Double Dragon Corporation has appointed Rodolfo Ma. Ponferrada as its new president, replacing founder Edgar J. Sia II’s brother Ferdinand J. Sia, effective March 1, 2025. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has also approved the promotion of...
Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, has set the interest rate for its planned P10 billion issuance of long-term peso retail bonds at 7.77 percent per annum. In a disclosure to the Philippine Stock Exchange (PSE), the firm...
Property developer DoubleDragon Corporation, a partnership between tycoons Tony Tan Caktiong and Edgar Sia II, is planning to raise another P10 billion from the issuance of retail bonds. Philippine Rating Services Corporation (PhilRatings) said it has assigned the highest Issue Credit Rating of PRS...
DoubleDragon Corporation (DD), the property development venture of tycoons Edgar Sia II and Tony Tan Caktiong, has set new 10-year goals after expressing confidence in hitting initial targets for 2025. During the firm’s annual stockholders’ meeting, DD Chairman Sia said their goal was for the...
Just two months after its P6 billion bond issuance, property developer DoubleDragon Corporation is planning to raise P4 billion through the offering of bonds from the second tranche of its P10 billion shelf registered bonds program. For this planned issuance, Philippine Rating Services Corporation...
Jollibee Foods Corporation (JFC), one of the largest Asian food service companies, continues to perk up its coffee business with the planned acquisition of a majority stake in “most loved South Korean value coffee brand” Compose Coffee Co. Ltd. for $340 million. In a disclosure to the...
DoubleDragon Corp.’s planned and outstanding bond issuances worth P25 billion have been assigned the highest issue credit rating of PRS Aaa by Philippine Rating Services Corp. (PhilRatings). The ratings agency said this is for DoubleDragon’s proposed bond issue of up to P10 billion and its...
DoubleDragon Corporation of Edgar Sia II and Ernesto Tan Caktiong reported that its Singapore-based subsidiary Hotel101 Global Pte. Ltd. is merging with JVSPAC Acquisition Corporation to pave the way for its $2.3 billion listing at the NASDAQ. In a statement, DoubleDragon said Hotel101 and its...
Jollibee Foods Corporation (JFC), through its wholly owned subsidiary, Jollibee Worldwide Pte. Ltd. (JWPL), is acquiring a 10 percent stake in automated coffee and tea dispenser firm Botrista Inc. for $28 million. In a disclosure to the Philippine Stock Exchange (PSE), JFC said it has signed...
On Wednesday, March 13, 2024, the 680-room Hotel 101 - Madrid has progressed with two milestone activities on the same day as it conducts its groundbreaking ceremony and signs the construction contract with Ferrovial Construction at Valdebebas in Madrid, Spain. The groundbreaking ceremony was...
Jollibee Foods Corporation (JFC), the giant Asian food service company controlled by tycoon Tony Tan Caktiong and his siblings, reported a 13.9 percent dip in attributable net income to P4.4 billion in the first half of 2023 from the P5.1 billion earned in the same period last year. Jollibee...
Jollibee Foods Corporation is still optimistic about its growth prospects this year despite new challenges posed by rising costs and disruptions caused by Russia’s invasion of Ukraine. “Over the years, we have been unrelenting in our commitment to create value for both our shareholders and the...
