Megaworld to build P1.2-B mall in Bacolod
MEGAWORLD Corp. is investing P1.2 billion to develop a three-storey mall inside its 34-hectare Upper East township in Bacolod City.
SM opens office building in Iloilo
SM Prime Holdings, Inc. has opened a new office tower in Iloilo City targeted toward business process outsourcing (BPO) firms, as its seeks to boost the presence of outsourcing companies in the area.
PCC reminds SMC, Holcim of notification requirement
SAN MIGUEL Corp. (SMC) has not yet notified the Philippine Competition Commission (PCC) of its $2.15-billion acquisition of Holcim Philippines Inc. (HPI), according to the anti-trust body.
LANDBANK hopes to close PDS takeover by yearend
THE Land Bank of the Philippines (LANDBANK) said it is targeting to complete the acquisition of a majority stake in Philippine Dealing System Holdings, Corp. (PDSHC) by the end of the year.
Globe upgrades cell towers in Semirara island
GLOBE Telecom Inc. said it has completed upgrading cell towers with long-term evolution (LTE) technology in Semirara Island.
Globe stands firm on Huawei partnership
GLOBE TELECOM, Inc. said it will continue to partner with Huawei Technologies Co., Ltd., including on the establishment of a fifth-generation (5G) network in the country, despite the United States placing the Chinese tech giant on a trade blacklist last week.
Imported vehicle sales rise 12% in April — AVID
THE Association of Vehicle Importers and Distributors, Inc. (AVID) posted a 12% rise in sales of imported vehicles in April, driven by demand for light commercial vehicles and passenger cars.
Shops in Asian countries starting to shun Huawei phone trade-ins
SINGAPORE/MANILA — Mobile phone retailers in some Asian countries are refusing to accept Huawei devices for trade-ins, as more consumers look to offload their device on worries Google suspending business with the Chinese firm will disrupt services.
Dennis Uy’s PH Resorts plans fund raising for 2 casino projects
DAVAO-BASED businessman Dennis A. Uy’s PH Resorts Group Holdings, Inc. targets to raise funds through a combination of debt and equity within the next two to three months to fund its casino projects in Cebu and Pampanga worth about $850 million.
TKC Metals to issue up to P1.5B worth of shares
TKC Metals Corp. will be issuing up to P1.5 billion worth of shares after it secures approval to increase its authorized capital stock.
Customers seen as top source of innovation inspiration — survey
BUSINESS leaders around the globe are taking cues from their customers to introduce more innovations, according to a global pulse survey conducted by international leadership organization Young Presidents’ Organization (YPO).
Third telco player Mislatel hopes to get permit to operate from NTC by July
INCOMING third telecommunications player Mislatel consortium said it is expecting to receive the permit to operate from the National Telecommunications Commission (NTC) by July, as it currently prepares for the submission of its performance bond to the government.