Bourse lifts trading suspension on PAL Holdings
interaksyon.com - 2013-07-11
MANILA - (UPDATED 3:18 p.m.) The Philippine Stock Exchange (PSE) has lifted its trading suspension on PAL Holdings Inc shares effective tomorrow after the airline operator complied with the bourse's minimum public ownership requirement. In a disclosure ...

Philodrill bags service contract for oil, gas prospect between Palawan, Calamian Islands
interaksyon.com - 2013-07-11
MANILA - Philodrill Corp bagged a government contract to explore and develop oil and gas resources in an offshore area between mainland Palawan and the Calamian Islands. In a disclosure to the Philippine Stock Exchange, Philodrill said it signed a service ...

Empire East, Okada still in talks over housing project
Manila Standard Today - 2013-07-11
Empire East Land Holdings Inc. said Wednesday it remains in talks with the Okada group for the residential component of the planned integrated casino and resort project in Entertainment City in Paraaque. Empire East president Charlemagne Yu said in an ...

EU lifts ban on Philippine Airlines
Philippine Daily Inquirer - 2013-07-11
The European Union has lifted a ban on Philippine Airlines (PAL) flying into its airspace after the national carrier resolved aviation safety concerns, the EU ambassador to Manila said on Wednesday. "Today the EU has decided to lift the air ban on ...

Lotte raises Pepsi stake
Manila Standard Today - 2013-07-11
Lotte Chilsung Beverage Co. Ltd. of South Korea said Wednesday it raised its stake in local softdrink maker Pepsi-Cola Products Philippines Inc. to 38.88 percent. Lotte Chilsung said in a filing with the stock exchange it acquired an additional 165.658 ...

EU partially lifts ban on entry of Philippine planes after Manila fixes safety concerns
Minneapolis Star Tribune - 2013-07-10
EU Ambassador to Manila Guy Ledoux said that the decision, which takes effect on Friday, will allow flag carrier Philippine Airlines to resume flights to Europe. More safety improvements will have to be made for other Philippine carriers, like budget ...

Okada, Tan still in talks on property deal
Rappler - 2013-07-10
Tan's Empire East Land Holdings Inc. signed in 2012 a joint venture agreement with Okada's Tiger Resort Leisure and Entertainment Inc. and Eagle 1 Landholdings Inc. for "a majority stake in the development" of a residential condominium complex in the ...

Harbor Star Shipping defers IPO to September
GMA Network - 2013-07-10
Port services provider Harbor Star Shipping Services Inc. has deferred its P593-million initial public offering (IPO) to September due to "current market conditions." In a memorandum posted on the Philippine Stock Exchange, Harbor Star requested that its ...

Ayala Land, Puregold in supermarket joint venture
Rappler - 2013-07-09
In a statement Monday, July 8, Ayala Land Inc. (ALI) said its subsidiary Varejo Corp. entered in a joint venture deal with Estenso Equities Inc. (EEI), a subsidiary of Co-led Puregold Price Club Inc. The joint venture would put up "mid-market" supermarkets ...

Jolliville eyes $75-M hydro plants
Philstar - 2013-07-08
MANILA, Philippines - Listed holding firm Jolliville Holdings Inc. plans to pursue two new hydropower projects with a generation capacity of 20 megawatts (MW) worth as much as $75 million. The company aims to initially ride on the increasing energy demand ...

TPG Said Near Deal to Purchase Envision Pharmaceutical
Bloomberg - 2013-07-08
TPG Capital, the private-equity firm started by David Bonderman and Jim Coulter, is close to an agreement to buy pharmacy-benefits manager Envision Pharmaceutical Holdings Inc ... bought Medco Health Solutions Inc. last year for $29.1 billion, which ...

PNOC-EC delisted because of failure to lift a finger on public ownership deficiency, PSE says
interaksyon.com - 2013-07-06
Last week, the SEC granted Nextstage Inc, Philcomsat Holdings Corp and PAL Holdings Inc a one-month extension to meet the rule, but their shares will remain under trading suspension during the period. These three firms have moved to hike public ownership ...

PSE suspends Gotesco trading
Manila Standard Today - 2013-07-06
The Philippine Stock Exchange on Friday suspended the trading of shopping mall developer Ever-Gotesco Resources and Holdings Inc. The PSE said in a memorandum it implemented the trading suspension on Ever-Gotesco starting Friday, after the Securities and ...

Trading of Ever Gotesco shares suspended
Inquirer - 2013-07-05
The Securities and Exchange Commission has stripped mall developer Ever-Gotesco Resources & Holdings Inc. of its registration and permit to sell securities, thus causing the suspension of trading of its shares at the Philippine Stock Exchange. In a ...

Ever Gotesco loses permit to sell securities, suspended by PSE
Inquirer - 2013-07-05
MANILA--The Securities and Exchange Commission has stripped mall developer Ever-Gotesco Resources & Holdings Inc. (Ever) of its registration and permit to sell securities, leading to the suspension of trading in its shares of stock on the Philippine Stock ...

Govt allows Philex to continue operations
Rappler - 2013-07-05
MANILA, Philippines (UPDATED) - The environment department has allowed Philex Mining Corp to continue temporary operations in Benguet mountain province while government regulators review rehabilitation plans for the gold and copper mine's damaged tailing dam.

Lucio Tan-led Victorias Milling invests in allied biz
Rappler - 2013-07-05
MANILA, Philippines - The largest sugar mill operator in the Philippines got the corporate regulator's nod to expand into allied businesses for products or services it uses for its own or plans to sell to others. In a disclosure on July 4, Victorias ...

PSE suspends Ever-Gotesco stock trading
Rappler - 2013-07-05
MANILA, Philippines - The Philippine Stock Exchange (PSE) has suspended the trading of the shares of shopping mall developer Ever-Gotesco Resources and Holdings Inc, after the Securities and Exchange Commission (SEC) ordered the suspension of the company ...

Hydro plant project gets P1.1-B loan
Philstar - 2013-07-04
Formed in April 2009, Ormin is based in Calapan City in Oriental Mindoro. It is a subsidiary of listed company Jolliville Holdings Corp. According to DBP, the power project would help augment power supply in the province, providing stable electricity to ...

Uniwide sues for more time to respond to SEC dissolution order
interaksyon.com - 2013-07-04
MANILA - Uniwide Holdings Inc is suing for more time to avert its closure. The Gow family-owned retailer told the Philippine Stock Exchange on Wednesday that it asked the court hearing its rehabilitation for more time to file its motion to review its ...

Pension fund GSIS invests in casino project
Rappler - 2013-07-04
MANILA, Philippines (UPDATED) - State-run pension fund Government Service Insurance System (GSIS) invested P800 million in the soon-to-rise Belle Grande Integrated Resort and Casino project at the Entertainment City in Pasay. In a disclosure on Thursday ...

Probe sought into Maynilad, Manila Water P15.5B pass-on charges
Philippine Daily Inquirer - 2013-07-04
... on charges of billions of pesos in income tax payments to consumers by Maynilad Water Services Inc. and Manila Water Company Inc. Recto filed House Resolution No. 4, directing the Senate committee on public services to ...

Luxury and privacy
Manila Standard Today - 2013-07-03
Santi Elizalde of Roxaco Land Corp., the property development arm of Roxas and Company Inc., says the companys vision for the property is distinctly Filipino but global with the goal of putting Tagaytay in the map of the international resort scene.

Jolliville obtains P1.1-b loan
Manila Standard Today - 2013-07-03
Renewable energy developer Ormin Power Inc., a unit of Jolliville Holdings Corp., obtained a P1.1-billion loan from the state-run Development Bank of the Philippines to fund its hydroelectric project in Oriental Mindoro province. The proceeds of the loan ...

PSEi stays below 6,500-mark as markets await US jobs data
interaksyon.com - 2013-07-03
The day's biggest gainers were GlobalPort, ATN Holdings, Cyber Bay, Philodrill and Jollibee, while the top losers were Millenium Global, Philippine Racing Club, Ever-Gotestco, TKC Steel and Centro Escolar University. "The index made a brief incursion of ...

Hagdang Bato Rules PCSO Silver Cup
Manila Standard Today - 2013-07-03
Hagdang Bato was sent off as the superhypermegaoutstanding favorite and not only won but totally obliterated the rest of the field in the 2,000-meter race held at the Philippine Racing Club, Inc.s Santa Ana Park in Naic, Cavite. Owned by re-elected ...

Agri firm Calata Corp. to open 1,000 retail stores nationwide
GMA Network - 2013-07-03
Bulacan-based farm input distributor Calata Corporation is set to open 1,000 retail outlets nationwide to increase revenues and stabilize its customer base. Calata, the country's largest distributor of feeds, fertilizers and agrochemicals, currently has ...

DMCI lone qualified bidder
Manila Standard Today - 2013-07-02
DMCI Power Corp., a unit of DMCI Holdings Inc., was declared the lone qualified bidder for the construction, operation and maintenance of a 15-megawatt diesel power plant in Calapan, Oriental Mindoro. DMCI Power said it was the lone qualified bidder during ...

Century Properties expanding portfolio
Philstar - 2013-07-02
MANILA, Philippines - Century Properties Group Inc. is expanding its project portfolio to take advantage of the growth in the commercial, office and tourism segments. Developments of business process outsourcing (BPO) offices, resorts and malls will ...

Ayala energy unit gets P7-B loan for Calaca plant expansion
Rappler - 2013-07-02
The new capacity will beef up Luzon's energy supply as demand in the grid may increase to around 10,600 MW by 2020. SLTEC is a joint venture between AC Energy and Phinma-led Trans-Asia Oil and Energy Development Corp. - Rappler.com

Macau's gambling junket operators branch out
GMA Network - 2013-07-02
"For future investments we would look to expand in different areas, particularly property, finance and media. We would look to list other ... sponsored a high profile poker tournament this month, while Dore Holdings announced it was buying a majority ...

SC: No TRO yet on water price hike
Rappler - 2013-07-02
sought by various water consumer groups to stop the impending water price hike by Manila Water Company Inc., (MWCI) and Maynilad Water System (MWSI). Spokesperson Theodore Te said the High Court met en banc on Tuesday, July 2, but did not yet act on the ...

AG&P Closes Series C Equity Financing
Business Wire - 2013-07-02
We look forward to supporting the company in its growth plans." William Valtos Jr, Vice Chairman of ICCP, noted, "AG&P is a prime example of the competitiveness of Philippine companies in global markets. The equity fundraising attracted a number of ...

Anscor increases stake in AG&P
Manila Standard Today - 2013-07-02
Soriano Corp. said Monday it is acquiring preferred shares in AG&P International Holdings Ltd. for $40 million. Anscor said in a disclosure to the stock exchange the acquisition of additional shares in the steel fabrication firm would increase the companys ...

Cirtek ups investment on R&D to reduce cost
Manila Standard Today - 2013-07-02
Publicly-listed Cirtek Holdings Philippines Corp. will focus on research and development this year to stay ahead of the curve and provide innovative and cost-effective solutions to customers. Cirtek said in a statement the semiconductor industry was ...

Harbor Star readies IPO
Manila Standard Today - 2013-07-01
Harbor Star Shipping Services Inc., a company that specializes in providing harbor services to port operators and shipping companies, plans to hold a initial public offering this month. Harbor Stars maiden offering is scheduled from July 22 to 26 ...

PAL Holdings gets SEC ok to hike capital
Rappler - 2013-07-01
These companies were given until June 30 to comply with the requirement. However, PAL Holdings, as well as two other non-compliant firms Philcomsat Holdings and Nextstage, were given by SEC until July 31 to comply.

Shipping logistics firm to launch IPO in July
Rappler - 2013-07-01
MANILA, Philippines - Shipping logistics firm Harbor Star Shipping Services Inc. is eyeing to hold an initial public offering (IPO) worth P593.8 million in July. In a memorandum posted on the Philippine Stock Exchange website on Monday, July 1, the firm ...

Tugboat operator Harbor Star aims for half-a-billion pesos from IPO later this month
interaksyon.com - 2013-07-01
MANILA - Harbor Star Shipping Services Inc is scheduled to conduct its maiden share sale later this month after securing the approval of the Philippine Stock Exchange (PSE) to go public. In a memorandum, the PSE said the tugboat operator will raise P593.83 ...

PSE to delist PNOC-EC
Philstar - 2013-06-30
Meanwhile, three other listed firms were given another month to comply. "The Securities and Exchange Commission gave Nextstage Inc., PAL Holdings Inc. and Philcomsat Holdings Corp. an extension of one month to comply with the minimum public ownership ...

Anya Resorts and Residences: A world-class resort
Philstar - 2013-06-29
Anya Resorts and Residences is the first truly world-class resort in ... Anya Resort and Residence is developed by Roxaco Land Corporation, the property development arm of Roxas and Company Inc. Roxaco has been a leading and trusted name in real estate ...

Arthaland sees Arya Residences sustaining strong profit growth
Philstar - 2013-06-29
MANILA, Philippines - Upscale developer Arthaland Corp. expects robust sales of its flagship project Arya Residences to continue to drive profit growth this year. Looking forward, the firm will venture into new projects in Metro Manila to arrest a possible ...

Roxas borrows P900m from AUB
Manila Standard Today - 2013-06-29
Roxas Holdings said in a disclosure to the stock exchange Friday the credit line consisted of omnibus lines of P450 million each to subsidiaries Central Azucarera Don Pedro Inc. in Batangas and Central Azucarera de Carlota Inc. in Negros Occidental.

UNA bets' contributors mostly relatives, family friends
Rappler - 2013-06-28
Rappler went through the list of contributors of each candidate under the UNA slate ... Michael Romero, chairman and CEO of Globalport 900 Inc gave P7 million. OKS Pinoy Inc, an authorized reseller of Smart Communications, contributed a total of P5 ...

PAL beats PSE deadline on 10% public float rule
philstar.com - 2013-06-28
has complied with the 10-percent minimum public float requirement of the Philippine Stock Exchange (PSE). In a disclosure, PAL Holdings Inc. assistant corporate secretary Ma. Cecilia Pesayco said the company has issued 2.415 billion common shares with a ...

Jollibee Foods Corporation Annual Stockholders Meeting
Balita - 2013-06-28
Tony Tan Caktiong (center), Chairman & Chief Executive Officer of Jollibee Foods Corporation, delivers his message on the ratification and annual report 2012 of the Board of Directors during the "Annual Stockholders Meeting" at the Philippine Stock ...

PSE delists PNOC-EC for inaction on minimum public ownership rule
interaksyon.com - 2013-06-28
The Securities and Exchange Commission en banc also granted Nextstage Inc, Philcomsat Holdings Corp and PAL Holdings Inc a one-month extension to meet the rule. However, their shares will remain under trading suspension during the period. Sicat said the ...

PSBank honors top basketeers
Manila Standard Today - 2013-06-27
As the University Athletic Association of the Philippines gears up for its 76th season, its best players are poised to hit the ground running and win the PSBank Maaasahan Player awards. PSBank, one of the UAAPs major sponsors, supports the countrys premier ...

Lopezes acquire additional ABS-CBN shares
Philstar - 2013-06-27
Last May 15, ABS-CBN announced that CIPEF agreed to subscribe to P2.5 billion worth of new PDRs priced at P43.225 per PDR to be issued by ABS-CBN Holdings Corp. which will in turn subscribe to the same number of newly issued common shares of ABS-CBN Corp ...

PAL Holdings beats public float deadline
Rappler - 2013-06-27
MANILA, Philippines - PAL Holdings Inc., parent of legacy carrier Philippine Airlines (PAL), announced Thursday, June 27 it was now compliant with the stock exchange's public float rule after selling shares. In a disclosure to the Philippine Stock Exchange ...