The Manila Times

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PT Basic Energi Solusi, the foreign investment firm of Philippines’ Basic Energy Corp. and Malaysian firm Petrosolve Sdn Bhd, is set to acquire the management rights of 10 oil wells in Indonesia. In a disclosure to the Philippine Stock Exchange, Basic Energy said that it has arrived at an agreement…

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Globe Telecom was recently named Asia’s Outstanding Company on Corporate Governance during the 9th Corporate Governance Asia Recognition Awards held in Hong Kong. “Globe Telecom strongly believes that integrity, accountability and transparency in all aspects of the business are crucial ingredients to the company’s success,” said Carmina Herbosa, Globe head…

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High-end listed developer Shang Properties Inc. is eyeing further growth toward the full-year 2013, on the back of the sales expected from its residential developments also this year. “We anticipate the remainder of the year to also show very robust growth, because the sales for One Shangrila Place and Shang…

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Listed real-estate developer Century Properties is eyeing Palawan, where it has close to 100 hectares of properties, as the next location for its future developments. Century Properties Chairman Jose E.B Antonio said during the Second Philippine Financial Forum held on Wednesday that the company has close to 100 hectares in…

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The retail group of tycoon Henry Sy that successfully ventured into real estate, SM Development Corp. (SMDC), has launched its new project, Breeze Residences, to rise along Roxas Boulevard in Pasay City. The 38-storey project is on its preselling phase, targeting the young market between the ages of 30 and…

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The Yuchengco-led contractor EEI Corp. has earmarked P483 million this year to invest in new construction equipment and other fabrication capabilities. For this year, P483 million is being allocated for capital expenditure of new equipment, said Roberto Jose Castillo, EEI president and chief executive officer, in his report presented during…

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Food and beverage company RFM Corp. has jacked up its capital spending for this year by nearly a third, to expand its brand distribution as well as its facilities, among others, a company official said. The capex of the company for this year is higher than its capex in the…

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Over the last three months, Kaspersky Lab has found 20,000 new modifications of popular mobile malware. This is nearly half of what the Kaspersky Security Network (KSN) company found in the whole of 2012. “The number of apps for Android is constantly on the rise, and it is often a…

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About 400 farmers from Region 8 (Eastern Visayas) successfully completed their University-on-the-Air (UOA) training on May 30, 2013, that was conducted by the Philippine Center for Postharvest Development and Mechanization (PhilMech) and the Department of Agriculture-Regional Field Unit 8 (DA-RFU8). “The aim of the UOA is to provide training to…

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MOSCOW: Russian President Vladimir Putin has described United States (US) intelligence leaker Edward Snowden as “ a free man,” confirming that he is still in a Moscow airport transit zone and rejecting calls for his extradition to the United States. In his first comments about the chase for Snowden that…