The much-vaunted initial public offering (IPO) of GCASH, the leading mobile wallet service, may be pushed back despite the improved market sentiment following the successful and peaceful mid-term election. Yes, Virginia, market sentiment has shifted from the subdued conditions at the start of the...
The gates of four dams in Luzon remain open on Saturday, Oct. 26, following the onslaught of Severe Tropical Storm (STS) Kristine, according to the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). (PAGASA / MANILA BULLETIN) In the latest data released by...
The number of initial public offerings is expected to surge next year as the expected decline in interest rates increases the attractiveness of equities versus fixed-income securities. In an interview at the sidelines of the EJAP-AboitizPower Renewable Energy Forum, BDO Capital and Investment...
Two major dams in Luzon are set to release water on Monday, Sept. 2, due to ongoing rains affecting the watersheds, said the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). During a press conference, PAGASA Hydrologist Rosalie Pagulayan said that Ipo Dam in...
Two major dams in Luzon are set to release water on Wednesday morning, July 24, due to ongoing rains affecting the watersheds, said the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA). During the PAGASA climate forum, Hydrologist Sonia Serrano said that Ipo Dam...
Filipino-led renewable energy (RE) firm NexGen Energy Corp. (XG) had secured regulatory approvals for its initial public offering (IPO), which will wind up at its July 16 listing at the local bourse. The company announced that it cornered both the go-signal of the Securities and Exchange Commission...
Recent rainfall in Luzon failed to raise water levels at Metro Manila's two primary water sources, west zone concessionaire Maynilad Water Services, Inc. said. According to the latest monitoring report from Maynilad as of Monday, June 10, both the Angat and Ipo dams experienced a decrease in water...
Renewable power pioneer Alternergy Holdings Corp. (Alternergy) said it raised over P20 billion in 15 months since its initial public offering (IPO) in March 2023. This capital is aimed to fund the accelerated construction of up to 204 megawatts (MW) of new capacity targeted to come online by 2025,...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
The Securities and Exchange Commission (SEC) has issued guidelines which includes requiring companies planning initial public offerings to disclose cornerstone investors in line with efforts to boost investor participation in the capital market. The Commission on April 11 issued SEC Memorandum...
The Department of Finance (DOF) is exploring changes to the charters of the Land Bank of the Philippines and the Development Bank of the Philippines (DBP) to pave the way for their potential public listing. Finance Secretary Ralph G. Recto, speaking at a reception hosted by the Philippine Stock...
West zone concessionaire Maynilad Water Services, Inc. has urged consumers to conserve water following the announcement of the latest Angat Dam and Ipo Dam levels in Bulacan. In a statement, Maynilad said Angat Dam is currently at 213.07 meters, slightly lower by 0.57 meters than last week, while...
