The Negros Navigation Co., Inc. is expecting to end up with a net income of P1 billion for 2011. A complete turnaround from its previous result last year when it ended up with loss of half a billion.
Nenaco president and chief executive officer Sulficio Tagud said that this is on the back of projected consolidated [...]

Vista Land and Lifestyles Inc. reported that it has earmarked P45-billion for capital expenditure plans for the next three years. Vista Land chief executive officer Benjamarie Serrano said, “We are in the midst of an aggressive expansion program that will entail significant capital expenditures over the next three years and beyond.”

Broadcast media giant GMA Network Inc. has approved the declaration of P2.187 billion cash dividends, or P0.45 per share. In its disclosure to the Philippine Stock Exchange, the network giant said the record date for the cash dividend is on April 8, and the payment date is on May 5. The declaration of cash dividend [...]

The Sta. Ana Racetrack in Barangay Carmona, Makati is about to get a facelift, as its operator Philippine Racing Club, Inc. (PRCI) and property giant Ayala Land Inc. (ALI) recently signed a joint-venture agreement that would the 21-hectare racetrack into a mixed-use complex. The deal was stated by both companies in their separate disclosure to [...]

Ayala Land Inc.  (ALI) is planning to offer P2.02 billion worth of investment bonds, which the company called “Homestarter,” this May. The property giant would like to offer the bonds to retail investors who would like to put up seed money to buy residential units. This will be the fourth time that ALI will be [...]

The Clark Development Corporation (CDC) said that it expects the employment at the Clark Freeport Zone to surge this year as operations of new investments starts. The CDC said as early as the end of January 2011, the number of workers in Clark had already grown by an annual 4.7% already.  The Freeport Zone administrator [...]

A Qatar-based telecommunications company is looking to increase further its investment on Philippine soil. Qatar Telecom QSC (QTel), has a minimal investment in a local listed firm, Liberty Telecommunications Holdings, Inc. The company, through its chairman Abdul Bin Saud Al-Thani, said that prospects in the Philippine telecommunications were so good that they feel that new [...]

The Philippine franchising today is so strong in terms of income and investment. And even the global economic crisis didnt slow it down and now with the global economic crisis slowly going to recover the franchising industry has more and more investment to offer.
The Association of Filipino Franchisers Inc. (AFFI) even said [...]

Six banks are being tapped by the Department of Finance (DOF) for its planned peso-denominated global bonds. Finance Secretary Cesar Purisima said they are planning to launch these global bonds within the month or immediately after the European and US summer holiday. The six banks being mandated for the plan will act as arrangers for [...]

A P600-million regional tobacco leaf warehouse was inaugurated recently by Philip Morris Philippines Manufacturing Inc. (PMI) at the Subic Techno Park inside the Subic Freeport Zone. The said facility cements the place of the Philippines as tobacco leaf warehouse hub of Philip Morris in the Asia Pacific region.
Armand C. Arreza, Subic Bay Metropolitan Authority (SBMA) [...]

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.

The IP E-Game Ventures, Inc., the online gaming unit of listed information technology firm IPVG Corp., is getting ready to go public after fulfilling the requirement of the Philippine Stock Exchange (PSE) to be listed by way of introduction last February of this year.

Nestlé Philippines Inc., the Philippine unit of Swiss food and beverage giant Nestlé, is not going to pull out of the country and relocate in Indonesia as earlier reported. In fact, John Miller, chairman and chief executive officer (CEO) of Nestlé Philippines, said they are investing in a new facility south of Manila.

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 Philippine’s top producer of biodiesel, resins and oleochemicals, Chemrez Technologies, Inc. (ChemrezTech), has announced that its board of directors has approved the cash dividends worth a total of about P158.6 million to be declared. The company said in its disclosure to the Philippine Stock Exchange (PSE) that a regular cash dividend of six centavos [...]

Chana and FAW are Chinese-made car brands which are exclusively distributed in the country by Focus Ventures Inc. Now, the company is mulling the setting up of an assembly plant in the Philippines. President Stephen D. Sy of Focus Ventures said they are looking at a number of factors before they finally decide to proceed [...]

San Miguel Corporation has sealed a deal to take over the Mariveles Grain Terminal in Bataan by Asian Terminals Inc. (ATI).
ATI said in its disclosure to the Philippine Stocks Exchange (PSE) that its board had approved the sale of its wholly owned subsidiary Mariveles Grain Corp. (MGC) to a “private unlisted Philippine purchaser.” However, the [...]

Another company is the subject of the charges filed by the Bureau of Internal Revenue for tax evasion. This time, the BIR filed a criminal case against Nanox Philippines, Inc., a Japanese company that manufactures liquid crystal display (LCD) screens, for its failure to pay its taxes worth over P200 million.
BIR Deputy Commissioner for Legal [...]

Gokongwei-led Digital Telecommunications Philippines Inc. (Digitel) plans to increase its budget for capital expenditure (Capex) for 2010 from $250 million to $350 million this year. This is in line with the company’s effort to aggressively expand its network to match rivals Philippine Long Distance Telephone Co. (PLDT) and Globe Telecoms Inc.
James Go, Digitel president and [...]

The Gokongwei-led Cebu Air Inc. recently announced its plan to hold an initial public offering (IPO) this year. However, as of date, the airline company is still undecided whether it will push through or not. Chances are it will be deferred.
JG Summit president Lance Gokongwei said that the IPO might need to wait further until [...]