SHANGHAI, Nov 4, 2020 (AFP) - China's shock, last-minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling. Shanghai's stock exchange announced the suspension late on...
American-owned shipbuilder Advanced Catamaran Composites (ACC) Inc. is investing in the expanding West Cebu Industrial Park (WCIP), cementing Cebu’s claim as the shipbuilding capital of the Philippines having three shipbuilder locators to date. Eduardo Aboitiz, Vice President for Business...
The SSI Group—the country’s leading specialty retailer of international brands—is aiming to generate 15 to 20 percent of its revenues from online-related sales with the launch of its multi-brand e-commerce site featuring some of the firm’s most popular brands. In a press briefing for...
Alibaba Group’s annual 11.11 Global Shopping Festival will showcase 250,000 brands, including 6,000 overseas brands, which are expected to boost deliveries of parcels and orders by 30 percent this year. This photo taken on October 27, 2020 shows employees preparing items for the upcoming "Double...
An Australian based thermal coding company said it has ramped up investments to P4.4 billion for the establishment of the first thermal coding plant and back office services in the Philippines calling the country a “very well-kept secret” that it’s about time to start telling investors....
The APEC Business Advisory Council (ABAC) Philippines has urged the 21-member countries of the Asia Pacific Economic Cooperation to accelerate cooperation leveraging digital technologies to overcome further decline as economies continue to battle the impact of the pandemic. In a recent virtual ABAC...
K-pop boy groups BTS, EXO and NCT 127 bagged nominations at the 2020 American Music Awards (AMAs), which will be held live at Microsoft Theater in Los Angeles on ABC on Nov. 22 at 8 p.m. EST (Nov. 23, 8 a.m. in the Philippines). The three K-pop groups are vying for the Favorite Social Artist award...
Google Philippines has introduced initiatives to support the country’s safe economic recovery through: MSME Caravan, free listings on Google Shopping tab, and Google Maps for local tourism. In partnership with the Department of Trade and Industry, MSME Caravan aims to train micro, small, and...
PH Resorts Group Holdings, Inc., the gaming firm controlled by Dennis A. Uy, is asking for a voluntary trading halt of its shares while its follow-on offering is ongoing. In a letter to the Philippine Stock Exchange, the firm said it is requesting for a trading half of 10 trading days or from...
AllHome Corporation, the Villar retail group’s one-stop shop for home needs, is continuing its expansion as it maintains a positive outlook for the rest of the year on the back of the improving trend in sales. The firm said it has strengthened its position by expanding its store network...
Investing in a memorial lot offers higher yield, according to the top executive of Golden Haven Memorial Park. Red Rosales, chief operating officer of the country’s first integrated memorial parks, reported of the huge price valuation of Golden Haven lot owners. Investing in Golden Haven lots now...
Asia Brewery Inc. and HEINEKEN are planning to dissolve their joint venture in favor of a new arrangement under which ABI will just brew and distribute the beer while HEINEKEN will do the sales and marketing. In a disclosure to the Philippine Stock Exchange, ABI’s parent company LT Group...
