The story of Bitshares Labs Inc., or simply BLINC, is set in the backdrop of pine trees in Baguio City. In the heart of one of the country’s favorite summer destinations, a group of freelancers headed by Jan Emmet M. Yngson, now BLINC's President/CEO, saw an opportunity to build a company that...
Shakey’s Pizza Asia Ventures, Inc. has opened its first outlet in Singapore at the Lucky Plaza Mall along Orchard Road, catering to both locals and the Filipino community. In a disclosure to the Philippine Stock Exchange, Shakey’s Pizza said the store was franchised to Brenrich Pte. Ltd, a...
AREIT, Inc. (AREIT), the first Philippine real estate investment trust, will enter a second property-for-share swap with its sponsor AyalaLand,Inc.(ALI) worth P11.26 billion. In a disclosure to the Philippine Stock Exchange, the firm said the transaction will involve six Cebu-based office buildings...
The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of stock brokerage firm CTS Global Equity Group, Inc. worth up to P1.38 billion. The Commission En Banc resolved to render effective the registration statement of CTS Global covering 6.88 billion common...
PLDT Inc. and wireless unit Smart Communications, Inc. (Smart) secured more than 50,000 fixed and wireless permits to build their telco infrastructure as of last month, the telcos announced March 10. The government's move to cut red tapes in the permitting process for telcos helped PLDT and Smart...
The local stock market lost most of its intraday gains but still managed to end in the green as oil prices rose further due to the war in Ukraine. The PSEi inched up 12.15 points or 0.17 percent to close at 6,989.88 as Banks led the advance while Conglomerates and Mining firms retreated. Volume was...
San Miguel Food and Beverage, Inc. (SMFB) reported that its consolidated net income rose 40 percent to P31.4 billion last year, inching forward to the 2019 pre-pandemic level. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues grew 11 percent compared to the prior...
The Philippine Stock Exchange index (PSEi) suffered its biggest drop in 20 months to crash below the 7,000 level after a major hike in pump prices took effect coupled with reports of an even bigger increase next week. The main index fell 310.34 points or 4.26 percent to close at 6,977.73 as banks...
AIA Philippines, formerly AIA Philam Life, is seeking thousands of its policyholders and beneficiaries who have yet to claim their benefits ranging from policy maturities, reinstatements, claims, redemptions, and even refunds. In a statement, AIA Philippines said on Tuesday, March 8, that there are...
MREIT, Inc., the real estate investment trust of Megaworld Corporation, reported net income of P2.0 billion for its first six months of operation, July to December 2021. In a disclosure to the Philippine Stock Exchange, the firm said a large part of the profit (35 percent) was due to the...
Manila Water Philippine Ventures, a wholly owned subsidiary of Manila Water Company, Inc., now has 100 percent ownership of Davao Del Norte Water Infrastructure Company, Inc. (Davao Water). In a disclosure to the Philippine Stock Exchange, Manila Water said this comes after the acquisition of all...
The Philippine Swimming Inc. (PSI) will be sending a mix of foreign- and local-based tankers for the upcoming 31st Southeast Asian Games in Hanoi, Vietnam in May. Thanya Dela Cruz This came after the successful staging of the National Open at the Teofilo Yldefonso Swimming pool in Malate, Manila...
