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Saturday, September 22, 2007 |
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Jollibee to buy second China restaurant chain |
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JOLLIBEE Foods Corp. (JFC) disclosed to the Philippine Stock
Exchange on Friday that it is poised to acquire its second
restaurant chain in China.
Hongzhuangyuan, a chain which
consists of 26 company-owned stores in Beijing and 7 franchised
store in other cities, has estimated sales of $24 million this year,
“quite profitable” and debt-free, the Philippines’ biggest
fast-food chain said in a statement.
Ysmael V. Baysa, JFC chief
finance officer, said the purchase price is estimated to reach $50.5
million and is based on a multiple of earnings that is “comparable
with JFC’s previous acquisitions.”
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SM Prime Holdings confirms funding for LRT 1
extension
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SM Prime Holdings Inc. on Friday confirmed a Manila Times report
that the mall developer is in talks with the government to finance
an additional station of a rail system from Caloocan City to North
Avenue in Quezon City.
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Investors losing interest in TransCo
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INVESTOR interest in state-owned National
Transmission Corp. (TransCo) has dropped, as only a handful out of
the original 21 groups that earlier expressed interest, beat the
deadline for the submission of pre-qualification documents.
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Korea commits infra funding for RP
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THE National Economic and Development Authority (NEDA) on Friday
said that the South Korean government has committed hundred millions
of dollars to the Philippines to fund infrastructure projects over
the next two years.
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State divestment seen by November
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Govt limits PNOC-EDC bidding to locals
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The government expects to divest fully
from the country’s largest geothermal energy producer by November,
according to state-run Development Bank of the Philippines.
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ICTSI subsidiary bags concession in former
Soviet state
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INTERNATIONAL Container Terminal Services Inc. (ICTSI) said its
subsidiary has acquired a new concession to develop and operate a
container terminal and a ferry and dry bulk handling facility in the
Port of Batumi in Georgia.
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LRTA eyes WB loan approval by May
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STATE-RUN Light Rail Transit Authority (LRTA) on Friday said it
expects the approval of a World Bank loan for the financing of a
rail project from Baclaran in Parañaque City to Cavite City by May
next year.
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SEC approves Pepsi public share
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THE Securities and Exchange Commission (SEC) has approved Pepsi-Cola
Products Philippines Inc.’s (PCPPI) application to sell shares to
the public for the first time.
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Filinvest Land plans mixed-use project
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FILINVEST Land Inc. (FLI) announced on Friday that it would be
building its first mixed-use vertical development on a recently
acquired lot along Ortigas Avenue Extension.
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Food supply stable until Christmas–Yap
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There will be a stable supply of rice, vegetables, chicken and other
basic food items for Christmas, the Department of Agriculture
assured Thursday.
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LEARNING &
INNOVATION
Moje Ramos-Aquino, FPM
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Excellent people deliver
excellent business results
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As I am finalizing my presentation to the 2007 Summit
on Globalization of HR in Taipei, Taiwan, September 28 to 29, I came
across some interesting materials I got from 2007 ASTD Conference
& Exposition in June in Atlanta, Georgia.
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