Filinvest Land, Inc. (FLI) has raised P11.9 billion from the issuance of 3-year and 5-year peso fixed-rate bonds to refinance maturing debt and fund its capital expenditure program. In a statement, the firm said the bond offering was almost 10 times oversubscribed over the base amount of P8.0...
The local stock market fell again as investors worry about the possibility of a new surge in Covid cases as higher interest rates due to rising inflation. The main index plunged 117.19 points or 1.87 percent to close at 6,168.00 with the Property sector suffering the biggest drop. Volume increased...
Shakey’s Pizza Asia Ventures Inc. is ramping up the expansion of newly-acquired Potato Corner with the aim of doubling its store count in three to four years instead of the previous plan of five to seven years. The firm is planning to put up 150 Potato Corner stores this year in addition to the...
Smart Communications, Inc. (Smart) backed the renewed push for Subscriber Identity Mobile (SIM) Card Registration Bill to ensure consumer protection, the telco stated Wednesday, June 22. This comes as Senator Grace Poe, chair of the Senate public services committee, urged members of the incoming...
A priest from the Diocese of San Fernando of La Union is planning to join the Iglesia Ni Cristo. Photo Diocese of San Fernando de La Union FB In a statement dated June 20, the diocese said Fr. Romeo G. Lopez's has long been contemplating on joining the INC. "We regret to inform you that for a long...
Razon's Prime Infra slates P28-B IPO By JAMES A. LOYOLA Prime Infrastructure Capital Inc. (Prime Infra) of the second richest Filipino Enrique K. Razon Jr. is planning an initial public offering worth up to P28.2 billion. The Securities and Exchange Commission has received the registration...
BDO Unibank has primed its digital banking channels to address the sudden demand for contactless financial transactions during the pandemic as well as to make bank services more accessible and convenient in the new normal. In a statement, the bank said it launched BDO Online and BDO Pay allow BDO...
PLDT Inc. and Smart Communications, Inc. blocked over 23 million malicious messages in just three days , June 11 to 14, 2022, the telcos announced. ‘Smishing’ or SMS phishing is a form of social engineering done through text messages. They deceive customers into thinking they were sent by...
Cosco Capital, Inc., the retail holding firm of businessman Lucio Co, is venturing into the construction and home depot business through a P500 million partnership with Siam Global House Public Company Limited of Thailand. In a disclosure to the Philippine Stock Exchange, Cosco said it has signed a...
PLDT Inc. recently deployed additional submarine cable links to connect major islands in Southern Luzon and Visayas for the first time, expanding its fiber service to Burias Island in Masbate, Lubang Island in Occidental Mindoro and Semirara Island in Antique. The fiber connectivity will improve...
Cebuana Lhuillier and Element partnership Privacy-led, modern AI pioneer in digital identity services, Element, Inc., announced its partnership with Cebuana Lhuillier, the Philippines largest micro financial services provider to provide electronic Know-Your-Customer (eKYC) services to all...
Customers of the Maynilad Water Services Inc. in the business areas of Muntinlupa, Las Piñas, Malabon, Valenzuela and Quezon City will get rebates in their water bill after the company implemented tax rates that are not in accordance with those approved by the Metropolitan Waterworks and Sewerage...
