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                    [ArticleID] => 342705
                    [Title] => Waterfront posts net operating profit of P86M in Q1
                    [Summary] => The Gatchalian-owned Waterfront Philippines Inc. (WPI) reported a net operating profit of P86 million in the first quarter of the year compared with only P1 million a year ago on the back of higher revenues.


Gross operating profit reached P215 million, up 34 percent from P215 million.  


                    [DatePublished] => 2006-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 325988
                    [Title] => Waterfront group sets aside P180M for hotel refurbishment
                    [Summary] => The Gatchalian-led Waterfront Philippines Inc. will spend at least P180 million for the refurbishment of all its hotels, including Manila Pavillion and Davao Insular Hotel, as part of efforts to attract more  foreign clients.    	


                    [DatePublished] => 2006-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 254999
                    [Title] => Manila court bars Acesite Hotel from holding stockholders meet
                    [Summary] => Acesite (Phils.) Hotel Corp. failed to hold its annual stockholders meeting yesterday as the Manila Regional Trial Court ruled that the person who scheduled the meeting was not authorized to do so.


Judge Artemio Tipon of the Manila RTC said the annual meeting called by lawyer Gaudencio Palafox  should not take place since  the latter has no authority to call a stockholders meeting.


Under the Corporation Code, only the corporate secretary and the Securities and Exchange Commission can compel a corporation to hold a stockholders meeting.


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 196095
                    [Title] => Acesite group opposes sale of Manila Pavilion to Waterfront
                    [Summary] => The Acesite group, the controlling owners of Manila Pavilion Hotel, has contested the sale of its 75-percent interest in the hotel to Waterfront Philippines Inc. (WPI), arguing they were not informed beforehand of the deal by Equitable PCI Bank. 


Acesite officials said they have filed a civil case with the Makati Regional Trial Court yesterday to protest the sale of the shares, which were pledged to EBC by virtue of a share mortgage dated Feb. 25, 1993. 


                    [DatePublished] => 2003-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                    [ArticleID] => 194213
                    [Title] => HK firm gains control of Acesite Phils Hotel Corp.
                    [Summary] => The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila.


Acesite executive vice president Francis Lam told the Philippine Stock Exchange that the deal was completed last Jan. 30, wherein Sino-i.com purchased 100 percent of the issued capital of South Port Development Ltd. for HK$190 million (about P1.5 billion).


                    [DatePublished] => 2003-02-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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ACESITE PHILIPPINES

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                    [ArticleID] => 342705
                    [Title] => Waterfront posts net operating profit of P86M in Q1
                    [Summary] => The Gatchalian-owned Waterfront Philippines Inc. (WPI) reported a net operating profit of P86 million in the first quarter of the year compared with only P1 million a year ago on the back of higher revenues.


Gross operating profit reached P215 million, up 34 percent from P215 million.  


                    [DatePublished] => 2006-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
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                )

            [1] => Array
                (
                    [ArticleID] => 325988
                    [Title] => Waterfront group sets aside P180M for hotel refurbishment
                    [Summary] => The Gatchalian-led Waterfront Philippines Inc. will spend at least P180 million for the refurbishment of all its hotels, including Manila Pavillion and Davao Insular Hotel, as part of efforts to attract more  foreign clients.    	


                    [DatePublished] => 2006-03-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 254999
                    [Title] => Manila court bars Acesite Hotel from holding stockholders meet
                    [Summary] => Acesite (Phils.) Hotel Corp. failed to hold its annual stockholders meeting yesterday as the Manila Regional Trial Court ruled that the person who scheduled the meeting was not authorized to do so.


Judge Artemio Tipon of the Manila RTC said the annual meeting called by lawyer Gaudencio Palafox  should not take place since  the latter has no authority to call a stockholders meeting.


Under the Corporation Code, only the corporate secretary and the Securities and Exchange Commission can compel a corporation to hold a stockholders meeting.


                    [DatePublished] => 2004-06-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 196095
                    [Title] => Acesite group opposes sale of Manila Pavilion to Waterfront
                    [Summary] => The Acesite group, the controlling owners of Manila Pavilion Hotel, has contested the sale of its 75-percent interest in the hotel to Waterfront Philippines Inc. (WPI), arguing they were not informed beforehand of the deal by Equitable PCI Bank. 


Acesite officials said they have filed a civil case with the Makati Regional Trial Court yesterday to protest the sale of the shares, which were pledged to EBC by virtue of a share mortgage dated Feb. 25, 1993. 


                    [DatePublished] => 2003-02-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 194213
                    [Title] => HK firm gains control of Acesite Phils Hotel Corp.
                    [Summary] => The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila.


Acesite executive vice president Francis Lam told the Philippine Stock Exchange that the deal was completed last Jan. 30, wherein Sino-i.com purchased 100 percent of the issued capital of South Port Development Ltd. for HK$190 million (about P1.5 billion).


                    [DatePublished] => 2003-02-05 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Waterfront posts net operating profit of P86M in Q1

By Zinnia B. Dela Peña | June 19, 2006 - 12:00am

The Gatchalian-owned Waterfront Philippines Inc. (WPI) reported a net operating profit of P86 million in the first quarter of the year compared with only P1 million a year ago on the back of higher revenues. Gross...

Business

Waterfront group sets aside P180M for hotel refurbishment

By Zinnia B. Dela Peña | March 13, 2006 - 12:00am

The Gatchalian-led Waterfront Philippines Inc. will spend at least P180 million for the refurbishment of all its hotels, including Manila Pavillion and Davao Insular Hotel, as part of efforts to attract more foreign...

Business

Manila court bars Acesite Hotel from holding stockholders meet

By Zinnia B. Dela Peña | June 23, 2004 - 12:00am

Acesite (Phils.) Hotel Corp. failed to hold its annual stockholders meeting yesterday as the Manila Regional Trial Court ruled that the person who scheduled the meeting was not authorized to do so. Judge Artemio...

Business

Acesite group opposes sale of Manila Pavilion to Waterfront

By Christina Mendez | February 20, 2003 - 12:00am

The Acesite group, the controlling owners of Manila Pavilion Hotel, has contested the sale of its 75-percent interest in the hotel to Waterfront Philippines Inc. (WPI), arguing they were not informed beforehand of...

Business

HK firm gains control of Acesite Phils Hotel Corp.

February 5, 2003 - 12:00am

The Hong Kong-listed leisure firm Sino-i.com has gained majority control of the locally-listed hotel operator Acesite Philippines Hotel Corp., owner of the Holiday Inn Manila Pavilion along UN Avenue in Ermita, Manila. Acesite...

Business