TV5 says interest in GMA7 remains, but MVP denies anything finalized
interaksyon.com - 2012-06-04
MANILA - (UPDATED 11:20 a.m.) No merger, TV5 top executives said, amid the stir created by a report that Philippine Long Distance Telephone Co. acquired GMA Network Inc. Social networking sites were buzzing in the early hours of Monday as The Philippine ...

TV5 says interest in GMA7 remains, but MVP denies anything finalized
interaksyon.com - 2012-06-04
MANILA - (UPDATED 11:20 a.m.) No merger, TV5 top executives said, amid the stir created by a report that Philippine Long Distance Telephone Co. acquired GMA Network Inc. Social networking sites were buzzing in the early hours of Monday as The Philippine ...

Status of Visiting Forces Agreement (SOVFA) with Australia
senate.gov.ph - 2012-06-04
"Water is going to be the 21st century's defining battleground,"[1] said Robert Kaplan ... entry and exit of personnel and property, movement of vessels, aircraft and vehicles and carrying of arms, among others. The Agreement provides, in no uncertain ...

Venture capital deals
Fortune - 2012-06-04
www.ividence.com B2B-Center, a Russia-based online procurement platform for businesses to sell or acquire goods and services, has raised an undisclosed amount of funding from Insight Venture Partners, Da Vinci Capital, ALPHA Associates and Runa Capital.

Venture capital deals
Fortune - 2012-06-04
www.ividence.com B2B-Center, a Russia-based online procurement platform for businesses to sell or acquire goods and services, has raised an undisclosed amount of funding from Insight Venture Partners, Da Vinci Capital, ALPHA Associates and Runa Capital.

Manila Jockey Club security officer accused of rape
Philippine Daily Inquirer - 2012-06-03
A Pasig City prosecutor has ordered the filing of a rape charge against a security officer of a racing club based on an accusation made by his co-worker. In a three-page resolution released recently, Pasig Assistant Prosecutor Nonito Tagalicud made the ...

Manila Jockey Club security officer accused of rape
Philippine Daily Inquirer - 2012-06-03
A Pasig City prosecutor has ordered the filing of a rape charge against a security officer of a racing club based on an accusation made by his co-worker. In a three-page resolution released recently, Pasig Assistant Prosecutor Nonito Tagalicud made the ...

A piece of shangri-la for the affluent Filipino
Inquirer - 2012-06-01
When the Kuok Group decided to enter the local scene in 1987, it did more than just build world-class hotels, resorts and malls for the affluent Filipino. The group, through its property development arm Shang Properties and affiliate Shangri-La Hotels and ...

Lopez Holdings considering power investments overseas
Rappler - 2012-06-01
MANILA, Philippines - After taking major steps to become debt-free by yearend, Lopez Holdings Corp is considering investing more in its core power business, but only if it means not taking on more loans. Lopez Holdings' primary power generation and energy ...

PNB-Allied Bank merger awaiting regulatory approvals
interaksyon.com - 2012-05-30
MANILA - Philippine National Bank officials said its merger with Allied Banking Corp. would likely be completed within the year. "There are no more legal hurdles except perhaps the imprimatur of the Bangko Sentral ng Pilipinas, the Philippine Deposit ...

BDO acquires Rural Bank of San Juan
Philstar - 2012-05-29
MANILA, Philippines - BDO Unibank Inc. (BDO) has acquired the Rural Bank of San Juan Inc., formerly known as Banco San Juan. Completion of the transaction ... in relation to the acquisition of the Export and Industry Bank (EIB), BDO will get an additional ...

Puregold acquires Parco Supermarket
philstar.com - 2012-05-29
MANILA, Philippines - Listed supermarket chain operator Puregold Price Club Inc. has added Parco Supermarket to its growing retail portfolio. In a disclosure to be Philippine Stock Exchange, Puregold said the acquisition will further expand its foothold in ...

CJ using SUVs of 'controversial' businessmen
Rappler - 2012-05-29
He is the president of a mining company, Century Peak Metals Holdings Corp, and Century Hua Guang Smelting Inc. Keng is also the president of Colony Investors Inc, Good Earth Plaza, U-Need Shopping Center, Carriedo Plaza, and Balikbayan Shopping Mall.

FEC Reports on FEP Loan Facility
prnewswire.com - 2012-05-28
This press release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian and US securities legislation. All statements, other than statements of historical ...

Filinvest plans to sink P25B in power projects
Philippine Daily Inquirer - 2012-05-26
Filinvest Development Corp. plans to invest roughly P25 billion this year to jumpstart the construction of new power plants with a combined generation capacity of 200 megawatts. Apart from these "green field" projects that will start from scratch ...

Filinvest plans to sink P25B in power projects
Philippine Daily Inquirer - 2012-05-26
Filinvest Development Corp. plans to invest roughly P25 billion this year to jumpstart the construction of new power plants with a combined generation capacity of 200 megawatts. Apart from these "green field" projects that will start from scratch ...

MVP plans to sell stake in Rockwell to Lopez group
Rappler - 2012-05-25
The new shares would give the Lopez family a stronger majority in the developer. Lopez Holdings Corp owns 46.6% of First Philippine Holdings Corp, which in turn owns 51% of Rockwell Land, explained Carla Paras-Sison, Lopez Holdings assistant vice-president ...

Recto named PBCom chairman; Ongpin remains co-chairman
Inquirer - 2012-05-24
Philippine Bank of Communications recently named Eric Recto its new chairman while his uncle Roberto Ongpin remains co-chairman. The election of Recto as bank chairman, concurrent to his post as president of oil refiner Petron Corp., suggests that Ongpin ...

Mla Jockey affiliate to build hotel in San Lazaro property
philstar.com - 2012-05-23
in Manila for development works of an affiliate company. The move will allow MJC Investment Corp. (MIC) to build a hotel on the site, riding on the tourism promotion efforts of the City of Manila. "The board directors of MJC in its meeting yesterday has ...

Manila Jockey Club affiliate to take over San Lazaro property
interaksyon.com - 2012-05-23
MANILA, Philippines - Manila Jockey Club Inc. has obtained board approval to transfer a portion of its property at the San Lazaro Tourism and Business Park to MJC Investments Corp., which will develop a "world-class" hotel in the area. In a disclosure to ...

Palace to Corona: Keep your word, show naked truth
Rappler - 2012-05-19
However, officials of the Philippine Savings Bank (PSBank), one local banks where Corona maintains dollar deposits, said in February that the chief justice has 5 dollar accounts. The SC, however, issued a temporary restraining order stopping the ...

CNOOC a solid partner in Recto Bank - Philex
philstar.com - 2012-05-18
Manila, Philippines - Pangilinan-led Philex Petroleum said state-run China National Offshore Oil Corp. (CNOOC) is financially and technically viable partner in the potentially resource-rich Recto Bank. Philex Petroleum the oil exploration unit of top ...

Philippines loses arbitration case vs Indian-run steel firm
Rappler - 2012-05-18
In a disclosure to the stock exchange on Friday, May 18, Philippine National Bank (PNB) said they received from the Singapore International Arbitration Center "a partial award...in favor of the Claimants, including such reliefs as payments by Respondents ...

Alliance Global Group's net income up a third
interaksyon.com - 2012-05-17
MANILA, Philippines - Alliance Global Group Inc. (AGI) said its earnings grew by a third in the first three months of this year, driven by the strong contribution of its real estate, tourism and consumer businesses. In a disclosure to the Philippine Stock ...

Alliance Global Group's net income up a third
interaksyon.com - 2012-05-17
MANILA, Philippines - Alliance Global Group Inc. (AGI) said its earnings grew by a third in the first three months of this year, driven by the strong contribution of its real estate, tourism and consumer businesses. In a disclosure to the Philippine Stock ...

WB allots $275M for Metro Manila water improvement project
Philippine Daily Inquirer - 2012-05-16
... (MWMP), the project would support investments of private water concessionaires Maynilad Water Services Inc. and Manila Water Company Inc. to boost the collection and treatment of wastewater from households and other establishments in the metropolis.

Another conglomerate courting GMA Network - Gozon
interaksyon.com - 2012-05-16
MANILA, Philippines - (UPDATED 2:15 p.m.) The chairman of GMA Network Inc. said another conglomerate is interested in acquiring the broadcast company. During GMA Network's annual stockholders meeting, Felipe Gozon said a second company apart from the PLDT ...

Corona had 82 dollar accounts - AMLC
Rappler - 2012-05-15
MANILA, Philippines - Chief Justice Renato Corona had 82 dollar accounts in various branches of at least ... that most of the transactions involved various branches of Philippine Savings Bank (PSBank) and Bank of the Philippine Islands (BPI).

No fuel discounts for PAL, says Petron chair
Rappler - 2012-05-15
MANILA, Philippines - What happened to one of the possible synergies between conglomerate San Miguel Corp.'s units? Oil refiner and retailer Petron Corp. will not extend fuel discounts to sister firm, legacy carrier Philippine Airlines (PAL), according to ...

GMA7 to MVP? Ramon Ang wouldn't bet on it
interaksyon.com - 2012-05-11
MANILA, Philippines - The president of San Miguel Corp. on Friday suggested that his friendship with the owners of GMA Network Inc. would keep them from selling control of the broadcasting company to the PLDT group. At the sidelines of the San Miguel Pure ...

Philippine stocks dip further on uncertainties in EU
interaksyon.com - 2012-05-11
MANILA, Philippines - (UPDATED 5:14 p.m.) Philippine share prices ... alongside Concrete Aggregates Corp. and Federal Resources Investment group Inc. Top losers were Easycall Communications Phils.

Worries about euro zone weigh on Philippine stocks
interaksyon.com - 2012-05-09
All sub-indices finished in the red led by the 2.09-percent drop in the mining and oil counter ... Corp. Philippine Long Distance Telephone Co., Alliance Global Group Inc. and Universal Robina Corp. "The Eurozone crisis is placing a lot of pressure ...

Philippine stocks rebound
interaksyon.com - 2012-05-08
Actively traded stocks were Metropolitan Bank & Trust Co., Megaworld Corp., Bloomberry Resorts Corp., Philippine Long Distance Telephone Co., and SM Prime Holdings Inc. Top gainers were Omico Corp. warrants, Easycall Communications Phils. Inc. and ...

Philippine stocks rebound
interaksyon.com - 2012-05-08
MANILA, Philippines - The Philippine Stock Exchange composite index ... Distance Telephone Co., and SM Prime Holdings Inc. Top gainers were Omico Corp. warrants, Easycall Communications Phils. Inc. and Highlands Prime Inc., while the day's biggest losers ...

Nickel Asia Q1 profit falls on lower metal prices
Rappler - 2012-05-08
MANILA, Philippines - Lower nickel prices weighed on the earnings of the largest producer of the metal in the country. Nickel Asia Corp. reported on Tuesday, May 8, that its attributable net income for the first quarter of the year fell 33% to P285.4 ...

City may hold forum on bank closure
Philstar - 2012-05-06
CEBU, Philippines - The Cebu City Government offered anew a venue for the affected Cebu City depositors of the recently closed Export and Industry Bank to help them connect with the Philippine Deposit Insurance Corporation (PDIC) for their claims.

2 ex-Urban Bank directors deny profiting from land deal
Philippine Daily Inquirer - 2012-05-04
Urban Bank was closed down in 2001 and acquired by the Export and Industry Bank (EIB). EIB was in turn ordered shut down by the central bank late last month after it suffered liquidity problems. Don't miss out on the latest news and information.

2 ex-Urban Bank directors deny profiting from land deal
Philippine Daily Inquirer - 2012-05-04
Urban Bank was closed down in 2001 and acquired by the Export and Industry Bank (EIB). EIB was in turn ordered shut down by the central bank late last month after it suffered liquidity problems.

Philippine stock market pulls back from record
interaksyon.com - 2012-05-04
The most actively traded stocks were Bloomberry Resorts Corp., Megaworld Corp. Alliance Global Group Inc., Philippine Long Distance Telephone Co. and Ayala Corp. Gainers were led by Vitarich Corp., Benguet Corp. "B," and Omico Corp. warrants.

Philippine stock market pulls back from record
interaksyon.com - 2012-05-04
The most actively traded stocks were Bloomberry Resorts Corp., Megaworld Corp. Alliance Global Group Inc., Philippine Long Distance Telephone Co. and Ayala Corp. Gainers were led by Vitarich Corp., Benguet Corp. "B," and Omico Corp. warrants.

Lopez group's 2011 income drops in absence of Meralco windfall
interaksyon.com - 2012-05-03
MANILA, Philippines - Lopez Holdings Corp. expects no change in its 2012 financial outlook from last year when its profit plummeted on the back of lower revenues of its subsidiaries and a drop in one-time gains. In a statement, Lopez Holdings said the net ...

Lopez group's 2011 income drops in absence of Meralco windfall
interaksyon.com - 2012-05-03
MANILA, Philippines - Lopez Holdings Corp. expects no change in its 2012 financial outlook from last year when its profit plummeted on the back of lower revenues of its subsidiaries and a drop in one-time gains. In a statement, Lopez Holdings said the net ...

SM Prime, Oriental, First Metro: Philippine Equity Preview
Bloomberg - 2012-05-02
Shares of the following companies may have unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the previous close, unless stated otherwise. The Philippine Stock Exchange Index climbed 0.7 percent to 5,202.70.

Abacus expects to start producing coal
Inquirer - 2012-05-01
Publicly listed Abacus Consolidated Resources and Holdings Inc. said it was expecting to finally start producing coal in its concession areas in Tago, Surigao del Sur, by the middle or latter part of this year. In a filing with the Philippine Stock ...

Mining in Philippines behind times, say labor groups
Philippine Daily Inquirer - 2012-04-30
An ISMM delegation, which includes representatives from mining and labor groups in Germany, Australia, Belgium, South Korea and Japan, visited Lepanto Mining Consolidated Corp. in Benguet and other mines in the Caraga region. Members of the delegation ...

Filipino miners get low pay, work in unsafe conditions -- report
Philippine Daily Inquirer - 2012-04-30
An ISMM delegation, including representatives from mining and labor groups in Germany, Australia, Belgium, South Korea and Japan, visited Lepanto Mining Consolidated Corp. in Benguet and other mines in the Caraga region. Members of the delegation noted ...

There is no worse lie than a truth misunderstood
Inquirer - 2012-04-30
These are Atok-Big Wedge Co. Inc. (AB) and Philex Petroleum Corp. (PXP). Because of their supposed participating interest in the said drilling program, the market got fired up on their potential earnings that their share prices experienced spectacular ...

GAAR as positioned by Finance Minister sounds like music playing backwards
Economic Times - 2012-04-29
Every day, every month and every year, I remit to you service taxes, income taxes and corporate taxes without a miss, so thinking of people who have not paid up makes me livid. Having said so, let's consider why playing the music backwards (or ...

BSP shuts down Export Bank for liquidity problems
Philippine Daily Inquirer - 2012-04-28
The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Export and Industry Bank Inc. (EIB), which has 50 branches and P16 billion in deposits, and placed it under the receivership of the Philippine Deposit Insurance Corp. after the bank ...

BSP shuts down Export Bank for liquidity problems
Philippine Daily Inquirer - 2012-04-28
The Bangko Sentral ng Pilipinas (BSP) has ordered the closure of Export and Industry Bank Inc. (EIB), which has 50 branches and P16 billion in deposits, and placed it under the receivership of the Philippine Deposit Insurance Corp. after the bank ...