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LBC Express Holdings, Inc. has withdrawn its application to conduct a follow-on offering with the Securities and Exchange Commission (SEC), citing how the financial statements required for the issuance have already lapsed.
A UNIT of Filinvest Development Corp. (FDC) is partnering with Japanese firm Mitsubishi Corp. for the development of a P15-billion mixed-use project in Alabang.
THE Securities and Exchange Commission (SEC) has amended financial reporting guidelines in line with the Revised Corporation Code, as well as in preparation for capital market integration with member countries of the Association of Southeast Asian Nations (ASEAN).
SM INVESTMENTS Corp. (SMIC) continues to expand its residential, hotel, and retail offerings in the provinces, banking on regional economic growth.
A SINGAPORE-BASED tribunal has ordered Bloomberry Resorts Corp. to pay over $100 million (P5.2 billion) to Global Gaming Asset Management Philippines (GGAM) as damages for lost management fees for the termination of its management services in 2013 and other costs, and to buy back about P10.17 billion worth of its shares held by GGAM.
THE local operations of fashion retailer Forever 21 will not be affected by the parent company’s bankruptcy filing in the United States, according to a top official of SM Retail, Inc.
JOLLIBEE Foods Corp. (JFC) is opening the country’s first Panda Express store in SM Megamall, Pasig City.
BIG BOSS Cement, Inc. (BBCI) is spending P10 billion to build two cement facilities in the country as it looks to increase production to 10-12 million bags of cement a month.
LOCAL SHARES on Friday ignored an expected boost to appetite from the Bangko Sentral ng Pilipinas’ (BSP) widely anticipated interest rate cut the preceding day and, instead, yielded to weakness on Wall Street and most other Asian bourses.
JAPANESE cosmetics firm Shiseido Co., Ltd. has set up a Philippine unit to strengthen its presence in the country, with the investment viewed as a bet on the growth of the domestic beauty industry.
PHINMA Corp. said its cement unit is buying the port facilities and land at its Bataan cement processing terminal for P800 million.
THE SY SIBLINGS topped this year’s Forbes Philippines Rich List, leading the roster that includes several other second-generation businessmen following the passing of long-time listees.
FRUITAS Holdings, Inc. is unfazed by the number of companies going public at the same time as its initial public offering (IPO), confident that Filipino consumers’ familiarity with its products will translate into IPO success.
GATCHALIAN-LED Waterfront Philippines, Inc. (WPI) plans to appeal before the Supreme Court the P840-million claim of the Social Security System (SSS) against the company and two other units.