FIRST Pacific Co. Ltd. said the consortium that seeks to acquire Metro Pacific Investments Corp. (MPIC) has tapped another independent financial advisor (IFA) for the valuation report. “There have been some developments in terms of the IFA and the finalization of the report,” said Stanley H. Yang, head of corporate development at First Pacific, in […]
Fruitas Holdings to acquire cloud kitchen company Fly Kitchen
FRUITAS Holdings, Inc. has acquired full ownership of cloud kitchen business Fly Kitchen Inc. in its efforts to increase market share, the company said on Thursday. “The purchase of Fly Kitchen fits our strategic objective to remain competitive in the digital arena. The startup complements our present activities and will enable us to accelerate the […]
SMPC set to ship second trial coal exports to Japan
SEMIRARA Mining and Power Corp. (SMPC) is poised to make its second trial shipment of coal to Japan this month, as part of its goal to expand its market while also reducing its dependency on China. “China is still our main foreign buyer, but with their industrial output growing slower than expected, we want to […]
Killing me softly
MOVIE REVIEW The Whale Directed by Darren Aronofsky (Warning: plot details explicitly discussed) DARREN ARONOFSKY’s The Whale (2022) adapted Samuel D. Hunter’s play to the big screen and we more or less know how the film has fared: made respectable money from a small ($3 million) budget, won Brendan Fraser an Academy Award for playing […]
Repower Energy, Austrian firm Gugler forge deal for seawater pumped storage
REPOWER Energy Development Corp. has signed an agreement with Austria-based Gugler Water Turbines GMBH to develop seawater pumped storage projects in the Philippines. “We are pleased to enter into a partnership with Gugler — a leading provider of state-of-the-art turbine technology,” Eric Peter Y. Roxas, president and chief executive officer of Repower Energy, said in […]
Beyoncé fans spare no cost for Renaissance Tour
LONDON — Beyoncé’s fans, collectively known as the BeyHive, are going savage to catch a glimpse of her during her Renaissance World Tour. Money and distance are no object when your idol beckons in 57 concerts across 40 cities in North America and 14 across Europe. Jimmy Long of San Francisco flew to Stockholm for […]
MREIT set to acquire 7 offices
MREIT, Inc. has signed a memorandum of understanding with its sponsor Megaworld Corp. for the possible transfer of seven offices to the portfolio of the real estate investment trust. “These properties boast high average occupancy rate of 94% and quality tenants, marking a significant step towards our commitment to deliver sustained growth and value to […]
Coffee under P50 in Cebu
P39-coffee has become the newest beverage trend in the Queen City of the South. The long queues outside these coffee pop-ups have been a topic in social media, spurring both the attention and curiosity of netizens. While there are skeptics who dismiss it as a mere fad, these emerging coffee businesses have the potential to […]
Vivid Sydney 2023 Kicks Off With Biggest Opening Weekend on Record
SYDNEY, AU, Jun 2, 2023 – (ACN Newswire via SEAPRWire.com) – Vivid Sydney has enjoyed its largest-ever opening weekend, attracting more than 453,000 visitors to experience Australia’s largest event in 2023. Vivid Sydney Circular Quay (Credit: Destination NSW) Vivid Sydney Custom House (Credit: Destination NSW) Vivid Sydney Walsh Bay (Credit: Destination NSW) Festival-goers from Sydney, […]
Fonepay and LankaPay Sign MOU for Cross-Border Interoperable Payment System
Kathmandu, Jun 2, 2023 – (ACN Newswire via SEAPRWire.com) – Fonepay, Nepal’s Largest Payment Network announced a partnership with Sri Lanka’s National Payment Network, LankaPay to collaborate in developing an interoperable digital payment system that enables users to transact seamlessly across the two countries. With the integration of these payment networks expected to complete in […]
Semirara eyes new market in Japan
DMCI Holdings Inc. subsidiary Semirara Mining and Power Corp. (SMPC) said it is set to make its second trial shipment to Japan this June, in a bid to reduce its dependency on the Chinese market. In a press statement on Thursday, June 1, 2023, the integrated energy company said it will export 50,000 metric tons […]
Frutas acquires 100% equity of Fly Kitchen Inc.
FRUITAS Holdings Inc. has announced its acquisition of Fly Kitchen Inc., a three-year-old cloud company founded by Kristopher George Yang (president of First Georgetown Ventures) and Marco Alquiros. With this acquisition, Fruitas said in a press statement on June 1, it will accelarate the growth of its cloud kitchen business. The company, which operates food […]
Alternergy Solar Pacific launches PALAU solar project
PHILIPPINE-BASED company Alternergy and its subsidiary Solar Pacific Energy Corp. inaugurated on Friday, June 2, 2023, Republic of Palau’s first solar photovoltaic (PV) and battery energy storage system (Bess) project. It said it’s the largest to date in the Western Pacific region. Palau President Surangel Whipps Jr., Australian Ambassador to the Republic of Palau Richelle […]
Nicholas faces Fujita in Japan debut
UNBEATEN prospect Daniel Nicholas makes his international debut on June 3 as he takes on former amateur Japanese standout Kenji Fujita in an eight-rounder at the Korakuen Hall in Tokyo, Japan. The 23-year-old Nicholas, who fights out of the PMI Boxing Gym in Bohol, Philippines finally gets his chance to prove that the real deal […]
Apolinario signs co-promotional deal with Ohashi Promotions
HIGHLY touted prospect Dave Apolinario’s future looks a little more bright after signing a co-promotional deal with Japan-based Ohashi Promotions. The pact between General Santos promotional outfit Sanman Promotions, Apolinario’s main promoter, and Ohashi Promotions will open more opportunities for 24-year-old flyweight prospects, especially in Japan. “Japan is a very lucrative venue for boxers like […]
Tell it to SunStar: Senate’s Maharlika Bill adopted by House
The Maharlika Investment Fund (MIF) Act will soon be on its way to the Palace, after the House of Representatives adopted on Wednesday, May 31, 2023, the Senate version of the bill which was certified urgent by President Ferdinand Marcos Jr. The bill went through the toughest scrutiny, line-by-line, because we want this sovereign fund […]
Tell it to SunStar: Maharlika, the evil puzzle
Laws are only as good as the people who made them. Private businesses that had gone bankrupt due to the pandemic are understandable. But for an already bankrupt government to dive even deeper into bankruptcy due to “gambling mentality” (stubbornly and mindlessly) is absurd and unacceptable. There are indeed puzzles (and subtleties) to the proposed […]
JCB and Joint Stock Commercial Bank for Investment and Development of Vietnam launch the BIDV JCB Ultimate Credit Card in Vietnam
TOKYO & HA NOI, Jun 2, 2023 – (JCN Newswire via SEAPRWire.com) – JCB International Co., Ltd., (JCBI), the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the oldest financial institution in Vietnam, announced the launch of the BIDV […]
Value Partners to Introduce Strategic Investment from GF Securities to Boost Business Development and Facilitate Long-term Growth
HONG KONG, Jun 2, 2023 – (ACN Newswire via SEAPRWire.com) – Value Partners Group Limited (together with its subsidiaries, “Value Partners”, Hong Kong Stock Code: 806.HK) is pleased to announce the strategic investment by GF Holdings (Hong Kong) Corporation Limited (“GF Hong Kong”), a wholly owned subsidiary of GF Securities Co., Ltd. (“GF Securities”) into […]
From Hype to Reality: AI’s Role in Augmenting Digital Transformation
“Experience the future of AI and Digital Transformation at the 40th Global Edition of Trescon’s World AI Show on June 7-8, 2023, at The Langham, Jakarta. This event will attract some of the brightest minds in the field. Attendees will have a unique opportunity to gain valuable insights and solutions to create transformative disruptions in […]