Corporate
SEC revokes Lucky South 99 franchise
The Securities and Exchange Commission has revoked the incorporation papers of Lucky South 99 Corp. for operating as a Philippine offshore gaming operator even though its registration was as a business process outsourcing company.
SEC revokes Procap, Ray International franchise
The Securities and Exchange Commission (SEC) has cancelled the corporate registrations of Procap International and Ray International Philippines Corp. who were caught illegally soliciting investments from the public.
Gotianun Group projects doubling hotel keys in 5 years
Filinvest Hospitality Corp., the hotel operator of Gotianun-led Filinvest Development Corp., projects to more than double its portfolio of 1,800 hotels in the next five years, mostly in areas where tourists gather.
PH, Taiwan bourses strengthen relationship
The Philippine Stock Exchange and the Taiwan Stock Exchange have forged a memorandum of understanding that strengthens the relationship of the bourses.
Second ALLHC cold storage facility breaks ground in Cebu
Listed AyalaLand Logistics Holdings Corp. has broken ground for the construction of its ALogis Artico Consolacion facility in Cebu to meet the rising demand for temperature-controlled units in Central Visayas.
