Ayala unit takes 19.9% stake in Australian energy firm
Ayala-controlled UAC Energy Holdings Pty Ltd. settled for a 19.9-percent interest in Australian renewables firm Infigen Energy Ltd. as it bowed out of a takeover bidding war against a unit…
Bangkok property market takes $4.7 billion hit ‘with worse to come’
The Nation/Asia News Network BANGKOK — The virus crisis has wiped a whopping Bt150 billion ($4.7 billion) off the value of the residential market in Bangkok and surrounding provinces, Krungthai…
Shell takes $22 billion hit on lower oil, gas prices
LONDON — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the…
Coronavirus outbreak in Beijing takes a bite out of F&B industry
A waitress standing in a near-empty restaurant amid a wave of new Covid-19 cases in Beijing on June 20, 2020. EPA-EFE via The Straits Times/Asia News Network BEIJING — On…
San Miguel Brewery takes a shot at recovery over Pinoys’ love for beer
Beer giant San Miguel Brewery (SMB) has mapped out measures to conquer a slew of challenges arising from local lockdown protocols and liquor bans prompted by the new coronavirus disease…
Sumitomo takes 19.2% stake in LRT1
Japanese conglomerate Sumitomo Corp. has acquired a 19.2-percent stake in the company that holds the concession to operate, maintain and extend the 20.7-kilometer Light Railway Transit 1, giving more financial…
Quality food for stellar heroes: Wendy’s takes part in COVID19 efforts
Philippine National Red Cross and Wendy’s Staff join for a photo Inspired by the service and commitment shown by the frontliners in the fight against COViD-19, Wendy’s Philippines matches their…