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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

SEC to issue guidelines on implementation of Asean Capital Markets Forum Pass

The Securities and Exchange Commission (SEC) is issuing guidelines on the implementation of so-called Asean Capital Markets Forum Pass (ACMF Pass) under the Asean Capital Market Professional Mobility Framework......»»

Category: financeSource:  philstarRelated NewsDec 3rd, 2018

Villanueva: Amended Corporation Code can draw more investors

The bill amending Corporation Code of the Philippines could help attract more investors and create new jobs in the country, according to Sen. Joel Villanueva. "The immediate passage of this bill into law is a concrete step towards attracting more investors to our country, thereby creating more jobs for Filipinos, by allowing the establishment of one-person corporations, providing for perpetual existence of corporations, and removing the minimum capital requirement under the current law, among others," Villanueva said in a statement issued on Wednesday. Earlier, the bicameral committee report on amending the Corporation Code was ratified by the Senate. READ:Senate ratifies bica...Keep on reading: Villanueva: Amended Corporation Code can draw more investors.....»»

Category: newsSource:  inquirerRelated NewsNov 28th, 2018

SMFB’s high return on equity merits ‘buy’ rating from analysts

Investors in the upcoming equity issue of San Miguel Food and Beverage Inc. (SMFB), the country's largest consumer business, can expect some of the highest returns among similar stocks in the region due to its attractive valuations and strong market position, according to analysts.   In a research note, AB Capital Securities said the firm formerly known as San Miguel Pure Foods Co. stood to benefit from cost savings and synergies from shared infrastructure and group-wide procurement, "providing investors with opportunity to invest in a huge consumer leader with stable cash generation."   "[Its] healthy financials translate to higher returns, providing [the company] ...Keep on reading: SMFB’s high return on equity merits ‘buy’ rating from analysts.....»»

Category: newsSource:  inquirerRelated NewsNov 9th, 2018

APIC as part of stockholders’ equity

If the Securities and Exchange Commission (SEC) will undertake an in-depth study of the additional paid-in capital (APIC) of listed companies, it would probably discover the public investors as the...READ MORE The post APIC as part of stockholders’ equity appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 30th, 2018

Google abandons Berlin campus plan after locals protest

BERLIN --- Google is abandoning plans to establish a campus for tech startups in Berlin after protests from residents worried about gentrification. The internet giant confirmed reports Thursday it will sublet the former electrical substation in the capital's Kreuzberg district to two charitable organizations, Betterplace.org and Karuna. Google has more than a dozen so-called campuses around the world. They are intended as hubs to bring together potential employees, startups and investors. Protesters had recently picketed the Umspannwerk site with placards such as "Google go home." Karuna, which helps disadvantaged children, said Google will pay 14 million euros ($16 million) ...Keep on reading: Google abandons Berlin campus plan after locals protest.....»»

Category: newsSource:  inquirerRelated NewsOct 25th, 2018

Labor group says to seek bigger Metro Manila wage hike

THE COUNTRY’S biggest labor group plans to raise today its daily minimum wage hike petition for Metro Manila’s private sector workers in the face of a rising inflation rate, according to a notice which the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) e-mailed to journalists on Sunday. The National Capital Region (NCR) Regional… link: Labor group says to seek bigger Metro Manila wage hike.....»»

Category: newsSource:  manilainformerRelated NewsOct 22nd, 2018

4 Asean countries ink MOU on capital market professional mobility

The Securities and Exchange Commission has teamed up with its Southeast Asian counterparts to allow investment professionals do business across their jurisdictions, in a bid to catalyze greater con.....»»

Category: newsSource:  philippinetimesRelated NewsOct 14th, 2018

Cross-border investment advisory services okd

THE Securities and Exchange Commission (SEC) has teamed up with its counterparts from Malaysia, Singapore and Thailand for the facilitation of cross-border investment advisory services. The Asean Capital Markets Forum (ACMF) Pass will allow authorized and licensed professionals to offer investment advice within participating Association of Southeast Asian Nations (Asean) economies, with fast-tracked registrations and [...] The post Cross-border investment advisory services okd appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 12th, 2018

Petron s P20-B fixed-rate bond issue gets SEC nod

Petron Corp. has secured the green light from the Securities and Exchange Commission on its P20-billion issue of peso-denominated fixed-rate bonds. This is the last tranche of Petron's shelf r.....»»

Category: newsSource:  philippinetimesRelated NewsOct 9th, 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 NewsSep 25th, 2018

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