Conglomerate Ayala Corp. is planning to sell as much as P10-billion in 10-year innovative bonds via public offering to beef up its cash position. In its disclosure to the Philippine Stock Exchange, Ayala plans to issue at least P6 billion “multiple puttable” retail bonds with an option to increase by P4 billion in case of [...]

“Our intention is to stay in Pandacan and to continue to reduce the footprint of the depot as economic progress spreads out of Metro Manila.” These were the words of Edgar Chua, country chairman for Shell Companies in the Philippines.   Pilipinas Shell Petroleum Corp. is not about to transfer its oil depot in Pandacan, Manila [...]

To raise funds to pay for its maturing debt, the country’s biggest power distributor, Meralco Electric Co., will be selling P4.8 billion worth of seven- and 10-year notes. In its disclosure to the Philippine Stock Exchange, the electric company signed an agreement to sell the seven- and 10-year fixed rate bonds at a price of [...]

The boracay is one of the finest travel destination here in the philippines. But now it can turn into a not so good destination because some of the tourist that are going there are not caring about its environment so it is going to be destroyed little by little.
But some private corporation and non-government organization [...]

Good news for many of us, Mr. President Benigno Simeon C. Aquino III is coming home with $2.8 billion pledges of investment. This also includes the Millennium Challenge Corp. that grant $434 million and will be using for road construction, tax administration projects and specially for fighting the poverty.
This will help our economy to grow [...]

The Dept. of Energy said that the half of the debts on the power sector can be or may be recovered from the consumers. The National Power Corp. (Napocor), Power Sector Assets and Liabilities Management Corp. (PSALM), and the National Transmission Corp. (Transco) had a P932.21 billion of obligations that can be [...]

Since 2008 the etradata Corp. started to operate in the philippines. And since then they gained countless of customers and some of the known personalities in the field of
business.
Now they are planning to have a new project and the analytics said that Teradata Corp. is planning to expand their business operations and will build the [...]

The real estate subsidiary of conglomerate San Miguel Corp. (SM) is planning to launch soon, the country’s first “underwater hotel.” The said project is part of the four new developments of San Miguel Properties Inc. (SMP) which will start next year, as the company’s foray into the tourism segment begins.

Convergys Corp., the largest private employer in the Philippines, is planning to hire additional 3,600 new employees as it expands its five existing sites in the country to bring their total number of workforce to 25,000 by the end of 2010. Marife Zamora, country manager of Convergys Philippines, said the expansion is meant to meet [...]

The country’s power sector, including renewable energy projects, is likely to get a big boos from the World Bank (WB). WB’s private sector arm, the International Finance Corp. (IFC), is looking at pouring in more than $300 million in investment to the said industry in the Philippines.
IFC resident representatives to the Philippines, Jesse Ang, said [...]

La Filipina Uy Gongco Corp., a relatively unknown local company owned by businessman Alfonso Uy, seems to be just a short step away from clinching the deal to acquire the Mariveles Grains Terminal of Asian Terminal Inc. (ATI).  La Filipina has beaten conglomerate San Miguel Corp. (SMC) in its bid for the purchase of ATI’s [...]

The country’s biggest homegrown fastfood company, Jollibee Foods Corp., is expanding its operations in China this year as it plans to open 60 more new stores, which accounts for the bulk of its international expansion program. Jollibee Foods Chairman and Chief Executive Tony Tan Caktiong said during the company’s annual stockholders’ meeting, “Our foregoing expansion [...]

Up to P10 billion worth of stocks in the Bank of the Philippine Islands (BPI) will be purchased by the Ayala Corp. Chief finance officer Delfin C. Gonzales Jr. of Ayala Corp., in a disclosure to Securities and Exchange Commission (SEC) said the board has approved the subscription “to our pro-rata share in the [...]

Clenergen Philippines Corp. a company who is into renewable energy, is planning to conduct an initial public offering (IPO) in the next 18 months.
Mark Quinn, Chief Executive Officer of the company, said they are looking at the IPO as an venue to raise funds which it will be using for its renewable energy development projects. [...]

The Naga power plant in complex Cebu. The Power Sector Assets and Liabilities Management Corp. (PSALM) opened the bidding process for the independent power producer administrator (IPPA) contract to manage the output of the said power facility.
The state-run agency said it already issued the invitation to bid (ITB) to parties who might be interested to [...]

Manila Water Co. will be part of a consortium that will be formed to buy United Utilities Plc.’s wholly owned subsidiary, United Utilities Australia Pty Ltd. (UUA) and its affiliates for A$225 million. Others that will be part of the consortium are Mitsubishi Corp., Innovation Network of Japan and JGC Corp.

National Power Corp. (Napocor) president Froilan Tampinco that they will be offering about P15 billion worth of peso-denominated bonds and want it to be in place within the month. The proceeds for the bond offerings would be used to fund the company’s budget requirement for the rest of the year and up to the first [...]

Homegrown fastfood giant Jollibee Foods Corp. continues to extend its presence in China as it recently acquired one of the local beef noodle there. In its disclosure to the Philippine Stock Exchange, Jollibee said it will be investing RMB30 million ($4.39 million) to secure 55 percent stake on the San Pin Wang restaurant chain.
Another RMB20 [...]

The Metro Pacific Group is confident that it has won the bidding for the concession to operate the country’s longest expressway, the Subic-Clark-Tarlac Expressway (SCTEx). Metro Pacific Tollways Corp. (MPTC) believed it virtually clinched the hotly contested concession after it has submitted an “improved” bid package to the government. “We have submitted a final improved [...]

The Ayala Land Corp. is earmarking P3 billion to funds its new development project in the Makati central business district (MCBD) North, The Lerato. The new project consists of three tower residential development and retail area.
Alveo Land President Dante M. Abando said during their pre-selling and launching that they have already sold 115 of the [...]