MNTC, PNCC finalizing connector road JV
Rappler - 2013-11-05
MANILA, Philippines - A unit of the Manuel Pangilinan-led Metro Pacific Investments Corporation (MPIC) and state-owned Philippine National Construction Corporation (PNCC) are finalizing a joint venture deal for the P23-billion road that will link the ...

Armani, Libeskind team up for Philippines skyscraper
New York Daily News - 2013-11-05
"I am very pleased to be partnering Armani/Casa with Century Properties, and believe that the combination of Daniel Libeskind's vision and my own will result in a truly remarkable place to live, full of elegance and wonder;" he added. Armani Casa recently ...

Maibarara geothermal plant operator signs up with WESM
interaksyon.com - 2013-11-05
MANILA - The proponent of the Maibarara geothermal project has signed up the facility in the Wholesale Electricity Spot Market (WESM). In a disclosure to the Philippine Stock Exchange, PetroEnergy Resources Corp (PERC) said WESM operator Philippine ...

PH stock market slides, tracks Asian peers ahead of key Chinese gov't meeting
interaksyon.com - 2013-11-05
It was joined by SM Prime, Metrobank, PLDT and Ayala Land in the actively-traded list. Top gainers were Forum Pacific, Roxas Holdings and Roxas and Company, while the biggest losers were iRipple, DFNN and TKC Steel. "It was sideways for most of the day.

Call center worker jumps to his death
Philippine Daily Inquirer - 2013-11-04
Christian Sanchez, 27, a resident of Signal Village in Taguig City, was declared dead on arrival at Makati Medical Center after he fell from the seventh floor of the 52-story PBCom Tower at the corner of Ayala Avenue and V. A. Rufino Street at 8:05 ...

Man dies after falling from PBCom Tower in Makati
Philippine Daily Inquirer - 2013-11-04
MANILA, Philippines - A 27-year old man on Monday morning died after falling from the 7 th floor of the PBCom Tower in Makati City. Radyo Inquirer 990AM reported that the Makati City Police has yet to determine whether the victim identified as Christian ...

Man dies after falling from PBCom Tower in Makati
Philippine Daily Inquirer - 2013-11-04
MANILA, Philippines - A 27-year old man on Monday morning died after falling from the 7 th floor of the PBCom Tower in Makati City. Radyo Inquirer 990AM reported that the Makati City Police has yet to determine whether the victim identified as Christian ...

COCKTALES | Zobel heir deepens ties with taipan Lucio Tan
interaksyon.com - 2013-11-02
According to the pro-Tan grapevine, Zobel, already a director of Tan's PAL Holdings ... has been elected to the Republic Glass board to replace Antonio Henson as the nominee of the Henry Sy block in the glass manufacturing company.

Century Properties Joins $2B Universal Manila Bay Project
Law 360 - 2013-11-01
Law360, New York (November 1, 2013, 3:57 PM EDT) -- Century Properties Group Inc. has teamed with Kazuo Okada's Universal Entertainment Corp. affiliate in the Philippines for the partial ownership of a $2 billion casino and resort project in Manila ...

Century Properties Joins $2B Universal Manila Bay Project
Law 360 - 2013-11-01
Law360, New York (November 1, 2013, 3:57 PM EDT) -- Century Properties Group Inc. has teamed with Kazuo Okada's Universal Entertainment Corp. affiliate in the Philippines for the partial ownership of a $2 billion casino and resort project in Manila, with ...

Trading of Chemphil, LMG shares resumes on Monday
interaksyon.com - 2013-11-01
MANILA - Trading of Chemical Industries of the Philippines (CIP) and LMG Chemicals Corp shares will resume on Monday following a 10-day suspension. "As previously announced, the trading suspension, as requested by both companies, will be effective until ...

Trading of Chemphil, LMG shares resumes on Monday
interaksyon.com - 2013-11-01
MANILA - Trading of Chemical Industries of the Philippines (CIP) and LMG Chemicals Corp shares will resume on Monday following a 10-day suspension. "As previously announced, the trading suspension, as requested by both companies, will be effective until ...

COCKTALES | Zobel heir deepens ties with taipan Lucio Tan
interaksyon.com - 2013-11-01
According to the pro-Tan grapevine, Zobel, already a director of Tan's PAL Holdings ... has been elected to the Republic Glass board to replace Antonio Henson as the nominee of the Henry Sy block in the glass manufacturing company.

Harbor Star gains on listing debut
Philstar - 2013-10-31
MANILA, Philippines - Tugboat operator Harbor Star Shipping Services Inc. has completed its listing in the local bourse, with its shares inching up in the first day of trading. Stocks of Harbor Star gained 1.6 percent to close at P1.91 each. It traded at ...

First Metro mulls over offering more ETFs
interaksyon.com - 2013-10-31
First Metro Philippine Equity Exchange Traded Fund Inc is listing the country's first ETF, considered as the world's fastest growing asset class, on the Philippine Stock Exchange (PSE) on December 2. An ETF is similar to a mutual fund, but sets itself ...

Biggest San Miguel shareholder seeks SEC nod to stock market listing
interaksyon.com - 2013-10-31
In a notice published in a newspaper, Top Frontier Investment Holdings Inc said it filed a prospectus with the SEC for the registration of 490.196 million common shares with a par value of P1 per share, including 240.196 million shares that have been ...

Nickel Asia building power plant for Surigao mining projects
interaksyon.com - 2013-10-31
MANILA - Nickel Asia Corp has signed an agreement with an electric cooperative in Mindanao for the construction of a bunker fuel power plant. In a statement today, Nickel Asia said it signed a power supply agreement with Surigao Del Norte Electric ...

PH stock market retreats ahead of long weekend
interaksyon.com - 2013-10-31
Most actively traded were SM Prime, PLDT, Ayala Corp, BDO and Metrobank. Top gainers were Cebu Property Venture, Sta Lucia and Citystate, while the biggest losers were Cirtek, Asia Amalgamated and PhilRacing. "The Federal Reserve dealt an expected hand ...

Filinvest awards P30-b coal plant deal to Chinese company
Manila Standard Today - 2013-10-30
A Chinese company has bagged a P30-billion contract to construct the 405-megawatt coal-fired power plant of FDC Misamis Power Corp. in Mindanao. FDC Misamis, a unit of Filinvest Development Corp., said it would hold groundbreaking ceremonies, marking the ...

Entrepreneurs told to comply with food safety standards
Philstar - 2013-10-30
CEBU, Philippines - The food business sector of Cebu, if capacitated with food safety standards and good operation practices, could enhance their competitiveness in the market with the assurance of providing clean and safe food products to the public.

Filinvest power arm to break ground for Mindanao plant next month
interaksyon.com - 2013-10-30
MANILA - Filinvest Development Corp (FDC) is all set to kick off its maiden power project in Mindanao next month. The company's subsidiary FDC Utilities Inc will break ground for its coal plant on November 9. The 405-megawatt power plant will be put up at ...

PH stock market climbs near 6,600-mark on hopes US Fed to keep stimulus
interaksyon.com - 2013-10-30
Top gainers were Apex A, Benguet and Roxas and Co, while the biggest losers were Cebu Property, Vivant and Lorenzo Shipping. "With Ben Bernanke presiding over his second-to-the-last meeting before turning over the reins to his successor, Janet Yellen ...

Ayala Land asks Pasay City to relax reclamation project bidding rules
interaksyon.com - 2013-10-30
MANILA - Ayala Land has asked the Pasay City government to ease the bidding rules for the proposed Manila Bay reclamation project to encourage more companies to submit competing proposals. Ayala Land Inc (ALI) is challenging the proposal of the SM Land ...

Ailing Tarlac man finds opportunity at poll precinct
Philippine Daily Inquirer - 2013-10-29
At 11 a.m., his opportunity walked into Precinct No. 175-A of Central Azucarera de Tarlac Elementary School here. It was none other than President Aquino, who was with his sisters Ballsy and Pinky. Wearing a blue sports shirt and smiling before TV cameras, ...

NTC circular on move to Japan digital TV standard out in Nov.
News Philippines Yahoo - 2013-10-29
A circular on the Philippine shift toward Japanese digital television standard will be out next month, the National Telecommunications Commission (NTC) said Tuesday, following a meeting with broadcast giants GMA Network Inc. and ABS-CBN Corp. There was no ...

Concepcion Industrial cuts IPO price
interaksyon.com - 2013-10-29
MANILA - Concepcion Industrial Corp (CIC) has slashed by over a peso the maximum offer price for next month's initial public offering (IPO). "The offer price, which is set to be finalized on November 11, is expected to fall within a price range of P25.50 ...

SM contractor Megawide may join LRT-1 rebidding
Rappler - 2013-10-29
Megawide Construction Corporation told the stock exchange on Tuesday, October 29, that reports about it being keen on the P60 billion rail project meant to connect the province of Cavite to Metro Manila are true. "We confirm that Megawide may consider ...

National Book Store's Ramos group may sell MRT-3 stake
Rappler - 2013-10-28
Listed firm Anglo Philippine Holdings Corporation confirmed this through a stock exchange disclosure on Tuesday, October 29, following reports that it is willing to "sell at the right price." The Aquino government is moving to unwind the complicated ...

President Aquino casts his vote in Tarlac
interaksyon.com - 2013-10-28
Together with her two sisters Pinky Aquino Abellada and Ballsy Aquino Cruz, the President arrived at the Central Azucarera de Tarlac Elementary School at around 11 a.m. The Chief Executive was welcomed by Major Gen. Gregorio Catapang Jr., commander of the ...

Centro Escolar University to pay dividends in December
News Philippines Yahoo - 2013-10-28
Centro Escolar University (CEU) has announced that it is declaring ... Dentistry, Optometry, Nutrition, Hotel and Restaurant Management, Tourism Management, Pharmacy, Nursing, and Computer Science. - Danessa Rivera/VS, GMA News

Daang Hari-SLEx road complete by Sept 2014
Rappler - 2013-10-28
Ayala Corp's infrastructure arm, AC Infrastructure Holdings Corp, said in an August briefing the project is only 30% complete but construction is going full blast after the rainy season. It has been 2 years since the government awarded Ayala Corp with the ...

Army pays bail bond of major
Manila Standard Today - 2013-10-27
He can refund the money to us," he said. Baliaga was identified by one of the witnesses during the abduction of Burgos on April 28 by alleged military personnel inside a restaurant at the Ever Gotesco Mall along Commonwealth Avenue in Quezon City.

PSE okays P2.2-B Frontier Oil IPO
philstar.com - 2013-10-26
Del Monte Pacific Ltd. and AG Finance Inc. Soon to be listed are tugboat operator Harbor Star Shipping Services Inc., multi-format Robinsons Retail Holdings Inc., hotel and resort developer Travellers Hotel Group Inc. and retailer Appliance maker ...

Atok, Intex settle dispute
Philstar - 2013-10-25
MANILA, Philippines - Listed miner Atok-Big Wedge Co. Inc. chiered by Roberto V. Ongpin and Norwegian miner Intex Resources AS have agreed to settle their differences over a failed equity sale agreement involving a Mindoro nickel project. In a regulatory ...

Listing, acquisition costs pull down Del Monte Pacific's 3Q profit
interaksyon.com - 2013-10-25
MANILA - Del Monte Pacific Co Limited reported a double-digit drop in third-quarter earnings on expenses tied to its acquisition of the company that owns the Del Monte brand rights in the US and South America. In a statement posted on its website, Del ...

Del Monte Pacific's third quarter profit down on Del Monte Foods acquisition
News Philippines Yahoo - 2013-10-25
Del Monte Pacific Limited reported a lower net income in the third quarter, saying it was dragged by the transaction fees in the acquisition of the Del Monte Foods consumer food business in the US. Philippine-based Del Monte Pacific on Friday noted in a ...

Officer accused in Burgos abduction posts bail
Rappler - 2013-10-25
Witnesses tagged Baliaga as behind the controversial abduction of Burgos on April 28, 2007 in a restaurant in Ever Gotesco Mall, Quezon City. (READ: Court pins down army in Burgos case) The disappearance of Burgos, son of the late press freedom icon Joe ...

Tan-led Emperador buys more vineyards in Spain
Rappler - 2013-10-24
In a press statement on Thursday, October 24, Emperador Inc. said it has acquired another 409 hectares of vineyard land "within the province of Madrid, Spain" and is gearing up to enter a new market. This acquisition, which is via Grupo Emperador Spain S.A ...

Govt to open new oil, gas blocs
Manila Standard Today - 2013-10-24
The eight firms included Planet Gas, Philex Petroleum Corp., PNOC Exploration Corp., PetroEnergy Resources Corp., Pitkin Petroleum Plc, Norasian Energy Philippines, The Philodrill Corp. and Loyz Oil Inc. Planet Gas and Loyz Oil are Australian companies ...

Seaoil now carries Euro 4 gasoline, Euro 5 diesel fuels
topgear.com.ph - 2013-10-24
Let's hope more oil companies follow Unioil and Seaoil's lead in going all Euro 4 across all their products without having to be told by the government.

Geograce ends exploration deal with Brazilian miner
Philstar - 2013-10-23
MANILA, Philippines - Listed miner Geograce Resources Philippines Inc. has terminated its exploration agreement with the local subsidiary of Brazilian mining firm Companhia Vale do Rio Doce (Vale) for the assessment of its mining tenements in Masbate.

Telcos nix SIM card registration
philstar.com - 2013-10-23
Philippine Telegraph & Telephone Corp., Pilipino Telephone Corp., Telecommunications Technologies of the Philippines. The proposed registration of SIM cards was revived for security purposes following a cellphone-triggered bombing that killed eight people ...

Compare: BIR's top taxpayers vs Forbes' richest Filipinos
Rappler - 2013-10-23
MANILA, Philippines - Only 25 out of the 40 richest Filipinos in 2012 are among the top 500 individual taxpayers. This is according to the latest "Tax Watch" ad released by the Department of Finance and the Bureau of Internal Revenue (BIR) that's meant ...

Discovery cuts IPO size, withdraws Enderun bid
Manila Standard Today - 2013-10-22
Resort developer Discovery World Corp. has reduced the size of its initial public offering scheduled next month to P551 million from P1 billion, as it canceled a plan to hike its investment in Enderun Colleges. Discovery World, based on the revised IPO ...

AFP will turn over officer tagged in Jonas Burgos abduction
Rappler - 2013-10-22
The AFP has not received the court order against Baliaga, but the military will "follow the law," said Col Rhoderick Parayno ... 2007 in a restaurant in Ever Gotesco Mall, Quezon City. (READ: Court pins down army in Burgos case) The disappearance of ...

Review: Honda CR-Z 1.5 Mugen Edition CVT
topgear.com.ph - 2013-10-22
Being a motoring writer has its perks. You get to drive cars--a lot of them. Better yet, you get paid to do it. As you're taking home a new car every week, everyone thinks you're either a drug dealer or--worse--a congressman. The attention gets ...

PLDT, Globe oppose SIM registration
Rappler - 2013-10-22
Philippine Telegraph & Telephone Corp., Pilipino Telephone Corp., Telecommunications Technologies of the Philippines. - Rappler.com

Century Properties to launch final tower of flagship project
philstar.com - 2013-10-21
MANILA, Philippines - Listed Century Properties Group Inc. will complete its offering of residential, commercial and office building portfolio in its flagship Century City development in Makati. The property firm is launching the final tower in its ...

Discovery Shores Boracay operator revives IPO, but trims size
interaksyon.com - 2013-10-21
In its revised offer terms, Discovery World Corporation said gross proceeds from the IPO will be reduced from P1 billion to P551 million after trimming the offer size from 306 million shares to 168 million. Discovery World retained the offer price at P3.28 ...

Stock index seen climbing to 6,700
Manila Standard Today - 2013-10-21
San Miguel reported that it would distribute its shares in its major shareholder in preparation for the planned listing of Top Frontier Investment Holdings Inc. by way of introduction. Top losers included Mabuhay Vinyl Corp., which dropped 28.1 percent to ...