Shakey’s posts P247-million loss as lockdowns hit operations
Shakey’s Pizza Asia Ventures Inc., the listed pizza restaurant chain led by the Po family, said it incurred a net loss of P247 million from the previous year’s income of P865.23 million.
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Shakey’s Pizza Asia Ventures Inc., the listed pizza restaurant chain led by the Po family, said it incurred a net loss of P247 million from the previous year’s income of P865.23 million.
Capital raised at the Philippine Stock Exchange Inc. (PSE) for both primary and secondary offer shares in the first quarter more than doubled to P41.63 billion, from last year’s P19.24 billion.
The Securities and Exchange Commission (SEC) has revoked the corporate registration of Pigdeals International Holdings Inc., a company that uses a Ponzi-like scheme to obtain investments from the public in exchange for raising piglets.
Billionaire Enrique Razon K. Jr. said he would oppose the moves of US-based casino operator Global Gaming Asset Management Philippines (GGAM) to force his companies to give out the $296.6-million award that GGAM initially won in a Singapore arbitration tribunal.
Ayala Corp. President and COO Fernando Zobel de Ayala said he would continue to promote gender diversity from the staff to the board level of the company, promising to continue increasing the number of women from entry-level to senior leadership positions.
Conglomerate San Miguel Corp. (SMC) on Wednesday said its total donation to its ongoing food assistance program for poor communities affected by stricter quarantine protocols reached P11 million, as it extended its program to nearby provinces, such as Cavite and Laguna.
JG Summit Holdings Inc., the holding firm of the Gokongwei Group, on Wednesday said it incurred a loss of P468 million for the entire 2020, a reversal of the P31.28-billion income in the previous year.
AgriNurture Inc. (ANI), the listed firm of businessman Antonio Tiu, said it will use the proceeds of its 75-million euro green bond float to fund the expansion of the company’s agricultural project that is geared toward climate change adaptation.
Conglomerate Ayala Corp. on Tuesday said it has submitted the shelf registration statement for the sale of bonds worth P30 billion, of which some P10 billion will be immediately sold to the market.
Filinvest Land Inc. (FLI), the property development arm of the Gotianun group, said its attributable net income for the entire 2020 fell 41 percent to P3.73 billion, from the previous year’s P6.28 billion, due to the effects of the pandemic on most of its operations.
GOVERNMENT agencies on Monday released the implementing rules and regulations of the Financial Institutions Strategic Transfer (FIST) Act, a law that allows for the establishment of corporations to invest in or acquire non-performing assets of covered financial institutions.
GT Capital Holdings Inc., the holding firm of the Ty family, said its net income fell 68 percent to P6.5 billion last year, from P20.3 billion in 2019 on lower car sales.
San Miguel Corp. (SMC) on Sunday said it is mounting another food donation drive to assist poor communities in Metro Manila following the government’s decision to impose stricter quarantine measures during Holy Week.
Greenergy Holdings Inc. has struck a deal with an affiliate of listed firm Abacore Capital Holdings Inc. for the development and operation of a logistics center and food terminal in a 3-hectare property near the Batangas Port.
Most of the employees of the companies owned by business tycoon Lucio Tan are ready and willing to be vaccinated once the firm’s orders arrive by the middle of this year.
Ayala Land Inc.’s (ALI) holdings in its real estate investment trust (REIT) AREIT Inc. will increase to 66 percent after a property-for-share swap deal, which will see the infusion of development, such as the Vertis North, into the REIT firm.
Century Pacific Food Inc. (CNPF), the maker of popular canned tuna and corned beef products, said its income grew 24 percent last year to P3.9 billion from the previous year’s P3.14 billion, as the pandemic pushed people to buy more canned goods.
Puregold Price Club Inc., the grocery chain led by businessman Lucio Co, said its income rose 19 percent in 2020 to P8.05 billion from the previous year’s P6.77 billion, mainly as a result of its strong fourth quarter performance.
Shares of the real estate investment trust (REIT) of DoubleDragon Properties Corp. failed to fly during its debut at the Philippine Stock Exchange (PSE), as its share price was on a downward trend almost the entire day.
DoubleDragon Properties Corp. has decided to reschedule the listing of the initial public offering (IPO) of its real estate investment trust (REIT) arm DDMP REIT Inc. hours before it was scheduled to list on the Philippine Stock Exchange (PSE).
Fast-food giant Jollibee Foods Corp. on Tuesday said it is vaccinating all of its employees and their families in the country, following a similar announcement from other firms.
The board of Filinvest Land Inc. (FLI) has decided to increase the number of shares it will offer via the initial public offering (IPO) of its unit Cyberzone Properties Inc. (CPI), which it will transform into a real estate investment trust (REIT).
AllHome Corp., the listed retail arm of the Villar Group, on Monday said it is strengthening its e-commerce platform, while offering flexible payment terms and other payment options to its customers.
D.M. Consunji Inc., the construction arm of listed firm DMCI Holdings Inc., on Thursday said it has started the construction of the P10.5-billion Caloocan-Malabon-Navotas Water Reclamation Facility project of Maynilad Water Services Inc.
Credit rating firm Moody’s Investors Service has maintained its investment grade rating for telecom giant PLDT Inc. as well as its stable outlook for the company.
The board of Abacore Capital Holdings Inc. has approved the acquisition of Libertad Logistics Integrated Zone Builders Development Corp., which Abacore will purchase at a discounted price.
Energy Development Corp. (EDC), the Lopez-led unlisted power generation firm, has filed a shelf registration of Asean Green Bonds worth P15 billion, a third of which will be immediately sold to the market.
Crown Asia Chemicals Corp., maker of PVC pipes, said its income last year fell 11 percent to P121.24 million from the previous year’s P136.41 million as its operations were hampered by a series of lockdowns in 2020.
Aboitiz Equity Ventures Inc. (AEV) on Tuesday said it has allotted some P48 billion in capital expenditures (capex) this year, half of which will go to its power unit.
Food and beverage kiosk operator Fruitas Holdings Inc. on Tuesday said the number of its community store openings is expected to reach 50 within a month and that it is on track to opening 100 stores before the end of the year.
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