Bizsnippets category: Philippine Updates

Globe Telecom has stated that two million homes will have access to an internet speed of 10 Megabits per second by the year 2020. Invests are being rolled out to …

DoubleDragon came up with a plan to raise P10 billion from the preferred share sales. The dividend rate is pegged at 6.477% per annum. This is the bottom end of …

In 2015, the Gokongwei family’s retail holding firm raised its net profit by 22%, which is more than a fifth of the previous year. This increase is the result of …

More than P5.8 million worth of help has been turned over by the government to help out farmers that belong to 16 Irrigators Associations. The Department of Agriculture released a …

The garnishment order on LBC Express Holdings, Inc.’s assets has been lifted following a Php 1.8 billion collection case filed by the PDIC. The PSE revealed that it received a …

Ortigas & Co. is tweaking their master plan for major projects after naming a brand new management team. This includes executives from both Sy and Ayala groups. According to Ortigas’ …

Starting this year, GT Capital Holdings, the holding company for George Ty’s businesses, is raising its stake in Profriends. GT Capital President Maria Bautista revealed in a phone interview that …

Ayala Corp maintained its excellent retail bonds. PhilRatings proclaimed that it retained the PRS Aaa credit rating for its P10 billion retail bonds, which are due on April 30th, 2017. …

Metro Retail’s five-year expansion program is set to begin this year. The company plans on opening at least seven stores to take advantage of the rising consumer spending. The plan …

GMA Network, Inc. reveals that it has partnered with two foreign pay TV operators to make its international channels available in various other parts of the world. This includes North …