Marcventures Holdings to raise P37.5M from issuance of warrants
Philstar - 2012-11-02
MANILA, Philippines - Publicly-listed Marcventures Holdings Inc. may raise around P37.5 million from the issuance of warrants. The company will issue up to 85.11 million common shares at a price of P2.20 per share in favor of the lenders according to the ...

LRWC poised to buy half of Midas Hotel operator
interaksyon.com - 2012-10-30
MANILA - Leisure and Resorts World Corp on Tuesday said it intends to buy half of the company that operates Midas Hotel and Casino along Roxas Boulevard. In a disclosure to the Philippine Stock Exchange, LRWC said it executed a preliminary agreement with ...

Sandals gives back vacations after Hurricane Sandy
The Jamaica Observer - 2012-10-29
"When one experiences a storm like this, which causes the kind of damage it has, it limits the guest experience and that is totally unacceptable in our eyes," a news release from the hotel group quoted Gordon 'Butch' Stewart, chairman of Sandals Resorts ...

With Melco's PH entry, LRWC hikes stake in casino venture
Rappler - 2012-10-29
MANILA, Philippines - With the entry of Macau and Australian billionaires into the casino venture of the Sy family, another player, listed Leisure & Resorts World Corp. (LRWC), is asserting its role in the upcoming integrated casino and entertainment ...

Alaska, 2Go delist from stock market
Rappler - 2012-10-29
AMC was last traded at P17.20 apiece, giving it a market capitalization of P15.23 billion. Also on October 29, Aboitiz-led 2Go Group Inc. announced that it sought voluntary delisting of its preferred shares by December 7. The integrated transport solutions ...

AgriNurture ends 20-year supply deal with SM group
Rappler - 2012-10-29
MANILA, Philippines - Listed agricultural firm AgriNurture Inc. and its two subsidiaries are ending their 20-year fruits and vegetables supply agreements with Sy-led SM Group's chain of supermarkets, citing unsatisfactory profits. In a disclosure to the ...

Melco Crown Entertainment Enters Cooperation Agreement to Develop a Casino, Hotel, Retail and Entertainment Complex in the Philippines
Reuters - 2012-10-25
has entered into a cooperation agreement (the "COA") with SM Investments Corporation ("SMIC"), Belle Corporation ("Belle") and PremiumLeisure and Amusement, Inc. ("PLAI") to, among other things, regulate the relationship among the parties to the COA ...

Cost cuts trim PT&T losses in 1H
interaksyon.com - 2012-10-25
MANILA - Philippine Telegraph and Telephone Corp on Thursday said it cut its losses in the first half of the year largely on the back of lower costs. In a disclosure to the Philippine Stock Exchange, PT&T said its net loss dropped by 16.98 percent to P68 ...

Veggie supplier ends 20-year partnership with SM, blames pullout on absence of 'win-win' situation
interaksyon.com - 2012-10-25
MANILA - (UPDATE 2, 10:46 p.m.) Subsidiaries of AgriNurture Inc. have stopped supplying retail giant SM Group with fresh fruits and vegetables, the agribusiness firm said in a disclosure to the Philippine Stock Exchange. AgriNurture, one of the country's ...

In u-turn, Manila Jockey Club retains controlling stake in San Lazaro developer
interaksyon.com - 2012-10-24
MANILA - Manila Jockey Club Inc. will retain control over its property development unit, MJC Investments Corp, after reversing the latter's move to receive a fresh capital infusion from a group of companies to fund the development of the San Lazaro Tourism ...

In u-turn, Manila Jockey Club retains controlling stake in San Lazaro developer
interaksyon.com - 2012-10-24
MANILA - Manila Jockey Club Inc. will retain control over its property development unit, MJC Investments Corp, after reversing the latter's move to receive a fresh capital infusion from a group of companies to fund the development of the San Lazaro Tourism ...

The five best stocks in Asia
CNN Money - 2012-10-23
Tencent has also purchased stakes in other gaming distribution companies serving the Philippines, Singapore and Brazil and ... games as opposed to being so dependent on mobile ad revenue Keppel Corp: Keppel, based in Singapore, is the largest builder ...

Return of the Golden Age: Investors flee to gold as a safe haven during crisis
Economic Times - 2012-10-23
Most investors prefer direct investment to the precious, yellow metal. Increasingly ... Investors can monitor their holdings via the internet. Of course, this clever marketing gimmick does not protect the investor from the failure of a custodian or ...

Return of the Golden Age: Investors flee to gold as a safe haven during crisis
Economic Times - 2012-10-23
Most investors prefer direct investment to the precious, yellow metal. Increasingly ... Investors can monitor their holdings via the internet. Of course, this clever marketing gimmick does not protect the investor from the failure of a custodian or ...

National Book Store poised to take ownership stake in mining firm
interaksyon.com - 2012-10-23
MANILA - National Book Store is poised to acquire a stake in Vulcan Industrial and Mining Corp. at a time when the listed company is evaluating a possible exit from the mining sector. In a disclosure to the Philippine Stock Exchange, Vulcan said the ...

STI cuts price of follow-on offering to P0.90 a share
interaksyon.com - 2012-10-23
In 2010, Tanco bought a 68-percent stake in dormant firm JTH Davies Holdings Inc. from Philippine Racing Club. STI used JTH to list at the local bourse through the backdoor.

STI cuts price of follow-on offering to P0.90 a share
interaksyon.com - 2012-10-23
In 2010, Tanco bought a 68-percent stake in dormant firm JTH Davies Holdings Inc. from Philippine Racing Club. STI used JTH to list at the local bourse through the backdoor.

Aquino on China row: NZ backs rules-based approach
Rappler - 2012-10-23
which is involved in the exploration and production of water-based steam power and generation of electricity for commercial use GNS Science Memorandum of Agreement Alliance Select Foods International, exporter of canned tuna and smoked salmon products with ...

Next wave of IPO seen in early 2013
interaksyon.com - 2012-10-21
while Rockwell Land Corp. and Yehey! Corp. joined the bourse through listing by way of introduction. Coal Asia Holdings Inc. is set to debut in the PSE this week, while D&L Industries Inc. and Philippine Business Bank are expected to undertake their maiden ...

PDIC says ExportBank bidding did not defy Makati court stay order
interaksyon.com - 2012-10-19
MANILA - The Philippine Deposit Insurance Corp. on Thursday said it pushed through with the auction of shuttered Export and Industry Bank's assets despite a temporary restraining order issued by a Makati court because of flaws in the lawsuit filed by ...

ACC,Ambuja Cements gain ahead of quarterly results
Economic Times - 2012-10-18
On the other hand, sister concerns like Holcim Indonesia, Holcim Philippines and Siam City are charged nearly 2 per cent on their annual sales as trademark fees and fee for access to technology and participation in worldwide exchange of ideas. Macquarie ...

Yehey bucks market slump, surges on debut
interaksyon.com - 2012-10-18
MANILA - Online services provider Yehey Corp. surged on its debut in the Philippine Stock Exchange, bucking the sluggish performance of the market. Yehey opened at P2.50 each, a 150-percent premium from its listing price of P1. The stock rose to as high as ...

Exportbank bidding fails
Philstar - 2012-10-18
MANILA, Philippines - Auction for the shuttered Export and Industry Bank failed Thursday after pre-qualified investors, informed of a court order halting the process, chose not to submit bids. "We did not receive any bid envelope for this bidding.

PSEi succumbs to profit-taking after four-day climb
interaksyon.com - 2012-10-18
Its shares rose 170 percent to P2.70 apiece. Other top advancers were Alcorn and Jolliville, while Primex, Vantage Equities and Swift were the biggest losers. "Slight profit-taking occurred as several investors locked in gains given the run up in the ...

PSEi succumbs to profit-taking after four-day climb
interaksyon.com - 2012-10-18
Its shares rose 170 percent to P2.70 apiece. Other top advancers were Alcorn and Jolliville, while Primex, Vantage Equities and Swift were the biggest losers. "Slight profit-taking occurred as several investors locked in gains given the run up in the ...

ACC, Ambuja Cements likely to be hit by additional fee to Holcim: Sources
Economic Times - 2012-10-17
On the other hand, sister concerns like Holcim Indonesia, Holcim Philippines and Siam City are charged nearly 2 per cent on their annual sales as trademark fees and fee for access to technology and participation in worldwide exchange of ideas. Top cement ...

Australian oil company to drill 5 new PHL wells
GMA Network - 2012-10-16
Oriental Petroleum & Minerals Corporation and Linapacan Oil Gas & Power Corporation, 7.785 percent; The Philodrill Corp., 7.214 percent and Forum Energy Philippines, 2.275 percent. The Galoc field consortium is eyeing first oil to flow from the two new ...

PSEi extends climb for third day, ends at 5,399.94 on positive US retail sales
interaksyon.com - 2012-10-16
Actively traded stocks were PLDT, SM Investments, Ayala Corp., Puregold and Megaworld. Top gainers were Swift Foods, Concrete Aggregates and Mabuhay Vinyl, while the biggest losers were PBCom, STI and F&J Prince. "We can give credit to the gains in Wall ...

PLDT cuts foreign equity to comply with SC ruling
Rappler - 2012-10-16
In a disclosure to the Philippine Stock Exchange on Tuesday, October 16, PLDT said it signed an agreement with its affiliate BTF Holdings Inc. for the issuance of 150,000,000 voting preferred shares at P1 apiece or a total of P150 million. BTF is a wholly ...

Achievers by the dozen: Caring for Earth has its rewards for these college students
Philippine Daily Inquirer - 2012-10-14
The top-rated four this year are Jezreel Ezer Archival of the University of Cebu-Banilad Campus, Marylour Avila of the University of Iloilo-Phinma Education Network (UI-PEN), Joy Ruiz Escollar of the University of Iloilo-Phinma Education Network and ...

Underwriter says broker allocation of Coal Asia thrice oversubscribed
interaksyon.com - 2012-10-14
MANILA - Coal Asia Holdings Inc. has seen robust demand for its shares as the miner reaches the homestretch of its initial public offering. Paulino Soo, Abacus Capital & Investment Corp. chairman and president, said the 40 percent allocation of brokers was ...

Yehey! bullish on prospects
Philstar - 2012-10-12
MANILA, Philippines - Digital marketing company Yehey! Corp. said it is headed towards sustained growth this year, mainly driven by new business from existing customers and strong advertising spending. In a briefing, Yehey! general manager and creative ...

COCKTALES: P640M windfall awaits celebrity chef Happy Ongpauco's husband
interaksyon.com - 2012-10-11
Her second husband, Dexter Tiu, is expecting a P640-million windfall from the forthcoming initial public offering of Coal Asia Holdings, where he is a director/treasurer. Tiu just turned 40 this year. Dexter's brother, Alexander, is likewise expecting a ...

Century Properties to open iconic Century City Mall in 2013
Inquirer - 2012-10-09
"In true Century Properties tradition, we have planned an entirely unique and different lifestyle experience for the visitors of Century City Mall," Antonio said. "We understand that retail is an integral component of every mixed-use ...

Greenergy and Cleantech finalize investment partnership
Biofuels Digest - 2012-10-09
In the UK, Greenergy Holdings Inc. has finalized its investment partnership with Swiss-managed fund Cleantech Projektgesellschaft mbH. Cleantech will own over $10 million in Greenergy shares, equal to 20.78 million primary shares. Cleantech is managed by ...

Vest lets Facebook users hug from afar
Rappler - 2012-10-06
SAN FRANCISCO, USA - A vest developed in Massachusetts Institute of Technology lets Facebook users hug one another no matter how far apart they are. A Like-A-Hug vest on display Friday, October 5, at the website of designer Melissa Kit Chow was touted as ...

Ayala Corp. to offer P10B in 7-year fixed-rate bonds
Inquirer - 2012-10-05
MANILA, Philippines--Conglomerate Ayala Corp., which is diversifying into power and infrastructure businesses, is returning to the local bond market with a P10-billion offering of seven-year bonds. In a disclosure to the Philippine Stock Exchange on ...

Globe executive admits ongoing talks with ABS-CBN group
pep.ph - 2012-10-05
While Media Quest Inc. and GMA Network has announced the termination of a possible acquisition of Kapuso network, a Globe Telecom executive has admitted that there are ongoing talks between their company and the Lopez group. (CLICK HERE to read related ...

PSEi breaches 5,400, closes at new all-time high
interaksyon.com - 2012-10-04
Top gainers were Alcorn, I-People and Easycall, while the biggest losers were Globalport, Imperial Resources and GMA Holdings. "The Asian Development Bank downgraded most projections for most Asian countries and we stood out. On the part of investors ...

San Miguel's Ang keen on Solar TV, owner of RPN-9
Rappler - 2012-10-04
Ayala-led Globe Telecommunications Inc. and Lopez-led media giant ABS-CBN Corp. are in talks for potentially additional business synergies on top of their upcoming joint-use of mobile and broadband frequencies. Globe's rival and Pangilinan-led Philippine ...

Pinoys positive amid serious illness, thanks to family culture
cbcpnews.com - 2012-10-04
Manalo, who is also a faculty member at the Far Eastern University-Nicanor Reyes Medical Foundation or FEU"s Department of Family and Community Medicine, explained how crucial the family is when a member is dealing with a serious illness such as cancer.

Architect points to Cebu model on good reclamation effects
Philippine Daily Inquirer - 2012-10-03
Felino Palafox Jr., world renowned architect, said the South Road Properties (SRP) has even been drawing big businesses into the country. These include SM Prime Holdings Inc. and Filinvest Land Inc. Palafox mentioned SRP in his presentation during a ...

SEC approves STI's capital hike
interaksyon.com - 2012-10-02
MANILA - STI Education Systems Holdings Inc. has secured regulatory approval of a planned hike in its authorized capital stock. In a disclosure to the Philippine Stock Exchange, STI Holdings said the Securities and Exchange Commission approved the company ...

Llamanzares files CoC for senator at Comelec
Philippine Daily Inquirer - 2012-10-02
MANILA, Philippines - Movie and Television Review and Classification Board (MTRCB) Chairperson Grace Poe Llamanzares filed her certificate of candidacy for senator at the Comelec main office Tuesday. Llamanzares, daughter of the late Fernando Poe Jr., is ...

Rooftop pool, wine bar: Hotels building in Africa
Jamaica Observer - 2012-10-02
Nairobi has seen the construction of several upscale properties in recent years, as developers eye an increase in business travel to a continent with ... chief development officer for French hotel group Accor, said one project has been under construction ...

High performance carbon nanocomposites for ultracapacitors
google.com.ph - 2012-10-02
The present invention relates to composite electrodes for electrochemical devices, particularly to carbon nanotube composite electrodes for high performance electrochemical devices, such as ultracapacitors. (b) a plurality of carbon nanotubes; and (c) a ...

The wRap
Rappler - 2012-10-01
given that the Lopezes also control media conglomerate ABS-CBN Corp. Smart's affiliate, MediaQuest Holdings, has already acquired third-liner TV-5 and is eyeing a controlling stake in GMA-7, the second biggest media firm. The lines between ...

Anchor Land takes controlling stake in new property company
interaksyon.com - 2012-10-01
MANILA - Anchor Land Holdings Inc. has subscribed to majority of the shares of a new real estate holding company. In a disclosure to the Philippine Stock Exchange, Anchor Land said it has subscribed to 8.75 million shares of Globeway Property Ventures Inc ...

MRC Allied sells 60% stake in Surigao mining unit
interaksyon.com - 2012-10-01
MANILA - MRC Allied Inc. on Monday announced it sold its 60 percent stake in MRC Surigao Mines Inc. to a Singaporean firm and a Filipino company. In a disclosure to the Philippine Stock Exchange, MRC Allied said it has concluded the sale of its 40 percent ...

MRC Allied sells 60% stake in Surigao mining unit
interaksyon.com - 2012-10-01
MANILA - MRC Allied Inc. on Monday announced it sold its 60 percent stake in MRC Surigao Mines Inc. to a Singaporean firm and a Filipino company. In a disclosure to the Philippine Stock Exchange, MRC Allied said it has concluded the sale of its 40 percent ...