WHY own one crocodile when you can have thousands of them?

ROXAS and Co., Inc. (RCI) said its subsidiary in the hospitality business is selling its hotel in Cubao, and relocating “to a more strategic location” in a move aimed at improving the company’s finances.

THE Philippine Stock Exchange, Inc. (PSE) is targeting to release the revised rules on voluntary delisting by the first quarter of 2020.

AYALA-LED Manila Water Company, Inc. was one of the most actively traded issues last week as investors bet on the future of the concession agreements of the country’s two largest water companies.

VOYAGER Innovations, Inc. said it is close to hitting 20 million users on its platforms as it targets to have P1 trillion annual transactions in PayMaya by 2023.

THE first segment of the Cavite-Laguna Expressway (CALAX) will be fully operational for the holidays, the Department of Public Works and Highways (DPWH) said.

PANABO CITY -- NP Changs, Inc., the Philippine subsidiary of Japan-based Packwell, Inc., will start moving some of its China operations to Panabo City, Davao del Norte next year with the expected completion of its manufacturing plant at the Anflo Industrial Estate (AIE).

Here’s a quick glance at how PSEi stocks fared on Friday, December 20, 2019.  

PHINMA Corp. said Friday that its education subsidiary acquired a controlling stake in The Republican College, Inc. and made new investments in the acquisition to buy “essential” properties.

GLOBAL Ferronickel Holdings, Inc. (GFNI) said it acquired a 40% stake in Seasia Nectar Port Services, Inc. (SNPSI) in order to improve the miner’s port access, particularly for its new steel plant.

D.M. Wenceslao and Associates, Inc. (DMW) is eyeing new reclamation projects in Parañaque City and Cavite.

THE Philippine Competition Commission (PCC) green-lit a joint venture (JV) between Mitsubishi Corporation and Filinvest Alabang, Inc. (FAI) to develop upscale mixed-used projects in Alabang, Muntinlupa City.