The Manila Times

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The Gokongwei-led conglomerate, JG Summit Holdings Inc., has earmarked $1-billion capital spending for this year with bulk of it to be used by its property arm Robinson’s Land Corp. (RLC). This is considered by the firm as the highest capex it has allocated for a year. Lance Gokongwei, president and…

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Although SM Investments Corp. (SMIC) has made it clear that it doesn’t need further fund raising for its projects yet, the holding firm for tycoon Henry Sy’s businesses is not closing its door to good financing deals. During the 2nd Philippine Financial Forum, SMIC Chief Financial Officer Jose Sio said…

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The $400-million project of the Southeast Asia-Japan Cable (SJC) system is now operational. The system, supplied by TE SubCom and NEC Corp., provides connectivity to key destinations to meet the growing bandwidth requirement in the region and allow for cost effective and resilient connectivity to other submarine cable systems. “The…

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First Metro Investment Corp. (FMIC), the investment-banking unit of Metrobank Group, has sold 200 million Global Business Power Corp. (GBPC) shares to a Japanese firm for P7.15 billion. GT Capital Holdings (GTCap), in its disclosure to the Philippine Stock Exchange, announced that FMIC conducted a share sale and purchase agreement…

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Newly approved low-cost carrier, Tiger Airways Philippines, said on Thursday that it is willing to spend $15 million in working capital for 2013. The carrier also plans to increase its revenue forecast to P5 billion for this year, three times higher than 2012. “I think the investment is more on…

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The Bureau of Internal Revenue (BIR) on Thursday filed tax evasion charges with the Department of Justice amounting to P484.45 million. In a statement, the bureau said that it has filed separate criminal complaints against Blackhole Integrated Phil-US Inc., Danex Signs Inc. and Sherry Ann Molino for the violation of…

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DELL on Thursday launched an enterprise-class capabilities solution for branch office companies and the small- and medium-business market. According to Christopher Papa, Dell Philippines country manager, the new solution dubbed as “PowerEdge VRTX” can be tailored for specific application and workload use cases. The PowerEdge VRTX, he added, was designed…

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The current economic roller coaster ride (growth?) and standstill we are partaking as regards our claim of economic advancement (real or reel?) seem ineffective, if we are to relate it to what the situation really is, as far as the life of the citizenry is concerned. Our experience of protracted…

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ZAMBOANGA CITY: Kidnappers have demanded P70 million for the safe release of three people abducted in Western Mindanao. The captors of Al Rojas, a clerk at the Western Mindanao State University in Zamboanga City, have demanded P20 million for his freedom, his family said. Rojas, who was previously reported as…

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SOMETIMES, life brings messy moments—the time the kids get crazy with confetti, say, or decide they want to help you bake cookies. Fortunately, with the right techniques and tools, you can relax and enjoy those moments and then clean it all up without spoiling the fun. Good clean (messy) fun…