PinnacleCare acquired by SLF
Pinnacle Care International, Inc., a major supplier of health care navigation and medical information in the United States, has been acquired by SLF. It will be part of SLF’s US stop-loss and health business, which is based on a business model that reimburses companies for the expenses of severe health problems after an employee has received treatment for the illness in question.
RLC offers a variety of ‘grab and go’ businesses
The Robinsons Metro East mall in Marikina will be connected to the LRT2 station by RLC. Among other things, the connection will include ‘grab and go’ stores spanning 4000 sqm, as well as medical and wellness services.
In the first half of the year, CLI saw double-digit increase in reservation sales
As of June 2021, CLI has booked P8.5 billion in reservation sales, an increase of 15% over the previous year. Reservation sales soared to P5.2 billion in the second quarter, an increase of 13 percent. The funding came from the inauguration of six projects in Cebu, Iloilo, and Ormoc in the first half of the year. During the first three months of April, the premium Terranza Residences in Iloilo City sold out 81 percent of its available inventory. According to CLI, the BIR’s decision to retain the P3.199mn VAT threshold for unit pricing has boosted demand in the mid-market and economic sectors.
Project in Cebu officially launched by ALCO
ALCO broke ground on a 2,245sqm site in Cebu for its high-rise residential complex named Lucima. The project is situated in Cebu Business Park and includes ‘autonomous surveillance’ robots, as well as a carbon monoxide tracker each unit. The total number of apartments available is 260, and construction will begin in 3Q25.
PCOR is preparing the first P18 billion peso bond issue.
The PCOR authorized the shelf registration of fixed-rate bonds worth up to P50 billion pesos, which would be sold to the public in one or more tranches. BDO Capital will serve as the sole issue manager for the first float of up to P18 billion. There were no further information provided.
Transmission project by ACEN unit gets approved.
The Energy Regulatory Commission authorized Ingrid Power Holding’s transmission project, which will connect the company’s 300MW modular diesel power plant in Rizal to the Luzon grid. The development will be carried out in two stages, with each phase comprising two installations of 150MW. Ingrid invested P902 million in transmission infrastructure and is a subsidiary of ACEN.
RCB’s integrated platform sped up processing of SME loans
RCB used data analytics and cloud-based technologies to streamline loan processing for small and medium-sized enterprises (SMEs). As a result of the change, business customers will benefit from quicker credit disbursement as the manual procedure has been reduced by 50 percent.
2GO provides an unlimited number of trips
With the reopening of tourist sites, 2GO expects increased travel demand in the second half of the year. 2GO has launched its ‘unli-trip’ to Boracay, Cebu, and other local locations, with sailings from September 1, 2021, to December 31, 2021, for an all-in cost of P1,059 per person.