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”......»»
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......»»
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......»»
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......»»
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......»»
Davao City barangays need to improve disaster response
DAVAO CITY (MindaNews / 21 February)—Dabawenyos believe that barangays in this city should improve on disaster response efforts to deal with calamities more effectively, according to a survey conducted by the University of Mindanao’s Institute of Popular Opinion (UM-IPO). During “Wednesdays Media Forum at Habi at Kape,” Dr. John Vianne Murcia, UM-IPO director, said that […].....»»
OceanaGold Philippines files for P7.9-B IPO
OceanaGold Corp. a Canadian gold mining company [link], has filed an application to the SEC to conduct an IPO for its Philippines-based subsidiary, OceanaGold Philippines......»»
OceanaGold files for Philippine unit’s IPO
Australian-Canadian firm OceanaGold Corp. has filed for an initial public offering (IPO) of up to P7.9 billion for its Philippine subsidiary in compliance with the conditions of its renewed mining contract......»»
OceanaGold PH IPO approved by SEC
OceanaGold received SEC approval for its proposed P7.88 billion IPO......»»
Balai Ni Fruitas reallocates P50-M in IPO proceeds to complete commissary build
Balai Ni Fruitas said that its board approved a reallocation of its IPO proceeds, from “Store network expansion and store improvement”, to “Commissary set up”......»»
Prices expected to remain elevated until Q3
The Bangko Sentral ng Pilipinas sees inflation quickening further and staying above the two to four percent target until the third quarter due to the negative impact of weather conditions on agricultural production......»»
Pagasa: Mostly cloudy to cloudy skies in Metro Cebu until Feb. 1
CEBU CITY, Philippines — The northeast monsoon, locally known as Amihan, continues to affect the country, according to the state weather bureau stationed in Mactan. Based on Pagasa-Mactan’s weather specialist on Sunday, Jan. 28, Metro Cebu will experience mostly cloudy to cloudy weather conditions in the next five days or until Thursday, Feb. 1. “Ang.....»»
MMDA to allow 24-hour road works by DPWH until April 11
The Metropolitan Manila Development Authority announced road reblocking and repairs by the Department of Public Works and Highways until next week......»»
Balik-Tanaw | Rejoice!
The 4th Sunday of Lent is called Laetare Sunday. A Latin word which means rejoice! In the beginning of the Mass, its entrance antiphon acclaims “Rejoice, Jerusalem, and all who love her. Be joyful!” This Sunday celebration brings us to hope with anticipation, the great joy of the resurrection… which urges us to enter more deeply into the mystery of God’s love and mercy…”For God so loved the world that He gave His only Son, so that everyone who believes in Him might not perish but might have eternal life.”(John 3:16) The First reading reminds us of God’s mercy when Cyrus, King of Persia became the instrument of salvation for God’s chosen people who were exile in Babylon. The Psalm remembers the tragedy of the exile in Babylon as it evokes sentiments of joy and hope for salvation. In the Second Reading, Paul tells us that God is rich in mercy, and His great love brought us salvation as a gift (taken from the Word in other words). The post Balik-Tanaw | Rejoice! appeared first on Bulatlat......»»
Philippines GDP expands by 5.7 pct in Q1
MANILA, May 9 (Xinhua) -- The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said Thursday. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower than the 6.4 percent expansion posted in the first quarter of 2023. PSA head Dennis Mapa told a press conference that.....»»
Interview: ISU chief hails next generation stars rising at Gangwon 2024
GANGNEUNG, South Korea, Jan. 28 (Xinhua) -- The next generation stars in ice skating are rising at the 2024 Gangwon Winter Youth Olympic Games, chief of the global skating governing body has said. "Next-generation stars can compete [at a] global level. Just like many other sports, this is an event where we get to see the rising stars, the next generation stars," Kim Jae-youl, president of the International Skati.....»»
Eight players share first-round lead at Puerto Rico Open
(Photo credit: Jim Cowsert-USA TODAY Sports) Eight players shared the lead at 7-under 65 following Friday morning's conclusion of the rain-delayed first round at the Puerto Rico Open in Rio Grande. Scott Piercy and Joe Highsmith were the leaders in the clubhouse when play was halted for darkness on Thursday, following a nearly two-hour rain delay. Friday started with 54 players completing the opening round and saw six o.....»»