The Philippine Stock Exchange has approved the planned initial public offering (IPO) of renewable energy producer Raslag Corporation worth up to P700 million. The solar power company will offer up to 350 million primary shares and up to 52.50 million over-allotment option shares at a price of up to...
Real estate giant Ayala Land, Inc. (ALI) has listed its P12-billion fixed-rate bonds due 2028 on the Philippine Dealing & Exchange Corp. (PDEx) after the offering was oversubscribed five times with orders amounting to P60 billion. This 6-year bond is the biggest bond issuance of ALI in the past...
This week, the stock market may see some bargain hunting after suffering a steep fall in the last five trading days although uncertainties remain as investors wait for the new administration to name its economic managers and lay out its plans. “With its fall last week, the market has so far been...
President Duterte hoped the new graduates of the Philippine Military Academy (PMA) would remain true to their oath despite the numerous things they can do in a fast-changing society. President Duterte reminds new graduates of the Philippine Military Academy (PMA) to stay true to their oath amid the...
The local stock market plunged for the 5th straight session, falling a total of over 499 points or 7 percent to the 6,300 level, as foreign investors continue to leave amid uncertainties. The main index dove 153.13 points or 2.34 percent to close at 6,379.17 as Conglomerates led in the retreat...
A light-lift fixed wing aircraft of the Philippine Air Force (PAF) blew its tires while attempting to land at Laoag Airport in Ilocos Norte on Friday morning, May 13. NC212i aircraft (File photo of courtesy of Philippine Air Force) Col. Maynard Mariano, PAF spokesperson, said five aircrew were...
Philippine National Bank registered a 57 percent jump in net income for the first quarter of 2022 to P2.81 billion from the P1.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said this is primarily due to improved net interest income and...
Philippine Airlines, Inc. (PAL) returned to profitability in the first quarter of 2022, registering an operating income of $33.8 million (P1.7 billion) and net comprehensive income of $22.6 million (P1.2 billion), the flag carrier disclosed Friday, May 13. The last time that PAL registered positive...
The local stock market continued to fall as the better-than-expected economic growth numbers failed to boost investor sentiment. The PSEi slid by 103.56 points or 1.56 percent to close at 6,532.30 points with Property and Banks leading the retreat across the board. Volume improved 1.59 billion...
Real estate giant Ayala Land Inc. is planning to raise up to P33 billion from a planned bond issuance of P22 billion with an oversubscription option of up to P11.0 billion. The proceeds of the proposed bond offering will be used by the firm for refinancing and to fund general corporate...
Philippine Airlines (PAL) will operate additional flights between Manila and Tagbilaran (Panglao) beginning May 17, 2022, and between Manila and Basco (Batanes) by May 20, 2022, the flag carrier announced Thursday, May 12. 83046 From May 17, PAL will increase its Manila-Tagbilaran-Manila services...
Local share prices continued to fall amid uncertainties after Monday’s polls. The PSEi lost 85.07 points or 1.27 percent to close at 6,634.86 as Holding Firms led the retreat although the Services and Mining and Oil counters bucked the trend. A total of 1.92 billion shares worth P6.64 billion...
