Companies

By Riza Lozada BDO Unibank Inc. (BDO) seeks to raise up to P60 billion in additional core capital through a stock rights offer to finance the bank’s medium-term growth plans and provide a buffer on higher capital requirements imposed by the Bangko Sentral ng Pilipinas (BSP).

Pizza chain Shakey’s Pizza Asia Ventures Inc. (Spavi), which is seeking to raise P3.96 billion through an initial public offer (IPO), targets to put up 20 new stores next year, as it embarks on an ambitious expansion plan.

Pilipinas Shell Petroleum Corp (PSPC) will pursue its $13-mil­lion (P624-million) upgrade of the Tabangao Refinery to pro­duce bitumen.

Last Dec. 15, Jollibee opened its first store in Winnipeg, Canada, home to over 70,000 Filipinos. The pioneer location was chosen as Winnipeg is home for several Filipinos with Ta­galog being the second-most common language spoken. In typical Jollibee fashion, the store was welcomed by long queues with people lining up as early as 10:30 PM the night before the …

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) has released the rules for Dollar De­nominated Securities (DDS) that provides the framework and guidelines for the listing, trading and clearing and set­tlement of dollar-denominated shares.

First Metro Philippine Exchange Trade Fund Inc. (FMETF) will re­lease an additional P1 billion in Exchange-Traded-Fund (ETF), company executives said.

SM Investments Corp. (SMIC) will exercise its option for the purchase of P5 billion oversubcription on its issuance of the Se­ries G Bond that will bring to P20 billion the bonds it recently issued.

Manila Water Philippine Ven­tures Inc. (MWPV) and SM Prime Holdings Inc. entered into a memorandum of agreement (MOA) for water delivery services and facilities.

The Information Technology and Business Process Association of the Philippines (IBPAP) foresees continuous growth for the country’s IT and Business Process Management Industry (IT-BPM) due to local and global business expansion.

LBC Express Holdings Inc. (LBC) plans to conduct a follow-on offering of up to 69.1 million common shares to raise up to P1.17 billion in working capital for the listed firm’s expansion thrust.