Sumitomo Mitsui raises stake in RCBC for P6.4B
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC), acquiring an additional 4.46 percent equity interest worth P6.4 billion and boosting its total ownership to 24.46 percent.
Binalot eyes overseas comeback, provincial expansion
Binalot Foods Corp., the fast-casual brand famed for meals wrapped in banana leaves, is sharpening its growth playbook as it deepens its Philippine footprint and eyes a return to overseas markets.
Land Bank sells stake in PDS to PSE
State-owned Land Bank of the Philippines has agreed to sell its 2.15 percent stake in Philippine Dealing System Holdings Corp. (PDS) to the Philippine Stock Exchange (PSE) for P80.62 million.
DFNN unit wins NAIA passenger processing contract
DFNN Inc.’s technology unit, iWave Inc., has been awarded a contract to help upgrade passenger processing systems at Ninoy Aquino International Airport (NAIA) Terminals 1 and 3.
DTI extends trustmark voluntary phase deadline
Online sellers received a boost after the Department of Trade and Industry announced it will defer mandatory registration under the Philippine Trustmark program, extending the voluntary phase until December 31, 2026, from the earlier 2025 deadline.
