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List or sell? PLDT weighs options on data centers
Telco-to-tech provider PLDT Inc. is open to the possibility of listing a real estate investment trust in the Philippine Stock Exchange, eyeing to raise fresh capital from its data center business for debt payments......»»
Citicore Renewable Energy IPO scheduled for May 31
Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link], the parent company of Citicore Energy REIT [CREIT 2.85 unch; 37% avgVol], has scheduled its IPO for May 31 after postponing its listing due to market conditions and negotiating a P5 billion stock sale of CREIT shares to the SM Investments [SM 975.00 ?0.5%; 156% avgVol] group......»»
CREC targets market debut in May
Citicore Renewable Energy Corp. is pushing through with its public listing in the second quarter, but has downsized the planned initial public offering by about P5 billion......»»
Quick look at the week ahead
Domestically, Cebu Landmasters will wrap up its follow-on offering sale of preferred shares tomorrow (the listing is next week), and on Friday, we’ll get the inflation data for March from the Philippine Statistics Authority (which will set the table for the BSP’s decision on interest rates on Monday of next week). I.....»»
PSE approves listing of GSIS-owned Alternergy preferred shares
Alternergy disclosed that the PSE has approved its application to list the 100 million preferred shares that it sold to the Government Service Insurance System at a price of P14.50/share......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
CPG raises P2 billion from share offer
Century Properties raised P2 billion from the listing of its Series B preferred shares on the Philippine Stock Exchange......»»
Hotel101 advances listing plan in Nasdaq
DoubleDragon has advanced further plans to list its Singapore-based hospitality subsidiary Hotel101 Global on the US Nasdaq, with the signing of a business combination agreement with a special purpose acquisition company eyed next month......»»
SM Prime rethinking 2024 SM REIT listing plans
Property developer SM Prime added to concerns that it might delay the IPO of its monster $1 billion REIT when one of its directors, Hans Sy, said that the company’s cashflow is “very strong”, and that while he’s “not ruling [an SM REIT IPO] out this year”, he doesn’t yet see a “purpose” to “immediately go into an IPO”......»»
PNB eyes $300 million in return to offshore debt market
Lucio Tan-led Philippine National Bank is looking to return to the offshore debt market this year to raise at least $300 million from the issuance of dollar bonds......»»
Treasury sells P22.7 billion T-bonds on partial award
The government managed to raise P22.7 billion in a fresh issuance of long-term securities as rates picked up after the peso slid to an almost two-year low......»»
T-bills, T-bonds rates up after inflation uptick
Yields for the government’s short and long-term securities picked up across the board after inflation accelerated for the second straight month......»»
Government bonds drawing in more online investors
Demand to invest via digital platforms is seen picking up further, especially for government securities, state-run Land Bank of the Philippines said......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
Government fully awards P30 billion T-bonds at higher rates
The government secured P30 billion in long-term securities yesterday but at slightly higher rates after inflation picked up and ended four months of easing......»»
Treasury raises P120 billion from T-bonds
The government raised the entire program of P120 billion in long-term securities this month amid the downtrend in investor asking rates......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
LRT-1 Cavite Extension Phase 1 nearly completed at 98.2% progress rate
The construction of the LRT-1 Cavite Extension Phase 1 is progressing as scheduled at 98.2% completion rate, as it remains on track for its target commercial opening in the fourth quarter of 2024......»»
Philippines unemployment rate up to 4 pct in April
MANILA, June 6 (Xinhua) -- The unemployment rate in the Philippines increased to 4 percent in April from 3.9 percent in March, the Philippine Statistics Authority (PSA) said Thursday. PSA head Dennis Mapa said at a press conference that there were 2.04 million jobless Filipinos in April this year. "This was lower than the estimated number of unemployed persons of 2.26 million in April 2023 and 2.15 millio.....»»
DavSam Bridge still at 3% completion rate
NEARLY two years after its groundbreaking, the completion rate of the controversial Samal Island-Davao City Connector (SIDC) project, commonly known as Davao-Samal Bridge, is still at three percent......»»