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Reddit shares priced at $34 in largest IPO by social media company in years – The Daily Guardian
Popular social media platform Reddit is set to make its debut as a publicly traded company with a market value of $6.4 billion. The initial.....»»
Delivery drivers urge Mayor Baste for business permit exemption
Title: Delivery Drivers Seek Exemption from Business Permit Requirement A group of delivery drivers in Davao is urging Mayor Sebastian Duterte to exempt them from the mandatory business permits. The drivers, including those from various delivery apps such as Grab and FoodPanda, are concerned about the financial burden imposed by the business permits, which range from P2,000 to P6,000. They argue that this requirement is unique to Davao City among all cities and provinces in the Philippines. Grab rider Rolando Atico emphasized the need for solidarity among all delivery drivers, regardless of the app they work for. He urged fellow drivers to support each other, as the financial impact may extend beyond just Grab and FoodPanda. Atico also requested Mayor Duterte to reconsider the requirement and reinstate the previous occupational permit, which only cost P125. The group is facing a 30-day deadline to obtain the business permits, and they are citing financial constraints as a reason for their request for an extension. Failure to comply could result in their removal from the delivery platforms, jeopardizing their livelihoods. Additionally, they are advocating for changes to Davao City's Revenue Code, proposing a model similar to Cebu City, where only an occupational permit is required. The drivers are also calling for an inquiry into the lack of transparency and unilateral actions of food delivery companies, particularly concerning rider capitalization and financial concerns. They believe that a thorough investigation will help ensure fairness and equity in their financial obligations and working relationship with the delivery companies. Maribel Paguican, the Business Bureau officer-in-charge, stated that non-certified delivery riders categorized as service contractors must obtain a business permit. She mentioned two permits for occupational and business activities, with a discounted structure for delivery riders. However, concerns have been raised about increased taxes, potentially ranging from P3,000 to P6,000, along with an additional tax on top of the declared income of P1,400. The delivery drivers' plea for exemption from the business permit requirement reflects their concerns about the financial impact and the potential threat to their livelihoods. Their call for solidarity and support from fellow drivers highlights the urgency of the situation. This story sheds light on the challenges faced by delivery drivers in Davao and the implications of the business permit requirement on their financial well-being. It also underscores their efforts to seek fairness and equity in their working relationship with the authorities and delivery companies......»»
2 Entrepreneurial Skills to Learn in 2024
As captains of small businesses, owners are responsible for steering their respective works of love through unpredictable waters. This comes more important in 2024, where a new set of challenges await, calling for a new set of abilities to learn and master. As we set sail into 2024, the importance of honing specific skills becomes […].....»»
Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO
Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»
Survey shows Dabawenyos want FPRRD to return to public service
NEARLY nine out of 10 Dabawenyos expressed a desire for former President and Mayor Rodrigo Duterte to return to public service, according to a survey conducted by the University of Mindanao Institute of Popular Opinion (IPO)......»»
The Daily Guardian: Reddits Planned IPO Seeks Up to $748 Millio
Reddit Inc., the popular social media platform, is gearing up for one of the largest initial public offerings of the year. The company, along with.....»»
PSE approves CREC IPO
The Philippine Stock Exchange Inc. has approved the initial public offering of Citicore Renewable Energy Corp., the first for this year......»»
Citicore Renewable Energy approved for IPO on March 22
Edgar Saavedra’s application to list Citicore Renewable Energy has been approved by the PSE......»»
Villar’s PREIT utilizes IPO proceeds for energy projects
Billionaire Manuel Villar Jr.’s Premiere Island Power REIT Corp. has used up all of the proceeds it obtained from its initial public offering to bankroll energy projects in Luzon......»»
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......»»
Philippines to improve 9 of its islands in South China Sea
MANILA, The Philippines: The Philippines is set to enhance the habitability of islands it considers part of its territory in the South China Sea, according to Romeo Brawner, Manila's military chief. These plans are unfolding amid escalating tensions between the Philippines and China, as both nations claim South China Sea territory and have accused each other of provocative actions in the region. Apart fr.....»»
Philippines to enhance habitability of its islands in South China Sea
MANILA, The Philippines: The Philippines is set to enhance the habitability of islands it considers part of its territory in the South China Sea, according to Romeo Brawner, Manila's military chief. These plans are unfolding amid escalating tensions between the Philippines and China, as both nations claim South China Sea territory and have accused each other of provocative actions in the region. Apart fr.....»»
New passenger lounges to rise in 2 BARMM airports
Two airports in the Bangsamoro region are set to have new plush passenger lounges each, now being constructed by the regional government’s Ministry of Transportation and Communications......»»
Blackpink Lisa, RCA Records ng Sony Music sanib-pwersa para sa solo album
IBANG level at tunay nang pang-international ang isa sa mga miyembro ng Blackpink na si Lisa! Pumirma kasi siya ng partnership with RCA Records, isang American record label na pagmamay-ari ng Sony Music Entertainment. Ayon sa kumpanya, nakatakda silang ikasa ang solo album ng Korean idol na ipo-promote globally. “I’m super excited to be joining.....»»
Bills vs online piracy to be prioritized with public hearing
Two legislative measures granting additional capability to the Intellectual Property Office (IPO) in curbing online content piracy will be tackled during the recess of the Senate sessions......»»
SEC clears OceanaGold IPO
The Securities and Exchange Commission has approved the P7.88 billion initial public offering of OceanaGold (Philippines) Inc......»»
IPO-bound OceanaGold to explore another Didipio
Australian-Canadian firm OceanaGold Corp. is spending $2 million this year to kick start its exploration program and find “another” Didipio mine as part of its expansion program......»»
Paolo Contis tahimik sa pagkakasibak ng noontime show sa GMA
HATAWANni Ed de Leon AYAW daw munang magsalita ni Paolo Contis ngayon tungkol sa pagkakasibak ng Tahanan nilang hindi na masaya. Noon ipinakikipaglaban niya iyong pilit pati na ang pag-angkin sa titulong Eat Bulaga, pero nabulaga sila sa desisyon ng IPO at ng Korte at ngayon nga sa naging desisyon ng GMA 7 na tuluyan nang alisin ang kasiyahan sa ….....»»
Road to IPO
The Philippine Stock Exchange hosted a forum on Feb. 28 featuring CEOs who talked about how their respective initial public offerings helped accelerate the growth of their companies......»»
GCash says IPO not yet a priority
E-wallet pioneer GCash is in no hurry to go public anytime soon, as it wants to prioritize the growth of its portfolio with the app expanding abroad......»»