Business people
Star Tribune - 2015-01-16
on the move Carlson Rezidor Hotel Group, Minnetonka, named Fred Schwartz vice president of owner relations in the Americas. Schwartz was president of the Asian American Hotel Owners Assocation and has held leadership positions at Intercontinental Hotels ...

Port row: No ruling on ownership
Inquirer - 2015-01-14
In its statement on Tuesday, One Source noted that the listed Globalport 900 Inc., a company chaired and controlled by Michael Romero, owns 98 percent of Harbour Center Port Holdings, meaning that the younger Romero also controls HCPTI. The statement was ...

Market Rumors: Mindbody, OneMain, Hyundai Motor
Law 360 - 2015-01-13
Premarketing for the offering is expected to start in early March. The IPO would make it the first local commodity to go public since Coal Asia Holdings Inc. in 2012. --Editing by Emily Kokoll.

Market Rumors: Mindbody, OneMain, Hyundai Motor
Law 360 - 2015-01-13
Premarketing for the offering is expected to start in early March. The IPO would make it the first local commodity to go public since Coal Asia Holdings Inc. in 2012. --Editing by Emily Kokoll.

Victorias Milling venturing into power generation
Philstar - 2015-01-13
MANILA, Philippines - Listed sugar miller Victorias Milling Co. Inc. (VMC) is venturing into power generation. In an exchange filing yesterday, the company said its Board of Directors had authorized the creation of a wholly-owned unit with an authorized ...

LIST: Bank operations during Pope visit
Rappler - 2015-01-13
Regular banking operations in all AUB branches will resume ... Greenhills, Marikina, Bel Air, Ayala Alabang, Las Pinas, and Resorts World will be open from 9 am to 1 pm on January 15 while all branches will be closed the following day.

DMCI revives coal-fired power project in Masbate
interaksyon.com - 2015-01-13
MANILA - A subsidiary of DMCI Holdings Inc is pushing through with a long-delayed coal-fired power project in the island of Masbate. In a joint regulatory filing, DMCI Masbate Power Corp (DMPC) and Masbate Electric Cooperative Inc (Maselco) asked the ...

IRC Properties sets share sale
interaksyon.com - 2015-01-13
MANILA - IRC Properties Inc plans to sell new shares to settle obligations and fund the clearing of land titles within its sprawling property in Binangonan, Rizal. In a disclosure to the Philippine Stock Exchange, the property developer said it authorized ...

Ayala Land taking over completion of Jaka Tower
interaksyon.com - 2015-01-13
MANILA - Ayala Land Inc (ALI) is turning the unfinished Jaka Tower into a headquarter-type office project. Ayala Land chief financial officer Jaime Ysmael said the company will start selling this year roughly over 30,0000 square meters of leasable office ...

Vitarich implements Adifo software
All About Feed - 2015-01-13
Early December, the company Vitarich opened its new office in Bulacan (Philippines). The new office building holds the nutrition, feed formulation and also quality assurance laboratory. Not only is Vitarich making a new start with their new office, they ...

First Pacific hikes stake in Victorias
Manila Standard Today - 2015-01-12
First Pacific Group of Hong Kong now has a 16.85-percent interest in sugar milling company Victorias Milling Co. Inc., after buying shares from its local unit and two other companies. Victorias Milling said in a filing with the Securities and Exchange ...

Thin power reserves from January 26 to July 25
Rappler - 2015-01-12
Philippines - Utility firm Manila Electric Company (Meralco) will tap additional capacity from interim bilateral supply agreements with the units of Global Business Power Corp. (GBPC) from January to July 2015, as Luzon braces for thin power reserves ...

UPDATE 1-Global Ferronickel plans $600 mln IPO in booming Philippine market
Reuters - 2015-01-12
(Adds nickel market context and data, other fund-raising plans) One banking source familiar with the matter said pre-marketing for the issue, aiming to raise as much as 26.98 billion pesos in the first local commodity IPO since Coal Asia Holdings Inc in ...

Philippine stock market pulls back from record after profit taking sets in
interaksyon.com - 2015-01-12
The biggest gainers were Euro-Med, Oriental Petroleum and Cebu Property Venture, while the biggest losers were Concrete Aggregates, Island Information and Leisure Resorts warrants. "It's a combination of a lot of things. There was profit-taking after the ...

Billions of pesos in Church funds locked in stocks
Rappler - 2015-01-12
A check with the PSE showed that the Church is a major player in the stock market, with billions of pesos in funds locked in shares. It has investments in banking, oil, information technology, energy, food and beverages, construction, and mining.

Victorias Milling to create new unit for power generation venture
interaksyon.com - 2015-01-12
MANILA -- Victorias Milling Corp (VMC) is gearing up for a venture into the power generation business with the development of biomass plants. In a disclosure to the Philippine Stock Exchange, the sugar company said its board of directors authorized the ...

Victorias Milling to create new unit for power generation venture
interaksyon.com - 2015-01-12
MANILA -- Victorias Milling Corp (VMC) is gearing up for a venture into the power generation business with the development of biomass plants. In a disclosure to the Philippine Stock Exchange, the sugar company said its board of directors authorized the ...

Ex-GSIS execs face graft raps over e-card
MSN - 2015-01-11
The case stems from their involvement in the allegedly anomalous awarding of contract to the Union Bank of the Philippines for an electronic membership card (e-card) project in May 2004. The e-card project of GSIS was intended to replace the costly and ...

Villar enters health care business with 1st hospital venture
MSN - 2015-01-11
with its maiden hospital set to rise in Vista City -- Vista Land & Lifescapes, Inc.'s masterplanned community in Daang Hari, Mr. Villar told reporters on Friday night. Vitacare inked a partnership last week with a group of doctors for the development of ...

Meralco, Global Power set to sign supply deal
Manila Standard Today - 2015-01-11
Power distributor Manila Electric Co. asked the Energy Regulatory Commission to approve two interim supply agreements with Toledo Power Corp. and Panay Power Corp., both subsidiaries of Global Business Power Corp. Global Business Power is the power ...

Stock index seen testing 7,500 level
Manila Standard Today - 2015-01-11
Top losers were STI Education Systems Holdings Inc., which fell 13.1 percent to P0.66 over management dispute; Petron Corp., which dipped by 9.9 percent to P9.55 on continued drop in world oil prices; and Philippine H2O Ventures Corp., which dropped by 8.2 ...

Filinvest Land spars with Megawide again
Manila Standard Today - 2015-01-11
Expect tempers or emotions to run high when bitter rivals Filinvest Land Inc. of the Gotianun Group and Megawide Construction Corp. of young billionaires led by Michael Cosequien and Edgar Saaverdra go up against each other again for the bidding of the ...

Gas prices dip further in 2015's second rollback
Rappler - 2015-01-11
The rollback in fuel prices is the second time this year, this time implemented by companies Petron Corporation, Pilipinas Shell, Phoenix Petroleum, PTT Philippines, and Seaoil. Other oil firms are also expected to carry out the rollback. Apart from ...

A nature sanctuary by Filinvest
News Philippines Yahoo - 2015-01-11
As a reprieve from the hard edges of the urban metropolis, Filinvest Land Inc. (FLI) is offering a premium condominium reminiscent of a nature sanctuary, announced the property developer. Dubbed Botanika Nature Residences, the three-tower condominium is ...

PSE expands list of Shariah-compliant firms
Philstar - 2015-01-10
The new companies that joined the ranks of Shariah-complaint firms were APC Group Inc., Century Peak Metals Holdings Corp., EEI Corp., Globe Telecom Inc., MacroAsia Corp., NIHAO Mineral Resources International Inc., SSI Group Inc., and Trans-Asia Petroleum ...

Inflation to remain manageable - Metrobank
Philstar - 2015-01-10
MANILA, Philippines - Inflation should continue to be manageable ... The high 2014 base will also dampen pressures to the index," Mabellene Reynaldo, research analyst at Metrobank, said in the latest Weekly Views from the Metro. "Possible upside ...

Yao readies partial sale of Macay stake
MSN - 2015-01-09
THE KEY shareholder of Macay Holdings, Inc. has tapped three investment banks as it gears up for the sale of a portion of its stake in the company to boost the liquidity of the soft drinks maker's shares. Macay told the stock exchange Mazy's Capital ...

San Miguel Pure Foods investing P10b
Manila Standard Today - 2015-01-09
San Miguel Pure Foods Co. Inc., the food manufacturing unit of conglomerate San Miguel Corp., is spending between P8 billion and P10 billion annually over the next two to three years as it aggressively expands its domestic and overseas businesses.

Nationwide program beefs up masonry skills
Manila Standard Today - 2015-01-09
Holcim Philippines, Inc. (HPI) is strengthening further its flagship CSR initiative, "Galing Mason" program. Set up in 2004, the program seeks to build a pool of masons all over the country through comprehensive formal training on masonry. Empowerment ...

Globe gets license to operate in Singapore
BusinessMirror. - 2015-01-09
AYALA-LED Globe Telecom Inc. has secured a facilities-based operations license from the Singaporean telecommunications regulator, enabling its subsidiary to offer its mobile services in the Southeast Asian nation. In a filing with the local bourse, the ...

Purefoods building more manufacturing plants in Philippines, eyeing Asean acquisitions
interaksyon.com - 2015-01-09
MANILA - San Miguel Pure Foods Co Inc plans to build new plants in the Philippines and acquire companies in Southeast Asia, as the food manufacturer sees growth picking up this year. Purefoods president Francisco Alejo III said the company will put up 10 ...

Metro Pacific unloads Victorias Milling stake
philstar.com - 2015-01-09
MPHI sold its 7.67-percent interest in Victorias Milling Co. Inc. (VMC) to First Agri Holdings Corp. for about P900 million, a report filed at the Philippine Stock Exchange showed. The Pangilinan-led firm said it sold a total of 196.66 million common ...

Philodrill to operate Octon block again
Manila Standard Today - 2015-01-08
The Philodrill Corp. has re-assumed operatorship of Service Contract 6A, or the Octon block, effective Jan. 1 this year, replacing erstwhile operator Pitkin Petroleum Ltd. Pitkin opted out of the Octon block partnership, following its decision on July 11 ...

Philodrill regains operatorship of Octon Block service contract
Manila Bulletin - 2015-01-08
The Philodrill Corporation has re-assumed operatorship of the Service Contract 6A - Octon Block effective January 1 this year, replacing erstwhile operator Pitkin Petroleum Limited which opted out of the Octon Block partnership following their decision ...

PBCOM to double-loan portfolio in 3 years
BusinessMirror. - 2015-01-08
The Philippine Bank of Communications (PBCom) eyes the doubling up its loan portfolio to P56 billion over the next three years. PBCom Chairman Eric Recto said they have very good prospects for this year as they focus on building capacity for its small and ...

PBCOM to double-loan portfolio in 3 years
BusinessMirror. - 2015-01-08
The Philippine Bank of Communications (PBCom) eyes the doubling up its loan portfolio to P56 billion over the next three years. PBCom Chairman Eric Recto said they have very good prospects for this year as they focus on building capacity for its small and ...

PBCom eyes expansion of SME, consumer lending
Inquirer - 2015-01-08
MANILA, Philippines-Philippine Bank of Communications (PBCom) is repositioning itself as a commercial bank for small and medium enterprises (SMEs), aiming to unlock synergies from the flagship retailing business of its new principal investor, the group ...

PBCOM to double-loan portfolio in 3 years
Business Mirror - 2015-01-08
The Philippine Bank of Communications (PBCom) eyes the doubling up its loan portfolio to P56 billion over the next three years. PBCom Chairman Eric Recto said they have very good prospects for this year as they focus on building capacity for its small and ...

PBB wins case vs CST
BusinessMirror. - 2015-01-08
Philippine Business Bank Inc. (PBB) may now collect on debt of P75 million owed by CST Enterprises Inc. and exercise an option to foreclose a mortgaged property should payment not be made. In a disclosure to the Philippine Stock Exchange (PSE), the lender ...

PBB wins case vs CST
BusinessMirror - 2015-01-08
Philippine Business Bank Inc. (PBB) may now collect on debt of P75 million owed by CST Enterprises Inc. and exercise an option to foreclose a mortgaged property should payment not be made. In a disclosure to the Philippine Stock Exchange (PSE), the ...

PBCOM to double-loan portfolio in 3 years
BusinessMirror. - 2015-01-08
The Philippine Bank of Communications (PBCom) eyes the doubling up its loan portfolio to P56 billion over the next three years. PBCom Chairman Eric Recto said they have very good prospects for this year as they focus on building capacity for its small and ...

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

The wRap
Rappler - 2015-01-08
As of the last trading day of 2014, the Philippine Stock Exchange Index closed up 23%. This means that if you invested in end-2013 in First Metro Philippine Equity Exchange Traded Fund and held it until end-2014, your investment would have grown by 23%.

Meralco rates going down anew in January
Philstar - 2015-01-07
MANILA, Philippines - Consumers will see a P38 reduction in their electricity bills for the month of January due to lower cost of coal and after the power supply situation returned to normal. Power distributor Manila Electric Co. (Meralco) said rates would ...