Medina, Ramos test mettle in Jordan Brand's 1-on-1 hoops joust
MANILA, Philippines -- High school stars John Earl Medina and Gabby Ramos will represent the Philippines in the Jordan Brand’s global one-on-one tournament in Paris.
UPS latest news
Jollibee to acquire Compose Coffee for P14B
Jollibee [JFC 226.20, up 0.4%; 12% avgVol] [link] will acquire South Korean coffee leader Compose Coffee Company (CCC) for $238 million (~P14 billion), in a deal that pegs CCC’s enterprise value at approximately $340 million (~P20 billion). Jollibee Worldwide will own a 70% stake in CCC, with Elevation Equity taking a 25% stake, and JFC’s Titan Fund II taking the remaining 5%. CCC has 2,470 franchised stores and a “debt-free balance sheet”. JFC said that CCC will be consolidated into its financials “immediately upon completion of the acquisition”; it estimates CCC’s inclusion to “uplift” revenues by 2% and push its total store count closer to its 10,000-store goal. According to JFC, South Korea “ranks 3rd globally in terms of coffee consumption per capita.”
DOH urged to purchase 5 million flu vaccines
MANILA, Philippines — As influenza cases are expected to increase next month, the Department of Health (DOH) should speed up the purchase of five million doses of flu vaccines for senior citizens, according to infectious disease expert Rontgene Solante.
Gonzales pulls off upsets to win dual PPS tennis titles
MANILA, Philippines – Cielo May Gonzales and Francine Madeleine Wong achieved remarkable victories, dominating four age categories in the girls' division in the Mayor Frederick Siao National Junior Tennis Championships at the San Miguel and Pala-o courts in Iligan City over the weekend.
Cebu Pacific signs MOU for P1.4T of new Airbus planes
Cebu Pacific [CEB 27.20, up 0.4%; 91% avgVol] [link], the Gokongwei Family’s budget airline, announced that it has signed a memorandum of understanding with Airbus to purchase up to 152 A321neo planes for $24 billion (~P1.4 trillion). The order breakdown includes 102 “firm” purchases, plus 50 “A320neo Family purchase rights”, which CEB said will give the airline “maximum flexibility to adapt fleet growth to market conditions, with the ability to switch between A321neo and A320neo” plane configurations. CEB expects to finalize the transaction in Q3 of this year. According to CEB, this is the largest aircraft order in Philippine history.
Final PVL draft pick Aying a beacon of hope for province-based spikers
MANILA, Philippines – As the popular saying goes, “save the best for last”.
66 Chinese aircraft surround Taiwan in biggest sortie of year
TAIPEI: Taiwan's defence ministry said Thursday it had detected 66 Chinese military aircraft around the island in a 24-hour window, a record-high this year, a day after it said Beijing was conducting exercises in nearby waters.China which maintains a near-daily military presence around Taiwan, claims the self-ruled island as part of its territory and has said it will never renounce the use of force to bring it under its control.
Davao, Cebu-USJR victorious as PSL National Finals fire off
MANILA, Philippines – Davao City used its manpower advantage to the hilt to bring down reigning NCR 2004 champion Caloocan-Batang Kankaloo, 91-83, in the PSL National Finals on Sunday at the Victoria Sports Club in Quezon City.