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SP New Energy suspension lifted after Solar Philippines donates another 220 million SPNEC shares

The PSE lifted the suspension that had affected SP New Energy shares since January 26 after SPNEC said that Solar Philippines Power Project Holdings Inc. had donated 220 million SPNEC shares to Asia Pacific Institute for Green Development on January 24, and that the donation had increased SPNEC’s public float [link] back above the 20% minimum threshold for active trading......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 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

Comelec dunay forms sa pag-withdraw sa people s initiative

Comelec dunay forms sa pag-withdraw sa people s initiative.....»»

Category: newsSource:  sunstarRelated NewsFeb 20th, 2024

China must withdraw ships from West Philippine Sea, groups say

Militant groups on Tuesday said China must withdraw its ships from the West Philippine Sea as well as its claims over islands based on bogus sovereignty......»»

Category: newsSource:  philstarRelated NewsFeb 6th, 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

Historically low valuation

The Philippine stock market bloodbath over the past two years saw the PSEi plummet from 7,122.6 on the last trading day of 2021 to 6,566.4 on the last trading day of 2022 for a 7.8 percent annual retreat and slide even further in 2023 to close at 6,450.0 on the last trading day of the year. In terms of valuation, the PSEi’s 2023 year-end 12.9x price-to-earnings (P/E) ratio does not fare well when compared against its past performance in prior years......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

SMNI anchors, reporters assail NTC’s decision on network suspension

The petitioners filed a request for a temporary restraining order and injunction, saying that the indefinite suspension imposed by the NTC violates the freedom of expression and the press......»»

Category: newsSource:  philstarRelated NewsJan 30th, 2024

NTC makes 30-day SMNI suspension indefinite

The National Telecommunications Commission yesterday ordered the indefinite suspension in the operation of the radio and television stations of Sonshine Media Network International, the broadcasting arm of Kingdom of Jesus Christ leader Apollo Quiboloy, after the group failed to comply with an earlier 30-day NTC suspension order......»»

Category: newsSource:  philstarRelated NewsJan 22nd, 2024

Tell it to SunStar: Mother’s request for live interview with sexually abused 4-year-old child was no valid excuse

Tell it to SunStar: Mother’s request for live interview with sexually abused 4-year-old child was no valid excuse.....»»

Category: newsSource:  sunstarRelated NewsMar 17th, 2024

Wenceslao: No official request yet for Charter Day bonus

Wenceslao: No official request yet for Charter Day bonus.....»»

Category: newsSource:  sunstarRelated NewsFeb 16th, 2024

Gerald may ‘request’ kay Julia bago maging calendar girl, ano kaya ito?

TILA nagkaroon pala ng kasunduan ang celebrity couple na sina Julia Barretto at Gerald Anderson bago maging calendar girl ng isang liquor brand ang aktres. Ang chika ni Julia, nagkaroon lang ng isang request ang kanyang boyfriend. Ang bilin daw ni Gerald, dapat maging “graceful” pa rin siya kapag ginawa na ang pictorial ng pagiging.....»»

Category: newsSource:  inquirerRelated NewsFeb 10th, 2024

Council to appeal March 1 as special non-working holiday in Davao City

The Davao City Council is seeking to appeal to the national government to declare March 1 as a non-working holiday in honor of Araw ng Davao, the city's founding anniversary. Councilor Al Ryan Alejandre emphasized the importance of this appeal for the people of Davao, expressing hope that the president will grant their request. This initiative comes as a response to a new bill that designates March 1 as the new founding anniversary, shifting the traditional celebration date from March 16. Despite the bill and law designating March 1 as a working holiday, the council aims to annually request Malacañang to recognize it as a non-working holiday. The appeal is intended to ensure that Dabawenyos can actively participate in the festivities. Additionally, the executive committee of Araw ng Davao is in the final stages of organizing events and activities for the celebration. Discussions have been ongoing, with plans anticipated to be finalized soon. This move reflects the council's commitment to honoring and celebrating the city's heritage and traditions......»»

Category: newsSource:  sunstarRelated NewsJan 30th, 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

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

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

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