ANGELICA BALLESTEROS, TMT

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AC Industrial Holdings, Inc., a wholly-owned subsidiary of conglomerate Ayala Corp., said on Thursday it has completed the acquisition of a 94.9 percent stake in MT Misslback Technologies GmbH for 26.8 million euros ($30.37 million, P1.54 billion). The acquisition involves a total of 237,250 shares and with a transaction value…

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FILIPINOS still prefer face-to-face transactions over online banking despite the strong penetration of mobile technology in the Philippines, a regional survey by information technology firm Unisys has found. The survey results came amid growing concern over cybercrimes, as well as technical glitches that recently hounded a few banks. Unisys said…

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JOLLIBEE Foods Corp. (JFC) said Wednesday it respects the decision of the Intellectual Property Office of the Philippines (IPOPHL) granting Jolliville Holdings Corp. the right to register its logo and corporate name. IPOPHL announced Tuesday that it reversed the decision of its Bureau of Legal Affairs which ruled in favor…

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TRANSPORT network firm Grab Philippines signed on Wednesday a memorandum of agreement with the Philippine National Police Highway Patrol Group (PNP-HPG) on road safety and security. Under the pact, drivers will undergo training on road safety and courtesy, anti-car theft, anti-highway robbery, and anti-criminality. They will also be given technical…

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PHILIPPINE shares retreated on Tuesday as many traders unloaded stocks ahead of the US holiday to mark Independence Day. The bellwether PSE index closed down 0.41 percent or 32.56 points at 7,833.96. The broader All Shares dipped 0.17 percent or 8.11 points to finish at 4,696.90. “As expected, another weak…

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JOLLIBEE Foods Corp. has lost a long-running trademark case against listed realty firm Jolliville Holdings Inc. Intellectual Property Office of the Philippines (IPOPHL) Director-General Josephine Santiago reversed the decision of its Bureau of Legal Affairs (BLA) and granted Jolliville’s appeal to register its corporate name, a move that Jollibee tried…

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LISTED AboitizPower Corp. on Monday successfully issued P3 billion worth of Series A Bonds due 2027 to finance the construction of one of its power plants in Luzon. The issuance is part of the P30 billion shelf registration approved by the Securities and Exchange Commission (SEC) last June 16. “This…

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