Wenn Deramas, Box-Office Filipino Director, Dies of Cardiac Arrest
The Filipino showbiz industry woke up to a sad news that box-office Filipino director Wenn Deramas died due to cardiac arrest on Monday. He is 49 years old. The news…
Phoenix Petroleum Posts 47% Income Growth
Phoenix Petroleum Philippines, Inc. (PNX.PM) posted a 47% increase in net income in 2015, earning Php 905.9 million compared to Php 616.4 million in the previous year, the company said…
BDO Leasing Profits up 10% to P556 million in 2015
BDO Leasing and Finance, Inc. (BDO Leasing) posted a 10% increase in net income to P556 million in 2015. The company’s strong performance was driven by the 16 per cent…
Manulife Financial Corporation Completes Preferred Share Offering
TORONTO – Manulife Financial Corporation (“Manulife”) today announced that it has completed its offering of 16 million Non-cumulative Rate Reset Class 1 Shares Series 21 (the “Series 21 Preferred Shares”)…
South Luzon Thermal Energy Co Starts Operations
South Luzon Thermal Energy Corporation (SLTEC), announces the start of operations of its second 135 MW Unit (Unit 2) in Calaca, Batangas, doubling the capacity of the plant and bringing…
Bridgestone Canada Expanding Joliette Plant with USD300M Investment
Bridgestone Canada is expanding its Canadian passenger and light truck tire manufacturing facility in Joliette with a USD300 million investment. In a statement, the company said the investment, which will…
Cebu To Host Franchise Summit
CEBU CITY – Cebu will host this year’s franchising event that seeks to help regional franchises survive growing competition and educate the public on franchise investments. The event, dubbed Franchise…
Philippine Stock Exchange Posts Php683M Income in 2015
Amidst market volatility, the Philippine Stock Exchange (PSE) posted a net income of Php683 million (US$14.4 million) in 2015, representing a 21 percent decrease from its net income in 2014.…
CapitaLand Posts S$1.07 Billion Profit in FY 2015
CapitaLand, one of Asia’s largest real estate companies headquartered and listed in Singapore, posted a total PATMI of S$1.07 billion in fiscal 2015, underpinned by the recurring income from its…
Insurance News Brief: IAG Sets Up Startup Fund
Insurance Australia Group (IAG) has setup a new fund that will buy stakes in disruptive technology companies, joining major Australian firms in doing so. Details about the said startup fund…
Living Cell Technologies Completes $2.8m Private Placement
Living Cell Technologies Ltd (ASX:LCT) has completed the placement of 54,607,546 shares at $0.05063 to wholesale investors residing in New Zealand, raising $2.8 million. The issue price is a 10…
XTV Inks Mobile Apps Deal with InCapta
Australian Securities Exchange (ASX)-listed xTV Networks Ltd (ASX:XTV) has signed a master services agreement with mobile app developer InCapta (OTCPK:INCT) for the development of innovative mobile applications using xTV’s Cloud…
iWV Names Darren Ong Group Country Sales Manager
Darren Ong joins ICONZ-Webvisions (iWV) on 1 February 2016 as the new Group Country Sales Manager for Managed Hosting, Singapore, the company said in a press statement. Reporting directly to…
SEMICON Southeast Asia 2016 Returns to Penang, Malaysia
PENANG, Malaysia- SEMI, the global industry association serving the nano- and micro-electronic manufacturing supply chains, will once again be hosting SEMICON Southeast Asia (SEMICON SEA), the region’s premier showcase for…
New Life Insurers in Bangladesh Report Losses in 2015
The 13 newly licensed life insurance companies in Bangladesh have all reported incurring losses throughout last year due to declining premium income and high management cost. This was the content…
Cooper Energy To Sell Indon Permits to Mandala Energy
Cooper Energy Ltd (ASX:COE), an Australian Securities Exchange-listed exploration and production company, has announced its signing of agreement for the sale of its Indonesian exploration assets to Mandala Energy Limited,…
Finding the Right Property in OUG Parklane
Looking for an apartment is an entirely different beast from looking for a house – but even then, a lot of the basic rules still apply. When it comes to…
China-Led Group Buys Chicago Stock Exchange
A China-led consortium of investors has reportedly acquired the Chicago Stock Exchange (CHX), one of the oldest stock exchanges in the United States, for a still undisclosed amount, although sources…
Singapore Airlines Now Owns More Than 90% of Tiger Airways
Singapore’s flagship carrier, Singapore Airlines (SIA), has announced that it will take steps to delist Singapore-headquartered budget airline Tiger Airways as SIA now holds more than 90 percent stake in…
Globe Telecom Reports 15% Rise in 2015 Revenues
Philippine telecommunications company Globe Telecom Inc announced that its full-year consolidated service revenue in 2015 reached Php113.7 billion (US$2.38 billion), 15 percent higher than the previous record level of Php99…