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NEW YORK CITY: Today Asia Society announced the appointment of Josette Sheeran, the vice chairperson of the World Economic Forum (WEF), as the seventh president and chief executive officer of the institution. Sheeran will assume office on June 10. “Josette Sheeran is a proven executive with a long and successful record…

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High-end property developer Rockwell Land Corp. is spending around P12 billion for its projects within the year, as it broadens its presence with the launch of new projects and acquisition of a three-hectare property in Cebu province. The company is also seeing a significant improvement in its net profit in…

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Listed cement-manufacturing firm Lafarge Republic Inc. (LRI) is set to expand its capacity with a plan to put up a new cement mill in Rizal province, among other expansion activities within the year. A disclosure to the Philippine Stock Exchange showed that the new cement mill will have an annual…

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Vulcan Industrial and Mining Corp. may complete the backdoor listing plan for National Book Store early next year. “We are still working out with our auditors in terms of valuation. We are still finalizing which assets will be transferred. So at this point, we have approvals in place,” Vulcan Director…

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Entrepreneur of the Year Philippines for 2012 Jaime Ayala, founder of Hybrid Social Solutions Inc. (HSSi), is heading to Monte Carlo, Monaco, to compete in the Ernst & Young World Entrepreneur of the Year awards. Ayala will be among 49 country winners who also will be inducted into the World…

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The operator of Cebu Pacific has filed a petition for the reallocation of entitlements to Doha, Qatar, according to the Civil Aeronautics Board (CAB). CAB documents showed that the Gokongwei-led carrier wants to fly three time a week in Doha, Qatar. The airline currently offers flights to 19 international destinations.…

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