International Container Terminal Services, Inc. (ICT) slashed its capital expenditure (CAPEX) budget for this year by 40.7% to about $160 million. The company’s chairman and chief executive Enrique Razon Jr. said the port operator was… Read More »Razon’s ICT VS Coronaconomy
Jollibee Foods Corp. (JFC) is planning to offer US unsecured securities to generate funds to support the company through the coronaconomy caused by the COVID-19 pandemic. In a disclosure to the Philippine Stock Exchange(PSE) Wednesday,… Read More »JFC to offer US securities to improve cash flow
MerryMart to replace Savemore supermarket in all CityMall branches, rumors started early this year that Sia and Sy group bond fallout. Allegedly, Sia would not allow SaveMore to renew its lease after it lapses because he… Read More »Egdar Sia II VS Sy-siblings
SM Prime Holdings, Inc. ($SMPH) the property unit of the Sy family, is investing P100 million to improve its online platforms as it faces shifting consumer behavior caused by the COVID-19 pandemic. In a statement,… Read More »SM prime to invest in E-commerce
MerryMart Consumer Corp., led by young tycoon Edgar Sia II, impressed everyone on the first day of trading in the Philippine Stock Market (PSE), debut on Monday, June 15, 2020, as investors welcomed the new… Read More »MerryMart Ceiling price on Day 1
MerryMart shares will start trading today, Monday on the Philippine Stock Exchange(PSE) after the company raised 1.6 billion pesos ($31.89 million) through an initial share sale. Part of the proceeds will fund 25 of the… Read More »Injap Sia grocer MerryMart P300 million now worth P6 billion
DoubleDragon Properties Corp. anticipates achieving its goal of hitting 1.2 million square meters in gross leasable area (GLA) by 2022 instead of this year, given construction limitations arising from the COVID-19 pandemic. In a statement,… Read More »DoubleDragon VS Coronaconomy
PLDT Inc. (PLDT) said on Thursday it had joined a consortium to construct a 9,400-kilometer “high-performance” submarine cable connecting six major countries in East and Southeast Asia. In a statement, PLDT said it is a… Read More »PLDT to improve Network with Subsea Deal
PH credit rating first ‘A-‘ from Japan Credit Rating Agency on Thursday upgraded the Philippines’ credit rating by a notch from BBB+ to A-, citing the country’s flexibility amid a COVID-19 pandemic that has slowed… Read More »Improved ‘A-‘ PH credit rating from Japan
ERC orders Meralco to explain why it should not be held responsible for allegedly violating the guidelines the regulator imposed during the COVID-19 lockdown to help the people. The Energy Regulatory Commission (ERC) on Wednesday… Read More »ERC orders Meralco to justify bill estimates