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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......»»
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)......»»
Phoenix lacks the retained earnings to pay PNX4 and PNX3B divs
The PSE sought an update from Dennis Uy’s Phoenix Petroleum on the non-payment of dividends to shareholders of its PNX4 preferred shares and PNX3B preferred shares......»»
REDC anchor investor buys secondary share stake
This transaction highlights the important differences between primary (new) and secondary (pre-owned) shares. In this case, had TOKAI purchased the stake in primary shares from REDC......»»
Century Properties eyes P4 billion from pref shares issue
Century Properties Group Inc. has set the preliminary terms for its planned preferred shares issuance, in which the company intends to raise as much as P4 billion......»»
Bacolod releases P11M garbage fee shares to Bata, Villamonte
Bacolod releases P11M garbage fee shares to Bata, Villamonte.....»»
Shares of Trump-linked companies rise- Bloomberg
The former president secured a record margin of victory in Iowa's Republican caucus on Monday Shares in companies linked to former US President Donald Trump surged after his first victory in the campaign to reclaim the White House, Bloomberg reported on Tuesday. On Monday, Trump decisively beat his chief rivals.....»»
CLI approves issuance of P5 billion preferred shares
Cebu Landmasters Inc., the listed property developer focused in the Visayas and Mindanao regions, will issue five million Series A preferred shares to raise up to P5 billion......»»
EDITORIAL - Restoring NFA powers
Amid sustained high rice prices, the House of Representatives has approved a bill that restores the authority of the National Food Authority to import rice and sell this in the market during a food security emergency......»»
FEF bucks proposal to restore NFA power
The Foundation for Economic Freedom is opposing the proposal to bring back the power of the National Food Authority to import and sell rice to consumers, saying this would reverse the gains from the reforms in the country’s rice policy......»»
EcoWaste Coalition: Over 20 Stores Sell Mercury Cosmetics in Pasay City
9 May 2024, Quezon City. The toxics watchdog group EcoWaste Coalition denounced the rampant sale in Pasay City of imported skin-whitening products laden with mercury as if such act is within the bounds of law.The group revealed the unlawful act after identifying over 20 retail stores that sell one or more brands of cosmetics adulterated with mercury, a highly toxic chemic.....»»
List or sell? PLDT weighs options on data centers
Telco-to-tech provider PLDT Inc. is open to the possibility of listing a real estate investment trust in the Philippine Stock Exchange, eyeing to raise fresh capital from its data center business for debt payments......»»
IOB to sell 92 NPA accounts having Rs 13,472 cr loan outstanding
Indian Overseas Bank to e-auction 92 non-performing loans worth Rs 13,471.68 crore. Loans include consortium arrangements, NCLT cases, sole banking ventures. Gross NPA reduced to 3.90% by December 31, 2023......»»
Marcos to tag as urgent rice law amendments returning NFA s original powers
President Ferdinand Marcos Jr. has agreed to tag as urgent proposed changes to the controversial Rice Tarrification Law (RTL) that would allow the National Food Authority to sell cheap rice in the markets again. .....»»
Cebu pharmacist group defends pharmacist over viral prescription issue
CEBU CITY, Philippines — A group of pharmacists here came to the defense of their fellow pharmacist who got embroiled in a social media fiasco involving prescription drugs. The Cebu Pharmacists Association Inc. defended their colleague for refusing to sell prescription medications to a customer who failed to present any prescription slips, a video of.....»»
Villar supports Marcos Jr’s easing of agriculture importation
Sen. Cynthia Villar expressed support for President Marcos’ order to ease the process of importation, which could also help sell agricultural products at cheaper prices......»»
Female cadet who sold siopao tops PNPA Class 2024
A woman who used to work at a photocopy center and sell siopao in school to fund her college education emerged as topnotcher of this year’s Philippine National Police Academy graduating class......»»
PRO-7 warns against use of marijuana-flavored vapes
CEBU CITY, Philippines — The Police Regional Office in Central Visayas (PRO-7) has issued a stern warning against the use and proliferation of marijuana-flavored vape products. Police Lieutenant Colonel Gerard Ace Pelare, the PRO-7 spokesperson, said that they will arrest individuals who sell vapes mixed with marijuana oil. The sale and use of marijuana remains.....»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
TikTok facing ban in America; penalized $384 million in Europe
The US House of Reps has passed a bill to ban TikTok unless it cuts ties to Communist China. Chinese parent ByteDance must sell TikTok to another nationality in six months or be shut down......»»