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Petron plans $500-M perpetual capital securities

MANILA, Philippines - Petron Corp......»»

Category: financeSource: philstar philstarJan 13th, 2018

Petron plans new securities offering

PETRON Corp., the country’s largest oil refining and marketing company, said on Wednesday that it intended to issue new undated securities to repurchase, refinance, or redeem $750 million in undated subordinated capital securities issued in 2013. In a disclosure to the Philippine Stock Exchange (PSE), it said management had been authorized to pursue the solicitation [...] The post Petron plans new securities offering appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 26th, 2017

SMC capex up to ’22 seen to hit P700B

Conglomerate San Miguel Corp. expects its medium-term capital spending to sum up to P700 billion through 2021 to 2022 with the expansion of traditional and new businesses. In an interview at the sidelines of SMC's recent investors briefing for its P30-billion fresh bond offering, SMC chief finance officer Ferdinand Constantino said that the capital outlays started in 2015-2016, which included the upgrading and modernization of Petron's refinery in Bataan. Since then, Constantino said more expansion plans were underway. Two breweries will be constructed---one in Mindanao and another will rise south of Luzon---each with new capacity of two million hectoliters. He said this would boos...Keep on reading: SMC capex up to ’22 seen to hit P700B.....»»

Category: newsSource:  inquirerRelated NewsFeb 7th, 2018

Petron to raise $500M from offshore securities

PETRON Corp., the largest oil refining and marketing company in the Philippines, is seeking to raise $500 million from the sale of undated unsubordinated capital securities. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, Petron said it had set an issue size of $500 million for the offering of US-dollar denominated senior [...] The post Petron to raise $500M from offshore securities appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 12th, 2018

ICTSI to raise $400-M from perpetual notes issue

LISTED International Container Terminal Services Inc. (ICTSI) announced on Thursday that it was raising $400 million from the issuance of senior perpetual capital securities to fund capital expenditure requirements and acquisitions and for general corporate purposes. The securities are being issued by its subsidiary Royal Capital BV and guaranteed by ICTSI. “We report to you [...] The post ICTSI to raise $400-M from perpetual notes issue appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 11th, 2018

Gov’t plans P270-B Q4 borrowing

THE GOVERNMENT plans to borrow P270 billion from the domestic market next quarter through auctions of securities, the Bureau of the Treasury (BTr) announced on Tuesday. The post Gov’t plans P270-B Q4 borrowing appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated News14 hr. 15 min. ago

Taiwan unit’s IPO gets SEC nod

The Securities and Exchange Commission (SEC) has approved a plan by consumer electronics manufacturer Cal-Comp Technology (Philippines) Inc., a unit of Taiwan-based New Kinpo Group (NKG), to embark on a P6.77-billion initial public offering.   Cal-Comp's registration statement had been cleared by the SEC en banc, SEC Secretary and spokesperson Arman Pan said.   The NKG unit plans to sell up to 397.97 million new common shares at a maximum price of P17 each, bringing about 26.77 percent of the company's shares to public hands. The company seeks an option to upsize the issuance by up to 19.9 million shares.   Proceeds from the IPO will be mainly used for fa...Keep on reading: Taiwan unit’s IPO gets SEC nod.....»»

Category: newsSource:  inquirerRelated NewsSep 7th, 2018

Oriental Energy capital stock hike gets SEC nod

The Securities and Exchange Commission (SEC) has approved the increase in the authorized capital stock of Oriental Energy & Power Generation Corp. to P2 billion from P30 million at present, listed Oriental Peninsula Resources Group, Inc. said on Tuesday. The capital stock increase will be implemented via a subscription to P300 million worth of common [...] The post Oriental Energy capital stock hike gets SEC nod appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsSep 4th, 2018

South Korea s Moon to send special envoy to North Korea on September 5

SEOUL, South Korea – South Korean President Moon Jae-in will send a special envoy to Pyongyang next Wednesday, September 5, to discuss plans to hold a summit with the North's Kim Jong Un and nuclear disarmament, local media said Friday, August 31.  The unnamed envoy will visit the North's capital city ........»»

Category: newsSource:  rapplerRelated NewsAug 31st, 2018

DTI to Boost Marikina’s Food Industry

To boost the food industry sector in the country’s shoe capital, the Department of Trade and Industry (DTI) plans to invigorate and nurture the food industry in Marikina City. According to Marikina’s Trade and Industry Office officer-in-charge, Ma. Lourdes Dela Paz, among the plans of the DTI is to put up a shared service facilities […].....»»

Category: newsSource:  metrocebuRelated NewsAug 31st, 2018

DTI to boost Marikina s food industry

MARIKINA CITY, Aug. 30 (PIA) - To boost the food industry sector in the country's shoe capital, the Department of Trade and Industry (DTI) plans to invigorate and nurturethe food industry in Marikina.....»»

Category: newsSource:  manilanewsRelated NewsAug 31st, 2018

DTI to boost Marikina s food industry

MARIKINA CITY, Aug. 30 (PIA) – To boost the food industry sector in the country’s shoe capital, the Department of Trade and Industry (DTI) plans to invigorate and nurturethe food industry in Marikina Source link link: DTI to boost Marikina's food industry.....»»

Category: newsSource:  manilainformerRelated NewsAug 30th, 2018

ALI plans to raise up to P8 billion from bond issuance

Ayala Land, Inc. plans to raise P8 billion by issuing fixed rate retail bonds with a maturity of five years and to be listed at the bond exchange, the company told the stock exchange on Friday, Aug. 17. The bonds represent the remaining unissued balance of its P50-billion debt securities program as approved by the […] The post ALI plans to raise up to P8 billion from bond issuance appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsAug 17th, 2018

‘G-spot’ ad raises hackles

  VILNIUS, LITHUANIA --- The capital of this Baltic country is pressing ahead with controversial plans for a raunchy international advertising campaign that refers to the city as the "G-spot of Europe," despite opposition from the Church and central government.   Posters advertising Lithuania's capital, due to appear starting on Thursday in Berlin and London, show a young woman lying on bed sheets printed with the map of Europe and clutching a handful of cloth where Vilnius is located.   "Nobody knows where it is, but when you find it, it's amazing. Vilnius, the G-spot of Europe," says the advertisement, which is aimed at portraying the city as the conti...Keep on reading: ‘G-spot’ ad raises hackles.....»»

Category: newsSource:  inquirerRelated NewsAug 10th, 2018

NCAA: LPU guns for solo lead against new-look EAC

Games on Friday at the Filoil Flying V Centre 12:00 PM – EAC vs LPU 2:00 PM – CSB vs San Sebastian 4:00 PM – Perpetual vs Letran For the second straight season, Lyceum of the Philippines University appears to be the pacesetter in the NCAA Men’s Basketball Tournament. To make it so, though, the Pirates will first have to take care of business against rejiggered Emilio Aguinaldo College on Friday at the Filoil Flying V Centre. LPU goes for a 2-0 start to the season at 12:00 PM and all of the action will be on S+A, S+A HD, and livestream. On the back of Cameroonian powerhouse Mike Nzeusseu, the Pirates were off to a strong start to the season. CJ Perez, MJ Ayaay, and Marcelino twins Jaycee and Jayvee only want to add to that. With other plans, however, are the Generals who will be unveiling a new-look lineup with Juju Bautista, Jerome Garcia, and prized rookie Maui Cruz at the forefront In Juniors action, defending champion La Salle Greenhills opens its title defense against San Sebastian at 10:00 AM. There will also be matchups between playoff hopeful Letran and giant-killing Perpetual at 6:00 PM as well as between LPU and EAC at 8:00 AM. --- Follow this writer on Twitter, @riegogogo......»»

Category: sportsSource:  abscbnRelated NewsJul 13th, 2018

SEC OKs San Miguel Food capital hike, share transfer

The Securities and Exchange Commission (SEC) has approved the increase in capital stock and amendments to the articles of incorporation of San Miguel Food and Beverage Inc......»»

Category: financeSource:  philstarRelated NewsJul 8th, 2018

Pre-need firm Paz Life suspended for failing to comply with capital requirements

THE Insurance Commission (IC) has suspended the operations of pre-need firm Paz Life Plan, Inc. after it failed to comply with the capitalization requirement. In a statement Thursday, July 5, the IC said it has placed the insurer under conservatorship in an April 3 order, banning it from selling memorial plans. “The result of the… link: Pre-need firm Paz Life suspended for failing to comply with capital requirements.....»»

Category: newsSource:  manilainformerRelated NewsJul 5th, 2018

Miner Yancoal seeks dual listing in Hong Kong

Australia’s largest pure-play coal producer Yancoal said on Monday it would apply for a dual listing on the Hong Kong stock exchange alongside a capital raising as it looks to increase its shares’ liquidity. China-based Yancoal trades on the Australian Securities Exchange and recently expanded its holdings of local mines by buying most of Rio […].....»»

Category: newsSource:  bworldonlineRelated NewsJul 2nd, 2018

SEC exempts MRC Allied from registration requirements on common share issuance

MRC Allied, Inc. has been exempted from the registration requirements for the common shares it plans to issue numbering more than a billion at P0.70 apiece, the company said on Wednesday. The company told the stock exchange it received yesterday a copy of the letter dated June 13, 2018 from the Markets and Securities Regulation […] The post SEC exempts MRC Allied from registration requirements on common share issuance appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 20th, 2018

ANI raises capital of agri bank, forms fintech firm

  The board of listed AgriNurture Inc. (ANI) said it had approved a plan to infuse P100 million in additional capital into affiliate Agricultural Bank of the Philippines (ABP).   The move, which is subject to the approval of the Securities and Exchange Commission and Bangko Sentral ng Pilipinas, will bring ABP's capital to P200 million.   ANI said ABP's capital hike would fund the expansion of the bank's P2P platform and e-wallet business. Through the capital infusion, ANI aims to enhance supply chain microfinance access of Filipino farmers in remote areas using technology.   ANI president and CEO Antonio Tiu said ABP's P2P platform would allow fa...Keep on reading: ANI raises capital of agri bank, forms fintech firm.....»»

Category: newsSource:  inquirerRelated NewsJun 16th, 2018

ANI hikes capital of affiliate agri bank, forms new agri-fintech firm

The board of directors of listed agri-conglomerate AgriNurture, Inc. (ANI) said it has approved a plan to infuse P100-million to increase the capital of affiliate Agricultural Bank of the Philippines (ABP) to Php200-million, subject to final approval by the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP). In a disclosure to the Philippine Stock Exchange (PSE), ANI said on Wednesday that ABP's capital hike would fund the expansion of the bank's P2P platform and e-wallet business. Through the capital infusion, ANI aims to enhance supply chain micro-finance access of Filipino farmers in remote areas using technology. ANI president and CEO Antonio...Keep on reading: ANI hikes capital of affiliate agri bank, forms new agri-fintech firm.....»»

Category: newsSource:  inquirerRelated NewsJun 14th, 2018