San Miguel Corp.
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UPDATE 2-San Miguel ally buys stake, may trigger takeover
Top Frontier buys 28 percent stake for $1.36 bln * Says may make tender offer for rest of San Miguel shares * Bought stake from SanMig retirement fund at 75 pesos/shr * San Miguel A shares jump over 5 pct (Adds details on...
UPDATE 1-Manila's Petron plans $212 mln pref share issue
MANILA, Nov 27 (Reuters) - Top Philippine refiner Petron Corp said it plans to raise as much as 10 billion pesos ($212 million) through the sale of preferred shares to fund capital spending on its refinery operations and repay...
Lopez group says to keep stake in Manila Electric
MANILA, Nov 26 (Reuters) - First Philippine Holdings Corp , controlled by the Lopez family, has no plans to unload its remaining 6.7 percent stake in power retailer Manila Electric Co, its chairman said on Thursday. 'We don't...
Tribal groups oppose construction of Laiban Dam project in Quezon province
LUCENA CITY, Nov. 26 (PNA) – Tribal leaders in Northern Quezon are up in arms against the proposed construction of a huge dam project, a hydropower project and a manganese mining operation within their ancestral settlements in...
ASIA LOCAL BONDS-Philippine yields ease as deficit hopes rise
By Saikat Chatterjee HONG KONG, Nov 25 (Reuters) - Philippine bond yields slipped on Wednesday as investors bet the government's growing fiscal deficit would stay well within market expectations. DEFICIT HOPES Five-year bonds...
T-bill rates move sideways
MANILA, Nov. 24 (PNA) – The average rate of Philippines three- and six-month Treasury bills (T-bills) slightly dropped on Monday while the one-year debt paper rose. The rate of the 91-day paper declined to 3.79 percent from...
Liberty hikes spending, incurs bigger loss
Nov 23, 2009 (The Manila Times - LIBERTY Telecom Holdings Inc. said its losses rose sharply in the third quarter of the year, as the company ramped up spending to hire more staff and rehabilitate its network in preparation for...
SE Asia Stocks-Indonesia outperforms; Thailand falls
BANGKOK, Nov 20 (Reuters) - Singapore stocks edged slightly higher on Friday as top bank DBS rose after an analyst's upgrade, and Indonesia climbed almost 1 percent, with lenders such as Bank Danamon and Bank Negara rising on...
Manila's Philex Mining jumps early on buy-in talks
MANILA, Nov 20 (Reuters) - Philex Mining Corp jumped as much as 9 percent in early trade on Friday following a newspaper report saying the president of San Miguel Corp was in talks to buy 22 percent of the Philippines' top...
UPDATE 1-Philippines blows past 2009 budget gap target in Oct
By Karen Lema MANILA, Nov 18 (Reuters) - The Philippines blew past its full-year budget deficit target just 10 months into the year and is banking on the sale of its shares in San Miguel Corp to limit its shortfall to a record...
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