Balai ni Fruitas Inc. (BALAI), a wholly-owned bakery subsidiary of Fruitas Holdings Inc., is planning an initial public offering worth up to P309 million for its expansion program. In a disclosure to the Philippine Stock Exchange, Fruitas said BALAI is set to file a registration statement with the...
SMART-PLDT PLDT Inc. and wireless subsidiary Smart Communications, Inc. (Smart) ramped up their nationwide network rollout after securing over 45,000 fixed and wireless permits as of Dec. 21, 2021. "As the economy re-opens and our countrymen continue to recover from the pandemic, the demand for...
Haus Talk IPO set at maximum offer price Unfazed by the performance of recently public listings, dousing developer Haus Talk Inc. has set the final offering price for its planned P750 million initial public offering at the maximum indicative price of P1.50 per share. Haus Talk informed both the...
Shakey’s Pizza Asia Ventures, Inc. (PIZZA), the leading full-service restaurant chain group in the Philippines controlled by the Po family, is buying the popular Potato Corner, one of the leading food kiosk brands in the country. In a disclosure to the Philippine Stock Exchange, Shakey’s said...
Century Pacific Food, Inc., one of the leading branded food and beverage companies in the Philippines, is acquiring the iconic and market leading Ligo, a legacy brand known for its range of high quality sardines and other marine products, from the Tung family. In a disclosure to the Philippine...
NCIP approves ANI project with Bagobos By James A. Lpyola The rice and corn production project of AgriNurture Inc. (ANI), in partnership with the Unified Bagobo Tagabawa Tribe (UBTT) of Davao del Sur and North Cotabato, has been approved by the National Commission on Indigenous Peoples (NCIP) -...
HMG-telephonyu Around 5,000 customers nationwide availed of local telcos' mobile number portability (MNP) service in the first three months, the Telecommunications Connectivity Inc. (TCI) reported Dec. 23, 2021. TCI is the joint venture which DITO Telecommunity (DITO), Globe Telecom Inc. (Globe)...
CALAX-SUBS5-SILANG-4 MPCALA Holdings Inc., (MHI) has activated its "Oplan Biyaheng Ayos" in its Cavite-Laguna Expressway (CALAX) as it expects 10 percent traffic surge from December 23, 2021 to January 4, 2022. The toll road operator placed CALAX's operation on heightened alert status to guarantee...
Figaro Coffee Group, Inc. has set the price of its planned initial public offering at P0.75 per share, much lower than its maximum indicative price of P1.28 per share for an offering size of P767.4 million. In a disclosure to the Philippine Stock Exchange, Figaro said it is also reducing the IPO...
Cemex Holdings Philippines, Inc. (CHP) reported that the cement manufacturing plant of subsidiary APO Cement Corporation in Naga City, Cebu, is operational in the aftermath of Typhoon Odette. In a disclosure to the Philippine Stock Exchange, Cemex said that, while APO Cement has experienced...
Filinvest Land, Inc. (FLI) has successfully raised P10 billion for its capital expenditure program through the issuance of 4-year and 6-year peso fixed-rate bonds. In a disclosure to the Philippine Stock Exchange, the firm said the bond offering was more than 4 times oversubscribed from the base...
converge Domestic credit rating agency Philippine Ratings Services Corp. (PhilRatings) gave the highest credit rating of "Aaa with stable outlook” to the P5 billion maiden bond offer of Converge ICT Solutions Inc., with an oversubscription option of up to P5 billion. PRS gave the rating due to...
