Business

By Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC), a unit of Royal Dutch Shell, hopes to raise up to P2.7 billion in its initial public offer (IPO) through the issuance of 300 million shares including 30 million in new shares at an indicative price of 90 each.

The New Muara Container Terminal Services Sdn. Bhd. (NMCTS), a unit of International Container Terminal Services Inc. (ICTSI) and port services provider at the Port of Muara in Brunei, was recently honored at the 7th CMO Asia’s Best Employer Brand Awards 2016 in Singapore.

The Board of Investments (BOI) again hosted the Asia-Pacific Economic Cooperation (Apec) Automotive Dialogue (AD), a sectoral working group under the Committee on Trade and Investment (CTI) that serves as a forum for Apec member economy officials and senior industry representatives to work together to map-out strategies for increasing the integration and development of the automotive sector within the region. …

Media giant ABS-CBN Broadcasting Corp. and Philippine Long Distance Telephone (PLDT) Inc. have former a partnership to offer iWant TV, ABS-CBN’s pioneering video-on-demand service, to subscribers of PLDT and its mobile unit Smart.

Volatility in the global financial market will continue until the United States Federal Reserve (the Fed) gives a clearer path for its key interest rates, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said.

By Riza Lozada Local banks’ foreign currency deposit units (FCDUs) have total deposits of $34.68 billion (P1.63 trillion) in the second quarter from $34.66 billion (P1.629 trillion) in the previous quarter, Bangko Sentral ng Pilipinas (BSP) data showed. 

The Development Bank of the Philippines (DBP) recently granted a P352-million loan to Birdsteel Farm, one of the top contract growers in the country, for its farm-expansion project.

By Riza Lozada The Association of Filipino Franchisers, Inc. (AFFI) is urging legislators to craft a law regulating rental rates in mall spaces.

Budget carrier Cebu Pacific Air (CEB) recently took delivery of the very first ATR 72-600 high-capacity aircraft at an event in Toulouse, France.

Conglomerate San Miguel Corp. (SMC) plans to put up a power plant and feed mills in Sulu before the year ends, Agriculture Secretary Manny Piñol said on Friday.