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 ...

Filinvest Land secures SEC clearance to raise debt
interaksyon.com - 2014-11-21
MANILA - The Securities and Exchange Commission (SEC) has approved Filinvest land Inc's (FLI) plan to raise debt in the capital market. SEC commission secretary Gerard Lukban said the corporate regulator cleared the property developer's P7 billion bond ...

COCKTALES | Shoot first, ask questions later? Alleged Binay condo traced to Jaworski, banker
interaksyon.com - 2014-11-21
Bright as day New nickel mining owner Bright Kindle Resources amended its definitive information statement ahead of the December 11 shareholders' meeting to include a clarification that "no matter will be taken up which relates to merger or consolidation."

Ayala Corp. raises $275 million for infrastructure, power projects
BusinessMirror. - 2014-11-20
In Photo: Ayala Corp. President and COO Fernando Zobel de Ayala appears to be deep in thought as he walks in front of the Makati Shangri-La Hotel in Makati City. Ayala Corp. announced on Thursday that it raised some $275 million through a top-up placement ...

SEC tells Antonio Tiu to explain 'incomplete disclosures'
Rappler - 2014-11-20
MANILA, Philippines - Businessman Antonio Tiu, accused of being a dummy for Vice President Jejomar Binay, has been flagged by the Securities and Exchange Commission (SEC) for "incomplete disclosures ... SEC reviewed AgriNurture, Inc, Greenergy ...

China Bank posts January-September net income of P3.37 billion
BusinessMirror - 2014-11-19
The bank was the joint lead underwriter for the capital-raising programs of SM Prime Holdings Inc. and GT Capital Holdings Inc. It also increased its stake in the China Bank-Manulife Life Assurance Corp. joint venture from 5 percent to 40 percent to ...

SEC finds inconsistencies in financial statements of Tiu firms
GMA Network - 2014-11-19
In her 11-page report to the Senate Blue Ribbon subcommittee, SEC chairperson Teresita Herbosa said they have reviewed the financial statements of AgriNurture, Inc.; Agrifortuna, Inc; Greenergy Holdings, Inc; Sunchamp Real Estate Development Corporation ...

Jollibee To Open First Illinois Outlet This Year
ibtimes.ph - 2014-11-19
Jollibee Foods Corporation (PSE: JFC) says it will open its first outlet in Illinois. The multinational chain of fast food restaurants plans to open its Skokie, Illinoi branch by mid-2016. Jollibee has 32 branches in the U.S., the first one opening in ...

The Bell Awards: Giving value to excellent corporate governance
Business Mirror - 2014-11-18
BDO Unibank Inc., Globe Telecom Inc., Philippine Savings Bank and San Miguel Purefoods Co. Inc. The 2014 PSE Bell Awards Panel of Judges was headed by SEC Chairman Teresita Herbosa. The panel is comprised of Ahmad, Capital Markets Integrity Corp. President ...

SunEdison, Aboitiz team on solar power in the Philippines
PennEnergy - 2014-11-18
SunEdison Inc. and Aboitiz Renewables Inc., a unit of Aboitiz Power Corp., have signed an agreement to create a joint venture to develop solar power in the Philippines ... country's approval of a Feed-In-Tariff system that allows companies to charge ...

Lopez Holdings net income jumps 33% to P3.15 B in Jan-Sept
philstar.com - 2014-11-18
First Philippine Holdings Corp. (FPH), 46 percent owned by Lopez Holdings, reported a 36 percent jump in net earnings to P4.73 billion on the back of higher revenues. Sale of electricity accounted for 85 percent of revenues. "FPH has a solid portfolio of ...

The Bell Awards: Giving value to excellent corporate governance
Business Mirror - 2014-11-18
BDO Unibank Inc., Globe Telecom Inc., Philippine Savings Bank and San Miguel Purefoods Co. Inc. The 2014 PSE Bell Awards Panel of Judges was headed by SEC Chairman Teresita Herbosa. The panel is comprised of Ahmad, Capital Markets Integrity Corp. President ...

The Bell Awards: Giving value to excellent corporate governance
BusinessMirror - 2014-11-18
B. Gimenez Securities Inc., JSG Securities Inc. and R. S. Lim and Co. Inc. The listed companies that received the Bell Awards were Aboitiz Power Corp., Ayala Land, Cebu Holdings Inc., China Banking Corp. and Manila Water Corp. Finalists in the trading ...

Manila Water completes Vietnam leak-reduction project
interaksyon.com - 2014-11-18
MANILA - Manila Water Co Inc has completed a project meant to reduce leaks in Ho Chi Minh City, Vietnam. In a statement, the Ayala-led company said its partnership with Saigon Water Corp has concluded its $15 million non-revenue water project in Zone 1 of ...

Power lifts Lopez Holdings income in Q3
BusinessMirror - 2014-11-18
LOPEZ Holdings Corp. reported a higher net income for the first three quarters of the year, mainly from the strong performance of its power assets. It also said its broadcasting arm thrives in a highly competitive market. The company said its income ...

BPI gets Swift sanction screening service
Manila Bulletin - 2014-11-18
Swift, which provides hosted solution to screen transaction formats, said the Bank of the Philippine Islands (BPI) has become its 250 th customer to subscribe to its sanctions screening service. The company said BPI is the first Philippine bank to sign up ...

Trans-Asia poised to supply electricity requirements of Eastern Visayas
interaksyon.com - 2014-11-18
MANILA - Trans-Asia Oil and Energy Development Corp has topped the bidding for the supply of power to electric cooperatives in Eastern Visayas. In a disclosure to the Philippine Stock Exchange, Trans-Asia said it was one of the winning bidders in the joint ...

DOTC proposes scheduling system for importers
Rappler - 2014-11-18
ICTSI operates the Manila International Container Terminal (MICT) which has a total capacity of 2.5 million TEUs. Asian Terminals Inc (ATI), meanwhile, operates the Manila South Harbor (MSH). Both ports were caught in a gridlock when Manila imposed a truck ...

NBI report on Luisita massacre: Protesters more credible than gov't
Rappler - 2014-11-18
MANILA, Philippines - Even a National Bureau of Investigation (NBI) report made in 2005 concluded that protesters ... The government forces were at the time inside the compound of the Central Azucarera de Tarlac trying to secure the compound's gate ...

Parents: Stop mall construction
Philippine Daily Inquirer - 2014-11-18
Earlier, it was reported that Ayala Land subsidiary Amaia Land Inc. had been brought in for the development, by STI Education Systems Holdings Inc., which has acquired shares in JASMS. Under the plan, the 2.2-hectare JASMS campus will be whittled down to ...

Parents: Stop mall construction
Philippine Daily Inquirer - 2014-11-18
Earlier, it was reported that Ayala Land subsidiary Amaia Land Inc. had been brought in for the development, by STI Education Systems Holdings Inc., which has acquired shares in JASMS. Under the plan, the 2.2-hectare JASMS campus will be whittled down to ...

Lopez units, First Gen post hefty profits
Manila Standard Today - 2014-11-17
Lopez Holdings Corp., the listed holding company of the Lopez Group, reported a 33-percent increase in nine-month net income to P3.15 billion from P2.36 billion year-on-year. Lopez Holdings said in a statement consolidated revenues increased 10 percent in ...

Power lifts Lopez Holdings income in Q3
Business Mirror - 2014-11-17
LOPEZ Holdings Corp. reported a higher net income for the first three quarters of the year, mainly from the strong performance of its power assets. It also said its broadcasting arm thrives in a highly competitive market. The company said its income ...

Trans-Asia Oil to power East Visayas electric co-ops
BusinessMirror. - 2014-11-17
TRANS-ASIA Oil and Energy Development Corp. will supply power to electric cooperatives in Eastern Visayas or Region 8, the Phinma-led group said on Monday. "Trans-Asia was issued a Notice of Award as one of the winning bidders in the Joint Competitive ...

Vista Land launches flagship office tower development in BGC
Manila Bulletin - 2014-11-17
Vista Land & Lifescapes launches Vista Hub, its flagship office development located in upscale Bonifacio Global City. To rise on a 2,650 square meter property situated along 21st drive, East Forbes, BGC , the 15-storey office development has a total of ...

Property, consumer stocks to soar amid election
Manila Bulletin - 2014-11-17
Inc., and Universal Robina Corp. Of all the sectors, COL had put most of the buy ratings in property. It specifically highlighted Ayala Land, Inc., Century Properties Group, Inc., Filinvest Land, Inc., Megaworld Corp., and Vista Land and Lifescapes ...

Trans-Asia Oil to power East Visayas electric co-ops
Business Mirror - 2014-11-17
TRANS-ASIA Oil and Energy Development Corp. will supply power to electric cooperatives in Eastern Visayas or Region 8, the Phinma-led group said on Monday. "Trans-Asia was issued a Notice of Award as one of the winning bidders in the Joint Competitive ...

Aboitiz Power gets fund to implement smart grid
Eco-business - 2014-11-17
USTDA awarded a grant to the Aboitiz Power Corporation (APC), which manages distribution ... The company emphasized that the project will help ensure system resiliency to limit the impact of natural- and human-caused disasters - which is especially ...

Pancake House Group books P5.29M in Q3 net income as stores underperform
GMA Network - 2014-11-17
Pancake House Group, a member of Max's Group Inc., booked a net income of P5.29 million in the third quarter, the company said in a disclosure to the Philippine Stock Exchange on Monday, noting some stores were underperforming. Consolidated net income ...

Power business pushes up Lopez Group's earnings
interaksyon.com - 2014-11-17
In a disclosure to the Philippine Stock Exchange, Lopez Holdings Inc said its net income attributable to equity holders of the parent increased to P3.15 billion in the first three quarters from P2.37 billion in the same period in 2013. Consolidated ...

Power business pushes up Lopez Group's earnings
interaksyon.com - 2014-11-17
In a disclosure to the Philippine Stock Exchange, Lopez Holdings Inc said its net income attributable to equity holders of the parent increased to P3.15 billion in the first three quarters from P2.37 billion in the same period in 2013. Consolidated ...

Justice rings for slain Luisita workers
Philippine Daily Inquirer - 2014-11-16
CITY OF SAN FERNANDO-- About 500 people on Sunday gathered at Central Azucarera de Tarlac (CAT) in Tarlac City, a property of the family of President Aquino and the site of a riot 10 years ago between government forces and striking workers, to demand ...

Stocks seen moving sideways this week
Manila Standard Today - 2014-11-16
Top losers where Trans-Asia Petroleum Corp., which declined 11.7 percent to P3.97; Jackstones Inc., which dipped 9.51 percent to P3.33; and Panasonic Manufacturing Philippines Corp., which decreased 9.33 percent to P4.08.

Justice remains elusive for slain Luisita workers in Tarlac
Philippine Daily Inquirer - 2014-11-16
CITY OF SAN FERNANDO, Philippines -- About 500 people on Sunday gathered at Central Azucarera de Tarlac (CAT) in Tarlac City, a property of the family of President Aquino and the site of a riot 10 years ago between government forces and striking workers ...

First Gen to prioritize Bubunawan hydroplant
BusinessMirror. - 2014-11-16
Lopez-owned First Gen Corp. will prioritize the construction of its 8-megawatt (MW) Bubunawan hydro power project, one of the five hydro facilities it plans to put up in Mindanao. "We are prioritizing Bubunawan. We hope to start construction by second ...

Puregold counting on Christmas spending to accelerate sales growth
interaksyon.com - 2014-11-16
MANILA - Puregold Price Club Inc expects sustained bottom line growth in the fourth quarter of the year as the Christmas season fuel sales growth. In a phone interview, Puregold president Leonardo B. Dayao said the supermarket operator will expand its ...

SSI Group launches e-commerce venture
Manila Bulletin - 2014-11-15
Newly listed specialty retailer SSI Group, Inc. is in the process of formalizing its e-commerce venture. The project, which involves setting up an web portal where the company can sell its foreign branded products to its domestic consumers via online, is ...

Pepsi Cola profit sizzles 13% to P139 M in Q3
philstar.com - 2014-11-15
MANILA, Philippines - An increase in sales volume in the third quarter allowed beverage maker Pepsi-Cola Products Philippines Inc. (PCPPI) to post a double-digit growth in earnings. In a statement, PCPPI said net income for the third quarter went up 13 ...

Rockwell Land logs P986-M net income in 9 months
Manila Bulletin - 2014-11-14
Rockwell Land Corporation registered a 7 percent growth in net income to P986.1 million in the first nine months of 2014 from the P923.4 million earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said ...

JG Summit earnings up 88% in Jan-Sept
Rappler - 2014-11-14
MANILA, Philippines - JG Summit Holdings Inc., the holding firm of the Gokongwei family, posted an 88.4% growth in earnings from January to September 2014, or P15.85 billion ($352.46 million*) from P8.41 billion ($187.01 million) in the same period last ...

Anti-dumping duty to be imposed on Turkish flour
Philstar - 2014-11-14
MANILA, Philippines - The Tariff Commission (TC) has ordered the imposition of anti-dumping duties on imports of wheat flour from Turkey for five years after finding that such imports threaten the domestic industry. In a decision dated Nov. 11, the TC said ...

Crate & Barrel opens at SM Mega Fashion Hall
philstar.com - 2014-11-14
MANILA, Philippines - SM Retail through its subsidiary HMS Development Corporation and Crate & Barrel are opening the first Crate & Barrel store in Manila on Nov. 20 at Mega Fashion Hall ... SM Retail is part of SM Investments Corporation, one of the ...

Phoenix Semiconductor investing $170m in Clark expansion
Manila Standard Today - 2014-11-13
CLARK FREEPORT--Phoenix Semiconductor Philippines Corp., a leading computer chips manufacturer controlled by Korean investors, will pour an additional $170 million to expand its facility here next year, key officials told reporters Thursday. PSPC head of ...

Eco-friendly transport loop at Filinvest City
Manila Standard Today - 2014-11-13
Filinvest City takes the lead as it launches the very first fully integrated electric powered public transport system that will serve as the main mode of transportation to go around Filinvest City. Dubbed the Filinvest City 360 Eco-Loop, residents ...

Ayala Corporation raises net income to 35% for Jan-Sept
Rappler - 2014-11-13
MANILA, Philippines - Ayala Corporation posted an increase of 35% or P14.1 billion ($314.21 million)* in net income for the first 9 months of 2014, attributed to the strong showing of its core business units. Based on the financial statement filed with ...

Condo, mall projects in JASMS property on hold, says developer
Philippine Daily Inquirer - 2014-11-13
Amaia Land was earlier announced as the partner of STI Education Systems Holdings Inc., which co-owns the property together with the Benitez family, in plans to build a 33-story condominium and a shopping mall on a large section of the 2.2-hectare JASMS ...

Condo, mall projects in JASMS property on hold, says developer
Philippine Daily Inquirer - 2014-11-13
Amaia Land was earlier announced as the partner of STI Education Systems Holdings Inc., which co-owns the property together with the Benitez family, in plans to build a 33-story condominium and a shopping mall on a large section of the 2.2-hectare JASMS ...

Century Properties builds world-class medical arts center
Manila Bulletin - 2014-11-13
Century Properties continues to spearhead breakthroughs and make significant impact in the property industry with its new venture -- the Centuria Medical Makati. Centuria Medical Makati is a 28-story medical arts center that will house more than 500 ...

Gov't-owned companies expected to join Interruptible Load Program
philstar.com - 2014-11-13
Seven Philippine Stock Exchange listed corporations - Ayala Land Inc., Century Properties Group Inc., GMA Network Inc., Megaworld Corp., Philippine Long Distance Telephone Co., Robinsons Land Corp. and SM Prime Holdings Inc. - have volunteered for the ILP.