The Securities and Exchange Commission (SEC) has approved the planned P14.92 billion initial public offering (IPO) of the real estate investment trust (REIT) sponsored by Filinvest Land, Inc. (FLI). The Commission En Banc resolved to render effective the registration statement of Cyberzone...
The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
Private transmission firm National Grid Corporation of the Philippines (NGCP) is ‘on track’ with its planned US$1.0 billion initial public offering (IPO) and is targeted to be concluded in six months, based on a mandate from the power industry regulator. “Right now, we’re on track with our...
Philippine food maker Monde Nissin Corp. is in talks with Singapore state investment fund GIC Pte and Hong Kong insurer AIA Group Ltd. to become cornerstone investors in what could be the country’s biggest-ever initial public offering, according to people familiar with the matter. Fidelity...
Shareholders of Del Monte Philippines, Inc. (DMPI) are planning to raise up to P44 billion through an initial public offering of shares they own that are equivalent to 28.75 percent of the company. Based on the registration statement filed with the Securities and Exchange Commission,publicly-listed...
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...
