Host Hotels & Resorts Announces Quarterly Dividends on Common and Preferred Stock.
TRAVEL AND LEISURE CLOSE-UP-20 June 2008-Host Hotels & Resorts Announces Quarterly Dividends on Common and Preferred Stock(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com Host Hotels & Resorts, Inc. announced that its Board of Directors authorized a regular quarterly cash dividend of $0.20 per share on the Company's common stock....

NEWS IN BRIEF; P/$ rate closes at P54.40 to $1.
The peso rate closed lower at P54.40 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P54.37 the previous day. The weighted average rate appreciated to P54.354 from P54.493. Total volume amounted to $367.2 million. BSP sees FDIs...

Infowave buys HiddenMind to strengthen mobile applications. (Wireless News Review).
Infowave Software Inc is paying CAD 3.3m ($2.4m) for HiddenMind Technology LLC to provide a front-end to its middleware as a growing number of software vendors seek to wirelessenable their applications. The Burnaby, Canada-based company sees the HiddenMind deal as a way of offering enterprise customers a...

Russian bear market; the bottom drops out.
Travelers on the Varshavskoe Highway in Moscow encountered an unusual sight late last July: A crowd of people waving homemade placards and portraits of a little-known bespectacled figure were shouting obscure slogans, chanting something incomprehensible, and arguing with the militia. This was not an opposition demonstration but a gathering...

Rustans Supercenter hikes capital.
Byline: ANA MARIE MACUJA Tantoco-led Rustans Supercenter Inc., is raising its authorized capital stock from P1.19 billion to P1.32 billion to give way to an infusion of fresh capital from Shopwise, Inc. which is headed by Donnie V. Tantoco III. Documents obtained from the Securities...

First Gen Hydro to hike capitalization to P1.9 billion.
Byline: Ana Marie Macuja First Gen Hydro Power Corporation, a wholly-owned unit of Lopez-controlled First Gen Corp., is increasing its authorized capital stock from P1 million to P1.931 billion. An application submitted to the Securities and Exchange Commission (SEC) showed the company will create an...

Rustans Supercenter hikes capital.
Byline: ANA MARIE MACUJA Tantoco-led Rustans Supercenter Inc., is raising its authorized capital stock from P1.19 billion to P1.32 billion to give way to an infusion of fresh capital from Shopwise, Inc. which is headed by Donnie V. Tantoco III. Documents obtained from the Securities...

New ALI hotel firm with Dubai partner ups capital to P382 M.
Byline: Ana Marie Macuja KHI-ALI Manila, Inc. a joint venture between Ayala Land and the Dubai-based Kingdom Hotel Investments, has been given the regulatory approval to increase its authorized capital stock from P1 million to P382.48 million. Prior to the capital hike, KHI-ALI's authorized capital...

BSP okays LBP's $ 100-M Tier 1 issue.
Byline: LEE C. CHIPONGIAN The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has approved Land Bank of the Philippines' $ 100-million hybrid Tier1 issuance abroad. Land Bank is planning to float the bonds overseas, including in Singapore and Hong Kong to cement its...

Piltel reports 25% hike in core income to P6.35 billion.
Byline: Emmie V. Abadilla Pilipino Telephone Corporation (Piltel)'s core net income rose 25 percent to P6.35 billion in the first nine months of 2007 from P5.08 billion recorded for the same period in 2006. Reported net income stood at P5.7 billion compared with a net...