PLDT and Rocket Internet Partner to Create Philippines Internet Group

Manila—(PHStocks)—Philippine Long Distance Telephone Co. (PSE: TEL) and Rocket Internet AG (Rocket, ISIN DE000A12UKK6, RKET), have announced a new joint venture to further strengthen their existing partnership and to foster the development of internet based businesses in the Philippines. PLDT and the Asia Pacific Internet Group (APACIG) will become partners in the new Philippines Internet Group (PHIG), which […]
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Nissin Raises Stake in URC Joint Venture

Manila—(PHStocks)—Nissin Foods Holdings, Co., Ltd. of Japan is increasing its investment in a Universal Robina Corporation (URC) subsidiary, Nissin-URC that makes and markets Nissin Cup Noodles, Nissin Ramen and Nissin Yakisoba in the Philippines. Nissin-URC also bought URC’s Tarlac noodle plant, equipment, and inventories and now has the license to produce Payless products. Related Articles:No Related Posts
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Manulife Completes Subordinated Debenture Offering

Manila—(PHStocks)—The Manufacturers Life Insurance Company (“MLI”), the Canadian insurance company subsidiary of Manulife Financial Corporation, has successfully completed its previously announced offering of $500 million principal amount of subordinated debentures. The 2.64% fixed/floating subordinated debentures due January 15, 2025, which are guaranteed by Manulife Financial Corporation on a subordinated basis, were issued under a prospectus supplement dated November 26, […]
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Manulife Announces Subordinated Debenture Issue

Manila—(PHStocks)—The Manufacturers Life Insurance Company (MLI), the Canadian insurance company subsidiary of Manulife Financial Corporation, announced today that it intends to issue $500 million principal amount of 2.64% fixed/floating subordinated debentures due January 15, 2025 (the “Debentures”). MLI intends to file a prospectus supplement to its December 13, 2013 base shelf prospectus in respect of […]
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SMPH Raises Php18B via an Equity Placement

Manila—(PHStocks)—SM Prime Holdings Inc. (Code: SMPH), one of the largest integrated real estate developers in South East Asia, announced that it has raised Php18 billion from a placement of treasury shares. The transaction involved a successful overnight bookbuilding process, which saw strong interest from high quality institutional investors in Asia, Europe and the United States. […]
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BPI Expands Into Japan; Opens Representative Office

Manila—(PHStocks)—To further cater to the needs of Filipinos in the Philippines and abroad, BPI was recently granted authority by the Banko Sentral ng Pilipinas (BSP) to establish a Representative Office in Japan. As one of the top sources of remittance to the Philippines, Japan ranks seventh among the top 10 countries of destination of Filipinos […]
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Phoenix Petroleum, Cebu Pacific Sign 10‐year Supply Contract

Manila—(PHStocks)—Leading independent oil company Phoenix Petroleum Philippines and leading carrier Cebu Pacific marked a decade of strong and indispensable partnership with the signing of a 10‐year renewable supply contract recently. Under the agreement, Phoenix Petroleum will construct a Jet A‐1 storage facility in Tayud, Consolacion, Cebu, to be used by Cebu Pacific to store their […]
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EDC Envi Management Earns ISO 14001:2004 Certification

Manila—(PHStocks)—Energy Development Corporation’s (EDC) Southern Negros Geothermal Project (SNGP) has recently been certified to ISO 14001:2004 Environmental Management System by SGS Philippines, under the UKAS (United Kingdom Accreditation Service) accreditation. The ISO 14001:2004 is a specific model for management systems that is focused on identifying and minimizing a company’s environmental risks and impact. “We are […]
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