tag:blogger.com,1999:blog-7681929423630009082011-11-27T15:35:23.950-08:00KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.comBlogger611100tag:blogger.com,1999:blog-768192942363000908.post-28013002397358090422011-05-11T04:20:00.000-07:002011-05-11T04:20:37.366-07:00

(May 10, 2011) Globe Telecom, Inc (PSE:GLO). delivered strong results, with first quarter consolidated revenues reaching a record high of P16.5 billion. The growth momentum in the mobile business was sustained, resulting in service revenues of P13.1 billion. The fixed line and broadband business likewise posted strong revenue performance, surpassing last year’s level by 26% to close at P3.4

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-88014582817784590642011-05-01T17:44:00.000-07:002011-05-01T17:44:54.894-07:00

Vista Land and Lifescapes (PSE:VLL) announced plans to expand Lessandra, the low‐cost housing unit of Camella, with additional projects worth P12 billion nationwide this year. Vista Land president Benjamarie Serrano said Lessandra  P40 billion worth of from 2007 to 2010. VLL envisions that there will be a Lessandra presence in most Camella communities throughout the country. Serrano explained

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-65361829945443738962010-11-07T20:20:00.000-08:002010-11-07T20:20:57.741-08:00

Low fare leader and pioneer, Cebu Pacific (PSE: CEB) announced increase in flight frequencies for eight of its major international routes in Hongkong, Singapore, Kuala Lumpur, Brunei, Seoul, Bangkok,  Vietnam and Jakarta.   The expansion will be powered by an expanded fleet with three brand-new Airbus A320 aircraft delivered in the last quarter of 2010. Starting December, 2010:Manila - Hong Kong

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-90076771554330323292010-11-02T22:05:00.000-07:002010-11-02T22:05:21.281-07:00

Globe Telecom doubled its broadband subscriber base to 1M subscribers in Sept 2010, up from 517,355 subscribers in 2009.  Globe Telecom, with one of the largest WIMAX deployments in Southeast Asia, posted tremendous growth in its broadband users, with a compounded growth rate of 123% since 2006, in DSL (wired Internet), Broadband Tatoo (mobile wireless Internet) and WIMAX (fixed wireless Internet

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-71387776521198934992010-10-20T21:26:00.000-07:002010-10-20T21:26:25.929-07:00

Emperador Distillers, Inc.reported a net income of P1.061 billion for the first three quarters of 2010.  Emperador Distillers President Winston Co said “This goes down as the highest income that we have ever achieved for a nine-month period, and it’s already 86 percent higher than that for the whole year of 2009.” Co expects 2010 to be a banner year in revenue and income for EDI. He added: “We

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-8312232904230242932010-10-20T21:06:00.000-07:002010-10-20T21:06:01.102-07:00

TKC Steel Corporation announced the forthcoming completion of its major capacity and capability enhancement project with the commissioning work of the first blast furnace in Iligan City.  This is the first of two blast furnace modules undertaken by subsidiary, Treasure Steelworks Corporation (TSC). The Iligan City blast furnace is scheduled for cold testing to ensure all components of the system

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-21273424294139425302010-10-12T18:22:00.000-07:002010-10-12T18:34:23.215-07:00

SM Prime Holdings, Inc. (SM Prime) announced that it has entered into a lease contract with Everjust Realty Development Corporation for a 46,296 square meter (sqm) lot in Barangay Lamac, Municipality of Consolacion, Cebu Province. SM Prime intends to build on the leased property its second mall in the province,after SM City Cebu. The new mall will be named SM City Consolacion Cebu."The signing

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-12966668816545139592010-04-13T19:25:00.000-07:002010-04-13T19:38:16.126-07:00

Integrated Micro-Electronics Inc. (IMI) of the Ayala Group announced the official opening of its new factory in Chengdu, Sichuan Province in southwestern China.Members of IMI’s board of directors and management committee, led by chairman Jaime Augusto Zobel de Ayala, president Arthur Tan, and board member Gerardo Ablaza Jr., attended the event graced the inauguration ceremony held on April 9,

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-12519092358925227842010-03-01T08:40:00.001-08:002010-03-01T08:50:43.380-08:00

Geothermal leader Energy Development Corporation (EDC) expects to save US$40,000 a day from its new state-of-the-art drilling rig with Variable Frequency Drive (VFD) and Amphion Integrated Rig Control System, the most modern in the country. EDC President and COO Richard Tantoco said:“With this new state-of-the-art rig, we will achieve significant operational efficiency by reducing our drilling

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-67045369583723994322010-02-22T19:25:00.001-08:002010-02-22T19:36:12.624-08:00

DMCI Homes expects higher sales and profit this year amid expectations of an economic recovery that will drive demand for medium-rise residential buildings.DMCI Homes, the property and housing arm of the Consunji-led DMCI Holdings, Inc., has allotted P4.5 billion construction budget for the year 2010. “We expect to sell better this year than last year,” DMCI Homes Managing Director Alfredo R.

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-84881848579234545402010-02-09T19:15:00.001-08:002010-02-09T19:20:29.305-08:00

The country’s leading oil refining and marketing company Petron Corporation ( PSE:PCOR)said it has completed the 1st phase of its retail network expansion program. From January 2009 to January 2010, Petron has opened 200 new service stations across the country bringing its total service station count to 1,463—the largest retail network in the industry.“We intend to pursue our network expansion

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-56422363934028903312010-02-09T19:11:00.001-08:002010-02-09T19:14:50.156-08:00

In a disclosure to the Philippine Stock Exchange, JEFFREY C. LIM, Executive Vice President of listed SM Prime Holdings, Inc.(PSE:SMPH), confirmed that SMPH, the country’s largest mall operator, will invest P12 billion this year to put up 11 new malls until 2011.The Henry Sy-led firm is looking to tap the new Real Estate Investment Trust or REIT Law and secure about $300 million of funds to help

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-27100114874490712452009-12-03T19:58:00.000-08:002009-12-03T20:02:37.309-08:00

SM Development Corporation (SMDC) launched its latest residential condominium project, the Princeton Residences, during ceremonies held at The Podium in Mandaluyong City on 25 November 2009. The Princeton Residences will be constructed in a lot located along Aurora Boulevard in Quezon City, right beside the Gilmore station of the LRT (light railway transit) Line-2.Roger R. Cabuñag, SMDC president

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com1tag:blogger.com,1999:blog-768192942363000908.post-14948379756449909062009-12-03T18:54:00.000-08:002009-12-03T19:01:16.452-08:00

Sumitomo Corporation, one of the world’s leading trading and investment companies, has partnered with Philippine Savings Bank (PSBank), a member of the Metrobank Group, to form a PhP2-billion motorcycle financing company.Sumisho Motor Finance Corporation will provide financing for all motorcycle brands at easy-to-acquire terms. It has already secured regulatory approvals from the Bangko Sentral

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-66732273949462711932009-11-08T20:02:00.000-08:002009-11-08T20:08:23.462-08:00

MANILA, Philippines, 05th November 2009Metro Pacific Investments Corporation (“MPIC”, PSE: MPI) today reported that the Board of Directors in its regular meeting held today, approvedthe Term Sheet between MPIC and First Philippine Holdings Corporation ("First Holdings"), in relation to, amongst other things:the provision of a loan in the amount of approximately PhP11.2 billion by MPIC to First

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-59804008170672304712009-09-28T01:33:00.000-07:002009-09-28T01:41:59.499-07:00

Typhoon “Ondoy” (tropical storm Ketsana) hit Metro Manila last September 26, 2009 causing unprecedented flooding in 80% of the metropolis.Entire towns were submerged in floods and in some areas, cars and trucks were swept by the waters like inflatable toys. As of Monday, Sept 28, 2009, 95 were confirmed dead, 280,000 displaced, 30 missing. Many were still stranded in flooded areas with thousands

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-10734869679462438032009-09-16T22:58:00.000-07:002009-09-16T23:08:21.951-07:00

ePLDT's BPO subsidiary SPI acquires Laguna Medical Systems, Inc. (LMS) SPi Expands Healthcare Platform by Adding Medical Coding Consulting Services to Its Portfolio.WASHINGTON, DC. Sept 02, 2009. SPi, a leading global business process outsourcing (BPO) company, today announced that it has acquired Laguna Medical Systems, Inc. (LMS) for an aggregate purchase price of US $8.25 million.LMS has 50+

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-47318771338124632822009-09-16T22:38:00.000-07:002009-09-16T22:54:04.697-07:00

Manila. Sept 3, 2009. Treasure Steelworks, a subsidiary of TKC Steel Corporation, has commissioned its new Eccentric Bottom Tapping Electric Arc Furnace (EBT-EAF) as part of its capacity and capability enhancement projects.Full commercial operation of the new facility is expected to start as soon as the series of tests for direct charging of beneficiated iron core are completed.As part of the

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-13518447918721179952009-08-18T21:52:00.000-07:002009-08-18T21:59:04.365-07:00

The impact of the global financial crisis was felt in the Philippines starting October 2008 as exports decreased, manufacturing dropped, stock index declined and car sales weakened. However, statistics point to modest signs of recovery by the end of the 1st quarter of 2009. Multiple indicators dropped beginning October 2008:Manufacturing: the value and volume of production index and capacity

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-69884876505894667462009-07-31T20:07:00.000-07:002009-07-31T20:25:16.904-07:00

July 2009. Conglomerate San Miguel Corporation (SMC) emphasized that its aggressive diversification program is a way to secure future growth for the company and spur economic growth and development in the Philippines.Bucking the global economic downtrend, San Miguel posted positive results for 2008, which reported P19.3 billion in consolidated net income for 2008, 124% higher than in 2007, is

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-67861019951190397522009-07-20T21:18:00.000-07:002009-07-20T21:40:43.999-07:00

Philippine food and beverage giant San Miguel Corporation confirmed it has expressed interest in taking over operations of global agro-industrial company Dole Food Co., in the Philippines and in other Asian countries as part of its core business expansion.Ramon Ang, SMC President and Chief Executive Officer said:"San Miguel is interested in Dole Philippines, but it is willing to consider Dole’s

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-15947256976315996342009-06-01T01:21:00.000-07:002009-06-01T01:25:57.285-07:00

AP Renewables, Inc. (APRI), a wholly owned subsidiary of Aboitiz Power Corporation (AP), paid today to the Power Sector Assets and Liabilities Management Corporation (PSALM) the P8.29 billion downpayment on the purchase price of the 289 MW Tiwi geothermal power plant facility in Albay and the 458 MW Makiling-Banahaw geothermal power plant facility in Laguna (collectively referred to as the “

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-5544447741846352632009-06-01T01:09:00.001-07:002009-06-01T01:09:54.599-07:00

Citing significant growth in the number of Sun subscribers, Gokongwei-led Digital Telecommunications Philippines, Inc (Digitel) expects its mobile unit Sun Cellular to double service revenues and even take the lead in the postpaid segment this year.Digitel Vice Chairman, President and Chief Executive Office James L. Go said: "We are expecting that our service revenues in Sun Cellular will incur a

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-52986612562347353142009-06-01T00:59:00.001-07:002009-06-01T01:02:24.561-07:00

Major telecommunications companies signed in Kuala Lumpur last May 25 , 2009, a Memorandum of Understanding (MOU) to plan and develop the an international undersea cable system within the Asia Pacific Region.The proposed Asia Pacific Gateway Cable System will link major economic growth countries in the Asia Pacific region. It is currently planned to link Malaysia, Singapore, Thailand, Vietnam,

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-47788602684793103432009-06-01T00:33:00.001-07:002009-06-01T00:42:51.489-07:00

The Philippine Long Distance Telephone Co. (PLDT) will launch later this year the most advanced broadband delivery platform called Fiber To The Home, or FTTH, to deliver high-speed data services to residences and buildings.FTTH uses fiber optic technology which transmits data via light signals sent through hair-thin strands of pure glass. Instead of the usual copper going to the homes of

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-61759739469442492962009-06-01T00:17:00.000-07:002009-06-01T00:25:08.363-07:00

Petron, the Philippines' leading oil refining and marketing company upsizedthe issuance of its Fixed Rate Corporate Notes (FXCN) to P10 billion from the original amount of P3 billion due to high demand from participating banks.This was announced during the signing of the Note Facility Agreement May 29, 2009. The issue, one of the largest corporate note issuances in the history of Philippine debt

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-90680993677882801712009-05-10T19:30:00.000-07:002009-05-10T19:34:25.176-07:00

In a disclosure to the Philippine Stock Exchange, Lopez controlled Energy Development Corporation confirmed on-going tender for EDC’s 86 MW Burgos Wind power Project and details of the article “EDC Mulls increase in wind power capacity” published in the May 6, 2009 issue of The Philippine Star.The article reported, in part, that:“ (EDC) .... is looking at the possibility of increasing its wind

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-65562671827332381492009-05-10T19:21:00.000-07:002009-05-10T19:28:18.089-07:00

Globe Telecom registered consolidated service revenues of P16.0 billion in the first quarter of 2009, 3% higher than last year given the steady performance of the Company’s wireless business and the sustained expansion of its broadband and wireline data business. Revenues from the wireless business increased by about P120 million or 1% year on year to reach P14.0 billion, while the wireline and

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-64816866583562787552009-05-10T19:14:00.000-07:002009-05-10T19:19:25.557-07:00

Philippine conglomerate SM Investments Corporation (SM) reported last May 6 that with the opening of an SM department store and an SM supermarket at the newly inaugurated SM City Naga in Camarines Sur on Friday, May 1, 2009, SM’s retail network has hit a landmark, now with a total of 100 stores. SM’s retailnetwork is composed of 34 SM department stores, 25 SM supermarkets, 14 SaveMore branches,

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-33860624192720436242009-04-28T23:04:00.000-07:002009-04-28T23:11:40.075-07:00

SM Development Corporation (SMDC) reported a 30-fold increase in its first quarter 2009 consolidated net income to Php419 million coming from just Php14.0 million in 2008. Real estate operations continue to underpin the company's sharp growth, even with the recovery of the equities market, which tempered profits last year due to mark-to-market losses in SMDC's investment portfolio.Net income from

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-57557917408911590632009-04-28T22:55:00.000-07:002009-04-28T23:02:42.277-07:00

Diversified food company RFM Corporation once again displayed its resilience amidst the economic slowdown, with net income increasing to P245 million or about five percent higher than the previous period’s P234 million on the back of a 23 percent growth in sales.In a disclosure to the Phil. Stock Exchange and Securities and Exchange Commission, RFM President and CEO Jose Concepcion III said that

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-40514239645589360592009-04-28T22:43:00.000-07:002009-04-28T22:53:51.531-07:00

Manila Water Company, Inc. (MWC) has formally signed a joint venture agreement with the Philippine Tourism Authority (PTA) for the design, financing, construction and operation of the Boracay water supply and sewerage system. In a disclosure to the Philippine Stock Exchange, Glorina de Castro of Manila Water said the agreement officially recognizes Manila Water as PTA's private partner in the

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-90658287326561151652009-04-28T22:31:00.000-07:002009-04-28T22:42:52.178-07:00

PhilWeb Corporation, the Philippines’ first listed Internet company, more than doubled its net income for the first quarter of 2009, showing continued strength in its core gaming businesses. "Our Net Income was up 108% vs. the same quarter last year," said Dennis Valdes, president of the company, "or a total of Php96 million vs. Php46.2 million. That's more than double the previous year."PhilWeb

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-50326880972855447252009-03-11T20:23:00.000-07:002009-03-11T20:39:56.203-07:00

Fernando Zobel de Ayala, Chairman of Ayala Land, Inc. and Manila Water Corp. announced last March 2 several movements in both companies’ senior management line-up effective after the respective companies’ annual stockholders’ meetings in April. The movements have beenapproved by the respective companies’ Board of Directors:Jaime I. Ayala, current Ayala Land President, will return to Ayala

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-88870900031449009722009-03-01T19:08:00.001-08:002009-03-01T19:13:01.971-08:00

Philex Mining Corporation, the Philippines' largest mining company, is now more a gold mine than a copper mine, according to Dr. Walter W. Brown, Philex Chairman and Chief Executive Officer.Since the price of gold has been testing US$1,000 per ounce recently, and copper prices have seen weak levels in the last few months as a result of the declining demand in the housing market and automobile

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-77979087800530711382009-03-01T18:34:00.000-08:002009-03-01T18:46:57.672-08:00

THE PHILIPPINE STOCK EXCHANGE (PSE) announced in a press release that it has entered into a memorandum of understanding (MOU) with the other ASEAN Exchanges to create a trading linkage allowing investors from the ASEAN countries to buy or sell ASEAN-listed securities through their local brokers. The MOU was signed last month during the 7th ASEAN Exchanges CEOs Meeting in Bangkok, Thailand.The

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-47754404719244226352009-02-11T23:54:00.000-08:002009-02-12T00:04:43.412-08:00

Berong Nickel Corporation production dipped down to only 16,279 tons of ore for the fourth quarter of 2008.Production was reduced in response to the increasing stock levels, deteriorating markets and onset of the non-shipping window.In October to February, laterite ore shipments are difficult due to rough sea conditions, making loading unsafe.In a disclosure to the Philippine Stock Exchange,

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-22376257989047740102009-02-03T21:33:00.000-08:002009-02-03T21:36:55.642-08:00

The Philippines' National Census and Statistics Board reported lower agricultural production in Zamboanga peninsula for 2008: palay dropped 0.44%, camote by 5%, corn by 17.24%, abaca by 19%. Higher production was reported for calamansi (9.72%) and cassava (5.57%).Total palay production output during January to December 2008 for Zamboanga Peninsula decreased by about 0.44 percent or 2,449 metric

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-79331352032888047862009-02-03T20:51:00.000-08:002009-02-03T21:26:37.665-08:00

The Philippines' National Census and Statistics Board reported 5.5% higher aquaculture production in Zamboanga peninsula for 2008, with Zamboanga del Sur posting the highest increase of 17.67 percent, due to the unloading of some fishing boats coming from Zamboanga Sibugay province.Aquaculture production of Zamboanga Peninsula rose mainly due to increase in area harvested and production of

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-57082366411699069622009-02-03T01:36:00.000-08:002009-02-03T01:45:14.974-08:00

Manila. Feb 3, 2009. Globe Telecom recorded its highest quarterly revenue performance in the fourth quarter of 2008 with service revenues of P16.3 billion, up 5% quarter-on-quarter and surpassing the previous best of P16.1 billion from the same period in 2007. In 4Q 2008, Globe maintained its momentum in wireless subscriber acquisitions by adding one million SIMs, ending the year with a total

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-25128034633458692802009-01-27T03:27:00.001-08:002009-01-27T03:34:14.582-08:00

Holcim Philippines announced it will be shutting downs it cement plants for six weeks as demand for the product weakens. In a disclosure to the Philippine Stock Exchange, Holcim said that there is no plan to close HLCM's remaining cement lines. Holcim Chief Operating Office (COO) Ian S. Thackwray said it is possible any of the HLCM's plants may need to have short shutdowns due to the current

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-35990862052381442252009-01-27T03:20:00.000-08:002009-01-27T03:24:36.722-08:00

26 January 2009Jollibee confirmed today that sales increased by 13% in 2008, but profit is expected to slightly go down. Jollibee Chairman Tony Tancaktions said the high cost of raw materials last year squeezed the company profits. Jollibee maintains a positive outlook for this 2009 due to lower prices.

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-25744040294095943692009-01-27T03:06:00.000-08:002009-01-27T03:19:19.236-08:00

PhilWeb Corporation reported that is net Income from core business rose to P229.5 million for 2008, 90% higher than last year’s P120.8 million.PhilWeb President Dennis Valdes said "The key driver of core Net Income continues to be our PAGCOR e-Games Cafes...In 2008, we opened 45 new cafes, a 59% increase in outlets, ending the year with 121 cafes."Consolidated net income totaled P287.3 million up

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-54400923004465136712009-01-20T18:28:00.000-08:002009-01-20T18:36:46.567-08:00

19 January 2009. Pasay City, Philippines.SM Investments Corporation (SM) announced today that it garnered awards from two international publications.SM was voted as one of the Philippines’ Best in Corporate Governance for 2008, based on a survey by The Asset Magazine. The other awardees were Manila Water, Ayala Corp, Globe Telecoms, and Bank of the Philippine Islands.SM was also awarded the 2008

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-53446373569880566702009-01-13T20:18:00.000-08:002009-01-13T20:28:18.135-08:00

SM Prime Holdings, Inc. launched the SM City Fairview Annex on January 15, 2009, adding add 28,600 square meters (sqm) of gross floor area (GFA) to the main mall and increasing SM Fairview’s total GFA to 182,783 sqm.SM Prime President Mr. Hans Sy said "Quezon City remains to be one of SM Prime’s most important local partners, and continues to be a domain for further growth.” Quezon City hosts

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-23094665840841881212009-01-11T23:50:00.000-08:002009-01-11T23:55:29.375-08:00

Korean Electric Power Corporation (Kepco) and SPC Power Corporation has inked power supply contracts with several electric cooperatives in the Visayas, paving the way for the construction of a new power plant in the region.These KEPCO-SPC Power supply contracts include supply of350 million kilowatt-hours per year to Central Negros Electric Cooperative324 million kilowatt-hours per year to

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-25991868431914765872009-01-11T23:06:00.001-08:002009-01-11T23:18:36.952-08:00

In a disclosure to the Philippine Stock Exchange last January 8, Philippine web portal Yehey! Corporation confirmed that it is bullish about doubling revenues to P140 million in 2009 amid an economic crisis that threathens most companies' profits.Yehey already controls a huge chunk of the Philippine digital marketing industry, which is expected to reach P800 million in 2009.

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-80069638455375098142008-12-21T23:22:00.000-08:002008-12-21T23:29:30.381-08:00

The Philippine Star reported today that UK-based Global Green Power Plc. (GGPP) is expanding its operations in the Philippines with new investments worth P9.3B in the country’s power sector.The investments, made through GGPP’s Philippine affiliate Green Power Panay Philippines Inc.(GPPPI), will pave the way for the construction of two major renewable energy biomass-fired power plant projects.

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-77240134822823327112008-12-21T19:29:00.000-08:002008-12-23T22:58:54.154-08:00

Megaworld Corporation, the country’s #1 residential condominium buildings developer, is still quite bullish for the real estate industry, as it expects P1.4 billion in sales revenues from its fifth Greenbelt-area project.Dubbed Greenbelt Madison, the 31-story building will rise along Salcedo St. in Legaspi Village, Makati City. The location puts it a block away from Ayala Avenue, the country’s

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-46329904495795007362008-12-19T09:38:00.000-08:002008-12-23T22:58:54.170-08:00

Manila, Philippines, December 15, 2008 --(PR.com)-- Mozcom PayEasy Online Payment System ("PayEasy") has signed up as a Channel Partner of PayPal, the world’s leading online payment provider. With this development, local online merchants can now instantly add PayPal as a payment option to their shopping carts or online payment modules, when they open a PayEasy merchant account. There is no need

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-47993681325097053172008-12-16T22:26:00.000-08:002008-12-23T22:58:54.185-08:00

iRemit Forges New Partnership with the Philippine Retirement AuthorityI-Remit, Inc (iRemit) reported that its remittance volume for the first ten months of this year grew by 47 percent to $902 million compared with the same period last year.iRemit's growth continues to soar higher than the industry. In its recent report, the Bangko Sentral ng Pilipinas registered cumulative remittances of US13.7

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-28061825557227588322008-12-15T20:17:00.000-08:002008-12-23T22:58:54.206-08:00

14 December 2008Qtel Sees “Huge Potential” for Expansion and Growth within the Philippines Gloria Macapagal-Arroyo, President of the Philippines, Meets with Qtel Chairman to Discuss Social and Economic Benefits of AdvancedCommunicationsDoha, Qatar Senior executives from Qatar Telecom QSC (“Qtel”) (Ticker: QTEL.QA), today met with Gloria Macapagal-Arroyo, President of the Philippines, to review

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-32850307664957588262008-12-14T20:56:00.000-08:002008-12-23T22:58:54.225-08:00

(15 December 2008. Pasay City, Philippines.) Philippine conglomerate SM Investments Corporation (SM) reported that with the opening of a new SM Supermarket branch in Cubao, Quezon City yesterday, 14 December 2008, its retail network has expanded by 12.6% to a total of 98 stores, composed of 33 SM department stores, 24 SM supermarkets, 13 SaveMore branches, 13 SM hypermarkets, and 15 Makro

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-61308403330094525682008-12-14T20:49:00.000-08:002008-12-23T22:58:54.236-08:00

Senior executives from San Miguel Corporation(SMC) and Qatar Telecom QSC(QTEL) signed a memorandum of understanding to partner today in wireless broadband and mobile communications projects in the Philippines.Qtel acquired in May 2008, Liberty Telecoms Holdings, Inc, a holding company whose subsidiaries provide wireless voice and data telecommunications services.The strategic agreement will see

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-2250727728237527402008-12-12T09:59:00.000-08:002008-12-23T22:58:54.250-08:00

(12 December 2008. Pasay City, Philippines.) SM Investments Corporation (“SM”) reported today that its property subsidiary SM Land, Inc. will pursue the transformation of the 60-hectare Mall of Asia Complex into a world-class business and entertainment hub fronting the famous Manila Bay. The plan runs in line with the group’s thrust into tourism development as SM develops other projects such as

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-58617239140094229032008-12-10T22:55:00.000-08:002008-12-23T22:58:54.268-08:00

The Philippine National Bank (PNB) has completed its divestment from the Beneficial-PNB Life Insurance Company, Inc. (BenLife) with the signing of a Deed of Absolute Sale covering its 40% equity interest in said company. PNB's shareholdings were acquired by the firm's majority owners, namely FMF Development Corporation and Merje Trading, Inc. The buyers turned over to PNB P350 Million on November

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(11 December 2008. Pasay City, Philippines.) SM Prime Holdings, Inc. (SM Prime) announces the soft opening of The Annex at SM North Edsa on Friday, 12 December 2008. The new annex will add 90,000 square meters (sqm) of gross floor area (GFA) to the main mall, which is located at the corner of EDSA and North Avenue in Quezon City. With The Annex, SM City North Edsa’s GFA expands to 425,000 sqm,

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-33140235394880304962008-12-10T02:57:00.000-08:002008-12-23T22:58:54.288-08:00

(10 December 2008. Pasay City, Philippines.) SM Prime Holdings, Inc. (SM Prime) will open its 33rd mall in the country on Friday, 12 December 2008 in Baliwag, Bulacan. SM City Baliwag occupies 93,000 square meters (sqm) of land and has a gross floor area (GFA) of 61,554 sqm. Its total leasable area is 42,171 sqm with two of its anchor tenants, SM Department Store and SM Hypermarket occupying

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-10863688944135148752008-12-09T03:54:00.000-08:002008-12-23T22:58:54.298-08:00

Rhederick B. Inciong, CFO and Vice President of Pacific Online Systems Corporation, in a disclosure to the Philippine Stock Exchange said:'...Pacific Online Systems Corporation ( Pacific Online ) has entered into a distribution agreement for its ScratchIT instant tickets with Metropass Systems Incorporated (Metropass).Metropass owns and operates 22 retail store outlets in all 13 Metro Rail

KC dela Cruzhttp://www.blogger.com/profile/03980884220994284593noreply@blogger.com0tag:blogger.com,1999:blog-768192942363000908.post-30992914535071492662008-12-09T03:44:00.000-08:002008-12-23T22:58:54.309-08:00

Ferdinand Constantino, San Miguel Corporation's Corporate Information Officer, in a disclosure dated December 8, 2008, to the Philippine Stock Exchange stated that the San Miguel Board of Directors authorized the company to enter into an option agreement with Ashmore Group for the purchase of up to 50.1% of Ashmore's interest in Petron Corporation.More...

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The Business Expectations Survey reported:Business confidence in Q4 2008 improved slightly relative to the previous quarter, although the overall confidence index (CI) remained negative. The CI at -6.8 percent, went up by 6.1 percentage points quarter-on-quarter. This moderate uptick may be due to the recent easing of world oil prices as well as expectations of a seasonal pick-up in demand and

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