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Golden Haven formalizes entry into mass housing

Golden Haven, Inc. (HVN) is formalizing its entry into the mass housing sector after issuing P3.01 billion worth of shares out of its unissued...

UnionBank raises P3 billion via LTNCD

UnionBank of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD) to improve its deposit maturity profile and help expand...

AgriNurture to conduct stock rights offering

AgriNurture, Inc. will be conducting a P283.76 million stock rights offering (SRO) in a bid to raise capital for the expansion of its agricultural...

PBB to raise up to P10 billion from LTNCD issuance

Philippine Business Bank (PBB) is set to conduct capital raising activities to capitalize on attractive lending opportunities. In a disclosure to the Philippine Stock Exchange...

Jollibee boosts stake in Smashburger to 85%

Homegrown food giant Jollibee Foods Corp. (JFC) has further ramped up its stake in United States-brand Smashburger with an additional investment of $100 million. In...

Ayala tightens hold on Tutuban Center owner

By Krista A. M. Montealegre, National Correspondent PROPERTY GIANT Ayala Land, Inc. (ALI) tightened its grip on the owner and developer of Tutuban Center in Divisoria...

PSE drafts guidelines for short selling transactions

THE Philippine Stock Exchange (PSE) is seeking public comments on its draft rules for short selling transactions, a mechanism that is already allowed under...

More holding firms turn in positive results

FIVE MORE conglomerates reported favorable results on Friday, firming a generally positive picture of listed holding companies in the third quarter and the nine...

PSE approves Cirtek, 8990 share offerings

THE Philippine Stock Exchange (PSE) has given Cirtek Holdings Philippines Corp. and 8990 Holdings, Inc. the final approval to issue their respective preferred shares...

SMC consolidates beverage businesses under Pure Foods

By Arra B. Francia, Reporter SAN MIGUEL CORP. (SMC) is consolidating its beverage businesses under San Miguel Pure Foods Company, Inc. (SMPFC) through a P336.35-billion...

After delisting, Calata says PSE should review rules

By Arra B. Francia, Reporter CALATA CORP. said the Philippine Stock Exchange (PSE) should revisit its rules, saying its involuntary delisting should be a precedent...

Metrobank set to buy out ANZ’s stake in credit card joint...

METROPOLITAN Bank & Trust Co. (Metrobank) is set to buy out a minority shareholder in a credit card joint venture for P14.8 billion, which...

PSE moving to woo China investors

THE PHILIPPINE STOCK EXCHANGE (PSE) is wooing the Shenzhen Stock Exchange to secure a minority interest in the local bourse -- a move that...

A combination of benefits

Investing in mutual fund has long been recognized as one of the best ways to make one’s money grow. Indeed, according to the Philippine...

Fried chicken king Jollibee chases McDonald’s with US, China hunt

MANILA/SINGAPORE — Jollibee Foods Corp., the fast food chain that controls more than half of the Philippines’ $4-billion market with its signature fried chicken,...

Corporate regulator OK’s Philippine Airlines’ equity restructuring

THE Securities and Exchange Commission (SEC) has approved the application of Philippine Airlines, Inc. (PAL) to decrease its authorized capital stock, alongside the increase...

PSE acquires Philam’s 4% stake in PDS for P80 million

THE Philippine Stock Exchange, Inc. (PSE) has once again raised its stake in the Philippine Dealings System Holdings Corp. (PDSHC), after acquiring The Philippine...

SEC approves 8990’s preferred share offer

THE Securities and Exchange Commission (SEC) approved on Friday the fund-raising activities of mass housing developer 8990 Holdings, Inc. and Alcantara-led holding firm Alsons Consolidated...

DoubleDragon files for new share offering

DOUBLEDRAGON Properties Corp. has lodged with the Securities and Exchange Commission (SEC) its application for a P7.5-billion follow-on offering that would help finance its...

Ayala completes deal to acquire Zalora stake

THE Ayala Group on Thursday said it completed the acquisition of a 49% stake in the owner and operator of online fashion platform Zalora...

DoubleDragon follow-on offer by yearend

By Arra B. Francia, Reporter DOUBLEDRAGON Properties Corp. targets to issue its P7.5-billion follow-on offering before the end of the year, which the company plans...

PSE further hikes stake in fixed-income exchange

THE PHILIPPINE Stock Exchange, Inc. (PSE) has further increased its stake in the country’s fixed-income bourse with the acquisition of Investment House Association of...

Uy’s Udenna completes Enderun acquisition

THE HOLDING FIRM of Davao-based businessman Dennis A. Uy has finalized its acquisition of Enderun Colleges, Inc., furthering its foray into the education sector. In...