Philippine law prohibits foreigners from owning land locally, and, in some way, this has been argued to be among the deterrents to the entry of more substantial foreign investments. However, aliens, whether residents or otherwise, can own condominium units. The same rule applies to foreign-owned companies or businesses. If a company is at least 60% […]

Business World

21.11.2024

JFC to finalize Tim Ho Wan acquisition by Jan. 2025 - BusinessWorld Online

JOLLIBEE Foods Corp. (JFC) expects to finalize the S$20.2-million acquisition of Hong Kong-based restaurant Tim Ho Wan by January 2025, according to its chief financial officer (CFO). “Beginning January, this (Tim Ho Wan) brand and business of 80+ stores will be a subsidiary of JFC, so the ownership change will be January,” JFC CFO Richard […]

Business World

21.11.2024

Atome secures $200-M credit facility - BusinessWorld Online

DIGITAL financial service platform Atome Financial said it secured as much as $200 million in syndicate credit facility, which will open up more financing in the Southeast Asian region. This would allow it to launch innovative personal finance products in key markets like Singapore, Malaysia and the Philippines, Atome Financial Chief Commercial Officer Andy Tan […]

Business World

21.11.2024

Meralco sets P25-B budget to storm-proof power systems - BusinessWorld Online

POWER distributor Manila Electric Co. (Meralco) is setting aside P25 billion next year for the “storm-hardening” of its distribution systems, according to its chief operating officer (COO). “For 2025, we have a P25-billion budget,” Meralco Executive Vice-President and COO Ronnie L. Aperocho told reporters last week, noting that this only covers the distribution business. Meralco […]

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Presumed guilty - BusinessWorld Online

JFC to finalize Tim Ho Wan acquisition by Jan. 2025 - BusinessWorld Online

Atome secures $200-M credit facility - BusinessWorld Online

Meralco sets P25-B budget to storm-proof power systems - BusinessWorld Online

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