BDO Net Income Hits Record USD535M in 2015
BDO Unibank Inc, a full-service universal bank which provides a wide range of corporate and retail banking services in the Philippines posted a record high of P25 billion (US$535 million)…
8890 Holdings Taps China Bank Capital for P5-B Receivables Securitization
8990 Holdings, Inc. (PSE:HOUSING), one of the Philippines’ largest mass housing developers, today mandated China Bank Capital Corporation to arrange and underwrite the securitization of up to Php5.0 billion of…
Rosatom of Russia Opens Regional Office in China
Russian state-owned energy corporation Rosatom has recently opened its regional office in China in Beijing within the framework of International exhibition Nuclear Industry China 2016. Rosatom has similar regional representative…
7-Eleven Malaysia, Brahim’s SATS Food Services Seal Expansion Deal
7-Eleven Malaysia, a wholly owned subsidiary of 7-Eleven Malaysia Holdings Berhad and the No.1 standalone convenience store chain in the country has signed a memorandum of understanding (MOU) with Brahim’s…
Russia’s ROSATOM, Laos Energy and Mines Ministry Ink Nuclear Energy Deal
First Deputy CEO for Corporate Development and International Business of ROSATOM Kirill Komarov and Deputy Energy Minister of Laos Sinava Souphanouvong signed a memorandum on cooperation in the field of…
Bank of China Opens First Chinese Bank in Brunei
One of China’s state-owned big-four banks, Bank of China, is opening a branch in Brunei, becoming the first Chinese financial institution to establish a presence in the sultanate. The bank…
Int’l Container Terminal Services Leads PSE Blue Chips
International Container Terminal Services Inc (PSE:ICT) gained 3.65 percent in today’s trading at the Philippine Stock Exchange to end the day at P66.65 a piece after it declared cash dividends.…
Allegra Names Jenny Swain as New CEO
SYDNEY – Allegra Orthopaedic Limited (Allegra) (ASX:AMT) has announced the appointment of Jenny Swain as its Chief Executive Officer with effect from 2 May 2016. In a disclosure to the…
Chinese Investors Eye Southeast Asia As Next Destination
Southeast Asia is now the top investment destination for a number of large Chinese corporations over the next three years, following a record-breaking first quarter 2016 investment in the United…
Yellow Cab Pizza Enters Singapore
Max’s Group Inc (MGI; PSE:MAXS) intends to penetrate a major food and beverage hub in Southeast Asia – Singapore – by opening Yellow Cab Pizza stores in the city-state. MGI…
Corporate Travel Management Leads Gainers on ASX
The launch of new online travel booking website lifted Corporate Travel Management (CTM, ASX:CTD)’s stock on Wednesday’s trading at the Australian Securities Exchange (ASX). CTM’s stock gained 6.585% to end…
BDO Funds Interflour’s Expansion in the Philippines
Mabuhay Inteflour Mill Inc (MIMI) has entered into a P998-million, seven-year loan deal with BDO Unibank Inc (BDO) to partly finance the construction of its flour mill within a 5.2-hectare…
DMCI Completes P900-Million Steel Plant in Batangas
D.M. Consunji, Inc. (PSE:DMC) has completed the construction of a P900 million state-of-the-art steel plant in Calaca, Batangas. The newest high capacity steel fabrication plant in the country, the DMCI…
Geothermal Plants of EDC Unaffected by Mt. Apo Forest Fire
The Mt. Apo geothermal plants of Energy Development Corporation (EDC) remain unaffected by the on-going fire in Mt. Apo and are operating normally, the EDC (PSE:EDC) said in a disclosure…
7-Eleven’s Net Income Exceeds Php1 Billion in 2015
Philippine Seven Corporation (PSC), the local licensee of 7-Eleven Convenience Stores, registered a 15.4 percent growth in net income in 2015 enabling it to surpass the 1.0 billion peso-mark. The…
Security Bank Seals Partnership Deal with The Bank of Tokyo-Mitsubishi UFJ
Security Bank Corporation (PSE: SECB) and The Bank of Tokyo Mitsubishi UFJ, Ltd. (BTMU) have completed the strategic partnership deal signed last January 14, 2016. Security Bank received capital investment…
Elders Acquires Insurance Distribution Stake from QBE
Elders (ASX:ELD) has re-acquired 10% of Elders Insurance Underwriting Agency Pty Limited (EIUA) from QBE. Elders sold the final tranche of its investment in EIUA to QBE in June 2014…
New Zealand Oil & Gas Delists from ASX
New Zealand Oil & Gas has applied to the Australian Securities Exchange (ASX) for removal from the official list of ASX. The company will continue to be listed on the…