Corporate
ACEN plans to raise P25 billion preferred shares offer
ACEN Corp. said Tuesday its board approved a plan to raise as much as P25 billion from the sale of preferred shares.
Nickel miners call for predictable regulation, shorter permitting process to spur investments
The Philippine Nickel Industry Association is urging government to promote predictable regulations and ease the process of securing permits to attract more investments in mining, particularly for value-added nickel processing.
Jollibee rules out taking Vietnam coffee business public for now
Fast food giant Jollibee Foods Corp. said listing its Vietnam operations, mainly coffee shops, may take longer than expected as it works to boost its operations in the country.
China carmaker BYD buys US firm Jabil’s mobility business for $2.2B
Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean division to buy its mobility business in China for 15.8 billion yuan ($2.17 billion).
CIP signals shift to investment holding business with units merger
The board of Chemical Industries of the Philippines Inc. has approved the company’s merger with seven companies, with CIP as the surviving entity.
