PBB opening 5 branches this month
Manila Standard Today - 2014-12-02
Philippine Business Bank, a 17-year-old lender owned by businessman Alfredo Yao, said it will open five more branches this month to bring the total to 115 outlets. PBB president and chief executive Roland Avante said in a disclosure to the stock exchange ...

Ayala Land renews bid to buy Panlilio property
BusinessMirror. - 2014-12-02
Ayala Land Inc. has offered to resume its dealings with the Panlilio family-led Boulevard Holdings Inc. for the purchase of "a large chunk" of land in Puerto Azul in Ternate, Cavite. Jose Marcel Panlilio, Boulevard Holdings chairman and CEO ...

Ayala Land renews bid to buy Panlilio property
BusinessMirror. - 2014-12-02
Ayala Land Inc. has offered to resume its dealings with the Panlilio family-led Boulevard Holdings Inc. for the purchase of "a large chunk" of land in Puerto Azul in Ternate, Cavite. Jose Marcel Panlilio, Boulevard Holdings chairman and CEO ...

Phoenix Semiconductor makes stock market debut
philstar.com - 2014-12-02
MANILA, Philippines - Newly-listed firm Phoenix Semiconductor Philippines Corp. (PSPC) will pursue with its bullish expansion plans in the Philippines following its successful debut in the local bourse yesterday. PSPC, a local unit of South Korean ...

Philippine Business Bank to miss this year's target for branch network expansion
interaksyon.com - 2014-12-02
MANILA - Philippine Business Bank (PBB) has pushed back to early next year its goal of increasing its branch network by a quarter. In a disclosure to the Philippine Stock Exchange, the Alfredo Yao-owned lender said it will likely end this year with a ...

Nix Nolledo: 'Xurpas is just the beginning'
Rappler - 2014-12-02
Xurpas, a company specializing in the creation of digital products and services for mobile end-users, made its debut on the Philippine Stock Exchange on Tuesday, December 2. Below are excerpts from the speech of Xurpas President and CEO, Nix Nolledo.

Megawide to bid for P19B Kaliwa dam project
Inquirer - 2014-12-02
MANILA, Philippine--Megawide Construction Corp. seeks to widen its infrastructure business by bidding for the P18.72-billion Kaliwa Dam project to be bid out by the Metropolitan Waterworks and Sewerage System under the public-private partnership framework.

Anchor Land Holdings Inc (ALHI)
investing.com - 2014-12-02
Anchor Land Holdings, Inc. is a Philippines-based holding company of the ALHI Group. The Company focuses on the business of real estate organized to acquire by purchase, lease, donation, or otherwise, and to own, use, improve, develop, subdivide, sell ...

Fun games and adventure at Cosplay Carnival 2016
Manila Bulletin - 2014-12-01
Daiso Japan Philippines recently teamed up for the first time with website and online community Cosplay.ph in support of Cosplay Carnival 2016. It was a two-day event of fun games and adventure highlighted by the many aspects of cosplay including Dance ...

I.M.I. only raised P1.6 billion after not exercising overallotment option
BusinessMirror. - 2014-12-01
Ayala-led Integrated Micro-Electronics Inc. (IMI) said it raised some P1.61 billion from a public offer that ended on Monday. The company said it only sold 215 million primary common shares, at P7.50 apiece, and did not exercise its overallotment option of ...

Del Monte Pacific, Spain's Nice Fruit forming joint venture for PH packing facility
interaksyon.com - 2014-12-01
MANILA - Del Monte Pacific Limited (DMPL) has partnered with a Spanish firm for the processing, marketing and sale of frozen products in overseas markets. In a disclosure to the Philippine Stock Exchange, the fruit canner said its board of directors ...

Newly listed Phoenix Semiconductor forging new deals by Q1 2015
GMA Network - 2014-12-01
The Philippine unit of South Korea's STS Semiconductor and Telecommunications Co. Ltd. expects to sign contracts with new partners - apart from Samsung Electronics Co. Ltd. - by the first quarter of 2015, a company official said Monday. Newly listed ...

Anglo Philippine Holdings Corp (APO)
investing.com - 2014-12-01
The Company's segments pertain to its investments in associates. Atlas Consolidated Mining Development Corporation (ACMDC), The Philodrill Corporation (TPC), United Paragon Mining Corporation (UPMC) and North Triangle Depot Commercial Corporation (NTDCC ...

Football training center for national teams now being built in Cavite
interaksyon.com - 2014-12-01
In the past years football has improved especially your national team," Blatter said. The Manila Jockey Club, operator of the San Lazaro Leisure and Business Park where the facility is located, hopes that the venue would pave the way for a new football ...

Holiday spending to support market
Manila Standard Today - 2014-11-30
Top losers were 2Go Group Inc., which lost 25.8 percent to P4.08; Lorenzo Shipping Corp., which decreased 22.1 percent to P1.62; and Island Information & Technology Inc., which dipped 17.5 percent to P0.61.

SBMA allots P11B to expand ports, roads
BusinessMirror. - 2014-11-30
However, with Sohar Industrial Port Co., APL Co. Ltd., Wan Hai Lines and ... SBMA, the ninth-largest government-owned and -controlled corporation in the Philippines, enjoyed a 21-percent spike in revenues as of October, and a 42-percent growth in ...

Farmers hit food-to-bioethanol conversion of sugar plantations
Business Mirror - 2014-11-29
THE Kilusang Magbubukid ng Pilipinas (KMP) assailed on Saturday the shift from food to bioethanol of sugarcane plantations in Isabela province, owing to the expansion of the Ecofuel Land Development Inc. in the province. In a statement, KMP said the ...

Farmers hit food-to-bioethanol conversion of sugar plantations
BusinessMirror. - 2014-11-29
THE Kilusang Magbubukid ng Pilipinas (KMP) assailed on Saturday the shift from food to bioethanol of sugarcane plantations in Isabela province, owing to the expansion of the Ecofuel Land Development Inc. in the province. In a statement, KMP said the ...

ISM to buy back shares worth P1.82b
Manila Standard Today - 2014-11-28
ISM Communications Corp., the telecommunications company controlled by former trade minister Roberto Ongpin, said it will conduct a tender offer to buy back up to 1.2 billion common shares at P1.52 apiece. The transaction is valued at P1.82 billion.

State-of-the-art Theatre at Solaire is set to dazzle and draw the crowd
interaksyon.com - 2014-11-28
This theater is set to redefine the landscape of arts, culture, and entertainment scene in the Philippines, and possibly throughout Asia, and the world," said Thomas Arasi, president and CEO of Bloomberry Resorts Corporation, developer of Solaire ...

Go Negosyo, Rappler sign content partnership deal
Rappler - 2014-11-28
MANILA, Philippines - Social news network Rappler signed a content partnership deal with Go Negosyo on Thursday, November 27 - a collaboration to tell inspiring stories about Filipino entrepreneurs. Go Negosyo founder Jose Ma "Joey" Concepcion III and ...

PAL tender offer snubbed
Manila Standard Today - 2014-11-27
Minority shareholders of PAL Holdings Inc. snubbed the tender offer conducted by the Lucio Tan-led airline operator. PAL Holdings, which operates flag carrier Philippine Airlines, said only 3,575 shares were sold by minority shareholders during the tender ...

First Ayala Auto Fair
Manila Standard Today - 2014-11-27
Ayala Automotive Holdings Corporation: Taking Filipinos to greater ... Inc., the company now has 5 strategically located branches in Metro Manila - Makati, Pasig, Alabang, Shaw, and Global City, making it the biggest dealer group in the entire network ...

Only 2 PAL investors unloaded off shares in latest offer
BusinessMirror. - 2014-11-27
THE voluntary tender offer launched by Philippine Airlines Inc. (PAL) and its listed parent PAL Holdings Inc. last month was shunned by their investors, with less than a percent availing themselves of the discounted bid. In a disclosure to the local bourse ...

Only 2 PAL investors unloaded off shares in latest offer
BusinessMirror. - 2014-11-27
THE voluntary tender offer launched by Philippine Airlines Inc. (PAL) and its listed parent PAL Holdings Inc. last month was shunned by their investors, with less than a percent availing themselves of the discounted bid. In a disclosure to the local bourse ...

Only 2 PAL investors unloaded off shares in latest offer
BusinessMirror - 2014-11-27
THE voluntary tender offer launched by Philippine Airlines Inc. (PAL) and its listed parent PAL Holdings Inc. last month was shunned by their investors, with less than a percent availing themselves of the discounted bid. In a disclosure to the local bourse ...

Disappointing economic growth data pummel Philippine share prices
interaksyon.com - 2014-11-27
The top gainers were Makati Finance, IRipple and Easycall, while the biggest losers were Megaworld, Lorenzo Shipping and Vivant. "Investors were disappointed with the third quarter GDP results," said Alexander Adrian Tiu of AB Capital Securities Inc. The ...

Holcim strike averted after settlement - DOLE
Rappler - 2014-11-27
MANILA, Philippines - Labor Secretary Rosalinda Baldoz assured the construction sector on Thursday, November 27, of steady cement supply, after planned strikes in 2 of 4 major plants of cement manufacturing giant Holcim Philippines Inc were averted ...

StanChart, HSBC sell back PAL shares to Lucio Tan Group
interaksyon.com - 2014-11-27
In a disclosure to the Philippine Stock Exchange, PAL Holdings Inc said only Standard Chartered Bank and HSBC availed of the tender offer. StanChart sold back 575 shares, while HSBC gave up 3,000. Astro del Castillo, managing director of First Grade ...

Integrated Micro-Electronics to expand medical devices business
interaksyon.com - 2014-11-26
MANILA - Integrated Micro-Electronics Inc (IMI) will use proceeds from an ongoing follow-on offering to fund acquisitions, expand to other markets and boost capacity. IMI president Arthur Tan on Tuesday said signs point to "very good" demand for its ...

Integrated Micro-Electronics to expand medical devices business
interaksyon.com - 2014-11-26
MANILA - Integrated Micro-Electronics Inc (IMI) will use proceeds from an ongoing follow-on offering to fund acquisitions, expand to other markets and boost capacity. IMI president Arthur Tan on Tuesday said signs point to "very good" demand for its ...

Aquino vows to certify coco levy bill as urgent
Rappler - 2014-11-26
The P71-billion coconut levy funds represent 24% of San Miguel Corporation shares the government gave to ... the decision is not yet final and executory. - Rappler.com

Philippines sugar mill exploring bioplastics production
Biofuels Digest - 2014-11-25
In the Philippines, the Central Azucarera de la Carlota is exploring the possibility of producing bioplastics from sugarcane. To that end, the company has signed a research MOU with the University of the Philippines in Los Baños and is also in talks for a ...

Puregold to open as many as 20 convenience stores under Lawson brand by January
interaksyon.com - 2014-11-25
MANILA - Puregold Price Club Inc will start rolling out its Lawson chain of convenience stores before yearend. "We are set to open the first 10-20 stores by end-December to early January," Puregold president Leonardo Dayao said, noting that the stores ...

Aboitiz Power addressing power gap
Manila Standard Today - 2014-11-24
Aboitiz Power Corp. and its customers pledged to participate in the so-called interruptible load program to free up around 166 megawatts of private sector reserves to help avert the expected power shortage in the dry months of 2015. Several customers of ...

PSBank rated PHL strongest savings bank
BusinessMirror. - 2014-11-24
PHILIPPINE Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, was ranked fifth strongest bank by balance sheet and the strongest thrift-banking institution in the Philippines. In The Asian Banker 500 annual ranking, PSBank was included ...

PSBank rated PHL strongest savings bank
BusinessMirror. - 2014-11-24
PHILIPPINE Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, was ranked fifth strongest bank by balance sheet and the strongest thrift-banking institution in the Philippines. In The Asian Banker 500 annual ranking, PSBank was included ...

PSBank rated PHL strongest savings bank
BusinessMirror. - 2014-11-24
PHILIPPINE Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, was ranked fifth strongest bank by balance sheet and the strongest thrift-banking institution in the Philippines. In The Asian Banker 500 annual ranking, PSBank was included ...

PSBank rated PHL strongest savings bank
BusinessMirror. - 2014-11-24
PHILIPPINE Savings Bank (PSBank), the thrift-banking arm of the Metrobank Group, was ranked fifth strongest bank by balance sheet and the strongest thrift-banking institution in the Philippines. In The Asian Banker 500 annual ranking, PSBank was included ...

Starmalls unveils Polar Center Las Piñas
Manila Bulletin - 2014-11-24
Starmalls Inc. officials and partners lead the groundbreaking ceremony for its third BPO building -- Polar Center Las Piñas. Polar Center Las Piñas is being undertaken through Manuela Corporation. It comes after the success of its first two BPO ...

France's Accor to build six more hotels in the Philippines through 2017
interaksyon.com - 2014-11-24
Two years later, it will roll out the 333-room Admiral Suite Hotel MCollection, a tie-up with Anchor Land Holdings Inc, and the 150-room Novotel Emerald Suites, a partnership with Century Properties Group Inc. Koo said Accor is looking for new sites to ...

Manila Pavilion Hotel launches new Alcuaz function rooms
Philstar - 2014-11-24
Christian Aguilar, son of Federico Aguilar Alcuaz; Arthur Lopez, chairman of Acesite (Phils.) Hotel Corporation; and general manager Christopher Park led the ceremonial toast to launch the new function rooms. A token of appreciation was also given to ...

Max's to price maiden share sale on November 26
interaksyon.com - 2014-11-24
MANILA - Max's Group Inc will commence its follow-on offering next week to raise funds for expansion and settle debt obligations. In a disclosure to the Philippine Stock Exchange, Max's said it would set the price of the share sale on November 26 ...

Trans-Asia mulls over expansion of Guimaras wind project
Manila Bulletin - 2014-11-23
Trans-Asia Oil and Energy Development Corp., the power arm of PHINMA Corp., is mulling over the plan to expand its Guimaras wind project, which is expected to start contributing 54 megawatts (MW) of power capacity in the Visayas region any time soon.

Accor launching six hotels; Go Hotels to open nine outlets
Manila Standard Today - 2014-11-23
With Manila airport stunning at such capacity the growth is limited," Koo said. Meanwhile, JG Summit Holdings Inc., the parent company of Robinsons Land Corp., said it planned to add another nine budget hotels under the Go Hotels brand over the next ...

Stocks consolidation expected to continue
Manila Standard Today - 2014-11-23
Top gainers last week were 2Go Group Inc., which surged 108.3 percent to P5.50; Lorenzo Shipping Corp., which climbed 71.9 percent to P2.08; and Southeast Asia Cement Holdings Inc., which jumped 23.7 percent to P2.40.

Why Spain loves Emperador
philstar.com - 2014-11-22
MANILA, Philippines - Grupo Emperador Spain S.A., a wholly-owned subsidiary of Emperador, Inc., was recognized recently by the Spanish government led by President of the government of Castilla-La Mancha, Maria Dolores de Cospedal, for its pioneering ...

Share prices inch up
Inquirer - 2014-11-22
JAS and PLC. There were 91 advancers against 82 decliners, while 51 stocks were unchanged. Foreign investors were still in a net selling position amounting to P290 million. The PSEi was led higher by BDO and AP, which both rose by over 1 percent.

Former Senator Vicente Paterno dies
Philippine Daily Inquirer - 2014-11-21
MANILA, Philippines -- Former Senator Vicente Paterno passed away in his ... companies such as City Resources Phil Corp., Benpres Holdings Corp., Metro Pacific Tollways Corp., Cityland Development Corp. and of First Philippine Holdings.

DA imposes anti-dumping duty on Turkish flour
Philstar - 2014-11-21
PAFMIL represents large local flour manufacturers RFM Corporation, Liberty Flour Mills, Wellington Flour Mills, Universal Robina Corporation, General Milling Corporation, Philippine Four Mills and Pilmico Foods Corporation. Dumping occurs when a country ...