AllDay Marts slashes IPO price by 25%

AllDay Marts slashes IPO price by 25%

Villar-owned supermarket chain AllDay Marts Inc. slashed the offer price for its maiden share sale, giving investors a discount that could push up demand for the offer. In a notice to the stock exchange on Wednesday, the company set the final offer price at P0.60 per...
Philippines external trade showed 25.3% growth in August

Philippines external trade showed 25.3% growth in August

External trade jumped by a fourth to $16.5 billion in August not only due to base effects but also to recovering shipments as the domestic and global economies rebounded from their pandemic-induced slump. The Philippine Statistics Authority’s (PSA) latest preliminary...
Jollibee Foods Corp continues overseas expansion

Jollibee Foods Corp continues overseas expansion

Jollibee Foods Corp. (JFC) continues to expand outside the Philippines as it targets economies that have reopened sooner than the Philippines. JFC has been expanding in North America, other parts of the US, and many countries in Europe as part of its goal to become...
IMF revises global growth projection to 5.9% for 2021

IMF revises global growth projection to 5.9% for 2021

The International Monetary Fund (IMF) revised its global economic growth projection to 5.9 percent for 2021, down by 0.1 percentage point, according to a report issued on Tuesday. Forecast for 2022 was kept stable at 4.9 percent compared to the previous update...
AirAsia achieves digital unicorn status

AirAsia achieves digital unicorn status

AirAsia has achieved unicorn status after its digital business grew to over USD 1 billion under two years during the pandemic. While the pandemic wreaked havoc on the aviation industry, the company fast-tracked its non-airline verticals and transformed itself into one...