Bizsnippets
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SM Prime Board Approves of P60-B Bond Issue
SM Prime Holdings, Inc. plans on raising around P60 billion through a bond issue. They also expect to raise the amount over the next three…
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GT Capital Earns P2.95 Billion in the Year’s First Quarter
GT Capital Holdings, Inc. earned a net profit of P2.95 billion in 2016’s first three months. Its earnings across several businesses, including banking, power generation,…
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Arizona Governor Protects Airbnb
Arizona’s Republican governor Doug Ducey has signed a bill prohibiting cities and local municipalities from banning short-term rentals such as Airbnb. The signing of the…
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DMCI Books P3-B Projects in the First Quarter
D.M. Consunji, Inc. managed to bag P2.9 billion worth of projects in 2016’s first quarter. The brand new projects have brought the construction firm’s order…
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San Miguel Corp. Plans New Power Plants
San Miguel Corp. has plans to build two new power plants in Luzon, as well as three in Mindanao. This will provide the publicly listed…
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Spanish Vacation Rental Search Engine Hundredrooms Raises €4.1M
European vacation rental search engines are gaining popularity and raising funding. The latest to secure financing after Holidu and HomeToGo is Hundredrooms. The Spanish vacation…
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Emperador Bringing Brandy to Foreign Soil
Emperador, Inc. is looking to bring its homegrown brandy to markets outside of the Philippines. Its potential targets include other Asian markets as well as…
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COSCO Boosted by Consumer Spending
Cosco Capital revealed that its net profit managed to grow by 11% during the year’s first quarter. The net profit is boosted by the strength…
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An Australian Startup Hub to Rival Silicon Valley?
Canva, Atlassian and other tech leaders in Australia are coming together to create a startup hub in Sydney, Australie–one that will rival the world’s best,…
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SM Prime Opens 58th Mall in the Philippines
SM Prime Holdings, Inc. opened its 58th mall on Friday. SM Prime revealed in a statement that SM City Trece Martires is also the fifth…
