In response to the steady rising of oil prices, the Aquino government is planning to resort to “extreme legal measure” by issuing an executive order that would ban further oil price increases. The same has been done during the Arroyo administration when Executive Order was in issued in 2009 to freeze oil prices.
Department of Justice [...]

Giant conglomerate Ayala Corp. allots a record-high P79 billion for its capital expenditures this year. The company said it is in an excellent position to delve into various investment opportunities. It is particularly eyeing the power and infrastructure sector.
During the annual stockholders’ meeting, chairman Jaime Augusto Zobel de Ayala said that while the company is [...]

Despite of the looming merger of rival Philippine Long Distance Telephone Co. (PLDT) and Digital Telecommunications Philippines Inc., (Digitel), the Ayala Corp. said it has no plans of leaving the telecommunications business.
Ayala and partner Singapore Telecommunications Ltd. (SingTel) were excited about the prospect of its Globe Telecom Inc., despite the tougher competition brought about by [...]

At the height of the controversy surrounding the closure of the Aguire-led Banco Filipino Savings & Mortgage Bank, Philippine Deposit Insurance Corp. (PDIC) president Jose Nograles has resigned from his post as head of the state-run deposit insurer.
Sources were quick to clarify that the decision of Nograles to quit was not in any way connected [...]

The country’s telecommunications pioneer that provides landline, data, Internet and broadband services Eastern Communications, announced that it has received the International Organization for Standardization ISO 9001:2008 certification for its quality management system.

The Department of Transportation and Communications (DOTC) sent invitations to qualified parties to submit an expression of interest for the interim contract (4+1 years) of the operations and maintenance of Light Rail Transit (LRT) 1 and Metro Rail Transit (MRT) 3 system.

Listed Cebu Air Inc. was the first company brave enough to hold an initial public offering (IPO) after the global financial meltdown. It was also the second largest IPO in the history of the Philippines Stock Exchange (PSE). From the IPO, the company was able to raise P23.3 billion. The bulk of the fund came [...]

The Philippine Long Distance Telephone Co. (PLDT downplayed fears that its takeover of rival Digitel Telecommunications Philippines Inc. would hinder competition in the local telecommunications industry. The telecom giant in fact said that the PLDT-Digitel merger would even be beneficial to the industry and would bring in better services and more competitive prices for consumers.
PLDT’s [...]

Possibly fearing that theirs could go the way of Jan-Jan’s case and escalate into another media frenzy, McDonald’s Philippines immediately pulled out its add which was tagged by some as the “BF-GF commercial” after the Catholic Bishops’ Conference of the Philippines (CBCP) called for them to stop airing the ad.

The Department of Justice (DoJ) received charges filed by Bangko Sentral ng Pilipinas (BSP) and Banco Filipino Savings and Mortgage Bank against each other. To conduct a  preliminary investigation on the said charges, Justice Secretary Leila de Lima formed a three-man panel lead by Senior State Prosecutor Rosanne Balauag, and members Assistant State Prosecutors Bernardo [...]

Splash Corporation reported its profit up to 500 percent to P144 million in 2010 from P23.74 million in 2009. The leading personal care manufacturer reported to the Philippine Stock Exchange that its big financial figures last year can be attributed to its strong performance across all its business segments – domestic, international and direct selling.
Splash [...]

Local oil companies raised their prices anew, even before the fuel subsidy for public utility jeepneys (PUJs) and tricycles could even be implemented. The prices for gasoline and diesel were increased by P1.50 to P1.75 a liter and kerosene by P1.40 a liter.
The first to implement the latest price increase were Pilipinas Shell Petroleum Corp., [...]

The PNOC Exploration Corp. is already starting its preparations for a public-offering of its shares after its directors finally gave the go-ahead. However, the board deferred to give its decision on the actual date so as to be able to pinpoint the proper timing and conditions, according to PNOC-EC chair and CEO Gemiliano C. Lopez [...]

For the third straight year, the largest Filipino-owned business process outsourcing (BPO) company SPi Global was awarded in an annual BPO recognition ceremony. This year, it was named as “BPO Company of the Year” besting seven other finalists at the 5th International ICT Awards awarding ceremony organized by the Canadian Chamber of Commerce of the [...]

ACM Landholdings Inc., a niche property developer founded 18 years ago by two Filipina banking and finance executives based in Hong Kong, is planning to be listed in the Philippine Stock Exchanges to raise as much as P1 billion fresh fund to meet brisk demand for low-to medium-cost housing.
Thus far, ACM has delivered to as [...]

In its effort to alleviate the plight of Filipino families who have love ones working abroad, Globe Telecom announced that it will continue to provide more affordable rates for international services.
Head of Overseas Filipino Communities and Alliances, Consumer Marketing of Globe Telecom Richie Sison said “In these times of uncertainties in other parts of the [...]

The Philippine Long Distance Telephone Co. (PLDT) seeks to regain its dominance in the telecommunication industry as it buys competing company Digital Telecommunications Philippines Inc. (Digitel).
PLDT said it forged a deal to acquire 51.55% of the third-ranked Digitel valued at a value of P69.2 billion ($1.6 billion). The deal includes a share swap and the [...]

Lepanto Consolidated Mining Co. Inc. has set aside P700 million for its capital expenditures for 2011. In its disclosure with the Securities and Exchange Commission (SEC), Lepanto said it would embark on an aggressive development program of the upper levels of the Victoria mine in Mankayan, Benguet where production for the year will be concentrated.
The [...]

A total of P49 billion for its capital expenditures (capex) this year is being allocated by the Aboitiz Equity Ventures Inc. (AEV), the bulk of which will be used to fund its proposed coal-powered projects. According to company senior vice president and chief financial officer Stephen G. Paradies, P46 billion of the capex would go [...]

The Pami Asia Balanced Fund, the fund management unit of the Philam group, has been given license by the Securities and Exchange Commission to operate as an open-end investment company and to register its entire authorized capital stock consisting of eight million common shares at a par value of P0.45 each. The new mutual fund [...]