January 27, 2015 Philippine Seven Corp. (PSC), the exclusive local licensee of convenience store chain 7-Eleven, is hiking its spending this year by more than 50 percent to support its aggressive store expansion plans. PSC said it would be increasing its capital expenditures budget to P3 billion this year from about P2 billion in 2014. Last year’s capex was used for the opening of new 7-Eleven stores and remodeling of existing ones. The Philippines’ leading carrier, Cebu Pacific yesterday accepted delivery of its 30th brand-new Airbus A320 aircraft which arrived at the Ninoy Aquino International Airport (NAIA). With this delivery, Cebu Pacific now operates a fleet of 53 aircraft comprised of 30 Airbus A320, 10 Airbus A319, five Airbus A330 and eight ATR-72 500 aircraft. It is one of the youngest aircraft fleets in the world. Between 2015 and 2021, Cebu Pacific will take delivery of eight more brand-new Airbus A320, 30 Airbus A321neo, and one Airbus A330 aircraft. THE COUNTRY’s first subway will count 26th Avenue in Bonifacio Global City (BGC) as a train stop, the head of the government’s Public-Private Partnership (PPP) Center said. A committee of the National Economic and Development Authority (NEDA) committee has picked the upscale street as the site for one of the stations for the proposed P378.33-billion Makati-Pasay-Taguig Mass Transit Loop, PPP Center Executive Director Cosette V. Canilao said. DEL MONTE Pacific Ltd. has moved the pricing date for its $180-million stock rights offer by five days to Jan. 28, it told the Philippine Stock Exchange (PSE) yesterday. The fruit canner initially set Jan. 23 as the pricing date, but it said the Singapore Exchange Securities Trading Ltd (SGX-ST) has yet to approve the fund-raising activity. PHILIPPINE port operator International Container Terminal Services, Inc. (ICTSI) reopened its existing bonds due 2025, raising $117.49 million through corporate notes.In a disclosure, the company said subsidiary ICTSI Treasury BV offered new notes that will be consolidated and form a single series with the $282.5-million debt paper due 2025.
Posted on: Mon, 26 Jan 2015 21:54:02 +0000
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