Trans-Asia to acquire stake in Frontier Oil
interaksyon.com - 2013-12-13
MANILA - Trans-Asia Oil and Energy Development Corp is investing in Frontier Oil Corp. In a disclosure to the Philippine Stock Exchange, Frontier Oil said Trans-Asia, through wholly-owned subsidiary Trans-Asia Petroleum Corp, will subscribe to an ...

Philippines-based oil firm Trans-Asia to take stake in Frontier Oil
VENTURE CAPITAL POST - 2013-12-13
The IPO proceeds will fund Frontier's petroleum exploration and development contracts, the report stated. Trans-Asia holds interests in a number of oil and gas blocks in the Philippines. The firm is the energy arm of the private holding firm Philippine ...

MVP group welcomes probe into Meralco rate hike
Rappler - 2013-12-12
MANILA, Philippines - The head of the country's largest power distributor Manila Electric Company (Meralco) welcomed the probe into the utility firm's power rate hike this month. On Thursday, December 12, Meralco chairman Manuel V. Pangilinan said any ...

PH stock market wipes out gain for the year on Fed taper talk
interaksyon.com - 2013-12-12
Most actively traded stocks were Metrobank, PLDT, ICTSI, BDO and Puregold. Top gainers were Lorenzo Shipping, Da Vinci and Greenergy, while the biggest losers were LMG, Philippine Tobacco and Nextstage. "There is still some selling even in the blue chips.

Vatican's finance clean-up not over yet
CNN Money - 2013-12-12
Related: Vatican may widen bank corruption probe In May, the Vatican's Financial Intelligence Authority issued its first ever report on money laundering in a move to improve financial transparency in the city state. And in October, the Vatican bank ...

Court blocks Palawan DMCI coal plant
Rappler - 2013-12-12
PUERTO PRINCESA CITY, Philippines - A Regional Trial Court has blocked the construction of the controversial DMCI coal-fired power plant in Palawan after receiving a complaint filed by locals. Judge Ambrosio de Luna, the environmental court judge of ...

2013 a bad year for IPOs
thestandard.com.ph - 2013-12-12
Upscale resort operator Discovery World Corp. saw its stock fall 11.6 percent on its first day of listing on November 21, despite an assurance the damage sustained by a newly-acquired Palawan resort at the height of super typhoon Yolanda had minimal impact ...

13 things Meralco consumers should know about the hike
Rappler - 2013-12-12
Below are what Manila Electric Company (Meralco) consumers need to know about the ... This Christmas, more than ever, it must explain its silence and inaction on the chronic abuse. - Rappler.com The authors have been studying the power sector for over ...

GMR, Megawide Group set to win $400 million Philippine airport contract
NDTV - 2013-12-11
A consortium of GMR Infrastructure and the Philippines' Megawide Construction Corp is the likely winner of a $400 million tender to build and operate a passenger terminal at an international airport in central Philippines. The consortium beat six others at ...

Collusion eyed in power rate hike
Philippine Daily Inquirer - 2013-12-11
The Department of Energy is looking into a possible "collusion" among power plants that suspiciously ... and the 600-MW Calaca power plant of DMCI Holdings Inc. However, an official of First Gen told the Inquirer late Tuesday night that the Sta.

4 firms eye LRT expansion project
Rappler - 2013-12-10
SMC, DMCI Holdings, Megawide Corporation, and Spanish rail transport operator Globalvia purchased bid documents for the project. An earlier bidding failed after most firms that were prequalified backed out due to viability concerns, which the DOTC has ...

DOE to probe Meralco power rate hike
Rappler - 2013-12-10
MANILA, Philippines - The Department of Energy will look into how Manila Electric Company (Meralco) computed its power rate increase for the month of December. At the hearing of the House committee on Energy on Tuesday, December 10, DOE Undersecretary ...

Phl jobless rate drops to 6.5%
Philstar - 2013-12-10
"We also need to strengthen the link of agriculture with the manufacturing sector to create more quality employment such as in the agro-industry," he said. Balicasan added that there is a need for policies that allow flexible work arrangements so that ...

Medellin to give aid to elderly, disabled
Philippine Daily Inquirer - 2013-12-09
Power was also restored at the Bogo-Medellin Milling Company last Dec. 2, ensuring the start of the harvest and milling of sugarcane this month, instead of next year as the company earlier projected. /Jeanette Malinao, Copy Editor

Italpinas expansion
Manila Standard Today - 2013-12-09
Green building developer Italpinas Euroasian Design and Eco-Development Corp. is scouting for investors to pursue its expansion plan that involves developing $600 million worth of projects over the next six years. Italpinas said it planned to expand ...

Nabas wind power
Manila Standard Today - 2013-12-09
PetroGreen Energy Corp., a wholly-owned subsidiary of listed PetroEnergy Resources Corp., expects to start the commercial operations of the 50-megawatt Nabas wind power project in Aklan in the fourth quarter of 2014. "We are targeting November 2014 as ...

Medellin to give aid to elderly, disabled
Philippine Daily Inquirer - 2013-12-09
Power was also restored at the Bogo-Medellin Milling Company last Dec. 2, ensuring the start of the harvest and milling of sugarcane this month, instead of next year as the company earlier projected. /Jeanette Malinao, Copy Editor Don't miss out on the ...

ERC oks Meralco's staggered rate hike
Rappler - 2013-12-08
MANILA, Philippines - The Energy Regulatory Commission (ERC) on Monday, December 9 approved Manila Electric Company's (Meralco) plan to implement a P3.44 per kilowatt-hour (kWh) increase in its generation charge on staggered basis. The P3.44 per kWh hike ...

DMCI designs earthquake-resistant structures
Philstar - 2013-12-06
MANILA, Philippines - In media and casual conversations, the terms "magnitude" and "intensity" are often interchanged whenever the severity of a quake is discussed. Thus, to help Filipinos start being earthquake-smart, DMCI Homes asked engineers ...

Puregold buys into operator of 9-store retail chain in Metro Manila
interaksyon.com - 2013-12-06
Puregold Price Club Inc strengthened its retail footprint with the acquisition of a minority stake in a grocery operator in Manila. In a disclosure to the Philippine Stock Exchange, the Lucio Co-led retailer said its wholly owned unit Estenso Equities Inc ...

Trans-Asia buys into service contract of Basic Energy
Philstar - 2013-12-05
MANILA, Philippines - Oil and gas company Basic Energy and Trans-Asia Oil and Energy Development Corp., the power generation arm of the Phinma Group, have signed an agreement for the exploration and development of geothermal service contracts. Under the ...

Globe Telecom taps LandBank for P7-B loan to fund 2014 capex
News Philippines Yahoo - 2013-12-05
Globe Telecom Inc. on Thursday said it borrowed P7 billion from state-owned Land Bank of the Philippines to partly fund its capital expenditures for 2014. In a disclosure to the Philippine Stock Exchange , the Ayala-led telco said it signed a seven-year ...

Galoc oil field doubles production as 2 new wells come onstream
interaksyon.com - 2013-12-05
Ltd. (26.8 percent), Nido Petroleum Ltd (22.8 percent), Oriental Petroleum and Minerals Corp and Linapacan Oil Gas and Power Corp (7.7 percent), The Philodrill Corp (7.2 percent) and and Forum Energy Philippines Corp (2.2 percent).

PH stock market slides as Fed taper talk resumes
interaksyon.com - 2013-12-04
Top gainers were South China Resources, Republic Glass Holdings, Philippine Racing Club and Global Estate Resorts. Jun Calaycay of Accord Capital Equities Corp. said a flood of red greeted the second day of trading of December with the PSEi testing the ...

First Pacific execs elected to board of Roxas Holdings
interaksyon.com - 2013-12-04
HONG KONG - Key executives of First Pacific Co Ltd were elected to the board of Roxas Holdings Inc (RHI) following the Hong Kong-based conglomerate's acquisition of a stake in the listed sugar producer. First Pacific managing director Manuel Pangilinan ...

NAVIGATING THE CRIMES OF THE PLUNDER MASTERMIND
senate.gov.ph - 2013-12-04
NAVIGATING THE CRIMES OF THE PLUNDER MASTERMIND By SENATOR MIRIAM DEFENSOR SANTIAGO (Privilege speech on 4 December 2013) Mr. President, ladies and gentlemen of the Senate: Mastermind of Plunder It comes rarely in the life of the nation that a people ...

FMIC completes listing of Exchange Traded Fund
Philstar - 2013-12-03
Share price of First Metro Philippine Equity Exchange Traded Fund Inc. (FMETF) rose 0.81 percent to P100 from P99.20, with turnover value at P63.78 million. ETFs are securities and investment instruments that monitor a commodity of assets like an index ...

5 insurers court CitiGroup for bancassurance distribution deal
Philstar - 2013-12-03
MANILA, Philippines - The AIA Group, Manulife Financial Corp. of Canada, Prudential Plc, Metlife, and the FWD Group has submitted bids to enter into a bancassurance distribution partnership with Citigroup. The five insurers have either a strong global or ...

Basic Energy enlists Trans-Asia's help in developing geothermal projects
interaksyon.com - 2013-12-03
MANILA - Basic Energy Corp and Trans Asia Oil and Energy Development Corp have teamed up for the development of geothermal energy resources. In disclosure to the Philippine Stock Exchange, both companies said they signed a memorandum of agreement for the ...

PH stock market returns below 6,200-mark on profit taking
interaksyon.com - 2013-12-03
Most actively traded stocks were Metrobank, PLDT, Emperador, SM Investments and Ayala Corp. Top gainers were Globalport, DFNN and Premiere Horizon, while the biggest losers were Jolliville, Lorenzo Shipping and Imperial Resources. "Investors cashed in ...

PH oil output seen to increase as 2 more Galoc wells start production
interaksyon.com - 2013-12-03
MANILA - The Galoc oil field is expected to start commercial production from its two new wells today, a government official ... Ltd. (26.8 percent), Nido Petroleum Ltd (22.8 percent), Oriental Petroleum and Minerals Corp and Linapacan Oil Gas and Power ...

Who wants to go public?
philstar.com - 2013-12-03
In the Philippines, Travellers International Hotel Group, the developer and operator of Resorts World Manila, and Harbor Star Shipping, tug boat operator in the country, recently listed in the Philippine Stock Exchange (PSE). Ever wonder why companies go ...

Multi-awarded Italian architect offers to draft rehab master plan for typhoon-hit areas
interaksyon.com - 2013-12-02
Architect Romolo V. Nati, executive chairman and chief executive officer of ITALPINAS Euroasian Design and Eco-Development Corp (ITPI), said he is willing to work with local engineers in affected areas to build storm-resistant urban centers. "I feel very ...

COL Financial taps iRemit as collection agent
interaksyon.com - 2013-12-02
MANILA - COL Financial Group Inc has tapped I-Remit Inc as its collection and remittance agent for overseas clients. In a disclosure to the Philippine Stock Exchange (PSE), COL Financial said the online brokerage signed a memorandum of agreement with I ...

Philippines' first ETF climbs in stock market debut
interaksyon.com - 2013-12-02
First Metro Philippine Equity Exchange Traded Fund Inc, which reflects the performance of the Philippine Stock Exchange index (PSEi), finished with an indicative net asset value (iNAV) of 99.4104 per share, 0.21 percent higher than its opening iNAV of 99 ...

Philippines' first ETF climbs in stock market debut
interaksyon.com - 2013-12-02
First Metro Philippine Equity Exchange Traded Fund Inc, which reflects the performance of the Philippine Stock Exchange index (PSEi), finished with an indicative net asset value (iNAV) of 99.4104 per share, 0.21 percent higher than its opening iNAV of 99 ...

Supertyphoon survivors become beggars
Philippine Daily Inquirer - 2013-11-30
These included Bogo City, Tabogon, Medellin, San Remigio and Daanbantayan towns ... vehicles delivering relief items would stop along the highway and share with the milling crowd some of their cargo. On Nov. 24, reporters who visited northern Cebu ...

Supertyphoon survivors become beggars
Philippine Daily Inquirer - 2013-11-30
These included Bogo City, Tabogon, Medellin, San Remigio and Daanbantayan towns ... vehicles delivering relief items would stop along the highway and share with the milling crowd some of their cargo. On Nov. 24, reporters who visited northern Cebu ...

Robinsons Retail store network reaches 1,000
interaksyon.com - 2013-11-29
MANILA - Robinsons Retail Holdings Inc has topped its 1,000th store today and plans to open more outlets in a bid to expand its network to 1,100 by the end of the year. In a disclosure to the Philippine Stock Exchange, the retail arm of the Gokongwei ...

Millennium Global enters seafood export business
Philstar - 2013-11-28
MANILA, Philippines - Millennium Global Holdings Inc., formerly IPVG Corp., is entering the seafood export business, formalizing its shift from the information technology business. The listed holding firm plans to raise cash through the equities and debt ...

After Typhoon Haiyan, Philippines Economy Grows At Slowest Pace In Over A Year
Ibtimes.com - 2013-11-27
The president is planning to increase the budget to a record in 2014 and boost spending on roads, ports and classrooms. San Miguel Corp., Ayala Corp. and Megawide Construction Corp. are investing in projects such as airports and railways.

Manila council suspends permit for DMCI's Torre de Manila
interaksyon.com - 2013-11-27
MANILA, Philippines - The construction of the controversial Torre De Manila condominium along Taft Avenue, opposed by thousands of people who claimed it violated zoning rules and would ruin people's view of the Rizal Monument at the Luneta, has been put ...

LRWC provides P86-million convertible loan to DFNN
interaksyon.com - 2013-11-26
MANILA - Leisure and Resorts World Corp (LRWC) has lent P86 million to information technology firm DFNN Inc. In a disclosure to the Philippine Stock Exchange, DFNN said it executed a loan agreement with LRWC, which operates the Midas Hotel and is part of ...

SMDC launches condo near SM Fairview
interaksyon.com - 2013-11-26
The project occupies over eight hectares of land and provides access to many conveniences such as SM City Fairview, the proposed Metro Rail Transit Line 7 and other transport hubs as well as other convenient retailers right by the gated community.

Medellin readies sugar mills
Philstar - 2013-11-25
With power restored already by the Cebu Electric Cooperative (Cebeco) II, the Bogo-Medellin Milling Company (Bomedco) is set to hold a dry-run on Wednesday to prepare for the harvesting of sugarcane on Dec. 2. "Kung walay mga (If there are no ...

Oriental Mindoro electric coop seals supply deal with Jolliville subsidiary
interaksyon.com - 2013-11-25
MANILA - A subsidiary of listed Jolliville Holdings Corp has signed a power supply deal with Oriental Mindoro's electric cooperative. In a regulatory filing, Ormin Power Co said it inked a 25-year power supply deal with Oriental Mindoro Electric ...

Oriental Mindoro electric coop seals supply deal with Jolliville subsidiary
interaksyon.com - 2013-11-25
MANILA - A subsidiary of listed Jolliville Holdings Corp has signed a power supply deal with Oriental Mindoro's electric cooperative. In a regulatory filing, Ormin Power Co said it inked a 25-year power supply deal with Oriental Mindoro Electric ...

Tanduay takes aim at Emperador for a slice of the brandy market
interaksyon.com - 2013-11-25
Recently, Cosco Capital Inc of Lucio Co brought Spanish brandy Excelente to the Philippine market. Cosco has subsidiaries that are the exclusive distributor of imported brands of wine, spirits and beer and other beverages from Europe, the Americas and ...

The City and the University
Sun Star - 2013-11-25
But it also produced several bishops, abbots, Cabinet Members, a dean of the Ateneo Law School, a Grammy Award ... or several members who did not graduate from HAU. With the labor strike now behind it, both Holy Angel University and Angeles City can ...

Megawide to export pre-cast materials to Singapore
Manila Standard Today - 2013-11-23
Megawide Construction Corp. said Friday it plans to export pre-fabricated materials to Singapore by the second quarter next year. Megawide chief marketing officer Louie Ferrer said the company would scout for construction projects in Singapore that would ...