Credit to Author: Jordeene B. Lagare| Date: Mon, 02 Dec 2019 17:16:42 +0000
THE Department of Energy (DoE) has declined PXP Energy Corp.’s unsolicited proposal to assume the operations of the $4.5-billion Malampaya gas field off Palawan, an agency official said on Monday. In a briefing on the 2019 National Energy Consciousness Month at the DoE headquarters in Taguig City, Energy Secretary Leonido Pulido 3rd told reporters that […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Thu, 28 Nov 2019 16:17:34 +0000
VISTA Land & Lifescapes Inc. said on Thursday its P10-billion fixed retail bonds would carry a 5.6992-percent interest rate annually. In a disclosure, the Villar-led property company said the bonds had a tenor of five years and six months and were due June 2025. The bonds have a principal amount of P5 billion with an […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Wed, 27 Nov 2019 16:43:49 +0000
BPI Family Savings Bank (BFSB) has generated more than P2 billion in fresh funds from its maiden bond issuance. In a disclosure on Wednesday, the Bank of the Philippine Islands’ (BPI) wholly owned thrift bank and consumer lending arm said it had exceeded its target of P2 billion from the issuance, prompting it to cut […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Wed, 27 Nov 2019 16:32:41 +0000
VISTA Land & Lifescapes Inc. and Cirtek Holdings Philippines Corp. were given the go-signal by the Securities and Exchange Commission (SEC) to proceed with their debt securities offering. In a statement on Wednesday, the SEC said that both firms’ applications were approved on November 26 and the issuance of corresponding orders of registration and permits […]
Read moreCredit to Author: Eireene Jairee Gomez| Date: Wed, 27 Nov 2019 16:26:23 +0000
THE Securities and Exchange Commission (SEC) has approved Unido Capital Holdings Inc.’s subscription of P125 million worth of shares of Pacifica Holdings Inc., bringing a 60.94-percent possession for the former. In a disclosure, Pacifica said this came as the SEC approved the company’s increase in capital stock to P700 million from the previous P200 million. […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Wed, 27 Nov 2019 16:25:05 +0000
Arthaland Corp. is seeking the approval of the Securities and Exchange Commission (SEC) for its P6-billion fixed rate bonds, to be registered under a shelf registration. The bonds have a five-year tenor due in 2024 and would be issued with a minimum of P50,000 face value and in increments of P10,000 thereafter. BDO Capital & […]
Read moreCredit to Author: Mayvelin U. Caraballo, TMT| Date: Tue, 26 Nov 2019 16:56:43 +0000
LISTED Rizal Commercial Banking Corp. (RCBC) would save up to P700 million a year following its merger with RCBC Savings Bank (RSB), the head of the Yuchengco Group of Companies’ (YGC) holding company said on Monday night. The merger “will save us probably P500 to P700 million a year in costs,” House of Investments President […]
Read moreCredit to Author: Agence France-Presse| Date: Tue, 26 Nov 2019 12:30:27 +0000
HONG KONG: Chinese online retail giant Alibaba surged on Tuesday as it drew back the curtain on a Hong Kong listing the firm described as a vote of confidence in the embattled city. The long-delayed trading day got off to a glitzy start with Chief Executive Officer Daniel Zhang joined on stage at a stock […]
Read moreCredit to Author: Agence France-Presse| Date: Tue, 26 Nov 2019 12:00:40 +0000
PARIS: Luxury behemoth LVMH said on Monday it had clinched a deal to buy the storied US jeweller Tiffany in a $16.2-billion deal, its biggest acquisition ever, making the French firm a power player in fine gems just as demand is soaring worldwide. The deal comes after LVMH, already the top luxury firm overall, spent […]
Read moreCredit to Author: Tyrone Jasper C. Piad| Date: Mon, 25 Nov 2019 17:01:46 +0000
MASS housing developer 8990 Holdings Inc. is eyeing to complete its P2.5-billion securitization deal before the year ends to raise funds for projects in 2020. In a disclosure on Monday, the listed property firm said the deal would “open the doors to sustainable housing finance which will allow developers to focus on the business of […]
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