Mobile content maker Xurpas prices IPO below the ceiling
interaksyon.com - 2014-11-13
MANILA - Xurpas Inc priced its initial public offering (IPO) below ceiling, as the Mobile content provider obtained Philippine Stock Exchange clearance to start its maiden share sale next week. A notice published on the PSE website showed Xurpas set the ...

UPDATED: 2015 Ford Everest: This is It
carguide.ph - 2014-11-13
UPDATE 4: See the Philippine specs, models, and prices here (05/19/2015). UPDATE 3: The ASEAN model has been launched (03/25/2015). UPDATE 2: We included the fact sheets of the all-new Ford Everest here (11/14/2014). UPDATE 1: We included the official ...

Sta. Lucia rips Uratex
Manila Bulletin - 2014-11-12
Sta. Lucia Land Inc. demolished Uratex Foam, 96-73, for its third straight victory in the 4th DELeague Invitational Basketball Tournament Tuesday night at the Marikina Sports Center, Marikina City. Billy Robles tallied 15 points, four rebounds and four ...

PSBank net income down 41% to P1.9 B
philstar.com - 2014-11-12
MANILA, Philippines - Philippine Savings Bank (PSBank) reported a P1.9-billion net income in the first nine months of 2014, down 41 percent from P3.2 billion in the same period last year. In a statement, the bank said net interest income, however ...

PSE cites 2014 Bell Awardees
GMA Network - 2014-11-12
B. Gimenez Securities, Inc., JSG Securities, Inc., and R. S. Lim and Company Inc. The listed companies that received the Bell Awards were Aboitiz Power Corporation, Ayala Land, Cebu Holdings, Inc., China Banking Corporation, and Manila Water Corporation.

Bloomberry Resorts raises P5.65b
Manila Standard Today - 2014-11-11
Casino and resort operator Bloomberry Resorts Corp. is raising as much as P5.65 billion through a share sale to finance overseas expansion and repay debt. Bloomberry said in a disclosure to the stock exchange majority shareholder Prime Metroline Holdings ...

SMC income surges 31% to P23.2 B
philstar.com - 2014-11-11
Ang. SMC said operating income improved slightly by two percent to P46.7 billion on improvements in the new businesses as well as San Miguel Pure Foods and Ginebra San Miguel Inc, which helped offset a weaker third quarter for Petron which suffered ...

Ayala group dominates 2014 PSE Bell Awards
Rappler - 2014-11-11
MANILA, Philippines - Three subsidiaries of the Ayala group bagged Monday ... exemplary good governance. Cebu Holdings Inc., Manila Water Company, and Ayala Land Inc. were recognized as recipients of the 2014 PSE Bell Awards. The rest of the winners ...

Megaworld 9-month profit surged 192% to P19.03 billion
BusinessMirror - 2014-11-10
Total revenues of Megaworld and its subsidiaries Global-Estate Resorts Inc. (Geri), Empire East Land Holdings and Suntrust Properties amounted to P41.86 billion for the first nine months, up 57 percent from P26.68 billion for the same period last year.

Phoenix Petroleum to allot P5 billion for new gas stations
BusinessMirror. - 2014-11-10
PHOENIX Petroleum Philippines Inc. is earmarking as much as P5 billion in capital expenditure (capex) in the next three years to finance the construction of additional gasoline stations it intends to put up. "I think, on the average, for the next three ...

Concepcion Industrial posts 36% profit hike
philstar.com - 2014-11-10
MANILA, Philippines - Concepcion Industrial Corp. reported its attributable net income for the first nine months of P495 million, a 36-percent growth from same period last year. Strong momentum for the period was achieved on the back of a 24-percent growth ...

No such thing as a small job at RC Cola
Philstar - 2014-11-10
These days, there is no such thing as an easy job. You should be willing to work ... Stories such as those of Oliveros are commonplace in an organization like ARC Refreshments Corp. -- itself no stranger to starting out small and humble, when it re ...

Solon asks PSE-listed companies to run generators when Luzon power supply becomes critical in 2015
BusinessMirror. - 2014-11-10
along with Shangri-La Plaza Corp., an affiliate of PSE-listed Shang Properties Inc. Based on established protocols, ILP is implemented during a red-alert status (minimal power reserve) upon the notice of the National Grid Corp. of the Philippines (NGCP ...

Businesses told: Use your standby generators in summer months and get compensation for fuel cost
interaksyon.com - 2014-11-10
He said Posh Properties Development Co., a unit of PSE-listed Anchor Land Holdings Inc., has likewise joined the ILP, along with Shangri-La Plaza Corp., an affiliate of PSE-listed Shang Properties Inc. A total of 29 firms, including those not listed at the ...

Megaworld grows end-September earnings by triple digits
interaksyon.com - 2014-11-10
MANILA - Residential sales nearly tripled Megaworld Corp's earnings in the first nine months of the year. In a statement, the flagship property company of billionaire Andrew Tan said its net income grew 192 percent to P19.03 billion in the January to ...

New businesses boost San Miguel's Jan-Sep profit
interaksyon.com - 2014-11-10
Operating income, which has yet to be adjusted for financing and taxes, rose 2 percent year-on-year to P46.7 billion on improvements in the new businesses, as well as San Miguel Pure Foods Co Inc and Ginebra San Miguel Inc, both of which helped offset a ...

New businesses boost San Miguel's Jan-Sep profit
interaksyon.com - 2014-11-10
Operating income, which has yet to be adjusted for financing and taxes, rose 2 percent year-on-year to P46.7 billion on improvements in the new businesses, as well as San Miguel Pure Foods Co Inc and Ginebra San Miguel Inc, both of which helped offset a ...

PH stock index slides below 7,200-mark yet again
interaksyon.com - 2014-11-10
Most actively traded today were PLDT, Bloomberry, SSI, Ayala Land and Vista Land. The top gainers were Unioil, FEU, iRipple and Greenergy, while the biggest losers include Filipino Fund, Leisure and Resorts, Manila Mining, Federal Resources and Philweb.

PH stock index slides below 7,200-mark yet again
interaksyon.com - 2014-11-10
Most actively traded today were PLDT, Bloomberry, SSI, Ayala Land and Vista Land. The top gainers were Unioil, FEU, iRipple and Greenergy, while the biggest losers include Filipino Fund, Leisure and Resorts, Manila Mining, Federal Resources and Philweb.

Earnings reports seen to drive stocks
Manila Standard Today - 2014-11-09
Heavy losers included Greenergy Holdings Inc. of businessman Antonio Tiu, which fell 32.3 percent; Unioil Resources & Holdings Co. Inc., 25.5 percent; Swift Foods Inc., 25.3 percent; Wellex Industries Inc., 22.9 percent; and AgriNurture Inc., 17.3 percent.

ERC plans to expand Interruptible Load Program
Rappler - 2014-11-09
MANILA, Philippines ­- The Energy Regulatory Commission (ERC) plans to include the National ... the Interruptible Load Program. Current rules of the ILP only covers distribution utilities (DUs) such as the Manila Electric Company (Meralco).

SM, ALI to join forces with 2 Ortigas blocs
philstar.com - 2014-11-08
In what seems to be a perfect ending to a feud that lasted more than two years, SM Prime Holdings Inc. and ALI announced they have come up with an agreement with their respective faction in the Ortigas clan. "SM Prime Holdings Inc., Ayala Land Inc., the ...

PH construction boom fuels people-moving business
Manila Standard Today - 2014-11-07
Concepcion Otis Philippines Inc. (COPI), a partnership between Otis Elevator Company and Concepcion Industrial Corporation, sees great potential for people-moving technologies in the market as the local construction industry continues to grow. According to ...

SSI open to more joint ventures with Ayala Group, other firms
Manila Bulletin - 2014-11-07
Specialty retailer and recently listed SSI Group, Inc. is open to doing more joint ventures with Ayala Group amid its on-going expansion plans, not discounting possibilities that it may also do partnership with other potential firms in the future.

Use selfies to help! #AfterYolanda: One Like, One Peso
Rappler - 2014-11-07
We're going to turn that around. On Friday, November 7, Rappler will launch "#AfterYolanda: One Like, One Peso" - a campaign to make netizens pledge donations for the victims of the super typhoon based on friends' responses to their selfies on social media.

Melco Crown Philippines' losses mount with construction of casino resort
interaksyon.com - 2014-11-07
In a disclosure to the Philippine Stock Exchange, Melco Crown (Philippines) Resorts Corp said it incurred P1.79 billion in losses during the July to September period, a 162 percent jump from the P684.09 million in the same three months of last year.

San Miguel Pure Foods okays preferred-share sale to raise P25 billion
BusinessMirror. - 2014-11-06
THE board of San Miguel Pure Foods Co. Inc. has approved the issuance of preferred shares, which it expects to raise up to P25 billion. Pure Foods, the food group of conglomerate San Miguel Corp., on Thursday said it will offer up to 25-million preferred ...

San Miguel Pure Foods okays preferred-share sale to raise P25 billion
Business Mirror - 2014-11-06
THE board of San Miguel Pure Foods Co. Inc. has approved the issuance of preferred shares, which it expects to raise up to P25 billion. Pure Foods, the food group of conglomerate San Miguel Corp., on Thursday said it will offer up to 25-million preferred ...

San Miguel Pure Foods posts higher revenues
Philstar - 2014-11-06
MANILA, Philippines - The food and beverage unit of diversified conglomerate San Miguel Corp. (SMC) posted higher revenues in the first nine months of 2014, driven by robust agro, milling, and dairy businesses. San Miguel Pure Foods Co. Inc. (SMPF) said ...

Pure Foods raising money from sale of preferred shares
interaksyon.com - 2014-11-06
In a disclosure to the Philippine Stock Exchange, San Miguel Pure Foods Co Inc said its board of directors approved the issuance of up to 25 million preferred shares at P1,000 per share. The offering is covered by a shareholders approval in a meeting last ...

Meralco rates to drop in November
Rappler - 2014-11-06
MANILA, Philippines - Expect a drop in electricity bills for November, as the Manila Electric Company (Meralco) announced on Thursday, November 6, a decline in its generation charge. Meralco said the generation charge, the biggest component of an ...

BDO Capital convinces Phoenix Semiconductor to go for lower IPO price
GMA Network - 2014-11-06
There is strong demand for the initial share sale of South Korean-owned Phoenix Semiconductor Philippines Corp., but the basic consideration for pricing the initial public offering (IPO) shares was to give the upside so the shares can still go higher once ...

MRT audit exposes scary safety lapses
philstar.com - 2014-11-06
The MRT is maintained by a private contractor paid P57 million a month that covers cost of rails and spare parts. AUDIT FINDINGS ... suffering minority stockholders of publicly listed Philcomsat Holdings Corp. are crying foul over the continued suspension ...

Puregold to open 5 more stores this year
Rappler - 2014-11-05
MANILA, Philippines - Supermarket chain operator Puregold Price Club Inc. (PPCI) will open 5 additional stores before the end of 2014. Beginning this month, PPCI president Leonardo Dayao said Puregold branches will open in the following areas ...

PSE probes listed firms linked to Tiu
Inquirer - 2014-11-05
MANILA, Philippines-The Philippine Stock Exchange (PSE) is scrutinizing the testimony of businessman Antonio Tiu, chair of publicly listed companies AgriNurture Inc. and Greenergy Holdings Inc., as he faces the Senate Blue Ribbon Committee amid ...

Fearing for his life, alleged Binay dummy asks for respect
Philstar - 2014-11-05
Tiu, chief executive of Greenergy Holdings Inc., said that the issues are risking his security and that of his family as Filipino-Chinese. "Kung wala kayong respeto sa akin bilang tao na humarap sa inyo sa Senado, sana naman respetuhin ninyo ang BUHAY KO ...

SC junks with finality Comelec bid to change airtime limit rules for campaign ads
interaksyon.com - 2014-11-05
In the September ruling, the SC assailed the poll body's actions on the matter as "arbitrary" as it granted partially the petitions filed by GMA Network, ABC Development Corp., ABS-CBN, Manila Broadcasting Company and the Kapisanan ng mga Brodkaster ng ...

Phoenix Semiconductor prices IPO below the ceiling
interaksyon.com - 2014-11-05
MANILA - The local arm of one of Samsung's South Korean suppliers has set the price of its initial public offering (IPO) below the ceiling. In a letter to the Philippine Stock Exchange, BDO Capital and Investments Corp president Ed Francisco said Phoenix ...

Lending growth, one-time gain boost Asia United Bank's Jan-Sep profit
interaksyon.com - 2014-11-05
MANILA - Higher loans and extraordinary gains lifted the earnings of Asia United Bank (AUB) in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, the banking arm of Republic Biscuit Corp (Rebisco) owner Jacinto "Jack" Ng ...

The wRap
Rappler - 2014-11-05
The PSE said it is monitoring the listed companies involved in the Senate probe, including those reportedly owned by businessman Antonio Tiu - Greenergy Holdings Inc. and AgriNurture, Inc. Will Cornick, 16, was sentenced to life in prison on Monday ...

The wRap
Rappler - 2014-11-05
The PSE said it is monitoring the listed companies involved in the Senate probe, including those reportedly owned by businessman Antonio Tiu - Greenergy Holdings Inc. and AgriNurture, Inc. Will Cornick, 16, was sentenced to life in prison on Monday ...

PSE monitoring Tiu firms
Manila Standard Today - 2014-11-04
Tiu, who appeared at the Senate blue ribbon committee to shed light on his ownership of a property in Rosario, Batangas, is the chairman of two listed companies--Greenergy Holdings Inc. and AgriNurture Inc. "We conduct monitoring for all listed companies ...

Refrigeration-tech firm to raise P250 million from share subscription deal
BusinessMirror - 2014-11-04
The refrigeration-technology provider has entered into a memorandum of agreement with listed firm Premiere Horizon Alliance Corp. (PHA), resulting in a 51-percent ownership of the former. After this, the parties will go into a subscription agreement and ...

Philippine Business Bank net income up by 7.1%
GMA Network - 2014-11-04
Philippine Business Bank, the thrift banking arm of businessman Alfredo Yao's Zest-O group, registered a P222.8 million net income in the third quarter, up by 7.1 percent from a year earlier because of 30.2 percent interest income growth, the company said ...

San Miguel eyes aggressive expansion in energy industry
Rappler - 2014-11-04
MANILA, Philippines - San Miguel Corporation (SMC) is eyeing further expansion in the energy industry amid the anticipated power ... San Miguel Brewery Inc, Ginebra San Miguel Inc, Petron Corporation, and SMC Global Power Holdings Corporation.

Can Antonio Tiu tell a lie?
Rappler - 2014-11-04
On its website, Agrinurture boasts of having become one of the country ... Cayetano on Makati building: 'World class' just Binay's 'palusot' Trillanes to Antonio Tiu: We'll prove you're Binay's dummy Businessman Antonio Tiu to sue Trillanes for 'defamation ...

Metrobank selling more LTNCDs
BusinessMirror. - 2014-11-04
The Metropolitan Bank & Trust Co. (Metrobank) on Tuesday bared the sale of a new long-term negotiable certificates of deposits (LTNCDs), whose proceeds will help finance its lending activities next year. Metrobank Vice President and Investor Relations Head ...

Ayala Corp. said net earnings to reach P20B by 2016?
MSN - 2014-11-03
Ayala Corp., the oldest Philippine conglomerate, expects net earnings to reach P20 billion by 2016 as investments under the unlisted businesses, particularly power projects, mature, company officials said Friday. The company aspires to surpass the P20 ...

Six things you didnâ t know about Richard Gomez
MSN - 2014-11-03
[Watch "Tunay na Buhay" every Mondays to Friday, 11 AM on GMA-7. For the latest updates, like the Tunay na Buhay Facebook page and follow the Tunay na Buhay Twitter account.] Richard Gomez is the original "tall, dark and handsome" leading man in ...

MVP eyes joint venture mode with PNCC
Manila Bulletin - 2014-11-03
The long delayed construction of the North and South Luzon Expressway Connector Road (NLEX-SLEX Connector Road) could be completed between 2017 and 2018 if it will be pursued through a joint venture (JV) with government, according to Manuel V. Pangilinan.