Jollibee Foods Corp., the Philippine dining giant that has aggressively expanded its international footprint, has agreed to acquire South Korea’s Shabu All Day for 125.86 billion won (₱5.1 billion) as it seeks to capitalize on the rapid growth of the global hot pot market. JFC announced on...
The Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) are moving to revitalize the domestic capital market by introducing rules for Global Philippine Depository Receipts, which would allow local investors to trade foreign stocks in the local currency. SEC Chairman...
Sulu Vice Gov. Abdusakur Tan wants vessels of Aleson Shipping Lines banned in Sulu province and the license of the shipping firm revoked following the tragic sinking of the MV Trisha Kerstin 3 in the sea of Baluk Baluk Island in Basilan province last Jan. 26. Tan, during a hearing at the House of...
AVANT GARDENER (Part II) Last week I introduced you to “Amy,” an urban beekeeper who, because of stories of uninformed people unfairly complaining about urban beekeepers, has chosen to keep her identity a secret. Here is part two: Amy characterizes her first season of beekeeping as filled with...
The antitrust watchdog Philippine Competition Commission (PCC) has greenlighted the joint venture (JV) between the Yuchengco and Aboitiz families to develop a 184-hectare (ha) industrial park in Tarlac province as an expansion of Lima Land Inc.’s TARI Estate. With PCC clearance, Yuchengco...
Competition in the Philippine brandy market is intensifying as Tanduay Distillers Inc. enters a distribution agreement with Spanish spirits producer Miguel Torres SA, aiming to chip away at the dominance of local giants and established imports. Tanduay President and Chief Executive Officer Lucio...
Fifty Philippine native tree species, including endangered and critically endangered varieties, will soon cover the Eco Forest in Parklinks estate owing to the tree planting activity, spearheaded by Ayala Land, Inc. and Eton Properties Philippines, and participated by the students of Multiple...
With competition heating up among townships strung along the C-5 corridor from Quezon City to Pasig CIty, the Ayala-Lucio Tan Group (LTG) joint venture (JV) Parklinks estate is stepping into the fray with the opening of its own mall, envisioned to set it apart from rivals. In an interview on...
Just in time for a recovery in metal prices, MacroAsia Mining Corp. (MMC), a wholly owned subsidiary of Lucio Tan Group’s (LTG) MacroAsia Corp. (MAC), has received regulatory approval for the revival of its nickel mine in Palawan province. In a disclosure to the Philippine Stock Exchange (PSE),...
Six years ago, Philippine Airlines (PAL) was flying through an existential storm, operating repatriation flights while the rest of the world’s hangars went dark. Today, the “Heart of the Filipino” has found its second wind. At a star-studded 85th-anniversary gala attended by President...
Top township developer Megaworld Corp. is investing an initial ₱8 billion to develop the 97-hectare “The Sugartown” along the Bacolod-Silay Airport Road in Talisay City, Negros Occidental. In a disclosure to the Philippine Stock Exchange, the firm said this will be its 37th township...
Local stock market may face selling pressure this week as investors lock in gains following a three-week rally, while shifting their focus to upcoming data on foreign investment and remittances for further direction. The Philippine Stock Exchange index (PSEi) has shown a bullish bias recently,...
