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Nickel Asia shipments surge 165% in 9 months

Nickel Asia Corporation reported a 165 percent surge in estimated shipment value for the first nine months of 2014 to P20.6 billion from the P7.8 billion posted in the same period last year due to higher volume and prices. “We are delighted that the Company has been able to produce strong volume growth, both in […]

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MRT maintenance contract bidding reset

The existing maintenance service provider of the Metro Rail Transit (MRT) 3 will have to stay longer as the government postponed the bidding of the new maintenance contract for the transportation facility. The Department of Transportation and Communications (DOTC) has deferred the deadline of submission and opening of bids for the P2.2-billion three-year maintenance contract […]

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Global market for snack foods worth $374 billion – Nielsen report

Global consumers spent $374 billion on snack foods annually between 2013 and 2014, a year-on-year increase of 2 percent, according to a new global report released  by Nielsen. While Europe and North America make up the majority of worldwide snack sales at US$167 billion and US$124 billion respectively, Southeast Asia’s developing nations are contributing significantly […]

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Atlas’ Carmen Copper unit secures $90-M loans

Carmen Copper Corporation, a wholly-owned subsidiary of Atlas Consolidated Mining and Development Corporation, has secured US$90 million in loans to fund its capital expenditures and to refinance its outstanding short-term loan obligations. In a disclosure to the Philippine Stock Exchange, Atlas said Carmen Copper has executed bilateral term loan agreements with the banking institutions for […]

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9th Asset Forum set Oct. 16

Hong Kong -– The Asean integration and the funds passporting scheme and how these twin developments will impact on the Philippine capital market will be analyzed in The Asset 9th Philippine Forum set on October 16 at the Shangri-La Makati. Headlining the event as keynote speakers are Manuel Huberto B. Gaite, commissioner of the Securities […]

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NG debt payments decline 38% to P25.29 B in August

The national government debt payments dropped by more than a third in August this year due to slimmer settlement of principal obligation, data from the Bureau of Treasury showed yesterday. Treasury data showed that total debt payments in August 2014 decreased 38 percent to P25.29 billion from P40.89 billion in the same month last year. […]

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Sustainability in the board room

Philippine National Bank and Lucio Tan Group’s Board of Directors came in full force to listen to Institute of Corporate Directors (ICD)’s forum with Harvard’s Professor Lynn Paine talk on “Sustainability in the Board Room.”  She started by saying that capitalism has made people wealthier than ever before but that capitalisms’ future is not assured”.  […]

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Manila to host first water-borne infrastructure workshop on Oct. 16

The Philippines is hosting the first water-borne infrastructure workshop on October 16 at the Traders Hotel in Manila to be attended by different local and foreign water-borne decision-makers. The event, which will carry the theme “Improving Maritime Waterborne Infrastructure to Meet Climate Change Challenges,” is also aimed at creating a PIANC-Ph that will spearhead collaboration […]

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SSI Group adjusts timetable for IPO

Specialty retailer SSI Group, Inc. adjusted the timetable of its scheduled initial public offering (IPO) at the Philippine Stock Exchange which will now be held on November 6 instead of November 5. Recently, SSI Group has cut its IPO price to R7.50 per share, instead of R12.50 per share, reducing its prospective proceeds to R7.45 […]

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Oil prices fall further

Singapore  – Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth woes and supplies increase. US benchmark West Texas Intermediate for November delivery fell $1.23 to $84.59 — its weakest for two years — while Brent North Sea crude lost $1.24 to a four-year low of […]

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