Le luxe de VIE Hotel
Sun Star - 2013-03-06
The French company-designed property gave VIE Hotel the look and feel of 21st century spirit of the city--vibrant and colorful, and injects exotic touches of the Thai culture. It introduces its guests to exclusive pleasure and sensory discoveries from the ...

Biomass project
Manila Standard Today - 2013-03-06
Biomass Holdings Inc., a unit of listed firm Greenergy Holdings Inc., released P667.5 million to San Carlos BioPower Inc. to start the construction of the 18-megawatt bagasse-fired power generation project in San Carlos City, Negros Occidental next month.

STAR columnist at Valencia lectures
Philstar - 2013-03-06
The lectures are held at the T. F. Valencia Media Study Center, T.M. Kalaw, Rizal Park, from 2:30 p.m. to 4 p.m. and sponsored by The Philippine Trust Company, Bangko Sentral ng Pilipinas, Smart Communication, Rizal Commercial Banking Corporation ...

Oriental Peninsula eyeing more mines
Rappler - 2013-03-05
MANILA, Philippines - Listed company Oriental Peninsula Resources Group Inc. (ORE) is looking to put up more nickel-iron mines over the next 5 years. "Athough we cannot be specific yet, definitely, in general, Oriental Peninsula will expand into more ...

Alsons to build Tampakan power plant
Manila Standard Today - 2013-03-05
Alsons Energy Development Corp., a unit of the Alcantara Groups Alsons Consolidated Resources Inc., will put up a $892-million, 400-megawatt dedicated power plant for Sagittarius Mines Inc.s Tampakan mining project in southern Mindanao. Alsons said in a ...

Cirtek sees higher sales
Manila Standard Today - 2013-03-04
Laguna-based outsourced semiconductor assembly and test company Cirtek Holdings Philippines Corp. said Monday it expects first-quarter net income and sales to increase 10 percent. Cirtek said in a disclosure to the stock exchange sales in the first quarter ...

Filinvest unit to spend P2-B for Boracay hotel
Rappler - 2013-03-04
MANILA, Philippines - FDC Hotels Corp., a Filinvest Development Corp. (FDC) subsidiary, will spend P2 billion to build a 5-star resort hotel in world-famous Boracay. In a statement, the Board of Investments (BOI) said it has approved FDC Hotels' plan to ...

Cirtek eyes 10 pct growth in sales, profit in 1Q
interaksyon.com - 2013-03-04
MANILA - Cirtek Holdings Philippines Corp said sales and earnings in the first three months of the year likely rose by a tenth driven by its existing businesses. In a disclosure to the Philippine Stock Exchange, the Laguna-based semiconductor firm said its ...

First Gen unveils $2.3-b expansion
Manila Standard Today - 2013-03-03
First Gen Corp. will spend $2.3 billion for a 1,300-megawatt expansion of its energy projects in the medium term period. The Lopez-controlled energy producer said the expansion program would include the construction of a liquefied natural gas import terminal.

Aboitiz Power investing P35b
Manila Standard Today - 2013-03-03
Aboitiz Power Corp. said construction of several power plants committed by the company to deliver additional power by 2015 to the Mindanao grid is on track. Aboitiz Power said in a statement the company committed P35 billion worth of investments to boost ...

Asia United Bank gets unibank nod from BSP
GMA Network - 2013-03-03
The Bangko Sentral ng Pilipinas has approved the application of Asia United Bank to operate as a universal bank after the bank completed the regulatory requirements. "The universal banking license will allow us greater flexibilities to expand further our ...

Century Properties eyes medical tourism
thestandard.com.ph - 2013-03-02
IN addition to developing premium residences in various market segments, listed real estate firm Century Properties Group announced that it will be an active player in the countrys growing medical tourism industry through its medical arts building project ...

Innovative solutions for food businesses
Manila Standard Today - 2013-03-02
UNILEVER Food Solutions recently relaunched a bigger and better Kaindustriya 2013, in partnership with Puregold Price Club Inc. Now on its third year, the food service club aims to further encourage its members to innovate, achieve and succeed in the ...

Stock market falls; Bloomberry climbs
Manila Standard Today - 2013-03-02
Developer Sta. Lucia Land Inc. was the biggest gainer among 20 most active stocks, rising 43.4 percent to P1.19. Local miner Nihao Mineral Resources International Inc. jumped 10.1 percent to P3.92. Metropolitan Bank and Trust Co. added 3.5 percent to P118.

Metro Retail Stores Group Inc (MRSGI)
investing.com - 2013-03-02
Metro Retail Stores Group, Inc., formerly Valueshop Market Market, Inc., is a Philippines-based company engaged in buying, selling and trading of goods, wares and merchandise of various kinds. The Company conducts its operations through various store ...

PSEi falls sharply, registers first weekly loss this year
interaksyon.com - 2013-03-01
Top gainers were Alphaland, Sta Lucia Land and Bogo Medellin, while other big losers were Atok-Big Wedge and Zeus Holdings. Freya Natividad, investment analyst at 2TradeAsia.com said the biggest contributor to the drop in the benchmark index may be the ...

EDC temporarily shuts down BacMan Unit 2
Rappler - 2013-03-01
EDC is an affiliate of First Gen Corp, the Lopez Group's power producer. As of 10am on Friday, March 1, EDC stocks were down 9.37% while First Gen stocks were down by 7.6%. - Christian Bautista/Rappler.com

Berjaya Auto Philippines introduces Mazda Yojin 3
Philstar - 2013-02-27
MANILA, Philippines - The romance of owning a brand-new vehicle usually wears out when it comes to maintaining it. Will bills racking up, owners find going to casas a very confusing, and sometimes, a tiring experience. Berjaya Auto Philippines, the new ...

Pepsi-Cola expands into powdered juice business
interaksyon.com - 2013-02-27
MANILA - Pepsi-Cola Products Philippines Inc has ventured into the powdered juice segment through its flagship brand Mirinda, the company said on Wednesday. In a statement, Pepsi-Cola Philippines president Partho Chakrabarti said the beverage firm has ...

MGB allows Philex Mining to resume operations
interaksyon.com - 2013-02-26
MANILA - The Mines and Geosciences Bureau (MGB) on Tuesday granted the request of Philex Mining Corp to temporarily resume operations at its Padcal mine in Benguet. In an order dated February 26, MGB director Leo Jasareno has authorized the resumption of ...

LT Group consolidates ownership in merged PNB-Allied Bank
Philstar - 2013-02-25
MANILA, Philippines - LT Group Inc, the holding company for the various businesses of tycoon Lucio Tan, has strengthened anew its foothold on the merged Philippine National Bank-Allied Banking Corp. by acquiring indirect shares in Kenrock Holdings Corp. In ...

DoubleDragon Properties sets stock listing this year
Philstar - 2013-02-25
MANILA, Philippines - The property firm of Mang Inasal founder Edgar "Injap" Sia II and Jollibee Foods owner Tony Tan Caktiong is tapping the equities market in the second or third quarter this year, its top executive said. Fresh funding from the ...

Forum Energy taps BNP Paribas for $2.6-M loan
Philstar - 2013-02-25
... 14C through Galoc Production Co. Its partners in the project are 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 Forum Energy ...

Grand Plaza Hotel profit slips to P165 M in 2012
Philstar - 2013-02-24
MANILA, Philippines - Hotel developer and operator Grand Plaza Hotel Corp. (GPHC) said its profits dropped last year due to lower room occupancy and food sales. In a regulatory filing, the company behind The Heritage Hotel Manila said its net income fell ...

Philex Petroleum sinks into P1.086-B loss
Philstar - 2013-02-23
MANILA, Philippines - Philex Petroleum Corp, the listed oil and gas company led by corporate taipan Manuel V. Pangilinan, reported a net loss of P1.086 billion last year, a stark turnaround from the P537.53-million income generated in 2011. In a disclosure ...

Petron board appoints new president
interaksyon.com - 2013-02-23
Nepomuceno replaces Eric O. Recto, who stepped down to fill the vacancy created by the departure of uncle and former trade minister Roberto Ongpin from the helm of Philippine Bank of Communications. Prior to his election, Nepomuceno served as senior vice ...

Minority investors turn down Melco buy-out bid
Rappler - 2013-02-22
The Belle Grande Manila is a joint venture between Manchester and Henry Sy's Belle Corporation. The development is expected to open in mid-2014. Early this week, Manchester shareholders approved an equity offering that could generate as much as P16 billion.

MVP-led Philex Petroleum posts P1.09-B loss in 2012
Rappler - 2013-02-22
MANILA, Philippines - Philex Petroleum Corp, the listed oil and gas unit of the Manuel V. Pangilinan business group announced a net loss of P1.086 billion in 2012, a turnaround from the P537.53 million it earned a year ago. The 2012 losses were attributed ...

Court asks Estrada to pay P190M in full
Philippine Daily Inquirer - 2013-02-21
Also recovered were 450 million shares of Waterfront Philippines Inc., which the sheriff tried to auction in 2009. The sheriff put off the auction after Wellex Group Inc. filed a case against then Sheriff Edgardo Urieta in the Makati Regional Trial Court ...

Gokongwei: Clark aiport needs rapid rail system
Rappler - 2013-02-21
MANILA, Philippines - JG Summit Holdings Inc. President and Chief Operating Officer Lance Gokongwei believes a rapid rail system is necessary for the Clark airport to be more viable and become the next main international gateway of the country. Gokongwei ...

First social entrepreneur named Entrepreneur Of The Year Philippines
ey.com - 2013-02-21
21 February 2013 - Jaime Ayala, Founder and CEO of Hybrid Social Solutions, Inc., was named the Entrepreneur Of The Year Philippines ... De La Salle University, Department of Trade and Industry, Development Bank of the Philippines, Philippine Business ...

Entrepreneur Of The Year Philippines 2013
ey.com - 2013-02-21
the Schwab Foundation for Social Entrepreneurship, and the University of the Philippines College of Business Administration. Since its inception in 2003, the Entrepreneur Of The Year Philippines program has become one of the most prestigious events for the ...

Trans-Asia Oil raises 2012 earnings 15% to P471 M
Philstar - 2013-02-20
MANILA, Philippines - Trans-Asia Oil and Energy Development Corp., a listed energy firm owned by the Phinma Group, reported yesterday a 15- percent increase in its net income for 2012. In a disclosure to the Philippine Stock Exchange (PSE), Trans-Asia Oil ...

Republic Glass acquires stake in industrial park developer
interaksyon.com - 2013-02-20
MANILA - Republic Glass Holdings Corp will purchase nearly a tenth of an industrial estate developer. In a disclosure to the Philippine Stock Exchange, Republic Glass said it signed and executed a subscription agreement with Science Park of the Philippines ...

SEC approves creation of Semirara Mining's power subsidiary
interaksyon.com - 2013-02-20
MANILA - The country's largest coal miner has set up a new subsidiary that will pursue power projects around the country. In a disclosure to the Philippine Stock Exchange, Semirara Mining Corp said the Securities and Exchange Commission (SEC) has approved ...

SEC approves creation of Semirara Mining's power subsidiary
interaksyon.com - 2013-02-20
MANILA - The country's largest coal miner has set up a new subsidiary that will pursue power projects around the country. In a disclosure to the Philippine Stock Exchange, Semirara Mining Corp said the Securities and Exchange Commission (SEC) has approved ...

DMCI Mining ups stake
Manila Standard Today - 2013-02-19
DMCI Mining Corp., a wholly-owned unit of DMCI Holdings Inc., said Tuesday it increased its investment in Toledo Mining Corp. from 17 percent to 37.7 percent. DMCI said in a disclosure to the Philippine Stock Exchange it acquired an additional 20-percent ...

Mactan-Cebu airport project auction delayed anew
Rappler - 2013-02-19
MANILA, Philippines - The bidding process for the expansion project at the country's second busiest airport was delayed for another month, the Department of Transportation and Communications (DOTC) announced. In a February 18 bulletin, DOTC Undersecretary ...

Yao group to list RC Cola, Zest-O
Rappler - 2013-02-19
MANILA, Philippines - The group of former Ambassador Alfredo Yao plans to list its softdrink company RC Cola following the success of its initial public offering (IPO) for Philippine Business Bank (PBB). The move is expected come ahead of the group's ...

Zest Air to announce foreign partner end-Feb
Rappler - 2013-02-19
This was confirmed by Zest Air president, former Ambassador Alfredo Yao, on Tuesday, February 19, on the sidelines of the listing of Philippine Business Bank, the group's banking arm. Zest Asia was earlier reported to be in talks with investors ...

Consunji-led DMCI Mining hikes stake in Toledo to 37.7%
Rappler - 2013-02-19
MANILA, Philippines - The Consunji group's mining unit increased its stake in Toledo Mining Corp. to 37.7% from 17% through a deal with an existing shareholder of the London-based miner. In a disclosure to the stock exchange on Tuesday, February 19, DMCI ...

Philippine Business Bank commits service for SMEs
Philstar - 2013-02-18
CEBU, Philippines - While most financial institutions cater to large corporates and consumer banking, the Philippine Business Bank guaranteed continued and committed service in the years ahead to the small and medium enterprises (SMEs) that serve as the ...

Ayala youth leaders congress @ 15: Leading not by words but by action
Philippine Daily Inquirer - 2013-02-18
Emily Abrera, Cheche Lazaro and Gang Badoy-Capati were moderators. Officers from Ayala, Ayala Land, BPI, Globe Telecom, Manila Water Co., Integrated Micro-Electronics, Ayala Automotive Holdings and Ayala Foundation helped facilitate some sessions.

Pitkin-Philodrill consortium wins petroleum contract in PECR 4
GMA Network - 2013-02-18
The consortium of local firm Philodrill Corp. and foreign company Pitkin Petroleum Plc has bagged the contract for Area 5 being offered under the petroleum sector of the 4th Philippine Energy Contracting Round (PECR 4). In a disclosure to the Philippine ...

Aboitiz, GN Power bare expansion
Manila Standard Today - 2013-02-18
Aboitiz Power Corp. and GN Power Ltd. Co. plan to separately build coal-fired power plants in Cebu and Lanao del Norte provinces, respectively. Aboitiz Power said over the weekend it might consider a new 300-megawatt power plant in Cebu as part of a long ...

MVP units, PNOC-EC win energy contract near Palawan
Rappler - 2013-02-17
The winning consortium - and the only bidder for this energy bloc - consists of Philex Petroleum Corp., PetroEnergy Resources and PNOC Exploration Corp. (PNOC-EC), according to a notice from the Department of Energy (DOE). Philex Petroleum Corp and ...

Fast facts: Who owns Semirara?
Rappler - 2013-02-17
MANILA, Philippines - Incessant rains caused a landslide at the Panian mine site of Semirara Mining Corp. on Thursday ... Consunji and his 8 children operate DMCI Holdings Inc., the holding firm for all the business interests of the family.

Lucio Tan holding firm acquires more shares in PNB
interaksyon.com - 2013-02-15
Early this month, PNB completed its merger with Tan-owned Allied Banking Corp, with the former as the surviving entity. Early this week, LTG acquired seven firms with a combined 22.72 percent stake in the merged PNB-Allied Bank entity and gained a 7.77 ...

5 killed, 5 missing in Semirara landslide
Rappler - 2013-02-14
Semirara is the biggest and only large-scale coal producer in the Philippines. It is owned by the Consunji group, which has stakes in construction (via DMCI Holdings), utilities (Maynilad Water), toll roads, real estate, and power, among others.

Asian Terminals expands Batangas operations
Philstar - 2013-02-13
MANILA, Philippines - Listed port operator Asian Terminals Inc. (ATI) is expanding its operations at the Batangas Port by providing integrated ports and logistics services at the Batangas Container Terminal (BCT). At the recently concluded Ports and ...