Metropolitan Waterworks and Sewerage System (MWSS) said watershed is the “lifeline” of the country’s water supply system, but the Department of Environment and Natural Resources (DENR) admitted there isn’t enough government budget to even set up a watershed management information system....
DoubleDragon Properties Corporation has set the initial public offering price of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse, at P2.25 per share. The final IPO price of P2.25 is the maximum of its indicative offering price and...
The Philippine Stock Exchange, Inc. (PSE) has approved the listing of the P14.7 billion initial public offering (IPO) of DDMP REIT, Inc. (DDMPR), the second Real Estate Investment Trust (REIT) to debut on the bourse. DDMPR is set to offer up to 5.94 billion secondary...
National Grid Corp. of the Philippines is planning an initial public offering that could raise as much as $1 billion, according to people with knowledge of the matter. The high-voltage electricity network operator, commonly known as NGCP, has invited several banks to submit proposals for the share...
GCash, the digital financial services firm of Globe Telecom, Inc., will fund a massive government-led re-forestation of Ipo Watershed, which is one of Metro Manila’s sources of freshwater. A statement showed that through donations generated from GCash, the Department of Environment and Natural...
The Philippine Stock Exchange needs to tweak further its listing rules for Small, Medium and Micro-Enterprises (SMEs) if it is to be the sector’s primary source of fresh capital. During a Financial Executives of the Philippines webinar on financial inclusion, Securities and Exchange...
Local firm Solar Philippines is prepping up for its planned initial public offering (IPO) at the local bourse, according to company executives. The firm, which was founded by young businessman Leandro Leviste, has recently tapped power industry hotshot Marty Crotty as its new Chief Executive...
It has been a week since Typhoon Ulysses made landfall in the Philippines, but Maynilad Water Services Inc. has yet to resume its normal production level due to continued high turbidity level of raw water in Ipo Dam. Jennifer Rufo, head of corporate communications at Maynilad, said the sustained...
Philippine firms have shelved their initial public offerings this year due to the pandemic in contrast to the robust number of companies that went public elsewhere globally undeterred by the real threats of the COVID-19. According to an EY quarterly report, EY Global IPO Trends Q3 2020, worldwide...
Converge Information and Communications Technology Solutions, Inc. (Converge) disclosed to the Philippine Stock Exchange that it has set its final initial public offering price at P16.80 per share to raise up to P29 billion. The firm had earlier moved up the timetable of its planned IPO while...
Converge Information and Communications Technology Solutions, Inc. (Converge) is allotting P12.7 billion to P16 billion worth of its P32.9 billion to P41.55 billion initial public offering for cornerstone investors. In its prospectus, Converge said though that its cornerstone investors...
The Philippine Stock Exchange, Inc. (PSE) has approved the planned initial public offering (IPO) application of Converge Information and Communications Technology Solutions, Inc. (Converge) worth up to P41.55 billion. Coverge targets to raise P36.13 billion from the sale of up to 480.84...
