
Ventures Cebu
@venturescebu
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Business and economic news from Cebu and the Visayas
Cebu, Philippines
Joined January 2021
WATCH. Tesla made its first autonomous delivery when this car drove itself from the company’s factory to its new owner.
World's first autonomous delivery of a car!. This Tesla drove itself from Gigafactory Texas to its new owner's home ~30min away — crossing parking lots, highways & the city to reach its new owner
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Under a 25-year agreement signed with the Metropolitan Cebu Water.District in April, the facility will supply up to 20,000 cu.m. per day of treated and potable water. #stocks #water #desalination.
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Vivant Corp said its desalination plant on Mactan Island is undergoing testing and commissioning, and is expected to begin commercial operations in the second half of this year. #stocks #water #desalination #utilities
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Aboitiz Construction said it has started providing integrated facilities management (IFM) services at the Mactan-Cebu International Airport under a 5-year contract. #stocks #investment #airportservices
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WEATHER UPDATE. A low pressure area (LPA) inside the Philippine Area of Responsibility has a “medium chance” of developing into a tropical depression in the next 24 hours, DOST-PAGASA said as of 2 AM today. #weather #LPA #WeatherAlert
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Globe Fintech is an affiliate of Ayala, Globe Telecom and Ant Group. The stock split would take effect upon approval by the SEC. A stock split makes a stock more attractive to investors and suggests management confidence in future growth. #stocks #investments #fintech.
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Closing of the merger is expected this month, with the combined company anticipated to operate as Hotel101 and its stock to trade on Nasdaq under the ticker symbol "HBNB.".#stocks #investments #hospitality #hotel #travel #Condotel #IPO.
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Hotel101 Global is set to become the first Filipino-owned firm to be listed and traded on Nasdaq. The company and Nasdaq-listed shell company JVSPAC Acquisition Corp. received approval for their prospective combined company's Nasdaq listing.
venturescebu.wixsite.com
DoubleDragon Corp. subsidiary Hotel101 Global Holdings, Inc. and Nasdaq-listed shell company JVSPAC Acquisition Corp. said they received approval from the US Securities and Exchange Commission Monday...
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Robinsons Retail Holdings, Inc. said it has bought back about 315.3 million of its shares from GCH Investments for ₱50 apiece, or about ₱15.77 billion. The repurchased shares represent 22.2% of its outstanding shares, RRHI said. #stocks #investments #Buyback
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DoubleDragon subsidiary Hotel101 Global said it entered into a joint venture with Horizon Group to develop up to 10,000 rooms in Saudi Arabia. The company said five locations have been identified for the ₱137.5 billion project. #stocks #investments #tourism #travel #expansion
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Aboitiz InfraCapital, Inc. said it will take over operations at the Bohol-Panglao International Airport in June. Under a 30-year concession agreement, @AboitizInfraCap said it will invest ₱4.53 billion in upgrading the airport. #stocks #investments #infrastructure #airport
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