TEST
Home Tags Arra B. Francia

Tag: Arra B. Francia

SSI adds Crystal Jade to portfolio

SSI GROUP, Inc. is bringing back Singapore restaurant chain Crystal Jade to the Philippines next year, as the upscale retailer continues to expand its food and beverage portfolio.

Sta. Lucia beefs up land bank in Davao, Zambales

STA. LUCIA Land, Inc. (SLI) continues to expand its land bank with the planned acquisition of more than 100,000 square meters (sq.m.) of land in provincial areas.

LANDBANK asked to clarify details of PDS takeover

LAND BANK of the Philippines (LANDBANK) is moving closer to getting exemptive relief from the Securities and Exchange Commission (SEC) in line with its proposed acquisition of the Philippine Dealing System Holdings Corp. (PDSHC).

Arthaland incorporates new unit

ARTHALAND Corp. has subscribed to P12.5 million worth of shares in its newly incorporated joint venture firm with Japanese partner Mitsubishi Estate Co., Ltd.

LBC withdraws application to conduct follow-on offering

LBC Express Holdings, Inc. has withdrawn its application to conduct a follow-on offering with the Securities and Exchange Commission (SEC), citing how the financial statements required for the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.

PSE says 45 firms are Shariah-compliant

THE number of listed firms compliant with Islamic principles of finance fell in the quarter ending June, the Philippine Stock Exchange, Inc. (PSE) said Monday.

Nissan dealership to open in Aseana City

D.M. Wenceslao & Associates, Inc. (DMW) struck a deal for the establishment of a Nissan car dealership inside its mixed-use estate in the Bay Area.

Bond listings could set new record this year

BOND LISTINGS at the fixed-income exchange could hit a record P300 billion by yearend, fueled by relaxed rules for bank bond issuance implemented last year as well as attractive interest rates.

Ayala Land may delay REIT offering to 2020

AYALA LAND, Inc. (ALI) may postpone its real estate investment trust (REIT) offering to next year, as it waits for the final guidelines to be released by the Securities and Exchange Commission (SEC).

Savoy Hotel Mactan to open in November

MEGAWORLD Corp. looks to attract business travelers and families in its P1.7-billion Savoy Hotel in Mactan, Cebu once it opens in November.

PHL stocks to move sideways on weak sentiment

SHARES MAY move sideways in the week ahead amid generally weak investor sentiment, although some may continue bargain hunting after last week’s sell-off.

Filinvest, Mitsubishi to develop P15-billion project in Alabang

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.

Financial reporting rules amended

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).

CA affirms indictment of 8 Calata shareholders

THE Court of Appeals (CA) affirmed the indictment of Calata Corp.’s eight shareholders for their manipulation of the company’s shares on the stock exchange which led to artificially inflated prices.

Concepcion infuses P915M into Alstra

CONCEPCION Industrial, Inc. (CIC) has poured in P915.45 million into its wholly owned unit Alstra, Inc. as it consolidates its vertical transport solutions business into the latter.

Trade war escalation drags PSEi to 7,500 level

THE MAIN INDEX spiraled down to the 7,500 level on Thursday, after the United States planned to raise tariffs on $7.5 billion of European goods, escalating the global trade war.

ScentkoWorld, Brendahl ordered to halt operations

THE Securities and Exchange Commission (SEC) has ordered ScentkoWorld Corp. and its supposed parent Brendahl Cruz Holdings, Inc. to stop operations after it was found to be illegally soliciting investments from the public.

SM Prime set to open 3rd mall in Pangasinan

SM PRIME Holdings, Inc. will be opening SM Center Dagupan this Friday, marking the company’s third mall in the province of Pangasinan.

PSE buys back P445M worth of shares

THE Philippine Stock Exchange, Inc. (PSE) has bought back P445.10 million worth of shares as part of its plan to reduce broker ownership to less than 20%.

JFC raises investment in Tim Ho Wan franchise

JOLLIBEE Foods Corp. (JFC) is boosting its investment in the owner of the Asia Pacific master franchise for Tim Ho Wan to $120 million Singaporean dollars (P4.5 billion).

Shares fall further on weak US manufacturing data

LOCAL SHARES plunged for the fourth straight session on Wednesday, dragged by news on how the US-China trade war has hit the United States’ manufacturing sector.

Converge founder scraps plan to acquire Vulcan

VULCAN Industrial & Mining Corp. said the firm owned by Pampanga-based businessman Dennis Anthony H. Uy has backed out of the deal to acquire a majority stake in the company.

SM ramps up property, retail expansion in provinces

SM INVESTMENTS Corp. (SMIC) continues to expand its residential, hotel, and retail offerings in the provinces, banking on regional economic growth.

SEC issues warning vs Better Adsource

THE Securities and Exchange Commission (SEC) has warned the public against dealing with Better Adsource System, Inc. which has been soliciting investments without the necessary license.

PSE index extends decline on negative sentiment

THE MAIN INDEX retreated on Tuesday as investor sentiment remained dim amid fears of a global economic slowdown.

ALI plans P10-B bond offering

AYALA LAND, Inc. (ALI) plans to raise P10 billion from the issuance of fixed-rate bonds by November, as the company completes its funding requirements for the year.

Bloomberry ordered to pay $100M in damages to GGAM

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.

Forever 21 bankruptcy won’t affect PHL stores — SM

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.

Megaworld to build P1.8-B mall in Pampanga

MEGAWORLD Corp. is spending P1.8 billion to construct a new mall inside its Pampanga township Capital Town.

Fastfood chain Panda Express to open 1st Philippine branch in SM...

JOLLIBEE Foods Corp. (JFC) is opening the country’s first Panda Express store in SM Megamall, Pasig City.

Stocks drop on concerns over US-China trade war

LOCAL EQUITIES fell on Monday, moving with most Asian indices as investors grew more concerned about the United States’ trade war with China.

Big Boss allocates P10 billion for 2 cement manufacturing facilities

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.

Strong investor interest in AllHome IPO seen

UNDERWRITERS of Villar-led AllHome Corp. are confident investors will participate in its bid to raise up to P14.878 billion in its initial public offering (IPO), after a series of both local and international roadshows.

SEC approves ACE Tacloban’s P1-billion IPO

ALLIED CARE Experts Medical Center-Tacloban, Inc. (ACE Tacloban) can now proceed with its plan to raise up to P1 billion in an initial public offering (IPO), after obtaining clearance from the Securities and Exchange Commission (SEC).

Sound fundamentals not enough to lift sentiment

PHILIPPINE stocks may trade even lower in the week ahead amid a lack of catalysts that could boost investor sentiment.

Bourse ignores BSP rate cut, falls for second week

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.

Shiseido sets up PHL subsidiary, sees double-digit growth

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 cement unit to buy land, port at Bataan plant site

PHINMA Corp. said its cement unit is buying the port facilities and land at its Bataan cement processing terminal for P800 million.

A new generation takes over in Forbes’ ‘Rich List’

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.

AllHome prices IPO at low end

ALLHOME Corp. has set the final offer price for its initial public offering (IPO) at P11.50 each — the low end of its indicative range, according to a notice on the stock exchange Thursday.

Travellers International completes tender offer

SHAREHOLDERS of Travellers International Hotel Group, Inc. (TIHGI) have tendered about 1.32 billion common shares, as the company prepares to delist from the stock exchange.

Market sits out BSP rate move on the sidelines

SHARES ended flat on Thursday as investors stayed on the sidelines ahead of the Bangko Sentral ng Pilipinas’ (BSP) sixth monetary policy review for the year that resulted in 2019’s third cut in policy interest rates, as widely expected.

8990 bullish on luxury hotels

MASS housing developer 8990 Holdings, Inc. expects to generate P3 billion in recurring revenue from its venture into the luxury hotel business.

Fruitas banks on consumer familiarity for IPO success

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.

Waterfront to continue fighting SSS in 20-year-old claim case

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.