Otto Energy confirms new Galoc oil find
philstar.com - 2013-10-18
Otto Energy holds a 33-percent direct ownership in the Galoc project through Galoc Production Co. Other partners are Nido Production Ltd., Oriental Petroleum & Minerals Corp., Linapacan Oil Gas & Power Corp., Philodrill Corp. and Forum Energy Philippines.

San Miguel Rises Most in 2 Years on Top Frontier Share Dividend
Bloomberg - 2013-10-18
San Miguel Corp., the largest company in the Philippines by sales, rose the most in more than two years after saying it will declare 240.2 million shares of majority owner Top Frontier Investment Holdings Inc. as a property dividend. San Miguel climbed 6.5 ...

Top Frontier eyes listing
Manila Standard Today - 2013-10-18
San Miguel Corp. said Thursday major shareholder Top Frontier Investment Holdings Inc. is set to list its shares with the Philippine Stock Exchange by way of introduction. San Miguel said in a disclosure to the stock exchange the board of Top Frontier ...

No record high for capital earnings in 2013
Rappler - 2013-10-18
Others that are lined up include Travellers International Hotel Group (to raise about P20.3 billion), Harbor Star Shipping Services Inc. (about P460 million).

Ongpin-led San Miguel stockholder to debut on PSE
Rappler - 2013-10-18
In a disclosure to the Philippine Stock Exchange on Thursday, October 17, San Miguel said the board of Top Frontier Investment Holdings Inc. has agreed on the application with the PSE to list without an immediate public sale of its shares. This and another ...

Foreign direct investments surge 227%
Sun Star - 2013-10-17
NET foreign direct investment (FDI) inflows increased by 227 percent to reach $533 million in July 2013 compared to the $163 million posted in the same month last year, the Bangko Sentral ng Pilipinas (BSP) said. This reflected the continued confidence of ...

San Miguel Corp. major shareholder Top Frontier to apply for PSE listing
GMA Network - 2013-10-17
San Miguel Corporation's major shareholder Top Frontier Investment Holdings Inc. will apply to be listed on the Philippine Stock Exchange by way of introduction. In a disclosure to the bourse on Thursday, SMC said that the board of Top Frontier approved ...

San Miguel rewards shareholders with stake in Ongpin company
interaksyon.com - 2013-10-17
MANILA - (UPDATED 5:41 p.m.) Top Frontier Investment Holdings Inc, a key shareholder of San Miguel Corporation (SMC), is set to list on the Philippine stock market by way of introduction. In a disclosure to the Philippine Stock Exchange, SMC said its ...

Romeros plan integrated casino resort in Cebu
interaksyon.com - 2013-10-16
The company however has yet to get license for the casino project. Romero said Globalport 900 Inc., which his family owns and operates port facilities in the Philippines, will develop a port terminal in Cebu. He said the project will be funded through ...

Globalport to invest P9 B for Mandaue global city
Philstar - 2013-10-16
MANILA, Philippines - Listed Globalport 900 Inc., through holding firm Sultan 900, is investing P9 billion to put up a global city in Mandaue in Cebu that would include a port complex, a mixed-use residential and commercial center as well as a casino and ...

Most businesses up and running in quake-hit Cebu
GMA Network - 2013-10-16
Lenders Citi Philippines, East West Banking Corporation, and Bank of the Philippine Islands announced that their branches in quake hit areas remain shuttered for safety reasons, according to separate bulletins. Maderazo said businesses were making ...

Galoc consortium strikes oil in new well off Palawan
interaksyon.com - 2013-10-16
Its partners are Galoc Production Company 2 Pte, Nido Petroleum Limited, Oriental Petroleum and Minerals Corporation and Linapacan Oil Gas and Power Corporation, The Philodrill Corporation and Forum Energy Philippines Corporation.

Sultan 900 investing P9b to develop new port complex in Cebu
Manila Standard Today - 2013-10-16
Sultan 900, the holding company of Globalport 900 Inc., is investing at least P9 billion to put up a port complex in Mandaue, Cebu. Globalport president Michael Romero said the global city project would include a port complex, a mixed-use residential and ...

Robinsons Retail cuts IPO price
Manila Standard Today - 2013-10-15
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei group, has lowered the price range for its initial public offering by as much as 57 percent. ATR KimEng Capital Partners Inc. executive director Denis Du said Monday Robinsons Retail set an ...

King King mine developer plans to list shares
Malaya Business Insight - 2013-10-15
Jollibee Foods Corp. said profit for the first nine months of the year rose 10 percent to P4.37 billion from P3.97 billion in the same period in 2015. For six years in a row, green developer ArthaLand has been recognized for its environmental ...

Mercury Drug owner is top taxpayer in 2012 - BIR
News Philippines Yahoo - 2013-10-14
Gozon ranked 41st after paying the BIR P20.905 million, while GMA's president and chief operating officer Gilberto R. Duavit Jr. ranked 61st for settling P18.24 million in taxes. ABS-CBN Corp.'s Oscar Lopez paid P33.47 million and made it to the 17th spot.

Berjaya PH acquires control of UK car dealer
Rappler - 2013-10-14
MANILA, Philippines - Investment holding company Berjaya Philippines acquired a controlling stake in British car dealer HR Owen. In a disclosure to the stock exchange Monday, October 14, Berjaya PH said it acquired 17.47 million shares or 69.74% of HR ...

Smart-Globe race for faster internet connection heats up
Rappler - 2013-10-13
MANILA, Philippines - The race is heating up between rivals Smart Communications Inc. and Globe Telecom Inc. to provide subscribers with faster internet connection. Both are continuing to roll out 4th generation (4G) infrastructure for the long term ...

First Gen issues $250-M 10-year bonds
Philstar - 2013-10-11
MANILA, Philippines - First Gen Corp., the power generation arm of the Lopez Group, successfully issued yesterday $250 million worth of 10-year bonds, the company said in a disclosure to the stock exchange. First Gen said from proceeds from the Singapore ...

Del Monte Pacific buys Del Monte Foods for $1.675B
News Philippines Yahoo - 2013-10-11
Fruit grower and canner Del Monte Pacific Limited is cementing its position as an exporter, particularly to the US market, by acquiring the consumer food business of privately-held US firm Del Monte Foods for $1.675 billion. On Friday, Del Monte Pacific ...

Concepcion Industrial gets SEC okay for P2.7-B IPO
Philstar - 2013-10-10
MANILA, Philippines - Appliance maker Concepcion Industrial Corp. has moved a step closer to going public and raise P2.7 billion from an initial public offering (IPO). In an en banc decision, the Securities and Exchange Commission said Concepcion ...

Melco-SM Group ushers in City of Dreams Manila
philstar.com - 2013-10-10
MANILA, Philippines - Macau-based casino giant Melco Crown Entertainment Ltd. is tapping a world-class brand for its $1.3-billion integrated casino project in the Philippines. The casino owner and operator is banking on attracting its wide network of Asian ...

P15-B renewable energy plants to be constructed in Negros
Rappler - 2013-10-10
The other investors are Thomas Llyod, Greenergy Holdings and China-based Wuxi Huagang, which is also the contractor building the plants. The investors funding the solar plant in San Carlos are Bronzeoak and ThomasLloyd. Contractors Conergy and Skema ...

Bourse clears Concepcion Industrial for IPO next month
interaksyon.com - 2013-10-10
MANILA - The Philippine Stock Exchange (PSE) yesterday gave the go-signal for Concepcion Industrial Corporation to undertake its initial public offering (IPO) next month, making the company the eighth firm to go public this year. A memorandum posted on the ...

PH stock market bounces back on signs of end to US fiscal woes
interaksyon.com - 2013-10-10
Top gainers were Euro-Med, MJCI Investments and Asia Amalgamated, while the biggest losers were 8990 Holdings, Greenergy Holdings and Wellex Industries. "Exactly a week to the debt ceiling deadline, markets remain hopeful whilst on an uneasy footing," said ...

Lower Meralco bills in Oct
Rappler - 2013-10-10
MANILA, Philippines - Customers of Manila Electric Company (Meralco) will see lower electricity bills this month due to the decline in the generation charge as well as other charges. Power rates will go down by a total of P0.54 per kilowatt-hour (kWh).

Melco names casino complex 'City of Dreams Manila'
Rappler - 2013-10-09
MANILA, Philippines - Henry Sy-led Belle Grande and Macau Casino developer Melco Crown Entertainment branded their casino and entertainment complex City of Dreams Manila. Scheduled to open mid-2014, the Manila integrated complex will be the second casino ...

As coal business sags, Semirara looks to power to boost profit
interaksyon.com - 2013-10-09
Semirara, through its parent firm DMCI Holdings Inc, acquired the Calaca plant from the state auction block in 2009 for $361.7 million. The facility's original 600-megawatt capacity had gone down to 340 megawatts after years in government's hands but ...

Winning bidder for LRT, MRT common ticket project known next month
interaksyon.com - 2013-10-09
E-Trans Solutions Joint Venture is led by East West Banking Corporation, while Megawide-Suyen-Eurolink Consortium will tap the expertise of Singapore's EZ Link Pte Ltd. The P1.72 billion Automated Fare Collection System (AFCS) would put in place a scheme ...

Manila North Harbor operator spending another P5 billion to expand terminal
interaksyon.com - 2013-10-09
MANILA - After completing a new passenger terminal, the private operator of the country's busiest seaport today said it will spend another P5 billion to expand the facility. On the sidelines of the inauguration of its new passenger terminal building ...

Kin of missing can now get benefits
beta.philstar.com - 2013-10-08
Lito Salvio, 2GO Group Inc. assistant vice president, announced this during the technical conference over the weekend. Salvio said that the relatives can claim the benefits as long as they can present all the needed valid documents of their missing loved ones.

SEC clears Concepcion Industrial's IPO
interaksyon.com - 2013-10-08
Four companies -- Philippine Business Bank, Asia United Bank, Del Monte Pacific Ltd and AG Finance Inc -- have gone public this year, while Travellers International Hotel Group Inc, Robinsons Retail Holdings Inc and Harbor Star Shipping Services Inc are ...

As expiry of gaming license nears, Berjaya PH mulls transport business venture
interaksyon.com - 2013-10-08
We have to diversify into other businesses," Lim Meng Kwong, Berjaya Philippines Inc president, told reporters on the sidelines of the company's stockholders meeting today. Berjaya Philippines owns Philippine Gaming Management Corporation (PGMC), which is ...

Philex cancels share sale, opts to fully draw on First Pacific credit line
interaksyon.com - 2013-10-08
MANILA - Philex Mining Corporation is no longer pursuing the sale of additional shares, opting instead to fully use credit made available earlier by its Hong Kong-based parent company. In a disclosure to the Philippine Stock Exchange, the country's biggest ...

Filinvest offers condo units worth P18.2m each
Manila Standard Today - 2013-10-08
Filinvest Alabang Inc., a unit of Filinvest Development Corp. of business tycoon Andrew Gotianun, may generate as much as P6 billion in sales from a newly-launched three-tower development in Filinvest City in Alabang. Called Botanika Nature Residences ...

Calata to distribute animal feed made by China's New Hope PHL unit
News Philippines Yahoo - 2013-10-07
Publicly listed Calata Corporation will distribute its own brand of animal feed made by the Philippine unit of China's New Hope Group. In a disclosure to the Philippine Stock Exchange, Calata note it "... has partnered with the New Hope Group to ...

Bourse reclassifies Alphaland as property, STI as education
interaksyon.com - 2013-10-07
MANILA - The Philippine Stock Exchange (PSE) is set to change the sectoral classification of Alphaland Corporation and STI Education Systems Holdings Inc beginning next week. In a memorandum, the local bourse said Alphaland will be transferred from ...

Filinvest ventures into high-end condo market
interaksyon.com - 2013-10-07
FAI, the developer of the 244-hectare Filinvest City, is a 20 percent-owned affiliate of listed Filinvest Land Inc. (FLI). Botanika Nature Residences is the first offering under the Exclusive Collection, the "highest end category" in the Filinvest group ...

Grand Plaza Hotel Corp (GPH)
investing.com - 2013-10-06
Risk Disclosure: Fusion Media will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and ...

The man most everyone loves to hate
Inquirer Lifestyle - 2013-10-05
The issue became more complicated when talk about the flawed contract between the MMDA and the Uniwide Holdings Inc. surfaced, with the latter being embroiled in a long-standing legal dispute with several corporations. The MMDA, in its March 2013 contract ...

Tripmoba.com lets you book everything you need in one cool travel site
philstar.com - 2013-10-05
All these pre-travel woes are banished with the launched of the first Filipino and Philippines-focused travel engine, tripmoba.com. Tripmoba.com is a revolutionary portal development by e-commerce company Transnational eGlobal, Inc. (TeGI), a member of the ...

COCKTALES | With eyes on 2016, Kris Aquino establishes base in Tarlac
interaksyon.com - 2013-10-05
The Bank of the Philippine Islands has been ordered by a Makati court to reimburse the listed Philcomsat Holdings P102 million in deposits plus interest that had been dubiously withdrawn by the previous GMA-PCGG holdover directors. Makati Regional Trial ...

Robinsons Retail to raise P42B in IPO
Rappler - 2013-10-05
MANILA, Philippines - Robinsons Retail Holdings Inc., the retail arm of the Gokongwei ... Editor's Note: In a previous version of the story, we mistakenly used the headline "Robinsons Retail to raise P25B in IPO." We changed this to reflect the P42B ...

First Gens bonds get strong interest
Manila Standard Today - 2013-10-04
First Gen Corp. said Thursday its $250-million bond issue garnered strong interest among international investors. Please be advised that First Gen today [Thursday] priced a $250 million 10-year non-call 5 senior unsecured bond issue at a fixed coupon of 6 ...

Greenergy buys tourism, IT firms
Manila Standard Today - 2013-10-04
Listed Greenergy Holdings Inc. is investing in agri-tourism and information technology as part of a diversification program. Greenergy, formerly Music Semiconductors Philippines Inc., said in a disclosure to the stock exchange it signed an agreement to ...

Metro Pacific, DOTC agree to form joint venture for NLEX-SLEX Connector Road
interaksyon.com - 2013-10-03
MPIC to formally submit a proposal," Abaya said in a text message. Under the joint venture, state-run Philippine National Construction Corporation (PNCC) would take a 10 percent stake while MPIC will get the remaining 90 percent. MPIC is the parent firm ...

Malampaya Gas Project Training Center opened
Manila Bulletin - 2013-10-02
The Malampaya Deep Water Gas-to-Power Project recently opened the Malampaya HSSE (Health, Safety, Security and Environment) Training Center in Clark Freeport Zone, Pampanga. The facility offers world-class training on HSSE to equip local workers with ...

Bank celebrates 74 years through Filipino Art
Manila Standard Today - 2013-09-29
As it celebrates its 74th year, the Philippine Bank of Communications (PBCOM) celebrates Philippine art by teaming up with University of the Philippines Artists Circle Alumni Association (UPACA) for Filipino Art: Culture, Tradition, And Evolution ...

Pagbilao plant to add 400MW capacity
Rappler - 2013-09-29
Puno said 70% of the cost will be financed through bank loans and the rest will be shouldered by Team Energy and Aboitiz Power Corporation. Team Energy is a joint venture between Marubeni and another Japanese firm, Tokyo Electric Power Corp. Aboitiz Power ...

Aquino revamps DOF, DOE; bares new appointments
Philippine Daily Inquirer - 2013-09-28
Defensor; and Alex B. Brillantes Jr., replacing Nona S. Ricafort. Members of the board of directors of the Philippine National Construction Corporation are Elpidio C. Jamora Jr. (replacing Rainier Butalid), Cristino L. Panlilio, (replacing Thomas G.