Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has raised its stake in Rizal Commercial Banking Corp. (RCBC), acquiring an additional 4.46 percent equity interest worth P6.4 billion and boosting its total ownership to 24.46 percent.
Binalot Foods Corp., the fast-casual brand famed for meals wrapped in banana leaves, is sharpening its growth playbook as it deepens its Philippine footprint and eyes a return to overseas markets.
State-owned Land Bank of the Philippines has agreed to sell its 2.15 percent stake in Philippine Dealing System Holdings Corp. (PDS) to the Philippine Stock Exchange (PSE) for P80.62 million.
DFNN Inc.’s technology unit, iWave Inc., has been awarded a contract to help upgrade passenger processing systems at Ninoy Aquino International Airport (NAIA) Terminals 1 and 3.