Tokyo Tokyo targets 3 more stores before yearend
JAPANESE dine-in restaurant Tokyo Tokyo is set to launch around three more stores this year after it reached its 2022 revenue target in the second quarter.
How PSEi member stocks performed — November 2, 2022
Here’s a quick glance at how PSEi stocks fared on Wednesday, November 2, 2022.
Dennis Uy’s Udenna weighs sale of Conti’s, Wendy’s restaurants businesses
SINGAPORE/MANILA - Udenna Corp, controlled by a close associate of former Philippine president Rodrigo Duterte, is exploring the sale of its Conti's Bakeshop and Restaurant and Wendy's fast-food chain businesses in the country, five sources told Reuters.
North Star to grow meat business ahead of IPO
AFTER its deferred market listing, North Star Meat Merchants, Inc. is focusing on growing the business using funds from partners while waiting for the right time to hold an initial public offering (IPO).
Enstack targets to grow PHL merchants, partners
SUPERAPP Enstack is aiming to grow its ecosystem of merchants and partners in the country as part of efforts to expand its presence and to help more small and medium enterprises (SMEs) digitalize their operations.
CapitaLand Ascott ties up with IFC for bond issuance
CAPITALAND Ascott Trust Management Ltd. has partnered up with International Finance Corp. (IFC) to be the sole subscriber for a sustainability-linked bond worth 16.5 billion Japanese yen or about 157.4 million Singapore dollars.
Costly sustainable methods remain a hurdle for private firms
OPERATIONAL costs in complying with sustainability standards are the main challenge for organizations in the Philippines, a US-listed service provider said.
MGen expects 200-MW renewables capacity in Q1
MERALCO PowerGen Corp. (MGen) expects to reach 200 megawatts (MW) of renewable energy by the first quarter of 2023.
Trina Solar aims to supply more local groups
CHINESE company Trina Solar Co., Ltd. targets to partner with more Philippine companies for its solar modules, a company official said.
Eagle Cement acquisition seen likely to go through
MINORITY shareholders of Eagle Cement Corp. are likely to accept the tender offer from San Miguel Corp. (SMC), a credit research provider said, paving the way for the consolidation of two companies led by businessman Ramon S. Ang.
Full foreign capital in RE projects to bring ‘more supply, lower power prices’
THE Philippines is expected to benefit from newer, cutting-edge technologies after the legal opinion issued by the Justice department that said investments in “inexhaustible” renewable energy (RE) are not subject to foreign ownership limits.
Regulators step up supervision over financial firms
THE Financial Sector Forum (FSF) started working on a second “supervisory college” this month that aims to design a plan for more effective supervision of financial conglomerates.