Home Tags Arra Francia

Tag: Arra Francia

AC expects delivery platform to boost logistics business

AYALA CORP. (AC) aims to grow its newly formed Entrego delivery platform into one of the leading third-party logistics players in the future, as the conglomerate further ramps up its investments in the country’s booming logistics sector.

Ayala Land gets top rating for P8-billion fixed rate bonds

LOCAL DEBT watcher Philippine Ratings Services Corp. (PhilRatings) assigned the highest credit rating for Ayala Land, Inc.’s (ALI) proposed issuance of fixed rate bonds worth P8 billion.

PSE index ends flat in super typhoon’s aftermath

THE MAIN INDEX barely moved on Monday as investors stayed on the sidelines following the typhoon that ravaged some parts of the country over the weekend, alongside prevailing fears over the trade war between the United States and China.

Kuya J owner ready for public listing

THE owner and operator of Kuya J restaurant chain is keen on taking the company public as soon as possible, as it pursues an aggressive expansion program in the country.

City of Dreams operator sets bourse exit in November

THE operator of City of Dreams Manila plans to exit the Philippine Stock Exchange (PSE) by November, after it conducts next month a tender offer to buy out all minority shareholders.

AEV to start Davao City bulk water project in Oct.

ABOITIZ Equity Ventures, Inc. (AEV) expects to start constructing its P14-billion Apo Agua bulk water supply project in Davao City by next month, after having secured all the necessary permits.

Shares to rise as local investors return to market

SHARES are seen to move upward in the week ahead after two consecutive weeks in the red, with more local investors participating in the market amid the exit of foreign funds.

IPO rule tweaks favor small investors

SMALL INVESTORS can look forward to greater participation in companies’ initial public offerings (IPO) after the corporate regulator approved changes to listing rules in this regard.

Aboitiz-Ayala group to allot P15B for proposed ID system

A CONSORTIUM led by the Ayala and Aboitiz groups will be shelling out P15 billion for its proposal to design and develop the infrastructure for the country’s national identification (ID) system.

Kuya J now open for franchising

KUYA J Holdings Group, Inc. is opening itself up to a new franchising scheme that would allow a franchisee to invest as low as P4.2 million for a new store, as the restaurant chain ramps up its expansion in the country.

PSE index halts six-day slump on selective buying

THE MAIN INDEX snapped its six-day losing streak on Thursday as investors went on selective buying of stocks with good valuations.

SMC unit plans to import palay

THE FOOD AND BEVERAGE unit of diversified conglomerate San Miguel Corp. (SMC) said it plans to import unmilled rice should the government pass a law lifting quantitative restrictions (QR) on the volume of rice imports annually.

CPG targets P1.5B in recurring revenues by 2020

CENTURY PROPERTIES Group, Inc. (CPG) aims to grow its recurring revenue base to P1.5 billion by 2020, as it completes a mix of office, retail, and hospitality projects during the period.

Jollibee set to open 1st stores in London, Macau, Manhattan

HOMEGROWN FOOD giant Jollibee Foods Corp. (JFC) will be opening its first stores in the United Kingdom (UK), Macau, and Manhattan within the next few months.

Filipinos went on fewer shopping trips during 1st half: Kantar study

MORE THAN half of Filipinos went on fewer shopping trips to purchase fast-moving consumer goods (FMCG) during the first half of 2018 amid rising consumer prices.

PHL shares decline as peso weakens to P54:$1

SHARES fell on Wednesday as the Philippine peso posted its lowest finish against the greenback in 13 years, alongside escalating trade tensions between the United States and China.

Regulator to look into minority shareholder’s complaint vs SMC

THE Securities and Exchange Commission (SEC) has formed a special panel to investigate a complaint filed against San Miguel Corp. (SMC) and its subsidiaries for allegedly violating the mandatory tender offer rule prior to the merger of its traditional businesses.

Fruitas opens new stores in provinces, adds food brands

FOOD CART OPERATOR Fruitas Holdings, Inc. (FHI) looks to expand its footprint outside Metro Manila, given the economic growth in the provinces, and at the same time, introduce new brands.

SM Prime opens shopping mall in Legazpi City

IN A statement issued Tuesday, the Sy-led mall operator and property developer said SM City Legazpi will open its doors on Sept. 14. Located along Imeda Roces Avenue in Albay, the mall will have a total gross floor area of almost 88,000 square meters (sq.m.) and will be the company’s second mall in Bicol following SM City Naga in Camarines Sur.

Stocks slump on US-North Korea meet concerns

LOCAL EQUITIES slumped on Tuesday as the second meeting between United States and North Korean leaders alongside the delay of President Rodrigo R. Duterte’s scheduled speech in the afternoon dampened investor sentiment.

Demand from Chinese drives up rental rates in Makati, Bay Area

CHINESE employees of offshore gaming companies are pushing rental rates by 30% to 50% higher in some residential condominium properties in the Bay Area and Makati City, as the offshore gaming sector continues to expand in the country.

Pueblo de Oro to launch residential subdivision in Batangas by 2019

PUEBLO de Oro Development Corp. (PDO) is developing a 40-hectare residential subdivision in Malvar, Batangas.

Berjaya hikes stake in Malaysian operator of 7-Eleven

BERJAYA Philippines, Inc. is shelling out P124.47 million to increase its stake in the Malaysian operator of 7-Eleven convenience stores.

Shares plunge as inflation hits fresh peak in Aug.

STOCKS suffered a bloodbath during Wednesday’s trading after August inflation figures ended much higher than expected.

Megaworld to build JPMorgan headquarters in Fort Bonifacio

MEGAWORLD Corp. is building an office tower for JPMorgan Chase Bank, N.A. in Fort Bonifacio, as the global banking and financial services provider consolidates its presence in the country.

Arthaland targets to quintuple projects in 5 years

ARTHALAND Corp. is acquiring more land in Metro Manila and other key cities, as it aims to quintuple the number of completed projects under its portfolio in the next five years.

Stocks rebound as investors make inflation bets

SHARES bounced back on Tuesday as investors placed their bets ahead of the release of August inflation data on Wednesday.

RRHI hikes stake in Ministop PHL as Mitsubishi Corp. exits venture

ROBINSONS Retail Holdings, Inc. (RRHI) has tightened its grip on the chain of Ministop convenience stores in the company, as Mitsubishi Corp. exited the venture.

Why DMW is limiting exposure to PHL offshore gaming operators

D.M. WENCESLAO & Associates, Inc. (DMW) is limiting its exposure to Philippine Offshore Gaming Operators (POGOs) to around 30% of the company’s tenant mix in the Bay Area.

Semirara on track to complete Panian pit rehab by mid-2019

SEMIRARA Mining and Power Corp. (SMPC) said it remains on track to finish backfilling activities for the southern part of Panian pit in Antique by June 2019, as part of the company’s efforts to restore ecological balance in the open-mine pit.

PSE looking into delisting PTT

THE Philippine Stock Exchange, Inc. (PSE) is looking at possibly removing Philippine Telegraph & Telephone Corp. (PTT) from the roster of firms listed on the local stock market, following the company’s repeated violation of disclosure rules.

PSEi slips on profit-taking ahead of inflation data

LOCAL EQUITIES slumped on the first trading day of September as investors awaited the release of August inflation data, which is expected to clock in another fresh high.

SEC drafting rules for virtual currency exchanges

THE SECURITIES and Exchange Commission (SEC) will be releasing a draft of new guidelines on virtual currency exchanges (VCE) this September, as it rushes to regulate the number of companies seeking to operate as a trading platform for virtual currencies (VC) in the country.

DMW keen on gov’t infrastructure projects

D.M. Wenceslao & Associates, Inc. (DMW) is planning to participate in infrastructure projects of the government which may require expertise on dredging, land reclamation or horizontal construction, a top official said.

Shares seen to start September on positive note

SHARES are expected to rise in the week ahead, taking cues from the positive finish in August and expectations for listed companies’ plans during last quarter of 2018.

July auto sales down over 24% — CAMPI/TMA

AUTO SALES fell 24.1% year-on-year in July, according to a joint monthly report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA).

AC Infra, Zalora unit in logistics investment tieup

THE infrastructure unit of Ayala Corp. (AC) is teaming up with Germany’s Brillant 1257 GmbH & Co. Vierte Verwaltungs Kg. (Brillant) to form a new holding company that will handle investments in the logistics sector.

FDC hopes to complete Clark hotel expansion by SEA Games

FILINVEST Development Corp. (FDC) is hoping to complete the renovation and expansion of its Quest Hotel and Conference Center in Clark, Pampanga in time for the 2019 Southeast Asian Games.

Window-dressing enables bourse to end flat

THE MAIN INDEX ended Friday flat and closed the week and the month higher due to month-end window-dressing after spending most of Friday in the red due to investor caution on nagging global trade worries as well as Argentina’s and Turkey’s economic woes.

Property firm gets P2-B loan from BDO

ISOC Holdings, Inc. has secured a P2-billion loan facility from BDO Unibank, Inc., which will be used for its property unit’s mixed-use project in the Bay Area.

PHL stocks rebound ahead of MSCI rebalancing

LOCAL EQUITIES staged a gradual climb on Thursday, as investors looked forward to the MSCI rebalancing on Friday and amid positive sentiment across international markets.

AboitizPower to issue P15 billion in bonds by Q4

ABOITIZ Power Corp. (AboitizPower) will be issuing P15 billion worth of fixed-rate bonds by the fourth quarter of this year to refinance existing debt.

Former Nayong Pilipino officials defend Landing casino deal

FORMER NAYONG Pilipino Foundation (NPF) officials reiterated that its deal with Hong Kong-based gaming firm Landing International Development Ltd. complied with all legal requirements, saying that graft and corruption allegations against its officials are part of a smear campaign to derail the $1.5-billion integrated resort and casino project.

Dalian agrees to absorb cost of fixing MRT trains — Tugade

THE Department of Transportation (DoTr) is targeting to deploy the trains manufactured by Chinese firm CRRC Dalian Co. for the Metro Rail Transit Line 3 (MRT-3) by the end of the year, after securing the Chinese firm’s assurance it will shoulder the costs of any modifications.

Premiere Horizon Alliance takes control of 2 mining companies

PREMIERE Horizon Alliance Corp. (PHA) is taking over two mining companies, marking its entry into limestone exploration.