Melco Crown Changes Corporate Name

Paranaque—(PHStocks)—The Board of Directors of Melco Crown (Philippines) Resorts Corp. (PSE: MCP), during the Special Board Meeting held on February 1, 2017 approved the change in corporate name of the corporation to Melco Resorts and Entertainment (Philippines) Corp., and the change in stock symbol to MRP. Whereas, the stockholders on April 7, 2017 during a […]
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Ginebra Reports Strong 1Q Income and Revenue Growth

Mandaluyong—(PHStocks)—Ginebra San Miguel Inc. (PSE: GSMI), the hard liquor unit of San Miguel Corp. (PSE: SMC), continued to make gains this year following a return to profitability in 2016. GSMI revenues for the first quarter of 2017 rose by 31% to PhP5.1 billion as volumes grew 32%. Net income for the same period more than […]
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STI to Build New Academic Centers in Sta. Mesa and San Jose del Monte

Makati—(PHStocks)—The STI Education Services Group Inc. (PSE: STI) gears up for the influx of college freshmen in school year 2018-19 by continuing the network’s expansion plan of putting up new campuses in key locations nationwide. Adding to the roster of soon-to-rise prime hubs for academic excellence, STI broke ground for two Academic Centers in Sta. […]
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DD to Offer 7-Year Fixed Rate Retail Bonds

Makati—(PHStocks)—DoubleDragon Properties Corp. (PSE: DD) has filed a preliminary prospectus with the Securities and Exchange Commission (SEC) covering the issuance of the second tranche of its Fixed Rate Retail Bonds indicating a base size of PhP6.5 billion with an oversubscription of PhP3.2 billion. The proposed issuance forms part of the PhP15 billion Fixed Rate Retail […]
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BDO Forges Strong Alliance with Japan’s Seven Bank

Makati—(PHStocks)—BDO Unibank Inc. (PSE: BDO) and Japan’s Seven Bank Ltd have sealed on Wednesday a business pact that will capitalize on their strengths in retail business. The partnership covers the upcoming launch of an international money transfer service to the Philippines, allowing customers to easily transfer money from Japan to the Philippines just by downloading […]
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Phoenix Petroleum Set to Acquire PDB’s LPG Business in the Philippines

Davao—(PHStocks)—Phoenix Petroleum Philippines, Inc. (PSE: PNX) plans to acquire the Liquefied Petroleum Gas (LPG) business of PETRONAS Dagangan Berhad (PDB) in the Philippines. PDB is a Malaysian oil & gas company listed on the Bursa Malaysia. In its disclosure to the Philippine Stock Exchange, a Memorandum of Understanding was entered on 24 May 2017 between […]
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Cebu Pacific to Suspend Operations in Kuwait, Doha and Riyadh

Cebu City—(PHStocks)—Cebu Pacific Air (PSE: CEB) will suspend its service to and from the following destinations: Riyadh, Saudi Arabia; Kuwait; and Doha, Qatar. CEB will fly the last of its four-times-a-week service from Manila to Kuwait on June 13, 2017, and its Kuwait-Manila flight on June 14, 2017. The thrice-weekly Manila-Doha-Manila route will have its last […]
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PGMC Operations Unaffected by Martial Law in Mindanao

Makati—(PHStocks)—Platinum Group Metals Corp. (PGMC), a subsidiary of Global Ferronickel Holdings Inc. (PSE: FNI), reports that its business operations remain unhampered by the political crisis in Mindanao. Philippine President Rodrigo Duterte has declared martial law for a period of 60 days in Mindanao following clashes between government forces and the Maute Group in downtown Marawi […]
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