MPIC sells Cabanatuan shopping mall stake to Puregold's parent
interaksyon.com - 2014-03-03
"The NEPSCC shares were non-core assets of MPIC. Cosco Capital Inc. also acquired the remaining issued and outstanding capital stock of NEPSCC from the other NEPSCC shareholders," the local arm of Hong Kong-listed First Pacific Co Ltd said. NEPSCC owns ...

MPIC sells Cabanatuan shopping mall stake to Puregold's parent
interaksyon.com - 2014-03-03
"The NEPSCC shares were non-core assets of MPIC. Cosco Capital Inc. also acquired the remaining issued and outstanding capital stock of NEPSCC from the other NEPSCC shareholders," the local arm of Hong Kong-listed First Pacific Co Ltd said. NEPSCC owns ...

Heavy traffic, not school days, should be reduced
Philstar - 2014-03-03
Centro Escolar University president Ma. Cristina Padolina said the MMDA should review existing traffic rules instead of reducing the number of school days. "Implement traffic rules. That would be a big help right now," Padolina said, adding that the ...

SMDC forming subsidiary to sell ready-for-occupancy units
interaksyon.com - 2014-03-02
MANILA - SM Development Corp (SMDC) is forming a new subsidiary that will lease and sell ready-for-occupancy (RFO) units. Aye Luna, SMDC assistant vice president for marketing, last week told reporters that a maximum of 20 percent of units in future ...

SMDC forming subsidiary to sell ready-for-occupancy units
interaksyon.com - 2014-03-02
MANILA - SM Development Corp (SMDC) is forming a new subsidiary that will lease and sell ready-for-occupancy (RFO) units. Aye Luna, SMDC assistant vice president for marketing, last week told reporters that a maximum of 20 percent of units in future ...

Cebu Holdings selling P5-B bonds
Manila Bulletin - 2014-03-01
Cebu Holdings Inc., an affiliate of Ayala Land Inc., is planning to raise P5 billion through the issuance of bonds that will carry a tenor of up to eight years. In a disclosure to the Philippine Stock Exchange, CHI said the bonds will be sold through a ...

On The Horizon - Renewable Energy in Asia: Hong Kong
JD Supra - 2014-02-27
Hong Kong has a population of about 7 million and is highly energy dependent. Energy consumption has been rapidly increasing, mainly due to economic growth and the influx of immigrants from the Mainland. Hong Kong does not have indigenous energy resources ...

5 Escolarians top optometrists exam
Philstar - 2014-02-27
MANILA, Philippines - Centro Escolar University proves to be one of the top Optometry schools in the country with the sterling performance of its graduates in the December 2013 Licensure Examination for Optometrists. Leading the new batch of topnotchers is ...

MSY Tower and 128 Nivel Hills in Focus
philstar.com - 2014-02-27
Lhuillier, had the ceremonial groundbreaking of their posh and world class P4.9 billion condominium towers located at the former Casino Filipino in Nivel Hills. This is the ... Joseph Ejercito Estrada and Asia United Bank Chairman Jack Ng, Assisting ...

UPDATED: Ford Updates Expedition with EcoBoost Power (It's in the US Only for Now)
carguide.ph - 2014-02-26
Ford has also changed the instrument cluster to match the high-tech one seen in the Explorer. Expect the 2015 Ford Expedition to arrive in the Philippines sometime next year or sooner if current stocks run out. Now, the big question is: can EcoBoost power ...

Index eases below 6,300 on profit taking
Philstar - 2014-02-25
MANILA, Philippines - Local share prices retreated yesterday on last minute profit taking, pushing the index below the 6,300 level. At the Philippine Stock Exchange, the main index fell 12.04 points, or 0.19 percent, to close at 6,296.32. Intraday, the ...

Local share prices move sideways
interaksyon.com - 2014-02-25
Top gainers were Leisure and Resorts, Synergy Grid and Megaworld warrants, while the biggest losers were Jolliville, Primex and Splash. "The PSEi moved sideways as most investors are locking in gains at the 6,300 level. Corrections are healthy though ...

Metro Manila schools to tap solar power
philstar.com - 2014-02-24
Petilla said the schools will save P2 per kilowatt hour as the power produced by the solar panels will be about P9.50 per kWh, lower than the P11.50 rate of the Manila Electric Company. The schools are projected to produce 2.4 megawatts from the initial 1 ...

Alsons unit, Davao del Sur electric coop propose P1.57/kWh increase in power rate
interaksyon.com - 2014-02-24
MANILA - A subsidiary of Alsons Consolidated Resources Inc has signed a power supply agreement with an electric cooperative in Davao. In a joint filing, Davao Del Sur Electric Cooperative Inc (Dasureco) and Alsons Energy Development Corp (AEDC) said they ...

Metro Pacific tollways unit sets sights on $1B road project in Vietnam
interaksyon.com - 2014-02-24
MANILA - First Pacific Co Ltd and Metro Pacific Investments Corp (MPIC) are looking at about $1 billion worth of road projects in Vietnam. "It's still very raw. We are looking at two roads in Vietnam. One that is being bidded out for second investors that ...

BDO acquires Philippine trust business of Deutsche Bank
interaksyon.com - 2014-02-24
It employs over 2,000 staff and has a joint venture, Deutsche Regis Partners, and subsidiary, Deutsche Knowledge Services. The Philippines' largest bank in terms of assets, BDO has 814 operating branches and 2,263 ATMs nationwide. It also has a branch in ...

iRemit to open more branches in Singapore
Philstar - 2014-02-22
MANILA, Philippines - Cash transfer firm i-Remit Inc. obtained regulatory approval to open more branches in Singapore as part of efforts to further expand its global footprint. In a disclosure to the Philippine Stock Exchange, i-Remit said it had received ...

Asiasoft PHL confirms buyout of Level-Up Games
Yahoo News Singapore - 2014-02-21
Inc., one of the country's biggest and most well-known gaming concerns. IP E-Game Ventures Inc. and Level Up! International Holdings Pte. Ltd. are selling their shareholdings in Level Up! Inc. to Asiasoft Corporation Public Company Ltd. Asiasoft announced ...

IRemit forms subsidiary for expansion in Singapore
interaksyon.com - 2014-02-21
MANILA - I-Remit Inc obtained regulatory approval to form a subsidiary in Singapore to support the expansion of its remittance business. In a disclosure to the Philippine Stock Exchange, the non-bank remittance firm said the Accounting and Corporate ...

Profit taking pulls down PH stock market to just above 6,300-mark
interaksyon.com - 2014-02-21
Top gainers were DFNN, Unioil and Macroasia, while the biggest losers were Synergy Grid, Liberty Flour Mills and Greenergy. "Market paused for technical breathers following consecutive rallies in previous sessions," said Freya Natividad, investment analyst ...

Holcim may delay cement plant
Manila Standard Today - 2014-02-21
Holcim Philippines Inc. said Thursday it may delay the construction of a proposed $550-million new cement factory in Bulacan province because of the impending economic integration of the Association of Southeast Asian Nations. Holcim Philippines chief ...

Philippine company to extend pineapple presence
Fresh Fruit Portal - 2014-02-20
Philippine comany AgriNurture, Inc. could soon confirm a joint deal to establish a pineapple farm in South Cotabato, reported Manilastandardtoday.com. General manager for farming, Larry Lacson, said the company cannot yet reveal the name of its business ...

PH stock market returns above 6,300-mark on foreign buying
interaksyon.com - 2014-02-20
Top gainers were Euro-Med, Victorias Milling and ATN Holdings, while the biggest losers were Apex Mining A, ISM Communications and Benguet A. "We've been looked at by most fund managers in a positive light. What differentiates the Philippines from other ...

EDC completes Tongonan plant rehab
interaksyon.com - 2014-02-20
The Tongonan plant is part of the 650-MW Unified Leyte Geothermal Power Plants in Leyte. The power facility is run by EDC, a subsidiary of First Gen Corp of the Lopez Group. Along with the 232-MW Malitbog and the 180-MW Mahanagdong plants, Tongonan's ...

Cosco Capital acquires Office Warehouse
Philstar - 2014-02-19
MANILA, Philippines - Cosco Capital Inc., the investment vehicle of Lucio and Susan Co, is venturing into specialty retail with the purchase of homegrown Office Warehouse. In a regulatory filing, the holding firm said it signed an agreement to acquire ...

Agrinurture eyes pineapple farm
Manila Standard Today - 2014-02-19
Agrinurture Inc. said Tuesday it plans to sign a joint venture agreement with a company to establish a pineapple plantation in South Cotabato province. "We are hoping to enter into a joint venture agreement next year. The one we are talking to has an ...

Successful Strategies For Doing Business In Asia: Thailand
JD Supra - 2014-02-18
1. What role does the government of Thailand play in approving and regulating foreign direct investment? The Thai government regulates foreign direct investment by requiring foreign investors to obtain approval from the Department of Business Development ...

Review: 2014 Chevrolet Trailblazer 2.8 4x2 A/T
carguide.ph - 2014-02-18
The Trailblazer sports the 2.8-liter version of the Duramax motor, but for 2014, both power and torque have been bumped to an even 200 horsepower at 3,800 rpm and 500 Nm of torque at 2,000 rpm. This easily makes it the most powerful in its class.

SM, Jollibee enter joint venture for 'community' malls
Rappler - 2014-02-17
a 50-50 joint venture between Jollibee, led by Tony Tan Caktiong, and Injap Investments of Edgar "Injap" Sia II. SMIC said DoubleDragon will continue to own the remaining 66% of CMCCI and will also hold management of the mall company. CMCCI is envisioned ...

Ayala Land allots P70B for 2014 projects
Rappler - 2014-02-17
MANILA, Philippines - After posting record earnings in 2013, property giant Ayala Land Inc. plans to aggressively expand this year using a P70-billion budget. Ayala Land said it eyes to launch 78 projects this year that can earn for the company around ...

Manila Water holds septic tank cleaning in concession area
interaksyon.com - 2014-02-17
MANILA - Manila Water Co Inc has scheduled septic tank cleaning in its concession area for this year. In a statement, Manila Water corporate affairs group director Ferdinand dela Cruz said the company began desludging operations last month in the following ...

LBC bares share sale to public worth P7b
Manila Standard Today - 2014-02-17
LBC Express Inc., a courier and freight forwarding services provider owned by the Araneta family, is raising P7 billion through an initial public offering this year. Documents obtained by Manila Standard showed LBC Express would offer up to 286.96 million ...

Stocks expected to rise this week
Manila Standard Today - 2014-02-17
Weekly top price gainers included Roxas and Co. Inc., which gained 26 percent to P4.41; Seafront Resources Corp., which advanced 21.9 percent to P1.95; and Apex Mining Co. Inc., which rose 16.9 percent. Weekly top price losers were MacroAsia Corp., which ...

SM Investment Corp. invests in Philippine community mall development firm
VENTURE CAPITAL POST - 2014-02-17
The remaining shares are owned by DoubleDragon Properties Corp, which is a joint venture of the founders of popular food chains Mang Inasal and Jollibee, the report detailed. Last month, DoubleDragon filed for an initial public offering (IPO) worth PHP1.16 ...

Sugar miller posts Q1 loss
Philstar - 2014-02-16
MANILA, Philippines - Listed sugar miller Bogo-Medellin Milling Co., Inc. registered higher losses in the first quarter of its fiscal year on lower sugar production and sales after its plantations were affected by Typhoon Yolanda. In a regulatory filing ...

Successful Strategies For Doing Business In Asia: Taiwan
JD Supra - 2014-02-14
1. What role does the government of Taiwan play in approving and regulating foreign direct investment? Three types of Taiwan government approval requirements may be relevant to direct foreign investment in Taiwan: Foreign investment approval requirements ...

Melco Philippines' losses widen in 4Q
interaksyon.com - 2014-02-14
Melco Crown (Philippines) Resorts Corp told the local bourse it registered a net loss of about $18.2 million in the three-month period ending December 2013, including $10.1 million in capital lease charges relating to building lease payments. Capital ...

Sugar Miller Bogo-Medellin says Yolanda dented fiscal Q1 bottom line
GMA Network - 2014-02-14
Sugar miller Bogo-Medellin Milling Co. Inc. on Friday said losses went up in fiscal first quarter ending Dec. 1, 2013 on lower sales and output, citing the impact of killer Typhoon Yolanda on its plantations. In a disclosure to the Philippine Stock ...

Emperador boosts Spain investments
Rappler - 2014-02-13
Emperador is a wholly-owned subsidiary of Alliance Global Group, a Philippine conglomerate with interests in liquor, real estate, resorts and gaming, and fast food restaurants. - Rappler.com

PH stock market slips, barely stays above 6,100-mark
interaksyon.com - 2014-02-13
Most actively traded stocks were Metrobank, SM Prime, Universal Robina, JG Summit and Megaworld. Top gainers were Manila Water, Mabuhay Holdings and PAL Holdings, while today's biggest losers were PBCom, Greenergy and NextStage. "The PSEI, which escaped ...

PH stock market slips, barely stays above 6,100-mark
interaksyon.com - 2014-02-13
Most actively traded stocks were Metrobank, SM Prime, Universal Robina, JG Summit and Megaworld. Top gainers were Manila Water, Mabuhay Holdings and PAL Holdings, while today's biggest losers were PBCom, Greenergy and NextStage. "The PSEI, which escaped ...

PSEi may hit 6,900 level in 2014
Rappler - 2014-02-12
MANILA, Philippines - The Philippine Stock Exchange index (PSEi) may hit the 6,900 level in ... Among COL Financial's top picks for the year are EEI Inc., Megaworld Corporation, Philippine Long Distance Telephone Company, D&L Industries Inc., Ayala ...

Century Pacific all set for IPO
Inquirer - 2014-02-11
MANILA, Philippines--Century Pacific Food Inc. is planning an initial public offering worth as much as P3.3 billion this year. Century Pacific, the 35-year-old company behind popular canned food brands including Century Tuna, has filed an application with ...

GMA Kapuso Villages soon to rise in Leyte
GMA Network - 2014-02-11
Rebuilding the lives of many displaced residents in Leyte due to typhoon Yolanda begins as GMA Kapuso Foundation (GMAKF) starts construction on two Kapuso Villages in Tacloban and Palo. The groundbreaking ceremonies of the Kapuso Villages, one in the city ...

Capital market growing -- Sicat
thestandard.com.ph - 2014-02-11
Travellers International Holdings Inc., Robinsons Retail Holdings Inc., AG Finance Inc., Concepcion Industrial Inc., Harbor Star Shipping Inc. and Discovery World Corp. One company, Del Monte Pacific Ltd., was listed through listing by way of introduction ...

Capital market growing -- Sicat
Manila Standard Today - 2014-02-10
Travellers International Holdings Inc., Robinsons Retail Holdings Inc., AG Finance Inc., Concepcion Industrial Inc., Harbor Star Shipping Inc. and Discovery World Corp. One company, Del Monte Pacific Ltd., was listed through listing by way of introduction ...

IP E-Game Ventures sells stake in Level Up!
Manila Bulletin - 2014-02-10
IP E-Game Ventures, Inc. is selling its 30 percent stake in online games firm Level Up! Inc. to Asiasoft Corporation Public Company Limited of Thailand for an undisclosed amount. In a disclosure to the Philippine Stock Exchange, IP E-Games said its board ...

Bloomberry sells P11.4-B worth of debt notes to expand Solaire
interaksyon.com - 2014-02-10
The listed hotel and casino owner inked the deal with BDO Unibank Inc, BDO Leasing and Finance Inc, BDO Private Bank Inc, China Banking Corp, Robinsons Bank Corp and United Coconut Planters Bank. BDO Capital & Investment Corp was the lead arranger and sole ...

Batangas geothermal plant starts operations
Rappler - 2014-02-10
MANILA, Philippines - The 20-megawatt (MW) Maibarara power plant began commercial operations in Sto ... with PetroGreen Energy Corporation (PGEC), a wholly-owned subsidiary of PetroEnergy Resources Corporation (PERC), holding 65% ownership.

ABS-CBN says likely met P2B profit goal for 2013
interaksyon.com - 2014-02-10
MANILA - ABS-CBN Corp on Monday said it expects to earn P2 billion this year despite the absence of political advertisements. "The guidance is still a range between P1.8 billion to P2 billion in net income in 2014 even without the political ads," ABS ...