Feuding factions of the Yanson clan continue engage in courtroom battles over control of the country's biggest bus conglomerate. "The legal battle for control of the Yanson Group of Bus Companies (YGBC) is far from over. Cases and countersuits are still pending before various courts to show...
SM Prime Holdings Inc. has set the interest rates for its P10 billion Peso-denominated Series M, 2.5-year retail bond at 2.4565 percent due on 2023, and Series N, 5-year retail bond at 3.8547 percent due on 2026. In a statement, SM Prime said it issued an aggregate principal amount of P5.0 billion...
Businessmen Salvador Zamora and Benjamin Bitanga has acquired 5G Security Inc. (5GS), a fast-growing, technology-driven security solutions provider operating all over the Philippines for a transaction value of P850 million. Zamora and Bitanga and Menlo Capital Corp. acquired 5GS from Group 4...
San Miguel Corporation (SMC) is continuing its pandemic response efforts with its food assistance program for families in the poorest districts of Tondo having reached 55,000 kilos of staple goods. The program, which distributes goods weekly to families since the health crisis struck in March last...
An aquaculture firm is now awaiting the approval of the National Irrigation Administration (NIA) for its unsolicited proposal to breed and harvest fish and other seafood products in Pantabangan Dam, one of the largest dams in Asia. This, while the advocacy group Tugon Kabuhayan started pushing for...
The Philippine Association of Meat Processors Inc. (PAMPI) is asking President Rodrigo Duterte to authorize limited importation of up to 50,000 metric tons (MT) only at zero tariff at zero. MB file (Photo by Keith Bacongco) This developed as the group was not convinced by the proposal of the...
Bloomberry Cultural Foundation, Inc. (BCFI), the corporate social responsibility arm of Solaire Resort and Casino, is building the first hospital in San Andres, Quezon. To be situated in Sitio Yuyuan, Barangay Camflora, San Andres, Quezon, the 25-bed-capacity hospital will have...
Greenergy Holdings Inc. (GREEN), the holding company of businessman Antonio Tiu, is putting up two new subsidiaries that will maximize opportunities in sectors that cater to the evolving needs of Filipino consumers especially during the pandemic. In a disclosure to the Philippine Stock Exchange,...
The board of directors of Ayala-led AC Energy Corporation (ACEN) has greenlighted the joint venture deal that the conglomerate’s energy investment arm will be cementing with Solar Philippines Power Project Holdings Inc. (SP) of millennial-businessman Leandro L. Leviste. In a disclosure to the...
Premiere Horizon Alliance Corporation (PHA) is venturing into technology-driven agribusiness following the entry of its new partners, the principals of SquidPay Technology Inc. In a disclosure to the Philippine Stock Exchange, PHA said it will be pursuing opportunities...
The local stock market is seen to trade with a downward bias this week even as investors await the release later in the week of the gross domestic product figure for the fourth quarter of 2020. “The local market’s bias is still seen to be tilted to the downside amid waning optimism and...
Leo Rey Yanson and sister Ginnette Y. Dumancas now fully control the country's largest bus company, Bacolod City-based Yanson Group (YGBC). “Despite the challenges faced in 2020, the business remains strong and resilient," according to Leo Rey, youngest son of the group's matriarch, Olivia...
