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(Last Updated On: )

October 16, 2021

2Trade Asia

Frozen resto foods available in $SM stores.  SM Retail’s unit, SM Markets, partnered with select restaurants to make their products available inside the supermarket.  At present, SM Markets carries 22 brands in 68 of its stores that includes among others:

$AEV redeems 10-year bonds ahead of maturity.  AEV will redeem on 21 Nov. its P1.8bn, 10-year bonds issued last 21 Nov. 2013, ahead of the 2023 maturity schedule.  Existing cash will be used to retire the bonds.

$GLO on track with fiber lines target.  GLO intends to end 2021 with 1.4mn fiber lines.  GLO built 50k ports in 2019 & this jumps to 600k ports in 2020.  Meanwhile, Speedtest Intelligence 3Q21 data by Ookla showed download speed surged 60% to 13.53MBps for GLO.

$DITO-Bayad partner for payment channels.  DITO Telecommunity grew its electronic loading channels through its tie-up with multi-channel payment platform, Bayad.  Bayad has 1,118 participating touchpoints where DITO subscribers may purchase their load & mobile data bundles.

Violation of Anti-Dummy law filed on $MWIDE-GMR executives.  DoJ indicted 15 executives of GMR Megawide Cebu Airport (GMCAC) based on Nat’l. Bureau of Investigation’s (NBI) complaint.  NBI alleged the executives violated Anti-Dummy Law in connection with Mactan-Cebu Int’l.

$ABS enter tie-up for film distribution in India.  ABS’ film production & distribution signed a deal with India’s Global One Studios (GOS) for adaptation of ABS’ 5 box office hits.  GOS is set to produce the remake of top-grossing films ‘Barcelona

Private placement in $PAL at P1.25/share.  PAL’s board approved the US$255mn (approx. P12.75bn) private placement of Buona Sorte Holdings (BSHI, parent firm of Trustmark Holdings Corp.) to be received by PAL in cash.

Improved 8-month remittances.  BSP reported remittances growth of 4.8% to $2.89bn in August, bulk of which came from land-based workers at $2.21bn (+4.2%).  This brought 8-month remittances to $22.67bn (+5.9%)

October 16, 2021

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