Philex Mining Corporation (PX) - Financial and Strategic SWOT Analysis Review - new company profile report
TransWorldNews - 2012-07-31
The company with its subsidiaries is organized under two main business groupings: the oil and gas business under Philex Petroleum Corporation and the mining business under Philex Mining Corporation. The product portfolio of the company includes Copper ...

Cement firms are 'collateral damage' of mining EO - Holcim
Rappler - 2012-07-31
MANILA, Philippines - Executives of one of the country's leading cement manufacturers, Holcim Philippines Inc., said their industry may encounter disruptions and their investments maybe in peril because of President Aquino's recently issued mining policy.

Philex, Philodrill to bid for new oil, gas blocks
Rappler - 2012-07-31
Businessman Manuel V. Pangilinan said his group Philex Mining Corp. units, oil and gas units Philex Petroleum Corp. and Pitkin Petroleum Plc of UK have formed a consortium with local exploration company Philodrill Corp. to bid for Areas 4 and 5 under the ...

Philippine Business Bank plans to raise P3B from IPO
Inquirer - 2012-07-30
MANILA, Philippines-Philippine Business Bank, the thrift banking arm of the Zest-O group, plans to raise P3 billion from an initial public offering late this year or in early 2013. In an interview last week, PBB president Roland Avante said the bank was ...

27 listed firms fall below PSE minimum public ownership rule
interaksyon.com - 2012-07-30
The 27 erring firms do not include Export and Industry Bank Inc., Nextstage Inc. and Philcomsat Holdings Corp., all of which have yet to submit their public ownership reports. Non-compliant companies have until January 1, 2013 to comply with the requirement.

27 listed firms fall below PSE minimum public ownership rule
interaksyon.com - 2012-07-30
The 27 erring firms do not include Export and Industry Bank Inc., Nextstage Inc. and Philcomsat Holdings Corp., all of which have yet to submit their public ownership reports. Non-compliant companies have until January 1, 2013 to comply with the requirement.

PSEi extends rally on favorable corporate earnings results
interaksyon.com - 2012-07-30
Actively traded stocks were Metrobank, PLDT, SM Investments, Ayala Land, and Ayala Corp. Top gainers were Pepsi-Cola, Waterfront Philippines and United Paragon Mining, while the biggest losers were Mabuhay Holdings, Vivant and Cityland.

MJC Investments eyes new investors for property projects
Philstar - 2012-07-29
Manila, Philippines - MJC Investments Inc., an investment holding company led by the Reyno family, is in talks with potential investors to help fund its various real estate projects which include a hotel and entertainment complex in Sta. Cruz, Manila as ...

Explosion rocks Philex Mining office in Pasig
Philippine Daily Inquirer - 2012-07-27
The report quoted Pasig City chief of police, Superintendent Alfredo Calamaan, as saying that a still unidentified type of hand grenade exploded in front of Philex Mining Corporation located at No. 27 Brixton Street, Barangay (village) Kapitolyo ...

Explosion rocks Philex Mining office in Pasig
Philippine Daily Inquirer - 2012-07-27
The report quoted Pasig City chief of police, Superintendent Alfredo Calamaan, as saying that a still unidentified type of hand grenade exploded in front of Philex Mining Corporation located at No. 27 Brixton Street, Barangay (village) Kapitolyo ...

PNB-Allied Bank merger gets PDIC okay
Rappler - 2012-07-27
MANILA, Philippines - State-run Philippine Deposit Insurance Corp (PDIC) has approved the long-awaited merger of Philippine National Bank (PNB) and Allied Banking Corp, which are both controlled by tycoon Lucio Tan. The merger will be undertaken via a ...

DMCI Holdings expects 10% earnings growth in 2012
interaksyon.com - 2012-07-25
MANILA - DMCI Holdings Inc. sees earnings growing by a tenth this year to a "little below" P11 billion, barring any bad news from China, the company's president said on Wednesday. This is slower than the 22-percent rise in net income last year to P9.6 billion.

DMCI Holdings expects 10% earnings growth in 2012
interaksyon.com - 2012-07-25
MANILA - DMCI Holdings Inc. sees earnings growing by a tenth this year to a "little below" P11 billion, barring any bad news from China, the company's president said on Wednesday. This is slower than the 22-percent rise in net income last year to P9.6 billion.

Protesters remove steel barricade near Ever Gotesco in Quezon City
Philippine Daily Inquirer - 2012-07-24
MANILA, Philippines--Protesters forcibly removed the steel barricade of the Philippine National Police near Ever Gotesco early Monday afternoon where cops lined up to block protesters from going beyond the area, police said. Superintendent Marcelito ...

Protesters clash with cops in front of Ever Gotesco
Philippine Daily Inquirer - 2012-07-23
MANILA, Philippines - Anti-Aquino protesters who tried to break into steel barriers clashed with police along Commonwealth Avenue. Reports said that demonstrators also threw stones and debris at policemen securing the north bound lane of the highway near ...

Protesters clash with cops in front of Ever Gotesco
Philippine Daily Inquirer - 2012-07-23
MANILA, Philippines - Anti-Aquino protesters who tried to break into steel barriers clashed with police along Commonwealth Avenue. Reports said that demonstrators also threw stones and debris at policemen securing the north bound lane of the highway near ...

San Lazaro park developer eyes projects in Boracay, Mindoro
interaksyon.com - 2012-07-23
MANILA - MJC Investments Inc. is eyeing new leisure projects, including one in Boracay, adding to its hotel development in Manila, as the company aims to increase long-term revenues. On the sidelines of the company's annual stockholders meeting ...

PSEi slips below 5,200 as Spain's debt woes turn for the worse
interaksyon.com - 2012-07-23
Top gainers were Prime Media, Manchester International and Abacus Consolidated, while the biggest losers were Chemical Industries, Unioil and Asiabest Group. "The renewed scare because of the troubles in Europe that may aggravate the problems in the ...

It's sealed: Packer, Ho and Sy in Manila casino venture
Rappler - 2012-07-23
However, talks failed in 2010, prompting Belle to tap instead local public company Leisure & Resorts World Corp (LRWC), which operates bingo and interactive games licensing at the Cagayan Economic Zone Authority. LRWC will now assume an equity capital ...

Tan, Okada forge P45-B real estate deal on Entertainment City
Rappler - 2012-07-22
On Monday, July 16, Andrew Tan-led Empire East Land Holdings disclosed that it has formed a joint venture with the Okada-led Tiger Resort Leisure and Entertainment Inc. and Eagle 1 Landholdings Inc. for the exclusive development of the high-end residential ...

Cases That I Have Won
JD Supra - 2012-07-22
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. JD Supra provides users with access to ...

PBCom gets BSP OK for cap hike to P27B
Philstar - 2012-07-21
On July 26, 2011, a memorandum of agreement (MOA) was signed among the three major shareholders of the bank, namely the Chung, Luy and Nubla groups, and ISM Communications Corp. The ISM Group was selected as strategic third party investor (STPI), having 97 ...

Acsa moves on but tax case is stuck
Philippine Daily Inquirer - 2012-07-21
Berena and Esther Mendoza. Also named in the charge sheet were Ronilo T. Yu, Teodorico DJ Rivera, Resty Rivera and one John Doe of Lorenzo Shipping Corp.; Henry Marquez and Gemma V. Mariano of GMA Marketing; Orlando Fetil of Sumisetsu Philippines Inc ...

Aboitiz to plant 70% of 3M trees
Philippine Daily Inquirer - 2012-07-20
APARK (Aboitiz Passion for Agroforest and Reforest to Keep). These are the Pilmico Foods Corp., Pilmico Animal Nutrition Corp., Union Bank of the Philippines, City Savings Bank, Davao Light and Power Company, Cotabato Light and Power Company, Visayan ...

Acsa moves on but tax case is stuck
Philippine Daily Inquirer - 2012-07-20
Berena and Esther Mendoza. Also named in the charge sheet were Ronilo T. Yu, Teodorico DJ Rivera, Resty Rivera and one John Doe of Lorenzo Shipping Corp.; Henry Marquez and Gemma V. Mariano of GMA Marketing; Orlando Fetil of Sumisetsu Philippines Inc ...

DFNN clears way for future fund-raising amid gaming push
interaksyon.com - 2012-07-20
MANILA - DFNN Inc. is widening its equity base to support future fund-raising plans as it capitalizes on the booming gaming industry. In a disclosure to the Philippine Stock Exchange, the technology firm said it obtained board approval to hike its ...

Philippine Stock Movers: Geograce, Megaworld, Philex Mining
Bloomberg - 2012-07-20
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila. The Philippine Stock Exchange Index rose 0.4 percent to 5,210.89, its first gain in four days. The measure ...

PSEi returns above 5,200 ahead of earnings season
interaksyon.com - 2012-07-20
Actively traded stocks were Ayala Corp., GT Capital, Ayala Land, Robinsons Land and and BDO. Top gainers were Alaska Milk, Lafarge Republic and Greenergy, while the biggest losers were Acesite, Forum Pacific and City & Land.

Barte, Maranan, Gentoleo rule Clean-up 15K run
Philstar - 2012-07-19
The Manila Bay Clean-Up Run was a project of Manila Broadcasting Company, in cooperation with the cities of Manila and Pasay, with support from Smart Communications, Green Cross Rubbing Alcohol, Enervon Multi-Vitamins, M. Lhuillier, Orlistat Xenical ...

Philippine Equity Movers: Greenergy Holdings, SM Prime
Bloomberg - 2012-07-19
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the close in Manila. The Philippine Stock Exchange Index declined 0.6 percent to 5,189.37, its third day of losses. Greenergy ...

PSEi drops below 5,200 despite global rally
interaksyon.com - 2012-07-19
Top gainers were Forum Pacific, IP Converge and City & Land, while the biggest losers were Euro-Med, Mabuhay Holdings and Unioil. At the Philippine Dealing System, the peso closed weaker against the dollar at P41.755 on Thursday from a four-year high of ...

IRC Properties taps related firm for Binangonan property
interaksyon.com - 2012-07-18
MANILA - IRC Properties Inc. has entered into a partnership with a related land developer for the development of a portion of its property in Binangonan, Rizal. In a disclosure to the Philippine Stock Exchange, IRC Properties said its board authorized the ...

IRC Properties taps related firm for Binangonan property
interaksyon.com - 2012-07-18
MANILA - IRC Properties Inc. has entered into a partnership with a related land developer for the development of a portion of its property in Binangonan, Rizal. In a disclosure to the Philippine Stock Exchange, IRC Properties said its board authorized the ...

Cityland unveils Pines Peak residential condo in Mandaluyong
Philstar - 2012-07-18
It has been in the real property development business for over 25 years. Aside from CDC, the group has two other units - City and Land Developers (CLD) and Cityland Developers. CDC was formed in 1978 to engage in the development of land for residential ...

Forum Pacific eyes new deals to boost profits
Philstar - 2012-07-18
MANILA, Philippines - Listed upstream oil firm Forum Pacific Inc. is banking on new petroleum and gas service contracts to increase its profitability. The company is also looking to explore areas adjacent to the Libertad field in northern Cebu that is ...

Peso revisits 4-year high, as PSEi slips on fears market is 'expensive'
interaksyon.com - 2012-07-18
Actively traded stocks were Ayala Corp., DMCI Holdings, PLDT, ICTSI, and Megaworld. Top gainers were Mabuhay Holdings, ICTV and Pancake House, while the biggest losers were Easycall Communications, IP Converge and Geograce. At the Philippine Dealing System ...

Peso revisits 4-year high, as PSEi slips on fears market is 'expensive'
interaksyon.com - 2012-07-18
Top gainers were Mabuhay Holdings, ICTV and Pancake House, while the biggest losers were Easycall Communications, IP Converge and Geograce. At the Philippine Dealing System, the peso matched its strongest level in four years, climbing to 41.68 against the ...

Peso revisits 4-year high, as PSEi slips on fears market is 'expensive'
interaksyon.com - 2012-07-18
Top gainers were Mabuhay Holdings, ICTV and Pancake House, while the biggest losers were Easycall Communications, IP Converge and Geograce. At the Philippine Dealing System, the peso matched its strongest level in four years, climbing to 41.68 against the ...

PH, Qatar ink agreements on tourism, agri, investments
Rappler - 2012-07-18
MANILA, Philippines - The Philippines and Qatar signed 4 bilateral agreements and one private sector agreement seen to boost cooperation in investments, tourism, fisheries and the legal field. The Emir of Qatar, His Highness Sheikh Hamad bin Khalifa Al ...

Metrobank 2011 profits up 32% to P11-B
Rappler - 2012-07-18
Metrobank's thrift arm, Philippine Savings Bank (PSBank) has recently been dragged into the ongoing impeachment trial against Chief Justice Renato Corona. The Coronas have at least P20 million in 2010 and reportedly some dollar accounts maintained at ...

Lopez Holdings aims to be debt-free by end-2012
Rappler - 2012-07-17
MANILA, Philippines - Becoming debt-free by yearend is the goal of the Lopez family's flagship holding company, Lopez Holdings Corp. Lopez Holdings has already restructured US$23 million of its $25 million debts, said the company's assistant vice president ...

Metrobank upgrades Philippines' 2012 growth forecast
interaksyon.com - 2012-07-13
MANILA - Metrobank has upgraded its growth forecast for the Philippines this year to 5.5 percent from the earlier estimate of 4.6 percent. In its latest Economic Weather Report, Metrobank said the country's gross domestic product will continue to get its ...

Abacus firms up mining, securities ventures, eyes tie-ups for property foray
interaksyon.com - 2012-07-13
MANILA - Abacus Consolidated Resources & Holdings Inc. will expand its mining and securities businesses, even as it expects to reach joint venture agreements with "several conglomerates" by the fourth quarter for the development of a vast Batangas property.

Abacus firms up mining, securities ventures, eyes tie-ups for property foray
interaksyon.com - 2012-07-13
MANILA - Abacus Consolidated Resources & Holdings Inc. will expand its mining and securities businesses, even as it expects to reach joint venture agreements with "several conglomerates" by the fourth quarter for the development of a vast Batangas property.

GMA7-TV5 deal price tag is P52.5-B: report
Rappler - 2012-07-13
Pangilinan is reportedly close to sealing a deal estimated at P52.5 billion to purchase a controlling 80% stake in GMA Network Inc. This was reported by the Inquirer on Monday, July 9, citing "several sources familiar with the discussions" on one of the ...

GMA-7 stock sizzles amid talk of sale
Rappler - 2012-07-13
Three analysts recently polled by Reuters said stock in GMA Holdings was the most expensive among the 39 companies in the Philippines they tracked in the Philippines. The analysts said the intrinsic value of the stock is closer to P7.09 per share and that ...

Ayala Land to pour P2 billion into condo project at Cebu Business Park
Philippine Daily Inquirer - 2012-07-12
SEEING a substantial demand for high-end condominium units in Cebu, Ayala Land Premier (ALP) and Cebu Holdings, Inc. (CHI) will invest an additional P2 billion in another condominium project on top of the new Ayala Center Cebu wing. ALP and CHI launched ...

ePLDT may be brought in to acquire GMA7 PDRs - MVP
interaksyon.com - 2012-07-12
Instead of stocks, foreigners can buy the Philippine company's PDRs. GMA Holdings Inc., the corporate vehicle that issued the broadcast firm's PDRs, has 861.298 million of the said securities that are outstanding. They were last traded at P10.26 apiece on ...

ePLDT may be brought in to acquire GMA7 PDRs - MVP
interaksyon.com - 2012-07-12
Instead of stocks, foreigners can buy the Philippine company's PDRs. GMA Holdings Inc., the corporate vehicle that issued the broadcast firm's PDRs, has 861.298 million of the said securities that are outstanding. They were last traded at P10.26 apiece on ...

Medco Health Solutions Inc. (MHS): Today's Featured Wholesale Winner
www.thestreet.com - 2012-07-11
Stephanie Link, director of research at TheStreet, says the move in Bristol Myers' stock from the suspension of a Hepatitis C compound has been overdone and sees value in the stock. Stephanie Link, director of research at TheStreet, says CVS and Express ...