Cirtek Holdings Philippines Corp. (Cirtek) subsidiary bags multi-million project with a Silicon Valley-based technology company to produce 5G-supporting chipsets to be used in fiber-optic networks. In a statement Wednesday, Cirtek said its microwave and millimeter-wave… Read More »Cirtek subsidiary bags Silicon Valley contract
Ayala Land, Inc.’s (ALI) subsidiary, AREIT, Inc., filed an application for a Real Estate Investment Trust (REIT) offering to the Securities and Exchange Commission (SEC) early this year. SEC may soon approve the application of… Read More »Ayala Land REIT listing soon
The Dow Jones Industrial Average rose 459.67 points, or 1.8%, to 26,287.03 and the S&P 500 rose 49.71 points to 3,179.72 for its third gain of at least 1.5% in the last five trading days.… Read More »Stocks rallied worldwide on Monday
Internet services provider(ISP) Converge ICT Solutions filed for P35.92-billion IPO with the Securities and Exchange Commission (SEC) on Friday, July 3, 2020. The company is planning to set the offer period from Oct. 13 to 19… Read More »Converge ICT IPO Review
National Telecommunications Commission (NTC) has given the businessman from Davao Dennis A. Uy’s DITO Telecommunity Corp. more time for its “technical launch,” moving the July 2020 deadline to January 2021. “In relation to the delay… Read More »DITO to launch in 2021
Converge ICT Solutions Inc., a fiber-optic broadband services provider in the Philippines, has selected banks for its planned domestic initial public offering that could raise about $700 million or about P35 billion pesos. This could be… Read More »Converge ICT $700 million IPO offering
Philippine Seven Corp. the listed licensor of 7-Eleven convenience stores has allotted P711 million as a loan to its franchisees to prevent the closure of stores due to mounting losses from the pandemic. The loans… Read More »7-Eleven offers loan to franchisees
The holding firm of business tycoon Lucio Tan LT Group Inc. said it is “guarded” in its outlook for the rest of 2020, even as it showed confidence that its strong performance last year will… Read More »LT Group VS Coronaconomy
National Telecommunications Commission (NTC) committed to the House of Representatives that it would order ABS-CBN Digital TV to stop airing programs through digital television receivers or TV Plus. During the continuance of the hearing on… Read More »ABS-CBN Digital TV to stop airing
Developer Arthaland Corp. (ALCO) is set to turn over the first 15 levels of its Cebu Exchange project to clients by the fourth quarter of 2020. The pandemic caused construction projects to halt due to… Read More »Arthaland Corp to turn over Cebu Exchange project