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 ...

City of Dreams Manila soft opening on Dec. 14
Inquirer - 2014-12-10
Casino operator Melco Crown (Philippines) Resorts Corp. announced on Wednesday that COD Manila had received from the state-run Philippine Amusement and Gaming Corp. the notice to commence casino operations. The disclosure confirmed that the integrated ...

Alliance Select Foods reorganizes
Manila Standard Today - 2014-12-09
Seafood producer and exporter Alliance Select Foods International Inc. has reorganized its management team and board of directors to allow younger and more dynamic executives to address the challenge of international competition. Alliance Select said in a ...

Consumers to find Dec. electricity rate down to year's lowest level, says Meralco
GMA Network - 2014-12-09
Customers of Manila Electric Company (Meralco) will find their electricity bills this month lower by P0.19 per kilowatt hour (kWh) as the generation charge fell to its lowest level for the year, the company said Tuesday. On its official Twitter account ...

PERC hikes capital to P700 million
BusinessMirror. - 2014-12-09
PetroEnergy Resources Corp. (PERC) on Tuesday said it is increasing its capital by P370 million to raise funds for its power projects. The listed firm told the stock exchange that it will increase its authorized capital stock to P700 million from P330 million.

PERC hikes capital to P700 million
BusinessMirror. - 2014-12-09
PetroEnergy Resources Corp. (PERC) on Tuesday said it is increasing its capital by P370 million to raise funds for its power projects. The listed firm told the stock exchange that it will increase its authorized capital stock to P700 million from P330 million.

Puregold to spend P5.5B in capital expenditures for 2015
Rappler - 2014-12-09
MANILA, Philippines - Puregold Price Club Inc of retail tycoon Lucio Co will be spending P5.5 billion ($123.31 million*) in 2015 primarily for store expansion. About 25 Puregold stores are for construction, totaling P5.5 billion ($123.31 million); two S ...

Philex Mining allowed to resume Padcal operations 2 years after tailings leak
Philippine Daily Inquirer - 2014-12-08
MANILA, Philippines--The Mines and Geosciences Bureau has allowed Philex Mining Corp. to finally resume its operations in its Padcal mine in Benguet, roughly two years after the company was slapped with a cease and desist order. In an Aug. 27 letter to ...

IMI says $1-B revenue goal attainable
philstar.com - 2014-12-08
MANILA, Philippines - Coming off a successful maiden share offering, Integrated Micro-Electronics Inc. (IMI) of the Ayala conglomerate is not closing its doors to the possibility of hitting its $1-billion revenue goal earlier set for 2016 at a faster pace.

Cosco, Puregold to spend P9.5 billion next year
BusinessMirror - 2014-12-08
The main business units of Lucio Co, Cosco Capital Inc. and supermarket operator Puregold Price Club Inc., may spend a combined P9.5 billion next year, as the companies expand their retail operations in the Philippines that include additional supermarkets ...

Capital raised at PH stock market unlikely to hit 2014 target
interaksyon.com - 2014-12-08
So far, eight companies have joined the bourse, namely Top Frontier Investment Holdings Inc and Trans-Asia Petroleum Corp - both of which joined by way of introduction -- Double Dragon Properties Corp, Century Pacific Food Inc, SSI Group, Phoenix ...

LIST: Limited banking hours due to Typhoon Ruby
Rappler - 2014-12-08
PBCOM's nationwide ATM network and Customer Care Hotline ... Branches of the Bank of the Philippine Islands (BPI) in areas affected by typhoon Ruby will be closed by 2 pm Monday. "However, some of these branches may close earlier, depending on local ...

Slex, Skyway okay exact toll
Manila Standard Today - 2014-12-07
The operators of South Luzon Expressway and Metro Manila Skyway will enforce an "exact toll fee" policy on dedicated lanes to be opened at toll plazas starting Dec. 15. South Luzon Tollways Corp. and Skyway Operations Maintenance Corp., which operate ...

Typhoon Hagupit may affect market
Manila Standard Today - 2014-12-07
Keppel Philippines Holdings "A" share, which rose 16.33 percent to P5.20; and iRipple Inc., which climbed 14.1 percent to P52.50. Meanwhile, top price losers were Medco Holdings Inc., which lost 16.6 percent to P0.47; Bogo-Medellin Mining Co. Inc ...

SSI Group, Cebu Pac highly recommended
Manila Bulletin - 2014-12-07
SSI Group, Inc. is one of the highly recommended stocks this week because it is somewhat immune to the volatility that may be caused by local climate woes, while Cebu Air, Inc. is still expected to go up because of plummeting world oil prices. AB Capital ...

Cosco, Puregold to spend P9.5 billion next year
BusinessMirror. - 2014-12-07
The main business units of Lucio Co, Cosco Capital Inc. and supermarket operator Puregold Price Club Inc., may spend a combined P9.5 billion next year, as the companies expand their retail operations in the Philippines that include additional supermarkets ...

HI to redeem P8.8-M preferred shares
BusinessMirror - 2014-12-07
LISTED company House of Investments Inc.(HI) is redeeming preferred shares amounting to P8.8 million. The company, a member of the Yuchengco Group of Companies, disclosed to the Philippine Stock Exchange on Friday its redemption of P0.40 per preferred ...

Dark horse
philstar.com - 2014-12-06
This proved useful in managing family-run companies such as Air Philippines and Waterfront Philippines which maintain a string of hotels nationwide. Despite his success in the private sector, Gatchalian could not resist the higher calling for public ...

Oil firms roll back fuel prices by as much as P2.50
Manila Bulletin - 2014-12-06
Consumers were treated to a big-time rollback in oil prices of as much as P2.50 per liter for gasoline and P2.25 per liter for diesel led by oil giants Pilipinas Shell and Petron Corp. as well as independent players Unioil Corp. and PTT Philippines ...

2GO spared from port congestion, posts 62% income hike to P634M
Manila Bulletin - 2014-12-06
Unlike other companies that were affected by port congestion on a negative way, integrated transport solutions provider 2GO Group, Inc. was spared against the short-term crisis and saw its income increasing by more than 60 percent during the first nine ...

SM Prime to spend P7B for 2 BPO buildings
Rappler - 2014-12-06
MANILA, Philippines - SM Prime Holdings Inc is spending P7 billion ($156.77 million ... For further expansion, SM Prime is looking at Pampanga and Cebu as possible locations for its BPO buildings. To date, SM Prime has 600,000 sq m of leasable space ...

Roxaco to build intl resort in Tagaytay
Manila Standard Today - 2014-12-05
Roxaco is the property development arm of publicly-listed Roxas and Company, Inc., which is the holding company of the Roxas Group, and helmed by Pedro Roxas as its Chairman and President. Santiago R. Elizalde, Roxaco executive vice president, said the ...

Aboitiz Group sets sights on infra, Asean expansion
interaksyon.com - 2014-12-05
Aboitiz Equity Ventures Inc (AEV) president and chief executive officer Erramon I. Aboitiz on Thursday said the conglomerate intends to make infrastructure the group's fifth leg after power, banking, real estate and food. "Clearly, that's a direction we ...

Ginebra selling non-alcoholic business to San Miguel Brewery
interaksyon.com - 2014-12-05
MANILA - Ginebra San Miguel Inc is selling some of its non-alcoholic beverage assets to San Miguel Brewery Inc (SMB). In a disclosure to the Philippine Stock Exchange, Ginebra San Miguel said its board of directors authorized the sale and transfer to SMB ...

COCKTALES | PCGG sues Ombudsman, gets lectured yet again by SC for another late filing
interaksyon.com - 2014-12-05
The listed shell company Prime Media is dropping SGV as long-time auditing firm in favor of SGV breakaway firm Reyes Tacandong, following a similar move by related companies Bright Kindle Resources and Marcventures.

San Miguel Corp. reports Q1 net income down 49% on forex losses
MSN - 2014-12-04
Better volumes pushed liquor unit Ginebra San Miguel Inc.'s revenues 21 percent higher to P3.6 billion from P3.1 billion. - Danessa O. Rivera/VS, GMA News

RFM says Q1 net income up 8.4% on higher sales, better margins
MSN - 2014-12-04
Higher sales and better margins helped food and beverage manufacturer RFM Corporation post an 8.4 percent rise in net profit to P167 million in the first quarter of the year. Sales revenue slightly rose to P2.24 billion from P2.22 billion a year earlier ...

The RISE Makati by Shang Properties
linkedin.com - 2014-12-04
The RISE is located at MALUGAY ST. BRGY. SAN ANTONIO MAKATI CITY. Artistically armed with a Modern Industrial Design in the NOMA District (North of MAKATI), this development promises to be newest toast of the town. THE SHANG COMMERCIAL COMPLEX. With 2 ...

Global Ferronickel to sell P31-b shares
Manila Standard Today - 2014-12-04
Global Ferronickel Holdings Inc., formerly Southeast Asia Cement Holdings Inc., plans to sell up to P31.03 billion worth of shares early next year to finance expansion of nickel and other mining assets. Global Ferronickel said in the registration statement ...

BDO gets above average rating
Philstar - 2014-12-04
MANILA, Philippines - BDO Leasing and Finance Inc., a subsidiary of BDO Unibank Inc., obtained an above average rating from the Philippine Ratings Services Corp. for its P15 billion short-term commercial paper issuance. In a statement, PhilRatings said ...

ALI acquiring Anglo share in North Triangle for P1.26 billion
BusinessMirror. - 2014-12-04
Property developer Ayala Land Inc. (ALI) on Wednesday said it was acquiring the minority stake of Anglo Philippine Holdings Corp. in the operator of the TriNoma commercial center in Quezon City. Ayala Land said in a regulatory disclosure that it offered to ...

ALI acquiring Anglo share in North Triangle for P1.26 billion
BusinessMirror - 2014-12-04
Property developer Ayala Land Inc. (ALI) on Wednesday said it was acquiring the minority stake of Anglo Philippine Holdings Corp. in the operator of the TriNoma commercial center in Quezon City. Ayala Land said in a regulatory disclosure that it offered to ...

Binay main campaign donors slapped with P39-million tax evasion case
Philippine Daily Inquirer - 2014-12-04
He paid P58,000 in income tax. In 2011, Tiu secured a P3.34-million loan with the Philippine Business Bank (PBB) and made additional investments worth P7.5 million in Greenergy Holdings Inc. That year, he declared sales amounting to P3.15 million ...

Seacem plans share sale in March
interaksyon.com - 2014-12-04
In a preliminary prospectus filed with the Securities and Exchange Commission (SEC), Global Ferronickel Holdings Inc said it is selling up to 7.09 billion Seacem shares consisting of 3.08 billion primary shares, 3.08 billion secondary shares and up to 924 ...

Philippine share prices retreat on concern over high valuations, new super typhoon
interaksyon.com - 2014-12-04
The top gainers were Keppel Holdings, AG Finance and Manila Mining, while the biggest losers were Lorenzo Shipping, Anchor Land and Bloomberry. "It's a classic case of profit-taking given valuations of the market and there's not much market-moving data ...

Binay main campaign donors slapped with P39-million tax evasion case
Philippine Daily Inquirer - 2014-12-04
He paid P58,000 in income tax. In 2011, Tiu secured a P3.34-million loan with the Philippine Business Bank (PBB) and made additional investments worth P7.5 million in Greenergy Holdings Inc. That year, he declared sales amounting to P3.15 million ...

Notice regarding Pacquiao vs. Bradley II
MSN - 2014-12-03
Timothy Bradley Fight, including undercard or preliminary bouts, to be held at MGM Grand Garden Arena in Las Vegas on April 13, 2014 at 9 a.m. (Philippine Time). Only establishments under contract with Solar or any of its Pay-Per-View Partner Cable TV ...

ALI acquiring Anglo share in North Triangle for P1.26 billion
BusinessMirror. - 2014-12-03
Property developer Ayala Land Inc. (ALI) on Wednesday said it was acquiring the minority stake of Anglo Philippine Holdings Corp. in the operator of the TriNoma commercial center in Quezon City. Ayala Land said in a regulatory disclosure that it offered to ...

Two Leaders in Russian Debt Collection Market Combining to Create Massive ARM Firm
InsideARM - 2014-12-03
Two FCB investors, Baring Vostok Capital Partners and Da Vinci Capital, both leading Russian Private Equity Funds, initiated the project. ?lients of both FCB & NRS will benefit from full scope of collection services and increased efficiency at all ...

ALI acquiring Anglo share in North Triangle for P1.26 billion
BusinessMirror. - 2014-12-03
Property developer Ayala Land Inc. (ALI) on Wednesday said it was acquiring the minority stake of Anglo Philippine Holdings Corp. in the operator of the TriNoma commercial center in Quezon City. Ayala Land said in a regulatory disclosure that it offered to ...

Sta. Lucia Land presents Riverfront Corporate City
Manila Bulletin - 2014-12-03
Sta. Lucia Land, Inc. (SLI) -- known for its portfolio of subdivision developments, world-class golf courses, and vertical communities in suburban Metro Manila -- has brought its real estate expertise to the Southern Philippines. Recently, it launched a ...

Ayala Land consolidates control of Trinoma
Inquirer - 2014-12-03
MANILA -- Ayala Land Inc. (ALI) is set to consolidate its control over the Trinoma commercial center in Quezon City by buying out the 15.79 percent interest held by Anglo Philippine Holdings Corp. for P1.26 billion. "This acquisition is aligned with ALI ...

Ayala Land to buy Anglo PHL's stake in Trinoma owner for P1.26B
GMA Network - 2014-12-03
Listed property developer Ayala Land Inc. is raising its stake in the operator of a mall in Quezon City after its partner Anglo Philippine Holdings Corp. accepted an offer for P1.26 billion. In a disclosure to the Philippine Stock Exchange Wednesday ...

Anglo selling stake in Trinoma to Ayala Land
interaksyon.com - 2014-12-03
In a disclosure to the Philippine Stock Exchange, Anglo Philippine Holdings Corp said its board has accepted Ayala Land Inc's (ALI) offer to purchase a 15.79 percent stake in North Triangle Depot Commercial Corp (NTDCC) for P1.26 billion. "The acquisition ...

Anglo selling stake in Trinoma to Ayala Land
interaksyon.com - 2014-12-03
In a disclosure to the Philippine Stock Exchange, Anglo Philippine Holdings Corp said its board has accepted Ayala Land Inc's (ALI) offer to purchase a 15.79 percent stake in North Triangle Depot Commercial Corp (NTDCC) for P1.26 billion. "The acquisition ...

Megaworld presents 'the next big thing in Alabang'
News Philippines Yahoo - 2014-12-03
The total land area of the township spans 62 hectares. It is located near Alabang Town Center, Alabang Golf & Country Club, San Beda College-Alabang, PAREF Woodrose, De La Salle Santiago-Zobel, the Asian Hospital, and other noted establishments in the South.

Two Leaders in Russian Debt Collection Market Combining to Create Massive ARM Firm
InsideARM - 2014-12-03
Two FCB investors, Baring Vostok Capital Partners and Da Vinci Capital, both leading Russian Private Equity Funds, initiated the project. ?lients of both FCB & NRS will benefit from full scope of collection services and increased efficiency at all ...

PSBank expects loan growth despite tighter BSP rules on lending
interaksyon.com - 2014-12-03
Vicente R. Cuna Jr., president of Philippine Savings Bank (PSBank), said new rules issued by the Bangko Sentral ng Pilipinas (BSP) won't curtail lending, as they are meant to protect depositors more than anything else. Last October, the BSP tightened ...

The wRap
Rappler - 2014-12-03
The military will hold a belated Heroes Welcome for the peacekeepers on Thursday, December 4. Mobile consumer company Xurpas (X) made its debut at the Philippine Stock Exchange (PSE) on Tuesday, December 2, marking a milestone in the company and the stock ...

The wRap
Rappler - 2014-12-03
The military will hold a belated Heroes Welcome for the peacekeepers on Thursday, December 4. Mobile consumer company Xurpas (X) made its debut at the Philippine Stock Exchange (PSE) on Tuesday, December 2, marking a milestone in the company and the stock ...