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IP E-Games announces plans to acquire CyBr brand of Internet cafes

IP E-Game Ventures, Inc. ,  the publicly listed online gaming subsidiary (PSE: EG) of technology firm IPVG Corp. (PSE: IP) announced last May 22, 2011, its plans to acquire a chain of 23 Internet cafes under the brand “CyBr”. The latter is owned and operated by the company CyberOne Technology Corp. (CyberOne).

E-Games is [...]

Cebu Pacific boosts domestic tourism with additional flights

Expects 3 brand-new Airbus A320 in October

Cebu Pacific (PSE:CEB) will increase domestic flights in the 4th quarter of 2011, making available 33% more seats compared to the same period last year.

Cebu Air Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes [...]

MPIC and PCEV raise Meralco holdings

Metro Pacific Investments Corporation (“MPIC’) and PLDT Communications and Energy Ventures, Inc (“PCEV”) today announced that their joint venture, Beacon Electric Asset Holdings Inc. (“Beacon”), has signed a Pesos 11 billion finance facility in connection with Beacon’s acquisition of an additional four percent voting and  interest in Manila Electric Company (“Meralco”).

Jose Ma. K. [...]

Globe Subscribers up to 27.3 Million

(May 10, 2011) Globe Telecom, Inc (PSE:GLO). delivered strong results, with first quarter consolidated revenues reaching a record high of P16.5 billion. The mobile business posted improvements on most key subscriber metrics, for both the postpaid and prepaid brands. In the first quarter, gross acquisitions for the postpaid brand soared to a new record [...]

Megaworld starts Iloilo Business Park project

Megaworld Corporation, the Philippines’  leading developer for residential condominium and business process outsourcing (BPO) office projects broke  ground for its Iloilo Business Park project last  May 6, 2011.

The company is setting aside P2.5 billion initially over the next two years to develop the road network within the 54.5-hectare IT park and for the construction of Richmonde [...]