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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.
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.
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 Development Corp. (PDO) is developing a 40-hectare residential subdivision in Malvar, Batangas.
BERJAYA Philippines, Inc. is shelling out P124.47 million to increase its stake in the Malaysian operator of 7-Eleven convenience stores.
STOCKS suffered a bloodbath during Wednesday’s trading after August inflation figures ended much higher than expected.
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 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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 Corp. (PHA) is taking over two mining companies, marking its entry into limestone exploration.