Wednesday, February 14, 2018

JFC, ATN, PTT, Tax Amnesty

1. JFC to Increase Ownership of Smashburger to 85%.  The consolidation of Smashburger into JFC will increase its worldwide store network by 365 stores or +9.6% to 4,162. This will also expand JFC’s geographical presence from 16 countries to 21 adding Costa Rica, Egypt, El Salvador, United Kingdom (England and Scotland), and Panama.

The consolidation of Smashburger into JFC will increase JFC’s store network in the US by 5-fold, from 83 to 417 and will expand its presence to 39 states in the US from current 10 states. It will also increase JFC’s store network in Canada, from 2 to 8.

Notes: Its revenue in 2014...was around 228 million dollars according to Forbes. Looks like its revenue dropped a little...averaging around 200 millions dollars..how much is it in peso? 200 x 50 = 10 billion pesos? JFC revenue in 2016 was around 115 billion pesos...

2. ATN will register its 2,560,000 square meter property registered under TCT-463732 in the name of its fully-owned subsidiary Palladian Land as a Ecozone. 

3. PTT Philippines Corp. plans to add a convenience store business aside from the current oil retailing and a chain of coffee shops. Cebu Pacific’s order from PTT comprises 60 percent of aviation fuel business and 25 percent of the entire business volume. The company is eyeing  to build about 30 more retail stations this year. These  will be located in Luzon and Southern Visayas. The company  also eyes  10 new CafĂ© Amazon coffee shops in Luzon. PTT currently has 122 gasoline stations located in various parts of Luzon and Central Visayas. 

4. Taxpayers who wish to avail of the benefits of tax amnesty will only be required to pay 5 percent  of his or her total net worth instead of the total tax deficiency. 

Moreover, the tax amnesty aims to clear up cases in all tax dockets in the Bureau of Internal Revenue, the Bureau of Customs  as well as in the courts.
The bill, however, excludes those with pending cases involving unexplained or unlawfully acquired wealth, violation of the Anti-Money Laundering Act, pending cases for tax evasion and other criminal offenses, and tax cases subject of final and executory judgement by the courts.
Notes: Will it finally implemented? Who will benefit from it? Hmmm.

+++++++++++++++++++++++++++++++++++++++++

MARKET ISSUES

[last partial update : 02/28/2018] Macro and Overseas (a) US interest rate : 1.25 ~ 1.5%, May increase 3 times in 2018 (b) US 10 yr bond...