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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......»»
ALI spending P100 billion for projects this year
Ayala Land Inc, the listed property giant of the Ayala Group, is ramping up its investments this year with capital spending returning to pre-pandemic level......»»
Pagcor profit soars to P6.82 billion in 2023
Earnings of state-run Philippine Amusement and Gaming Corp. surged by more than 50 percent to nearly P7 billion last year as the gambling sector bounced back and exceeded pre-COVID levels......»»
Rama backs P246-billion mega project in SRP
CEBU CITY, Philippines – Cebu City Mayor Michael Rama has backed the proposed P246 billion mega project in the South Road Properties (SRP). He stated, “If this aligns with principles of fairness and correctness, why not?” READ: P200B mega project will soon rise in SRP if … Rama also expressed his support for the proposed.....»»
Security Bank earns P2.6 billion in Q1
Security Bank Corp. earned 11 percent more to P2.62 billion in the first three months from P2.36 billion in the same period last year amid the robust growth in the bank’s retail and micro, small, medium enterprise businesses......»»
GOCC dividends surge to P88.6B - The Manila Times
DIVIDEND remittances from state-owned firms have ballooned to almost P89 billion just a little over four months into 2024, Finance Secretary Ralph Recto said on Monday. The government was said to have collected P88.6 billion from 47 government-owned and -controlled corporations (GOCCs) as of May 6, 11 times higher than the P8 billion recorded during the same period last year. "These dividends form a major source of n.....»»
BFP: Over 3,000 fires recorded in first 2 months
More than 3,000 fires have been recorded in the first two months of the year, causing over P1.3 billion in damage, according to the Bureau of Fire Protection (BFP)......»»
Asian Age Group C ship: Iran Beats Singapore
TEHRAN (Tasnim) - Iran's youth water polo team defeated Singapore 19-8 at the 11th Asian Age Group Championship on Thursday. - Sports news - Iran had previously defeated Malaysia, Sri Lanka and Kazakhstan in Group B.Iran will meet the winner of Uzbekistan and China in the semifinal on Friday.The 11th Asian Age Group Championships include four aquatic disciplines, namely swimming, diving, water.....»»
Asian Age Group C ship: Iran Beats Singapore
TEHRAN (Tasnim) - Iran's youth water polo team defeated Singapore 19-8 at the 11th Asian Age Group Championship on Thursday. - Sports news - Iran had previously defeated Malaysia, Sri Lanka and Kazakhstan in Group B.Iran will meet the winner of Uzbekistan and China in the semifinal on Friday.The 11th Asian Age Group Championships include four aquatic disciplines, namely swimming, diving, water.....»»
Asian Age Group C ship: Iran Beats Singapore
TEHRAN (Tasnim) - Iran's youth water polo team defeated Singapore 19-8 at the 11th Asian Age Group Championship on Thursday. - Sports news - Iran had previously defeated Malaysia, Sri Lanka and Kazakhstan in Group B.Iran will meet the winner of Uzbekistan and China in the semifinal on Friday.The 11th Asian Age Group Championships include four aquatic disciplines, namely swimming, diving, water.....»»
The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»
Maynilad considering a $300-M pre-IPO investment round before it goes public in 2025
Bloomberg is reporting that Maynilad Water Services, the “West Zone” water concessionaire owned by Metro Pacific Investments and DMCI, is “considering” raising a US $300 million (~P16.9 billion) “funding round” before it goes public on the PSE in 2025......»»
P200B mega project will soon rise in SRP if …
CEBU CITY, Philippines – A “mega infrastructure project” worth over P200 billion is set to transform the landscape of the South Road Properties (SRP) in Cebu City. This is if a project of a private corporation that it proposed to the city government will be approved. READ: ‘Rotonda’ soon to be constructed along SRP.....»»
Alliance Global injects P2.6-B into Megaworld
Megaworld clarified the recent subscription of its parent company, Alliance Global, to 1.375 billion common shares at P1.90/share to say that it is part of a plan to increase MEG’s outstanding authorized capital stock by P5.5 billion (from P40.2 billion to P45.7 billion)......»»
Approved foreign investments into Philippines fall 63.6 pct in Q1
MANILA, May 16 (Xinhua) -- The approved foreign investments into the Philippines in the first quarter of 2024 reached 148.43 billion pesos (roughly 2.59 billion U.S. dollars), marking a 63.6 percent decrease year over year, the Philippine Statistics Authority (PSA) said on Thursday. The statistics agency said Singapore posted the highest investment commitment, amounting to 70.06 billion pesos (1.22 billion dolla.....»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
MacroAsia FY23 profit: P1.1-B (up 132%)
MacroAsia posted an FY23 net income of P1.07 billion, up 132% from its FY22 net income of P0.46 billion, lifted by a 74% increase in in-flight catering revenues to P3.98 billion and a 53% increase in ground handling and aviation services to P3.14 billion......»»
Filinvest cleared to sell P10 billion fixed bonds
Gotianun-led Filinvest Development Corp. received yesterday its permit to sell up to P10 billion in fixed bonds consisting of a base offer of P7 billion and an oversubscription option of P3 billion......»»
Pag-IBIG members save record P28 billion in 3 months
Member savings collections of the Home Development Mutual Fund, commonly known as Pag-IBIG, reached a record P28.75 billion in the first quarter, allowing the agency to finance the higher demand for home loans......»»
Banks reap P92 billion profit in 3 months
Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. .....»»