Corporate

04 December 2020

  • Globe secures LandBank loan for network expansion
    Globe Telecom Inc. has secured a P5-billion loan from the Land Bank of the Philippines (LandBank), an amount that will help bankroll the company’s general financing and corporate requirements for capital expenditures, a disclosure to the stock exchange showed. The Ayala-led telco is spending about P50 billion in capital outlays this year, most of which […]
  • Federation of Filipino Chinese Chambers of Commerce and Industry bullish on recovery
    THE Federation of Filipino Chinese Chambers of Commerce and Industry, Inc. (FFCCCII) said it is supporting the government’s efforts to achieve economic recovery in 2021 amid the uncertainties brought about by the Covid-19 pandemic. From this year’s expected economic contraction of 8 percent to 10 percent, National Economic and Development Authority Director-General Karl Kendrick Chua […]
  • CPG to reallocate a portion of proceeds from share sale
    Century Properties Group Inc. (CPG), the property development firm led by the Antonio Group, on Thursday said it is reallocating some of the proceeds of its P2.95-billion preferred shares offering it conducted earlier this year. In its disclosure, the company said it will use P500 million of the proceeds to acquire the 40-percent stake of […]
  • Covid-proof hotel gets BOI approval
    With the endorsement of the Department of Tourism, the Board of Investments (BOI) recently approved the P4.1-billion Westin Sonata Palace Hotel project of Robinsons Land Corp. (RLC) in Mandaluyong City. The Westin Manila Sonata Palace Hotel is RLC’s first Marriott International Hotel brand, which is internationally renowned for topnotch facilities and excellent service. The hotel […]
  • SMC buys Petron’s insurance arm
    Conglomerate San Miguel Corp. (SMC) on Thursday said its board of directors has approved the company’s P3-billion equity investment in Petrogen Insurance Corp., the insurance company wholly-owned by refiner Petron Corp. “With the investment, the corporation will have direct equity interest in Petrogen…in addition to its current indirect equity interest through Petron. The additional investment […]

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