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Philippines debt hits record P14.6 trillion

The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024

US Senate panel urges Treasury Dept to make tech firms comply with sanctions

US Senator Mark Warner says tech companies like Alphabet and Meta have continued to provide adtech services to sanctioned entities with ties to 'foreign adversaries'.....»»

Category: newsSource:  rapplerRelated NewsJan 30th, 2024

Treasury raises P81 billion from T-bill sale in January

The government borrowed a total of P81 billion through the issuance of short-term securities this month, exceeding its target after it upsized offers at the onset of the new year......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Treasury raises P120 billion from T-bonds

The government raised the entire program of P120 billion in long-term securities this month amid the downtrend in investor asking rates......»»

Category: financeSource:  philstarRelated NewsJan 24th, 2024

FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund

Vice President Sara Duterte has not returned her confidential fund to government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for an […].....»»

Category: newsSource:  mindanewsRelated NewsJan 23rd, 2024

Third retail bond issue eyed in Q1

The government will borrow from small creditors in the first quarter as the Marcos administration sets its third offering of retail Treasury bonds in a bid to boost state coffers and finance various projects......»»

Category: newsSource:  philstarRelated NewsJan 19th, 2024

FACT CHECK | VP Sara Duterte did not return her 2022 confidential fund

Vice President Sara Duterte has not returned any confidential funds to the government treasury, contrary to a video posted on YouTube. Reports that Duterte spent in just 11 days in December 2022 a confidential fund amounting to P125 million from the contingency fund of the Office of the President drew widespread criticisms and demands for […].....»»

Category: newsSource:  mindanewsRelated NewsJan 16th, 2024

Vista Land board approves P5-B preferred shares offer

Vista Land [VLL 1.50 ?2.0%; 0% avgVol] [link] disclosed that its board has approved a P5 billion preferred shares offering, consisting of 50,000,000 Series 2 Preferred Shares priced at P100/share......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2024

Stonebridge acquires P500 million shares in RCI

Stonebridge Corp. has purchased 250 million shares or approximately nine percent of Roxas and Co. Inc. for P500 million......»»

Category: financeSource:  philstarRelated NewsMay 8th, 2024

Union Bank sets SRO entitlement ratio at 0.11:1

Union Bank set the price of its stock rights offering at P30.57/share, and set the entitlement ratio at 1 rights share for every 9.1382 UBP shares owned, or 0.11 new shares for every existing share......»»

Category: financeSource:  philstarRelated NewsMay 3rd, 2024

ALI to buy back more shares

Property giant Ayala Land Inc. plans to continue buying back shares to boost its share price, which the company believes has been trading at a steep discount......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

BDO declares a property dividend of Treasury shares

BDO revealed that its board of directors approved the declaration of a property dividend of BDO Treasury shares that will result from the “eventual merger of BDO and SM Keppel Land Inc.”.....»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Megaworld completes secondary share sale of 40.65M MREIT shares

Megaworld completes secondary share sale of 40.65M MREIT shares.....»»

Category: newsSource:  sunstarRelated NewsApr 21st, 2024

Megaworld raises P500 million from sale of MREIT shares

Real estate giant Megaworld Corp. is poised to ramp up its development pipeline with the P500 million proceeds from the sale of its shares in real estate investment trust company MREIT Inc......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Cebu Landmasters raises P4B in preferred shares offering; plans strategic expansion

Real estate firm Cebu Landmasters Inc. (CLI) has raised more than P4.28 billion through its recent follow-on offering of preferred shares......»»

Category: financeSource:  philstarRelated NewsApr 17th, 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

Leviste becomes largest shareholder of Roxas and Co

Solar energy trailblazer Leandro Leviste has acquired shares in listed Roxas and Co. Inc., making him its largest individual shareholder with shares equivalent to 7.55 percent of the company......»»

Category: newsSource:  philstarRelated NewsMar 19th, 2024

Shares gain anew, track upswing in US markets

Local shares sustained its recovery, tracking the upswing in US markets......»»

Category: financeSource:  philstarRelated NewsMar 13th, 2024

Jollibee plans to sell up to P8-B in preferred shares

Jollibee announced its plan to sell an additional 5 million to 8 million preferred shares at P1000/share, in a follow-on offering to raise between P5 billion and P8 billion......»»

Category: financeSource:  philstarRelated NewsMar 12th, 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