MB names Basilio C. Yap new Chairman
News Philippines Yahoo - 2014-04-25
The Manila Bulletin Publishing Corporation Board of Directors has elected Mr. Basilio C. Yap as Director and appointed him as its new Chairman after the passing of the philantrophist Don Emilio T. Yap Sr. In the same meeting, the MB Board of Directors also ...

MB names Basilio C. Yap new Chairman
Manila Bulletin - 2014-04-25
He is also currently holding various positions in other companies including Chairman, President and Director of US Automotive Co., Inc., Usautoco, Inc., Philtrust Realty Corporation, Manila Prince Hotel, Cocusphil Development Corporation, U.N. Properties ...

George Stephanopoulos renews ABC contract
CNN Money - 2014-04-25
Stephanopoulos, one of the network news division's most important players, will continue to co-host "Good Morning America" on weekdays and host "This Week" on Sundays. The new deal for Stephanopoulos solidifies the "GMA" cast, which has gone through a ...

Ayala Land affiliate Cebu Holdings seeks SEC green light to sell P5B worth of bonds
MSN - 2014-04-24
Cebu Holdings Inc. is seeking the thumbs up from the Securities and Exchange Commission to sell up to P5 billion worth of fixed rate bonds due 2021. An affiliate of Ayala Land Inc., the Cebu-based property developer told the commission the bonds will be ...

Holcim Philippines makes P1.67-B net income in first quarter, up 17% y-o-yÂ
MSN - 2014-04-24
Cement producer Holcim Philippines Inc. posted P1.67 billion in net income for the first quarter, up 16.8 percent from P1.43 billion a year earlier, boosted by government and private sector construction projects. Revenues were up 12.3 percent to P8.05 ...

Oil firm swings to profit
MSN - 2014-04-24
PHILEX Petroleum Corp. swung to profit last quarter on the back of higher oil revenues, the Pangilinan-led firm said in a statement attached to its disclosure on Friday. The firm booked a P25.695-million net income last quarter, a turnaround from a P23.463 ...

Villar group forays into power generation
MSN - 2014-04-24
PAVI has indicated to ERC that its plans to supply electricity to eligible commercial and industrial end-users within the Vista Land & Lifescapes, Inc. and Starmalls, Inc. associated groups. The firm, according to the regulator, will source power from ...

Ayala Land unveils 5-year plan for P80-B business district
Rappler - 2014-04-24
MANILA, Philippines - Property giant Ayala Land Inc. is investing P80 billion for a new central business district (CBD) it is developing over the next 5 years. Ayala Land unveiled its master plan for the 74-hectare Arca South, the former Food Terminal ...

Bond listings surge in first four months
MSN - 2014-04-23
Vista Land & Lifescapes, Inc. and SM Investments Corp. (SMIC) are both eyeing to list their corporate bonds on PDEX within the second quarter, one source said. Vista Land's $225 million five-year bond offer was oversubscribed, with the final book order at ...

16 CADPI sugar refinery workers now out of danger after toxic shower in Batangas
Philippine Daily Inquirer - 2014-04-23
MANILA, Philippines -- The Central Azucarera Don Pedro Inc. (CADPI) assured its stakeholders on Wednesday that the 16 casual workers who were injured in its sugar refinery in Nasugbu, Batangas on Good Friday have all been declared "out of danger."

16 CADPI sugar refinery workers now out of danger after toxic shower in Batangas
Philippine Daily Inquirer - 2014-04-23
MANILA, Philippines -- The Central Azucarera Don Pedro Inc. (CADPI) assured its stakeholders on Wednesday that the 16 casual workers who were injured in its sugar refinery in Nasugbu, Batangas on Good Friday have all been declared "out of danger."

Wellex Industries Inc (WIN)
investing.com - 2014-04-23
Featured here, the Balance Sheet for Wellex Industries Inc, which summarizes the company's financial position including assets, liabilities and shareholder equity for each of the latest 4 period ending dates (either quarterly or annually).

Fuel Prices, New Ships Drive Down Company's Profits
Ship Bunker - 2014-04-22
Philippine company Harbor Star Shipping Services Inc. (Harbor Star) saw its net income fall 26.8 percent to P108.5 million ($2.4 million) in 2013 as it paid for new ships and faced rising fuel costs, local newspaper the Manila Bulletin reports. The firm's ...

Century Pacific prices IPO at P13.75/share
Rappler - 2014-04-22
MANILA, Philippines - Canned tuna maker Century Pacific Food Inc. set the final offer price of its initial public offering (IPO) at P13.75 per share, according to Eduardo Francisco, president of BDO Capital & Investment Corporation. BDO Capital is one of ...

Rebels torch construction equipment in Compostela Valley
Rappler - 2014-04-21
On April 10, the NPA simultaneously attacked 5 different locations at the massive mining complex of Apex mining company in Maco town, leaving at least 21 vehicles and heavy equipment destroyed. The NPA also attacked St. Augustine Gold and Copper Ltd in ...

PH stock market returns above 6,700-mark
interaksyon.com - 2014-04-21
Most actively traded stocks were SM Investments, PLDT, SM Prime, Metrobank and Ayala Land. Top gainers were Liberty Flour Mills, Manila Bulletin and Ionics, while the biggest losers were Greenergy, Keppel Holdings and Waterfront. This marked the first ...

ABS-CBN mobile unit aims to break even by 2015
interaksyon.com - 2014-04-21
MANILA - The mobile unit of ABS-CBN Corp expects to break even as early as next year on higher subscriber acquisitions. "We expect to hit breakeven by end of 2015, but there is a possibility to hit it faster than we expected. We are looking at two million ...

Market expected to trade sideways
Manila Standard Today - 2014-04-20
Top losers last week were Bogo-Medellin Milling Co. Inc., which declined 23.3 percent to P52.10; Vivant Corp., which decreased 14 percent to P12.90; and Manila Bulletin Publishing Corp., which dipped 13.6 percent to P1.20.

Tuna cannery Century Pacific prices IPO at P13.75 per share
MSN - 2014-04-20
Century Pacific is the second Philippine company to hold an IPO this year, following the successful share sale of developer DoubleDragon Properties Corp. earlier this month. The Century Pacific shares will be on offer from April 23 to April 29, and will be ...

Milling firm dispute settled; strike looms in mining company
Philstar - 2014-04-20
CEBU, Philippines - The Regional Conciliation and Mediation Board-7 recently settled the labor dispute between the Bogo-Medellin Milling Co., Inc. management and its workers. There is, however, another problem coming for the body, after the Panaghiusa sa ...

Condo sales, higher leases lift Shang Properties' earnings
interaksyon.com - 2014-04-20
MANILA - The operator of the Shangri-La Plaza mall reported that its earnings climbed by a quarter last year driven by higher revenues from the sale of condominium units and rental income. In a disclosure to the Philippine Stock Exchange, Shang ...

Revenue drop, higher costs weigh on generation firm
MSN - 2014-04-19
SPC POWER Corp. saw its net income fall last year mainly due to lower contribution from its power generation business, according to the 2013 annual report it submitted to the Philippine Stock Exchange last week. Net income declined 14.32% to P994.762 ...

16 suffer burns in Batangas sugar factory accident
Philippine Daily Inquirer - 2014-04-19
Nasugbu police chief Superintendent Marlo Torina said the workers at Central Azucarera Don Pedro Inc. (CADP) were inside and cleaning the huge pipe when the accident took place around 7 p.m. on Good Friday. 16 people to fit in and as tall as a one-story ...

16 suffer burns in Batangas sugar factory accident
Philippine Daily Inquirer - 2014-04-19
But Torina said investigation was continuing to determine if De la Cuesta was actually liable for the injuries. CADP is controlled by Roxas Holdings Inc., the largest biosugar and bioenergy company in the Philippines, according to its website.

Solons seek ample protection for bank depositors
Philippine Daily Inquirer - 2014-04-19
The lawmakers cited the case of the Export and Industry Bank, which was ordered closed by the Monetary Board in 2012 due to its liabilities that could not be covered by its assets. They said depositors of the bank fought together in seeking the return of ...

Solons seek ample protection for bank depositors
Philippine Daily Inquirer - 2014-04-19
The lawmakers cited the case of the Export and Industry Bank, which was ordered closed by the Monetary Board in 2012 due to its liabilities that could not be covered by its assets. They said depositors of the bank fought together in seeking the return of ...

New bill seeks to protect depositors of closed banks
Manila Bulletin - 2014-04-19
They cited that in the recent closure of the Export and Industry Bank (EIB) - a commercial bank with thousands of depositors consisting of retirees, small entrepreneurs, and cooperatives, among others - the depositors bonded together to seek measures ...

FEU to offer basic education soon
GMA Network - 2014-04-18
Far Eastern University Inc.'s board of trustees authorized in a meeting held Tuesday the formation and incorporation of a subsidiary to be known as FEU High School Inc. The company said the new subsidiary, which will use "FEU" in its corporate and brand ...

FEU to offer basic education soon Â
MSN - 2014-04-17
Far Eastern University Inc.'s board of trustees authorized in a meeting held Tuesday the formation and incorporation of a subsidiary to be known as FEU High School Inc. The company said the new subsidiary, which will use "FEU" in its corporate and ...

PAL parent's losses quadruple to nearly P12B
Rappler - 2014-04-16
saw its losses balloon by 332% in the first 9 months of its 2013 fiscal year on lower passenger revenues, and high expenses and charges. PAL Holdings Inc., jointly owned by tycoon Lucio Tan and the San Miguel group, said its net loss reached P11.85 billion ...

Philweb 2013 income down
Inquirer - 2014-04-16
Philweb Corp., an online gaming company led by former trade minister Roberto Ongpin, saw a steep decline in profit in 2013, partly as it recorded losses from the sale of its 23.3-percent stake in ISM Communications, which controls Philippine Bank of ...

I-Remit teams up with Lakhoo for remittances from Oman
Inquirer - 2014-04-16
MANILA, Philippines--The cash transfer company I-Remit Inc. has teamed up with Lakhoo Money Exchange, one of the leading institutions in Oman, to expand its remittance coverage in the Middle East. With this partnership with Lakhoo, the largest Filipino ...

SC asked anew: Extend TRO on Meralco rate hike
Rappler - 2014-04-15
MANILA, Philippines - Leftist lawmakers appealed before the Supreme Court (SC) for another extension of the temporary restraining order (TRO) on the December 2013 rate hike of the Manila Electric Company (Meralco). In an 8-page urgent motion for ...

Stocks dip; BDO, Ayala Land climb
Manila Standard Today - 2014-04-15
Ayala Land Inc., a major property development firm, rose 1.9 percent to P30.10. Manila Bulletin Publishing Corp., a major broadsheet controlled by the family of the late tycoon Emilio Yap, surged 7.9 percent to P1.50. Meanwhile, Tokyo ended 0.36 percent ...

China Bank sets price for rights offer
MSN - 2014-04-14
The bank is giving shareholders a chance to buy one new share in the company for every 8.834 shares they currently own, China Bank said in a disclosure. "The bank announces that the price for the rights offer has been determined and that the rights offer ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...

Galoc fuels Aussie firm's growth
MSN - 2014-04-14
Other stakeholders of SC 14 are: Galoc Production Company No. 2 Pte. Ltd., with 26.84473%; Nido Petroleum Ltd., with 22.87952%; Oriental Petroleum & Minerals Corp. and Linapacan Oil & Gas Power Corp., with 7.78505%; The Philodrill Corp., with 7.21495% ...