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MerryMart increases 2030 VISION annual sales target 25% to P150-B
MerryMart, the grocery and consumer products chain founded by Injap Sia, said in a press release that it has updated its 2030 VISION goal from P120 billion in annual consolidated systemwide sales revenue to P150 billion......»»
MerryMart hikes 2030 sales target to P150 billion
MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»
The Manila Times - Philippines - Asia - The Manila Times
The Manila Times - News - Opinion - Philippines - Asia - World The Manila Times.....»»
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......»»
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”......»»
[OPINION] Palestine lights the way forward
'Yes, this is the worst of times. But is it the best of times? That depends on each and every one of us. Are we willing to take on the great challenges of the times?'.....»»
Hungary Defies EU Blackmail on Ukraine Funding – The Daily Guardia
The Daily Guardian: Financial Times Offers Discounted Price for Readers In a move to provide convenience and accessibility to its readers, the Financial Times (FT).....»»
Petron rolls back LPG price by P11 per 11-kg cylinder
MANILA, Philippines — Petron Corp. slashed the price of its liquefied petroleum gas product after implementing increases for three consecutive months this year. In its advisory, Petron said its LPG price was cut by P1 per kilogram (kg) or a total of P11 per 11-kg cylinder effective April 1 at 12 noon. “This reflects the.....»»
CREC likely to move IPO to Q2
The planned initial public offering of Citicore Renewable Energy Corp., potentially the first IPO of 2024, may be moved to the second quarter of the year in line with the expected lowering of interest rates by then......»»
Alternergy reallocates IPO proceeds to Tanay and Alabat projects
Alternergy, the renewable energy generation company founded by Vince Pérez (former DoE Secretary), announced that its board of directors reallocated P65 million of the IPO proceeds that were originally scheduled for the Solana Solar Project, Ibulao Mini Hydro Project, Cavite Offshore Wind Project, Tablas Strait Offshore Wind Project, and the operationalization of Green Energy Supply Solutions Inc......»»
The PSE’s first IPO might be delayed until next quarter
A report from Iris Gonzales of The Philippine Star said that the Citicore Renewable Energy Corp. IPO might be moved from late March to sometime in Q2 to be more “in line with the expected lowering of interest rates” and to give CREC more time to “complete some remaining regulatory requirements”......»»
GCash preparing for IPO in the last half of 2024
Oscar Reyes Jr., the CEO of GCash operator G-Xchange [link], said that they’re “preparing internally so that we can be ready this year” for an IPO, but clarified that “it is a question of the market, not of GCash, as the market has yet to rebound fully.”.....»»
SEC makes registration easier for power companies that are forced to IPO by law
The SEC issued a notice that simplifies the registration process for power generation companies and distribution utilities that are forced to IPO at least 15% of their shares under the EPIRA law......»»
Davao residents unsure about city’s near future
DAVAO CITY (MindaNews / 23 February) – Majority of Dabawenyos are uncertain about the city’s future in the next five years, according to a study conducted by the University of Mindanao-Institute of Popular Opinion (UM-IPO). Dr. John Vianne Murcia, director of UM-IPO, said during Kapihan sa Philippine Information Agency-Davao on Friday that only 46.7 percent […].....»»
SEC eases IPO cornerstone investor rules in 2nd draft of proposed rule
The SEC’s proposed second draft of its new set of rules on IPO cornerstone investors contains a few adjustments to ease the burden of the new rules on both issuers and cornerstone investors......»»
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......»»
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......»»
Geopolitics, rate cut delays could spoil IPO rebound in 2024
Geopolitical tensions and interest rate cut delays could play the spoiler’s role in initial public offerings (IPO) staging a major comeback in the local bourse this year......»»
Balai Ni Fruitas response to write-up on the reallocation of IPO proceeds
On Tuesday, I wrote about Balai Ni Fruitas and the BALAI board’s reallocation of IPO proceeds to commissary construction, away from store network expansion......»»
Market still not conducive for IPO
PNB Holdings Corp., a wholly-owned subsidiary of the Philippine National Bank, is ready to conduct an initial public offering, according to Carlu Fernandez, Philippine Airlines’ general counsel, but market conditions are still not conducive to an IPO at this time......»»