Emperador completes P31-B buyout of Whyte & Mackay
philstar.com - 2014-11-03
MANILA, Philippines - Emperador Inc. has completed the acquisition of a 100 percent stake in Whyte & Mackay Group Ltd and its subsidiaries through wholly owned unit Emperador UK Ltd. for a total value of £430 million or P31 billion. The liquor firm over ...

Listed shell company acquires a third of Marcventures
interaksyon.com - 2014-11-03
MANILA - Bright Kindle Resources & Investments Inc was cleared to buy a third of nickel miner Marcventures Holdings Inc. In a disclosure to the Philippine Stock Exchange, Bright Kindle, formerly Bankard Inc, said its board of directors approved the ...

BDO unit hikes debt issuance to P15b
Manila Standard Today - 2014-11-02
BDO Leasing and Finance Inc., a unit of BDO Unibank Inc., has increased the size of its debt issue from the original P10 billion to P15 billion to refinance maturing obligations and for relending. BDO Leasing said in an amended registration statement filed ...

Stock index likely to climb to 7,300
Manila Standard Today - 2014-11-02
Top losers were Chemical Industries of the Philippines, which declined 32.8 percent to P100; Keppel Philippines Holdings Inc., which dropped 31.7 percent to P4.30; and Greenergy Holdings Inc., which sank 29.5 percent to P0.62.

BDO Leasing hikes planned debt sale
interaksyon.com - 2014-11-02
In a prospectus filed with the Securities and Exchange Commission, BDO Leasing and Finance Inc said it will raise P15 billion from the sale of short term commercial papers. BDO Leasing originally intended to generate P10 billion from the debt sale for ...

First in PH: Starmobile units sold in 7-Eleven stores
News Philippines Yahoo - 2014-11-02
Guess what? Starmobile has made a surprising move to expand its sales efforts outside of traditional retail channels by making its products available in select 7-Eleven convenience stores in the Philippines. This is a first in the country! Starting today ...

Depositors fight for rehab of Export Bank
Manila Bulletin - 2014-11-01
Despite two failed attempts to rehabilitate the padlocked Export and Industry Bank (Export Bank), depositors are still hoping a third try will be the charm, given a new White Knight on the horizon, Union Bank of the Philippines. For duped depositors ...

Phoenix Semiconductor Philippines Corporation: Taking the lead in semiconductor industry
Manila Bulletin - 2014-11-01
The semiconductor industry is such an obscure field. Its complexity makes it difficult for one to fully grasp what it truly does to the economy and in the advancement of technology. However, it has proven to be an industrial lead in the global competitive ...

Premiere Horizon leaves gaming business
philstar.com - 2014-10-31
Hotel and recreation firm Leisure & Resorts World Corp. in July this year expanded into the online casino business with its P620-million purchase of Premiere Horizon gaming subsidiary Digiwave Solution Inc. Premiere Horizon owned 85 percent of Digiwave ...

Tiu may be laundering money for Binays, says Cayetano
Philippine Daily Inquirer - 2014-10-31
In an earlier hearing, he said Three Star Capital Ltd and Southern Field Ltd. invested in Greenergy Holdings Inc. and AgriNurture Inc. (ANI), both owned by Tiu. Tiu had also admitted that Black River Food Fund invested P1.3 billion in ANI in 2011.

Premiere Horizon eyeing rural areas for new projects
BusinessMirror. - 2014-10-30
LISTED Premiere Horizon Alliance Corp. (PHA) is setting its sights on provincial areas as part of its new corporate directions with the looming economic integration of the 10 member-states of the Association of Southeast Asian Nations (Asean) by next year.

Premiere Horizon eyeing rural areas for new projects
BusinessMirror. - 2014-10-30
LISTED Premiere Horizon Alliance Corp. (PHA) is setting its sights on provincial areas as part of its new corporate directions with the looming economic integration of the 10 member-states of the Association of Southeast Asian Nations (Asean) by next year.

Premiere Horizon eyeing rural areas for new projects
BusinessMirror. - 2014-10-30
LISTED Premiere Horizon Alliance Corp. (PHA) is setting its sights on provincial areas as part of its new corporate directions with the looming economic integration of the 10 member-states of the Association of Southeast Asian Nations (Asean) by next year.

Tagle: Use media to foster genuine human encounter
BusinessMirror - 2014-10-30
by TV5, and Mag-TV na ato ni! by ABS-CBN Northern Mindanao (special citation); Best Comedy Program--Pepito Manaloto by GMA 7; Best Station ID--Masayang Muli ang Kwento ng Summer by ABS-CBN Broadcasting Corp.; Best Religious Program--Kasama Natin Ang ...

Philex Petroleum eyes LNG power plant
Philstar - 2014-10-30
MANILA, Philippines - Philex Petroleum Corp., the upstream oil and gas subsidiary of listed company Philex Mining Corp., is looking at investing in liquefied natural gas (LNG) as part of efforts to develop new sources of energy, its chairman Manuel V.

SMIC to go digital? Tessie Sy-Coson says they're not in a rush
Rappler - 2014-10-30
SINGAPORE - SM Investment Corp (SMIC) Chairperson Tessie Sy-Coson is aware that going digital is the next frontier in business. But SMIC, which has substantial interests in retail, banking, and property development, isn't rushing to get there. In an ...

Premiere Horizon divests from gaming to focus on countryside projects
GMA Network - 2014-10-30
Publicly-listed Premiere Horizon Alliance Corp. has sealed its divestment plans in the gaming business by selling related assets to Leisure & Resorts World Corp. for P527 million. The company said the sale will jump-start its planned investments in food ...

Tantoco-owned retailer touts strong demand for shares ahead of IPO
MSN - 2014-10-29
At end-June, SSI had 655 retail locations in 68 malls across the country. SSI will be the fifth company to join the bourse after Top Frontier Investment Holdings Inc and Trans-Asia Petroleum Corp, which entered the PSE through listing by way of ...

Philex Petroleum looking to invest in LNG
BusinessMirror. - 2014-10-29
PHILEX Petroleum Corp. on Wednesday said it is looking at investing in liquefied natural gas (LNG), citing its importance to the country, which is currently facing thin power reserves. "In relation to either an indigenous gas field out there in the ...

Philex Petroleum looking to invest in LNG
BusinessMirror. - 2014-10-29
PHILEX Petroleum Corp. on Wednesday said it is looking at investing in liquefied natural gas (LNG), citing its importance to the country, which is currently facing thin power reserves. "In relation to either an indigenous gas field out there in the ...

Philex Petroleum looking to invest in LNG
Business Mirror - 2014-10-29
PHILEX Petroleum Corp. on Wednesday said it is looking at investing in liquefied natural gas (LNG), citing its importance to the country, which is currently facing thin power reserves. "In relation to either an indigenous gas field out there in the ...

Emperador gets P15.2-B loan from HSBC, JP Morgan Chase
Philstar - 2014-10-29
MANILA, Philippines - Emperador International Ltd. (EIL), a member of Andrew Tan-led conglomerate Alliance Global Group Inc. (AGI), has secured fresh funding from two international banks to fund general corporate purposes. Emperador Inc., the liquor firm ...

Holcim mulls acquisition of some Lafarge assets
Philstar - 2014-10-29
MANILA, Philippines - Holcim Philippines Inc. may acquire several assets of Lafarge Republic Inc. (LRI) following a recent multi-billion merger of their parent companies that created the largest cement manufacturer in the world. The local unit of ...

Position paper on the Bangsamoro Basic Law (BBL)
Balita - 2014-10-29
advisor to the chairman of Ayala Corporation; and Cagayan de Oro Representative Rufus Rodriguez (right), chairman of the 75-member House ad hoc committee on the BBL; discussing the position paper on House Bill No. 4994 or the Bangsamoro Basic Law (BBL) on ...

Court: Bare Luy's bank, property, travel records
Rappler - 2014-10-29
MANILA, Philippines - The Sandiganbayan's Fifth Division denied with finality the attempt of pork barrel scam whistleblower Benhur Luy to set aside the court-ordered disclosure of his bank, property and travel records. The 27-page resolution released ...

Philex Sustains Gains Quarter-on-quarter
irasia.com - 2014-10-29
Philex is a Philippine-listed company engaged in the exploration and mining of mineral resources and, through a listed subsidiary Philex Petroleum Corporation (PSE: PXP), in oil and gas exploration. Further information on Philex can be found at ...

Star Asia selling over 30M Easycall shares to TVI at P3.50 apiece
GMA Network - 2014-10-29
Star Asia Technologies PTE is selling more than 30 million shares of Easycall Communication Philippines Inc. to TDG Ventures Inc. (TVI), a transaction that will be completed in a block sale early next week. The transaction covers the equivalent of around ...

Oil, Gas Roundup
Interactive Investor - 2014-10-29
The company issued the update after noting the announcement being made by Philex Petroleum Corporation to the Philippines Stock Exchange in relation to its financial performance for the nine months ended 30 September 2014. Because Philex controls ...

Lafarge, Holcim Notify European Commission About Proposed Merger
NDTV - 2014-10-28
London: Aiming to complete their mega merger to create world's largest building material company in the first half of next year, Lafarge and Holcim have formally notified the European Commission about the amalgamation plan for regulatory approval. "With ...

SSS payments through automatic-debit arrangement
BusinessMirror. - 2014-10-28
Philippine Savings Bank and the United Coconut Planters Bank. For more information about how you can enroll your bank account in the automatic-debit arrangement program, call our 24-hour call center at (632) 920-6446 to 55, Monday to Friday, or e-mail ...

Emperador secures £210-million debt from HSBC, JPMorgan
BusinessMirror. - 2014-10-28
EMPERADOR Inc., the liquor unit of businessman Andrew Tan, said it secured a £210-million (around $338.27 million) debt from two international banks, proceeds of which will be used for its general corporate purposes. The company said in its notes to its ...

Emperador secures £210-million debt from HSBC, JPMorgan
BusinessMirror. - 2014-10-28
EMPERADOR Inc., the liquor unit of businessman Andrew Tan, said it secured a £210-million (around $338.27 million) debt from two international banks, proceeds of which will be used for its general corporate purposes. The company said in its notes to its ...

PH cultural agencies in need of major overhaul?
Rappler - 2014-10-28
The hotel was bought by Anchor Land Holdings Inc with plans to restore it as a boutique hotel. NHCP, after telling Anchor Land that no historical events transpired in the hotel, referred the matter to the National Museum which is supposed to be in charge ...

Petron Corp.: Still In Recovery Mode
investing.com - 2014-10-28
Petron Corporation (PS:PCOR) has yet to recover from the downside gap it encountered last August. The stock even reached its lowest price since February 2013 before achieving a short-term rally back up. The MACD Oscillator (MACD-O) has glided back above ...

SSS payments through automatic-debit arrangement
BusinessMirror. - 2014-10-28
Philippine Savings Bank and the United Coconut Planters Bank. For more information about how you can enroll your bank account in the automatic-debit arrangement program, call our 24-hour call center at (632) 920-6446 to 55, Monday to Friday, or e-mail ...

Belle executed overallotment option to sell stake in Premium Leisure
BusinessMirror. - 2014-10-27
The selling stakeholders were Belle, Foundation Capital Resources Inc., Parallax Resources Inc. and APC Group Inc. Belle sold 3 billion common shares, Foundation Capital at 156.53 million shares Parallax at 13.82 million shares and APC at 90 million.

Belle executed overallotment option to sell stake in Premium Leisure
BusinessMirror. - 2014-10-27
The selling stakeholders were Belle, Foundation Capital Resources Inc., Parallax Resources Inc. and APC Group Inc. Belle sold 3 billion common shares, Foundation Capital at 156.53 million shares Parallax at 13.82 million shares and APC at 90 million.

Belle executed overallotment option to sell stake in Premium Leisure
Business Mirror - 2014-10-27
The selling stakeholders were Belle, Foundation Capital Resources Inc., Parallax Resources Inc. and APC Group Inc. Belle sold 3 billion common shares, Foundation Capital at 156.53 million shares Parallax at 13.82 million shares and APC at 90 million.

Trust in President's office, Senate declines - survey
Rappler - 2014-10-27
"The government's perceived inability to deliver what the people expected of them shows in the Government's low trust rating," the survey added. Cora Guidote, SM Investments Corporation senior vice president said that business should have the lowest trust ...

CLSA acquires more shares in Henry Sy's listed gaming company
interaksyon.com - 2014-10-27
Belle, its subsidiaries Foundation Capital Resources Inc and Parallax Resources Inc, and listed affiliate APC Group Inc, recently raised $121 million from the sale of their 3.26 billion common shares in Premium Leisure at P1.65 apiece. The Belle group sold ...

DOE taps Japan agency for help in crafting fuel policy mix
MSN - 2014-10-27
Lopez-led First Gen Corp., meanwhile, is developing up to 1,300 megawatts of power generation capacity fueled by natural gas from its facility in Batangas. The energy chief said the situation is expected to improve - meaning LNG prices can go down ...

Alsons bags loan to finance construction of Mindanao power plants
interaksyon.com - 2014-10-27
MANILA - Alsons Consolidated Resources Inc (ACR) has secured a long term loan to fund its power projects in Mindanao. In a disclosure to the Philippine Stock Exchange, the listed holding firm of the Alcanatara family said it secured a $73.5 million loan ...

DOE taps Japan agency for help in crafting fuel policy mix
MSN - 2014-10-27
Lopez-led First Gen Corp., meanwhile, is developing up to 1,300 megawatts of power generation capacity fueled by natural gas from its facility in Batangas. The energy chief said the situation is expected to improve - meaning LNG prices can go down ...

Alsons gets $73.5-M loan for power proj
MSN - 2014-10-26
In a disclosure to the Philippine Stock Exchange (PSE), Alsons said it would use a portion of the loan to refinance existing debts. ACR chairman Tomas Alcantara cited UBS AG, which arranged the loan with a consortium of local and foreign banks, for its ...

Belle executed overallotment option to sell stake in Premium Leisure
BusinessMirror. - 2014-10-26
The selling stakeholders were Belle, Foundation Capital Resources Inc., Parallax Resources Inc. and APC Group Inc. Belle sold 3 billion common shares, Foundation Capital at 156.53 million shares Parallax at 13.82 million shares and APC at 90 million.

Megaworld allots P10 B for Alabang West
MSN - 2014-10-26
Alabang West, a 62-hectare prime property in Las Piñas, will be developed through Megaworld subsidiary Global Estate Resorts Inc. (GERI). "Soon to rise will be a themed township that highlights the best of Hollywood, specifically Beverly Hills.

US Fed meeting to dictate trading
Manila Standard Today - 2014-10-26
Top gainers last week Island Information & Technology Inc., which surged 93 percent to P0.56; Wellex Industries Inc, which rose 66.6 percent to P0.35; and Unioil Resources & Holdings Co. Inc., which gained 33.6 percent to P0.31.

Fajardo propels San Miguel past undermanned Purefoods
Rappler - 2014-10-26
MANILA, Philippines - The San Miguel Beermen weathered a spirited rally from the undermanned Purefoods Star Hotshots and came away unscathed with an 87-80 victory on Sunday, October 26 at the Smart Araneta Coliseum to climb to 2-0 in the 2015 Philippine ...

Mall expansion brings 2,000 new jobs to Bacolod
Philippine Daily Inquirer - 2014-10-25
SM Prime Holdings opened the north wing of SM Bacolod and, according to SM Prime president Hans Sy, the expansion doubled the mall size and would create 2,000 new jobs. The new section of the mall houses the 4,000-seat SMX Convention Center, about 200 more ...

Cosco acquires Laguna lot for planned community mall
Philstar - 2014-10-25
"Cosco Capital intends to use the said premises for the establishment and development of a community mall at the center of Binan, Laguna," the listed firm said. The firm on Tuesday reported that it secured through a lease agreement a 7,168-square meter ...