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It's the second IPO of the year.
The Securities and Exchange Commission (SEC) has cleared the way for the initial public offering of Converge Information and Communications Technology Solutions (Converge ICT), Inc. for a maximum of about P41.55 billion.Also read: Study Reveals the Two Pop Songs Most Enjoyed by Psychopaths  It is ...
 
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New partnership will complement MerryMart’s existing network of physical branches.
MerryMart Grocery Center Inc. is capitalizing on the rise of on-demand grocery delivery service with a partnership with FoodPanda. The supermarket subsidiary of Edgar “Injap” Sia’s listed MerryMart Consumer Corp. has signed an agreement with food delivery platform FoodPanda Philippines through its ...
 
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Don’t plan on switching networks just yet.
On September 14, 2020, the National Telecommunications Commission (NTC) granted NOW Telecom Company, Inc., an extension of its provisional authority to install, operate, and maintain a nationwide mobile telecommunications system. According to the company, the authority essentially allows the company to operate ...
 
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Asia’s largest franchise conference goes online September 21 to 25.
Samie Lim, the “Father of Franchising” in the Philippines, envisions the years 2021 to 2025 to be the “Golden Age of Franchising.” Paving the way for this era is the first-ever Franchise Asia Philippines 2020 Virtual Conference, which is happening on September ...
 
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It’s to help improve the company’s revenue.
Philippine National Bank is selling off three prime properties collectively worth almost $1 billion to help reduce low-earning assets and improve revenue.Top Story: Who Are Philip and Small Laude? The bank owned by billionaire Lucio Tan said it is planning to dispose of a ...
 
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It's holding a farewell sale to say thanks.
Comic Quest—an institution in local comic book retail and general geekery—is closing down permanently. In a post on its Facebook page, the comic book and hobby shop that was founded in 1986 said the twin pressures of the coronavirus pandemic and disruption ...
 
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"Cooperation is more needed than competition," said Jaime Augusto Zobel de Ayala.
In a talk with the University of Chicago Booth School of Business, Jaime Augusto Zobel de Ayala imparted some words of wisdom to business owners, big and small, listening in on his talk on corporate social responsibility.Top story: Who Is Ivana Alawi?JAZA, the ...
 
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International brands continue to explore the Philippines thru franchising.
With its economy on the road to recovery, the Philippines is tapping into the franchising industry as one of its prime movers. Aside from the upcoming first-ever Franchise Asia Philippines Virtual Conference, an exclusive International Franchise Discovery Day and One-on-One Business Matching ...
 
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LVMH has called off takeover deal amid COVID-19 and tariff issues.
French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) is backing out of a deal to acquire Tiffany & Co., and the world’s most famous jewelry retailer is not happy about it. According to multiple news reports, LVMH cited closing date issues as ...
 
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The DTI secretary says it’s the reason there are so many people registered onine businesses during the lockdown.
People dreaming of opening their own business will find that it’s much easier to do so now, thanks to online tools set up by government agencies.Also read: Inside the Lavish Life of the Ambanis, Asia's Wealthiest FamilyAccording to the Business Name Registration ...
 
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The transaction involves a sugar mill, bio-ethanol plant and RHI shares.
Universal Robina Corporation (URC) can proceed with its planned acquisition of assets owned by Roxas Holdings Inc. (RHI) after the Philippine Competition Commission (PCC) found it does not lead to substantial lessening of competition in sugarcane milling in the Negros region.Also read: How ...
 
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Replicating a successful business isn't easy. An operations manual can help.
Replicating something simple—like a drawing, a flow chart, or a recipe—is quite easy. But what if you’re going to replicate an entire business? How are you going to ensure that all the business operations will be successfully repeated to arrive at the ...
 
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Victor Agustin earns the ire of yet another of his column subjects.
A member of the Lopez family of ABS-CBN has written an open letter refuting the allegations of a popular newspaper columnist, calling them "irresponsible" and "wrong."Top Story: Why is there a Piece of Manila Inside Makati?In his Money-Go-Round column in the Philippine Star ...
 
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Mounting losses and competition forced the closure of the subsidiary.
Ayala-led Manila Water is closing its Healthy Family Business Division effective October 31, 2020.Top Story: 10 Bizarre Filipino Building Superstitions You Need to Know Before Constructing Your HomeHealthy Family is a purified water brand under Manila Water’s wholly owned subsidiary Manila Water Total ...
 
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It’s one of the leading milk tea brands in the Lion City.
Shakey’s Philippines has acquired the master franchise of Singapore’s R&B milk tea brand and will bring it to the Philippines.Also read: 6 Israeli Celebrities Beyond Gal GadotR&B is one of the leading milk tea and bubble tea players in Singapore. It currently has ...
 
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It was one of the longest-running clubs from the Playboy empire.
Some might argue that the glory days of Playboy are behind it, but no one can dispute its influence on many facets of our culture. The magazine that was started in Hugh Hefner’s garage and kitchen in the 1950s has become a ...
 
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The familiar music bar, home to many OPM bands, is ending a 15-year run.
Route 196, home of live music from some of the country’s best independent bands and artists, is closing its doors after 15 years. A tweet hinted at the bar’s closing, with a video of the words “All Roads Lead to Route 196” in ...
 
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The group committed fraud and violated the tender offer rules, the SEC said.
Majority shares acquired by a shareholder group from Professional Services Inc. (PSI), the operating company of The Medical City, are null and void, the Securities and Exchange Commission (SEC) announced on Thursday (August 20). Also read:  Jericho Rosales' Home Has the Perfect Laidback Beach ...
 
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Life’s a beach for this guy and his family.
The government imposed restrictions on movement because of the coronavirus pandemic in mid-March, but Reuben “Junjun” Ganaden II had an inkling something was about to go down as early as February. The landscape designer  had been flying in and out of Siargao, ...
 
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the consumer tech company says it’s also been affected by the coronavirus pandemic.
Listed tech company Xurpas reported a net loss of P48.57 million for the first half of 2020, taming the P115.38 million deficit it suffered during the same period in 2019.Also read: This CEO Grew Up Inside BilibidXurpas also posted its 2019 annual report ...
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