SMC Global Power Raising P15B via Bonds
The San Miguel Corp. has yet another capital-raising exercise this year to help refinance existing debt. This time around, the sale of peso-denominated bonds by its power generation arm. At …
DoubleDragon Capital Hike Approved by SEC
DoubleDragon Properties managed to secure the green light from the Securities and Exchange Commission for its capital hike. This move paves the way for preferred shares being issued to investors. …
Accel Raised New $500 Million European Fund
Accel recently raised $500 million for Accel London V. The fund is focused on Series A and B investments throughout Israel and Europe. The Ace London IV, a $475 million …
Alibaba’s Lazada Buy Doesn’t Faze Local Firms
Local e-commerce players remain unfazed by Alibaba Group Holding Ltd.’s acquisition of Lazada Group SA. In fact, they are investing in logistics to ramp up operations, seeing the deal as …
Alson Coal Plant Waiting for Green Light
It was announced on Monday that the Alsons Power Group’s Sarangani Energy Corporation had completed key tests for its first 105 megawatt coal-fired power plant. They are currently awaiting a …
Reddit Unveils New Smartphone App
After a long wait, Reddit finally unveiled its first official app for both the iOS and Android. The company previously made do with Alien Blue, which began as a third-party …
San Miguel Set to Begin Development of MRT-7
The San Miguel Corp. is set to begin working on big-ticket infrastructure projects this year. One project is the already-delayed expressway project that would connect three terminals of the Ninoy …
Ortigas & Co. to Accelerate Spending
There are plans to accelerate spending once Ortigas & Co.’s master plan for its mixed-use projects is finalized. In an interview last week, president and CEO Jaime E. Ysmael said …
Luke Fitzpatrick’s No-Holds-Barred Approach: Start Marketing Your Startup From Day One!
A visit to the website of Shushnote presents viewers with a zoomed-in image of a cute, furry hamster—and not much else. Aside from a button teasing “I dare you to …
Philippines Aiming to Increase Fishing at Benham Rise
The Department of Agriculture wants to increase the Philippines’ physical control of the Benham Rise by encouraging fishing communities on the east coast to fish more. According to the director …