Bits and Snippets of the Philippines

Basic Reading of Global Filipinos

Archive for June 2012

Ruffa Gutierrez Launches Her Website

with 2 comments

One of the splash pages in iloveruffag.com

She just tweeted, “I’m LIVEEE!! Check me out at http://t.co/5pwH2lq8“. Her biography page starts with “Sharmaine Ruffa Gutierrez, more popularly known as Ruffa Gutierrez…” but quips something that’s bound to raise eyebrows, “Considered showbiz royalty in the Philippines…” and ends it with “To date, Ruffa remains to be one of the most in demand celebrities in the Philippines and one of its most celebrated faces.” Wow!

But you gotta love the photos!

Website link: http://iloveruffag.com/

Photo from iloveruffag.com

_

Advertisements

Written by Raffy Pekson II

June 30, 2012 at 9:03 am

PAL Raises 17 Billion Pesos in Fresh Funds

leave a comment »

Philippine Airlines (PAL) is increasing its authorized capital stock worth 17 billion Pesos or 85 billion common shares which will be subscribed to by PAL Holdings. The latter is also increasing its authorized capital stock to 23 billion Pesos the help fund the expansion of the carrier and accommodate the entry of San Miguel Corporation.

“SMC is buying into PAL and affiliate budget carrier Air Philippines Corp. (AirPhil) through several layers of holding companies. This will lead to SMC’s acquisition of 49 percent of PAL’s publicly-listed parent firm PAL Holdings, which in turn will give it effective control of at least 40 percent of PAL,” as reported by Philippine Star.

Read more at PhilStar.com

Photo by fraginal at Flickr.com

_

Written by Raffy Pekson II

June 28, 2012 at 6:13 pm

Hong Kong Casino Giant Melco May Partner with Henry Sy Jr.

leave a comment »

News broke today that casino operator Melco Crown Entertainment Limited (MPEL) is exploring options to open a casino in the Philippines. The company is said to be partnering on a billion-dollar casino resort in Manilla, the capital city. The latest rumors have Melco partnering with the Philippines’ richest man Henry Sy Jr. The deal would see a 50-50 joint venture between the casino, hotels, and entertainment available at the property.

The city, which had 1.7 million people as of 2010, is the second most populous city in the nation. The Philippines are hoping to turn a portion of the Manilla region into a gaming area similar to the Las Vegas strip.

Read more at Seeking Alpha

Photo by paomont at Flickr.com

_

Written by Raffy Pekson II

June 28, 2012 at 2:21 pm