Corporate
Grab PH donates e-bikes in support of active transport push
Grab Philippines has partnered with the Department of Transportation (DOTr) and donated pedal-assist bicycles and helmets to 20 individuals as part of the agency’s Active Transport Program, underscoring a joint commitment to sustainable mobility and road safety.
First Filipino Nasdaq listing stumbles out of the gate
Hotel101 Global Holdings Corp. (Nasdaq: HBNB), the first Filipino company to list on the Nasdaq, saw its shares tumble 70 percent on its first day of trading, closing at US$3.28. The steep decline followed its merger with JV SPAC Acquisition Corp., whose shares closed at a significantly higher level the previous trading day.
Del Monte Foods enters bankruptcy; Parent DMPL faces $748M exposure
Del Monte Pacific Ltd. (DMPL) of the Campos Group on Wednesday confirmed that its U.S. subsidiary, Del Monte Foods Holdings Ltd. (DMFHL), has filed for Chapter 11 bankruptcy protection as part of a comprehensive restructuring and asset sale process.
DigiPlus taps Brazil as next growth frontier
DigiPlus Interactive Corp. on Wednesday confirmed it is on schedule to commence operations in Brazil by September this year, reinforcing its long-haul international expansion roadmap and marking a key milestone in its corporate growth strategy.
Investor surge pushes Higala seed round to $4M
Manila-based instant payment infrastructure provider Higala has successfully expanded its seed funding round to US$4 million, surpassing its initial US$2.8 million target amid strong investor interest.
