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Philippines FDI net inflows drop by 29.6 pct in October
MANILA, Jan. 10 (Xinhua) -- Foreign direct investment (FDI) that flowed into the Philippines declined year-on-year by 29.6 percent in October 2023 to 655 million U.S. dollars, the country's central bank said Wednesday. The Bangko Sentral ng Pilipinas (BSP) said the latest figure brought the country's FDI net inflows from January to October 2023 to 6.5 billion dollars, a 17.5 percent decline from the same period.....»»
Ejercito upbeat of PBBM s nod of NIR law before 2024 ends
Ejercito upbeat of PBBM s nod of NIR law before 2024 ends.....»»
Institutionalize space allocation for ICT infrastructure in development projects – think tank
Legislators should adopt a no-lease policy in a pending legislation requiring real estate developers to allocate space for information and communication technology (ICT) infrastructure in all existing and new development projects, according to international think tank Stratbase Institute......»»
ICT FY23 net income down 17% to US $511-M
International Container Terminal Services, the multi-national port operator owned by Enrique Razon, posted FY23 net income of $511 million, which was down 17% from FY22’s $618 million due to a “non-recurring and non-cash impairment of goodwill” related to ICT’s acquisition of Pakistan International Container Terminal, and to various other increases in expenses and liabilities......»»
SEC orders Infinity8 to halt operations
The Securities and Exchange Commission has flagged another entity for soliciting investments from the public without the necessary permits.In a Jan. 16 order, the SEC en banc directed Infinity8Networks Digital Services OPC to immediately cease and desist from further engaging in the unlawful solicitation, offer, and/or sale of securities in the form of investment contracts without the necessary license from the SEC......»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
Yuchengco’s House of Investments gets SEC nod to buy Grepa Realty
The Securities and Exchange Commission has approved Yuchengco-led House of Investments’ move to acquire GPL Holdings Inc.’s shares in Grepa Realty Holdings Corp......»»
SEC clears CLI’s preferred shares offer
The Securities and Exchange Commission (SEC) has cleared the planned public offering of up to P5 billion worth of preferred shares by Cebu Landmasters Inc. (CLI)......»»
No-quit NorthPort outlasts Converge in OT for breakthrough win
NorthPort takes advantage of a careless Converge squad to complete a come-from-behind overtime win after trailing by 17 points early in the fourth quarter.....»»
Converge and DITO team up to share select fiber optic cable infrastructure
Converge and Dito Telecommunity put out a joint press release yesterday to announce the signing of what they call a Master Facilities Provisioning Agreement (MFPA) for the sharing of select land-based and undersea fiber optic cable assets......»»
OceanaGold files for Philippine unit’s IPO
Australian-Canadian firm OceanaGold Corp. has filed for an initial public offering (IPO) of up to P7.9 billion for its Philippine subsidiary in compliance with the conditions of its renewed mining contract......»»
Ookla president visits Philippines, recognizes exceptional Converge network
On April 4 Ookla President and CEO Stephen Bye was warmly received by the top executive team of Converge......»»
Magnolia nagmantas batok Converge
Magnolia nagmantas batok Converge.....»»
Converge goes Boost Mode, Paints the Nation Purple
Homegrown internet provider Converge further boosts the speed of their internet services via “Boost Mode” to all of their existing subscribers without additional charges on February 22, 2024. Fresh from bagging four recognitions in the 2023 Ookla Speedtest Awards as the Top Rated Internet Experience, Best Internet Gaming Experience, Best Internet Video Experience, and Fastest.....»»
Converge blocks nearly 12B entry attempts to illegal sites
Converge blocks nearly 12B entry attempts to illegal sites.....»»
DoubleDragon secures HBNB ticker symbol for Hotel101’s Nasdaq IPO
DoubleDragon, the property developer owned by Injap Sia and Tony Caktiong, said last week that it will use the ticker “HBNB” for the Nasdaq IPO of its subsidiary, Hotel101 Global Pte Ltd......»»
GCash preparing for IPO in the last half of 2024
Oscar Reyes Jr., the CEO of GCash operator G-Xchange [link], said that they’re “preparing internally so that we can be ready this year” for an IPO, but clarified that “it is a question of the market, not of GCash, as the market has yet to rebound fully.”.....»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»
PSE EASy platform now accepts online banking for payment of IPO subscriptions
The PSE announced that it added some new features to the PSE EASy platform that allow Local Small Investors (their words, not mine) to buy IPO and follow-on offering shares using an online banking payment system......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»