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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 arrested 31 people related to the operations of a group called Roses 4 U, which was found to be illegally soliciting online investments.
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.
MEGAWORLD Corp. is scheduled to open 11 commercial properties this year, as it continues to expand its network of lifestyle malls in the country.
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.
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.
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.
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 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.
THE COMPANY behind homegrown clothing brand Bench is planning to develop an office tower in Clark Global City, Mabalacat, Pampanga.
THE BOURSE can be expected to coast at least through early this week, as investors await the release of listed firms’ 2018 financial results.
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.
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.
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.
SHARES ARE SEEN to rise on Wednesday following the better than expected inflation reading for the month of January.
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.
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.