Corona has P24.6M in PSBank
Philippine Daily Inquirer - 2012-02-09
Chief Justice Renato Corona kept at least P24.6 million in five peso accounts with Philippine Savings Bank (PSBank) between 2007 and 2010, the Senate impeachment court found out Wednesday in proceedings that lasted five hours, the longest that it conducted ...

Corona has P24.6M in PSBank
Philippine Daily Inquirer - 2012-02-09
Chief Justice Renato Corona kept at least P24.6 million in five peso accounts with Philippine Savings Bank (PSBank) between 2007 and 2010, the Senate impeachment court found out Wednesday in proceedings that lasted five hours, the longest that it conducted ...

Senate orders PSBank manager to testify in trial
Philippine Daily Inquirer - 2012-02-09
MANILA, Philippines - The branch manager of the Philippine Savings Bank in Katipunan , Quezon City has been directed by the Senate to testify in the impeachment trial of Chief Justice Renato Corona in relation to accounts that he allegedly owned with the ...

Secrecy in foreign currency deposits
Rappler - 2012-02-08
The scuttlebutt, of course, is that Justice Corona has a US$700,000 deposit held by the Philippine Savings Bank (PSBank) and that the prosecutors even know its account number. After a caucus on the matter, the Senate agreed to issue a subpoena to PSBank.

The defense's roller coaster day
Rappler - 2012-02-08
The defense's optimism however, did not last long. Presiding officer Juan Ponce-Enrile, despite the defense's pending petition with the Supreme Court, allowed PSBank president Pascual Garcia to testify and present the documents sought by the court in ...

Skepticism Grows on Medco/Express Scripts Deal
International Business Times - 2012-02-06
(Reuters) -- Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating ... from acquiring TaxACT software maker 2SS Holdings Inc. A CHORUS OF SKEPTICS The letter from the Food Marketing ...

Tsunami warning triggers stampede in Cebu City
Philippine Daily Inquirer - 2012-02-06
"We resumed normal operations at 1 p.m. There was no reported injury or damage to property," he said. Buildings managed by Cebu Holdings Inc. and most of those within its properties--Cebu Business Park and Cebu IT Park--were emptied after the earthquake.

Tsunami warning triggers stampede in Cebu City
Philippine Daily Inquirer - 2012-02-06
"We resumed normal operations at 1 p.m. There was no reported injury or damage to property," he said. Buildings managed by Cebu Holdings Inc. and most of those within its properties--Cebu Business Park and Cebu IT Park--were emptied after the earthquake.

Skepticism grows around Medco/Express Scripts deal
International Business Times - 2012-02-06
Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating ... from acquiring TaxACT software maker 2SS Holdings Inc. A CHORUS OF SKEPTICS The letter from the Food Marketing Institute ...

Francis Jardeleza is new Solicitor General
Philippine Daily Inquirer - 2012-02-06
Prior to his stint at the Office of the Ombudsman, Jardeleza was the senior vice-president and general counsel of food and beverage giant San Miguel Corporation (SMC). De Lima said Cadiz personally tendered his letter of resignation to President Aquino on ...

Cebu awards water services project to Manila Water
Rappler - 2012-02-06
... provincial government of Cebu has privatized and awarded its bulk water system services to a consortium led by Manila Water Company Inc. In a disclosure of Manila Water to the stock exchange on Monday, February 6, the project involves the supply of ...

Cebu awards water services project to Manila Water
Rappler - 2012-02-06
... provincial government of Cebu has privatized and awarded its bulk water system services to a consortium led by Manila Water Company Inc. In a disclosure of Manila Water to the stock exchange on Monday, February 6, the project involves the supply of ...

Monday caucus: secrecy or transparency?
Rappler - 2012-02-06
The prosecution is asking the Senate to subpoena bank officials from the Philippine Savings Bank (PSBank) and the Bank of the Philippine Islands (BPI) as well as the bank records of Corona, his wife, Cristina, and his joint accounts with daughter Carla and ...

COCKTALES: Brother scalps eldest brother in LMG market play
interaksyon.com - 2012-02-04
ChemPhil/LMG Chemicals chairman Antonio Garcia's scalp was badly nicked by, of all persons, his long suffering younger brother, Monchoy, after a stock market play engineered by the LMG camp blew up in the elder brother's face. Scrambling to meet the ...

Philippine H2O Ventures Corp (H2O)
investing.com - 2012-02-03
Philippine H2O Ventures Corp. is a holding company with business interests in local waterworks systems. The Company operates in utilities segment (CWC), which is engaged in the operation, maintenance and distribution of water supplies in the City of ...

SEC clears Interport shift to property development
interaksyon.com - 2012-02-02
Alongside the change in its primary purpose, the company also secured SEC approval for the change in name to IRC Properties Inc. to reflect its new thrust. The company is drafting a master plan for its 2,170-hectare property in Binangonan, Rizal ...

PSBank cites bank secrecy law
Philippine Daily Inquirer - 2012-02-01
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank group, said on Wednesday it was required by law to keep confidential all client accounts under its foreign currency deposit unit (FCDU). An FCDU is a banking unit authorized to ...

Metrobank group Expansions in Cebu, Visayas continue
Philippine Daily Inquirer - 2012-01-31
For their banking brands - Metrobank and Philippine Savings Bank, the group plans to add at least 50 branches nationwide in areas outside Metro Manila. "For the investment, siguro (maybe) about P5 million to P10 million for each branch opening will be ...

Philippine Stock Movers: First Gen Corp., SM Prime Holdings
Bloomberg - 2012-01-31
Shares of the following companies had unusual moves in Philippine trading. Stock symbols are in parentheses and prices are as of the noon break in Manila. The Philippine Stock Exchange Index rose 0.5 percent to 4,669.44. The measure is bound for a 6.8 ...

'We lost big' in Corona court - Megaworld
interaksyon.com - 2012-01-31
MANILA, Philippines - Megaworld Corp. on Tuesday denied that the substantially reduced price that Chief Justice Renato Corona availed for the purchase of his Bellagio penthouse in Fort Bonifacio in Taguig City was linked to the decisions made by the ...

Megaworld Corp. official presented as 7th witness of prosecution team
Philippine Daily Inquirer - 2012-01-30
MANILA, Philippines -- An official of Megaworld Corporation was the seventh witness presented by the prosecution team in the impeachment trial of Chief Justice Renato Corona. Giovanni Ng, finance director of Megaworld, took the witness stand on Monday.

ORIX LEASING AND FINANCE
sc.judiciary.gov.ph - 2012-01-25
31 and G.R. No. 174089, p. 133). 2 Docketed as G.R. No. 174089. Orix is formerly known as the Consolidated Orix Leasing and Finance Corporation. See Manifestation and Motion, records, pp. 533-536. 3 Docketed as G.R. No. 174266. 4 CA rollo, pp. 164-181 ...

Pangilinan group hikes Meralco stake to 48%
Rappler - 2012-01-24
MANILA, Philippines - The group led by businessman Manuel V. Pangilinan acquired additional 2.66% stake in power giant Manila Electric Company (Meralco) from the Lopez group for P8.85 billion. In a disclosure to the stock exchange on Tuesday, January 24 ...

90.7 Love Radio boosts claim as No. 1 FM Station
philstar.com - 2012-01-21
With this development, expect more innovations and exciting program ideas being mapped out by the radio operations think-tank at Manila Broadcasting Company for 90.7 Love Radio.

Trading restriction on 6 Gatchalian-controlled firms lifted
interaksyon.com - 2012-01-20
Hotel Corp., Forum Pacific Inc., Mabuhay Vinyl Corp., Philippine Estates Corp., Waterfront Phils. Inc., and Wellex Industries Inc. The companies however remain "subject to close watch," the PSE said. "The lifting of the trading restrictions is ...

Investment firm to take over Steniel Manufacturing
interaksyon.com - 2012-01-19
MANILA, Philippines -- Right Total Investments Ltd. is eyeing a controlling stake in Steniel Manufacturing Corp. Steniel Manufacturing told the Philippine Stock Exchange on Thursday that Right Total entered into a share purchase agreement for the ...

Investment firm to take over Steniel Manufacturing
interaksyon.com - 2012-01-19
MANILA, Philippines -- Right Total Investments Ltd. is eyeing a controlling stake in Steniel Manufacturing Corp. Steniel Manufacturing told the Philippine Stock Exchange on Thursday that Right Total entered into a share purchase agreement for the ...

ABS-CBN general counsel to lead Corona trial prosecution team
interaksyon.com - 2012-01-14
MANILA, Philippines - A top lawyer of ABS-CBN Corp. has gone on leave to lead the private prosecution team of the House of Representatives for the trial of Chief Justice Renato Corona on Monday. The Lopez-led broadcasting network, which is listed in the ...

Australian firm buys into Dizon, NiHao projects
Inquirer - 2012-01-12
is investing an initial $70 million to support projects of Dizon Copper-Silver Mines and NiHao Mineral Resources International Inc. Capital Gold director Christopher Louis Abbal de Lavigne told reporters after the signing of agreements with Dizon and NiHao ...

Department stores past their prime as retail anchors
Star Tribune - 2012-01-09
"It could be very positive," said Jim McComb, a veteran retail analyst with Minneapolis-based McComb Group Ltd ... at that store has been quixotic. "Several years ago, I was walking through the store and saw a very large display of INC [International ...

Greenergy Holdings eyes March listing of semiconductor unit
interaksyon.com - 2012-01-09
MANILA, Philippines -- Greenergy Holdings Inc. will push through with its plan to list its semiconductor business in the Philippine Stock Exchange in March this year. Antonio Tiu, Greenergy Holdings chairman and chief executive officer, said in a text ...

COCKTALES: Madrigal heiress - My Ortigas husband is a serial 'atsay-killer'
interaksyon.com - 2012-01-08
The wife, 63, then proceeded to detail other liaisons her 65-year-old husband had committed with one other maid, a staffer of the publicly-listed Concrete Aggregates Corp. (where Paqui was once president) and, worst of all, with her classmate in the ...

Senior Named Rizal Model Student; Junior Enters AYLC
su.edu.ph - 2012-01-05
The screening culminated in November with a final interview between over a hundred shortlisted applicants and top executives of the Ayala Corporation. Around 700 students applied to the program that is taking place next month.

Allegations baseless, malicious, says Megaworld
Philippine Daily Inquirer - 2012-01-05
Property developer Megaworld Corp. decried as "completely baseless" and "malicious" allegations that it had sold discounted upscale condominium units to Chief Justice Renato Corona in exchange for special court favors. "For the record ...

The case of the missing IRA
Inquirer - 2012-01-01
The listed Abacus Consolidated Resources & Holdings, known as ABA on the stock market ticker tape, is undergoing a major reorganization that will show some P600 million in windfall income in 2012. Abacus disclosed to the Philippine Stock Exchange that its ...

In Benguet, mining off to a good start
Philippine Daily Inquirer - 2011-12-31
A company report said if the results of three other drillings become positive and the South African-based mining company could get the approval of leaders of indigenous peoples in the town, Gold Fields would formally partner with Lepanto Consolidated ...

Abacus assigns gold assets to mining unit
Inquirer - 2011-12-31
Abacus Consolidated Resources and Holdings Inc. (ACRHI) said it had assigned its gold mining assets in Agusan del Sur and Surigao del Sur to its fully owned subsidiary as it explores the possibility of partnering with a Chinese group. In a disclosure to ...

Abacus Consolidated sees 2012 as banner year on mining, real estate boost
Philstar - 2011-12-27
MANILA, Philippines - Listed holding firm Abacus Consolidated Resources & Holdings Inc. said it expects 2012 to be a banner year for the company as it steps up activities in mining and real estate. In a disclosure to the stock exchange, Abacus president ...

Abacus consolidates operations, disposes investments, mining rights
interaksyon.com - 2011-12-27
MANILA, Philippines -- Abacus Consolidated Resources & Holdings Inc. (PSE: ABA) is tightening its operations as it decided to focus more on non-bank financial activities. In a disclosure to the Philippine Stock Exchange, the company said that its board ...

Philippine Stock Movers: Abacus, GMA Network, PAL Holdings
Bloomberg - 2011-12-27
The measure is set for a 3.8 percent gain this year, its third consecutive annual advance. Abacus Consolidated Resources & Holdings Inc. (ABA PM) added 1.1 percent to 92 centavos. The company will have a "banner year" in 2012, based on the revenue ...

Asian Terminals, Jollibee, San Miguel: Philippine Stocks Preview
Bloomberg - 2011-12-27
The Philippine Stock Exchange Index rose 0.3 percent to 4,387.06. Abacus Consolidated Resources & Holdings Inc. (ABA PM): The company will have a "banner year" in 2012 based on the revenue prospects of its mining and property projects, a stock exchange ...

Philippine Stocks: DMCI, SM Investments, SM Prime, Wellex
Bloomberg - 2011-12-23
2. Philippine Estates Corp. (PHES PM) jumped 18 percent to 23.5 centavos, the highest close since June 26, 2009, while Wellex Industries Inc. (WIN PM) advanced 17 percent to 28 centavos, the highest close since Jan. 16, 2008. The Philippine Daily Inquirer ...

Ongpin group completes PBCom takeover
Rappler - 2011-12-23
Ongpin has completed its takeover of mid-size Philippine Bank of Communications. In a disclosure to the stock exchange on Friday, Dec. 23, 2011, Ongpin-led ISM Communications said it has crossed shares, priced at P27.88 each, at the exchange "this morning."

Ongpin's long-time aide admits she's a dummy - Osmena
Rappler - 2011-12-23
including oil retailer and refiner Petron Corp., conglomerate San Miguel Corporation, mining firm Atok-Big Wedge, online gaming firm PhilWeb Corp, and PBCom Bank. He was a former trade secretary of the late strongman and former president Ferdinand Marcos.

Nikkei, Most Asia Markets Close Lower Monday on North Korea Leader's Death
International Business Times - 2011-12-19
Shares in Philippine National Bank shot up 9.4 percent. Manila Standard Today newspaper reported that the boards of Philippine National Bank and Allied Banking Corp had approved a merger that would create the country's fourth-largest bank with combined ...

Manila Water, Maynilad bare new rates for 2012
Philippine Daily Inquirer - 2011-12-16
Water services providers Manila Water Company Inc. and Maynilad Water Services Inc. said Friday they will raise basic charges starting Jan. 1, 2012, as approved by the Metropolitan Waterworks and Sewerage System (MWSS). Manila Water corporate ...

Ateneo, subdivisions take fight vs SM condo building to Ombudsman
Philippine Daily Inquirer - 2011-12-14
Ateneo and village representatives filed a graft case against the members of the 17th Quezon City Council, a building official and SM Development Corporation officers for the allegedly unjustified exemptions from the zoning ordinance given to SMDC for the ...

G.R. No. 188376
sc.judiciary.gov.ph - 2011-12-14
[33] On October 25, 2005, the same sheriffs resumed the public auction of Land Banks remaining PLDT shares of stock and First Gen Corporation bonds. Lubrica was again declared the highest bidder.[34] The sheriffs then issued two certificates of sale in ...

Ateneo files graft raps vs QC council over SM condo
Philippine Daily Inquirer - 2011-12-13
Ateneo de Manila University and residents of subdivisions in the Loyola Heights area are set to file graft charges Wednesday against the Quezon City council for granting SM Development Corp. (SMDC) a permit to build a 42-story condominium on the traffic ...

Ongpin aide is dummy, says OsmeƱa
Philippine Daily Inquirer - 2011-12-12
The Ongpin group also controls publicly listed gaming firm Philweb Corp., ISM Communications Inc. which has interests in Eastern Telecommunications Philippines and real estate firm Alphaland Corp. which was involved in putting up Alphaland Southgate Tower ...