Corporate
Cebu Pacific plans P42B capex in 2023, eyes return to profitability
Cebu Air Inc., which owns the country’s largest budget carrier Cebu Pacific, told the Philippine Stock Exchange on Thursday it has budgeted P42 billion as capital expenditures this year, most of which will fund aircraft purchases.
Chemphil to be renamed Uniholdings, plans follow-on offer
Chemical Industries of the Philippines (Chemphil) said Thursday its board approved the plan to change its name to Uniholdings Inc.
Monde Nissin takes 15% of Figaro Coffee for P820.3M
Food giant Monde Nissin Corp. said Thursday it will acquire a 15 precent stake in Figaro Coffee Group Inc. for P820.3 million, equivalent to a price of P1 a share, a premium to the current market price of P0.89.
JG Summit completes repurchase of $750M, 10-year bonds due 2023
JG Summit Holdings Inc., the listed company that holds the diversified investments of the Gokongwei family, said Wednesday it has redeemed and cancelled all...
GCG addressing government corporations compensation issues
The Governance Commission for GOCCs or GCG said on Wednesday it is working to resolve issues raised under the Compensation and Position Classification System for those working in government-owned and controlled corporations, particularly concerns underscored by Clark Development Corp.
