Business NEWS

Billionaire Mannuel B. Villar is optimistic about the prospects of his growing retail empire and plans to aggressively open more branches next year while preparing the initial public offering (IPO) of the popular Coffee Project.

Billionaire Manuel B. Villar Jr. is planning to develop soon as his legacy project a sprawling 2,500 hectare property at the border of Metro Manila into an upscale central business district.

Stock investors are seen to remain cautious amid uncertainty over the impact of the Omicron variant while watching out for the release of Philippine inflation and employment data.

Stocks rose again but closed off the day’s peak as investor sentiment was boosted by gains in US bourses.

The Jollibee Group recently won the 2021 ASEAN Business Award for Priority Integration Sector for the Food & Beverage category.

Savemore, a grocery chain owned by SM Retail through SM Markets, has branched out to a new format called Savemore Express as it applies valuable lessons learned about how new local community needs will continue on even after the pandemic.

The local stock market bounced from steep losses in the past days as share prices are now at more attractive levels.

Cirtek Holdings Philippines Corporation (TECH) has set the size of its ongoing public offering of its preferred shares to a maximum of P2.5 billion.

Medilines Distributors Incorporated, one of the leading distributors of quality medical equipment in the country, is charting a sustainable growth trajectory for the long term by focusing on resilient products.

The Securities and Exchange Commission (SEC) has accelerated the implementation of its digitalization reforms to further improve the ease of doing business in the country and spur the growth of domestic enterprises.

Berong Nickel Corporation (BNC), a subsidiary of DMCI Mining, is spending P110 million to decommission and rehabilitate its Berong mine in Quezon, Palawan over a six-year period.

The Philippine Stock Exchange index registered its second biggest single day drop for the year and breaking below the 7,000 level as share prices plunged on fears raised by the Omicron COVID-19 variant.

Township developer Megaworld Corp. is aiming to generate P5 billion from the sale of lots in its sustainable boutique hotel and shophouse district within its 462-hectare Paragua Coastown in San Vicente, Palawan.

Solar Philippines Nueva Ecija Corp. (SPNEC), the developer of what is planned to be the largest solar project in Southeast Asia, has kicked off its P2.7 billion initial public offering (IPO) which will run until Tuesday, Dec. 7.

SM Investments Corporation (SM) bagged three awards conferred by Hong Kong-based Alpha Southeast Asia magazine during its 11th Institutional Investor Corporate Awards 2021.

The local stock market opened the week in the red as bearish sentiment takes over after more countries close their borders amid fear of the omicron variant of the SARS-COV2 virus.

The local stock market is seen to remain cautious this week as jittery investors wait for more news about the new South African COVID variant that may have the potential to again shut down the global economy.

Axelum Resources Corporation, the country’s leading manufacturer and exporter of coconut products, reported a 51 percent jump in net income to P578.69 million in the first nine months of 2021 from P383.10 million in the same period last year.