Corporate

The Philippines is expecting six initial public offerings (IPOs) in 2024 as capital markets may benefit from better economic conditions with an easing of inflation and lower interest rates, the head of Manila's bourse said.

Filinvest Development Corp. the holding firm of the Gotianun group, on Tuesday obtained approval from the Securities and Exchange Commission (SEC) to sell P10 billion worth of bonds.

Global Ferronickel Holdings Inc., a listed nickel producer trading under the name FNI, said Tuesday its subsidiaries, Platinum Group Metals Corp. and Ipilan Nickel Corp., have signed an annual sale and purchase agreement with Baosteel Resources International Co., Ltd. for up to 1.5 million metric tons of nickel ore.

Titan Dining, a private equity fund which owns the Tim Ho Wan brand and company-owned Tim Ho Wan restaurants, will be increasing its current fund size to SGD450 million from SGD350 million to support the expansion of Tim How Wan, other brands, and other future food and beverages concepts that may be included in the portfolio in the future.

Vista Land & Lifescapes Inc. said Tuesday its unit, VLL International Inc., has established a USD2 billion medium-term note program to raise funds for the various real estate projects of former Senate President Manuel Villar.