Listed restaurant chain operator Shakey’s Pizza Asia Ventures Inc. is holding off the rollout of new stores and cutting by half its capital outlays this 2020 to prepare for a prolonged period of the difficult… Read More »Shakey’s holds Expansion Plans
Securities and Exchange Commission (SEC) on July 9, 2020, approved the P15 billion initial public offering of Ayala Land’s REIT or AREIT. This is the very first Real Estate Investment Trust (REIT) offering in the… Read More »Ayala REIT IPO approved by SEC
It was announced earlier this week that the “super consortium” is officially out of the Naia (Ninoy Aquino International Airport) public-private partnership project, construction, and engineering firm Megawide Construction Corp. is willing to take a… Read More »Megawide to pitch for NAIA project
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