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.

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.

Palace appoints former Ramos, Arroyo protocol head
Manila Standard Today - 2013-09-28
and Romeo Alip as members of the Board of Trustees of the GSIS - Elpidio Jamora Jr. as chairman of the Philippine National Construction Corporation and Cristino Panlilio, Rosanna Escareal-Velasco, and Tomas Falgui III as members of the Board of Directors ...

Sofitel gears up for Oktoberfest
philstar.com - 2013-09-27
MANILA, Philippines ... Inc., Green Amenities Supply, Emborg, Argonauta Boracay, Peacock Garden-Bohol, The Manor-Baguio, Polaris Resort-Cabilao, El Rio Y Mar-Palawan, Asia Grand View-Palawan, Crimson Resort-Cebu, Atlantis-Puerto Galera, Pacifica Dive ...

NEW APPOINTEES | Ex-Ambassador to Israel to head PH hosting for APEC in 2015
interaksyon.com - 2013-09-27
Elpidio Jamora Jr. as chairman of the Philippine National Construction Corporation and Cristino Panlilio, Rosanna Escareal-Velasco, and Tomas Falgui III as members of the Board of Directors; Juan Santos as chairman and Emilio de Quiros Jr. as president of ...

Harbor Star cuts initial public offering price to P1.88 per share
Manila Standard Today - 2013-09-27
Harbor Star Shipping Services Inc., a tugboat operator planning to conduct an initial public offering next month, further reduced its IPO price to P1.88 from an original P3.27 apiece. We would like to inform the Philippine Stock Exchange that the final ...

Did ISAFP chief swap case vs. 'traitor' AFP officer for the truth behind Jonas Burgos abduction?
interaksyon.com - 2013-09-25
My son, Jonas Joseph T. Burgos was abducted on April 28, 2007 at the Bahay Kainan Restaurant in the Ever Gotesco Mall while he was alone ... I met with Gen. Bangit as ISAFP chief at the Camp Crame office of Police Director then head of Task Force Usig ...

Burgos mother fails to convince CA on Año
Rappler - 2013-09-25
Año was the intelligence chief of the army when Jonas was abducted. Jonas Burgos was abducted in 2007 at the Hapag Kainan Restaurant in the Ever Gotesco Mall. Then 43, Jonas Burgos is the son of press freedom icon Joe Burgos. He remains missing.

Zest-O's Yao group buys Maybank ATR Kim Eng
Rappler - 2013-09-25
When listing plans were announced, the group has just successfully listed Philippine Business Bank (PBB), generating P3.2 billion in proceeds, and was mulling ways to raise funds for airline Zest Air. Zest Air later entered into a share-swap deal with ...

JG, San Miguel in talks over Meralco
Rappler - 2013-09-25
San Miguel Corporation, which owns 27.1% of the power retailer, confirmed reports to the stock exchange on Wednesday, September 25, that it is in talks with Gokongwei-led JG Summit Holdings Inc. for a Meralco deal. "We advise that the company is in talks ...

Sarmiento family still controls Vitarich
Rappler - 2013-09-25
MANILA, Philippines -- Management control of pioneer integrated poultry producer Vitarich stays with the Sarmiento family after a debt-to-equity swap with Kormasinc, Inc. The debt-to-equity conversion has reduced the company's previous P3.25-billion debt ...

Manila Water files for arbitration over rate cut
Rappler - 2013-09-24
MANILA, Philippines - Ayala-owned Manila Water Co. Inc. has filed a case for arbitration against Metropolitan Waterworks ... of Commerce (ICC), nearly two weeks after MWSS ordered the company and another concessionaire, Maynilad Water Services Inc ...

Stocks close lower as markets await Fed move
Philstar - 2013-09-24
Decliners outpaced advancers 83 to 56, while 43 issues remained the same. Millennium Global Holdings, Inc., Agrinurture Inc. and IP-EGame Ventures, Inc. gained the most while Mabuhay Vinyl Corp., Vitarich Corp. and Solid Group Inc. posted the biggest loss.

SEC approves capital hike for Manila Jockey's property unit
interaksyon.com - 2013-09-24
In a disclosure to the Philippine Stock Exchange, MJC Investments Corp said the Securities and Exchange Commission on Monday approved the increase in the company's authorized capital stock from P1.5 billion to P5 billion. The capital increase will allow ...

Vitarich selling non-core assets to settle debt
interaksyon.com - 2013-09-24
MANILA - Vitarich Corp plans to sell its non-core assets to pay off its remaining obligations in a bid to become profitable in two years as well as reclaim the feeds producer's old glory. In a briefing today, Vitarich chief operating officer Ricardo ...

Save Pasig to run across the Pacific
Manila Standard Today - 2013-09-24
At a media conference, Gina Lopez, managing director of ABS-CBN Broadcasting Corp. Foundation, said they have come up with a more aggressive drive for cleaner waterways and will stage One Run, One Philippines to be held simultaneously on Oct. 6 ...

Vitarich board agrees to convert P2.3-b debt
Manila Standard Today - 2013-09-24
Poultry and feeds producer Vitarich Corp. said Monday its board approved the conversion of P2.3 billion worth of debt to Kormasinc Inc. into equity. Vitarich said in a disclosure to the stock exchange it planned to convert the debt into equity at a ratio ...

Property tycoon cements control of Emperador backdoor listing vehicle
Inquirer - 2013-09-23
In a disclosure to the Philippine Stock Exchange, AGI said it had agreed to purchase 1.43 billion additional shares in TSI - to be renamed Emperador Inc. - from the previous majority owner Shiok Success International Ltd. and Dew Dreams International ...

Metrobank Foundation awards young artists and designers, the new gems of Philippine art and design
interaksyon.com - 2013-09-23
The program MADE, which aims to promote a culture of excellence, is an art and design competition of the Metrobank Foundation which started to recognize artistic talents since 1984. "The Metrobank Foundation, through MADE program, has always been in ...

Govt awards P16-M contract for Batangas port study
Rappler - 2013-09-22
MANILA, Philippines - The Philippine Ports Authority (PPA) tapped a joint venture to study how to maximize use of the Batangas port as part of efforts to decongest the Port of Manila. The joint venture between Science & Vision for Tech Inc. and Syconsult ...

AGI pegs Emperador offer price at P8.98/share
philstar.com - 2013-09-21
Emperador is the fifth listed firm of property tycoon Tan. Investment holding firm AGI and property developers Megaworld Corp., Suntrust Home Developers Inc. and Empire East Land Holdings Inc. are already public companies. Early last month, Emperador ...

Asis, Michael Demetrius H., Ph.D.
ateneo.edu - 2013-09-20
M.A. in Theological Studies, Loyola School of Theology, 1995. A.B. in Communication Arts, Ateneo de Manila University, 1985. "I Am Because We Are," Agenda for Hope Column, BusinessWorld, Opinion Page, 25 May 2010, sec.1, p. 5. "Exploring the ...

Berjaya unit suffers 40% profit drop, nears buyout of car dealer
Philstar - 2013-09-19
MANILA, Philippines - Depressed revenues and higher operating expenses weighed down the performance of the local unit of Malaysian conglomerate Berjaya Corp. Bhd. in the first quarter of its fiscal year. In a regulatory filing, Berjaya Philippines Inc ...

Emperador Distillers eyes P20 B from backdoor listing
philstar.com - 2013-09-19
Tan. Flagship investment firm AGI and property developers Megaworld Corp., Suntrust Home Developers Inc. and Empire East Land Holdings Inc. are already public firms. Early last month, Emperador Distillers committed to invest P5.8 billion in Spain as part ...

Guimaras wind project gets P600m
Manila Standard Today - 2013-09-18
Trans-Asia Oil and Energy Development Corp. said Wednesday it disbursed P600 million from the proceeds of its stock rights offering to partly finance the construction of the 54-megawatt wind power project in San Lorenzo, Guimaras. Trans-Asia said in a ...

Semirara forms 2 units for Batangas projects
philstar.com - 2013-09-18
Semirara Mining is owned by DMCI Holdings Inc. of the Consunji Group. It is a publicly listed company that has significant coal resources and reserves to supply a growing demand for clients in various areas including Cebu and Panay. Last May, Semirara ...

PSEi trades sideways ahead of US Fed meeting results
interaksyon.com - 2013-09-18
Most actively traded stocks were Ayala Land, Alliance Global, PLDT, LT Group and Metrobank. Top gainers were IMI, Mabuhay Vinyl and LMG, while the biggest losers were MJCI, ATN B and Greenergy. "The market traded sideways. We're just waiting for the Fed ...

Cebu Holdings assumes Taft Punta rights of ALI
Manila Standard Today - 2013-09-18
Ayala Land Inc., the biggest property developer in the Philippines, said Tuesday it transferred a proposed mixed-use development project in Mactan, Cebu, to Cebu-based unit Cebu Holdings Inc. Ayala Land said in a disclosure to the stock exchange it ...

Harbor Star readies IPO
Manila Standard Today - 2013-09-18
Tugboat operator Harbor Star Shipping Services Inc. is pushing through with its planned initial public offering next month, but opted to reduce its maximum offer price to P2.57 per share due to current market conditions. Harbor Star said in a letter to the ...

Globe: Home security systems causing Makati signal issues
Rappler - 2013-09-18
MANILA, Philippines - Globe ... Inc. sent out an announcement Wednesday, September 18, informing the public that aside from illegal signal repeaters, high-intensity radio frequency identification (RFID) systems used for home security are causing signal ...

Ayala Land assigns Mactan joint venture rights to Cebu Holdings
GMA Network - 2013-09-17
Ayala Land Inc. (ALI) on Tuesday said it assigned the rights to a joint venture project, a joint venture mixed-use development in Mactan Island, to affiliate Cebu Holdings Inc. (CHI). In a disclosure to the Philippine Stock Exchange, ALI said Cebu Holdings ...

LRWC beefing up casino business with Pagcor deal
philstar.com - 2013-09-17
MANILA, Philippines - Hotel and recreation firm Leisure & Resorts World Corp. (LRWC) is beefing up its casino business by luring more foreign gamers. In a regulatory filing, LRWC said its its wholly-owned subsidiary, Prime Investment Korea Inc. (PIKI), and ...

Tugboat operator revives IPO, but cuts share price
interaksyon.com - 2013-09-17
MANILA - Harbor Star Shipping Services Inc will pursue its initial public offering (IPO) but the tugboat operator cut the offer price because of the volatility in the financial markets. In a September 16 letter to the Philippine Stock Exchange, Harbor Star ...

Tugboat operator revives IPO, but cuts share price
interaksyon.com - 2013-09-17
MANILA - Harbor Star Shipping Services Inc will pursue its initial public offering (IPO) but the tugboat operator cut the offer price because of the volatility in the financial markets. In a September 16 letter to the Philippine Stock Exchange, Harbor Star ...

Leisure & Resorts taps foreign gaming mart
Manila Standard Today - 2013-09-17
Leisure & Resorts World Corp. said Monday it is strengthening the casino operation of the 240-room Midas Hotel and Casino by tapping the foreign gaming market. Leisure & Resorts said in a disclosure to the stock exchange wholly-owned unit Prime Investment ...

In Bacolod, sweet tests of skills for student chefs
Philippine Daily Inquirer - 2013-09-16
Cian Ohm, Mark Joseph Rosales and Glydyl Lotayo of La Consolacion College (LCC)-Bacolod received a diploma. The students were manning the kitchen most of the time on the first day of this culinary tournament and this really made the trip to Bacolod worth ...

LRWC boosts junket casino offering at Midas Hotel
interaksyon.com - 2013-09-16
MANILA - Leisure and Resorts World Corp (LRWC) has strengthened its junket gaming operations at Midas Hotel and Casino along Roxas Boulevard in Pasay City in a bid to tap foreign markets. In a disclosure to the Philippine Stock Exchange, LRWC said its ...

LRWC boosts junket casino offering at Midas Hotel
interaksyon.com - 2013-09-16
MANILA - Leisure and Resorts World Corp (LRWC) has strengthened its junket gaming operations at Midas Hotel and Casino along Roxas Boulevard in Pasay City in a bid to tap foreign markets. In a disclosure to the Philippine Stock Exchange, LRWC said its ...

Atok, Intex 'agree' not to sue each other
Rappler - 2013-09-16
MANILA, Philippines - Mining partners Atok-Big Wedge Co. Inc. and Norwegian firm Intex Resources AS, are no longer suing each other over a botched sale agreement involving Intex's Mindoro Nickel Project. This was according to a September 16 statement of ...

PSE issues draft rules on backdoor listing
Rappler - 2013-09-16
Backdoor listing, as defined by the Securities Regulation Code ... Group Inc., the holding company of beer and tobacco tycoon Lucio Tan, and Lucio Co's Cosco Capital Inc. The companies were listed through Tanduay Distillers Inc. and Alcorn Gold Resources ...

Midas Hotel luring foreigners in gambling junket deal
GMA Network - 2013-09-16
In a disclosure to the Philippine Stock Exchange on Monday, Leisure & Resorts World Corp. said its wholly-owned subsidiary Prime Investment Korea Inc. signed a supplement junket agreement with Philippine Amusement and Gaming Corporation (PAGCOR ...

Philippine Airlines to launch London flights in November
E TN Global Travel Industry News - 2013-09-16
PAL Holdings, Inc., which operates PAL, saw losses widen by 32.9% to P499.847 million in the first quarter of its April-March fiscal year from P376.006 million in the same three-month period in 2012, due to less passenger revenues.

Ongpin-led Atok loses bid for Mindoro mine
Rappler - 2013-09-15
MANILA, Philippines - The Court of Appeals favored Norwegian firm Intex Resources ASA in the case filed by Atok-Big Wedge Co., a mining firm of Filipino billionaire Roberto Ongpin. At stake is a nickel mining project in the province of Mindoro that Atok ...

Ongpin-led Atok loses bid for Mindoro mine
Rappler - 2013-09-15
MANILA, Philippines - The Court of Appeals favored Norwegian firm Intex Resources ASA in the case filed by Atok-Big Wedge Co., a mining firm of Filipino billionaire Roberto Ongpin. At stake is a nickel mining project in the province of Mindoro that Atok ...

Woman ahead of her time, the original multimedia star chef
Philippine Daily Inquirer - 2013-09-15
She paid tribute to two people who championed Filipino food, Dr. Felix Maramba, founder of Liberty Flour Mills; and Engracia C. Reyes, founder of Aristocrat Restaurant. Daza was a multimedia star even before the word was invented. Aside from her popular TV ...

NASA sends drones to track hurricanes' secrets
Rappler - 2013-09-15
WALLOPS ISLAND, USA - A pair of converted military drones are the US space agency's newest tools for tracking hurricanes and tropical storms, with the aim of improving forecasters' ability to predict them. Originally built for military reconnaissance ...

Woman ahead of her time, the original multimedia star chef
Philippine Daily Inquirer - 2013-09-14
She paid tribute to two people who championed Filipino food, Dr. Felix Maramba, founder of Liberty Flour Mills; and Engracia C. Reyes, founder of Aristocrat Restaurant. Daza was a multimedia star even before the word was invented. Aside from her popular TV ...

Berjaya unit sweetens offer to acquire luxury car dealer
philstar.com - 2013-09-14
MANILA, Philippines - The local unit of Malaysian conglomerate Berjaya Corp. has sweetened and extended anew its offer to take over a British luxury car distributor. In a regulatory filing, Beryaja Philippines Inc. said it acquired an additional 2.35 ...

Bloomberry fires casino team
Manila Standard Today - 2013-09-14
Bloomberry Resorts Corp., owner and operator of Solaire Resort & Casino, said Friday it terminated a management agreement with Global Gaming Philippines because of material breach of contract. Global Gaming provides management services to Solaire Manila ...

Solaire Manila owner kicks out its casino operator, but partner files suit in Singapore
interaksyon.com - 2013-09-13
"GGAM has not spent any material time in attending to the management of Solaire and has failed to perform its obligations and deliverables under the management services agreement," Enrique Razon-led Bloomberry Resorts Corp said in a disclosure to the ...