The board of directors of listed firm Aboitiz Power Corporation has approved last week the prepayment of P3.4 billion worth of fixed-rate retail bonds to be enforced September this year. In a disclosure to the Philippine Stock Exchange (PSE), the company noted that it will be “using its existing...
The Securities and Exchange Commission is preparing rules governing digital asset offerings (DAO) and digital asset exchanges (DAX) to provide the investing public with more options, as well as protect them from the misuse of such emerging assets. “As it supports new and emerging business...
The P5-bIllion, 25-years delayed Bicol International Airport (BAI) is on track for this year's opening and to prove it, Transportation Secretary Art Tugade will land on its runway today, July 30. The Department of Transportation (DOTr) last night stated he "intends to land on the airport whether it...
The Department of Transportation (DOTr) this morning (July 27, 2021) led the inauguration of the P801.8 million, 313-kilometer, Metro Manila Bike Lane Network at Roxas Boulevard, Manila. 08232020_BIKELANE_ROMERO-1024x683 The Metro Manila Bike Lanes use concrete delineators or flexible rubber...
Transportation (DOTr) Secretary Art Tugade has opened the P145.371 million bike lane in Davao City which spans 54.744 kilometers. IMG-84fb969d7d4152ffeea4bedb041b6061-V It was part of the government's P1.09 Billion Bayanihan Bike Lane Networks project, 497 kilometers of pavement markings, physical...
The Securities and Exchange Commission (SEC) has extended the deadline to August 31, 2021 for corporations, partnerships, and individuals under its supervision to designate and submit their official email addresses and mobile phone numbers. In a notice issued on July 15, the Commission announced...
The Philippine National Railways (PNR) Calamba Project, the ₱344.6 billion South Commuter train line, will generate over 10,000 direct jobs once its construction starts next year, Department of Transportation (DOTr) Secretary Arthur Tugade last night (July 13) announced. PNR CALAMBA PROJECT (2)...
Leading oil firm Petron Corporation will be issuing P50 billion worth of peso-denominated fixed rate bonds – and the initial tranche to be offered to the public will be P18 billion. In a disclosure to the Philippine Stock Exchange (PSE), the oil company emphasized that it will slate P50 billion...
The Securities and Exchange Commission (SEC) has revoked the Certificate of Authority (CA) of KingABC Lending Corporation, which runs online lending platforms, to operate as a lending company because of its unfair debt collection practices. In an order, the SEC Corporate Governance and Finance...
Alcantara-led Alsons Consolidated Resources Inc. has secured the approval of the Securities and Exchange Commission (SEC) on its proposed P2.0 billion worth of 182-day Series O commercial papers (CP) issuance. “The foregoing commercial papers represent the first tranche of commercial papers that...
The Securities and Exchange Commission (SEC) is planning green financing option for the $13 billion worth of renewable energy (RE) investments in the next four years to pace the country toward a decarbonized future. “Our country needs around $13 billion for renewable energy investments by 2025...
The Securities and Exchange Commission (SEC) will be requiring public companies and registered issuers to submit an Annual Corporate Governance Report (ACGR) soon. In a statement, the commission said this is part of its efforts to develop a strong corporate governance culture in the country....
