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Converge& rsquo;s IPO raises P29.1b but share price sinks 9.4%

The share price of Converge ICT Solutions Inc. fell 9.4 percent in its market debut at the Philippine Stock Exchange Monday, after raising P29.1 billion in proceeds from the initial public offering to fund the rollout of its fixed broadband until 2025......»»

Category: sportsSource: abscbn abscbnOct 26th, 2020

Converge s revenue surge fails to impress investors on debut week

Share prices have tumbled 12% from Converge's initial price offer of P16.80......»»

Category: financeSource:  philstarRelated NewsOct 30th, 2020

Converge sets IPO price at P16.80/share

Converge ICT has set the price for its initial public offering at P16.80 per share, the largest IPO in the country and the largest telecom IPO in SoutheastAsia at P29.1 billion......»»

Category: financeSource:  philstarRelated NewsOct 10th, 2020

High demand seen as Converge lowers IPO price to P16.8 per share

Broadband services provider Converge ICT Solutions Inc. on Friday set a cheaper price for its maiden share sale, setting the stage for the country's second biggest stock market debut......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2020

Converge pegs IPO price at P16.80

Broadband services provider Converge ICT Solutions Inc. has priced its initial public offering at P16.80 per share, the low-end of its price range of P16.50 to P19 apiece......»»

Category: financeSource:  thestandardRelated NewsOct 9th, 2020

Lucio Co& rsquo;s shell company hikes capital to P1 billion

The share price of Da Vinci Capital Holdings Inc., a shell company owned by retail magnate Lucio Co, sizzled on Wednesday as the company announced several corporate changes, signaling a possible revival of operations.....»»

Category: financeSource:  thestandardRelated NewsOct 8th, 2020

Converge IPO price seen at P19/share

Converge ICT sees a price of P19 per share for its initial public offering, lower than the maximum price in its registration statement of P24 per share......»»

Category: financeSource:  philstarRelated NewsOct 5th, 2020

Converge ICT reduces IPO price 21% to P19 per share

Converge ICT Solutions Inc. said Monday it reduced the maximum offer price for its initial public offering to P19 per share, down 21 percent from the previously indicated price of P24......»»

Category: financeSource:  thestandardRelated NewsOct 5th, 2020

Converge ICT cuts IPO price to P19

Converge ICT Solutions Inc. said Monday it reduced the maximum offer price for its initial public offering by 21 percent to P19 per share to raise P32.87 billion in proceeds......»»

Category: financeSource:  thestandardRelated NewsOct 5th, 2020

Converge’s P41.55-B IPO Approved

The initial public offering (IPO) application of Converge Information and Communications Technology Solutions Inc. (Converge) has been approved by the Philippine Stock Exchange Inc. (PSE). Converge aims to raise PHP36.13 billion from the sale of up to 480.84 million primary shares and 1.02 billion secondary shares at a price of up to PHP24 per share. […].....»»

Category: newsSource:  inquirerRelated NewsOct 3rd, 2020

Food-share apps seek to help environment

Jack Convery pops into a London branch of Italian eatery Coco di Mama to grab a cut-price lunch ordered on his smartphone’s food-sharing app Karma......»»

Category: newsSource:  thestandardRelated NewsFeb 10th, 2020

Salt Lake City to host NBA All-Star 2023

NBA press release SALT LAKE CITY – The NBA announced today that Salt Lake City has been selected to host NBA All-Star 2023. The 72nd NBA All-Star Game will take place at Vivint Smart Home Arena, home of the Utah Jazz, on Sunday, Feb. 19, 2023 (Feb. 20, PHL time). This will mark the 30th anniversary of the 1993 NBA All-Star Game played in Salt Lake City. NBA Commissioner Adam Silver made the announcement today during a press conference at Vivint Smart Home Arena, where he was joined by Larry H. Miller (LHM) Group of Companies Owner and Chairman Gail Miller, LHM Group of Companies CEO Steve Starks, Utah Governor Gary Herbert and Salt Lake City Mayor Jackie Biskupski. “Along with a rich basketball tradition, Salt Lake City has proven to be a world-class destination for large-scale events and sports competitions,” said Silver. “I want to thank the Miller Family and the Utah Jazz organization for their commitment to hosting our All-Star festivities and to developing a program that will leave a lasting impact on the community.” “The return of the NBA All-Star Game to Salt Lake City is a tremendous honor and an opportunity for us to welcome back the NBA family for one of basketball’s biggest events,” said Miller. “The memory of John Stockton and Karl Malone sharing MVP honors 30 years ago remains strong. We are excited to create new memories for this generation of NBA fans in a place that loves to celebrate basketball.” “We are excited to bring NBA All-Star 2023 to Salt Lake City and Utah,” said Starks. “We have civic and community partners who are engaged and committed to making our celebration very special. Vivint Smart Home Arena is an ideal host venue after our recent $125 million renovation, which focused on enhancing the guest experience. With the close proximity of the Salt Palace Convention Center and Huntsman Center as facilities, NBA fans will enjoy a dynamic downtown atmosphere.” “I am very proud of our people and our state, and hosting NBA All-Star 2023 is a fitting tribute to the Miller Family and Utah Jazz organization,” said Herbert. “We look forward to showcasing our state in an unforgettable way. It’s true that nature played favorites with Utah. Visitors can hike or bike in red-rock Moab in the morning, ski at Park City in the afternoon, and attend NBA All-Star events at night for a robust Utah experience.” “Salt Lake City is a vibrant, diverse, and culturally-rich community that knows how to celebrate the experience of sport,” said Biskupski. “Our 2002 Olympic Winter Games remain the standard against which all other Games are measured. Our selection as the NBA All-Star 2023 host is a testament to Salt Lake City as a sought-after destination for major conventions, sports and entertainment events, and new business.” NBA All-Star oncourt events will tip off on Friday, Feb. 17 (Feb. 18, PHL time) at Vivint Smart Home Arena and will culminate with the NBA All-Star Game on Sunday, Feb. 19 (Feb. 20, PHL time). Additional programming for fans of all ages will take place at venues throughout the city, including the Salt Palace Convention Center and Huntsman Center on the University of Utah campus. The league will also continue to celebrate its tradition and commitment to social responsibility with a full schedule of NBA Cares and Diversity & Inclusion events during NBA All-Star 2023. Through partnerships with schools, government, and local and national nonprofit organizations, the league will reach thousands of children and families in Salt Lake City and the surrounding areas and provide critical resources to community-based programs. In 2023, TNT will be televising the All-Star Game in prime time for the 21st consecutive year, marking Turner Sports’ 38th year of All-Star coverage. The game will be broadcast worldwide in more than 200 countries and territories and more than 40 languages. NBA ALL-STAR HISTORY IN UTAH Salt Lake City previously hosted NBA All-Star at the Delta Center in 1993, when the Western Conference defeated the Eastern Conference 135-132 in overtime in the 43rd All-Star Game. Karl Malone and John Stockton of the hometown Jazz became the first teammates to share the All-Star MVP award. Malone led the West with 28 points, while Stockton notched nine points and 15 assists.  The San Antonio Spurs’ David Robinson added 21 points and 10 rebounds for the West, which overcame a game-high 30 points from the Chicago Bulls’ Michael Jordan. This was the final All-Star Game for the Detroit Pistons’ Isiah Thomas and the first for Orlando Magic rookie Shaquille O’Neal. The Charlotte Hornets’ Larry Johnson became the first player in franchise history to appear in an All-Star Game. Mark Price of the Cleveland Cavaliers won the Three-Point Contest, ending a three-year reign by the Chicago Bulls’ Craig Hodges. Price would win it again in 1994. The Miami Heat’s Harold Miner won the first of his two Slam Dunk Contest titles. Salt Lake City was home for the Utah Stars of the American Basketball Association from 1970-75 and hosted the 1973 ABA All-Star Game at The Salt Palace. The Eastern Conference team in the 1973 ABA All-Star Game included NBA legend Julius Erving and was coached by Hall of Famer Larry Brown......»»

Category: sportsSource:  abscbnRelated NewsOct 23rd, 2019

Taguig seizes solo second in NBL

Rickson Gerero had 20 points as the Taguig Generals defeated the CamSur Express in overtime, 97-92, to take second place in the team standings of the National Basketball League (NBL) Season 2 last Sunday at the Imus Sports Complex. Gerero’s play lifted the Generals to their second straight win to grab a 5-2 win-loss record, half game behind first placer Iriga City Oragons (5-1). In other matches, Dale Gutierrez scored 22 points including the game-winner to lift the Imus Bandila to a 110-108 victory over the Pampanga Delta. Gutierrez hit a corner jumper with 3.1 seconds in an exciting finish to the game to lead the Bandila to their sixth win in nine outings. The Bandila are now in a share of third place in the team standings with the Parañaque Aces, who pulled off a 107-57 win over the One Cainta Titan. JR Olegario had 14 points, seven rebounds, four assists, and two steals for the Aces to improve their card to 5-3. Clifford Castro scored 25 points and dished out seven assists, and Mark Sornet hit four free throws in the final moments of the game in leading the Dasmariñas Ballers Club to an 84-81 win over the Zambales Converge Fiber X-Men. Shin Manacsa had 25 points, 10 rebounds, and eight assists, and the Laguna Pistons outplayed the Pasig Rios, 126-61, to up their mark to 5-3......»»

Category: sportsSource:  abscbnRelated NewsJun 24th, 2019

Curry, Lillard battle for NBA supremacy, Oakland s affection

By Shaun Powell, NBA.com OAKLAND — He arrived at the Western Conference finals wearing the jersey of the Oakland A’s, who play right next door at the Coliseum, just a five-minute drive from where he was born. Damian Lillard paused and signed a few autographs before entering Oracle Arena, because he is a man of the people, and these are his people. None of them mention that, in their hearts, they’re rooting for him to lose this playoff series, and so it goes unspoken, a truce in a sense. For this fleeting moment, they’re Lillard fans, until the ball goes up. And then it’s all for Steph Curry, all night long. There is a competition within the competition between the Warriors and Blazers, and it is the battle for the affection of Oakland. There is Lillard, the pride of the Brookfield Village neighborhood, who has blossomed into a bonafide star with the Blazers. And then there’s Curry, the symbol of a basketball renaissance here, who has raised the profile of Oakland the last several years. Now you see why The Town is a bit conflicted. A bit. [Watch the Playoffs on NBA League Pass for 30% less with this limited time offer! Select Annual package and use code SAVE30 at checkout to redeem] The conference championship may well hinge on the performance of these All-NBA guards. Game 1 was fairly lopsided, both in terms of the teams — Warriors 116, Blazers 94 — and the two principles. Lillard struggled Tuesday (Wednesday, PHL time) and appeared whipped, physically if not mentally, no doubt from a grueling seven-game second round that just wrapped up 48 hours earlier. He missed 8-of-12 shots, had seven turnovers and, in a rarity for him, he was a non-factor for Portland. He’s a combined 7-for-29 in his last two games. Meanwhile, Curry rolled, dropping 36 points and the Blazers along with them. And so, this is the verdict: Portland cannot hope to stretch this series beyond four games, five tops, without the max from Lillard. He obviously means that much. And Curry, now working without the comforts of his injured co-star Kevin Durant for the second straight game, and maybe without Durant for another two games, needs to keep his skills elevated to prevent suspense from encroaching on the series. The Warriors are well aware of what Lillard has done to them in the past; he has averaged more points against the hometown team (27.0) than any in his career likely because of provincial pride. Yet Golden State is also aware that he has yet to beat them in any game or series of significance. “He’s one of the best guards in this league and carries a chip on his shoulder and it has (worked) well for him in his career,” said Draymond Green. “A special talent. I know he’s excited to be back home playing in the last year at Oracle. So it’s special for him but it don’t mean nothing to us. We’ve got to come out here and try to stop him. A tall task.” While the East Bay has given birth to its share of NBA stars, with Bill Russell, Jason Kidd and Gary Payton among them, Lillard is still freshly active and refreshingly loyal. The connection between him and Oakland remains unwavering despite fame and distance and the fact it’s his job and desire to shock the world in the next few weeks. He played at St. Joseph Notre Dame in Alameda and then finished at Oakland High, and a thick section of fans at Oracle Wednesday were wrapped in Blazers gear and made their preference clear. Most were either from the old neighborhood or family members. His high school coach, Damon Jones, is a Warriors season ticket holder, and Jones said: “Nobody bought me a drink tonight.” The coach added, playfully: “They gave me a hard time. When the Warriors scored, they wanted to turn around and slap five but then caught themselves at the last minute.” Jones remembers Lillard as being a promising and quick guard who picked up the nuances of the game rapidly. “He was very personable for someone his age, a solid teammate,” Jones said. “He still keeps in touch with all of his former teammates. It’s a brotherhood and he’s the leader. He’s always trying to be a positive influence on everyone around here.” Lillard returns every summer to give away backpacks with school supplies and funded the renovation of the Oakland High gym. He’s a familiar sight around town in the offseason and always approachable, and that loyalty and devotion doesn’t go unnoticed. “People here respect him,” said Raymond Young, Lillard’s AAU coach. “When he comes here to play, people here say they’re going to clap for Damian but cheer for the Warriors. Only he can get that kind of reaction. His loyalty comes from his family. His mother and father were no-problem parents. They let us coach him. He was a joy to be around. Still is.” Lillard is even more endearing because he comes from humble beginnings and is self-made. Both of his youth coaches are admittedly shocked by his impact in the NBA. He wound up at Weber State. He wasn’t highly recruited by the big schools. Even nearby Cal-Berkeley came late. “But if he goes there,” said Young, “does all this happen?” Lillard is revered in another place as well. Portland is also smitten by his loyalty; in an age of transient stars, Lillard has never wanted to play anywhere else. Perhaps this has cost him some visibility, with a majority of his games tipping off at 10:30 ET. It’s a price he’s more than willing to pay. Lillard has never taken a team this deep into the playoffs, where legends and reputations are made, and so being in the conference finals represents some new and deserved shine for him. A layer of that invisibility was peeled off in these playoffs where Lillard has come up massive. His shot from nearly 40 feet that eliminated Oklahoma City in the first round, and the bye-bye wave reaction, became iconic. Then he followed up with a strong second round as well against the Nuggets, although as that series crept to the conclusion, Lillard shot just 3-for-17 in that Game 7, then followed up with a 4-for-12 Tuesday (Wednesday, PHL time), proof that he might be gassed — and also that the Warriors cooked up a defensive game plan specifically for him. “Obviously it’s a little bit difficult physically and emotionally just because you’re excited about being in the Western Conference finals,” said Lillard. “You come straight here form Denver and get ready for the best team in the league. But once we lace our shoes and put our uniforms on, it’s fair and square. You got to go out there and handle your business. "They did a good job defensively and even when I was trying to find (teammates), they were getting deflections. They were making me play in a crowd. I thought they were successful at that … in this first game.” But his toughest task of all might be upstaging Curry, particularly here in Oakland. While Lillard has flourished through much of the postseason, Curry by comparison has been mild, especially by his standards. The missed layups, a famously flubbed dunk attempt and sporadic three-point shooting was unsightly. And then, after Durant limped off the floor, Curry felt a sense of urgency and a flush of greatness. He buried the Rockets with a pair of epic fourth quarters, then kept the faucet running Tuesday (Wednesday, PHL time). The Blazers couldn’t limit or at least slow him anywhere on the floor, especially from the three-point line, where Curry was a sizzling 9-for-15. And no missed layups. In his last six quarters of basketball, Curry has scored 69 points with 13-for-24 shooting on 3s. “I know what I’m capable of doing on the floor," Curry said, "and the situation calls for me to be more aggressive and hopefully that will continue. It’s nice to see the ball go in. I want to maintain that. I didn’t shoot well for 4.5 games the last series. Every game is different. You have to reestablish yourself and that’s my perspective no matter how I play.” Curry didn’t arrive wearing the baseball jersey of the home team, and if anything has been spotted at San Franciso Giants games across the Bay, where the Warriors will call home starting next season. But don’t get anything twisted. Curry’s bond with Oakland, developed over time, is genuine and real for someone born and bred a country away in Charlotte, and the feeling is mutual. The tug of war for the heartstrings of Oakland is subtle between the pair of franchise players on the floor in this playoff series. Call it a draw from the standpoint of whom the fans here respect and appreciate. There’s enough love to be shared by both. Yet in the basketball sense, this series is on the verge of being owned by the one wearing the jersey that reps Oakland. Curry has more momentum and better teammates, and Durant is on deck. Oakland, therefore, will indeed cheer for one of its own, for Damian Lillard. But the way this series and these playoffs are going, The Town is anxious to pop bottles with Steph Curry once again, at the usual place and time, for one last time. Shaun Powell has covered the NBA for more than 25 years. You can e-mail him here, find his archive here, and follow him on Twitter. The views on this page do not necessarily reflect the views of the NBA, its clubs or Turner Broadcasting. .....»»

Category: sportsSource:  abscbnRelated NewsMay 15th, 2019

KZ and TJ Monterde share marriage vow in new song & lsquo;Simula& rsquo;

After surprising fans with their wedding revelations with the song “Can’t Wait To Say I Do”, singer-songwriter TJ Monterde and Asia’s Soul Supreme KZ Tandingan celebrate the new chapter of their lives as a married couple with the release of their new song “Simula.”.....»»

Category: entertainmentSource:  thestandardRelated NewsNov 10th, 2020

Prices of diesel, kerosene up, gasoline down

The country’s oil firms raised the price of diesel and kerosene by P0.20 per liter and P0.40 per liter but cut the price of gasoline by P0.20 per liter effective 6am Tuesday......»»

Category: newsSource:  thestandardRelated NewsNov 10th, 2020

Puregold& rsquo;s income rose 4% to P5.05b in first nine months

Grocery chain operator Puregold Price Club Inc. said Wednesday nine-month net income rose 4.1 percent to P5.05 billion from P4.55 billion in the same period last year on the back of a double-digit growth in sales......»»

Category: financeSource:  thestandardRelated NewsOct 29th, 2020

Converge ICT, Maroons lend hand to UP students

The University of the Philippines Men’s Basketball Team , through the NowheretogobutUP Foundation, and its newest supporter, Converge ICT Solutions, have pledged to help scholars from the National Capital Region and other parts of Luzon cope with the demands of remote learning......»»

Category: sportsSource:  thestandardRelated NewsOct 28th, 2020

Sharing good vibes on & lsquo;Grateful Tuesdays& rsquo;

Chemist Pinky Tobiano continues to become a blessing to all the recipients of the Care and Share Program of Grateful Tuesdays. With over 500 families reached, Tobiano together with her friends from the private sectors widened its reach and added more sponsors to help in this activity......»»

Category: entertainmentSource:  thestandardRelated NewsOct 27th, 2020

Converge price plunges upon debut

Converge Information and Communications Technology Solutions Inc. successfully made its debut in the stock market yesterday, raising P29.1 billion, including shares for over-allotment, marking the largest-ever initial public offering in the country......»»

Category: financeSource:  philstarRelated NewsOct 26th, 2020

Same-sex civil unions

Pope Francis’ radical shift in support of same-sex civil unions, while still opposing same-sex marriages, is definitely welcomed by the LGBTQ community. To my mind, however, it raises some points that need clarifications, Santa Banana!.....»»

Category: newsSource:  thestandardRelated NewsOct 26th, 2020