SUBIC BAY FREEPORT — The Subic Bay Metropolitan Authority (SBMA) expects to generate additional revenue of as much as P70 million with the transshipment operation here of Brazil’s Vale Mining, the world's biggest iron ore producer.

MANILA — Philippine shares advanced by 1.21 percent or 57.76 points to close at 4,816.33, while the broader all-share index added 1.05 percent or 33.56 points to 3,244.25.

MANILA — The Philippine Stock Exchange (PSE) lauded the move of the Securities and Exchange Commission (SEC) to grant self-regulatory organization status (SRO) to the Capital Markets Integrity Corp. (CMIC).

MANILA — Five local construction firms have expressed interest to join the bidding for the multi billion-peso rehabilitation of the Ninoy Aquino International Airport (NAIA) Terminal 1, according to the Department of Transportation and Communications (DOTC).

MANILA — The Department of Transportation and Communications (DOTC) on Monday said it expects to auction the construction of a mass rail system going to Cavite in the first half of the year.

MANILA — The Mindanao Business Council (MBC) has decided to step into the Tampakan issue to save the benefits of this huge investments.

MANILA — Binalot Fiesta Foods Inc. (BFFI), home of classic Filipino dishes wrapped in banana leaves, has tied up with Robinsons Malls to be able to get prime locations for Binalot stores.

MANILA — Sy-led Banco de Oro Unibank Inc. (BDO) on Monday said it plans to issue US-dollar denominated fixed rate senior notes for its capital raising activities.

MANILA — The Land Bank of the Philippines posted strong financial performance in 2011, with net income reaching a record high and sustained growth in loan portfolio, deposits and assets.

MANILA — Philippine shares rose to a fresh peak of 1.43 percent or 68.07 points to close at 4,826.64 Monday noon, with most subindices ending in positive territory.

MANILA — State-owned National Power Corp. (NPC) has laid down an eight-point workplan for 2012 to 2014, which includes improvements in NPC’s financial systems and collection efficiency.

MANILA — The Department of Energy has sought advise from the Joint Congressional Power Commission whether there is a legal impediment for the Philippine Electricity Market Corp. as the registration and billing agent for open access and retail competition.

MANILA — The board of Semirara Mining Corp. has authorized the execution of several conditions in favor of its bank lenders in connection with the syndicated term loan of up to P14 billion to be secured by its wholly-owned subsidiary Southwest Luzon Power Generation Corp. (SLGC).

ZAMBOANGA CITY — The local government has so far recorded an increase of P15.97 million in its collection in the renewal of business permits this year compared with the same period of last year.