Home Tags Arra B. Francia

Tag: Arra B. Francia

Jollibee sets P17-billion capital spending for 2019

JOLLIBEE Foods Corp. (JFC) is beefing up capital spending this year to P17.2 billion as it continues to expand its store network this year, following the homegrown food giant’s double-digit profit growth in 2018.

Authorities arrest Roses 4 U employees for illegally soliciting investments

AUTHORITIES arrested 31 people related to the operations of a group called Roses 4 U, which was found to be illegally soliciting online investments.

STI Education net income falls 39% in 9 months

EARNINGS of STI Education Systems Holdings, Inc. dropped by 39% in the nine months ending December 2018, dragged by the lower number of college freshman enrollees for the period.

Bourse breaks 4-day fall, but ends short of 8,000

THE Philippine Stock Exchange index (PSEi) snapped its four-day losing streak on Thursday as foreigners returned to buying mode, but this was not enough to pull the bourse back above the 8,000 mark.

MetroPac Movers taps Aboitiz to develop Cavite logistics hub

THE LOGISTICS arm of Metro Pacific Investments Corp. (MPIC) has tapped Aboitiz Construction, Inc. (ACI) to develop its 20-hectare property into a logistics hub in Cavite.

DataLand eyes projects in Clark Global City

THE development of Clark Global City gains ground as Global Gateway Development Corp. (GGDC) partners with real estate firm DataLand, Inc. for an office building, dormitel, and hotel in the area.

Megaworld to add 2 more towers in Pasig township

MEGAWORLD Corp. has sold 60% of the units of its P4-billion residential condominium in Arcovia City, spurring plans to launch two more towers within the township in Pasig City.

PSEi falls below 8,000 as foreigners turn sellers

THE MAIN INDEX plunged for the fourth straight session on Wednesday, marking its worst finish in nearly a month on sustained profit taking.

Phinma Education invests P278M in Indonesia JV

THE education arm of Phinma Corp. is investing P278 million in a joint venture (JV) firm in Indonesia, marking its entry into the Southeast Asian country.

Megaworld to add 54,000 square meters of retail space this year

MEGAWORLD Corp. is scheduled to open 11 commercial properties this year, as it continues to expand its network of lifestyle malls in the country.

Bourse falls further towards 8,000 on profit taking

THE BOURSE ended lower for the third straight trading day on Tuesday, falling below the 8,000 mark for the first time in seven sessions before clawing back just above that line as investors went on another round of profit taking, opting for second-liners instead of blue chips.

SM Prime profit jumps 17% in 2018

SM Prime Holdings, Inc. increased its net income by 17% in 2018, driven by the growth of its shopping mall and residential property units.

Bloomberry units ink P40-B loan deal for Quezon City casino-resort

UNITS of Bloomberry Resorts Corp. have signed a P40-billion loan agreement with several banks to finance the company’s integrated resort and casino project in Quezon City.

KPO sector to drive office demand this year — Colliers

TRADITIONAL offices and knowledge process outsourcing (KPO) providers are seen to sustain the demand for office spaces in 2019, although the delay of accreditations by the Philippine Economic Zone Authority continue to pose a threat on their expansion in the country.

AAA Equities to launch online trading platform

AAA Southeast Equities, Inc. looks to attract more retail investors into the stock market with the launch of its online trading platform next month.

Architecture festival brings spotlight to Intramuros

AT a time when conventions and events are increasingly being held in the financial districts of Makati and Bonifacio Global City (BGC), this year’s Anthology Architecture and Design Festival is holding its ground in Manila’s walled city, where a group of architects hope to highlight the origins of the country’s cosmopolitan development.

SMC Global Power plans to raise up to P30B from bond...

SMC GLOBAL Power Holdings, Corp. plans to raise up to P30 billion from the issuance of bonds, which have been rated of the highest quality by a local debt watcher.

Bench founder Ben Chan plans to develop office tower in Clark...

THE COMPANY behind homegrown clothing brand Bench is planning to develop an office tower in Clark Global City, Mabalacat, Pampanga.

PSEi seen coasting as investors await 2018 results

THE BOURSE can be expected to coast at least through early this week, as investors await the release of listed firms’ 2018 financial results.

Power rates to go up in February

THE Manila Electric Company (Meralco) on Friday announced power rates in February will rise by P0.5682 per kilowatt-hour (kWh), mainly due to higher generation charges.

Bloomberry to replace Petron in PSE index

THE 30-member Philippine Stock Exchange index (PSEi) will see the addition of Bloomberry Resorts Corp. starting on Feb. 18, after the bourse operator’s full-year review in 2018.

Cemex Philippines swings to loss in 2018

CEMEX Holdings Philippines, Inc. (CHP) suffered a net loss in 2018, pulled down by the impact of the landslide in Cebu and higher foreign exchange losses.

PSE index slips on lack of fresh leads

THE local stock market finished the week on a negative note on the lack of new catalysts to support its upward trajectory.

Ayala-led IMI earnings increase by 34% in 2018

AYALA-LED Integrated Micro-Electronics, Inc. (IMI) reported a 34% increase in attributable profit for 2018, due to net gains from the sale of a China unit and other one-off transactions.

Tycoon asserts ownership of firms behind Okada Manila

EMBATTLED Japanese gaming tycoon Kazuo Okada maintains that he is still the rightful owner of the companies behind Okada Manila, despite a Tokyo ruling affirming the validity of a trust agreement that led to his ouster in the companies.

CLI to boost rental property portfolio

CEBU Landmasters, Inc. (CLI) sees its leasable projects contributing to a tenth of total revenues by 2023, as gross leasable area (GLA) is expected to breach the 200,000-square meter (sq.m.) mark by then.

PSEi climbs to 8,100 level ahead of BSP decision

STOCKS RECOVERED on Thursday even as investors stayed on the sidelines ahead of the central bank’s first policy meeting of the year.

Panasonic shifts electric fan production to Laguna

PANASONIC Manufacturing Philippines Corp. will transfer its production capacities for washing machines and electric fans to Laguna by April, on the back of an expected increase in demand for high grade models of such products.

RFM income up 6% in 2018

EARNINGS of RFM Corp. grew by six percent in 2018, driven by strong sales for its ice cream, pasta, and milk products.

Stocks drop on profit taking after inflation data

LOCAL EQUITIES slumped on Wednesday despite surging intraday, as investors earlier cheered the slower-than-expected January inflation print but eventually succumbed to profit taking.

Cal-Comp Philippines eyes IPO by third quarter

CAL-COMP Technology (Philippines), Inc. plans to push through with its initial public offering (IPO) by the third quarter of this year to finance its expansion plans in the country.

Aboitiz bullish on Southeast Asia market

ABOITIZ Equity Ventures, Inc. (AEV) sees the Southeast Asian market contributing to a significant part of its earnings in the following years, as it pursues more investments that will help sustain its growth momentum.

PH Resorts awaits PSE go signal for P18.5-B follow-on offering

PH RESORTS Group Holdings, Inc. looks to get the Philippine Stock Exchange’s (PSE) approval for its P18.488-billion follow-on offering within the month, in order to facilitate its expansion.

PHL shares seen to climb as inflation slows further

SHARES ARE SEEN to rise on Wednesday following the better than expected inflation reading for the month of January.

Anchor Land bullish on Binondo

ANCHOR LAND Holdings, Inc. (ALHI) is bullish on the Binondo area this year, where it plans to build an office building and an “alternative accommodation” project to take advantage of the high purchasing power of residents in the country’s first business district.

Okada Manila operator takes control of ABG

THE operator of Okada Manila has concluded its share purchase agreement with Asiabest Group International, Inc. (ABG) as part of its backdoor listing plans.

Ayala Land tightens hold on Prime Orion

AYALA LAND, Inc. (ALI) has strengthened its grip on real estate logistics and industrial estate developer Prime Orion Philippines, Inc. (POPI) via an P800-million share purchase through Laguna Technopark, Inc. (LTI).

Stocks decline in subdued trade ahead of holiday

LOCAL EQUITIES dropped on the first trading day of the week, as most investors paused ahead of the Chinese New Year holiday.

Bourse operator to introduce PSE total return index

THE PHILIPPINE Stock Exchange, Inc. (PSE) will be introducing a new index that will help track the overall return of the main index, as part of efforts to cater to the needs of a broader investor base.

Chelsea Logistics mulls bond offering this year

CHELSEA LOGISTICS Holdings Corp. (CLC) may conduct a bond offering up to P7 billion to finance its expansion plans for the year, following the company’s withdrawal of its proposed share offering earlier this month.

Shares seen sideways ahead of inflation, holiday

LOCAL SHARES may trade sideways in the week ahead as investors go on holiday ahead of the Chinese New Year, but may get a lift from expectations of a lower inflation report for January.

ISM mulls follow-on offering this year

ISM Communications Corp. said it may conduct a follow-on offering within the year depending on market conditions, following the entry of Davao-based businessman Dennis A. Uy’s group that would transform the firm into Udenna Holdings Corp.

Solid Cement gets BoI go signal

A UNIT OF Cemex Holdings Philippines, Inc. (CHP) has secured the Board of Investments’ (BoI) approval as a new cement manufacturer.

Aboitiz unit secures P206-million contract

THE CONSTRUCTION arm of Aboitiz Equity Ventures, Inc. has secured the P206-million contract to design and construct an overhead transmission line for another Aboitiz-led company, Lima Enerzone Corp.

Stocks rebound as Fed keeps policy stance steady

SHARES bounced back on Thursday as investors welcomed the US Federal Reserve’s decision to keep rates steady, alongside end-of-the-month window dressing.