January 28, 2015 Integrated resort operator Bloomberry Resorts Corp. of port magnate Enrique Razon Jr. is jumpstarting the expansion of its casino business with its first international foray in South Korea. In a disclosure to the Philippine Stock Exchange, Bloomberry said it has signed four real estate agreements with several landowners for the purchase of a combined 12.2-hectare property in Muui Island. Port giant International Container Terminal Services Inc. (ICTSI) is set to issue about $117-million debt papers as part of the company’s $1-billion medium term note program to better manage its liabilities. ICSTI treasury head Arthur Tabuena said in a disclosure to the Philippine Stock Exchange (PSE) that the company’s Board of Directors approved the final terms and conditions of the 5.875-percent notes to be issued by ICTSI. - West Zone water concessionaire Maynilad Water Services (Maynilad) is investing P17.3 billion this year to carry out water and wastewater infrastructure projects in its contract area. Out of the allocation, P6.5 billion will be spent for wastewater management projects that include the construction of wastewater treatment plants and conveyance systems in Cavite and central Manila.The company will spend P3.2 billion for its non-revenue water reduction program. This covers active leakage control, primary line assessment, selective pipe replacement and district metered area management. - Security Banking Corp. plans to issue a five-year, senior unsecured dollar bonds with an initial guiding rate of 4.2 percent. In a report, the bank said interest basis will be semi-annual, with settlement date on Feb. 3 this year. “The bank reserves the right to extend term liabilities and expand foreign currency deposit unit funding base,” it said. A unit of San Miguel Pure Foods Inc. is set to gain full ownership of a Vietnamese firm engaged in feed milling, meat processing and piggery operations. In a disclosure to the local bourse, Purefoods said yesterday it has signed an agreement to acquire through wholly-owned subsidiary San Miguel Pure Foods International Ltd. (SMPFIL) a 49 percent stake in San Miguel Pure Foods Investment BVI Ltd. (SMPFIB). The shares would be purchased by SMPFIL from Hormel Netherlands B.V., Purefoods said. PHOENIX Petroleum Philippines, Inc. has further expanded its presence in the southern part of the country with yesterday’s opening of a P10.5-million service station in Davao del Sur. THE HEALTH CARE group of Metro Pacific Investments Corp. (MPIC) plans to acquire a dozen of hospitals in the country in the next four years to 2019, its chairman said yesterday.
Posted on: Tue, 27 Jan 2015 21:19:03 +0000