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PETRON Corp. looks to sell back the 140-megawatt (MW) solid fuel-fired power plant in Bataan it acquired from a unit of SMC Global Power Holdings Corp. three years ago.
FRUITAS Holdings, Inc. looks to raise up to P1.2 billion from a maiden share sale by December, joining the roster of companies seeking to go public in 2019.
GLOBAL DATA and consulting firm Kantar expects brands to shift to digital advertising from traditional media channels soon, as consumers become more selective in their purchases.
STATE-OWNED enterprises (SOEs) in Asia were found to comply with looser disclosure rules when compared to listed companies, prompting the need for the issuance of tighter regulations and stricter implementation of existing guidelines in each country.
PHILIPPINE Rating Services Corp. (PhilRatings) retained the highest rating for Megaworld Corp.’s P12-billion fixed-rate bonds issued in 2017.
THE SECURITIES and Exchange Commission (SEC) has ordered listed companies to submit their policies on “material” related party transactions (RPT) by Oct. 28, according to a notice posted on its Web site.
CAL-COMP Technology (Philippines), Inc. has revived its plan to conduct an initial public offering (IPO) in a bid to raise up to P10.68 billion in fresh capital within the year.
SINGAPORE-BASED Fraser Property Ltd. has completely divested from its Philippine operations with the sale of more than P1.7 billion worth of assets in Makati City.
THE Securities and Exchange Commission (SEC) is warning the public against a group operating under the names Brix Gamefowl Breeding, Brix Ventures, Inc., and AB Eugenio Trading, for illegally soliciting investments.
LOCAL DEBT watcher Philippine Rating Services Corp. (PhilRatings) assigned the highest credit rating for Aboitiz Power Corp.’s (AboitizPower) fixed-rate bonds worth up to P12 billion.
LOCAL SHARES may tread higher this week with the end of the Chinese ghost month, alongside likely slower August inflation and another rate cut on the horizon.
CENTURY Properties Group, Inc. (CPG) is seeking approval from its shareholders to convert three billion common shares into preferred shares with a par value of 53 centavos each, for future fundraising activities.
GOLDEN Arches Development Corp. (GADC) sees sales improving by 5-7% as it continues to modernize existing stores, with more customers getting used to self-order kiosks and cashless payments.
THE Philippine Stock Exchange, Inc. (PSE) plans to buy back P532.01 million worth of common shares from broker shareholders until September, in a bid to reduce its broker ownership to less than 20%.
MORE FILIPINO shoppers are choosing to buy meals in convenience stores in response to their fast-paced lifestyles, according to a report by global measurement and data analytics firm Nielsen Holdings.
THE Securities and Exchange Commission (SEC) refuted claims by alleged investment scam Kapa-Community Ministry International that it has filed for a license to solicit investments from the public, noting that its incorporation papers remain suspended.
ABOITIZLAND, Inc. has launched its third residential project carrying the Ajoya brand in Pampanga, banking on the area’s proximity to New Clark City.