266929 Department of Transportation (DOTr) Secretary Arthur Tugade led the contract signing for the Project Management Consultant Contract of the P82 Billion Mindanao Railway Project, the Tagum-Davao-Digos (MRP-TDD) Segment, Oct. 20, 2021. The 100-kilometer Tagum-Davao-Digos Segment will link Davao...
The Securities and Exchange Commission (SEC) has approved the P2-billion maiden share offering by Medilines Distributors Incorporated and the P9.55 billion follow-on offering by Sta. Lucia Land, Inc. In its meeting on October 12, the Commission En Banc resolved to render effective the registration...
Leading oil firm Petron Corporation has accomplished on Tuesday, Oct. 12, its listing with the Philippine Dealing and Exchange Corporation (PDEx) for the P18-billion first tranche of its fixed rate peso-denominated retail bonds. That bond issue will be the initial fund-raising activity of the oil...
Leading oil firm Petron Corporation is scheduling the redemption of its Series 2B preferred shares by November 3 this year at a redemption price of P1,000.00 per share. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it already “commenced delivery of its notice of...
The Securities and Exchange Commission has approved the P15.46 billion shares-for-asset swap between AREIT Inc. (AREIT), the pioneer real estate investment trust (REIT) in the Philippines, and its sponsor company Ayala Land Inc. In a disclosure to the Philippine Stock Exchange, AREIT said the SEC...
The Securities and Exchange Commission (SEC) is calling on the public to secure their financial future by becoming smart investors and not become victims of scams. The commission issued this call as it joins the celebration of World Investor Week, a global campaign by the International Organization...
The Securities and Exchange Commission (SEC) has joined forces with the cybersecurity arm of the Department of Information and Communications Technology (DICT) to intensify efforts in preventing and suppressing cybercrime in the country. The SEC said it has entered into a Memorandum of Agreement...
Of the Department of Transportation (DOTr)'s proposed P19.8 billion 2022 budget for Road Transport, only P1 million was included in the National Expenditure Program (NEP). Needless to say, it was a preposterous amount. "More funds should be allotted for the road sector, P1 million will not...
Aboitiz Power Corp. will funnel a significant portion of the proceeds from its P12-billion second tranche issue to its 74-megawatt solar farm project in Pangasinan. Apart from that, the power firm indicated that the capital raising activity targets to raise fresh cash that it can use “to...
NIGHT OWL Anna Mae Lamentillo Secretary Vivencio “Vince” Dizon would probably be the best example of a multi-tasker, and an effective one at that. He wears many hats, so to speak, serving at the center of the government’s COVID-19 response and the “Build, Build, Build” program. Secretary...
The Korean Embassy in the Philippines will be celebrating the Korean National Day in the country on Oct. 3. Due to the coronavirus disease (COVID-19) pandemic, the event will be held online. Korean Ambassador to the Philippines Kim Inchul (right) and Foreign Affairs Sec. Teodoro Locsin Jr. (Korean...
The Department of Department of Transportation (DOTr) and the Indian Ministry of Civil Aviation have signed a new and modernized Air Services Agreement. FB_IMG_1632754935468 The move opens the market for competition where multiple airlines can operate and more flights can be flown to spur air...
