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PSE has until 2025 to spend money it raised in 2018

The PSE disclosed that its board of directors voted to approve an extension of the timeline for its disbursement of the P2.8 billion in net proceeds that it raised through a 2018 stock rights offering......»»

Category: financeSource:  philstarRelated NewsFeb 23rd, 2024

Recto urges PSE to work with government in transforming PH capital market

Recto urges PSE to work with government in transforming PH capital market.....»»

Category: newsSource:  sunstarRelated NewsFeb 22nd, 2024

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......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

BDO readies SMC financial war chest for NAIA

The country’s largest bank is preparing the financing package that will fund the P122.3-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), with San Miguel Corp. (SMC) just weeks away from signing the concession for the project on March 18......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

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......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

Globe gets P5 billion from sale of towers

Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»

Category: financeSource:  philstarRelated NewsMar 26th, 2024

PSE looks forward to capital market reforms with Recto

The Philippine Stock Exchange said it is looking forward to working with newly appointed Finance Secretary Ralph Recto in introducing reforms that would further deepen the capital market......»»

Category: financeSource:  philstarRelated NewsJan 15th, 2024

Metro Global given 6 months to avoid involuntary delisting

The PSE gave notice to Metro Global Holdingsthat it has six months to increase its public float above 10% to comply with the PSE’s Minimum Public Ownership (MPO) rule or be “automatically delisted” from the stock exchange......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

Quick look at the week ahead

Domestically, this week is all about the preferred shares listings that we’ll have at the end of the week with Century Properties and CPGPB going live on Thursday, and A Brown and BRNPB/BRNPC going live on Friday......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

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......»»

Category: financeSource:  philstarRelated NewsMar 22nd, 2024

Cebu Landmasters FOO approved by the PSE

Cebu Landmasters had its follow-on offering of preferred shares approved by the PSE......»»

Category: financeSource:  philstarRelated NewsMar 14th, 2024

Abra Mining investors turning up the heat on SEC and PSE to resolve unlisted shares issue

Shareholders of Abra Mining, together with stockbroker Victor Dominquez, are seeking a Congressional inquiry into “the alleged failure of the SEC and PSE to formalize charges against the executives of Abra Mining...” for their role AR’s sale of shares which were unlisted and unregistered during the “basura” (garbage) stock frenzy that heated up in late 2020 and overboiled in early 2021......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

A Brown Company prefs follow-on offering approved by the PSE

The A Brown Company preferred shares follow-on offering was approved by the PSE......»»

Category: financeSource:  philstarRelated NewsFeb 6th, 2024

Century Properties P4-B prefs sale approved by PSE

Century Properties had its follow-on offering of preferred shares approved by the PSE......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

SP New Energy suspended again for public float violation

SP New Energy was suspended at the close of trading on Friday by the PSE after a block sale pushed SPNEC’s public float down to 19.57%, below the PSE’s minimum public float requirement of 20%......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Milk tariff collections rise by 31% to P2.4 billion

Revenues raised by the government from various imported milk products jumped by 31 percent to P2.36 billion in 2023, the highest in at least eight years, from P1.8 billion in 2022......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2024

Death toll from Davao de Oro landslide jumps to 68

Disaster authorities plan to shift their focus from search and rescue to search and retrieval beginning on Tuesday, February 13.....»»

Category: newsSource:  rapplerRelated NewsFeb 12th, 2024

DBP seeks capital buildup of up to P300 billion

State-run Development Bank of the Philippines is hoping to raise its authorized capital stock to P300 billion as the bank seeks to amend its nearly three-decade-old charter......»»

Category: newsSource:  philstarRelated NewsMar 7th, 2024

ALI to raise P50 billion in debt capital

Property giant Ayala Land Inc. is raising up to P50 billion in debt capital this year to refinance maturing obligations and partially fund general corporate requirements......»»

Category: financeSource:  philstarRelated NewsFeb 20th, 2024

Capital One to Acquire Discover for $35 Billion in Merger of Major US Credit Card Companies

Capital One Financial has announced plans to purchase Discover Financial Services in a landmark deal valued at $35 billion. The acquisition, which will be an.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 20th, 2024