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News comes after merger talks with rival Gojek stalled.
Grab is reportedly exploring an initial public offering (IPO) in the United States later this year. Reuters reports that the ride-hailing and food delivery giant is encouraged by robust investor appetite for IPOs. The IPO could be worth at least $2 billion (P96.1 billion).Reuters’ ...
 
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The company will develop Carbon City market.
Just weeks after it lost the Original Proponent Status (OPS) for the rehabilitation of the Ninoy Aquino International Airport, Megawide is bouncing back with a new project. The listed engineering and construction firm announced on Monday that it had formally entered into a ...
 
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The Kapuso network says it is going “all-out” on content production and digital TV expansion.
Listed GMA Network Inc. is setting aside P20 billion for its capital expenditure for a new building and to boost its content for 2021 to 2023. In a disclosure to the Philippine Stock Exchange, the capital expenditure will go to the construction of ...
 
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Escaping to a deserted island just got more real.
People serious about “getting away from it all” are taking social distancing to the next level. In Japan, there’s been a noticeable spike in people expressing interest in buying their own deserted island during the pandemic. According to a Nikkei Asia report, four ...
 
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If you don’t have the right money mindset, you will always go back to your bad habits.
The year 2020 has been the most difficult year financially for many of us. A lot of people lost their jobs due to business slow down and closures. Many have exhausted their savings and used up their credit cards during the trying ...
 
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The Philippines is definitely Starbucks country.
We already know the story of the first Starbucks store in the Philippines: how it opened in 1997 at the 6750 building in Makati City, and that it was only the third international location for the Seattle, Washington-based coffee company. But how much ...
 
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The company allegedly threatened to reveal borrowers’ information on social media.
Lending company Super Cash has been stripped of its license to operate for alleged unfair debt collection practices. According to the Corporate Governance and Finance Department (CGFD) of the Securities and Exchange Commission (SEC), the company threatened borrowers with shaming on social ...
 
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The super-app had to act fast in the midst of an unprecedented crisis to address the needs of its customers.
After the government temporarily prohibited the operations of transport network vehicle services in March to contain the spread of COVID-19, Grab had to act fast. Transport is one of the key consumer services of the region’s so-called “super-app,” and while the company ...
 
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The conglomerate has acquired a controlling stake in MGHI.
Ayala Corp. is expanding its healthcare business with its acquisition of a controlling stake in health and hospital network Mercado General Hospital Inc., or Qualimed, the company announced Tuesday (December 22).The company is acquiring MGHI through Healthway Philippines Inc., a subsdiary of ...
 
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The gift of wisdom is always the best kind of gift.
We’re a few days away from Christmas and if you still can’t decide which gift to get for your friends, family, boss, or colleagues in the business circle, maybe this list can help you get through.Here are the 10 Best Business Books ...
 
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You can promote small businesses with quality products by using the #LoveLokal hashtag.
Survival has been the key theme for Filipino small businesses this year as the pandemic shut down shops and stores. But as challenging as 2020 has been, many entrepreneurs are still fighting to survive. Facebook has decided to lend them a helping ...
 
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Franchising expert shares global insights on the industry in the new normal.
Franchisors, franchisees, and those aspiring to be either continue to witness and experience first-hand the challenges and wins of the industry, even with the current adversity. Clearly, there is little doubt doubt that going into franchising can help provide the greatest chance ...
 
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Finally, some good news for the hard-hit auto industry.
Automobile sales will experience double-digit growth in 2021 as demand for new vehicles that began in the second half of 2020 carries over into the new year. This is the assessment of Fitch Solutions Country Risk and Industry Solutions, an affiliate of ...
 
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Ever wanted to own a Yellow Cab pizza store?
Are you ready to fuel the hungry? If yes, then you might be up for a Yellow Cab franchise. The company’s tagline, “We Fuel The Hungry,” is a testament to its commitment, innovation, and drive to serve only the tastiest New York-style ...
 
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The app is also launching a payments platform soon.
Many of us use messaging apps to communicate with loved ones, friends, work associates, and even strangers. They’ve become so indispensable to everyday life that we hardly give a second thought about the kind of information that we’re sending out. Privacy is ...
 
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Now that’s devotion.
If you’ve ever liked, even LOVED, a musical artist, you’ve likely supported them by buying their music, watching their shows online or live, or even buying stuff like their t-shirts, mugs, stickers, and the like. We’ve never actually given thought to how ...
 
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The central bank said the new logo was developed in-house.
The Bangko Sentral ng Pilipinas has denied that it spent millions of pesos to develop its new logo. In a statement, the BSP said the “new logo was developed by in-house talents who shared their skills in the process. Thus, no procurement was ...
 
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It’s the second REIT IPO this year.
DoubleDragon Properties Inc has finally filed its registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its real estate investment trust (REIT) DDMP REIT Inc. The REIT IPO consists of up to 5.94 billion common shares with ...
 
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Total sales of the specialty retailer reached P7.3 billion in the first nine months of the year.
The SSI Group Inc seems to be on the road recovery. According to its earnings report for the third quarter of 2020, the country’s leading specialty retailer posted sales of P2.3 billion during the period, reflecting an increase of 208 percent compared ...
 
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Everybody’s favorite electronics store is a shadow of its former self.
At its peak, CD-R King had about 500 branches scattered all across the archipelago. By comparison, Mang Inasal, one of the most famous fast-food chains in the country currently has around 450 branches. CD-R King was the retail equivalent of the lechon manok, ...
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