Wednesday, September 24, 2014
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  • Alsons buying Indophil for P14b

    Alsons buying Indophil for P14b

    Alsons Prime Investments Corp., a Mindanao-based company led by businessman Nicasio Alcantara, is acquiring Indophil Resources NL of Australia for Au$361 million, or more than P14 billion. Alsons Prime is a unit of Alsons Consolidated Resources Inc., while Indophil, a mining company listed on the Australian...
  • Current account surplus hits $3.9b

    Current account surplus hits $3.9b

    The country’s current account, which represents the external trade position, posted a $3.9-billion surplus in the first half of the year, down 10.3 percent from $4.4 billion a year ago, the Bangko Sentral ng Pilipinas said Monday. The Bangko Sentral said the current account surplus represented 2.9...
  • Inflation seen rising after storms

    Inflation seen rising after storms

    Consumer prices are likely to move higher in the fourth quarter, because of the food supply disruption caused by two recent typhoons and the lingering impact of the truck ban in Manila, an official of the Bangko Sentral ng Pilipinas said over the weekend. Bangko Sentral Deputy Governor Diwa Guinigundo said in...
  • Young German entrepreneur aims to transform PH car market

    Young German entrepreneur aims to...

    Fritz Simons, a German entrepreneur, celebrated his 23rd birthday on Sept. 18 in the Philippines, one of the 18 countries where carmudi.com, a global company he established with two partners, is changing the way cars are sold. Fritz Simons Why the young German bachelor chose to be in the Philippines during...
  • Maybank keen on PH acquisition

    Maybank keen on PH acquisition

    Maybank Philippines, a member of the Maybank Group of Malaysia, said Thursday night it is in exploratory talks with some local banks for possible acquisition or merger to strengthen its presence in the country. Maybank Philippines president and chief executive Herminio Famatigan Jr. told reporters in an...

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Alsons buying Indophil for P14b

about 1 hour ago | 0 comment
Alsons buying Indophil for P14bAlsons Prime Investments Corp., a Mindanao-based company led by businessman Nicasio Alcantara, is acquiring Indophil Resources NL of Australia for Au$361 million,...

Filinvest Land loses BoI incentives

about 1 hour ago | 0 comment
Filinvest Land loses BoI incentivesFilinvest Land Inc., the real estate unit of the Gotianun family, has reclassified its planned business park in General Trias, Cavite into a residential...

Ayala investing P75b in Pampanga

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Ayala investing P75b in PampangaProperty developer Ayala Land Inc. is investing P75 billion over a 20-year period to transform a 1,100-hectare property in Porac, Pampanga into a masterplanned...

Seven vying for Apo geothermal output

about 1 hour ago | 0 comment
Seven vying for Apo geothermal outputSeven groups are expected to attend the bidding for the right to manage the output of Mount Apo 1 and 2 geothermal power plants today.

BSP clears Lucio Co’s acquisition of 37.7% stake in PBCom

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BSP clears Lucio Co’s acquisition of 37.7% stake in PBComThe Bangko Sentral ng Pilipinas has approved businessman Lucio Co’s acquisition of a 37.7-percent stake in the Philippine Bank of Communications for P5.9...

Ted Failon, you the man!

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Ted Failon, you the man!Philippine National Police chief Director General Alan Purisima must be fuming at multi-awarded broadcast Journalist Ted Failon for the latter’s persistence...

GSIS, SSS set to boost bond mart

about 1 hour ago | 0 comment
GSIS, SSS set to boost bond martBy Clarissa Batino The Philippines is taking measures to boost trading in the government debt market, paving the way for more competitive pricing between buyers...

Govt OKs Mindoro geothermal project

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Govt OKs Mindoro geothermal projectThe Environment Department has granted Emerging Power Inc. an environmental compliance certificate to proceed with drilling works on its $185-million Mindoro...

Filipinos rely heavily on govt pension — poll

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Filipinos rely  heavily on govt pension — pollMajority of Filipino investors are satisfied with their government pension, the highest in all markets surveyed, but that sentiment is based on some risky...

Stock market falls; Bloomberry climbs

2 hours ago | 0 comment
Stock market falls; Bloomberry climbsStocks fell for the second day on profit- taking following overnight losses on Wall Street and after the peso fell to a four-month low against the US dollar.

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