Corporate
SM doubles SMAC membership to 10 million in 4 years; a boost to sales
SM Investments Corp., the listed investment holding company of the Sy Group, has solidified its position by establishing the largest retail rewards system in the Philippines, known as SMAC.
MPTC acquiring 35% of Jakarta toll operator
Metro Pacific Tollways Corp. is acquiring a 35-percent stake in a state-owned toll road operator in Jakarta in transactions seen completed this week.
Asset-light ABS-CBN projects positive cash flow towards year end
ABS-CBN Corp. on Thursday reported paring its loss by 18 percent in the first three months this year to P994 million from P1.2 billion in the same period last year.
Tuna catcher adds 8,000 MT to Frabelle’s annual catch
Frabelle Fishing Corp. has added another vessel to its tuna fishing fleet that will increase its annual catch by 8,000 metric tons (MT).
Shakey’s confident of hitting double-digit growth this year
Shakey’s Pizza Asia Ventures Inc., which owns the American pizza brand in the region, is confident of hitting double digit growth this year betting on the basis of the strong following of its stable of brands and continued store expansion.
