Corporate
Shang Properties buys SMC’s Rapidshare Realty and Dev’t Corp. for P2.5B
Shang Properties Inc, the listed property development arm of the Kuok Group, said Thursday it acquired Rapidshare Realty and Development Corp., a wholly-owned subsidiary of San Miguel Properties Inc., for P2.5 billion.
GMA Network boosts film production with equity conversion
GMA Network Inc., the Philippines' largest broadcast network, said Thursday its board of directors approved the conversion of P18.75 million in advances into equity for its wholly-owned subsidiary, GMA Network Films, Inc.
DoubleDragon to launch Otso Buenas retail bonds
DoubleDragon Corp., a listed property developer, said Thursday it set to launch in November its Otso Buenas retail bonds, with an initial tranche of P5 billion and an oversubscription option of P5 billion.
Starbucks needs to go back to its core—CEO
Something is brewing at Starbucks, the iconic global coffeehouse chain whose shares have fallen this week amid weaker earnings and an uncertain outlook as its new chief executive implements a strategy to boost future growth.
PSE to Launch GPDR and domestic derivatives by 2026
The Philippine Stock Exchange Inc. (PSE) plans to introduce the Global Philippine Depository Receipts (GPDR) program by Q1 2025 and domestic derivatives a year later.
