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Hontiveros bares papers linking Guo and believed mother ‘Lin Wen Yi’
MANILA, Philippines — Documents released on Thursday suggest a possible link between Bamban Mayor Alice Guo and “Lin Wen Yi,” believed to be Guo’s biological mother. Senator Risa Hontiveros disclosed the papers to highlight Guo’s alleged connection to Lin Wen Yi, a Chinese national. According to Senator Sherwin Gatchalian, Valenzuela residents referred to Lin as.....»»
PREIT declares odd Q1 dividend
Premiere Island Power REIT [PREIT 1.92 ?2.0%; 13% avgVol] [link] declared a Q1/24 dividend of P0.0326/share, payable on June 28 to shareholders of record as of June 11......»»
Okada Manila thinking about 2025 IPO
Okada Manila (OKADA) [link] is reportedly considering an IPO in 2025 that would be worth between P29 billion and P43 billion......»»
Coal Asia Holdings board approves 10-for-1 stock split
Coal Asia Holdings [COAL 0.20 unch; 22% avgVol] [link] disclosed that its board approved a measure that would change the par value of its capital stock from P1.00/share to P0.10/share......»»
DoF Secretary: Rates to come down maybe 150 bps in the next two years
Department of Finance Secretary Ralph Recto (link) said that he doesn’t “expect interest rates to go any higher”, and that “they will start to go down, maybe 150 bps in the next two years”......»»
Citicore Renewable Energy sets IPO price at 30% discount
Citicore Renewable Energy [CREC 2.70 pre-IPO] [link] advised the exchange that it has priced its IPO at P2.70/share, which is a 30% discount to the P3.88/share placeholder maximum price from its preliminary prospectus......»»
Globe now considering dual listing for GCash in 2025
Globe [GLO 2006.00 ?0.8%; 111% avgVol] [link] CEO Ernest Cu said that the company might list GCash “sometime in 2025”......»»
The Fed s meeting notes: Lack of further progress on inflation
The US Federal Reserve (the Fed) [link] released the minutes of the meetings held by the Federal Open Markets Committee (FOMC), the body charged with making the decision on interest rates, and a reading of the minutes revealed concern by officials that “recent monthly data had showed significant increases in components of both goods and services price inflation”, and that “in recent months there had been a lack of further progress toward the Committee’s 2 percent objective.”.....»»
Drug probe resource persons cited for lying
A Senate panel cited in contempt two of its resource persons for not telling the truth in the so-called Philippine Drug Enforcement Agency document leaks that allegedly link President Marcos and a veteran actress to illegal drugs......»»
AGI still keen on Skytrain monorail project
Alliance Global Group Inc., the holding company of tycoon Andrew Tan, remains keen on pushing through with its Skytrain monorail project that will link Fort Bonifacio to the MRT Guadalupe Station even after almost seven years since the unsolicited proposal was submitted to the government......»»
PNX, C, and INFRA suspended for reporting failures
The PSE issued suspensions to three companies [link] prior to the open of trade on Friday morning for failure to submit FY23 Annual Reports......»»
Zobels sell remaining MWC holdings to Razon for P14.5-B
Ayala Corp [AC 620.00 ?1.3%; 131% avgVol] [link] disclosed that its subsidiaries, Michigan Holdings and Philwater Holdings, would sell their combined holdings in Manila Water Company [MWC 26.60 ?1.5%; 123% avgVol] to Trident Water Company Holdings (TWC), which is owned by MWC’s current owner, Enrique Razon......»»
Several corps placed on suspension notice for reporting failures
The PSE [link] notified four high-profile companies that their shares would be suspended at 9 AM today if 2023 Annual Reports were not posted......»»
Vista Land board approves P5-B preferred shares offer
Vista Land [VLL 1.50 ?2.0%; 0% avgVol] [link] disclosed that its board has approved a P5 billion preferred shares offering, consisting of 50,000,000 Series 2 Preferred Shares priced at P100/share......»»
Alden posible nga bang ma-in love kina Andrea, Belle at Jane?
KAHIT sinong babae ang mapipili ng Asia’s Multimedia Star na si Alden Richards na maging girlfriend ay siguradong napakaswerte! Agree kami sa sinabi ng veteran showbiz columnist at talent manager na si Manay Lolit Solis patungkol sa future lovelife ni Alden na ini-link ngayon kay Kathryn Bernardo. Baka Bet Mo: Sharon tulad ni Alden ang.....»»
30-meter bridge linking Cordova, Lapu-Lapu breaks ground
LAPU-LAPU CITY, Cebu – A 30-meter prestressed concrete bridge that would link Cordova town to Lapu-Lapu City has broken ground on Friday, May 10, 2024. The project includes building a 30-meter prestressed concrete bridge linking the Pilipog-Gabi causeway to the proposed Babag-Basak-Subabasbas Bypass road. Additionally, a 150-meter bypass road will be constructed perpendicular to the.....»»
Robinsons Land Q1 profit: P4.1-B (+53%)
Robinsons Land [RLC 15.20 ?0.8%; 26% avgVol] [link] teased its Q1 results on Friday, revealing that its net income attributable for the quarter reached P4.07 billion, a 53% y/y increase.....»»
RCR’s Q1/24 div is an all-time high
RL Commercial REIT [RCR 5.08 ?1.4%; 71% avgVol] [link] declared a Q1/24 dividend of P0.099, payable on May 31 to shareholders of record as of May 17......»»
NLEX spending P9 billion for C5 link, road widening
North Luzon Expressway (NLEX) Corp. will spend nearly P9 billion for the construction of a direct access to C-5 Road and the expansion of a certain portion of its tollway......»»
DMCI Holdings acquires Cemex PH parent company for $305.6-M
DMCI Holdings [DMC 10.86 ?0.7%; 52% avgVol] [link] and Semirara Mining and Power [SCC 32.50 ?0.8%; 22% avgVol] acquired Cemex Asian South East Corp (CASEC), the parent company of Cemex Philippines [CHP 1.36 ?28.4%; 267% avgVol], in a deal worth $305.6 million (~P17.6 billion)......»»