Corporate

Petron Corp. on Monday listed on the Philippine Stock Exchange preferred shares to raise P16.83 billion for the country’s largest oil company with operations in Malaysia.

Chelsea Logistics and Infrastructure Holdings Corp., a debt-saddled company of Davao-based businessman Dennis Uy, said its recent liability management exercise has brought it financial relief and better financial results that it hopes to sustain with cost management and improved operational efficiency.

Luna Securities Inc., only two years old as an online stockbroker, plans to capture more of the market through commission fees lower than its peers to reduce the cost of trading for its customers.

GCash lending unit Fuse has partnered with Puregold in providing sari-sari store owners and micro, small, and medium enterprises (MSME) a range of digital business solutions, including the in-app GGives for Business.

Potato Corner, the kiosk-based food brand acquired by listed Shakey’s Pizza Asia Ventures Inc. in 2022, has expanded its store network to 2,000 outlets globally with the recent opening of a new outlet in SM Cebu. The store is operated by franchisee Por Fin Trading Corp.