Ramos family hikes stake in United Paragon
BusinessMirror. - 2014-12-18
THE Ramos family-led Anglo Philippine Holdings Corp. on Thursday increased its stake in United Paragon Mining Corp. Anglo said in its disclosure to the Philippine Stock Exchange that it bought 3 billion shares of United Paragon by way of regular cross ...

Meralco to refund customers P5.1 B
philstar.com - 2014-12-18
MANILA, Philippines - Power distributor Manila Electric Co. (Meralco) yesterday accepted an order of the Court of Appeals to refund its customers over P5 billion in excess charges from the main grid. Meralco said it would comply with the ruling on the ...

Ramos family hikes stake in United Paragon
BusinessMirror. - 2014-12-18
THE Ramos family-led Anglo Philippine Holdings Corp. on Thursday increased its stake in United Paragon Mining Corp. Anglo said in its disclosure to the Philippine Stock Exchange that it bought 3 billion shares of United Paragon by way of regular cross ...

Meralco ordered to refund consumers P5B in overpayments
Philippine Daily Inquirer - 2014-12-18
MANILA, Philippines - The Court of Appeals ordered the Manila Electric Company (Meralco) to automatically refund consumers some P5 billion that it will recover from the National Power Corporation (NPC) and the Power Sector Assets and Liabilities ...

Del Monte Pacific to delever after jumbo leverage buyout
GMA Network - 2014-12-18
SINGAPORE - Philippine canned juice maker Del Monte Pacific Limited (DMPL) is planning to meet investors at the beginning of next year ahead of a rare offshore preference share offering of $360 million, according to sources close to the transaction.

AgriNurture subsidiary sells stake in banana plantation to raise working capital
interaksyon.com - 2014-12-18
MANILA - A wholly-owned unit of AgriNurture Inc has sold its holdings in a banana plantation in the southern Philippines. In a disclosure to the Philippine Stock Exchange, the Antonio Tiu-led company said Best Choice Harvest Agricultural Corp (BCH ...

AgriNurture subsidiary sells stake in banana plantation to raise working capital
interaksyon.com - 2014-12-18
MANILA - A wholly-owned unit of AgriNurture Inc has sold its holdings in a banana plantation in the southern Philippines. In a disclosure to the Philippine Stock Exchange, the Antonio Tiu-led company said Best Choice Harvest Agricultural Corp (BCH ...

Top trending local destinations in Philippines
Philstar - 2014-12-18
Costa Pacifica is a resort that lies in Sabang Beach, Baler, Aurora, one of the most famous surfing hubs in the Philippines. The resort belongs ... 2014 Fairview Terraces Pioneered by Ayala land Inc., Fairview terraces opened last March in Fairview ...

National Bookstore's Ramos family hikes stake in United Paragon Mining
interaksyon.com - 2014-12-18
MANILA - The Ramos family of National Book Store fame bought more shares in United Paragon Mining Corp. In a disclosure to the Philippine Stock Exchange, Anglo Philippine Holdings Corp said it purchased three billion shares of United Paragon from a ...

National Bookstore's Ramos family hikes stake in United Paragon Mining
interaksyon.com - 2014-12-18
MANILA - The Ramos family of National Book Store fame bought more shares in United Paragon Mining Corp. In a disclosure to the Philippine Stock Exchange, Anglo Philippine Holdings Corp said it purchased three billion shares of United Paragon from a ...

Shorter operating hours for BDO during Christmas holiday
interaksyon.com - 2014-12-17
BDO Unibank Inc has advised its clients that only select branches will open during the holidays. In a statement, the Henry Sy-owned lender issued the following operating schedule from December 24, 2014 to January 2, 2015: BDO advised its clients to check ...

Filinvest Land mulls increase in Cebu land bank
interaksyon.com - 2014-12-17
CEBU - Filinvest Land Inc (FLI) is open to bidding for two lots in the south of this city for the expansion of the company's landbank. Cebu City Mayor Michael Rama told reporters flown here by the Gotianun-owned property developer that the local ...

Boulevard Holdings says DMCI interested in Puerto Azul
interaksyon.com - 2014-12-16
MANILA - The owner of Friday's Boracay and Puerto Galera is in talks with the Consunji Group for the development of the Puerto Azul property. During its annual stockholders' meeting, Boulevard Holdings Inc (BHI) chairman and chief executive Jose Marcel ...

Boulevard Holdings says DMCI interested in Puerto Azul
interaksyon.com - 2014-12-16
MANILA - The owner of Friday's Boracay and Puerto Galera is in talks with the Consunji Group for the development of the Puerto Azul property. During its annual stockholders' meeting, Boulevard Holdings Inc (BHI) chairman and chief executive Jose Marcel ...

Filinvest Land jacks up investment in Cebu township project
interaksyon.com - 2014-12-16
CEBU - Filinvest Land Inc (FLI) is more than doubling its investment in a township project in the reclaimed South Road Properties after amending the master plan of the area envisioned to become the lifestyle capital of this city. FLI president Josephine ...

Bright Kindle acquires 33% stake in Marcventures for P2.7b
Manila Standard Today - 2014-12-15
Bright Kindle Resources & Investments Inc., formerly Bankard Inc., is acquiring a 32.94- percent stake in Marcventures Holdings Inc. for P2.7 billion. Bright Kindle said in a disclosure to the stock exchange, it was purchasing 600 million Marcventures ...

Mla ports fully decongested early next year, says PPA
philstar.com - 2014-12-15
Ana said. According to Sta. Ana the combined yard utilization of Manila International Container Terminal (MICT) of the International Container Terminal Services Inc. (ICTSI) and the Manila South Harbor of Asian Terminals Inc. stood at 81 percent or ...

PBCOM exceeds branch network target for 2014
Manila Bulletin - 2014-12-15
With only less than three weeks left in 2014, listed Philippine Bank of Communications (PBCOM) has already exceeded its branch network target of only about 75 and will likely end the year with nearly 80 business centers across the country. In September ...

Del Monte Pacific suffers drop in second-quarter earnings on acquisition costs
interaksyon.com - 2014-12-15
MANILA - Del Monte Pacific Limited (DMPL) reported a sharp decline in earnings in the second quarter of its fiscal year 2015 as expenses related to the acquisition of the company that owns the Del Monte brand rights in the United States and South America ...

Infrastructure firms seen leading next year's debt issuers
interaksyon.com - 2014-12-15
MANILA - The Philippine Dealing and Exchange Corp (PDEX) sees infrastructure companies leading the volume of new listings next year after the fixed-income trading platform registered a record 2014. PDEX chairman Cesar B. Crisol last week said one more ...

Cruise Ship Runs Aground in Philippines
The Maritime Executive - 2014-12-15
A Coast Guard official said that the vessel hit a shallow area while it was on its way to the anchorage area. Harbor Star Shipping Services Inc. has been tapped to lead the salvage operation, which is happening about 150 meters off Barangay Dadiangas West ...

DoubleDragon completes construction of first mall
BusinessMirror. - 2014-12-15
DOUBLEDragon Properties Inc. on Monday said it finished the construction of its first mall in Roxas City but its opening was pushed back to a later date to allow tenants to complete the setting up of their own stores. The company said that its first ...

PPA chief: Manila ports to be fully decongested early 2015
Rappler - 2014-12-15
As of December 12, the combined yard utilization of the Manila International Container Terminal (MICT) of the International Container Terminal Services Incorporated (ICTSI) and the Manila South Harbor of Asian Terminals Incorporated (ATI) stood at 81% or ...

Stock index likely to stay above 7,000
Manila Standard Today - 2014-12-14
Top losers were Island Information & Technology Inc., which dropped 39.3 percent to P0.37; Berjaya Philippines Inc., which declined 20.3 percent to P21.10; and Grand Plaza Hotel Corp., which fell 16.6 percent to P25.

Emergency powers trump environment laws-legislator
Philippine Daily Inquirer - 2014-12-14
Aside from the Redondo plant, Colmenares said the emergency powers would benefit five other plants: -- The 135-MW Puting Bato coal plant of South Luzon Thermal Energy Corp. It is owned by Ayala Corp. and Trans-Asia Oil and Energy Development Corp. -- The ...

Emergency powers trump environment laws-legislator
Philippine Daily Inquirer - 2014-12-14
Aside from the Redondo plant, Colmenares said the emergency powers would benefit five other plants: -- The 135-MW Puting Bato coal plant of South Luzon Thermal Energy Corp. It is owned by Ayala Corp. and Trans-Asia Oil and Energy Development Corp. -- The ...

Jolliville to hike stake in local water company
BusinessMirror. - 2014-12-14
JOLLIVILLE Holdings Corp. (JOH) is increasing its investment in Philippine H2O Ventures Corp. (H2O) to further boost its presence in the water-distribution business. The holding firm, owned by the Ting family, disclosed over the weekend that its board of ...

Jolliville to hike stake in local water company
BusinessMirror. - 2014-12-14
JOLLIVILLE Holdings Corp. (JOH) is increasing its investment in Philippine H2O Ventures Corp. (H2O) to further boost its presence in the water-distribution business. The holding firm, owned by the Ting family, disclosed over the weekend that its board of ...

Jolliville to hike stake in local water company
BusinessMirror. - 2014-12-14
JOLLIVILLE Holdings Corp. (JOH) is increasing its investment in Philippine H2O Ventures Corp. (H2O) to further boost its presence in the water-distribution business. The holding firm, owned by the Ting family, disclosed over the weekend that its board of ...

Globe Telecom steps up anti-spam campaign
Philstar - 2014-12-13
MANILA, Philippines - Globe Telecom steps up its campaign versus text spams by making it easier for its customers to report such annoying messages. Customers simply have to go to http://www.globe.com.ph/stopspam and provide all the details required.

DOTC extends doc submission for LRT-2 O&M
philstar.com - 2014-12-13
and DMCI Holdings Inc. Other companies include Miescorrail of electricity giant Manila Electric Co. (Meralco), Hyundai Rotem Co., TUV Rheiland, Aboitiz Equity Ventures, SMRT International, and MTR Hong Kong. Lotilla earlier said the government is pushing ...

City of Dreams Manila soft opening on Dec 14
Rappler - 2014-12-13
MANILA, Philippines - City of Dreams Manila, a $1.13-billion integrated casino and resort project, will have a soft opening on Sunday, December 14. In a disclosure to the Philippine Stock Exchange (PSE), Melco Crown Philippines Corporation said it ...

Premiere Horizon buys51% of tech firm
Philstar - 2014-12-12
MANILA, Philippines - Premiere Horizon Alliance Corp. has acquired a majority stake in a technology firm offering cooling solutions at a total investment of P80 million. In a disclosure to the local bourse, Premiere Horizon said it has signed a share ...

PSE maintains P200B target for 2015
Rappler - 2014-12-12
follow-on offering of Global Ferronickel Holdings Inc., formerly Southeast Asia Cement Holdings Inc. For this year, 7 companies were listed in the stock exchange - 5 through IPOs and the other two by way of introduction. Ayala Corporation, Petron ...

Aquino proposes comprehensive PH-ROK strategic partnership
Rappler - 2014-12-12
Coloma did not provide details of the proposed partnership. Coloma said the two leaders also ... recognizing Korean companies Hanjin and Phoenix Semiconductor Philippines Corporation for their investments in the Philippines. Other issues discussed were ...

As Philippine shares sag, bourse chief keeps hopes up for next year
interaksyon.com - 2014-12-12
So far, seven companies have joined the bourse. They are Top Frontier Investment Holdings Inc and Trans-Asia Petroleum Corp entered the PSE through listing by way of introduction, while Double Dragon Properties Corp, Century Pacific Food Inc, SSI Group ...

Premier Horizon takes over cold storage equipment provider
interaksyon.com - 2014-12-12
MANILA - Premiere Horizon Alliance Corp has secured a controlling stake in a refrigeration equipment provider for cold storage facilities. In a disclosure to the Philippine Stock Exchange, Premiere Horizon said it inked a share purchase agreement to ...

Don't wreck deal, US warns, as climate talks jam
Rappler - 2014-12-12
LIMA, Peru - The United States urged developing countries Thursday, December 11, to ease objections to a world deal on climate change as deadlines loomed at a 12-day UN meeting in Lima. The talks, meant to pave the way to a landmark pact in Paris next ...

Filinvest shows off Fortune Hill
Philstar - 2014-12-11
MANILA, Philippines - Filinvest Land Inc. (FLI), the property development arm of the Gotianun Group, remains bullish on the local real estate sector but noted that there are overcrowding in certain areas in Metro Manila. "There is enough room for ...

Petron: No oil price hike upon leaving Pandacan depot
Rappler - 2014-12-11
MANILA, Philippines - Oil refining and marketing company Petron Corporation assured it will not impose a price hike on its petroleum products once it moves out of the Pandacan oil depot. Petron Chairman and CEO Ramon S. Ang said that the company has been ...

Roxas Holdings, GT Capital unit tie up for co-generation project in Negros
Philstar - 2014-12-11
MANILA, Philippines - Listed sugar miller Roxas Holdings Inc. (RHI) and the power generation unit of Ty-led GT Capital Holdings, Inc. are embarking on a cogeneration project in Negros Occidental. According to RHI, it has signed a memorandum of agreement ...

Ayala Land acquires part of Ramos family's stake in Trinoma mall operator
interaksyon.com - 2014-12-11
In a disclosure to the Philippine Stock Exchange, Ayala Land Inc (ALI) said it bought 538,249 common shares and 2.27 million preferred shares owned by Anglo Philippine Holdings Corp in North Triangle Depot Commercial Corp (NTDCC) for P738 million.

Xurpas acquires stake in Singaporean game developer
interaksyon.com - 2014-12-11
MANILA - Mobile content provider Xurpas Inc has kicked off its regional expansion with the acquisition of a stake in a Singaporean mobile game developer and publisher. In a disclosure to the Philippine Stock Exchange, Xurpas said it acquired a 21.7 ...

Bloomberry slumps after Singapore arbiter allows estranged partner to sell shares
interaksyon.com - 2014-12-11
MANILA - Shares in Bloomberry Resorts Corp slumped on Thursday after a Las Vegas-based casino operator was cleared to unload its shares in the Philippine company. In a disclosure to the Philippine Stock Exchange, Bloomberry said the arbitration tribunal in ...

Pagcor allows Melco Crown to commence operation
BusinessMirror. - 2014-12-10
MELCO Crown (Philippines) Resorts Corp. on Wednesday said it secured a notice from the Philippine Amusement and Gaming Corp. (Pagcor) to commence its operations on its $1.3-billion City of Dreams Manila. "City of Dreams Manila will commence operations on ...

Pagcor allows Melco Crown to commence operation
BusinessMirror. - 2014-12-10
MELCO Crown (Philippines) Resorts Corp. on Wednesday said it secured a notice from the Philippine Amusement and Gaming Corp. (Pagcor) to commence its operations on its $1.3-billion City of Dreams Manila. "City of Dreams Manila will commence operations on ...

Melco Crown seeks Pagcor okay to open City of Dreams Manila
Philstar - 2014-12-10
MANILA, Philippines - The ... of Macau-based casino giant Melco Crown Entertainment Ltd. said it has secured approval from the Philippine Amusement and Gaming Corp (Pagcor) to start operations of its new integrated casino resort.

Group reiterates need to institutionalize EITI
philstar.com - 2014-12-10
These were Semirara Mining Corp., Alcorn Gold Resources Corp., Forum Energy Philippines, Forum Pacific, Oriental Petroleum & Minerals Corp., Philodrill Corp., Citinickel Mines and Development Corp. (a subsidiary of publicly-listed Oriental Peninsula ...

San Miguel Purefoods eyes P15B from preferred shares
philstar.com - 2014-12-10
In its application to the Securities and Exchange Commission, San Miguel Pure Foods Co. Inc. (SMPF) said it intends to sell up to 10 million perpetual Series 2 preferred shares with an oversubscription option of up to five million shares at an initial ...

Sta. Lucia, Hobe gain D-L semis
Manila Bulletin - 2014-12-10
Hobe-JVS defeated Supremo Lex Builders, 79-70, while Sta. Lucia Land Inc. outlasted Uratex Foam, 91-84, Tuesday night to enter the semis round of the 4th DELeague Invitational Basketball Tournament on a winning mood. Jabril Bailey led Hobe-JVS with 20 ...