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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”......»»
RLC sells P8.5 billion shares in REIT unit
Robinsons Land Corp., the diversified real estate firm of the Gokongwei family, has sold P8.49 billion worth of shares in RL Commercial REIT Inc., increasing the listed REIT’s public float to 49.95 percent......»»
Citicore Energy REIT declares robust Q4 dividend
Citicore Energy REIT, the subsidiary of Citicore Renewable Energy Corp. and the REIT arm of the Megawide [MWIDE 3.08 unch] group of companies, declared a Q4/23 dividend of P0.054/share, payable on May 15 to shareholders of record as of April 18......»»
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......»»
DoubleDragon breaks ground on new Hotel101 in Spain
DoubleDragon, the property developer owned by Injap Sia and Tony Caktiong, announced that it has already broken ground on its 680-room Hotel101-Madrid and signed a contract for the hotel’s construction with Ferrovial Construction......»»
Provincial airports get P14 billion for upgrade
The Department of Transportation is allocating P14 billion this year for the development and upgrade of regional airports to support the recovery of domestic tourism......»»
USAID spends P14 billion for PH health
USAID spends P14 billion for PH health.....»»
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......»»
OceanaGold listing moved to May 13
OceanaGold (Philippines) Inc. moved its stock market debut by six days to May 13 from its original plan of May 7 after the Philippine Stock Exchange (PSE) board approved the miner’s P7.88 billion listing recently......»»
PhilHealth claims for COVID-19 pneumonia hit P14.6 billion
COVID pneumonia topped the medical cases that the Philippine Health Insurance Corp. reimbursed last year, with claims amounting to more than P14 billion......»»
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......»»
Abacus Securities thinks SM REIT and Prime Infra IPOs will be delayed and that GCash IPO will happen overseas
Nicky Franco, head of research for Abacus Securities, said that the SM REIT and Prime Infrastructure mega-IPOs will probably not happen in 2024 based on PSE President Ramon Monzon’s expectation of about P40 billion in total IPOs this year on the PSE......»»
Hotel101 moves one step closer to NASDAQ SPAC listing
Hotel101, the global “condotel” subsidiary of Injap Sia’s Double Dragon, announced that it signed a definitive merger agreement with the British Virgin Island-registered JBSPAC Acquisition Corp., with the intent of listing the merged entity on the NASDAQ stock exchange under the symbol “HBNB”......»»
MVP: Tollways listing still possible this year
Tycoon Manuel V. Pangilinan is hoping there would be no delays in the planned listing of a mega tollways joint venture company with San Miguel Corp.......»»
Citicore Energy REIT doesn’t deny report of potential 30% stake sale
Citicore Energy REIT responded to a Biz Buzz article that claimed a “blue chip conglomerate” (BCC) was in negotiations to acquire “a little less than 30%” of CREIT in a deal that would be completed “in the coming days or weeks”......»»
Filinvest REIT dividend continues to crumble
Filinvest REIT declared a Q4/23 dividend of P0.067/share, payable on March 26 to shareholders of record as of March 11......»»
RL Commercial REIT declares record dividend
RL Commercial REIT declared a Q4/23 dividend of P0.098/share, payable on February 29 to shareholders of record as of February 20......»»
REIT revival looms this year
Stock market investors may see a revival of the real estate investment trust (REIT) market this year......»»
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......»»
Gov’t debt stock rose to P14.79 trillion as of Jan
MANILA, Philippines — The government’s outstanding debt rose in January due to a weak peso and after the Marcos administration borrowed more from local creditors than what it paid for its maturing liabilities, the Bureau of the Treasury (BTr) reported Friday. Data showed state obligations increased 1.9 percent month-on-month to P14.79 trillion as of January. ALSO READ:.....»»