with Globe Telecom Inc. for the change in ownership of Bayan Telecommunications Inc. will soon be approved by the National Telecommunications Commission (NTC). In a statement ...

3 mining firms in Zambales told to pay P3.2M
philstar.com - 2015-01-22
A total of 30 farm lots located in Barangays Tubo-Tubo North, Tubo-Tubo South and Lomboy were affected by the mining operations of Benguet Corporation Nickel Mines, Inc., Eramen Minerals, Inc., and LNL Archipelago Minerals, Inc. The claims were approved ...

3 mining firms to pay Zambales farmers P3.2M
Rappler - 2015-01-22
A total of 30 farm lots located in Barangays Tubo-Tubo North, Tubo-Tubo South, and Lomboy were affected by the mining operations of Benguet Corporation Nickel Mines, Inc., Eramen Minerals, Inc., and LNL Archipelago Minerals, Inc., MGB said on its website ...

Papa Jack: The camera shy love guru
Philstar - 2015-01-22
"Call Me Papa Jack" will have similarities with his radio show, and he said this is no issue with Manila Broadcasting Company, the owner of Love Radio where he works. "Kahit kailan po hindi naging issue sa Manila Broadcasting Company na magkaro'n ...

Del Monte Pacific shelves preferred share sale
interaksyon.com - 2015-01-22
MANILA - Del Monte Pacific Limited (DMPL) has deferred the sale of preferred shares in Singapore because of weak global market conditions. The $360-million preferred share offering was supposed to refinance the fruit canner's $350-million bridge loan ...

Maynilad, Manila Water plant mangroves to protect water supply
BusinessMirror. - 2015-01-22
Maynilad Water Services Inc. (Maynilad) and Manila Water Co., the private-water contractor of ... community to air their concerns with regard to the services rendered by the company and how they can be further improved. "Through this environmental ...

FEU okays P197.72-million cash dividend
BusinessMirror. - 2015-01-22
FAR Eastern University Inc. (FEU) will be issuing a total cash dividend of P197.72 million payable next month. The listed academic institution revealed in a regulatory filing on Wednesday its declaration of a cash amount of P12 per share for distribution ...

Max's to adopt shared service model for procurement across brands
interaksyon.com - 2015-01-22
In a disclosure to the Philippine Stock Exchange, Max's Group Inc said it approved the acquisition of Global Max Services Pte Ltd, a company engaged in the business of management consultancy services, for $1 million. The transaction will allow the company ...

Max's to adopt shared service model for procurement across brands
interaksyon.com - 2015-01-22
In a disclosure to the Philippine Stock Exchange, Max's Group Inc said it approved the acquisition of Global Max Services Pte Ltd, a company engaged in the business of management consultancy services, for $1 million. The transaction will allow the company ...

Manila Water calls on east zone households to take part in desludging program
interaksyon.com - 2015-01-22
In a statement, Manila Water Company Inc said it desludged 65,742 septic tanks last year, equivalent to 243,997 households in the east zone of state-run Metropolitan Waterworks and Sewerage System (MWSS). Manila Water has about six million customers in the ...

Manila Water calls on east zone households to take part in desludging program
interaksyon.com - 2015-01-22
In a statement, Manila Water Company Inc said it desludged 65,742 septic tanks last year, equivalent to 243,997 households in the east zone of state-run Metropolitan Waterworks and Sewerage System (MWSS). Manila Water has about six million customers in the ...

PHILIPPINES NICKEL PLANT
Economic Times - 2015-01-22
SSP, a special steel unit of state-run SAIL, pioneered the supply of wider width stainless steel sheets and coils in the country. The capacity of the plant is initially poised to be 50 tonnes per annum, given the current production rate from the Surda ...

Maynilad, Manila Water plant mangroves to protect water supply
BusinessMirror. - 2015-01-21
Maynilad Water Services Inc. (Maynilad ... and collaboration between Manila Water and its customers served as an opportunity for the community to air their concerns with regard to the services rendered by the company and how they can be further improved.

FEU okays P197.72-million cash dividend
BusinessMirror. - 2015-01-21
FAR Eastern University Inc. (FEU) will be issuing a total cash dividend of P197.72 million payable next month. The listed academic institution revealed in a regulatory filing on Wednesday its declaration of a cash amount of P12 per share for distribution ...

FEU okays P197.72-million cash dividend
BusinessMirror. - 2015-01-21
FAR Eastern University Inc. (FEU) will be issuing a total cash dividend of P197.72 million payable next month. The listed academic institution revealed in a regulatory filing on Wednesday its declaration of a cash amount of P12 per share for distribution ...

Maynilad, Manila Water plant mangroves to protect water supply
BusinessMirror. - 2015-01-21
Maynilad Water Services Inc. (Maynilad ... and collaboration between Manila Water and its customers served as an opportunity for the community to air their concerns with regard to the services rendered by the company and how they can be further improved.

FEU okays P197.72-million cash dividend
BusinessMirror. - 2015-01-21
FAR Eastern University Inc. (FEU) will be issuing a total cash dividend of P197.72 million payable next month. The listed academic institution revealed in a regulatory filing on Wednesday its declaration of a cash amount of P12 per share for distribution ...

Cebu Pacific chief on holiday mess: 'I'm profoundly sorry'
Rappler - 2015-01-21
"We simply had too few agents to handle the many passengers waiting to check in," the Cebu Air chief said. Cebu Pacific outsources its ground handling operations through third party agent Topserve Manpower Solutions Inc, according to Gokongwei. The company ...

Philippine stock index notches new intraday record
interaksyon.com - 2015-01-21
The most actively traded stocks were Metrobank, EDC, PLDT, Universal Robina and SSI. The top gainers were Jolliville, Nihao and Geograce, while the biggest losers were Concrete Aggregates, Jackstones and Philippine H20. The decline in oil prices and the ...

Philodrill ends Pitkin deal
Manila Standard Today - 2015-01-20
THE Philodrill Corp. and its joint venture partners terminated their farm-in agreement with Pitkin Petroleum Plc for a 58.29-percent stake in Service Contract 14C2 covering the West Linapacan field in northwest Palawan. Philodrill said in a disclosure to ...

SC 14C2 contract holders end deal with Pitikin Petroleum
BusinessMirror. - 2015-01-20
Philodril is among the so-called farmors. Other members include Cosco Capital Inc., Forum Energy Philippines Corp., Oriental Petroleum & Minerals Corp., Linapacan Oil & Gas Power Corp., and Petroenergy Resources Corp. Under the May 29, 2008, FIA ...

MJC selling more shares to HK-based investor
Philstar - 2015-01-20
MANILA, Philippines - MJC Investments Corp. (MJIC), a company majority owned by Manila Jockey Club Inc. of the Reyno family, is deriving fresh funds for the ongoing construction of a tourism hub at its former San Lazaro racetrack in Manila from additional ...

SC 14C2 contract holders end deal with Pitikin Petroleum
BusinessMirror. - 2015-01-20
Philodril is among the so-called farmors. Other members include Cosco Capital Inc., Forum Energy Philippines Corp., Oriental Petroleum & Minerals Corp., Linapacan Oil & Gas Power Corp., and Petroenergy Resources Corp. Under the May 29, 2008, FIA ...

SC 14C2 contract holders end deal with Pitikin Petroleum
BusinessMirror - 2015-01-20
Philodril is among the so-called farmors. Other members include Cosco Capital Inc., Forum Energy Philippines Corp., Oriental Petroleum & Minerals Corp., Linapacan Oil & Gas Power Corp., and Petroenergy Resources Corp. Under the May 29, 2008, FIA ...

More townships, boost in local investments seen to dominate headlines this 2015
BusinessMirror. - 2015-01-20
"Right now, we are seeing more developers focused on strengthening their respective geographical growths," noted Iris Josef, vice president of the Business Development Group of Cebu Holdings Inc. (CHI). "We expect more and more players to really ...

Megaworld eyes double-digit growth in 2015
BusinessMirror. - 2015-01-20
MEGAWORLD Corp., a leading property developer founded by billionaire Dr. Andrew Tan, expressed optimism that it can grow in all market segments and post double-digit growth in all segments in 2015. One Uptown Residence and Mall "We expect townships to ...

More townships, boost in local investments seen to dominate headlines this 2015
BusinessMirror - 2015-01-20
"Right now, we are seeing more developers focused on strengthening their respective geographical growths," noted Iris Josef, vice president of the Business Development Group of Cebu Holdings Inc. (CHI). "We expect more and more players to really ...

MJC Investments to sell additional shares to HK investors
Manila Standard Today - 2015-01-19
MJC Investments Corp., the property unit of racetrack operator Manila Jockey Club Inc., said Monday its board approved the issuance of additional shares to Hong Kong-based investors. MJC Invesments said in a disclosure to the stock exchange the strategic ...

Trading of MJIC shares temporarily halted on capital infusion of HK investor
BusinessMirror. - 2015-01-19
According to its report, its Hong Kong investor already owns about 63.1 percent of MJIC. Manila Jockey Club Inc., its parent company, still owns 29 percent, BDO Securities Inc. owns 1 percent and the rest by the public. MJIC said it is "continuously ...

First Metro ETF value up 26%
Philstar - 2015-01-19
MANILA, Philippines - Since its debut in the Philippines, the performance of the First Metro Philippine Equity Exchange-Traded Fund (First Metro ETF) has steadily risen, matching the upward trend of the Philippine Stock Exchange Index (PSEi). First Metro ...

Trading of MJIC shares temporarily halted on capital infusion of HK investor
BusinessMirror - 2015-01-19
According to its report, its Hong Kong investor already owns about 63.1 percent of MJIC. Manila Jockey Club Inc., its parent company, still owns 29 percent, BDO Securities Inc. owns 1 percent and the rest by the public. MJIC said it is "continuously ...

All PSBank branches remain open today
Philstar - 2015-01-19
MANILA, Philippines - Presidential Proclamation 936 declared Jan. 15, 16 and 19 as Special Non-Working Days in the National Capital Region (NCR) in celebration of the Papal visit. PSBank provincial branches will have regular banking operations on the said ...

Yolanda survivors: Purpose of Pope Francis' visit accomplished
Rappler - 2015-01-19
TACLOBAN CITY, Philippines - The Pope's trip to Tacloban was the main objective of the papal visit to the Philippines. A storm almost dampened the spirit of the massive crowd at the Tacloban airport where Pope Francis was expected to celebrate a Mass for ...

Profit taking seen prevailing this week
Manila Standard Today - 2015-01-18
Top gainers last week were Euro-Med Laboratories Philippines Inc., which jumped 28.6 percent to P1.75; Bogo-Medellin Milling Co. Inc., which climbed 25.5 percent to P56; and Cebu Property Venture & Development Corp. "A" shares, which advanced 22 ...

PSE to hold road show for Japanese Investors
BusinessMirror. - 2015-01-18
The Philippine Stock Exchange (PSE) said it will invite Japanese investors to tap the local equities ... include Alliance Global Group Inc.; Ayala Corp. and its property development unit; BDO Unibank Inc.; Energy Development Corp.; JG Summit Holdings ...

Together for healthier kids
Philstar - 2015-01-18
ABS-CBN Broadcasting Corp. president and CEO Charo Santos-Concio said ABS-CBN is happy to be part of United for Healthier Kids. "Our network has the privilege to be welcomed in every Filipino home every day. We will take this opportunity to help promote ...

Trans-Asia plans second wind farm in Guimaras
interaksyon.com - 2015-01-18
MANILA - Trans-Asia Oil & Energy Development Corporation plans to expand ... told InterAksyon.com that the company will put up a second wind farm in Guimaras once regulators increase the number of such projects that may qualify for tariff incentives.