Corporate
NEXTASIA raises ₱300M for southern expansion
NEXTASIA Land, Inc. has tapped the debt capital market for the first time, raising P300 million through an unsecured corporate note facility to fund residential projects and strategic land acquisitions in Southern Luzon.
Indonesian retailer MAP takes over Marks & Spencer operations
Indonesian lifestyle retail leader PT Mitra Adiperkasa Tbk (MAP) has secured the franchise rights to run Marks & Spencer (M&S) stores in the Philippines, taking over from local firm SSI Group Inc.
Former PAL chief joins DOT leadership team
The Department of Tourism (DOT) has bolstered its leadership ranks with the appointment of three new undersecretaries, including former Philippine Airlines (PAL) president Stanley K. Ng, as the agency intensifies efforts to strengthen the country’s tourism competitiveness and accelerate industry growth.
Alliance Select halts operations due to strong earthquake
Alliance Select Foods International Inc. has temporarily suspended operations at its General Santos facility after strong 7.8 magnitude earthquake struck the city and nearby areas on Monday, June 8, forcing the company to assess damage and ensure employee safety before resuming production.
Security Bank’s wholesale banking head steps down; interim oversight set
Security Bank announced Monday that John Cary Ong will leave his post as head of the wholesale banking segment.
